mBet.io Sportsbook 6 BTC Welcome Bonus

[shanem]

This promotion is useful if you bet regularly in a sportsbook. Although it takes a lot of bet before you can unlock the bonus, it is still a better deal than most sportsbook where you don't get any bonus even if you make lots of bet.

[mBet_Shaun]

Ok so we have launched our affiliate program. I don't know if this is the right place to announce it (if not can someone point me in the right direction).

I will add screen grabs and a training video over the next few days, if anyone has any questions feel free to PM me.

You can access the program here:  https://partners.mbet.io

[Barcode_]

The offer seems to good to be true, by depositing just 5 mBTC into your account on the site, the user will get a 6 BTC welcome bonus from the admin, with the points system used by the site to finish up the bonus before users are allow to withdraw, it would take a super long period of time to complete that requirement.

[mBet_Shaun]

The offer seems to good to be true, by depositing just 5 mBTC into your account on the site, the user will get a 6 BTC welcome bonus from the admin, with the points system used by the site to finish up the bonus before users are allow to withdraw, it would take a super long period of time to complete that requirement.

The player can withdraw their deposit at any time! 

The bonus will be released as the points are earned, the bonus is about rewarding players all year round.  Every time the player earns 10000 points we will release 10 mBTC into the player wallet, the player can choose to withdraw that 10 mBTC or play with it.  We are not saying that the player will guaranteed release the full 6 BTC that will depend on how often they wager.

We will also on occasion run extra bonus point promotions that will make it faster to receive the 10 mBTC increments.

[panjul07]

The offer seems to good to be true, by depositing just 5 mBTC into your account on the site, the user will get a 6 BTC welcome bonus from the admin, with the points system used by the site to finish up the bonus before users are allow to withdraw, it would take a super long period of time to complete that requirement.

It is not too good to be true if you understand how the bonus works, as it is a hard thing to do to get the bonus points and get 10mbtc for every 10,000 collected points. The bonus is released per 10k points so if you are a regular sports bettor, I think it wont be so long to collect 10k points.

[kryptqnick]

The offer seems to good to be true, by depositing just 5 mBTC into your account on the site, the user will get a 6 BTC welcome bonus from the admin, with the points system used by the site to finish up the bonus before users are allow to withdraw, it would take a super long period of time to complete that requirement.

The player can withdraw their deposit at any time! 

The bonus will be released as the points are earned, the bonus is about rewarding players all year round.  Every time the player earns 10000 points we will release 10 mBTC into the player wallet, the player can choose to withdraw that 10 mBTC or play with it.  We are not saying that the player will guaranteed release the full 6 BTC that will depend on how often they wager.

We will also on occasion run extra bonus point promotions that will make it faster to receive the 10 mBTC increments.

Okay, the bonus thing seems very logical and fair, but I do think that you should sign a message to confirm having 6 btc as well as provide some evidence that withdrawal from the website is really working. Don't get me wrong, I don't think you are trying to scam people but given that you're a newbie on this forum there isn't much for you to risk with the trust if something goes wrong. Why not to do that? I am sure it would encourage people a lot more to use your website.

[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!

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"??

You can make a poll about customers reading the terms and conditions and you will see that over 90% will not read it prior to depositing money!

If you want to reward your customers all year round then reload bonuses or VIP programs are better than promoting a first deposit bonus that can be never cleared.

"BETA"? The Jetwin sportsbook is surely since several years on the market.

[mBet_Shaun]

@Tenderino  I would like to take the opportunity to defend the people on this forum, we have found them to be informed and helpful. 

This promotion is clearly for people with a lower IQ range

They are NOT as you suggest all low IQ!

And how many customers read the terms and conditions? Maybe 1%?

Im glad to see that you revised your numbers up from the 1% of users you first claimed read terms and conditions.  Our studies tell a very different story, that is; if you direct a user to the terms and conditions rather than hiding them and make them short and concise then most will read them.

We take your comments on reload bonuses and VIP programs on-board, but we stand by our promotion and believe that without a doubt that this is the best way to reward our players.

[mBet_Shaun]

@kryptqnick    Let me assure you all players are getting paid.  You know as well as I do, the moment that we don't pay someone the forum will be the first to hear about it.

The only way we can prove to you that people are getting paid is if they come in here and confirm they have been paid, that's something I cant control.

Thanks for your input.

[Tenderino]

@Tenderino  I would like to take the opportunity to defend the people on this forum, we have found them to be informed and helpful. 

This promotion is clearly for people with a lower IQ range

They are NOT as you suggest all low IQ!

And how many customers read the terms and conditions? Maybe 1%?

