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September 7, 2021

แทงบอลสด, Sports Betting And The Use Of Cryptocurrency

Live betting makes it possible for bettors to bet on an ongoing sports game. A change in in-game betting odds would only usually change during commercial breaks or a timeout. This would give bettors a chance or an option to change their wager and even place a new a wager during the game.

แทงบอลสด – What is Live Football Betting?

One of the largest and major innovations in the history of gambling that has very much increased in popularity is live betting. This is made possible with the advent of the Internet which made in-play betting accessible to many, plentiful as well as exciting.

แทงบอลสด or live football betting is one of most popular live betting action that bettors around the globe engage in. This is no surprise since football, also called soccer, is a much-loved sport with over 3.5 billion fans across Europe, America, Africa, and Asia.

The fundamental concept of แทงบอลสด or live football (soccer) betting is quite straightforward since it is similar to betting on football the traditional way where you select your bet, place your wager and get paid if the odds are in your favor. However, traditional football or soccer betting would involve placing your bets before the game or match starts. But, when it comes to live betting, this are different.

In แทงบอลสด or live football betting, you place your wager in-game or after the match has started. This is the primary difference between traditional and live football betting. As it is possible for bettors to place their wagers after the match has begun as well as be able to change or place new bets in-game, this provides bettors more wagering opportunities and winning chances.

Cryptocurrency and Sports Betting

For a lot of thrill seekers, live football betting, or live sports betting in general is an activity that they engage in and very much enjoy as they get to watch, analyze, assess as well as predict the erratic possibilities and results of an ongoing or live sporting match.

Because of the ever-growing popularity of live sports betting, online bookmakers had to look for a payment alternative that’s faster, simpler, more convenient and safer. This is where cryptocurrency, like Bitcoin, comes in.

With the rising popularity, recognition, acceptance and utilization of cryptocurrency or digital currency, online sports betting websites have adopted and incorporated the use of cryptocurrency as payment alternative. As a result, not only has sports betting become safer and more thrilling, but also has widen their reach drawing in more bettors around the globe.

The number and types of sports and sports leagues would vary from one crypto-supported online sportsbook to another. Hence, there will definitely be a steady inflow of sports betting options as well as sports bettors who have the cryptocurrency to place their bets.

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October 11, 2020

Impact of Sportsbetting in State Economy

Eija Järvinen
gambling

Companies like YouTube, Twitter, and Facebook see new sources of income with sports betting (แทงบอลออนไลน์). Many leagues, including the NBA and MLB, aim to impose a 1% fee on wagering on their games. This is part of a larger league push for “integrity fees”. The leagues argue that sports betting is a derivative of their games and that they need to invest in monitoring and investigating ethical concerns arising from sports betting.

Of course, sports organizers and sports betting providers insist that the games are independent of each other. The casino lobby is also against the fees, claiming that the leagues will already benefit from the increased interest and commitment to games. The American Gaming Association, which is committed to the casino industry, has stated that this 1% fee actually equates to 20% of sports betting revenue as they only withhold 5% of stakes after paying out to winners.

The state also earns a lot thanks to the betting tax

Of course, the tax authorities would also like to get a piece of the cake and earn a lot. Betting tax is practically in all countries that tolerate gambling. In Germany, for example, this tax is 5%. Some betting providers charge this tax to their customers, but this also depends on the respective licensing. Popular betting providers, such as Betfair, withdrew from the German market a few years ago due to the tax.

Increased popularity and ad spend on sporting events

Consider these facts: The average NFL fan who doesn’t bet sees around 15 to 16 games a year. The average NFL fan who makes bets sees 45-50 games a year. The audience ratings for a national law would automatically increase. That would please the entire sports television industry, which is under pressure from streaming services, social networks, and video games. Many sports fans were previously unable to watch games without a subscription.

With a legislative change, sports consumption and engagement are likely to increase as fans may have a new, legitimate interest in the results.

Take Great Britain for example British betting companies put 20 to 30% of their income back into advertising.

