An interest in blockchain technology has become inevitable in the gambling world. Most online gambling sites use cryptocurrencies to ensure safe payments and flexible operations. Blockchain happens to be immune to hacking attempts. Moreover, there is guaranteed transparency in gaming and betting activities at https://cover.gg/.
Many gamblers are not aware of the full potential of blockchain. The use of cryptocurrencies works as a differentiator selling aspect for many gambling sites that aim to broaden their reach to new customers. According to the sportsbooks, the top cryptos in gambling include Bitcoin, Ethereum, Solana, Dash, Ripple, and Shiba. Of course, the list can be prolonged as new cryptocurrencies enter the market every day.
Bet Sum and Bet Count between Devices
The recent research from YouGov revealed that 75% of the respondents isn’t familiar with crypto. So, you can use this opportunity to win your players’ trust and offer unique quality content.
Over the last decade, the use of mobile phones in online gambling has increased. Consequently, the number of bets placed has increased as well. In 2021, 70% of bettors use mobile devices, while only 30% continue preferring desktop computers. This trend can be explained by the convenience and flexibility of mobile user experience. Bettors don’t have to stick to the same place. Instead, they can play video games and place bets at any time of the day and night.
Virtual currencies are considered to be totally decentralized. Being independent of governments, banks, and devices, they give you full control over personal finances. They can’t be blocked by third parties. In addition, playing at the best crypto casino allows you to process your funds between wallets and crypto platforms.
The mobile phone allows bettors to stay up to date regardless of their location and lifestyle. This is reflected in the official statistical data. The future of gambling is behind mobile devices.
Top Cryptos by GGR Share
One of the main KPIs in the online gambling industry is GGR. This nuance indicates the amount remaining in the online casino as a result of efficient gameplay. It is calculated as total bets less total wins.
The US dollar remains the major currency used by bettors. No wonder that it covers more than 60% of all sports betting GGR. The euro takes a second place with almost 30%. Axie Infinity is currently dominating online gambling. But the trends in the given industry are constantly changing. So, it won’t be weird to see a new crypto leader in a matter of several months. This is how things work here.
Bet Sum and Bet Count between Men and Women
Online gambling is a universal form of entertainment that can be enjoyed by everyone. However, the research studies have identified certain inequalities. Men are betting more often than women: 73% to 27%. In addition, men tend to spend more money by placing an average bet of $50. Women are considered to be more reasonable in their expenses. An average bet placed by females is estimated at $25.
Generally, crypto gambling has become a breath of fresh air for the gambling industry. Men are more eager to use digital coins. Women still have doubts about the reliability of cryptocurrencies.
Some online casinos allow players to gamble with Bitcoin, while others just accept crypto as a way to place a deposit and make a withdrawal. One thing is clear – crypto gambling sites made online casino experiences even more flexible and convenient. It will take over the world of gambling in a matter of time.