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Do I have to make a deposit to receive the "Risk Free Bet"?

Because if I have to make a deposit it is anything but risk-free, considering that you use a domain of the Coingaming scam group and hide the operator!

[LuckyCL]

Hi Shaun

I see the deductions table but I'm trying to do the calculation and it does not fit me. You could explain it using an example please

[mBet_Shaun]

Hi Shaun

I see the deductions table but I'm trying to do the calculation and it does not fit me. You could explain it using an example please

Say you place a $100 bet on a horse with fixed odds of $2.50. There was a late scratching and there was a 36c deduction per dollar (36%). To calculate the payout:

$100 stake x $2.50 odds = $250 face value of ticket (this is what you would have been paid if there were no deductions)
$250 face value of the ticket x 36c deductions per dollar = $90 deducted amount
$250 face value of ticket - $90 deducted amount = $160 actual payout.

[Heritagesports]

Hi Shaun

I see the deductions table but I'm trying to do the calculation and it does not fit me. You could explain it using an example please

Say you place a $100 bet on a horse with fixed odds of $2.50. There was a late scratching and there was a 36c deduction per dollar (36%). To calculate the payout:

$100 stake x $2.50 odds = $250 face value of ticket (this is what you would have been paid if there were no deductions)
$250 face value of the ticket x 36c deductions per dollar = $90 deducted amount
$250 face value of ticket - $90 deducted amount = $160 actual payout.

And do wagers on the scratches horse get refunded?

[LuckyCL]

Yes, refunded


Shaun, I undestand.

I still do not understand my case

I bet stake 5mbtc x 9 odds  + 5mbtc place (Each way). I can win 58mbtc.
But with the scratches horse the deduction are 14% win and 13% place

Finally I won 46.66. I dont know how calculated it

[SyGambler]

can you please add the handicaps for all the soccer games cause not all of them have betting option on handicap , for example was going to bet PSG -2.5 and couldn't find any handicap line for that specific game
other games have these but not all of the games , so it would be nice to have them for all games or at least games that involve the big teams like PSG where betting on ML usually have so tiny odds

[mBet_Shaun]

And do wagers on the scratches horse get refunded?

Yes the wagers on the horse that has been scratched gets refunded.

I still do not understand my case

I bet stake 5mbtc x 9 odds  + 5mbtc place (Each way). I can win 58mbtc.
But with the scratches horse the deduction are 14% win and 13% place

Finally I won 46.66. I dont know how calculated it

I will look into this now and get back to you shortly

can you please add the handicaps for all the soccer games cause not all of them have betting option on handicap , for example was going to bet PSG -2.5 and couldn't find any handicap line for that specific game
other games have these but not all of the games , so it would be nice to have them for all games or at least games that involve the big teams like PSG where betting on ML usually have so tiny odds

Its up to the traders what markets they put up.  But I see your point.  I will bring it up in the products meeting tomorrow morning.

[mBet_Shaun]

@LuckyCL

There was an error in the deduction calc. 

You should have been paid 49.62 as there was only 2 places paid in that race.  I will adjust your account ASAP.

The calc is as follows:

The horse scratched was paying 6.5 at the time of scratching, that's a deduction of 14 for the win and 16 for the place ( I previously told you 13 for the place on the assumption that 3 places would be paid)

THE WIN
5mBTC x 9 = 45
45 x .14 = 6.3
45 - 6.3 = 38.7

THE PLACE
5mBTC x 2.6 = 13
13 x .16 = 2.08
13 - 2.08 = 10.92

So total payout should be:  49.62 mBTC 


Thanks

[LuckyCL]

Thanks
This post will serve us all in the future 

I have another problems now. But send a pm to not bore everyone

[SyGambler]

ok so I asked about listing the max bet in the betslip before and you stated that it's not on your to do list but at least can you please not submit the bet when someone is betting more than what you allow
like if someone is placing 50 mbtc on an event and you have only 30 mbtc max bet your system will submit the 30 mbtc bet and refund the 20 , can you please not do that when someone is betting over the max and just show a message about what the max bet is

it just to make my notes better cause yesterday I was only able to bet 0.25 mbtc on X91 horse so I ended up splitting the bet in two sites and this makes tracking my results a little bit harder

[mBet_Shaun]

ok so I asked about listing the max bet in the betslip before and you stated that it's not on your to do list but at least can you please not submit the bet when someone is betting more than what you allow
like if someone is placing 50 mbtc on an event and you have only 30 mbtc max bet your system will submit the 30 mbtc bet and refund the 20 , can you please not do that when someone is betting over the max and just show a message about what the max bet is

it just to make my notes better cause yesterday I was only able to bet 0.25 mbtc on X91 horse so I ended up splitting the bet in two sites and this makes tracking my results a little bit harder

I have had a look at that bet.  I think that was human error.  I note that you tried to have 2.5 mBTC on it, looks like it was a decimal point issue (human error on our part).  Do you want me to honour the bet of 2.5mBTC 

