Pages:
Author

Topic: Overview of Bitcoin Accepting Sportsbooks (with margin/house edge comparisons) - page 8. (Read 25314 times)

legendary
Activity: 2772
Merit: 3282
MMA data added. Unfortunately it seems that BitcoinRush is the only competitive option for MMA; all other books, barring Nitrogen have a significantly higher margin. Ice Hockey will be hopefully added by Thursday.


MMA

For MMA, the Match Winner and Under/Over markets will be used. The specific match used for this comparison is the Khabib Nurmagomedov - Conor McGregor fight on Oct 6, as it is one of the more major ones. The lowest margin is bolded.

UFC:

|Sportsbook|Match Winner Margin|Over/Under Margin|
|Betcoin.ag|7.07%|N/A|
|BetKing|5.40%|8.23%|
|BitcoinRush|2.82%|3.80%|
|Cloudbet|5.25%|6.01%|
|Jetwin|8.33%|7.99%|
|mBitCasino|4.85%|6.01%|
|Nitrogen|3.03%|4.07%|
|Sportsbet.io|6.07%|6.01%|
full member
Activity: 853
Merit: 144
Betcoin- your odds are insulting to say the least.
Tighten up those margins if you want to be at all competitive in this space.
legendary
Activity: 3738
Merit: 1108
Betcoin.ag Forum Rep - Sportsbook, Casino

Alright. I've added you to the Champions League overview, and I will add you to the other events in the near future. Champions League was the easiest because none of the matches were played yet; I'm not sure what to do for the other events (yet). I look forward to seeing you improve your sportsbook.


We appreciate that. If you ever have any questions, shoot us a PM and feel free to let us know if there is anything we can ever do for you to help further your cause.
legendary
Activity: 2772
Merit: 3282
Nice work Darkstar  Cool

Truth be told, a smart punter would use the Sportsbet Price Boosts every 24 hours to maximize the highest odds.

As someone else mentioned, the odds offered w/ Price Boost surpass even fiat sites.

This was mentioned in the Misc section:

Sportsbet.io offers a 'Price Boost' that lets you boost the odds of a selection, per sport every 24 hours. It reduces margin to anywhere around -1% to 1.5%. If you don't place many bets, and don't mind KYC, Sportsbet.io is the best sportsbook for you.

Often, people will want to place multiple bets in a 24 hour period, so Sportsbet.io isn't the best option for them for all of their bets.


Include the odds provider for each Bitcoin sportsbook you've included.

This information is quite hard to come by, and isn't too useful. All books listed have different odds providers (AFAIK) except for Nitrogen & BitcoinRush, who both use Pinnacle lines. Nitrogen is Pinnacle + additional margin, while BitcoinRush is raw Pinnacle lines.
legendary
Activity: 2828
Merit: 4370
🤑 Free Bets have been credited 🤑
Nice work Darkstar  Cool

Truth be told, a smart punter would use the Sportsbet Price Boosts every 24 hours to maximize the highest odds.

As someone else mentioned, the odds offered w/ Price Boost surpass even fiat sites.

Suggestion for you Darkstar:

Include the odds provider for each Bitcoin sportsbook you've included.
legendary
Activity: 2772
Merit: 3282
legendary
Activity: 2436
Merit: 1804
guess who's back
snip

to be competitive with others margin should be way lower than 5% , it's really high and not acceptable
I do gamble every day on sports and I can tell you having a lot of markets to bet on isn't my concern since over 90% I just go for ML , Handicap and over/under
I only use bitcoinrush , betking and sportsbet so it's all about the odds not about the markets available

sportsbet has high margin but they also have price boost where bettors can get odds higher than anywhere else ( even fiat sites ) so IMO sportsbet still way better than betcoin

I hope you consider improving the odds cause such threads will make people realize where they should bet and I would say no one will be using sites that have high margin
member
Activity: 60
Merit: 12
RuneScape OG
Damn you DarkStar, after reading this im now addicted to checking all the margins for my bets before placing them  Grin

Really useful guide though. Could you please add some detail about the territories that the sportsbooks allow? Im not sure if any of the good ones allow UK players
legendary
Activity: 3738
Merit: 1108
Betcoin.ag Forum Rep - Sportsbook, Casino

My bad, I haven't used your book for about 2 years and when I did, you used UltraPlay. I did check again and it appears to be a different provider. I apologize for my error.
Regardless of provider, on NFL, your even lines at at -111 (1.9 decimal), which is below the industry standard and not at all competitive. That's a 5.26% margin, which is way above all books listed (minus mBitCasino for a few outcomes). Your EPL lines are at ~5.7% for ML, ~6.9% for Handicaps and ~7.1% for Totals (from one event that I checked). MLB margins are all around 6% or higher.

If you ever choose to make your sportsbook competitive, I'd be happy to include you. However, paying an extra 5% of my winnings to you is not something that would be a highly enjoyable experience. You also lack things such as bonuses or promotions that would otherwise make up for your poor margins.

Hello Darkstar, thank you for your excellent work. We would like to point out that our margins are competitive with, or better than mbit casino and sportsbet.io for NFL, most MLB, most UEFA and EPL as well as many others. You should include Betcoin.ag Sports in your analysis. We actually strongly believe in what you are doing and fully support you. You should certainly include one of the first and strongest Bitcoin sportsbooks in the marketplace.

Based on your analysis, we will also be making some changes and will look to you and others for their feedback and experience. We look forward to your thoughts and are always looking to improve. We have worked very hard to make the sportsbook better and continue to try and improve by requesting feedback often. In fact, we just tripled our maximum wager size to 300 mBTC last week!

