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Author Topic: #1 RATINGS and REVIEWS of SPORTS BOOKS thread. Poster input appreciated.  (Read 89153 times)
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April 16, 2014, 01:06:10 AM
 #641

Bismarck didn't do anything wrong. He didn't try to use this thread to stiff arm or extort Betcoinsports.

I went back and read the Betconsport/Bismarck threads again. Bismarck made a simple post telling us of his experiences with 3 different books. I proceeded to forward it to Betcoinsports. After that time the problems continued. At this time a downgrade was made.

Although I think that Betcoinsports will be one of the top books down the line, they should not be trying to shift any of this blame to Bismarck. They should take full responsibility.

Players should first try to work things out with a book privately. If a problem still exists after that, then the problem should be brought to the forum. Bismarck did this in a civilized manner when he first brought it to the forum.


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April 16, 2014, 03:03:46 AM
Last edit: April 16, 2014, 03:28:10 AM by Cloudbet
 #642

Thank you , it seems cloudbet is good news then. Especially the fact that they let the player withdraw  without affecting the bonus is really nice.

But one thing I have to criticize is the amount how loyalty points are earned. Its the most complicated thing I ever saw. And how they exchange into BTC is also questionable. Who came up with it and thought it a good idea.

Why not just make it x wagered  1 or 10 loyalty points and redeem for 0.01 BTC. Since 800 redeem for 0.01 BTC I dont see why it couldnt be 1 or 10. What do I need 800 for?

Otherwise everything seems good. I will make a deposit after tonight games.


Btw still nothing from betcoin if you can believe that.


Hi Bismarckbkk,

The bonus formula we use is indeed quite complicated - and designed by us - but it's done this way for several reasons.

1. It's one unified bonus across all products (sports, casino, live dealer casino) so it can be cleared by wagering in any of the verticals.

2. The sportsbook loyalty points formula means that you earn loyalty points for ALL sports bets that you make, even if the price is very low. Most other books have a condition that the wagering requirement can only be met by placing bets priced 1.5 or over. We have no such requirement - even if you're betting the heaviest favourite in sports betting history at 1.0000001, you will earn loyalty points for it. Not many, but you will earn some Smiley

3. The 800 points per 0.01 BTC gives us a lot of flexibility to adjust how quickly the player earns their bonus. We could, for example, run a happy hour promotion during when you receive double points.

4. If the bonus cleared at simply 10 points per 0.01 BTC, we would end up with a LOT of decimal places. While we have some players routinely betting as high as 50 BTC on handicaps, we also have a lot of players betting pennies on slots so we thought a higher quotient would be easier to use. We wanted to reward all players, not just our biggest ones.

5. We need to be mindful of bonus abuse, as a) we process withdrawals automatically, and b) our KYC requirements are less stringent than a fiat currency operator, which means we have fewer tools to prevent multi-accounting. We still do have controls in place that work well, but we needed to make sure our early bonus offering was safe for us and sustainable in the long term.

6. It is also possible that in the future we will give players the ability to spend their accumulated loyalty points in some way.

The bonus program will evolve as we progress. If you had any ideas or feedback, we'd love to hear it.

Cheers,
Cloudbet

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April 16, 2014, 04:17:35 AM
 #643

Cloudbet - "While we have some players routinely betting as high as 50 BTC on handicaps..."

This got my attention.
You're routinely taking 50 btc bets on which sports?

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April 16, 2014, 04:30:33 AM
 #644

Bismarck didn't do anything wrong. He didn't try to use this thread to stiff arm or extort Betcoinsports.

I went back and read the Betconsport/Bismarck threads again. Bismarck made a simple post telling us of his experiences with 3 different books. I proceeded to forward it to Betcoinsports. After that time the problems continued. At this time a downgrade was made.

Although I think that Betcoinsports will be one of the top books down the line, they should not be trying to shift any of this blame to Bismarck. They should take full responsibility.

