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Big Fight: Tyson vs Jones Jnr – Cloudbet customers ring the changes

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Big Fight: Tyson vs Jones Jnr - Cloudbet customers ring the changes
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Mike Tyson remains favourite, but Cloudbet customers turn their backs on Saturday’s boxing circus

  • Savvy bettors shun Tyson vs Jones Jnr exhibition
  • Value of Cloudbet’s market so far less than 1% of McGregor vs Mayweather fight
  • Celebrity undercard bout featuring Disney star Jake Paul and ex NBA point guard Nate Robinson attracts 12x number of bets
  • Almost 50x amount of money wagered on Paul v Robinson than on Tyson v Jones with the bitcoin betting pioneers

The Covid-hit sports calendar of 2020 might have thrown up a number of surprise hits with global betting enthusiasts but it seems the forthcoming Mike Tyson vs Roy Jones Jnr bout is not destined to be one of them.

Belarussian football, Taiwanese basketball, League of Legends… at different times, these all caught fire with sports bettors, but this high-profile boxing exhibition seems unable to land a knockout punch. Back in 2017 the match-up between Conor McGregor and Floyd Mayweather Jnr, hyped as “The biggest fight in combat sport history”, or more simply, “The Money Fight”, totally lived up to its billing, making it the biggest betting event in Cloudbet’s history by number of players.

Fight promoters Triller, a social media app spending millions to try and compete with Tik Tok, hoped to replicate this excitement, and gave it a whopping $49.99 pay per view price tag. But bettors think you must be punchdrunk to get involved, likening it to that Tiger Woods vs Phil Mickelson PPV head-to-head back in 2018, which proved a waste of time for all except the two golfers, who netted a huge payday.

Roy Jones Jnr’s team has been bigging up their man’s fitness and “evolution” as a fighter, while Tyson, who last set foot in the ring in 2005, claims his recent persona of a weed-smoking peacenik will be a distant memory the second he gets his gloves on. But, with both Tyson and Jones Jnr the other side of 50, the fight is being held on special exhibition rules – such as “hard sparring” only, no knockouts and the threat of just a cut precipitating an immediate stop from the referee – the only thing to look out for is if these two legends of the ring remember they’re not supposed to be fighting for real.

The bout between the two aging ex-heavyweight world champions takes place on Saturday at Staples Centre, Los Angeles, on a bizarre card which also features a former NBA star, Nate Robinson, facing YouTuber-turned- Disney Channel star (and Triller investor) Jake Paul.

Cloudbet’s customer base just aren’t buying into this seniors’ day out and haven’t spent much time searching for Tyson vs Jones odds. Twelve times the number of bets have been taken on the Jake Paul vs Nate Robinson fight, with almost 50 x as much turnover in this market, compared with wagers on Tyson vs Jones Jnr.

Founded in 2013, Cloudbet is one of the world’s longest established bitcoin betting operators, and will be running winner’s and total rounds markets on this fight and its undercards. Besides bitcoin, Cloudbet accepts ethereum, bitcoin cash and a number of stablecoins including USD Tether and USD Circle.

New customers gagging for bitcoin odds for boxing can get a bet on Tyson or Jones Jnr through an easy sign-up process and on-site cryptocurrency purchases with a credit card. Iron Mike is favored, by the way, at 1.53 (- 187).

So why have these two legendary boxers agreed to something that could leave their reputations on the ropes? Another ex-champion George Foreman has been in the media saying he thinks he knows. “It’s temporary insanity. I liken it to a guy who wants to get on a boat and go out to sea. It seems like so much fun, so peaceful, so he wants to get out there and do it. Then he gets out there and the big waves start coming and the sea is rough and it’s raining and the wind is blowing and he asks himself: “Lord, why did I ever do this?”

Anyone stumping up the $49.99 fee to watch this may well end up asking themselves the same question.

Bitcoin

Navigating Bitcoin’s Impact: SOFTSWISS’ iGaming Industry Overview

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In March 2024, Bitcoin soared to a historical high, nearing 70,000 euro per coin. How does this impact the iGaming market? Being a tech company with over 15 years of experience and an innovator in crypto iGaming software development, SOFTSWISS shares anticipations in its quarterly crypto analysis.

Over 220 brands powered by the company engaged in crypto transactions during the first quarter of 2024, which is 12% higher than the previous quarter. SOFTSWISS experts analyse the data gathered from crypto-friendly brands by employing extrapolation, comparative, and correlative analysis.

