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Author Topic: BetKing.io - BKB token REFUNDS - $70k refunded so far  (Read 27416 times)
BetKing.io (OP)
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May 13, 2018, 02:33:25 PM
 #741

hey Dean , as I remember I saw bitcoinrush mentioning that they make 2% on each bet no matter what the bet result is
so can you figure out a way to do the same so you can both reduce the margin and make guaranteed profit ??

They might be using a service like 3et, where you act as a referer and all your bets go through them and you take a small % win or lose.
That's something I'm thinking of doing for highstakes sports betting with no limits and good for pros.
SyGambler
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May 13, 2018, 03:23:57 PM
 #742

hey Dean , as I remember I saw bitcoinrush mentioning that they make 2% on each bet no matter what the bet result is
so can you figure out a way to do the same so you can both reduce the margin and make guaranteed profit ??

They might be using a service like 3et, where you act as a referer and all your bets go through them and you take a small % win or lose.
That's something I'm thinking of doing for highstakes sports betting with no limits and good for pros.

yeah their odds are exactly the same with pinnacle , they don't offer all the betting options that pinnacle offers though
but if you manage to have such service with such margin that would be really great . I barely bet over 100 Euros a game so I only care about low margin
BetKing.io (OP)
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May 13, 2018, 06:52:23 PM
Merited by DarkStar_ (1), game-protect (1), fernando_redondo (1)
 #743

So that's our new site launched and we have sports (including live betting) and poker plus many small new features on dice including:

- Play poker in same BetKing window or external window
- Improved dice interface
- Improved wallet and account management
- Better mobile support
- Customisable withdrawal fee!
- Lookup any bet by id (including sports and future games)
- User search
- On site notifications
- Improved chat (commands, gif support, multiple rooms, online users list)
- Show/hide tips in chat
- All bets page to view all bets happening on site with filters and search
- Improved affiliate page - view all users and earnings
- Support ticket system

It would be good to get your feedback on features we didn't add yet that you want to see on https://betking.io

Any promotional ideas you want us to run are also welcome.

Speaking of, we're looking for someone to help run promotions particularly on bitcointalk and social media.
email support@betking.io if you want to apply.

BetKing.io (OP)
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May 14, 2018, 07:16:15 AM
Last edit: May 14, 2018, 10:18:35 AM by BetKing.io
 #744

Website currently offline due to ddos
Attacker sent email demanding ransom.

We obviously won't pay it.


we're back on now
BetKing.io (OP)
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May 15, 2018, 11:26:03 AM
 #745

Aston Villa Vs. Middlesbrough in tonights Championship Playoffs.

Bet with bitcoin or Ethereum now at https://betking.io


Gi01
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May 17, 2018, 01:23:21 PM
 #746

Just FYI I didn't receive the bonus for the leaderboard
BetKing.io (OP)
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May 17, 2018, 01:31:01 PM
 #747

Just FYI I didn't receive the bonus for the leaderboard

Hi sorry for delay in getting back to your pm. I'll check this today. Must have missed you when doing payments.

Was it for last week or week before?

Also this is last week of the poker leaderboard since no one is playing for it anyway. Will look to maybe start tournaments or different cash promos
Samarkand
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May 17, 2018, 03:56:29 PM
 #748

...

Also this is last week of the poker leaderboard since no one is playing for it anyway. Will look to maybe start tournaments or different cash promos

It is 2018, all poker sites are struggling to acquire new players. I suspect
that the new entrants into the target group are more interested in social media
and video games these days.

Anyway, I think that you could maybe increase poker traffic a bit by
making the poker lobby visible for new visitors to BetKing that are not logged in
(if that isn´t possible maybe at least include a stat like how many players are online
or how many tables are running).
If you try to access the poker part of the website without being logged
in, you can´t even see if there are any games running as of now. This is of course not great, because
not every person, who would jump in the game is willing to register an account just in order
to see if a game is running at all (or worse they may just join a table at one of the competitor
sites where they already have an account).

