BetCoin.TM Bitcoin Casino | Poker | Slots | Sports | Live Dealers | And More!

[dooglus]

The bonus isn't worthless. It is to test out the provably fair system and try your luck at unlocking an enormous amount of money without having to make a single deposit. Just because something is unlikely doesn't mean it's worthless. Even a lottery ticket costs a dollar.

About 1/1000 people unlock the bonus, and about 1/10 of those do it without creating multiple accounts. That's good odds when you consider it is a free shot at winning that sum of money. As I said, there was a guy that recently did it and cashed out over 2,000 USD, so I'm not sure I agree with you on that point.

You seem to be talking about the no-deposit bonus. I wasn't. You failed to quote the post you were responding to. Here it is:

I just signed up at betcoin.tm to take a look around, and I see confusing information about various bonuses. For example, under "FIRST DEPOSIT BONUS":

if you deposit 1 BTC you will receive an additional 3.01 BTC in your account. to withdraw any winnings from this you need to bet 888x 4.01 BTC ( 1 from deposit and 3.01 from the bonus ) so in total you would need to wager 1555.88 BTC

Fair enough - I deposit 1 BTC and have to wager 1.5k to clear the bonus. But then:

If you meet the unlock requirement for your bonus, the maximum amount of your balance which becomes available is the original bonus amount.

What does that mean? Suppose I deposit 1 BTC and manage to turn it into 1000 BTC while wagering 1.5k BTC. Am I only allowed to keep 4.01 BTC of it? That seems to be what that condition is saying, and it seems very wrong. The wagering requirement is huge. After wagering 1.5k times my initial deposit I am very likely to either be bust or up a lot. It's unlikely that I'm only up a few BTC by that point. Putting a tiny cap on the amount I can withdraw in the unlikely event that I profit a lot makes this a very unattractive offer.

See, I was saying that the "first deposit bonus" is worthless, and that it is much better for the player to reject the bonus. Do you disagree?

I'm also not clear about this:

If you meet the unlock requirement for your bonus, the maximum amount of your balance which becomes available is the original bonus amount.

Suppose I deposit 1 BTC. I get 3.01 extra, for a total of 4.01 BTC. I then wager 1555.88 BTC to clear the bonus, and end up with 100 BTC in my balance. How much of my balance will you let me keep, and how much will you confiscate? Can I withdraw 3.01, because that's the bonus amount, or 4.01? What if I deposit a further 10 BTC before I have finished clearing the bonus. Then how much can I withdraw once it is clear?

AFAIK, the house edge is and has always been 1.65% for BetCoin Circle, which is our most popular game. The house advantage of Dice is 1.88%, as you said. I'm not trying to withhold information from you I am simply used to people asking about Circle, not Dice. Apologies.

So again you had misunderstood what I was talking about? I clearly said I was talking about dice. I even included screenshots of various dice games including yours.

You didn't respond to my question about how I was meant to know there's a 0.5% refund for losing dice bets.

We have 2FA.

OK, I see it now. I couldn't see it before. Is it new?

It would be useful if you could provide the secret in text form as well as QR-code form, so I can make a paper backup of it.

[betcointm]

The bonus isn't worthless. It is to test out the provably fair system and try your luck at unlocking an enormous amount of money without having to make a single deposit. Just because something is unlikely doesn't mean it's worthless. Even a lottery ticket costs a dollar.

About 1/1000 people unlock the bonus, and about 1/10 of those do it without creating multiple accounts. That's good odds when you consider it is a free shot at winning that sum of money. As I said, there was a guy that recently did it and cashed out over 2,000 USD, so I'm not sure I agree with you on that point.

You seem to be talking about the no-deposit bonus. I wasn't. You failed to quote the post you were responding to. Here it is:

I just signed up at betcoin.tm to take a look around, and I see confusing information about various bonuses. For example, under "FIRST DEPOSIT BONUS":

if you deposit 1 BTC you will receive an additional 3.01 BTC in your account. to withdraw any winnings from this you need to bet 888x 4.01 BTC ( 1 from deposit and 3.01 from the bonus ) so in total you would need to wager 1555.88 BTC

Fair enough - I deposit 1 BTC and have to wager 1.5k to clear the bonus. But then:

If you meet the unlock requirement for your bonus, the maximum amount of your balance which becomes available is the original bonus amount.

