Blockbet.net has not paid 172.1 BTC from Saturday's bets

[BTCSportsMatch]

I won't derail your thread - but yes, all else being equal posting up is just as safe, if not a safer model.

I've heard complaints about line changes with the guys running the 'send coins to bet xxxx' model. Send coins at one line, have it booked at another (typically worse) line.

The reason the post up model is just as safe, with a trusted bitcoin book that has automated deposits and withdrawals - is that many players post up, bet, and withdraw directly after a game. Rinse, repeat several times a day. Risk is exactly the same as the no-account model.

We're not talking about the dinosaur model of having to leave funds offshore because it's such a pain to fund.

Anyway, best of luck and please keep us updated on the situation!

 

[HenryTheHorse]

I won't derail your thread - but yes, all else being equal posting up is just as safe, if not a safer model.

I've heard complaints about line changes with the guys running the 'send coins to bet xxxx' model. Send coins at one line, have it booked at another (typically worse) line.

The reason the post up model is just as safe, with a trusted bitcoin book that has automated deposits and withdrawals - is that many players post up, bet, and withdraw directly after a game. Rinse, repeat several times a day. Risk is exactly the same as the no-account model.

We're not talking about the dinosaur model of having to leave funds offshore because it's such a pain to fund.

Anyway, best of luck and please keep us updated on the situation!

Your argument is patently false and only gains any traction by ignoring the supposition "all else being equal."

Does the player gain security by adding the intermediate step of having his money held in a 3rd party account as opposed to wagering directly from his wallet?  OBVIOUSLY NOT, SOLVE BY INSPECTION!  Once again, surely you can't be so daft as to suggest otherwise.

You can say that a post-up book may effectively approximate the ad hoc approach by shifting onus to the player to request payouts after completion of each wager.  This only increases his relative risk by creating a barrier of inconvenience and tacitly grants that the post-up model is inherently less secure.

This is not an attack on your book.  (I have plenty of other things to criticize for that purpose.  )  It is an argument from basic reason on a topic which is ultimately unimportant.

[KGambler]

Does the player gain security by adding the intermediate step of having his money held in a 3rd party account as opposed to wagering directly from his wallet?  OBVIOUSLY NOT, SOLVE BY INSPECTION!  Once again, surely you can't be so daft as to suggest otherwise.

Did you read what he wrote?  He said that he has heard of people sending coins and then finding out later that they did not get the same line they thought they were betting.  This cannot happen with a post up shop.

I am not disagreeing with your overall argument.

I agree that this theft is another black eye on the bitcoin gambling industry.  I really hope he is just short of BTC right now, but is a man about it and comes back to pay his debt. 

It's not clear to me why he would stiff the one largest bettor.  Why not stiff all bettors?  He sent me 64 BTC on Sunday, and clearly (from this thread) he did not have to do that.  The fact he has gone AWOL looks very bad though.  I hope he's not a true piece of garbage and that he contacts you with some kind of payment plan.

I posted in your scam accusation thread asking that he be given a scammer tag, just in case he tries to come back here without paying.

[carnitastaco]

crying over a measly 170 bitcoins my sides

lol, sure, pocket change

gl OP, I'm constantly worried the same thing could happen at one of the BTC sportsbooks I have funds on.  Hopefully Pinnacle or someone else reputable opens up a BTC operation

[HenryTheHorse]

Did you read what he wrote?  He said that he has heard of people sending coins and then finding out later that they did not get the same line they thought they were betting.  This cannot happen with a post up shop.

Of course this could happen at a post-up book.  They can and have done anything they wish, with the added leverage of holding more than your stake.  Not sure why you two are so desperately attempting to defend this preposterous position.

For a given bookmaker, you're seriously arguing that you would rather he hold your money than you hold your own money?  Lulz, the full-blown Stockholm Syndrome present among sports betting ploppies never ceases to amaze.

[HenryTheHorse]

crying over a measly 170 bitcoins my sides

lol, sure, pocket change

gl OP, I'm constantly worried the same thing could happen at one of the BTC sportsbooks I have funds on.  Hopefully Pinnacle or someone else reputable opens up a BTC operation

And coming from a guy with documented, posted panty-twistage over .1 BTC bets in pre-boom February.  Sad to say he fits right in to this forum.

[simonk83]

Definitely a black eye for the entire community, really hope you get paid.

There is a reason most people stick to the few established books, most of these places barely have 2 months experience let alone 2 years+

Well after BetsofBitcoin stiffed everyone on the BFL bets, I'm not sure it's safe to trust any at the moment...

[haitispaceagency]

blockbet isn't a scammer, he was just a bit over his and got done in by good bettors and ran out of funds. The only thing he could do was return the bets else he'd of gone under completely and probably go bankrupt and lose his home or something. Its not like you actually lost money, yet you file a scam report. If he was scammer he wouldn't have even done that.

