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The betting and gambling industry has seen rapid continuous growth over the years with the advantage of legalisation in many countries and states. The gaming industry has seen tremendous transformations from land-based to virtual, online, blockchain-enabled, cryptocurrency-enabled, and many more, all thanks to the technology advancements. Where the pandemic has slowed the process of industrial developments, cryptocurrencies and blockchain have been major catalysts in safeguarding the industry from drowning and hence changing the landscape of the gaming and betting industry. Focusing predominantly on the online betting sector, the rising use of cryptocurrencies has taken a big step towards progression, especially during the pandemic that led to rising in online usage of leisure and other activities. Cryptocurrencies, just like Bitcoin, Ripple, Solana, Polygon, Lite Coin, Ethereum, etc. have appeared as a viable alternative to cash-based betting and fiat cryptocurrencies. Today, cryptocurrencies are seeing robust accelerated growth and have moved the global gambling industry towards cryptocurrency trends.
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What is Bitcoin?
Bitcoin is one of such cryptocurrencies that has set a different trend in the gaming and gambling world. Want to know more? Well, Bitcoin is a decentralised digital currency that has originated as a different way of transaction from peer to peer with no involvement of cash or currency. The transactions in Bitcoin are supported by a variety of network nodes and the transaction gets recorded in the ledgers, known as the blockchain. Being the most operating and popular cryptocurrency among all, Bitcoin has gained more popularity and larger market coverage than any other cryptocurrency in the world. Around 41.9% of the total market coverage among cryptocurrencies is catered by Bitcoin, followed by Ethereum and so on.
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What is a Bitcoin sportsbook?
A sportsbook or sports book is a place or a platform which is available over the internet that constitutes various sports and competitions like golf, football, tennis, horse racing, baseball, ice hockey, basketball, and many other sports to bet on. The sportsbook is similar thing as a bookie or bookmaker, that allows gamblers to bet. Now, what is the difference between a normal sportsbook and a Bitcoin sportsbook? It is just that the normal sportsbook facilitates betting in currency, whereas a Bitcoin sportsbook aligns the payments to be done in Bitcoin cryptocurrency. However, in most cases, a Bitcoin sportsbook is interlinked with many other cryptocurrencies and other payment types for an enhanced yet easy transaction. Now, the next question that arises is whether the Bitcoin sportsbook is safe and secured? Well, yes, the Bitcoin sportsbook is supported by strong blockchain technology to smoothen the transactions from any corner of the world.
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Bitcoin Sportsbook VS Bitcoin Sports Betting, Which is Better?
In a way, a bitcoin sportsbook is more or less similar to bitcoin sports betting site in terms of operation. However, a list of advantages and disadvantages makes them different from both and hence allows users to choose the best as per their needs and choices. A bitcoin sportsbook can offer you the most trending range of sports, events, and markets for a complete betting experience whereas a bitcoin sports betting site may limit its number of events and market coverage. A bitcoin sportsbook can have less wagering and legislative confinements whereas it may vary from region to region in the case of a sports betting site. However, the bitcoin sportsbook may be less beneficial in terms of diverse currency support, and credibility doubts than that of the sports betting site. So, what’s better? Well, it depends on the choice of the customers and their needs.
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Types of Bitcoin Sportsbook Software To Choose From
When it comes to starting the development of sportsbook software, the first thing to decide is whether to develop a complete platform as custom or bespoke or to get it completely readymade from the development agency. Overall, selecting the right sportsbook solution for a business is essential from the perspective of positive outcomes. The following are a few types of Bitcoin sportsbook software that are widely recommended across the globe.
Turnkey Bitcoin Sportsbook
A turnkey Bitcoin sportsbook is where you get complete access to each stage of project development, gives reliability to operators to amend changes in the project, and comes with 100% ownership.
White Label Bitcoin Sportsbook
Our white-label Bitcoin sportsbook is somewhat similar to turnkey in terms of operations, but with the difference that a white label bitcoin sportsbook software can be customisable but does give the limited ownership and authority to make changes.
Custom/Bespoke API Bitcoin Sportsbook
The custom or bespoke API Bitcoin sportsbook can help you get as many things as you want to customise. Equipped with the best bespoke API systems, the custom API Bitcoin sportsbook aids the solution looks more unique and personalised.
Retail Bitcoin Sportsbook
Our other offering as a retail Bitcoin sportsbook is what gives you all the features such as accepting, editing, and deleting bets, generating payouts, managing bet history and every other important element with effective administration of all the information.
Mobile Bitcoin Sportsbook
Get access to the most trending mobile Bitcoin sportsbook development that gets you to access to an amazing sportsbook in your handy, mobile devices for anywhere gaming experience.
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Steps to Start a Bitcoin Sportsbook
While thinking of developing a good bitcoin sportsbook for your business, the first and foremost step is to identify the process that helps you move in the right direction.
