Monero betting is one in a long line of cryptocurrency crossovers into the traditional betting scene, and it is a match made in betting bliss. It brings the much-needed anonymity and privacy of the crypto trading industry to the house, and it has become a big hit with the players. And when you factor in the ease and speed of transactions that it brings alongside several other benefits, it becomes even better. In this article, we discuss the concept of Monero betting and other related subjects that collectively make it a hot prospect.
In this section, we discuss some of the most important things to consider before signing up to a Monero Betting site.
The number of markets in a betting site translates to the range of games and odds available for the gamers to choose from. Your bookie should provide options across various sports and offer a vast array of odds, translating to many possible outcomes. You should be able to explore horse racing, crypto esports betting, and sports betting with crypto options, among other popular markets at the site.
Your bookie should be capable of processing your transactions in no time so you can focus on other things. When you transfer coins from your wallet into your betting account, the deposit must be received very quickly. And when you seek to withdraw your winnings, your coins should not get stuck on the way.
With the rate at which crypto betting websites are springing up, it is becoming increasingly difficult to know which one is genuine. But if you want to be on the safe side, you can check their standing with the local gambling commission or the Malta gaming authority. Some bookmakers hold a license from Curacao, which should be just enough to inspire confidence in their customers.
It is nearly inevitable that you’ll find yourself in a pickle at some point during your monero betting journey. And when you do, it’ll be good to know that you can always get help from your bookie. So if your bookmaker’s customer support system is notorious for ignoring messages and putting calls on hold, you may find it hard to resolve your issues in time.
Monero betting sites, like other crypto betting sites, are renowned for their generosity with bonuses and promotional offers. They give out signup bonuses to welcome new customers. And in the long run, they’ll throw in a couple of no-deposit or deposit bonuses to keep the ball rolling smoothly for you. So while scouting for a monero betting site to sign up for, endeavor to find out how they fare in the bonus department.
There are a good number of betting sites that accept Monero and some of them rank among the biggest names in the business of crypto betting. These sites include 1Xbit, mystake, 22Bet, Masterbet, and chipstars. Many of these betting sites offer thousands of sports games where you can make deposits and earn your winnings in Monero and several other cryptocurrencies.
In Monero spread betting, you get to predict how the market value of your monero coins will change with time. The trick is this, the broker(that is, the house) will offer a bid—a p You can now place your bets by specifying a range of prices within which your coins will rise or fall against this bid. Your winnings or losses depend on how close or far your predictions are to being correct.
Monero sports betting is legal in some places and illegal in others. So you must endeavor to find out what the laws of your state/region/country say about sports betting and cryptocurrency before you start gambling with monero at a betting site.
