KingKolzig Posted August 29, 2015 Report Share Posted August 29, 2015 you signup nice 100% bonus. deposit with bitcoin. and then the bitcoin market collapses. you go to cash out from the book and they say "sorry we can only pay you in bitcoin" Quote Link to comment Share on other sites More sharing options...
Guest boatboatboat Posted August 29, 2015 Report Share Posted August 29, 2015 a book can do anything they want at anytime will they? who knows. Quote Link to comment Share on other sites More sharing options...
tripp Posted August 29, 2015 Report Share Posted August 29, 2015 Never used bitcoins but sure i can see that happening I know ive had that happen to me before when i deposit via one method and then when i go to withdraw i must use that same method (at least until ive reached the amount i deposited through that method). And that hasnt been a problem for me but with something more potentially volatile like bitcoins i could see that issue arising Quote Link to comment Share on other sites More sharing options...
StayGolden Posted August 29, 2015 Report Share Posted August 29, 2015 even if they said they can only pay you in bitcoin, they still have to send you the USD equivalent Quote Link to comment Share on other sites More sharing options...
KingKolzig Posted August 29, 2015 Author Report Share Posted August 29, 2015 there has to be a reason heritage is offering a 100% bonus on bitcoin deposits. if the market collapsed or took a huge dive would they really then send you us dollars. they would have taken all the risk Quote Link to comment Share on other sites More sharing options...
StayGolden Posted August 29, 2015 Report Share Posted August 29, 2015 there has to be a reason heritage is offering a 100% bonus on bitcoin deposits. if the market collapsed or took a huge dive would they really then send you us dollars. they would have taken all the risk I know exactly why they are offering it the vast majority of their customers still use other costly methods like WU and MG , which is becoming harder and harder to use they are trying to get more people into bitcoins and their 100% bonus comes with a 20x rollover.... they arent giving away the house here Quote Link to comment Share on other sites More sharing options...
Dark Raver Camper Posted August 29, 2015 Report Share Posted August 29, 2015 there has to be a reason heritage is offering a 100% bonus on bitcoin deposits. if the market collapsed or took a huge dive would they really then send you us dollars. they would have taken all the riskThe rollover isn't a cake walk. Possibly they are doing it since it is the easiest payment option now and want people to be ambitious with it. Quote Link to comment Share on other sites More sharing options...
Yanks Posted August 29, 2015 Report Share Posted August 29, 2015 Only boat books. Quote Link to comment Share on other sites More sharing options...
Guest boatboatboat Posted August 29, 2015 Report Share Posted August 29, 2015 dead thread alert Quote Link to comment Share on other sites More sharing options...
Smoke Posted August 29, 2015 Report Share Posted August 29, 2015 Ace is the place.. ooopps.. nevermind Quote Link to comment Share on other sites More sharing options...
KingRevolver Posted August 30, 2015 Report Share Posted August 30, 2015 You just gave 5dimes Tony a great idea, Kolzig. JFC Quote Link to comment Share on other sites More sharing options...
ajt Posted August 30, 2015 Report Share Posted August 30, 2015 You just gave 5dimes Tony a great idea, Kolzig. JFCJon Kreta is already working on his next project. Quote Link to comment Share on other sites More sharing options...
Sam Odom Posted August 30, 2015 Report Share Posted August 30, 2015 Just to clarify ... If say 1 BTC = 500.00 on Aug 29 You send 1 BTC to Heritage today at 1 BTC = 500.00 End of football season let's say 1 BTC = 5.00 and you have a $2000.00 balance at Heritage You ask for a full w/d. Heritage would send you 400 BTC That is the way they operate - Can they change their operation: SURE!! Hell they could runoff with all the funds before the superbowl Quote Link to comment Share on other sites More sharing options...
