alabamafan1
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April 09, 2014, 04:23:47 PM |
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Face it guys, DIRECTBET sucks. They should be rated a C AT BEST.
They used to be decent with 1.85/1.85 odds but now they're awful with 1.70/1.70 odds. Other books like betcoinsports and Nitrogen (releasing live within the next couple weeks) offer -110 or -115 at most for live options. Thus, this book will become worthless shortly. No one cares about having a max of a large amount, what people care about is basically not getting scammed by the book with odds which is EXACTLY what this book is now doing. 1.20 / 2.9 is just one of their crap odds again that will NEVER EVER become competitive.
With the odds you have now, I'd be willing to bet that within 90 days, no one will be using your "book" (more like scam) anymore.
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Legendary
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Activity: 3780
Merit: 1060
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April 09, 2014, 05:20:21 PM |
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Great feedback on DirectBet. It would be nice if posters do this with every book.
When comparing hold, all markets must be considered. Some books cater to soccer bettors and others want a different market.
DirectBet- You can't just toss out hold because it isn't listed in the criteria. If a book does something outrageous, it has to be considered. If a book has a maximum bet of .1 BTC on full game World Cup Soccer, as well as American sports, that book is almost useless even if they paid 1 second after the game went final.
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DirectBet
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April 09, 2014, 06:01:33 PM |
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DirectBet- You can't just toss out hold because it isn't listed in the criteria. If a book does something outrageous, it has to be considered.
Our odds, on average, are not lower than your top rated Bitcoin sportsbook, and if you factor in our bonuses and other promotions, you will see that our real odds are actually better. So my question to you is, why did you reduce our rating due to "Low Odds", when our odds are not lower than your top rated sportsbook ?
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Rating Place (OP)
Legendary
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Activity: 3780
Merit: 1060
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April 09, 2014, 06:15:51 PM |
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DirectBet- You can't just toss out hold because it isn't listed in the criteria. If a book does something outrageous, it has to be considered.
Our odds, on average, are not lower than your top rated Bitcoin sportsbook, and if you factor in our bonuses and other promotions, you will see that our real odds are actually better. So my question to you is, why did you reduce our rating due to "Low Odds", when our odds are not lower than your top rated sportsbook ? I didn't say that I reduced your ratings because of low odds. I'm saying that I'm almost completely ignoring your live betting on American sports because of low odds.
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Rating Place (OP)
Legendary
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Activity: 3780
Merit: 1060
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April 09, 2014, 06:28:30 PM |
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DirectBet- If there isn't one player that states DirectBet is better or equal to Anonibet or Nitrogen, why do you think you should be rated close to those two books?
What you say is informative about your book and is appreciated. The ratings are determined for the players by the players.
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Rating Place (OP)
Legendary
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Activity: 3780
Merit: 1060
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April 09, 2014, 06:42:55 PM |
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Anonibet will be an "A". Nitrogen will be a "B+". All other books will be a "B" or lower. "A"s and "B"s aren't going to be thrown around easily. SBOBitcoin will most likely be the third rated book. SBOBitcoin still does things that are confusing. They keep changing the exchange rate and using a go between for deposits/withdrawals that isn't liked by players.
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DirectBet
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Activity: 1288
Merit: 1010
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April 09, 2014, 06:46:11 PM |
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I didn't say that I reduced your ratings because of low odds. I'm saying that I'm almost completely ignoring your live betting on American sports because of low odds.
Then please explain why we are rated B. I went over your criteria one by one and proved you that we are as good or better than your top rated sportsbook. DirectBet- If there isn't one player that states DirectBet is better or equal to Anonibet or Nitrogen, why do you think you should be rated close to those two books?
I don't recall anyone here who stated that Anonibet is better than DirectBet or Nitrogen, yet you still gave them the top rating A, above all others.
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Rating Place (OP)
Legendary
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Merit: 1060
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April 09, 2014, 06:53:02 PM |
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DirectBet - I don't want to keep harping on the negatives of your book since there are positives so I'm just answering questions at this point. It's been posted on the forums by players that both Anonibet and Nitrogen are "A" rated books. Player survey has stated that Anonibet and Nitrogen are "A" rated books. I take all surveys seriously but multiple backings of a book must be taken more seriously than 1 or 2. Also, you posted in your thread asking for players to respond to the survey. That is the Chicago way to vote. We use the dead, stuff the ballot box and bus them in to vote.
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crazy573
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April 09, 2014, 06:55:42 PM |
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nitrogen +good odds, fast automated payouts (normally) -no live betting, lower betting limits, only offering ml and high risk other bets (only over/under 3, 3.5 goals with high scoring teams for example)
anoni +live betting, lots of betting options -lower odds, slower payouts, lower betting limits
directbet +live betting, high limits, lots of betting options, no deposits -slightly lower odds
about the odds, I only bet European sports.
