Bitcoin Forum
December 12, 2018, 11:05:55 AM *
News: Latest Bitcoin Core release: 0.17.0 [Torrent].
 
   Home   Help Search Login Register More  
Pages: [1] 2 3 4 »  All
  Print  
Author Topic: Overview of Bitcoin Accepting Sportsbooks (with margin/house edge comparisons)  (Read 1599 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.
DarkStar_
Legendary
*
Offline Offline

Activity: 1176
Merit: 1480

🤔


View Profile WWW
September 29, 2018, 11:37:45 PM
Merited by casinobitco (50), Stunna (6), tokeweed (5), FrueGreads (5), dbshck (4), hahay (4), RHavar (3), buwaytress (2), Dice-Bet (2), Cloudbet (1), veleten (1), harizen (1), ralle14 (1), HiDevin (1), NightSabre (1)
 #1

Overview of Bitcoin Accepting Sportsbooks


|     Advertisement     |

Advertised sites, items, etc are not endorsed and may be unsafe, untrustworthy, or illegal in your jurisdiction.
This spot is available. Advertise here



This thread is aimed at providing an overview of the major Bitcoin accepting sportsbooks, based on the margin (house edge) that they charge. There are many fiat sportsbooks that accept BTC as a deposit (ex Bookmaker.eu, Bovada, etc), but they will not be listed due to the sheer number of them, general lack of good margins, fiat conversion and forced KYC.

Optimally, you want to play at the sportsbooks with the lowest margin to maximize your profits, and keep a balance on a few sportsbooks so that you can "shop" for better odds. The higher margin that a book has, the less chance you will have to make a long term profit. Generally, betting on options with a margin above 5% should be avoided if you want to turn a long term profit.


The Importance of Low Margins
Sports margins are basically the house edge for games such as Dice or Roulette. Imagine bets as a coin flip. With a 5% margin, your bet pays out at odds @1.905 if it wins, giving you a profit of 0.905 units. With a 2% margin, your bet pays out at odds @1.96, giving you a profit of 0.96 units. You just won 6% more because you chose to bet on a sportsbook with a lower margin. Pinnacle has a more indepth explanation if you're interested.


Sportsbooks Used For Comparison
The following sportsbooks will be used for comparison: (sorted alphabetically)

Betcoin
BetKing | BetKing unfortunately shut down their sportsbook.
BitcoinRush
Cloudbet
Jetwin
mBitCasino
Nitrogen
Sportsbet.io

These were chosen because they are the most popular, offer the best odds, or offer more options. I believe the list covers all semi-reputable Bitcoin focused sportsbooks.
Betcoin and Jetwin were added after I did most margin calculations. They will be included in future updates, but may be missing in some current comparisons.

1xbit is not included because you will get scammed 99% of the time. Avoid.

If you do not have an account at a sportsbook and are interested in registering, I have a referral link for most of them if you're feeling nice. Send me a PM, as ref links can't be publicly posted.


Soccer/Football

I will be providing a comparison of major soccer events, on the Moneyline/Match Winner, Totals and Asian Handicap markets. The most balanced line will be used (meaning, the options with odds closest to 50%. Many books will increase margins for significantly more likely/unlikely events, such as Over/Under 0.5). Most other markets will have a significantly higher margin, and are less popular, so they will not be covered in this overview. Margins will be calculated by using two events, and averaging the margins. The lowest margin is bolded.

EPL (English Premier League):

|Sportsbook|Match Winner Margin|Over/Under Margin|Handicap Margin|
|Betcoin|1.57%|4.00%|6.92%|
|BitcoinRush|1.78%|2.34%|2.41%|
|Cloudbet|2.13%|2.65%|2.42%|
|mBitCasino|5.99%|3.29%|2.42%|
|Nitrogen|2.20%|3.11%|2.87%|
|Sportsbet.io|4.80%|5.88%|3.98%|

Note: While Betcoin has a smaller overall margin, they use a different odds provider than BitcoinRush. If you like to bet on Match Winner markets, I would keep funds at both sites, and compare between those two to get the best possible odds.

I've grouped the events for other major European soccer together as there would be way too many tables otherwise. Margins for them are quite similar across each sportsbook, which is why I combined them.

Major European Soccer: (La Liga, Bundeseliga, Ligue 1 and Serie A)

|Sportsbook|Match Winner Margin|Over/Under Margin|Handicap Margin|
|Betcoin.ag|2.33%|7.34%|7.16%|
|BitcoinRush|2.86%|2.89%|2.08%|
|Cloudbet|3.83%|5.10%|3.55%|
|Jetwin|8.43%|5.85%|5.98%|
|mBitCasino|5.96%|3.72%|3.09%|
|Nitrogen|3.36%|4.22%|3.60%|
|Sportsbet.io|5.00%|4.69%|4.56%|

Champions's League margins are a bit higher than the national European leagues.

