Everybody is talking about bitcoin. This is even not money. This is just a piece of code, software, that is used as money. Somebody called Satoshi Nakamoto released it in 2009. Come on, we even don’t know who this Nakamoto is. We even don’t know if this is a real name, a nickname, or maybe it is a group of people? Maybe it is all important, but we are interested in bitcoin as far as there are bitcoin bookmakers.
Sweden bookmaker founded in 1963 and available online since 2004. Presents over 4000 sports betting channels with very attractive odds. Accepts bets on sports events, as well as on the events in politics, show business and the world of cinema.
Ireland’s biggest, most successful, security conscious and innovative bookmaker. Functionality and navigation of the site are made in accordance with the most advanced ideas and requirements: convenient, functional, pleasant to look at and play.
More than 30,000 sports betting markets, with a wide range of markets available live and in-play. Competitive odds, offers and money-back specials throughout the sporting calendar. Betway also provides an opportunity to play online casino games.
Reliable, time-proven betting company with more than 20 sports and 60 countries, 200 leagues and 600 dayly sporting events to bet on. Easy to use interface to find all major events in the world of sports and politics and show business.
No matter whether you’re a pro or beginner – everyone can join in. Bwin offers up to 30,000 bets daily with betting action in more than 90 sports. Not to mention online casino: live poker and numerous classic games for that short break in-between.
Well-known and reliable British bookmaker with more than 2.5 million registered customers in 200 countries. It results in more than one million bets per day. In addition to betting offers virtual games and casino and playing Paradise Poker website.
One of the largest online gambling operators in Europe. Offers sports betting (pre-match and live) and casino games. It has separate educational section for beginners. Provides information in popular languages. Includes helpful statistics section.
The main thing since bitcoin creation is that this currency has made an amazing way. Now, it is the most popular crypto-coin in the world. And it is the most expensive currency, as well. So, many companies now integrate this currency as one of the money kinds to work with. When it comes to bookmakers, there are very few that work with it.
Can we really trust bitcoin bookmakers? And what about payouts in these mysterious coins? Do these betting houses exist at all?
Yes, there are. Many enterprises are ok with the most popular crypto as if it were fiat money. Would you place a bet with such a bookmaker? If such bookmaker is reliable enough?
As you can guess, there are several alternatives of course. In the very end, you can select fiat money. Or you might prefer any currency, supported by your bookmaker (see table below). There are many more, but these are the most reliable. Does your bitcoin bookmaker support these crypto-currencies? That is perfect, you can select any of them.
As we have said, this crypto-coin is the most reliable cryptocurrency. That is why it is the most expensive. Do you know how much one coin is? It costs just a lot! That looks like a perfect currency to work with, doesn’t it?
Moreover, bitcoin offers you complete anonymity. Nobody will know who your coins belong to. They will see just the transaction in the blockchain, and that’s it. You don’t have to provide sensitive financial information. Again, this crypto-money looks like a perfect currency, doesn’t it?
However, don’t hurry to make your judgements. Not all is that simple. Bitcoin is very volatile. Its price can surge within seconds. As well, it can drop for some thousands of USD in some seconds. You might be wondering if it is possible to forecasts these changes? Well, you can make guesses if you know the market very well, but those are just guesses. In the case with any crypto, standard factors don’t work. This is the main disadvantage of this cryptocurrency.
However, there is one detail that you should know. There are two kinds of bitcoin bookmakers:
If you bet with the first category, there is no need to worry about such thing as volatility. Just make a deposit, place bets and wait for results. You deposit your coins and you get them if you win.
However, if you bet with the second category, you should be super careful. Such bookmaker will convert your crypto-coins into fiat money. If the crypto-coin price drops, you will lose a huge sum just because of the conversion rate. Hence, with the bitcoin bookmakers, that work with real money you are risking twice: while betting and while letting your crypto-currency be exchanged to fiat money. And you win nothing if the crypto-coin price surges: your crypto-coins are converted to fiat money.
How do these bookmakers work then? Are there any differences from usual betting houses? Some questions and responses you can find here.
Bitcoin bookmakers are not so rare nowadays. Many people believe, that they can win a fortune if they make a deposit in bitcoin. However, you should know, that all depends on luck. Bitcoin has very big advantages and very significant drawbacks, so, only you decide, what is better for you.