Instead of being mad about, feel good about you actually beating a book out with uyour leet betting skillz

[elvisrene]

well the only thing left is open up an account with bet365 or betfair or any of those that will not go under on big rollers wining streaks i bet in bitcoin sites becuase i have no chioce live in the us it is fuking hard to cash out

[haitispaceagency]

well the only thing left is open up an account with bet365 or betfair or any of those that will not go under on big rollers wining streaks i bet in bitcoin sites becuase i have no chioce live in the us it is fuking hard to cash out

uo can tryu anonibet they're financially backed by pinnacle so they're gonna pay out. they are a bit slow but certainly faster than normal nonbtc methods.

[bitcoinsrock]

well the only thing left is open up an account with bet365 or betfair or any of those that will not go under on big rollers wining streaks i bet in bitcoin sites becuase i have no chioce live in the us it is fuking hard to cash out

uo can tryu anonibet they're financially backed by pinnacle so they're gonna pay out. they are a bit slow but certainly faster than normal nonbtc methods.

where did you hear that Pinny backs anonibet? I don't think this is true, it's a different post up book.

[HenryTheHorse]

well the only thing left is open up an account with bet365 or betfair or any of those that will not go under on big rollers wining streaks i bet in bitcoin sites becuase i have no chioce live in the us it is fuking hard to cash out

uo can tryu anonibet they're financially backed by pinnacle so they're gonna pay out. they are a bit slow but certainly faster than normal nonbtc methods.

where did you hear that Pinny backs anonibet? I don't think this is true, it's a different post up book.

Absolutely false.  That kid is a stone moron.

[MPOE-PR]

blockbet isn't a scammer, he was just a bit over his and got done in by good bettors and ran out of funds. The only thing he could do was return the bets else he'd of gone under completely and probably go bankrupt and lose his home or something. Its not like you actually lost money, yet you file a scam report. If he was scammer he wouldn't have even done that.

Instead of being mad about, feel good about you actually beating a book out with uyour leet betting skillz

Wait, what?!

He didn't even have the decency to hire that Luke-jr sockpuppet like the betsofbitco.in scamsite. What world we live in. 

[haitispaceagency]

well the only thing left is open up an account with bet365 or betfair or any of those that will not go under on big rollers wining streaks i bet in bitcoin sites becuase i have no chioce live in the us it is fuking hard to cash out

uo can tryu anonibet they're financially backed by pinnacle so they're gonna pay out. they are a bit slow but certainly faster than normal nonbtc methods.

where did you hear that Pinny backs anonibet? I don't think this is true, it's a different post up book.

Absolutely false.  That kid is a stone moron.

So rude.

[HenryTheHorse]

I appreciate the ignored user's idiotic trolling for keeping this thread atop the forum.

[Zaih]

blockbet isn't a scammer, he was just a bit over his and got done in by good bettors and ran out of funds. The only thing he could do was return the bets else he'd of gone under completely and probably go bankrupt and lose his home or something. Its not like you actually lost money, yet you file a scam report. If he was scammer he wouldn't have even done that.

Instead of being mad about, feel good about you actually beating a book out with uyour leet betting skillz

What a load of rubbish. When you open a sportsbook, or anything that offers a payout, then you should be ready to cover what you offer. They are still technically x bitcoins less well off than they woulda been if they had been paid out appropriately.

The fact that they refunded the bet shows decency on behalf of blockbet.net, however it still doesn't change the fact people have been cheated out of their money. Who the hell would have bet knowing that the bEST case scenario was getting their investment back, with the worst being they lose it all?

Sigh..

[HenryTheHorse]

blockbet isn't a scammer, he was just a bit over his and got done in by good bettors and ran out of funds. The only thing he could do was return the bets else he'd of gone under completely and probably go bankrupt and lose his home or something. Its not like you actually lost money, yet you file a scam report. If he was scammer he wouldn't have even done that.

Instead of being mad about, feel good about you actually beating a book out with uyour leet betting skillz

What a load of rubbish. When you open a sportsbook, or anything that offers a payout, then you should be ready to cover what you offer. They are still technically x bitcoins less well off than they woulda been if they had been paid out appropriately.

The fact that they refunded the bet shows decency on behalf of blockbet.net, however it still doesn't change the fact people have been cheated out of their money. Who the hell would have bet knowing that the bEST case scenario was getting their investment back, with the worst being they lose it all?

Sigh..

Blockbet.net didn't return anything on graded bets.  I placed 15 bets on Saturday totaling 150 BTC.  Net winnings were 22.1 BTC on those wagers, 172.1 BTC owed.

HE PAID ZERO, 0, NOTHING, NADA!

The 20BTC sent on Sunday was from 2 NBA futures bets which he cancelled before completion.

I was down over 100BTC betting with Blockbet.net before his theft and now over 250BTC after his theft.

This would obviously be a much smaller issue if he had simply (yet unethically) cancelled ALL wagers and returned the 150BTC that I put at risk on Saturday.

[bitcoinsrock]

I'm surprised that Blockbet was losing. I also donated a lot to him.

[HenryTheHorse]

I'm surprised that Blockbet was losing. I also donated a lot to him.

Were you paid on any wagers from last Saturday?

[haitispaceagency]

He's a nice guy though I think you should give him a pass.