Bitcoin Forum
January 24, 2020, 01:58:30 AM *
News: Latest Bitcoin Core release: 0.19.0.1 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Nitrogen Sports is proud to offer "high odds" and high limits?  (Read 173 times)
Get-Paid.com
Sr. Member
****
Offline Offline

Activity: 994
Merit: 308



View Profile WWW
February 18, 2019, 06:43:33 AM
 #1

Last night there was the NBA All Star Game.
The over/under line was 311, and went up towards the game.

Every possibility of betting on the over was limited with 1.87 odds at most (i.e. you lose 13% of your stakes, the under bettors lose 100% of it).

The limit was 0.5 BTC (ish), even towards the game it was 0.78 BTC, less than 1 BTC.

Nitrogen probably got lots of action on the over, but the odds were terrible.

Normal bookies in such events let you bet with much higher stakes, and with much better odds (e.g. 1.93-1.95) .... but Nitrogen offered extremely terrible odds and also had terrible limit on the NBA All Star game. It's a huge event, how come it was so limited?

The only explanation I can think of is that Nitrogen got so many over bets - so they paid them out with 13% juice/vig however you call it.

💰 Get Paid in BTC For Watching Videos, Clicking on Ads, Completing Offers And More @ Get-Paid.com --> Visit: http://www.get-paid.com 💰

🍀 Follow our Twitter account for our Faucets here --> Visit: https://twitter.com/cryptosfaucets 🍀
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1579831110
Hero Member
*
Offline Offline

Posts: 1579831110

View Profile Personal Message (Offline)

Ignore
1579831110
Reply with quote  #2

1579831110
Report to moderator
1579831110
Hero Member
*
Offline Offline

Posts: 1579831110

View Profile Personal Message (Offline)

Ignore
1579831110
Reply with quote  #2

1579831110
Report to moderator
1579831110
Hero Member
*
Offline Offline

Posts: 1579831110

View Profile Personal Message (Offline)

Ignore
1579831110
Reply with quote  #2

1579831110
Report to moderator
ABYANSYARIF
Jr. Member
*
Offline Offline

Activity: 368
Merit: 1

www.savedroid.com


View Profile
February 18, 2019, 08:41:59 AM
 #2

I don't understand NBA, it's impossible for me to take a bet. but it seems to be a big topic, the place is also big, and I once had a problem with nitrogen sport, I didn't dare to bet there again.

 WWW.SAVEDROID.COM (https://www.savedroid.com) - CRYPTO SAVING FOR EVERY ONE - SIGN UP & STAY TUNED
Get-Paid.com
Sr. Member
****
Offline Offline

Activity: 994
Merit: 308



View Profile WWW
February 18, 2019, 11:44:56 AM
 #3

I don't understand NBA, it's impossible for me to take a bet. but it seems to be a big topic, the place is also big, and I once had a problem with nitrogen sport, I didn't dare to bet there again.

Can I ask what was your problem with them?

💰 Get Paid in BTC For Watching Videos, Clicking on Ads, Completing Offers And More @ Get-Paid.com --> Visit: http://www.get-paid.com 💰

🍀 Follow our Twitter account for our Faucets here --> Visit: https://twitter.com/cryptosfaucets 🍀
MakeMoneyBtc
Full Member
***
Offline Offline

Activity: 714
Merit: 116


View Profile
February 18, 2019, 01:25:23 PM
 #4

Since this was such a big events and it takes place only one time every year you would probably expect to find not necessarily higher odds but at leas higher litmits than other events. I think what happened is that a high percentage of bettors were playing on the over here and obviously for bookies it would result in a big loss if the match was going to end with high score. NBA All Star games are exhibition matches so everyone expects to see a lot of points,especially bookies and thats why the set a limit on how much people can bet on the over.
vennali
Legendary
*
Offline Offline

Activity: 1400
Merit: 1008

www.Sparrowexchange.com |


View Profile
February 18, 2019, 08:29:01 PM
 #5

Last night there was the NBA All Star Game.
The over/under line was 311, and went up towards the game.

Every possibility of betting on the over was limited with 1.87 odds at most (i.e. you lose 13% of your stakes, the under bettors lose 100% of it).

The limit was 0.5 BTC (ish), even towards the game it was 0.78 BTC, less than 1 BTC.

Nitrogen probably got lots of action on the over, but the odds were terrible.

Normal bookies in such events let you bet with much higher stakes, and with much better odds (e.g. 1.93-1.95) .... but Nitrogen offered extremely terrible odds and also had terrible limit on the NBA All Star game. It's a huge event, how come it was so limited?