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Rating Place (OP)
Legendary
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Activity: 3780
Merit: 1060
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April 09, 2014, 07:19:54 PM |
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DirectBet : Here are your positives.
1. High limits on live betting. 2. You accept bets immediately with 0 confirmations. 3. You pay fast. 4. No deposit required. 5. You paid me in an Olympic event where two people won golds. I did bring it to your attention and you still paid. The rules were rightfully changed subsequently.
there are many good things. Get competitive with live betting and it will really help since it must be ignored if the hold remains as high as it is right now.
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DirectBet
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Activity: 1288
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April 09, 2014, 07:22:45 PM |
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Face it guys, DIRECTBET sucks. They should be rated a C AT BEST.
They used to be decent with 1.85/1.85 odds but now they're awful with 1.70/1.70 odds.
Our odds are dynamic and change constantly. They can go as high as 1.92 / 1.92, depending mainly on how reliable they are. Generally, you will be able to find better odds as we get closer to the event start time as odds are more reliable at that time. When odds are not reliable they are reduced. The other option we have is not to offer these bets at all, but based on customers feedback we have concluded that it is better to offer bets at reduced odds rather than not offer them at all. You might not like them and can skip them if you like, but others might find them appealing. Our odds can never be as low as 1.7 / 1.7 before the start of the game, but they might get low in extreme circumstances during the game when there is a lot of uncertainty. However, usually when that happens, it is for bets that are not offered by other Bitcoin sportbooks anyhow. While the theoretical hold may appear very high at first, we have been very transparent on our thread by announcing that our actual profit to date is just 3%, mainly because bettors have the advantage of picking only the bets that they like most which are in their favor. Out of that 3%, we give back 1% to our most loyal customers through our VIP program and other promotions, bringing our gross profit before expenses down to 2%. This profit margin is the minimum required to cover our operational costs and pay out affiliates. Should the profit margin increase in the future we will be able to increase the odds. That's said, we have several big winners here so it's certainly possible to profit with existing odds. Bitbook was brave to offer unrealistic high odds and we have all seen the result. They went out of business and didn't have enough to pay all their customers. While our odds may not be the highest, we offer the highest security for your Bitcoins, 10 BTC monthly bonuses to those who frequently bet on our website, a unique feature that allows you to negotiate better odds and a very high max bet size.
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Rating Place (OP)
Legendary
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Merit: 1060
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April 09, 2014, 07:27:52 PM Last edit: April 09, 2014, 07:51:08 PM by Peeps Place |
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Face it guys, DIRECTBET sucks. They should be rated a C AT BEST.
They used to be decent with 1.85/1.85 odds but now they're awful with 1.70/1.70 odds.
Our odds are dynamic and change constantly. They can go as high as 1.92 / 1.92, depending mainly on how reliable they are. Generally, you will be able to find better odds as we get closer to the event start time as odds are more reliable at that time. When odds are not reliable they are reduced. The other option we have is not to offer these bets at all, but based on customers feedback we have concluded that it is better to offer bets at reduced odds rather than not offer them at all. You might not like them and can skip them if you like, but others might find them appealing. Our odds can never be as low as 1.7 / 1.7 before the start of the game, but they might get low in extreme circumstances during the game when there is a lot of uncertainty. However, usually when that happens, it is for bets that are not offered by other Bitcoin sportbooks anyhow. While the theoretical hold may appear very high at first, we have been very transparent on our thread by announcing that our actual profit to date is just 3%, mainly because bettors have the advantage of picking only the bets that they like most which are in their favor. Out of that 3%, we give back 1% to our most loyal customers through our VIP program and other promotions, bringing our gross profit before expenses down to 2%. This profit margin is the minimum required to cover our operational costs and pay out affiliates. Should the profit margin increase in the future we will be able to increase the odds. That's said, we have several big winners here so it's certainly possible to profit with existing odds. Bitbook was brave to offer unrealistic high odds and we have all seen the result. They went out of business and didn't have enough to pay all their customers. While our odds may not be the highest, we offer the highest security for your Bitcoins, 10 BTC monthly bonuses to those who frequently bet on our website, a unique feature that allows you to negotiate better odds and a very high max bet size. I posted positives in the post above so now I'll address something that I like, but feel you are overrating. No deposit is not as big with a bitcoin book as a cash book. Huge balances aren't needed with the ease of deposits and withdrawals of the bitcoin books.
