€100 million tournament turnover - record in crypto-betting history
Sportsbet.io has predicted a record turnover of over 20,000 Bitcoin (€100 million) in World Cup bets via its leading Bitcoin-led sportsbook after taking more than 9000 BTC (€46m) at the halfway stage of the tournament.
This year entails the first tournament to allow global customers to bet on football using both cryptocurrency and fiat money on the site across several denominations, including euros.
The sportsbook is offering a wide range of markets to suit every player’s needs, plus the extensive World Cup offering which includes daily bet boosts, outright and casino offers.
Joe McCallum, Director of sportsbook at Sportsbet.io, commented: “This tournament has been way above our expectations both in terms of the nail-biting action and VAR controversy on the pitch and how quickly customers are taking to betting in Bitcoin across the site.
“This is the first crypto betting World Cup, and if the first half of the tournament is anything to go by then we are expecting even more pulse-racing excitement in the weeks to come.”
Brazil, Spain and Germany have dominated the outrights market and are the three best backed nations with crypto punters. So far, approximately 50% of the money has been placed on the joint favourites with Germany in third place with just under 10% of total outright bets.
Pre-live singles bets have shot up in popularity, according to Sportsbet.io traders, with Germany versus Sweden, Brazil versus Switzerland and this week’s controversial VAR Group B decider pitting Iran against Portugal, the three most backed matches in the tournament so far.
Other popular features include Sportsbet.io’s Asian handicap markets and new cash out function. Belgium versus Tunisia saw the biggest World Cup win so far, the lucky bettor seized the opportunity with a handicap bet of -1.5 and came away with a cool win of €178,749.
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