Bitcoin Forum

Since Bit365 closed the discussion thread I wanted to open a thread to discuss his promised payouts.  https://etherpad.mozilla.org/MZ3eG4apz2 (https://etherpad.mozilla.org/MZ3eG4apz2) is the list of payouts from the past few months.  I am owed 53btc and have waved the profit.  I have not heard from bit365 since January 2nd where he estimated he would "recover" enough funds to pay me my full investment by January 16th. 

Please update this thread with any payouts or contact. 

Can you please post more information or links on what actually happened?

I bet you that the link to the previous thread would be most helpful here, given that this thread is a continuation of an older thread that Bit365 has closed.

https://bitcointalk.org/index.php?topic=142101.0

Brief History

1. November, bitcoin hit 1200
2. Bitcoinsports.eu became illiquid
3. FUD
4. The coins were lost (the private keys)
5. No one has/had docs on Bit365
6. He changed his email address, and removed the link to the thread from his website
7. He closed the thread itself.
8. People are still owed plenty of money!

He was paying smaller payouts to keep the image of a legit site. I've been waiting for 3 months for a small payout.

http://www.bitcoinsports.eu/bet/b5ab0


Scammer for sure!

A lot of people are owed for their signatures too, but I guess that's not as important over the outstanding bet money.

Isn't that weird?  It seems like that would increase the chances that someone who's owed 50 BTC will track him down...and make him pay.

I think bit365 will pay everyone who is owed.
the question is. WHEN
in 4 years?

I still don't think that he started the site with intention to scam. (Yes, I realize the people who get scammed usually rationalize just like this.. "I trusted the site and I'm too smart to get scammed, so it cannot possibly have been a scam." ;) ) The site was quite weak from technical point of view with slow payouts, timeouts with bets... Seemed like it required lot of manual work, but it seemed like he was trying to make it work. The investment feature was great and I think there was potential for "just-dice"-like growth with that feature. I did two investments on the site: 1 btc that was paid back in October and 10 btc that has been unpaid since early November.

It's possible he just lost the btc in October/November somehow; there certainly were a lot of opportunities to lose btc during that time. Assuming he really lost the coins somewhere he should have just been honest and open about it, instead of coming up with nonsensical explanation of technical problems and continuing to pay random small investments and bets. Maybe he hoped someone would lose a big bet on the site. If he wants to continue the site without being accused of scamming and grow the site, he just needs to do normal "Chapter 11"-like deals about payment schedules and try negotiate to his debts down.

After removing the link to the thread from the site and finally closing the thread here (just before major sport betting events) while not answering pm:s or emails, it does look like he has finally changed the sites business model to full scamming.

This might be a good example of the difference between a sportsbook and a casino.

A casino is pretty much a license to print money, unless there are some technical problems with the software or you are giving away too much in bonuses you will theoretically always make money whenever a customer makes a bet.

In a sportsbook you might have a great liquidity and a full department that actively manages the risk, but still lose money. If you are just copying the odds of someone else and don't do any risk management yourself you are just gambling, only with slightly better margins than the customers.

If you are investing in a sportsbook that you are not 100% sure is professionally run you are basically giving your money to somebody else and asking them to gamble with the money.

I agree with you...I'm sure he didn't want to take our BTC and run but why not be honest and say you lost the coins? Why come on and say everyone will be paid in 2 weeks and nothing happens? Why log in almost daily without saying something?!?

Now a major sporting event is coming up and thread closed to hide the fact he just doesn't pay....if it smells like a scam and taste like a scam it's gotta be a scam!

Looks like a pretty scammy situation.

Needs to be blown up and the person identified because thats a lot of btc unaccounted for.

They might not start off with the intention to scam, but risky investments or business practices might leave them out of pocket somewhere down the line and thus to default on payments might be their only option.

I pm'd him again asking for another update on my 26btc balance owed. http://www.bitcoinsports.eu/inv/67440

The last I heard via pm was the same kind of 2 week estimate in late dec.

