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

[maydna]

Banning some casinos against players from certain countries is possible and also happens for fiat casinos. They don't allow that player, maybe because they can't say clearly in their rules. And players from these countries should be able to understand and not try to play because it will look pointless because casinos can easily block their accounts.
 
Another advantage of opening an account at a bitcoin sportsbook is that players can use the various coins available in the crypto by buying them in many places. They do not have to use fiat, although that option will remain with their account. Using bitcoin and altcoins for gambling gives gamblers the freedom to choose their coins and doesn't need to do KYC to play at certain casinos.

Every other thing you said is absolutely right, but about the KYC part, I think most cryptocurrency casinos require you submit your personal information and identity documents at some point, maybe they don't ask for it initially and just let's you deposit and play without any hassle initially and then if you go for withdraw, they will ask for it there.

So basically, no matter what geography you belong to and in what casino you are gambling, if the platform has a license and is centralized, you will definitely have to face the KYC phase at one point.

You may not be asked to do KYC if your withdrawal amount is not very large, say under $50. But you will be asked to do KYC if you have passed that limit. So it's up to you to decide whether to play small and win small wins or try to win big wins, assuming you will be asked to do KYC.

The casino has given us a choice. But we want to win big, and when the casino gives us the option to do KYC, we will refuse it because they didn't say it at the beginning of the registration. That's been the problem all along. We should have known about it, and it wouldn't matter if a casino asked to do KYC one day.

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[jostorres]

Bitcoin itself is secure and decentralized but the gambling site that we will be using will vary as sometimes they aren't that secure and then most them are centralized and ask users a KYC. The Bitcoin gambling scene have changed now but luckily it is still growing.

It does not stop Bitcoin users from playing a gambling because it provides them quality entertainment and profit sometimes if they managed to get lucky. Not that I hate Bitcoin but there are cryptocurrencies which are faster and cheaper than in it but Bitcoin is only more popular than them. In almost every crypto betting sites, there is always Bitcoin payment method that you can find.

The reason why Bitcoin is found in almost every single cryptocurrency gambling platform is because it is the most widely used cryptocurrency for deposits and withdrawals on gambling platforms and it is also one of the very first. The first gambling platform that accepted cryptocurrencies started by accepting Bitcoin since there were no other altcoins at that time and even if there were, Bitcoin was the best and the most popular one.

And I don't think that Bitcoin isn't fast or cheap if the platform allows or accepts lightning transactions, it only costs a few cents and the transaction gets confirmed only within a few blocks from when it was initiated.

[coolcoinz]

I feel like biggest advantages of using Bitcoin in online gambling platforms is to avoid some countries' regulations. It can be very hard to deposit local currency to bank account of gambling platforms. But its so much quicker and easier to do same with Bitcoin. Most countries don't follow Bitcoin transactions in such situations because its not exactly something illegal. Its legally grey area. It gives chance to many people around the world to gamble in 5 minutes.

It's not that easy since most casinos have to uphold the terms of their license and not allow people from countries where gambling is banned to play. If you use VPN to circumvent the restrictions, you can be banned from the casino and denied payment. I wouldn't call that the biggest advantage of bitcoin.

The real advantage of bitcoin casinos is anonymity of payments, where you don't have to use your bank account at all. All you do is transfer bitcoin and get it back, and then you can find a store or service that accepts direct, no KYC bitcoin payments and you're all set. You've gambled without anybody knowing, you've earned profit, and you've spent that profit, all anonymously.

[Finestream]

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.  

Privacy has never been the issue lately, but certainly it’s all about its legitimacy and not being rigged. Though there are still those who offer KYC-free casinos if you gamble in grey areas, but most of them are illegal and have no provably fair system that we can rely on. That’s why I’m no longer much excited with decentralized casinos these days, as KYC has become the norm and people are actually complying in it.

[bittraffic]

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.  

Privacy has never been the issue lately, but certainly it’s all about its legitimacy and not being rigged. Though there are still those who offer KYC-free casinos if you gamble in grey areas, but most of them are illegal and have no provably fair system that we can rely on. That’s why I’m no longer much excited with decentralized casinos these days, as KYC has become the norm and people are actually complying in it.

Gamblers comply for there seem to be no choice and they don't want to be scammed by casinos that are already scamming. Once there are options, they will be moving to the casino that is not asking KYC but the reputation still is more important to them.

One essential advantage that a gambler can see in using BTC is that BTC price goes up all the time. They are not just gamblers but also investors of BTC. Whenever there is an opportunity to accumulate, its going to be taken.

[QueenVera]

One of the major reasons I enjoy gambling  on bitcoin casinos  is the privacy  and ease of deposit and withdrawal.
Just as we are always wanting  to put into consideration  the positivity associated with gambling  on bitcoin casinos, I think we should also try to put into consideration the negative aspect of it as well as whatever  has positive also has negative  as well.
I think gambling  with crypto  might make gambling  accessible for underaged persons to gamble and I think since there is no one to help monitor oir gambling  habit using bitcoin. I think  there is always ease of getting  addicted.

