When 888Poker came onto the scene they really were ahead of the game with impressive graphics and a decent user experience.
But in recent years they appear to have come of the gas…
During that time new players have entered the industry and taken their fair slice of 888’s market share, which has hit revenue and earnings for the company.
Having finally come to their senses, 888 has listened to customers complaints and have done a complete overhaul of their existing software with a new poker platform – Poker 8.
888Poker have already introduced the first-phase of updates to their existing platform which will see improvements to quality of the table games, a new desktop layout, and enhanced graphics to improve user experience.
Here’s a sneek peek as to what to expect from Poker 8.
Following the news 888 Holdings Senior Vice President, Guy Cohen has excited to release Poker 8 to new customers, he said:
“We have worked with and listened to customers feedback and we’re thrilled with the initial roll out of our new Poker 8 platform, which includes a number of innovative features to make the 888Poker experience even more enjoyable.”
888 Hit Hard
Poker 8 could not have come sooner for 888 Holdings who have had a difficult couple of years.
According to their FY2018 Annual Report, 888 saw huge losses in revenue last year with the company earning $61M, a loss in revenue of almost -35% year on year.
And this is not an isolated case as the company attempts to quash any uncertainty about its future, as 888Poker was also down -15% in 2018 compared to the previous year.
Zynga takes a Bite
But it’s not just Pokerstars that’s gained significant ground on the ailing 888.
Mobile app Zynga Poker and high-street bookmakers such as Paddy Power and Bet365 have also muscled onto 888Poker’s turf and acquired long-term active players, by offering larger cash prize tournaments and enticing new and existing bonuses.
Finally Listening to Customers
From reading Google Play and App Store reviews it’s clear to see why 888Poker has fallen so far…
One user complained about the app being riddled with bugs from frequently crashing to being unable to login with a know and correct password.
These are not just UI problems but fundamental issues with the game that need addressing.
Another customer with a more balanced review complained that the platform was “written by gamers and not serious poker players” and “There are better platforms out there that provide a more authentic experience.”
Can Poker 8 turn it around?
It’s far too soon to tell if Poker 8 will have the sort of impact that 888 are praying for. My gut says they will turn it around due to the sheer size of 888 and their presence in the online gambling industry.
But complacency on their side has come at a price and it will take many years for 888 Holdings to recover not only the loss in revenue but return to the same levels of high-quality active users it once had with 888poker.
Specialist bookmaker 188Bet has decided to cease operating in UK and
In a statement released on Wednesday, 188Bet stressed that the company remains financially solvent and will refund all customers with any pending bets or outstanding balances:
“With effect from today 188BET.co.uk will cease providing gambling services to players located in Great Britain, the Channel Islands, Gibraltar and Ireland.”
“This is a commercial decision in a very competitive marketplace.”
“Annatar Limited is solvent and fully able to meet all its financial obligations which includes its customer funds that remain ring-fenced and safe.”
Punters with Balances Outstanding
existing 188Bet customers that still have funds in their account fear
can still withdraw any outstanding balance by logging into your
account and requesting a transfer into your bank account. But you
must do this before 23:59 hrs (GMT+1) on 30 August 2019.
188Bet does not state what will happen to any outstanding funds after
this date, it is prudent to ensure any remaining funds are withdrawn
before this date.
Long Term Bets Pending
pending single bets on all events will be honoured up to 23:59 hrs
(GMT+1) on 30 June 2019. Any bets placed after this time will be null
and void and the stake returned to the account within 48 hours.
multiple or accumulator bets will also be honoured up to the afore
mentioned date stated.
those with multiple selections bets with events that exceed 30th June 2019 will see those specific selections void and any winning
events settled within 48 hours.
If you have any further queries regarding your account or any unsettled bets you can check out their FAQ page or contact them directly using the email
188Bet has said that they will “continue to operate as normal in all other jurisdictions.”
Where did it all go wrong?
burst onto the sports betting scene in 2006 with the prospect of
providing customers with specialist in-play markets.
were the first sports betting site to sponsor two Premier League
clubs in Bolton Wanderers and Wigan Athletic, and had a diverse
sponsorship portfolio across all sports including rugby, cricket and
since then they have struggled to adapt in a highly competitive
market, with new bookmakers muscling in and existing ones raising the
bar with new and exciting features.
