Why we're closingSeveral Bitcoin sportsbooks have proven to be unreasonable and deceptive.
As a result, we do not feel comfortable continuing this service, with the knowledge of the degree of risk our customers would face betting on certain sites.
This brief experiment has informed us on the viability of offering such a service.
That is, the general challenges arbitrage bettors would face, and the practices of Bitcoin sportsbooks.
We will relaunch with a more valuable service, using only trusted sportsbooks, and will price the service so that a large bankroll will be unnecessary to be profitable.
We apologize to all customers who have been unfairly treated by Powerbet, and vow to never use such books ever again.
Note to current customers
If your current plan has not yet terminated, you will receive a pro-rata refund.
You should receive an email regarding this today, if not please contact us at
[email protected]