What does that mean? Suppose I deposit 1 BTC and manage to turn it into 1000 BTC while wagering 1.5k BTC. Am I only allowed to keep 4.01 BTC of it? That seems to be what that condition is saying, and it seems very wrong. The wagering requirement is huge. After wagering 1.5k times my initial deposit I am very likely to either be bust or up a lot. It's unlikely that I'm only up a few BTC by that point. Putting a tiny cap on the amount I can withdraw in the unlikely event that I profit a lot makes this a very unattractive offer.

See, I was saying that the "first deposit bonus" is worthless, and that it is much better for the player to reject the bonus. Do you disagree?

I'm also not clear about this:

If you meet the unlock requirement for your bonus, the maximum amount of your balance which becomes available is the original bonus amount.

Suppose I deposit 1 BTC. I get 3.01 extra, for a total of 4.01 BTC. I then wager 1555.88 BTC to clear the bonus, and end up with 100 BTC in my balance. How much of my balance will you let me keep, and how much will you confiscate? Can I withdraw 3.01, because that's the bonus amount, or 4.01? What if I deposit a further 10 BTC before I have finished clearing the bonus. Then how much can I withdraw once it is clear?

AFAIK, the house edge is and has always been 1.65% for BetCoin Circle, which is our most popular game. The house advantage of Dice is 1.88%, as you said. I'm not trying to withhold information from you I am simply used to people asking about Circle, not Dice. Apologies.

So again you had misunderstood what I was talking about? I clearly said I was talking about dice. I even included screenshots of various dice games including yours.

You didn't respond to my question about how I was meant to know there's a 0.5% refund for losing dice bets.

We have 2FA.

OK, I see it now. I couldn't see it before. Is it new?

It would be useful if you could provide the secret in text form as well as QR-code form, so I can make a paper backup of it.

For you to withdraw any of the winnings you get with the bonus amount, you will need to bet your  deposit + bonus amount times 388x on any of our provably fair games. So if you deposit 1 BTC you'll get a bonus of about 3 BTC, and you'll need to wager 4 * 388 in order to unlock the 3 BTC bonus.

The first-deposit bonus is easier (by a lot) to unlock than the no-deposit bonus. It's still unlikely to unlock, but it's a game in and of itself that carries no risk (as you can withdraw your deposit at any time).

You can also request a match bonus more than once with the same terms.

If the original bonus amount is 2 BTC, and you bet the ¬1100 BTC required to unlock it, then the 2 BTC is available to withdraw, not what remains in your account after meeting the requirement.

I realize you were talking about something else, and that you included several Dice Games, but I'm sort of hard-wired with 1.65%, and I apologize for that. Like I said - there's not wool being pulled over your eyes as that house edge (and the other games) was and is available on the How To Play page the whole time. I didn't say that you were 'supposed' to know there was a consolation prize for Dice, but I just pointed it out because it affects the house edge. I'm not saying you were 'wrong' about anything - just that there was information that could help you calculate it.

It would be useful to have it in text form to make a paper backup, and we will have to consider adding this option. Thanks for the suggestion.

[dooglus]

Maybe I'm making my posts too long.

Suppose I deposit 1 BTC. I get 3.01 extra, for a total of 4.01 BTC. I then wager enough to clear the bonus, and end up with 100 BTC in my balance. How much of my balance will you let me keep, and how much will you confiscate? Can I withdraw 3.01, because that's the bonus amount, or 4.01? What if I deposit a further 10 BTC before I have finished clearing the bonus. Then how much can I withdraw once it is clear?

[betcointm]

Maybe I'm making my posts too long.

Suppose I deposit 1 BTC. I get 3.01 extra, for a total of 4.01 BTC. I then wager enough to clear the bonus, and end up with 100 BTC in my balance. How much of my balance will you let me keep, and how much will you confiscate? Can I withdraw 3.01, because that's the bonus amount, or 4.01? What if I deposit a further 10 BTC before I have finished clearing the bonus. Then how much can I withdraw once it is clear?

The amount available for withdraw after you unlock the bonus is the original bonus amount. We will not ever make your deposit unavailable to withdraw, so in your case the amount to withdraw would be 4.01 BTC.

When you deposit your own money into the bonus and bet you're not wagering the original amount toward the bonus and therefore the bonus is cancelled. Even if the bonus wasn't cancelled the 10 BTC would still be able to be withdrawn because it's your deposit, not bonus funds.

It isn't supposed to be an appealing amount to someone looking for a reliable way to make money, as these are games of chance. We give you a fair shot to unlock the bonus, and however unlikely as it may be (no-deposit bonus as I said is about 1/1000, and match bonus is somewhere in the ballpark of 1/750 - these aren't your odds these are the users that successfully unlock it) you can do it. It's very similar to a lottery ticket. A huge +EV for players at a low to minimal cost, but pretty unlikely. The purpose of these bonuses is to show that our system works and make you comfortable with the system and its functionalities, and it doesn't hurt that the added value comes from the opportunity to win very, very big.

The games are provably fair, the reward is high (but unlikely), and the risk in these types of bonuses (especially the no-deposit bonus) are minimal to none.

That being said, we are working on making our deposit bonus a bit different to give good EV to depositors over time. That's in the pipeline but nowhere near being ready to give any concrete numbers or even speculate as to how it would work.

[betcointm]

hi betcoin.tm,

Can u please look into my account? i don't use vpn and im not sure if i already have an accnt, because if i already did sign up before i don't intend to multi-accnt. I havent visited your site until a few days ago and i signed up. please take a look into my accnt.

username: Tripod

thank you

Try it now.

[KPGuy]

hi betcoin.tm,

Can u please look into my account? i don't use vpn and im not sure if i already have an accnt, because if i already did sign up before i don't intend to multi-accnt. I havent visited your site until a few days ago and i signed up. please take a look into my accnt.

username: Tripod

thank you

Try it now.

same error. ;-(

"Sorry, access to our multiplayer poker room is restricted for VPN users or users who have multiple accounts. Please disable your VPN to access the poker room and contact our support if you have multiple accounts, so we can provide access to poker for you"

[betcointm]

hi betcoin.tm,

Can u please look into my account? i don't use vpn and im not sure if i already have an accnt, because if i already did sign up before i don't intend to multi-accnt. I havent visited your site until a few days ago and i signed up. please take a look into my accnt.

username: Tripod

thank you

Try it now.

same error. ;-(

"Sorry, access to our multiplayer poker room is restricted for VPN users or users who have multiple accounts. Please disable your VPN to access the poker room and contact our support if you have multiple accounts, so we can provide access to poker for you"

OK I will have to whitelist you, no problem.

[nickaizoku]

Hi betcointm..
Could you whitelist me too.. i never use vpn to access poker room.
But before i have 2 account and it has been resolve.
The 2 account never associated each other and i never log in anymore with another account.
And i just use 1 account now..
Thats cybernick.
Thank you for understanding..

[Trayber]

Maybe I'm making my posts too long.

Suppose I deposit 1 BTC. I get 3.01 extra, for a total of 4.01 BTC. I then wager enough to clear the bonus, and end up with 100 BTC in my balance. How much of my balance will you let me keep, and how much will you confiscate? Can I withdraw 3.01, because that's the bonus amount, or 4.01? What if I deposit a further 10 BTC before I have finished clearing the bonus. Then how much can I withdraw once it is clear?

The amount available for withdraw after you unlock the bonus is the original bonus amount. We will not ever make your deposit unavailable to withdraw, so in your case the amount to withdraw would be 4.01 BTC.

When you deposit your own money into the bonus and bet you're not wagering the original amount toward the bonus and therefore the bonus is cancelled. Even if the bonus wasn't cancelled the 10 BTC would still be able to be withdrawn because it's your deposit, not bonus funds.

It isn't supposed to be an appealing amount to someone looking for a reliable way to make money, as these are games of chance. We give you a fair shot to unlock the bonus, and however unlikely as it may be (no-deposit bonus as I said is about 1/1000, and match bonus is somewhere in the ballpark of 1/750 - these aren't your odds these are the users that successfully unlock it) you can do it. It's very similar to a lottery ticket. A huge +EV for players at a low to minimal cost, but pretty unlikely. The purpose of these bonuses is to show that our system works and make you comfortable with the system and its functionalities, and it doesn't hurt that the added value comes from the opportunity to win very, very big.

The games are provably fair, the reward is high (but unlikely), and the risk in these types of bonuses (especially the no-deposit bonus) are minimal to none.

That being said, we are working on making our deposit bonus a bit different to give good EV to depositors over time. That's in the pipeline but nowhere near being ready to give any concrete numbers or even speculate as to how it would work.

Thanks for the explanation and seems like its not a bonus for everyone. Myself I would never want to deposit that much and be tied to so such high wagering. IMO, those type of bonuses are for suckers.

Anyways, now that you talk about the provability and fairness of games but can you fix the blackjack. You have only blackjack game on planet where the dealer hits a hard 17 just because he drew an Ace at some point. This might help players somtimes but at other times going to burn player when he has made 18-21 and dealer hits bs hard 17 to beat him and player get upset because thats NOT how the rules work in blackjack game. Your sites been up for a long time I find it tough believe that no one has brought this to your attention sooner and why it hasn't already been fixed. Now that I think about it can you link me to your Rules page for Blackjack, I had a hard time finding out the rules on your game. If you have it set to for dealer to hit hard 17 then so be it but I would like to to read the rules.

[rindo]

I can not get into the poker room
when I do not use VPN n have no other account
only one that I use

username : rindo

[bitjamz]

I can not get into the poker room
when I do not use VPN n have no other account
only one that I use

username : rindo

same problem i never used vpn
username:oklin

[DarkDays]

and it doesn't hurt that the added value comes from the opportunity to win very, very big.

But that's worthless because if someone wins "very, very big" you just said that they won't be able to withdraw that money EVER. 

[Vaib]

ATTENTION
Guy's i want to say something about this gambling site.
You shouldn't trust them even with 1 cent's.
We have really a lot fair casinos.
This site is really shady.
They now make really a lot promotion on bitcointalk to get new clients.
But i feel that they will someday scam people.
They make ref campaing on bitcointalk and never pay fair amount. They pay 5 or 6 times lowest payout.
Support is shady too. They dont know nothing, and cant help you.
If you really want to gambling use other casino. I will never trust them.

[Everybitbit]

By the way why so many peoplr been flagged by vpn thing.
Is your system marked wrong?

[rio3233]

By the way why so many peoplr been flagged by vpn thing.
Is your system marked wrong?

I'm also get notice that im using vpn or multiple account, but im not use both. so i reset my internet connection and then i can access poker again.

[bitjamz]

now i have another problem

no balance in poker room.

anyone have same problem?

[rambeazle]

ATTENTION
Guy's i want to say something about this gambling site.
You shouldn't trust them even with 1 cent's.
We have really a lot fair casinos.
This site is really shady.
They now make really a lot promotion on bitcointalk to get new clients.
But i feel that they will someday scam people.
They make ref campaing on bitcointalk and never pay fair amount. They pay 5 or 6 times lowest payout.
Support is shady too. They dont know nothing, and cant help you.
If you really want to gambling use other casino. I will never trust them.

So far they are paying out. Do you have any proof?

[Vaib]

yes i have proof. Just check campaing thread. A lot screenshoots from me(they confirm i have 26 refs before change prize).
And you have posts from people. Everybody get only 0.0015 per ref.
I dont say they are not paying. They pay but 4 or 5 times lowest payout.

[nickaizoku]

I chat with live support about my poker room. They said that maybe because of my country i.p address.
Got any solution for my country? Malaysia.
Hopefully im able to go in poker room soon.. wanna participate for poker tournament

[rio3233]

I chat with live support about my poker room. They said that maybe because of my country i.p address.
Got any solution for my country? Malaysia.
Hopefully im able to go in poker room soon.. wanna participate for poker tournament

maybe you can reset your internet connection like mine, i also can't go into poker room with that notice vpn and multiple acc something. and i can now when i reset my internet connection.