Online gambling is a constantly growing business as manifested by the H2 Gambling Capital Data. The study shows that the online gambling industry earning growth expanded by nine percent in the last seven years, which is three times than the GDP. This makes online betting a very lucrative business for owners and operators of wagering sites. Online Bitcoin betting is on its way to becoming the medium of wagering in the future.
Data shows that profit earned for the year 2017 was at €39 Billion and will end at around €44 billion this year in the online betting business. The earning profit projection for 2022 is at €57 billion. The cyber wagering sector showed potential growth in the field of mobile gambling devices used to place bets. Entries show that mobile devices created a €12.4 billion earned income in the year 2017. The figure will have a growth profit rating of €15.8 billion by the end of 2018 and €24.4 billion at the close of 2022 in the cloud wagering operations.
Experts suggest that the data collected changed the pattern of betting sites using the bitcoin technology. Cryptocurrency will continue its ascent in replacing the fiat currency as the medium in the online betting arena.
The information shows great promise for the online betting industry. Experts close in by stating that the profit growth has something to do with the cryptocurrency involvement on the internet gambling venue. Information Technology and online applications made it possible for the growth of online wagering business and sportsbooks to prosper. The development of dynamic internet providers and the enhancement of internet connectivity is key to the increase of online gamblers across the globe. Among the crypto money, online Bitcoin betting is the most active digital cash revolving in the cyber wagering platforms.
The new niche of punters with BTC wallets are now in to indulge their online Bitcoin betting pleasure with online casinos and sportsbooks offering their services. These wagering sites installed Bitcoin payment option facilities to accommodate bettors and their bitcoin accounts. Studies show that online gamblers prefer to wager using bitcoins for its convenience and manageability features.
Why punters prefer Online Bitcoin Betting
Bigbook.ag has one of the most advanced sportsbooks in the market. The site is a favorite platform to place your bets in sportsbooks and internet casinos. The bitcoin sportsbook is one of the most exciting venues for your wagers. Most betting sites realized the influx of the new niche of online gamblers scrambling to place their bets for their favorite team or athlete. Online Bitcoin on sportsbooks has its advantages that are not found in the traditional fiat currency.
Advantages of the Online Bitcoin Betting
The primary reason why punters prefer online Bitcoin betting is the security that it presents to bettors. Betting platforms on the internet want to ensure its bettors that the wagers they place are safe and secure from fraud. Online bitcoin betting is a safe avenue for gamblers to make sure that their money transfers go to the sportsbook wallet so they can proceed with their gambling pleasure. Online bitcoin betting assures its punters of this unbreachable security protocol to protect their funds when used for their wagers.
The security that Online Bitcoin Betting provides will thwart away identity thieves from accessing your vital information. The traditional method of money transfers and credit card information requirements are prone to hacking. Cryptocurrency makes the codes and passwords that are very difficult for hackers to penetrate. Bitcoin transactions sent through encrypted codes do not require personal information.
The anonymity of the player remains undivulged since you only have to transmit your bitcoins through a passcode for confirmation. This is one of the features of online bitcoin betting that punters love. The bettors want to keep their identities secret. Celebrity bettors are the most avid fans of the secret identity games using their bitcoin wallets.
Online Bitcoin betting is trustworthy. One of the main problems encountered by online gambling companies and their clients is fraud. The crime will result in your clients avoiding the wagering site for fear of losing their hard earned money. With online Bitcoin betting, the moment you transmit your transaction, it becomes irrevocable and will push through. This means that the transaction will immediately appear on your bitcoin wallet once it is sent to you. The system eliminates the fraudulent scenario in the deal.
There is the hanging possibility that if you win a considerable amount on your wagers with an overseas betting platform, that the governing body of the gambling industry in that area will block your winnings and confiscate it. The scenario scares off punters who would want their winnings on hand. Online bitcoin gambling frees you from this possibility and will promptly forward your winnings to your Bitcoin wallet.
Another salient feature of the online Bitcoin betting is its very low fees for every transaction. The rate is from zero to almost no charge when transmitting payments. It is a much-preferred medium due to the cheap rates compared to credit card charges and money transfers. If you are a high roller and want to withdraw after each winning bet, you can withdraw multiple times and still won’t feel the pinch of Bitcoin transfer charges. The frequent withdrawal from your bitcoin account in a betting platform will avoid the habit of impulsive wagering. Betting on impulse may ruin your bankroll and could lose you more money in the process.
Since the cryptocurrency has a decentralized system in nature, there is no financial institution or government entity that can pry over your accounts. Your Bitcoins are free from control and there is no limit on how much you can receive or send using the BTC technology. Governments are wary of this setup. The tendency of cyber-criminals to take advantage of this freedom is imminent. Money laundering and payments of drug money go through these anonymous transactions. Internet authorities are playing cat and mouse with the felons over these cyber-crimes.
Bitcoins reach you accounts faster than the traditional money transfers. Sportsbooks and other betting platforms without the bitcoin payment facility option take too long to receive your fiat currency withdrawals. It takes days to arrive when you request for your wager winnings. Online Bitcoin betting reaches your account within minutes from the moment you request for it through the bitcoin payment option.
Online bitcoin betting leads in the growth earnings of Sportsbooks
Online betting platforms realized the expansion and profit goals rose up when Bitcoin wagers began circulating in their betting sites. The platform operators immediately saw their overhead expenses go down with the benefits that go with the Bitcoin medium used for bet placements. The transaction fees are much cheaper than the usual payment options for one, raised the earning potential of the betting business. Other operational costs like the maintenance of the online services decreased as well as online processing of transactions.
The sportsbooks with bigbook.ag is among the best betting platforms in the market. The site offers a wide array of sporting events in local and international competitions. The betting options are readily available with plenty of odds for your choice.
Bigbook.ag accommodates bitcoin account holders with its online casinos, sportsbooks, and race track horse race offerings. Bigbook offers incentives like a five percent cash back on your losses with same day payout. The betting site also offers rebates when you deposit $200 in cash and over. The entity is safer than a bank since it started in 2011.
There are among other perks that bigbook.ag has to offer. You can take the betting platform for a spin by availing of its free trial. Visit our website at bigbook.ag to experience the online Bitcoin betting at its best.