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Author Topic: [FOR SALE] ★BetBTC★ Sportsbook | Bitcoin Sports Betting | Since 2014  (Read 144203 times)
stingers
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February 06, 2016, 12:58:33 PM
 #761

I just wanted to know that does my lay bet winnings depend upon the no. of people backing that bet? Suppose I put a lay bet of 0.01BTC  on 11x odds and my liabilities are 0.1BTC. So does that simply mean that if I win, I will be getting 0.11BTC(even if the number of backers are 0) and if I loose I will loose 0.1BTC. Or is my winning and loosing depends on the number of backers?
Please explain.

If your bet is matched and you win you'll get the return, if it isn't matched, it'll get cancelled prior to the start of the event.
It shows my bet has been matched. But as far as I understand lay betting, doesn't it mean that we are betting against the people who are backing the bet? The backer in my event has put less amount than what I am supposed to win if my bet wins. So hoe come I will receive the full return? Or is it that I will only win the amount that has been put on stake by the backer? Or will I get the full return as my bet has been matched?
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twister
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February 06, 2016, 01:05:18 PM
 #762

I just wanted to know that does my lay bet winnings depend upon the no. of people backing that bet? Suppose I put a lay bet of 0.01BTC  on 11x odds and my liabilities are 0.1BTC. So does that simply mean that if I win, I will be getting 0.11BTC(even if the number of backers are 0) and if I loose I will loose 0.1BTC. Or is my winning and loosing depends on the number of backers?
Please explain.

If your bet is matched and you win you'll get the return, if it isn't matched, it'll get cancelled prior to the start of the event.
It shows my bet has been matched. But as far as I understand lay betting, doesn't it mean that we are betting against the people who are backing the bet? The backer in my event has put less amount than what I am supposed to win if my bet wins. So hoe come I will receive the full return? Or is it that I will only win the amount that has been put on stake by the backer? Or will I get the full return as my bet has been matched?

In the above example if you lose then you'd lose 0.1 but if you win you'd only win 0.01, since you're the one giving 11x odds.

 

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BetBTC (OP)
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February 06, 2016, 01:45:03 PM
 #763

I just wanted to know that does my lay bet winnings depend upon the no. of people backing that bet? Suppose I put a lay bet of 0.01BTC  on 11x odds and my liabilities are 0.1BTC. So does that simply mean that if I win, I will be getting 0.11BTC(even if the number of backers are 0) and if I loose I will loose 0.1BTC. Or is my winning and loosing depends on the number of backers?
Please explain.

If your bet is matched and you win you'll get the return, if it isn't matched, it'll get cancelled prior to the start of the event.
It shows my bet has been matched. But as far as I understand lay betting, doesn't it mean that we are betting against the people who are backing the bet? The backer in my event has put less amount than what I am supposed to win if my bet wins. So hoe come I will receive the full return? Or is it that I will only win the amount that has been put on stake by the backer? Or will I get the full return as my bet has been matched?

In the above example if you lose then you'd lose 0.1 but if you win you'd only win 0.01, since you're the one giving 11x odds.

Please tell me if this response cleared your doubts.

BetBTC (OP)
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February 06, 2016, 02:00:19 PM
 #764

2016 RBS 6 Nations is about to start.
There are 12.508 Bitcoin Matched.

stingers
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February 06, 2016, 02:06:06 PM
 #765

I just wanted to know that does my lay bet winnings depend upon the no. of people backing that bet? Suppose I put a lay bet of 0.01BTC  on 11x odds and my liabilities are 0.1BTC. So does that simply mean that if I win, I will be getting 0.11BTC(even if the number of backers are 0) and if I loose I will loose 0.1BTC. Or is my winning and loosing depends on the number of backers?
Please explain.

If your bet is matched and you win you'll get the return, if it isn't matched, it'll get cancelled prior to the start of the event.
It shows my bet has been matched. But as far as I understand lay betting, doesn't it mean that we are betting against the people who are backing the bet? The backer in my event has put less amount than what I am supposed to win if my bet wins. So hoe come I will receive the full return? Or is it that I will only win the amount that has been put on stake by the backer? Or will I get the full return as my bet has been matched?

In the above example if you lose then you'd lose 0.1 but if you win you'd only win 0.01, since you're the one giving 11x odds.

