Is it safe to keep a large balance on Bovada? - Sports Betting

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Is it safe to keep a large balance on Bovada?

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12-15-2017 , 03:20 PM

Gallagher_

centurion

Join Date: Sep 2007 Posts: 176

I'm interested in putting mid-five-figures into Bovada via Bitcoin and I'd likely keep it there for a number of months. I'm a pretty small stakes player (I put in a couple grand a month worth of action).

Would you feel safe holding this balance there? Will there be any issues with me making deposits and withdrawals of that size when I'm a smaller player?

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12-15-2017 , 04:35 PM

banned

Join Date: Mar 2017 Posts: 1,307

Theyve always treated me well but I still wouldnt be comfortable with a five figure balance on there, or any rec book like that.

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12-15-2017 , 09:50 PM

Hammerzitzen

journeyman

Join Date: Dec 2011 Posts: 233

I fail to see the point, they limit you pretty quickly to pretty absurd stakes.

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12-16-2017 , 09:43 AM

SwoopAE

Carpal \'Tunnel

Join Date: Jul 2008 Posts: 22,249

Why put that much in if you're a small stakes player? Just throw in the minimum that youll turn over on any given day/weekend if you're a small stakes guy.

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12-16-2017 , 05:15 PM

LegendaryLurker

newbie

Join Date: Sep 2015 Posts: 36

If you never use a VPN, maybe. If you ever use a VPN (even accidental), hell no.

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12-17-2017 , 12:48 PM

SuperSwag

Pooh-Bah

Join Date: May 2012 Posts: 5,764

As long as bitcoin keeps going up you should be fine. If bitcoin tanks though Bovada will lose a ton of money and could shut down. Just be aware.

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12-17-2017 , 03:25 PM

Gallagher_

centurion

Join Date: Sep 2007 Posts: 176

Quote:

Originally Posted by SuperSwag

As long as bitcoin keeps going up you should be fine. If bitcoin tanks though Bovada will lose a ton of money and could shut down. Just be aware.

Scary thought and would defeat the purpose of me keeping my money there.

Surely they're liquidating their bitcoin into cash though?

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12-17-2017 , 07:34 PM

LegendaryLurker

newbie

Join Date: Sep 2015 Posts: 36

Dude, convert into LTC or hold on Gemini or Coinbase. Bovada is going to give you some BS about having to rollover when you're ready to cash out.

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12-26-2017 , 11:43 AM

Weenus

enthusiast

Join Date: Jul 2017 Posts: 82

Quote:

Originally Posted by SwoopAE

Why put that much in if you're a small stakes player? Just throw in the minimum that youll turn over on any given day/weekend if you're a small stakes guy.

Bovada has great dog lines so a sharp small stakes bettor will soon be a big stakes bettor.

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12-28-2017 , 03:20 AM

#10

CodythePATRIOT

adept

Join Date: Oct 2017 Posts: 1,048

Quote:

Originally Posted by LegendaryLurker

If you never use a VPN, maybe. If you ever use a VPN (even accidental), hell no.

Could u elaborate on this?

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12-29-2017 , 06:15 PM

#11

The IRS

journeyman

Join Date: Apr 2006 Posts: 241

I fail to see why you would ever want to do this on Bovada. Unless you are a huge loser you won't be able to bet amounts justifying a mid five figure balance for long. They will pay you though, there's just no reason to have the money there.

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12-30-2017 , 11:11 AM

#12

Wh1teNorth

grinder

Join Date: Jan 2015 Posts: 626

I wouldn't feel comfortable keeping anything over $1k Bovada

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12-31-2017 , 12:19 PM

#13

daringly

enthusiast

Join Date: Jul 2010 Posts: 91

I had a 30k balance there, and had no trouble getting BTC payouts. They usually took 2 days to get 5k. If you don't chase steam or play player props, you can play a long time there.

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