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Enjoying sports that much more with action from ethical, dependable sportsbooks.
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Directbet (bitcoin and eth) betting site closed down!

Directbet (bitcoin and eth) betting site closed down! submitted by BitcoinAllBot to BitcoinAll [link] [comments]

A call for FAQ help

With the drones of new Americans entering the scene, creditpikachu has kindly pointed out that our FAQ sucks and it needs to be more digestible for us casual Americans. Instead of spoon feeding each new user as we've been doing, I figured now would be a good time to revamp the FAQ and once done, make it more prominent somewhere (thinking a wiki page linked in sidebar+possible sticky).
Please take a look and please submit any FAQ questions you feel are missing (probably some regarding these recent events). If you don't know the answer, that's okay. Hopefully we can work together to provide quality answers to all questions. Also please submit any new answers to the current questions if you feel you can provide a better answer. This is the internet, there are no hard feelings.
Here's what we currently have:
1. What is a unit?
It's whatever your standard of betting is. A unit could be different for everyone. For example, if you normally put $10 on a bet then 1u is $10 and 2u is $20 and so forth. Some people say a unit is 2% of your bankroll but a unit is entirely up to your own judgement. It's essentially used as a way to express your confidence in a bet. - JG00G To add to this it's mainly done because communicating in your personal currency does not make sense when you're discussing things on a global website. If someone says they're betting 1000$ on something, we don't know if it's their minimum bet or their maximum bet. It relays no confidence in the bet to us. If this is his min bet then he probably considers that about 1 unit. A 5000$ bet would then be about 5 units for him and is generally considered a "max" bet. So take the amount you usually min bet and treat that as 1 unit. - stander414
1a. How do I use units and bankroll management?
Click Here
2. Is betting illegal in the US?
Betting on sports ONLINE is completely legal, and do not let anyone tell you any differently. It is ILLEGAL to take bets ie. run a book. But to place a bet online, you will never, ever have problems with it. The only thing that can possibly get you in hot water is not paying taxes if you actually turn a profit. If you don't want to give your ID out, use bitcoin. Basically to sum up everything. If you have full intentions on paying taxes if you win, you have absolutely nothing to worry about.
3. What is bitcoin and how does it work with sports betting?
To start, you should really only consider using bitcoin if you are in the US or you would like to conceal your identity from a sportsbook. There are two types of sportsbooks when it comes to bitcoin, bitcoin sportsbooks and sportsbooks that accept bitcoin. Bitcoin sportsbooks are sportsbooks that only use bitcoin. The bets are made with bitcoin and at no time is the bitcoin converted to fiat currency (ex. Nitrogensports/cloudbet/directbet). Bitcoin sportsbooks do not require any personal information. Sportsbooks that accept bitcoin are regular fiat books that use bitcoin as deposit option. You send bitcoin and the website will convert and hold it into USD or fiat. When you withdraw, the book will send you your withdrawal in bitcoin. It will be equal value to the amount in fiat you are withdrawing. These sportsbooks will most likely require all personal information as they have to comply with local laws/licensing.
4. I've heard I shouldn't send bitcoin directly to a sportsbook from Coinbase, is this true?
There is a small chance that Coinbase will shut down your account for doing this. This is because they are regulated by the laws of the country they are registered in. Coinbase is a US based company so that means that they aren't allowed to be a payment processor for offshore gambling transactions. So if they find out you are using them to that end, they will shut your account down (although they will return your money to you). -Touch_Of_Red
5. My bitcoin transaction is taking a long time to confirm...is this normal?
It's not normal but it's normal. The way these things are processed, the sender pays a fee for the transaction to get included in the next block. The blocks are only so big and the time to solve them has a lot of variance involved, so occasionally the blockchain will get 'backed up' and there will be a lot of transactions waiting to get confirmed while new ones are added. I've had transactions with "normal" fees take 12 hours to get confirmed just because there was such a backlog. -Touch_Of_Red
6. How do bookmakers set lines?
Click here
7. Best places to get betting percentages and how they work?
Click here
8. Parlay vs rolling bets?
Click here
9. What does EV mean?
EV stands for Expected Value - essentially, how much you stand to profit by making this type of play over the long run.
If you bet $100 on a line at +100 odds, those odds correspond to 50% win probability - you need to win 50% of the time just to break even. If your team actually has a 60% chance of winning the game, then you have a +EV scenario. This doesn't mean you'll always profit. About 40% of the time you'll lose your $100 and 60% of the time you'll win $100. But if you placed that exact same bet on the exact same game in 100,000 parallel universes, you should come out ahead (about 40,000 losses & 60,000 wins).
With the above example, what is your EV? 60% X $100 - 40% X 100 = $60-$40 = $20 Again, that doesn't mean you'll win $20, but across those 100k games in 100k parallel universes, you should yield a profit of about 100,000 X $20 = $2,000,000.
Conversely, if you bet $100 on a +100 line, but you suck at handicapping games and your team actually has only a 45% chance of winning, you've made a -EV play. For that single game, your EV would be 45% X $100 - 55% X $100 = $45-$55 = -$10. - djbayko
submitted by stander414 to sportsbook [link] [comments]

Directbet and/or bitcoin users, what do you use for a bitcoin wallet?

