It seems that every time we check the banking options at our favorite online sportsbooks, a new cryptocurrency or two has been added to the roster. In recent months, two new methods of depositing and withdrawing with altcoins have been introduced – Bitcoin Lightning and TRUMP Meme. Are these altcoins worthwhile? Today, we have a … Read more
Last week, the Illinois Gaming Board announced it intends to ban credit card deposits at the state’s domestic online sportsbooks. The change is intended to force gamblers to use their own funds, rather than those secured via credit or loan. The ban is also expected to cause a decrease in sports betting revenue. The regulation … Read more
By now, anyone with an internet connection has heard of Bitcoin and other popular altcoins like Ethereum, Bitcoin Cash, Litecoin, Dogecoin, and others. However, some people still need to learn that you can bet on sports with Bitcoin and other cryptocurrencies when you sign up with one of the many online sports betting sites you will … Read more
For anyone following the cryptocurrency market over the past few months, it is no secret that values for altcoins are sinking across the board. On October 7, 2021, the value of Bitcoin (BTC) was just under $55,000 per coin. Today, BTC is trading at just over $19,600. Prop bets are posted at the sites included … Read more
The Internal Revenue Service is currently stepping up efforts to collect cryptocurrency transaction records, believing that nearly $30 billion in tax revenue will result from the investigation. Customers that have used the popular tax filing software like TurboTax in the past have probably seen the following question on their last few returns: “At any time … Read more
Online sports betting – and to an even greater degree, online casino gambling – are big businesses. But they’re also disruptive. For example, in the US, there are fewer than 30 states with legal online sports betting despite it being over four years since PASPA was overturned. Even fewer states – less than 10 – … Read more
Now that the 2022 NFL campaign is finally underway, there’s a good chance you’re betting on it. There’s also a good chance that it’s your first time betting on sports. More new gamblers seem to lace ‘em up during NFL season than during any other time of the year. At least, that’s true in the … Read more
The best coins for online sports betting banking rotate with the market. But for all intents and purposes, there’s really only ever a handful of options that meet all the primary use cases for crypto betting in general. We covered those here, and the TL;DR is this: Bitcoin, Ethereum, and third-gen proof-of-stake coins like Avalanche, … Read more
As Bitcoin falls below $20,000 – which, for some reason, is the exact arbitrary threshold under which everyone freaks the f*** out – there’s been a lot of discussion about the whys and wherefores. Some crypto blogs blame stonks, other blogs blame Russia and/or Ukraine. Still others blame this anonymous whale unleashing 10,000 heretofore dormant … Read more
With online sports betting growing more accepted and supported at the state level lo these many years, legal offshore sportsbooks have always enjoyed several major advantages. Chief among these have two equally valuable perks: These are nationwide sportsbooks. That is, there’s no geofencing, which allows wagers to come in from everywhere. This guarantees that the … Read more
Here at SBL, we routinely (incessantly?) advocate gambling with cryptocurrency above all other betting banking methods. The benefits of betting with crypto are well documented: fast deposits, better bonuses, same-day payouts, post facto investments, etc. You get the idea. But that doesn’t mean you should bet with any old crypto. In fact, regardless of the … Read more
One of the difficulties in getting people to embrace cryptocurrency for legal online sports betting is that most people don’t understand how crypto works. This is often an impassable roadblock to crypto adoption in general, and over the last few years, it’s kept a lot of people from striking it rich and retiring at 40. … Read more