Re: BookieBig launched! A telegram bot for betting bitcoins on sports - BTC GIVEAWAY
Yes, we're planning to expand the betting options gradually. We'll have parlays eventually but it's further down on the list. Glad to hear you're enjoying the bot! It started as an experiment so we're pleased to see so many people adopting it.
Resolving payouts faster is a priority now. In the meantime, a reminder that you can also deposit more btc! Once BookieBig receives your deposit you'll be able to bet instantly with 0 confirmations!
You're not kidding. I pressed send in Mycelium... and about 1 second later got a Telegram notification from the BookieBig bot!!?! Resolving payouts faster is a priority now. In the meantime, a reminder that you can also deposit more btc! Once BookieBig receives your deposit you'll be able to bet instantly with 0 confirmations!
I tested it out and have placed a couple more bets and they went through fine, even with 0 confirmations. Fingers crossed I can get a little payout so I can test withdrawl 
...On the subject of 0 confirmation betting, I would like to ask what happens if the transaction isn't confirmed by game time?? Will the bet stand and I'll get paid out if it wins (after the transaction confirms obviously) or will the bet simply be voided and the stake will eventually be returned to my balance?
I remember reading in another thread that sportsbooks offering 0 confirmation betting were opening themselves up to some sort of "double spend exploit", whereby a player could somehow double spend the coins used in a losing bet and send them back to themselves or something I guess... I believe this may have been related to the sportsbooks policy on how to treat bets where the funds were unconfirmed at time of even starting. So, if the bet was voided, it wouldn't matter... but if they let the bet stand, then "Bad things" could happen...
You're right about the double-spend exploit- that's one of the reasons for our conservative bet closing time of two hours before the event starts. In my experience the vast majority of legitimate transactions confirm within an hour. If your transaction didn't confirm you wouldn't be able to withdraw and you'd have to contact us to deal with on a case-by-case basis (no cases yet).
It would be good to have an explicit policy regarding confirmation and event start time. Thanks for pointing it out, will get back to you.