UEFA Champions League:

|Sportsbook|Match Winner Margin|Over/Under Margin|Handicap Margin|
|Betcoin.ag|2.06%|6.84%|6.56%|
|BitcoinRush|2.98%|2.83%|2.22%|
|Cloudbet|3.60%[1]|3.37%[1]|2.59%|
|Jetwin|6.82%[1]|5.77%|5.87%|
|mBitCasino|8.06%|3.70%|3.00%|
|Nitrogen|3.61%|3.92%|3.22%|
|Sportsbet.io|4.94%|4.97%|4.93%|

[1] Cloudbet/Jetwin had a extremely high margins for the second event I chose, likely because it's farther out from starting. As it is clearly an outlier, I have excluded it from this data.

For the UEFA Nations League: Cloudbet and Jetwin race to see who has the highest margins, and BitcoinRush once again sweeps with the lowest margins overall.

UEFA Nations League:

|Sportsbook|Match Winner Margin|Over/Under Margin|Handicap Margin|
|Betcoin.ag|5.11%|6.56%|6.99%|
|BitcoinRush|2.96%|3.38%|2.63%|
|Cloudbet|12.75%|5.87%|5.93%|
|Jetwin|12.39%|8.49%|8.41%|
|mBitCasino|5.98%|5.55%|4.89%|
|Nitrogen|3.45%|4.01%|3.18%|
|Sportsbet.io|4.19%|4.92%|3.98%|


Baseball

For Baseball, the Match Winner, Over/Under and Handicap markets will be used. These are the major baseball markets. Margins will be calculated by using two events, and averaging the margins. The lowest margin is bolded.

MLB:

|Sportsbook|Match Winner Margin|Over/Under Margin|Handicap Margin|
|BitcoinRush|2.01%|2.94%|2.71%|
|Cloudbet|3.17%|4.15%|3.90%|
|mBitCasino|3.02%|6.30%|4.14%|
|Nitrogen|3.18%|3.75%|3.61%|
|Sportsbet.io|4.03%|4.06%|4.10%|


American Football

For American Football, the Match Winner, Asian Handicap and Totals markets will be covered, as they are the most popular. I will add NCAA comparisons if there is demand, however I'm starting with just the most popular (NFL). The lowest margin is bolded.

NFL:

|Sportsbook|Match Winner Margin|Over/Under Margin|Handicap Margin|
|Betcoin|3.93%|5.30%|7.63%|
|BitcoinRush|2.67%|2.78%|2.98%|
|Cloudbet|2.75%|3.04%|3.36%|
|Jetwin|4.87%|5.45%|5.65%|
|mBitCasino|2.67%|2.78%|2.92%|
|Nitrogen|2.69%|2.91%|3.12%|
|Sportsbet.io|4.06%|3.90%|4.06%|


Tennis

For Tennis, the Match Winner, Game Handicap and Totals markets will be covered, as they are the most popular. The below margins are for the finals of Chengdu Open and Shenzen Open. The less important matches (such as Round of 64) generally have higher margins, but this is a good starting point. It's always a good idea to shop around for better odds. WTA is generally the same as ATP. The lowest margin is bolded.

ATP:

|Sportsbook|Match Winner Margin|Over/Under Margin|Handicap Margin|
|BitcoinRush|1.90%|2.57%|2.46%|
|Cloudbet|3.33%|3.64%|4.17%|
|mBitCasino|5.01%|4.99%|4.96%|
|Nitrogen|3.47%|3.96%|4.57%|
|Sportsbet.io|6.02%|6.12%|5.85%|

Data not averaged for WTA as only one final is going on at the moment. I'll try to catch the next final to add an average. Unfortunately, Cloudbet didn't offer odds for the major markets of this event, so they were not included.

WTA:

|Sportsbook|Match Winner Margin|Over/Under Margin|Game HandicapMargin|
|Betcoin.ag|4.76%|5.34%|3.91%|
|BitcoinRush|2.07%|2.59%|2.56%|
|Cloudbet|N/A|N/A|N/A|
|Jetwin|10.64%|N/A|N/A|
|mBitCasino|3.89%|4.19%|5.26%|
|Nitrogen|3.56%|4.17%|3.95%|
|Sportsbet.io|6.01%|6.14%|5.83%|


MMA

For MMA, the Match Winner and Under/Over markets will be used. The specific match used for this comparison is the Khabib Nurmagomedov - Conor McGregor fight on Oct 6, as it is one of the more major ones. The lowest margin is bolded.