Currently, I use Nitrogen as a book, buy bitcoin through Circle, and use mycelium as a wallet. However, since mycelium is only android and I have to switch over to my tablet to use it, I made the switch to breadwallet (iOS) for convenience on my iPhone. I also wanted to use Directbet in addition to Nitrogen, as I like some of the prop bets and alternative lines.
My question though, is I'm wondering what you guys use for a wallet and if you can recommend one for iOS. I'm finding out that breadwallet charges ~0.04 to ~0.50 USD per transaction and that can get annoying.
EDIT: Thanks everyone, didn't realize mycelium is now on iOS
submitted by viper25 to sportsbook [link] [comments]

Bitcoin Sportsbook Directbet.eu Closes

Bitcoin Sportsbook Directbet.eu Closes submitted by degenbetcom to sportsbookextra [link] [comments]

DirectBet NBA - All Stars Special Prediction Game ! Lots of Prizes ! Free to Enter ! /r/bitcoin_uncensored

DirectBet NBA - All Stars Special Prediction Game ! Lots of Prizes ! Free to Enter ! /bitcoin_uncensored submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Directbet ghosting /r/Bitcoin

Directbet ghosting /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

10-17 19:03 - 'Directbet ghosting' (self.Bitcoin) by /u/gustavofloresechaiz removed from /r/Bitcoin within 637-647min

'''
I made a bet on directbet a few months ago just before they closed and they told me they would payout my bet when the results were determined a few months later. I never received the payout and their website and email are down. They ghosted. If anybody has a way to contact the owners of this website or their names I would like to sue them.
'''
Directbet ghosting
Go1dfish undelete link
unreddit undelete link
Author: gustavofloresechaiz
submitted by removalbot to removalbot [link] [comments]

Bitcoin Sportsbook Directbet.eu Closes

Bitcoin Sportsbook Directbet.eu Closes submitted by degenbetcom to Bitcoin [link] [comments]

DirectBet Super Bowl Special Promo ! Lots of Prizes ! Free to Enter ! /r/bitcoin_uncensored

DirectBet Super Bowl Special Promo ! Lots of Prizes ! Free to Enter ! /bitcoin_uncensored submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Guys I've been working on a project which is related to Bitcoin betting platform.... It's very exiting and simple than directbet. Anyone who knows the odds, can handle stuff in this field and wanna join in? /r/BitcoinMarkets

Guys I've been working on a project which is related to Bitcoin betting platform.... It's very exiting and simple than directbet. Anyone who knows the odds, can handle stuff in this field and wanna join in? /BitcoinMarkets submitted by BitcoinAllBot to BitcoinAll [link] [comments]

[uncensored-r/Bitcoin] Directbet ghosting

The following post by gustavofloresechaiz is being replicated because the post has been silently removed.
The original post can be found(in censored form) at this link:
np.reddit.com/ Bitcoin/comments/76x5w4
The original post's content was as follows:
I made a bet on directbet a few months ago just before they closed and they told me they would payout my bet when the results were determined a few months later. I never received the payout and their website and email are down. They ghosted. If anybody has a way to contact the owners of this website or their names I would like to sue them.
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

Bitcoin Sportsbook Directbet.eu Closes

Bitcoin Sportsbook Directbet.eu Closes submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Bitcoin Sportsbook Directbet.eu Closes - Transaction Fees and mempool the cause?

Bitcoin Sportsbook Directbet.eu Closes - Transaction Fees and mempool the cause? submitted by degenbetcom to btc [link] [comments]

Directbet We Believe that Bitcoin Gambling Will Grow Rapidly

submitted by BitcoinAllBot to BitcoinAll [link] [comments]

DirectBet Tipsters Championship ! Prize Pool - over 10 BTC with more than 3 BTC going to the winner ! Free to Enter ! /r/Bitcoin

DirectBet Tipsters Championship ! Prize Pool - over 10 BTC with more than 3 BTC going to the winner ! Free to Enter ! /Bitcoin submitted by coincrazyy to BitcoinAll [link] [comments]

Bet Bitcoin on Grand Prix and all Motorsports - DirectBet

Bet Bitcoin on Grand Prix and all Motorsports - DirectBet submitted by BTCmacroecon to Bitcoin [link] [comments]

DirectBet – #1 LIVE Bitcoin Sports Betting & Horse Racing, Instant Auto Payouts, No Account No Deposit, 10 BTC Monthly VIP Reward !

