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Topic: Are you a fan of sports betting? Have you ever considered using Bitcoin sportsbo (Read 291 times)

hero member
Activity: 1694
Merit: 592
The Martian Child
I rarely visit land-based casinos. Many years ago, I used to bet mostly thru peer to peer and online sports betting with fiat. It was only after several months of investing in bitcoin that I finally decided to open accounts on some sports betting sites that are accepting it. Since then I continue to bet using bitcoin and sometimes altcoins too. Fiat online betting became a thing of the past as I felt more comfortable using crypto casinos and sports betting.

Another thing I notice is that most of the betting companies that are being promoted here in bitcointalk have their own representatives which makes it easier to settle issues. 
legendary
Activity: 3108
Merit: 1290
Leading Crypto Sports Betting & Casino Platform
Anonymity: Bitcoin transactions are anonymous, which means you can bet on sports without revealing your identity.
Anonymous in a way that you're not using your first name while betting but that's just the first because if ever you got lucky and got some handful of coins with you after the activity, they will start and establish a KYC (which is by the way common in bitcoin sportsbooks nowadays) before you can actually withdraw your funds.
And why would they reveal my identity? They for sure know that it is against the law.

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Security: Bitcoin is a secure and reliable form of payment, which means you can trust Bitcoin sportsbooks with your money.
Sportsbook is definitely not a wallet where it is really secure, therefore security is always an issue.
legendary
Activity: 2254
Merit: 1052
Leading Crypto Sports Betting & Casino Platform
For me, I've only gambled on a land based casino ones or twice, not more than twice I think, before I got into bitcoin, and every betting online I've ever done was done on a bitcoin sportsbook, I have never tried depositing, and betting with fiat, it has all been bitcoin for the past 2 years I start betting on sports online.

Stake.com is my favorite casino, when it comes to anything betting/gambling, I've been a user of some other Casinos before I joined, Stake's service are top notch, not saying this because I am wearing their signature, this is just my personal and honest review.
legendary
Activity: 2394
Merit: 1231
Leading Crypto Sports Betting & Casino Platform
I There are a lot of people who are familiar with Bitcoin and its features, but I don't think it's a good idea to use Bitcoin sportsbooks as a means of payment.
Not just familiar but they are involved with it already. Those who are only familiar with it are newbies and they are still doubting if they will also join the millions of people who are already in to it or they will wait for a better moment because some countries still has a complicated status when it comes to legalization of Bitcoin and there are people who still lacks of proper knowledge on how to operate and avoid taking big risks in Bitcoin but that's better than just rushing completely and ended up regretting.

I don't understand. Why say that Bitcoin is bad for payment on sportsbooks? Is it about its volatility? Or something else? But it's fine, that is your opinion but the majority of us here have no problems with it and we will continue using it.
Gas fee I guess. Personally, I am using other coins whenever I am depositing or withdrawing on the gambling site I am currently playing at. But this is not because Bitcoin isn't as useful as with the coins I am using, it jist happened that fees are lower which is not surprising given how large Bitcoin network is. There are even times I prefer using fiat in sportsbooks because there are no strict restriction in my country but I doubt with the others. To those countries wherein gambling is totally prohibited, cryptobased platforms could be an aid not unless servers are restricted. Also, I wont condemn players who worries from losing in their holdings as in line with their bets. That's simply normal given that it is money we re talking about.
hero member
Activity: 2772
Merit: 634
I There are a lot of people who are familiar with Bitcoin and its features, but I don't think it's a good idea to use Bitcoin sportsbooks as a means of payment.
Not just familiar but they are involved with it already. Those who are only familiar with it are newbies and they are still doubting if they will also join the millions of people who are already in to it or they will wait for a better moment because some countries still has a complicated status when it comes to legalization of Bitcoin and there are people who still lacks of proper knowledge on how to operate and avoid taking big risks in Bitcoin but that's better than just rushing completely and ended up regretting.

I don't understand. Why say that Bitcoin is bad for payment on sportsbooks? Is it about its volatility? Or something else? But it's fine, that is your opinion but the majority of us here have no problems with it and we will continue using it.
legendary
Activity: 2758
Merit: 1228
I There are a lot of people who are familiar with Bitcoin and its features, but I don't think it's a good idea to use Bitcoin sportsbooks as a means of payment.