 

iGaming Market Overview: Unveiling Anticipated Growth

The size of the global online gambling and sports betting industry is expected to rise significantly and exceed 170 billion euro by 2032, according to Statista. Based on SOFTSWISS data, the iGaming market has demonstrated a stable pattern of growth year after year.

In absolute terms in euro, the Total Bet Sum grew by 5.8% in the first quarter of the year compared to the last quarter of 2023. Analysing the year-on-year increase, comparing Q1’24 with Q1’23, the growth is more impressive, showcasing a 47.2% boost.

Simultaneously, the Total Bet Count, both fiat and crypto, displayed a slightly larger gain in the first quarter of 2024 compared to the previous quarter, surpassing 6.1%. The indicator’s year-on-year boost is much more notable, revealing a 57.2% increase.

The popularity of iGaming in recent years has been fuelled by its global reach and accessibility due to constant technological advancements. On one hand, the quality of internet connectivity continues to rise, while on the other, new payment methods are emerging, simplifying payment procedures.

The in-depth quarterly analysis, ongoing since the beginning of 2022, reveals that fiat bets are undergoing more substantial growth compared to crypto bets. In Q1’24, the Fiat Bet Sum increased by 6.9% compared to Q4’23, while the rise of Crypto Bet Sum was at 2.4%.

 

The more active growth of fiat bets led to a slight decrease in the share of crypto. In the first quarter of 2024, the crypto share in the Total Bets Sum settled at 24.4%, decreasing by 0.8 percentage points (p.p) compared to the last quarter of 2023.

 

What is the State of Crypto in iGaming?

Analysing crypto bets, it is crucial to highlight that almost 93% of them are facilitated through the in-game currency conversion tool, which is gaining traction. This mechanism allows operators to engage players with cryptocurrency assets in games initially tailored for fiat only. Operators that adopt such options are gaining more competitive advantages in the market.

While the Q1’2024 Crypto Bet Sum shows a moderate 2.4% growth compared to the previous quarter, the year-on-year analysis demonstrates a 20.8% increase. The Crypto Bet Count remained unchanged in Q1’24 compared to the previous quarter’s indicator. Simultaneously, the metric increased by 21.3% year-on-year. The figures speak volumes, showcasing a consistent interest among players in crypto gaming.

“The lack of a substantial increase in the number of crypto bets during Q1’24 can be partly attributed to the significant rise of the Bitcoin exchange rate during this period, leading players to be more cautious with their crypto bets.  This trend mirrors the situation in the first quarter of the previous year when the Bitcoin exchange rate surged following a decline at the end of 2022,” comments Vitali Matsukevich, Chief Operating Officer at SOFTSWISS.

 

What Distinguishes the Average Crypto Bet?

The average crypto bet increased to 1.71 euro in the first quarter of the year from 1.66 euro in the last quarter of 2023. This growth correlates with a significant strengthening of the Bitcoin rate during the first quarter of 2024.

The average fiat bet remained steady at around 0.81 euro in Q1’24 and Q4’23. The average total bet stayed constant since the second half of the previous year and is equal to 0.93 euro.

 

Notably, the average crypto bet is double that of fiat. This indicates that digital currencies are preferred by higher-income players.


Why Did Bitcoin’s Share Drop?

The Top Five most operated digital coins in iGaming have remained stable during the last two years with minor changes in ranking order. The top still includes Bitcoin, Ethereum, Litecoin, Dogecoin, and Tether.

 

In Q1 2024, Bitcoin experienced a significant decline of 9.4 p.p. compared to Q4 2023. This could be attributed to the bolstering Bitcoin exchange rate and players exercising a more cautious approach towards it.

In contrast, the shares of other digital coins have increased. Ethereum and Litecoin showed growth of 4.0 p.p. and 3.8 p.p., respectively, during the same period. Simultaneously, Dogecoin rose to fourth place in the ranking, leaving Tether behind.

Vitali Matsukevich, Chief Operating Officer at SOFTSWISS, summarises: “The benefits of employing digital currencies, such as fast transactions and anonymity, still attract many players. Embracing cryptocurrencies in iGaming can boost operator profits despite their volatile nature.

