Crypto Curriencies and Sports Betting

Tart

Banned
Where sports betting is legal, the legacy banking system is not always a match made in heaven when it comes to moving funds to and from sportsbooks. High fees, slow transfers, account closures and chargebacks are a few things that both players and sportsbooks have to deal with. Today a lot of sportsbooks accept payments in bitcoin, litecoin, dash, and other cryptocurrencies. Let´s take a look at some of the pros and cons of using crypto at sportsbooks.

There are two basic types of sportsbooks that accept crypto. Traditional sportsbooks that use it as a payment method. When your bitcoin, litecoin, dash or other crypto is deposited then it is automatically converted into fiat value (USD, GBP, EUR, etc). Then there are the so-called "Bitcoin Sportsbooks“, where everything is 100% crypto. For example, not only can you deposit and withdraw in bitcoin or crypto, but the bet amounts are also denominated in crypto as well. There are no dollar, sterling or euro signs to be found on the entire website. Both have their risks and rewards.

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win euro win

New member
Crypto has been taking off last few days...wow glad I bought it on the dip at 3k.

grrr.gif
 

Williamrush

New member
What happened with that buy at 3k? Are you rich by now? I mean there are lots of people who love to brag how easy is to make money out of crypto and that it's the future. What I love seeing is the faces of friends who keep buying Bitcoin on the top of waves and then it plummets down 10-15k in a day. I just prefer sticking to gold trading on https://www.investous.com as I have a much better technical edge to deal with abrupt moves. I know it also has a lot of spikes, but they are more manageable than the Bitcoin ones,
 
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BMR_Brad

Moderator
Staff member
What happened with that buy at 3k? Are you rich by now? I mean there are lots of people who love to brag how easy is to make money out of crypto and that it's the future. What I love seeing is the faces of friends who keep buying Bitcoin on the top of waves and then it plummets down 10-15k in a day. I just prefer sticking to gold trading on https://www.investous.com as I have a much better technical edge to deal with abrupt moves. I know it also has a lot of spikes, but they are more manageable than the Bitcoin ones,

I bought at 7k in April last year and still holding.

How's that gold been treating you over the same time frame?

And in comparison to your "friends" you mention were so silly to buy Bitcoin instead? :D
 

BMR_Brad

Moderator
Staff member
Did anyone here ride the Dogecoin train?

Kind of wish I had known less about it so I might have joined in.
 
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