Please tell me if this response cleared your doubts.
Yes it did. Sorry for being too naive. I am pretty new to this lay betting thing. Also, how do I know what is the profit involved for the website itself? What percentage of wins do you charge? Are they charged both on wins and losses?
BetBTC (OP)
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February 06, 2016, 03:59:19 PM
 #766

I just wanted to know that does my lay bet winnings depend upon the no. of people backing that bet? Suppose I put a lay bet of 0.01BTC  on 11x odds and my liabilities are 0.1BTC. So does that simply mean that if I win, I will be getting 0.11BTC(even if the number of backers are 0) and if I loose I will loose 0.1BTC. Or is my winning and loosing depends on the number of backers?
Please explain.

If your bet is matched and you win you'll get the return, if it isn't matched, it'll get cancelled prior to the start of the event.
It shows my bet has been matched. But as far as I understand lay betting, doesn't it mean that we are betting against the people who are backing the bet? The backer in my event has put less amount than what I am supposed to win if my bet wins. So hoe come I will receive the full return? Or is it that I will only win the amount that has been put on stake by the backer? Or will I get the full return as my bet has been matched?

In the above example if you lose then you'd lose 0.1 but if you win you'd only win 0.01, since you're the one giving 11x odds.

Please tell me if this response cleared your doubts.
Yes it did. Sorry for being too naive. I am pretty new to this lay betting thing. Also, how do I know what is the profit involved for the website itself? What percentage of wins do you charge? Are they charged both on wins and losses?

There's no problem on that, we appreciate clearing out customer doubts, we know it's not simple on the beggining.

We charge only 4% on gross market winnings, if your global figure on a market is negative (even though you may have win some bets) we won't charge you anything.

For anyone that wants to get a quick explanation of how back / lay betting work, check this video we produced:
https://www.youtube.com/watch?v=32qxAOyVZlU

BetBTC (OP)
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February 06, 2016, 04:00:18 PM
 #767

#Scotland vs #England is about to start.
There are 12.004 Bitcoin Matched.

BetBTC (OP)
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February 06, 2016, 05:00:10 PM
 #768



#Southampton vs #WestHam is about to start.
There are 12.536 Bitcoin Matched.

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February 06, 2016, 06:00:07 PM
 #769



#Lorient vs #Montpellier is about to start.
There are 5.21 Bitcoin Matched.

BetBTC (OP)
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February 06, 2016, 07:00:08 PM
 #770



#Genoa vs #Lazio is about to start.
There are 5.978 Bitcoin Matched.

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February 06, 2016, 09:00:08 PM
 #771



#SportingGijon vs #Deportivo is about to start.
There are 5.944 Bitcoin Matched.

Anddos
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February 06, 2016, 11:54:36 PM
 #772

Really feel like this one is the website which can give a though competition to its competitors in the bitcoin world. Will be trying out betting on Live Events really soon. Also, I find them better than directbet because they offer you to depsoit your BTC thus making it more convinient to play in live events.

What did you feel were your chances on the site? I haven't bet yet but I'm tempted. Still a bit afraid though about losing.

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February 07, 2016, 10:00:23 AM
 #773



#Levante vs #Barcelona is about to start.
There are 15.93 Bitcoin Matched.

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February 07, 2016, 11:00:08 AM
 #774



#Verona vs #Inter is about to start.
There are 6.166 Bitcoin Matched.

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February 07, 2016, 01:00:23 PM
 #775



#Bournemouth vs #Arsenal is about to start.
There are 20.986 Bitcoin Matched.

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February 07, 2016, 02:00:08 PM
 #776

#Ireland vs #Wales is about to start.
There are 14.06 Bitcoin Matched.

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February 07, 2016, 03:00:18 PM
 #777



#Chelsea vs #ManUtd is about to start.
There are 10.872 Bitcoin Matched.

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February 07, 2016, 05:00:14 PM
 #778



#CeltaVigo vs #Sevilla is about to start.
There are 9.282 Bitcoin Matched.

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February 07, 2016, 05:48:08 PM
 #779

From tomorrow you will be able to choose your anonymous payout address! Shocked


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February 07, 2016, 07:00:16 PM
 #780



#Granada vs #RealMadrid is about to start.
There are 8.936 Bitcoin Matched.

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