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Difference Between Traditional Football Betting and Crypto Casino Betting

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Football is the most watched sport in the world. With 3 billion fans and counting worldwide, it isn’t surprising that the game is so popular at sportsbooks. But, in 2022, there are different avenues for placing bets. Traditional bookies are facing new competition from crypto-based gambling and betting websites. So, the question becomes, what sets these two apart? Let’s look at the differences and similarities between traditional football betting and crypto betting.

The Differences

At first glance, you might not think that there are many differences between traditional bookies and crypto casinos. In 2022, a lot more people might prefer doing their betting using a crypto-based website. After all, cryptocurrency is growing ever more present in popular culture.

But just what makes crypto-based betting so great? Well, if you were to check out websites like Stake Casino, you would find one of the best crypto casinos / betting sites online today. You will also find that using cryptocurrency to place bets makes the whole experience anonymous.

Due to the nature of cryptocurrency, transactions are incredibly difficult to trace. Meaning, you can freely place bets or gamble without fearing that your identity will be exposed. Now, there are still some precautions you should take in this situation. Protect yourself using a VPN and protect your crypto-assets by storing them in secure e-wallets. In doing so, you ensure your online security and enhance your anonymity.

On the other hand, going to traditional football sportsbooks like Parimatch comes with some benefits too. Cryptocurrency is incredibly volatile, meaning there is always the danger of losing more than you get back, even if you win. With traditional betting, this danger is eliminated, as FIAT money is a lot more stable.

Cryptocurrency is incredibly volatile
Ethereum to USD Chart - Cryptocurrency is incredibly volatile


The Similarities

Of course, betting is still betting. And there are still some major similarities between using crypto and using FIAT money to place bets. The major similarity is in how the betting is done. Namely, you can log onto an online sportsbook, place a deposit of your choice, and then await the outcome. This fact is just as true for crypto websites, as it is for traditional bookies.

More similarities include the bonuses and promotions you get at these websites. Free bet bonuses are some of the most popular ways to entice an audience. And so, both crypto bookies and traditional sportsbooks incorporate free bet promotions on their websites.

Finally, the same bets can be placed on both websites. Single match bets, multi-bets, two-way bets, etc. All these and more can be placed no matter which option you’ve chosen to go with. So, as you can see, crypto sportsbooks and traditional bookies are in many ways different, but in some ways very much the same.

Final Words

Cryptocurrency’s growth in popularity has significantly impacted the gambling industry. Even many traditional casinos are beginning to embrace crypto-based deposits. For anyone who has an interest in crypto-wagering, we hope that this article has helped you to find everything you need to know about the topic.




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