Anyone who lives in a state that makes sports betting legal and still bets with offshore books are fools! I bet offshore but now that NJ has legal betting I'm done getting screwed from the offshore guys. Was sent a check from an offshore book that bounced and it was only for $750. Called the CS department was told that the check was good. Guess What!! the check was NOT good according to my bank so even when I won I lost. Never bet with them again. Thank God for the Supreme Court. Also, funding accounts offshore was a real problem.
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To remove first post, remove entire topic.
Anyone who lives in a state that makes sports betting legal and still bets with offshore books are fools! I bet offshore but now that NJ has legal betting I'm done getting screwed from the offshore guys. Was sent a check from an offshore book that bounced and it was only for $750. Called the CS department was told that the check was good. Guess What!! the check was NOT good according to my bank so even when I won I lost. Never bet with them again. Thank God for the Supreme Court. Also, funding accounts offshore was a real problem.
Off Shores use processors that do not generate checks from USA banks. Because you are trying to deposit into your USA bank account and it's, say, a Canadian check, then your bank won't clear those funds for sometimes up to 30 days. Use bitcoin and you wouldn't have those kind of problems with deposits and withdrawals.
States are also collecting their juice cut along with the ridiculously high vig of the terrible lines being offered. That's no way to operate profitably for any serious gambler.
~~~~~ZOSO~~~~~
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You BOTH do not know what you are talking about.
Off Shores use processors that do not generate checks from USA banks. Because you are trying to deposit into your USA bank account and it's, say, a Canadian check, then your bank won't clear those funds for sometimes up to 30 days. Use bitcoin and you wouldn't have those kind of problems with deposits and withdrawals.
States are also collecting their juice cut along with the ridiculously high vig of the terrible lines being offered. That's no way to operate profitably for any serious gambler.
You BOTH do not know what you are talking about.Off Shores use processors that do not generate checks from USA banks. Because you are trying to deposit into your USA bank account and it's, say, a Canadian check, then your bank won't clear those funds for sometimes up to 30 days. Use bitcoin and you wouldn't have those kind of problems with deposits and withdrawals.States are also collecting their juice cut along with the ridiculously high vig of the terrible lines being offered. That's no way to operate profitably for any serious gambler.
Bitcoin another scam. Within 2 more years there will be at least 20 more types of bitcoin being used all worthless as the time goes by. Anyone that invests in these are just gambling.
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Quote Originally Posted by TheGoldenGoose:
You BOTH do not know what you are talking about.Off Shores use processors that do not generate checks from USA banks. Because you are trying to deposit into your USA bank account and it's, say, a Canadian check, then your bank won't clear those funds for sometimes up to 30 days. Use bitcoin and you wouldn't have those kind of problems with deposits and withdrawals.States are also collecting their juice cut along with the ridiculously high vig of the terrible lines being offered. That's no way to operate profitably for any serious gambler.
Bitcoin another scam. Within 2 more years there will be at least 20 more types of bitcoin being used all worthless as the time goes by. Anyone that invests in these are just gambling.
Had a friend use bitcoin to bet on the world cup soccer tourney. He won and thought he won $12K betting on France but found out that when he bet bitcoin was at a much higher price but was paid out in what the price was at the end of the tourney. He got only $7K and lost money even though he won his bet.
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Had a friend use bitcoin to bet on the world cup soccer tourney. He won and thought he won $12K betting on France but found out that when he bet bitcoin was at a much higher price but was paid out in what the price was at the end of the tourney. He got only $7K and lost money even though he won his bet.
States are also collecting their juice cut along with the ridiculously high vig of the terrible lines being offered. That's no way to operate profitably for any serious gambler.
We don't know what the vigorish will be because only NJ was set to Go and the other states are on a Lag.The new FanDuel @ Meadowlands had a 20 cent baseball line so.......Go across the street literally and bet Monmouth/Hill lines. FanDuel had 11/10 on the opening NFL games so that is the same you were getting from Bernie at the Candystore.FanDuel is waiting to go in upstate New York and if they offer a Bad Line we'll cut their Throat with it.Serious Bettors and Bitcoin in the same sentence is an Oxymoron.
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Quote Originally Posted by TheGoldenGoose:
You BOTH do not know what you are talking about.
