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

[dis93]

@kuko7,

past few years they require KYC very often.

But now they often block accs or cancel promotion even without KYC.
You can use search in this forum.

If you want to play without promos and non huge amount - sportsbet don't require KYC and cashouts are very fast(as I know)

[PuertoLibre]

How often Sportsbet require KYC? Rarely or quite often?

Depending on the turnover amount gambling sites can require documents for KYC,AML procedures. There are anonymous type of sports betting sites which have stated limits and you can bet big amounts with multiple accounts that are allowed without hidden rules.

[DarkStar_]

How often Sportsbet require KYC? Rarely or quite often?

Other than the withdraw limit mentioned by onecall123, most likely they KYC quite often if you win a large amount and don't care if you lose.

-snip-
it isn't possible to validate the house edge

Not true. Try reading the first post of the thread you respond to. Deleted for spam.

[kuko7]

and for smaller withdrawals they do not require kyc even if deposit were made in eur?
btw is there any good sportsbook without kyc for fiat deposits/withdrawals?

[Rating Place]

and for smaller withdrawals they do not require kyc even if deposit were made in eur?
btw is there any good sportsbook without kyc for fiat deposits/withdrawals?

I think all fiat requires KYC. For bitcoin, Nitrogen, Betcoin and Bitcoinrush don't require KYC.

[DarkStar_]

and for smaller withdrawals they do not require kyc even if deposit were made in eur?
btw is there any good sportsbook without kyc for fiat deposits/withdrawals?

I think all fiat requires KYC. For bitcoin, Nitrogen, Betcoin and Bitcoinrush don't require KYC.

I believe Peeps' is correct for fiat. kuko7, try contacting Sportsbet (either through email or live chat) and see what they say.

[arco-yabamba]

yes, can't believe a sportsbook offering fiat deposits without KYC would last very long....

[SyGambler]

yes, can't believe a sportsbook offering fiat deposits without KYC would last very long....

hmm not sure about that to be honest , for example I use a fiat broker that accepts bitcoin and they told me they don't have KYC for bitcoin users
I have been using them for around 1 year now and still able to deposit and withdraw without KYC
so don't think that fiat always mean KYC applied

[Rating Place]

yes, can't believe a sportsbook offering fiat deposits without KYC would last very long....

hmm not sure about that to be honest , for example I use a fiat broker that accepts bitcoin and they told me they don't have KYC for bitcoin users
I have been using them for around 1 year now and still able to deposit and withdraw without KYC
so don't think that fiat always mean KYC applied

Brokers are different. Some do and some don't.

[raven7886]

yes, can't believe a sportsbook offering fiat deposits without KYC would last very long....

hmm not sure about that to be honest , for example I use a fiat broker that accepts bitcoin and they told me they don't have KYC for bitcoin users
I have been using them for around 1 year now and still able to deposit and withdraw without KYC
so don't think that fiat always mean KYC applied

Brokers are different. Some do and some don't.

The difference is if you are a fiat currency sportsbook there is only two way of doing it, either you do it legally and try to open bank accounts and have accountants and lawyers and KYC as well which allows the sports book to be as legit as it gets or you open something like curacoa or whatever type place and run a shady fiat sportsbook which allows you to be more free but also creates a chance of scamming the customers.

When the sportsbooks are crypto they do not need to be based anywhere and they do not need to involve fiat to be legit, they are just crypto to crypto, you deposit btc and you withdraw btc without a need for a bank, if they want to put fiat into that it will create a whole type of problems for them. Hence why already existing fiat sportsbooks could add in crypto but the already existing crypto sportsbooks try NOT to add fiat.

[Rating Place]

yes, can't believe a sportsbook offering fiat deposits without KYC would last very long....

hmm not sure about that to be honest , for example I use a fiat broker that accepts bitcoin and they told me they don't have KYC for bitcoin users
I have been using them for around 1 year now and still able to deposit and withdraw without KYC
so don't think that fiat always mean KYC applied

Brokers are different. Some do and some don't.

The difference is if you are a fiat currency sportsbook there is only two way of doing it, either you do it legally and try to open bank accounts and have accountants and lawyers and KYC as well which allows the sports book to be as legit as it gets or you open something like curacoa or whatever type place and run a shady fiat sportsbook which allows you to be more free but also creates a chance of scamming the customers.

When the sportsbooks are crypto they do not need to be based anywhere and they do not need to involve fiat to be legit, they are just crypto to crypto, you deposit btc and you withdraw btc without a need for a bank, if they want to put fiat into that it will create a whole type of problems for them. Hence why already existing fiat sportsbooks could add in crypto but the already existing crypto sportsbooks try NOT to add fiat.

True. In the UK they do it legally. In Curacao they get a sublicense that doesn't mean a thing. A lot open in Costa Rica since they only need a Data Processing License. What's nice about Nitrogen is even though they are in Costa Rica, some of the names are public knowledge. The shops in Costa Rica and Curacao that are heavy handed on asking for KYC are just doing it to grab our money.

[tokeweed]

yes, can't believe a sportsbook offering fiat deposits without KYC would last very long....

hmm not sure about that to be honest , for example I use a fiat broker that accepts bitcoin and they told me they don't have KYC for bitcoin users
I have been using them for around 1 year now and still able to deposit and withdraw without KYC
so don't think that fiat always mean KYC applied

Brokers are different. Some do and some don't.

