Reports suggest that 60% of all the current native online gamblers are shifting from conventional methods to Bitcoin sports betting. Many experts in the field of cryptography have predicted that the phenomenon will see a two-fold increase to two-million numbers by the end of next year. This is particularly interesting when one considers that only a fraction of one percent of the whole global population uses the web on a daily basis. In the same way, the number of internet users betting on sports has grown by a tiny percentage over the past few years. Therefore, it is not surprising that many more people are turning to the virtual world in which to place their bets. The fact that gambling is completely virtual makes it even more appealing.
As well as benefiting from the anonymity that the internet provides, individuals who wish to wager on sporting events can now do so without having to reveal their identity to any third parties. This reduces many of the concerns people had about the traditional sports gambling scene. One example was the U.S. based scandal involving hackers stealing financial data from numerous betting exchanges. Although this in no way constitutes a criminal offense, it certainly tarnished the reputation of the entire betting exchange industry. Fortunately, because of the widespread reliance on bitcoins, it is now possible to visit one of the bitcoin sports betting sites and place their bets without having to expose your identity. Some people prefer this form of security for the very reason that they worry that the traditional sports gambling sites may be taking advantage of their anonymity and charging them unenthusiastic fees.
In addition to the benefits offered by using the virtual currency rather than hard cash, you also have the opportunity to enjoy a number of different bonuses offered by the various reputable sportsbooks out there. Most sites offer a range of free bonuses that can be used to place your bets. These can come in the form of welcome bonuses, sign-up bonuses, reduced vig on your bets, reduced vig for the actual bet and so forth. The amount you actually stand to win from these bonuses depends upon the terms of the bonuses and how much has been invested in the account in the form of free bets.
While there are some advantages associated with this type of betting, there are also some cons that you should be aware of before you start to use this form of virtual money. One of the main cons that has been highlighted is the vulnerability to hacker attacks. As pointed out above, it is difficult to ascertain who will be targeting your account and there is also little you can do to stop them once they have got hold of your details. Some experts also point out that although it is unlikely that hackers will be targeting pro athletes, the amount of information that they can steal varies. This means that you could experience a number of different problems by choosing to bet using traditional currencies such as US dollars or Europes whereas you could save a lot of time and money by betting with bitcoins instead.
This means that if you are serious about making it big in the world of online betting you should look towards using one of the many promotions available to you at the moment. There are a few different ways that you can get started, and all of them have their own advantages and disadvantages. For example, some of these promotions include the opportunity to earn a one of a kind VIP card. This is one of the most valuable forms of virtual currency that you can receive and this means that it can be useful in a number of ways.
With the right promotions you can get your hands on exclusive bets and bonuses that can give you even more of an advantage. With this information you can be able to plan which bets you need to make and also know how much money you will be putting in to your account. This means that you can ensure that you only take part in betting that gives you a chance to make a profit instead of losing too much money. By taking part in promotions you can also get access to a VIP program that can give you the chance to earn additional bitcoins deposits when you are making your bets.
The next benefit that you will find by signing up for promotions at a reputable betting site is that you are going to be given the chance to enjoy some great benefits that will allow you to earn a lot of cash. One of these benefits is the fact that you will have the ability to make deposits to your account whenever you want. This means that you will never have to worry about being stuck waiting around on a betting site for your turn to place a bet. When you are given such an incredible level of convenience, you will want to take full advantage of it so that you can ensure that you maximize your profits.
The last benefit you can enjoy when you choose to go with a top notch btc sportsbook is that you will be able to enjoy financial privacy. No matter what website you go to you will find that the site is going to be completely transparent in how they operate and who they are involved with. This means that you will not have to be concerned about anyone in the sportsbook stealing your money or compromising your privacy. With a lot of these illegal sportsbooks out there you are going to run the risk of dealing with identity theft. If this does happen to you have not taken all of the precautions you could be out of a lot of money as well as your identity.