Topic: Nitrobetting.eu - Unmatched BTC Betting and Entertainment 🎰📈🏀⚾🏈⚽ - page 7. (Read 7184 times)

Using Statistical Data to Win Sports Betting Picks

1. Choose stats based on the bet

Sounds simple enough, but a lot of times, we don’t study the right stats. For example, let’s say we’re thinking of betting over or under an MLB pitcher prop.

The total is 10.5 strikeouts. The most important stat to study isn’t how many strikeouts the pitcher averages, but how many strikeouts the pitcher has had versus today’s opponent.

We must take it even further for the stats to be more relevant. How many strike outs has the pitcher had versus today’s playing opponents. Baseball players don’t play ever day. They often do, but not all the time and turnover happens a lot in a 162 game season.

Always think of and choose relevant stats based on the wager.

2. Look at relevant stats in relation to each other

We can continue with our MLB pitcher example to illustrate the second most important use of stats on our list. But let’s switch it up.

Let’s talk about an NFL against the spread bet. Suppose Team A is -3.5 to cover the spread against Team B.

You determine the most important stat is Team A’s ability to pass the ball. Team A ranks second in passing yards per game. Ah, but after looking at Team B’s passing defense stat, you realize Team B is excellent defending against the pass.

Do you ditch the bet? Not necessarily. What if you see that Team A’s RB1 averages 5.4 yards per carry? Now what do you do?

The most relevant stat in a situation like this isn’t even a stat. It’s the head coaches and offensive coordinators ability to change strategy depending on the opponent. So if the HC and OC are willing to lean on the rushing attack to open up the passing attack, your bet on Team A might still be a good play.

3. Use trends to support or deny the validity of statistical information

Let’s say you see that the head coach and offensive coordinator have leaned on the passing attack in every game of the season. They leaned on the passing attack last season.

That doesn’t mean they won’t change the strategy for this particular game. But it does mean the chances of the two changing the strategy isn’t great.

So you could be making a losing bet. Stats may be valid overall, the Bills did average over 28 points per game last season, but may not be valid for every game, the Bills also scored less than 28 in 7-of-17 regular season games.

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Five Ways Bitcoin is Changing the Sports Betting Game



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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5 Steps to Manage Your Bankroll with Bitcoin Betting
Discussion
Understand mBTC as compared to BTC

On June 1, 2023, the price of a bitcoin was at close to $27,000 for a single coin. Don't be confused and think that when you wager, you bet in bitcoin.

When you bet with bitcoin, you bet in units of mBTC, not BTC. mBTC's are 1/1000 th of a bitcoin. So if you were to place a single mBTC on a bet on June 1, 2023, you would wager about $27.

Understanding the difference between BTC's and mBTC's is the first step in knowing how to manage your Bitcoin bankroll.

2. Know how much you are paying in transaction fees

When you use a third-party transactor, like Cash App or Coinbase, you must pay certain fees. Fees you pay don’t come close to the amount of money it costs you to fund your account via credit card.

So paying whatever transactor fees Coinbase or a similar organization charges you is well worth it. But although the transaction fees aren’t as significant as what you pay via credit cards, it’s still important to know what those fees are.

Keep track of your fees. It will help when you decide your bet amounts for each wager. It will really help if you decide to bet via the 1-unit method, for example, a personal betting unit equal to $50.

3. Find an mBTC to dollar converter that works

Test various mBTC to dollar converters to know the exact amount of money you will bet each time you make a wager.

It’s important to test the converter you choose. For example, one popular converter, Nomics, had a glitch on a day where we tested it. The glitch discounted the mBTC to dollar conversion by at least $100.

The glitch appears to have been corrected. But if we stuck with Nomics on the day the glitch occurred we would have been wagering more than we believed we were betting. So test for sure. And then, test again.

4. Keep the converter up while you bet

If you use Nomics, or any online mBTC to dollars converter, keep it up while you wager. This is excellent practice to make sure you have the correct information while you bet.

Bitcoin prices fluctuate. Therefore, mBTC prices fluctuate. You want to know how much money you are betting no matter the fluctuation in BTC market price.

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What is the Role of Blockchain Tech in Online Gaming?

Before getting into blockchain’s role in online gaming, it’s important to understand what we mean by gaming. There are two uses for the word gaming.

The first is regarding online video games

like those on Roblox or Steam. Players don’t wager money on Roblox. Instead, they make in-game purchases.

For our purposes, gaming refers to making bets on sporting events and playing 3D games like those you’d find at the MGM hotel in Vegas. Now let’s get to blockchain’s role.

Decentralization is the key

The three facets of a blockchain are security, scalability, and decentralization. Among the three, the most important aspect is decentralization.

For sure, security and scalability play a role, and will discuss that role in regard to online gaming, but both are secondary to decentralization. So what does decentralization mean?

Regarding online gaming, or sports betting and casino gaming if you prefer, decentralization is the idea that you oversee your sports wagering account and your personal information.

For example, in a traditional sportsbooks, you must hand over multiple pieces of information so you can open an account.

This isn’t true when you open a bitcoin based sportsbook account like what you do via Nitrobetting. A Nitrobetting account requires an email

. That’s it and you can start betting.

