There are agents that will give players $100k worth of credit or $500k worth of credit at Pinny. If you get set up with this agent, you don't ask for their address and how long that they have been in business.
If someone is fronting me 500k, I'm pretty sure we both know a lot about each other. Good point. I should have used smaller amounts such as $1k or $5k. You aren't asking the agent for his information. |
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There are agents that will give players $100k worth of credit or $500k worth of credit at Pinny. If you get set up with this agent, you don't ask for their address and how long that they have been in business.
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Gogo- The easiest way to explain it is that when you are an affiliate, you get a cut of the net losses or volume depending on the package. The player deals with the book and not the affiliate. The book pays the affiliate.
With an agent, the player deals with the agent and not the book. For this reason, agent information is almost never available. Pinnacle deals with high volume. SBOBitcoin most likely receives a percentage of the volume that they bring to Pinnacle. The same goes for SBOBET. It doesn't have to be that way but that's my guess.
Since SBOCoinbet has a nice deal working with two of the biggest books without complaint, common sense says that they want to keep this deal. With the bitcoin books, at the first sign of trouble, you should be very cautious. They aren't dealing with close the volume and it may be better off for them to run wth your money.
Agents can be much more trustworthy than books although there are many rogue agents that will stiff you. It is their reputation that counts.
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With an agent, you work directly with the agent and all communication is with the agent. If you contact the book directly, they won't give you any information on your account.
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Some books may say that there has never been a problem with a payout. It's always been instant. Then I go and read 20 similar complaints here and elsewhere, I just toss out a lot of what the book says in that tye of situation.
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There is also a chart of bookmaker theoretical hold that will be posted. We all would rather have -105 instead of -110.
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Can anyone here describe how SBObitcoin actually works? It seems like they actually deposit your funds to a Pinnacle account which you then login to. So the risk in this case would be SBObitcoin taking money from the account and not paying you out, correct? New to this agent thing, and just trying to figure out the mechanics and risk involved.
You are 100% correct. SBObitcoin.com opens at an “A” rating surpassing Bitbook as the top rated place to play using bitcoins. SBObitcoin is an agent of the top sports books in the world in PinnacleSports, SBOBET and IBCBET. Players deposit bitcoins with SBObitcoin and they are then exchanged for your choice of Hong Kong dollars or Singapore dollars. The Asian dollars are then deposited into the sports book. The exchange rate of your deposits and withdraws will stay the same and not fluctuate. It takes 3-5 minutes for withdraws and six confirmations are needed for deposits. Live chat is open 24/7.
SBObitcoin has been in business for six months with bitcoin accounts and seven years overall. SBObitcoin states that they are one of the products of Ole Group Philippines Inc., and are licensed and regulated by the Government of the Philippines under First Cagayan Resort & Leisure Corporation.
There have been no reports of payout problems with SBObitcoin. Both Pinnacle Sports and SBOBET are top rated sports books in the world taking the highest wagers. Pinnacle takes the largest wagers on American sports while SBOBET takes the largest wagers in soccer. The book hold at Pinnacle is the lowest in the industry and SBOBET is not far behind. |
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One thing that I did is ask the book is if they had any problems with payouts. I didn't ask for an exact issue that they had although I knew that some did have a problem for one reason or another. It was refreshing to see the honesty of most of the bitcoin books.
Some book said there has never been an issue and there's nothing out there that I could find. Others said that they may red flag an account for suspicious activity and it may take up to 4 hours. A lot of it coincided with what's posted on the boards. Some said that there was a technical issue that caused delays. That was confirmed by what's out on the forums. Honesty is important.
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Gogo- There are many agents for Pinnacle Sports but you will not be able to personally find anything about them.
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Coinbet is another book that is transparent and you can get a lot more information. Most bitcoin books stay under the radar as much as possible.
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You'll never get any information on other agents with one exception. Gogo- I said one exception and that is SBOBitcoin. Agents do not exist with other books unless it's on credit. It's word of mouth. What information do you have on any of the bitcoin books? If you have something, then share it. |
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Use BitBook as an example. How long have they been in business and what type of research can you do on Bitbook? It's the same with almost all bitcoin books.
