BlockBet.net - BTC Sportsbook (Site closed)

[blockbet.net]

We've updated the site with a more modern look, as well as made many smaller adjustements around the site (and will continue to do so). I think it looks much cleaner now, and the information is easier to find. What do you think?

Of course the NHL season is now here, and we've got plans to cover every game played. You can bet on winners, handicaps, and total goals scored, and we'll have more soon, such as Player Specials for the NHL (Crosby to Score, anyone?).

Sorry for the delay in answers to these...

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.

That's a shame, but unfortunately I don't really know how to work around that problem. You could store the Bitcoin address for the league you want to play on your Bitcoin software so you don't have to type it every time you make a bet. Just make sure that it hasn't changed from time to time (though it will still come through).

Have you though about an NCAA bracket pool?

Thought about it yes, we'll possibly have it in the future but can't make any promises at the moment.

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[mjester93]

How come there's no NFL Pro Bowl odds up? Nor do I see the Super Bowl props you said you were going to have.

[RantinRave]

Has anybody considered offering reduced juice? Possibly even one VIG FREE game of the week? That would be quite the promotion!

[blockbet.net]

How come there's no NFL Pro Bowl odds up? Nor do I see the Super Bowl props you said you were going to have.

We originally didn't plan to cover Pro Bowl, but we do have a few odds for it now. Super Bowl odds will be coming next week.

Has anybody considered offering reduced juice? Possibly even one VIG FREE game of the week? That would be quite the promotion!

That might be too good of a promotion. I don't mind doing coin-flips for a few bitcoins, but if we offered that to all our customers, that could become very expensive for us very quickly, assuming that bets don't distribute evenly.

Posting sports lines isn't an exact science, that's why there has to be some vig involved to ensure that we won't go out of business. Overall I think many of our odds are already much better than our competitors, for example NBA handicaps and over/unders are generally at 1.92/1.92, Player Specials at 1.91/1.91, as far as I know no other sportsbook offers odds that good.

The best promotion I can offer at the moment is that we've upped the NBA score odd/even to 1.99/1.99 for a limited time. So a 1 BTC bet wins 1.99 BTC. That's a better return on investment than Satoshidice, if you just want to give our site a try.

[byronbb]

Ya the -108 juice on NBA is very good. Can I recommend/request Moneyline NHL? Ie OT included. This is the standard bet type for North American gamblers.

I noticed you don't have real time lines. If you needed a feed just sign up at pinnacle sports and request an API key in the settings. You can query their API once every 5 seconds for an XML odds set.

Other suggestions would be a way to do multiple single bets all at once. You might even consider a login/deposit akin to that done by bitcoinvideopoker.com. Also option to make odds display in -110 style.

Good luck.

[Marker88]

A solution to your tennis problem is to just to stop odds at the beginning of each session. >.<

[blockbet.net]

Site update: Betting with Bitcoin doesn't get any easier than this!

We've overhauled our betting process, and gone are the forms and numbers of the earlier version. Now, all games and selections have unique Bitcoin addresses, all you have to do is send your bet to the appropriate address, and your bet is automatically registered. Your winning bets will be paid back to the sending address, so please make sure that you can accept bitcoins there (some eWallets can't). Feel free to try it with small amounts first to see how it works.

Also, guys, thanks for the suggestions. NHL games now have Moneyline selections as well. We are trying to come up with an easy way to display American odds, but for now there is a simple bet calculator that you can use to see how much any bet can win. Tennis will hopefully be added in the future. We're committed to improving the site, and while there is still a lot of work to be done, I think we're heading for the right direction with each update.

Oh, and we've got plenty of bets already available for the Super Bowl. Winner? Number of touchdowns? Longest field goal? Interceptions? Most Valuable Player?

[Marker88]

Site update: Betting with Bitcoin doesn't get any easier than this!

We've overhauled our betting process, and gone are the forms and numbers of the earlier version. Now, all games and selections have unique Bitcoin addresses, all you have to do is send your bet to the appropriate address, and your bet is automatically registered. Your winning bets will be paid back to the sending address, so please make sure that you can accept bitcoins there (some eWallets can't). Feel free to try it with small amounts first to see how it works.

Also, guys, thanks for the suggestions. NHL games now have Moneyline selections as well. We are trying to come up with an easy way to display American odds, but for now there is a simple bet calculator that you can use to see how much any bet can win. Tennis will hopefully be added in the future. We're committed to improving the site, and while there is still a lot of work to be done, I think we're heading for the right direction with each update.

Oh, and we've got plenty of bets already available for the Super Bowl. Winner? Number of touchdowns? Longest field goal? Interceptions? Most Valuable Player?