States are also collecting their juice cut along with the ridiculously high vig of the terrible lines being offered. That's no way to operate profitably for any serious gambler.
We don't know what the vigorish will be because only NJ was set to Go and the other states are on a Lag.The new FanDuel @ Meadowlands had a 20 cent baseball line so.......Go across the street literally and bet Monmouth/Hill lines. FanDuel had 11/10 on the opening NFL games so that is the same you were getting from Bernie at the Candystore.FanDuel is waiting to go in upstate New York and if they offer a Bad Line we'll cut their Throat with it.Serious Bettors and Bitcoin in the same sentence is an Oxymoron.
Had a friend use bitcoin to bet on the world cup soccer tourney. He won and thought he won $12K betting on France but found out that when he bet bitcoin was at a much higher price but was paid out in what the price was at the end of the tourney. He got only $7K and lost money even though he won his bet.
That is straight up BS. Bitcoin price has not gone down since the WC started. Bitcoin was basically the same price the tournament opened as when it closed. Your friend is full of sh*t.
To add to this, and the subject of the thread....
Some might make the argument that you are a fool if you lay -110 in a brick and mortar casino instead of shopping multiple outs online in the comfort of your home. How are you going to take advantage of a good price driving around New Jersey?
If you can't use and figure out bitcoin, you shouldn't be doing any of this. The fact that you got a check from an offshore in this day and age is almost comical.
Support your local animal shelter. I am on twitter.
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Quote Originally Posted by josbran:
Had a friend use bitcoin to bet on the world cup soccer tourney. He won and thought he won $12K betting on France but found out that when he bet bitcoin was at a much higher price but was paid out in what the price was at the end of the tourney. He got only $7K and lost money even though he won his bet.
That is straight up BS. Bitcoin price has not gone down since the WC started. Bitcoin was basically the same price the tournament opened as when it closed. Your friend is full of sh*t.
To add to this, and the subject of the thread....
Some might make the argument that you are a fool if you lay -110 in a brick and mortar casino instead of shopping multiple outs online in the comfort of your home. How are you going to take advantage of a good price driving around New Jersey?
If you can't use and figure out bitcoin, you shouldn't be doing any of this. The fact that you got a check from an offshore in this day and age is almost comical.
If you can't use and figure out bitcoin, you shouldn't be doing any of this. The fact that you got a check from an offshore in this day and age is almost comical.
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If you can't use and figure out bitcoin, you shouldn't be doing any of this. The fact that you got a check from an offshore in this day and age is almost comical.
I'm not bashing bitcoin users at all, but for me personally I avoid it like the plague. The volatility makes it a gamble in and of itself. I'm already gambling on the games, I don't feel like gambling with how much my payout will be the next day. Bitcoin is down $10,000 since January alone
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I'm not bashing bitcoin users at all, but for me personally I avoid it like the plague. The volatility makes it a gamble in and of itself. I'm already gambling on the games, I don't feel like gambling with how much my payout will be the next day. Bitcoin is down $10,000 since January alone
I'm not bashing bitcoin users at all, but for me personally I avoid it like the plague. The volatility makes it a gamble in and of itself. I'm already gambling on the games, I don't feel like gambling with how much my payout will be the next day. Bitcoin is down $10,000 since January alone
The payouts are at market price and the transaction from converting your btc payout to cash is instant. Not sure where the gamble is but I suppose if one sits on the btc without selling then that's a completely separate plan.
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Quote Originally Posted by mbialowas:
I'm not bashing bitcoin users at all, but for me personally I avoid it like the plague. The volatility makes it a gamble in and of itself. I'm already gambling on the games, I don't feel like gambling with how much my payout will be the next day. Bitcoin is down $10,000 since January alone
The payouts are at market price and the transaction from converting your btc payout to cash is instant. Not sure where the gamble is but I suppose if one sits on the btc without selling then that's a completely separate plan.
I'm not bashing bitcoin users at all, but for me personally I avoid it like the plague. The volatility makes it a gamble in and of itself. I'm already gambling on the games, I don't feel like gambling with how much my payout will be the next day. Bitcoin is down $10,000 since January alone
Understand. And agree BTW.
