Betting Questions
- Thread starter EzFlyer
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Sorry for douple posting. But i'm just wondering what an easy site is to use for betting on fights that requires easy account set-up and fast payout. And how would betting work for instance Ferguson is +145 vs Khabib if I placed $100 on ferg would I just get 145 back. Also Khabib is -125 I believe so what would be the payout if I put 100 on him.
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Haha, nice. I guess that's my prize for being a borderline grammar nazi
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$100 @ +145 would indeed return $145 plus your stake back; -125 would return $80.
The bookie question is more for the US posters. 5dimes seems to be the most popular one.
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Yes if you are American definitely use 5dimes
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I would like some clarification on this. I don't think coinbase or whoever knows who the sender is. That is supposed to be part of the value of bitcoin - anonymity. Correct me if I am wrong.
I am pretty sure Coinbase (or whoever) just creates a recipient address for you and then people can put bitcoin in there. It can be 5d, BM, or your grandma but Coinbase is not tracking (or should no be able to) who the sender is.
I just did my first withdrawal using BTC. I opended at account on QuadrigaCX which is a Canadian based bitcoin exchange.
Once the BTC hits my Quadriga account I can then choose to sell it for CDN or USD. Now I am pretty damn sure Quadriga (or Coinbase or whoever) does not have the ability to see who is sending BTC to my account.
I am not sure if Quadriga is available to Americans but I think so. There are tons of withdrawal options on Quadriga many of which have no fees.
One interesting note: I chose to withdraw to my Mastercard. In this way the money is used against my MC balance and never actually hits my bank account...Somehow I think this poses less risk of getting the tax man upset.
Thoughts on this ?...I am a professed newb in the ways of BTC.
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Honestly I'm far from an expert on this, I've just followed the recommendations that I found from multiple sources when I researched it. From the article I posted on the previous page: "We suggest using two different sites for these exchanges (and base the guide on such.)These two sites are Coinbase.com and Blockchain.info.Both sites function differently and serve a different purpose when looking to help fund your online poker rakeback, sports or casino account.Coinbase is the easiest and most secure way to buy bitcoin using different funding methods and has a long and successful track record of keeping very sensitive information safe and secure.Blockchain.info is used as an intermediary to add another level of security and anonymity. Using both of these sites in conjunction (as our guide instructs) ensures maximum security, anonymity and ease of use in all cases."
Now, does using Blockchain really make a difference? I can't say with any certainty, but my thought on it is it takes such minimal effort to use it, why not take the extra precaution. I've seen many reports of Coinbase (and Circle) users being banned for gambling activities. I have no idea how the sites know where the bitcoins are coming from but I've seen Blockchain recommended pretty much universally.
I do think the idea of withdrawing to your Mastercard is smart though. Definitely can't hurt.
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Ok well this is interesting. If it is KNOWN that people are being banned for gambling activities then there is clearly a problem with the anonymity aspect. Good idea on the Blockchain.
I read the article and it makes sense. It just goes against what I know about how BTC works. Tax regulators could be putting pressure on these exchanges to share their information and that could be where the
in the armour is.EDIT: lol at how the word ch*nk is being censored above
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Ok well this is interesting. If it is KNOWN that people are being banned for gambling activities then there is clearly a problem with the anonymity aspect. Good idea on the Blockchain.
I read the article and it makes sense. It just goes against what I know about how BTC works. Tax regulators could be putting pressure on these exchanges to share their information and that could be where the
EDIT: lol at how the word ch*nk is being censored above
Yea, I'm not too familiar with the inner workings of bitcoin, I'm just kinda following the best practices that I found when I got into it lol. But if you Google "coinbase banned for gambling" you'll find tons of feedback.
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I prefer Bookmaker, but based on your message I think Bookmaker and 5Dimes are both fine. Bookmaker's interface is way better, though. Heritage is also well regarded.