Pm's and emails have gone nowhere. I've even asked him to tell me that he doesn't plan on ever paying me so I can move on....but nothing!!!!!

He's a scammer!

Finally got a response back:

"Your bet will be paid in full by the end of this weekend. I hope this time table is acceptable for you.

Please let me know."

Will keep you posted!

I have two 5.5 BTC investments, Bit has committed to payment dates of "by the end of February" for the first investment, and "end of march" for the second.

For anyone who is owed 1 BTC or more in payment, please speak up and post when you receive payment.

I'm still owed 4.2 btc from http://www.bitcoinsports.eu/inv/98926. I've PMed multiple times but no answer

If he's really running a true scam the investment option would probably still be left on the off chance that someone will still deposit. Somehow he lost the money and now I think he's trying to win them back.

That's too funny. What you gonna answer? No? It's not like any answer can effect the outcome anyhow

Do you think he has opened up another sportsbook under a different name for seconds? Clearly most should not be dumb enough to get burned a second time.

Have PM'd bit365 with the investment details again. Owed BTC8

i still maintain a sliver of hope that he is going to make good on his debts... I probably shouldn't but i can't help it - the eternal optimist

When will i learn that humans are not intrinsically moral, merely products of their moral upbringings?

He probably laughs himself to sleep and wakes up with a smile on his face...

http://www.bitcoinsports.eu/inv/24516 (http://www.bitcoinsports.eu/inv/24516) is my investment.  I settled on 50% which is just over 15btc.  It has been over 2 months and bit365 says he "hopes" to send a partial payment this weekend. I have learned not to get my hopes up.

I am happy to say that Bit365 made good on his promise to pay me by the end of the weekend.

Hang in there guys he might actually pay.

How much were you owed? Pls post a link of your bet/investment

EDIT: Nevermind, i found it in your last posts:

I did receive a partial payment.  I had an investment of 30.5 btc which I settled on 50%.  Bit365 sent 1btc which is definitely a sign of good faith.  Only 14 to go!  If this was really a scam he wouldn't be going through this effort

If you receive investments back, please remember to update the etherpad at

https://etherpad.mozilla.org/MZ3eG4apz2

For me, it's now 3 months since I closed my 10 BTC investment and I haven't even received a reply to PMs or emails.

Same here. 3+ months for my 4.2 BTC. Refuses to answer any PMs or emails.

A small partial payment isn't evidence of this not being a scam. He has to do a lot more than that to get my good will back. And closing threads full of unhappy investors doesn't help.

I haven't even wasted my time PM'ing him about my cashout. I only have about .5 btc on the line, so I can wait behind others for now. But I sure as hell won't be betting again until I get my cashout.

http://www.bitcoinsports.eu/inv/d27c1

Still owed 10.6 BTC from 10/21

Oh I agree completely.  Obviously more than meets the eye is all I'm saying.  I'm still down 29 btc from my investment so I'm not exactly thrilled.

Bitcoin Reviewer recently published an article about the scam: http://bitcoinreviewer.com/bitcoinsports-eu-scam/

So just before going to bed, i decided to check the wallet and it seems that ive recieved most of the funds from bit465


Thank you.

Can you put a bet slip, if applicable? (Everyone, please put bet slip links if applicable. Thanks)

I am the unfortunate owner of http://www.bitcoinsports.eu/inv/01e4d (http://www.bitcoinsports.eu/inv/01e4d).  I checked and had 1btc sent.  Bit365 has stated that I should receive 10btc by the end of the month. 

Any updates from someone here?

Bit365 said he'd pay back my 3.22 BTC investment by the end of February.  Nothing yet.

I have pm'ed Bit365 numerous times and have not heard back about payment yet.

http://www.bitcoinsports.eu/inv/d27c1

10+ Btc still owed.

Edit: I just got a PM from him with a payment schedule.