Yup.  And why not go deposit straight to a BTC sports betting site directly?  Much easier and more convenient that way...  And faster deposits/withdrawals.

[arco-yabamba]

Hence why already existing fiat sportsbooks could add in crypto but the already existing crypto sportsbooks try NOT to add fiat.

This is true up to a point.. but sportsbet.io started accepting fiat some time ago (started in 2018 I think?). Because fiat is still obviously by far the biggest market, so it is very tempting to try and expand into it. What they don't seem to do is exchange fiat to crypto (or vice versa).. I guess this is because that makes them a crypto exchange and that kind of activity - when not carried out according to regulatory frameworks - attracts the attention of a *lot* of scary authorities.

[MyRealName]

Just for reference:

Uefa Champions League
Porto vs AS Roma -0.5/+0.5 Asian Handicap Market
                                  ODDS      (MARGIN)
asian market       1.900 / 2.070    (0.94%)
fairlay                  1.920 / 2.020    (1.59%)
bitcoinrush          1.880 / 2.050    (1.97%)
nitrogensports     1.877 / 2.033    (2.46%)
fortunejack          1.810 / 1.900    (7.88%)

odds presented at 12:00 GMT(00:00)

P.S. It's one of the most popular events today. Other examples have even worse results.

Conclusion: Bitcoins sports betting market is not developed yet.

[SyGambler]

Just for reference:

Uefa Champions League
Porto vs AS Roma -0.5/+0.5 Asian Handicap Market
                                  ODDS      (MARGIN)
asian market       1.900 / 2.070    (0.94%)
fairlay                  1.920 / 2.020    (1.59%)
bitcoinrush          1.880 / 2.050    (1.97%)
nitrogensports     1.877 / 2.033    (2.46%)
fortunejack          1.810 / 1.900    (7.88%)

odds presented at 12:00 GMT(00:00)

P.S. It's one of the most popular events today. Other examples have even worse results.

Conclusion: Bitcoins sports betting market is not developed yet.

while I do agree that asian market is still way better than most of bitcoin sites , but it's also better than pretty much all other big fiat names as well so it's not fair to do this comparison

also fairlay and bitcoinrush odds are from pinnacle , and pinnacle is the biggest brand in Asia

[arco-yabamba]

Interesting comparisons, but SyGambler makes good points. Agree generally that Bitcoin sports betting still has space to mature, and not just %s.

[MyRealName]

I added "Asian market" for comparison (odds you can get using a betting broker like vodds or sportsmarket). I think a crypto sports betting industry has a huge potential because operational cost  should be lower with crypto + anonymity. Also bitcoin is not the best option because of confirmation time. Bookie should offer some altcoins because some times people want to make quick depo + quick bet combination (late decision) and don't want to hold to mach money in sports book accounts.

[Trofo]

Bookie should offer some altcoins because some times people want to make quick depo + quick bet combination (late decision) and don't want to hold to mach money in sports book accounts.

That's true and that is the reason I started using wbet7. They accept deposits in ETH and few other alts. You can start betting after 3 confirmations for ETH, didn't try others. Usually, I have money in the account within few minutes. If you decide to use them just be careful that you deposit exactly the same amount as you enter in wbet7 site. They have a bit funny way of recognizing deposits (same address for multiple users I believe). I changed my mind once (didn't initiate new deposit) and had to wait for a day before they manually credited my account.

They had quite bad odds in the past but nowadays the situation looks a bit better.

[MyRealName]

Bookie should offer some altcoins because some times people want to make quick depo + quick bet combination (late decision) and don't want to hold to mach money in sports book accounts.

That's true and that is the reason I started using wbet7. They accept deposits in ETH and few other alts. You can start betting after 3 confirmations for ETH, didn't try others. Usually, I have money in the account within few minutes. If you decide to use them just be careful that you deposit exactly the same amount as you enter in wbet7 site. They have a bit funny way of recognizing deposits (same address for multiple users I believe). I changed my mind once (didn't initiate new deposit) and had to wait for a day before they manually credited my account.

They had quite bad odds in the past but nowadays the situation looks a bit better.

Thanks for suggestion. Just made a cursory overview.

Pros:
+ Instant deposit / withdraw (only depends on block-chain confirmation time (looks like it's totally automatic).
+ Real multi-crypto-curency sports-book (ETH, ETC, BTC, BCH, DOGE, LTC, DASH, VTC, MONA) and you bet directly with currency you deposited (don't convert to some obscure shitcoins).
+ Withdrawal without any fees, (looks like it's unique feature nowadays) they pay transaction fees when you request withdrawal.
+ Very nice and convenient UI (a lot of bookies bloated with ugly javascript code and flash banners) this one looks nice, clean and fast.
+ Fast bet grading (unlike nitrogensports).


Cons:
- Juice odds and poor bet options for major sports.
Example:
NBA Portland Trail Blazers v Oklahoma City Thunder
I see here only ML and OVER/UNDER markets (no spreads, no quarters, etc..)
with odds kike Portland 1.56 vs Oklahoma 2.46 (margin = 4.75%)
- wbet7 limits players.
- Some cases of voiding bets after match is started (this is a big red flag for me).

Conclusion:
This is a jock bookie (for recreational players) with trust issues (voiding bets) and should be avoided by everyone until wbet7 makes significant improvements towards their reputation.

[eckobaba]

@DarkStar_   please i need your escrow service asap, can you please send me a message on telegram @greenblaze, i am limited to message you. awating your quick reply.