The only explanation I can think of is that Nitrogen got so many over bets - so they paid them out with 13% juice/vig however you call it.

Probably it has something to do that their vaults are running low(explains the cancellation of bets from the other user) or already a lot of people have bet on the same event. Hence for safety precautions they have reduced the otherwise highly staked event.

SPARROW
          ███
          ███
          ███     ███
          ███     ███
          ███     ███     ███
          ███     ███     ███
          ███     ███     ███
          ███     ███
          ███     ███
          ███
          ███

  Leading Options Trading Platform

          ███     ███     ███
          ███     ███     ███
          ███     ███     ███
          ███     ███     ███
          ███     ███     ███
          ███     ███     ███
          ███     ███     ███
          ███     ███     ███
          ███     ███     ███
          ███     ███     ███
          ███     ███     ███

  Take Control
  Trade Confidently

[/quote]
squatz1
Legendary
*
Offline Offline

Activity: 1260
Merit: 1045


Flying Hellfish is a Commie


View Profile
February 18, 2019, 11:22:35 PM
 #6

I mean, I think all companies are going to say one thing and do another. All bookie sites are going to say that they have the best odds and the best limits in the industry. But when it comes down to it though, they may be pretty horrible (or even the worst in some cases)

Not surprised at all to see a claim like this.




▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄    ▄▄▄▄                  ▄▄▄   ▄▄▄▄▄        ▄▄▄▄▄   ▄▄▄▄▄▄▄▄▄▄▄▄    ▄▄▄▄▄▄▄▄▄▄▄▄▄▄   ▄▄▄▄▄▄▄▄▄▄▄▄▄▄   ▄▄▄▄▄▄▄▄▄▄▄
 ▀████████████████▄  ████                 █████   ▀████▄    ▄████▀  ▄██████████████   ████████████▀  ▄█████████████▀  ▄█████████████▄
              ▀████  ████               ▄███▀███▄   ▀████▄▄████▀               ████   ████                ████                   ▀████
   ▄▄▄▄▄▄▄▄▄▄▄█████  ████              ████   ████    ▀██████▀      ██████████████▄   ████████████▀       ████       ▄▄▄▄▄▄▄▄▄▄▄▄████▀
   ██████████████▀   ████            ▄███▀     ▀███▄    ████        ████        ████  ████                ████       ██████████████▀
   ████              ████████████▀  ████   ██████████   ████        ████████████████  █████████████▀      ████       ████      ▀████▄
   ▀▀▀▀              ▀▀▀▀▀▀▀▀▀▀▀   ▀▀▀▀   ▀▀▀▀▀▀▀▀▀▀▀▀  ▀▀▀▀        ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀   ▀▀▀▀▀▀▀▀▀▀▀▀        ▀▀▀▀       ▀▀▀▀        ▀▀▀▀▀

#1 CRYPTO CASINO & SPORTSBOOK
  WELCOME
BONUS
.INSTANT & FAST.
.TRANSACTION.....
.PROVABLY FAIR.
......& SECURE......
.24/7 CUSTOMER.
............SUPPORT.
BTC      |      ETH      |      LTC      |      XRP      |      XMR      |      BNB      |     more
Japinat
Hero Member
*****
Offline Offline

Activity: 1400
Merit: 570



View Profile
February 19, 2019, 04:26:09 AM
Merited by stadus (2)
 #7

That's normal to them, you have a point with your observation.
Nitrogen is one of the trusted sports book in crypto and even if their odds is not really that good but because it's reputable
people still put their bet.

That time, I did not bet because I was thinking all star is just for fun, no way I can win.
I think if you are really looking for better odds you can try with other sites.

This threads might be useful to you, Grin

#1 RATINGS of BITCOIN SPORTSBOOKS : poster book discussion
Overview of Bitcoin Accepting Sportsbooks (with margin/house edge comparisons)

.
.
.
▄███████████████████▄
█████████████████████
████████████▀▀░░░░███
███████████▌░░░░░░███
███████████░░░░██████
███████████░░░░██████
████████░░░░░░░░░░▐██
████████░░░░░░░░░░███

███████████░░░░██████

███████████░░░░██████

███████████░░░░██████

███████████░░░░██████

▀██████████░░░░█████▀
▄███████████████████▄
█████████████████████
█████████████████████
████▀██████▀░░░▀▀▄███
████░░▀▀███░░░░░░▄███
████▀░░░░░░░░░░░▐████
████▄░░░░░░░░░░░█████
█████▀░░░░░░░░░▄█████