KingKolzig Posted August 30, 2015 Author Report Share Posted August 30, 2015 Just to clarify ... If say 1 BTC = 500.00 on Aug 29 You send 1 BTC to Heritage today at 1 BTC = 500.00 End of football season let's say 1 BTC = 5.00 and you have a $2000.00 balance at Heritage You ask for a full w/d. Heritage would send you 400 BTC That is the way they operate - Can they change their operation: SURE!! Hell they could runoff with all the funds before the superbowl thats what im saying. its not a great 100% cakewalk bonus you have to sweat the value of bitcoins. a collapse and you are done Quote Link to comment Share on other sites More sharing options...
Sam Odom Posted August 30, 2015 Report Share Posted August 30, 2015 KK, when you say "collapse" what do you mean ? To absolute zero out of biz ? Otherwise there's no problem Quote Link to comment Share on other sites More sharing options...
sports j Posted August 30, 2015 Report Share Posted August 30, 2015 Just short bitcoin problem solved Quote Link to comment Share on other sites More sharing options...
Sam Odom Posted August 30, 2015 Report Share Posted August 30, 2015 Just short bitcoin problem solved bad idea for most of us who just want to move $$$ around Quote Link to comment Share on other sites More sharing options...
sports j Posted August 30, 2015 Report Share Posted August 30, 2015 Good idea if your worried about the value dropping Quote Link to comment Share on other sites More sharing options...
Sam Odom Posted August 30, 2015 Report Share Posted August 30, 2015 Good idea if your worried about the value dropping apples v oranges in context of OP why people want to mix them together is way beyond Sammy Quote Link to comment Share on other sites More sharing options...
TeamGSP Posted August 30, 2015 Report Share Posted August 30, 2015 apples v oranges in context of OP why people want to mix them together is way beyond Sammy yes i agree with you. It was never specified if it was a sportsbook that keeps balances in bitcoin or sportsbook that keeps it in us dollars. It's 2 totally separate issues, and 1 or the other is a major dealbreaker. Fact of the matter is that i have another dealbreaker for you on books that process withdrawals in bitcoin that has balances in USD. What rate will i get when i withdraw? The rate at the time that i requested it or the rate at the time the process was done? Books can process withdrawals anytime they wish for the most part so is it possible i am going to get the short end of the stick or are there some more than fair books who stick to rules? If that's the case sometimes the book wins on the conversion and sometimes the player wins. A standard bettor to me (1 who bets anywhere between $50-$100 a game on straight wagers) is not going to have much of a problem. I can see a problem if a guy like this goes on a major run and gets the account up to over $5,000 but gambling is gambling. The best mentality to have in my opinion is to only bet with money you can afford to lose. Quote Link to comment Share on other sites More sharing options...
Sam Odom Posted August 30, 2015 Report Share Posted August 30, 2015 KK later made it clear he was speaking about Heritage... A cash book Dont worry about a $5K w/d from them Quote Link to comment Share on other sites More sharing options...
sweeper Posted August 30, 2015 Report Share Posted August 30, 2015 Just to clarify ... If say 1 BTC = 500.00 on Aug 29 You send 1 BTC to Heritage today at 1 BTC = 500.00 End of football season let's say 1 BTC = 5.00 and you have a $2000.00 balance at Heritage You ask for a full w/d. Heritage would send you 400 BTC That is the way they operate - Can they change their operation: SURE!! Hell they could runoff with all the funds before the superbowl Quote Link to comment Share on other sites More sharing options...
KingKolzig Posted September 15, 2015 Author Report Share Posted September 15, 2015 thinking about this 100% bonus using bitcoins still guess its just the players risk. cause if bitcoins go from $232 to $10 while im bankrolled with heritage i dont think they will be the one taking the hit Quote Link to comment Share on other sites More sharing options...
rito Posted September 15, 2015 Report Share Posted September 15, 2015 thinking about this 100% bonus using bitcoins still guess its just the players risk. cause if bitcoins go from $232 to $10 while im bankrolled with heritage i dont think they will be the one taking the hit they aren't holding the coins either Quote Link to comment Share on other sites More sharing options...
KingKolzig Posted September 15, 2015 Author Report Share Posted September 15, 2015 they aren't holding the coins either how do you know that? i send bitcoins to their wallet. they immediately sell them for cash? Quote Link to comment Share on other sites More sharing options...
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