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Author Topic: Free Betting Competition $6000 in Prizes Sponsor: Betking.io (Discussion Thread)  (Read 29942 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (2 posts by 1+ user deleted.)
FrueGreads (OP)
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August 17, 2018, 12:48:31 AM
 #21

First of all let me state you are doing an excellent job in setting this competition up.
Thanks a lot, we are doing our best as usual!

I just want to be sure I won't make mistake ( only in lucky case I'll manage to win some prize ofc ); considering I'll wear all the three incentives to reduce restrictions and wagering requirements

1) if I'll choose to receive daily challenge prize in form of bonus betting balance I will have to bet the prize amount three times @ 1.3 or higher and while doing so it won't count for leaderboard purposes.
Is that correct?

Yes, you are correct. If you wear all three incentives, you can do that for Daily Challenge prizes, and bets made with bonus money will not be eligible for the competition.


In case it is, may you please explain (as I never used free bets or bonus balances at Betking) if there is an easy way to take everything ( min odds rollover requirements) under control for each prize? Is that possible I will use without knowing it Maybe it's easier than I think but it worries me a bit.

I'm already checking that with Betking.io, and I will let you know as soon as possible.
I think there could be 3 scenarios here (but again, I need to check with Betking, and this is not the official announcement yet):
- Allowing users to receive their prizes in a different account (this way it would be easy to manage everything, and there would be no risk of making invalid bets for the competition, since bet made with bonus money are not eligible).

- Paying all prizes (including weekly and daily prizes, only at the end of the competition).

- Of course that if BetKing.io has an easy way to manage all prizes the other options won't be necessary, but I don't know if they have that, so I will let you know as soon as possible.

2) similarly regarding weekly prizes does it mean I'll have to bet them 2 times @1.3 or higher?

You are correct again. This would be the benefit for Weekly prizes, if you wear all three incentives.

Another question regarding the bolded part

Quote
The starting bankroll will be 8mBTC. We will adjust it each week if the BTC price changes to much.


Why adjusting it : does it mean registration will remain open to new participants or adjustment will be made in order to keep min and max bet limits related to USD value of starting bankroll?

Also min and max bet limits remain related to starting bankroll amount and are not influenced by balance variation due to bets outome?

Yes, the point in adjusting the bankroll on a weekly basis (if needed of course), would be to keep the value of bets related to the USD value of starting bankroll. If changes are small we probably won't do anything, but if the changes are to big, we will do it to keep everything fair for everyone.

As for min and max bets (1% to 5%), are always connected to the current bankroll. So yes, your bet stake will be influenced by your profits and losses during the competition (current bankroll = the bankroll that reflects your profits and losses during all your bets)


Sorry for the fire of questions  Grin

No problem we are here to help!

Good luck!

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August 17, 2018, 01:23:36 AM
 #22

i am familiar with third part . but there are questions.
after rollover original stake counts or we get just winning?
It depends on the prize you get. We have two types of prizes, as stated at the bottom of our Restrictions and Rollover Requirements rules:
https://bitcointalk.org/index.php?topic=4854169.msg43757551#msg43757551
I will quote that part here:

Prizes Definitions
Free Bets (definition)
- The player will get a credit on his account.
- He will be able make one bet with the entire credit at once but he will only get his winnings, and the betting stake will not be refunded.
Example: A user gets a $10 Free Bet. He bets $10 @1.5 and wins. He will get a payout of $5 from that Free Bet, instead of $15 (the $10 betting stake was not refunded in his winnings).

Bonus Betting Balance (definition)
- The player will get a credit on his account.
- He can manage this credit anyway the wants in order to place normal bets.
- He will get the stake refund on every bet, so these prizes will be treated as a normal betting balance.
- The player will only be allowed to withdraw from his account once he clears the prize rollover though.

Since you can't use avatar, your Daily Prizes will be paid as Free Bets (since you can't get avatar incentives). On that case, as stated in our definitions, you will have to bet each $10 prize entirely, and you will only get your winnings, since stake is not refunded.

