mBet.io Sportsbook 6 BTC Welcome Bonus

[mBet_Shaun]

So we have now officially been open for a little over a week.

I wont mess about with a lot of marketing dribble, we are simply offering 6 BTC bonus balance with your first deposit of 5 mBTC or more.  At the moment it is only available for bitcoin we will look at including the other currencies in the future. You can see the terms and conditions on the site.

We are not going to promise the biggest bets, we are not going to give you first class tickets around the world, what we will offer is a great bonus with heaps of sports, stacks of leagues and a huge range of markets. We also accept bets in Bitcoin, Ethereum, Litecoin and Dash.





You can check out what other said about our platform during testing here:  https://bitcointalk.org/index.php?topic=2305013.0

As always we will be around to field questions.

[LORD money]

6 btc? seriously?? 
I imagine you have to wager all before withdrawing also a cent, am I right?

[mBet_Shaun]

6 btc? seriously?? 
I imagine you have to wager all before withdrawing also a cent, am I right?

You can read the general terms here  https://mbet.io/Home/BonusActive

[Bitinity]

6 btc? seriously?? 
I imagine you have to wager all before withdrawing also a cent, am I right?

You can read the general terms here  https://mbet.io/Home/BonusActive

I dont find info about wagering requirement about the bonus. Does it mean once I collect 10,000 points and get 10mbtc, I can withdraw this 10mbtc?
It is obviously a new bonus as I have never seen similar bonus like what you have before, but I think it is very hard to get those 10,000 points. Sorry if my math is bad, but as per my calculation I need to wager on sportsbook 10,000/12.5= 800mbtc with 2x odds or higher (will need to wager more mbtc if the odds less than 2). Or I need to wager more than 2btc on casino games to get 10mbtc bonus. Correct me if I'm wrong.

[mBet_Shaun]

I dont find info about wagering requirement about the bonus. Does it mean once I collect 10,000 points and get 10mbtc, I can withdraw this 10mbtc?
It is obviously a new bonus as I have never seen similar bonus like what you have before, but I think it is very hard to get those 10,000 points. Sorry if my math is bad, but as per my calculation I need to wager on sportsbook 10,000/12.5= 800mbtc with 2x odds or higher (will need to wager more mbtc if the odds less than 2). Or I need to wager more than 2btc on casino games to get 10mbtc bonus. Correct me if I'm wrong.

Thanks for taking the time to review the terms.

Once you reach the 10,000 Bonus points you can withdraw the 10mBtc it will be deposited into your account as cash. 

Your correct if you were to place a number of bets that total a stake of 800 mBtc, with a price score of one, you would release a 10 mBtc into your player account as cash, this can be withdrawn with no further requirements.

There are no restrictions on the types or wagers you can place, or the events you can wager on.  All bets contribute to your bonus points balance. 

Unlike other bonus programs this doesn't just reward new players it rewards players for the entire 365 days.  Remember that you only have to deposit 5 mBTC to qualify for the 6 BTC bonus balance.

****  We will from time to time run 2x, 3x or 4x bonus point promotions on specific events or bet type,  giving our player the ability to release the bonus even faster.  ****

[BTCevo]

So you mean that if we deposit only 0.005 btc we might have a chance to get 6 btc but only if we achive 10,000 point to get 0.01 btc? That means we need to get 6,000,000 point in order to get 6 btc? Is this right? Or we might only get as much as we deposit?

And how much wagered for 1 point? I can't find it on your tab there

[panjul07]

And how much wagered for 1 point? I can't find it on your tab there

There is a clear information about the formula to calculate bonus points. Let me quote it for you:

Sportsbook:
Bonus points = stake (in mBTC) x price score (up to 1) x 12.5. The price score is the square root of the odds, minus one (decimal odds). The maximum price score is 1.

Casino:
Bonus points = stake (in mBTC) x 4.25

So you can calculate with your calculator on how much you need to wager to get 1 point. 

[mBet_Shaun]

@BTCevo If you deposit 5 mBTC you will have a bonus balance of 6 BTC


@panjul07 Thanks

[piloder]

Bonus points = stake (in mBTC) x price score (up to 1) x 12.5. The price score is the square root of the odds, minus one (decimal odds). The maximum price score is 1.