[Wakate]

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.  

Privacy has never been the issue lately, but certainly it’s all about its legitimacy and not being rigged. Though there are still those who offer KYC-free casinos if you gamble in grey areas, but most of them are illegal and have no provably fair system that we can rely on. That’s why I’m no longer much excited with decentralized casinos these days, as KYC has become the norm and people are actually complying in it.

Even before the existence of Bitcoin, there had been different types of gambling so far and people had been adapting to it since there is no other options other than gambling with fiat. Now that there is Bitcoin, people have started seeking for a secure way to make vet anonymously without any third party in between the transaction like the way bank normally process our fiat transactions.

Bitcoin had make things more easier than before when we will have to transact fiat from our different banks to fund our gambling wallet or account. Life is becoming easy for us as a whole funding our account without any need of involving bank to process our orders/transactions.

[n0ne]

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.  

Privacy has never been the issue lately, but certainly it’s all about its legitimacy and not being rigged. Though there are still those who offer KYC-free casinos if you gamble in grey areas, but most of them are illegal and have no provably fair system that we can rely on. That’s why I’m no longer much excited with decentralized casinos these days, as KYC has become the norm and people are actually complying in it.

Even before the existence of Bitcoin, there had been different types of gambling so far and people had been adapting to it since there is no other options other than gambling with fiat. Now that there is Bitcoin, people have started seeking for a secure way to make vet anonymously without any third party in between the transaction like the way bank normally process our fiat transactions.

Bitcoin had make things more easier than before when we will have to transact fiat from our different banks to fund our gambling wallet or account. Life is becoming easy for us as a whole funding our account without any need of involving bank to process our orders/transactions.

Centuries back gambling is there and it can be understood through the historical incidents. What we're experiencing right now is just the transition from one level to the other. The people who had been gambling with fiat have moved towards cryptocurrency finding the good. It can be said gambling industry and bitcoin getting mutually benefited.

For growth there is need of circulation of cryptocurrency and a big percentage is happening through gambling industry. This means the market is being benefited by the users and the usage is helpful for the rise/drop in the price to some extent.

[smyslov]

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

I think the biggest reason is the community and the huge numbers of investors who are also sports bettors, these people already discarded fiat and made Bitcoin their main currency of usage online, so you create a platform that accepts Cryptocurrency and you have targeted a big community.
All platforms are created to target specific communities and the Bitcoin community is so huge that it guarantees success, especially in gambling platforms.

[Hispo]

One of the major reasons I enjoy gambling  on bitcoin casinos  is the privacy  and ease of deposit and withdrawal.
Just as we are always wanting  to put into consideration  the positivity associated with gambling  on bitcoin casinos, I think we should also try to put into consideration the negative aspect of it as well as whatever  has positive also has negative  as well.
I think gambling  with crypto  might make gambling  accessible for underaged persons to gamble and I think since there is no one to help monitor oir gambling  habit using bitcoin. I think  there is always ease of getting  addicted.

That is what KYC is supposed to be for, or at least, in theory.
If some underage person wanted to gamble and withdraw from a registered casino, it would be just matter of time before they needed to summit their documents and there is where they would be caught. Even if they chose not to comply,they would get their money frozen which would certainly be a factor to keep them away from gambling.

Also,I agree than Bitcoin helps a bit with privacy, I am almost certain that banks store forever a log on how you use your salary, to them it does not matter much. 

[Rruchi man]

Many people will come up with different advantages, some reasonable, others not making complete sense too.

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

Introducing someone to gamble with bitcoins especially someone who is new in bitcoins can interest the person and turn them into people that know bitcoins and not just use bitcoins to gamble. Gambling with bitcoin introduces you to many aspect of the importance of bitcoins and it can make someone who is new to be interested in it.

[Cantsay]

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.

Bitcoin provides a decentralized way to gamble online, but the gambling sites don't want it that way, so they implemented KYC, which is understandable given their desire to protect their site from scammers and those who will abuse their system.
If given the chance to protect my own business I too would do something similar, because we humans tend to not think of what others will suffer from our actions as long as we get what we're looking for.

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

I won't say always. If you mean when the network is free and not congested, I might agree because you can pay a low gas fee and still get a very fast confirmation.
However, the network has been so congested in recent days that you must pay 84 sats/vbyte ^{at the time this post was made} for Hour Fee, and it can still go higher depending on how congested the network is.

[Darker45]

Bitcoin is secure and decentralized. It provides a certain amount of privacy as well. Transactions could also be processed quickly and, yes, without third-party intermediaries. Yes, you could also stay pretty much anonymous gambling with Bitcoin.

All of these, however, are pointless if the gambling platform you are using is centralized. First, you will have to deposit your Bitcoin to another wallet that you don't control. The casino could run away with your money. It could freeze it. Second, almost all of crypto casinos reserve the right to require users to undergo and pass KYC. Third, processes like withdrawals are done by a third party, the casino itself. And, finally, it could be done manually, which means it takes time.

