Bitcoin

Bitcoin: How it Works for Betting Online

Most online betting sites have now incorporated the anonymous digital currency Bitcoin with great success, however, only about a quarter of the wagering population actually know how it works.

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Submitted by Aaron Goldstein on, Nov/21/2015

How Bitcoin Works

What is Bitcoin? How do they work? Why they are gaining so much popularity? These are some questions which come into mind when we talk about Bitcoins. Bitcoins are a form of currency which is decentralized. Means that Bitcoins are crypto currency and government does not regulate them nor any financial institutions are involved. Bitcoins are preferred by most of people; the reason being it does not require any paperwork and long formalities like presenting ID proof and other documents as we need to open a bank account.

Submitted by Payton on, Aug/25/2015

中文代理與玩家刮起比特幣充值浪潮

自從加入了匿名貨幣比特幣轉賬方式,PayPerHeadAgents.com的代理服務業務有所增長。尤其對中文玩家而言更為明顯。

世界最大規模的比特幣交易所BTCChina的首席執行官 Bobby Lee說:“這都是關於貿易,關於波動性,關於盈利 - - 低價買入,高價賣出。”

上週CNN採訪了Lee並報道了比特幣使用現象。PayPerHeadAgent.com的代表Federico Gomez則表示,現在是時候推廣比特幣服務在博彩業的廣泛使用。

他告訴Gambling911.com整體行業是不願意提供比特幣服務。但首次收到有更多玩家使用並增長達百分之十時是由Gambling911.com提供的消息,通過這消息我們能更快整合我們的數據。

Gomez並沒有評論已經使用比特幣的用戶的百分比,但他表示數字非常樂觀。

PayPerHeadAgent’s表示其中一大部分使用者可能是來源於中國玩家或華裔。

CNN指出在中國地區,比特幣已經迅速普及。可能是因為它擁有世界上最高的智能手機普及率。據Goldman公司一份報告稱,大約有80%的比特幣交易量都是人民幣兌換。

Submitted by BOJING CHOW on, Aug/12/2015

Bitcoin Hot With Chinese Gamblers, Bookies, Pay Per Heads

Ever since adding the anonymous digital currency Bitcoin, Pay Per Head service PayPerHeadAgents.com says its business has increased.  Nowhere is this more obvious than with the Chinese gambler.

It's all "about trading, about volatility, about making a profit -- buy low, sell high," said Bobby Lee, CEO of BTCChina, the world's largest Bitcoin exchange.

Submitted by Aaron Goldstein on, Aug/12/2015

Bitcoin Online Gambling Site Primedice Hacked for One Million Dollars

Bitcoin online gambling website Primedice.com claims it was hacked out of $1 million and has offered a reward to anyone who can locate the culprit and all stolen funds.  The player reportedly exploited its random number generator last year.  The site identified the alleged Bitcoin thief as one Hufflepuff.  This individual was said to be betting upwards of $8,000 in bitcoin every second for hours.

Submitted by Aaron Goldstein on, Jun/29/2015

Bitcoin Sportsbook BetVIP.com Shuts Down

A Bitcoin-only online sportsbook, BetVIP.com, has closed its doors this week citing financial issues. While the company claims players will receive all funds owed to them, that remains to be seen.

BetOnline

The following notice appeared on the BetVIP.com website

Submitted by Aaron Goldstein on, Jun/15/2015

Bitcoin Online Sports Betting: BetPhoenix Begins Offering Option and Big Bonus

BetPhoenix.ag, the nearly ten-year-old online sports betting site based out of San Jose, Costa Rica, which has seen its business more than double in the past year, has now joined the ranks of sportsbooks offering the anonymous digital currency Bitcoin.

Submitted by Aaron Goldstein on, Jun/13/2015

Wizard of Odds Analyzes Bitcoin Gambling

Internet betting information site Wizard of Odds has been tackling the world of Bitcoin in the online gambling industry, bringing about an informational guide on the subject.

Submitted by Payton on, May/25/2015

Any Online Sportsbooks Accept Bitcoin for Mayweather-Pacquiao Fight?

BetOnline is the latest online sportsbook to accept the anonymous digital currency Bitcoin and will be doing so for the Mayweather-Pacquiao fight.  They have been a long time sponsor of the Gambling911.com website.