So if we will bet 5mBtc in any game with 2.5x odd than bonus point we can get is;

5 x (1.58113883008419 - 1 ) x 12.5 = 36 Bonus points

We’ll release 10 mBTC for every 10000 bonus points you earn.

So basically we have to bet 5mBtc atleast 277+ times on game of similar odd to get 10mBtc from this bonus. Which is almost like 100x wagering requirement...

Anyway nice promo and quite unique one for sportsbook.

[mBet_Shaun]

Bonus points = stake (in mBTC) x price score (up to 1) x 12.5. The price score is the square root of the odds, minus one (decimal odds). The maximum price score is 1.

So if we will bet 5mBtc in any game with 2.5x odd than bonus point we can get is;

5 x (1.58113883008419 - 1 ) x 12.5 = 36 Bonus points

We’ll release 10 mBTC for every 10000 bonus points you earn.

So basically we have to bet 5mBtc atleast 277+ times on game of similar odd to get 10mBtc from this bonus. Which is almost like 100x wagering requirement...

Anyway nice promo and quite unique one for sportsbook.

Your calculation is correct.  But this is not like any other promo, in that it is on all bets, any time, all the time, until you have managed to release the entire bonus balance. 

When you bet with your current sportsbook they don't give you a bonus on the majority of your bets, so most of the time you are betting with them you're getting NO bonus.  We want to reward players all the time, rather than just giving them a carrot for a first deposit.

[kryptqnick]

Okay, you're saying you have 6 btc and people can get some part of this money if they deposit some btc onto your website. Can you at least sign a message confirming that you have sufficient funds? And, as the casino is new, people probably need some confirmations that it is possible to withdraw money from out there.
You've got the hell lot of games out there, I guess I've never seen so many in one casino. However, what is kind of annoying is that it takes a lot of time for games to open...
What is interesting is that you're planning to launch your own ico. Perhaps you should start a sig campaign on that.

[mBet_Shaun]

Okay, you're saying you have 6 btc and people can get some part of this money if they deposit some btc onto your website. Can you at least sign a message confirming that you have sufficient funds? And, as the casino is new, people probably need some confirmations that it is possible to withdraw money from out there.
You've got the hell lot of games out there, I guess I've never seen so many in one casino. However, what is kind of annoying is that it takes a lot of time for games to open...
What is interesting is that you're planning to launch your own ico. Perhaps you should start a sig campaign on that.

Hi kryptqnick,

We are no longer running an ICO as the community didnt seem to have the appetite for another gambling ICO.

I think you have the message in regards to the bonus a little confused.  We are offering normal betting activity with a bonus released based on the activity of the player.  The 6 BTC is the nominal maximum amount a player could receive from the bonus.

Im very interested in the speed issue you raised in relation to the loading of some match pages.  If its not to much to ask could you list the pages that you had a speed issue with so that we can attempt to address that, we are always trying to improve the player experience.

Thanks for the feedback.

[piloder]

We are no longer running an ICO as the community didnt seem to have the appetite for another gambling ICO.

Oh I have forgot about the ICO you guys where trying to run before, that might be the reason why I am not seeing those free 100 MBET token in my dashboard today 

Your calculation is correct.  But this is not like any other promo, in that it is on all bets, any time, all the time, until you have managed to release the entire bonus balance. 

Yeah I got that so minimum amount of bonus we can redeem is 10mBtc ?

[mBet_Shaun]

We are no longer running an ICO as the community didnt seem to have the appetite for another gambling ICO.

Oh I have forgot about the ICO you guys where trying to run before, that might be the reason why I am not seeing those free 100 MBET token in my dashboard today 

Your calculation is correct.  But this is not like any other promo, in that it is on all bets, any time, all the time, until you have managed to release the entire bonus balance. 

Yeah I got that so minimum amount of bonus we can redeem is 10mBtc ?

We paid out all players that where eligible and had MBT tokens in ETH.  We thought it was only fair, since they helped us test the system, of course there were some guys that just camped on the 100 MBT's and there were others that had numerous accounts we didnt pay either of these groups.

We made the minimum 10mBTC so that the bonus would be substantial.  If the community would like to see the bonus be shifted to 5mBTC for 5000 points this is something we would entertain.

