Bitcoin Sportsbook Market Watch: Bitcoin at $285

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Bitcoin is trading at $285 today. The popular digital currency is presently accepted as a cashier option at 26 online sportsbooks rated by SBR.

Players who are interested in finding bitcoin accepting sportsbooks can use four rating guide filters to find a bitcoin sportsbook that suits their needs. SBR expects this number to increase by 100% by next year.

One of the challenges faced by bitcoin in its early days was how casual bettors may have looked past depositing with BTC because of not knowing how it works. With increased media coverage, worldwide ATMs popping up, and major players in the online sportsbook industry accepting bitcoin and helping inform players how the currency works, difficulty is not much of a concern these days.

What more players are fearful of is that they may be adversely effected by the at times erratic fluctuations of the currency. Whilst investors are used to dealing with risk and are more tolerant to day to day swings, sports bettors looking to get a few bets in to help with their monthly bills and who treat wagering as some form of income are more reluctant to have their bankrolls valued less overnight if not by their own hand.

Because of this, bitcoin exclusive sportsbooks allow withdrawals to be processed instantly most of the time. This means that players can immediately convert their bitcoins back to their native currency in minutes if they are so fearful that the market will move against them. And, players who choose to deposit with typical sportsbooks who allow their deposits to be stored in their local currencies are comforted by the fact that the movement of their native currency is not likely to make a difference in their profit column come withdrawal time.

The below chart shows all daily fluctuations of bitcoin over the last calendar week. This data is logged at Coindesk.com.