████▀█▄░░░░░░░▄██████

█████▄░░░░░▄▄████████

█████████████████████

█████████████████████

▀███████████████████▀
▄███████████████████▄
█████▀▀▀▀▀▀▀▀▀▀▀█████
███░░░▄▄▄▄▄▄▄▄▄░░░███
██░░▄█████████▀▀▄░░██
██░░███▀▀░░░▀▀▄▄█░░██
██░░██▀░▄███▄░▀██░░██
██░░██░░█████░░██░░██
██░░██▄░▀███▀░▄██░░██

██░░███▄▄░░░▄▄███░░██

██░░▀███████████▀░░██

███░░░▀▀▀▀▀▀▀▀▀░░░███

█████▄▄▄▄▄▄▄▄▄▄▄█████

▀███████████████████▀
▄███████████████████▄
█████████████████████
█████████████████████
██████████████▀▀▀████
██████████▀▀░░░░▐████
██████▀▀░░░▄▀░░░█████
████░░░░▄▄▀░░░░▐█████
██████▄▐█░░░░░░██████

███████▌▌░░░░░▐██████

████████▄██▄▄░███████

█████████████████████

█████████████████████

▀███████████████████▀
.
DarkStar_
Legendary
*
Offline Offline

Activity: 1582
Merit: 2204


https://bitcoin.watfordfc.com


View Profile WWW
February 19, 2019, 04:42:45 AM
Merited by Ipwich (1), Harkorede (1)
 #8

The over lines were never at evens when you checked. When you saw 1.87, the Under was at 1.97. This is a 4.2% margin which is only slightly higher than Pinnacle's 3.6% and understandable for a game that sportsbooks can't very accurately price. This is consistent with other sharp books. All books shifted the line upward (likely due to sharps hammering the over), and Nitrogen's volume is almost certainly not high enough to cause line movement. The Over 311 line also started on Jan 15 as 1.93 evens on Pinnacle, so 1.92 evens on Nitrogen. Not their fault you didn't bet early enough. I highly doubt any book offered 1.93 or higher when Pinnacle was down to 1.87 as only slow moving sportsbooks would still treat the line as evens and they generally run 1.91 or lower evens.

If it was 1.87 evens, then you can complain. But, that was never the case when you saw the line, and if Over 311 was a 50/50 bet, then you'd get 1.92 odds from Nitrogen. This is like complaining that they don't give you 1.92 odds for a full Manchester City squad to beat Huddersfield in the EPL (top team vs bottom team), which is very reasonable as the chance is not 50%.

Harkorede
Copper Member
Full Member
***
Offline Offline

Activity: 504
Merit: 147



View Profile
February 19, 2019, 05:06:15 AM
Merited by DarkStar_ (2)
 #9

This is like complaining that they don't give you 1.92 odds for a full Manchester City squad to beat Huddersfield in the EPL (top team vs bottom team), which is very reasonable as the chance is not 50%..

Exactly my view when OP almost had me crucified for taking Over 310.5 @ 1.63

why are the Odds there ?
Isn't it about the likelihood of event to occur ?!


No, it's not.

He also suggested that odds doesn't connote the likelihood of an event to or not occur, I found ideology very wrong, I guess I just couldn't explain or point it out in-depth like you just did.

Get-Paid.com
Sr. Member
****
Offline Offline

Activity: 994
Merit: 308



View Profile WWW
February 19, 2019, 05:21:34 AM
 #10

The over lines were never at evens when you checked. When you saw 1.87, the Under was at 1.97. This is a 4.2% margin which is only slightly higher than Pinnacle's 3.6% and understandable for a game that sportsbooks can't very accurately price. This is consistent with other sharp books. All books shifted the line upward (likely due to sharps hammering the over), and Nitrogen's volume is almost certainly not high enough to cause line movement. The Over 311 line also started on Jan 15 as 1.93 evens on Pinnacle, so 1.92 evens on Nitrogen. Not their fault you didn't bet early enough. I highly doubt any book offered 1.93 or higher when Pinnacle was down to 1.87 as only slow moving sportsbooks would still treat the line as evens and they generally run 1.91 or lower evens.

If it was 1.87 evens, then you can complain. But, that was never the case when you saw the line, and if Over 311 was a 50/50 bet, then you'd get 1.92 odds from Nitrogen. This is like complaining that they don't give you 1.92 odds for a full Manchester City squad to beat Huddersfield in the EPL (top team vs bottom team), which is very reasonable as the chance is not 50%.

Pinnacle allowed you to buy a point or sell a point for higher odds, just like they do with all NBA games - but Nitrogen did not allow it this time.
For instance, when the line went up to 313 you could have easily bet OVER 315.5 for over 2.XX odds in Pinnacle but Nitrogen (1) did not offer these options (2) had the stakes limited to half a Bitcoin.

