Description: Where traditional online betting is rigged to favor the bookmakers, decentralized betting works for players. Learn the pros and cons of both approaches!

Online betting has been around for more than 25 years. What’s more, the overall size of the online betting market is expected to reach $155.5 billion by 2024, with the online sports betting market valued around $87 billion, according to Zion Market Research

However, only part of this pie will belong to conventional online sportsbooks since decentralized betting is rapidly gaining popularity. Read this research to discover the main differences between standard online betting operators and BTC sports betting platforms, as well as the pros and cons of both approaches. This will help you select the model that suits you best.

Online betting platforms are great, you’d bet… but you can’t

You are probably well-acquainted with standard legal sports betting procedures. You need to authenticate as a legitimate participant of the online betting platform, deposit some funds, place your bets, and withdraw your earnings if you’re lucky. 

The good aspects of this approach are apparent:

  • You can easily top up your account using Visa/MasterCard/AmEx credit or debit cards, Skrill, PayPal, wire transfer, bank transfer, and even place a BTC bet
  • You can select from a wide range of sports according to a schedule known well in advance
  • You’ll quickly grasp the simple functionality of a platform
  • You benefit from multiple promo actions like free bets or bonus money equal to your deposit
  • You can earn big since there’s a lot of cash in the ecosystem

However, there are also bad and ugly aspects we tend not to talk about:

  • Online betting is a strictly observed industry where you must comply with lots of regulations 
  • You need to provide a lot of documents to verify your account
  • You can play only within the confines of your area of residence, which is hard for players from the USA, the UK, China, South Korea, and other countries where sports betting is heavily regulated
  • You need to place a deposit to start playing, and these deposits are usually non-withdrawable
  • Many banks avoid working with the online betting industry, at least until your country of residence starts legalizing sports betting
  • You can bet only within limits set by the bookie
  • There is hell to walk through when you try to withdraw your earnings, especially if you “snatched a fortune.” Aside from paying the platform fees, you need to take into account various taxes on sports betting and prove the origin of your money to your bank
  • Also, the platform can halt the payout until you prove ownership of the funds you initially deposited. They might also demand a video call to “prove the player’s identity” and invent a thousand more reasons to avoid paying your earnings out
  • The platform might limit the maximum size of your bets to stop you from winning much when you are on a lucky streak or make other decisions you might disagree with
  • The platform must provide your details to any authorities on the first request, which might mean reputational losses for your business and personal image.

Thus, despite being an established and reliable approach to betting, online sportsbooks provide quite a lot of hindrances and limitations. This is where Bitcoin bets can give you an upper hand.

How is Bitcoin betting different?

The key goal of creating blockchain technology was the removal of the centralized regulator for any financial market. This creates a self-regulating environment ruled by the consensus of the majority of the nodes. Transparency of operations, immutable ledger, and anonymity of participants are great features of any blockchain ecosystem, including online betting. More importantly, after the SEC added blockchain assets to the list of tradable securities, the trust and interest in decentralized betting platforms skyrocketed.

There are currently three main approaches to decentralized betting:

  • BTC sports betting for people who want to place cryptocurrency bets on the outcomes of sports events
  • Bet-on-everything sites, where you can bet on politics, Oscars, or even weather
  • SDKs for other dapp developers to build on

The key benefits of using BTC sports bet operators as compared to conventional booking platforms are the following:

  • Anonymity, as you simply create your crypto wallet without multiple layers of authentication
  • No fiat deposit required: you can bet with any cryptocurrency supported by the platform
  • Lack of centralized regulators
  • Transparency, as all bets are placed within smart contracts and are automatically paid out in case of winning
  • Instant withdrawals to any crypto-fiat exchange of your choice
  • Ability to bet on any sports anywhere in the world regardless of your residence
  • Greatly reduced vig and other fees 
  • Absence of any tax on sports betting, as the regulators don’t even know you are here due to the complete anonymity of blockchain transactions

Still, there are certain shortcomings to using Bitcoin betting:

  • Low liquidity compared to traditional online betting platforms. This is due to blockchain and decentralized betting, in particular, being relatively new kids on the block.

    However, the COVID-19 pandemic has shifted many traditional paradigms, and the adoption of decentralized betting platforms now grows at an increased pace, as they allow anyone to bet on anything anywhere around the globe, instead of being limited by lockdowns and canceled sports events.
  • The need to be familiar with crypto-fiat exchanges and operate cryptocurrency freely. However, this isn’t rocket science, and anyone can learn to do it.
  • The need to buy cryptocurrency elsewhere and deposit it to the platform. solved this through the integration with a third-party fiat-crypto conversion platform.
  • The need to purchase the tokens of the platform and the risk of an exit scam. This is an ever-present danger that can be solved by choosing the right decentralized sportsbook provider in the first place. Reputable platforms allow you to bet in popular cryptocurrencies, not just their own tokens. 

