Topic: Nitrobetting.eu - Unmatched BTC Betting and Entertainment 🎰📈🏀⚾🏈⚽ - page 3. (Read 6413 times)

At first glance, gambling transactions are tailor-made for cryptocurrencies and blockchain technology. A deeper dive, though, reveals that there are barriers to sportsbooks and online casinos transitioning from Web2 to Web3. See below for the reasons most online casinos and sportsbooks have yet to utilize blockchain tech.

All You Must Know Regarding Gambling Transactions and Cryptocurrency
Gas fees are what’s holding up sportsbooks from going from Web2 to Web3
When you currently fund your sports betting with BTC or ETH, bitcoin or ethereum, you are funding into a Web 2 account. The source of your funds, the cryptocurrency you are using, rests on a blockchain, but you don’t put your BTC onto an actual chain.

The sportsbook that excepts your BTC deposit is on Web2 technology. The reason that no online sportsbooks or online casinos have yet switched to Web3 is due to gas fees.

Gas fees are the fees you pay to facilitate a transaction on a blockchain. The more congested the network, the longer it takes for a transaction to go through and the more we’re likely to pay in gas fees.

Ethereum is a prime example of this. Ethereum works off a proof of stake model where validators create new blocks of transactions. For doing so, validators receive a reward.

The reward are gas fees. Sometimes, depending on how congested the Ethereum Network has become, gas fees can go up to $100 per transaction. No sportsbook or online casino can pay for the gas fees and it’s impossible to pass on gas fees to customers.

Transaction fees on Ethereum are expensive and Solana has security issues
Ethereum appears perfect for blockchain sportsbook and online casino developments. But the gas fees on Ethereum are unpredictable. It’s tough to run an online casino when you’re not sure how much you, or your customers, must pay in gas fees depending on how many other transactions are going through the network.

Solana’s gas fees are low, but Solana has reliability issues. Solana has had trouble pretty much since Day 1. Numerous outages, a hack that resulted in the loss of approximately $8 billion, and SEC Chairman Gary Gensler naming Solana in a suit against Coinbase have led to crypto investors cashing out and validators moving to other chains.

Right now, it’s difficult to know Solana’s future. So neither Ethereum nor Solana seems like a solution for online casino and Sportsbetting.

PraSaga is working on a blockchain that might be perfect for online casinos and sportsbooks
There may be hope for Web2 sportsbooks and casinos that wish to move to Web3. PraSaga is working on an object model based blockchain, called SagaChain, that runs what the organization calls Smart Assets in parallel.
Per PraSaga, they can create 40,000 blocks in the time it takes to create a single Ethereum block. Not only that, but unlike Solana’s model, Proof of History that uses hash tags to create a fingerprint for a unique set of data, SagaChain creates a unique ID for every smart asset.

You and only you have access to this unique ID, which makes whatever the unique ID represents safe and secure.

How sportsbooks and online casinos would run on SagaChain
Sportsbooks and online casinos could generate a unique ID for every single bet or transaction on the network. Sportsbooks could then provide access to the transactions to the customer that made the transaction and only that customer.

If this were to happen, casino players, sports bettors, and gambling operators could, in theory, end sports betting and casino gambling fraud, which has been one of the main reasons only some states have opened their doors to legalized sports betting.

Another selling point? Anonymity. Online casino players and sports handicappers would know that they are truly anonymous.

Where to Bet with Crypto
Sports betting odds are available here at Nitrobetting. Create a Nitrobetting account now to place your stakes on any of the top games every week.

This is just one of the many sports betting guides that you can read here at Nitrobetting news. Stay tuned for more previews, guides and articles.

READ MORE: n2g.io/aef5cd9

You should share a screenshot of your bet so that we can see which market you are referring to in this case. I placed several live bets in different popular markets in this site and I never faced any issues.

If they repeatedly cancelled your live bets in this manner, they are in the wrong. However, if this was a one-time thing, their excuse is understandable.

do not trust this guys , if you win in live bet your win cancelled
they say in their new terms that after the result I have the right if you win to they cancel it.
with any excuses they wants.
my bet is open all the time 15 min before end and of course has open yet , I almost lost it but they not cancelled , after end and won ticket cancelled .

this email after bet won under goals football

[email protected] <[email protected]>


Hello,

I hope this message finds you well.

Please note that your bet with ticket ID @@@@@@@ for  xxxxx vs
xxxxxx has been cancelled since the feed was stuck and the lines
were not updating properly.

Whenever an error like this arises, we must cancel all affected bets.
Your understanding is highly appreciated.

We are very sorry for any inconvenience this might cause.

Regards,

Yeah. I have been participating in these contests regularly and am having a blast. It's good to see more and more sites like Nitrobetting, Sherbet etc offer these popular prediction contests on a regular basis within this forum.