But like Search says above, not sure why someone wouldn't use it as a transfer method. In and out of BTC in about an hour tops. It is no different than WU or the old days of Neteller, just an electronic transfer service. Yes, you own BTC for an hour, but there is no real risk there.
Once you are willing to do this, then all of the "check is in the mail" or "my bank is questioning my check" stuff goes away.
I understand the decision of some not to want to hold BTC, but I have no idea why someone wouldn't at least use the utility of BTC.
Support your local animal shelter. I am on twitter.
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Quote Originally Posted by mbialowas:
I'm not bashing bitcoin users at all, but for me personally I avoid it like the plague. The volatility makes it a gamble in and of itself. I'm already gambling on the games, I don't feel like gambling with how much my payout will be the next day. Bitcoin is down $10,000 since January alone
Understand. And agree BTW.
But like Search says above, not sure why someone wouldn't use it as a transfer method. In and out of BTC in about an hour tops. It is no different than WU or the old days of Neteller, just an electronic transfer service. Yes, you own BTC for an hour, but there is no real risk there.
Once you are willing to do this, then all of the "check is in the mail" or "my bank is questioning my check" stuff goes away.
I understand the decision of some not to want to hold BTC, but I have no idea why someone wouldn't at least use the utility of BTC.
So basically, going back to the original poster who said people are "fools" if they bet offshore.... Here are your two choices:
1. Go to a land based SB. Bet whatever odds they have at the time and place you go, and whatever is being offered while you are there. Lay out cash. Collect cash.
2. Use BTC and have several outs, get reduced juice, bet whatever options you want, get the best line at one of your several outs, never leave your house. Lay out BTC, collect BTC.
I understand and acknowledge the benefits of option 1, but to say someone is a "fool" for using option 2 is just naive.
Support your local animal shelter. I am on twitter.
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So basically, going back to the original poster who said people are "fools" if they bet offshore.... Here are your two choices:
1. Go to a land based SB. Bet whatever odds they have at the time and place you go, and whatever is being offered while you are there. Lay out cash. Collect cash.
2. Use BTC and have several outs, get reduced juice, bet whatever options you want, get the best line at one of your several outs, never leave your house. Lay out BTC, collect BTC.
I understand and acknowledge the benefits of option 1, but to say someone is a "fool" for using option 2 is just naive.
But like Search says above, not sure why someone wouldn't use it as a transfer method. In and out of BTC in about an hour tops. It is no different than WU or the old days of Neteller, just an electronic transfer service. Yes, you own BTC for an hour, but there is no real risk there.
Once you are willing to do this, then all of the "check is in the mail" or "my bank is questioning my check" stuff goes away.
I understand the decision of some not to want to hold BTC, but I have no idea why someone wouldn't at least use the utility of BTC.
Hi Vanz, I'm new at this too and have wanted to try BTC for a while. I've had some issues setting it up using coinbase. My first question is, is there another reliable outlet out there besides coinbase?
And my second question/comment is regarding depreciation. So you are saying unless one holds on to the Bitcoin there is very little chance of your money depreciating? Say for instance I buy $1000 worth of bitcoin, deposit it an 5 dimes or wherever, and then bet it on a dog at +200 all and win $2000. When the online casino pays out my winnings as long as I convert the bitcoin to cash, and don't hang on to it, I'll have my $2000, correct? Sorry for putting it in these crude terms, but I'm a novice and want some clarity.
Thanks in advance.
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Quote Originally Posted by vanzack:
Understand. And agree BTW.
But like Search says above, not sure why someone wouldn't use it as a transfer method. In and out of BTC in about an hour tops. It is no different than WU or the old days of Neteller, just an electronic transfer service. Yes, you own BTC for an hour, but there is no real risk there.
Once you are willing to do this, then all of the "check is in the mail" or "my bank is questioning my check" stuff goes away.
I understand the decision of some not to want to hold BTC, but I have no idea why someone wouldn't at least use the utility of BTC.
Hi Vanz, I'm new at this too and have wanted to try BTC for a while. I've had some issues setting it up using coinbase. My first question is, is there another reliable outlet out there besides coinbase?
