Legions36,

You raise some interesting points.  I’ll try to respond to them.  

The term “agent” is a confusing a term within this industry with a mostly pejorative connotation.   The truth is an “agent” can be bookmaker with hundreds or thousands of customers, booked through a site he has contracted to do service/write his customers or it can be a little guy who operates at the bottom end of the food chain, meeting up with small number of local players hoping to extract a small percent of player losses.  In the case of all the sites on the Cointeller Network, the accounts are being booked by large, established bookmakers with a very large customer base.  In the future, I will probably be more inclined to describe our bookmakers as “pph bookmakers” as opposed to “agents.”  Both terms are accurate but the term “agent” is confusing and unnerving for many.  The owners of Cointeller.eu as well most of the bookmakers on the Cointeller Network have been in the offshore industry for over a decade.  Many of these individuals have worked with one another for years.  There is not a bookmaker on the list that Cointeller does not feel comfortable guaranteeing.


Additionally, you will not see any large bet sizes or ridiculous bonuses.  Initial maximum bet sizes will be in the 4-6 BTC range.  This will grow in time.  At the moment, no bookmakers are allowed to offer a bonus to players on the Cointeller Network.   There are a few pph bookmakers who are willing to offer a introductory bonus and others who are dead set against it.  Allowing bonuses to be offered by a few pph bookmakers is a a real disincentive to other potential bookmakers Cointeller is currently negotiating with.   At some point, small, on-time time bonuses will be allowed .   Cointeller is focused on gradual sustained growth.

 We realize trust is not awarded without a spotless history of prompt payouts and excellent customer service.  In the months and years to come, you will see more established, well known books appear and a lot of “bobo” books.  There is no difference in terms of risk associated with any of these books.  We realize some players like to see more well known books, while other (mostly sharp) players desire off-screen pph offices with unique numbers.  We believe Cointeller offers something of value for all types of players.  

You sound slightly skeptical.   I understand that you don't have a great deal of faith in our roster of books.  If Cointeller.eu this was a scam, it is a truly horribly organized one.  We have not offered a single bonus to anyone and, by design, we have very small limits.  There is no incentive for anyone to keep substantial funds on deposit with us (no one trapped with rollover requirements, etc). Everything we have done so far, every decision made, is focused on slow, methodical growth and the development of trust in the Cointeller concept.

Peeps, I just came across this site here:

http://www.asianconnect88.com/

Have you ever heard of them? They appear to be some sort of introducing agent and they also accept Bitcoin!

Sorry, did not see your questions.  

Yes, of course we will pay in the event a book can not. As a matter of fact, you would never know there was an issue with that bookmaker because the Cointeller VIP Host transfers all BTC balances from sportsbooks to Cointeller.  This process occurs 7 days week and the sportsbooks themselves are not involved with this process.  Each deposit/withdrawal a customer makes has an inverse transaction on the sporsbook's Cointeller account.  If unable to maintain a positive balance, the sportsbook will be removed from the Cointeller Network.  In this scenario, all BTC balances would be returned to a customer's Cointeller wallet.  

This guarentee is the MOST IMPORTANT part of the Cointeller product.  The moment one customer is "slow paid", or "no paid" , the Cointeller reputation is permantly broken.  Cointeller will not let one customer go unpaid.