UFC:

|Sportsbook|Match Winner Margin|Over/Under Margin|
|Betcoin.ag|7.07%|N/A|
|BitcoinRush|2.82%|3.80%|
|Cloudbet|5.25%|6.01%|
|Jetwin|8.33%|7.99%|
|mBitCasino|4.85%|6.01%|
|Nitrogen|3.03%|4.07%|
|Sportsbet.io|6.07%|6.01%|


Basketball

For Basketball, the Match Winner, Under/Over and Handicap markets are used. The lowest margin is bolded.

NBA:

|Sportsbook|Match Winner Margin|Over/Under Margin|Handicap Margin|
|Betcoin.ag|5.91%|6.20%|N/A%|
|BitcoinRush|2.56%|2.57%|2.47%|
|Cloudbet|3.06%|2.57%|2.85%|
|Jetwin|4.56%|3.63%|3.53%|
|mBitCasino|2.56%|2.57%|2.47%|
|Nitrogen|3.59%|3.64%|3.61%|
|Sportsbet.io|5.82%|6.39%|5.84%|


Ice Hockey

For Ice Hockey, the Match Winner, Under/Over and Handicap markets are used. The lowest margin is bolded.

NHL:

|Sportsbook|Match Winner Margin|Over/Under Margin|Handicap Margin|
|Betcoin.ag|7.86%|7.52%|8.13%|
|BitcoinRush|2.42%|2.93%|2.51%|
|Cloudbet|3.76%|4.03%|4.11%|
|Jetwin|6.10%|6.00%|5.41%|
|mBitCasino|4.35%|4.70%|5.23%|
|Nitrogen|2.97%|3.28%|3.66%|
|Sportsbet.io|3.89%|4.13%|3.82%|


Esports

Data below is from user beam2546. Please click on the quote to view his full post for more specifics such as the event and comparisons with fiat books. I personally have never played at Buff88 or 1xBit so please do your own research instead of blindly depositing.

ESPORT:
- = Not available.
|Sportsbook|Match Winner Margin|Over/Under Margin|Handicap Margin|
|Buff88|5.88%|6.25%|6.21%|
|1xbit|7.40%|9.77%|8.56%|
|mBitCasino|5.88%|6.25%|6.21%|
|Nitrogen|5.97%|-|-|
|Sportsbet.io|5.90%|7.86%|7.97%|


Sportsbook Fees
Sportsbooks charge (or don't charge) fees, and those can affect your bottom line. Here's an overview of sportsbook fees:

||Betcoin|BetKing|BitcoinRush|Cloudbet|Jetwin|mBitCasino|Nitrogen|Sportsbet.io|
|Withdraw Fee|Miner's Fees|Custom sat/byte|Free|Miner's FeesBTC|Huh|Free|Free|Free|


Markets Offered

There are too many available markets (especially for events such a Soccer) to have a nice table, but I will try to offer basic descriptions of how many markets are available. BitcoinRush only offers the most basic markets and occasional props. Nitrogen is the same, with the addition of Corners betting for soccer. All other books listed (Betcoin, BetKing, Cloudbet, mBitCasino, and Sportsbet.io) have a wide range of markets. One notable thing to mention is that BetKing lacks Asian Handicap markets for Soccer betting.


TLDR/FAQ

What sportsbook should I use?
It's better to have accounts at multiple sportsbooks, as odds vary. I personally keep Sportsbet.io, BetKing and BitcoinRush funded for my betting.
If you must choose one, I'd go with BitcoinRush or BetKing depending on what you bet on.

My own calculations are different!
I aim to be 100% accurate, however mistakes can happen, and sportsbooks can change their margins. Rounding can also cause a minor change in margin. If someone seems considerably off, post in the thread or send me a PM and I'll update it.

Can I stay anonymous?
BetKing and Nitrogen and won't ask for KYC. Sportsbet.io, Cloudbet and mBitCasino don't require KYC, but may request that you do it. BitcoinRush doesn't require it, but they 'reserve the right' and seem to have a profit limit for those who don't KYC.

Why should I listen to you?
You shouldn't. Don't trust, verify. You can calculate margins yourself using this calculator. I'm a semi-experienced sports bettor who plays medium-ish stakes (50 mBTC to 200 mBTC per bet usually).

