Reasons why everyone is using Bitcoin to bet on Arsenal

A brand new season of Premier League football is underway and Arsenal fans look forward to a successful run and, perhaps, their first Premier League title since 2004.

The Gunners are off to a fast start with a pair of wins to open the season. Bookmakers had Arsenal listed at 6/5 for their 1-0 season-opening win in Newcastle.

Those who took Arsenal as a heavy favorite in their second match versus Burnley must have breathed a sigh of relief when Pierre-Emerick Aubameyang potted the eventual game-winning goal at the 64-minute mark.

Unai Emery has done a good job of steering Arsenal in the right direction since the wildly successful Arsène Wenger era abruptly ended in mediocrity.

Still, the Gunners have their work cut out for them if they are to recapture Premier League championship glory. It certainly helps to have a top-flight goal scorer like Aubameyang in the lineup. If guys like Alexandre Lacazette and the young Dani Ceballos bring their best efforts, this squad will continue to rack up wins and earn punters a lot of cash.

Along with Manchester United, bookmakers currently have Arsenal listed at around 33/1 to capture the title. Manchester City is the overwhelming favorite at 1/2 with Liverpool not far behind at 5/2.

Bitcoin bettors are seeing a lot of value with Arsenal and are putting their money where their mouths are. For those who didn’t know, the list of online bookmakers and online casinos that accept Bitcoin is steadily growing.

The great thing about betting with Bitcoin is the variety of ways Arsenal fans can get their action. Sure, they can bet on individual games or bet on Arsenal to win the championship.

However, they have plenty of other wagering options too. Punters can get even odds on the Gunners finishing in the top four. Those who are looking for a more favorable proposition with a lower payout can always put their faith in Arsenal finishing in the top 10. The Gunners have been a top 10 Premier League team every year since 1995 when they finished in 12th place.

There is an abundance of futures bets that punters can place on their favorite players. With so much expectation on Pierre-Emerick Aubameyang, Arsenal fans might want to consider a Bitcoin bet on him to outscore Harry Kane this season.

It’s an appealing offer at 7/5. Additionally, punters are also presented with several betting options within individual Arsenal matches. Wager on spreads, match totals, team totals, or winning margins. Punters can even be on 1st half money lines, totals, team totals, and spreads. Bet on penalties, corners, or whether a red card will be handed out.

There are so many ways to bet on Arsenal games that it’s hard to keep track. Add in the fact that a fast-growing number of online sportsbooks accept Bitcoin, and it’s easy to see why it seems like everyone’s using Bitcoin to bet on Arsenal games.

Aside from the convenience and anonymity Bitcoin users enjoy, many Bitcoin bookmakers instantly process Bitcoin withdrawals, which means you get paid within minutes of making your withdrawal request. This is a luxury that most other payment methods don’t offer.

The high level of competition in the online sports betting industry is great news for those who want to use Bitcoin to bet on Arsenal. Most sportsbooks offer excellent deposit bonuses, and many of those are specifically aimed at Bitcoin users. One of the best Bitcoin sports betting bonuses is the 100% match bonus up to 5 BTC at Cloudbet.

Punters can use their bonus Bitcoin to bet on any Arsenal game. Billed as the best Bitcoin sportsbook, Cloudbet serves up dozens of Arsenal wagering opportunities ranging from sides and totals to first half and second half props.

Then there are the plethora of live betting options that are offered while the games are still in progress. Bitcoin bettors can get into the action on their desktops or mobile devices.

Arsenal fans have loads of reasons to get excited about the 2019-20 Premier League season and having some Bitcoin at stake raises the excitement to a higher level. The fun has just begun and punters have plenty of time to get their Bitcoin and use it to bet on Arsenal games.

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Characteristics of Bitcoin

I get this question very often, what are characteristics of bitcoin? In this post I am going to answer that question, let us dive in.

Bitcoin has several important features that set it apart from government-backed currencies.

*It´s decentralized

The bitcoin network isn’t controlled by one central authority. Every machine that mines bitcoin and processes transactions make up a part of the network and the machines work together.

That means that, in theory, one central authority can’t tinker with monetary policy and cause a meltdown – or simply decide to take people’s bitcoins away from them, as the Central European Bank decided to do in Cyprus in early 2013. And if some part of the network goes offline for some reason, the money keeps on flowing. Conventional banks make you jump through hoops simply to open a bank account.

Setting up merchant accounts for payment is another Kafkaesque task, beset by bureaucracy. However, you can set up a bitcoin address in seconds, no questions asked, and with no fees payable. Well, kind of. Users can hold multiple bitcoin addresses, and they aren’t linked to names, addresses, or other personally identifying information. However…

*It´s Completely Transparent

…bitcoin stores details of every single transaction that ever happened in the network in a huge version of a general ledger, called the blockchain. The blockchain tells all. If you have a publicly used bitcoin address, anyone can tell how many bitcoins are stored at that address.

They just don’t know that it’s yours. There are measures that people can take to make their activities more opaque on the bitcoin network, though, such as not using the same bitcoin addresses consistently, and not transferring lots of bitcoin to a single address.

*Transaction Fees Are Minuscule

Your bank may charge you a £10 fee for international transfers. Bitcoin doesn’t.

*It´s Fast

You can send money anywhere and it will arrive minutes later, as soon as the bitcoin network processes the payment.

That is it, those are characteristics of bitcoin, if there are more characteristics you can leave them in the comment section below.

What is Bitcoin?

Bitcoin is a form of digital currency, created and held electronically. No one controls it. Bitcoins aren’t printed, like dollars or euros – they’re produced by people, and increasingly businesses, running computers all around the world (Bitcoin Mining), using software that solves mathematical problems.

What is Bitcoin?

It’s the first example of a growing category of money known as a cryptocurrency. Bitcoin can be used to buy things electronically. In that sense, it’s like conventional dollars, euros, or yen, which are also traded digitally.

However, bitcoin’s most important characteristic and the thing that makes it different from conventional money is that it is decentralized. No single institution controls the bitcoin network.

This puts some people at ease because it means that a large bank can’t control their money. This currency isn’t physically printed in the shadows by a central bank, unaccountable to the population, and making its own rules.

Those banks can simply produce more money to cover the national debt, thus devaluing their currency. Instead, bitcoin is created digitally, by a community of people that anyone can join. Bitcoins are ‘mined’, using computing power in a distributed network.

This network also processes transactions made with the virtual currency, effectively making bitcoin its own payment network.