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Author Topic: #1 RATINGS and REVIEWS of SPORTS BOOKS thread. Poster input appreciated.  (Read 89153 times)
Baitty
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June 30, 2014, 11:38:10 PM
 #1021

Nitrogensports misleads and has mislead a lot of people. There is a big discussion over at the scam accusastion sub-froum with some people talking about a law suit.

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June 30, 2014, 11:56:49 PM
 #1022

Nitrogensports misleads and has mislead a lot of people. There is a big discussion over at the scam accusastion sub-froum with some people talking about a law suit.

Are you referring to "Liquid Nitrogen"?

That is a different company.

If you are referring to the sportsbook NitrogenSports, please provide a link - I couldn't find a thread at the Scam Accusations about them.
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July 01, 2014, 12:29:22 AM
 #1023

Peeps what if we use the BetMoose servers/front-end for transparency (we could modify it a bit too to tag sportsbook deposits) but we create a multi-sig wallet with you also acting as the escrow? We could put it on a private page like trust.betmoose.com or betmoose.com/sportstrust or something.

Or we could re-invest the collateral to BTCjam if the operators want a % yield on storing money but then that adds a layer of risk.

BetMoose.com - Wager on real world events. Profit from predicting the future. Create and share your own contracts.
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July 01, 2014, 01:39:42 AM
 #1024

If these markets are posted on a 3rd-party site or with trustworthy escrow Cointeller.eu will join in immediately.  It might make more sense to do this outside of any site geared toward casino / sports gambling (such as betting exchanges) if possible.

Would anyone be interested in chatting more about this and exploring options on irc, cryptocat, or some equivalent service?
fairlay
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July 01, 2014, 08:19:45 PM
Last edit: July 02, 2014, 01:28:02 AM by fairlay
 #1025

Could we get added in this thread?

We are a prediction market but we offer predictions/(bets) on sport events as well.

We would start with a C since we are online since early 2014. Compare: http://blog.fairlay.com / http://blog.fairlay.com/2014/02/fairlay-beta-promo/

Actually we claim to offer the best odds on the internet.
The reason is that at our site user bet against wach other and we only take a 1% fee. In addition we limit the events according to the number of active users to make sure that there is a liquid market that result in VERY COMPETITIVE odds.

Let me give you a current example:

Brazil - Colombia (to qualify)
Cloudbet: 1.4 - 2.88
Fairlay: 1.45 - 3.128

https://sportsbook.cloudbet.com/?event=73825
https://www.fairlay.com/predict/registered/new/brazil-will-reach-the-next-round-against-colombia/

France - Germany (to qualify)
Cloudbet: 2.12 - 1.67
Fairlay: 2.351 - 1.714


https://sportsbook.cloudbet.com/?event=74133
https://www.fairlay.com/predict/registered/new/france-will-reach-the-next-round-against-germany/

Netherlands - Costa Rica (to qualify)

Cloudbet: 1.21 - 4.4
Fairlay: 1.25 - 4.704

https://sportsbook.cloudbet.com/?event=74005
https://www.fairlay.com/predict/registered/new/netherlands-will-reach-the-next-round-against-costa-rica/


Read about us on:
Coindesk:
http://www.coindesk.com/bitcoins-predict-future

Cryptocoinnews
http://www.cryptocoinsnews.com/news/interview-fairlay-prediction-market-replace-bitcoin-bookies/2014/02/15

or Bitcoin.de: (German)
http://bitcoinblog.de/2014/06/30/mit-bitcoins-auf-wm-spiele-wetten/

www.fairlay.com - the Bitcoin prediction market - the future of reliable information
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July 01, 2014, 08:34:08 PM
 #1026

Peeps Place, or anyone else interested, do you think that we could use a prediction market to provide a measure of trust for bitcoin sportsbooks?  This would provide a means for skeptical bettors to hedge against the risk of fraud. 

One problem with this plan is whether anyone would be willing to bet that the book was not going to disappear (or whatever the contract specified).  At a minimum, the sportsbook itself should be willing to provide some bids to help build confidence.  After all, if they are legit, they would be betting on an outcome that they control.  The only excuse they would have to not do this is a desire not to tie up the capital.  However, they could roll this over as contracts expired.  Any sportsbook lacking the capital required to do this should be extremely worrisome for that reason alone.

An additional issue with this plan is, of course, the reliability of the prediction market itself.  There seem to be a few of these that have now emerged as fairly stable.  Some, such as Predictious, have also demonstrated a level of transparency that is, so far, unheard of among the sportsbooks themselves.  (At least they have an address, a verifiable company name and a legal jurisdiction!)  Ironically, some of the legal limitations that are a principal reason for both sportsbook owners and players to prefer anonymity might not apply to a bet on whether the sportsbook would "go Madoff".