Why did you make this thread?
Merit farming. There's no good overview of bitcoin accepting sportsbooks. Those that do exist seem to be very bad.

If you have any other questions, I'd be happy to answer them.


Miscellaneous

Sportsbet.io offers a 'Price Boost' that lets you boost the odds of a selection, per sport every 24 hours. It reduces margin to anywhere around -1% to 1.5%. If you don't place many bets, and don't mind KYC, Sportsbet.io is the best sportsbook for you.

BitEdge is decent for odds comparisons, but they don't include BitcoinRush or BetKing (the two sites with lowest margins)

Fairlay is a sports betting exchange. It's a bit harder/confusing to use, but you can get lower margins some of the time. They charge a 0.25 mBTC withdraw fee and have a 0.25% commission on winnings, so keep that in mind. BetBTC.co is another option for an exchange, except they charge a whopping 4% commission.

BitcoinRush offers betbacks as part of their loyalty program. It gives you 0.1% of your sport bet back, win or loss and can increase if you wager over 20 BTC. This further decreases the margin.

For transparency, you can view the raw data here.

To sportsbooks: If you improve your margins, send me a PM and I'd be happy to update my overview.



This topic is self moderated to prevent spam.
Thread format is based off of Mitchell's Signature Campaign overview thread.

Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1544612755
Hero Member
*
Offline Offline

Posts: 1544612755

View Profile Personal Message (Offline)

Ignore
1544612755
Reply with quote  #2

1544612755
Report to moderator
DarkStar_
Legendary
*
Offline Offline

Activity: 1176
Merit: 1480

🤔


View Profile WWW
September 30, 2018, 05:49:53 PM
 #2

TO-DO:

  • Add Betcoin/Jetwin to all selections
  • Add info about Live Betting
  • Add NCAA overview
  • Add eSports overview
  • Add basic limit info
  • Add overview of the "best" books
  • Add overview of promotions/loyalty programs
  • You tell me!

Betcoin.AG
Legendary
*
Offline Offline

Activity: 1596
Merit: 1001


Betcoin.ag Forum Rep - Casino, Sports, Poker


View Profile WWW
September 30, 2018, 11:40:12 PM
 #3


Betcoin: Same odds provider as mBitCasino, except with even higher margin! Zero reason to bet at Betcoin.


This is completely false. Betcoin.ag does not use the same provider as mBitCasino and has not for nearly 1.5 years. We are unsure why OP decided to make this false statement. Betcoin.ag made tremendous improvements in its sports offering to make us competitive with all sports books on the market including fiat and crypto nearly 1.5 years ago. Since then our offerings, activity and experience has improved tremendously. Additionally, we are always looking to improve and look forward to your feedback. We invite you to experience Betcoin.ag Sports today and strongly believe you will have a highly enjoyable experience. Thank you.

www.betcoin.ag/sports

Dice-Bet
Full Member
***
Offline Offline

Activity: 238
Merit: 102


Dice-Bet.com | BTC, ETH, LTC | 0.7% HE | Invest


View Profile WWW
October 01, 2018, 12:03:04 AM
 #4

hey DarkStar this is really useful - good job!

I may run a dice site but I do enjoy betting on sports. Under/Over on basketball are usually my lines so thanks for looking into the margins further  Cool

DarkStar_
Legendary
*
Offline Offline

Activity: 1176
Merit: 1480

🤔


View Profile WWW
October 01, 2018, 01:31:11 AM
 #5


Betcoin: Same odds provider as mBitCasino, except with even higher margin! Zero reason to bet at Betcoin.


This is completely false. Betcoin.ag does not use the same provider as mBitCasino and has not for nearly 1.5 years. We are unsure why OP decided to make this false statement. Betcoin.ag made tremendous improvements in its sports offering to make us competitive with all sports books on the market including fiat and crypto nearly 1.5 years ago. Since then our offerings, activity and experience has improved tremendously. Additionally, we are always looking to improve and look forward to your feedback. We invite you to experience Betcoin.ag Sports today and strongly believe you will have a highly enjoyable experience. Thank you.

www.betcoin.ag/sports

My bad, I haven't used your book for about 2 years and when I did, you used UltraPlay. I did check again and it appears to be a different provider. I apologize for my error.
Regardless of provider, on NFL, your even lines at at -111 (1.9 decimal), which is below the industry standard and not at all competitive. That's a 5.26% margin, which is way above all books listed (minus mBitCasino for a few outcomes). Your EPL lines are at ~5.7% for ML, ~6.9% for Handicaps and ~7.1% for Totals (from one event that I checked). MLB margins are all around 6% or higher.