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Rating Place (OP)
Legendary
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Activity: 3780
Merit: 1060
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April 09, 2014, 07:36:08 PM Last edit: April 09, 2014, 07:46:56 PM by Peeps Place |
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Directbet- You say that your profit margin is small. How are you going to make it by getting competitive odds? Your profit becomes non-existent. Something needs to be changed to keep up with the top books.
The new books just breaking in have to have a good sized bankrolls to absorb losses at the beginning. It's the same as any other business. You have to be able to hold out until profits roll in. Most individually owned restaurants go under. It will be the same for the new bitcoin books.
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Rating Place (OP)
Legendary
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Activity: 3780
Merit: 1060
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April 09, 2014, 08:03:09 PM |
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The books moving on air without their own linesman are going to get one sided action at times. It looks like the case with most bitcoin books. Many clone Pinny, CRIS, Betwin, etc and just play follow the leader. Since most are so small, I doubt they lay off any action. They are vulnerable. The bigger books don't even need to lay off action. It's a choice based upon their risk management.
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DirectBet
Legendary
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Activity: 1288
Merit: 1010
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April 09, 2014, 08:21:51 PM |
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DirectBet : Here are your positives.
1. High limits on live betting. 2. You accept bets immediately with 0 confirmations. 3. You pay fast. 4. No deposit required. 5. You paid me in an Olympic event where two people won golds. I did bring it to your attention and you still paid. The rules were rightfully changed subsequently.
there are many good things. Get competitive with live betting and it will really help since it must be ignored if the hold remains as high as it is right now.
Thanks for the positive feedback ! It is greatly appreciated :-) Directbet- You say that your profit margin is small. How are you going to make it by getting competitive odds?
Those who offer greater odds either limit bet sizes to micro stakes and / or limit action from winning players, or go out of business. None of which we plan to do. It is not a coincidence that the longest lived Bitcoin sportsbook (Anonibet) offers odds similar to ours. Those who try to be brave and offer ridiculously high odds, do not stay around for long (i.e. Bitbook).
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hypersire
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April 09, 2014, 08:26:28 PM |
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DirectBet - As someone previously suggested, why not just simplify and eliminate the VIP plan, the flexible odds, the negotiable odds and just offer slightly better regular odds straight up? I'm sure the majority of users would greatly prefer that approach.
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DirectBet
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Activity: 1288
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April 09, 2014, 10:00:32 PM |
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DirectBet - As someone previously suggested, why not just simplify and eliminate the VIP plan, the flexible odds, the negotiable odds and just offer slightly better regular odds straight up? I'm sure the majority of users would greatly prefer that approach.
Thanks for your suggestion. Currently, we prefer the VIP program because we want to give more to our most loyal customers.
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Gogo ppp
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April 09, 2014, 10:05:26 PM |
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DirectBet- If there isn't one player that states DirectBet is better or equal to Anonibet or Nitrogen, why do you think you should be rated close to those two books?
What you say is informative about your book and is appreciated. The ratings are determined for the players by the players.
"DirectBet- If there isn't one player that states DirectBet is better or equal to Anonibet or Nitrogen..." Peeps - This is completely unfair. You never asked the players whether they feel it is better or equal to Anonibet or Nitrogen. One player (at least) gave his unbidden opinion on that, but you never asked the question and because (almost) no one ever responded to an unasked question, you are deciding their rating (or at least making it clear that is important to you in their evaluation). I have no idea why you feel that AnoniBet is superior to DirectBet. I don't feel that way.
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Gogo ppp
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April 09, 2014, 10:16:46 PM |
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The unfortunate truth is that as far as NCAA BB betting and currently MLB betting, 99% of my bets are with non-btc books, and will continue to be that way until btc books (or just one book) offers competitive odds.
At best when comparing all the "A" and "B" books, so far this MLB season I've found 2 (possibly 3) times when a game I wanted to bet on had one (or possibly 2) btc book(s) with odds equal to the best odds I found with non-btc books.
On all other games I've bet, the non-btc books had the best odds, and generally it wasn't close except sometimes for one or two of the btc books which sometimes came close. The majority of the "A" and "B" books offer non-competitive odds, at least with the major USA sports.
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Rating Place (OP)
Legendary
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Activity: 3780
Merit: 1060
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April 09, 2014, 11:08:23 PM |
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I feel like a shill for Anonibet but to answer DirectBet and gogoppp these are a couple of reasons why I consider Anonibet superior and a safer book than DirectBet. I encompass both American and European sports. The World Cup will be huge.
1. Multiple linesmen. 2. Multiple people involved in risk management. 3. Many more clients world wide. 4. Many more offerings. 5. Higher limits full game. 6. Higher withdrawal amounts. 7. They opened in 2011.
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