plommer Posted February 2, 2015 Author Report Share Posted February 2, 2015 Got a payout in <15minutes. That's a record for them. Quote Link to comment Share on other sites More sharing options...
Betmonkey Posted February 2, 2015 Report Share Posted February 2, 2015 Still clueless on this Bitcoin thing. There was some info posted earlier so I gotta get my read on. Quote Link to comment Share on other sites More sharing options...
StayGolden Posted February 3, 2015 Report Share Posted February 3, 2015 Got a payout in <15minutes. That's a record for them. That was an anomaly for sure... they deducted my funds 3 hours ago, still waiting for bitcoins. Quote Link to comment Share on other sites More sharing options...
rito Posted February 3, 2015 Report Share Posted February 3, 2015 That was an anomaly for sure... they deducted my funds 3 hours ago, still waiting for bitcoins. That's a shame, was hoping this was going to be standard. Quote Link to comment Share on other sites More sharing options...
Guest boatboatboat Posted February 3, 2015 Report Share Posted February 3, 2015 Useless is BOL. I've sent 6 emails in the last 3 days asking them to update my email and phone numbers on file. I've heard back from them 6 different times telling me they completed the change, only to log in and see the incorrect info still showing. I've included a screenshot with every email I sent to CS so they know what I'm referring to, they are fucking clueless. The chances of me depositing with BetOnline are 0 until they can get shit straightened out. Remember how they were going to offer bitcoin? They couldn't figure that out either. I have forwarded your post to a contact I have at BOL, I hope they will reach out to you via PM and fix this issue for you. Quote Link to comment Share on other sites More sharing options...
D-Hustle Posted February 3, 2015 Report Share Posted February 3, 2015 is BOL my pal? Quote Link to comment Share on other sites More sharing options...
brownsfan Posted February 3, 2015 Report Share Posted February 3, 2015 Wow!!! I went from knowing NOTHING about bitcoins yesterday and now today I received a DSI payout in less than an hour. Very, very nice! I highly recommend this for payouts. Quote Link to comment Share on other sites More sharing options...
StayGolden Posted February 3, 2015 Report Share Posted February 3, 2015 DSI canceled my bitcoin payout and asked me to make a new request because at that moment they did not have enough bitcoins to process it. going on hour number 3 of my new request Quote Link to comment Share on other sites More sharing options...
janus Posted February 4, 2015 Report Share Posted February 4, 2015 don't hold your balances in BTC, boys.... make sure exchanges to and from $ happen immediately upon dep & wd. Quote Link to comment Share on other sites More sharing options...
StayGolden Posted February 4, 2015 Report Share Posted February 4, 2015 yes because bitcoins only goes down in price boys. Quote Link to comment Share on other sites More sharing options...
janus Posted February 4, 2015 Report Share Posted February 4, 2015 yes because bitcoins only goes down in price boys. anybody that wants to let it ride on hyper-volatile currency markets while trying to grind out the extra 0.5% per month (and that's being generous) studying the scoring trends vegas missed is a fucking idiot. Quote Link to comment Share on other sites More sharing options...
Viejo Dinosaur Posted February 4, 2015 Report Share Posted February 4, 2015 anybody that wants to let it ride on hyper-volatile currency markets while trying to grind out the extra 0.5% per month (and that's being generous) studying the scoring trends vegas missed is a fucking idiot. Excellent post.....using bit coin is liking playing the stock market.....that's the way I interpret it..... What are the advantages? Quote Link to comment Share on other sites More sharing options...
brownsfan Posted February 4, 2015 Report Share Posted February 4, 2015 Excellent post.....using bit coin is liking playing the stock market.....that's the way I interpret it..... What are the advantages? I thought the same thing but I'm a recent convert. It is awesome for payouts and in my VERY limited experience I was only subject to price fluctuation for about an hour or two from payout request to $$$ headed to bank account. Quote Link to comment Share on other sites More sharing options...
rito Posted February 4, 2015 Report Share Posted February 4, 2015 Excellent post.....using bit coin is liking playing the stock market.....that's the way I interpret it..... What are the advantages? You hold the coins for as long as it takes to click transfer to coinbase and sell. <1 hour. You could obviously get fked on price in that hour (i've actually seen a small gain in the payouts I've been taking this way over the last few months) but it's a free and instant payout method in the USA. Bookmaker charges $600 for a 10k wire, or $90 per $3k check you have to wait 10+days between each. etc. Quote Link to comment Share on other sites More sharing options...
brownsfan Posted February 4, 2015 Report Share Posted February 4, 2015 I lost about $10 in price fluctuation my first time. WELL worth it. Quote Link to comment Share on other sites More sharing options...