Hi, I just pm'd bit365 asking for payment on my cash out that i requested about a month ago.  The amount owed is 3.26.  I'll report back if i get anywhere.  Link is here:

http://www.bitcoinsports.eu/inv/ff69c

Update:

Looks like bit has paid me 2 BTC in two separate 1 BTC payments. Still owed 9 BTC.  Seems odd that i'm getting this before the timeline he expressed, but its a start. Anyone else receive a 1 BTC down payment on their owed balance?

Nothing so far.

Nothing here either. Still BTC8 outstanding...

Happy Valentine's Day Bit365.

I sent Bit365 a PM on Feb. 1st, no response yet on a 9BTC investment.

I've written a article regarding the recent funding shortages of Bitcoinsports/Bit365 a few weeks back:

http://www.cryptocoinsnews.com/2014/01/24/bitcoinsports-eu-funding-disaster/ (http://www.cryptocoinsnews.com/2014/01/24/bitcoinsports-eu-funding-disaster/)

Seems like my prediction was correct. ;)

Hey guys,

I made a bet 3 months ago and I still haven't been paid. The amount is fairly small in comparison with others, but still. Here's the bet slip link:
http://www.bitcoinsports.eu/bet/8485f

I will update and post in the thread once I get paid. Hope you all get your money eventually.

Edit: PAID 2014-02-28

Told me he'd pay me my BTC3.22 before March. Still nothing.

I have still only received 1btc from http://www.bitcoinsports.eu/inv/24516 (http://www.bitcoinsports.eu/inv/24516). Bit365 assured me he has not forgotten about me.  Then again according to his pms I should be paid in full sometime last december.  I am still owed 29btc.  3 Months overdue!  I will update if I receive another payment. 

Sounds like scam. Anybody wanna doxx him?

Five days left, haven't received anything.

I warned you all about these casinos and sportsbooks.  NOOO but I cant accuse anyone, well ya got what ya deserved, there all scammers.  If your playing against them is a scam!!!

They will not want to lose!!

He's pretty dox-resistant. I am not the world's best, by a long shot. But he does all the right things.

I have still not received any payment on http://www.bitcoinsports.eu/inv/d27c1

10 btc owed since January.

I have an IP address I believe to be associated with bit365, I suppose its a start:  23.16.65.184

That Canadian bastard! That location is pretty close to me.

Today, Bit365 paid me BTC1 of the BTC3.22 he promised.

https://blockchain.info/address/1G6WzJZEbJJqfcb7RaTCvP88oBCKSJAHDR (https://blockchain.info/address/1G6WzJZEbJJqfcb7RaTCvP88oBCKSJAHDR)

Hi Guys,

Just to inform you guys that he is such a LIER. Right one month ago this is what he pm'd me "Hi cityofgod, I believe enough BTC can be recovered to pay your bet in full by the end of February. I hope this timetable acceptable for you. Please let me know". and guess what ? It's the 28th of February and he still owes me 1.73 BTC which I guess is not a great deal for him but he still hasn't paid me yet. This guy just keeps making false promises which he can't even keep. I hope he gets caught for what he has done. This is unacceptable.

Allright, this one finally got paid:
http://www.bitcoinsports.eu/bet/8485f

Once again, hope you all get your money.

It looks like he is trying...

I wonder what the real story behind all this is

I'm happy to announce that I too got a payment right this second after a few months of waiting.

1 out of 4 BTC. Proof  https://blockchain.info/tx/78033e7d2d9f57ffbd98067fde0d4741ed26a81c02cd6b278e5a54330eb3bea9

Making small payments on a personal debt can buy you time.  It prevents people from getting very mad and trying to take you to court, get more info about you, and spread the word of what you did to the general public.  Over time, people also get weary and are liable to forget/forgive debts.  Just look in this thread how many people were owed one amount and settled for 1/2-1/3rd that amount.  That's pure profit for Bit365.  Also after a long period of time people think "well it's been so long, there's nothing I can do now".  It's pretty common for people to be strung along with small payments.

The problem is, it also looks the same as if someone was getting periodic payments (paycheck, ad revenue, ect) and was legit trying to make good on the debt.