[alegotardo]

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.

Unfortunately, the anonymity of gambling using crypto is something that can no longer be guaranteed in today's days.
For most players who always lose everything (like me) or who play small amounts every month, they will never need to go through a KYC.
However, in virtually all online casinos, even those that operate with crypto, you will need to perform KYC if you are a regular player who bets large sums or if you need to make a large withdrawal of money/cryptos.

But even so, I agree with you.... gambling using cryptos is still more advantageous than the traditional ones that operate with Fiat.

[rhomelmabini]

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

Opening an account isn't solely an advantage but I'd say the experience over it. I have few accounts to play on sportsbook but that doesn't mean I have the advantage, it's simply a thing to require you to gamble. For me the advantage is that you can play whenever or wherever you are using just your smartphones, the ease while you're on your home. Those things might be least of an advantage but they are something important I guess.

[Nrcewker]

Many places traditional gambling is banned, so yes you can’t directly deposit through FIAT in those platforms and hence you can’t gamble there. Now in this types of situations, Bitcoins come to rescue us. Due to the decentralised nature of the coin, you get the full advantage to remain anonymous. Though gambling is banned in your country, but no one can really figure it out that you are betting with Bitcoins. Moreover sportsbook with crypto helps you to bet on different international events against various players from all around the globe. So yes these are the prominent advantages we get from a Sportsbook that accepts crypto.

[romero121]

Gambling is illegal in several countries. Countries were online gambling and physical casinos were banned can make use of the cryptocurrency accepted gambling sites. Few gambling platforms gives access to play without any account. The transaction can be easily tracked and chance of errors were low. People who prefer cent percent privacy can enjoy gambling, in different means advantages are there. However it all depends on how well we use it. Gambling platforms have given access for investing which too an advantage.

[mindrust]

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.

Unfortunately, the anonymity of gambling using crypto is something that can no longer be guaranteed in today's days.
For most players who always lose everything (like me) or who play small amounts every month, they will never need to go through a KYC.
However, in virtually all online casinos, even those that operate with crypto, you will need to perform KYC if you are a regular player who bets large sums or if you need to make a large withdrawal of money/cryptos.

But even so, I agree with you.... gambling using cryptos is still more advantageous than the traditional ones that operate with Fiat.

There are casinos that don’t do any KYC no matter how big you win. Freebitco.in is one of them. There are probably others too but I can’t remember their names now Freebitco.in on the other hand has been around for years and they are one of the most famous casinos out there. They don’t deal with FIAT or USDT and therefore they don’t have to get any licenses to operate a crypto casino. I think more casinos should follow the same route.

[slapper]

Bitcoin is secure and decentralized. It provides a certain amount of privacy as well. Transactions could also be processed quickly and, yes, without third-party intermediaries. Yes, you could also stay pretty much anonymous gambling with Bitcoin.

All of these, however, are pointless if the gambling platform you are using is centralized. First, you will have to deposit your Bitcoin to another wallet that you don't control. The casino could run away with your money. It could freeze it. Second, almost all of crypto casinos reserve the right to require users to undergo and pass KYC. Third, processes like withdrawals are done by a third party, the casino itself. And, finally, it could be done manually, which means it takes time.

Bitcoin and gambling, a fantastic combo! But as you said, there are downsides, folks. Secure and decentralized, sure, but what's the point if the platform's centralized? Decentralized platforms aren't flawless either. More control, yeah, but tough to use and not-so-friendly. Less regulated too, so scams and fraud? Watch out! The answer? A hybrid! A mix of Bitcoin's security and privacy with centralized platform's ease and regulation. Can it happen? Uncertain, but I'll wager on it - in Bitcoin, naturally!

[Oasisman]

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.

Unfortunately, the anonymity of gambling using crypto is something that can no longer be guaranteed in today's days.
For most players who always lose everything (like me) or who play small amounts every month, they will never need to go through a KYC.
However, in virtually all online casinos, even those that operate with crypto, you will need to perform KYC if you are a regular player who bets large sums or if you need to make a large withdrawal of money/cryptos.

But even so, I agree with you.... gambling using cryptos is still more advantageous than the traditional ones that operate with Fiat.

There are casinos that don’t do any KYC no matter how big you win. Freebitco.in is one of them. There are probably others too but I can’t remember their names now Freebitco.in on the other hand has been around for years and they are one of the most famous casinos out there. They don’t deal with FIAT or USDT and therefore they don’t have to get any licenses to operate a crypto casino. I think more casinos should follow the same route.

Of course there are more casinos who will follow this as people who gambles using crypto wants to be anonymous in betting as well. However, with the level of competition in this industry, it is really hard for these casinos to be recognized since there are already these established and most trusted decentralized gambling platform existed for quite some time.
Plus, it's really hard to trust other casinos, that's the reason why some gamblers just stick with the casinos they're most comfortable with even with the implementation of the KYC.
Indeed, there are still a lot of crypto casinos out there that doesn't need KYC.