This suggestion of course won´t cause a huge influx of new players, but it still could
lead to a few additional sign-ups.


iluvbitcoins
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May 17, 2018, 04:30:50 PM
 #749

Can someone remind me what's the buyback price of BKB?
I can't really remember, I'm still holding some 10k on the website.
I remember the value was ~0.1$ or something usually.

Looking for a signature campaign.
BetKing.io (OP)
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May 17, 2018, 04:31:41 PM
 #750

Can someone remind me what's the buyback price of BKB?
I can't really remember, I'm still holding some 10k on the website.
I remember the value was ~0.1$ or something usually.

You can see the price in real time at https://betking.io/stats
currently $0.1008
BetKing.io (OP)
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May 17, 2018, 06:39:27 PM
Last edit: May 17, 2018, 09:31:11 PM by BetKing.io
 #751

Sports margins have been reduced so now we have more competitive odds.

BKB opt in to sell page live now.
BetKing.io (OP)
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May 19, 2018, 04:46:04 PM
 #752

Nice to see the sportsbook launch  Cheesy

Doesn't seem very competitive though. Cloudbet, BitcoinRush, Nitrogen, Sportsbet.io, Fairlay and UltraPlay books seem to have better odds for the random somewhat popular event I chose to compare using (Manchester United vs Watford FC). Any plans to reduce the margin? Seems to be a consistent ~5.6% for Premier League matches with the Moneyline betting option.

| Sportsbook | Margin[1] |
| BetKing | 5.59% |
| Sportsbet.io | 4.13% |
| Cloudbet | 2.66% |
| Nitrogen | 2.97% |
| BitcoinRush | 2.61% |
| Fairlay | 1.17%[2] |
| UltraPlay[3] | 5.52% |


[1] Based off of Moneyline (Team A, Team B or Draw) odds
[2] Low limits at these odds. Using the higher limit options as an example, we get 2.11%
[3] Specifically mBitCasino in this example, however UltraPlay odds seem to be consistent

We've now lowered our margins to be on average lower than all our competitors (that are not exchanges).
Now you can get the best odds on major sports at betking.io Smiley
DarkStar_
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May 19, 2018, 05:09:23 PM
 #753

Nice to see the sportsbook launch  Cheesy

Doesn't seem very competitive though. Cloudbet, BitcoinRush, Nitrogen, Sportsbet.io, Fairlay and UltraPlay books seem to have better odds for the random somewhat popular event I chose to compare using (Manchester United vs Watford FC). Any plans to reduce the margin? Seems to be a consistent ~5.6% for Premier League matches with the Moneyline betting option.

| Sportsbook | Margin[1] |
| BetKing | 5.59% |
| Sportsbet.io | 4.13% |
| Cloudbet | 2.66% |
| Nitrogen | 2.97% |
| BitcoinRush | 2.61% |
| Fairlay | 1.17%[2] |
| UltraPlay[3] | 5.52% |


[1] Based off of Moneyline (Team A, Team B or Draw) odds
[2] Low limits at these odds. Using the higher limit options as an example, we get 2.11%
[3] Specifically mBitCasino in this example, however UltraPlay odds seem to be consistent

We've now lowered our margins to be on average lower than all our competitors (that are not exchanges).
Now you can get the best odds on major sports at betking.io Smiley


Great! I checked Real Madrid CF vs Liverpool FC and you have a margin of 2.5%, which is lower than all the other books (minus Fairlay, but that's fair that you don't want to compete with them as they have higher withdraw fees & a lot of market makers)

How do you plan on combatting the problems you listed earlier? I'm guessing that you're just keeping limits low and changing the odds as bets are placed to create balance?

taking a break - expect delayed responses
BetKing.io (OP)
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May 19, 2018, 05:23:03 PM
 #754