As the Bitcoin rate is expected to strengthen after the Bitcoin Halving, the average crypto bet and projected gains may see a notable impact. During such promising times, it is crucial to have reliable and experienced partners to navigate the path to success.”

 

About SOFTSWISS

SOFTSWISS is an international tech company supplying software solutions for managing iGaming projects. The expert team, which counts over 2,000 employees, is based in Malta, Poland, and Georgia. SOFTSWISS holds a number of gaming licences and provides one-stop-shop iGaming software solutions. The company has a vast product portfolio, including the Online Casino Platform, the Game Aggregator with thousands of casino games, the Affilka affiliate platform, the Sportsbook Platform, and the Jackpot Aggregator. In 2013, SOFTSWISS was the first in the world to introduce a Bitcoin-optimised online casino solution.

 

 

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Cryptocurrency

CryptoSlots Celebrates 6th Birthday with VIP Bonuses and New Games

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In honour of its 6th Birthday, this month, CryptoSlots, a trailblazer in crypto gaming, is marking the occasion with the introduction of new games, generous bonuses for all players, and complimentary tokens for the thrilling $1 million Jackpot Trigger game, adding extra excitement to the celebration.

CryptoSlots has achieved several milestones over the past year. This includes the launch of over 20 new games such as Chinatown High Limit, Bank Bust, Pawsome, Twin Wins, and Forest Fairy Fortune, expanding their unique gaming portfolio for players worldwide.

While the last $1 million Jackpot Trigger prize was claimed in 2022, the crypto casino recently celebrated a significant win as player WHAMZY09 scooped $200,000, securing two $100,000 prizes in a single game on April 18. This highlights the continued excitement and potential for substantial winnings on CryptoSlots.

Additionally, CryptoSlots has seen impressive payouts in its Crypto Lotto, with the highest recorded payout reaching $17,428, demonstrating the rewarding nature of its lottery offerings.

Furthermore, the crypto-only casino has made strides in the metaverse by launching a Virtual Showroom with Monthly Rewards in Decentraland, a virtual social world built on blockchain technology. This move allows CryptoSlots to engage with players in innovative ways, offering unique experiences and rewards within the Decentraland universe.

CryptoSlots manager, Michael Hilary commented: “We are thrilled about the future and the boundless opportunities that cryptocurrencies offer. As the landscape of digital currencies continues to evolve, we envision a future where cryptocurrencies revolutionize not just the gaming industry, but every aspect of finance and commerce. With innovation at our core, CryptoSlots is poised to lead the charge into this exciting future.”

“With its presence in Decentraland, CryptoSlots aims to enhance player engagement and offer a novel gaming experience that aligns with the evolving landscape of online entertainment,” continued Hilary.

This month CryptoSlots releases Shadow of the Tomb, an electrifying 6×4 Tomb Raider-inspired slot. Players are plunged into a world filled with ancient relics and treasures where they can win up to 5000x their bet and unearth haunting riches!

Later this month, get ready to embark on an adventure through the untamed wilderness of Alaska with the relaunch of the Wild Alaska slot, boasting enhanced graphics.

At CryptoSlots, transactions for deposits and withdrawals are solely conducted through cryptocurrency. Boasting dozens of provably fair slots, the platform continuously introduces new games. Players accrue tokens for the $1 million Jackpot Trigger slot and receive complimentary tickets for the monthly $10,000+ Crypto Lotto each time they engage in gameplay.

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Cryptocurrency

TG.Casino Signs Partnership with AC Milan

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AC Milan and TG.Casino announced a new partnership, which sees the crypto casino platform become the Official Regional iGaming Partner of the Rossoneri in Europe.

This new collaboration between two frontrunners in their own fields offers a great opportunity to create something new and innovative. This partnership demonstrates the platform’s intent to take on and beat the iGaming competition to become the ultimate destination for all ambitious players. The deal catapults TG.Casino into the top ranks of GameFi by bringing the brand into the living rooms and onto the mobiles of tens of millions of consumers all over Europe.

Through this new partnership, $TGC token holders will have the chance to win lots of experiences offered by the Rossoneri club. From visits to the Milanello training centre to winning official AC Milan jerseys and VIP access at the San Siro stadium, football fans will have the chance to enjoy unique and exclusive experiences.

The new partnership provides AC Milan with a new fan engagement tool, creating bespoke experiences, which aim to give them more access, and bring them even closer to their beloved Club.

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