Bitcoin
Utilizing Bitcoin Gambling Strategies and Systems for Profitability
Bitcoin gambling is quickly becoming more popular than traditional online gambling. Faster transaction speeds, anonymity and better transparency are some of the reasons why new players prefer gambling with Bitcoin and why veteran gamblers are gradually migrating to crypto casinos.
Despite all the risks associated with it, gambling is fun and entertaining, which is how the majority of players see it. For the rest, though, gambling is all about making a profit.
In case you happen to be one of the latter and are looking for a way to earn money from gambling, you should know that having a gambling strategy or a system in place is essential, especially if you gamble frequently.
The good news? We’ve got just that for you.
To help you get started, we’ve prepared some of the most popular strategies used by experienced casino players. We will show you their pros and cons, help you pick a strategy that suits you the most, and even give you a few tips on how to manage your bankroll and gamble responsibly.
Understanding Bitcoin Gambling Strategies and Systems
Bitcoin gambling strategies are designed to maximize players’ chances of winning in various games of chance and are most often used when betting on sports or playing casino games.
Unlike some strategies that are based entirely on luck and won’t get you far in life, skill-based strategies utilize risk management principles, probability, statistical analysis, and many other models and principles that make them much more reliable than luck-based strategies.
However, before you get ahead of yourself, make sure to remember that no gambling strategy is foolproof. Even though skill-based strategies are backed up by math and probability, luck still plays a major role in casino games, and you should prepare yourself for both wins and losses.
While a good tried and tested gambling strategy may help you make a profit and minimize your losses, gambling is inherently unpredictable, and no strategy will help you win all the time, so be wary of systems that promise you riches.
Despite that, no strategy is the same and some strategies are used more often than seasoned punters and gamblers simply for performing better than the rest.
Popular Bitcoin Gambling Strategies
Believe it or not, there are dozens of betting strategies you can use for playing in a casino or sports betting. However, before you decide on which strategy you should use, there are several different aspects you should consider.
First things first, you should know that most strategies are designed for specific games. For example, the Martingale strategy is most often used in roulette or blackjack, while strategies like value betting are popular among sports bettors and poker players.
Granted, while you may use any strategy however you see fit, chances are the strategy won’t be as effective.
Similarly, you should keep in mind that some strategies are better suited for smaller budgets while others require you to have a hefty bankroll in order to make the most of the strategy and push through a series of unfortunate bad beats.
With that in mind, here are some of the most popular strategies often used by gamblers.
D’Alembert Strategy
D’Alembert strategy is ideal for even money wagers. Because of that, D’Alembert’s strategy is most often used at the roulette table.
The idea behind D’Alembert’s strategy is that red should come up around the same number of times as black during a roulette session, so you should either finish the run dead even or make a profit. In theory, at least.
To use D’Alembert’s strategy, and many other betting strategies, the first thing you should do is determine your base unit size. The unit size depends entirely on your budget, and it can be $1, $5, $50, or any other amount. It can also be a percentage of your entire bankroll.
Once you have your unit size, the next step is to simply begin a cycle and stake one unit when placing a bet.
In case you made a losing wager, you should increase your next bet by another unit. For example, if your unit size is $5, you should bet $10 the next time. If you lose again, you should add another unit size to your previous bet, meaning your next bet should be $15.
If you win, you should decrease your current wager by one unit size. If your previous wager was $15, the next time you bet you should stake $10.
That’s it—that’s all there is to D’Alembert’s betting strategy.
Paroli Strategy
Paroli betting system is most often used in roulette and blackjack. The idea behind this system is that wins and losses should, technically, come in streaks, and the goal of Paroli’s betting strategy is to land three consecutive wins in a row, all whilst doubling the wager whenever you land a win.
As is the case with D’Alembert’s strategy, you should begin the cycle by betting a single unit on an even money outcome, such as black or red at the roulette table.
In case you make a losing wager, simply make another bet and stake a single unit.
If case your first wager is a winning one, you should double your current wager, meaning you should bet two units.
If your second wager is a losing one, you should revert to betting a single unit. However, in case you land a winning wager, you should double your current wager once more, meaning you should bet four units.
After your third wager, you should reset the progress and begin a new cycle by betting a single unit, regardless of whether you won or lost the previous bet.
Martingale Strategy
The Martingale system is another even money betting strategy, making it ideal for roulette betting.