It looks like you're spamming all over this thread and you seem to have lost us with "using sportsbook as a means of payment", what does that even mean?

@OP, it's guaranteed that everyone in this community who loves to place bets in any sports must have used Bitcoin sportsbook, since we are in a Bitcoin community - so that's kind of automatic.
One of the good advantage of using Bitcoin to bet in sportsbook, is that you don't need to link your financial information to your account such as credit and debit card. That is what I don't like in a traditional online betting websites and the reason why I don't use traditional bookies. 
Obvious for people here to use that since this is the main currency accepted by sportsbook who focus on crypto. So its really nonsense to ask this question on bitcoin forum since he can just get generic answer to his question. Maybe he just want to read up the sentiments of the people regarding on this that's why he posted this nonsense question on this community. Majority here doesn't like to transact using their fiat or cards by betting online so the best option is to go with bitcoin since it can somehow make them feel safe from their local regulators.
hero member
Activity: 2590
Merit: 549
Rollbit
I There are a lot of people who are familiar with Bitcoin and its features, but I don't think it's a good idea to use Bitcoin sportsbooks as a means of payment.

It looks like you're spamming all over this thread and you seem to have lost us with "using sportsbook as a means of payment", what does that even mean?

@OP, it's guaranteed that everyone in this community who loves to place bets in any sports must have used Bitcoin sportsbook, since we are in a Bitcoin community - so that's kind of automatic.
One of the good advantage of using Bitcoin to bet in sportsbook, is that you don't need to link your financial information to your account such as credit and debit card. That is what I don't like in a traditional online betting websites and the reason why I don't use traditional bookies. 
newbie
Activity: 28
Merit: 0
I There are a lot of people who are familiar with Bitcoin and its features, but I don't think it's a good idea to use Bitcoin sportsbooks as a means of payment.
sr. member
Activity: 2828
Merit: 357
Eloncoin.org - Mars, here we come!
Everyone of us here that gamble in sportsbetting are using crypto specially Bitcoin mate in which all the gambling site created has prioritized bitcoin before altcoins.

I cannot mention all the names of the sites that I come to bet with specially sports book , because I only focused now in Card games.

______________________

But wait , are you representing specific Sports book site here? because your  account sounds familiar but you did not put any links or names in this thread.
hero member
Activity: 2506
Merit: 628
I don't take loans, ask for sig if I ever do.
Have you tried betting on sports with Bitcoin? Share your experience in the comments!
Er, the topic is pretty much about Bitcoin as a currency, the type of service/product you use it in can be irrelevant on the discussion really. Now if we we're talking about crypto sportsbooks themselves instead, then that's a different thing, since even with the same currency they still offer different services after all (and to add, I've tried it alright). Kinda ironic really since some services directly kill the advantages of Bitcoin like anonymity, I know it's simply regulations but you get my point.

And to add, pretty sure everyone here, or at least people who visit this section of the forum have at least used Bitcoin in a sportsbook/casino, so I don't really see any reason as to ask if they actually tried it or not.
sr. member
Activity: 1526
Merit: 412
I agree with most of the points raised by goinmerry.

Let me just add one more,
Access: Bitcoin sportsbooks are available to anyone with an internet connection, which means you can bet on sports from anywhere in the world.
Let's test this with nitrobetting.

I've looked at your terms and conditions and this is what I saw under restrictions of use,
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You may not use Nitrobetting if you are an employee or consultant of any company related to Nitrobetting, or a relative or family member of any such restricted persons.

You are also restricted from using the site if you reside in any of the following countries: Bulgaria, Hungary, Venezuela, China, Belarus, Azerbaijan, Ukraine, Russian Federation, Costa Rica, United Kingdom.

You are a Bitcoin sportsbook also and yet you don't allow anyone with an internet connection so that also means not everyone can bet on sports from anywhere in the world. It doesn't look like you practice what you preach.

Perhaps you should be more careful with what you post as that also reflects with the gambling platform you are promoting.
legendary
Activity: 2940
Merit: 1083
I think it's more of OP describing just the Bitcoin itself.

Instant deposit and withdrawal? Tell me a sportsbook where Bitcoin deposit and withdrawal are instant, not unless it's a decentralized gambling platform.
Anonymity? - It's for Bitcoin itself but that can be changed if you are using a centralized sportsbook and they implement KYC-related stuff.
Security? - Not your keys, not your coins.

