Fiat-betting to crypto+betting

[herurist]

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.

Policy is one thing that is very difficult to destroy, when the decisions and policies of a country have been made then we can't do anything.
but it's true it depends on which country we live in,
but on the other hand this is a good thing actually because we can do it both in fiat and crypo
and this is up to the perpetrator whether he wants to use fiat or crypto

[CDC AP]

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.

Well crypto gambling has the advantage that you dont need to use your bank account again and again to transfer money which we dont want to do when we are gambling specially in my country, as banks may ask what are you doing with so many transactions, so this is the advantage i feel, you can keep all your winning online in wallet and can withdraw according to your needs.

[Mahanton]

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.

Well crypto gambling has the advantage that you dont need to use your bank account again and again to transfer money which we dont want to do when we are gambling specially in my country, as banks may ask what are you doing with so many transactions, so this is the advantage i feel, you can keep all your winning online in wallet and can withdraw according to your needs.

Banks are really that keen when it comes to transactions made out of their clients and if they do find out some suspicious transactions or totally had violated up their terms and conditions then they do have the full rights on what are  the things should be done which is mostly trying to block you out on using up your card when it comes on playing gambling which is totally opposite when you do make use of crypto which you could make out deposits
and play all you want without the worry of being locked or traced or something like that.

[maju69]

Crypto betting has come to solve the issues and limitations we had while gambling with fiat. We had issues like currency conversion mostly for international gambling sites, issues of KYC verification before withdrawal and deposit, issues of government regulation on gambling. Crypto gambling brought a new era to the gambling sector.

Indeed, crypto bets have a significant advantage over fiat bets which will only complicate the method from the beginning of registration which will access all account data. Because it is quite vulnerable and private, with crypto betting we don't have to worry about privacy while the online casinos we visit do not require to meet KYC requirements when making withdrawals.

Because not a few are still casinos that provide crypto bets but also implement a KYC system that opens up one's privacy. What's more, the advantage of crypto betting is that the process doesn't take long after confirmation. Especially with p2p payments without the need for confirmation like when using fiat bets.

[chaser15]

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.

Well crypto gambling has the advantage that you dont need to use your bank account again and again to transfer money which we dont want to do when we are gambling specially in my country, as banks may ask what are you doing with so many transactions, so this is the advantage i feel, you can keep all your winning online in wallet and can withdraw according to your needs.

Banks are really that keen when it comes to transactions made out of their clients and if they do find out some suspicious transactions or totally had violated up their terms and conditions then they do have the full rights on what are  the things should be done which is mostly trying to block you out on using up your card when it comes on playing gambling which is totally opposite when you do make use of crypto which you could make out deposits
and play all you want without the worry of being locked or traced or something like that.

I don't side with the bank but that account blocking also has an advantage. What if your account got hacked and it was used without your consent and authorization? Banks are against fraud that's why it's also a good help that sometimes they will block the transactions right away.

We don't need to compare them. It's just that we need to open our eyes to other real facts and not just because we love crypto over fiat.

[johhnyUA]

Well crypto gambling has the advantage that you dont need to use your bank account again and again to transfer money which we dont want to do when we are gambling specially in my country, as banks may ask what are you doing with so many transactions, so this is the advantage i feel, you can keep all your winning online in wallet and can withdraw according to your needs.

There is no problem with bank, at least in my country. But again, such things are differ from country to country, here i can agree.
But many books have their own wallet (fiat) and you can withdraw only one time per month (or even less often) or something like that. Not a big problem i think.

[timerland]

I literally don't see a way that crypto gambling isn't the way forward.

The fact of the matter is that fiat sportsbooks have gained a reputation of being slow and having notorious KYC procedures that bar you from betting efficiently.

Crypto betting solves all of this and is much more user friendly.

[molsewid]

Well crypto gambling has the advantage that you dont need to use your bank account again and again to transfer money which we dont want to do when we are gambling specially in my country, as banks may ask what are you doing with so many transactions, so this is the advantage i feel, you can keep all your winning online in wallet and can withdraw according to your needs.

That's the good thing by using cryptocurrency in any gambling related activities because of it's characteristics as being decentralized there's no reason for a gambler to worried about being monitored on the movement of his asset. The bank will monitor the movement of your bank accounts whenever they see that a certain bank account has something not normal movement in his account. But for me I would like to use fiat in gambling instead of crypto because fiat has a fixed price.