Your weekly and monthly prizes, on the other hand, are paid as Bonus Betting Balance.
In this case, can manage the prize as a bankroll and your stake will be refunded (it's just like normal bets).

is it possible to manage prize for rollover like bankroll? or it should be rollover with all of the money?
Like I said before. The Bonus Betting Balance prizes (Weekly and Monthly prizes) can be managed like a bankroll.
The Free Bet Prizes (Daily Challenge prizes) need to be bet at once (but they are paid in $10 Free bets, so it's never a big bet).

is this automated in the website or we should calculate it manually?

Like I said to Pif, I'm checking this with Betking.io. Here is the quote of my answer to Pif, regarding that subject.
I'm already checking that with Betking.io, and I will let you know as soon as possible.
I think there could be 3 scenarios here (but again, I need to check with Betking, and this is not the official announcement yet):
- Allowing users to receive their prizes in a different account (this way it would be easy to manage everything, and there would be no risk of making invalid bets for the competition, since bet made with bonus money are not eligible).

- Paying all prizes (including weekly and daily prizes, only at the end of the competition).

- Of course that if BetKing.io has an easy way to manage all prizes the other options won't be necessary, but I don't know if they have that, so I will let you know as soon as possible.

and about bankroll right here. you said below 1% and above 5% is unacceptable.could you specify the right stake for the start?
Please note that bets bellow 1% are not eligible like you said, but bets made above 5% will still make changes in the leaderboard, as if they were made with just 5%. You will of course get paid in your account normally, but the changes on the leaderboard will occur as if the bet was made with just 5% of current bankroll.

As for examples:
With the starting bankroll of 8mBTC
1% = 0.08 mBTC (a bet bellow 0.08 mBTC would make no changes in the leaderboard)
5% = 0.4 mBTC (a bet above 0.4 mBTC would make changes as if it was made with just 0.4 mBTC)

On both bets, you would of course get paid in full in your account.

Also, don't forget that the 1% to 5% stakes, are based on your current bankroll. So let's say you have profit and your current bankroll gets to 10 mBTC. In this case 1% would be 1mBTC, and 5% would be 5mBTC.
The same thing would happen if you had losses, and your current bankroll would get bellow the initial 8mBTC. So remember, those value are always based on the current bankroll.

its 17 aug and i didnt get any balance?when it finally starts?
The competition already started. I forgot to post the link to the live Leaderboard. Sorry about that:
https://betking.io/sports-leaderboard

Just a correction. As stated in the rules, users need to bet with their own money.
That is clear in Points 1.5 and 2.2 of our rules (link here: https://bitcointalk.org/index.php?topic=4854169.msg43757620#msg43757620)
So you will not get any balance, you need to make bets with your own money in order to participate.
There are no fees, and you don't even have to deposit the $50, but you need to be able to make bets with your own funds.

sorry about the questions . its to much i know  Grin

No problem, we are here to help as usual.
If you have any more questions please let as know.

and about avatar i am just jr.member and cant wear avatar.
have a good day.

No problem, but you can wear personal text. Wearing that would allow to make bets @1.3 or above during the rollover, instead of 1.5.
It's probably a good incentive, so please make that change if you want that incentive.

Good luck!

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FrueGreads (OP)
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August 17, 2018, 01:40:59 AM
 #23

Important Update

Just noticed that I hadn't posted the link to our Live Leaderboard yet.
Sorry about that.

We are still adding some users, but that should happen soon.

Here is the link to our Live Leaderboard:
https://betking.io/sports-leaderboard

Please get familiar with it, and feel free to make any questions you might have.
We will try to add a few more columns to show what the min and max bet stake should be (1% to 5% of current bankroll).

Also, since users didn't made any bets yet, I think there is no problem in announcing the First Daily Challenge for this first day of our competition.

First Daily Challenge
User with the Highest Daily ROI% wins.

Don't forget that we will have one Daily Challenge each day, and all Daily Challenges wins are worth $10!

You can check Daily Challenge status here:
https://bitcointalk.org/index.php?topic=4854169.msg43757678#msg43757678

Good luck!


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August 17, 2018, 06:11:42 AM
Last edit: August 17, 2018, 07:37:08 AM by White sugar
 #24

Hi?
No avatar yet? And I don't see whitesugar1 and whitesugar2 in the leaderboard

edit: corrected the name of the accounts

edit 2: my minimum odds in the leaderboard still are 1.5, is it right?
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August 17, 2018, 09:10:57 AM
Last edit: August 17, 2018, 09:58:11 AM by u9y42
 #25

Hi?
No avatar yet? And I don't see whitesugar1 and whitesugar2 in the leaderboard

edit: corrected the name of the accounts

edit 2: my minimum odds in the leaderboard still are 1.5, is it right?

