Bitcoin Forum

With the new NFL season starting and the football/soccer season already running I want to setup a NON FOR PROFIT BTC sportsbook betting league(s).

You can bet on any sport event during the month. No restrictions on the amount of bets nor bet types. Each one increasing his balance over the initial credits will be a winner.

How:
We would use already available betting systems available for all platforms iOS, Android, Blackberry, Windows, MAC, Linux (bettracker.com) for free. We define 2 leagues the 1 BTC league and the 10BTC league and run the leagues for one month with payout on the first of the following month based on the achievement in the league.

The bettracker app is for free if we don't bet on more than 3 concurrent sports events so the idea would be to select 3 NFL matches and 3 Football/Soccer matches per week. We would take the 3 most popular events per week and place bets on it. Bettracker enable full betting transparency from each participants with live ranking. Each participants can check the bets and standing of each other.

Finance:
To enter a monthly league we would deposit each 1.1 BTC or 11BTC which would give a starting purse of 100 credits in the 1BTC leage respective 1000 credits in the 10BTC league (1BTC = 100 credits + 0.1 BTC for potential costs of operation, miners transactions fee, donations, jackpots,...).

From the 1 or 10 BTC deposits we would pay the winners at the end of each month based on their results 100 credits = 1 BTC. If the house has not enough bankroll we would calculate the payouts based on the available bankroll per league and the total credits to be paid.

The extra 0.1 BTC respective 1 BTC will be used for the mentioned various managing tasks and will be discussed directly in the forum. If successful we would surely want to develop an automated deposit and payout system this will be paid out of the managing fees (0.1 / 1.00 BTC).

It's possible to re-buy multiple time during the month.

Signup process:

1. Go here: https://bettracker.com/home/ and signup for free don't chose any plans just skip that step
2. PM me the email you used to signup at bettracker and the league you want to join (1BCT,10BTC, both) or post it in the forum you can use anonymous emails i.e http://mailnesia.com/
3. In return I will send you a unique depositing address from the house wallet (@blockchain.info). Send 1.1 BTC, 11 BTC to that address or 12.1 BTC if you want to participate in both leagues.
4. Once your deposit clears I will add you your chosen the league. You will then have a purse of 100 respective 1000 credits to bet on any sports events proposed by bettracker (NFL, Soccer, Golf, Tennis, Formula 1...) within the month.

The two starting leagues are:

1 BTC SEPT League
10 BTC SEPT League

Please give your feedback and/or improvement ideas!

I believe it could be a lot of fun!! Thanks to bitcoin all transactions (deposits/payouts) will be transparent the house wallet balance will be know from all and published regularly.

Hope you will find this as attractive as I do! Try it out it's already operational.

Thank you for your interest, brian

Full disclosure: I'm in no way affiliated with bettracker and I won't take any profits from this operation. I will also not run away with the wallet (escrows services could be setup). I do this simply for fun. Should it become unmanageable for me I will seek help from other forum members.

My deposit 2.2 to 1GRr9XXtB3E31p7w6zKiXb5vC9v77SwwDy

It's a blockchain.info wallet that will act as the bank wallet at least for now.

maybe easier and more interesting if we don't define the games to bets on and everyone is free to bet on what ever he wants during the month. End of the month we simply check the achievements and do the payouts accordingly on the total deposits.

we can define 2 leagues for 1BTC and 11BTC

what do you think?

I adapted the rules so that anyone can bet on any sport event during the month league. The restriction from the free bettracker application is of three concurrent bets other than that no restrictions are in place and every one is free to place as many bets he wants.

that a good idear! good luck

maybe you should post here "Bitcoin Discussion"

Yeah I thaw though too. I will ask the moderator if it's possible to post it in the discussion part, thanks.

I'm showing my support for the 1BTC league.

Subscribing

-kaji

That's great!

I will pay the entrance fee of 1.1 BTC for the first 5 to sign up. So the next 4 will enjoy free participation in the September 1 BTC league. Guarantied 6 BTC prize pool for the first September league.

I hope to get us started like this.

follow these simple steps to place bets in the league after logging in

click picture for bigger view

http://s11.postimage.org/lxt5rgpxr/bettracker2.jpg (http://postimage.org/image/lxt5rgpxr/)

http://s11.postimage.org/thraqmpfz/bettracker3.jpg (http://postimage.org/image/thraqmpfz/)

hi,the post picture not show correct!

thanks for reporting it. I changed something in the img tag maybe it will shows up correctly now!

Let's get some more entries in this!

I have started it off right with a little MLB winning streak with aggressive early betting. One thing I'm frustrated with is that the software allowed me to bet more than 100 on my first pick... I tried to bet 36 and thought it didn't go through, then did 30 and thought the same. Came back later and tried to bet all 100 and it let me, and I won but it counted all three of my bets. :/ so about 66 of my points aren't legitimate, and I would prefer to be honest about it and just get rid of them intentionally. Its ok, if the Phillies hold on this afternoon I will have many many more points than I started with  ;D

No one else is playing though, so I feel kind of lame when I get excited about my performance thus far...

If you all haven't noticed, bccasino has PAID the entry fee of the first 5 to sign up for the 1btc league! From what I can tell, there are only 3 people playing (including me)... that means there are still free slots to be had! A shot at winning bitcoins with an entry fee paid? I'd take it, but I already did

quite impressive results you have!

http://s14.postimage.org/k0fpt3wzh/standing.jpg (http://postimage.org/image/k0fpt3wzh/)

It would really be nice if more would join the league! Like said 3 more free spots to grab.

PM'd you re: a free spot. ^^

Too bad no one else ever really played  :-\

yes it's a pity  ??? , it was an experiment that didn't went well...

anyway please pm me your bitcoin addresses and i will send you the promised bitcoins.

Too bad, sounds fantastic. Good luck getting it to fly in the future!