DirectBet – #1 LIVE Bitcoin Sports Betting & Horse Racing, Instant Auto Payouts, No Account No Deposit, 10 BTC Monthly VIP Reward ! submitted by DirectBet to CryptoCurrency [link] [comments]

DirectBet Casino & Playing Wallet - NEW ! /r/Bitcoin

DirectBet Casino & Playing Wallet - NEW ! /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

DirectBet – #1 LIVE Sportsbook & Racebook. No Accounts. Instant Payouts. with Bitcoins, Litecoins & Dogecoins !

DirectBet - www.DirectBet.eu
DirectBet is a revolutionary Cryptocurrency Sportsbook and Racebook that features a unique betting experience :
We look forward to your comments, suggestions and questions.
Good Luck !
DirectBet -> www.DirectBet.eu
submitted by DirectBet to MLSBetting [link] [comments]

139th Preakness Stakes - Bet with Bitcoin Post Time @ 6:18 PM (EST) Live on NBC. DirectBet is SO easy. Pick your pony!

139th Preakness Stakes - Bet with Bitcoin Post Time @ 6:18 PM (EST) Live on NBC. DirectBet is SO easy. Pick your pony! submitted by BTCmacroecon to Bitcoin [link] [comments]

DirectBet American Football Prediction Game *** Win Free Bets *** Free to Enter ! /r/Bitcoin

DirectBet American Football Prediction Game *** Win Free Bets *** Free to Enter ! /Bitcoin submitted by BitcoinAll to BitcoinAll [link] [comments]

DirectBet – #1 LIVE Sportsbook & Racebook. No Accounts. Instant Payouts. with Bitcoins, Litecoins & Dogecoins !

DirectBet - www.DirectBet.eu
DirectBet is a revolutionary Cryptocurrency Sportsbook and Racebook that features a unique betting experience :
We look forward to your comments, suggestions and questions.
Good Luck !
DirectBet -> www.DirectBet.eu
submitted by DirectBet to DirectBet [link] [comments]

Bitcoins verkopen uitgelegd  BTC Direct - YouTube Bitcoinist News Bits 15.12.14 FREE Bitcoins! Claim every 7 seconds! (One Cash) - YouTube directbet How to earn free bitcoin  get BTC to direct your wallet

Bitcoin Casinos also generally offer a bonus for new customers. Ideally, this consists of bonus credits and free spins. When you register in the online casino for the first time, the bonus credit is a great way to get to know the casino and its games. The bonus is always linked to conditions, which you should definitely read through beforehand. Only if you meet the wagering requirements can ... DirectBet specializes in LIVE In-Play betting and brought in a lot of LIVE action to the Bitcoin world. We also offer many unique bets that are not available in other Bitcoin sportbooks, including horse racing and political bets, and we had offered bets on the World Series of Poker, Chess World Championship and The Oscars. We also support multiple alt coins and accept bets with Bitcoins ... DirectBet is the safest Bitcoin sportsbook as you do not need to deposit – no longer do you need to park your valuable Bitcoins on 3rd party websites and hope that they will be there when you need them. You simply send your bets to a designated address and your winning will be sent back directly to your Bitcoin wallet. Instant, Automated Pay-Outs; Bets settle automatically within minutes of ... DirectBet (full review) is an online betting platform that allows you to bet bitcoin, litecoin and dogecoins on a wide range of sporting events.Bets can be placed using your browser, the site lists odds on horses, soccer, tennis, american football, baseball, basketball, snooker, golf, ice hockey, cricket, rugby union and league, darts, volleyball, boxing, mixed martial arts / mma, aussie rules ... Bitcoin ist in aller Munde – doch wie funktioniert Bitcoin eigentlich? Ist dies eine sicher Zahlungsmethode? Und kann ich auch im Online Casino sicher mit Bitcoin bezahlen? Wir erklären euch hier nicht nur wie eine Kryptowährung funktioniert, sondern haben uns auch die beliebtesten Bitcoin Casinos genauer angesehen. Um für dich die richtige Wahl zu treffen, musst du nämlich einiges ...

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Bitcoins verkopen uitgelegd BTC Direct - YouTube

A detailed review of bitcoin sportsbook DirectBet can be read at http://www.bitcoincasinopro.com/reviews/directbet/ One Cash. Make money online and earn free bitcoins from bitcoin claim every 7 seconds! It's free! Make money using your Android phones and make money fast! B... https://degenbet.com/bitcoin-sportsbook-directbet-eu-closes/ http://telegram.me/sportsbet Best way to make BTC. this video should be help you to make Bitcoin. see this video very carefully. like,comment,share,subscribe. Thank you App Link: Directbet have stopped operating. See all our crypto sportsbook reviews https://bitedge.com/crypto-sportsbook-reviews/ Overround and probability calculator h...

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