Hi White sugar. Yep, some entries seem to be missing but, don't worry, they should be added soon. Hmm, by the way, did you misspell the account names when you registered? If so, that might explain why some entries weren't added to the Leaderboard initially (I imagine BetKing.io wouldn't have a way of knowing which accounts belong to which users in that case).

EDIT: oh, nevermind; I just realized you probably meant you corrected the names of the accounts in that post (not anywhere else).


In relation to the Avatar, we don't have it yet - we'll PM you when it's ready.

As for the odds, considering you are using the Personal Message, the rollover requirements for the prizes are only 1.3 (and no longer the initial 1.5).


EDIT: whitesugar1 and whitesugar2 added to the Leaderboard. Sorry for the delay, White sugar.
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August 17, 2018, 10:39:19 AM
 #26



There is something going wrong with my bets:

 1) I made five bets but only one is condidered valid even if everyone of them respects betting rules stated here:

2. Betting Rules (how to make valid bets)
2.1 All Bets must be made from the Betking.io account provided during the registration for this competition. Bets not made this way will not count for the competition.

2.2 Bets need to be made with your own funds. Bets made with free bets, or other bonuses will not count as a valid bet.

2.3 For the purpose of this competition the max bet stake is capped at 5% of your current bankroll.
2.4 For the purpose of this competition the minimum bet stake is 1% of current bankroll. All bets below this amount will not count for the competition.

Note: Please understand that every bet made, above or bellow these values, will of course be fully paid in your account, but they will only affect the competition leaderboard as if they were made with 5% of current bankroll, or will have no effects at all, if they were made bellow 1% of current bankroll.

2.5 A minimum of 80 bet slips must be made during the competition to qualify for prizes.
If you make less you will not qualify for prizes.

2.6 You cannot have "duplicate" bets even if they are made at different odds. If you do so, we will only count the first one.

I only have a doubt regardind the max bet limit, if I made my first bet of 0.4 mBTC (5% of 8 mBTC) my bankroll become 7.6; let's say I want to place a second bet before the first one is settled should I consider still my current bankroll 8 or 7.6?


Also the second and third bets are shown as 0.38 instead of 0.4 : but clicking on the bet link it is correctly dysplayed as 0.4 ( al little bug to fix I guess).

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August 17, 2018, 11:51:43 AM
 #27


I only have a doubt regardind the max bet limit, if I made my first bet of 0.4 mBTC (5% of 8 mBTC) my bankroll become 7.6; let's say I want to place a second bet before the first one is settled should I consider still my current bankroll 8 or 7.6?


Also the second and third bets are shown as 0.38 instead of 0.4 : but clicking on the bet link it is correctly dysplayed as 0.4 ( al little bug to fix I guess).



Hello Pif, thanks for reporting. Regarding the 1% to 5% stake values they will always be based on your current bankroll.
Two things affect your current bankroll:

- When you place a bet, it gets lower (like your example, you have 8mBTC your bet 0.4mBTC, your current bankroll is now 7.6mBTC)
- When bets are settled as won, your bankroll increases (if they are settled as lost, only your ROI% gets affected, since the value was already deducted when you placed your bet)

So yes, if you have 8mBTC and bet 0.4mBTC your new current bankroll is 7.6mBTC, and that means 5% of that is 0.38mBTC.
That's why you see a different value on the leaderbord. Those bets were capped as if they were made with 0.38mBTC that represented 5% of 7.6mBTC

As for first bet not being valid that is in fact a problem. It looks like only bets above 1.5 are being counted as valid.
I will check that with Betking.io. It should be easy to solve, so thanks for reporting.

If you have any more questions, please let as know.

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August 17, 2018, 11:52:24 AM
 #28

snip

There is something going wrong with my bets:

 1) I made five bets but only one is condidered valid even if everyone of them respects betting rules stated here:

I only have a doubt regardind the max bet limit, if I made my first bet of 0.4 mBTC (5% of 8 mBTC) my bankroll become 7.6; let's say I want to place a second bet before the first one is settled should I consider still my current bankroll 8 or 7.6?

