Nevada Making Incessant Profits through Sportsbooks

Nevada has broken the entire records of until date. In November, the sportsbook made a record of $557 million in bets, which is the highest of all. The bookmakers were reported to make a win of almost around $42.778 million with the win percentage of 7.7. These winnings have been recorded as the sixth highest monthly win and have left everyone in great surprise.

 

Brief History of Nevada’s records

Nevada has always shown great progress over the years. In 2012, the state made a record with $447.6 million sports wagers, which was further broken in November 2013. In 2013, the state had broken the previous record by setting the new one with $490.3 million in bets. Finally, all the records were set aside in the year 2014 when it made $535 million in bets. This entire history of Nevada’s records has now taken a new turn with the latest record in Last November.

Wagering on various games

Out of all the millions of bets, around 71 percent of it was wagered on football. A total of $395 million bets were made on National Football League in the month of November. This further provided a win of more than $29 million to Silver State sportsbook and altogether brought in $83.9 million. In addition to this, $400.7 million bet was made on pigskin in November. The news revealed that the number could have been much better and bigger.

With this, the Nevada Sportsbook also made $8.172 million wins on basketball. In the month of November, $112,252,747 million bets were made on hoops last month. However, in the month of October, the total brought in was $16 million by wagering, which in turn made a win of $1.6 million. Besides, football and basketball, players wagered on various other games also including tennis, soccer, hockey, racing, MMA and various others. These all sports made a total of $640,000 for the bookmakers of Nevada. As far as Parlay is concerned, it actually made a profit of $5.113 million and turned into a great progress for the bookmakers.

The bottom line

After analyzing the entire profits and wagering of Nevada bookmakers, all the casinos made a total profit of $944,265,845 in the past November 2015. This clearly signifies the increase of at least 7.76 percent from the earlier amount of $876,244,082, the total gaming win that casinos made in November 2014. Over the years and months, the casinos of Nevada have shown a significant rise in the amount of profits and the digits are increasing with every passing month. Therefore, this also shows the increasing interest of more and more players across the state, as more number of players is turning into more profits for the casinos.

It is sure that Nevada bookmakers will beat the present record by earning much more profits in the coming more years and months. The millions of fans are all set to make even more bets and earn more millions of dollars in the year 2016.

The Emerging Importance and Benefits of Bitcoin

Bitcoin has emerged into the picture in these recent years through sports betting and online gambling. Almost all the online sports betting sites and casinos have started using Bitcoin as their major payment mode, as it is very reasonable. Yes, other traditional services require higher fees during processing and take much longer time in being cleared. This article talks about the traditional payment methods and benefits of Bitcoin over them.

Bitcoin

 

About traditional payment options

Most of the people prefer making payment through their credit cards, PayPal and bank transfers, which they consider the most secured. However, even these options are bound by the rules of location taxation and other banking regulations. With every fee per card transaction, it is obvious that you would not like to pay up to 3.5% on both the withdrawals and deposits. In addition to this, traditional payment options are subjected to higher costs also. In fact, these payment modes take several days in being processed.

When you make a payment through bank transfer, it takes almost around 2-3 days to be processed. Nobody wants to wait for this much time when it comes to receiving the payments. Understanding the needs of today, PayPal has unified all the payment methods into one but still poses lot many hassles. With PayPal, you will have to face higher chargeback rates. In fact, it has reported a problem of freezing the accounts of the people for some particular transactions. The transactions that PayPal thinks are suspicious are not processed.

Benefits of Bitcoin over other payment options

The foremost benefit of Bitcoin is that the digital currency payments in this are subject to a much lower fee. In addition to this, unlike other payment options, the transactions in Bitcoin are processed and completed in just few seconds. This factor makes Bitcoin much more favorable when compared with various other bank transfers. The best part is that with Bitcoin transactions, there are no chargebacks, which makes it much better than the transactions done with credit cards. Due to all these benefits, Bitcoin payments have become very popular among the players and many gambling websites are offering the option of this payment mode.

Bitcoin on online sports betting sites

Online sports betting have become very popular in this era and all these sites have started using the option of Bitcoin. Depending upon the country or state in which the gambling business is operating, the site is bound to follow the rules and the regulations of that location. According to the legal framework, these sites have stared accepted the payments through Bitcoin. However, not all sites accept this payment mode but the number is surely going to increase in the future.

Therefore, it is clear that Bitcoin is the most secured mode of payment. As a player, you must hook only to the gambling site that uses Bitcoin. With it, you will not only save time in waiting for the payments to be processed but will also save your money on every transaction.