Submitted by C Costigan on, Apr/30/2015

BetOnline Becomes The Latest Big Online Sportsbook to Introduce Bitcoin

With the start of the NCAA Tournament last week, online betting giant BetOnline.ag saw more March Madness players in on the action than ever before.

Submitted by Press Release on, Mar/26/2015

Bitcoin-Only Online Poker Room Seals With Clubs Closes After ‘Sledgehammer’ Raid

The largest of the Bitcoin-only online poker rooms, Seals With Clubs, has unceremoniously closed its doors following a raid of CEO Bryan Micon’s Nevada home.

Submitted by Nagesh Rath on, Feb/22/2015

Bookmaker Looks for Boost With Morgan Spurlock ‘Inside Man’ Bitcoin Survival Piece

CNN’s Morgan Spurlock “Inside Man” plans to take us inside the world of anonymous digital currency Bitcoin on Thursday February 19, 2015 at 9 pm EST and online gambling site Bookmaker.eu is hoping to capitalize on what will likely be a mini-surge of sorts on folks trying out the mysterious currency.

Submitted by Aaron Goldstein on, Feb/13/2015

Unregulated Bitcoin Could Soon Become Regulated in New York, California

New York’s Department of Financial Services came out with a revised set of rules to regulate companies that buy, sell, hold, and transfer bitcoin and other virtual currencies.

Submitted by Aaron Goldstein on, Feb/04/2015

Bitcoin Sportsbook For Super Bowl 49: The Importance of the Bookmaker News

Many fans of Bitcoin, the anonymous digital currency, may not have fully grasped the importance of Bookmaker.eu announcing its new Bitcoin sportsbook platform this past week. To say this is the biggest news related to the marriage of Bitcoin and online gambling would be an understatement.

Submitted by C Costigan on, Feb/01/2015

Bookmaker Offers Bitcoin Just in Time for Super Bowl XLIX

San Jose, Costa Rica –The hype for Super Bowl XLIX between the New England Patriots and Seattle Seahawks is reaching a fever pitch, and Bookmaker.eu is making its own worldwide headlines by now accepting Bitcoin for both deposits and withdrawals.

Submitted by Press Release on, Jan/30/2015

BetDSI.com Begins Offering Bitcoin as Payment Option

BetDSI.com, one of the biggest and most established online sportsbooks, has officially opened Bitcoin as an option for all members just in time for the Super Bowl.  As always, you can claim up to $2500 in free cash when joining BetDSI.com.

Submitted by Press Release on, Jan/28/2015

Nitrogen Sports Bitcoin Book to Begin Accepting US Dollars

Nitrogen Sports is beginning to distinguish itself from one of those many fly-by-night “Bitcoin-only” books that have come and gone with the drop of a….well, the drop of the anonymous digital currency’s price.  A great number of these so-called sportsbooks existed only to take advantage of the dramatic swings in Bitcoin's price, benefitting from upward mobility.  Those days appear to be over.

Submitted by Aaron Goldstein on, Jan/28/2015

Bitcoin Will Explode to Beyond $1 Trillion

The anonymous digital currency known as Bitcoin is set to explode beyond $1 trillion, so says those famous Winklevoss twins.

Tyler and Cameron Winklevoss, best known for their legal battle with Facebook founder Mark Zuckerberg, are both major investors in the crypto currency.

Submitted by Aaron Goldstein on, Jan/27/2015

Bitcoin is 10 Percent of Americas Cardroom’s Business Right Now Reveals CEO

Americas Cardroom CEO Phil Nagy tells Gambling911.com, the anonymous digital currency Bitcoin has thus far impressed at his online poker business.

“Bitcoin is doing good for us,” he told G911 this week.  “It is 10 percent of our overall business right now.”

Submitted by Aaron Goldstein on, Jan/16/2015

Americas Cardroom Officially Begins Accepting Bitcoin Deposits

San Jose, Costa Rica – Getting money onto an online poker account has now officially become more convenient. Leading US online poker site Americas Cardroom today announced a groundbreaking move in payment processing. The poker site today becomes one of the first poker rooms to accept Bitcoin for deposits, with maximum daily transactions as high as $1,000 and minimum deposits as low as $5.

Submitted by Press Release on, Jan/09/2015

Bitcoin or Bit Con: $730 Million Bitcoin Heist May Have Been Inside Job

As more and more online gambling websites mull over the anonymous digital currency bitcoin, there appears to be good reason why said companies have had reservations up to this point.

