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BetOnline is the latest online sportsbook to accept the anonymous digital currency Bitcoin and will be doing so for the Mayweather-Pacquiao fight. They have been a long time sponsor of the Gambling911.com website.
Even though BetOnline.ag turned on Bitcoins less than two months ago, it is already the second most popular way (behind credit cards) players are choosing to power up their accounts and to get paid.
“People often have trouble using their credit cards to open online betting accounts depending on the credit card-issuing bank,” notes Aaron Goldstein of Gambling911.com. “Those who know Bitcoin find it seamless to fund and online betting account and to make withdrawals. “
Thanks to minimum transactions of just $20, Bitcoins are very popular with recreational players. However, BetOnline is discovering that big bettors are making Bitcoins their preferred banking option. For one, players can deposit and withdraw up to $2,000 per transaction. Additionally, the anonymity of making transactions via Bitcoins is a huge plus for bigger players.
The May 2 fight between Floyd Mayweather Jr. and Manny Pacquiao is likely to become the most wagered on fight in history when all is said and done.
- Tyrone Black, Gambling911.com
