Sports betting has a long history, and the introduction of cryptocurrency was the latest notable occurrence that defines the industry nowadays. It is believed that half of all Bitcoin transactions fall under online gambling. And since sportsbooks are a large part of that business, they contribute to this number greatly.
The reasons for BTC sportsbooks being so popular are quite obvious. People are looking for ways to earn free Bitcoin or at least without having to invest lots of money as miners do. Besides, buying stacks of graphic cards and maintaining a mining farm is no longer such a rational idea as it used to be several years ago. That’s why people, especially sports fans, prefer cryptocurrency gambling. This may not seem like a sure way to earn BTC, but there are techniques that help increase your chances and even guarantee a loss-free scenario.
The Essence of Bitcoin Betting
So, why Bitcoin? What’s so special about it that it managed to influence the whole industry? Without beating around the bush, we’ll just say that Bitcoin managed to become what many have attempted to create – functioning digital money with no central authority or being overseen by the government. What this means is that there are close to instant transactions that don’t require any verifications with banks. Hence, no documentation and forms for the visitors, no large staff and spending money on processing payments for sportsbooks. As a result, sports betting sites are able to offer better odds and lower commissions, and in many cases, there are no fees required at all.
The reason why all this is possible is due to the blockchain technology utilized by cryptocurrencies. As there is no authority overlooking transactions, someone has to make sure all money operations go through and are recorded properly. The Bitcoin creator introduced a system where blockchain users would have to let their computers’ capacities be used for confirming these transactions, which then become a part of the blockchain serving as a global ledger.
The Superiority of BTC Betting
It took some time for people running sportsbooks and gambling sites to realize the full potential of cryptocurrency, but there are no reasons to doubt it anymore. Many people have been looking for safe and reliable platforms that would allow them to enjoy anonymous sports betting. This is basically impossible at online casinos that only accept fiat money, as a user is usually asked to confirm the identity and provide bank details. With Bitcoin, all you need to share is your Bitcoin wallet address, which is a combination of numbers and letters, not meaning anything in particular. Even if you don’t care about transactions not ever getting traced to you personally, the fact that they are protected with cryptography should be reassuring.
The Best Bitcoin Sports Betting Sites
The long list of advantages for users makes it sure that they will choose a Bitcoin gambling site rather than a traditional one. Nevertheless, sports betting sites still try to offer their clients regular bonuses, especially promising promotions, and loyalty programs that will persuade you to sign up.
This is an opportunity one should not easily miss. So, don’t hurry and look for those sites that have the best combination of the things you can benefit from: bonuses, available currencies, odds, betting options, gambling license, and so on.
You can start with the BTC sportsbooks we have reviewed and move on from there.