The idea behind this strategy is to double your initial wager each time you lose a bet. By continuously doubling your initial bet, you should recover any previous losses once you land a winning bet, and also make a small profit.
To use Martingale’s strategy, you should start your cycle by betting a single unit on either red or black.
In case you lose your wager, double your bet. For example, if you bet $1 and lost, you should bet $2 next. In case you lose again, bet $4, then $8, then $16, and so forth. You should keep doubling your wager whenever you lose a bet.
Once you land a winning bet, reset the cycle and bet a single unit once again, which would be $1 in this example.
Assessing the Pros and Cons of Bitcoin Gambling Strategies
As we mentioned earlier, no betting strategy is foolproof, and even though these strategies make perfect sense in theory, the reality may be much more different.
For example, the Paroli system has minimal risk to it, since you’re increasing bet size with every win and the money you win from betting, rather than dipping into your own bankroll. It can also net you maximum profits if you manage to land three consecutive wins.
Unfortunately, that is not always the case, and you may lose a lot of money trying to land three consecutive wins and decide to call it quits.
On the other hand, Martingale is easy to learn and even easier to apply. It can help you recover from early losses, but at the same time, it is also significantly riskier than the Paroli system. Not only that, but it can quickly deplete your bankroll with just a few bad beats.
When it comes to D’Alembert’s strategy, this system is fairly balanced—it is a tad riskier than Paroli’s strategy but not as aggressive as Martingale’s system.
However, the D’Alembert system doesn’t improve your odds at the table, meaning you will be facing the same house edge as usual, and you might struggle to make a profit in the long run.
Each of these strategies has its own pros and cons, and which one you should use depends on your bankroll and your play style.
The good news is that there are plenty of other strategies out there, and if you would like to explore your options, some of the most popular ones include strategies like the Andrucci system, Fibonacci’s strategy, value betting, Oscar’s Grind, and Labouchere’s system.
Developing a Personalized Bitcoin Gambling Strategy
Once you have a good understanding of some of the most popular and effective gambling strategies, it will become significantly easier to pick a gambling strategy that suits your bankroll and play style the most.
Of course, you don’t have to stick to a single strategy. If a particular system is not working out for you, you can evaluate your previous records and select a new strategy that might be a better fit.
Similarly, you can also find inspiration from one or even a few strategies we included and develop a personalized strategy that caters to your needs.
To do that, the first step is to identify your personal goals. After that, you should take personal preference, bankroll, play style, and risk tolerance into consideration and develop a strategy that is unique to you and quite possibly even more effective than the strategies we provided.
Tips for Implementing Bitcoin Gambling Strategies
Apart from the strategies we mentioned, there are several other aspects you should master that will help you make a profit in the long run, one of which is bankroll management.
So, what is bankroll management exactly, and how does it work? More importantly, why is it important for gambling?
Bankroll refers to all the money you set aside for gambling, and it can be a weekly or a monthly amount. Many of the strategies require you to bet flat unit sizes or small percentages of your entire bankroll—the amount you should wager per bet depends on how aggressive your playing style is, and your budget.
As far as bankroll management goes, think of it as a long-term strategy designed to help you minimize your losses, resulting in an overall profit. Simply put, it is how you manage the money you use for gambling.
In addition to bankroll management, you should carefully select the game you want to play at a casino—pick a game with favorable odds and a low house edge.
Of course, make sure to understand the rules inside and out, so that you can make the most of any strategy you decide to use.
Lastly, make sure that you are gambling responsibly. Even though leading online operators regularly advocate for responsible gambling, a good chunk of that responsibility falls onto players as well.
In other words, bankroll management is only as good as your discipline. Strategy or not, bad streaks happen to everyone, so you should try your best to always stay levelheaded. Instead of betting with emotion, make sure that every bet you make is practical and well-calculated.
The Wrap Up
Gambling strategies are a must-have for anyone serious about gambling and any players who plan to make a profit from gambling.
While we have mentioned only a handful of strategies in our guide, you should remember that you are not limited to a single strategy. Instead of sticking to one strategy, you can always mix things up a little and find a strategy that works the best for you, your playstyle, and your bankroll.
The most important thing is to make sure you always stick to your budget. Gambling is inherently risky and everybody loses, even seasoned gamblers. No matter how effective your strategy is, you are always at risk of suffering a bad streak and losing money.
Therefore, it is extremely important that you gamble responsibly—bet only with the money you can afford to lose, don’t chase your losses and make sure you stop and take a short break if gambling is affecting you negatively.