Bit made another 1BTC payment to me on 2/27, 

now have 3BTC out of a total 11 BTC owed

Same here except I only have 2 out of 52 btc.  Bit365 said he hoped to have 10 out of the 53 by the end of feb.  1 is still better than 0, but I am still disappointed and upset.

Message from last month, I still have seen nothing. Owed 26btc since November. I should be at the top of the queue of people paid back. What gives? I've been nothing but patient.

http://www.bitcoinsports.eu/inv/67440

I've now received 1btc from bit365.

I also talked with BIT365 about one of three investment (total 9 BTC)that should have been paid in full like two week ago, but havent got any partial so far.

But i have still respect for the site that it is obvilus that they try to compensate as good as they can, and i buy the story about lost access to cold storage.
Cant see why they should pay any if it were a scam so i still belive thet have the best intention.

Still i hope that i am on the upper half of the bunch to get some partial payment, as i cant get hold of bit365 i am putting my three investment links here and will write as soon that i receive any part from them.

www.bitcoinsports.eu/inv/0fd37

www.bitcoinsports.eu/inv/62763

www.bitcoinsports.eu/inv/b459d

Best regards

You investments are still marked as open. Don't you need to close them first?

One (actually two strange enough this time)of them were open, was told to let them stay so for time been until first was resolved..

Best regards

Ok, it appears as though he's paying. "Trickling" might be a more appropriate word. But can we blame him if no one is gambling on his site?

I would like opinions from other users about whether we want to "cut this guy a break" and begin placing wagers again. This is an advance of trust, to be sure! I'm not naive. But obviously, no one will get paid, if there is nothing to pay FROM.

Bit365's communication is abysmal. His customer support is through the floor. But he is trustworthy, even though he needs a ton of nagging.

Evidence for Bit365's trustworthiness:

1) Uhh... he could have pulled the plug on the site very easily.
2) He said bitcoinsports.eu was never a scam and will never be a scam. (This needs constant re-evaulation.)
3) He seems to be actually reading the scam thread. BobGriffin3 complained (justifiably) in this thread and got a payment less than an hour later.

What do you guys think?

Has he been paying wagers? We could agree to start placing smaller wagers again. What do you think? (If you don't want to reply publicly, you can PM me.)

I haven't received a single reply to PMs neither a single satoshi from my investment which i withdrew in november...

Same here.  Sent a PM on Feb. 1st.  No response yet.

I'm happy to report I just received 1 btc from bit365. I do believe now he is trying his best to pay back everyone and that he is not scamming us.

I agree with with jj30, maybe we should start betting again. Trust is everything in this business, and when/if bit365 pays everyone back, his betting site could really prosper. I do hope his communication will improve and that he should be more open and honest with us. Sort of what busoni from poloniex did - https://bitcointalk.org/index.php?topic=499580.0 and not what karpeles did in mtgox situation.
I'm pretty sure the community will help bit365, if he is open with us.

Folks, if you have to complain loudly in order to get a small amount of "shut up" money (that is only a small percentage of the money owed to you), that is not "trying his best to pay back everyone".  If he was actually trying his best, you'd have gotten paid BEFORE you started openly complaining.

I have now also recived a partial payment, and remain positive and understanding. As i said even if many people are upset and thinking scam, for me that is for me proven that the owner really doing all he can to stick to his word.

And i buy the whole story about the lost access to funds in cold storage anything also wood make no sense, so creed for them in a btc-world full of real scammers.

I sent him a PM on 2/28/14 to see what's up and received a PM back the same day saying everything was working fine and I should be getting my payout, but that he would look into it and get back to me.  Still waiting and have received no further communication from him, even though I send him emails and PMs daily.

http://www.bitcoinsports.eu/bet/e102b

The site has turned into another Full Tllt/Ponzi scheme. If you're making bets there he might just use that to pay off the other people he owes.... dangerous.

Also if you give him sports action of course it helps the site:  IF YOU LOSE.  If you win the book still has to pay out...