If you ever choose to make your sportsbook competitive, I'd be happy to include you. However, paying an extra 5% of my winnings to you is not something that would be a highly enjoyable experience. You also lack things such as bonuses or promotions that would otherwise make up for your poor margins.

freemarketaussie
Newbie
*
Offline Offline

Activity: 42
Merit: 0


View Profile
October 01, 2018, 03:47:57 AM
 #6

Thanks so much this is great info. Will have to place a few bets with BitcoinRush, they clearly have the best odds.  Grin Smiley 
buwaytress
Hero Member
*****
Offline Offline

Activity: 826
Merit: 749


I bit, therefore I am


View Profile
October 01, 2018, 07:44:02 AM
 #7

Finally, someone did this. Was mulling it in my head for a while but didn't have the time to collect the necessary information, and am glad DS went ahead with this - few better people in this forum section to make this kind of analysis.

I only bet on football/soccer and the occassional tennis, and have been doing so with Bitcoin since 2017; Bitcoinrush has always had the best odds by far, mainly because Pinnacle gives good odds and BCR has the lowest margins.

Like many betters, my loyalty lies with the lowest margins/best odds - add on top of that BCR's cashback and it's practically a no-brainer.

Thanks so much this is great info. Will have to place a few bets with BitcoinRush, they clearly have the best odds.  Grin Smiley 

And they all add up. I don't typically play with big bets, but when long parlays and underdog bets especially translate those thin margin advantages into significant advantages over time. I made this thread to track bets, adding up % and unit advantages over time, simply by choosing the bookie with better odds. As you can see even with about 30 bets so far, there's already a +100 unit advantage, if betting the same amounts every time. All bets were initially made only on BitcoinRush but I recently added BetKing also to reflect their sometimes lower margins especially on Euro football (something I wasn't actually aware of until DarkStar and SyGambler pointed out).


Betcoin.AG
Legendary
*
Offline Offline

Activity: 1596
Merit: 1001


Betcoin.ag Forum Rep - Casino, Sports, Poker


View Profile WWW
October 01, 2018, 01:56:37 PM
 #8


My bad, I haven't used your book for about 2 years and when I did, you used UltraPlay. I did check again and it appears to be a different provider. I apologize for my error.
Regardless of provider, on NFL, your even lines at at -111 (1.9 decimal), which is below the industry standard and not at all competitive. That's a 5.26% margin, which is way above all books listed (minus mBitCasino for a few outcomes). Your EPL lines are at ~5.7% for ML, ~6.9% for Handicaps and ~7.1% for Totals (from one event that I checked). MLB margins are all around 6% or higher.

If you ever choose to make your sportsbook competitive, I'd be happy to include you. However, paying an extra 5% of my winnings to you is not something that would be a highly enjoyable experience. You also lack things such as bonuses or promotions that would otherwise make up for your poor margins.

Hello Darkstar, thank you for your excellent work. We would like to point out that our margins are competitive with, or better than mbit casino and sportsbet.io for NFL, most MLB, most UEFA and EPL as well as many others. You should include Betcoin.ag Sports in your analysis. We actually strongly believe in what you are doing and fully support you. You should certainly include one of the first and strongest Bitcoin sportsbooks in the marketplace.

Based on your analysis, we will also be making some changes and will look to you and others for their feedback and experience. We look forward to your thoughts and are always looking to improve. We have worked very hard to make the sportsbook better and continue to try and improve by requesting feedback often. In fact, we just tripled our maximum wager size to 300 mBTC last week!

While we do not currently offer any sports bonuses, we did just institute a sports VIP program where players can earn status points on their sports play to increase your VIP level which can lead to lossback and betback on casino play and soon on their sports play.
https://www.betcoin.ag/betcoin-sports-re-launch-out-beta-get-your-past-status-points-10x-points-next-month

Regarding promotions, we are currently giving away 2 BTC over the regular season in our NFL BitConfidence pool.
https://www.betcoin.ag/nfl-football-promo-bitconfidence-pool-2-btc-guaranteed-prizes
We have been running promos with huge guaranteed added prizes like this for most major events, including most recently the US Open Tennis and World Cup.

Lastly, some other things that set us apart are our large amount of markets per match and our withdrawal times. We see that some of these sites only offer ML, Spread and O/U. We include up to 200 markets for both LIVE and PRE-MATCH for football (soccer) and up to 100 for American football, basketball and baseball. The new provider also has much faster and more accurate grading. We also average 15 minutes for processing of withdrawals, INCLUDING WEEKENDS.

