Five Reasons Bitcoin is Redefining the Way Vegas Sportsbooks Do Business

1. Worldwide Reach

Most sportsbooks require a mailing address as collateral. This is how newsletters, information, and withdrawals are sent to your front door. Bitcoin does not require a region to perform its purpose though. It is saved in an online wallet, similar to Pay Pal, and can be accessed from anywhere. A wallet registered in the United States is no different than a wallet posted in Germany or Qatar. This gives sportsbooks a lot more freedom to go outside their set parameters and allow them to take in more bets and more money.

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