Bet the NBA Playoffs Round 2! https://www.casinobitco.in/secure/bet-sports/nbaBrooklyn Nets
Miami Heat +330 / 4.30 -400 / 1.25 +8 -109 / 1.92 -8 -109 / 1.92 Over 192 -109 / 1.92 Under 192 -109 / 1.92
Portland Trail Blazers
San Antonio Spurs +250 / 3.50 -300 / 1.33 +7 -109 / 1.92 -7 -109 / 1.92 Over 207 -109 / 1.92 Under 207 -109 / 1.92 |
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Thanks for the votes so far!
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Hey guys!
Vote for the next new coin is still underway for 2 days - although it looks like DarkCoin will probably win -
Thanks for the kind words on the report. It's amazing to see how hard CasinoBitco.in has come. We plan to continue to work hard this summer!
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Hi Players- An email from affiliates@casinobitco.in went out today, notifying many of our valued players of a major comp in their CasinoBitco.in accounts for the month of April celebrating the addition of new games to CasinoBitco.in, and the successful acquisition of Bit777/Peerbet! Check your account/email today to see if you were one of our included players, or email support@casinobitco.in with your username to get added to the email database for future promotions. Thanks to the community for your support as we approach one full year with open doors! |
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Hey Just - We'll check into this. Odds at the moment:  |
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Is CasinoBitco ever planning on hosting poker? Just wondering, imo it would be a great addition since it seems like a lot of the biggest gaming sites in history have offered poker as well.
Hey Senor! Great question. It's something we've considered. What would be interesting would be if there was the option for bitcoin sites to begin joining a poker "network" to increase traffic. It's definitely on our plate, but not a core specialty of our company, so it's more of a secondary focus! |
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So is this 3rd party market maker only taking from sports profits? If they don't make us any profits then they get nothing right? What % are they taking? I'd also love to see a reply to my previous comment. Is a report like this doable? What about real world betting? I would love to see some numbers on the % of sportsbook winnings that are then turned around and lost back to the casino games. I think people are more likely to gamble their "free" money so the real sportsbook losses could potentially be lower. I am also wondering if we have any future plans to integrate some sort of real world betting on the site, much like the features on http://www.bitbet.us. Maybe this could help offset sports sharks? Hey Mr_E! I can run these #'s - will put on my list for this weekend. What do you mean by real world betting? Like "InTrade" style, or more like celebrity props? We can certainly check with our new odds provider, or we have the capability to make it happen - definitely something we can look in to. |
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Dear Havelock backers, We're happy to announce our March 2014 results. Full report may be viewed on Havelockinvestments.com, viewable here: https://www.havelockinvestments.com/reportdownload.php?id=74A few highlights from the report: 31.0581 btc in combined revenues - 8.8808 in operating expenses (based on btc/usd close) 22.1773 in operational profit (74 satoshi dividend per unit - 15.6% increase from January) View the report for -Peerbet/Bit777 Analytics Breakdown -Roadmap update for Bit777/CBTC -SEO focus -Move in the works to a third-party market maker & odds provider for our bitcoin sportsbook! We're very excited about our progress this month, and the growth and consistency of our business - which continues to show to show, bitcoin gaming is here to stay! |
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We've been operating since May 2013 and have great limits and odds and constantly improving - bookmark us! Be careful where you play - most bitcoin sportsbooks go out of business within 6 months. http://www.casinobitco.in/ |
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CASINOBITCO.IN (CBTC) ACQUIRES BIT777, PEERBET
CasinoBitco.in (Havelock Investments ticker symbol: CBTC) today announces the acquisition of popular Bitcoin Gaming properties Bit777.com, Peerbet.org, and Peerdice.org from Ultraplay, Ltd. Terms of the deal have not been disclosed.
CasinoBitco.in (CBTC) was the first Bitcoin-only gaming establishment to offer unique, provably-fair games along with a full Sportsbook. Operating successfully since May 2013, they offer HTML5 Blackjack, Roulette, Baccarat, Video Poker and Hi-Lo in their Casino.
Bit777 is a Bitcoin-only Casino, designed by Ultraplay Ltd, offering over 50+ flash-based games and have taken in over 1 million bets!
Peerbet.org is a popular community-based Bitcoin Gambling site offering chat, raffles, a proprietary “Wheel” game, dice, and more.
Peerdice.org, an offshoot of Peerbet.org, is a unique new community “versus” style dice game with only a 0.3% house edge. Players select their rolls and bet against each other on the site. Since launching February 1st, the site has already supported over 250,000 P2P games.