[SyGambler]

ok so I asked about listing the max bet in the betslip before and you stated that it's not on your to do list but at least can you please not submit the bet when someone is betting more than what you allow
like if someone is placing 50 mbtc on an event and you have only 30 mbtc max bet your system will submit the 30 mbtc bet and refund the 20 , can you please not do that when someone is betting over the max and just show a message about what the max bet is

it just to make my notes better cause yesterday I was only able to bet 0.25 mbtc on X91 horse so I ended up splitting the bet in two sites and this makes tracking my results a little bit harder

I have had a look at that bet.  I think that was human error.  I note that you tried to have 2.5 mBTC on it, looks like it was a decimal point issue (human error on our part).  Do you want me to honour the bet of 2.5mBTC 

hehe of course no 
but I mean in general for future I think it's better to not allow the bets unless the user know what exactly the max bet is
like in bitcoinrush usually the limits of MMA is 37.5 mbtc when the fight isn't happening soon , but when I try to bet 50 mbtc for example an error message will pop up notifying me about the max bet so I can either adjust the bet to their max limit or simply bet somewhere else

[LuckyCL]

I love MBET but now put the odds when there are 2 minutes left for the game, it is very little time  


now I did not reach to bet

[mBet_Shaun]

I love MBET but now put the odds when there are 2 minutes left for the game, it is very little time  


now I did not reach to bet

I appreciate that sometimes we put a price in late, but not often.  In the next 17 hours we have 400 races, thats a race every 2.5 minutes and all have fixed odds.  There is no other book in the world that has this many!

In lesser quality countries we go up late but in countries like the USA the UK, Canada and Australia we go up hours before.  Some times in the premier countries we go up 15 hours before the race.

[SyGambler]

maybe you should consider adding deposits after one confirmation instead of crediting them instantly after the deposit , for sure it's better for players when the site doesn't require confirmation but it's safer for you and prevent players from double spending so they may freeroll you with some bets

[LuckyCL]

Hi Shaun


Why do not American races offer today?

 

[mBet_Shaun]

maybe you should consider adding deposits after one confirmation instead of crediting them instantly after the deposit , for sure it's better for players when the site doesn't require confirmation but it's safer for you and prevent players from double spending so they may freeroll you with some bets

We have a wait time of 3 confirmations on slots but for sports betting we are happy to bet immediately as we don't bet live in the run.

Hi Shaun


Why do not American races offer today?

 

Im sorry buddy but we don't bet every meeting in the world every day, we try, but sometimes we have to prioritise premier markets.  Today we have fixed odds on 8 race meetings in the USA they have several "A" class tracks racing today thats more than any other bookmaker offers!  We also have the Asian season starting with fixed odds betting in both Hong Kong (Sha Tin) and Singapore (Kranji) these are huge race meetings with each single races having more wagered than all races for the whole week combined in Chile.

Our race card for the next 18 hours is:

Charles Town   
Del Mar   
Golden Gate Fields   
Gulfstream
Kentucky Downs   
Saratoga
Alice Springs   
Devonport
Geelong
Kalgoorlie
Moree
Mudgee
Port Augusta   
Toowoomba
Sha Tin   
Singapore
Dresden
Longchamp
Scottsville
Hyderabad
Mauritius
Brighton
Worcester

Thats about 184 Gallops races of 1 race per 5 minutes.

We also have harness racing with fixed odds across 4 countries and around 150 greyhound races.

In total we have a race approximately every 2.5 minutes with some of the largest racing kicking off seasons in the world today.

I hope that helps.  I would like to take this opportunity to thank the racing punters as the take up has been amazing, we hope that your all having a blast, we will try and keep the product up to you, good luck and happy punting!

[mBet_Shaun]

For some reason our last post about the start of the Hong Kong racing season was removed, so I have copied it here.  If anyone can tell me why it was removed it would be appreciated.

我们今天在沙田赛马上有固定的赔率。 www.mbet.io是唯一一款提供投注香港赛马的比特币体育博彩。 我们也有固定赔率投注新加坡赛马。

无风险第一次下注
https://mbet.io/Home/BonusActive


中文不是我的母语所以请原谅任何错误。
Chinese is not my native language so please excuse any mistakes.

[SyGambler]

so is there any plans for the site in future , like focusing more on other sports and lowering the margin a little for at least big soccer leagues like EPL , Liga and Serie A
also can you create a telegram group for the community to chat , that would be nice as well
also I noticed that you offer betting for Bundesliga 2 but you are not offering Bundesliga so can you please add this as well ?

[mBet_Shaun]

so is there any plans for the site in future , like focusing more on other sports and lowering the margin a little for at least big soccer leagues like EPL , Liga and Serie A
also can you create a telegram group for the community to chat , that would be nice as well
also I noticed that you offer betting for Bundesliga 2 but you are not offering Bundesliga so can you please add this as well ?

We are pretty focused on the horse racing and currently the take up has kept as pretty busy.  Our horse racing product is introducing alot of "John the plumber" bitcoin investors to bitcoin gambling. 

I appreciate that you are a sports punter but there are a lot of horse racing punters that only have us as an option and we are working hard to give them a good product. 

As you can see by one of the messages above as soon as we don't have a particular countries races for one day people jump on us.