It’s truly decentralized in the sense you oversee funding your account, withdrawing from your account and, most importantly, you keep your information away from a second-party.

2. Security is the second part of blockchain’s role

Decentralization dovetails into security. A truly decentralized blockchain like Bitcoin, because the bitcoin blockchain runs on proof of work consensus instead of proof of stakes consensus, has built in security.

Proof of work blockchains, like Bitcoin, have inherent security because miners receive rewards for working.

What does this mean? It means that it’s impossible for someone to steal your transactions. Also, because online gaming companies like Nitrobetting are truly decentralized, you mustn’t give up any more personal information than providing an email address.

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Predictions and Trends for Crypto Gambling in 2024

1. A crypto gambling fork will emerge
In the crypto world, a fork happens when some users of a specific blockchain, some community members, disagree with other members of the community. What happens is those who disagree fork a crypto, creating a second currency.

This happened to Ethereum in 2016 when the crypto went through a hard fork, which means certain nodes (computers) on the network disagreed with Vatalik Buterin’s plans to turn Ethereum into a proof of stake instead of proof of work protocol.

A fork in the crypto gambling industry will occur in 2024 where players have to decide if they wish continue to play with a decentralized organization like Nitrobetting or a centralized organization like most online sports betting companies.

Although a sportsbook may accept bitcoin, it doesn’t mean it is decentralized. For example, American based U.S. sportsbooks require you to give them your social security number, which goes against Satoshi’s entire concept of Bitcoin as being decentralized and anonymous when he created the blockchain in February 2009.

Players will have to make a choice. Do they wish to be a part of the truly decentralized gambling world? Or do they wish to remain part of a centralized gambling world that accepts crypto currency as a means of payment?

2. Individual sovereignty will become a buzzword among crypto gamblers
For many gamblers, the predicted crypto gambling hard fork will result in running to online sportsbooks and casinos like NitroBetting, which require an email address to open an account and which are truly decentralized.

Another way to describe this is to use the words individual sovereignty. Crypto natives, true crypto believers, have a deep rooted sense of personal freedom and personal responsibility – – they believe they are the caretakers of their world.

Sports bettors, casino players, gamblers of all persuasion, share the same belief of personal freedom, especially when it comes to their finances. The words individual sovereignty will become a buzzword for those players who choose truly decentralized gambling.

Keep reading→ https://n2g.io/4c75063

Multi-accounting and bots are not issues that are commonly affecting our clients. Having said that, we are actively making changes around the poker in order to improve our user experience. Just recently we made a major overhaul to our tournament structure and activated a Rakeback bonus for our clients. Collusion reports are a reality and our Security team and Poker team actively follow up on any claims. In the rare case where a client felt the resolution to their report was incorrect, Nitrobetting.eu is more then willing to review and even subject our data for review. You can also contact our CS department anytime and have your complaint or comments reviewed by our Poker agents.

Congratulations, yeah rebuy means rebuy  . Nowadays almost every tournament in online poker has late registrations. They make this to reach the guaranteed price pool and not lose money, same with the rebuy. It's for preventing overlays.

I never liked nitro poker to be honest. The tournament structure is too fast, blinds go up too fast and starting stacks are low. Also there are only a few tournaments.

Worst of all, site is infested with bot players and people with multiple accounts so colluding is a big thing. Reported several accounts years ago when I played there and they never took any action or responsibility.

After not playing poker for a long time, I finally tried the 5 mBTC GTD Buy-in poker tournament using the little money I had in my wallet.
As a result, I won first place in the tournament. It is just, I didn't read the details of the tournament in advance, so I was surprised that people were still able to register during the tournament and players were also able to refill their chips after losing. 

Bitcoin Betting Beginner’s Guide
Some players, you might be one, are hesitant to play with bitcoin. Even if they understand what bitcoin is and why they should consider making wagers via BTC, they don’t understand enough about it to take the plunge.

Because of misunderstandings regarding bitcoin betting, we decided to come up with this handy guide that, hopefully, puts your bitcoin betting fears to rest.

A Closer Look on How to Gamble with BitcoinUnderstanding the difference between BTC and mBTC

You don’t bet in BTC. The price of a single bitcoin on May 11, 2023 was around $26,900. Instead, you bet in mBTC.

An mBTC is 1/1000th of a BTC. So a single mBTC on May 11, 2023, was $26.90. It’s important to understand this before moving to the guide.

Create a crypto send and receive account on Coinbase or some other facilitator

You must create an account with a company like Coinbase for you to store your crypto. Consider creating a Coinbase or CashApp account because those two are most friendly to bitcoin novices.

Once you create your Coinbase, or other account, you will see that you can trade a multitude of cryptos. You can go as far down the rabbit hole as you’d like. For our purposes we’re going to stick with BTC.

Add BTC to your send/receive crypto account

Companies like Coinbase allow you to purchase bitcoin with a debit card. Purchase as much bitcoin as you’d like.

One thing to remember is that most organizations like Coinbase will require you to verify your identity. Even then, they may place a hold on your BTC purchase. So it’s best to create your send/receive crypto account well before you plan on gambling.

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