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Topic: Why Opening an Account in a Bitcoin Sportsbook is the Future of Sports Betting (Read 780 times)

legendary
Activity: 2394
Merit: 1848
Leading Crypto Sports Betting & Casino Platform

If we start to see there are some casinos that are old and that do not offer so many bonuses, or so many promotions where the wagering requirements are very high or impossible, the reason is simple, they have the necessary confidence not to resort to it, however The old casinos prefer to do other types of promotions, focused only so that the player receives a benefit without having to do much, at most 1x, which I think is very good, others simply don't give the benefit and that's it , the player He feels better and knows that he is taken into consideration in order to have the client there Loyal to the casino, not bad and it is a better way to hook the Player.

That's why I'm also quite fond of and amazed by the old casinos that are also in this forum because they have their own way to continue to maintain loyal customers and provide satisfaction and benefits for gamblers who play there without having to make it difficult with several requirements as in some top new casino.
Maybe this is an important point that has always been prioritized by old casinos because if they have to compete for various promotions and bonuses they will not be able to because they are already less popular.
But even so, old casinos can still be relied on, especially for those that are already well-known and have a very good reputation, so we can comfortably play there.

In fact, I don't know if you have noticed, but casinos that are old when they offer bonuses are not like the bonuses offered by most casinos that are relatively new, or that are establishing themselves in the world of gambling, however When I enter casinos like stake.com, bitcasino.io, they are quite good to be able to have bonuses because they mostly reward loyalty, and when it comes to soccer teams where they sponsor, what they do is give money pro bonus style hber won that team, in this sense I think that the concept of bonuses in casinos that are old is much better, in the case of bitcasino when a contest is won, the maximum wager is 1x, that seems something to me honest and fair.
member
Activity: 742
Merit: 12
Global peace initiative
One of the ease that comes with Bitcoin accepting casinos is that players can deposit from anywhere and at any time. e without the restriction that is normally faced with depositing fiat, this is what most players have enjoyed most with online sportsbooks compared to traditional sports bookmarks.
sr. member
Activity: 910
Merit: 290
Sports betting with bitcoin looks good bitcoin is the first choice of gamblers and this currency is better than other currencies for gambling. But many gamblers do choose other currencies for being more expensive. One of the transactions bitcoin casinos are using is sports betting many sports betting sites now accept bitcoin and other cryptocurrencies as payment methods. As the bitcoin casino space becomes more and more competitive, platforms need to find new ways to attract players to their sites. It usually centers on offering very lucrative bonuses.
That is because Bitcoin is also the first crypto. If you are one of the early adopters, you will be more confident about it than the other crypto. Just leave others if they choose altcoins and tokens over Bitcoin. It's already their problem once something bad happen on those cryptos. Sports betting is not a transaction but it's a platform used by the people if they want to have some fun and earn some profits.

Deposit and withdrawing money in a sports betting site is what you call a transaction. Bonuses is one of the ways to attract a gambler but bonuses are most of the times hard to get, so a gambler should focus on other things instead like the quality of games, and how good is the design of the website.

Many of us in the forum always want to make transactions with Bitcoin and withdraw money in Bitcoin, the bad thing is the high fees, I had a surprise a short time ago, I went to make my normal withdrawal, and I always leave my money in the electrum wallet and take it out with the highest fee because what is charged is a maximum of 2 dollars, and I did it like this, my surprise was that almost 22 dollars left me in just the fee, which I almost cried, so if it's nothing else in a wallet, in A casino will also increase the price when bitcoin rises in price, and that is what casinos must correct so that they do not charge such high fees.
hero member
Activity: 2842
Merit: 772
Sports betting with bitcoin looks good bitcoin is the first choice of gamblers and this currency is better than other currencies for gambling. But many gamblers do choose other currencies for being more expensive. One of the transactions bitcoin casinos are using is sports betting many sports betting sites now accept bitcoin and other cryptocurrencies as payment methods. As the bitcoin casino space becomes more and more competitive, platforms need to find new ways to attract players to their sites. It usually centers on offering very lucrative bonuses.
That is because Bitcoin is also the first crypto. If you are one of the early adopters, you will be more confident about it than the other crypto. Just leave others if they choose altcoins and tokens over Bitcoin. It's already their problem once something bad happen on those cryptos. Sports betting is not a transaction but it's a platform used by the people if they want to have some fun and earn some profits.