Legal sports betting can also revolutionize the way people view sports. In England, sports betting companies are advertised on large billboards and screens in stadiums. The advertisements are in places that can be seen by many people.

New opportunities for startups and existing large betting providers

Legalized sports betting will result in many new betting providers entering the market and leading providers to expand and expand. In Europe, the market for online gambling providers is huge and more are entering the market every day. Sports outlets can now monetize these through subscriptions or ads, or even get rewards for affiliate link advertising when referring customers to betting companies. It will likely create a new world of content as well, including statistical analysis and news. There will be a shift from sports coverage to production information for entertainment purposes. You can make more money by reading the information.

Example: Stock market research helps investors make the right investment decisions. Sports analysis then helps players place better, smarter bets.

Who benefits from sports betting

Both large and small businesses and the state can benefit significantly from sports betting. Many companies have already prepared for a world of legal sports betting. The impact of sports betting on the economy is enormous. The entire European market is currently benefiting from the legalization of sports betting. The state receives higher tax revenues, but must also take action against illegal betting providers, and jobs are created.

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September 13, 2020

Online Gambling And Sports Betting With Cryptocurrency

For a long time, sports betting is an activity that many engage in wherein punters visit bookies in their locality so as to wager on various sports games, like soccer, football, tennis  or horse racing. Over time, the gambling industry which includes the sports betting sector has entered the online domain offering punters more perks.

SBOBET SBO60 for instance provides a channel for the people of Thailand to bet on Football. Check out ราคาบอลไหล. Since Thailand is a place where all forms of gambling, except for two, the site has become a popular channel for Thais to engage in offshore online gambling wherein they are able to wager on various sports and play casino games. SBOBET has been in the online gambling space for more than a decade. And with the professional serve they provide, they are able to establish trust and loyalty with their members as well draw in more players.

Online Gambling  And Cryptocurrencies

As per Google Trends, the attraction and interest in web-based sports betting has been gradually but steadily growing for the last ten years. Along with the rise of online sports betting, is the growth of cryptocurrency as well. Hence, it isn’t a surprise that online sports betting sites have adopted the use of digital currencies. This has then allowed cryptocurrency holders to potentially grow their digital assets through online sports betting.

Many sports betting websites have indeed integrated the use of cryptocurrencies as a payment option since they have recognized its potentials as well as the possibilities it offers both for the bookie and the bettor. While cryptocurrencies do provide certain advantages, it too has its drawbacks which could be a risk to both parties. And one major drawback is its volatility.

Cryptocurrency – Its Volatility Factor

When you purchase or trade cryptocurrency, you may be doing this because you would want to utilize these digital assets to purchase certain services or products, including using it to place a wager on a crypto sports betting site, or to support or back a particular initiative. Although this is an excellent alternative, the drawback is that the coins are volatile, meaning their value isn’t stable. The value may fluctuate as if you made an investment in the stock market and then watch the value of your assets continuously rise and fall in value.

Every asset has a certain measure of instability or volatility; however, cryptocurrencies are perhaps the most volatile form of asset that one could possess. Therefore, the individuals who purchase these digital coins run the dangers of watching the value of their assets to considerably drop at any time. While the value could rise as well, its volatility is an issue for people who would want to utilize it as a currency.

To illustrate, say a business receives a Bitcoin payment wherein the value is about $6,000 on the day it is received. After a day, the value suddenly drops to $3,000. This then leaves the business $3,000 short, which could bring about a real problem in cash flow.

Why Is Cryptocurrency So Volatile?

The digital assets are so volatile for many major reasons. Below are two:

  • NEWNESS. As cryptocurrencies are assets that are comparatively new, they aren’t that developed yet unlike traditional assets such as bonds and stocks wherein their value is much more stable. Once fully developed and established, the volatility of cryptocurrencies should somehow peter out. So for now, investors will have to put up with the fluctuation.
  • HERD MENTALITY. The fear of missing out is one reason why many invest in cryptocurrency. Hence, they fail to truly understand what it means to purchase and hold this asset. Because of this, they sell their assets when others do so and purchase when others are purchasing which directs towards immense surges in either way.

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