Players should first try to work things out with a book privately. If a problem still exists after that, then the problem should be brought to the forum. Bismarck did this in a civilized manner when he first brought it to the forum.



Thank you, they said the problem was never brought to their attention privately.

That is not true. After you send them 2 mails and do recieve answers why would you send another email? When I deal with problems I dont send 15 angry email because normally that doesnt speed things up. The fact that they say players can trust their email support and claim I came here first instead of them is wrong.

As you said I there were contacted on here privately by you and were in private contact with me and it still took them 24 hours. But they say an email would have done it. In private they apologized to me accepting it was their fault but here they try to wash their hands. They messed up, they know, their organisation is terrible. They should own up to it and get better at what they do.

They should hire a dedicated support ( email ) staff so things like this can be avoided easyly. They need to get their deposit/withdrawal automated as well as their sign up process. After I signed up and made a deposit they make an extra account for you ( with your password that they know ! ) to access the sportsbook/casino server. In my case they made my Username for the sportsbook server Bismark without the C. Again someone overworked messing up. Thats what caused me not to be able to login .

Anyway im done posting about them, I just wish they would admit their mistakes publicly and dont claim perfect email support and all that.  Roll Eyes

1EPhcyv9GPcCwwbtVt3a3nwC1o4pn67bax
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April 16, 2014, 04:35:54 AM
 #645

Thank you , it seems cloudbet is good news then. Especially the fact that they let the player withdraw  without affecting the bonus is really nice.

But one thing I have to criticize is the amount how loyalty points are earned. Its the most complicated thing I ever saw. And how they exchange into BTC is also questionable. Who came up with it and thought it a good idea.

Why not just make it x wagered  1 or 10 loyalty points and redeem for 0.01 BTC. Since 800 redeem for 0.01 BTC I dont see why it couldnt be 1 or 10. What do I need 800 for?

Otherwise everything seems good. I will make a deposit after tonight games.


Btw still nothing from betcoin if you can believe that.


Hi Bismarckbkk,

The bonus formula we use is indeed quite complicated - and designed by us - but it's done this way for several reasons.

1. It's one unified bonus across all products (sports, casino, live dealer casino) so it can be cleared by wagering in any of the verticals.

2. The sportsbook loyalty points formula means that you earn loyalty points for ALL sports bets that you make, even if the price is very low. Most other books have a condition that the wagering requirement can only be met by placing bets priced 1.5 or over. We have no such requirement - even if you're betting the heaviest favourite in sports betting history at 1.0000001, you will earn loyalty points for it. Not many, but you will earn some Smiley

3. The 800 points per 0.01 BTC gives us a lot of flexibility to adjust how quickly the player earns their bonus. We could, for example, run a happy hour promotion during when you receive double points.

4. If the bonus cleared at simply 10 points per 0.01 BTC, we would end up with a LOT of decimal places. While we have some players routinely betting as high as 50 BTC on handicaps, we also have a lot of players betting pennies on slots so we thought a higher quotient would be easier to use. We wanted to reward all players, not just our biggest ones.

5. We need to be mindful of bonus abuse, as a) we process withdrawals automatically, and b) our KYC requirements are less stringent than a fiat currency operator, which means we have fewer tools to prevent multi-accounting. We still do have controls in place that work well, but we needed to make sure our early bonus offering was safe for us and sustainable in the long term.

6. It is also possible that in the future we will give players the ability to spend their accumulated loyalty points in some way.

The bonus program will evolve as we progress. If you had any ideas or feedback, we'd love to hear it.

Cheers,
Cloudbet

Thank you, I will make a deposit tonight. Hopefully things will go smooth.

1EPhcyv9GPcCwwbtVt3a3nwC1o4pn67bax
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April 16, 2014, 04:40:54 AM
 #646

Oh one last thing about betcoinsports, the first time I posted it wasnt even about withdrawal. It was about they not responding to emails and iam not beeing able to login to the sportsbook. I just decided to withdraw after they did not reply to my email asking about the login problem...

