I have been looking for an alternative to DirectBet as well.  Has anyone found anything new?   I am open to starting an account with Nitrogensports, but my main hesitation is to have to hold BTC there.   

I was looking for an alternative where you can bet individual events and get paid out (to your own wallet on individual bets).   I am hesitant to send like 1BTC and be leaving over $4,000 on the site...and then have to process individual withdrawals every time I want to make a withdraw.   Has anyone found anything?