Fiat-betting to crypto+betting

[worldofcoins]

What advantage does the crypto betting has over Fait betting?

In my point of view, the main advantage was the variety of options that emerged.
Today it is possible to place bets from anywhere in bookmakers that are also anywhere in the world.
Of course, the crypto bets we have today may not be as secure as they once were, as they lack many regulations, but with so many good options out there, it is possible to greatly limit the risks.
Privacy is also another important factor that came up with crypto betting.

Yes, the price is the best thing with crypto betting.

Along with many other benefits including less house edge compared to the local casinos.
Do crypto casino owners that are unregulated or unregistered even pay tax cuts to any government? I doubt that.

[iv4n]

...
What advantage does the crypto betting has over Fait betting?

Well, my road is from live gambling (ground casinos, to not be confusing) to crypto gambling! Before crypto, I didn't try fiat online gambling! Simply I am from a third-world country, it wasn't simple and easy to deposit and withdraw, and I am really not sure how it goes now with foreign casinos, there are many online casinos from my country where we can deposit our own currency, but I didn't try them either... I am a full crypto gambler! My only experience with fiat casinos is 888 for a while year or two ago, and it was just to play poker... I tried some other games there, but I didn't like them very much!

With crypto I discovered the beauty of online gambling! Leveling up, getting bonuses and prizes, various promotions, wagering/multiplying wars... and all other stuff! For me, the main advantage was that I can play any game, easy registration, fast crypto deposits, and withdraws! I don't think about changing anything, I will stay crypto for sure!

[l3pox]

Crypto betting does provide a lot of advantages.
1. It's more private
2. It have more options
3. It's more varied and more games are available on the sites, more colourful as well.
4. The online betting is more successful while integrated with the crypto, online fiat betting is not that interesting for people ( very good for quarantine )
5. You can also bet internationally easier than betting with fiat hands down.
There are many more things as well, for me I prefer betting with cryptocurrencies since fiat doesn't come with much options.

You do have a lot of advantages, but not those that are on your list.

1. Most of the crypto casino will require you to go through some sort of KYC. So you no longer remain "private".
2. Such as? Fiat casinos have better gambling options in my opinion. But Crypto casinos are catching up.
3. More varied but most of them are almost identical.
4. How is crypto better any different than fiat betting? It's all the same. Just different mode of payment.
5. Makes no sense.

of course 5 makes sense.
Depending on the country you live betting may be forbidden or some games may not be available
if you include varietis of betting (like elections, as an example) there's even more possibilities
One could be able to bet on the outcome of US elections even if they live in France, Japan or South Africa.

[dunfida]

~quarantine )
5. You can also bet internationally easier than betting with fiat hands down.
There are many more things as well, for me I prefer betting with cryptocurrencies since fiat doesn't come with much options.

You do have a lot of advantages, but not those that are on your list.
~~

of course 5 makes sense.
Depending on the country you live betting may be forbidden or some games may not be available
if you include varietis of betting (like elections, as an example) there's even more possibilities
One could be able to bet on the outcome of US elections even if they live in France, Japan or South Africa.

There might be some restrictions that could be seen on other countries but doesnt mean that the market isnt really open on almost everything.

Betting on other events on other countries which is indeed possible due to accessibility of those services/platforms which are providing for people
to be able to make out some bets which is the real beauty of things.

About choosing whether crypto or fiat then it will vary on your needs but you could really notice which one is really better
in terms of anonymity and easy access.

[2double0]

You do have a lot of advantages, but not those that are on your list.

1. Most of the crypto casino will require you to go through some sort of KYC. So you no longer remain "private".

Which fiat casino lets you take out your money without kyc?
And for crypto casinos, they will let you play and take your money without kyc till some extent. Nobody can remain private on 'centralized exchanges' also if they want to sell their coins on that platform. Where goes the privacy then?

Fiat casinos have better gambling options in my opinion. But Crypto casinos are catching up.

If fiat casinos have better gambling options, I also know about some fiat casinos which started taking crypto as a form of deposit and withdrawal to allow more convenience to their customers.

3. More varied but most of them are almost identical.

I hope you are not referring to slots as they are all the same to me. Besides that, live betting also have look-alikes but we see fresh faces after visiting them though the game remains same everywhere.

4. How is crypto better any different than fiat betting? It's all the same. Just different mode of payment.

Almost no difference, except the speed. If you do a wire transfer vs if you do a crypto deposit.

5. Makes no sense.

Why doesn't it make any sense? Crypto gives you the freedom to bet from anywhere while some fiat betting sites stop you from using them due to your country's regulations or your country being in their restricted list.