And my second question/comment is regarding depreciation. So you are saying unless one holds on to the Bitcoin there is very little chance of your money depreciating? Say for instance I buy $1000 worth of bitcoin, deposit it an 5 dimes or wherever, and then bet it on a dog at +200 all and win $2000. When the online casino pays out my winnings as long as I convert the bitcoin to cash, and don't hang on to it, I'll have my $2000, correct? Sorry for putting it in these crude terms, but I'm a novice and want some clarity.
Hi Vanz, I'm new at this too and have wanted to try BTC for a while. I've had some issues setting it up using coinbase. My first question is, is there another reliable outlet out there besides coinbase?
And my second question/comment is regarding depreciation. So you are saying unless one holds on to the Bitcoin there is very little chance of your money depreciating? Say for instance I buy $1000 worth of bitcoin, deposit it an 5 dimes or wherever, and then bet it on a dog at +200 all and win $2000. When the online casino pays out my winnings as long as I convert the bitcoin to cash, and don't hang on to it, I'll have my $2000, correct? Sorry for putting it in these crude terms, but I'm a novice and want some clarity.
Thanks in advance.
There are tons of tutorials out there on BTC, how to buy, how to sell, where to buy etc. Getting it and selling it really isn't a problem, but curious as to why you are having issues on CB?
Here is a list I found by googling.... https://www.buybitcoinworldwide.com/united-states/
In your scenario, you would buy bitcoin at noon, and you would send it to 5dimes at 12:05. They would receive it and convert it to your balance at 5D. So for your deposit, you were holding BTC for approximately 5 minutes (or lets round up to an hour).
To WD, 5D would take your balance, convert it to BTC, then send it to you. You would receive it, and sell it for USD within an hour.
Either way, an hours worth of exposure to BTC fluctuations is not risky. You have essentially used it as a transfer mechanism.
Support your local animal shelter. I am on twitter.
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Quote Originally Posted by begginerboy:
Hi Vanz, I'm new at this too and have wanted to try BTC for a while. I've had some issues setting it up using coinbase. My first question is, is there another reliable outlet out there besides coinbase?
And my second question/comment is regarding depreciation. So you are saying unless one holds on to the Bitcoin there is very little chance of your money depreciating? Say for instance I buy $1000 worth of bitcoin, deposit it an 5 dimes or wherever, and then bet it on a dog at +200 all and win $2000. When the online casino pays out my winnings as long as I convert the bitcoin to cash, and don't hang on to it, I'll have my $2000, correct? Sorry for putting it in these crude terms, but I'm a novice and want some clarity.
Thanks in advance.
There are tons of tutorials out there on BTC, how to buy, how to sell, where to buy etc. Getting it and selling it really isn't a problem, but curious as to why you are having issues on CB?
Here is a list I found by googling.... https://www.buybitcoinworldwide.com/united-states/
In your scenario, you would buy bitcoin at noon, and you would send it to 5dimes at 12:05. They would receive it and convert it to your balance at 5D. So for your deposit, you were holding BTC for approximately 5 minutes (or lets round up to an hour).
To WD, 5D would take your balance, convert it to BTC, then send it to you. You would receive it, and sell it for USD within an hour.
Either way, an hours worth of exposure to BTC fluctuations is not risky. You have essentially used it as a transfer mechanism.
Anyone who lives in a state that makes sports betting legal and still bets with offshore books are fools! I bet offshore but now that NJ has legal betting I'm done getting screwed from the offshore guys. Was sent a check from an offshore book that bounced and it was only for $750. Called the CS department was told that the check was good. Guess What!! the check was NOT good according to my bank so even when I won I lost. Never bet with them again. Thank God for the Supreme Court. Also, funding accounts offshore was a real problem.
Sounds like someone had a bad experience. But your generalization just isn't true if you deal with a reputable offshore book.
I LIVE in Vegas, but still use an offshore book (along with the sports books and their apps here). I use bitcoin to transfer monies all the time and have never had an issue - not one.
There is NO Bitcoin exchange rate risk btw. The transfer takes about an hour at the MOST - so really no risk unless a World War breaks out in that hour!
Come into the 21st Century gents.
Btw, as far as the new states that are coming on board with gambling, they are absolutely laying the wood to bettors with the squarest of square lines. Vegas has no worries!
