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Title: Chain-Bet.com - Not paying out winnings Post by: mdexm on October 13, 2019, 06:11:19 AM Backstory:
Chain-Bet.com has been around for several years now. The original advertisement topic on this forum was posted May 30th, 2016 and the site has generally been regarded as legitimate, the only real complaints seem to be when the house edge was changed. The game is simple and trustworthy in that the player picks the last number or letter of the block their deposit gets confirmed in to win back 15x if it's a match. Since there are 16 possible results, a 15x return is a very high, but still acceptable house edge (in my opinion). When I'm gambling, I tend to prefer poker, blackjack and the sportsbook - I think Chain-bet struck a chord with me since it's similar to sports betting in that the result is delayed which lets the anticipation swell up. On Nov 13th, 2017 they changed the payout to 10x, which basically killed the site once players clued into the house edge on that. Last week I was randomly thinking about the site so I went to see if it was still around and saw they'd done a few UI updates and the payout was returned to 15x. This change was announced here on Bitcointalk in their thread, as well as their twitter account back on March 15th, 2019. Incident: On October 7th, 2019 at 7:52am UTC I placed a bet of 0.005 BTC that the last number/letter of the next block would be a 1. Block 598263 confirmed my bet as a winner, and my payout was to be 0.075 BTC. After a few confirmations the website displayed my bet as a winner and shows the payout as pending. It's now been 5-6 days since my bet and I've since learned that the site owner has all but abandoned this project. I don't have much hope on getting paid out at this point. I would caution others that this site still accepts deposits, and you won't know anything is wrong until you actually win. Old users like me might repeat this mistake... If he does not return and acknowledge this I would advise mods to close his thread with this warning. Relevant links: Website: https://www.chain-bet.com/ (https://www.chain-bet.com/) Bitcointalk Thread: https://bitcointalk.org/index.php?topic=1492457.0 (https://bitcointalk.org/index.php?topic=1492457.0) Site owner: https://bitcointalk.org/index.php?action=profile;u=842034 (https://bitcointalk.org/index.php?action=profile;u=842034) Twitter: https://twitter.com/Chain_Bet_/status/1106617393353089025 (https://twitter.com/Chain_Bet_/status/1106617393353089025) Bet confirmation: https://i.imgur.com/A148qs5.png (https://i.imgur.com/A148qs5.png) Title: Re: Chain-Bet.com - Not paying out winnings Post by: DarkStar_ on October 14, 2019, 01:35:54 AM It seems like it was finally paid out: eb6feb4f85a317218cd5800f3121eef842771faa81a8509045b03f0f0c8cf4a9 (https://www.blockchain.com/btc/tx/eb6feb4f85a317218cd5800f3121eef842771faa81a8509045b03f0f0c8cf4a9)
There is another recent bet that has gotten 12 confirmations as of this post and has not been paid though: https://i.imgur.com/UhKWgVE.png I wonder what the issue is. Would be nice to get a response from them. Title: Re: Chain-Bet.com - Not paying out winnings Post by: bruboi on October 14, 2019, 08:44:37 PM It seems like it was finally paid out: eb6feb4f85a317218cd5800f3121eef842771faa81a8509045b03f0f0c8cf4a9 (https://www.blockchain.com/btc/tx/eb6feb4f85a317218cd5800f3121eef842771faa81a8509045b03f0f0c8cf4a9) There is another recent bet that has gotten 12 confirmations as of this post and has not been paid though: I wonder what the issue is. Would be nice to get a response from them. This winning seems like it is now payed out as well. |