The final challenge I see would be structuring the contract in an objective way, allowing verification without requiring the prediction market to launch a huge investigation.   This is an issue, but I think that it could be addressed.

A couple of near-term examples would be:

  "Nitrogensports / Anonibet to pay out 20 BTC World Cup contest bonus." 

Since these books have taken pains to provide transparency to these contests, it should be possible to verify these outcomes.  In effect, the bonus amount could be held in escrow by the market. Players participating in these contests could do so with confidence, and could hedge against the fraud risk, if desired.

Has this been suggested, or even tried, before?



We obviously like this concept very much.
We already are doing something like this for exchanges: https://www.fairlay.com/event/category/bitcoin/bad-news/
This are predictions wether a certain Bitcoin exchange will not be accessible for some time.

You already mentioned some of the problems - how is willing to take the other side and how could it be resolved objectively? What if a user claims that he did not get his funds?

www.fairlay.com - the Bitcoin prediction market - the future of reliable information
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July 01, 2014, 08:40:40 PM
 #1027

Could we get added in this thread?

We are a prediction market but we offer predictions/(bets) on sport events as well.

We would start with a C since we are online since early 2014. Compare: http://blog.fairlay.com / http://blog.fairlay.com/2014/02/fairlay-beta-promo/

Actually we claim to offer the bets odds on the internet.
The reason is that at our site user bet against wach other and we only take a 1% fee. In addition we limit the events according to the number of active users to make sure that there is a liquid market that result in VERY COMPETITIVE odds.

Let me give you a current example:

Brazil - Colombia (to qualify)
Cloudbet: 1.4 - 2.88
Fairlay: 1.45 - 3.128

https://sportsbook.cloudbet.com/?event=73825
https://www.fairlay.com/predict/registered/new/brazil-will-reach-the-next-round-against-colombia/

France - Germany (to qualify)
Cloudbet: 2.12 - 1.67
Fairlay: 2.351 - 1.714


https://sportsbook.cloudbet.com/?event=74133
https://www.fairlay.com/predict/registered/new/france-will-reach-the-next-round-against-germany/

Netherlands - Costa Rica (to qualify)

Cloudbet: 1.21 - 4.4
Fairlay: 1.25 - 4.704

https://sportsbook.cloudbet.com/?event=74005
https://www.fairlay.com/predict/registered/new/netherlands-will-reach-the-next-round-against-costa-rica/


Read about us on:
Coindesk:
http://www.coindesk.com/bitcoins-predict-future

Cryptocoinnews
http://www.cryptocoinsnews.com/news/interview-fairlay-prediction-market-replace-bitcoin-bookies/2014/02/15

or Bitcoin.de: (German)
http://bitcoinblog.de/2014/06/30/mit-bitcoins-auf-wm-spiele-wetten/

Fairly- Welcome to the thread and feel free to post. The ratings aren't solely determined by the time in business. A rating cap is set for the amount of time in business. An opening rating will be given soon. Hopefully there will be some poster feedback. GL

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July 01, 2014, 09:45:24 PM
 #1028

Fairly - Are the offers that are up in Bitcoins or another currency? Is your market seeded?

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July 02, 2014, 01:27:43 AM
 #1029

Yes - we are a "Bitcoin only" site. All amounts on our site are in mBTC.

What to you mean with "seeded"? Wether we received a seed funding? Yes we did.
Or do you mean something else?

www.fairlay.com - the Bitcoin prediction market - the future of reliable information
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July 02, 2014, 01:54:44 AM
 #1030

Yes - we are a "Bitcoin only" site. All amounts on our site are in mBTC.

What to you mean with "seeded"? Wether we received a seed funding? Yes we did.
Or do you mean something else?
Most exchanges are player vs. player. Some exchanges are seeded meaning that Fairly is putting up offers, not another player.