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Quote Originally Posted by josbran:
Anyone who lives in a state that makes sports betting legal and still bets with offshore books are fools! I bet offshore but now that NJ has legal betting I'm done getting screwed from the offshore guys. Was sent a check from an offshore book that bounced and it was only for $750. Called the CS department was told that the check was good. Guess What!! the check was NOT good according to my bank so even when I won I lost. Never bet with them again. Thank God for the Supreme Court. Also, funding accounts offshore was a real problem.
Sounds like someone had a bad experience. But your generalization just isn't true if you deal with a reputable offshore book.
I LIVE in Vegas, but still use an offshore book (along with the sports books and their apps here). I use bitcoin to transfer monies all the time and have never had an issue - not one.
There is NO Bitcoin exchange rate risk btw. The transfer takes about an hour at the MOST - so really no risk unless a World War breaks out in that hour!
Come into the 21st Century gents.
Btw, as far as the new states that are coming on board with gambling, they are absolutely laying the wood to bettors with the squarest of square lines. Vegas has no worries!
But in the ideal situation the state you live in has multiple sportsbooks in that state and all offer on line options so wouldn't it then be silly to try to fund sportsbooks off-shore, and then hope to collect from them as well especially considering those that take from the U.S. now will lose business and be even riskier for payouts due to the large loss of revenue. just saying.
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But in the ideal situation the state you live in has multiple sportsbooks in that state and all offer on line options so wouldn't it then be silly to try to fund sportsbooks off-shore, and then hope to collect from them as well especially considering those that take from the U.S. now will lose business and be even riskier for payouts due to the large loss of revenue. just saying.
offshores will soon become att call centers .betting here in usa you have no worries about getting limited no fugggggggggg in the behind jobs for rollovers you place your wagers ticket printed out .no way to make mistakes zero...
YOU win get paid when game is over you lose hold onto that loser it's write off in case you win huge something
You are falling in to the category of one size fits all and assuming that your experience and requirements are everyone's experience and requirements.
No way to make a mistake with a ticket? How about losing it. How about a pitching change that you don't know happened and you never get what you should. Please.
Look pal, you might bet on sides for 20 bucks a pop in NFL and not care about laying -110. But there are a lot of people who like betting on who will score first for big money, and like to get a fair price doing it.
Once again - extremely naive to think that everyone wants to be stuck with whatever their local brick and mortar shop is offering at that moment, and pay more to do it. If you want that - great - but plenty of people realize that their only edge is laying -102 instead of -110.
Support your local animal shelter. I am on twitter.
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Quote Originally Posted by zebrakiller:
offshores will soon become att call centers .betting here in usa you have no worries about getting limited no fugggggggggg in the behind jobs for rollovers you place your wagers ticket printed out .no way to make mistakes zero...
YOU win get paid when game is over you lose hold onto that loser it's write off in case you win huge something
You are falling in to the category of one size fits all and assuming that your experience and requirements are everyone's experience and requirements.
No way to make a mistake with a ticket? How about losing it. How about a pitching change that you don't know happened and you never get what you should. Please.
Look pal, you might bet on sides for 20 bucks a pop in NFL and not care about laying -110. But there are a lot of people who like betting on who will score first for big money, and like to get a fair price doing it.
Once again - extremely naive to think that everyone wants to be stuck with whatever their local brick and mortar shop is offering at that moment, and pay more to do it. If you want that - great - but plenty of people realize that their only edge is laying -102 instead of -110.
Here is the gamble I'm talking about with Bitcoin. You place a bet for one bitcoin when its worth $10,000 per coin. The game you bet on is 5 days away, and when it's time to collect you're winning bet, bitcoin is worth $5,000. Is this not high risk? Does your offshore guarantee your bitcoin price at time of bet?
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Here is the gamble I'm talking about with Bitcoin. You place a bet for one bitcoin when its worth $10,000 per coin. The game you bet on is 5 days away, and when it's time to collect you're winning bet, bitcoin is worth $5,000. Is this not high risk? Does your offshore guarantee your bitcoin price at time of bet?
mbialowas, i think you need to re-read the thread ... the offshore converts your deposit to usd. you aren’t holding crypto for five days in this scenario, but only for as long as it takes to deposit.
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mbialowas, i think you need to re-read the thread ... the offshore converts your deposit to usd. you aren’t holding crypto for five days in this scenario, but only for as long as it takes to deposit.
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