Overview of Bitcoin Accepting Sportsbooks (with margin/house edge comparisons)

[DarkStar_]

Really amazing work. Thanks for doing it. I'm sure bookies will also keep an eye on this, and this will probably generate a healthy competition among them, "forcing" them to lower their margins to be competitive, which will benefit all of us.

Thanks! So far, mBit lowered their margins for some sports (not sure if it's because of this) and BetKing + Betcoin have lowered their margins as a direct result of this thread.

Also, I do notice sometimes, that inside each League, popular games seem to get "different treatment/margin", and although the average margin for the entire League (let's say La Liga) could be better on a certain bookie, a popular game (let's say Barcelona vs Real Madrid) would have a better margin on another one.

This is just my impression, and I didn't do any particular work to back this up, it's just based on my impression of course, but I'm curious to know if there is any way to check this by monitoring these type of important games (top level teams, that usually generate a bigger volume of bets among users) individually?

I've looked at some of the more "interesting" games and it doesn't seem to happen for the low margin bookmakers. It might happen for more important events such as finals, but all Soccer matches are quite big. This is more evident in sports like Tennis, where Finals has lower margins than Round of 16 or whatever.

Any plans on adding E-Sports comparison since they are quite popular these days?

Soon™. There's a lot of E-Sports competitions though, so I'm not sure what would be a good way to offer E-Sports comparisons. Have any recommendations?

Edit: An overview like this but on sportsbooks promotions, or loyalty programs would also be great, but I guess that would be to much work to ask.

Promotions is something I've been meaning to do. It will come Soon™.

[Goodvalony]

Unfortunately None of this bookmakers are in My country except Betking But it is a different Betking. Totally a different Betking.  currently None of the Bookmakers here have any idea of adding bitcoin as a means of payment. 

[Rating Place]

DarkStar- Sorry for not getting back to you on Anonibet. They are still up and running. As you will notice the margins are very high on American sports. Payouts aren't up to par with other bitcoin books.

Even though their margins are very high, on occasion they will have the best line on a side. The same occurs over at Betcoin. Even if the margin is high on a particular event, you may be able to find a line better than other books on one side and payouts are fast.

[buwaytress]

Well, just aftery update here almost a week ago, findings have changed. Only some days since, so perhaps a coincidence, but it would appear Betking at least has lowered margins even more, as DS/OP indicates.

This week alone, I've seen even or even better odds on BK compared to Rush on major games for Over/Unders as well as for the significant underdog. Previous bets always on Rush with best margins for long odds... So maybe this is no longer the case.

@Frue yeah definitely more tinkering with odds on the maajor games... And more frequent/volatile odds on them. Exotic pickings hardly move odds until closer to match.

[DarkStar_]

DarkStar- Sorry for not getting back to you on Anonibet. They are still up and running. As you will notice the margins are very high on American sports. Payouts aren't up to par with other bitcoin books.

Even though their margins are very high, on occasion they will have the best line on a side. The same occurs over at Betcoin. Even if the margin is high on a particular event, you may be able to find a line better than other books on one side and payouts are fast.

Thanks for getting back to me! Anonibet seems to have decent margins for European football. I'm still not sure whether I should add them though, given how inactive they are. They don't have particularly good margins, so I feel it might not be worth the work to add them.

I've definitely noticed for Betcoin. I do encourage people to shop for odds, but I should probably add a disclaimer somewhere that states "lowest margins doesn't always mean the best odds" somewhere.

[roosbit]

Hi Op was going through some of the posts here and two words caught my eye because this is a sportbook thread and thought the terms apply to a casino. The words in question are "commission" and "house edge", now if you can be generous to explain to me how these come in play because with bookies I get what I paid for, example bet on an inplay epl game at odds of 2.3odds and payout comes as advertised once it's declared a winning wager! So were is the commission or house edge here...?

Sorry forgive me am not a pro gambler, but you can educate me.

[DarkStar_]

Hi Op was going through some of the posts here and two words caught my eye because this is a sportbook thread and thought the terms apply to a casino. The words in question are "commission" and "house edge", now if you can be generous to explain to me how these come in play because with bookies I get what I paid for, example bet on an inplay epl game at odds of 2.3odds and payout comes as advertised once it's declared a winning wager!

Sorry forgive me am not a pro gambler, but you can educate me.

