Hello,
We will try to explain the concept of arbitrage betting as it falls within our framework. If someone bets intentionally in gaming situations where an unintentional and unfair advantage is gained, the bet will always be canceled. These are not bets, but "Surebets. The gambler is also responsible for this (consciously / unconsciously) plays a role in this process. We have technology for this, which analyzes bets and betting patterns of players. If a player places a bet we will never cancel this bet on odds slightly deviating from current offered odds. If it can be reasonably assumed that this bet is not in contrast with the correct odds, the bet will be canceled. An account will be closed from players deliberately looking for these types of bets. We understand that it can also happen that a player places an arbitrage bet without being aware of it. Then an account will of course not be closed. Our software analyzes players and betting patterns, making this distinction quite easy to make.
What happened earlier this week is that a player placed a bet when a goal was scored. We do not judge whether this was a deliberate action. We had some unpleasant experiences in the beginning similar situations of other players (there is a group of gamblers active on the forum who are repeatedly looking for moments like this).
Each situation will be assessed individually and players know well within themselves when a bet is legitimate or not.
We have many satisfied customers and everyone is paid as long as everything is fair. There are plenty of players who can confirm this.
Just to give an example:
If you place a bet in the market Over 0.5 goals in the 40th minute with odds of 4.00, these are normal odds.
However, if live information is conveyed to the bettor by other sources through lower leagues just prior to placing the bet, this is considered fixed betting.
We have all rights to cancel these betting caps as the bettor already knew that this goal was going to be scored.
If you place a bet in the market Over 0.5 goals in the 40th minute with odds of 4.00, and the goal is scored 1 minute later, there is no reason to cancel this bet.
If Barcelona is playing a home game with odds of 1.40, and with other bookmakers this odds range from 1.30 to 1.50, then it is no reason for us to cancel this bet.
If the odds will change to 4.5, because Barcelona is playing with a B team, then we can decide to cancel this bet. This all depends on the moment the player made the wager, and which background information is available.
This can not be stated for all situations in general, each case will be checked and discussed individually. Our software will analyze the betting patterns from the customer in order for us to make the right decision.
What we often see in arbitrage betting is that relatively unknown teams at lower levels have to contend with injuries, corona infections, setting up a B team, and it is impossible for this information to reach bookmakers in time. This is yet another form of arbitrage betting, and these are also Sure bets as the odds will rise causing bettors to place a double bet at another bookmaker.
Regarding the payment methods:
Each currency will be converted using the current Bitcoin / Litecoin / Dash rate.
If we take the example regarding the bitcoin:
This will be converted automatically. If you have your balance in USD, and you make a payment of 0.5 BTC, the value in the balance will increase by half the value of the Bitcoin.
Suppose the Bitcoin exchange rate is $ 18,500, and you make a payment of 0.5 BTC, your balance will be $ 9,250.
This value of the fiat remains intact in your balance sheet, and the price increase / decrease has no influence on it.
When we have implemented multiple payment methods, you can request a withdrawal from the method that also included a deposit. Bank transfers are always possible in any situation.
If you want to withdraw funds to a payment method, then you have to make sure that you have made a deposit with this payment method before in order for us to approve the withdawal.
People can decide if they want to play in mBTC or in FIAT. Both options are available, and in both cases you can deposit with Cryptocurrency.
In 1-2 weeks we expekt to offer traditional payment methods as well. If people have questions about this procedure, please feel free to PM me or send Adkinsbet an email at
info@adkinsbet.com