This was popular for a while, but the bitcoin community is tight and soon heard that some bitcoin books closed with player balances or failed to pay on big bets. They also provided anonymous betting to go with their anonymous bookmaking. But these bitcoin books countered that fear by offering quick bitcoin transfers at any time. Of course, the betting public is conditioned to avoid new online bookies like the seafood menu at a 24-hour diner. Bitcoin puts us back in the e-wallet era and lets us again take control of our bankroll.īitcoin Betting started a few years ago when Bitcoin-exclusive bookmakers all popped up overnight. But go back a few years earlier, and there were many online wallets like Instadebit and Neteller, and before that there was Paypal. Right before bitcoin, there weren’t a lot of options to quickly fund a betting account. That’s because, although the blockchain and crypto hash functions (and a bunch of other terms we could put here to sound smart) are above the bettor’s head, most old timers do understand e-wallets. Bitcoin sports betting is new and high tech, yet for online bettors who have been around more than ten years… it feels like old times.
