Your account is immediately credited as soon as the tx is detected on the network. 0 confirmation means instant betting at Sportsbet. Special, eh?
Cool, I am just having trouble interpreting that highlighted bit.
Say I send a bitcoin transaction to my Sportbet.io account, and it gets instantly credited with zero confirmations. I bet, and I win the bet, the transaction then gets confirmed after for a few hours and I attempt to make a withdrawal. Is this when sportsbet decides to lock up my account, citing this double spend clause?
I always thought double spending meant something else
It is written poorly, I agree.
That being said I am using that perk all the time and never had problems. Just make sure to send BTC with big enough fee that it confirms in reasonable time, let's say 6.5-7 sat/byte would have been perfect this last week. My deposit usually confirms before my ticket finishes. Once or twice I couldn't withdraw and then I have seen it did not confirm yet and had no problems withdrawing after that confirmation passed.
I actually accidentally created double spend once. Wrote about it here in the forum. In short ledger live application is stupid and it doesn't know it has sent your funds to change addy and tries to spend them again from addy where they aren't any more. I am not using ledger live ever again after that incident. I had no problem with my account apart from spending whole day figuring out what happened, live chat was not equipped for blockchain analyses I needed but when I figured it by myself and just asked them to void that double tx from my account everything was fine.