Sports betting has been an integral part of gambling around the world. Rather than just relying on offering the most common casino games, casino and gambling website operators had to adapt their business models to accommodate customer demand. Coingaming.io officially unveiled their Bitcoin-only sportsbook solution, just before the start of the English Premiership.
Online Gambling – Sports Betting Over Traditional Games
When it comes to online gambling, people automatically assume it has everything to do with playing popular casino games on the Internet. Offerings such as blackjack, roulette, dice games and even one-armed bandits are not hard to find online, but there is more to online gambling than these average games.
Over the course of recent years, a lot of people have taken a liking towards wagering on the outcome of sports events. Not just the traditional sports, such as football, hockey, rugby or basketball, but other sports such as MMA and even Darts are showing an increase in popularity as far as online gambling is concerned.
One of the downsides of sports betting on the Internet is having to use traditional payment methods such as bank transfers or credit cards. Both of these payment methods will show a transaction note for deposits and withdrawals, giving insight to family members and financial institutions regarding a person’s spending habits.
But this is where Bitcoin comes into the picture, as this disruptive digital currency allows sports bettors to place their wagers online without any paper trail associated with these transactions. At the time of publication, however, there weren’t too many Bitcoin-only sports betting platforms available just yet.
Coingaming.io Launches Bitcoin-only Sports Betting Feature
That situation might be about to change soon, though, now that Coingaming.io has launched their sports betting feature. This comes in addition to the white-label Bitcoin casino solution that was available through Coingaming.io already, which includes over 750 casino games and support for live dealers.
“The underlying bitcoin sportsbook technology shall offer significant advantages over traditional fiat currency based fixed-odds platforms. We have over 10,000 live betting markets on offer per week, including fast developing betting sports such as MMA and eSports. Benefits for the player include the ability to place larger bets on events on any device with better odds, instant deposits and cash-outs. These features will appeal to young smart, mobile focused sports bettors that demand instant gratification.” – Coingaming Communications Director Mark McGuinness told DigitalMoneyTimes.
What makes Coingaming.io’s sports betting feature so appealing is the way the solution has been designed. Not only will allow Coingaming.io’s sports betting solution to maximize profits for Bitcoin gambling operators, but it also increases the wide variety of services and games offered by the white label casino solution itself.
Source: Press Release via Email
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