Tas-Sliema, Malta, May 01, 2025 (GLOBE NEWSWIRE) — 
It’s almost impossible to talk about the best Bitcoin casinos without mentioning Bitstarz. The casino has become synonymous to crypto gambling and it’s considered one of the best destinations for crypto players. Research from Betworthy, a casino testing facility, believes that it is indeed the top choice right now.
JOIN THE BEST BITCOIN CASINO: BITSTARZ
Overview of the Best Bitcoin Casino:
Bitstarz Casino Pros:
- 5 BTC welcome deposit bonus
- 180 extra spins as a welcome bonus
- Over 4,000 quality games
- Amazing VIP program
- Supports ten cryptocurrencies
- Weekly and monthly bonuses available
- Stellar customer service
- Withdrawals are instantly processed
Bitstarz Casino Cons:
- Geo-restricted live dealer section
- No sports betting
Bitstarz Online Casino Deposit Bonus and Promotions
- 5 BTC + 180 Free Spins: Upon signing up at Bitstarz, you will be greeted with a generous welcome package that’s up to 5 BTC with additional 180 spins.
- 50% Monday Reload Bonus: Who doesn’t love a good reload bonus? While this reward is only available after your fourth deposit, it gives you a 50% bonus up to 0.11 BTC.
- Wednesday Bonus Spins: If you deposit on Wednesday, you can receive bonus spins the day after, depending on how much you will deposit. With 1.2 mBTC, you’ll get 20 bonus spins, 80 with 3 mBTC, and 200 with 6 mBTC, so take advantage of this exciting offer, especially if you’re a slot game enthusiast!
Features of This Bitcoin Online Casino That Push It Above All the Rest
Sleek Website Design: The first thing you encounter as a player when discovering the best Bitcoin casinos is how its website looks and what features it has. Bitstarz’s site is incredibly convenient and easy to navigate, especially if you’re just getting into online casino games.
Outstanding Customer Support Team: The Bitstarz customer service representatives are always there and available to assist you anytime. If you ever need help, address an issue, or perhaps ask a question, do not hesitate to reach them at [email protected] or use the live chat feature by clicking Help. The customer support team will get back to you promptly.
Instant Payouts: The best crypto casinos are often associated with instant withdrawals, and it usually takes them a little time to process all transactions, which is exceptionally convenient if you would like to withdraw your real money winnings quickly. At Bitstarz, you can withdraw your winnings using Bitcoin, which is processed instantly and comes with no fees.
Diverse Gaming Library: Bitstarz offers over 3,000 diverse titles and various genres, including slot games, classic table games, jackpot games, live dealer games, as well as Bitstarz original tiles such as Plinko, Dice, and Crash. This online casino also offers hot and cold games, as well as trending titles, like Hoonga Boonga, FaFa Twins, Astro pandas, and more. This is more than most other Bitcoin casino sites.
Are Bitcoin Online Casinos Legit? Bitstarz Perspective
Yes, Bitstarz is a legit and trustworthy Bitcoin online casino operating in the industry since its launch in 2014. Over almost a decade, this crypto casino online has managed to gain millions of loyal and dedicated users that take advantage of Bitcoin casino bonuses while exploring the diverse library this Bitcoin casino offers.
Bitstarz is owned by Dama N.V., which is operated under the laws of Curacao. The company has a valid e-gaming license and an operating license from Curacao Gaming Commission.
Additionally, as soon as you log into your account, your communication with the website is encrypted and secured by industry-standard encryption. Any data that you provide to the Bitcoin gambling website is safely encrypted and kept private, meaning that it is not being shared by any third parties.
Moreover, Bitstarz is a GDPR-compliant BTC online casino. You can get more information regarding this by carefully reading their privacy policy.
Also, Bitstarz offers provably fair games, meaning you can verify that they’re fair by going into the games and looking for Fairness and/or Provability buttons. This also applies to Bitstarz’s original titles.
If you’re looking for some other Bitcoin online casinos, be sure to check out their licensing situation.
How to Register at the Best Crypto Casino
It shouldn’t take more than 3 minutes to complete your registration at the best crypto casinos. Here’s how it’s done.
