The rise of the crypto currency in modern day transaction cannot be fully overemphasized as the trend of transactions are gradually moving out of the traditional banking mode. Though, the traditional banking transaction to some bettors are fraternizing about the slower mean of crediting their account.
In fact, some customers have had issue on having to stake their bet right on due to the transaction delay between the betting cadre and the traditional banking mode which have made some bettors lose their chance winning big right in time with the necessary credit.
However, with crypto currency mode of transaction, there has been some efficiency reportage between the bettors and the betting firm which have given access for the bettors to make a stake right at the finger tip of their betting account crediting.
While there have been enough appreciation from some betting firm and some other bettors to make an even easier and credible transactions right on time in order to establish their stake. Although, a few seconds can easily cause some odds to change either higher or lower.
As some scenario of odds change have been established in the past while the most daunting NHL odds and picks for the game was seen to falter as Tampa Bay lightning chances of winning the Stanley Cup was reduced as the Boston Bruins increases.
Though many bettors might not have had issue with the change in the hockey league odd while they still have the chance to stake on their favorite team, but the credibility of winning higher with the same stake cash flow might eventually a grievances that could ensure that the betting firm lose their customers to another in the end.
However, in other to prevent and create more centered relationship with their customers, below are the reason why every sportsbook should allow the use of crypto currency as a mean of deposit from their customers.
Easier and faster transaction
If not for anything, having an easier and faster transaction mechanism is one of the most imperative factor that all sportbooks should provide for their customers. With faster transaction mechanism that the crypto currency will be providing, many bettors would have a chance to stake right on time.
In fact, it would of great benefit to such sportsbook as the faster the stake made by the bettors on their rank, the higher the return such sportsbook would make.
Invariably, company to the traditional transactional method that most sportsbook is accustomed to via the use of traditional banking system – either by the online mechanisms, bank deposits or personal transfer model.
With all these type of transaction, there use of unreliable network mode or overwhelming workload in the bank station, coupled with transaction traffic could delay the payment mode which will reduced the intensity of the bettors spirit to wager on favorite team.
Moreover, have a delayed payment when the bettors finally struck their luck in winning some accumulations could lead to impatience of advancing to another sportsbooks firm, but with crypto currency use of block chain model, the transaction mode have become so easier and faster in a split of second.
In fact, crypto currency would advance the customer base of a sportsbook due to the fact that crypto currency is gradually and seamlessly been accepted all over the world as another mean of legal tender – while many bettors have shown their preference to the crypto in recent market.
While it easier to know and track each transactions through to their source using fiat, it is even more difficult or impossible to do with crypto currency as this modern transaction uses the block chain technology that made it impossible to track.
In fact, most people like to keep their finance from the public eye and while gambling via online sport betting, many bettors prefer to remain anonymous making their transactions either by depositing or withdrawing from the sportsbook.
More with the bettors fancy their chance to remain anonymous without been tracked by their betting accounts and the basis of the currency make it possible for their bettors to remain anonymous, while it is difficult to trace a transaction to an individual without announcing their wallet address, thus enabling the sportsbook to keep the customers identity intact from the watchful eye of the public.
High security measure
With rise of banking fraudulent across the globe, having to provide a basis of security measure to the bettors while entertaining themselves with their online sport betting adventure. Though, there have been some report of the insecurity issue regarding the use of crypto currency.
On a contrary, the use of crypto currency is of the safest mechanism of making deposit and withdrawals – though, most people with the unsafe commenter of crypto currency might not have been well versed in the technology that back the crypto currency transaction.
In fact, the mechanism of crypto was designed for online operations. Thus moving the crypto online was from the basis of strength rather than what most people initially think of the technological transactions. However, as long as the bettors look after it wallet and ensure that the two ways authentication, it will be difficult for any fraudulent action to occur.
Thus, having to employ the use of crypto currency provide more security basis against some online fraudulent actions which could cause the sportsbook to lose their customers to another betting firm.