Agree/Disagree Bitcoin is the for high limit sportsbetting in the US?

[viking02]

Do you agree/disagree with the statement?  As many of you know, the us has lot of restrictions when it comes to gambling such as online poker and sportsbetting.  Basically if you are outside the usa, you most likely have options to play on all the poker sites and sports betting sites.


For sportsbetting, pinnacle is pretty much the top sportsbook in the world.  Then you have betcris/bookmaker and a lot of other books.  In the USA, you are limited.  Its bookmaker, 5dimes, heritage, betonline, youwager, bovada.  Back then before bitcoin, there really wasn't a way to get a lot of money online.


For example, let say someone who wants big money wants to bet online in the usa.  Well unless you go to a casino, the only book that takes big bets in the usa online is bookmaker. 5dimes, heritage, betonline, youwager, bovada all takes bets but they don't take big size bets.  So im wondering.  Think about guys like Billy Walters or even those guys that bet bigger amounts of money on sports.  Let say a guy bets $2000 per game.  That is already a lot of money.  Before bitcoin, almost all us sites you cant really even deposit much.  I believe bookmaker takes bank wire deposits/withdraws so basically that is the only option for someone that bets big. 


With bitcoin, do people agree that anyone that wants to bet big money in the usa can do so?  All sites like 5dimes, heritage, betonline etc take bitcoin.  And with bitcoin, you deposit via bitcoin, get credited amount in account and bet.  Then when you withdraw, you withdraw in bitcoins...then you withdraw it into bank account.  Doesn't that mean guys that bet big amounts... bitcoin solves everything?  Because from what i read, the big bettors bet on betcris and pinnacle.  And with bitcoins, you won't have issues depositing any amount or withdrawing it seems.  I know they have a limit per transaction but still... before bitcoin, options were limited.


Does anyone here feel bitcoin solves this issue?  Its just amazing because back then, almost all books besides bookmaker in the usa, there really wasn't much ways to deposit $5000 into their site.

[viking02]

i like to have the title changed to


Agree/Disagree Bitcoin is the solution for high limit sportsbetting in the US.


Would you guys agree/disagree with this?

[ajaxmoor]

Yes, thats true for any country. But is it best to do high limits on bitcoin ? While I personally trust a lot of bitcoin sites, I still won't bet really high amounts on a bitcoin sportsbook, just because they are mostly not licensed and fighting a legal case wouldn't get me anywhere.

[viking02]

Well heres the thing.  If you bet on nitrogensports, you are betting with bitcoins.  So your bets on not straight up amounts.  For example let say you have guys who bet big and want to bet $5000 a game.  If you are the in the usa, there are not that many books that take big bets besides bookmaker.  5dimes and betonline takes bigger bets.  Then you have heritage and bovada etc.  But with bitcoin, when you deposit into bookmaker, 5dimes, betonline etc... they automatically convert it to bitcoin.  And cashing out is the same.


So that to anyone that bets online is huge.  I really felt that bitcoin solves the sportsbetting moving of money in the us problem.  Of course usa players cant access a few other books.


The thing is the rest of the world can bet with any book. 

[ajaxmoor]

Well heres the thing.  If you bet on nitrogensports, you are betting with bitcoins.  So your bets on not straight up amounts.  For example let say you have guys who bet big and want to bet $5000 a game.  If you are the in the usa, there are not that many books that take big bets besides bookmaker.  5dimes and betonline takes bigger bets.  Then you have heritage and bovada etc.  But with bitcoin, when you deposit into bookmaker, 5dimes, betonline etc... they automatically convert it to bitcoin.  And cashing out is the same.


So that to anyone that bets online is huge.  I really felt that bitcoin solves the sportsbetting moving of money in the us problem.  Of course usa players cant access a few other books.


The thing is the rest of the world can bet with any book. 

Ofcourse bitcoin would solve the max dollar limit. But 5K isn't a high amount for high rollers. If you go ahead and deposit something like a 100-200K on those sites, then you can;t be sure if you will be paid.

[LFC_Bitcoin]

If I'm perfectly honest I don't think I'd trust more than 5 or 10 bitcoin bookies or casinos to actually pay out if you started betting hundreds of thousands of dollars on stuff.

Trustworthy sites will pay out, either that or reject the bet in the first place. I'd be extremely hesitant to bet big on a bitcoin casino or bookies though.