Let's say we have a simple match between two teams with no possibility of Draw. We'll call it Team A vs Team B. The probability of each team winning is 50%.
A sportsbook with a 2.56% margin will give you odds of 1.95 on each outcome. 1.95 represents a 51.28% chance of winning, when in reality it is only 50%. This is present on both sides, so the total margin is 1.28% * 2 = 2.56%.

A sportsbook with a 5.26% margin will give you odds of 1.9 on each outcome. It represents a 52.63% chance of the team winning, but the real chance of winning is only 50%.

You get what you paid for, but books with lower house edges will give you more for the same payment.

[roosbit]

-snip-

Let's say we have a simple match between two teams with no possibility of Draw. We'll call it Team A vs Team B. The probability of each team winning is 50%.
A sportsbook with a 2.56% margin will give you odds of 1.95 on each outcome. 1.95 represents a 51.28% chance of winning, when in reality it is only 50%. This is present on both sides, so the total margin is 1.28% * 2 = 2.56%.

A sportsbook with a 5.26% margin will give you odds of 1.9 on each outcome. It represents a 52.63% chance of the team winning, but the real chance of winning is only 50%.

You get what you paid for, but books with lower house edges will give you more for the same payment.

Thread makes much more sense now with the numbers game going on, and just to be clear the house edge in this case is the margin??
By the way thanks for the enlightenment

[DarkStar_]

-snip-

Let's say we have a simple match between two teams with no possibility of Draw. We'll call it Team A vs Team B. The probability of each team winning is 50%.
A sportsbook with a 2.56% margin will give you odds of 1.95 on each outcome. 1.95 represents a 51.28% chance of winning, when in reality it is only 50%. This is present on both sides, so the total margin is 1.28% * 2 = 2.56%.

A sportsbook with a 5.26% margin will give you odds of 1.9 on each outcome. It represents a 52.63% chance of the team winning, but the real chance of winning is only 50%.

You get what you paid for, but books with lower house edges will give you more for the same payment.

Thread makes much more sense now with the numbers game going on, and just to be clear the house edge in this case is the margin??
By the way thanks for the enlightenment

Yup, statistically the house is supposed to profit the margin percentage with each bet. Same as house edge.

[Rating Place]

DarkStar- Sorry for not getting back to you on Anonibet. They are still up and running. As you will notice the margins are very high on American sports. Payouts aren't up to par with other bitcoin books.

Even though their margins are very high, on occasion they will have the best line on a side. The same occurs over at Betcoin. Even if the margin is high on a particular event, you may be able to find a line better than other books on one side and payouts are fast.

Thanks for getting back to me! Anonibet seems to have decent margins for European football. I'm still not sure whether I should add them though, given how inactive they are. They don't have particularly good margins, so I feel it might not be worth the work to add them.

I've definitely noticed for Betcoin. I do encourage people to shop for odds, but I should probably add a disclaimer somewhere that states "lowest margins doesn't always mean the best odds" somewhere.

Just to give an example of where a book may have a higher theoretical hold but better line on one side, Betcoin has Dallas -200 on the ML in the NFL game tonight. After that I it looks like -225 is the best.

[Flagship11]

Some really useful information in here
Thanks for contributing as usual

[goxcraft]

Total number of LIVE events also indicates the quality of sportsbook. IMO, it would be useful to compare this index as well.

[DarkStar_]

Total number of LIVE events also indicates the quality of sportsbook. IMO, it would be useful to compare this index as well.

If you're hoping to shill for Jetwin, their live offering is garbage. You might want to shill their promotions instead as that seems to be the only thing they might actually be a viable option from. Only 1 American football match is available live right now on Jetwin while Sportsbet has 6 live. Betcoin has all 7. Jetwin's live margins are no surprise below all other books, with -123/@1.81 evens versus Sportsbet's -114/@1.88 or Betcoin's -111/@1.9.

[buwaytress]

Just saw the news, it seems Betking's just taken down their sportsbook, with no plans to add it back any time soon. Owner citing low traffic in chat. I was just beginning to enjoy their odds, they took about half of my bets ever since joining late September.

It's quite strange to me that volume of play still goes to bookies with much higher margins, even with threads like these showing people what a big difference lower margins can make even if tiny fractions are shaved off. Must be something about the mentality of sports bettors I'm not understanding.

[RocketSingh]

Why OP doesn't contain a section for Cricket?

[DarkStar_]

Why OP doesn't contain a section for Cricket?

Hopefully will be there eventually.

