Bitcoin Forum
August 12, 2022, 12:41:21 AM *
News: Latest Bitcoin Core release: 23.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: [1]
1  Economy / Gambling discussion / Best crypto gambling sites that accept players from USA! on: July 29, 2021, 12:36:37 PM
While crypto gambling is supposed to be open to anyone from anywhere, the reality (as we all know) isn't quite the same.

Players from USA will regularly find certain sites to be blocked in their location.

You can of course use a VPN to get around this, but one often hears stories of bettors having their accounts closed and funds seized if they do this and are asked for ID. A scary thought.

So, after much research, we've come up with the best safe places you can play as an American. Here's what we found:



Of all the crypto gambling sites we recommend, 10 wouldn't allow American players, 5 would and 5 turn a blind eye to VPNs.

If you want to read our recommendations in full, you can do so here:
https://bitedge.com/blog/crypto-gambling-from-the-united-states-of-america/

Any American players struggling to find a crypto sportsbook give me a shout and I'll be happy to help.

Good luck with your bets!
2  Economy / Gambling discussion / Crypto Gambling Licenses - What they actually mean on: June 25, 2021, 12:47:40 PM
When looking to sign up to a crypto sportsbook or casino I often take comfort from the fact they have a license. However, I've never actually looked into what those licenses mean. So I did a bit of digging and found out some very interesting information.

The licenses basically mean nothing!

I looked at 4 different licenses; Curacao, Malta, Costa Rica and Montenegro.

The vast majority of operators have the Curacao license which has a cost of around $36,000 as a one-off upfront payment, then its $6,000 a month every month for the first 2 years, which is a grand total of $180,000. This license is basically the bare minimum. In fact, a condition of the license is that the operator can't operate in Curacao - which should speak volumes.

BetBTC is the only sportsbook to have a Costa Rica license. Although this "license" is basically just a company registration.

Cloudbet is the only sportsbook to have a Montenegro license. This is the only license which does carry a bit of weight, so fair play to Cloudbet. It costs around $390,000 and does have a regulatory body which will look into your complaints.

The Malta license as its too expensive and too much work for a bit of paper that carries no real weight or protection for players.

If you're interested, you can read the full report I wrote here:
https://bitedge.com/blog/crypto-gambling-licenses/

Do you think someone needs to offer a legit crypto gambling license to give consumers more protection? Or are we ok where we are know?

Disclaimer: A lot of these sportsbooks and casinos have operated for years and have integrity. Having signed up and played at a lot of them, I've very rarely if ever had any issues. This is purely just to show you what lies behind the licenses they have.
3  Economy / Gambling / Crypto sportsbook with highest max bets revealed on: June 04, 2021, 03:14:50 PM
If you're a high roller, it can often be frustrating to not know how large a bet you'll be offered until you actually place the bet.

Customer service staff aren't able to help - not because they are withholding information from you, but because they genuinely don't know what each customer's max bet will be.

After a bit of investigation, these are the max bet I was offered with the main 3 sportsbooks:



A newish anonymous account was used for the above test. Limits at the same sportsbook vary widely from bettor to bettor depending on how risky your account seems to the sportsbook.

I did write about this here - https://bitedge.com/sports-betting-guide/high-roller-crypto-betting/ - feel free to check it out if you're interested!

I hope this helps any big bettors looking to make a decision on a crypto sportsbook.
4  Economy / Gambling / When is it profitable to bet for the TrustDice Jackpot? on: May 28, 2021, 01:20:38 PM
With a jackpot which increases until it's won, TrustDice's big prize will allow for mathematically profitable betting.

We've ran the numbers and worked out exactly when you should be looking to get on this.

When working this out, we looked at two methods:

* Method 1: Estimating the cost of rolling enough times to win
* Method 2: Finding where expected value is positive

From this we worked out exactly:

* How big the jackpot needs to be for you to be profitable
* What your stake should be
* How much you should be in line to win

If you're interested, feel free to have a read here - https://bitroll.com/crypto-dice-guide/when-is-it-profitable-to-bet-for-the-trustdice-jackpot

As always, feedback is welcome!
5  Economy / Gambling / Positive Expected Value Bet Alerts - Get an edge on the crypto sportsbooks on: May 18, 2021, 01:25:16 PM
Here's a helping hand for anyone trying to beat the bookie long term.

Weve created an instant email alert which detects value bets.

We find outliers where one sportsbook offers significantly higher odds than the rest of the market. These are positive expected value bets, so youll have an edge on the sportsbook and a good chance at long term profit!

