Mr. D said:
I've been looking into Bitcoin for the last half hour or so since I know nothing about how it works. If I'm wrong, let me know. But it seems to me that you really need to know what you're doing with Bitcoins before deciding to use them for sportsbook deposits and withdrawals. Since the price of Bitcoins fluctuate, you could possibly make a deposit, win bets, then lose money on the withdrawal. Or essentially affect the vig of your bets without knowing by how much until the withdrawal takes place
Not how it works. If BC is 250, you buy 4 for 1,000 and transfer 4 BC to your book. You then have 1,000 to bet with. The next day the price drops to 200, you want to withdraw 1,000, so you're sent 5 BC worth 1,000.