Even seasoned crypto bettors must know about the top 5 reasons for sports betting with Monero in 2023. So you better listen up. We have asked some of the most experienced specialists in the sector to give their opinion on why you should stick to XMR as your betting coin in the upcoming year. Without further ado, look below to examine the top 5 reasons for sports betting with Monero in 2023.
5. XMR is Easy to Convert to Cash
We all love crypto, but you cannot pay your rent or get groceries for it unless you're living in a very progressive state. For the majority of the world, it is not the reality yet. And while the crypto community keeps developing to one day arrive at that destination, expenses need covering now. That's why you should always look for a convenient cryptocurrency that is easy to convert to cash or vice versa. Monero's XMR is one of the longest-active cryptos on the planet, so you can count on many exchanges to help you swap it. There's everything from decentralized to DEX & P2P traders out there. This same notion makes it one of the top 5 reasons for sports betting with Monero in 2023. You'll want to cash your big sports wins easily, so you better find a coin that others love as well!
4. Monero Sportsbooks Offer Better Odds
One of the top reasonings almost every industry expert had was the value of the odds offered by leading crypto sportsbooks. Don't get us wrong, there are still some big FIAT-based bookmakers that offer very competitive odds, but as far as average value goes, you'll get more of it by playing in a Monero sportsbook. XMR sportsbooks offering better odds for your top leagues like F1, UFC, NBA, ATP, NFL, MLB, NHL, WTA, NCAA, UCL, Serie A, and other prestigious associations makes it one of the top 5 reasons for sports betting with Monero in 2023. We have listed all of the most reputable bookmakers in the space in the top 10, and you can find the #1 ranked site directly by clicking on the banner next to this list.
3. Monero Sports Betting is Anonymous
Privacy is important, and you must do everything in your power to protect it. Thanks to the best Monero sportsbooks following in Satoshi's footsteps of anonymity, you get to avoid days-long verifications. There's nothing more gruesome than sending your documents to an online site, just to have them sell it to the highest bidder. That's where crypto betting sites come to the party. You won't have to verify your account as a recreational player by playing with the top bookies. While they reserve the right to request verification, it is not a concern for players that do not try to swindle the limits or hustle in any other way. As long as you're looking to just raise the levels of fun spectating your favorite sports teams, you should opt for a Monero sports betting site that offers anonymous profiles. Our top 10 is a good place to start to find one!
2. Gigantic Deposit Bonuses
2023 is the year of value. Crypto sportsbooks are ramping up their welcome gifts to attract more players, and that extra bonus significance makes it into our top 5 reasons for sports betting with Monero in 2023. You can receive a gigantic deposit bonus by playing with our #1 recommended bookmaker. All you gotta do is click on the banner and sign-up!
1. Monero XMR's Low Hard Cap Makes It Favorable for Price Appreciation
You must have heard the basic principle of "supply and demand" which governs the market price of any cryptocurrency. For example, if a coin has a very low hard cap, and more people want to buy it, it will naturally inflate the price due to demand. At the same time, if more people try to sell than buy, the price will tank. As far as the general coin cap goes, Monero's XMR has one of the lowest on the blockchain, which is set at 18.4 million coins. And it's already fully mined, but don't worry, miners still have incentives to move new transactions due to something called "tail emissions" which still reward 0.6 XMR per block for an eternity to come. That rate is so low though, it should not affect the price negatively, as long as Monero's popularity keeps trending upwards. So it makes it a perfect crypto to use for your sports betting action! Start winning XMR now so that when it reaches a new all-time high, you'll profit alongside it! Now that we've wrapped up our top 5 reasons for sports betting with Monero in 2023, your next move should be picking a bookie through our top!