The last 6 alerts have given the following expected value:

+8.89%
+7.29%
+8.08%
+7.15%
+7.13%
+9.99%

This is all a completely free service. Full information and sign-up form can be found here - https://bitodds.com/crypto-value-bet-alerts/
We also tweet the alerts here - https://twitter.com/Bitedgecom

The alerts come from the following crypto sportsbooks; Cloudbet, Stake, Sportsbet, Nitrogen, BetBTC and Betcoin.

Any feedback is welcome, and I hope you can be a successful long term bettor our the alerts!
6  Economy / Gambling / Cloudbet, Stake or Sportsbet - Which is best? on: April 21, 2021, 11:47:06 AM
The crypto sportsbook game looks to now be dominated by three clearly superior sites; Cloudbet, Stake or Sportsbet. There are other good sportsbooks around, but these three are on another level in terms of promotions, usability, customer service etc.

But which of the three do you prefer and use yourself? Or is there another sportsbook you prefer?

The biggest problem arising with the big boys is the slow creep of KYC and other regulations. The lack of these regulations is obviously a huge positive of crypto gambling in general so is the detriment of these sportsbooks to lose that.

I did write this to show the differences between the three - https://bitedge.com/blog/cloudbet-stake-and-sportsbet-are-lightyears-ahead-of-the-rest/

If you're struggling to pick give it a read and it may offer some clarity.
7  Economy / Gambling discussion / Do I need to pay Tax on my Crypto Gambling Winnings? A guide on: March 09, 2021, 08:37:41 AM
A common question that I see asked is "do I need to pay tax on my crypto gambling winnings?".

I decided to write an explainer for anyone in any doubt, feel free to give it a read here:
https://bitedge.com/blog/crypto-gambling-taxes/

Explained within are:

- Which countries tax for crypto gambling winnings
- Which US states are better to gamble as part of a business rather than personally
- How to calculate any capital gains
- Capital gains tax rules in different nations

Let me know any comments on the rules, or any experiences you've had which may benefit myself or others.

Hopefully this make crypto gambling a little bit easier for people!
8  Economy / Gambling discussion / Crypto Gambling and Fantasy Sports - A Gap in the Market? on: March 01, 2021, 01:40:00 PM
Being an avid fantasy sports player myself, I was a bit disappointed to see no crypto sportsbook offers fantasy sports betting.

There's a huge market for fantasy sports when using real money (DraftKings, IPL Fantasy Premier League) and even free games (Fantasy Premier League), but no crypto sportsbook has taken the lead and offered anything of the like.

Looking at the demographics of fantasy sports, it's predominantly played in countries where sports gambing is banned. For example, in USA and India fantasy sports get around gambling laws, allowing users to experience the thrill of betting. Does this mean people who are allowed to bet aren't too bothered by fantasy games? If so, I can see why crypto sportsbooks haven't put any effort in here. As they allow anyone anywhere to bet, customers would just head straight for the standard sports markets and there wouldn't be such a big appetite for anything fantasy related.

On the other hand, a critical market for crypto sportsbooks are places where sports betting is banned. One way to target such markets is to offer things they're more familiar with, for example fantasy sports markets and games.

Surely this is a big gap in the market which a sportsbook can pounce on? I'm surprised no one has of yet.

Do you think fantasy sports are just be a phase that have already peaked? Or are they hear to stay - and if so why are no crypto sportsbooks offering anything here?

If you're interested I did write a blog post going into greater detail about this here - https://bitedge.com/blog/fantasy-sports-with-crypto/
9  Economy / Gambling discussion / Crypto Gambling Weekly on: February 19, 2021, 08:57:22 AM
Hi everyone,

Gambling through sportsbooks and casinos seems like a great use case for Bitcoin (and other cryptos) at the moment.

It allows people from countries with strict gambling laws to play with no worry of punishments. It also allows successful gamblers to play without account restrictions placed on them - as they would get at fiat sportsbooks - and a whole host of other benefits.

As this sector is growing fast, I thought I'd write a weekly update about the developments in the crypto sportsbook/casino world.

Feel free to check it out and let me know your thought (there are a couple bets to follow in there too, if that's your thing) - https://bitedge.com/blog/crypto-betting-weekly-19-feb-2021/

Do you guys think gambling could be one of the main catalysts for Bitcoin becoming more widely adopted?

Thanks!
Pages: [1]
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!