How much bitcoin do you leave in your casino or sportsbook account?

Since most btc casinos and sports betting sites allow unlimited free withdrawals each month, I was wondering how much money you guys leave sitting in your accounts? Do you request a withdrawal at the end of each session or do you leave thousand of dollars sitting there?

 

I have over 5 thousand dollars in my Bovada account and probably less than three hundred dollars in my CloudBet account. Maybe one day I'll trust bitcoin sportsbooks as much as I trust regular online sportsbooks but it will take a few years.

 

I never leave more than 1 BTC in any gambling account. Same goes for exchanges too.

 

good point! since the hack i've reduced the bitcoin i carry in my hot wallet to less than 1 btc.

 

less than $500 worth. the rest is split between a keepkey, ledger nano and trezor.

 

It would be good if gambling sites introduced multi-sig wallets like BitGo so you could be sure the money in your account doesn't just disappear.

 

After the BitFinex hack and the lack of a proper explanation as to what happened, I will never use anything associated with BitGo.

 

During the NFL season I has about $500 in my Nitrogen account but now that they Super Bowl is over I've withdrawn most of it. I'll probably redeposit most of it again for the NFL pre-season.

 

I've had to make 2 withdrawals in the past month because the price has doubled. People should keep an eye on the price because they may be holding a lot more in their player accounts than they think.

 

I have a similar problem with the bitcoin wallet on my iPhone. I have a rule to only keep $200 in my breadwallet but because the price keeps rising, I have to send some of the bitcoin from my wallet to cold storage every couple of weeks. Not a bad problem to have I guess

 

do any bitcoin sportsbooks or casinos have bitgo multi-sig enabled like many exchanges do? it would be good if the money in your account couldn't be moved without your second private key authorizing it.

 

Transaction fees have gotten so large that I have started leaving more bitcoin in my betting account than is sensible because I don't want to pay $40 to make a deposit or withdrawal. The sooner the Lighntning Network is released the better, I'm sick of paying high fees and waiting hours for transactions to confirm.

 

the bitcoin price has dropped 70% in the last few weeks so i wish i'd cashed out more when it was at $20,000. hopefully we'll get back there again soon and next time i won't be so greedy.

 

I wished I cashed out more also. The bitcoin in my betting account is worth about 60% less than it was a few months ago. Luckily I don't need the money right now so I'm going to wait until this crypto bear market is over and the price gets back to $20,000 before I convert to dollars.

 

i'm surprised more crypto gambling sites are not hacked considering they must be holding thousands of coins. why do hackers focus on exchanges and not betting sites?