Step 1: Sign Up for an Account
- Go to Bitstarz Casino
- Click on Sign Up
- Enter your valid email address
- Create your username and login credentials
- Create your password
- Choose your preferred currency
- Finalize the sign-up process
Step 2: Verify Your Bitstarz Online Casino Account
- Go to your email
- Check your inbox
- Look for an email from Bitstarz
- Follow the instructions to verify your account
- Wait for the verification process to complete
- Voila!
Step 3: Get Your Deposit Bonus
- Open your account using your Bitstarz Casino login details
- Click on Payments
- Choose your preferred amount
- Deposit money
- Enjoy your deposit bonus!
What You Can Find at the Best Bitcoin Casinos
Responsive Customer Service: Exploring Bitstarz was incredibly fun on its own, but what Betworthy found to be even more impressive was how quickly the customer support team responded to our questions and concerns. With every question, we received detailed answers in minutes, and we believe that is one of the best features of the online casino.
Bonuses and Offers: Who doesn’t love a good deposit bonus? Well, at Bitstarz, you can enjoy that and so much more! Here players can take advantage of weekly bonuses on Mondays and Wednesdays, seasonal bonuses on holidays, and many more rewards during the year. So, this is your sign to sign up, make your deposit, and enjoy the offers Bitstarz provides.
No Withdrawal Fees: Yes, you heard that right! There are no withdrawal fees associated with payouts at Bitstarz. You simply withdraw your real money winnings using Bitcoin transfers, which are simple to use and come with no additional fees. Also, did we mention that they’re processed instantly? How awesome is that!
VIP Club: For some, the truly premium online casino experience means joining loyalty memberships or clubs. We at Betworthy totally understand that! Joining a VIP online casino club oftentimes equals more rewards, bonuses, and extra special promotions that are unique for each player.
At Bitstarz, you can join the VIP Starz Club and have a dedicated VIP account manager who will be at your service any time of the day, outstanding bonuses, a customized bonus plan, and the ability to be the first one to try brand-new titles. Isn’t that fun?
Comprehensive Review of the Best Bitcoin Casino
Launched in 2014, accumulating millions of users, and housing over 3000 online casino games, Bitstarz has managed to capture the hearts of those who are especially interested in online gambling.
Speedy payouts and diverse gaming selection are not the only things that make this online casino a top destination. The team at Betworthy have thoroughly explored Bitstarz Casino and have found a few things that make this website sit on top of the list of the best crypto casinos.
Game Selection: 4.95/5
Housing over 3000 online casino games, Bitstarz offers a unique way to explore your gaming preferences and needs. Here you can find various genres, including slot games, live dealer games, provably fair games, hot games, cold games, progressive jackpot slots, jackpot games, online bingo, and so many more!
At Bitstarz, you may find some of the most well-known and loved game providers, such as Red Tiger Gaming, Pragmatic Play, Genesis Gaming, Evolution Gaming, Vivo Gaming, BetSoft, Mascot Gaming, NetEnt, and more.
With the game selection of Bitstarz Casino, it doesn’t matter if you enjoy classic table games, exclusive games, or live games. Everyone will be able to discover something they like here.
Some of the most popular games at Bitstarz include Hoonga Boonga, Hot Life, Horror House, Aztec Magic Deluxe, Lucky 10 Bells, and more. Additionally, Bitstarz offers its own original titles as well, with games like Plinko, Blackjack, Slot, Crash, and Wheel.
You will also find exclusive Bitstarz titles, including Master of Starz, Bitstarz Billion, and Gold Rush Frog here.
Bitstarz Casino seems the perfect crypto casino, especially for slot game enthusiasts, considering how diverse their slot game library is, with new games added weekly.
The game selection at Bitstarz allows you to enjoy your favorite casino games and explore a diverse online casino library to discover your new go-to titles.
Bonuses and Promotions: 4.8/5
New players at Bitstarz Casino can take advantage of a welcome package of up to 5 BTC that covers your first four deposits.
On your first Bitcoin deposit, you’ll be getting a bonus of 100% up to 1 BTC, with 180 free spins. Out of the 180 free spins, you will be getting the first 20 instantly, while the rest will be added to your account at 20 spins daily.
To receive 180 free spins, however, you should deposit a minimum of 1.00 mBTC. However, if you would only like to receive the 100% bonus, the minimum deposit amount is 0.20 mBTC.
As for your second deposit, you’ll get 50% up to 1 BTC, 50% up to 2 BTC on your third, and 100% up to 1 BTC.
Bitstarz Casino also offers weekly bonuses, such as a 50% Monday Reload Bonus and Wednesday Free Spins Bonus. Both of the bonuses will only become available after your initial four bonuses are finalized.