This means no parlays? D:

[blockbet.net]

This means no parlays? D:

We wanted to simplify the betting process into as few steps possible (just one step actually), so unfortunately that was one of the compromises we had to make. However I do have a couple of ideas on how we could make parlays work, so hopefully we'll have them back soon!

As a new feature we have some "Mixed Doubles / Triples" on the front page, you may find some interesting combinations with good odds there in the meanwhile.

There is now also a simple odds converter that can be used to convert decimal odds into American odds, hopefully that will make the odds seem a bit clearer. I also manually posted American odds to the Super Bowl, but we can't do that to every game.

[mjester93]

About the parlays/teasers, if you had the vig at -110, it would be the same odds as Vegas or any other sports betting website would be. Obviously for MLs or props you can't have -110, but if totals/spreads you can. Just a suggestion.

[ThaddeusB]

I noticed you don't have real time lines. If you needed a feed just sign up at pinnacle sports and request an API key in the settings. You can query their API once every 5 seconds for an XML odds set.

BlockBet's main competitor is just a Pinnacle clone.  No one needs two Pinnacle clones, so it would be a competitive mistake for BlockBet to go that route.

[blockbet.net]

Super Bowl Sunday was a busy day for us, with over 50 bets placed and a total of over 170 BTC paid to the winners. Big thanks to the players and congrats to all the winners! Make sure to check out our selection of games for the NBA, NHL and other leagues while you wait for the next NFL season to start 

Also I'd like to kindly remind people about our maximum bet size of 10 BTC, and that we maintain the right to void bets that go over that amount. I'm glad to see people are excited about Bitcoin betting and that they have such confidence in their favorite teams, but we've been getting bets of 20, 25, 30 BTC to single selections, and given the current exchange rate, that's a bit too much for us. This limit is for the players benefit, we want to make sure that all winners can get paid, even if they win all their bets. Thanks for understanding, hopefully we can raise the maximum bet size soon.

[byronbb]

I noticed you don't have real time lines. If you needed a feed just sign up at pinnacle sports and request an API key in the settings. You can query their API once every 5 seconds for an XML odds set.

BlockBet's main competitor is just a Pinnacle clone.  No one needs two Pinnacle clones, so it would be a competitive mistake for BlockBet to go that route.

When you are a bookie, it is not a competitive mistake to have lines that are sharp.

[blockbet.net]

Parlay bets are back! NBA and NHL pages have separate Bitcoin addresses for parlay bets and all game outcomes are numbered, as before.

Parlay bets can have up to three selections from different games from a league. You specify your selections as double digits at the end of your bet. Parlay bet odds are calculated by multiplying all selection odds together.

Examples:

Selections 03,08 for 1 bitcoin = 1.00000308 BTC
Selections 11,23,70 for 0.1 bitcoin = 0.10112370 BTC

Do you think that's easy enough? It's probably not the optimal solution, but I wanted to make it as fast and easy as possible without messing with forms any more. It's also important that it works as a single payment.

There's plenty of NHL action tonight, so give it a try!

[mjester93]

Parlay bets are back! NBA and NHL pages have separate Bitcoin addresses for parlay bets and all game outcomes are numbered, as before.

Parlay bets can have up to three selections from different games from a league. You specify your selections as double digits at the end of your bet. Parlay bet odds are calculated by multiplying all selection odds together.

Examples:

Selections 03,08 for 1 bitcoin = 1.00000308 BTC
Selections 11,23,70 for 0.1 bitcoin = 0.10112370 BTC

Do you think that's easy enough? It's probably not the optimal solution, but I wanted to make it as fast and easy as possible without messing with forms any more. It's also important that it works as a single payment.

There's plenty of NHL action tonight, so give it a try!

Woo! Awesome to see parlays are back! Kind of a weird way to have it, but it gets the job done. I'll try it out tonight on some NBA.

[blockbet.net]

American odds are now available for all the games and outcomes. Let me tell you, that wasn't easy! Note that American odds are rounded numbers, payouts are still based on decimal odds, but the differences either way are very minimal.

Also once more a reminder about the maximum bet amounts, we've been getting some very large bets from the same source recently, so bets are only accepted up to 10 BTC per selection per player, anything more than that will be voided and returned.

[blockbet.net]

Champions League games and UFC have been added to our selection, with more to come. I think we'll also have some specials bets for tomorrow's Real Madrid - ManU game, should be a very interesting match!

[hi]

is payout automatic?  Why does it take 12 hours to send out winnings?

[mjester93]

is payout automatic?  Why does it take 12 hours to send out winnings?

It takes up to 12 hours. I've done around 50 bets thus far. Some get back in 5 minutes, but there's been one time where it took around 10 hours.

[hi]

the games I bet on have finished....and its been 2 hrs....