We think it is unfair to call our sportsbook not competitive or say there is no reason to play there. Each sportsbook you mentioned (some of which we recommend ourselves) has it's pros and cons and we hope you would give us another try because there are definitely benefits to playing at Betcoin Sports.

NightSabre
Member
**
Offline Offline

Activity: 79
Merit: 10

RuneScape OG


View Profile
October 01, 2018, 03:18:21 PM
Merited by DarkStar_ (2)
 #9

Damn you DarkStar, after reading this im now addicted to checking all the margins for my bets before placing them  Grin

Really useful guide though. Could you please add some detail about the territories that the sportsbooks allow? Im not sure if any of the good ones allow UK players
SyGambler
Legendary
*
Offline Offline

Activity: 1428
Merit: 1165


View Profile
October 01, 2018, 08:30:52 PM
 #10

snip

to be competitive with others margin should be way lower than 5% , it's really high and not acceptable
I do gamble every day on sports and I can tell you having a lot of markets to bet on isn't my concern since over 90% I just go for ML , Handicap and over/under
I only use bitcoinrush , betking and sportsbet so it's all about the odds not about the markets available

sportsbet has high margin but they also have price boost where bettors can get odds higher than anywhere else ( even fiat sites ) so IMO sportsbet still way better than betcoin

I hope you consider improving the odds cause such threads will make people realize where they should bet and I would say no one will be using sites that have high margin

DarkStar_
Legendary
*
Offline Offline

Activity: 1176
Merit: 1480

🤔


View Profile WWW
October 01, 2018, 09:11:13 PM
 #11

-snip

Hello Darkstar, thank you for your excellent work. We would like to point out that our margins are competitive with, or better than mbit casino and sportsbet.io for NFL, most MLB, most UEFA and EPL as well as many others. You should include Betcoin.ag Sports in your analysis. We actually strongly believe in what you are doing and fully support you. You should certainly include one of the first and strongest Bitcoin sportsbooks in the marketplace.

Based on your analysis, we will also be making some changes and will look to you and others for their feedback and experience. We look forward to your thoughts and are always looking to improve. We have worked very hard to make the sportsbook better and continue to try and improve by requesting feedback often. In fact, we just tripled our maximum wager size to 300 mBTC last week!

While we do not currently offer any sports bonuses, we did just institute a sports VIP program where players can earn status points on their sports play to increase your VIP level which can lead to lossback and betback on casino play and soon on their sports play.
https://www.betcoin.ag/betcoin-sports-re-launch-out-beta-get-your-past-status-points-10x-points-next-month

Regarding promotions, we are currently giving away 2 BTC over the regular season in our NFL BitConfidence pool.
https://www.betcoin.ag/nfl-football-promo-bitconfidence-pool-2-btc-guaranteed-prizes
We have been running promos with huge guaranteed added prizes like this for most major events, including most recently the US Open Tennis and World Cup.

Lastly, some other things that set us apart are our large amount of markets per match and our withdrawal times. We see that some of these sites only offer ML, Spread and O/U. We include up to 200 markets for both LIVE and PRE-MATCH for football (soccer) and up to 100 for American football, basketball and baseball. The new provider also has much faster and more accurate grading. We also average 15 minutes for processing of withdrawals, INCLUDING WEEKENDS.

We think it is unfair to call our sportsbook not competitive or say there is no reason to play there. Each sportsbook you mentioned (some of which we recommend ourselves) has it's pros and cons and we hope you would give us another try because there are definitely benefits to playing at Betcoin Sports.

Alright. I've added you to the Champions League overview, and I will add you to the other events in the near future. Champions League was the easiest because none of the matches were played yet; I'm not sure what to do for the other events (yet). I look forward to seeing you improve your sportsbook.

Damn you DarkStar, after reading this im now addicted to checking all the margins for my bets before placing them  Grin

Really useful guide though. Could you please add some detail about the territories that the sportsbooks allow? Im not sure if any of the good ones allow UK players

I would add that information, but I think it's probably easier for residents in countries to just check themselves. I do like your idea though! If anyone wants to compile a list, I'd be happy to add it, format it and send you some merits, but not all sportsbooks explicitly state the restrictions. For example, BetKing blocks USA and UK, but only mention UK in their FAQ.

jeremypwr
Legendary
*
Offline Offline

Activity: 1190
Merit: 1148


Campaign Management Services


View Profile
October 01, 2018, 09:24:57 PM
 #12

Nice work Darkstar  Cool

Truth be told, a smart punter would use the Sportsbet Price Boosts every 24 hours to maximize the highest odds.

