Bitcoin Sports Betting Exchanges
Popular international betting exchanges, like Betfair, Matchbook, and others, have barred U.S. resident from joining for years. The explosion of Bitcoin, its anonymity, and ease of digital transactions has changed that. Say hello to BetBTC!
Instead of being limited to the odds set by bookies, and only having the option to wager a certain outcome, a betting exchange allows users to go head-to-head against each other by either backing or laying a stake. The two parties agree to the bet and the odds, independent of bookmakers and closing odds.
BetBTC, as an exchange, operates as as the middleman, providing users a robust and secure platform to place bets. At no time does the exchange carry liability for your bets, as your profits are granted via other user’s funds (losers). Only a very small commission is charged.
Here’s a video to walk you through the basics of backing and laying exchange bets on BetBTC: