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Author Topic: BlockBet.net - BTC Sportsbook (Site closed)  (Read 14834 times)
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January 13, 2013, 12:11:21 AM
Last edit: April 21, 2013, 12:12:29 PM by blockbet.net
 #1

Hi folks,

I'd like to let you know about our new Bitcoin sports betting site www.blockbet.net and invite you to try out sports betting with us.

We've been working really hard on the site these past few weeks and while there's still a lot of work to be done, I'm happy to say that betting works as intended, and while the interface isn't anything fancy, it should at least be clear and simple to use. We update our selections and odds many times per day, as well as handle payouts quickly.

We don't ask our customers to register, and we're not interested in holding on to their bitcoins. You make a bet using the easy to understand form, pay your bet to the provided address, and if your bet wins you get paid directly to your (or any) Bitcoin wallet. I believe that our betting odds are quite fair in comparison to many other sportsbooks around the Internet and competition can only be good for the industry.

At the moment we have NBA, NFL and NHL games and European football leagues, as well as international competitions. I know there's a lot of suspicion towards new Bitcoin businesses, so people feel free to start betting at 0.001 BTC to see how it works and never bet any more than you can afford to. I hope you guys take a moment to have a look around the site, and we would definitely love to hear your feedback through the Contact Us form or this forum.

There are a lot of Americans on this forum, are you familiar with the decimal odds that we use? It's very simple, you just multiply your bet with your odds to get your possible winnings, like 3 BTC * 2.10 = 6.30 BTC. You should also note that we always list the home team first, this is so that we have a universal system that applies to all games on the site.

We're open to requests about which leagues you would like to see, but at the moment we're focused on bringing you all the games from the biggest leagues around the world. We want to establish the core functionality first and then slowly add features without breaking anything, so stay tuned for updates and if you have any ideas they're more than welcome!

I'm here to answer your questions and talk about whatever. We hope that you like our site and we're very excited to be taking your bets!

-Paul from BlockBet.net

[edit] Update April 21, 2013:

Alright guys, I think the time time has come for me to retire Blockbet. Obviously with the NBA and NHL heading into the playoffs and soccer leagues with their summer breaks, there will be less games to cover over the summer, and I've made nothing but losses on baseball up to this point.

It's been a great experience and a lot of fun, but it's also been a full-time job with no days off, so a small break from everything will be welcome. Also the sportsbook game is a lot more crowded than it used to be, and let's face it, some of these new guys can offer more features than we do. I knew from the start that it won't take too long for guys with more technical knowledge and more time to invest to come along, and I wish nothing but good luck for them. The sportsbooks offerings are now a lot stronger that what they used to be, and I'm glad to have been a part of that process.

I'm gonna stay involved with Bitcoin, I have a lot of faith in the currency. I also have a couple of other ideas that I want to work on, and I can't do that with Blockbet taking so much of my time at the moment. Hopefully one of those ideas will some day become bigger than what Blockbet could ever dream of being!

I'll get to work on payouts from yesterday in a moment. Outstanding NBA bets (playoff series starting later today) will be returned. After that I'll probably shut down the site (server rent is almost finished anyway) and lock the thread.

It's been a crazy ride with a lot of ups and downs, peaks and valleys, and a valuable learning process. So with that, I want to thank everybody for their support. Thanks for playing!

-Paul

Update: Site is now closed. Thank you for your support.

Bitcoin Sports Betting online at www.blockbet.net, featuring NBA, NHL, UFC, football (soccer) and international competitions. Fast payouts directly to your wallet, great win odds, no need to register or deposit. Bet in just a few clicks now!
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blockbet.net (OP)
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January 13, 2013, 03:51:36 PM
 #2

We got our first bet and first winner last night, somebody put 7.00 BTC on Miami Heat to win with -7.5 points, and came away with 13.44 BTC. Miami won the game 128 - 99.

Also we got a request for NFL spreads, we've got them now for todays games and all future NFL games.

Bitcoin Sports Betting online at www.blockbet.net, featuring NBA, NHL, UFC, football (soccer) and international competitions. Fast payouts directly to your wallet, great win odds, no need to register or deposit. Bet in just a few clicks now!
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January 13, 2013, 07:21:44 PM
 #3

Very cool. Hope it goes well. I was thinking an exchange. in this format would be interesting. Good luck and dont get buried....

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January 13, 2013, 08:49:35 PM
 #4

Do you have future plans on adding teasers, parlays, or proposition bets? If so, I am willing to risk countless BTC.
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January 13, 2013, 09:21:58 PM
 #5

if you have any ideas they're more than welcome!

You might want to submit your site to Mem's list:

mem's BITCOIN GAMBLING LIST
- http://bitcointalk.org/index.php?topic=75883.0

Unichange.me

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blockbet.net (OP)
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January 13, 2013, 10:24:37 PM
 #6

Do you have future plans on adding teasers, parlays, or proposition bets? If so, I am willing to risk countless BTC.

We will likely implement two, maybe three selection parlays soon. We probably can't do more because we can't afford to pay gigantic wins if they hit. Also the players will have to calculate the complete odds of parlays themselves. Teasers we can't do at the moment.

We may sometimes have proposition bets but not for every game. We try to pick the most interesting games and players for those. For example, this weekend in soccer we had Van Persie to score (he did) and Messi to score a hat trick (he scored only once). For the Super Bowl and similar events we will certainly have many different bets available.

You might want to submit your site to Mem's list:

Thanks for the tip, will do that.

Bitcoin Sports Betting online at www.blockbet.net, featuring NBA, NHL, UFC, football (soccer) and international competitions. Fast payouts directly to your wallet, great win odds, no need to register or deposit. Bet in just a few clicks now!
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January 13, 2013, 10:47:31 PM
 #7

Do you have future plans on adding teasers, parlays, or proposition bets? If so, I am willing to risk countless BTC.

We will likely implement two, maybe three selection parlays soon. We probably can't do more because we can't afford to pay gigantic wins if they hit. Also the players will have to calculate the complete odds of parlays themselves. Teasers we can't do at the moment.

We may sometimes have proposition bets but not for every game. We try to pick the most interesting games and players for those. For example, this weekend in soccer we had Van Persie to score (he did) and Messi to score a hat trick (he scored only once). For the Super Bowl and similar events we will certainly have many different bets available.

You might want to submit your site to Mem's list:

Thanks for the tip, will do that.

Awesome! I've made my first bet today, and I will be betting a lot more!
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January 14, 2013, 09:14:26 PM
 #8

Can you get Asian Handicap odds for soccer matches?

blockbet.net (OP)
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January 14, 2013, 11:35:20 PM
 #9

Can you get Asian Handicap odds for soccer matches?

We've got plans to do -0.5, -1.5, -2.5, +0.5, +1.5, +2.5 handicaps for some games, depends on the games. Those odds will be posted closer to game starts. We probably won't do quarter handicaps at the moment.

We now have more proposition bets, for example you can bet on LeBron James to score over 26 points tonight or Cristiano Ronaldo to score a goal tomorrow. NHL season will start this saturday and German Bundesliga will resume this week, and there is also the Africa Cup of Nations starting this weekend. So we have a lot of action coming up!

Bitcoin Sports Betting online at www.blockbet.net, featuring NBA, NHL, UFC, football (soccer) and international competitions. Fast payouts directly to your wallet, great win odds, no need to register or deposit. Bet in just a few clicks now!
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January 15, 2013, 02:54:47 AM
 #10

Tennis? There's games every day, i would start using it more.

Bitbook.biz - The best odds and quickest transactions of any BTC sportsbook
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January 15, 2013, 09:30:25 AM
 #11

Do you plan on having spreads/totals for NCAA Basketball?
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January 15, 2013, 05:29:07 PM
 #12

We'd like to cover NCAA and tennis games, but for the moment we'll maintain our current selection plus the three leagues we're adding this weekend (NHL, Bundesliga, Africa Cup of Nations). We want to make sure that we don't miss any games from those leagues before adding more. Tennis in particular is problematic because games are played throughout the day and announced match start times usually aren't anywhere close to actual start times. We could probably do major tennis finals, semi- and quarterfinals but no promises on those yet. Also we're still looking into Asian handicaps for soccer.

We've been receiving more bets each day, so I want to thank those already betting with us and encourage more players to give us a try!

Bitcoin Sports Betting online at www.blockbet.net, featuring NBA, NHL, UFC, football (soccer) and international competitions. Fast payouts directly to your wallet, great win odds, no need to register or deposit. Bet in just a few clicks now!
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January 15, 2013, 09:26:12 PM
 #13

Do you plan on having spreads/totals for NCAA Basketball?

Pinnacle isnt even hanging NCAA totals except for big TV games.

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January 15, 2013, 10:18:59 PM
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Good stuff.  I will be placing some bets soon.
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January 16, 2013, 04:00:33 AM
 #15

Do you plan on having spreads/totals for NCAA Basketball?

Pinnacle isnt even hanging NCAA totals except for big TV games.

5dimes, and other high-quality sportsbooks do, however. I was just wondering.
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January 16, 2013, 09:11:26 PM
 #16

We now support parlay bets of up to 3 selections, you simply separate your selections with a comma, for example: 1,18,63

Parlay odds can be calculated by multiplying selection odds, for example 1.55 * 2.10 = 3.255. Parlays have to be from one league and different games. This is not the optimal solution but it works for now. We'll continue to work on the site and make it more accessible.

Bitcoin Sports Betting online at www.blockbet.net, featuring NBA, NHL, UFC, football (soccer) and international competitions. Fast payouts directly to your wallet, great win odds, no need to register or deposit. Bet in just a few clicks now!
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January 17, 2013, 03:17:40 AM
 #17

There should be a way to review a bet after placing it. I just placed a tiny wager on the heat tonight and have no way of knowing if I even made the right selection.

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January 17, 2013, 03:57:16 AM
 #18

There should be a way to review a bet after placing it. I just placed a tiny wager on the heat tonight and have no way of knowing if I even made the right selection.


Bet selection and bet size are now displayed after submission. Thanks for the suggestion!

I can confirm that there is one submission for Miami to win with -2.5 tonight.

Bitcoin Sports Betting online at www.blockbet.net, featuring NBA, NHL, UFC, football (soccer) and international competitions. Fast payouts directly to your wallet, great win odds, no need to register or deposit. Bet in just a few clicks now!
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January 17, 2013, 04:15:51 AM
 #19

Perfect. One more thing, the pay address came up as an image on my iPad. I wasnt able to copy it,
I had to manually type it into my wallet.

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January 17, 2013, 08:14:01 PM
 #20

We'd like to cover NCAA and tennis games, but for the moment we'll maintain our current selection plus the three leagues we're adding this weekend (NHL, Bundesliga, Africa Cup of Nations). We want to make sure that we don't miss any games from those leagues before adding more. Tennis in particular is problematic because games are played throughout the day and announced match start times usually aren't anywhere close to actual start times. We could probably do major tennis finals, semi- and quarterfinals but no promises on those yet. Also we're still looking into Asian handicaps for soccer.

We've been receiving more bets each day, so I want to thank those already betting with us and encourage more players to give us a try!

Have you though about an NCAA bracket pool?

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