Also the second and third bets are shown as 0.38 instead of 0.4 : but clicking on the bet link it is correctly dysplayed as 0.4 ( al little bug to fix I guess).


Same problem with me. And one bet is even registring wrong odds. I guess competition dashboard needs some tinkering. All my bets are actually tickets with 3 games each but I asked and it is allowed. I will add some more now to test it a bit further.

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BetKing.io
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August 17, 2018, 12:04:24 PM
 #29

Hi guys
If there are any issues with bets on leaderboard please pm and I'll get this sorted asap.
We might have a couple tweaks needed on day one but we will resolve them.
FrueGreads (OP)
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August 17, 2018, 12:28:12 PM
 #30

Same problem with me. And one bet is even registring wrong odds. I guess competition dashboard needs some tinkering. All my bets are actually tickets with 3 games each but I asked and it is allowed. I will add some more now to test it a bit further.

Hi Trofo, we are already looking into it thanks.
Just one clarification though. Single bets need to be place individually, I made that note in this post:
https://bitcointalk.org/index.php?topic=1256522.msg43728918#msg43728918

The bets you are placing in Trofo and TrofoAlt are of type Multiple / Express, and the script is only taking the first one.
I do have a question though, because I didn't understood one part. Those are not parlays correct? Meaning, each of those bets will be paid at the odds showed for each one of them, and they are not being multiplied and you only win that accumulator, if all those bets win.

If each of those bets are supposed to be treated individually, then you need to place all of them individually as well, as I explained in that post. If those bets should be treated as a single bet (parlay when you need to win all of them in order to get paid), then they should count.

Anyway, all this has been reported to BetKing.io already, and they will look into it, as they already said in this thread.
Hi guys
If there are any issues with bets on leaderboard please pm and I'll get this sorted asap.
We might have a couple tweaks needed on day one but we will resolve them.

Please keep reporting any problems you might encounter.
Thanks.

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                   BitCloak Bitcoin Mixer  
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Trofo
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August 17, 2018, 02:02:33 PM
 #31

Same problem with me. And one bet is even registring wrong odds. I guess competition dashboard needs some tinkering. All my bets are actually tickets with 3 games each but I asked and it is allowed. I will add some more now to test it a bit further.

Hi Trofo, we are already looking into it thanks.
Just one clarification though. Single bets need to be place individually, I made that note in this post:
https://bitcointalk.org/index.php?topic=1256522.msg43728918#msg43728918

The bets you are placing in Trofo and TrofoAlt are of type Multiple / Express, and the script is only taking the first one.
I do have a question though, because I didn't understood one part. Those are not parlays correct? Meaning, each of those bets will be paid at the odds showed for each one of them, and they are not being multiplied and you only win that accumulator, if all those bets win.

If each of those bets are supposed to be treated individually, then you need to place all of them individually as well, as I explained in that post. If those bets should be treated as a single bet (parlay when you need to win all of them in order to get paid), then they should count.

Anyway, all this has been reported to BetKing.io already, and they will look into it, as they already said in this thread.
Hi guys
If there are any issues with bets on leaderboard please pm and I'll get this sorted asap.
We might have a couple tweaks needed on day one but we will resolve them.

Please keep reporting any problems you might encounter.
Thanks.

They were intended as parlays. Meaning I have to get them all correctly to win the bet. Maybe I messed something up when placing them (first time using betking) but I don't think so because I just placed one more in same way and it is showing correct multiplied odds and winnings for intended parlay (accumulator of 4 games).

My usual way of betting is to play parlay of 2 or 3 games and never had any issues on other sites with placing them so I am hoping that part was done correctly. I think that our competition dashboard is not parsing them correctly.

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FrueGreads (OP)
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August 17, 2018, 02:09:47 PM
 #32

Same problem with me. And one bet is even registring wrong odds. I guess competition dashboard needs some tinkering. All my bets are actually tickets with 3 games each but I asked and it is allowed. I will add some more now to test it a bit further.

Hi Trofo, we are already looking into it thanks.
Just one clarification though. Single bets need to be place individually, I made that note in this post:
https://bitcointalk.org/index.php?topic=1256522.msg43728918#msg43728918

The bets you are placing in Trofo and TrofoAlt are of type Multiple / Express, and the script is only taking the first one.
I do have a question though, because I didn't understood one part. Those are not parlays correct? Meaning, each of those bets will be paid at the odds showed for each one of them, and they are not being multiplied and you only win that accumulator, if all those bets win.

