If you already have the basic idea of bitcoin and you are totally decided to use it in gambling, then this additional information is perfect for you. Many news from the mainstream media today, reports bitcoin negatively, perhaps this is due to government’s influence. If you would further understand the benefits of bitcoin not only in gambling but also in other online transactions, you would realize that skeptical news is wrong. In fact, even multinational companies are now adopting the use of bitcoin, like The Pirate Bay which started with bitcoins transaction in 2013, and WordPress in 2012. Currently, the sportsbook is now being turned from its regular function using fiat currency to bitcoin. There are numerous bitcoin sports betting sites today that operates globally and accepting all BTC transactions.
Bitcoin Sports Betting Sites vs. Regular Sportsbook
Both the bitcoin sports betting sites and regular sportsbook are used for online sports gambling and casino. The major difference between the two is how betting becomes more convenient with bitcoin sports betting sites. Bitcoin sports betting sites uses cryptocurrency such as Bitcoin, Ethereum, etc. compared to the fiat currency used by the regular sportsbook. In bitcoin sports betting sites, gamblers can place their wager anonymously and with low-cost options. Unlike in a regular sportsbook where gamblers have to enter their credit card number and perform numerous transaction verification with multiple fees. Gambling at bitcoin sports betting sites is a lot safer and comfortable than gambling at a regular sportsbook.
Before you can start placing bets on bitcoin sports betting sites, the very first thing to do is to get your bitcoins. There is a number of popular BTC exchanges today where selling, purchasing, and trading bitcoin is available. Fiat currency is converted to bitcoins and vice versa and its value is affected by the current market swings. Another popular alternative way to get bitcoin for gambling on bitcoin sports betting sites is through mining. However, this second way seldom exists and requires high-end hardware to be successful. Remember that BTCs are not infinite and there are only 21 million amounts of it that exist globally for the exchanges of transactions.
How Bitcoin Sports Betting Works
Bitcoin sports betting sites works in the same manner as the regular sports betting sites. This works in placing bets along with the standard methods of winnings through odds. This covers casino games like bitcoin baccarat, slots, poker, etc. and different sports like NFL, basketball, baseball, among others. Somehow, pundits believe that wagering in a bitcoin sports betting sites makes many benefits than with regular sports betting sites. Currently, bitcoin sports betting sites are offering incentives and extra bonuses on the use of BTC as a deposit and withdrawal method on their sites. There are also some which start with generous welcome bonuses, and other rewards to their loyal bitcoin bettors.
Benefits of Betting on Bitcoin Sports Betting Sites
Bitcoin and other cryptocurrencies are digital, untouchable and unreal. However, it’s not a weakness for bitcoin, but its strength for it makes transaction so much easier than fiat currency. For instance, BTC makes deposits and withdrawals of money quicker because transactions are directly peer-to-peer or person to another. Betting on bitcoin sports betting sites exposes you to several benefits if you understand the process so well. There are many advantages it offers from covering many sportsbooks, thousand casino games, the wide range of sports like basketball, American football, tennis, MMA, etc. Among its benefits involves the anonymity of players, ability to bet on international markets and more. Here are five ways on how you can get benefits from bitcoin sports betting sites.
One way on how you can benefit from bitcoin sports betting sites is through its potentially higher offer for odds than fiat currency. These more competitive odds in bitcoin sports betting sites is a result of the decrease in operating costs of these sites. Betting odds will tell you how likely an event is going to happen as well as how much money you will win on your wager. When there are better odds, it can maximize your chances of coming away with a winning payout. Odds in a regular sportsbook is the same as the odds in bitcoin sports betting sites. So, you will have no more problem once you switch from the old sportsbook to bitcoin sportsbook.
One of the disappointing factors of a regular sportsbook is the slow payout. Fortunately, bitcoin sports betting sites changed the way it used to be. Getting paid from bitcoin sports betting sites is actually quite similar to traditional cash out except that it’s a lot cheaper and faster. Unlike cashing out in a regular sportsbook, bitcoin sports betting sites cash winnings in a few steps where the bitcoins will be transferred into your BTC wallet. Once the transaction becomes successful, the choices are yours whether you can keep the coins and use it to pay online goods and services or convert it to fiat currency. Remember that bitcoins value is changing and can be either sometimes high and suddenly fluctuates, but you cannot predict when fluctuations or rise is going to happen.
Bitcoin sports betting sites offer a wide range of rewards and bonuses which may depend on the sportsbook you choose. Typically, bitcoin sports betting sites cover sports which includes eSports, soccer, basketball, volleyball, tennis, baseball, ice hockey, and more. With bonuses that come in various shapes and sizes, you can benefit a lot in a sportsbook. Bigbook.ag is one of the bitcoin sports betting sites that offer bonuses from the time you sign up or make a deposit. Other kinds of bitcoin sportsbook bonuses come as special games, deposit bonus, loyalty bonuses, free-bet bonuses, re-deposit bonuses, new game bonus as well as special sporting event bonus.
Charge and Tax-Free Transactions
Another benefit you can get from bitcoin sports betting sites is its charge free and tax-free transactions. The lack of proper legislation in bitcoin makes it tax-free and there are no public administrative offices that can do about the taxing of the winning bets that uses bitcoin currency. Also, nearly all Bitcoin transaction from bitcoin sports betting sites is free of charge. Sending BTC from one bitcoin wallet to another is free of charge. There are also no fees deducted from the processing of payments, deposits, and withdrawals which involves bitcoins.
Peace of Mind
The tight security and complete legality of bitcoin give peace of mind to its gamblers. In bitcoin sports betting sites, cryptocurrencies like bitcoin are deregulated and anonymous. Bitcoin sports betting sites are legal and free for anybody. There are no laws or regulation that alienate bitcoin except the federal laws that restrict sports betting as an activity. Additionally, most bitcoin sports betting sites are trustworthy, like Bigbook.ag which has a high reputation when it comes to sports and casino betting. however, this can vary wildly and all depends on the individual sportsbook, so it’s better to do your own research first before getting inclined to a particular bitcoin sportsbook.
Choosing A Bitcoin Sports Betting Site
First and foremost, when making judgment among the bitcoin sports betting sites, you should be a keen observer and knows how to weigh up certain things. There are sites which will lure you into their extravagant bonuses and offers, but when it comes to payout, it’s a hassle. There are also some of those sites which bill for hidden charges, and other types of bogus. You should be wise and look for certain things such as the site credibility, reliability, security, and other bonus opportunities. Bigbook.ag is one of the trusted bitcoin sports betting sites with all those things, all you have to do is focus on playing and enjoying every game. In fact, the best way to do this thing is to try several bitcoin sports betting sites, so you can know what works best for you.