Deposit and withdrawing money in a sports betting site is what you call a transaction. Bonuses is one of the ways to attract a gambler but bonuses are most of the times hard to get, so a gambler should focus on other things instead like the quality of games, and how good is the design of the website.

Yes, and we can say that gambling is the first use case of bitcoin per se, as we have seen our it turns out to be one of the favorite for gamblers around the world. Initially, we just deposit and withdraw it without going into KYC procedure.

But since bitcoin has grown so much in the last 10 years or so and crypto based gambling becoming a billion dollar business, no wonder governments and regulatory body are now enforcing and mandating KYC for everyone. But still though, it didn't deter majority of us gamblers and we still continue to gamble despite this regulations now.
hero member
Activity: 2786
Merit: 606
Sports betting with bitcoin looks good bitcoin is the first choice of gamblers and this currency is better than other currencies for gambling. But many gamblers do choose other currencies for being more expensive. One of the transactions bitcoin casinos are using is sports betting many sports betting sites now accept bitcoin and other cryptocurrencies as payment methods. As the bitcoin casino space becomes more and more competitive, platforms need to find new ways to attract players to their sites. It usually centers on offering very lucrative bonuses.
That is because Bitcoin is also the first crypto. If you are one of the early adopters, you will be more confident about it than the other crypto. Just leave others if they choose altcoins and tokens over Bitcoin. It's already their problem once something bad happen on those cryptos. Sports betting is not a transaction but it's a platform used by the people if they want to have some fun and earn some profits.

Deposit and withdrawing money in a sports betting site is what you call a transaction. Bonuses is one of the ways to attract a gambler but bonuses are most of the times hard to get, so a gambler should focus on other things instead like the quality of games, and how good is the design of the website.
hero member
Activity: 1470
Merit: 521
Leading Crypto Sports Betting & Casino Platform

If we start to see there are some casinos that are old and that do not offer so many bonuses, or so many promotions where the wagering requirements are very high or impossible, the reason is simple, they have the necessary confidence not to resort to it, however The old casinos prefer to do other types of promotions, focused only so that the player receives a benefit without having to do much, at most 1x, which I think is very good, others simply don't give the benefit and that's it , the player He feels better and knows that he is taken into consideration in order to have the client there Loyal to the casino, not bad and it is a better way to hook the Player.

That's why I'm also quite fond of and amazed by the old casinos that are also in this forum because they have their own way to continue to maintain loyal customers and provide satisfaction and benefits for gamblers who play there without having to make it difficult with several requirements as in some top new casino.
Maybe this is an important point that has always been prioritized by old casinos because if they have to compete for various promotions and bonuses they will not be able to because they are already less popular.
But even so, old casinos can still be relied on, especially for those that are already well-known and have a very good reputation, so we can comfortably play there.
hero member
Activity: 2856
Merit: 541
Leading Crypto Sports Betting & Casino Platform
Well, I believe Bitcoin used to be the first choice of gamblers for gambling on online crypto gambling platforms, but nowadays, most gamblers use stable coins like USDT or USDC, and the reason for that is because they are not volatile so there is no devaluation in between your gambling sessions which might happen with Bitcoin since it's volatile and can drop value any time.

Another reason for choosing stable coins is to be able to easily understand your betting amount, your wins and losses, how much was your bankroll initially and how much it is when the session is ended, it will be pretty difficult with Bitcoin since you can't see the USD value that way.
And gamblers now have more choices of coins to gamble on besides using Bitcoin as a coin to gamble. They could just choose a coin with low transaction fees so they won't be affected by the sudden increase in bitcoin transaction fees. And it also won't interfere with their gambling activities because they can deposit and withdraw their money without worrying about the low transaction fees.