Decide What You Need
Begin with the identification of needs to develop a fascinating bitcoin sportsbook for your business. The process may involve knowing how a bitcoin sportsbook operates and what areas it can cater to as per your expectations. The next in line is to plan the requirements well.
Finding a Good Software Provider
Finding a great sportsbook software and service provider is never an easy task. Think and plan on what you want, what kind of deliveries you expect, the quality of the sportsbook, cost and budget ranges, and so on. Identifying and answering these questions for yourself, and then finally looking for the best service providers like GammaStack must be done.
Interface Designing
Modern gaming and betting styles could not go well without ultra-modern interface design. This process may require you to opt for the most user-friendly sportsbook interface and selection of the multiple channels to scale with. Never forget, a super user-friendly design is very vital for engagement! So put the best designs, attractive colours and textures, etc. for an engaging design.
Integrate the Best Features
Now the other stumbling step is to integrate the systems of your choice into the sportsbook. From integrating the best APIs and payment gateways, different cryptocurrencies along with Bitcoins, legal integrations and licensing, and other features. Not just this, from GammaStack, you can also get diverse casino games integrated with the sportsbook so that you can switch easily between the two.
Customisations
The world today is so competitive that you need something unique and innovative to offer your customers for edging the competition. Customising the sportsbook is one such potential way to create your sportsbook unique. To start a Bitcoin sportsbook, customise your markets and events coverage, custom tokens for your games, and whatever you want!
Marketing & Launch
Marketing your offerings is as important as developing and launching them, hence a big eye must be kept on the same. Companies like GammaStack not just offer clients the bitcoins sportsbook but also hand you amazing marketing guidance for your ease. The final stage is then launching the sportsbook for players and enjoying the engagement seen among them.
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Sports & Non-Sports to be Covered in a Bitcoin Sportsbook
If you are thinking about what games and betting markets you can involve in the sportsbook, here are some of the top-rated solutions that we cater to our clients.
Sports
Esports
Rainbow Six Siege
Rocket League
Apex Legends
Free Fire
Fortnite
FIFA
Arena of Valor
Hearthstone
CounterStrike
PUBG Mobile
DOTA - 2
Overwatch
Call of Duty
League of Legends
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Bitcoin Sportsbook - Key Takeaways
Businesses that aim to cover the markets fiercely, go for integration between sportsbooks and casinos too. This helps users to select and switch between the sportsbook and other online casino games for a wider gaming adventure. So, if your aim is brand diversification, do not miss out on our perked offering and get both casinos and sportsbooks in one.
Branding is what makes the business stand out from the crowd efficiently, for which getting the best marketing activities is vital. Let’s assume how easy would starting a Bitcoin software become with ready-made, piece-of-the-cake marketing offered. Hence, if there’s a need for marketing aids, ask us and it can be delivered parallel with our Bitcoin sportsbook offering for your business.
We understand that it is not always flexible to maintain a large team of personnel in your firm. A ready-made team of developers is again an extravagant offer for many businesses which can enhance operations. So, let’s get the on-demand hiring of developers for any such requirements from GammaStack and fulfil the project needs completely, now what else would someone ask for?
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Require
Bitcoin Sportsbook?
Some of the Countries Where Sportsbook are Legal
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GammaStack- Offers Advanced Bitcoin Sportsbook
Starting a Bitcoin sportsbook is a tricky task and requires a lot of effort, comprehensive assistance, and many other aspects. To help you in all of the steps competently, GammaStack is the best go-to company. GammaStack is the premium Bitcoin sportsbook software development company that offers a bundle of sportsbooks and other solutions to businesses across the globe. With state-of-art technologies and a best-in-class pool of developers and personnel, GammaStack serves the most unique and exclusive solutions that not just fulfil your needs but also level you up in terms of quality, compatibility, competitiveness, and scalability. Above all, serving a delightful experience with long-term collaboration is what GammaStack is known for, and so seeks to maintain its good customer rapport by efficiently listening and adhering to the demands.
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Sources
- https://fumbi.network/en/news/bitcoin-as-legal-tender-in-another-country-crypto-weekly-update/
- https://www.cryptopolitan.com/crypto-betting-vs-traditional-gambling-sites/#Crypto_Sportsbooks_vs_Standard_Betting_Sites /
FAQs
GammaStack has been in the field for many years and has delivered uncountable Bitcoin sportsbooks so far of different types viz. Turnkey, white-label, custom, and so on.
The development and start of a Bitcoin sportsbook solely depend on the type of sportsbook selected. Certain software such as a custom might take a longer time, and so on.
GammaStack has the most premium list of crypto sportsbook offerings. The crypto sportsbook that we majorly work on includes Polygon, Binance, Lite Coin, Ripple, Ether, etc.
Well, this depends on the type, scale, and aims of the business. Businesses that require complete ownership generally opt for the turnkey sportsbook, and so on.
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