The reason I'm using Bitcoin or crypto-sportsbook is not because of the reasons you mentioned which are technically for Bitcoin only. Crypto-sportsbook are giving better odds and "MORE BETTING OPTIONS" compare to fiat sportsbook based on my experience.

Have you tried betting on sports with Bitcoin? Share your experience in the comments!

We are in a crypto forum lol. Should be, "Please share your experience in betting sports with Bitcoin". Smiley
sr. member
Activity: 2226
Merit: 347

Fast Transactions: With Bitcoin sportsbooks, you can make deposits and withdrawals instantly, which means you can start betting and collecting your winnings right away.

Low Fees: Bitcoin sportsbooks typically have much lower fees than traditional sportsbooks, which means you can keep more of your winnings.

Anonymity: Bitcoin transactions are anonymous, which means you can bet on sports without revealing your identity.

Security: Bitcoin is a secure and reliable form of payment, which means you can trust Bitcoin sportsbooks with your money.

Access: Bitcoin sportsbooks are available to anyone with an internet connection, which means you can bet on sports from anywhere in the world.


Have you tried betting on sports with Bitcoin? Share your experience in the comments!
If you are just new into those crypto gambling space then its good that you have experienced the beauty on making use of Bitcoin when it comes to gambling.This is why it is really that getting more attention because of this reason and features on which you cant really be able to experience or get when you do deal up with fiat.Somewhat we do have other options as well on which there are bookies or platforms which does have accept
also some altcoins which means the more option we do have the more better we could be able to get on. Even we do like it or not, there are altcoins which does have much cheaper in terms of fees
when it comes to transactions which there are people whom do really love on making use of it despite on using Bitcoin. There are really indeed times that confirmation times do really takes too long
on the time the network is clogged. Good thing is that we do have other options to take considering that they had been offering that also.
legendary
Activity: 2240
Merit: 3002
For a while I was only betting sports through a buddy who had become a "bookie" for a group of us friends and other people we went to college with.  Once he decided it was more work than he felt like dealing with, I was out of luck.  I found bitcoin back in 2014ish, and sometime around 2016-17 I realized that a lot of online casinos were now starting to allow for bitcoin payments.  That completely changed the game for me, and have been doing more online sports betting than ever now that crypto, and more so bitcoin are a payment option ( versus receiving shady checks from some island nation).
hero member
Activity: 714
Merit: 1004
Goodnight, ohh Leo!!! 🦅
This is prolly an ad.. you should have created an ANN thread for it, based on your subject topic.
I may not be a gambler or strong supporter of gambling but I know alot of casinos with good bonus and odds .... Sportsbo isn't one of them. Alot of new casinos are growing way too better than some old ones, which is the reasons why sometimes, the preference is greater on every new casino than the old ones....it's called "Marketing strategy". I read a big complaint about how your casino is slowing becoming a flop, so I think if you've got a upper-hand, then you must be too slow in taking actions if the necessary rehabilitations exceeds two weeks.

Sandra 🧑‍🦰
hero member
Activity: 2786
Merit: 578
I've done that obviously and of course the majority of us here. But at these times, I think that everyone is starting to think of preserving their bitcoins for the next bull run.

While there are some other altcoins that's also accepted in most sports books, that's what we can opt to to keep on betting with the sports we follow and would love to bet without spending our bitcoin.

Since we've got a lot of bookies that are focused with bitcoin/altcoin acceptance, soon we might see physical casinos that has bookies as well that will accept bitcoin too.

Certainly, those who are into gambling and in this forum, may have at one point bet on their favorite sports.
Once you found the crypto bookies, you may not want to go back on fiat-based sportsbetting sites.
For me, one good thing with crypto bookies is that you can bet small without worrying about what other people will say.
Can you go to a regular physical betting place and place $5 or $10? I would say, you won't do that, it's like wasting your time.
But with crypto bookies, you can place small bets very easy, and at the comfort of your home. What more can you ask for?
Yes, that's actually one of the best things in crypto bookies. The minimum bet isn't that much and you can use that until it's gone or until you want to withdraw it as long as it suits the minimum withdrawal.

While there's really the pros and cons, if you're the hang out type of person then you suit the fiat-based physical casinos that has sports betting as well.