Choosing a stable coin is also not a problem, especially in terms of transaction fees because this stable coin also has a network that doesn't ask for high transaction fees. It helps them more when avoiding using bitcoins as deposit and withdrawal coins.
Though you are right that transaction fees can be an issue sometimes due to network congestion for Bitcoin, that isn't a usual problem because Bitcoin transaction fees are pretty low in usual times and one can easily make a transaction only by spending a few cents to a dollar and only maybe a couple of dollars if they want their transaction to get confirmed more quickly.

Stable coins are good for gambling also because it's easy to keep track of your bankroll if its in a stable coin because they are equal to the value of USD, but if your bankroll is in BTC or any other cryptocurrency, you will have a hard time determine your bankroll with only a glance.
Maybe bitcoin transaction fees have dropped dramatically and are not the same as some time ago. But we've had so many times where transaction fees have increased that it bothers us as little gamblers. Those of us who are used to using bitcoins to be sent to gambling accounts are forced to use other coins so we can keep gambling.

And some time ago, I also had time to use USD and LTC for gambling, which was not affected by the high bitcoin transaction fees. And I think some casinos have implemented an automatic conversion from one coin to stablecoins to see how much the balance in our gambling account is.
sr. member
Activity: 2520
Merit: 329
Well, I believe Bitcoin used to be the first choice of gamblers for gambling on online crypto gambling platforms, but nowadays, most gamblers use stable coins like USDT or USDC, and the reason for that is because they are not volatile so there is no devaluation in between your gambling sessions which might happen with Bitcoin since it's volatile and can drop value any time.

Another reason for choosing stable coins is to be able to easily understand your betting amount, your wins and losses, how much was your bankroll initially and how much it is when the session is ended, it will be pretty difficult with Bitcoin since you can't see the USD value that way.
And gamblers now have more choices of coins to gamble on besides using Bitcoin as a coin to gamble. They could just choose a coin with low transaction fees so they won't be affected by the sudden increase in bitcoin transaction fees. And it also won't interfere with their gambling activities because they can deposit and withdraw their money without worrying about the low transaction fees.

Choosing a stable coin is also not a problem, especially in terms of transaction fees because this stable coin also has a network that doesn't ask for high transaction fees. It helps them more when avoiding using bitcoins as deposit and withdrawal coins.
Though you are right that transaction fees can be an issue sometimes due to network congestion for Bitcoin, that isn't a usual problem because Bitcoin transaction fees are pretty low in usual times and one can easily make a transaction only by spending a few cents to a dollar and only maybe a couple of dollars if they want their transaction to get confirmed more quickly.

Stable coins are good for gambling also because it's easy to keep track of your bankroll if its in a stable coin because they are equal to the value of USD, but if your bankroll is in BTC or any other cryptocurrency, you will have a hard time determine your bankroll with only a glance.
hero member
Activity: 2856
Merit: 541
Leading Crypto Sports Betting & Casino Platform
Using Bitcoin is the main choice for gamblers. If bitcoin transactions are very expensive, they will immediately switch to altcoins or stablecoins like some time ago when bitcoin transactions increased very high. But casino sites will still charge us transaction fees regardless of the coin. That is why if casinos also apply bitcoin transaction fees to increase because transaction fees from the network also increase, we must be wise in responding to it. We can also take a short break which will refresh us when we want to play gambling after everything returns to normal. And sooner or later, transaction fees will come down again and we're seeing that now.
Well, I believe Bitcoin used to be the first choice of gamblers for gambling on online crypto gambling platforms, but nowadays, most gamblers use stable coins like USDT or USDC, and the reason for that is because they are not volatile so there is no devaluation in between your gambling sessions which might happen with Bitcoin since it's volatile and can drop value any time.

Another reason for choosing stable coins is to be able to easily understand your betting amount, your wins and losses, how much was your bankroll initially and how much it is when the session is ended, it will be pretty difficult with Bitcoin since you can't see the USD value that way.
And gamblers now have more choices of coins to gamble on besides using Bitcoin as a coin to gamble. They could just choose a coin with low transaction fees so they won't be affected by the sudden increase in bitcoin transaction fees. And it also won't interfere with their gambling activities because they can deposit and withdraw their money without worrying about the low transaction fees.

