Informational Purposes Only

We do not encourage or condone gambling where it may be against the law.

Recent Posts

Cleveland Opens as Chalk for First Time in Two Seasons

September 21, 2017

NFL Scoring Down to Low of Seven Years

September 20, 2017

Is the Season Over If An NFL Team Starts 0-2?

September 19, 2017

College Football Week 3 Betting Recap

September 18, 2017

Ratings for NFL Week 1 Down, Could Legalized Sports Betting Help?

September 17, 2017

Two Straight Road Games to Start the Season Tough on NFL Teams

September 16, 2017

NFL Week 1 Saw Little Offense and Week 2 Starts the Same

September 15, 2017

What Are the Types of Non-Sports Betting Online?

September 14, 2017

Tom Herman Teams Highly Successful Versus Ranked Opponents

September 14, 2017

SBA Endorses Brand New Sports Betting Book

September 13, 2017

Sooners Shuffle National Championship Odds

September 13, 2017

Wagering Myths About Early Season Football

September 12, 2017

Youwager Sportsbook

Transfer Business Fails to Credit Trader’s Bitcoin Account, Bitcoin at $1,000

February 13, 2017

A report has been posted online by a sportsbook rating site that Bitcoin transfer company Tether.to stiffed a trader of the cryptocurrency out of more than $113,500.

Apparently the trader attempted to make a transfer to Tether from Bitfinex. The report says that Bitfinex made the initial transfer and that Tether received the funds but then refused to credit the account of the trader.

A short time after the incident occurred, it was reported that Tether stopped all response to inquiries. The bitcoin trader is now in the process of speaking with the attorney general in the state in which he lives and filing a lawsuit against Tether.

Nevertheless, if Tether is moving towards shutting down, any legal action may be too little too late.

The sportsbook rating site said that traders should not deal with Tether and if they have balances in accounts at Tether they should try to draw down their balance.

Bitcoin is currently trading at approximately $1,000 to one U.S. dollar following a slight downward swing after it was reported that two major exchanges in China would be suspending their payouts temporarily for one month because of compliance issues.

Bettors who use the bitcoin as a way to withdraw or deposit have not been affected by the Bitcoin’s short term drop in value.

Players making transfers in that way are protected from the downswings in the value of bitcoin, while players using betting sites that are bitcoin exclusive are the ones exposed to fluctuations in bitcoin value against the dollar.

A number of online sports betting sites have tutorials that educate the sports bettor on how to best use the bitcoin as the digital currency is becoming more and more popular with online sportsbooks and sports bettors.

Comments are closed.