The modern era of sports betting has lead to several changes being made to make sportsbooks more convenient and attractive. However, first, we need to discuss the prime change that has revolutionized the definition of sports betting. The inclusion of cryptocurrency has thoroughly changed the way a punter wagers his money. Sports betting enthusiasts are seeking more betting sites that accept cryptocurrency, and the reason behind this trend is straightforward.
Cryptocurrency sportsbooks are the entities that offer varied gaming experience and are more secure and transparent. Sports bettors from New Jersey can wager their money more conveniently as there are over 17 licensed bookies, which have their presence online. The best sportsbooks in NJ are the top licensed betting sites, known for offering lucrative sign-up offers along with being regulated by the State. You can register on these websites from anywhere in the US, but you have to be in New Jersey to deposit and bet.
As with all sportsbooks, those that accept bitcoins cover numerous sports events. From racing to a game of hockey, a bettor can bet on almost any sport they want. There are also multiple markets to choose from, not just ‘winner’ markets. Other top-quality bets, including championship winners, podium finishers, and constructor’s winners are popular among punters. Likewise, different types of bets are also on offer including Exacta, Quinella, or Trifecta using bitcoin or cryptocurrency.
Advantages of Using a Crypto-Sportsbook
Millions of sports bettors are now opting for an online platform that accepts cryptocurrency, and the only reason behind is security and transparency. However, before taking a deep dive into crypto-advantages, we need to know what cryptocurrency is. Cryptocurrency is an internet-based medium of exchange using cryptography for protected pecuniary transactions.
Now let us explore the advantages of crypto sportsbooks.
Quick Deposit and Withdrawals
Sportsbooks that accept cryptocurrency are renowned for the hasty deposit and withdrawal process. It takes minutes to deposit or withdraw from any online wallet, whereas the traditional transaction process takes hours or even days.
Security and Reliability
As these sportsbooks use cryptocurrency, a bettor does not need his credit or debit cards to make any transactions, and they do not even have to be concerned about failed or declined transactions. The punter’s payouts are assured, as these websites are thoroughly safe and reliable.
Higher Limits for Deposits and Withdrawals
Who doesn’t love to be on a sportsbook that offers higher deposits and withdrawal limits? Numerous punters are finding this as a great advantage and shifting to using sportsbooks that use crypto.
Protects from Price Volatility
Cryptocurrency is always volatile in terms of price. Despite this, there is nothing to worry about as the deposited cryptocurrency is immediately converted into USD. Thus, a punter never faces loss even if the cryptocurrency loses its value a bit. At the time of withdrawals, the amount in your account again converts into crypto.
How to Choose the Best?
Choosing a reliable sportsbook in terms of safety and bringingthe required betting experience for quenching punter’s thirst is most crucial. While choosing, one should consider the odds and bonuses the site is offering. Few other basic factors are needed to consider before making any decision.
- Look for a processing fee. In most cryptocurrency, sportsbooks punters are not needed
to provide any processing fee.
- Opt for a sportsbook that offers a long array of sports events for betting. Events liketeasers, head to head bets, combination bets, or proposition bets are few main niches
that every punter loves to access.
Choosing a sportsbook that has a license is the wisest decision a punter can make. As New Jersey has around 17 sportsbooks who are holding a legal license, bettors around have an array of options. With plenty of sports to bet on, faster and safer transaction process, excellent bonus offers and promotions, these sportsbooks are treating for betting enthusiasts. Though the only restriction is, a punter needs to be minimum 21 years old and residing within NJ boundaries.