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July 02, 2014, 01:57:21 AM
 #1031

no - it is not seeded - however, we have good contacts to some of our most active user and we incentivize them to do a market maker role.

www.fairlay.com - the Bitcoin prediction market - the future of reliable information
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July 02, 2014, 02:00:55 AM
 #1032

no - it is not seeded - however, we have good contacts to some of our most active user and we incentivize them to do a market maker role.
thanks

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July 02, 2014, 03:09:46 PM
 #1033

@Fairlay, one of the Cointeller.eu sites is interested in contacting you about market-making.  What is the best way to put them in touch with you?  If any other exchanges see this and offer some kind of market-making incentive structure (and preferably a good API), send a private message with your contact details.
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July 02, 2014, 04:35:46 PM
 #1034

sure - contact us at info@fairlay.com

www.fairlay.com - the Bitcoin prediction market - the future of reliable information
Peeps Place
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July 03, 2014, 04:14:49 AM
Last edit: July 03, 2014, 05:03:27 PM by Peeps Place
 #1035

Lots of new sites have recently opened.
Quote
Peeps Place, the gold standard when it comes to rating bitcoin sportsbooks, says this is a dangerous point of time for sports bettors.
http://news.rouletters.com/caution-is-advised-as-new-ratings-for-bitcoin-sportsbooks-are-released-0002339.html

"A" rated books
Anonibet A (2011)

"B"rated books
NitrogenSports B+ (2012)

"C" rated books
Casinobitcoin C+ (2013)
Cloudbet C+ (2013)
SBObitcoin C+ (2013) *
Betcoinsports C (2013)
DirectBet C (2013)
Jetwin C- (2013)
BetOWI C- (2014) *


"D" rated books
Coindraft D+ (2014)
Roadbet D+ (2012)
BetVIP D+ (2014)
Webetcoins D+ (2014)
Gobetgo D+ (2014)
Bitcoinlivebets D- (2013)

"F" rated books
BetCas F
Bitcoinsport F
Coinbet F
Sportbet.im F
StakeBTC

NR
Darkbet
Betmoose
Fairlay
Cointeller
Bitbook
xbet
Pocketrocketscasino.eu/sports
Predictious
tdsports


Maximum grade based upon time in business:
A - 2 years
B - 1 year
C - 3 months
D - 1 month
F - reserved for books that are slow paying or stiffing players


* longer accepting cash deposits

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July 03, 2014, 05:12:58 AM
 #1036

There may be a connection between stiff sportsbook BetCascade and Bitbm. Does anyone have information on this? I took their rating down until further confirmation.

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July 03, 2014, 07:30:28 AM
 #1037

Hey guys what's your views on betting with your btc? Do u like to just always keep your coins always in btc, do u switch over when u can to cash? I ask because I want all I bet with in btc and not all places have total btc which have cheaper lines but in usd and I'm trying find the best way to deal with this. I have many other books that are usd for this to choose from if I wanted my coins out of coins to bet with.
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July 03, 2014, 03:07:41 PM
 #1038

Hey guys what's your views on betting with your btc? Do u like to just always keep your coins always in btc, do u switch over when u can to cash? I ask because I want all I bet with in btc and not all places have total btc which have cheaper lines but in usd and I'm trying find the best way to deal with this. I have many other books that are usd for this to choose from if I wanted my coins out of coins to bet with.

I keep them in BTC so I'm at the mercy of the bitcoin price fluctuations.

Cointeller.eu
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July 03, 2014, 03:20:35 PM
 #1039

Hey guys what's your views on betting with your btc? Do u like to just always keep your coins always in btc, do u switch over when u can to cash? I ask because I want all I bet with in btc and not all places have total btc which have cheaper lines but in usd and I'm trying find the best way to deal with this. I have many other books that are usd for this to choose from if I wanted my coins out of coins to bet with.


At Cointeller.eu customers typically keep balances in BTC, but on request we can convert customer balances at any site in the Cointeller.eu network to USD.  Unless the customer has a strong objection we use the 24 hour weighted price at BitcoinAverage.com for conversion.

Feel free to stop by and talk to a live support rep if you have any questions!

toastedjelly
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July 03, 2014, 03:30:08 PM
 #1040

I used to be a big fan of Cloudbet.  The sportsbook generally covered the few sports I bet on.  80% of the time the deposits are instant and withdraws (again 75-80%) are lightning quick MOST of the time.  H

However I noticed leading up to major sporting events deposits are delayed for periods ranging from 5 minutes to 6-10 hours (3-4 extreme cases) Support seems to only work weekdays and daytime hours local to where they are.

The biggest problem, and my own fault/downfall was and is their "Casino" the live one is OK I guess.  A little gimmicky maybe, but the "virtual" one is a flat joke.  Odds are skewed to them so heavily at times (based on needs of cashflow for cashouts?) that it just eats your coins right up.

One small example of the dozens (i learn the hard way apparently) was a round of 25 or so hands of 3 card poker with them.  During those 25 hands they landed 3 straight flushes. 4 straights Ace high and a handful or more of incredibly ......ahem lucky hands..

I'm done throwing my money at them. 

D+ rating from this semi-long term user (3+ months and 30,000+ loyalty points.

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