Why Gambling sites don't offer betting on bitcoin price ?

[Saint-loup]

In addition to the gambling sites quoted above (Freebitcoin and Rollbit), one big sportsbook is also offering bets on Bitcoin price: Sportsbet. Unfortunately odds are usually only interesting if a bull run has happened during the month to date.
To find it you must go to Sports Specials > Future


https://sportsbet.io/sports/sportsbet-specials/matches/future

[nakamura12]

Actually, there is a gambling site that let you bet on bitcoin price like futuur and freebitco.in and more. It seems you didn't know about freebitco.in and futuur having these options to bet wether the price of bitcoin will increase or decrease this month or something like that. I did bet on futuur before and also in freebitco though I don't think there are a lot of people who wants to bet where you need to wait longer before the result is out.

[Mahanton]

Why Gambling sites don't offer betting on bitcoin price ?
Like whether bitcoin will go up next hour or go down and stuff like these?

So you do say about betting on Bitcoin price movement?
You could actually try it out on Rollbit.com
https://rollbit.com/trading/BTC

You cant just only able to trade or make bets on Btc price movement but also in other 14+ altcoins price as well
which it is really an interesting thing.

[palle11]

To bet the direction bitcoin price would be, that people can regard not as trading but as gambling, it is offered by some brokers. For bitcoin, it is called bitcoin binary option, you can also gamble fiat with it.

I think this is different from trading because in trading, there are pairs or two different coins which are involved but in gambling you will simply double your money if you win but you will still end up with the same type of coin. Trading is also faster while betting on the price will end on a specific time but I know it wasn't instant.

Yes I think what Op is asking for is not about trading the bitcoin or bitcoin paired with another crypto or fiat currency just like it is in exchange or forex broker's platform unlike straight gambling like betting on the price of bitcoin directly just like @ jostorres said, to double your money or have some percentage added to your original coins same in bitcoin and not in any other crypto or fiat currency. I understand that as what op enquiry is.

Are you talking about this type of betting which is being provided by freebitco? Although they don't allow you to bet on bitcoin price on shorter time frames. Rather they only have the option to bet on bitcoin monthly price prediction.
Besides bitcoin, they give you option to bet on Ethereum as well as their own native Fun token.



https://freebitco.in

I think this could be like what he is asking for and I don't think Forex brokers bet on that and this looks gambling because trading isn't gambling.

[Wakate]

Actually, there is a gambling site that let you bet on bitcoin price like futuur and freebitco.in and more. It seems you didn't know about freebitco.in and futuur having these options to bet wether the price of bitcoin will increase or decrease this month or something like that. I did bet on futuur before and also in freebitco though I don't think there are a lot of people who wants to bet where you need to wait longer before the result is out.

I think op is just skeptical on whether there is any gambling sites that offers future bet on Bitcoin price whether on a bull trend or bear. His questions seems to relate with trading but nit withstanding, all these sites you have mentioned offer bets on Bitcoin price direction which is quite obvious.

Bet on Bitcoin price do look like the normal future trading on Bitcoin price but this one is always like a pool where gambling place their funds on a particular price Bitcoin would certainly reach or exceed over a particular period of time. Gamblers always bet on what their speculation could be.

[pawanjain]

Gambling sites mostly involve to play games and earn money. There are exchanges if you want to bet on coin prices.
Trading is similar to gambling where you just have to make the right bet on the coin to earn money. I think there's only freebitco.in that allows us to place bets on cryptocurrencies.
Apart from freebitco.in you can also try betting on bitcoin price on binance which is an exchange. You can try the battle option on binance.
You would have to either go long or short and start your battle and if the price moves in your direction then you win otherwise you lose.
You can also try options trading on binance itself if you want to bet on shorter time frames.

[Mauser]

Why Gambling sites don't offer betting on bitcoin price ?
Like whether bitcoin will go up next hour or go down and stuff like these?

There are some forms of betting on the bitcoin price, eve here on the forum. These are usually predictions games where you can try and guess the bitcoin price at a fixed point in the future, usually the 31. December. The games are mostly setup as raffles and you can't really place multiple bets. But if you only want to bet on the bitcoin price going up or down, why not buy bitcoins directly? There is no need for a casino to do it and you don't have to pay additional fees. If you want more exposure you can buy or sell futures.

[blue_hurricanger]

Why Gambling sites don't offer betting on bitcoin price ?
Like whether bitcoin will go up next hour or go down and stuff like these?

There are some forms of betting on the bitcoin price, eve here on the forum. These are usually predictions games where you can try and guess the bitcoin price at a fixed point in the future, usually the 31. December. The games are mostly setup as raffles and you can't really place multiple bets. But if you only want to bet on the bitcoin price going up or down, why not buy bitcoins directly? There is no need for a casino to do it and you don't have to pay additional fees. If you want more exposure you can buy or sell futures.

