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Thanks for feedback, good to hear other people's thoughts!
Just out of interest, what would you say are "huge bets" in the bitcoin sportsbook market?
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I've just noticed that BetBTC.co has switched away from the exchange model and is now a straight up sportsbook. Interesting move, but disappointing to see so little love giving to us exchange users crying out for somewhere we can trade sports with BTC. More details here on the switch here: https://bitcointalk.org/index.php?topic=856175.1840Not a massive surprise, given how little money there seemed to be up there. Interested to see reaction, will check out thread now. |
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Early cash-out would be a nice option like they have on several prominent Sportsbooks. It can really save you in matches where the team you bet on is leading but you are quite sure they will somehow mess it up. Is there a blockchain sportsbook that offers early cash-out?
Best solution would be a BTC betting exchange. That way you can "cash out" for as little or as much as you want (by laying back however much of your stake as *you* choose, in-play) . But there's nothing fit for purpose. |
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Both Fairlay ( click for link) and BetBTC ( click for link) are sportsbooks and also betting exchanges, though I've personally never used either of them and they don't seem to have a lot of volume from what I can see right now. I don't currently see any active scam accusations against either site so they should be safe to use (BetBTC's thread dates back to Nov 2014 and Fairlay's to July 2014), though please feel free to correct me if I am wrong. I signed up to Fairlay just this week and had a few bets. Initial thoughts: - easy deposit process (that's crypto for you) - one of the most confusing UIs I have ever seen - messy, busy, over-featured betslip - doesn't match up to the standard exchange experience at all - no in-play betting (!)... did I miss something? Any others have feedback (good or bad) on Fairlay? Would love to hear that it was just me, but right now this is not fit for purpose as an exchange product. |
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Completely agree re the api access,an exchange where you havent got it is pretty much an exchange in name only!
The ability to make real time decisions and react to them instantaneously is pretty much the whole user exchange experience in a nutshell for me personally otherwise like you arco and sy id just be using sportsbooks(or an exchange as a glorified one)
I dont think ive acome across anything so far that matches the betfair/matchbook/betdaq exchange user experience in cryptoland.
Yeh, that's the big miss for me. API access means a whole load of profitable strategies come into play. Without API access, it's more or less just another sportsbook. |
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Have you been to a real casino recently? You can't gamble with a penny. Maybe you can on some slots.
However if you want to play a game like Poker, Roulette, Blackjack they all got min bet amounts. So basically if you go to a casino with $5 you won't stay there too long.
With most crypto casinos you can bet with like 10 satoshi or so, some even offer 1 satoshi bets. Actually some even let you bet with 0 Satoshi.
So his point is correct that it makes gambling more affordable since the limits are much much lower.
This is actually a very good differentiator between fiat and crypto gambling. |
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Unfortunatley matched betting and betting exchanges are not available in my country and somehow I can't signup to the british websites that offer such services.Those are the "easiest" betting strategies if you ask me.Doing affiliate marketing for betting websites is too competitive and you have to pay for advertising/traffic.
It's frustrating that betting exchanges aren't accessible for many people, and especially that they are not really available for crypto betting. Agree with you that affiliate is really really hard work (not that I have any experience, but I assume it is a very dense, low-margin industry unless you are operating at scale). |
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~ Anyone heard of Better Collective? They are sports betting affiliate and just did an IPO (not ICO!). So there is big money there.. but I guess the small guys are getting squeezed out... as usual.
I've never heard of Better Collective before, so I googled it, and from what I saw, it's a company that specializes on providing various useful information for online gamblers, such as which gambling site you can trust, where you can find better odds for the event you are interested in, betting tips etc. Better Collective *are* affiliate marketers. Like most big affiliate marketers these days, they try to attract users by providing good content (info, tips, reviews, etc as you say). And then they refer these users to open new sportsbook accounts.... and the sportsbooks give them affiliate fees in return. But I don't think they can help you in getting more affiliates(those you can passively earn from) because this is a field where no-one can help you except for yourself.
No, you're right - because they are trying to get the affiliate refers for themselves... that's how they make money! |
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...also FIAT is heavily against the use of cards for use with gambling, it causes problems maybe even has an effect on credit score.
This is a very good point. The number of times I have had my cards frozen by the bank due to gambling deposits... insane. |
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The days of anonymity are over. All the casinos make you do KYC for large withdraws now. There may be a few left that don't but they are sketchy and are likely to just keep your coins in the end.
What counts as large withdrawals? How much, roughly would you say? Also, why are more and more casinos insisting on KYC? They know customers don't like it, so they must be getting pressure from authorities for AML reasons. Or? |
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Interesting comparisons, but SyGambler makes good points. Agree generally that Bitcoin sports betting still has space to mature, and not just %s.
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~
The income will also vary because not all people using big money to gamble but the chance to make a big buck will always there. But personally, I cannot imagine if he/she can get 0.01btc/week because that is a nice passive income if he/she can get that money from affiliates. I am curious too like you.
