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.
Topic: Five Ways Bitcoin is Changing the Sports Betting Game - page 2. (Read 206 times)
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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