Still owed BTC2.2 at 1G6WzJZEbJJqfcb7RaTCvP88oBCKSJAHDR (https://blockchain.info/address/1G6WzJZEbJJqfcb7RaTCvP88oBCKSJAHDR). Could really use my money back right now.

Just found this thread. Same story. www.bitcoinsports.eu/bet/63398

Received the messages from bit assuring me I would be paid in full and asking if the end of February was an acceptable time table. I was gullible enough to believe that I would get my 7.6btc back but lo and behold the end of the month has come and gone and once again bit is no longer responding to my messages. It is encouraging to hear that some of you are getting paid back however. Hopefully I will see that as well.

I'm not confident that you'll actually see all of your BTC back, I'm pretty sure he'll give you some just to pacify you but you'll never receive the full amount.

http://www.bitcoinsports.eu/bet/e102b

I noticed today that my wallet address is missing, but the bet slip now says "Received 5.8233 BTC", which is the proper payout amount.
My wallet 1KVJktroLTH83uSJEDeGs194H5QfPS68dH still has not received anything.

TxId: 70cfd18d6ce1e8bc0602c4a7f407f3eadd2f136b0c35200ea8deb83f31c53fd3
Wallet I sent payment to: 18TTrSnA6wzK1B44EueTmhaw8RUEfKBLL

http://www.bitcoinsports.eu/inv/d27c1

Still owed 10btc and have not received anything yet.

I would message bit365. This happened to me once.

bit365 told me he could make a partial payment by March 15th. Didn't receive anything.

Bit365 has ignored my messages for over a month.  The last time we spoke he said he appreciated my patience but that is all but gone now.  He still owes me 28 BTC from 6 months ago!

Yeah, I wouldn't bother having any more hope that he'll give you back squat. He's simply a giant asshole whose whole intention was to scam everyone when he first set out. Has anyone bothered to try and dox him yet?

Thats why he's been making small "shut up" payments.  So that people don't try to dox/sue him.

Yes. I was not able to determine his identity. I spent several days. I even tried that github project to show all bitcoin addresses belonging to a particular "address"... nothing.

Knock yourself out.

Orangewebsite may have the indentity, and it is almost certain the Telus has the identity (which they can likely determine from associated ip address 23.16.65.184).  While they are unlikely to release any customer information, if anyone were to open an investigation or file a report with authorities they could acquire it. 

Though I don't want to get too hasty, I still believe Bit365 is trying to make investors whole. 

On Cooling the Mark Out (http://www.tau.ac.il/~algazi/mat/Goffman--Cooling.htm)

Still owed BTC2.32 (http://www.bitcoinsports.eu/inv/96f00?destination=node%2F273642)

That's gotta be sarcasm, right?

Anyway, since everything is technically in the open (via the blockchain) couldn't a good forensic accountant trace the transactions until the coins get "cashed out"?  If you guys are serious about attempting to get some restitution, it may be a good idea to pitch in and hire a FA to try to figure it all out.

Waiting on a .5 BTC payout.

http://www.bitcoinsports.eu/bet/8dc01

28 BTC... Oh man, that must hurt.

He never reply my pm and its almost more then 3 months just because of this  now I never send him pm because I sure he not paying

still waiting on this http://www.bitcoinsports.eu/inv/59f84
I pm'd bit365 in january and he said it should be repaid by the end of february. I waited patiently and then I sent him a couple of pm's in march but he never replied.
his profile says: "Last Active:   March 18, 2014"

I've been paid 1 BTC out of my 9 BTC investment.  http://www.bitcoinsports.eu/inv/e2731

Interesting that he has adjusted the total on the investment page from 9 to 8.

At least he's keeping track.

Hoping for the best...

I'm just curious, when he pays you a small percentage of the money that he owes you, does he make the payment conditional on you posting laudatory things about the payment?  It seems like something he'd do.

Owed 51 btc.  Silence for a month from bit365. 

Always be careful in joining any bitcoin casino website to prevent getting scammed. If you are unsure about the website’s legality and reliability, look for its reviews or ask others about their experience about the site. Also, see to it that you read the entire terms and condition before hitting the submit button. For a bitcoin casino website, it is always best to go for a website with 100% provably fair system.