[passwordnow]

In my point of view, the main advantage was the variety of options that emerged.
Today it is possible to place bets from anywhere in bookmakers that are also anywhere in the world.
Of course, the crypto bets we have today may not be as secure as they once were, as they lack many regulations, but with so many good options out there, it is possible to greatly limit the risks.

This is true although before cryptocurrencies emerged, the online fiat bookies were already in existence and everyone can do with just a few clicks or taps away just like what you're saying. But today, it's easier because of the quick adoption and variety of cryptocurrencies that we're free to choose from as long as it's supported by the bookie where we're playing at.

Privacy is also another important factor that came up with crypto betting.

I agree, in many fiat bookies, you'll be required to comply but with crypto casinos, not all of them will force you to do as long as there's no suspicious activity on your account and they don't really ask for it.

[harizen]

I agree, in many fiat bookies, you'll be required to comply but with crypto casinos, not all of them will force you to do as long as there's no suspicious activity on your account and they don't really ask for it.

KYC is mandated on fiat sportsbooks because those bookies are registered and licensed companies. In case of fraud, users are somehow protected and investigation might result in success because of transaction tracking.

In crypto, it's definitely a great advantage that we don't need to comply with KYC but unfortunately, there's a chance that most crypto gambling sites will now require it as centralization in crypto is now slowly taking place. For now, let's take advantage that we are not in that stage yet. But in case it's now happening, it should be expected.

[RILWAN]

The coming of blockchain eradicated so many problems in our daily lives and most especially in transactions processes, blockchain-based online gambling brought in many advantages with it.
Crypto solved the problem of middlemen in the transaction and also online gambling became the only option during the pandemic where social distance became paramount to our gaming life.

[virasog]

Do crypto casino owners that are unregulated or unregistered even pay tax cuts to any government? I doubt that.

No, they don't pay taxes when they are not even regulated. Most of them are operating illegally and governments don't even
know about them.

The coming of blockchain eradicated so many problems in our daily lives and most especially in transactions processes, blockchain-based online gambling brought in many advantages with it.
Crypto solved the problem of middlemen in the transaction and also online gambling became the only option during the pandemic where social distance became paramount to our gaming life.

Yes, with crypto gambling the role of the middle man (broker) is very limited and now you can place bets directly on the matches.
However, with fiat betting, you cannot place any bet unless you have contact with broker. This saves cost as well as the time.

[Rruchi man]

I attach real value to my crypto portfolio, it is difficult for me to imagine myself betting with it. If fiat and crypto betting are options against each other, i'll rather and most probably choose the traditional fiat betting where value is fixed, that is for example, say i choose to gamble with $20 fiat currency, the value remains fixed unlike me choosing to stake 0.0004 of say BTC in gamble, we all know that the value is not fixed, and sometimes it may now become a case of me gambling with an amount i didn't bargain for.

[rhomelmabini]

The coming of blockchain eradicated so many problems in our daily lives and most especially in transactions processes, blockchain-based online gambling brought in many advantages with it.
Crypto solved the problem of middlemen in the transaction and also online gambling became the only option during the pandemic where social distance became paramount to our gaming life.

It has seen a huge leap when the pandemic hits worldwide, it maximize the potential on how we can use the blockchain and moreover it's more convenient to play considering some blockchain based gambling aren't that strict especially on KYC. These middlemen are just on the way when in fact we can play on our own, it's like they suck money from players and yet it's a hassle to have them.

[Oshosondy]

Now we have some many altcoins that can be use to play bets online. We are gradually walking into the blockchain era. God bless Satoshi Nakamoto.

That is true, gambling was not that accessible to many people before unlike now, but not only because of this has been many improvement, also because of technology, phones where for the riches before, data were also for the rich before, but now everything is getting accessible with cheap prices.

What advantage does the crypto betting has over Fait betting?

1. Most of the crypto casino will require you to go through some sort of KYC. So you no longer remain "private".
2. Such as? Fiat casinos have better gambling options in my opinion. But Crypto casinos are catching up.
4. How is crypto better any different than fiat betting? It's all the same. Just different mode of payment.

I have used three crypto casinos and betting site generally now, none require kyc
I have used crypto betting sites and I like their services very much, they are really coming up.
The different mode of payment makes crypto gambling sites easy to transfer money to making it more accessible.

[hahay]

To be honest online betting will still be more profitable using fiat because of the low transaction fees, but using fiat comes with risks where it is difficult for me to remain anonymous. So for that reason, I will continue to use crypto to gamble online and the two are not much different because the most important thing is that gambling is an entertaining game and can provide benefits if we are lucky.

[Findingnemo]

@Findingnemo: Fiat and crypto may work hand to hand but soon everything will change for good.

