BetVIP is a brand new sportsbook. They claim to be the first to receive their gaming license (in Curacao).
They offer fast deposits, 24 hour or less withdrawals and a deposit bonus with a rollover that is lower than most online sportsbooks. More on that in a second.
They also have excellent customer service. They respond to most posts made in the Bitcoin Talk forums. They handle complaints and critiques well, too. In one case they even waived the rest of a player’s rollover requirements (by 50 mBTC) so that they could withdraw their funds.
And if you can’t catch them in the forums, you can ship them an email at: [email protected]. I received a reply to my email in less than 1 day (and I shipped my email over the weekend).
The biggest downside is that they stopped accepting American customers. Here are a couple of (email/forum) responses that explain why:
Unfortunately we have a ban on all US IP address for legal reasons. Though some customers who get routed through US IP’s use VPN’s like Tunnelbear. – Email
We were applying an update as we have been advised by our legal counsel to block any IP address that resolves to the United States in order to prevent prosecution of anyone involved with our project under the Wire Act of 1961. A page explaining the matter will appear should you access the site from a US IP now. We are preparing to go public with a marketing and PR campaign and had to make sure all our legal affairs were in order, – Forum
That’s unfortunate. It really is. It looks like only international players will be able to participate in their 100% match bonus with an incredibly low play through requirement. Of course if one were to read between the lines, it may seem that using a VPN would enable US residents to use BetVIP, though doing so is purely at your own discretion.
BetVIP is offering a standard deposit bonus – a 100% match on your deposit up to 1 bitcoin.
What’s not standard about the offer is the 5x rollover. To put that into perspective, most Bitcoin casinos and sportsbooks have 25-50x rollovers.
All you need to do to get the offer is email them. Then bet on matches with odds of 1.5 or higher.
Sounds good, right? Well, there are some skeptics – myself included.
The thing is, a 5x rollover isn’t good for the house. You have to wonder why they’re willing to lose all that money up front. Especially considering they come from a fiat (traditional) sportsbook background. You’d think they’d know that.
Several players brought the rollover up in the Bitcoin Talk forums. BetVIP claimed it’s just apart of their marketing budget to boost awareness for their launch. Is it too good to be true? I guess we’ll have to wait and see.