Bitcoin Webinar Part 1: What is Bitcoin & Why Should Bettors Care?
- Bitcoin added by over 30 sportsbooks in 2015 alone
- Bitcoin provides the solution for easily funding accounts
Sportsbook Review's Peter Loshak is joined by bitcoin expert Justin for a four-part webinar on bitcoin.
Bitcoin has exploded in popularity in recent years and has been of particular interest to online sports bettors frustrated with the lack of easy ways to fund their accounts.
Between person-to-person processors and rising costs, varying success rates of making deposits and withdrawals, and costly fees when depositing by way of plastic, there is a real frustration factor for bettors located in certain countries.
For example, US and Canada bettors are no longer are able to use eWallets such as Skrill (formerly known as Moneybookers) to instantly upload funds to online sportsbooks. This leaves less desirable cashier options that ultimately require time, effort, and higher cost all to make what should be a simple transaction.
This is precisely why bitcoin has been added by over 30 sports betting sites in 2015 alone. However, online bettors stuck in yesteryear and used to doing things the old-fashioned way have expressed reluctance that can even be categorized as intimidation when it comes to the digital cryptocurrency.
SBR's Peter Loshak tackles these questions and more in the first of four segments with bitcoin expert Justin, who has worked in the bitcoin arena full-time for three years, as well as informs viewers of a special free $25 promotion from top online sportsbook BetDSI, an A+ rated betting site, which is geared toward bitcoin newbies.
Check the Sportsbook Review newswire next week for part two which focuses on how to buy bitcoin.
Bettors are invited to share their feedback on the bitcoin webinar in the SBR Posting Forum. Sportsbook Review created a bitcoin discussion forum and bitcoin sportsbooks guide last fall, as well as added the first ever bitcoin betting site to the sportsbook rating guide.