Business Insider in the UK reports that Japanese authorities are investigating whether a $730 million heist this past year could have been an inside job.

Submitted by Aaron Goldstein on, Jan/05/2015

CNN Live Twitter Chat Thursday: The Future of Bitcoin

CNN is scheduled to discuss the topic of Bitcoin’s future in a live Twitter chat Thursday December 18, 2014 at 12 PM EST @CNNTech.  The anonymous digital currency has finally begun to catch on in the Internet gambling community after a long period of resistance.  A number of mainstream outlets are also starting to take notice.

A panel of experts have been assembled to discuss Bitcoin.  They include:

Submitted by Aaron Goldstein on, Dec/17/2014

Silkroad Founder Accused in Six Murder-for-Hire Plots: PokerStars to Offer Bitcoin?

With online gambling sites only now beginning to jump on the Bitcoin bandwagon (quite possibly PokerStars among them), some of the earlier Bitcoin startups are currently facing scrutiny, the most notorious of them all being drug bazaar Silkroad.

And now the founder of that underground company, Ross Ulbricht, is alleged to have set up at least six murder-for-hire plots.

Submitted by Aaron Goldstein on, Dec/09/2014

From Poker Player to Bitcoin Miner: Chris McAlary Talks Coin Cloud ATM

Chris McAlary tells CalvinAyre.com he decided to start the Bitcoin mining website Coin Cloud ATM following the events of April 15, 2011 in which three of the world’s largest online poker sites were forced to make abrupt exits from the US market, a result of indictments leveled against several key executives from each company.

Submitted by Aaron Goldstein on, Nov/30/2014

Michael Mizrachi Launching Bitcoin Online Poker Site

One of the biggest names in poker, Michael Mizrachi, has announced plans to open his own bitcoin online poker room.

In an exclusive interview with the online gambling industry trade website CalvinAyre.com, Mizrachi revealed his decision to get in on the operating side of things in light of all the difficulties in securing sponsorship deals.

Submitted by Nagesh Rath on, Nov/28/2014

Americas Cardroom to Implement Bitcoin Withdrawals Next Week

Americas Cardroom CEO Phil Nagy confirmed Wednesday evening that the popular online poker room plans to roll out its Bitcoin withdrawal platform some time during the first week of December (an exact date was not immediately known).

“We were working on this today and should have the withdrawal functionality ready by next week,” Nagy said during a four hour live streaming Q&A format broadcast on Gambling911.com Wednesday evening.

Submitted by Ace King on, Nov/27/2014

Bitcoin Set to Revolutionize Online Gambling

The average price of Bitcoin has settled in between $400 and $500 without the extreme upswings and downswings we witnessed earlier in the year, suggesting stabilization of the anonymous online currency.

Submitted by Aaron Goldstein on, Sep/25/2014

$5 Billion in Bitcoin Fantasy Sports Contests Annually: Victiv.com Joins the Fray

Bitcoin + Daily Fantasy Sports contests could amount to big bucks.  Try $5 billion.

Fantasy Sports has always seemed like a promising area for Bitcoin acceptance, suggests Kenny Spotz of the CoinTelegraph.com.

Submitted by Aaron Goldstein on, Sep/18/2014

Where Can I Bet on Football Online With Bitcoins?

You can bet NFL Football and College Football using bitcoins at SportsBettingOnline.ag here.

Submitted by Don Shapiro on, Sep/04/2014

Is a Bitcoin Online Gambling Boom on the Horizon?

CoinDesk.com featured an interesting piece on Tuesday suggesting that the bitcoin gambling boom is only getting started.

Submitted by Aaron Goldstein on, Sep/02/2014

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Fred Done Pays Out on Man City: ‘Painful for the Heart and the Wallet’

Fred Done Pays Out on Man City: ‘Painful for the Heart and the Wallet’

“This is painful both for the heart and the wallet but after winning at Old Trafford there is no way no one is closing that 11 point gap,” BetFred.com founder Fred Done said Monday. “This hurts but the Blues look unstoppable so I’m giving the punters who backed them an early Christmas present.”

Bitcoin Futures Start Trading on CBOE Exchange

Bitcoin Futures Start Trading on CBOE Exchange

The newest way to bet on bitcoin arrived on Sunday, with futures of the cryptocurrency that has taken Wall Street by storm starting trading for the first time.