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April 16, 2014, 10:57:03 AM
 #647

Cloudbet - "While we have some players routinely betting as high as 50 BTC on handicaps..."

This got my attention.
You're routinely taking 50 btc bets on which sports?



Our highest limits are on European football (EPL, La Liga, UEFA Champions League), NBA, and NFL.

Cheers,
Cloudbet

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April 17, 2014, 06:30:58 AM
 #648

I ran into another bitcoin book the other day called BetCas but I dont know anything about them. anyone played there before?

anyone play here? The do have a 100% bonus
Quote
* Regarding 100% First deposit bonus and other bonuses the site offers for casino and sportsbook, player needs to purchase a minimum of $50 in the account currency and wager 14 times the amount of bonus for sportsbook and 30 times for casino before making any withdrawals. A minimum odds of 1.9 or -111 is applied to all sports bets. Cancelled bets are not counted to be deducted from wagering requirement amounts. Baseball moneyline, goal lines, asian handicap and financial bets are also not counted for wagering requirements unless specified otherwise.

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April 18, 2014, 01:05:30 AM
 #649

DircetBet NHL live betting at the end of the 1st period Chi/Stl. 3-2 Chicago right now.

Chi -417
Stl +166


If this is your live betting odds on a game, then you don't have live betting on the game.

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April 18, 2014, 04:23:44 AM
 #650

Has anyone had problems with payouts from coinbet.cc? I have been waiting for several days and sent a few emails. I got one small payout in the past but once I requested a larger amount I havent had any luck.. I will update if anything changes.
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April 18, 2014, 03:04:44 PM
 #651

Has anyone had problems with payouts from coinbet.cc? I have been waiting for several days and sent a few emails. I got one small payout in the past but once I requested a larger amount I havent had any luck.. I will update if anything changes.
Feel free to PM me with details and I'll try to find out what happened.

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April 18, 2014, 03:33:49 PM
 #652

Today I started using CloudBet. I will post here if I experience something strange. So long it's been my favourite website for betting (from design perspective).

Behold the Tangle Mysteries! Dare to know It's truth.

- Excerpt from the IOTA Sacred Texts Vol. I
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April 18, 2014, 10:34:29 PM
 #653

Do not deposit at Coinbet at this time. Poster says Coinbet is not paying him $340k.

https://bitcointalk.org/index.php?topic=576109.0

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April 18, 2014, 11:12:12 PM
 #654

If you have money in coinbet, you may want to ask for small withdrawals at this time. Small withdrawals may be automated while the bigger ones are reviewed.

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April 19, 2014, 03:03:44 AM
 #655

Coinbet downgraded to "F"

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April 19, 2014, 03:05:41 AM
 #656

"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) *
Bitbm C- (2013)

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

"F" rated books
Bitcoinsport
Coinbet
StakeBTC

* longer accepting cash deposits



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

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April 19, 2014, 03:14:00 AM
 #657

Coinbet was able to put a muzzle on players because of their rules. They were able to sneak up on us players because of this. In the future if a book puts in a rule where they can confiscate funds due to negative press, they will be rated "F".

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April 19, 2014, 03:51:04 AM
 #658

If you have money in coinbet, you may want to ask for small withdrawals at this time. Small withdrawals may be automated while the bigger ones are reviewed.

I don't think they are automated. I had to email them a couple times before they processed a small $30 payout. That process took 3 days just for $30.
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April 19, 2014, 04:03:10 AM
Last edit: April 19, 2014, 05:20:46 AM by BitcoinzRulez
 #659

Wow, the floodgates are open now...people are just coming out of the woodwork at this point.

Lets hope you have some pull peeps, seems like A LOT of us could use your help.

From $300 to $340,000 NO ONE is getting their money.

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April 19, 2014, 03:19:05 PM
 #660

Great thread! This should prevent people from getting scammed by shady books like coinbet. I was actually thinking of trying them out too until I found this thread and BitcoinzRulez's story.

BitcoinzRulez, sorry for your loss. Thanks for warning the community!

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