There are many advantages to the relationship between gambling and Bitcoin.

[nitrobetting]

 There are many advantages to the relationship between gambling and Bitcoin. Firstly, Bitcoin provides a secure and decentralized way to gamble online, which is attractive to many gamblers who value their privacy and security. Transactions are processed quickly and can be completed without third-party intermediaries, making it a popular choice for online gambling sites.

Another advantage of using Bitcoin for gambling is that it allows for more anonymity than traditional payment methods. This can be especially important for gamblers who wish to keep their gambling activities private.

Furthermore, Bitcoin transactions are often cheaper and faster than traditional banking methods, which can save gamblers money and time.

Many online casinos and sports betting sites now offer exclusive bonuses and promotions for Bitcoin users, which can provide gamblers with extra incentives to use Bitcoin for their online gambling activities.

Can you tell us another advantage of opening an account in a Bitcoin Sportsbook?

[Helena Yu]

It's true Bitcoin is decentralized and the transaction can be completed without need of third party intermediaries, but if we use Bitcoin to gamble on centralized casino, it will ruin Bitcoin decentralization since the casino have a control over our coins.

When we're gamble using Bitcoin, it will not anonymous and private anymore because we need to submit our KYC due to the regulation on the casino.

The advantage of gamble using Bitcoin, it's just minimize of getting target by criminals.

[Kakmakr]

I do not know if there are actually any of the advantages that you are talking about. Most of the casinos ask for KYC details...so that destroys all pseudo anonymity that Crypto currencies supported.

People could care less about decentralization....and most casinos are not decentralized, so I doubt if that has any advantages for the gamblers. The casinos that are decentralized are scarce and a lot of them are illegal, so I do not use them. 

[Oshosondy]

Firstly, Bitcoin provides a secure and decentralized way to gamble online, which is attractive to many gamblers who value their privacy and security.

That is true, but these are used by blockchain gambling sites, most gambling sites today are centralized, not decentralized. Most bitcoin gambling sites today's are requiring for KYC, no privacy.

Transactions are processed quickly and can be completed without third-party intermediaries, making it a popular choice for online gambling sites.

Bitcoin transaction can be completed without any third party or intermediary, but most gambling sites like I said before are third parties.

Another advantage of using Bitcoin for gambling is that it allows for more anonymity than traditional payment methods. This can be especially important for gamblers who wish to keep their gambling activities private.

With the third party casinos, no anonymity and no privacy.

Furthermore, Bitcoin transactions are often cheaper and faster than traditional banking methods, which can save gamblers money and time.

It may not be cheaper for local transactions on local casinos, but far cheaper than cross boarder transfers. But in gambling, what I have noticed is not how cheap the fee is, fiat local transaction that I have made before are zero transaction fee, but bitcoin transaction is processed faster, especially than the international fiat casino with wire transfer that can take over 2 weeks.

Many online casinos and sports betting sites now offer exclusive bonuses and promotions for Bitcoin users, which can provide gamblers with extra incentives to use Bitcoin for their online gambling activities.

I think this is about the casinos, no the payment method used.

Can you tell us another advantage of opening an account in a Bitcoin Sportsbook?

Sportbooks are bookmakers, they deal with sport betting, there are casinos that support bitcoin deposit and withdrawal. Also that some gambling sites can have both, I mean gambling sites with sportbooks and casino together.

[swogerino]

The only advantage gambling with Bitcoin is that you can register with just an email and without KYC up to a certain amount so it is that pseudo privacy up to a certain amount,usually up to 2000 it was but now most of the casinos start asking for KYC as soon as you want to withdraw over 500-1000 dollars,the same amount as Paypal for example let's you use without you verifying your credit/debit card.

All other advantages mentioned here exist also in FIAT casinos but in there though you have to use your debit/credit card or bank account so you already throw privacy away as soon as you start gambling and depositing money there.

[mindrust]

It is like gambling is the best use case for bitcoin and I am serious. If one day somehow people decide to stop using bitcoin to purchase stuff for some reason -and that's not going to happen any time soon- we don't need to worry if bitcoin will lose its usecase. Gamblers will always demand bitcoin because it is -almost- anonymous, not regulated (in most countries anyway) and you don't have to do KYC on the casinos that don't deal with FIAT.

[Weawant]

Can you tell us another advantage of opening an account in a Bitcoin Sportsbook?