Choosing a stable coin is also not a problem, especially in terms of transaction fees because this stable coin also has a network that doesn't ask for high transaction fees. It helps them more when avoiding using bitcoins as deposit and withdrawal coins.
legendary
Activity: 1904
Merit: 1096
Leading Crypto Sports Betting & Casino Platform
Using Bitcoin is the main choice for gamblers. If bitcoin transactions are very expensive, they will immediately switch to altcoins or stablecoins like some time ago when bitcoin transactions increased very high. But casino sites will still charge us transaction fees regardless of the coin. That is why if casinos also apply bitcoin transaction fees to increase because transaction fees from the network also increase, we must be wise in responding to it. We can also take a short break which will refresh us when we want to play gambling after everything returns to normal. And sooner or later, transaction fees will come down again and we're seeing that now.
Well, I believe Bitcoin used to be the first choice of gamblers for gambling on online crypto gambling platforms, but nowadays, most gamblers use stable coins like USDT or USDC, and the reason for that is because they are not volatile so there is no devaluation in between your gambling sessions which might happen with Bitcoin since it's volatile and can drop value any time.

Another reason for choosing stable coins is to be able to easily understand your betting amount, your wins and losses, how much was your bankroll initially and how much it is when the session is ended, it will be pretty difficult with Bitcoin since you can't see the USD value that way.
You make some really valid points. There have been significant changes in the dynamics of crypto-based online gaming. As a'safe harbour' from the choppy waters of crypto volatility, stablecoins like USDT and USDC make a lot of sense for gamblers. Bitcoin's dramatic price swings are a downside to its otherwise revolutionary and useful nature. The bettor has a genuine fear; even if you win a bet, you might lose money if the price of Bitcoin drops. Someone with a lot of skin in the gambling game might not be willing to take that chance.

It's also important that you can clearly grasp the betting amount and keep track of your wins and losses, as you've pointed out. Instead of having to account for Bitcoin's shifting value, stablecoins offer a more obvious reference point for gauging one's gaming performance. Remember that Bitcoin is still a powerful cryptocurrency, and that its scaling problems are being steadily resolved. Gamblers may find it easier to stick with Bitcoin if the Lightning Network and other second-layer solutions gain traction.
hero member
Activity: 854
Merit: 1246
Op upon all the grammars you speak here, you forget to put the website link for people to see. Where is the domain name of the proposed site?  I wanted to see the the particular website you are advertising and when I enter google to find. I could not see any bitcoin sportsbooks but "Best Bitcoin Sportsbooks" if you provided the website link, it would have been easier for people to visit the site. So now your are advertising a blank website.
sr. member
Activity: 2072
Merit: 337
Using Bitcoin is the main choice for gamblers. If bitcoin transactions are very expensive, they will immediately switch to altcoins or stablecoins like some time ago when bitcoin transactions increased very high. But casino sites will still charge us transaction fees regardless of the coin. That is why if casinos also apply bitcoin transaction fees to increase because transaction fees from the network also increase, we must be wise in responding to it. We can also take a short break which will refresh us when we want to play gambling after everything returns to normal. And sooner or later, transaction fees will come down again and we're seeing that now.
Well, I believe Bitcoin used to be the first choice of gamblers for gambling on online crypto gambling platforms, but nowadays, most gamblers use stable coins like USDT or USDC, and the reason for that is because they are not volatile so there is no devaluation in between your gambling sessions which might happen with Bitcoin since it's volatile and can drop value any time.

