Topic: Five Ways Bitcoin is Changing the Sports Betting Game (Read 218 times)

Not every Bitcoin casino offers complete anonymity because there are already several casinos that requires KYC verifications, especially with the players who place huge amount of bets and withdraws a lot in a massive sum as well.

10% transfer fees? Man, I don't think casinos who charged their clients that high will sustain with the level of competition in this industry.


2. Bitcoin sportsbooks allow players to keep their privacy

3. Withdrawing winnings in bitcoin is usually faster than withdrawing fiat currency

4. Bitcoin sportsbooks provide fairer odds

The fourth reason is also plausible. For the most part bitcoin casinos are provably fair, so they are very reliable and trustworthy when it comes to game outcomes and processing of eventualities. And while provably fair could be cheated with, it's so hard to do so that you might as well just use the model fair and square instead.

Funding fees with bitcoin are lower than traditional funding methods

When we use our credit cards to fund our sports betting accounts, we often must pay a close to 10% fee. The 10% funding fee comes from our sportsbooks.

To be fair, most online sportsbooks that primarily accept fiat currency are passing on costs to us, to their players. So the 10% isn’t always sportsbook operators gouging their customers.

2. Bitcoin sportsbooks allow players to keep their privacy

Keeping one’s privacy, especially today, is tantamount to maintaining one’s individual and digital life sovereignty.

Bitcoin sportsbooks, true BTC books like Nitrobetting, ask for a single piece of info, an email address. Since all transactions are done in bitcoin, which means they’re peer-to-peer and anonymous, there’s no reason for a BTC book to ask for more of your personal info.

I do agree with anonymity, but with others, it would be hard for me to say yes as well. I've been betting using fiat and crypto but things are somewhat the same except for anonymity and avoiding taxes. But with speed, in my area I'd say both paymebt options are somewhat the same. With fiat  there is a traffic with 'orders' becaude each payments are being sent to your mobile banking but with crypto is thru exchanges. With odds, I think it is because of the volume of bettors which are obviously larger with fiat which creates differences on it. Let's be real; using crypto in online gambling has its own advantages and so do fiat sinply because there's a huge difference with overall adoption of these two. But if it is jist by concept then for sure betting through Bitcoin and other cryptos would be better however it is not as widely being used yet which creates limitations into it as well.

When we use our credit cards to fund our sports betting accounts, we often must pay a close to 10% fee. The 10% funding fee comes from our sportsbooks.

To be fair, most online sportsbooks that primarily accept fiat currency are passing on costs to us, to their players. So the 10% isn’t always sportsbook operators gouging their customers.

The first part is tough to say because some exchanges charge way bigger fees than other exchanges so you'll sometimes be surprised at how much you'll have to pay after buying BTC from some of these popular exchanges.

The fourth way is only accurate for a couple of crypto sportsbooks. Lower or free withdrawal fees on crypto sportsbooks won't always encourage them to reduce the juice or house edge on their lines overall. They would even start to juice their lines compared to before because of how big they are and no one would mention it.

Funding fees with bitcoin are lower than traditional funding methods

When we use our credit cards to fund our sports betting accounts, we often must pay a close to 10% fee. The 10% funding fee comes from our sportsbooks.

To be fair, most online sportsbooks that primarily accept fiat currency are passing on costs to us, to their players. So the 10% isn’t always sportsbook operators gouging their customers.

However, 10% is a lot. Not only that, but our credit card companies might charge a fee on top of the 10%. Fees we pay to fund our sportsbook accounts are transaction fees from where we keep our wallets, Coinbase

, Cash App, etc. There is no true middle entity like Visa or Mastercard when it comes to bitcoin transactions.

2. Bitcoin sportsbooks allow players to keep their privacy

Keeping one’s privacy, especially today, is tantamount to maintaining one’s individual and digital life sovereignty.

Bitcoin sportsbooks, true BTC books like Nitrobetting, ask for a single piece of info, an email address. Since all transactions are done in bitcoin, which means they’re peer-to-peer and anonymous, there’s no reason for a BTC book to ask for more of your personal info.

3. Withdrawing winnings in bitcoin is usually faster than withdrawing fiat currency

Withdrawing in fiat currency has to go through numerous checks and balances before we can get our winnings. This makes sense because fiat currency involves centralized banks.

Bitcoin is decentralized. So withdrawals happen much faster.

4. Bitcoin sportsbooks provide fairer odds

Because bitcoin only sportsbooks don’t charge deposit or withdrawal fees, they can offer fairer odds. The house edge is often lower for a BTC book.

Money lines are often fairer. Handicap lines in soccer, the Asian handicap, are almost always more fair. As sports handicappers, the best we can do is ask for a fair line.

In a lot of ways, that’s all we can do. Fair lines allows us to use our handicapping skills to find winning plays.

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The Privacy you mentioned is the highest advantage of the Bitcoin casinos since one can play,  win withdraw without any third-party involvement such as banks or any other payment system that collects your information