As you see, decentralized betting is a worthy alternative to traditional sportsbooks that successfully solves all the challenges you are used to experiencing with online betting.


Decentralized betting platforms like, built on EOS blockchain, enable you to withdraw your earnings to an EOS wallet without complex and lengthy KYC procedures. There is no need to pay tax on spread betting in the UK, US, or any other country. The payouts are instant once the BTC sports betting terms on the smart contract are settled. You can withdraw money to any crypto exchange and top up your account through the integration with a third-party provider.
Thus, decentralized betting results in a much better customer experience due to enabling the features traditional sportsbooks cannot provide. Click here to try it out yourself!

What is your reaction?

Not Sure

You may also like


  1. I and also my guys appeared to be going through the good items on your website then at once I got an awful suspicion I never expressed respect to the web blog owner for those tips. Those guys are actually so happy to study them and already have unquestionably been taking pleasure in those things. Appreciate your genuinely so accommodating as well as for opting for this form of outstanding subjects millions of individuals are really desirous to be aware of. My personal honest regret for not expressing appreciation to earlier.

  2. I together with my pals appeared to be examining the great helpful hints from your website and quickly I got an awful feeling I had not expressed respect to the web site owner for those secrets. These people were as a consequence joyful to see them and have in effect undoubtedly been making the most of these things. I appreciate you for getting quite helpful as well as for picking out certain notable ideas millions of individuals are really eager to know about. My very own honest apologies for not expressing gratitude to earlier.

  3. I would like to show my thanks to this writer for rescuing me from such a problem. Just after browsing through the internet and meeting basics which were not helpful, I was thinking my life was done. Being alive without the solutions to the problems you have solved by means of your good blog post is a crucial case, and the kind that would have in a wrong way damaged my entire career if I hadn’t encountered the blog. Your good expertise and kindness in playing with every part was vital. I’m not sure what I would have done if I had not encountered such a subject like this. I can also at this point look forward to my future. Thanks for your time very much for your expert and effective help. I won’t hesitate to endorse your web page to any individual who ought to have counselling about this subject.

  4. Thank you a lot for providing individuals with an extremely brilliant possiblity to read in detail from this blog. It is often very terrific and stuffed with a good time for me and my office fellow workers to search your site more than thrice in one week to read through the new items you will have. Of course, I’m usually contented with all the amazing opinions you serve. Some 1 facts in this article are ultimately the most beneficial we’ve had.

  5. […] do male pornstars take viagra […]

  6. Thanks for finally talking about > Revolution in Decentralized Betting – < Liked it!

  7. Don’t be too concerned now if you suffer from the homework problem and are too concerned with your studies as a student. There are many options for solving this problem; Pay Someone To Do My Homework is one of them. When the Internet makes it simple and workable, you’re so concerned in the digital era. Just ask someone to do your homework to get rid of programming help online.

  8. I wish to get across my appreciation for your generosity in support of visitors who have the need for assistance with this concern. Your special commitment to getting the solution up and down was pretty helpful and has frequently allowed somebody much like me to get to their objectives. Your amazing useful report denotes much to me and extremely more to my colleagues. Thank you; from all of us.

  9. I enjoy you because of each of your labor on this web site. My aunt loves engaging in investigation and it is easy to see why. I hear all concerning the powerful method you convey invaluable guides on your web blog and therefore encourage participation from other ones about this concern so our own child is actually being taught a lot. Enjoy the remaining portion of the new year. You’re conducting a really great job.

  10. I just wanted to jot down a simple message to appreciate you for all of the amazing points you are sharing on this website. My extended internet research has now been rewarded with reasonable facts and strategies to talk about with my family. I would tell you that we readers actually are truly fortunate to dwell in a fabulous website with many brilliant people with helpful tactics. I feel really happy to have used the site and look forward to some more pleasurable times reading here. Thank you once more for a lot of things.

  11. I needed to send you that very little remark in order to thank you so much yet again for the great basics you have discussed at this time. It has been certainly strangely generous of you to convey openly exactly what some people would have sold as an e-book to earn some dough for their own end, most importantly now that you could have tried it if you wanted. These inspiring ideas also worked like a great way to realize that the rest have similar eagerness much like mine to see very much more when it comes to this matter. I’m certain there are thousands of more pleasant situations in the future for folks who look into your site.

  12. does sildenafil work viagra pro viagra drug

Leave a reply

Your email address will not be published. Required fields are marked *

More in:Blog