As someone else mentioned, the odds offered w/ Price Boost surpass even fiat sites.

Suggestion for you Darkstar:

Include the odds provider for each Bitcoin sportsbook you've included.

DarkStar_
Legendary
*
Offline Offline

Activity: 1176
Merit: 1480

🤔


View Profile WWW
October 01, 2018, 09:31:42 PM
 #13

Nice work Darkstar  Cool

Truth be told, a smart punter would use the Sportsbet Price Boosts every 24 hours to maximize the highest odds.

As someone else mentioned, the odds offered w/ Price Boost surpass even fiat sites.

This was mentioned in the Misc section:

Sportsbet.io offers a 'Price Boost' that lets you boost the odds of a selection, per sport every 24 hours. It reduces margin to anywhere around -1% to 1.5%. If you don't place many bets, and don't mind KYC, Sportsbet.io is the best sportsbook for you.

Often, people will want to place multiple bets in a 24 hour period, so Sportsbet.io isn't the best option for them for all of their bets.


Include the odds provider for each Bitcoin sportsbook you've included.

This information is quite hard to come by, and isn't too useful. All books listed have different odds providers (AFAIK) except for Nitrogen & BitcoinRush, who both use Pinnacle lines. Nitrogen is Pinnacle + additional margin, while BitcoinRush is raw Pinnacle lines.

Betcoin.AG
Legendary
*
Offline Offline

Activity: 1596
Merit: 1001


Betcoin.ag Forum Rep - Casino, Sports, Poker


View Profile WWW
October 01, 2018, 09:51:39 PM
 #14


Alright. I've added you to the Champions League overview, and I will add you to the other events in the near future. Champions League was the easiest because none of the matches were played yet; I'm not sure what to do for the other events (yet). I look forward to seeing you improve your sportsbook.


We appreciate that. If you ever have any questions, shoot us a PM and feel free to let us know if there is anything we can ever do for you to help further your cause.

Flagship11
Full Member
***
Offline Offline

Activity: 434
Merit: 101



View Profile
October 01, 2018, 10:44:01 PM
 #15

Betcoin- your odds are insulting to say the least.
Tighten up those margins if you want to be at all competitive in this space.
DarkStar_
Legendary
*
Offline Offline

Activity: 1176
Merit: 1480

🤔


View Profile WWW
October 02, 2018, 11:58:41 PM
Merited by Dice-Bet (1)
 #16

MMA data added. Unfortunately it seems that BitcoinRush is the only competitive option for MMA; all other books, barring Nitrogen have a significantly higher margin. Ice Hockey will be hopefully added by Thursday.


MMA

For MMA, the Match Winner and Under/Over markets will be used. The specific match used for this comparison is the Khabib Nurmagomedov - Conor McGregor fight on Oct 6, as it is one of the more major ones. The lowest margin is bolded.

UFC:

|Sportsbook|Match Winner Margin|Over/Under Margin|
|Betcoin.ag|7.07%|N/A|
|BetKing|5.40%|8.23%|
|BitcoinRush|2.82%|3.80%|
|Cloudbet|5.25%|6.01%|
|Jetwin|8.33%|7.99%|
|mBitCasino|4.85%|6.01%|
|Nitrogen|3.03%|4.07%|
|Sportsbet.io|6.07%|6.01%|

SyGambler
Legendary
*
Offline Offline

Activity: 1428
Merit: 1165


View Profile
October 03, 2018, 05:08:21 AM
 #17

MMA data added. Unfortunately it seems that BitcoinRush is the only competitive option for MMA; all other books, barring Nitrogen have a significantly higher margin. Ice Hockey will be hopefully added by Thursday.


MMA

For MMA, the Match Winner and Under/Over markets will be used. The specific match used for this comparison is the Khabib Nurmagomedov - Conor McGregor fight on Oct 6, as it is one of the more major ones. The lowest margin is bolded.

