Coingaming launches New Bitcoin Online Sportsbook

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Bitcasino-sportsbook-screenshotSports betting enthusiasts can now bet on their favorite sports events at Coingaming’s brand new bitcoin online sportsbook. Since the product comes from Coingaming, one of the top providers for white-label bitcoin online casino solutions, it is expected to attract a lot of attention. Last week we wrote that one of the top Coingaming brands had launched its new Bitcoin sportsbook. Other brands such as mBit Casino have since followed suit.

Unique Opportunities for Bitcoin Gamblers

Coingaming has issued a press release, in which it says that its new sportsbook product will present a wide range of unique opportunities for operators of bitcoin online gambling services. This is because Coingaming has designed the product so that it can fetch the maximum profits for bitcoin operators who want to either integrate online sports betting services to their existing portfolios or improve existing sportsbook offerings.

Since the new sportsbook allows players to bet in bitcoins, it has several advantages over fixed odds platforms based on fiat currencies. Even Coingaming Communications Director Mark McGuinness admits this fact. He said: “We have over 10,000 live betting markets on offer per week, including fast developing betting sports such as MMA and eSports. Benefits for the player include the ability to place larger bets on events on any device with better odds, instant deposits and cash-outs. These features will appeal to young smart, mobile focused sports bettors that demand instant gratification.”

Benefits for Players

Coingaming says that its products come with several advantages for bitcoin players too. For example, Coingaming offers an excellent online casino. The banking system is so efficient that players can get their accounts funded and start playing in no time. All they need to do is connect their cold wallet bitcoin address and click on the Go button. Since Coingaming handles all the difficult tasks, neither players nor operators need to worry much.

Coingaming’s white-label bitcoin online casino solutions are easy to use as its team of talented designers have made it easy. The engineering team has made it extra secure and fast, and the company’s legal team has made it compliant with all regulatory systems. Operators simply have to market their casino products and players simply have to play the games.

Bitcoin Gambling Continues to Grow

Coingaming’s new bitcoin online sportsbook comes at a time when bitcoin gambling is growing steadily. According to Coinspeaker, a news source for the bitcoin community, bitcoins are “the ideal casino chips.” The bitcoin network began in 2009, and according to Coinsetter, a bitcoin exchange, one of every five bitcoin transactions during these years were online gaming related.

AnoniBet, which was launched in 2011, claims to be the first online bitcoin casino and sportsbook. Today, there are more than 150 bitcoin-only gaming sites in the industry.

The advantages to using bitcoins for playing real money casino games are many. Bitcoin transactions are anonymous and carry near zero fees. This allows operators to accept tiny bets without incurring extra costs. Bitcoin deposits and withdrawals are instantaneous.

One of the biggest advantages of bitcoin casinos is that most of them are provably fair. This means that they use a technology called cryptography, which enables players to check for each game’s fairness, accuracy, and randomness.

August 18, 2015: • No Comments

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