Bucky Posted February 4, 2015 Report Share Posted February 4, 2015 Let's see if I have all this right? And hopefully, it does not hurt to talk about it - discuss it. Otherwise, it is worthless - if it cannot withstand the test of being out in the open. Acquire Bitcoin. Transfer from checking account - get immediate fill if guaranteed by Visa credit card. ? what if a friend transfers to you (is that immediate?) Transfer to sportsbook within a minute of receipt (so, you don't get hosed on market fluctuation) Get immediate fill (?eligible for a reload bonus) so, you play - you win - you withdraw - guess you verify before you go for it. Quick payout - 30 minutes or less? You watch it like a hawk - transfer to checking or a friend with 1 minute of receipt no fees in or out? I thought I read there was a little something - messing with the checking account - guess these are all eft's - still some cost to be automated? That looks great on paper! What tremendous service. What about the paper trail at the bank? Aren't they going to be spinning themselves in the ground with SARS reports? To play this within the letter of the law - report all bit coin transactions (do we call this gambling winnings or monetary speculation like currencies?) Let's not get fancy but let's not report any losses - nobody cares about money going out - but the second money comes back into a checking account it has to be accounted for regardless of the big picture ( one winning speculation - 14 losses doesn't matter). How does 10k of bit coin received in my checking account fly (in the course of a year - not one lump) So this looks good for deposits - if you withdraw and deposit somewhere else with the funds 1 minute later or send to a friend who has a need to do that. Looks good. As far as ever putting money in your own pocket - have to waltz the money to a book that pays out without heinous fees - but now we might be going down the road of bitcoin in - bitcoin has to come out. How did I do? Fair book report? Somehow, bit coin has to be safe from the DOJ? Be tested - be impervious and within the law. Someone, gets audited, request for bitcoin documentation - if it is above board and all records are provided and documented - fine - but - how were these funds used? All, well and good for purchases but, the minute any unreported income shows up in the paper trail - there will be problems. Quote Link to comment Share on other sites More sharing options...
plommer Posted February 4, 2015 Author Report Share Posted February 4, 2015 Excellent post.....using bit coin is liking playing the stock market.....that's the way I interpret it..... What are the advantages? Investing in bitcoin is alot different than using it to fund a sportsbook account. You guys that can't comprehend are stuck in the stone age. Quote Link to comment Share on other sites More sharing options...
rito Posted February 4, 2015 Report Share Posted February 4, 2015 Let's see if I have all this right? And hopefully, it does not hurt to talk about it - discuss it. Otherwise, it is worthless - if it cannot withstand the test of being out in the open. Acquire Bitcoin. Transfer from checking account - get immediate fill if guaranteed by Visa credit card. ? what if a friend transfers to you (is that immediate?) Transfer to sportsbook within a minute of receipt (so, you don't get hosed on market fluctuation) Get immediate fill (?eligible for a reload bonus) so, you play - you win - you withdraw - guess you verify before you go for it. Quick payout - 30 minutes or less? You watch it like a hawk - transfer to checking or a friend with 1 minute of receipt no fees in or out? I thought I read there was a little something - messing with the checking account - guess these are all eft's - still some cost to be automated? That looks great on paper! What tremendous service. What about the paper trail at the bank? Aren't they going to be spinning themselves in the ground with SARS reports? To play this within the letter of the law - report all bit coin transactions (do we call this gambling winnings or monetary speculation like currencies?) Let's not get fancy but let's not report any losses - nobody cares about money going out - but the second money comes back into a checking account it has to be accounted for regardless of the big picture ( one winning speculation - 14 losses doesn't matter). How does 10k of bit coin received in my checking account fly (in the course of a year - not one lump) So this looks good for deposits - if you withdraw and deposit somewhere else with the funds 1 minute later or send to a friend who has a need to do that. Looks good. As far as ever putting money in your own pocket - have to waltz the money to a book that pays out without heinous fees - but now we might be going down the road of bitcoin in - bitcoin has to come out. How did I do? Fair book report? Somehow, bit coin has to be safe from the DOJ? Be tested - be impervious and within the law. Someone, gets audited, request for bitcoin documentation - if it is above board and all records are provided and documented - fine - but - how were these funds used? All, well and good for purchases but, the minute any unreported income shows up in the paper trail - there will be problems. You sound like the guys that claim they could win millions of $ if they wanted to gambling but don't want to deal with the hassles of paying taxes. Quote Link to comment Share on other sites More sharing options...
