Bitcoin is altering the way people gamble in many ways, and the vast majority of these ways can only be seen in a positive light. Perhaps the biggest way in which Bitcoin is changing things up is this though: it is a currency without borders, accepted by sportsbooks no matter where you happen to be. So, whether you’re in the USA or the middle of Africa, you’ll find you can bet with Bitcoin. Of course, you should check your local laws and regulations though, just to ensure betting is legal where you are.
Another way in which Bitcoin is changing things is the fact that it is removing middlemen from the equation, and this can save gamblers not only time, but also money. The fact that all transactions are also visible on the blockchain means that fraud is removed almost entirely, meaning that the Bitcoin gambling world is a safer and more secure than its traditional counterpart. Of course, you should still exercise some caution though, just to ensure your personal details remain personal.
Speaking of personal details, most Bitcoin gambling sites will not require excessive personal info when depositing or withdrawing. In fact, some Bitcoin gambling sites simply work using your IP address, never requiring you to enter any personal details at all. In a time when personal privacy is a hot topic, it’s nice to see that it’s possible to gamble online without having to give too much about you away. So, if you want to bet with anonymity, using Bitcoin is often the only option open to you.
If you’re interested in registering at an anonymous sportsbook, see our full list here.
Gambling with Bitcoin is also often more exciting than gambling with fiat currency, and this is for one reason: Bitcoin values are constantly fluctuating, so any wins you receive could be compounded by this price growth, and that is clearly something that is very beneficial to all Bitcoin gamblers – as well as something you certainly won’t get when betting with standard currency. Of course, the value of Bitcoin could also drop, which is why it pays to keep one eye on how the markets are performing.
It’s also important to remember this: Bitcoin sportsbooks are often largely automated affairs, and this means that there’s a real lack of staffing costs for the sportsbook to absorb. But why is the fact that Bitcoin sportsbooks have lower running costs important? Well, it’s simple: lower running costs can often be passed down to the gambler, in the form of better odds – and is there anything more important to an online gambler than getting the best odds possible? You’ll also find that there’s an almost complete lack of fees when gambling online using Bitcoin, meaning you can save more of your money for gambling online.
So, you can clearly see that there are many ways in which Bitcoin is changing the online gambling world for the better, from favorable odds, all the way through to increased anonymity. If you want to experience Bitcoin gambling for yourself, why not sign-up with one of the sportsbooks we recommend and place a few bets today?