Most of the time, you go by personal experience, what it posted, what the book says and what's on google. Then you try to filter the truth from fiction. This is for the initial rating and it's far from a complete science. With SBOBitcoin there was more research done since it was available.
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.........I would like to find a credible agent for those 3 books (or any single one of them).
At this point I don't feel secure that sbobitcoin.com is the agent I'm looking for .........
Gogo- Agents don't exist for books unless you are playing on credit. This goes for post up books and bitcoin books. You'll never get any information on other agents with one exception. Some agents are highly respected because of their payout history. You still can't research the agent. It's word of mouth. |
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How would others rate the top 2 or 3 books and in what order? Listing the bottom 2 or 3 would also help.
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You want me to ask sbobitcoin.com where posters have posted about their experience using sbobitcoin.com? You have continually mentioned that sbobitcoin.com has a strong presence on the forums. I asked you several times if you can steer me to posts which users of sbobitcoin.com have made. You then tell me you're not a rep for any of the books, and I should ask them. Also, I ask you: "When you refer to sbobitcoin's presence on forums - Are you referring to bettors who used them posting about the experience, or to Sbotbitcoin making posts about their own service? If the former, where can I find those posts?" And you respond with the typically incomprehensible "just posting." It's unfortunate that this list of books is not being maintained by someone of at least average intelligence and with better than average communication skills. I also have really not heard much at all about sbobitcoin.com. I can think of like 5 other books with a lot more presence on the forums. Not giving anyone a hard time here, just stating my experience. I definitely don't take it as giving anyone a hard time. I got caught up looking like a lawyer for SBOBitcoin. They'll be downgraded if people have bad experiences with them. |
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Coinbet stuck their neck out with advertising on the Reuters board in Times Square. The backlash from this will have a lot to say for the future of bitcoin gambling. Coinbet is very well funded and seems to be taking the lead for the American market. I don't think it will be long before legislature will make a decision on bitcoin gambling in the US.
Coinbet is a great company, but $349 for a press release with an ad displayed long enough for them to take a photo doesn't really count as advertising in Times Square. They are the most transparent of all the bitcoin books. There are many articles and interviews in major publications. Nothing that you can't achieve with a press release. Thank you for taking the time to research books. I do agree with most of the ratings you've given.  Thanks. You do a great job too. |
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Coinbet stuck their neck out with advertising on the Reuters board in Times Square. The backlash from this will have a lot to say for the future of bitcoin gambling. Coinbet is very well funded and seems to be taking the lead for the American market. I don't think it will be long before legislature will make a decision on bitcoin gambling in the US.
Coinbet is a great company, but $349 for a press release with an ad displayed long enough for them to take a photo doesn't really count as advertising in Times Square. They are the most transparent of all the bitcoin books. Coinbet was interviewed and that article has passed around in many of the major publications. They are my favorite book to watch as far as progress. Coinbet started off green but they are learning on the fly and accepting poster suggestions. There's an article that stated they have revolutionary ideas and I'm believe them. |
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Charlie Robert - I would like to play at the 3 books which sbobitcoin is an agent for.
But the history of internet gambling is a history in many cases of people having their deposits stolen.
Transparency is needed, the more the better. Gogo - Not directed at me but BetPanAm, Aces Gold, Cascade. BetonSports. WSEX. Legends. Books that SBR had rated "A" and "B" at one time. These are books that were highly transparent that ran away with our funds. There is very little information on almost all of the bitcoin books. |
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I've been using nitrogen for a week or so now and have been pretty impressed with the set up. They seem to have more offerings then anyone else, they have a live chat which seems to be checked on by site employees periodically, 0 confirmation deposits which is great, and very fast payouts. The grading on unique bets (MMA, all star game, olympics, ect) is faster then on a lot of other btc books I've used, but still sometimes takes 20-45 minutes. Not ideal, but understandable seeing as they have to be manually graded and you can always bug them on the live chat and speed up the process. The only other downside is the small max bet, but the max bet for every event is clearly listed and apparently you can get your limits increased (I haven't tried as I've yet to have a need to wager over half a coin on any single wager). Overall it seems like a very solid book and I don't see any reason to not give them all of my btc action.
thank you |
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