Gamblers Holding Bitcoin Bankrolls Enjoy Solid Upswing
Online sports bettors holding a percentage of their bankroll in bitcoin wallets or who are wagering with exclusive bitcoin sportsbooks are enjoying a nice upswing in bitcoin value.
As of this publication bitcoin has cracked the $633 mark after having floated around the low $600s for the last couple of weeks.
Gamblers who are more risk-averse are still able to enjoy the benefits of using the digital currency to make their transactions with betting sites without the risk that the value will drop off by choosing bitcoin sportsbooks that convert deposits to dollars. 43 sports betting sites will convert bitcoin deposits to a player's local currency.
Why Is Bitcoin So Popular Among Gamblers?
Bitcoin allows players to avoid fees and delays and gives a sense of instant gratification as there is no dealing with banks or middlemen to complete a transaction. It is the closest thing to the eWallet days for North American bettors where you could easily navigate in and out of multiple betting sites without waiting weeks for a cheque or another form of payment that is handicapped with lower limits and higher fees.
Sportsbook Review recorded a four-part bitcoin webinar educating players on all things bitcoin. The tutorial is posted inside of the bitcoin sports betting discussion board at SBR Forum.