While we do not currently offer any sports bonuses, we did just institute a sports VIP program where players can earn status points on their sports play to increase your VIP level which can lead to lossback and betback on casino play and soon on their sports play.
https://www.betcoin.ag/betcoin-sports-re-launch-out-beta-get-your-past-status-points-10x-points-next-month

Regarding promotions, we are currently giving away 2 BTC over the regular season in our NFL BitConfidence pool.
https://www.betcoin.ag/nfl-football-promo-bitconfidence-pool-2-btc-guaranteed-prizes
We have been running promos with huge guaranteed added prizes like this for most major events, including most recently the US Open Tennis and World Cup.

Lastly, some other things that set us apart are our large amount of markets per match and our withdrawal times. We see that some of these sites only offer ML, Spread and O/U. We include up to 200 markets for both LIVE and PRE-MATCH for football (soccer) and up to 100 for American football, basketball and baseball. The new provider also has much faster and more accurate grading. We also average 15 minutes for processing of withdrawals, INCLUDING WEEKENDS.

We think it is unfair to call our sportsbook not competitive or say there is no reason to play there. Each sportsbook you mentioned (some of which we recommend ourselves) has it's pros and cons and we hope you would give us another try because there are definitely benefits to playing at Betcoin Sports.
legendary
Activity: 2968
Merit: 3684
Join the world-leading crypto sportsbook NOW!
Finally, someone did this. Was mulling it in my head for a while but didn't have the time to collect the necessary information, and am glad DS went ahead with this - few better people in this forum section to make this kind of analysis.

I only bet on football/soccer and the occassional tennis, and have been doing so with Bitcoin since 2017; Bitcoinrush has always had the best odds by far, mainly because Pinnacle gives good odds and BCR has the lowest margins.

Like many betters, my loyalty lies with the lowest margins/best odds - add on top of that BCR's cashback and it's practically a no-brainer.

Thanks so much this is great info. Will have to place a few bets with BitcoinRush, they clearly have the best odds.  Grin Smiley 

And they all add up. I don't typically play with big bets, but when long parlays and underdog bets especially translate those thin margin advantages into significant advantages over time. I made this thread to track bets, adding up % and unit advantages over time, simply by choosing the bookie with better odds. As you can see even with about 30 bets so far, there's already a +100 unit advantage, if betting the same amounts every time. All bets were initially made only on BitcoinRush but I recently added BetKing also to reflect their sometimes lower margins especially on Euro football (something I wasn't actually aware of until DarkStar and SyGambler pointed out).

newbie
Activity: 42
Merit: 0
Thanks so much this is great info. Will have to place a few bets with BitcoinRush, they clearly have the best odds.  Grin Smiley 
legendary
Activity: 2772
Merit: 3282

Betcoin: Same odds provider as mBitCasino, except with even higher margin! Zero reason to bet at Betcoin.


This is completely false. Betcoin.ag does not use the same provider as mBitCasino and has not for nearly 1.5 years. We are unsure why OP decided to make this false statement. Betcoin.ag made tremendous improvements in its sports offering to make us competitive with all sports books on the market including fiat and crypto nearly 1.5 years ago. Since then our offerings, activity and experience has improved tremendously. Additionally, we are always looking to improve and look forward to your feedback. We invite you to experience Betcoin.ag Sports today and strongly believe you will have a highly enjoyable experience. Thank you.

www.betcoin.ag/sports

My bad, I haven't used your book for about 2 years and when I did, you used UltraPlay. I did check again and it appears to be a different provider. I apologize for my error.
Regardless of provider, on NFL, your even lines at at -111 (1.9 decimal), which is below the industry standard and not at all competitive. That's a 5.26% margin, which is way above all books listed (minus mBitCasino for a few outcomes). Your EPL lines are at ~5.7% for ML, ~6.9% for Handicaps and ~7.1% for Totals (from one event that I checked). MLB margins are all around 6% or higher.

If you ever choose to make your sportsbook competitive, I'd be happy to include you. However, paying an extra 5% of my winnings to you is not something that would be a highly enjoyable experience. You also lack things such as bonuses or promotions that would otherwise make up for your poor margins.
full member
Activity: 294
Merit: 102
Dice-Bet.com | BTC, ETH, LTC | 0.7% HE | Invest
hey DarkStar this is really useful - good job!

I may run a dice site but I do enjoy betting on sports. Under/Over on basketball are usually my lines so thanks for looking into the margins further  Cool
legendary
Activity: 3738
Merit: 1108
Betcoin.ag Forum Rep - Sportsbook, Casino

Betcoin: Same odds provider as mBitCasino, except with even higher margin! Zero reason to bet at Betcoin.


This is completely false. Betcoin.ag does not use the same provider as mBitCasino and has not for nearly 1.5 years. We are unsure why OP decided to make this false statement. Betcoin.ag made tremendous improvements in its sports offering to make us competitive with all sports books on the market including fiat and crypto nearly 1.5 years ago. Since then our offerings, activity and experience has improved tremendously. Additionally, we are always looking to improve and look forward to your feedback. We invite you to experience Betcoin.ag Sports today and strongly believe you will have a highly enjoyable experience. Thank you.

www.betcoin.ag/sports
legendary
Activity: 2772
Merit: 3282
TO-DO:

  • Add Betcoin/Jetwin to all selections
  • Add info about Live Betting
  • Add NCAA overview
  • Add eSports overview
  • Add basic limit info
  • Add overview of the "best" books
  • Add overview of promotions/loyalty programs
  • You tell me!
legendary
Activity: 2772
Merit: 3282
Pages:
Jump to: