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Top 3 Online Betting Alternatives

Wagering enthusiasts love engaging in as many sets online. For this to be possible, they have to use a cashing method that is fast, easily accessible, and reliable. Conventional currencies have been the norm of the day for several years now. However, times are changing, and other alternative options are being produced. Online gamers are taking up these other selections as compared to using real money.

The restrictions imposed on many betting sites are some of the reasons why alternative measures are being considered. They make it tough for gamblers from various parts of the continent to play in some of the top casinos. Here are the top 3 alternatives one can use.

  1. Cryptocurrency

This is a form of exchange which is used in online or offline platforms. One primary reason that makes cryptocurrencies a viable option is that the cost of sending and receiving this currency is low. When using banks and other new age financial institutions, many transaction fees are inflicted on both casinos and gamblers. For this reason, gambling becomes expensive for both parties, thus calling for another banking choice to be taken. Some of the leading cryptocurrencies in the market include:

  • Bitcoin
  • Ethereum
  • Bitcoin Cash
  • IOTA (MIOTA)
  • Ripple
  • Lifecoin, etc.

For an individual to use one of these to gamble, they need to have a wallet where they will store the currency. For security purposes, a two-step recovery platform is made available to ensure that only the rightful owner of a crypto wallet initiates any transaction. Choosing to use online digital legal tenders has some perks. These are:

  1. Extra bonuses when you use them to wager
  2. Reduced transaction fees
  3. Zero taxes paid to governments after making wins
  4. Instant deposit and withdrawal processes
  5. No need to register with a casino. Pay and play is the norm

To enjoy bitcoin casino games with slot machines, browse online for the list of casinos that accept BTC as a legal tender and bet away. Bitcoin will provide you with a wide range of gaming possibilities. Slots, Roulette games, Baccarat, Blackjack, Poker, and Bingo, are some of the games one can enjoy when they play online using this cryptocurrency. Sadly, this option is not available in some countries as it is banned.

  1. Betting Exchanges

A second option that can be used to bet online is betting exchanges. With the betting fever rising by the day, there needs to be a platform that regulates or fills the gaps left by most gambling sites.

Betting enthusiasts use the various sites to match their bets on odds they set. For every punter who places a particular chance, there has to be another one who is willing to match the proposed wager. The winner gets all the cash that was put at stake. If not, his opponent receives the money which was placed on the table first. These are a better alternative to betting using cash, as the percentage charged regarding commission is considerably low.

Some sites ask for 2% of the money you win while others will ask for as high as 20%. Considering that governments would ask for more, this is an acceptable rate. These sites do not work the same way that bookmakers work though. The places available for this kind of gambling include:

  • Betfair
  • Smarkets
  • Betdaq
  • Matchbook

These platforms offer better odds as they are not very competitive. Welcome bonuses provided for using this gambling method include cash, mobile gadgets, commission, and risk-free bets. A majority of international currencies are accepted for this type of gambling. They are:

  • British Pound
  • US Dollar
  • Canadian Dollar
  • Euro
  • Swedish Krona
  • Norwegian Krone
  • Japanese Yen
  • Australian Dollar
  • Swiss Franc

For a list of accepted currencies, visit each individual site. Also, to understand how these games work, click here for a detailed explanation.

  1. Cash

This is the old-fashioned method that most members are used to. For a person to make any process successful using any kind of money, the first thing they need to have is a bank account. This is what will be used to transfer money to the casino account and enable you to enjoy online gambling. Cash comes in different kinds of currencies from various countries across the globe. However, for standardization purposes, standard coins are chosen to make it easy for international gamblers to participate in games in foreign sites.

The currencies will differ from one site to the other, depending on the country an online wagering site is based. Nevertheless, currencies like the British Pound, US Dollar, Canadian Dollar, Euro, Swedish Krona, Norwegian Krone, Japanese Yen, Australian Dollar, Swiss Franc, and others are offered in most of the sites.

Each of these can be transferred to and from the casino using direct bank transfers, e-wallets, e-checks, and other online moving methods. Use renowned platforms for the sake of safety, and follow the instructions given here for a successful process. In addition to that, wager only in licensed casinos.

Betting has moved from the conventional techniques of using bank processes to make a money transfer. People are looking to use more affordable and convenient forms of transacting cash. For instances where gamblers use Bitcoin and other cryptocurrencies to wager, the benefits are massive. Only a small fee is paid to cater for the miners who mine the tender.

With so many alternatives to pick from, banks will be forced to revise their pricing for them to keep clients. Each of the three available platforms gives a player different playing possibilities. However, it is wise to research in-depth on the preferred method before you make a choice to wager.