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Gambling and Sports Betting News Wire - June 22 2019

Written by:
C Costigan
Published on:
Jun/22/2019

Here are today's headlines in the world of gambling and sports betting as they happen - Saturday June 22, 2019. BetOnline is giving 5% above market price on your BTC deposits as Bitcoin Blitz continues (for the remainder of this month ONLY)

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Bitcoin Makes it Above $11K

9:30 am ET - In less than a few hours after moving above $10,000, Bitcoin has climbed over the $11, 000 mark.

By Saturday morning the world's largest cryptocurrency has peaked just above $11,200.

While we learned from Americas Cardroom CEO Phil Nagy that the price fluctuations in Bitcoin have little negative impact on volume of movement in fund transfers (ACR customers doubled their Bitcoin usage in 2018 compared to 2017 when the price had reached all time highs, confidence factors will most certainly improve among gamblers who maintained funds in their Bitcoin wallets.  In other words, there is suddenly a significant increase in the amount of money stored and that which can be bet with.

Bitcoin, Bitcoin, Bitcoin!!!!

12:48 am ET - With barely enough time to breathe, Bitcoin shot up over $10K Friday evening and nearly crossed over $11K.

Bitcoin breached $10,000 for the first time in about 15 months around 7 pm ET, recouping more than half of the parabolic increase that introduced mainstream investors to the digital asset before the bursting of the cryptocurrency bubble.

Prior to Midnight Bitcoin had shot to $10901 and was hovering around $10,650 at 1 am ET.

This represented a 34% increase in its price over the past 1 month.

Now for online gamblers, we can't stress enough.  Bitcoin can move in the opposite direction, even if it is for one day.  So, while it is always good to keep some Bitcoin in your wallet, Gambling911.com encourages moving the brunt of your winnings immediately into your bank account.  Keep a percentage for investment purposes, especially in this client.

On that note, BetOnline is giving 5% above market price on your BTC deposits (for the remainder of this month ONLY)

Our Free Picks Record June 18 (We haven't made picks in a few days)

2019 MLB Record: 17-11-2 (60.1%) - No Plays Over -160

2018-19 College Basketball Record: 12-9 (57.1%)

2018-19 NBA Record: 7-5 (58%)

2018 MLB Record: 45-35 (56.2%)

2018 NBA Record: 12-4-1 (75%)

Gambling News June 21

Gambling News June 20

Gambling News June 19

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Gambling News May 31

Gambling News May 30

Business/Financial News

Is It Wise to Start a Bookie Business in the State of Illinois Now That There is Regulation?

Is It Wise to Start a Bookie Business in the State of Illinois Now That There is Regulation?

Local bookmakers in the state of Illinois will survive in the wake of a law passing that permits sports betting even at venues such as Wrigley Field.  It's easy to get started with proprietary Pay Per Head software.

Can I Start an Online Sportsbook From Alabama

You can start your own sportsbook from Alabama.  The US Supreme Court ruled to overturn decades long prohibition this past May. 

Finding an Easy to Navigate Agent Menu for Bookmaking, Sports Betting

Finding a Pay Per Head is easy.  Simply Google the term and a bunch of searches will pop up.  But many of today's most savvy bookmakers and agents will explore much deeper in an effort to find easy to navigate platforms and those that produce extensive reporting. 

The New Trending Crypto | Litecoin

The New Trending Crypto | Litecoin

Cryptocurrency is without doubt the hottest form of currency when it comes to paying for and receiving payouts from online sportsbooks. The beauty of cryptocurrency is the ease of use for both the sender and the receiver.

Ladbrokes Owner's Turkish Dealings Could Block US Entry

Ladbrokes Owner's Turkish Dealings Could Block US Entry

William Hill and Paddy Power continue to carve their way through the US regulated sports betting landscape.  Rival Ladbrokes would love to, but those hopes may now be dashed.

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