[Pmalek]

like money gramme, PayPal, Wester Union and so many more.

It's MoneyGram and Western Union, not "money gramme" and "Wester Union."

Gone are those days where you will have to queue in a betting shop to play bets(sport bet mostly)

I agree. Although, those days were gone already when fiat-based online casinos and sportsbooks became popular. Crypto platforms only took it up a notch.

Gone are those days where online betting is limited.

Crypto casinos still have restrictions for certain countries, so it's still limited. Not only that, but gaming providers present their own kind of restrictions on who can play their games and who can't. If you are from the USA, UK, North Korea, Iraq, Syria, and several other countries, you would know what I am talking about.

Gone are those days when gambling is for the rich.

The rich stay away from gambling (unless they are addicted). Your average gambler is not rich, far from it. He is a guy with a family and a bag of problems looking to solve most of them by gambling. Most of the time he ends up creating even more.

[dothebeats]

From where I'm at, fiat betting is still a thing, though of course these are done on closed doors and are almost secret to everyone not unless you're one of the regulars, or you know someone from the said betting circle. They  are still being patronized by many, and are a regular go-to for people around here when they want to bet on something. Give it time before they figure out that online betting with crypto is far better than the ones that they have right now. Then again, it's really hard to deviate from decades-old bookies around here that already cemented its legacy as a household name when it comes to sports betting.

[Beparanf]

I literally don't see a way that crypto gambling isn't the way forward.

The fact of the matter is that fiat sportsbooks have gained a reputation of being slow and having notorious KYC procedures that bar you from betting efficiently.

Crypto betting solves all of this and is much more user friendly.

Of course this assumption is based on the country that you are pertaining. Many country are too strict on online gambling especially on crypto casino since it is not regulated at all or there license is very limited. In my country, If you are caught that your money is came from an online casino, Your account will freeze as well as your funds since you are neglecting AML policy. Crypto is very convenient but there's also a limitations I when it comes to legality.

[mardaed]

I literally don't see a way that crypto gambling isn't the way forward.

The fact of the matter is that fiat sportsbooks have gained a reputation of being slow and having notorious KYC procedures that bar you from betting efficiently.

Crypto betting solves all of this and is much more user friendly.

Of course this assumption is based on the country that you are pertaining. Many country are too strict on online gambling especially on crypto casino since it is not regulated at all or there license is very limited. In my country, If you are caught that your money is came from an online casino, Your account will freeze as well as your funds since you are neglecting AML policy. Crypto is very convenient but there's also a limitations I when it comes to legality.

That is right. In some countries, like in the Philippines, there are online wallets that are very strict and thorough when it comes to checking the sources of the funds that comes in and out of the users’ accounts. And just what was stated, they will then freeze the account. Crypto may be convenient and more ideal, but in real life practice with consideration of rules and  legalities, it is not feasible for all.

[michellee]

I literally don't see a way that crypto gambling isn't the way forward.

The fact of the matter is that fiat sportsbooks have gained a reputation of being slow and having notorious KYC procedures that bar you from betting efficiently.

Crypto betting solves all of this and is much more user friendly.

Of course this assumption is based on the country that you are pertaining. Many country are too strict on online gambling especially on crypto casino since it is not regulated at all or there license is very limited. In my country, If you are caught that your money is came from an online casino, Your account will freeze as well as your funds since you are neglecting AML policy. Crypto is very convenient but there's also a limitations I when it comes to legality.

That is right. In some countries, like in the Philippines, there are online wallets that are very strict and thorough when it comes to checking the sources of the funds that comes in and out of the users’ accounts. And just what was stated, they will then freeze the account. Crypto may be convenient and more ideal, but in real life practice with consideration of rules and  legalities, it is not feasible for all.

But still, people who use crypto like to use crypto gambling than use fiat because they can play gambling with convenience without thinking much about the regulations from their country. They will know where they can gamble and what site they can use so they do not have to worry about being frozen or blocking their account. Using crypto, they can send their coins to other wallets that they can control and send them into the exchanges or convert them into their fiat.

[RealMalatesta]

From where I'm at, fiat betting is still a thing, though of course these are done on closed doors and are almost secret to everyone not unless you're one of the regulars, or you know someone from the said betting circle. They  are still being patronized by many, and are a regular go-to for people around here when they want to bet on something. Give it time before they figure out that online betting with crypto is far better than the ones that they have right now. Then again, it's really hard to deviate from decades-old bookies around here that already cemented its legacy as a household name when it comes to sports betting.

