Monday March 01, 2021
Bitcoin (BTC) $46,346.00   Ether (ETH) $1,450.64
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
NEWSLETTER SIGNUP
EXCHANGE 300+ COINS
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas
No Result
View All Result
Home Gaming & Betting

Will bitcoin Find its niche with sports bettors?

Published by CryptoNinjas.net
07/26/2017

Bitcoin (BTC) has presented the world with an easy option for not just paying for products, but investing as well. Similar to the route of PayPal, it requires an easy setup and load process. Once you’re into the BTC universe, the game of patience is the one that pays. The currency already doubled its value since the end of 2016 and while it is starting to experience ups and downs, the growth is still exponentially tantalizing for future prospects looking into its longevity.
In light of one of the busiest trading quarters in the currency’s history, bitcoin marketplace Kraken’s CEO Jesse Powell stated he believes growth could exceed 10x to 100x in the near future. And why shouldn’t he believe that? The cyber currency is on the verge of invading the ever-expanding world of online sports betting; an industry that shifts billions of dollars annually.
It’s no surprise that Las Vegas brick and mortar sportsbooks were among the first to adopt cryptocurrencies. The industry is also seeing a wave of online oddsmakers adding bitcoin to the field, with TopBet sportsbook being one of the first to accept the currency for NBA/NFL/NCAA/MLB wagers. They have produced a series of videos and infographics to support their player base, many of which remain on the fence about using bitcoin.
Las Vegas sportsbooks began tinkering with the currency in 2015. First, it entered the city as a way to just pay for transactions, but casinos began to take notice of its ease. There are minimal (if any) transaction fees and to keep up with the online gaming world, it was inevitable that they began accepting the form of payment. That same year many virtual sites tripled their player numbers in just a few short months, leaving the brick and mortars with no choice.
As for the players, in a perfect world, they really only look for two things – simplicity and anonymity. The cryptocurrency delivers the potential for both. For simplicity, it’s user-friendly ‘load your wallet and go’ approach has been well-documented. The anonymity factor provides bettors the perfect way to get paid, avoid spam email and remain off the grid. “Off the grid” meaning all money goes back to your wallet which can be withdrawn from anywhere.
These prospects are what brought people to bitcoin in the first place. Simplicity is what drives every technological advancement and the cyber currency is no different. With roughly 5.8 million wallets created worldwide, there’s an opportunity for sportsbook player numbers to soar. Combine that with the added allure of anonymity and there’s a massive opportunity for a dramatic increase in registrations. It’s a niche that could very well turn into a mainstay option for registrants, depositors and the books themselves for the foreseeable future.

FacebookTwitterLinkedinRedditE-MailTelegram

Related News

Crypto platform NetCents to offer users access to DeFi protocols thru Vesto
Networks & Protocols

Crypto platform NetCents to offer users access to DeFi protocols thru Vesto

02/27/2021
SmartKey to integrate with GeoDB to build the blockchain-based data ecosystem
Networks & Protocols

SmartKey to integrate with GeoDB to develop blockchain-based data ecosystem

02/26/2021
This was avoidable – The lost Bitcoin fortunes
Bitcoin

This was avoidable – The lost Bitcoin fortunes

02/26/2021
Bitcoin exchange Xcoins receives In-Principle Approval for Malta's VFA license
Crypto Exchanges

Bitcoin exchange Xcoins receives In-Principle Approval for Malta’s VFA license

02/26/2021
Token-based commodities DEX Mettalex launches on Binance Smart Chain and Ethereum
Crypto Exchanges

Token-based commodities DEX Mettalex launches on Binance Smart Chain and Ethereum

02/26/2021
Load More
Leave Comment

Where to Exchange

Bit2MeLeading Spanish Bitcoin ExchangeVisit
BL3P
European Bitcoin ExchangeVisit
ChangellyExchange & Buy 150+ CryptocurrenciesVisit
itBitAmerica's First Regulated Bitcoin ExchangeVisit
  • Trending
  • Latest
Glow programming language brings smart contract simplicity to Cardano

Glow programming language brings smart contract simplicity to Cardano

02/26/2021
This was avoidable – The lost Bitcoin fortunes

This was avoidable – The lost Bitcoin fortunes

02/26/2021
ZelaaPayAE deploys Pundi X's merchant crypto payment solutions for UAE

ZelaaPayAE deploys Pundi X’s merchant crypto payment solutions for UAE

02/24/2021
Anchorage raises $80M Series C, led by GIC, Singapore's sovereign wealth fund

Anchorage raises $80M Series C, led by GIC, Singapore’s sovereign wealth fund

02/25/2021
Tendermint invests in Tgrade to bolster Cosmos' growing DeFi ecosystem

Tendermint invests in Tgrade to bolster Cosmos’ growing DeFi ecosystem

02/24/2021
Crypto platform NetCents to offer users access to DeFi protocols thru Vesto

Crypto platform NetCents to offer users access to DeFi protocols thru Vesto

02/27/2021
SmartKey to integrate with GeoDB to build the blockchain-based data ecosystem

SmartKey to integrate with GeoDB to develop blockchain-based data ecosystem

02/26/2021
This was avoidable – The lost Bitcoin fortunes

This was avoidable – The lost Bitcoin fortunes

02/26/2021
Bitcoin exchange Xcoins receives In-Principle Approval for Malta's VFA license

Bitcoin exchange Xcoins receives In-Principle Approval for Malta’s VFA license

02/26/2021
Token-based commodities DEX Mettalex launches on Binance Smart Chain and Ethereum

Token-based commodities DEX Mettalex launches on Binance Smart Chain and Ethereum

02/26/2021
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2021 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact

© 2016 - 2021 CryptoNinjas Disclosures | Privacy Policy


Go to mobile version