DirectBet – LIVE Sportsbook & Racebook. Now Accepting Ether !

[Harib]

I've had more bets rejected by DirectBet than any book I've ever experienced - non-steaming lines which I'm surprised anyone else is betting.
I know they're not all being bet here.

I imagine your line service is taking them from elsewhere and moving them as they're moving elsewhere. I'll guess from Betfair.
But if you're constantly moving on air like that and rejecting bets, you're losing a lot of business.

The book whose lines you're copying took a bet and then moved. You've taken no bet but moved the line anyway.

Perhaps you could consider being a little more lenient on these.

I waste a lot of time sending these, and then checking to make sure they're returned.

I sent you a bet 17 minutes ago, it was rejected, it seems for some reason there are no confirmations yet so it hasn't been sent back yet.

[DirectBet]

I've had more bets rejected by DirectBet than any book I've ever experienced -

Would you please PM me your bet IDs, so that I can look into why they were rejected, advise you how to avoid such rejections in the future and see if there is anything that we can improve on our end ?

Generally, to avoid rejections you should use the Flexible Odds or Negotiate Odds betting option.

Consider this :

Instead of placing a bet at odds of 2 with the "Firm Odds" betting option, you can select "Negotiate Odds" and set the minimum required odds to 2.

Now if by the time your transfer is received the odds changes, then instead of getting a rejection you will have the following 3 options :

1) Cancel and reject the bet (just like the "Firm Odds" does).

2) Accept the new lower odds.

3) Wait for higher odds to become available again.

As you can see, using "Negotiate Odds" is superior to "Firm Odds". There isn't really any advantage or reason to use the "Firm Odds" betting option anymore.

[DirectBet]

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[Rating Place]

I've had more bets rejected by DirectBet than any book I've ever experienced -

Would you please PM me your bet IDs, so that I can look into why they were rejected, advise you how to avoid such rejections in the future and see if there is anything that we can improve on our end ?

Generally, to avoid rejections you should use the Flexible Odds or Negotiate Odds betting option.

Consider this :

Instead of placing a bet at odds of 2 with the "Firm Odds" betting option, you can select "Negotiate Odds" and set the minimum required odds to 2.

Now if by the time your transfer is received the odds changes, then instead of getting a rejection you will have the following 3 options :

1) Cancel and reject the bet (just like the "Firm Odds" does).

2) Accept the new lower odds.

3) Wait for higher odds to become available again.

As you can see, using "Negotiate Odds" is superior to "Firm Odds". There isn't really any advantage or reason to use the "Firm Odds" betting option anymore.

Using negotiate is the same as making an offer on an exchange with only the book being able to accept it. In essence, playing against a bot that sees the changes in the game quicker than the player.

Personally, I like to make a bet and get instant confirmation/rejection. I don't want to be stuck with a stale line. I'm sure that others don't mind making an offer (negotiate).

[DirectBet]

[Using negotiate is the same as making an offer on an exchange with only the book being able to accept it.

Not exactly. If you use 'Negotiate Odds' and set the minimum odds to the current odds (default), then it's not really negotiating, it is EXACTLY the same as selecting 'Firm Odds', except that you are given more options in case your bet is not confirmed instantly.

These options are :

1) Cancel and reject the bet (just like the "Firm Odds" does).

2) Accept the new lower odds.

3) Wait for higher odds to become available again.

This is also applicable before the start of the game. There isn't really any reason to use the 'Firm Odds' option anymore, that's because if your bet is not confirmed upon arrival you have the option to cancel it immediately which is the exact same behavior of the 'Firm Odds' betting option.

Another usage of the 'Negotiate Odds' option is to set the odds to an unrealistic number. Once again the purpose is not really to negotiate but rather to make a deposit. Then, once your bet is transferred, you can set the minimum odds to the current odds for immediate bet confirmation, similar to the way it works with typical deposit books.

[Rating Place]

[Using negotiate is the same as making an offer on an exchange with only the book being able to accept it.

Not exactly. If you use 'Negotiate Odds' and set the minimum odds to the current odds (default), then it's not really negotiating, it is EXACTLY the same as selecting 'Firm Odds', except that you are given more options in case your bet is not confirmed instantly.

 Negotiate is not the same as placing a firm odds bet with a sports book.

Negotiate is identical to an exchange except you are only playing against a bot. Your offer can be accepted immediately. If it's not accepted, then you can take it down or leave it up.

[DirectBet]

Negotiate is not the same as placing a firm odds bet with a sports book.

I'm specifically referring to the unique 'Negotiate Odds' feature at DirectBet and not to other books.