There are different terms regarding referrals on various sites, but normally your affiliates have to wager around 10 BTC so that you could earn 0.01 BTC from them (0.1% of wagered amount) . Some sites offer better percentage (0.4% of wagered amount) but they have higher house edge too so people are reluctant to play there a lot. Anyway, 10 BTC/week is something hard to imagine for me, because I wagered only around 1.5 BTC on PD during several years of being there. So, yeah, we'll see what's IMark's reply is going to be like. Interesting info about affiliate, thank you (and previous posters). This is not something I have expereince with, but it seems to me that you need to find a way to scale this up for it to be worth the time. And there are so many big actors doing this now. Anyone heard of Better Collective? They are sports betting affiliate and just did an IPO (not ICO!). So there is big money there.. but I guess the small guys are getting squeezed out... as usual. |
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Basically calculating what you gamble is easy no matter what coins you use to gamble as long as you know the value of the coins.
This is surely true. |
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Random signals / predictions, as what I've been saying it's up to you and you can stick to them if you wish.
Whether in thin times or thick times, it's always your decision to follow them or not through those times.
Where does one get these random signals from? Do they buy it or predict it themselves? I believe random signals are as random as they can be and one doesn't need to depend on them when your precious money is involved. Its a different thing if you're getting them from legit sources. It's the guy that connected "thick and thin times" to random signals from a tipster. Yep, random signals as random that you can't depend on it. If we decide to use your approach to tipsters, we'll need to find a second tipster to tell us if the first tipster is in a thick or thin time  I think you really misunderstood the 'thin and thick' thingy I mentioned. But if you think that approach is going to have a better result, you may do as you please. Yes, I don't really understand your point about following tipsters in thick times and then not following them in thin times. I can't see how this can be a good idea. But maybe I am misunderstanding you. Regardless, nice discussing with you and good luck to you in the future! |
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Random signals / predictions, as what I've been saying it's up to you and you can stick to them if you wish.
Whether in thin times or thick times, it's always your decision to follow them or not through those times.
Where does one get these random signals from? Do they buy it or predict it themselves? I believe random signals are as random as they can be and one doesn't need to depend on them when your precious money is involved. Its a different thing if you're getting them from legit sources. It's the guy that connected "thick and thin times" to random signals from a tipster. Yep, random signals as random that you can't depend on it. If we decide to use your approach to tipsters, we'll need to find a second tipster to tell us if the first tipster is in a thick or thin time Now, it's getting complicated. One thing I can conclude from this, you really have no assurance also from those tipsters. Just stick to your bets and not depend on these people, where the main aim is also to earn money. I pretty much agree with this. It *is* possible to find profitable tipsters... but not easy. And then you have to *stick* with them, through thick and thin... because you don't know when the thick and thin periods start and stop! I used a tipster once, many many years ago... it was a good lesson. I will never use a tipster again. |
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Random signals / predictions, as what I've been saying it's up to you and you can stick to them if you wish.
Whether in thin times or thick times, it's always your decision to follow them or not through those times.
Where does one get these random signals from? Do they buy it or predict it themselves? I believe random signals are as random as they can be and one doesn't need to depend on them when your precious money is involved. Its a different thing if you're getting them from legit sources. It's the guy that connected "thick and thin times" to random signals from a tipster. Yep, random signals as random that you can't depend on it. If we decide to use your approach to tipsters, we'll need to find a second tipster to tell us if the first tipster is in a thick or thin time |
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I'm not sure I agree. I think if you have taken time to choose a good, profitable tipster, you should probably just stick with their tips. If you mix in your own research.... then you'll end up sometimes not following the tipster... which makes it all pointless.
You can always stick to them in thick and thin times. It's just a tip that I've said that you can do your own research and not fully depending on them. At the end of the day, you are still the one to decide whether you want to follow him or not. Er.... how do you know when the thin times are coming and stop following? And... how do you know when the thick times are coming back and start following again? In thin times, if most of their predictions aren't going to your expectations. Thick times, when you have been part of his successful predictions because you have been following his picks. Thick times follow thin times randomly... and vice versa. If you use that line of thinking you will always be reacting to random 'signals' (i.e. non-signals)... |
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Dogecoin actually feels like "play money with extra spice"... if you know what I mean.
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I like to used doge, its is easier to used doge without need to calculate the digit
I was trying to work out why Dogecoin is so popular for some people to gamble with. You give a good reason - you can use e.g. 100 Dogecoins to gamble with, which is easier for our brains to understand than e.g. 0.000230 BTC. I suppose also Dogecoin has been around for a long time, and was once very popular, so people have a history of using it which persists even today. |
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As long as there is real online or casino gambling that can be played, I think gambling will still exist even if it's illegal.
it's not easy to remove gambling even though online gambling sites are blocked hard with great people, but there are many great people there who will make new gambling or unblock online gambling.
and just like real casino gambling, even though it is illegal and risky if caught and imprisoned, they will continue to play secretly or hide.
so to be able to stop gambling is not because it's illegal or legal, but there is a person's intention to stop seriously.
In the age of the Internet, prohibiting anything is very stupid. It seems to me that it is better to let people play gambling in ordinary casinos than on unverified sites where it is impossible to control the honesty of the loss of rates. In general, I agree with you. Ban the truly terrible stuff (murder, slavery, etc) and all the stuff where you only hurt yourself... just let people do it, and by making it legal you probably make it less likely that they hurt themselves! (e.g. gambling, drugs). |
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