Im glad to see that you revised your numbers up from the 1% of users you first claimed read terms and conditions.  Our studies tell a very different story, that is; if you direct a user to the terms and conditions rather than hiding them and make them short and concise then most will read them.

We take your comments on reload bonuses and VIP programs on-board, but we stand by our promotion and believe that without a doubt that this is the best way to reward our players.

I spoke about your potential customer audience and not about the people on this forum! Wow, I deposit 10mBTC and will get 6 BTC as a bonus. No one clear in mind can believe that nonsense and they will indeed never see even 1% of that 6 BTC.

You can gladly publicise the result of your read the terms and condition studies, as I have never seen any, but reading the posts on this forum the number must be very low.

[Joel_Jantsen]

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.

What are you terms and conditions for withdrawing ? Would you ask for documents/proof of identity of requested high withdrawals ? Is there a way to check the bonus is being distributed at regular intervals ? You know ,people like trans

[quote author=mBet_Shaun link=topic=2516933.msg25705827#msg25705827 date=
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.
[/quote]
I see what you did there ,yes sportsbet.io are scammers.I hope you guys can become better than them by being transparent.

[mBet_Macyn]

What are you terms and conditions for withdrawing ? Would you ask for documents/proof of identity of requested high withdrawals ? Is there a way to check the bonus is being distributed at regular intervals ? You know ,people like trans

There's a progress bar that shows up in your navigation that tracks your bonus progress, that'll keep you up on the intervals you'll be receiving the bonus. There's no turnover requirements, see our Terms and Conditions for the specific rules surrounding withdrawals.

[veleten]

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!

then feel free to not participate in this bonus promotion
all customers should read terms and conditions,what are you talking about? if you deposit to a site you have no idea what to expect from
i.e. you do not know if they even allow you to withdraw in your country of origin then you are low IQ indeed
this bonus is way better than the usual "deposit xxx and wager xxxxx times before withdrawing"
also something new and creative,well done!

[BTCevo]

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. 

Thanks for clearing this thing up for me so I will know how much I should need to wagered around

For OP, you said that there is min deposit around 5 mbtc to claim 6 btc, how about if I deposit more thsn 5 mbtc? The chance to get 6 btc will be increase? And how long this promotion will do?

[mBet_Shaun]

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. 

Thanks for clearing this thing up for me so I will know how much I should need to wagered around

For OP, you said that there is min deposit around 5 mbtc to claim 6 btc, how about if I deposit more thsn 5 mbtc? The chance to get 6 btc will be increase? And how long this promotion will do?

5mBTC or 5 BTC will all give you the same bonus balance.  The promo is not about how much you deposit it is about how often you bet.  We will always have a similar bonus, the bonus balance will vary at different times.

[DARKANGEL6415]

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.

I have to agree with you on this statement on the bonus terms being unique. Sometimes you get the people who just want to say negative reviews for anything it seems like without any proof. Now i know the bonus is not something that is earth moving compared to many upfront bonuses but at least something is being offered to players.

[Sangkuni]

where slots game? i just interest with slots game in mbet with cheap minimum bet, but now, slots game are missing from this site

[mBet_Shaun]

where slots game? i just interest with slots game in mbet with cheap minimum bet, but now, slots game are missing from this site

Fundamentally we are a sportsbook but we will bring back slots after an update to the slots interface. 

[debuni]

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.

I have to agree with you on this statement on the bonus terms being unique. Sometimes you get the people who just want to say negative reviews for anything it seems like without any proof. Now i know the bonus is not something that is earth moving compared to many upfront bonuses but at least something is being offered to players.

The bonus claims are 100% click bite.
But the bonus makes sense if you bet and wager a lot. Similar bonus with very very similar terms have Cloudbet from years (5 BTC Welcome bonus). The bonus is equal to 1.25% cash back on odds >2.

P.S. Just checked the site:

BUT odds are terrible... 7-9% cut-off @ on Ameicans. LOL

[Lionidas]

The offer seems to good to be true, by depositing just 5 mBTC into your account on the site, the user will get a 6 BTC welcome bonus from the admin, with the points system used by the site to finish up the bonus before users are allow to withdraw, it would take a super long period of time to complete that requirement.

It is not too good to be true if you understand how the bonus works, as it is a hard thing to do to get the bonus points and get 10mbtc for every 10,000 collected points. The bonus is released per 10k points so if you are a regular sports bettor, I think it wont be so long to collect 10k points.

Sites who offer these kinds of amounts as a total win with to do with deposits, need to add this sort of thing so to have the player keep betting.
It is a tier system so the more you bet the more you level up so to get to the bonus stage in order to receive the bonus in the first place.
Usually you get only about 10%-17% of what you actually spend when you are claiming for bonuses to be paid out.