CasinoBitco. in first announced their goal of growth via an acquisition on Havelock Investments in December 2013. Since then, CasinoBitco.in has been in negotiations with Ultraplay and other Bitcoin Gaming operators looking for a deal favorable to all parties involved. Ultimately, the acquisition of Bit777/Peerbet was a the best fit for CasinoBitco.in not only due to the strong financials Bit777/Peerbet bring to the table, but also the opportunity to bring awareness of CasinoBitco.in to over 15,000 registered users on Bit777/Peerbet.
CasinoBitco.in is extremely excited to add Bit777/Peerbet to their current assets and eagerly looking forward to integrate all sites under the CasinoBitco.in brand
Ultraplay will continue some involvement in operations of the acquired properties for the foreseeable future, and there is no immediate impact to players on Bit777/Peerbet. CasinoBitco.in ultimately intends to merge many of the feature and functionalities between the various sites over the next 6 months to build the largest and best Bitcoin Gaming network around.
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Adding one point here -
We aren't going to limit winners across the board. Winners are more than welcome at CBTC! We just need to protect our bottom line from super-high volume pros.
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Who does everyone like for their card today? Come shop our lines for tonight! https://www.casinobitco.in/secure/bet-sports/nbahttps://www.casinobitco.in/secure/bet-sports/ncaab2014-02-08 19:05 San Antonio Spurs Charlotte Bobcats -195 / 1.51 +170 / 2.70 -5 -107 / 1.93 +5 -107 / 1.93 Over 192 -107 / 1.93 Under 192 -107 / 1.93 2014-02-08 19:35 Memphis Grizzlies Atlanta Hawks -103 / 1.97 +-117 / 1.85 +1 -105 / 1.95 -1 -115 / 1.87 Over 189.5 -107 / 1.93 Under 189.5 -107 / 1.93 2014-02-08 19:35 Denver Nuggets Detroit Pistons +105 / 2.05 -125 / 1.80 +1.5 -105 / 1.95 -1.5 -115 / 1.87 Over 216.5 -107 / 1.93 Under 216.5 -107 / 1.93 |
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Limiting "winners" is NOT a good idea. Anyone who understand variance knows that if you have 1000 bettors -- a certain percentage will appear to be "winners". If you limit them, they can leave... create negative press (CasinoBitco.in DOESN'T WANT WINNERS)... and take their winnings somewhere else where they will eventually LOSE back their "winnings".
Estimates are that 1% of gamblers are long term winners (Solid data coming from friends who have worked in sportsbooks for years).
CasinoBitco.in hasn't been business for more than a few months and they are already "capping" winners? This is ridiculous. 95% of who they think are "winners" are probably just having a good run. They are kicking the "profits out" by limiting them from my experience in the industry.
People here have mentioned "Pinnacle". They are the KINGS because they don't limit "winners". They use "winners" to sharpen their lines. And a lot of "pro wannabe gamblers" just won't play in a site that "limits winners" -- they want to feel like they can just keep on winning.
Will a few sharps get in there? Sure... But will the sharps consistently win over time? Very, VERY rare. And if they do it's part of the game.
The bitcoin book that models Pinnacle will win. Anything else will go to the grave.
While I agree with your sentiment, 2 points I'd make here: 1 - As we develop the capability to adjust our lines and limits to better balance action, we'll be able to operate moreso on the Pinnacle model. However, we're still a few months out here from being able to do everything we want to do. 2 - We do happen to be dealing with some of that "1%" professional, winning action - that is certain beyond a doubt (hard evidence here) - and we're assuming the other bitcoin books are as well, thus the lower limits and worse odds over the past few weeks. So, some action is necessary. |
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Most sportsbooks make 5-10% profit over time -- the exception is Pinnacle which has higher volume and sharper lines. I hear they make 3-5%.
Our #'s show about 4%-4.5% for Vegas - about equal to standard -110 vigorish - and a little lower online. With reduced juice, a good target is 3%. However, there are some profitable bettors who need to be monitored to hit that. |
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i'm really worried about the sports book, especially if your lines arent from pinnacle.
because the sharks are entering bitcoin and finding out that they can bet anonymously.
Agreed 100% - we found this out early on - and it's my suspicion some of the other books are suffering sharp losses lately. I can say the sharpest of sharp non-bitcoiner professional sports gamblers are now in the mix. However, we're working hard to counteract sharp players and have responsible dynamic limits. I can say our lines are very sharp - and we prefer to be as different from the other books as possible - thus the non-Pinnacle lines in some cases. The expectation currently is a 2% ROI on sports. |
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Any plans to add golf? I LOVE BETTING ON GOLF!!
Doable! |
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