At DirectBet, if you use 'Negotiate Odds' and set the minimum odds to the current odds (default), then your bet will be processed EXACTLY the same as selecting 'Firm Odds' except that with 'Negotiate Odds' you are given more options what to do in case your bet can not be confirmed instantly due to odds decrease.

[DirectBet]

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[DirectBet]

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[Harib]

I'm specifically referring to the unique 'Negotiate Odds' feature at DirectBet and not to other books.

At DirectBet, if you use 'Negotiate Odds' and set the minimum odds to the current odds (default), then your bet will be processed EXACTLY the same as selecting 'Firm Odds' except that with 'Negotiate Odds' you are given more options what to do in case your bet can not be confirmed instantly due to odds decrease.

'Negotiate Odds' is worthless to me for multiple reasons:

1) If I accept lesser odds, in many cases I'm going to bet less.

2) I want to make a bet, not possibly make a bet. I'll look elsewhere.

3) If I send "Negotiate Odds" and the odds are now worse (which is the case about 80% of the time I'd estimate), I'm going to look elsewhere.
So 5 minutes later I find what I want on that play and bet it elsewhere.

Now I return to your site to cancel, and find that the odds have returned to my price, your system has auto bet it for me (as it's supposed to)and now I've double bet the play.

I could find the play elsewhere, and first go back to your site and cancel, then return and bet it elsewhere. But in the interval that may cost me the play at the other site due to movement.

4) It's pretty easy to forget about cancelling the "Negotiate Odds" play, especially if it's for much later or another day.
I may no longer want it.

5) As Peeps points out, if the line moves back, it's because your bot or scraper has recorded it moving back elsewhere. I can perhaps  get a better price at the "elsewhere" books.

6) The time going back and cancelling, etc., is a time waster and a needless extra task.

I could come up with more, but basically, "Negotiate Odds" benefits DirectBet, not this customer.

All of the above should be apparent to anyone who has spent time sportsbetting.

[Harib]

I may as well mention:

To date, although I've lost over $2500 all together at DirectBet, I have never received one Satoshi from your bonus program, nor do I ever expect to.

I would guess that this is the case for about 90% of your customers.

[Rating Place]

DirectBet- You should listen to Harib. He knows what he's talking about. Even your push rules where you refuse to refund bets benefits DirectBet.

[Harib]

To be clear - Unlike Peeps, I like many things about DirectBet. It's the btc book I use 2nd most (although a lot less than the 1st  I use).

If you had a deposit feature, I'd be able to get in more bets. It's frustrating to lose so many.

Perhaps "Negotiate Odds" helps other customers who approach things differently.

Perhaps also the Bonus program benefits other customers. I only mention it because you always point it out if someone says your odds are low on something, and wanted to point out that for me at least it does not help lower the price.


I'd also like to mention that unlike Peeps and some others, once I send a bet, it is always either Confirmed or Rejected rapidly.

I've never had a problem regarding this.

[Harib]

I should add that I've never Live bet on the site.

[Rating Place]

I should add that I've never Live bet on the site.

What sports do you bet at DirectBet? I've never seen the best price, or even close, in any American market. The loss on a push nullifies all plays on quarters and halves. It occurs approximately 6% of the time.

Why the back track on negotiate odds? You already posted the pitfalls.

[Rating Place]

If I were going to bet on the Mariners vs. Boston baseball game and I chose the Mariners, does the @1.92 mean that I would win 192% of my bet back. And if I were to bet on the other thing that wasn't the money and it says SEA -1.5 @ 2.44 would that mean I win 244% of my bet back? Can someone explain this to me please?

If you bet $1 @ 1.92 then you would get $1.92 back so you would win $.92
If you bet $1 @ 2.44 then you would get $2.44 back so you would win $1.44

If you are more familiar with American odds, then you can switch. On the bottom right above where is says bitcoin, click decimal and it will switch to American odds.

[Rating Place]

If I were going to bet on the Mariners vs. Boston baseball game and I chose the Mariners, does the @1.92 mean that I would win 192% of my bet back. And if I were to bet on the other thing that wasn't the money and it says SEA -1.5 @ 2.44 would that mean I win 244% of my bet back? Can someone explain this to me please?

If you bet $1 @ 1.92 then you would get $1.92 back so you would win $.92
If you bet $1 @ 2.44 then you would get $2.44 back so you would win $1.44

If you are more familiar with American odds, then you can switch. On the bottom right above where is says bitcoin, click decimal and it will switch to American odds.

I'm not very familiar with either one. The SEA -1.5 @ 2.44 is in a different category than the money line. So the money line is just whoever wins you get that amount back?

