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Are Bitcoin Casinos The Future Of Online Betting?

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Are Bitcoin Casinos The Future Of Online Betting?
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Bitcoin has been here for more than ten years now. When it was first “invented” way back in 2009, it was more of an underground “currency” rather than formal digital money. Back then, only a few enthusiasts are playing with it, and it barely even had any value. One Bitcoin user back in 2011 even put out 10,000 pieces of BTC for auction for only $60–but no one bought it. The first real-world Bitcoin purchase was for a pizza in exchange for 10,000 BTC.

Now, Bitcoin is widely used by a lot of people, and it is even considered by a lot as this age’s “digital gold.” From being an ignored form of digital currency, it is now widely used in a lot of things: online shopping, trading, and investment, in online gambling through Bitcoin casinos, and a lot of other things.

How does BTC work when it comes to gambling? What are Bitcoin casinos, and how does it work? Is it any different from how existing online casinos right now work? Here are the things that you need to know.

How do Bitcoin casinos work?

A Bitcoin casino is no different from the traditional online casino that you may probably know. It offers mostly a similar set of games that you can find in every online casino. The only difference is that this type of casinos accepts Bitcoin as the ONLY form of payment.

Here are some of the most popular Bitcoin casinos right now:

  • Satoshidice
  • Switch Poker
  • StrikeSapphire
  • Bitzino
  • Bc-casino.com
  • Satoshibet
  • BtcSpiortsBet
  • BitLotto

What makes it very appealing to gamblers?

There are a lot of reasons why a lot of gamblers are opting to go to an online casino that is operating only through BTC. From security to convenience concerns, here are some of the reasons.

Anonymity

A lot of people give so much importance to their online security and privacy, including online gamblers. This is why some people even fall into the terrible mistake of using fake details in signing up for an account, only to end up being suspended if not banned from the site.

One of the security protocols for online betting sites is for its customers to provide verification information. Sometimes, this will be asked right at the start, although some would only require identity verification before the first withdrawal of the customer.

A Bitcoin casino removes all of these. Since all you need is a Bitcoin wallet ID, which is not tied to any personal information about you, you can technically play, deposit, and withdraw without disclosing any personal or financial information.

No transaction fees

Regardless of what payment method you are using–a bank account, a debit or credit card, or an e-money wallet–

What you should know

Although owning Bitcoin is technically recognized as a legal thing for most of the world, it is yet to be recognized as a real currency or legal tender. Most countries, while they consider Bitcoin and other forms of cryptocurrency legal, only see it as property but not legal tender.

When it comes to online betting using Bitcoin, no clear or definitive law outlaws it or even recognizes it as legal. Technically, since Bitcoin is not recognized as legal tender, there may be complications about its legality. However, that matter can be a confusing and complicated one. If you are looking to play in a Bitcoin casino, the best thing to do is to do thorough research on how using cryptocurrency for gambling works and the possible risks that come with it.

Bitcoin

German Election Betting: Cloudbet Odds Swing To SPD’s Scholz After First Debate

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German Election Betting: Cloudbet Odds Swing To SPD’s Scholz After First Debate
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Betting odds on the German federal election swung firmly towards Olaf Scholz and his SPD party after polls indicated that he won the first televised debate of the campaign.

Markets now give Scholz a 56% probability of becoming the country’s next chancellor, up from 36% on August 23,  prices compiled by crypto sportsbook Cloudbet show. He has now taken the lead from main rival Armin Laschet, whose likelihood of becoming chancellor slumped to 44% from 63%.

Cloudbet is the only major crypto operator offering German election markets. The odds are hosted on an enriched event page that charts real-time price movements and will live-stream future debates for players to seize betting opportunities as odds shift.

The page will also contain the Cloudbet Opinion, a visual representation of which party bettors are favoring with their wagers, and a useful alternative voting indicator to opinion polls. Cloudbet first unveiled the feature to good effect ahead of the US presidential election in November. Bets placed on Cloudbet for that election were closer to the final result than official poll results, especially in predicting state-by-state outcomes.

“Betting markets can offer unique insights into how segments of the voting public perceive the election,” a Cloudbet election expert said. “We will continue to monitor movements as the debates and campaigns continue.”

Sunday’s 100-minute debate was largely uncontroversial, with views on climate change proving to be one point of difference between the three chancellor candidates. Some 36% of viewers picked Scholz, according to a Forsa poll for broadcasters RTL/ntv. The Greens’ Annalena Baerbock placed second with 30%, while Laschet was last with 25%.

Founded in 2013, Cloudbet established itself as one of the world’s leading bitcoin betting operators, with a reputation built on unparalleled security and speedy withdrawals. Players on the German site can bet with 12 cryptocurrencies including Bitcoin, Ethereum, Bitcoin Cash, Litecoin, USDT, Dogecoin and Dash.

