NFL Suicide League Update – Nov 10th

In the free league, everyone is on the Titans – so if they lose, that means everyone still moves onto the next week.

In the paid league, we have 2 players on the Giants and 1 player on the Titans – if both teams lose, everyone will still move onto the next week.

BitcoinRush.io – Bitcoin Gambling Market Analysis

Bitcoin Gaming Market Analysis – November 8th, 2013 – by BitcoinRush.io Staff

With our upcoming raise, and recent up-and-down results, we feel this is a good time to clarify our overall expectations for growth and other market share, and why BitcoinRush.io is still a “steal”!

Through in-depth research of both public and private bitcoin gaming data, we’ve been able to make several estimates and forecasts on the market, as it relates to our growth.

Over the coming months, we strongly believe we’ll be able to encourage growth by targeting several areas for improvement, including additional table games,live-in game sports wagering, additional P2P options, better reduced juice, slot & progressive games, referral/affiliate program, additional sportsbook options, VIP/rewards program, and translated versions of our website. We also launched a poll to confirm our thoughts on these items, available here: Link

The purpose of this report is to focus on sportsbook and casino markets, although we are considering exploring development options for “dice”/community-driven players, but need to do more research before investing resources on that effort.

Sportsbook versus Casino

Sportsbook: More centralized market, with roughly 6 sportsbooks possessing roughly 90%+ of market share.

BitcoinRush.io has the potential to be the only top player crossing over between both the bitcoin casino and sportsbook space. We’re confident we’ll crush our sportsbook growth goals with more reduced juice, affiliates launch (~2 weeks), and in-game live betting (4-5 weeks). These results are supported by our recent survey on the bitcointalk forum. We currently posses roughly 2.5%-5% market share in both markets, as reflected for sports below. We plan to achieve similar growth in the more fragmented casino market, which has roughly 2x the market earnings of sports. “Dice” is probably even higher, but remains to be determined.

TODAY versus 3-6 MONTH GOAL

Most important and difficult to predict is the growth of the bitcoin gaming market. We attempted to do so in the chart above based from a roughly estimated ~10% monthly growth rate, but this number could change or increase dramatically from month to month, as we’ve seen with the popularity of bitcoin lately.  Below are some rough estimates of bitcoin sportsbooks handle compared to the larger market, to illustrate the opportunity in the space:

  • Sports wagering as a whole: $1 trillion annual

  • Online sportsbooks: $100 billion annual (10% of all)

  • Nevada sportsbooks: $3.45 billion (3.45% of online)

  • Bitcoin handle: $100 million (2.9% of Nevada sportsbooks)

Below are tables showing Bitcoins earned and on annual basis, illustrate revenue per share, based on buy-in price. This forms the pool we can use for company, expenses, re-investment and dividends.

Today – Annual BTC versus annual EPS% based on market share & CBTC price

Market Share/CBTC Price

0.0001

0.00015

0.0002

5%

25%

18%

15%

10%

50%

37%

30%

20%

100%

73%

61%

30%

150%

110%

91%

July 2014 (estimate):

Market Share/CBTC Price

0.0001

0.00015

0.0002

5%

44%

32%

27%

10%

89%

65%

54%

20%

177%

130%

107%

30%

266%

195%

161%

What’s next?

We hope this analysis exemplifies the great potential BitcoinRush.io and bitcoin gaming posses, with some generalized market and growth estimates. Even the conservative estimate of 5% market share represents an excellent opportunity, but our expectations are much higher. .

Questions or inquiries regarding CBTC on HavelockInvestments.com or BitcoinRush.io are encouraged to email us at [email protected].

We’ll be releasing additional shares at a very reasonable valuation over the coming weeks, starting Monday, November 11th at a price to be determined – stay tuned on our HavelockInvestments.com CBTC “Updates” tab for details: Link

**Monday offering price is subject to change based on the BTC price on 11/11. An update will be communicated early in the morning if the asking price has changed.

A big thank you goes out to our current investing community. We appreciate the great patience and support you’ve provided on this exciting journey so far!

Introducing NBA and Hi-Lo!

Introducing BitcoinRush.io’s newest bitcoin gambling casino game, bitcoin Hi-Lo!

Hi-Lo is a fun & addictive game, friendly for players with all levels of experience. It’s simple – just bet with bitcoin whether the next card coming will be lower or higher.

Login & come check it out at:

https://www.bitcoinrush.io/casino/hi-lo/

Also, we just posted a new league, as you might have guessed… bitcoin NBA basketball betting!