Maybe people want to bet on Bitcoin's price because it requires the least amount of time and knowledge? Buying Bitcoin directly requires you to know the market and the current trend. Sort of like an investor considers and outweighs his investment before going in. Future trade is similar. Require a certain amount of knowledge about the leveraged, liquidate risk, reading chart to make a nice entry point,... All seem like hassles to some gambles that just want to bet on Bitcoin's price because he's feeling lucky.

[darkangel11]

Looks like OP did not do enough research as there are many sites that offer this. In some cases it's considered a form of trading, which I find strange because betting on the price of bitcoin the way ETFs do it is not trading but gambling in its puest form. You bet money on something you can't control that is decided by a random factor like the fact that Elon Musk buys or sells his coins or Do Kwon buys or sells. You cannot call this trading because it depends on a rich person's choice, not a general market trend.

[smartaction]

Why Gambling sites don't offer betting on bitcoin price ?
Like whether bitcoin will go up next hour or go down and stuff like these?

FreeBitco.in site are offering batting like this. but i think you can get more better performance in future trading on centralized Exchanger like Binance to enjoy and earning / lessing a huge amount in short time like gambling ,by Using target buy long/sell short with btc price up & down

[virasisog]

Why Gambling sites don't offer betting on bitcoin price ?
Like whether bitcoin will go up next hour or go down and stuff like these?

FreeBitco.in site are offering batting like this. but i think you can get more better performance in future trading on centralized Exchanger like Binance to enjoy and earning / lessing a huge amount in short time like gambling ,by Using target buy long/sell short with btc price up & down

Some players aren't aware that there are prediction games that exist. I've tried it once and I find it too risky but exciting at the same time. Future trading is way riskier because it's not like you're betting but it requires skills and knowledge for you to be able to deal with coin's volatility. The possibility of liquidation is too high. You better do a lot of research first because futures isn't for beginners.

[rby]

Why Gambling sites don't offer betting on bitcoin price ?
Like whether bitcoin will go up next hour or go down and stuff like these?

You are looking for Binary trading and I think Rollbit has this kind of game before but I’m not sure if they are still offering right now because exchanges is the one who offers this game now through there option trading. This game is already under trading which gambling casino already not interested anymore to compete on exchange since that is not there main area of games.

Options, Binary and Leverage trading is the activity that you are looking for that has this kind of mechanics. I hope it will helps you.

When bitcoin was new, that option was readily available for many gambling sites, but if I'm to be a gambling site owner, I will no longer include such bets because exchanges do them better in the name of trading. Everyone should focus on what they do best, for crypto price betting, leave it for exchanges. That does not mean it is not done in sites like Freebitcoin.
Op, anything you can think of, there is possibility that it already exists.

[|MINER|]

~snip~

I think there are many gamblers out there who gamble for entertainment purposes. According to you it falls under the  trading, yes I agree that futures trading is a lot like gambling but I don't think it needs any suggestion in place of gambling. Gamblers may not have the knowledge required to do futures trading.  And gambling is not only for making money but also for entertainment.

[South Park]

That's binary or options, cmiiw.

There are sites that do offer that and if you've got time to search for them, you'll see them have it. And for the gambling sites that don't offer it, it is basically not their niche and that's why it is not on their books.

Also, if you want to get on this type of thing. Just go with the exchanges that offers futures/margin trading.

There was a time in which binary trading like what the OP is looking for was everywhere and there were many casinos which offered that kind of game, I do not know if this stopped simply because it became unpopular at some point and exchanges took all of those customers away, or it is possible that this is classified as a form of trading and their casino license does not allows them to offer something like that and they had to stop providing those games.

[PX-Z]

...
Do some research by yourself next time before ask simple question that is everywhere online.

If you asking about bitcoin price that is trading the price of bitcoin. That is for trading sites like binance. You can move thread to trading discussion for answer you ask.

I guess you need it too before educating someone or someone's question. What op asked is existing in a kind of gambling game, you can read again what other posted above.
Although this kind of game looks like not that popular it is indeed still a form of gambling game.

[crzy]

~snip~

I think there are many gamblers out there who gamble for entertainment purposes. According to you it falls under the  trading, yes I agree that futures trading is a lot like gambling but I don't think it needs any suggestion in place of gambling. Gamblers may not have the knowledge required to do futures trading.  And gambling is not only for making money but also for entertainment.

It is also entertaining to have some bet about the future prices of Bitcoin and OP is asking if there’s a bet like this. Some site offers this kind of betting option, and those who predicted the correct price will get a win though I doubt that the exact price can be predicted, maybe if close enough you can still win. The interest for this kind of game might not be good and that’s why some site didn’t offer this, and beside many knows how to analyze the price trend, this can be more easy to win once you analyze the price, betting the price is quiet predictable.