Should we be concerned?
is now the second bookmaker to shutdown this year.
news comes as the gambling industry faces some headwinds due to
tighter regulation by the Gambling Commission. It forces bookmakers
to comply with new guidelines and ensure third party affiliates are
being monitored and comply with those guidlines.
breach of these new regulations will result in hefty fines which
we’ve seen recently with Skybet and William Hill.
Is this the last we’ll see of 188Bet in the UK and Irish betting market?
I don’t think so…
I believe the company will re-think their strategy in the UK and IRE and bring a fresh new product to market that is fully compliant with regulators.
may take some time, but this isn’t the last we’ve seen of 188Bet.
BetVictor’s development team certainly know what they are doing.
The integration of BetVictor PriceItUp into their existing sportsbook platform is flawless, with a focus on enhancing the user experience with intuitive design, rather than carelessly bolting on a feature for the sake of it.
It’s clear to see that time has been taken to develop this new feature and it has paid off hugely.
I can’t wait to see what innovative product BetVictor comes up with next.
Three major UK banks RBS, Lloyds and Santander have joined Barclays in an effort to introduce responsible gambling measures by blocking transaction payments to bookmakers.
The scheme would allow problem gamblers the option to opt out of allowing payments to any company that is associated to gambling and issued a UKGC licence.
Most readers will have a banking app of some sort on their phone for viewing their transactions. The new app would include a “gambling block” feature to enable self exclusion, in an attempt to protect vulnerable punters with compulsive behaviour.
The exclusion would also apply to high street bookmakers as well as online gambling sites.
Barclays released a similar blocking feature across all digital platforms back in December, which restricted debit card spending in a number of categories including restaurants and takeaways, supermarkets, petrol stations, adult entertainment, pubs & bars and petrol stations.
Protecting compulsive gamblers
Enhancements to the mobile apps which would restrict payments to gambling related properties should be implemented within weeks.
Following the news Lloyds detailed their plans to gives their 30 million customers more control of their money:
“The new card controls give customers more control over debit card transactions.
Throughout 2019 we will be enhancing our customer communications so customers are informed and alerted of their gambling spending, as well as introducing tools to improve self-service options such as gambling restrictions.”
Royal Bank of Scotland (RBS) we equally keen to provide customers with more choice on managing their spending habits:
“We recently launched the ability for our customers to freeze their credit cards and set spending budgets using our mobile app.
And we are always looking at further ways to help customers manage their money.”
While this option is a step in the right direction more needs to be done to tackle the issue of gambling addition that affects the minority of punters with addictive personalities.
The measures introduced by the major banks do not go far enough as these limits are self-imposed and are easy to remove within 24 hours.
More need to be done to introduce a cooling off period which would increase the time between initiating the gambling block and when it’s possible to remove this option.
The decision comes just a month after the UKGC recommendation to remove gambling advertsing during live football events.
With both measures being rolled out, it will hopefully help punters with gambling issues to self exclude themselves and avoid the temptation altogether.
Each week Rewards Club members can earn a £/€10 Free Bet EACH WEEK when you place five £/€10+ of odds greater the ½ (1.5).
Place 5 x £/€10+ bets on Sports and/or £/€50 on slots and/or earn 3 stamps on PP onside each week to qualify. Earn up to 3 entries each week (once on sports, once on games and in-store) between 21/01/19 to 25/02/19. T&C’s apply.
To signup you simply need to opt-in via the Rewards Club (banner above) and you’re good to go.
How to qualify
Place five £/€10+ bets on sportsbook or stake £/€50 on slots and earn 3 qualifying stamps.
You can qualify up to three times a week across all platforms (sportsbook, slots and in-store) to earn 3x entries, up to a maximum of fifteen entries over the qualifying time period.
Key Terms and Conditions
Paddy Power reserves the rights to…
Exclude or limit this promotion to specific customers. If a winner cannot be contacted within 48 hours, Paddy Power will select a new winner. Withhold any prizes on grounds that the winner does NOT meet the eligibility requirements specified. Modify the terms and conditions at any time.
When is the competition valid?
The competition is valid NOW in weeks between 21st Jan to 25th Feb 2019.
The prize draw will take place on Tuesday 26th February 2019.
Simply place a bet of €/£20 on any market and if you loses Paddy Power will refund your stake in CASH. You won’t find a better deal with any other bookmaker.
