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Thursday 27th April 2017
   
How To Place Your Horse Bets Anonymously

Placing bets on the horses can be a thrilling experience. Whether it’s the Grand National, Cheltenham, or a small race at Newmarket, you will feel that sense of exhilaration that comes only from seeing those horses valiantly charging through the starting tape.

The crypto currency Bitcoin is beginning to take over the online gambling world and horse racing isn’t far behind when it comes to adopting this kind of technology. There are a number of sportsbooks that can provide bettors with the chance to place their bets with the elusive Bitcoin in a far more private manner. Here, we’re taking a look at how you can place your bets anonymously by using Bitcoin, and how else the crypto currency can transform your betting experience for the better.

Anonymous Bitcoin

The Bitcoin protocol is one that provides a huge safety net for those looking to bet on the horses in a private environment. One of the most notable benefits of the Bitcoin is the fact it is a decentralised currency – meaning that it is not tied to any one country or financial institution that are able to access the funds. The peer-to-peer network that the Bitcoin runs off can dramatically speed up the process of making transactions, as there is no intermediary (or middle-man) to slow down the process. Anonymity can be exceptionally important to a lot of gamblers, in particular those who are betting a lot of money on the horses. This makes Bitcoin the perfect option for those looking to place an anonymous bet as and when they want to. The crypto currency is able to be tracked throughout its lifetime, but the Bitcoin wallets that the Bitcoins are stored in and transferred to and from are not linked to an identity, therefore offering a discreet and private betting experience for users.

Fair Gaming Environment

Some reports have suggested that bookmakers are not playing fair, and that the odds are firmly in the favour of the online sportsbooks rather than an equal winning/losing chance for the player. It is these kinds of reports and suspicions that are moving people further towards crypto currencies like Bitcoin, which have been known to produce a fair gaming environment. This is generally seen within reputable Bitcoin casinos, as the casinos can provide players with the server seed so that they can check whether or not the game is provably fair, but there are also a number of sources that players can turn to in order to determine whether or not the sportsbook they are looking to use is fair.

Generally, the best way to do this is to turn to review sites. Sites such as Bitcoin Casino Pro provide honest reviews and rankings of Bitcoin sportsbooks across the World Wide Web in order to allow players the opportunity to choose from the most reputable sites to place their wagers. This type of transparency offers the chance to build up trust between the player and the site, and allows players to make the safest decision about where to place their Bitcoins.

How To Use Bitcoin In Horse Racing

The Bitcoin is a very simple crypto currency to use. It works in the same way as any other form of currency that you would normally bet with (whether that’s GDP, USD or EUR), with the only difference being that you’re using a different type of currency – Bitcoin. In addition to this, there are a number of virtual horse racing games that emulate real life races which have quickly made their way onto Bitcoin sportsbooks. All you have to do is sign up to a Bitcoin sportsbook, deposit currency and place your bets.

One of the major benefits of placing bets with Bitcoin is that upon signing up to a sportsbook you are not required to provide any personal documentation or identification. Normal online gambling sites, particularly in the UK, require a copy of a utility bill or other form of document which confirms your identify, as part of their Know Your Customer protocols which are then stored on their online system for when the player wants to make withdrawals. This is not the case with Bitcoin, which means that your identity is protected even more closely than with standard online casino sites. This shows just how anonymous the entire process is when it comes to using Bitcoin as a wager in horse racing. All you need to sign up for Bitcoin sportsbooks is a username and password, although you can also supply an email address to retrieve your login details in case you forget your password.

The different types of horse racing bets that you can place are the same on Bitcoin sportsbooks – i.e. you can place a bet to win, each way, double, treble, other accumulator, forecast, patent, Yankee or any other type of bet that you might normally place when using a traditional online betting site.

With no links back to your identity, whether that’s through the Bitcoin journey itself or through the sportsbook when you sign up, Bitcoin is providing a whole new world of options when it comes to privacy when placing horse bets.