Did you use a VPN(Free/Paid) of some sort? If you did, it could be why they are asking you to do this basically.

I had this in the past before.
My best guess is you use a VPN IP other people used as well and that's why the system connects you to those other accounts.
And since multi accounting is not allowed you need to prove that you are not those other people.

Also it is to prove you are not playing from a restricted region I suppose.

If you lose that's not problem but once you are winning they ask for it, kind of ridiculous but classic.  

Hello @nitrobetting! I really like your site and i just made a good score (for me anyway) of about 1100 USD, however i just got an email where i was asked to log in using my own IP to verify my account. I was wondering how this helps with verification. I complied and i have no problem doing this of course, now awaiting response.

Good luck to all! Cheers

There's on going BTC Price Prediction Contest | November Special | 4 mBTC Reward sponsored by Nitrobetting.eu (Just click the text with underline to join the contest). I think this is the 2nd time Nitrobetting.eu sponsored Bitcoin Prediction Contest here in Bitcointalk. To participate, simply provide your Prediction of the price of Bitcoin on 21st November at 06:00 UTC. and Nitrobetting User ID.

good luck everyone! I hope to see your predictions there. Gracias!

Hi fujiyajio! Thanks for reaching out. We will answer your questions below:

Maximum bets are determined by track category. Generally, the maximum bet amount will increase as an event grows nearer and liquidity on that event increases. For more details please review our Tracks Betting and Payout Limits section and if you would like your limits increased please contact our customer support via email at [email protected]. For more information please head over to our Rules and Regulations page under racebook.

Hello,
I've noticed that you offer horse racing bets, but I have a few questions, and I hope you can help. First of all, the odds are not displayed per race; only the price is listed as 0$.

My second question is about the betting limit. I see the maximum bet is 8 mBTC. Is this limit for a single race or bet, or can I place multiple bets of 8 mBTC on the same event/horse?

I also noticed that the maximum limit for winnings is 70 mBTC. What does this mean? If I place a bet of 8 mBTC, and the horse's price is 10, and it wins, do I receive 80 mBTC or just 70 mBTC at most?

Is it possible to have these limits removed or increased?

I think it is still good if we can deposit the Altcoins and if they get converted to the bitcoin. That must be temporary. I don’t know but if we can deposit then it’s obvious we can withdraw back in the same altcoin that we deposited with. It shouldn’t be that great science I think and won’t matter once we start playing and start earning profits on investment.

Good to see nitrobetting changing its course in terms of payment processors. Many peeps these days are picky and they are also holding hundreds of different altcoins. It just makes easier if the same currency is available to trade on various entities and mostly in the gambling sites.

I am not much active on nitrobetting but from the experience on other casinos it’s good start for sure.

Hi Renanmpun. Thank you for reaching out and for your interest in joining Nitrobetting. However, using VPN to use our services is highly discouraged. You may contact our support team for further information.

Thank you.

According to the Nitrobetting Terms of Use:
https://nitrobetting.eu/terms-conditions/

Therefore, I don't believe it is allowed to bypass country-specific restrictions when using their sports betting services.

Hi admin, is there an alternative link to access your site because it is blocked in my country, I don't want to use VPN!

Well forum advertisement doesn't really mandate to you the service because as a forum member you are acting on your own right and represent yourself both in you comment and every other activities in the forum even as you wear a company signature because it doesn't mandate you to act in a particular ways,  so is possible you advertise them and yet not know much about the casino unless if you are going to be paid on the casino that the only way you are mandated to create an account t on the casino but in this case @batang_bitcoin may be right in his expression and use of the word stumbled upon even though that is not what he meant in his own case.

But all the same, its good to see the team constantly making efforts to get things right in here and I am glad to see that their sports book is up and running also.

I'm surprised that no one mentioned the email sent a week ago about the new deposit options, and it's great to hear that your sportsbook is now accepting altcoin deposits.

The others might not like this because it means all altcoin deposits are automatically converted to BTC. And once you check their deposit page, you must agree with their terms (converting altcoins to BTC) before they show the deposit address.

That's why I check them out not just because I am in their campaign but because I want to check them out and probably just used the wrong word stumbled upon, pardon me with that. Thanks, I didn't know all of that what you've said. I know that it sounds sarcastic about that complete package but that's what I see with the design that they have by just looking at it. Anyway, thanks bud for all what you've said.  

You advertise them and yet "stumbled upon" them, sounds legit.

Many sites have horse racing. Sportsbet.io is MUCH bigger site and long time in business and has horse racing.

And if you want to see how "legit" nitrobetting is just check their previous site nitrogen sports here, great feedback:
https://bitcointalksearch.org/user/nitrogensports-88706

Great post, just great! Complete package....