Crypto eSports Betting At Bookmaker.XYZ
Unlike the traditional sportsbooks that bet against their users, Bookmaker.XYZ allows bettors to lock up funds into blockchain smart contracts that have inevitable outcomes when they place their bets. With the rapid innovations in the world of betting, decentralized betting is slowly becoming the status quo for online sports betting. The introduction of eSports in betting was bound to happen, and the use of crypto for eSports or any kind of sports is what is obtainable these days, and Bookmaker.XYZ is your go-to online betting platform.
What Is eSports Betting with Cryptocurrency?
Electronic sport, a.k.a. eSports, is an organized modern-day technology video gaming competition. eSports allows professional multiple players around the globe to partake in this video game competitions. Reports show that in the later parts of 2010 alone revenue was estimated at over 1 billion USD, with viewership rising to over 400 million plus.eSports has birthed lots of video gaming categories which include the Champions Series, League of Legends World Championship, Intel Extreme Masters, Street Fighter, Counter-Strike, Dota, Super Smash Bros, etc. Cryptos are the in-vogue form of money for payment on online platforms. The online sports betting industry is already drifting towards that route, as online sports betting bettors can now place their bets on eSport gaming events, using cryptocurrencies backed by blockchain technology.
The Most Popular eSports Games
There are loads of eSports gaming competitions that millions of bettors can be a part of. Below are the most popular eSport games that players can engage in:
Dota 2
Developed and released by Valve in the year 2013, Dota 2 is another most popular eSports multiplayer online battle gaming arena, developed as a series to the Defense of the Ancients, in a community-formed mod for Blizzard’s Warcraft III. Dota has garnered lots of followership, and as such, it has grown to be one of the sought-after eSports games. With the introduction of crypto coins such as xDAI, Bitcoin, Litecoin, and Ethereum, into eSports betting, betting enthusiasts are in for a treat.
League of Legends
The League of Legends also known as LOL is amongst the most popular battle arena eSports games, and it was built in 2009 by Riot Games for lovers of this eSports video game. The LOL is filled with an amazing team experience that comes with real-life strategy, and role-playing of video gaming In the League of Legends, two separate teams go at each other in a battle of eSports video games.
StarCraft 2
Wings of Liberty, a.k.a. StarCraft 2 is one of the most popular eSports games there. It is a MAC OS X and Microsoft Windows real-time strategy video game developed by Blizzard Ent., and launched in 2010. Starcraft 2 is a follow-up of the first one, it centered around an avant-garde species that possesses unearthly powers, humans, and a super species of life forms.
Blockchain eSports Betting vs Centralized Betting
The world has metamorphosed through several technological advancements and innovations. Blockchain technology came, and the world has embraced it, numerous industries are already drifting towards this technology, for example, the online centralized sports betting and decentralized sports betting business markets are already offering crypto bettors the safest form of blockchain eSports betting. The requirements and hiccups that are associated with centralized betting are frustrating.
The Bookmaker.XYZ is the first decentralized betting site to run on the Azuro Protocol, and it runs on blockchain smart contracts, which translates that no sportsbook, house, or bookmaker will bet against bettors. Upon winning a bet, the smart contracts permit a user to collect their winnings, as compared to the traditional centralized betting bookmakers putting bettors through just to collect their winnings.
The traditional centralized house or sportsbook requires a lot of verification from bettors, they may require bettors to submit several means of identification, contact address, phone digits, and even passport details. Blockchain decentralized online sports betting on the other hand does not have such requisites. Bookmaker.XYZ site, an online decentralized sports betting site that feeds off Blockchain technology, requires a user to simply connect their wallet to the Gnosis chain to automatically set betting functionality.
Popular Cryptocurrency For Betting
Certain cryptocurrencies are online sports betting bettor’s favorites, due to their popularity, acceptance rate, and compatibility. Below is an analysis of some of these most popular cryptos for betting:
Bitcoin Sports Betting
It is of great importance, especially for bettors who are new to Bitcoin betting, to understand what the Bitcoin cryptocurrency is. Undeniably, Bitcoin is the most popular crypto betting exchange that bettors can use to place bets on online sports betting. Bettors who want to use Bitcoin must consider having a crypto wallet for easy betting transactions for Bitcoin betting.
Ethereum Sports Betting
The Bitcoin crypto is not the only cryptocurrency that is used for crypto betting, the Ethereum eth is another decentralized tender for online sports bettors, who want to place bets on a huge load of online sports betting events. Ethereum betting is highly remarkable, convenient, popular, and a very fast form of tender.
xDAI Sports Betting
xDAI is another crypto that is used for various transactions and payments and is presently being used as a type of tender for online sports betting. For example, the Bookmaker.XYZ runs on the Azuro Protocol, which in turn runs on the Gnosis Chain, which uses the xDAI as the main traditional tender. Bettors can place their bets in xDAI crypto, and receive their winning via the same cryptocurrency.
Pros of Cryptocurrency eSports Betting
- Anonymity;
- Peer-to-peer network;
- No privacy threats;
- Non-fiat currencies;
- Safe online sports betting experience;
- No taxes;
- Quick, reliable, and secured crypto payment options;
Countries Where Crypto eSports Betting Is Legal
Crypto sports betting has no restrictions whatsoever, and as such, online sports bettors from all around the world can engage in sports betting online using crypto. It is worth mentioning that certain regions frown upon gambling, but individuals that engage in online sports betting can still place bets using crypto. Below is a list of countries where crypto sports betting is legitimate:
- South Africa;
- Germany;
- Norway;
- Switzerland;
- Nigeria;
- United States of America;
- India;
- Ghana;
- Russia;
- Kenya;
Frequently Asked Questions
What cryptocurrencies can I bet with on bookmaker.XYZ?
Bookmaker.XYZ is an Azuro Protocol front-end operator. Azuro Protocol is currently running on Gnosis Chain, which uses xDAI as the native token. The Azuro liquidity pools are currently made up of xDAI and all bets are placed, and redeemed, in xDAI. You will need to obtain xDAI to place bets on bookmaker.XYZ
How To Bet on eSports with Ethereum?
Buy ETH & DAI on a CEX (Centralised Exchange) such as Binance, KuCoin, FTX, etc.
Withdraw ETH & DAI to your ETH address. ETH is used for gas and DAI is the token you will be bridging. If you have followed this process, you can jump to the "Bridging DAI on Ethereum to xDAI on Gnosis
How To Bet on eSports With Bitcoins?
Convert Bitcoin to xDAI and BNB on a CEX (Centralised Exchange) like Binance, withdraw xDAI to BSC network, then finally bridge DAI on BSC to xDAI on Gnosis. You can now place bets on your favourite eSports online sports event.
Is it safe to place eSports bets online?
It is safe to say that Azuro Protocol makes the bookmaker.XYZ a secure, trustworthy, and legitimate betting site, as compared to what other conventional bookmakers offer their users. Bookmaker.XYZ is not like the native sportsbook that bets against you, when bets are placed, your money is locked into blockchain smart contracts that have predetermined outcomes. Upon winning a bet, the contract permits a bettor to claim their winnings.
Is it legal to place eSports bets with crypto?
Bettors must know that there are no laws guiding the regulation of crypto being used for online sports betting.