Tennis betting has become incredibly popular in the last few years. And, this makes sense considering the sport has fans from all over the globe. Then there are year-round tournaments. This means that fans and bettors can always follow the action.
It also helps that there are plenty of betting choices for bettors. The two main options? They are crypto tennis betting online vs traditional tennis betting.
With traditional betting, bettors use traditional currencies. These are dollars, euros, pounds, etc. With crypto betting, bettors use cryptocurrencies. This includes USDT, Bitcoin, and more.
Of course, there are a few more differences than the one mentioned here. So, let’s get into it in this post below:
Understanding Traditional Tennis Betting
Traditional tennis betting has been around for a while. So, you may know a little bit about it. Still, let’s get into it.
For many years, this kind of betting took place at brick-and-mortar bookmakers. As technology evolved, though, these bookmakers headed online. This gave birth to online sportsbooks.
These digital sportsbooks are available on dedicated sites or online casinos. Bettors tend to prefer online casinos as they have several sportsbook exchanges.
The process here is pretty simple:
- Bettors have a match they want to bet on
- They head to a sports betting platform, sometimes an online casino
- Bettors create an account and place a deposit
- Bettors find their match and make their bet
- Winnings (if there are any) are deposited into the account
This about wraps things up for traditional betting for tennis.
What Is Crypto Tennis Betting Online?
Crypto betting is tennis betting using digital currency. Due to this, this kind of betting can only take place online, through casinos or betting platforms.
Yolo247 is one such crypto betting platform option. We support USDT, allowing bettors to place bets using this stablecoin. We do this so that our bettors can guarantee their winnings.
Wondering how crypto betting actually works? Well, here’s a quick breakdown:
Some of the process is just like regular sports betting. A bettor will visit a sports betting site and create an account. This is where things will be a little different:
- Choose your cryptocurrency
- Get a deposit address
- Send funds to the deposit address
- Get the blockchain confirmation
- Select your tennis match
- Place your bet
- Any winnings will be deposited into your account
- Enjoy instant withdrawal
Crypto Tennis Betting Online vs Traditional Tennis Betting: Key Differences
These two types of betting are poles apart. Let’s get into the top differences:
Crypto Tennis Betting Online vs Traditional Tennis Betting: Payment and Withdrawals
Here is one of the biggest distinctions!
See, with traditional tennis betting, you have to go through a third party. This is because deposits have to be made with credit cards, debit cards, or bank accounts. And withdrawals are usually done with bank transfers.
The problem is that banks can take a long time to process your request. In fact, it is quite normal for your transaction to take a few days!
These aren’t problems with crypto betting. This is because there isn’t any third party. The transactions take place on a decentralized network.
It’s why Yolo247 can offer our bettors instant withdrawal!
Crypto Tennis Betting Online vs Traditional Tennis Betting: Security and Transparency
Then there is the case of security! Traditional betting sites use centralized servers. This makes them a lot easier to hack.
Crypto betting platforms, though, work off a decentralized network. Since your information is spread across many different servers, hacking is very difficult.
Crypto transactions also have the benefit of cryptography. Bettors basically sign their transactions with a private key. As a result, they are the only ones who can permit the transfers.
Crypto Tennis Betting Online vs Traditional Tennis Betting: Global Reach
With traditional tennis betting, you are limited in the platforms you can use. These sites typically only support a few traditional currencies. So, you have to convert your local currency into the one that the site uses.
Even then, though, you may not be able to use the site. This is because these usually only work with certain cards or banks.
With crypto tennis betting, you don’t have to worry about any of this. Crypto doesn’t have to be converted. And, there’s no need to go through a third party like a bank. This means that you can choose the platform that you really want.
Crypto Tennis Betting Online vs Traditional Tennis Betting: Fees and Charges
You’re charged money whenever you top up your account or withdraw your winnings. The amount can vary a great deal, though!
When you use traditional methods like cards or bank transfers, the price can be hefty. This means you have less money to bet with. And, a chunk of your winnings gets taken out.
The cost is a lot lower with crypto transfers, though. This means that you get to enjoy money for betting and winning!
Crypto Tennis Betting Online vs Traditional Tennis Betting: Bonuses
Betting platforms want to draw in bettors, which is why they usually have bonuses and promos. With traditional platforms, these are pretty standard. So you might get some extra cash to bet with.
Crypto platforms like Yolo247, though, go all out. For instance, we offer you:
- Welcome bonus
- Refill bonus
- Cashback bonus
And let’s not forget about the tournament-related promos! You can find tennis matches all year round. This means that there is always a promo waiting for you.
Crypto Tennis Betting Online vs Traditional Tennis Betting: Pros and Cons
Let’s break down the pros and cons of each type of betting
Traditional Tennis Betting
Pros:
- Simple process that everyone knows
- A larger number of platforms to choose from
- Many of the platforms are certified and licensed
Cons:
- Lengthy withdrawal process
- Expensive transfers
- Lacks security and privacy
Crypto Tennis Betting
Pros:
- Secure transfer process
- Low fees
- Dedicated bonuses
- Global access to betting platforms
Cons:
- Need to be tech-savvy
- Fewer licensed platforms
Why More Bettors Are Switching to Crypto Tennis Betting
An increasing number of bettors are moving over to crypto betting. And, when you look at these factors, it isn’t hard to see why:
- Decentralization: bettors have total control over the transaction process
- Privacy: better data protection and fewer client details needed
- Better odds: crypto platforms have lower overhead, resulting in higher odds for bettors
- Great bonuses: crypto-first bonuses for more betting time.
Yolo247: Bridging the Gap Between Innovation and Trust
We are leading the crypto betting game at Yolo247.
For one thing, we support USTD, a stablecoin. This is so that you don’t have to worry about your winnings suddenly losing value.
Also, we offer you licensed, high-quality betting exchanges. You get access to a greater number of sports and matches. Not to mention, there are even more bet options to choose from.
We are also a mobile-friendly platform. You can easily place bets from your phone and even withdraw your winnings.
Want to take things to the next level? Download our app for even easier access to your favorite matches.
We are big believers in responsible gambling, which is why we have all the support you need. We offer resources to help you with addiction. We even have a self-exclusionary process to help you take a break from gambling.
Conclusion
This concludes traditional vs crypto tennis betting. As you have seen for yourself, crypto betting comes out on top. It is faster, safer, and has more betting options. Not to mention, you can access your favorite site from almost anywhere in the world.
And, Yolo247 is the betting platform that you need to check out for placing bets. Our extensive selection of matches, bonuses, and easy sign-up process is just what you need!