BetKing.io - BKB token REFUNDS - $70k refunded so far

[BetKing.io]

This thread will be updated in an attempt to notify investors who purchased BKB during the ICO in 2017 that may not be in the Telegram group or receive emails.

Quick history:
We launched an ICO in 2017 that raised $6 million.
When we closed the last time, investors still held over $2 million worth of tokens that we were trying to refund but couldn't due to the site not able to turn a profit.
The other investors had sold their tokens in the old buy back program (some made a profit) or were refunded in other ways since then.

We are now in a better place to start refunding the remaining token holders.

The https://betking.io website went live in July for investors to withdraw refunds, it is not open to players or deposit.

You can read about the refund process here https://betking.io/token (the method may change depending on feedback)

At this time there is no way for any players to deposit and play.
We don't have time to run BetKing as a casino at this time.

We may open to deposits and add extra games in future if we can find someone to run and market the site.

All BKB holders who had an account and tokens on site after 2019 (after the last software update) are automatically receiving refunds from the pool.

If you have tokens in your own wallet (not on an exchange) or have lost access to your account please email support@betking.io for help.

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[Dogedigital]

Nice to see you launch Dean.

Good luck!

[Argolas_]

Dean is back ! now all those crypto casinos have a problem 

[emberbekas]

Welcome back betking! It is always nice to see a well known site back to its business. Btw the 100% deposit bonus is great and looks very possible for us to overcome it. I will try it soon!

[SyGambler]

welcome back betking , been waiting too long for this moment
gonna try the site again for sure and hope I have great time like I used to have before the new launch
good luck with the site , wish you all the success guys

[lite]

Welcome back the new betking. deposit bonus is quite nice(only 30x wagering required), will definitely claim that bonus. how long is it gonna last?

[DarkStar_]

Welcome back!

Bonus terms:
Click claim bonus on the deposit dialog BEFORE you deposit
Bonus can only be claimed once
Min deposit 0.002 BTC
Max bonus rewarded 0.1 BTC
Wager 30x your deposit amount playing dice with 2x payout (49.5% chance) setting
Bonus will be unlocked and added to your balance after you meet the wager requirements.

Any specific reason for requiring the bonus to be played on the 2x payout setting? It's the same +EV for the player no matter what the multiplier is, so why not let people play with more variety?

Welcome back betking! It is always nice to see a well known site back to its business. Btw the 100% deposit bonus is great and looks very possible for us to overcome it. I will try it soon!

It should be very easy to overcome it with a good strategy, since it's expected that you lose 30% of your balance before unlocking it, which is a lot better then most Softswiss casinos, where you have to play games with higher house edges and need to complete a larger rollover.


Could you change it so that you don't need to put a whitelisted address for currencies that you don't use? I can't seem to put only a BTC address even when disabling withdraws for other currencies. https://i.imgur.com/Zo5wSlh.gifv

[favdesu]

any plans for an affiliate program?

[BetKing.io]

any plans for an affiliate program?

That seems likely to be added soon.

[actmyname]

Any specific reason for requiring the bonus to be played on the 2x payout setting? It's the same +EV for the player no matter what the multiplier is, so why not let people play with more variety?

People are less patient when it comes to dealing with near 50-50 odds and wagering. The right strategy (to decrease variance overall) is to bet as little as possible to have the rolls distributed evenly towards the 99:1 edge trend line. But as most people wouldn't want to bet .00000001 BTC consistently over a long period (for the max bonus of .1 that is literally 300,000,000 rolls that you have to go through). Assuming 1 sec/roll which is very generous, it will take nine and a half years to complete the bonus wager requirements. It's just a profitable decision from a business standpoint and even as I point this out it's the inevitable truth: no one wants to spend that time rolling dice.I am participating in this bonus, though. Will be doing a similar strategy, but wagering much higher.

[gordonhill]

Welcome back, Dean. That´s a lot of $.

Good luck!

[mijkrofl]

Hi,

Congrats on the ICO, i also invested some ETH.

Are there known issues with the 2FA at this moment? 2FA login doesnt work for me at the moment.. i get redirected to the main page without being logged in.

Thx in advance.

[adaseb]

Wow. Congrats on finally coming back online again.

With so many scam bitcoin gambling casinos coming online lately its nice to see a legit one come online.

I wish you all the success and all the luck to your sites future.

[BetKing.io]

Thanks guys. Great response so far.

22 btc (~$100k) wagered so far, over 200k bets.

Some minor fixes:
chat lag fixed
chat scrolling issue
deposit dialog error message fixed
deposit bonus info page added (click deposit then click info)
username link on highroller chat notifications fixed

One unfortunate thing though.
As it's first night I'm not going to leave auto withdrawals on while I'm sleeping, just for tonight.
So if you play you can wait up to 6 hours if you tried to withdraw now.

Auto withdrawals will be back on in the morning and left on from then.

Thanks again

[sir_lanka]

How long do I need to wait to receive the bonus after 100.00/100 is reached?

[DarkStar_]

Any specific reason for requiring the bonus to be played on the 2x payout setting? It's the same +EV for the player no matter what the multiplier is, so why not let people play with more variety?

People are less patient when it comes to dealing with near 50-50 odds and wagering. The right strategy (to decrease variance overall) is to bet as little as possible to have the rolls distributed evenly towards the 99:1 edge trend line. But as most people wouldn't want to bet .00000001 BTC consistently over a long period (for the max bonus of .1 that is literally 300,000,000 rolls that you have to go through). Assuming 1 sec/roll which is very generous, it will take nine and a half years to complete the bonus wager requirements. It's just a profitable decision from a business standpoint and even as I point this out it's the inevitable truth: no one wants to spend that time rolling dice.I am participating in this bonus, though. Will be doing a similar strategy, but wagering much higher.

Fair point. Just curious, how much are you planning on wagering? I'm thinking of doing somewhere between 0.1% to 1% of my balance to try to keep variance low and have a decent number of bets needed to be done. Haven't decided on exactly what amount yet.

Still, I think Dean should allow multipliers above 2x at least, as it makes is even riskier to go all in a bunch of times.

How long do I need to wait to receive the bonus after 100.00/100 is reached?

I think it's automatic?

[RHavar]

Congratulations on the release, it's looking good! I look forward to see how things go.

[sir_lanka]

How long do I need to wait to receive the bonus after 100.00/100 is reached?

I think it's automatic?
[/quote]´
Nope. Waiting.

[Aengus]

Best of luck Dean. Hope this works out for you!

[Xinarae*]

Wager 30x your deposit amount playing dice with 2x payout (49.5% chance) setting

damn, TBH I'm interets for bonus deposit 100% then aggree for 30X require wager. But could you consider about "dice with 2x payout" ?