Pinnacle now accepts bitcoin

[Sherlock]

It is through bitpay it seems, but still great great news.
Someone asked here about nonUS programs accepting BTC, so this is one of them from now. Since they pay to players accounts it means they will pay affiliates through BTC as well.

[Malikbhai]

Is pinnacle better than bet365 now?

[mgaming]

For pro punters - yes. For recreational ones - no.

[Sherlock]

Too early apparently: Please note we don't have Bitcoin available yet as a payment method.

But here it is listed: https://www.pinnacle.com/en/payment-options/bitpay

[matthewt]

So, how does the Bitcoin payout work, to affiliates? Could you describe this to someone who knows almost nothing about bitcoin. Please do not use unknown terminology, and do not assume anything.

[universal4]

https://www.gpwa.org/forum/bitcoin-c...lockchain.html

Start your reading there

Many of the discussions between Sherlock, Gooner and a long list of others have provided a wealth of information regarding pitfalls to avoid, as well as wallets and exchanges and much more.

Let's allow this thread to stay on track with the use of Bitcoin at Pinnacle

Rick
Universal4

[Sherlock]

It is hard, but I will try.

1st you have to decide where you will withdraw. Either it is an exchange where you can change later the BTC for USD or other normal money (disadvantage: the exchange might be against gambling and might refuse to cooperate, but the chances of it are relatively low); or it is your own wallet, where you can store BTC for free - the wallets are more kinds (online [as online account], desktop/mobile [software that runs on your device], hardware [small HW connected to your computer]).

In all cases (exchange or wallet) you will somewhere see some string of random characters [e.g. 145Yp5jRVnf8bix9wWYSQoLFChbPxZpeNf]; that is called the bitcoin address. You will withdraw to that address the bitcoins and that is it. You simply put there the address and amount in the cashier, like when you are asking for a bank wire for example, but here you need just the address.

This is however extremely simplified.

Edit: yes, continue in the thread above

[MMM]

Hey Sherlock,

Tried to PM but your storage is full so you can't accept PM's...

[Moonlight Cat]

Is pinnacle better than bet365 now?

I am not the big expert in sports betting, but as i know Pinnacle (PinBet88 ) and several asian bookmakers as MaxBet (former IbcBet), SingBet, BetISN, GA288 (GalaxyBet), SBObet - is the leaders on sports betting turnover.


Pinnacle (Pinbet88 ) is #1 in the world line maker for Football (Soccer). Pinnacle and Asian sportsbook have very high bet limits for players. Some of them are private, some unlicensed, but they are more honest than some regulated and licensed. And they get players the best service.

[Ladiepre]

Great move by pinnacle. Online casinos need to start using cryptocurrencies, you know, move with the times. By the way, even Gunsbet is now accepting US players as long as they use Bitcoin.

[Sherlock]

Pinnacle is or at least was very different. They are serving as main liquidity market for NFL/US sports as well. They are a bookie for bookies. Many local US bookmakers hedged their positions at pin and gave them liquidity. There was an affair years ago, but after pin closed doors to US customers, where was revealed that they (probably) did not withdraw from US market completely.

After all if they have 5 or even 6 figures limits on NFL and low vig lines, they simply must have huge US marketshare in one or another way.

Nitrogensports, which is pure BTC book, copy their lines and set them 1 cent lower. Maybe they are directly their spinoff. But once Pinnacle starts accepting btc and maybe later will allow BTC as currency, then Nitrogensports will no longer have sense to exist / be promoted.