But if you want just to chill and sit at your home, you know what's best and that's going in a crypto bookie.
sr. member
Activity: 2310
Merit: 355
My bets were much on casinos, but my initial days of gambling were much into sports betting. I enjoyed much on betting on tennis matches on directbet which is completely anonymous. The decentralised operation is completely enjoyable and it gives the best gambling experience, because soon after the match you'll see the winning amount received in the wallet which you've assigned. Later after its closure my choice moved towards casino games and once again planning to switch into sports betting.
Sports betting is one of my favorite gambling as well, as you both enjoyed watching your favorite sports and winning at the same time. I see no problem using my Bitcoin for gambling, as long as it is within the budget there should be no problem regardless of its currency. Though you should have consider the value of Bitcoin, many are not spending it in preparation for the next bull run.
hero member
Activity: 2716
Merit: 588
I've done that obviously and of course the majority of us here. But at these times, I think that everyone is starting to think of preserving their bitcoins for the next bull run.

While there are some other altcoins that's also accepted in most sports books, that's what we can opt to to keep on betting with the sports we follow and would love to bet without spending our bitcoin.

Since we've got a lot of bookies that are focused with bitcoin/altcoin acceptance, soon we might see physical casinos that has bookies as well that will accept bitcoin too.

Certainly, those who are into gambling and in this forum, may have at one point bet on their favorite sports.
Once you found the crypto bookies, you may not want to go back on fiat-based sportsbetting sites.
For me, one good thing with crypto bookies is that you can bet small without worrying about what other people will say.
Can you go to a regular physical betting place and place $5 or $10? I would say, you won't do that, it's like wasting your time.
But with crypto bookies, you can place small bets very easy, and at the comfort of your home. What more can you ask for?
legendary
Activity: 2618
Merit: 1105
Tontogether | Save Smart & Win Big
My bets were much on casinos, but my initial days of gambling were much into sports betting. I enjoyed much on betting on tennis matches on directbet which is completely anonymous. The decentralised operation is completely enjoyable and it gives the best gambling experience, because soon after the match you'll see the winning amount received in the wallet which you've assigned. Later after its closure my choice moved towards casino games and once again planning to switch into sports betting.
hero member
Activity: 910
Merit: 875
Not Your Keys, Not Your Bitcoin
Have you tried betting on sports with Bitcoin? Share your experience in the comments!
Not only that, but you can bet on games and events using micro bitcoin. It makes sense when you deposit 0.001 BTC and see something like mbtc, the value gives you the feeling that you are betting large sums and having more fun than the standard $$ value in betting. However, I have a problem with Bitcoin when it comes to deposits and withdrawals, as well as network congestion. When the mempool becomes full, waiting for transactions to be confirmed, you have to double the amount of your fees to get your Bitcoin into any sportsbook, and if you are not careful, you will end up spending the money that could be used to wager on 1 or 2 games with a reasonable multiplier.
The @OP talk about using Bitcoin in sports betting, not gamble on games or slots. Most of casinos are using provider to add the sports bookie and you can't gamble using mBTC because the minimum stake is $1, not 1 Satoshi. AFAIK only Freebitco.in let you place bet with just 1 Satoshi in their sports betting, in Web 3.0 casino you can also gamble by placing bet in coin/token equivalent, but it's not Bitcoin.

What happens to casinos that have sportsbook segments, like a sub-section of sports events? Out of 10 casino or betting companies on this forum has a sportsbook because they generate more revenue than operating any of them independently, hope you understand my reference now. That being said.

When someone makes a post, either you agree or disagree, and it is your choice to interact or not but in this case, I chose to disagree and made my own point of the disadvantage of using BTC sub-sportsbook on Casino platforms, so where exactly did I say wager on games? I only say the high cost of transaction fees on a full frequency of Mempool is what I dislike, these fees should have been used for some luck on casino games and that is my opinion, mine doesn't need to go well with your experience or philosophy.

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Most of casinos are charge additional fees when you want to withdraw your coins, it's not only because of mempool are full.

I know that casinos or sportsbooks are business people and sometimes look for a way to milk players but what about the funding? I believe that counts too because by the time the Bitcoin network becomes busy in a few days to halving, you will see people paying up to $10 to get the transaction across the network. Even the Sportbook that charges less will have to increase its withdrawal fee to meet the demand of the network.
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