Bitcoin Forum

People have been posting the last couple days about Betcoin and their scummy, fraudulent behavior.

Reference:
https://bitcointalk.org/index.php?topic=297110.0 (https://bitcointalk.org/index.php?topic=297110.0)
https://bitcointalk.org/index.php?topic=297078.0 (https://bitcointalk.org/index.php?topic=297078.0)

And now we have this gem: http://www.digitaljournal.com/pr/1489274 (http://www.digitaljournal.com/pr/1489274)

This is just getting ridiculous... Come on Betcoin, only two days after we reveal that you ripped our verbatim Terms and Conditions from SatoshiDICE (not to mention stole all the other copy as well) and are proven to be faking bets on your own site and likely DDoSing your competitors, you pay for a press release titled, "Shift to Ethical Bitcoin Gaming - BetCoin ™ Leads the Charge Towards Responsible Gambling Adoption by Bitcoin Casinos"

The best part...

Betcoin copy and pasted SatoshiDICE's T&C's as their own, and then puts out that press release?  :D  Betcoin's T&C's: http://imgur.com/32cMiHl  (see the exact same at SatoshiDice, plus most of the site copy)


This is amazing  :P

Quite ridiculous. Hard to top these guys in terms of false claims, I give them that.  ::)

Lololo Betcoin. Business is sometimes so funny.

The funny thing is they don't even own the trademark Betcoin and I think the actual owner are taking legal actions.

I'm pretty sure they found out about Bitcoin about 2 weeks before they released. You can tell they have no idea how the community around here works etc.

So bad

Do they even try?

Why would I trust a vice dealer in the first place? Gambling games are not "games", they are systems to transfer your money to the house.

haha, good one.
It should be pretty embarrassing to them though!
Like, they copied EVERYTHING off SD.

Well it's pretty horrible, you won't find any provably fair there.

just because of this too much speculations around here and suddenly too much up and downs but hope its stable soon

Fraud indeed and I have screenshots to show you all... I see they have advertisements on this forum. Can we petition that they be removed? I know they paid for space, but I don't feel that this community should embrace a known scam site.

Someone please advise how to upload photos to post.

Upload to imgur and post the url - I sort of dislike inline photos, will click if explained as relevant.

1. Go to http://imgur.com/ and upload the image
2. Copy paste the "forum BBCode" from the sidebar on imgur to the forum and make a post.

Making good on my promise.

I have dozens of pics, but I choose this one to post first to hopefully spark a little interest in this thread.

Background info on this game:
During this game play, it was just myself and another Alias spinning the wheel. But it wasn't until after I lost an excessive amount of coins and exited the game, that I realized the Alias I was losing spin to was out-spinning me! I'm no techie but maybe some of you might have an explanation of how this is possible.

Do you see what's wrong with this picture?

https://i.imgur.com/qXVWQEL.png

Oh, I suppose I should mention that the 2x spinner joined the game so the spin master Alias wouldn't have to be alone. I'd also like to mention this player (although never spins anything more than what it's spinning), just happens to be a Diamond player and have won 50 and 30BTC in the last two monthly drawings. Enough about that, monthly drawings will be another post.

What's wrong with the picture: Their bot spins several times per second.

I've noticed that their lottery have a one user that always buys 1,000 tickets outright, even if he's the only player. That is irrational as that would mean negative profits even if he wins them all, due to house edge.

I suspect that it's actually a 'house bet' and that they are circumvening provably fair with these scummy bets.

Priceless:

https://i.imgur.com/365E8ci.jpg

Yep, it brought me here....
Priceless, but keep in mind, all marketing is good, even if its bad marketing.
What is the go with there provably fair algo's ? Dont they check out ?

It's provably fair still, but it's suspected that they're placing bets themselves, sometimes thousands of entries, so that they have more of an edge. At least that's what I deduced from this thread so far.

Anyone can recommend a (i guess a lawyer) for writting terms and conditions for me?

They are getting further downgraded this week.. This company has turned into a headache and extremely disappointed especially with the new management in place to fix past disputes we have on file. They however seem to be interested in more advertising opportunities.

 ;D

C- now not sure what to say considering they once held that ultimate rating. Guess will consider further downgrade if more folks file complaints.

Have they not paid anyone in the sportsbook? They've always paid me on time but would like to know of any other problems on the sportsbook side.

Wow that's really dirty...they didn't even try to disguise it.

Betcoin Sports (http://bitcoinreviewer.com/betcoin-sports-review/) (4.2 star rating on Bitcoin Reviewer) is not affiliated with Betcoin.tm. They are a honest sportsbook company.

not only BetcoinSports Bitbook.biz,NiterogenSports and Bitcoinlivebets these all are very good and honest sites paying to there customers on time

Thanks b!z and waqas. I would add casinobitco.in to the honest sportsbook category.

casinobitco.in is a legitimate sportsbook.  Folks should not get the "TM" brand confused with the sports betting brand we will be publishing an article regarding betcoin"TM" soon enough for those interested in reaching out to the owners/investors of the particular brand.

It is quite fun, but not for our site.  :'(

Be sure Betcoiner.com (http://Betcoiner.com) is trusted.

And we are still not scummers  ::)

https://bitcointalk.org/index.php?topic=451995.0

dang. Still the wildwest out here, i see lol.  :-\

much more wildwest now

 Khanatran is on 2 plus 2 a well known forum member who supports almost every online site. When he posted that betcoin was shady and to stay away I insta withdrew about 3 months ago or so. Pretty scummy in regard to  their casino though I have never been one to patronize online casinos. Very unprofessional in grindabit forum where they have a thread. Looked so promising in the beginning turning out to be shady like almost all the bitcoin gambling sites  other then swc.

his name is kahntrutahn on 2+2 and im pretty sure your talking about the wrong betcoin, this thread is about betcoin.tm

Ahhh I see. Well the khan  on 2 plus 2 was talking about betcoin with the poker on winning poker network I didnt realize there where so many sites with betcoin in it so confusing. Thanks for setting straight on that. ;)

Betcoin has/had 5.49 bitcoin of mine (used for sports betting) and it has up and disappeared.

I have tried talking to customer support for over a week now and they are completely stonewalling me.  This has to be a huge scam site.  I've been on many Bitcoin Sportsbooks and never had an issue until this one with Betcoin.  Maybe they will respond to a post on the forum as their customer support is basically non existent.

Stay away!

Maybe this post will at least get someones attention there...

can you provide proofs or screenshots. this is a pretty serious allegation against a well known trusted Bitcoin poker and casino room

Responsible GAMBLING PROMOTING... WHAT... You can lose 100BTC in 10 seconds! (not sure that is promoting responsibility!)

Responsibility would be added by putting things like CAPTCHAs in so people respect their money more!