Now you can bet on NBA with bitcoin, including 1st and 2nd halves.

https://www.bitcoinrush.io/bet-sports-nba

We also introduced a new homepage skin to celebrate NBA opening day. Comment and share your thoughts!

 

 

Week 7 – Parlay Promo #2! Only 100 credits to qualify!

BitcoinRush.io proudly announces it’s first NFL promotion series – we’ll have a different promotion for each NFL week this month – Running every NFL game, Sunday October 13th through Monday, November 4th (Week 6-9). Each week consists of games Thursday through Sunday. :

We’re back again – this time catering to our smaller players. 

NOW LIVE:  NFL Parlay Promo #2 –  for Week 7 (Oct 17th-21st)!

Place a 2-team NFL parlay and get a 10 credit bonus! (100 credit minimum bet) 

Rules:
-Max one bonus per week, per IP address/account
-Moneyline wagers do not count towards the promotion
-You cannot bet the other side of the event to cancel our wager out – doing so voids your bonus
-Minimum parlay “risked” to qualify is 100 credits
-You must email [email protected] your winning ticket # within 1 week to receive your bonus

Take your shot at BitcoinRush.io this weekend!

We’ll post our favorite winning wagers here – Week 7 promo is live!

Week 6 – NFL Parlay Promotion – Earn a 35 credit bonus!

BitcoinRush.io proudly announces it’s first NFL promotion series – we’ll have a different promotion for each NFL week this month – Running every NFL game, Sunday October 13th through Monday, November 4th (Week 6-9). Each week consists of games Thursday through Sunday. :

Introducing – NFL Promo Parlays for Week 6 (Oct 13th-14th)!

Win a 3-team NFL parlay and get a 35 credit bonus! (500 credit minimum bet) 

Rules:
-Max one bonus per week, per IP address/account
-Moneyline wagers do not count towards the promotion
-You cannot bet the other side of the event to cancel our wager out – doing so voids your bonus
-Minimum parlay “risked” to qualify is 500 credits
-You must email [email protected] your winning ticket # within 1 week to receive your bonus

Take your shot at BitcoinRush.io this weekend!

We’ll post our favorite winning wagers here – Week 6 promo is live!

Week 5 Suicide results & sportsbook statistics!

Things are growing fast here at BitcoinRush.io – We truly appreciate our players, and want to be the #1 best place bet your hard-earned bitcoins – your support and feedback makes that possible!

Suicide League

In our suicide leagues, with the loss of the Falcons, ChalupaBatman becomes the winner of the .25 btc / 2.5 btc guaranteed bitcoin survivor league! Congrats!

5 players were also knocked out of our free league, and 2 out of our .5, 5 btc-guaranteed league, leaving 8 and 3 players left, respectively.

Good luck to those left as the game gets intense!

Sportsbook

We also thought we’d share some details from our expanding sportsbook.

-Since the recent launch of parlays, we’ve had 86 parlay wagers already – and 22 of those tickets were winners.

-Between spread favorites and dogs, we’ve 56.28% of players have taken the favorite – no surprises here. However, bucking the trend of the public taking the over, only 44.48% of our wagers on totals have been on the over.

Stay tuned for more #’s to come – as well as our exciting new Hi/Lo game, entering the final stages of development!

 

 

Psychology in Blackjack

Have you ever been sitting a Blackjack table, and wondered if the way the cards fall affects the way people play their next hand?

We did. At our bitcoin Blackjack table, turns out, it does.

Measuring from over 30,000 bitcoin hands, we found players bet roughly 2% more, on average, after a loss.

Most players, myself included, like to occasionally “go-big” – At BitcoinRush.io’s bitcoin casino, about 5% of bets have at least double the stake of their previous hand. They’re also roughly 3x more likely to double their bet after a lost hand – a likely sign of a betting technique called “Martingale“, in which a bettor simply doubles their stake after a lost bet.
Try our Blackjack for free, and see how you play.

Update – Suicide pool historical team selections is live!

Team selection for Week 3 closes at 8 PM EDT 9/19/13.

Remaining:
20 Teams left in Free 5 BTC League
4 Teams left in 2.5 BTC guaranteed “Small” league
5 Teams left in 5 BTC guaranteed “Big” league

Also, users can review previous selections by logging into BitcoinRush.io, clicking Suicide Pool, then hitting the green button to view historical selections, which will include all previous weeks (but, not the current week – until team selection is closed).

We’re considering a round-2 mid-season game, if there’s enough interest!