How to Shop for Bitcoin Sportsbooks: SBR News

Sportsbook Review's Natalie Rydstrom delivers an SBR industry news update for Friday, March 18.

Natalie discusses why digital currency bitcoin has exploded in popularity in 2015 and 2016 for online sports bettors. Namely, the digital currency allows bettors to quickly and easily fund online betting accounts.

In countries such as Canada for example where Skrill cannot be used for gaming transactions, players are able to make transactions to and from sportsbooks without jumping through hoops or having to deal with the higher fees and delays associated with most cashier options available to bettors today.

Bitcoin does have some drawback, however, and that is that as a new currency there can be market volatility in terms of the daily value of BTC. A bettor who is attempting to turn a profit after a long week of sports picks might be adversely affected by having bitcoin be worth $20 less than it was when the deposit was made.

For this reason, Sportsbook Review suggests that players not hold onto bitcoin longer than necessary inside of their sportsbook accounts, especially when dealing with exclusive bitcoin outfits that do not convert player funds into their local currency. SBR has a sportsbook rating guide filter which allows bettors to filter bitcoin accepting betting sites this way.

Below is a chart showing the previous month of bitcoin swings. The data is supplied by Coindesk.com.

Date Close Price
3/17/2016 418.45
3/16/2016 416.25
3/15/2016 415.38
3/14/2016 415.09
3/13/2016 412.29
3/12/2016 410.13
3/11/2016 419.89
3/10/2016 416.16
3/9/2016 412.62
3/8/2016 411.76
3/7/2016 412.98
3/6/2016 404.55
3/5/2016 397.83
3/4/2016 407.98
3/3/2016 419.47
3/2/2016 421.6
3/1/2016 433.64
2/29/2016 436.61
2/28/2016 432.64
2/27/2016 432.14
2/26/2016 432.06
2/25/2016 423.52
2/24/2016 424.36
2/23/2016 419.98
2/22/2016 438.07
2/21/2016 438.98
2/20/2016 436.52
2/19/2016 420.33
2/18/2016 421.64
2/17/2016 415.56

Find a bitcoin sportsbook using the bitcoin review guide.

 
 

 


 

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