Another reason for choosing stable coins is to be able to easily understand your betting amount, your wins and losses, how much was your bankroll initially and how much it is when the session is ended, it will be pretty difficult with Bitcoin since you can't see the USD value that way.
sr. member
Activity: 1036
Merit: 258
★Bitvest.io★ Play Plinko or Invest!
Sports betting with bitcoin looks good bitcoin is the first choice of gamblers and this currency is better than other currencies for gambling. But many gamblers do choose other currencies for being more expensive. One of the transactions bitcoin casinos are using is sports betting many sports betting sites now accept bitcoin and other cryptocurrencies as payment methods. As the bitcoin casino space becomes more and more competitive, platforms need to find new ways to attract players to their sites. It usually centers on offering very lucrative bonuses.
hero member
Activity: 2856
Merit: 541
Leading Crypto Sports Betting & Casino Platform
I play at multiple sportsbooks so bitcoin books are a must. Instead of keeping money at 3 books, I can transfer money back and forth fast.
But since you do it , bitcoin transactions are very expensive, and if you use LN it is still expensive , it is best to Choose to use sports betting with a site that guarantees that you can withdraw without fees, there are casinos that do it and that assume that expense , and the casinos that implement it will be loved by the players, any player who takes 20 dollars or 10 dollars or even 5 dollars hurts , because to win 1 dollar Playing sometimes it becomes quite difficult to leave them there for a fee that is very much stop, I do not think that these things Should be left like that, the more Improvements they make in a casino, the more they will Attract their clients and they will be more Successful.
Using Bitcoin is the main choice for gamblers. If bitcoin transactions are very expensive, they will immediately switch to altcoins or stablecoins like some time ago when bitcoin transactions increased very high. But casino sites will still charge us transaction fees regardless of the coin. That is why if casinos also apply bitcoin transaction fees to increase because transaction fees from the network also increase, we must be wise in responding to it. We can also take a short break which will refresh us when we want to play gambling after everything returns to normal. And sooner or later, transaction fees will come down again and we're seeing that now.
legendary
Activity: 2394
Merit: 1848
Leading Crypto Sports Betting & Casino Platform
The thread is very interesting,especially for casinos that always demand such high requirements,Generally the casinos that are older do not realize that their offers and Promotions are not much about those bonuses? Or those promotions that so many new casinos do?It's simple,they understood that as people play they only seek to win, and that a bonus generally achieves that goal by being more Beneficial for the casino, Where there are fairer Promotions and that may have a Greater or equivalent weight to the player, I think That's where things would change.

I agree with what you said mate and the average older casinos prioritize customer service to the exclusion of bonuses.
Actually, all are equally important, but having good service can make customers feel satisfied and become loyal customers.
It's different from bonuses, because if a gambler plays or is interested in a casino, it's only caused by a bonus, so in the future, if there is a more attractive bonus, he can just leave the casino and prefer another casino with a more attractive bonus.
I myself prefer service over bonuses for things that the casino should prioritize.

If we start to see there are some casinos that are old and that do not offer so many bonuses, or so many promotions where the wagering requirements are very high or impossible, the reason is simple, they have the necessary confidence not to resort to it, however The old casinos prefer to do other types of promotions, focused only so that the player receives a benefit without having to do much, at most 1x, which I think is very good, others simply don't give the benefit and that's it , the player He feels better and knows that he is taken into consideration in order to have the client there Loyal to the casino, not bad and it is a better way to hook the Player.
hero member
Activity: 1386
Merit: 504
Leading Crypto Sports Betting & Casino Platform

^Or probably the OP wanted only to share his thought about sportsbooks using BTC. If OP aggressively wanted to promote his gambling casino for sure he wear also a signature under his profile but he is not. He is talking in general about the sportsbook and does not mention any name on it. We have here different sportsbooks to use which we prefer. But if he is repeatedly posting the same topic, that is spamming and should be against the forum rules.
I also think that the Op doesn't seem to mention or use any signature code even though he is a representative of his own casino.
Here I just think that Op only shares something good when gambling or creating an account at a bitcoin sportsbook which is safer and more comfortable and I think this topic leads to forum users who have just joined looking for gambling.
legendary
Activity: 2394
Merit: 1848
Leading Crypto Sports Betting & Casino Platform
People judging Nitrobetting after one post in 11 years already had their mind made up. We need to play at a casino before having an opinion. Then we can post the positive or negative.
If Nitrobetting is just that good, there's no need for this. The topic even has no substance; Bitcoin sportsbook would solve issues regarding delay on payments? Have you tried doing so? 'coz as far as I know, things are the same between other crypto based gambling sites and this so called bitcoin sportsbook. It would only vary on the amount of gas or transaction fee which is for me lower with other cryptocurrency. This is also the reason why I stopped engaging with platforms only accepting Bitcoin as a mode of payment. Personally I have never tried it with Nitrobetting but, that's not the point here; the way a project is being promoted simply reflects the kind of service it is providing. They should be aware of it to prohibit their campaign participants.