Comfortability has to be the one of the top benefits of using Bitcoin for gambling, with Bitcoin you can easily use fund your account and when I want to withdraw, that's also done easily from the comfort of the house.

You then don't have to be worried about recieving the money since blockchain technology has been made withdraw irreversible. Also the transaction is fast and anonymous as you have said and that makes it very interesting to those was don't want to associate themselves with gambling.

The society serotype people that gamble so many won't want to be associated and if the fiats were been used, it'll be hard to not get associated either through depositing or withdrawals from the casino platforms.

[aioc]

Another advantage of using Bitcoin for gambling is that it allows for more anonymity than traditional payment methods. This can be especially important for gamblers who wish to keep their gambling activities private.

Not at all times, casinos will still ask you to do KYC if they suspect your account of money laundering or violation of their terms.

Furthermore, Bitcoin transactions are often cheaper and faster than traditional banking methods, which can save gamblers money and time.

Yes, faster but when it comes to fees other Cryptocurrency like Tron, Doge, and BNB offers much cheaper options but Bitcoin is very popular.

Can you tell us another advantage of opening an account in a Bitcoin Sportsbook?

Bitcoin is very popular now all Cryptocurrency casinos and even fiat-based casinos have it its both a mode of payment and an investment at the same time, in fact, some players are playing to grow their Bitcoin for future profit.

[_act_]

All other advantages mentioned here exist also in FIAT casinos but in there though you have to use your debit/credit card or bank account so you already throw privacy away as soon as you start gambling and depositing money there.

This applies to only casinos in your country, if you want to use casinos that are not in your country, you will need more than email and password, you will need identity documents too. But if it is a casino in your country, either phone number or email, and password are enough to withdraw money from the casino because when you deposit money, your bank account is leaked already just like you said.

[Viscore]

I do not know if there are actually any of the advantages that you are talking about. Most of the casinos ask for KYC details...so that destroys all pseudo anonymity that Crypto currencies supported.

People could care less about decentralization....and most casinos are not decentralized, so I doubt if that has any advantages for the gamblers. The casinos that are decentralized are scarce and a lot of them are illegal, so I do not use them. 

That’s probably the problem for bitcoin as it can no longer act as a decentralized coin knowing most of the legit casinos these days have been centralized already. If you aim to play for decentralized casinos, you can go and play in grey areas where casinos are not that really bad but they are actually not accredited ones. So the chances of being scammed is quite high. Same with anonymity issue, it can still happen as long as you’ll play in KYC-free casinos.

[len01]

although there are many advantages between gambling and bitcoin but most of all it is about being decentralized which makes gamblers anonymous. but unfortunately now it's decentralized, it's much different from before when we used bitcoin to maintain our privacy but the casino asked for personal data or KYC as a requirement to comply with the license in the casino.
so it seems like decentralization doesn't exist anymore whereas the casino has our data and knows who we are and there is no privacy anymore.

but anyway for me the second advantage is when I gamble using bitcoin, no one knows if I'm gambling especially the city.

[iv4n]

There are many advantages to the relationship between gambling and Bitcoin...

Well, I agree there are advantages when choosing Bitcoin from gambling, but the crypto-gambling scene is booming in the last few years, so now we have many good coins for gambling, on-chain casinos, and I will dare to say that some of them are even better than Bitcoin. Lower transaction fees, faster transactions... who chose Monero for gambling will have more privacy.

I guess we need to be free to explore crypto and try different stuff, and there are a lot of new and interesting projects around... who knows, maybe you will find something that you like!

[piebeyb]

Bitcoin and anonymity is very impossible when using in a licensed casino because it will be subject to regulation as well as KYC, so I think as long as using bitcoin it is quite comfortable to transact because transaction fees are cheap to pay or buy something using bitcoin, but if bitcoin has entered the exchange they cannot be called anonymity, let alone a casino, that is the advantage of using bitcoin if it is transacted among users, all processes are easy and anonymous.

I, as a bitcoin user, of course, am very happy to use bitcoin in any activity on the internet as well or in gambling at casinos, for example, betting football bets using bitcoin payments as well as other cryptos, well, the advantage of gambling using bitcoin is that it is easier, different from fiat currency.

[348Judah]

Furthermore, Bitcoin transactions are often cheaper and faster than traditional banking methods, which can save gamblers money and time.

