Originally posted on 01/14/2012:
I posted 6 months ago that bitcoin was the way of the future for sportsgambling. It is unstoppable. I would not be surprised if the recent rise in bitcoin price is due to speculation that serious books are considering the jump to bitcoin.
You do deposits / withdrawals in bitcoins. Silkroad is a VERY successful business that only uses bitcoin.
if bookmaker or 5dimes decided to utilize deposits/withdrawals with bitcoins, they would go to the top immediately and change the sports book landscape. Overnight, every book would utilize it and no one could stop anyone from betting.