 SBR Top-Rated Sportsbooks |
Best Sportsbooks List
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| #1 FanDuel | SBR rating 4.8/5 | Review | #6 BetRivers | SBR rating 4.1/5 | Review | #2 Caesars | SBR rating 4.7/5 | Review | #7 Fanatics | SBR rating 4.1/5 | Review |
| #3 DraftKings | SBR rating 4.7/5 | Review | #8 Betway | SBR rating 3.8/5 | Review | ||
| #4 BetMGM | SBR rating 4.6/5 | Review | #9 Borgata | SBR rating 3.5/5 | Review | ||
| #5 bet365 | SBR rating 4.6/5 | Review | #10 ClutchBet | SBR rating 2.9/5 | Review | ||
Could the Bitcoin Crash Bankrupt Offshores?
Don't most of the sites keep their BTC deposits in BTC balances? I'm sure they made a ton of money on the way up but with bitcoin crashing - is there a going concern for the offshore books? Bitcoin is under 5k now with a lot of deposits over the past year down up to 75% in value from the peak.
The larger books are so well financed and diversified they wont really feel this downturn that much. If managed well they would never have more than 10% of their assets in BTC. After all, it is just a payment system. The sportsbooks were accidental investors in the crytpocurrency boom. They simply needed a way to move money to and from customers. And don't forget, these guys had of hundred thousands of dollars of BTC when it was $100 a coin. So, they are still very much in the positive regarding crypto assets.
says who?Originally Posted by frankthetank
No, sportsbooks use 3rd party processors who convert BTC to USD when they receive it
Any book with a clue about bookmaking also knows they don't have a clue about Bitcoin.
Sharp books don't hold/speculate in BTC.
They should be hedging their btc exposure
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