Quote from: fortunecrypto on Today at 01:12:41 AM

Quote from: deathes on December 06, 2020, 11:43:41 AM

Which leads me to the question, are there any reputable bitcoin sports betting exchange sites? And will they suspend/restrict my account too if I profit too much although they won't be affected by my winnings so logically they shouldn't care about it. In fact, since the pool and liqudity get bigger they should even support it. So, is it really the same case with bitcoin exchange sites too so that I should give up betting if I plan on winning in the end?

There are a lot of reputable bitcoin sports betting exchange sites and they are and they are of the majority here, you just have to spend some time to research their reputation and see if it suits your preference, you are not really that good to win all the time and take down the whole gambling site, if you are playing in a big and reputable gambling site, you can win a big amount and cash it out.
I have seen big winnings cashed out, they will not suspend or restrict your account as long as you are playing fair, and they should be happy that the players able to cash out a big amount, it's a good promotional too.

So far I've only seen Fairlay and Exbet. Exbet has very little liquidty. Fairlay's decent but I think there's a conflict of interest there too. I read a post somewhere else about Smarkets and I think it may apply to Fairplay also. Here's a part of it.

Quote

It seems much of it stems from their use of market-makers who either work for Smarkets or work on their behalf who provide (artificial) liquidity to the exchange. So that when you are betting there, chances are you aren't betting with other customers but with Smarkets themselves. This of course creates a conflict of interest between the exchange and their customers, because you are betting directly against the exchange.

I've only been using them a short while but already I've witnessed their tricks, just because I have the audacity to win off them. Some of the tricks they do include:
(1) They use their liquidity providers to mimic Betfair prices. So you're not betting with other customers but with the exchange directly, which is a similar situation as with a regular bookmaker. Sometimes you can bust their risk limits, and you get the ridiculous and pathetic situation of what appears to be a liquid market with loads of participants turning into an empty market with about 5 orders. A high proportion of their revenue now comes from proprietary trading and I know they're recruited a lot of people into that area.

So far I'm testing Fairplay but it feels like their liqudity is artificial (provided by their guys) and eventually there'll be a conflict of interest between me and them if I profit consistently.

Any bitcoin exchanges besides Fairplay or do you think their liqudity is 100% natural?

deathes

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