Endorsed by Gambling911

Online Sports Betting Site SportsBettingOnline.com Adds Bitcoin

Written by:

Aaron Goldstein

Published on:

Jul/30/2013

Online Sports Betting Site SportsBettingOnline.com Adds Bitcoin

Gambling911.com sponsor SportsBettingOnline.com has become one of the first established online sportsbooks to incorporate Bitcoin.

More importantly perhaps, SportsBettingOnline.com is the first online sportsbook to begin accepting Bitcoin that also offers other more traditional funding methods.

SportsBettingOnline.com, which rewards its customers with 10 percent back on both weekly losses and wins, is operated by individuals who were among the very first to enter the offshore sports betting craze back in the mid-90’s. They offer sports wagering on all professional leagues, college football, college basketball, international football (soccer), and more. They also offer horse racing and have their own online casino.

Those wishing to deposit via Bitcoin may do so with as little as $20. A $2000 maximum deposit is permitted daily.

“This is a sure sign that Bitcoin is beginning to gain acceptance within the online gambling sector,” notes Payton O’Brien, who heads up the Gambling911.com website.

- Aaron Goldstein, Gambling911.com

Gambling News

60 Minutes Dives Into MGM, Caesars Ransom Attack of Last Year

A surprisingly young cohort of hackers paralyzed some of Las Vegas’ biggest hotels and casinos last fall, demanding an exorbitant ransom. The FBI and cybersecurity researchers call them “Scattered Spider." Bill Whitaker reported on the story for 60 Minutes Sunday.

'Stop the Sports Betting Tax Hike in Illinois' FanDuel Demands, Other Operators Question Motives

"You’re the ones who gave IL license to ask for more taxes," another operator claims.

Unibet Employees Left in Dark About Sportsbook's Impending Closure: Virginia Shuttered

Customers must pull their funds by May 13. Virginia, who knows? The site there closed on April 11 we were told on April 12. PA customers have a little longer time to work with as they were just informed of a June 21 closure.

Kids Left Alone in Car for Four Hours at Casino Found Playing in the Street

The children were left with a cell phone with a dead battery.

Does the IRS Report How Much I Won at DraftKings?

If you won over a certain amount of money betting at DraftKings, the online sportsbook is obligated to report your winnings to the IRS. DraftKings and other regulated sportsbooks typically require you to provide your social security number during the registration process.