BetVIP, the world’s first licenced bitcoin sportsbook, are doing things differently. Sports betting, the act of gambling on the outcome of a sporting event, has existed for centuries, but BetVIP are determined to bring it up to speed with the 21st century.
They have created their own online and mobile bookmaking platform which deals in the bitcoin currency, both in taking wagers and paying out winnings. There are a number of benefits to using bitcoin, from the fast transactions, the low costs of bitcoin exchange and the growing strength of the currency itself.
As the crypto-currency becomes progressively integrated into modern society, while sporting events become increasingly more global in their audience, it makes a lot sense to provide a platform that caters to the needs of both bitcoin and sports betting enthusiasts.
Given the degree of anonymity involved in the exchange of bitcoin, there may seem to be a level of risk involved in starting such an enterprise, but BetVIP have made a significant step in ensuring the security and legitimacy of their product that many other similar digital-currency sportsbooks simply cannot boast. They hold a gaming license in Curacao and will only accept bets in regulated markets.
“We might trade in an anonymous currency but we are providing complete transparency and accountability in order to build trust with our players,” says BetVIP founder and CEO Daniel Schwartzkopff, a Cape Town-based digital entrepreneur.
Their launch in June of this year happily coincided with that most international of sporting events; the World Cup. The tournament was a resounding success, both in terms of spectacle and for BetVIP. The site is now able to boast over 3,500 accounts on their site, with bettors from around the globe taking full advantage of the unique prospect to be a part of such an event.
Though it has only been two months since launch, BetVIP have wasted no time in expanding the number of markets they have to offer. From the mainstream to the niche, BetVIP’s extensive variety of markets means there’s something to cater for everyone, regardless of your specialist knowledge.
The oddsmaker is excited by the potential in the market and is working constantly to respond to users’ feedback. The expansion into even more sports and markets is high on the list of future priorities, as well as educating both those new to bitcoin and new to betting in general.
For those eager to join in the action, the return 2014/15 Premier League season, just over a week away now, presents a great opportunity to get on board. From the outright league winners, to the coveted golden boot to the myriad of individual match markets, there’s plenty to get your teeth stuck into.
All new customers can take advantage of a 100% first deposit bonus with BetVIP, meaning there is simply no better time to get involved in bitcoin betting.