The team at Betworthy had a fun time exploring the bonuses, especially when it came to receiving bonus spins that we were able to use on our favorite slot games.
That said, we would love to see more daily offers at Bitstarz Casino in the future. Some other crypto gambling sites had more in this regard, but Bitstarz still scored higher on bonuses.
Mobile Compatibility: 4.7/5
Sadly, Bitstarz Casino does not have its own designated mobile app, which made us a bit skeptical when it came to the mobile gaming experience of the online casino.
However, we were thrilled to find that the mobile browser version of Bitstarz Casino is just as functional and straightforward to use as the desktop version.
We experienced no technical difficulties when exploring the mobile version of the online casino, and all the necessary features and tools were very accessible.
Payment Method: 4.8/5
One thing everyone should consider before signing up is that Bitstarz Casino is that it’s mainly a Bitcoin casino.
If you have never had an experience with using the best Bitcoin casinos; we understand that it might seem like a complex step to take. However, you can feel at ease at Bitstarz as they provide all their users with a comprehensive, step-by-step guide on using Bitcoin at their online casino.
One big plus of using Bitcoin or other cryptocurrencies as the banking option is that all of your transactions are processed instantly. Moreover, they don’t come with any fees.
Customer Service: 4.9/5
There are several features of Bitstarz that truly stand out the moment you enter this online casino. One of them has to be, without a doubt, their customer support team.
The site’s dedicated team will genuinely go out of their way to assist your every need. We love how quickly they responded to all of our questions and concerns via their live chat option.
If live chat is not your cup of tea, or you’d wish to describe your issue in a more detailed and precise manner, you can email the Bitstarz Casino support team at [email protected]. You can expect to receive a helpful answer promptly.
JOIN THE BEST BITCOIN CASINO: BITSTARZ
Things to Consider Before Signing Up at the Best Crypto Casinos
Before you click on that glowing, golden Sign-Up button to join the best Bitcoin casinos, you should keep a few things in mind.
We understand that the information some casinos provide may be vast and overwhelming, so for your convenience, we have gathered a few things you should consider here.
Crypto-only Bitcoin Casino: For some, this might be a piece of fantastic news, but for others, Bitstarz being a crypto-only casino might sound like a disadvantage.
As we can see both sides of the coin, we think it’s utterly crucial that the potential customers of Bitstarz note that this is a Bitcoin casino, meaning that the deposits and withdrawals here are processed using Bitcoin as a currency.
One massive advantage of Bitstarz being a crypto casino is the fact that they have no fees for payouts, and the withdrawals are processed instantly, which is a big win!
We understand that coming across a crypto casino might sound difficult, but worry not! – Bitstarz offers free and accessible resources on how to use Bitcoin for your online casino gaming experience.
Wagering Requirements: At Bitstarz, the welcome bonus package is well within the industry standard, albeit in the higher end. However, we think it’s fair considering the amount of bonuses you’re getting.
We highly recommend carefully reading the terms and conditions of each bonus you decide to claim, as they might have different wagering requirements.
Region Restrictions: Just because online casinos hold a license doesn’t mean they’re completely legal in all places. In some regions, however, they may be subject to many conditions depending on local laws and policies.
We encourage you to carefully look into the state regulations regarding online gambling and review the local laws before you register at Bitstarz or any other crypto casino sites.
Responsible Gaming: Being transparent about responsible gaming is one of the most prominent features of Bitstarz. As online casino players, it should be in your best interest to be accountable when gaming online. This includes knowing your own limits, taking well-deserved breaks, reading terms and conditions, taking a cool-off period when necessary, and more.
If you would like to learn more about responsible gaming and how to set limits on games at Bitstarz, please feel free to visit the FAQ page of the online casino.
Cryptocurrencies You Can Use at the Best Bitcoin Casinos
The best crypto casinos like Bitstarz have changed the game for players looking for fast, anonymous, and secure gaming experiences. While Bitcoin (BTC) remains the most popular digital currency in the casino world, Bitstarz now accepts a range of cryptocurrencies to cater to diverse player preferences. Here’s a look at the top cryptocurrencies you can use at Bitcoin online casinos today:
1. Bitcoin (BTC)
It all started with Bitcoin. As the first and most well-known cryptocurrency, Bitcoin is the go-to option for most crypto casinos. It offers: High security through blockchain technology, Global accessibility without the need for traditional banking, Quick transactions, often completed within minutes.
