Last time, on the ‘old’ version of my blog, I covered Bitcoin and SatoshiDICE. I’ve had a small review about it, combined in the About Bitcoin article. I visit Daily Bitcoins on a regular basis, and there was an ad about a service called PeerBet, and the ‘peer’ part in the name draw my attention.

This site claims to have ‘no-house edge’, so the betting usage itself doesn’t cost anything for the user. Gambling isn’t my thing as written earlier, but I was curious since I got a coupon code and saw a hole to review it. The coupon I got was of a low value: 0.001 BTC.

Here is how it works:

  • You can either create a raffle, or join a raffle.
  • This is why it’s called ‘peer’ bet, from user to user.
  • You can create a raffle with a maximum of 16 million tickets: a minimum of 2. (since you obviously win with only one).
  • You can make raffles private with a password.

It’s basically the same as SatoshiDICE, but again, without cost and you have a raffle.

The site itself looks dark and straight boxed, a clean interface. The user created raffles are usually a 50/50 raffle: two tickets. You can’t really sort the raffles though, and even when you do, you don’t have too many options. Also, a huge disadvantage is that you must register: something most Bitcoin users do not like (SatoshiDICE just uses your Bitcoin address).

Summary:

+

  1. User to user without fee
  2. You can buy unlimited tickets

  1. Payments take long and are not instant: payments are done manually it seems.
  2. You must register (including e-mail)
  3. The site needs tweaking
  4. Hack-Sensitive: you must withdraw payments on your own (not automatically), and thus there are Bitcoins on the site itself.

I do not really recommend this site, nor gambling at all. At the moment it is just too rough and quick build. This isn’t a huge difference from SealsWithClubs.

So, if you have a few pennies left, go ahead.

2 responses to Peerbet: gambling with issues