UFC:

|Sportsbook|Match Winner Margin|Over/Under Margin|
|Betcoin.ag|7.07%|N/A|
|BetKing|5.40%|8.23%|
|BitcoinRush|2.82%|3.80%|
|Cloudbet|5.25%|6.01%|
|Jetwin|8.33%|7.99%|
|mBitCasino|4.85%|6.01%|
|Nitrogen|3.03%|4.07%|
|Sportsbet.io|6.07%|6.01%|

yep bicoinrush is dominating the markets when it comes to MMA , the only down side is the small limits where many times I was only able to place 30 mbtc and sometimes it's 60 mbtc but limits go higher at the day of the fight especially few hours before the event start
so would love to see rush raising the limits for MMA especially that most of the times people bet the favorite where the odds can been between 1.2-1.7 and with such limits the potential profit is kinda small

elabor77
Newbie
*
Offline Offline

Activity: 57
Merit: 0


View Profile
October 03, 2018, 08:53:37 AM
 #18



yep bicoinrush is dominating the markets when it comes to MMA , the only down side is the small limits where many times I was only able to place 30 mbtc and sometimes it's 60 mbtc but limits go higher at the day of the fight especially few hours before the event start
so would love to see rush raising the limits for MMA especially that most of the times people bet the favorite where the odds can been between 1.2-1.7 and with such limits the potential profit is kinda small
the bitcoinrush limit of 30/60 mbtc is ridiculous. It would be extremely unpleasant to deposit 1 btc and discover that they accept a maximum of 60 mbtc; they have at least one system that tells you what the maximum bet they accept (like what they use pinnacle)
jeremypwr
Legendary
*
Offline Offline

Activity: 1190
Merit: 1148


Campaign Management Services


View Profile
October 03, 2018, 11:41:23 PM
 #19

Nice work Darkstar  Cool

Truth be told, a smart punter would use the Sportsbet Price Boosts every 24 hours to maximize the highest odds.

As someone else mentioned, the odds offered w/ Price Boost surpass even fiat sites.

This was mentioned in the Misc section:

Sportsbet.io offers a 'Price Boost' that lets you boost the odds of a selection, per sport every 24 hours. It reduces margin to anywhere around -1% to 1.5%. If you don't place many bets, and don't mind KYC, Sportsbet.io is the best sportsbook for you.

Often, people will want to place multiple bets in a 24 hour period, so Sportsbet.io isn't the best option for them for all of their bets.


Include the odds provider for each Bitcoin sportsbook you've included.

This information is quite hard to come by, and isn't too useful. All books listed have different odds providers (AFAIK) except for Nitrogen & BitcoinRush, who both use Pinnacle lines. Nitrogen is Pinnacle + additional margin, while BitcoinRush is raw Pinnacle lines.

As someone else mentioned, just because a sportsbook has low margins doesn't mean it's the best option.

If you want to include some useful information, how about including what the maximum wager amount is for certain events.

Bitcoinrush may have the lowest margins, but they also have some of the lowest limits available.

Again, thanks for creating this thread  Cool

EDIT:  Maybe also include what sportsbook offer what coins.

Sportsbet.io, for example, is one of the only sportsbooks (to my knowledge) that offers Ethereum sports betting.

Information like this could be useful to newcomers and just in general to the community. 




casinobitco
Legendary
*
Offline Offline

Activity: 1755
Merit: 1023



View Profile WWW
October 03, 2018, 11:47:54 PM
 #20

MMA data added. Unfortunately it seems that BitcoinRush is the only competitive option for MMA; all other books, barring Nitrogen have a significantly higher margin. Ice Hockey will be hopefully added by Thursday.


MMA

For MMA, the Match Winner and Under/Over markets will be used. The specific match used for this comparison is the Khabib Nurmagomedov - Conor McGregor fight on Oct 6, as it is one of the more major ones. The lowest margin is bolded.

UFC:

|Sportsbook|Match Winner Margin|Over/Under Margin|
|Betcoin.ag|7.07%|N/A|
|BetKing|5.40%|8.23%|
|BitcoinRush|2.82%|3.80%|
|Cloudbet|5.25%|6.01%|
|Jetwin|8.33%|7.99%|
|mBitCasino|4.85%|6.01%|
|Nitrogen|3.03%|4.07%|
|Sportsbet.io|6.07%|6.01%|

yep bicoinrush is dominating the markets when it comes to MMA , the only down side is the small limits where many times I was only able to place 30 mbtc and sometimes it's 60 mbtc but limits go higher at the day of the fight especially few hours before the event start
so would love to see rush raising the limits for MMA especially that most of the times people bet the favorite where the odds can been between 1.2-1.7 and with such limits the potential profit is kinda small

Noted - and yes, we will be adjusting the limits to be higher this weekend ahead of the big MMA fight.


For reference, you can bet the max bet within 2 hours of an event starting. Max bet varies by sport and league, and I can assure everyone here, it goes as high at 1000 mBTC for main events, like NFL. If you are looking for higher limits, just give support a shout and they can always look into your account, play history, etc to make a determination.


Pages: [1] 2 3 4 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!