Sea would have to win by 2 runs or more for you to win. Then betting $1 would win you $1.44.

[DirectBet]

I should add that I've never Live bet on the site.

If you place your bets before the start of the game you should rarely encounter a rejection.

Please PM me your rejected bet IDs, I'd like to look into it.

You say that you get 80% rejections. Something is not right. I'd really appreciate if you can send me the bet IDs.

If you had a deposit feature, I'd be able to get in more bets. It's frustrating to lose so many.

You can use the Negotiate Odds feature to first deposit the bet and then get it confirmed immediately.

This is explained in more details here : https://bitcointalk.org/index.php?topic=393147.msg7708830#msg7708830

Although you don't really need to do that pre-game. It's mainly useful in-play when you are not sure whether your bet transfer will be sent out immediately.

'Negotiate Odds' is a great feature for advanced users. It provides you with better control over your bets and if you are willing to spend some time it can be used to obtain higher odds for your bets, on average.

In regards to your comments I'd like to point out that if your bet did not confirm and you want to put it on hold you can simply set the minimum odds to an unrealistic number. This will prevent you from ending up with double bets.

Also note that if the line moves back and as a result your bet is confirmed, the confirmed odds are set to the best available odds at the time, which in many cases would be higher than the minimum odds that you specified.

The Negotiate Odds also allows you to lock in better odds even if they get there for just a short period of time, something that you might not be able to do manually.

[Rating Place]

I should add that I've never Live bet on the site.

If you place your bets before the start of the game you should rarely encounter a rejection.

Please PM me your rejected bet IDs, I'd like to look into it.

You say that you get 80% rejections. Something is not right. I'd really appreciate if you can send me the bet IDs.

If you had a deposit feature, I'd be able to get in more bets. It's frustrating to lose so many.

You can use the Negotiate Odds feature to first deposit the bet and then get it confirmed immediately.

This is explained in more details here : https://bitcointalk.org/index.php?topic=393147.msg7708830#msg7708830

Although you don't really need to do that pre-game. It's mainly useful in-play when you are not sure whether your bet transfer will be sent out immediately.

'Negotiate Odds' is a great feature for advanced users. It provides you with better control over your bets and if you are willing to spend some time it can be used to obtain higher odds for your bets, on average.

In regards to your comments I'd like to point out that if your bet did not confirm and you want to put it on hold you can simply set the minimum odds to an unrealistic number. This will prevent you from ending up with double bets.

Also note that if the line moves back and as a result your bet is confirmed, the confirmed odds are set to the best available odds at the time, which in many cases would be higher than the minimum odds that you specified.

The Negotiate Odds also allows you to lock in better odds even if they get there for just a short period of time, something that you might not be able to do manually.

 Untrue and misleading. If you do get better odds it's that there has been a change in the game that's in favor of DirectBet. The odds have changed everywhere and the player is getting odds that are much worse than market price.

[DirectBet]

The odds have changed everywhere and the player is getting odds that are much worse than market price.

What you are saying is true when you bet in a betting exchange, but not when you use our Negotiated Odds feature.

It's not the same thing. You should give it a try once and see for yourself.

This is one of the advantages our Negotiated Odds feature has over a betting exchange.

Here is a relevant example :

Suppose you place a bet in-play in a betting exchange and ask for odds of 2 when the market price is 1.90.

A few seconds later, something changes in the game and the market price goes up to 2.5

Your unmatched bet on the exchange will be filled at odds of 2, the odds that you requested. As a result, you are getting a bet at a much worse price than the market price.

Now take that example and apply it to the unique Negotiated Odds feature that DirectBet provides.

In this case, your bet will be confirmed at odds of 2.5, even though you asked for odds of 2 !

That's because we have designed the Negotiated Odds feature to be extremely favorable to our players.

I don't know of any other book in the world that offers such a unique and favorable feature for its players.

If you do get better odds it's that there has been a change in the game that's in favor of DirectBet.

Your bet might confirm at higher odds even when there is no significant change in the game.

There can be various reasons for that, for example, odds might be temporarily reduced in-play when they are not reliable and later on go back up once the lines are established. The Negotiate Odds feature allows you to capitalize on that and take the higher odds automatically.

If something happens during the game and as a result you are no longer interested in the bet, you can cancel it. Before confirming your negotiated bet in-play, our automated betting system first check to see if you requested a cancelation and if so your bet will not confirm.

If you did not request a cancelation, your bet will be confirmed at the best available odds to reflect the situation in the game. This will often be at higher odds than the minimum specified.