Date Close Price
7/24/2015 16:41 284.19
7/24/2015 16:00 282.98
7/24/2015 15:00 283.04
7/24/2015 14:00 283.73
7/24/2015 13:00 283.08
7/24/2015 12:00 284.03
7/24/2015 11:00 284.74
7/24/2015 10:00 285.34
7/24/2015 9:00 282.6
7/24/2015 8:00 277.13
7/24/2015 7:00 276.49
7/24/2015 6:00 276.76
7/24/2015 5:00 276.26
7/24/2015 4:00 276.24
7/24/2015 3:00 275.43
7/24/2015 2:00 275.51
7/24/2015 1:00 275.65
7/23/2015 23:00 275.6
7/23/2015 22:00 275.74
7/23/2015 21:00 275.6
7/23/2015 20:00 276.04
7/23/2015 19:00 276.23
7/23/2015 18:00 276.18
7/23/2015 17:00 275.63
7/23/2015 16:00 275.4
7/23/2015 15:00 275.72
7/23/2015 14:00 276.79
7/23/2015 13:00 276.65
7/23/2015 12:00 276
7/23/2015 11:00 276.08
7/23/2015 10:00 276.49
7/23/2015 9:00 276.72
7/23/2015 8:00 276.7
7/23/2015 7:00 276.6
7/23/2015 6:00 276.37
7/23/2015 5:00 276.36
7/23/2015 4:00 276.86
7/23/2015 3:00 276.26
7/23/2015 2:00 277.27
7/23/2015 1:00 277.08
7/23/2015 0:00 276.72
7/22/2015 23:00 276.61
7/22/2015 22:00 275.77
7/22/2015 21:00 275.33
7/22/2015 20:00 275.97
7/22/2015 19:00 275.34
7/22/2015 18:00 276.04
7/22/2015 17:00 276.62
7/22/2015 16:00 276.8
7/22/2015 15:00 276.56
7/22/2015 14:00 276.53
7/22/2015 13:00 275.69
7/22/2015 12:00 275.25
7/22/2015 11:00 276.24
7/22/2015 10:00 276.43
7/22/2015 9:00 276.46
7/22/2015 8:00 275.64
7/22/2015 7:00 275.72
7/22/2015 6:00 274.82
7/22/2015 5:00 274.47
7/22/2015 4:00 274.58
7/22/2015 3:00 274.92
7/22/2015 2:00 274.43
7/22/2015 1:00 274.23
7/22/2015 0:00 275.67
7/21/2015 23:00 275.15
7/21/2015 22:00 276.07
7/21/2015 21:00 277.82
7/21/2015 20:00 278.05
7/21/2015 19:00 278.55
7/21/2015 18:00 278.31
7/21/2015 17:00 278.16
7/21/2015 16:00 278.28
7/21/2015 15:00 278.07
7/21/2015 14:00 277.92
7/21/2015 13:00 277.47
7/21/2015 12:00 277.24
7/21/2015 11:00 277.61
7/21/2015 10:00 277.46
7/21/2015 9:00 278.28
7/21/2015 8:00 278.26
7/21/2015 7:00 278.02
7/21/2015 6:00 277.91
7/21/2015 5:00 279.74
7/21/2015 4:00 279.31
7/21/2015 3:00 279.66
7/21/2015 2:00 278.27
7/21/2015 1:00 278.45
7/21/2015 0:00 278.5
7/20/2015 23:00 278.41
7/20/2015 22:00 276.63
7/20/2015 21:00 276.52
7/20/2015 20:00 276.01
7/20/2015 19:00 277.23
7/20/2015 18:00 276.16
7/20/2015 17:00 276.71
7/20/2015 16:00 277.9
7/20/2015 15:00 277.84
7/20/2015 14:00 277.56
7/20/2015 13:00 276.52
7/20/2015 12:00 276.7
7/20/2015 11:00 276.13
7/20/2015 10:00 276.27
7/20/2015 9:00 274.99
7/20/2015 8:00 275
7/20/2015 7:00 274.68
7/20/2015 6:00 275.19
7/20/2015 5:00 275.46
7/20/2015 4:00 274.73
7/20/2015 3:00 274.25
7/20/2015 2:00 272.98
7/20/2015 1:00 272.44
7/20/2015 0:00 272.48
7/19/2015 23:00 272.54
7/19/2015 22:00 272.9
7/19/2015 21:00 272.84
7/19/2015 20:00 274.02
7/19/2015 19:00 273.82
7/19/2015 18:00 273.6
7/19/2015 17:00 274.39
7/19/2015 16:00 273.65
7/19/2015 15:00 274.04
7/19/2015 14:00 273.7
7/19/2015 13:00 273.77
7/19/2015 12:00 273.08
7/19/2015 11:00 273.18
7/19/2015 10:00 273.56
7/19/2015 9:00 273.82
7/19/2015 8:00 274.87
7/19/2015 7:00 275.21
7/19/2015 6:00 274.63
7/19/2015 5:00 275.24
7/19/2015 4:00 275.38
7/19/2015 3:00 275.33
7/19/2015 2:00 274.68
7/19/2015 1:00 274.75
7/19/2015 0:00 274.51
7/18/2015 23:00 274.59
7/18/2015 22:00 274.55
7/18/2015 21:00 274.47
7/18/2015 20:00 273.98
7/18/2015 19:00 274.54
7/18/2015 18:00 274.05
7/18/2015 17:00 274.43
7/18/2015 16:00 274.75
7/18/2015 15:00 274.53
7/18/2015 14:00 274.71
7/18/2015 13:00 277.41
7/18/2015 12:00 277.6
7/18/2015 11:00 277.21
7/18/2015 10:00 278.2
7/18/2015 9:00 281.78
7/18/2015 8:00 280.38
7/18/2015 7:00 277.8
7/18/2015 6:00 277.65
7/18/2015 5:00 278.63
7/18/2015 4:00 278.26
7/18/2015 3:00 278.27
7/18/2015 2:00 278.21
7/18/2015 1:00 279.02
7/18/2015 0:00 279.02
7/17/2015 23:00 278.68
7/17/2015 22:00 278.34
7/17/2015 21:00 277.91
7/17/2015 20:00 277.64
7/17/2015 19:00 278.26
7/17/2015 18:00 277.71
7/17/2015 17:00 277.39
7/17/2015 16:00 277.43
7/17/2015 15:00 277.72
7/17/2015 14:00 276.89
7/17/2015 13:00 277.22
7/17/2015 12:00 274.56
7/17/2015 11:00 274.3
7/17/2015 10:00 274.17
7/17/2015 9:00 275.02
7/17/2015 8:00 275.53
7/17/2015 7:00 272.9
7/17/2015 6:00 274.14
7/17/2015 5:00 275.74
7/17/2015 4:00 278.02
7/17/2015 3:00 277.04
7/17/2015 2:00 278.44
7/17/2015 1:00 278.5
7/17/2015 0:00 279.08

Sportsbook Review will continue to cover the movement of the bitcoin market and provide updates on the latest online sportsbooks to add bitcoin as a cashier option for players. Bitcoin players who have feedback on the type of features they would like to see compared by SBR should write to SBR.

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