Since the introduction of bitcoin to the financial economy and adoption in many areas, gambling organizations have also been into using this digital currency for their gambling supported cryptocurrencies while some make an additional of their own token as well, but bitcoin is the only most common crypto applicable for use in almost all the casinos for gambling because of low transaction fees and fast confirmation for each transaction, gamblers also see this as more cheaper and easier than fiat that have been used to.

Many online casinos and sports betting sites now offer exclusive bonuses and promotions for Bitcoin users, which can provide gamblers with extra incentives to use Bitcoin for their online gambling activities.

Bonus is another way to attract gamblers and keep them to a particular casino, many of the casinos offers bonuses in different ways to ensure they make their gamblers have opportunity to maintain gambling with them, all these comes in form of bitcoin or crypto they supported.

[danherbias07]

The cheap transaction fees are what I like most about using Bitcoin in sports bookies. Stake.com only takes 7k satoshis for every withdrawal which isn't a big deal at all.
The other thing that I liked when it comes to using Bitcoin as means of gambling is the low amount you could input on every bet you will make. I think 17 satoshis is the lowest when it comes to sports gambling and 1-2 satoshis at casino games.
For those who love long parlays like x1000, they could input a low bet to avoid getting rekt faster or they could try different types of bets and take the chances for a jackpot for just a small amount at risk.
And of course, there is the volatility of its market price which could sometimes be in your favor.

[Outhue]

Sending Bitcoin from a wallet to another is what decentralized really is, not sending Bitcoin from your wallet to a online gambling platform that's licensed by the Law, the decentralized feature is automatically deactivated doing this. Once you sent your Bitcoin to a gambling platform it's no more privacy and security like you said OP, do you even know why a gambling casino must pass regulation?

They are under the watch of centralized power, they don't want anyone using gambling platform for any illegal activities, its the same reason some gambling platforms are asking for KYC verification,it'ss almost all available online casinos asking for KYC verification.

[Strongkored]

The advantage is that those of us who really love Bitcoin can use it not only as an investment but also other activities such as gambling as long as it is done with good control, while for privacy at this time it is almost the same as fiat sportsbook where many already require KYC especially if we are players using big money then KYC is impossible to avoid, so this is no longer different from Fiat gambling sites.
Transaction fees are sometimes unprofitable because gambling sites apply quite high withdrawal fees, especially when the network is busy, it will make it take us as players a little longer to receive money from withdrawals than normal.

[coin-investor]

Can you tell us another advantage of opening an account in a Bitcoin Sportsbook?

Since you already mentioned almost everything about the advantages of using on gambling platform, my own reason is support for Cryptocurrency and Bitcoin, its total support of players using Bitcoin, once the majority of casinos have adopted Bitcoin it will increase demand so you reap the rewards on your Bitcoin portfolio.
The gambling industry is one of the early supporters of Bitcoin that is those early Bitcoin holders make a huge profit because of the spike in its price, so the more you play on Bitcoin-based casinos you are also supporting your portfolio.

[Yaunfitda]

Don't forget that gambling is the first used case of bitcoin if I'm not mistaken, yes Laszlo Hanyecz maybe the first one who introduces BTC as a mode of payment. But when the advent of bitcoin and it's used in gambling, it become a worldwide used and even challenge traditional online fiat based that time. Now we have a lot of casino's competing for that niche market, billions or dollars flowing every year. So yeah, it's proven already that there is a big relationship between gambling and bitcoin and any other crypto as well. It used to be bitcoin in the beginning, but when there are options for other crypto because of their fast deposit and withdrawals, it was also adopted by many casinos now.

[Davidvictorson]

I do not know if there are actually any of the advantages that you are talking about. Most of the casinos ask for KYC details...so that destroys all pseudo anonymity that Crypto currencies supported.

People could care less about decentralization....and most casinos are not decentralized, so I doubt if that has any advantages for the gamblers. The casinos that are decentralized are scarce and a lot of them are illegal, so I do not use them.  

This the truth and nothing but it. I recently had a very terrible experience with supplying my personal details at an online casino which previously didn't require that KYC. The documents they required was a my passport and proof of residence. The so-called Bitcoin anonymity totally destroyed. For me the biggest advantage of Bitcoin in online casino or gambling is the ease of transactions. The convenience. There's assurance that I can get withdraw my winnings to my account even during the weekends.

Another advantage for the player is that it helps to increase the knowledge and interest of regular people about Bitcoin. That is, if you were not so knowledgeable about Bitcoin but loved gambling, you'd want to know more about it. It is a plus for the gambler.