10 btc owed. 

Still nothing received.  He said he would pay half by 3/15 and hopefully the rest in April.  I have not heard any updates.

http://www.bitcoinsports.eu/inv/d27c1

he is coming on this forum regularly but now not replying any one and not paying any one enjoying money of us

Bit365 response to one of my inquiries about not being paid by deadline he gave:

"I obviously wasn't able to meet those deadlines but I feel I will be able to send another 1 btc paymen t within a week, then continuous 1 btc payments every few weeks as before."


I will confirm if I receive the 1 btc within a week.   It would seem, as hypothesized before, that the original BTC in cold storage was lost for good and all outstanding payouts are being paid from ongoing profits from the website.  The intent still seems to be to pay out everyone who is owed.

I wish I would have done research before betting with bitcoinsports.eu

I placed a .1btc moneyline wager on 4/2/14 on SEA +118 (www.bitcoinsports.eu/bet/80678). I won the bet but have yet to be paid out.
I have messaged bit365 and will be awaiting him to make good on this debt.

Sorry to say this, but I think you're a little too hopeful that Bit65 is actually going to do anything about this, he's already made his dash some months ago and has stopped responding to anyone - so it would be safe to assume he's sipping a martini on a random island. Tough lesson to learn is to never trust anyone - the worst scams have been the long cons.

So for everyone who is still under the delusion that they are going to get their coins back, how do you justify the fact that his site is STILL online and taking bets that aren't going to be paid out?

Did you eventually get paid? Betslip shows it's been paid.

Noticed they added a new link to http://www.bitcoinsports.eu/support-ticket - Haven't seen that before.

no I have not been paid

I have been paid the 0.218btc today

Is bit365 paying still can any one confirm he is still paying

I am pleased to announce that I have been paid by bit365. :D
good luck everyone on recovering your funds.

Paying debts that are a few days old before paying debts that are several months old?  WELL THAT'S A BAD SIGN!

Also: tx id for the payment please?

Still owed BTC2.32

I have not received any payment nor messages from Bit365.  I even asked to help him out with the situation. 

Looking more and more like we're all gonna get screwed.

you already got screwed, I'm sorry for that :(

Now I am 1000% sure we all got screwed because we have no chance of any payment and he is enjoying with our money

Also PM'd bit365 today regarding my unpaid betslip:

http://www.bitcoinsports.eu/bet/a86a0

expecting to get ~6 BTC

Good Luck with that... I've been waiting since November for ~7.6 btc... www.bitcoinsports.eu/bet/2da02

I message Bit every couple of weeks but have not heard back since January.

Bit365, if you could go ahead and pay me back the bitcoins you've owed me since November, that'd be grreeeeeattttttt.

http://www.bitcoinsports.eu/inv/96f00?destination=node%2F273642

https://blockchain.info/address/1G6WzJZEbJJqfcb7RaTCvP88oBCKSJAHDR

Forget it.  He hasn't been active here in 3 weeks.

If you want to badger him (whatever good that'll do) create a support ticket at his website.

He is gone, and so are our BTC  >:(

Anyone on this thread with Canadian citizenship?  We really need to file a police report in Canada (where bit lives).  We have enough information (server, IPs) to at least cause a ruckus.

Bump. Someone is trying to sell the Bitcoinsports PHP script too. 

Where are they trying to sell it?

Also, looks like the his is down at the moment.

Hi Bit,

I doubt you remember me. I was owed 7.6 btc from betting on your site many years ago. Obviously that is a life changing amount of money now. I was hoping you would consider helping me out. I'm getting married this year and if you could find it within you to pay this (or part of this) back, I would be forever grateful.

I'm assuming I won't hear back, but I truly hope you consider this. I have no ill feelings towards you and have forgiven you completely for this. I wish you the best moving forward, and hope you a lifetime of happiness.

btc address: 1Phbmn6Cn7PBE2DTwjErWtsPsgUrEgAaM2

Cheers