Well, Central banks are not going to let these things happen easily, already they are trying to regulate cryptos and many restrictions were imposed on casinos due to the easy access for them by the people not exchanges and casinos are imposing the KYC for obvious reasons.

[AicecreaME]

To be honest online betting will still be more profitable using fiat because of the low transaction fees, but using fiat comes with risks where it is difficult for me to remain anonymous. So for that reason, I will continue to use crypto to gamble online and the two are not much different because the most important thing is that gambling is an entertaining game and can provide benefits if we are lucky.

They have their own disadvantages.

If you'll use fiat in online betting, it might have smaller fee but the profits in the long run is so smaller than when you have cryptocurrency, also the anonymity part. In cryptocurrency, with the large fee compare to fiat, however profits is huge in the long run (if you always win), the ugly part however is you could also lose a huge amount of money in the long run because of its volatility.

Online betting using cryptocurrency is much better for me because of its privacy and the long term effect. It's a high risk high reward kind of scenario.

[l3pox]

In my point of view, the main advantage was the variety of options that emerged.
Today it is possible to place bets from anywhere in bookmakers that are also anywhere in the world.
Of course, the crypto bets we have today may not be as secure as they once were, as they lack many regulations, but with so many good options out there, it is possible to greatly limit the risks.

This is true although before cryptocurrencies emerged, the online fiat bookies were already in existence and everyone can do with just a few clicks or taps away just like what you're saying. But today, it's easier because of the quick adoption and variety of cryptocurrencies that we're free to choose from as long as it's supported by the bookie where we're playing at.

Privacy is also another important factor that came up with crypto betting.

I agree, in many fiat bookies, you'll be required to comply but with crypto casinos, not all of them will force you to do as long as there's no suspicious activity on your account and they don't really ask for it.

can be true but do you see the huge difference between betting with fiat-based methods like credit-card or betting with crypto?
you can change the 'betting' term for any other financial service

as an example, in Brasil all the international transactions on credit card receive a tax called IOF that is 6.38% of total.

you understand my point?

[freedomgo]

@Findingnemo: Fiat and crypto may work hand to hand but soon everything will change for good.

Well, Central banks are not going to let these things happen easily, already they are trying to regulate cryptos and many restrictions were imposed on casinos due to the easy access for them by the people not exchanges and casinos are imposing the KYC for obvious reasons.

Casinos would want to give the best experience to their gamblers, so they will not make a strict regulation that will only result in losing their customers, it's always the government or the regulators who makes the policy especially if the casino is licensed. So as a gambler, we have no choice but to follow the rules, or we won't gamble at all.

[iv4n]

Casinos would want to give the best experience to their gamblers, so they will not make a strict regulation that will only result in losing their customers, it's always the government or the regulators who makes the policy especially if the casino is licensed. So as a gambler, we have no choice but to follow the rules, or we won't gamble at all.

Or we can rely on decentralized crypto platforms, so we can count there will always be some good crypto casino that is not regulated by some country laws. At least that would be the best thing for us, I don't plan to move to fiat casinos, offline or online... and I will skip that KYC whenever I can, especially when it's about gambling!

When some crypto casinos reach their top in crypto, probably the only way to expand more is through getting a license and aiming for a wider audience. Some crypto casinos already have their advertisements in some sports clubs, and in order to do that they need to follow some regulations, and that will affect the players of that casino! So when that regulations start to affect us we can choose to move to some other place!

[johhnyUA]

What advantage does the crypto betting has over Fait betting?

The only advantage is the true essence of crypto: It's borderless and can't be controlled. So you can bet from anywhere without being afraid to lost your money.

But it has some disadvantages too, of course: with crypto betting is much more easier for books to block you and steal your money.

[passwordnow]

I agree, in many fiat bookies, you'll be required to comply but with crypto casinos, not all of them will force you to do as long as there's no suspicious activity on your account and they don't really ask for it.

KYC is mandated on fiat sportsbooks because those bookies are registered and licensed companies. In case of fraud, users are somehow protected and investigation might result in success because of transaction tracking.

In crypto, it's definitely a great advantage that we don't need to comply with KYC but unfortunately, there's a chance that most crypto gambling sites will now require it as centralization in crypto is now slowly taking place. For now, let's take advantage that we are not in that stage yet. But in case it's now happening, it should be expected.

Hopefully that it would take a long time before all of them enforce it. While we're enjoying this perk, there are still some cases that are different from the usual.
Being asked to do so and they won't comply because they stand to what they think is applicable to them. But they have to understand that there are policies being made and they have to adopt what are the house rules by the casino they're playing.