[veleten]

there is one new sportsbook that emerged not so long ago: https://www.betbit.com/
their topic: https://bitcointalk.org/index.php?topic=5056786
while it is not the best sportsbook I have seen and I haven't tested deposits/withdrawals just yet , but they claim there is no  KYC and their events list is quite good
by the way, the owner offers free 0.003 btc with 10x rollover requirement bonus for legendary members to try the site out
you could check it out and decide if it is worth including or not

[beam2546]

Since OP said that he will add esport but he still not do it yet and I also doing comparisons on esport too. I decided to shared it here.

I have to included 1xbit here because It provide biggest coverage in esport. Can't skip them sorry.

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%	|

Now compare with real money sportsbook.

|	Sportsbook	|	Match Winner Margin	|	Over/Under Margin	|	Handicap Margin	|
|	bet365	|	7.61%	|	9.11%	|	5.79%	|
|	Pinnacle	|	4.87%	|	-	|	4.78%	|
|	gg.bet	|	5.53%	|	7.53%	|	7.41%	|

Overall: esport have extremely high margin. Even Pinnacle have 4.87% margin. I hope in future some sportsbook can step up and give better margin than this.

Update
This time I'll use Astralis vs Liquid as the reference of comparisons. It's 5 stars match and one of the best match in this month. So I think all sportsbook will make their margin better than old one

- mean Not available.
= mean odd is same (look at percentage and it will tell which one is duplicate)

|	Sportsbook	|	Match Winner Margin	|	Over/Under Margin	|	Handicap Margin	|
|	Buff88	|	6.21% (=)	|	6.53% (=)	|	6.44% (=)	|
|	1xbit	|	4.38%	|	8.23% (=)	|	8.82%	|
|	mBitCasino	|	6.21% (=)	|	6.53% (=)	|	6.44% (=)	|
|	Nitrogen	|	-	|	-	|	-	|
|	Sportsbet.io	|	5.88%	|	8.23% (=)	|	8.23% (=)	|

Overall: I don't have time to do real money sportsbook comparisons but I can tell that 1xbit match winner margin is less than Pinnacle (4.83%) but Over/under and Handicap still have high margin.

[DarkStar_]

Since OP said that he will add esport but he still not do it yet and I also doing comparisons on esport too. I decided to shared it here.

I have to included 1xbit here because It provide biggest coverage in esport. Can't skip them sorry.

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%	|

Now compare with real money sportsbook.

|	Sportsbook	|	Match Winner Margin	|	Over/Under Margin	|	Handicap Margin	|
|	bet365	|	7.61%	|	9.11%	|	5.79%	|
|	Pinnacle	|	4.87%	|	-	|	4.78%	|
|	gg.bet	|	5.53%	|	7.53%	|	7.41%	|

Overall: esport have extremely high margin. Even Pinnacle have 4.87% margin. I hope in future some sportsbook can step up and give better margin than this.

Thanks for doing this! Mind if I add it to the thread (with credit to you)?

Also, what event(s) did you compare? I would expect that margins highly differ in eSports depending on the event - some minor CS:GO qualifier is going to have a higher margin than LoL Worlds.

[beam2546]

Since OP said that he will add esport but he still not do it yet and I also doing comparisons on esport too. I decided to shared it here.

I have to included 1xbit here because It provide biggest coverage in esport. Can't skip them sorry.

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%	|

Now compare with real money sportsbook.

|	Sportsbook	|	Match Winner Margin	|	Over/Under Margin	|	Handicap Margin	|
|	bet365	|	7.61%	|	9.11%	|	5.79%	|
|	Pinnacle	|	4.87%	|	-	|	4.78%	|
|	gg.bet	|	5.53%	|	7.53%	|	7.41%	|

Overall: esport have extremely high margin. Even Pinnacle have 4.87% margin. I hope in future some sportsbook can step up and give better margin than this.

Thanks for doing this! Mind if I add it to the thread (with credit to you)?

Also, what event(s) did you compare? I would expect that margins highly differ in eSports depending on the event - some minor CS:GO qualifier is going to have a higher margin than LoL Worlds.

No problem! You can put my comparisons to main thread. And it's BIG vs HellRaisers which is 3rd place decider match for SuperNova CS:GO Malta. BIG is #10 and HellRaisers is #15. Liquid (#3) also attend in this event but Liquid play in grand final. I pick this because this match is very close. Unlike grand final where Liquid look like big overdog.
Tomorrow will be the first day of one of the biggest CS:GO event ($750,000 price pool. Almost all top 10 team attend) So I might gonna do it again in tomorrow