Anonymous end-to-end crypto sportsbooks offer the following advantages over government currency sportsbooks.
- Unrestricted; all sportsbooks listed here accept players from your location.
- Almost free and instant deposits and withdrawals of any amount 24/7.
- Sportsbooks save so much in banking and compliance that they can give higher odds.
- Betting anonymously makes it
– Impossible for a sportsbook to limit you for winning too much.
– Impossible for a sportsbook to sell or misuse your personal information.
– Easier to avoid legal and tax issues.
3 Comments
Hi BitEdge,
I’ve taken an interest in your blog for some time now. I’m intrigued by the crypto wagering path and certainly see the advantages, having been limited from most books. However, my concern with crypto as a wagering alternative is the price instability. Is there anyway of limiting your risk to the bitcoin price movements whilst participating in crypto wagering?
This is my ultimate concern and the only thing that has stopped me from moving platforms.
There is no way to do that and retain all the advantages of end-to-end crypto sportsbooks (like not being able to be limited by the sportsbook). Please see our post about crypto volatility and gambling to see why we think it is not a problem.
You can hedge the bitcoin on exchange, and hence you are not exposed to volaitility. Let’s assume you use 10 btc for the betting, you short it on an exchange and then you sell your extra 4% you got from betting (for example) asap