Video Tutorial Guide On Using Bitcoin For Sports Betting

Discussion in 'General Bitcoin Gambling Discussion' started by Humble Servant, Jan 4, 2017.

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  1. Humble Servant

    Humble Servant Active Member Staff Member

    Once you get familiar with bitcoin it becomes as easy to use as PayPal or Skrill but there is an initial learning curve. The whole thing can feel a bit alien at first but it really is worth investing a little time to familiarise yourself with this new peer-to-peer payment technology. This is an excellent video tutorial for sports bettors, poker players or casino gamers who want a simple step-by-step instructions on...
    1. How to buy bitcoin from an exchange in the United States.
    2. How to set-up your first bitcoin wallet and transfer your newly bought bitcoin there.
    3. How to open an account at a bitcoin sportsbook and send your BTC there.
    4. How to withdraw your BTC from your sports betting account back to your wallet.
     
    Humble Servant, Jan 4, 2017
    #1
  2. BeastyBoy

    BeastyBoy Member

    nice tutorial. they recommend using blockchain.info but why can't i just send my bitcoin directly from coinbase or any bitcoin exchange directly to a poker room or bookmaker?
     
    BeastyBoy, Jan 9, 2017
    #2
  3. Humble Servant

    Humble Servant Active Member Staff Member

    Because Coinbase/GDAX are based in the United States and as a result they have to follow every rule and regulation in the book or they'll be going to jail. Since online gambling is illegal in most US states, Coinbase can't be seen to be profiting by servicing offshore sportsbooks. For this reason, you should always use a "middle man" wallet to create a buffer between where you bought your coins and where you gamble them.
     
    Humble Servant, Jan 13, 2017
    #3
  4. 2damoon

    2damoon Member

    Every poker room and sportsbook so invest in one of these videos for their players. Enough money is not being invested to help technophobes master bitcoin.
     
    2damoon, Mar 13, 2017
    #4
  5. Pony

    Pony Member

    i don't understand why gambling sites recommend blockchain.info. breadwallet and mycelium are far superior.
     
    Pony, Apr 12, 2017
    #5
  6. Toast

    Toast Member

    are there any video tutorials on what you should do if your transaction gets stuck due to an insufficient fee?
     
    Toast, Jun 20, 2017
    #6
  7. Dara

    Dara Member

    Dara, Aug 23, 2017
    #7
  8. Humble Servant

    Humble Servant Active Member Staff Member

    Here's another web tutorial on how to buy bitcoin....

     
    Humble Servant, Sep 1, 2017
    #8
  9. EvilK

    EvilK Member

    hopefully in a few months these videos will be replaces by tutorial videos on how to use the lightning network.
     
    EvilK, Jan 9, 2018
    #9

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