For me and in my country, the situation is complete different. As we are not having almost zero opportunity to bet with fiats (lotteries are available at some part of my country and in my state it is again fully banned), crypto gambling is the only option for all of us and I guess most of my friends got into gambling only after adapting cryptocurrencies especially bitcoins.

I guess my government will continue their neutral stand against crypto and crypto related gambling as bypassing government restriction will be easier and possible for anyone hence I guess government has left it to gambler's personal responsibility.

[maju69]

From where I'm at, fiat betting is still a thing, though of course these are done on closed doors and are almost secret to everyone not unless you're one of the regulars, or you know someone from the said betting circle. They  are still being patronized by many, and are a regular go-to for people around here when they want to bet on something. Give it time before they figure out that online betting with crypto is far better than the ones that they have right now. Then again, it's really hard to deviate from decades-old bookies around here that already cemented its legacy as a household name when it comes to sports betting.

Where I live, crypto betting is still not popular because crypto users don't dominate. The other reason for the dominance of fiat betting is that it is friendly to all circles, because for them crypto betting is still not fully known and does not know how to use crypto as a whole. For example, in the area where I live, it's fairly small that no more than 10-15 people bet using crypto. The rest they still use fiat.

[qwertyup23]

What advantage does the crypto betting has over Fait betting?

First of all, it's all about the convenience it provides. Cryptocurrency betting has the advantage of convenience in terms of depositing or withdrawing as most websites offer such. Unlike in fiat, there are security risks that may happen (e.g. providing credit card details, personal information, etc.) whenever you try to withdraw funds. In addition, some gambling websites offer additional bonuses to accounts who deposit cryptocurrencies.

But in all honesty, even with the advantage of cryptocurrency betting, I would still choose to gamble fiat than cryptocurrencies since the latter is just too much valuable for long-term HODLing.

[palle11]

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What advantage does the crypto betting has over Fait betting?

You have made some list and about the advantage I believe that fiat being a digital enabled currency, it takes away third party relation unlike fiat where money is paid to the gambling agent. It also reduces the likely denying of ticket money paid because it is there in blockchain for all to see and this is a major advantage of cryptocreency. Casinos are usual places that most likely have arguments so cryptocurrency is a transparent system that requires no argument by agent of casino because the blockchain exposes all transactions.

[Fatunad]

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

You have made some list and about the advantage I believe that fiat being a digital enabled currency, it takes away third party relation unlike fiat where money is paid to the gambling agent. It also reduces the likely denying of ticket money paid because it is there in blockchain for all to see and this is a major advantage of cryptocreency. Casinos are usual places that most likely have arguments so cryptocurrency is a transparent system that requires no argument by agent of casino because the blockchain exposes all transactions.

They do have some advantages to each other which we cant really deny on not to mention it out and its noticeable but if we do try to picture or determine on which one gives out the best or much better in terms of anonymity and accessibility then hands down to crypto betting where you could really get out these kind of features and benefits
but of course when it comes to security of funds or something which can be traced then fiat would be they key and this is why crypto gambling market did really boom
out just because of this main factors but somehow there are still people who do prefer on using fiat instead of crypto but well it serves out different market.

[Reid]

The first is security. Lastly, is you can manage your own funds.
Leave it in the hands of the bank and you will be looking for money that vanishes without a single trace. Report it and they won't even check it, they will just say they do but nothing was really done until it take years and you will just let it go.
While in crypto, you know where your funds will go, you also have the receipt which is your transaction hash. The ease of playing at home is also the perk of an online gambling with cryptocurrencies as an option for payment.

[STT]

when a person bets 0.001 BTC and the bitcoin exchange is at $30,000, then the person wins a bet and have 0.002 BTC and after a few months the price rises to $60,000 the person manages to make a profit with a bet and still profit with bitcoin increase, this in my opinion Is fantastic

Never bet it all at once, even if you lose you could be ahead in that scenario.

The main advantage of crypto to me is segregation from your FIAT money which must be kept for bills.   Not many people are required to pay a bill in crypto, you merely have to be sensible to start off in your allocated funds and you will benefit overall from drawing a line in the sand for what can be bet on games or not.