Nice to see the sportsbook launch  Cheesy

Doesn't seem very competitive though. Cloudbet, BitcoinRush, Nitrogen, Sportsbet.io, Fairlay and UltraPlay books seem to have better odds for the random somewhat popular event I chose to compare using (Manchester United vs Watford FC). Any plans to reduce the margin? Seems to be a consistent ~5.6% for Premier League matches with the Moneyline betting option.

| Sportsbook | Margin[1] |
| BetKing | 5.59% |
| Sportsbet.io | 4.13% |
| Cloudbet | 2.66% |
| Nitrogen | 2.97% |
| BitcoinRush | 2.61% |
| Fairlay | 1.17%[2] |
| UltraPlay[3] | 5.52% |


[1] Based off of Moneyline (Team A, Team B or Draw) odds
[2] Low limits at these odds. Using the higher limit options as an example, we get 2.11%
[3] Specifically mBitCasino in this example, however UltraPlay odds seem to be consistent

We've now lowered our margins to be on average lower than all our competitors (that are not exchanges).
Now you can get the best odds on major sports at betking.io Smiley


Great! I checked Real Madrid CF vs Liverpool FC and you have a margin of 2.5%, which is lower than all the other books (minus Fairlay, but that's fair that you don't want to compete with them as they have higher withdraw fees & a lot of market makers)

How do you plan on combatting the problems you listed earlier? I'm guessing that you're just keeping limits low and changing the odds as bets are placed to create balance?

Yeah we won't offer huge limits. I mean, probably larger than most average gamblers or some smaller sites allow but not the kind we took on the mayweather fight Smiley
SyGambler
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May 19, 2018, 08:29:46 PM
 #755

hey betking , so I received telegram notification that you lowered your margin so I jumped to check the site again
was planning to bet on tomorrow horse racing events but couldn't find anything related to horse racing , did you remove it for good or betting is only available few hours before the races ?
BetKing.io (OP)
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May 20, 2018, 12:56:57 PM
 #756

hey betking , so I received telegram notification that you lowered your margin so I jumped to check the site again
was planning to bet on tomorrow horse racing events but couldn't find anything related to horse racing , did you remove it for good or betting is only available few hours before the races ?

Looking in to why horses are not showing
schroder55
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May 20, 2018, 05:29:27 PM
 #757

Any current signup bonus?
SyGambler
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May 21, 2018, 12:11:16 AM
 #758

hey betking , so I received telegram notification that you lowered your margin so I jumped to check the site again
was planning to bet on tomorrow horse racing events but couldn't find anything related to horse racing , did you remove it for good or betting is only available few hours before the races ?

Looking in to why horses are not showing

still not showin but good to know that you didn't remove them from the site
btw is the reduced margin now for all sports or just for popular sports ?? will it include horse racing as well ?
BetKing.io (OP)
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May 21, 2018, 08:35:51 AM
 #759

hey betking , so I received telegram notification that you lowered your margin so I jumped to check the site again
was planning to bet on tomorrow horse racing events but couldn't find anything related to horse racing , did you remove it for good or betting is only available few hours before the races ?

Looking in to why horses are not showing

still not showin but good to know that you didn't remove them from the site
btw is the reduced margin now for all sports or just for popular sports ?? will it include horse racing as well ?

The problem seems to be that we only show major meetings.
SyGambler
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May 21, 2018, 08:36:51 PM
 #760

hey betking , so I received telegram notification that you lowered your margin so I jumped to check the site again
was planning to bet on tomorrow horse racing events but couldn't find anything related to horse racing , did you remove it for good or betting is only available few hours before the races ?

Looking in to why horses are not showing

still not showin but good to know that you didn't remove them from the site
btw is the reduced margin now for all sports or just for popular sports ?? will it include horse racing as well ?

The problem seems to be that we only show major meetings.

hmm ok do you have an idea when the markets get listed in the site in case the odds provider will list them ?? the day of the race or the day before ?
I'm only looking for IRE and GB events and these I guess are considered major events unlike races from other countries
before reducing the margin I was able to find these but didn't bet since the margin was so high and was getting better prices in betfair
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