Also unlike Pinnacle, Nitrogen doesn't allow you to bet 0.5 BTC and then place another 0.5 BTC ... once you hit the limit you can't place any other bet until the limit is raised - Pinnacle does allow you to place several bets on these big events.

So the comparison you made to Pinnacle is not similar neither for these reasons.

💰 Get Paid in BTC For Watching Videos, Clicking on Ads, Completing Offers And More @ Get-Paid.com --> Visit: http://www.get-paid.com 💰

🍀 Follow our Twitter account for our Faucets here --> Visit: https://twitter.com/cryptosfaucets 🍀
DarkStar_
Legendary
*
Offline Offline

Activity: 1582
Merit: 2204


https://bitcoin.watfordfc.com


View Profile WWW
February 19, 2019, 05:46:55 AM
Merited by Hydrogen (1)
 #11

The over lines were never at evens when you checked. When you saw 1.87, the Under was at 1.97. This is a 4.2% margin which is only slightly higher than Pinnacle's 3.6% and understandable for a game that sportsbooks can't very accurately price. This is consistent with other sharp books. All books shifted the line upward (likely due to sharps hammering the over), and Nitrogen's volume is almost certainly not high enough to cause line movement. The Over 311 line also started on Jan 15 as 1.93 evens on Pinnacle, so 1.92 evens on Nitrogen. Not their fault you didn't bet early enough. I highly doubt any book offered 1.93 or higher when Pinnacle was down to 1.87 as only slow moving sportsbooks would still treat the line as evens and they generally run 1.91 or lower evens.

If it was 1.87 evens, then you can complain. But, that was never the case when you saw the line, and if Over 311 was a 50/50 bet, then you'd get 1.92 odds from Nitrogen. This is like complaining that they don't give you 1.92 odds for a full Manchester City squad to beat Huddersfield in the EPL (top team vs bottom team), which is very reasonable as the chance is not 50%.

Pinnacle allowed you to buy a point or sell a point for higher odds, just like they do with all NBA games - but Nitrogen did not allow it this time.
For instance, when the line went up to 313 you could have easily bet OVER 315.5 for over 2.XX odds in Pinnacle but Nitrogen (1) did not offer these options (2) had the stakes limited to half a Bitcoin.

Also unlike Pinnacle, Nitrogen doesn't allow you to bet 0.5 BTC and then place another 0.5 BTC ... once you hit the limit you can't place any other bet until the limit is raised - Pinnacle does allow you to place several bets on these big events.

So the comparison you made to Pinnacle is not similar neither for these reasons.


Nitrogen lines are Pinnacle lines with a bit more juice, so Pinnacle lines are very important in determining what Nitrogen offers. (they copy Pinnacle)

You checked the lines at a very bad time. When Over 311 was @ 1.87 on Nitrogen, Pinnacle did not offer any alternatives. They opened Over 312 @ 1.93 about 12 hours after the 311 line shifted to @ 1.87, and allowed you to buy/sell points about 24 hours after the Over 312 line opened. It isn't Nitrogen's fault that Pinnacle had no alternatives when you checked the line. My historical data verifies that buying points was unavailable for about 36 hours after Over 311 shifted to 1.87. Do you have data to backup that buying/selling points was available during this time period, or are you making unsubstantiated claims? My data could be incorrect, but I highly doubt it.

For limits, my guess is that they weren't comfortable taking very large bets on a market without very good price making. They have every right to do so, and their limits are good for normal NBA matches. Also, Pinnacle allows more bets because they can shift the odds, and Nitrogen technically can but they don't, as they aren't market makers.



@Get-Paid.com, if you believe this:

Does that mean that 1.64 increases the "likelihood of that event to occur"? No.

Sometimes games end near the line and "buying a point" might be worth it, but you can never know when it would happen and by placing 1.60 bets you are killing your bankroll.

Why aren't you selling points on every event? If a 1.64 odd means that the line is still 50% probability, taking the other side @ 2.36 gives you an 18% +EV bet. Think of all the profit you could be making!

Oh wait - it doesn't work that way.

Get-Paid.com
Sr. Member
****
Offline Offline

Activity: 994
Merit: 308



View Profile WWW
February 19, 2019, 06:22:54 AM
 #12

It isn't Nitrogen's fault that Pinnacle had no alternatives when you checked the line. My historical data verifies that buying points was unavailable for about 36 hours after Over 311 shifted to 1.87.

Pinnacle allowed like you said to buy/sell points before the game, Nitrogen did not provide this, not even 5 minutes before the game started. That's proven and it's a fact.