[kryptqnick]

snip

Im very interested in the speed issue you raised in relation to the loading of some match pages.  If its not to much to ask could you list the pages that you had a speed issue with so that we can attempt to address that, we are always trying to improve the player experience.

Thanks for the feedback.

Yes, sure. At first I tried loading DaVinci codex. It took about 30 seconds to load (maybe that is not that much but it is still a lot longer than it usually takes for a page to load). Tesla gets loaded for 15 seconds, Cleopatra - almost 30 seconds. The spins in these games work at normal speed and all the animation is just fine. I guess all these games in the Slots section are loaded a bit slow, whereas all other pages are loaded in less than 5 seconds, so in general this website works fine for me 

[mBet_Shaun]

snip

Im very interested in the speed issue you raised in relation to the loading of some match pages.  If its not to much to ask could you list the pages that you had a speed issue with so that we can attempt to address that, we are always trying to improve the player experience.

Thanks for the feedback.

Yes, sure. At first I tried loading DaVinci codex. It took about 30 seconds to load (maybe that is not that much but it is still a lot longer than it usually takes for a page to load). Tesla gets loaded for 15 seconds, Cleopatra - almost 30 seconds. The spins in these games work at normal speed and all the animation is just fine. I guess all these games in the Slots section are loaded a bit slow, whereas all other pages are loaded in less than 5 seconds, so in general this website works fine for me 

thanks for that

[Tenderino]

Bonus points = stake (in mBTC) x price score (up to 1) x 12.5. The price score is the square root of the odds, minus one (decimal odds). The maximum price score is 1.

So if we will bet 5mBtc in any game with 2.5x odd than bonus point we can get is;

5 x (1.58113883008419 - 1 ) x 12.5 = 36 Bonus points

We’ll release 10 mBTC for every 10000 bonus points you earn.

So basically we have to bet 5mBtc atleast 277+ times on game of similar odd to get 10mBtc from this bonus. Which is almost like 100x wagering requirement...

Anyway nice promo and quite unique one for sportsbook.

This bonus offer is absolutely misleading, because customers will be not able to even wager and receive a fraction of it! And how many customers read the terms and conditions? Maybe 1%? This promotion is clearly for people with a lower IQ range and this together with the circumstance that you are only since one week on the market, it looks like a deposit trap!

[amacar2]

This bonus offer is absolutely misleading, because customers will be not able to even wager and receive a fraction of it! And how many customers read the terms and conditions? Maybe 1%? This promotion is clearly for people with a lower IQ range and this together with the circumstance that you are only since one week on the market, it looks like a deposit trap!

Their bonus terms is quite unique but I will not say it as just deposit trap, this sportsbook is around here for quite some time from beta to now full launch and many have already tried. I think I also have one account there but haven't played with real bitcoin.

This bonus is not mandatory one and it will not lock our initial deposit so I don't think we have to worry about getting stucked with wagering requirement.

[mBet_Shaun]

Bonus points = stake (in mBTC) x price score (up to 1) x 12.5. The price score is the square root of the odds, minus one (decimal odds). The maximum price score is 1.

So if we will bet 5mBtc in any game with 2.5x odd than bonus point we can get is;

5 x (1.58113883008419 - 1 ) x 12.5 = 36 Bonus points

We’ll release 10 mBTC for every 10000 bonus points you earn.

So basically we have to bet 5mBtc atleast 277+ times on game of similar odd to get 10mBtc from this bonus. Which is almost like 100x wagering requirement...

Anyway nice promo and quite unique one for sportsbook.

This bonus offer is absolutely misleading, because customers will be not able to even wager and receive a fraction of it! And how many customers read the terms and conditions? Maybe 1%? This promotion is clearly for people with a lower IQ range and this together with the circumstance that you are only since one week on the market, it looks like a deposit trap!

Im sorry that you think so poorly of your fellow community members, to think that they wouldn't review the bonus terms.  Our link for the promotion takes the player directly to the page that has the details of the bonus on it. 

Our bonus is not about someone getting a lump sum bonus once, its about rewarding our players all year round. 

Also I find it a bit hypocritical that you are having a go at us for being a new operator, when your signature sponsor is an operator that is in "BETA"??

[mafia15]

Maybe deposit bonus .. but gonna check this out ..
Wow 6btc bonus ..