The combination of Bitcoin and regulation is not a happy marriage so far, but that doesn’t mean things are not going to improve sooner or later. Ever since BitLicense was released in the state of New York, many companies decided to abandon that local market. But Bitcoin Sportsbook mBit Casino is seeing a major increase in the number of bets ever since the NY Attorney General announced restrictions.
2014 was quite an interesting year for Bitcoin, as the total number of transactions processed by BitPay were on the rise, compared to the year before. It has come to our attention that that number of transactions processed by BitPay is just a fraction of the total network transactions, most of which took place through marketplaces on the darknet.
Shady Marketplaces Favour Bitcoin Payments
Even though this topic has been touched upon multiple times in the past, people still associate Bitcoin transactions with illegal activities. To a certain extent, there is merit to that statement, as shady online marketplaces prefer Bitcoin payments for its alleged anonymity. Bitcoin is not anonymous, it’s pseudonymous, and it is far from an ideal payment method when involved in illegal transactions of any kind.
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.
In recent years, we have seen a partnership develop between online gambling websites and Bitcoin enthusiasts. Not just because Bitcoin offers so many advantages for the sites themselves, but also because customers can remain anonymous while gambling. But there is another avenue of betting that is worth exploring with Bitcoin, and that is sports betting.
Finding A Bitcoin Sports Betting Website
While the task of finding a proper sports betting website that accepts Bitcoin can be rather tedious, there are quite a few options at your disposal. Even though the success between online gambling and digital currency is plain for anyone to see, sports betting is a slightly different creature compared to your average casino website.
Today is all about the Super Bowl in the United States. It has to be said however that this sports event is turning into an international holiday of some sorts, as the event is broadcasted live in so many countries, and people (including myself) gladly stay awake until the middle of the night to see it live. But what if you wanted to place some Bitcoin bets on the outcome of the Super Bowl? Who is giving you the best odds at this time? Let’s take a look !
All of the following sites are taken directly from the Bitcoin Wikipedia page.
A few days ago, when I was looking around to do articles on some new services, I came across DogeBetz, a dedicated DogeCoin Sports Betting website. After getting in touch with the owners to ask for approval on me doing an article , here we are, so let’s take a look!
DogeBetz is a website created by Dogecoin enthusiasts, for DogeCoin enthusiasts. The current focus on the website is betting on upcoming World Cup games. More sports, such as tennis and NASCAR are coming soon.
We all like to put down a little wager every now and the, especially when it comes to sports. However, most “established” sports betting sites aren’t too keen on Cryptocurrency, yet. Understandable, as it requires a lot of regulation and paperwork.
There is a service however, called AltBetFair, that only supports Cryptocurrency for sports betting. It might not be as a big as a Bwin or PaddyPower, but there’s good fun to be had, and the person behind AltBetFair is a classy guy.