In June this year, the operator launched a fully localised website to provide better services for German customers. It also hosts a Telegram community for German-speaking customers to engage with other like-minded betting fans.

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UltraPlay expands its footprint through Nitrogen Group partnership

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UltraPlay expands its footprint through Nitrogen Group partnership
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The multi-awarded sports betting provider UltraPlay expands its footprint through Nitrogen Group partnership. Nitrogen Group (Nitrogensports.eu and Nitrobetting.eu) is a long-standing operator for its good reputation, integrity, and dedication to Bitcoin.

UltraPlay’s portfolio of advanced betting solutions is the perfect fit for Nitrogen’s sports and eSports betting offers. The crypto gambling operator has more than 9 years on the market in which it’s grown an enormous database of players and Bitcoin enthusiasts.

Through UltraPlay’s betting products, players at Nitrogensports.eu and Nitrobetting.eu already enjoy the extensive coverage of more than 34 eSports, plus 6000 pre-match and 5500 live events monthly together with a huge range of sporting events available online 24/7. Their players continue to benefit from secure, fast, and anonymous Bitcoin betting as well as from impressive futures bets, live streaming, and even niche tournaments from across the globe.

Commenting on the partnership Nick Travis, manager of Nitrogen Sports, said:

“For many years, Nitrogen Sports has served crypto users and bettors with a safe and anonymous platform featuring a comprehensive list of odds on major sports, but thanks to this new venture, they can take their action even further and bet on even more events, leagues and games, including UltraPlay’s extensive array of live betting odds, as well as a massive selection of eSports events.”

Mario Ovcharov, CEO of UltraPlay commented: “Nitrogen Sports is one of the biggest operators in UltraPlay’s network. Our commitment to offering them the highest quality betting products already records great results. We see eSports and cryptocurrencies as an important piece of the online gambling industry, and our new partner knows exactly how to be the first-choice sportsbook of the next generation of bettors.”

Together with Nitrogen Group and its ever-growing community base we’ll grow our leadership in the sports and eSports betting provision on the global gaming map”, added Ovcharov.

UltraPlay’s early adoption of Bitcoin as a wagering method back in 2011 solidly positioned the company as one of the pioneers in the crypto betting segment in the gambling industry. The company keeps on opening new perspectives of how online betting should be done according to the young generation of bettors’ preferences.

Dedicated to constantly developing and improving its sports betting products, UltraPlay earned 15 awards for its eSports betting leadership.

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Hop on the FJ race and win a Tesla Model 3!

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Hop on the FJ race and win a Tesla Model 3!
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The end of the summer in the Bitcoin Casino industry is set to be extremely rewarding as one of the juggernauts of the business, FortuneJack launched a massive promotion. This Bitcoin Casino Giveaway will feature on the most desired cars in the world – Tesla Model 3. The promo will run from X August to X September and anyone who’ll bet a certain amount of money will be able to get themselves lottery tickets. At the end, a lucky winner of this Bitcoin Casino will leave with the keys to a brand-new Tesla. So, what are the rules and ways to get your hands on the grand prize?

Participation

First and foremost, in order to participate, all players must register on FortuneJack and go through an easy process of verification. After that’s done, you just need to play. For every 20$ Equivalent of a wager, each player will get 1 lottery ticket. As an example, if you make a $60 bet, you’ll automatically get 3 Tickets. The holder of the most tickets will have the highest chances of winning this highly desirable car. Anyone can participate in this promotion and all the games on this particular BTC Casino apply, even FortuneJack’s own sportsbook.

Tesla Model 3 Specs

There will also be additional amazing challenges with some heavy cash and free spin prizes, but before we discuss those, let’s stop to appreciate all the glorious details of Tesla model 3. This FortuneJack Giveaway is famous for virtually all the aspects that encompass an idea of a great car. Being a fully electric vehicle, it’s mile range on a single charge is absolutely mesmerizing. It can go for more than 400 Miles at a time and its speed is on a hyper car level. It does 0 to 60 in around 3 Seconds which is lightning fast. No wonder that Tesla Cars are considered to be the total future of the car industry.

More Challenges to win yourself a Tesla

Aside from the main FortuneJack Giveaway, the casino also offers weekend challenges within the same promotion. Here all the players can participate in small tournaments revolving around highest win, highest multiplier and highest wagering races. The prize pool for each of those is €4000. Additionally, there are 1200 Free spins to be won and 2000 Tesla Giveaway tickets that can get anyone significantly closer to the main prize of the promo. There is no doubt that this Bitcoin Casino Giveaway is the hottest promotion of this year’s summer.

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