But that’s not the only deal that Paddy Power has to offer, check out our complete list of Paddy Power bonus codes if you’re looking to deposit more.
How do I join Paddy Power Rewards Club?
1. Click on the Rewards Club landing page. 2. Select the Opt in icon. 3. You’re good to go!
To receive your £10 free bet you just need to place five bets or more of £10+ and the free bet will arrive into your account the following Monday.
Terms and conditions: Odds of ½ 1.5 (decimal) or greater. Free bets are credited by 12pm on Monday.
Paddy Power Games Rewards
But its not just on sports betting where you can earn money back.
Slot players can also benefit from money back while they play.
New and existing players can earn a Free £5 bet when you stake £50+ on slot games. This is in effect 10% cash back on any stake you place which shouldn’t to be sniffed at.
When should I receive the money back?
Provided you have qualified by placed the relevant bets, the money should arrive into your account the following Monday by 12pm.
Is this offer available in-store?
Yes! This offer is also available to the average highstreet punter, but with slightly different terms. If you’re interested speak to one of the cashier members of staff in-store for more details.
Following several incarnations, I finally feel that Paddy has nailed it on the head with Paddy Power Rewards Club.
The offer is excellent news for frequent punters, but I wouldn’t recommend this for casual gamblers as it may encourage you to place more bets than you want to. This will only really benefit regular punters.
The tie-in with big competition prizes is the icing on the cake for me and puts this loyalty scheme head-and-shoulders above all other bookmaker.
Bitcoin may be a ground-breaking digital payment system, but bookmakers are less keen to adopt it.
The problem comes down to regulation.
The gambling industry under strict regulation by the Gambling Commission and Bitcoin has… well not the best reputation. It’s anonymity and use on the dark web puts many bookies off.
But there are other ways!
So I was interested to read that mobile payments giant Neteller accepts Bitcoin deposits to their online wallets.
What does this mean?
It effectively opens the door for crypto gamblers to gain access to some of the biggest gambling brands that until recently were out-of-bounds.
But we’ll come back to this later on…
Content: So what is Neteller? Why are bookmakers reluctant to use Bitcoin? Neteller Steps up to the Plate Apply Caution with existing Bitcoin Bookmakers How to deposit Bitcoin to Neteller Bitcoin to Neteller – Step-by-Step Guide 7 Best Bookmakers that accept Neteller FAQ Our Verdict
So what is Neteller?
Neteller is an online payment service that allows customers to transfer funds to pay for goods and services electronically.
The key advantage of using Neteller is that it’s quick and easy to use.
It’s also a much safer to pay for online services as it saves users from entering any bank card details.
Which is a godsend when you’re trying to deposit on your mobile.
Avoid entering your card details also minimises any risk of having your financial data stolen from malware or phishing hacks.
This is the main reason why I switched two years ago to using ewallets for mobile transactions.
Why are bookmakers reluctant to use Bitcoin?
To understand this, you have to understand some of the controversies surrounding Bitcoin.
While Bitcoin has far exceed the expectations that even creator Satoshi could have imagined, it has also made headlines for all the wrong reasons.
In particular as the main digital currency for criminal activity on the dark web.
Now i’m not going to sensationalise or go into specifics. Suffice to say there have been reports of criminal gangs using Bitcoin for money laundering and the buying/selling of firearms and drugs on auction sites such as the Silk Road which was eventually shutdown by federal officials as a way to curb the activity.
The reason why criminals latched onto Bitcoin so early on was due to it’s anonymity. Bitcoin does not require any personal information to create a wallet, all you need is a public and private key.
Add to this that funds can be transferred between wallets anywhere in the world, without the use of any financial institutions, and you have the perfect solution for criminal gangs to go about their business under the radar.
“So how does this affect the gambling industry?”
Similar to financial industry, bookmakers are heavily regulated by the Gambling Commission.
Under these regulations gambling companies must take the necessary precautions and measures to minimise any methods of money laundering.
It’s this reason alone why bookmakers such as Paddy Power and William Hill have shied away from introducing crypto currencies on their platform.
In essence, It all boils down to tighter regulation that bookmakers have to comply with.
Neteller Steps up to the Plate
So why does Neteller accept Bitcoin deposits when bookmakers don’t?
OK you’ve got me there!
It might have something to do with users being required to provide bank account details of some sort, before you can transfer funds. Where as with a bookmaker you could technically deposit and withdraw to the bookies wallet without providing any banking information.
