As crypto gambling’s popularity rises, traditional gambling’s popularity wanes. But before jumping into crypto gambling, it’s important to know the pros and cons of both. Below, we list three pros and three cons for traditional gambling and crypto gambling.
Traditional Gambling Pros
Familiarity
Online sports betting has been around for close to 30 years. We’re familiar with how traditional online sports betting works.
Most available sports betting options
Sportsbooks don’t allow betting on every available options. But they do allow most sports betting options.
Bets are in U.S. dollars or other fiat currency
It’s easy to bet in your nation’s currency. Traditional gambling allows us to wager in dollars if we’re a U.S. citizen or Canadian dollars if we’re Canadian.
Traditional Gambling Cons
Credit card companies may not allow you to fund your gambling account
Credit card companies are middle entities. They give you credit and then help you facilitate transactions. Because it’s the credit card company’s money, they have the right to dictate how you spend your money.
Credit card companies hate sportsbooks. Bottom line? They won’t allow you to fund your sportsbook account with their money. Also, funding with credit cards requires paying big fees, sometimes, over 10%.
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