Ethereum Sportsbooks – Why Are They So Popular?

Ethereum Sportsbook

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With popular cryptocurrencies such as Ethereum now playing a major role in the online casino and poker space, the availability of online sportsbooks is often overlooked. On the contrary, there are now a range of Ethereum sportsbooks that allow you to bet on a significant number of individual betting markets. This includes the likes of Soccer, Basketball, Tennis and Baseball, as well as less popular sporting event such as Hockey, Darts and Snooker.

When it comes to the benefits of choosing an Ethereum sportsbook as opposed to a traditional, real-world money alternative, there are a plethora of key factors that makes the former stand out.

Benefits of using Ethereum sportsbooks

First and foremost, Ethereum sportsbooks allow their players to make instant deposits and withdrawals. This is hugely beneficial to the player, as fiat casinos often make the player wait days on end before they receive their funds. Further, unlike their fiat counterparts, decentralized sportsbooks do not ask their players to present government issued ID, such as a passport or driving license.

A second key reason that makes Ethereum sportsbooks so popular is the fact that they generally offer more competitive odds in comparison to fiat bookies. The reasons for this are four-fold, however in most cases it is because crypto casinos do not have the same level of overhead requirements. For example, they do not need to concern themselves with hugely expensive KYC/Anti-fraud departments, as the underlying blockchain protocol ensures that each and every bet is placed in a safe and secure environment.

Moreover, as Ethereum transactions are virtually free of charge, crypto sportsbooks do not have to suffer credit card processing fees and face the risk of a charge-back. As a result, these sportsbooks are able to offer vastly better odds to the player.

Ethereum and eSports

Ethereum has significantly impacted the world of eSports betting by introducing a decentralized and transparent approach to wagering. Through smart contracts and blockchain technology, Ethereum facilitates trustless transactions, ensuring fair and tamper-proof betting outcomes. Decentralized applications (DApps) built on the Ethereum network enable users to engage in eSports betting seamlessly, with transparent and auditable records of all transactions. The use of Ether (ETH) as a native cryptocurrency allows for quick and secure transactions, reducing the need for intermediaries.

Ethereum’s programmable smart contracts also enable the creation of innovative betting platforms and unique wagering options within the eSports ecosystem. As a result, Ethereum eSports betting provides users with a more transparent, secure, and efficient way to participate in the rapidly growing world of competitive gaming.

This intersection of blockchain and eSports not only enhances user experience but also reflects the ongoing evolution of the gaming and betting industries.

Do Ethereum sportsbooks offer the same number of betting markets?

A further myth to the Ethereum sportsbook debate is that crypto-specific gambling sites do not offer the same number of betting markets when compared to more traditional outfits. This couldn’t be further from the truth. For example, decentralized sportsbooks allow you to bet on a significant number of markets, such as the player to score the first goal in a game of Soccer, or even the total number of tries in a game of Rugby.

Ultimately, not only do Ethereum sportsbooks allow players from all over the world to bet on sports events in a safe and secure manner, but they offer instant deposits and withdrawals, better odds and an overall better gaming experience. To help you pick one, we have selected three Ethereum sportsbooks that stand out from the crowd.

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Jop N.

Jop has been a crypto enthusiast since 2014, and as the founder of ETH Casino, has been writing about the space since 2017. With a background in igaming, he is uniquely qualified to shed his light on everything Ethereum gambling related.

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