Given that mobile payments rival PayPal also provides a similar service it’s understandable that Neteller offers the same service.
Apply Caution with existing Bitcoin Bookmakers
Until recently, Bitcoin holders that enjoyed betting on sports were limited to just a handful of specialised sites.
Bookmakers such as Betcoin.ag and CloudBet are happy to serve crypto punter looking to spend their tokens and coins.
But I have some reservations about using these for a few reasons. 1. Nearly every crypto bookmaker is less than five years old. 2. None of them are backed by a larger holdings company. 3. How solvent is the company i.e. How much cashflow do they bring? 4. Can they payout if you win big?
There’s so much more to discuss on this subject, which i’ll cover in another article and provide a link to.
Suffice to say you should do your own background checks on any company you are not familiar with or that’s relatively new.
How to deposit Bitcoin to Neteller
“OK i’m in, how do I deposit via Bitcoin?”
The first thing you need is a Bitcoin wallet.
We’re not going to cover this as there are many ways to create a wallet, such as using an exchange or setting up an individual wallet.
For more information on setting up a Bitcoin wallet check out the main website.
Bitcoin to Neteller – Step-by-Step Guide
1. Click on Money In on your Neteller account. 2. Select Bitcoin Deposit option.
3. Enter the amount you want to transfer & click Continue. 4. A third-party processing window takes you through the Bitcoin payment.
5. Click on “Pay with Bitcoin” button to launch the Bitcoin app. 6. OR use the QR code provided to load the Bitcoin payments page.
7. Enter your email address and hit Make Payment 8. You will receive a payment acknowledgement confirming the transfer.
Once you enter the amount you want to send you’ll be redirected to a wallet transfer pop-up window. Make sure you allow pop-up windows for this URL, you should receive a notification to accept.
You now have two options to process the payment:
Scan the QR Code provided using your smartphone (if you’re on desktop) and follow the instructions, or you can click on the Open in Wallet button, provided you have the Bitcoin app on you mobile device.
Finally you’ll need to provide an email address in case there are any issues with the transaction. In most cases you will receive an order acknowledge confirming the transaction was successful.
And that’s it… the Bitcoins are now in your Neteller wallet!
7 Best Bookmakers that accept Neteller
The great news is that most of the major highstreet bookmakers allow Neteller as a payment method.
This gives Bitcoin gamblers a back-door to place bets with huge bookmaker brands that have a long standing reputation in the gambling industry. By sticking to well-established bookmakers with larger bankrolls, you’re more likely to get your cash if you win big!
Instead of listing every bookmaker on the planet that accepts Neteller, i’ve decided to cherry pick 7 of the best bookmakers that allow Neteller deposits:
For a more comprehensive list which covers over 200+ bookmakers in our research, checkout our complete list of bookmakers that accept Neteller.
Frequently asked Questions:
How long does it take to transfer Bitcoin into my Neteller wallet?
Funds will go into your Neteller account immediately.
But there may be a delay of up to 1 business day to update your Bitcoin wallet, this is due to the time it takes to process the transaction on the Lightning Network.
How do I transfer from Neteller to my bookmaker account?
This section is really straight forward.
Select Neteller on the Deposits page and enter the amount you want to transfer.
Sign in to your Neteller account to confirm the payment and the money is instantly transferred into your bookmaker account.
What are the fees to deposit via Bitcoin?
There are No FX Fees to deposit Bitcoin to Neteller provided your account is in USD, GBP, EUR and AUD. For all other currencies the transaction will be processed in USD and incur a 3.99% foreign exchange fee.
Please note that Bitcoin may charge separate mining fees for processing the transaction.
And to transfer funds from Neteller to a bookmaker?
Fee structure varies from one country to the next, so the best way to check is directly on Neteller’s website.
Bitcoin is hell-bent on disrupting finance and our existing monetary system.
Now that Neteller accepts Bitcoin, this is yet another boost for the crypto currency, allowing users greater freedom to pay for online purchases and services.
While I would not suggest anyone purchase Bitcoin’s with the sole purpose of transferring funds to Neteller. If you happen to own some Bitcoin and you intend to place a bet, Neteller’s service increases the number of bookmakers available to you.
I think this is fantastic news for any Bitcoin gambler, as it opens up a huge pool of highstreet name bookmakers at your disposal. Just try not to fleece them all at once.
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