I personally think that betting on Betting sites that only accept bitcoin is not bad, it's a good thing, I like to see sites that can only do transactions with bitcoin, but since the price is so volatile, what should we look for? It is that when the bitcoin is very high in price, the site has at least LN to minimize the fees, there were many problems when the btc was at $70k, because the fees are very high and that is what should be avoided, in addition to the The fact that it is only for the acceptance of btc for deposit and withdrawal seems to me to be something very authentic,we cannot help but see the good side of all this.
hero member
Activity: 2464
Merit: 585
I can't think of a cryptocurrency casino that only accepts bitcoin as a payment method for depositing or withdrawing funds, maybe some of them started only by accepting Bitcoin but they started accepting more altcoins gradually and almost every single platform these days accept several altcoins alongside Bitcoin for transactions.

Even though we know and understand that this network congestion is temporary, it is always better to have other options available since such situations occur every now and then and one can easily use an alternative coin for deposits and withdrawals in such situations.
This is like restaurant only accepting cash, while there are without a doubt restaurants out there doing this, the more payment options you offer to your clients the more of them you can offer your services to, so a casino that is only accepting bitcoin as a deposit is limiting themselves greatly and soon enough they will find themselves lagging behind their competitors which accept multiple altcoins as well, forcing them to either accept altcoins as well or go through a downward spiral from which they may never recover.
It is barely the case with any casino or gambling platform these days, almost all of them accept more than just Bitcoin since they know how popular altcoins have become as well and most people these days use mostly altcoins for such things and if they don't allow deposits and withdrawals with altcoins and don't accept other coins than Bitcoin, they will surely lack behind.

I know some platforms started with just Bitcoin but even those platforms have started accepting other cryptocurrencies later when they started getting popular so that they can stay in the competition when cryptocurrency platforms were getting so much hype.
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
Even if Bitcoin is the greatest currency to use for sports betting, it's probable that the majority of us will look for casinos that support another sort of altcoin in order to avoid paying huge transaction fees. Everyone will be affected by the mempool congestion, and we won't be able to withdraw our money easily with any other options.
Bitcoin is without a doubt the most significant top coin we could select, but at the moment, I believe the main focus of players is simply to discover casinos that offer reduced fees or find ways to transact without having a significant impact on their funds.
I can't think of a cryptocurrency casino that only accepts bitcoin as a payment method for depositing or withdrawing funds, maybe some of them started only by accepting Bitcoin but they started accepting more altcoins gradually and almost every single platform these days accept several altcoins alongside Bitcoin for transactions.

Even though we know and understand that this network congestion is temporary, it is always better to have other options available since such situations occur every now and then and one can easily use an alternative coin for deposits and withdrawals in such situations.
This is like restaurant only accepting cash, while there are without a doubt restaurants out there doing this, the more payment options you offer to your clients the more of them you can offer your services to, so a casino that is only accepting bitcoin as a deposit is limiting themselves greatly and soon enough they will find themselves lagging behind their competitors which accept multiple altcoins as well, forcing them to either accept altcoins as well or go through a downward spiral from which they may never recover.
hero member
Activity: 1904
Merit: 540
Leading Crypto Sports Betting & Casino Platform
Even if Bitcoin is the greatest currency to use for sports betting, it's probable that the majority of us will look for casinos that support another sort of altcoin in order to avoid paying huge transaction fees. Everyone will be affected by the mempool congestion, and we won't be able to withdraw our money easily with any other options.
Bitcoin is without a doubt the most significant top coin we could select, but at the moment, I believe the main focus of players is simply to discover casinos that offer reduced fees or find ways to transact without having a significant impact on their funds.
I can't think of a cryptocurrency casino that only accepts bitcoin as a payment method for depositing or withdrawing funds, maybe some of them started only by accepting Bitcoin but they started accepting more altcoins gradually and almost every single platform these days accept several altcoins alongside Bitcoin for transactions.

Even though we know and understand that this network congestion is temporary, it is always better to have other options available since such situations occur every now and then and one can easily use an alternative coin for deposits and withdrawals in such situations.
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