2. Ethereum (ETH)
Ethereum is more than just a currency — it powers smart contracts and decentralized apps. In online casinos, ETH provides: Faster transaction times compared to Bitcoin, Lower fees in many cases, Access to decentralized gambling platforms (dApps).
3. Litecoin (LTC)
Dubbed the “silver to Bitcoin’s gold,” Litecoin is a favorite among players for: Lightning-fast processing speeds, Minimal transaction fees, Widespread adoption at crypto-friendly casinos like Bitstarz. Litecoin is perfect for players who want quick deposits and even quicker cash-outs.
4. Tether (USDT)
Tether is a stablecoin pegged to the U.S. dollar, meaning its value doesn’t fluctuate like other cryptocurrencies. USDT is ideal for casino players who: Want to avoid crypto volatility, Prefer to manage bankrolls in stable, familiar denominations.
5. Dogecoin (DOGE)
Originally created as a joke, Dogecoin is now a legitimate player in the crypto world — and casinos have noticed. DOGE provides: Super-fast transaction times, Extremely low fees, A fun, casual vibe that resonates with many gamblers.
Final Word about the Best BTC Casino
We understand how crucial it is to find a trusted Bitcoin casino that satisfies all of your desires and needs. Thus, we hope our Bitstarz review has helped you decide if this crypto casino is the right match for you.
We have found our experience at Bitstarz Casino to be quite enjoyable – exploring a diverse game selection, claiming generous deposit bonuses, and taking advantage of instant payouts; what could be better than this?
No matter which of the best online casinos you choose to play at, we hope your casino experience will be as enjoyable as ours.
Last but not least, always play responsibly.
Stay Safe at Top Bitcoin Casinos: A Word on Responsible Gambling
Being safe while you gamble at the best Bitcoin casinos is absolutely crucial. If you don’t, you might be at risk of developing unhealthy gambling behaviors, or losing control of your finances. It’s easy to get carried away while you gamble online, so it’s important to do everything in your power to prevent that.
But you don’t have to consider yourself to be a problem gambler to make use of responsible gambling tools. It’s a good idea to consider at least one or two of the following options when you play online Bitcoin casino games.
- Deposit limits: You may be able to set up your own limits to payments at Bitcoin gambling sites. These could be daily limits, weekly limits, monthly limits or more. That way, you can keep in control of your spending, and never go over your bankroll or even worse, chase your losses.
- Self-exclusion: Everybody needs an online casino break from time to time, no matter how regularly you like to play. Online casinos can help you to do that by allowing you to block yourself from your account for a set period of time, like a month or a few months.
- Time checks: Money is not the only thing that you can spend too much of at an online casino. It’s really easy to get carried away with slots as well. That’s why time reminders or even time blocks can be a really helpful tool to keep you safe while gambling online.
- Free helplines: Outside of the online casinos themselves, there are a lot of support options available to you. For example, you can call a wide range of free support lines around the country. One of the most popular examples of these is 1-800-GAMBLER.
- Support groups: If you want to, you can reach out to organizations like the National Council for Problem Gambling. They will be able to put you into a support group and through a 12 step program with other gamblers, which could be the help you need.
Editorial Note
This article is provided solely for informational and entertainment purposes. Nothing within should be interpreted as legal, financial, or professional advice. Readers should carry out their own research before participating in any gambling activities or signing up with any online casinos mentioned.
Gambling Caution
Online gambling comes with financial risks and may lead to addictive behavior or monetary loss. We urge all readers to gamble responsibly. If you or someone you know is struggling with gambling, professional help is available. In the U.S., the National Council on Problem Gambling (NCPG) can be contacted at 1-800-522-4700 or visited online at www.ncpgambling.org.
21+ only. It is up to each individual to verify whether online gambling is permitted under their local, state, or federal laws. Neither the publisher, the authors, nor any syndication partners condone or support unlawful gambling. Participation in online gambling is done at the reader’s own discretion and risk.
Affiliate Transparency
This article may include affiliate links. If you click on a link and make a purchase or register, a commission may be earned, at no extra cost to you.
Syndication and Liability Disclaimer
Any third-party publishers, media platforms, or syndication partners that republish this content do so understanding that it is meant for informational purposes only. These entities are not responsible for the legality, accuracy, or interpretation of the material.
