How to Use Bitcoin for Sports Betting Video Tutorial

[King_Suckerman]

Is the video at the start of the thread still up to date? In other words the basic advice still holds true.

[Optional]

Is the video at the start of the thread still up to date? In other words the basic advice still holds true.

It was unpinned as it was a getting a little dated. But the basics are all the same. The brand names talked about may be out of date.

[Psyche]

I don't get that, anyway. I am just new with this whole betting thing. I just read them in freeBettingReviews, they actually had a good source of different trading platforms. I just heard from my forex mentor about betting using bitcoin and I'm just wondering how?

[Eddy Munny]

So if Blockchain.com is now an exchange/wallet, how does it differ from Coinbase, which is also an exchange, and why do you need both?

[comet52]

I was going to reactivate my old Bookmaker account for NFL season but discovered they now only take deposits via crypto (is this true or am I missing something?) They have a pdf tutorial here: https://www.bookmaker.eu/pdf/crypto/COINBASE.pdf

Now I'm looking through this thread and seeing a lot of people say don't use Coinbase without a wallet, so why is BM putting forth that method?

Frankly I really don't want to mess with crypto, mainly because I don't want to buy "money" and wake up tomorrow and find out it lost a bunch of value. I also don't want to spend the headache time figuring out all the ins and outs of wallets and so on. If there is a simple, safe, fast way to do this I'll do it but so far, investigating this is only making me more confused.

Any advice appreciated.

[kimwash78]

I was going to reactivate my old Bookmaker account for NFL season but discovered they now only take


deposits via crypto (is this true or am I missing something?) They have a pdf tutorial here: https://www.bookmaker.eu/pdf/crypto/COINBASE.pdf

Now I'm looking through this thread and seeing a lot of people say don't use Coinbase without a wallet, so why is BM putting forth that method?

Frankly I really don't want to mess with crypto, mainly because I don't want to buy "money" and wake up tomorrow and find out it lost a bunch of value. I also don't want to spend the headache time figuring out all the ins and outs of wallets and so on. If there is a simple, safe, fast way to do this I'll do it but so far, investigating this is only making me more confused.

Any advice appreciated.

Don’t use bitcoin at all unless for investing purposes
Between fees to send and price about to go up
Not worth it

[DontTailMe]

Now I'm looking through this thread and seeing a lot of people say don't use Coinbase without a wallet, so why is BM putting forth that method?

Pretty much all offshore books recommend it because it's much easier for them. But at the same time, it's far better for players too. It's not that difficult to learn, and once you do, it opens up a whole new world of headache-free deposits and withdrawals at sportsbooks. Fast, cheap, and no possibility of banking issues. You get and address and you send it there...done.

Frankly I really don't want to mess with crypto, mainly because I don't want to buy "money" and wake up tomorrow and find out it lost a bunch of value.

This should not really be a concern. Unless you play at a sportsbook which carries your balance in BTC (such as nitrogen or some newer Bovada accounts), you're only holding the crypto for as long as it takes to transact with the sportsbook. Sure, if you buy the coins and then let them hang around in your wallet for several days, there's a greater risk that a large price fluctuation might happen. But if you just send it immediately to the book, that risk is quite low. And there's a ~50% chance that your value goes up an incremental amount instead of down.

[BetterBizness]

And there's a ~50% chance that your value goes up an incremental amount instead of down.

We're gamblers... I mean... worrying about a daily flux is normal and for when I've cashed out, basically you win some, you lose some. The ease of use is far better than most other options.

[DontTailMe]

We're gamblers... I mean... worrying about a daily flux is normal and for when I've cashed out, basically you win some, you lose some. The ease of use is far better than most other options.

Not everyone wants to gamble on crypto though. All I'm saying is that it's something that can be controlled if the player so desires. You can use bitcoin for transacting without being all in on crypto.

I dabble in crypto. But that doesn't mean that I want my entire bankroll sitting in it.

[MrMiami]

Hey guys, looking for some help/confirmation. I want to take advantage of the great heritage bonus offered but have not used crypto to fund accts. I want to bite the bullet and fund this way.

Can you confirm this is the right order to do this? The original video is very old and think I got it reading through these posts but want to confirm:

Bank>Coinbase>Blockchain Wallet>Sportsbook?

what confuses me is when I go to Blockchain site it says you can Buy/Sell Bitcoin but I thought that was the purpose of Coinbase and that Blockchain was just a middleman wallet to hold the Bitcoin for transfer to Sportsbook?

appreciate the help

[kimwash78]

[QUOTE=MrMiami;30518995]Hey guys, looking for some help/confirmation. I want to take advantage of the great heritage bonus offered but have not used crypto to fund accts. I want to bite the bullet and fund this way.