If each of those bets are supposed to be treated individually, then you need to place all of them individually as well, as I explained in that post. If those bets should be treated as a single bet (parlay when you need to win all of them in order to get paid), then they should count.

Anyway, all this has been reported to BetKing.io already, and they will look into it, as they already said in this thread.
Hi guys
If there are any issues with bets on leaderboard please pm and I'll get this sorted asap.
We might have a couple tweaks needed on day one but we will resolve them.

Please keep reporting any problems you might encounter.
Thanks.

They were intended as parlays. Meaning I have to get them all correctly to win the bet. Maybe I messed something up when placing them (first time using betking) but I don't think so because I just placed one more in same way and it is showing correct multiplied odds and winnings for intended parlay (accumulator of 4 games).

My usual way of betting is to play parlay of 2 or 3 games and never had any issues on other sites with placing them so I am hoping that part was done correctly. I think that our competition dashboard is not parsing them correctly.

Ok, If you are seeing the multiplied odds then I think everything is ok, and it's a problem with the leaderboard.
BetKing.io is looking into it, so hopefully it will be solved today.

Sorry for the inconvenience, and again, thanks for reporting.

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                   BitCloak Bitcoin Mixer  
  BTC & BCH | API| MULTIADDRESS| PGP PROOF|  FAST MIX |  ESCROW|  MORE ! 

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Joca97
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August 17, 2018, 02:29:26 PM
 #33

I made 2 bets none of them counted yet
Also do they count after finishing or?

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.HUGE.
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August 17, 2018, 02:59:57 PM
 #34

These are the bets ID which didn't pass for me
40279290
40278347
40242346
40241572
40240554
40273916
40273587
40273332

I made 2 bets none of them counted yet
Also do they count after finishing or?

The bets should appear in the leaderboard as soon as you place them, and count towards the minimum amount of bets immediately (if they are valid, of course). However, there seems to be a problem with the leaderboard at the moment, and not all bets are being counted as eligible - BetKing is already looking into it though, so no worries (you can check the last few posts for more details).
Joca97
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August 17, 2018, 06:24:59 PM
 #35

These are the bets ID which didn't pass for me
40279290
40278347
40242346
40241572
40240554
40273916
40273587
40273332

I made 2 bets none of them counted yet
Also do they count after finishing or?

The bets should appear in the leaderboard as soon as you place them, and count towards the minimum amount of bets immediately (if they are valid, of course). However, there seems to be a problem with the leaderboard at the moment, and not all bets are being counted as eligible - BetKing is already looking into it though, so no worries (you can check the last few posts for more details).


Forever waiting for bets to get graded ,no valid bets on leaderboard made 2 bets
Hard to keep track of points on live leaderboard
Not enough matches that we can choose from
Really not satisfied

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.HUGE.
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u9y42
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August 17, 2018, 07:22:22 PM
 #36

[...]

Forever waiting for bets to get graded ,no valid bets on leaderboard made 2 bets
Hard to keep track of points on live leaderboard
Not enough matches that we can choose from
Really not satisfied

It's the first day, Joca97 - there are bound to be a few hiccups. Smiley

But don't worry, BetKing is working on it as we speak.





Also, Avatars!

Avatar

This is the Avatar:



It gives participants the option to receive their Daily Challenge Prizes as "Bonus Betting Balance" instead of "Free Bets".
White sugar
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August 17, 2018, 08:09:08 PM
 #37

Hi? I have bets made before my entry whitesugar1 has been added to leaderboard, but after the competition started

id's are:
 
40150925   
40149673
u9y42
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August 17, 2018, 08:31:31 PM
 #38

Hi? I have bets made before my entry whitesugar1 has been added to leaderboard, but after the competition started

id's are:
 
40150925   
40149673

Yep, those should be added to the leaderboard as well - I've PMed BetKing about it.
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August 17, 2018, 08:42:12 PM
 #39

Hi? No bet from whitesugar2 is coming through the leaderboard
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August 17, 2018, 10:12:14 PM
 #40

40394192

Isn't showing in the leaderboard
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