Bucky Posted February 5, 2015 Report Share Posted February 5, 2015 If it is used for gambling - it is not a question of if the DOJ goes after it but when. Quote Link to comment Share on other sites More sharing options...
Bucky Posted February 5, 2015 Report Share Posted February 5, 2015 I am all for it to work - but from an income standpoint - you don't get a 1099 or anything if you profit off of price fluctuation - what a nightmare to figure this out at tax time after you did 300 transactions. Quote Link to comment Share on other sites More sharing options...
Bucky Posted February 5, 2015 Report Share Posted February 5, 2015 How is Bitcoin different from Paypal - Neteller - Moneybookers(Skrill) - etc. they have all got run out of the money transfers for gambling purposes. Why does Bitcoin want this business? Not much in the way of fees that I can see. Must be needed cash flow, etc. Suppose the DOJ comes to them and says - hey, knock it off with the gambling transactions - they will. But, what a fantastic tool if it works for money transfers for gamblers and sports books alike. Let's go back to the UIGEA act - Bitcoin is still a fidiciary account - All the DOJ has to do is establish bogus accounts and deposit and withdraw from a gambling institution and the have Bitcoin by the nuts! They can shut them down from doing gambling transactions for USA citizens. But, the DOJ is going to have a harder time getting at the money. But, rest assured, if the sports books don't get their money - the players will get charged back. If there is any way for the DOJ to seize gambling funds, they will. Might make Black Monday look a little grayer??? But, isn't that the beauty of Bitcoin - the money is supposed to be hard to get at? Encrypted - secure - whatever? Nothing good ever lasts very long - so we might as well use it while we can. I suppose all the books will say we have to take money out the same way we put it in??? So, does that put me in Groundhog Day if I don't want to withdraw from Bitcoin to my checking account??? Postup guys have to put up with a lot of BS. [h=3]Section 5363, Money Transfers[edit][/h] This section covers money transfers. The bill states "[n]o person engaged in the business of betting or wagering may knowingly accept" any money transfers in any way from a person participating in unlawful Internet gambling. This includes credit cards, electronic fund transfers, and even paper checks. But the restriction on transfers is limited to Internet gambling businesses, not mere players. It also would not cover payment processors or ISPs, even under a theory of aiding and abetting. The Act clearly does not make it a crime to knowingly transmit funds for illegal gambling. Neither the player nor the intermediary can be charged with this crime. The language of the Act even eliminates the possibility of charging financial institutions and computer hosts under a theory of aiding and abetting, since it explicitly states, in the definitions section, that being in the business of gambling does not include a "financial transaction provider," or an ISP.[17] Quote Link to comment Share on other sites More sharing options...
plommer Posted February 5, 2015 Author Report Share Posted February 5, 2015 Bucky, your post shows you are ignorant with regard to bitcoin. Bitcoin is not a business, nor is it a company or corporation, there is no headquarters etc. It can't be shut down by the government. I'm too lazy to respond to the rest of your post but would recommend reading up on the subject so as to not appear to be so uninformed. Quote Link to comment Share on other sites More sharing options...
Bucky Posted February 5, 2015 Report Share Posted February 5, 2015 Bucky, your post shows you are ignorant with regard to bitcoin. Bitcoin is not a business, nor is it a company or corporation, there is no headquarters etc. It can't be shut down by the government. I'm too lazy to respond to the rest of your post but would recommend reading up on the subject so as to not appear to be so uninformed. Anything can be shut down by the DOJ! Remind me not to ask an arrogant, lazy, CS , like you to discuss the subject! Fvck you, take your fvcking bit coins and stick them up your fat arse. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.