Caution is Advised As New Ratings for Bitcoin Sportsbooks are Released

As the World Cup knock-out round continues, gamblers are advised to be careful when it comes to choosing sportsbooks that use bitcoins. The anonymity that makes bitcoin so attractive to sports bettors also carries a risk; sportsbooks can easily vanish overnight and take its deposits with them. Peeps Place, the gold standard when it comes to rating bitcoin sportsbooks, says this is a dangerous point of time for sports bettors.

“The World Cup is the most popular time for hit and run books. After that it’s the Super Bowl. I’m not saying that the new kids on the block are necessarily bad books,” says the poster Peeps Place at Bitcointalk.org. “The odds say that some will be out of business shortly after the World Cup walking off with funds. This is not the time to test out new books.”

Anonibet, the oldest and most reputable of bitcoin books, keeps improving its game and maintains its A rating. Anonibet is now adding more betting options for Americans, including competitive lines for baseball and the WNBA. They recently became a Gold Member of the Bitcoin Foundation, a further sign that Anonibet is focusing on the long-term when it comes to the sportsbook business. Anonibet is celebrating the World Cup by offering a 22 bitcoin contest for its customers.

NitrogenSports remains the sole B rated book. Like Anonibet, Nitrogen is running a huge bitcoin contest for the World Cup, giving away 20 bitcoins over the duration of the tournament.

Casinobitco.in remains at C+ but may soon be joining Nitrogen Sports in the B category. A solid book since opening business in June 2013, the Panama-based Casinobitco.com offers competitive prices with a focus on American sports.

Complete ratings from Peeps Place:

“A” rated books
Anonibet A (in business since 2011)

“B”rated books
NitrogenSports B+ (2012)

“C” rated books
Casinobitcoin C+ (2013)
Cloudbet C+ (2013)
SBObitcoin C+ (2013)
DirectBet C (2013)
Betcoinsports C (2013)
Jetwin C- (2013)
BetOWI C- (2014)
Bitbm C- (2013)

“D” rated books
Coindraft D+ (2014)
Roadbet D+ (2012)
BetVIP D+ (2014)
Bitcoinlivebets D- (2013)

“F” rated books
BetCas F
Bitcoinsport F
Coinbet F
Sportbet.im F
StakeBTC