Why Bitcoin and Online Gambling Enjoy Such a Great Marriage

Written by:
Guest
Published on:
May/15/2017

NewsBTC.com feature a good story this past week on six aspects of Bitcoin that have made it one of the most popular methods used for processing funds by online gambling sites. 

BetOnline

The anonymity is an obvious benefit.  But some sites take things a bit further in an effort to gain an edge.

Depositing and withdrawing through Bitcoin eWallet is anonymous on its own, but in a really great Bitcoin casino, the process of signing up also is completely anonymous. Sites with features like these are the ones that attract many players.

Gamblers also hate divulging personal information.  And while the international online gambling sites not based in the United States tend to be less intrusive compared to their US counterparts (which almost always require a social security number be provided for tax purposes), Bitcoin processing actually eliminates the need to provide even the most basic information such as a driver’s license.

Then there are the fees, or lack thereof.  Bitcoin doesn’t include fees unlike other payment methods like credit cards and bank wires.  In the early days of online gambling, when processing methods were more plentiful, the biggest turnoffs were typically the costs tied to certain options and sites would routinely compete to offer the lowest fees.

Then there are the fast payouts. Often Bitcoin payments are made within minutes as opposed to days or even weeks.

NewsBTC.com also notes that the currency value never increases despite fluidity in trading Bitcoin.  The anonymous digital currency is also infinite in volume. 

“When using Bitcoin, it is more like making a gold investment rather than a hard currency investment. And you will enjoy being anonymous and it is very possible for Bitcoin stock to take off thus adding to your own Bitcoin.”

- Aaron Goldstein, Gambling911.com

Business/Financial News

OKCoin, Huobi to Stop Yuan-Denominated Trading by October’s End

The Calvin-Ayred owned CoinGeek.com is reporting that Bitcoin exchanges OKCoin, Huobi will each stop allowing Yuan-Denominated trading come the end of October (2017).

MGM to Build Casino in Connecticut

MGM to Build Casino in Connecticut

MGM Resorts International revealed plans on Monday for a $675 million waterfront casino in Connecticut’s largest city

Where Can I Find Online Bookie Software in the Pittsburgh Area

Where Can I Find Online Bookie Software in the Pittsburgh Area

You can find online bookie software catering to those in the Pittsburgh area by visiting TopPayPerHead.com.

Stillwater Bookies, Pay Per Heads

Stillwater Bookies, Pay Per Heads

Stillwater in Oklahoma has tons of bookies.  At the time of this writing, the Oklahoma State Cowboys were ranked number 4 in the nation after beating Pittsburgh, 59-21.

Practical Tactics To Acquire New PPH Players

Practical Tactics To Acquire New PPH Players

We bet you are a very serious bookie agent. That is why you have taken your time to sign up for pay per head, the only reputable online bookie software that will take your business to the next level.

Syndicate