The crypto industry is all tightly penetrates into our lives, capturing new areas. We already wrote about how the blockchain will affect the science, music, and pop culture. Betting is also not spared! now you can put almost any cryptocurrency in any event. The demand is there on almost everything. For passing in Russia of world Cup interest in the betting industry have increased significantly. For example, according to the expert of RBC, companies expect a two-fold increase in the aggregate monetary volume of bets on football for the entire event, and the number of bets placed can increase by 40% compared to the previous month. Cryptocurrency brokergae team probably also not remain aloof from this momentous sporting event. What are their main features?
Betting crypto-services are divided into three types. The first allows users to form their own rate. Anyone can create a smart contract for a particular event, whether the outcome of the match or the result of the presidential race. Then he puts the ratio and date of the event. Then saw this contract and interested parties can bet on the cryptocurrency is most likely, in their view, outcome. At the same time investments of the participants multiplied by the coefficients must be less than or equal to the pledged contribution of the founder of the contract. If this condition will no longer be performed, the contract is automatically frozen until such time as the bookie will not make the required amount. Thus guaranteed the payment of all betting.
The second type is more reminiscent of the traditional gaming platform. In fact, it is a common centralized online platforms that differ only by the fact that bets are not Fiat as in the crypt.
Still others are regular online (or even offline) platform where you can bet on a particular event in the cryptocurrency industry: when Pavel Durov will launch its TON, will drop bitcoin to $1,000, will in the end acne Buterin a job offer from Google, will reveal whether and when the identity of Satoshi Nakamoto — gamblers willing to bet on the probability of such events. Strictly speaking, this type of betting offices cannot be attributed to the crypto-bookmaking, since the mechanism itself rates them it makes no difference, but it is undeniable that the phenomenon of the crypt and of the events connected with it, are of interest from avid gamers wanting to test your luck.
It is interesting that, according to the representative of one large site specializing in betting on sports and on events in kryptomere, the latter may well have to compete with not the most known sports. Hockey and football certainly still cause much more excitement. A direct cryptocurrency bets still represent a small share of the income of the centralized sites.
Bitcoin sverhpredelna currency, predict the rise or decline, which often can not afford even the most reputable experts in the industry. So bet on the fluctuations of bitcoin are gaining increasing popularity. It is noteworthy that since the Russian legal brokers can operate exclusively with rubles, then they take bets on when the country finally legalized bitcoin payments and will result in the proper state legislation in the area of the crypts. One of the most famous experts considered the statement of Tim Draper, known for being enriched at the expense of their early investment in Twitter and Skype. His predictions are of particular interest among crypto-enthusiasts, since even in 2014, it was announced that the price of bitcoin will rise from $300 to $10,000. In 2018, it remains true to their bullish convictions. «By 2022, I think about $250,000 for bitcoin. Believe me, it will happen. They’ll think you’re crazy, but believe me, it will happen, it will be awesome,» he said at Blockparty this year.
Anonymity. For people hoping to hit the jackpot, this factor can become almost decisive in the choice of format to your gambling adventure. And it’s not just the reluctance to publicize your winnings or to pay a tax to the state. Often we are talking about security. The winners of the regular Fiat lotteries whose names were made public or leaked illegally to the masses, not just robbed, killed , or tried in some way to lure money. In the same betting sites that accepts cryptocurrency, check mostly not required, or takes very little time.
Speed. A win is instantaneous. If you withdraw Fiat to a Bank card, usually you need to wait up to 5 days, bitcoins you will receive in your wallet instantly.
The additional payments. You do not need to pay additional Bank fees for transaction.
The disadvantages include the presence of such playgrounds in the grey area with the legislation of many countries. Because of this, in the case of fraud on the part of even tested and recommended by the experts sites, to bring her to justice using the legal tools will be very problematic. In addition, has not been established finally the legal status of such companies, it is difficult to say whether you yourself violate the law by their actions or not? Anyway, it is already clear that in the future the betting crypto-platform will develop as demand for such services is growing steadily.