Better off saving your money or depositing diff method but make your own decision
10x rollover too much when so many other books offering 1x rollover
If and when bitcoin goes up you will be losing out on money that’s why it’s bitcoin only on deposit not another method

[MrMiami]

[QUOTE=kimwash78;30520023]

Hey guys, looking for some help/confirmation. I want to take advantage of the great heritage bonus offered but have not used crypto to fund accts. I want to bite the bullet and fund this way.

Better off saving your money or depositing diff method but make your own decision
10x rollover too much when so many other books offering 1x rollover
If and when bitcoin goes up you will be losing out on money that’s why it’s bitcoin only on deposit not another method

What places have 1x rollover that you recommend?

[kimwash78]

[QUOTE=MrMiami;30520243]

All u s books have it Florida will be legalized mid October if u can wait
Atleast 90% have 1x rollover ,but if you can’t do any of those, try not use use bitcoin. Anybody who deposits via bitcoin is just gambling for the addiction as
The fees are crazy plus losing when bitcoin will skyrocket and will happen soon enough.

What places have 1x rollover that you recommend?

[petey7979]

I go straight from coinbase to book. Have done this over a 100 times with no issues. I use litecoin though. If Heritage had this option I would go back to them.

[DontTailMe]

I go straight from coinbase to book. Have done this over a 100 times with no issues. I use litecoin though. If Heritage had this option I would go back to them.

Do this if you want, but don't recommend newbies to do it please. It can catch up with you eventually. There are threads with people crying over losing their account, thinking it couldn't happen.

[Optional]

Hey guys, looking for some help/confirmation. I want to take advantage of the great heritage bonus offered but have not used crypto to fund accts. I want to bite the bullet and fund this way.

Can you confirm this is the right order to do this? The original video is very old and think I got it reading through these posts but want to confirm:

Bank>Coinbase>Blockchain Wallet>Sportsbook?

what confuses me is when I go to Blockchain site it says you can Buy/Sell Bitcoin but I thought that was the purpose of Coinbase and that Blockchain was just a middleman wallet to hold the Bitcoin for transfer to Sportsbook?

appreciate the help

If you purchased via the Blockchain.com third party exchange service, you would then to send to a different private wallet before the book. You are just using Blockchain as an anonymous personal wallet in this case. If you signup for their exchange service you are giving ID and agreeing not to use it for gambling as well. Also Blockchain service costs more anyway.

The info in the video remains relevant in the respects you are talking about.

[MrMiami]

This was so easy. Appreciate everyone’s help.

[A4K]

Can I send straight from Bookmaker.eu to my Meta Mask Wallet or Crypto.com? Or do I still need to use blockchain as an intermediary?

[CiVault]

I have a friend who is a crypto gambler but he had to take a break because his crypto wallet was blocked mainly because it detected the deposits were from an online casino. I am not sure what wallet he's using right now.

[ChuckyTheGoat]

I have a friend who is a crypto gambler but he had to take a break because his crypto wallet was blocked mainly because it detected the deposits were from an online casino. I am not sure what wallet he's using right now.

CiV, thx for the post.

That's a little bit of a strange comment (IMHO). I say that b/c the main idea behind crypto is to steer clear of centralized regulation. The wallets that most users advocate would be self-sovereign.

If he's using Coinbase, I think your statement could be true. Coinbase probably doesn't like deposits that are linked to Gaming sites. That's b/c Coinbase eventually probably has to report to the US govt.

[pavyracer]

It is nearly impossible to fund an offshore account now either with bitcoin or credit card. Will have to go back to the old ways of ** at Walmart.

[mtofell]

It is nearly impossible to fund an offshore account now either with bitcoin or credit card. Will have to go back to the old ways of ** at Walmart.

Please enlighten me..... What are the old ways at Walmart? I just spent the morning trying to fund my Bovada account through Crypto and am ready to put my foot through my computer screen. What a PITA!!!!!! Wallets, apps, accounts, xfers between all those, etc., etc.

I've used my credit card in the past but (not) surprisingly my # gets jacked within a month after each deposit. Are you maybe talking about a prepaid card? Will that work?

[pavyracer]

Please enlighten me..... What are the old ways at Walmart? I just spent the morning trying to fund my Bovada account through Crypto and am ready to put my foot through my computer screen. What a PITA!!!!!! Wallets, apps, accounts, xfers between all those, etc., etc.

I've used my credit card in the past but (not) surprisingly my # gets jacked within a month after each deposit. Are you maybe talking about a prepaid card? Will that work?

It starts with money and ends with gram.

[raiders72001]

$ books aren't good at covering their tracks. Crypto books are a little better at it. Change deposit address every time. With Betcoin I have ETH in Metamask and keep my balance in ETH since I'm high on ETH. When we are in the middle of the bull market I'll switch to a small cap. Then at Nitro keep it in BTC.

[sebastimou]

I didn't know this, thank you very much for the advice. normally I don't change crypto addresses but I think it's the best thing to do.