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Author Topic: Five Ways Bitcoin is Changing the Sports Betting Game  (Read 154 times)
Oasisman
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September 05, 2023, 03:03:50 AM
 #21


10% transfer fees? Man, I don't think casinos who charged their clients that high will sustain with the level of competition in this industry.


2. Bitcoin sportsbooks allow players to keep their privacy
Not every Bitcoin casino offers complete anonymity because there are already several casinos that requires KYC verifications, especially with the players who place huge amount of bets and withdraws a lot in a massive sum as well.

3. Withdrawing winnings in bitcoin is usually faster than withdrawing fiat currency
Not sure again with this one. Most of the crypto casinos says withdrawal is instant, but literally it's not, because of the queue your withdrawal time depends on how many people is withdrawing at the same time.  Plus, it also needs to go through block confirmations.

4. Bitcoin sportsbooks provide fairer odds

Do we have a reference for this claim? Because AFAIK, odds from all sports bookies are almost the same, otherwise there will be an influx of gamblers in a casino where odds are "fairer " that also has high probability of profit.
ethereumhunter
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September 05, 2023, 08:41:03 AM
 #22

10% transfer fees? Man, I don't think casinos who charged their clients that high will sustain with the level of competition in this industry.
2. Bitcoin sportsbooks allow players to keep their privacy
Not every Bitcoin casino offers complete anonymity because there are already several casinos that requires KYC verifications, especially with the players who place huge amount of bets and withdraws a lot in a massive sum as well.
Transfer fees or withdrawal fees are not very high in some casinos so it is not a problem for crypto gamblers to withdraw money. But what often becomes a problem is KYC where casinos are just starting to apply it to users who want to withdraw large amounts of money. And users often complain about this, especially with the length of the verification process for each casino. But for the verification process, the casino needs to ensure everything so that its users and the casino don't have problems in the future.

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