According to recent data, the global sports betting and lottery market reached $195 billion last year.
In 2022, this figure will already reach 231 billion. This trend leads to the expansion not only of sports betting, but also of betting platforms utilizing cryptocurrencies.
In 2022, the number of online sports betting users is expected to reach 19 million in the US alone. Key data on sports betting platform statistics show that this
number will grow and is expected to reach new highs by 2023-2028.
The role of Bitcoin sports betting in recent years
Today, the role of cryptocurrency and bitcoin sports betting has gained wide acceptance and is reaching a new stage of development.
During the COVID-19 pandemic, the gambling sector was forced to evolve and adapt in the face of unprecedented restrictions. The 2020 survey showed that the majority of respondents admitted to
betting less since the pandemic began in the U.S., as most games were cancelled, games were suspended, and sports venues were closed. However, with the lifting of the pandemic restrictions, there was a new impetus, especially for cryptocurrency-related businesses, including sports betting and gambling.
Cryptocurrencies became an alternative to traditional fiat currency-based betting and gained popularity among a variety of sports betting platforms that offer users the opportunity to gamble 24/7. In addition, cryptocurrencies have become a godsend for gamblers, providing the unmatched social distancing needed in the fight against coronavirus.
Crypto betting and sports platforms allow bets to be placed in the same way as platforms that accept traditional fiat currencies, so experienced gamblers are not forced to learn a new, complicated way of placing bets. These betting websites work just like regular bookmakers.
Why people choose sports betting in cryptocurrencies
Thousands of
crypto betting platforms offer users the opportunity to make payments in cryptocurrencies and win valuable prizes. Users can choose the betting offer that best suits their needs and receive pleasant in-game bonuses.
Other advantages of using cryptocurrency gambling websites include lower fees, fast transactions and a much higher level of privacy. They offer a user-friendly interface, a fast gaming experience, a higher level of security and anonymity, and a wide range of games and betting options. In addition, platforms that use blockchain technology for their lotteries and online casinos offer a higher level of transparency and demonstrable fairness.
Being reasonable and responsible
People like to be lured by the opportunity to make easy money, and gambling promises to offer an easy solution. However, gambling and crypto betting require sensible and responsible behaviour. When it comes to choosing a betting platform, it can be useful to read comparisons and analyses of betting providers, as well as some betting guidelines.
Before placing a bet, one should be aware of the odds and probabilities of winning, how to use money management systems and whether one can trust the chosen sports betting platform.
Even if you already have experience with sports betting, it is useful to check the latest reviews of betting platforms.
SmartBettingGuide.com is a partner that covers everything related to betting and helps players find their way around. Founded in 2019 by a group of experienced sports bettors and poker professionals, Smart Betting Guide has quickly become one of the most trusted sources of information for sports bettors around the world.
Smart Betting with SmartBettingGuide.com
By placing betts intelligently users not only have a good gambling experience, but also make a desired profit. Users of SmartBettingGuide.com can check betting platforms for the amount of available odds, betting limits, number of accepted cryptocurrencies, reward systems, live support, etc. Users have full access to the guidelines on how to start betting, which include advice on setting their betting plan, choosing a sport, bookmaker and bankroll management.
Also, users can check which betting platforms are available in their country, whether they live in the UK, Canada, Spain, Germany, Colombia or Peru.
When you use SmartBettingGuide.com, you no longer have to spend hours searching for the most suitable betting platform or platform that accepts cryptocurrency payments. There is also no need to open an account on a site only to be disappointed with the way they do business.
The list of platforms described by SmartBettingGuide.com includes Sportsbet.io, Fortunejack, Stake, Cloudbet, Paripesa, 20bet, Betflip, etc. Most of them accept cryptocurrencies like Bitcoin, Ethereum, Litecoin and Dash.
To check the crypto sports betting guidelines and recommendations visit
SmartBettingGuide.com
Disclaimer. This article is paid and provided by a third-party source and should not be viewed as an endorsement by CoinIdol. Readers should do their own research before investing funds in any company. CoinIdol shall not be responsible or liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any such content, goods or services mentioned in this article.
Source: https://coinidol.com/crypto-sports-betting/