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So I have been doing some reading up on BTC and Coinbase. I would not use Coinbase for gambling purposes as they seem to have it out for people who gamble and ban their accounts. There are even some people banned from Coinbase even when they use one wallet in between the bookie and Coinbase. In other words in some cases they are tracking the BTC movement one hop away from their site... damn...
Secondly, If I was an American I would probably use an exchange or service that was not based in the US. Just using common sense - it will be more difficult for the IRS to get information from a company based in Canada or Europe than to get info from a US based company.
So for now this will be my strategy for withdrawals and I will let you know how it goes
5dimes ---> Personal Wallet / Blockchain ---> QuadrigaCX ---> Mastercard
I don't plan on putting any money in my bank account that originated from a bookie.
It also is recommended to use a different wallet every time.
No wonder BTC hasn't taken off yet....this shit is complicated.
Secondly, If I was an American I would probably use an exchange or service that was not based in the US. Just using common sense - it will be more difficult for the IRS to get information from a company based in Canada or Europe than to get info from a US based company.
So for now this will be my strategy for withdrawals and I will let you know how it goes
5dimes ---> Personal Wallet / Blockchain ---> QuadrigaCX ---> Mastercard
I don't plan on putting any money in my bank account that originated from a bookie.
It also is recommended to use a different wallet every time.
No wonder BTC hasn't taken off yet....this shit is complicated.
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Bitcoin has a lot of privacy and anonymous issues/problems. That's why there are coins like Monero, Dash, and Zcash out there.
Overall, there are like 700 crypto currencies. Only about 10% of them are probably legit, though. Most of them are scam coins
Overall, there are like 700 crypto currencies. Only about 10% of them are probably legit, though. Most of them are scam coins
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i'd say read the last few pages, in order, and don't do anything until you've read thru it all. that's the best way you could get that answered
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OK so I finally completed my initial transaction from start to finish. There is a few days of lag and it took some time to get it all setup. However, now that the accounts have been openend and the "infastructure" is setup it is pretty painless.
I strongly recommend QuadrigaCX over Coinbase for a couple reasons.
1. Quadriga is based in Canada and hence not under the scrutiny of IRS and US gov.
2. Quadriga offers many different cashout options free of charge.
I cashed out onto my MasterCard without any problems and without any fees. It just takes 4-7 days.
As I mentioned in my previous post - going forward my cashout procedure will be as follows:
5dimes -->BLOCKCHAIN -->QuadrigaCX --> MasterCard balance
Quadriga even offers cashout out to you paypal account which is pretty cool in terms of not being traceable. I kinda doubt IRS or tax agencies are gonna track your PayPal activity.
Anyway if you have any questions let me know. I am not an expert but so far my setup works well. You will need to open an account with Blockchain and Quadriga.
PS. This sounds like a Quadriga ad lol!
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If you bet fighter A -3.5 he needs to win by at least 4 points. So if he won 29-28, 29-28, 29-28 would be a loss. The fighter B example you gave would be a win. How it works is you just add up the total points from all 3 judges for each fighter and either add or subtract the 3.5 (or 5.5) from the fighter you bet on. If the total for your fighter is greater than the other fighter, you win.
Real world example, Sergio Pettis vs John Morago. Pettis was the favorite and therefore -3.5. Scorecards were 29-28, 29-28, 30-27 in favor of Pettis:
29 + 29 + 30 - 3.5 = 84.5
28 + 28 +27 = 83
So, a bet on Pettis -3.5 would have won.
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obviously if your side (+ or -) gets a finish, it wins (or loses if you get finished)
if it goes to the cards, short of 10-10 and 10-8 rounds, think of spreads this way.
3 round fight = 9 cards
5 round fight = 15 cards
so the standard 3.5 spread for 3 round fights, the +3.5 needs 3 of the 9. the -3.5 needs 7 of the 9
if it goes to the cards, short of 10-10 and 10-8 rounds, think of spreads this way.
3 round fight = 9 cards
5 round fight = 15 cards
so the standard 3.5 spread for 3 round fights, the +3.5 needs 3 of the 9. the -3.5 needs 7 of the 9
