When it comes to online sports betting, or any betting really, there is a lot involved with starting a successful website. Many of the online “Casino” or “Betting” websites that are out there have a tendency to try and bypass the proverbial red tape in an effort to make money.
The majority of the issues that these websites face stem from fiat currencies and the governments that run these currencies as well as the regulations that they superimpose onto anything gambling related.
For physical locations, the process is pretty simple. Are you located in an area where gambling is allowed? If the answer is yes, then go ahead – pay your fees and build your casino. It might be slightly more complicated than this but it’s roughly all you have to do.
For gambling websites, this process is a bit more difficult and can sometimes be a nightmare. Technically a website belongs to the government of the country where it is being hosted from. At the same time, it is on the world wide web which means anyone can access it.
If the applicable country’s government has strict rules regarding gambling, the outcome is often restricted access to said website for all foreign internet users. Long story short, online gambling websites often have to find loopholes to offer fun and fair betting or gambling atmosphere for its users.
Recently, Bitcoins and other cryptocurrencies have stirred up the rules and regulations which often come with fiat currencies. Bitcoins are a cryptocurrency which is decentralized, meaning they don’t belong to any form of government. Furthermore, all Bitcoin transactions are anonymous.
So what does this mean for your average gambler or better who is looking to have some fun? The answer is a super safe and secure way to have fun betting and gambling without any restrictions of regulations.
What Is Bitcoin Sports Betting?
Sportsbet.io is able to offer complete anonymity due to the use of Bitcoins. All you have to do is register on the site, deposit Bitcoins and bet away. Currently, they offer betting on a huge variety of global sports events. One of their biggest scenes is rotating around Soccer tournaments. For example, the 2016 Euro cup was a huge success.
NBA, MLB and even major e-sports are also part of their betting markets. Other sports are also available such as Australian football, cricket, motor sports, handball, men’s and women’s tennis … the amount of sports that you can bet on is truly astonishing.
All major sports, such as NFL or the Olympics, will also give you the opportunity to place bets on teams/players or even pin player head to head to see which one will outperform the other. You can bet on live events, place outright bets or individual bets on certain matches.
All bets will give you the odds based on the decimal system but you can also change them to fractional based odds as well.
The site itself is licensed out of Curaçao, a Dutch Caribbean island, so the legality of the website is completely authentic. As Sportsbet.io uses Bitcoins for all of their transactions, including deposits and withdrawals, there is no limitation as to who can play on the site and place bets. Bitcoins offer complete anonymity which isn’t affected by any governments rule.
Unlike many of the other gambling sites out there that are much less professional then Sportsbet.io, you won’t be coming across many different offers or promotions when it comes to gambling or betting on this site.
Although, there is a “recent promotions” header that you can click on to get some sort of promotion that they may offer, these promotions usually show up rarely. If you do see one pop up, it is suggested you take advantage of it quickly.
Bitcoin Sports Betting Summary
While Sportsbet.io has certainly shown us a different way to gamble and bet online, we have ran into some issues when trying to register for an account. For whatever reason, it seems that if you reside in the United States, you are no longer capable of registering with the site.
However, this might be limited to certain Internet Service Providers who have limited access to this site for their own specific reasons. When we attempted to register, we got the following error “Sorry about this, but Sportsbet.io isn't available from your jurisdiction.”
Generally this means that the services of the specific site are not available in your country but there might be another reason why it isn’t possible to register at the given time. Either way, if you are interested in spending some Bitcoins and testing your luck on this site, we suggest you register and give it a shot.
If you can’t register, feel free to shoot them a quick e-mail at email@example.com.