Why aren't you selling points on every event? If a 1.64 odd means that the line is still 50% probability, taking the other side @ 2.36 gives you an 18% +EV bet. Think of all the profit you could be making!

Oh wait - it doesn't work that way.

If you have a 220.5 line and you bet over 223.5 or under 217.5 for 2.36 your'e still taking a larger risk, because many times the end result is near or around the line itself.
But, if you have a perception that the line is completely way off (which again - is a gamble and a risk) - then by all means hit it even with 3.00

But none of us could tell how things would really go, in fact the oddsmakers have insiders, it's a well known fact as well, in big events they could easily rig/fix the game if necessary, it's not very common, but it could happen... which is why the odds are always but simply always stacked against you.



💰 Get Paid in BTC For Watching Videos, Clicking on Ads, Completing Offers And More @ Get-Paid.com --> Visit: http://www.get-paid.com 💰

🍀 Follow our Twitter account for our Faucets here --> Visit: https://twitter.com/cryptosfaucets 🍀
DarkStar_
Legendary
*
Offline Offline

Activity: 1582
Merit: 2204


https://bitcoin.watfordfc.com


View Profile WWW
February 19, 2019, 06:36:19 AM
 #13

Pinnacle allowed like you said to buy/sell points before the game, Nitrogen did not provide this, not even 5 minutes before the game started. That's proven and it's a fact.

My data shows that they did not. 5 minutes prior, they only had the Over 314.5 line. Could I see your data that proves they provided it? After all, it's "proven and it's a fact". Also, how is this related to having poor odds?

If you have a 220.5 line and you bet over 223.5 or under 217.5 for 2.36 your'e still taking a larger risk, because many times the end result is near or around the line itself.

So by betting Under 223.5 or Over 217.5, you're taking a smaller risk. Thus, odds do imply probability.

Get-Paid.com
Sr. Member
****
Offline Offline

Activity: 994
Merit: 308



View Profile WWW
February 19, 2019, 07:36:11 AM
 #14


My data shows that they did not. 5 minutes prior, they only had the Over 314.5 line. Could I see your data that proves they provided it? After all, it's "proven and it's a fact". Also, how is this related to having poor odds?


I didn't take a screenshot but I saw it 100%, are we talking about the same site - Pinnacle, correct?
Not Nitrogen.


💰 Get Paid in BTC For Watching Videos, Clicking on Ads, Completing Offers And More @ Get-Paid.com --> Visit: http://www.get-paid.com 💰

🍀 Follow our Twitter account for our Faucets here --> Visit: https://twitter.com/cryptosfaucets 🍀
DarkStar_
Legendary
*
Offline Offline

Activity: 1582
Merit: 2204


https://bitcoin.watfordfc.com


View Profile WWW
February 19, 2019, 11:19:07 PM
 #15


My data shows that they did not. 5 minutes prior, they only had the Over 314.5 line. Could I see your data that proves they provided it? After all, it's "proven and it's a fact". Also, how is this related to having poor odds?


I didn't take a screenshot but I saw it 100%, are we talking about the same site - Pinnacle, correct?
Not Nitrogen.

Yes. An independent source (OddsPortal) shows that Pinnacle had no lines for anything above 314.5 ever. They had 314, 313.5, 313, 312.5, 312 but the lines closed 4+ hours before the game started. At best you might have been able to go down from 314.5 to 314 when it was 5 minutes before the game started (but that doesn't help your case, as you wanted the Over and buying a point decreases the odds while "not changing probability"). Have an alternative source that proves this "proven [...] fact"?

Hydrogen
Hero Member
*****
Offline Offline

Activity: 1316
Merit: 760



View Profile
February 20, 2019, 09:21:22 AM
 #16

Nitrogen offered extremely terrible odds and also had terrible limit on the NBA All Star game. It's a huge event, how come it was so limited?

If I remember right, nitro's betting limit for the 2018 NFL superbowl was 100 bitcoins. That was the largest max limit for any bitcoin sportsbook I've seen in my entire life. AFAIK its not the size of an event which determines max bet. Rather potential profitability for books, the volume of wagers likely to be made and the poll results for which direction bettors are likely to align with.

If you follow the odds of any sport closely enough, over time you might come to a conclusion that says how predictable or unpredictable a sporting event is as well as many other variables will be reflected in the lines. Sometimes this data can be utilized to make more accurate bets. Lower betting limits might be correlated with a betting favorite winning, while higher betting limits might be correlated with the opposite. This observation won't always be accurate or consistent, but it can provide an interesting indicator in terms of analysis.

Pages: [1]
  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!