Sports Betting and Gambling attracts people from every part of the world, and there are fewer areas more suited for gambling other than sports. The unpredictability and the sheer thrill of sports betting results in billions of dollars spent on sports betting each year. In the USA alone around $400 billion was spent on sports betting last year alone.
The United States is a country where betting is legal only in four states, namely Nevada, Delaware, Montana, and Oregon. As a result, only around 10% of all bets are placed legally in the USA. In most European countries, though, betting is not criminalized but it is regulated to quite an extent.
How Bitcoins can help
The internet changed the betting scenario drastically as it made it a lot simpler for people to place bets. The need to drive down to the betting office and place bets after checking out the odds is a thing of the past. However, there are still quite a few things that could be improved upon.
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