Fixed Odds Bets Now Available

CoinRoster now offers fixed odds betting functionality. This means users can place bets knowing the odds displayed are the odds you get when the bet is settled. As we rushed to get this functionality out to users, the interface is pretty clumsy, so there a few cues to use when identifying a fixed odds bet. Look for the “Amount Left to Wager” value, if this text is displayed, the amount left to wager is listed. This is the maximum payout available to bet, so if the Amount Left to Wager is 1 BTC, and the highest odds available are 10, then the most a user can bet is 0.10 BTC. Another way to identify a fixed odds bet is to look at the amount wagered for each outcome compared to their respective odds. In a parimutuel pool, the odds are determined by the amount bet on each outcome, but with fixed odds the odds “are fixed” regardless of the amount bet. So to identify a fixed odds bet, compare the amount bet and odds of each outcome.

When we created CoinRoster, we were looking for ways to add betting functionality while not taking the financial risk of backing user bets. We decided to offer parimutuel pool functionality to allow users to bet on outright outcomes, but while parimutuel pool betting does have some advantages, it also frustrates most of us who are used to fixed odds bets. Its annoying to place a bet in a parimutuel pool, only to see the odds change before the event goes live.

Fixed odds betting solves the problem of floating odds. When users place a fixed odds bet, they are assured their odds remain the same, whatever odds the bet was placed for also becomes the odds the bet pays out at. For CoinRoster, the challenge with fixed odds is someone needs to take the other side (to take the risk of fixing the odds), and since CoinRoster has been bootstrapped, we don’t have the cash to back bets our own bets, so we launched user generated fixed odds bets so that the users themselves generate their own odds.

You can create you own bets on CoinRoster by creating a contest with fixed odds. You will need to post the collateral required to satisfy the maximum risk your bet implies, but its up to you to set your own odds in a way that is profitable for you and guarantees a spread of profit. As a user, when you place a fixed odds bet, your payout is always at those same fixed odds. Users who make fixed odds bets will not pay any additional rake. But for creators who post fixed odds bets, profits (the difference between what collateral you post and what winnings you keep) are raked at 5%.  Keep this in mind when posting your fixed odds bets to ensure your bets are both fair and profitable.

NHL Hockey Fantasy is Back!

Its been a long summer, but now CoinRoster daily NHL fantasy begins tonight!

This season, we’re running daily fantasy contests on early games, and if there’s enough interest, we will also post late games. The format will be the same as last season, scores are based on points, and users can draft an unlimited number of rosters with an unlimited number of players, as long as they stay within the salary cap.

We’re setting draft prices based on historical points per game for this season. So an obvious strategy is to find players that are likely to perform above their average on any particular game. Good luck!

 

100% Bonus on First Deposit

Users who deposit bitcoins on CoinRoster will receive a bonus of 100% match on their first deposit up to 0.10 bitcoins. Users must play their bonus funds 20x before being allowed to withdraw.

This means that if you deposit 0.10 bitcoins on CoinRoster, we will give you another 0.10 bitcoins as free play. This promotion is a great way for new users to get more bang from their wagering buck.

Click here to sign-up

To make a deposit and take advantage of the 100% match offer, login to your account and choose “My Account” from the top menu, then follow the deposit procedure by clicking on the green deposit button on the left side menu of the My Account page. After your deposit is confirmed, visit the My Account page to take advantage of the offer.

If you have questions about how to take advantage of this offer, please e-mail management@coinroster.com

JB4times4 & slptransam winners in the Scottish Open & John Deere

Congratulations to user JB4times4 for winning our Scottish Open fantasy contest last week. First place took down 0.0171 bitcoins. We posted a short player pool with only a handful of the top players to choose from for the Scottish Open. Making the cut turned out to be difficult, the rosters that cashed had more than one cut player. Last week’s winning user jesscoin had a roster with only one cut player (which was best in the pool), but poor scores on the weekend from Bernd Wiesberger and Byeong-Hun An pulled the roster down to third place.

Follow this link to the results of our Scottish Open fantasy pool.

User slptransam won our John Deere Classic fantasy contest, by edging out user thecosmicshame by only 1 point. First place received 0.024225 bitcoins. Every player on the top two rosters made the cut, which provided the points that propelled them to the top of our leaderboard.

Follow this link to the results of our John Deere Classic fantasy pool.

John Deere: Charles Howell & Ollie Schniederjans Tied for Lead

The thursday morning wave got the best of the draw this week at the John Deere Classic, and both Charles Howell and Ollie Schniederjans posted 8 under to tie for the lead after round 1.

Check out the results of our pool for lowest Thursday score

For most of the day it was looking like Charles Howell III would run away with it as he posted eight under in the morning, but Ollie Schniederjans kept the pace with a birdie on his final hole to tie for the round 1 lead.

If Charles Howell III had held the solo lead at the end of Thursday’s round, the low score pool on CoinRoster would have paid out with odds of 281.38. This result would have caused two users would to split the total pool of 0.5889297 bitcoins worth of winnings.

Toronto Home Prices Plunge in June

According to the Toronto Real Estate Board (TREB), the price for a single family detached house in Toronto fell in price by 1.80% in June 2017 compared to the previous month. This is the largest monthly price decline since this data set has been tracked in February 2012.

A number of factors likely contributed to the decline. The Province of Ontario and the Canadian Federal government (with OFSI and CMHC) have introduced or are introducing measures aimed at “cooling” the housing market. This may have spooked buyers and encouraged sellers to list their homes. The prospect of higher interest rates also serves as a bearish factor.

TREB data shows an increased number of listings in June compared to previous months, and a decrease in the number of transactions. This is a bearish indicator, and could signal lower prices for home sales in the near term.

CoinRoster lists a monthly betting pool on the price of Toronto houses using the monthly TREB single family Toronto house price as our index. Click this link to see the current odds.

Buying Bitcoins at CoinRoster

We’ve noticed our friends who enjoy playing fantasy sports, usually aren’t familiar with bitcoin. Many of them don’t own bitcoins and are unsure of how to purchase some. Since CoinRoster is a bitcoin fantasy sports site, our users require bitcoins to play our games. The following post explains how a CoinRoster user in Canada can buy bitcoins for their account.

After opening your CoinRoster account, and verifying your e-mail address, visit the “My Account” page and spot the green “deposit” button on the left side menu. Clicking this button will bring you to a screen with two choices. If you would like to purchase bitcoins, click on the “Canadians, click here to user Interac Online” button.

To help our users buy bitcoins, we use a Canadian payment processor called QuickBT that complies with FINTRAC regulations and will work with most major Canadian banks such as RBC Royal Bank and Scotiabank.

To use the QuickBT payment method, fill out the amount of bitcoins you want to purchase, and you will be provided with a quote of the cost. To continue, fill in your 10 digit Canadian phone number to confirm your identity, receive a phone pin and enter this code in the space provided, enter your e-mail address, and then submit the form using the Interac Online button.  This will bring you to a banking page where you choose your bank and then enter your details. The payment will be processed and your bitcoins will be sent to your CoinRoster account.

It could take up to 24 hours to process your bitcoin deposit, but we usually credit your CoinRoster account within a few minutes. After that, you’ll be able to use your bitcoins to play games, and withdraw your bitcoins to another bitcoin address whenever you like.

Currently, we also have a promotion that provides new depositors with a 100% match on their first deposit. You’ll be required to bet the bonus amount 20 times before you can withdraw it, so if you’re a smart player, this is a great way to jump start your bitcoin bankroll.

Click here to open your CoinRoster account and make your first bitcoin deposit.