Post
Topic
Board Gambling
Re: DirectBet – LIVE Sports & Horse Racing Betting. Instant Payouts. BTC Rewards
by
DirectBet
on 03/04/2014, 04:48:12 UTC
Just figured I would point out you hold bitcoins longer than other sites. Lets use nitrogen as example. I can deposit instantly, place the bet, and withdraw instantly. On your site you hold the coins for quite a long time as you require a lot of confirmations. The juice and odds on your site are horrendous. No offense, but a lot of work to be done.

Bets are settled automatically within minutes of the event completion.

Before we issue a payout, we first wait for 6 confirmations to appear in the Bitcoin network for your initial bet transfer, as recommended by the Bitcoin protocol, to ensure that we actually received it permanently, as transactions are irreversible.

Usually, by the time the game is over, there are already more than 6 confirmations so that's not an issue. In other times, it's just a matter of a few more minutes.

Overall, since we settle bets so quickly, the holding of your wager is kept to the minimum, and you don't need to login and manually request a withdrawal, it is sent back to your Bitcoin wallet automatically, so your Bitcoins are in your control as much as technically possible.