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Stake Colombia Partners with NetRefer for its Casino and Sportsbook Affiliate Marketing Platform
Stake Colombia, the Latin America division of Stake, has entrusted its Casino and Sportsbook brands to NetRefer’s Affiliate Marketing Platform.
Colombia serves as Stake’s operational base for expansion throughout Latin America. Their influence in the booming LatAm iGaming market began in 2023, through the strategic acquisition of Betfair Colombia and its license. “Expanding into the Colombian market is a strategic decision that aligns perfectly with our vision for growth and innovation,” said Brais Pena, Chief Strategy Officer at Stake.
This vision underscores Stake’s commitment to establish itself as a key player within Colombia’s market, increasing the assertion of the nation’s status as a home for innovative foreign investments.
Stake has multiple high-profile sponsorships, and missing the iGaming giant is almost impossible. It sponsors the likes of Everton FC, the UFC Franchise, and now in 2024, they announced their biggest move to date: their very own Stake F1 Team. The company’s redefining of brand partnerships also includes a deal with Megastar rapper Drake. Now, with the establishment of Stake Colombia, the company is accelerating its massive influence in the LatAm market.
In iGaming, it takes more than high-profile sponsorships to get to the top and stay there. To win that battle, Stake Colombia has an armada of popular Casino Games, Slots, Live Casino, Blackjack, and Drake’s favourite, Roulette, to accompany its extensive Sportsbook and keep the iGaming business skyrocketing to success. Apart from providing their customers with world-class games, how-to guides, and display boards promoting the best paying-out games, their easy-to-use platform allows players to place bets on various sporting events with minimal clicks and effort.
Stake works hard to maintain its dedication to fair play, legal operation, and transparency. This is demonstrated in their verified status with the Crypto Gambling Foundation and projects to promote responsible gambling. Their status as a ‘Crypto Casino’ is backed by all the cryptocurrency giants, such as Bitcoin, Ethereum, and Dogecoin, to name a few, in the jurisdictions in which this payment method is allowed.
Also noteworthy is the company’s commitment to security. State-of-the-art encryption methods and 24/7 customer support come as standard with Stake Colombia. Their priority to maintain player satisfaction is achieved through unique reward programs and campaigns, including their superb betting events with the rapping legend Drake, enhancing a better gambling experience and contributing to overall affiliate commission earnings.
Being a Stake.com.co Affiliate means earning commission for all bets placed on its Casino and Sportsbook, which, unlike traditional affiliate programs, means earning money even if players win. This ability to go above and beyond industry practices in various sectors has surely paid dividends to Stake’s rise to power.
Stake Colombia has partnered with NetRefer as their Affiliate Marketing Platform provider with Casino and Sportsbook brands. NetRefer expresses its delight to have such a renowned market leader join their client portfolio and become part of their journey to continued success.
Become a Stake Affiliate: https://stake.com.co/es/afiliados-resumen
Learn more about NetRefer: https://netrefer.com/
In March 2024, Bitcoin soared to a historical high, nearing 70,000 euro per coin. How does this impact the iGaming market? Being a tech company with over 15 years of experience and an innovator in crypto iGaming software development, SOFTSWISS shares anticipations in its quarterly crypto analysis.
Over 220 brands powered by the company engaged in crypto transactions during the first quarter of 2024, which is 12% higher than the previous quarter. SOFTSWISS experts analyse the data gathered from crypto-friendly brands by employing extrapolation, comparative, and correlative analysis.
iGaming Market Overview: Unveiling Anticipated Growth
The size of the global online gambling and sports betting industry is expected to rise significantly and exceed 170 billion euro by 2032, according to Statista. Based on SOFTSWISS data, the iGaming market has demonstrated a stable pattern of growth year after year.
In absolute terms in euro, the Total Bet Sum grew by 5.8% in the first quarter of the year compared to the last quarter of 2023. Analysing the year-on-year increase, comparing Q1’24 with Q1’23, the growth is more impressive, showcasing a 47.2% boost.
Simultaneously, the Total Bet Count, both fiat and crypto, displayed a slightly larger gain in the first quarter of 2024 compared to the previous quarter, surpassing 6.1%. The indicator’s year-on-year boost is much more notable, revealing a 57.2% increase.
The popularity of iGaming in recent years has been fuelled by its global reach and accessibility due to constant technological advancements. On one hand, the quality of internet connectivity continues to rise, while on the other, new payment methods are emerging, simplifying payment procedures.
The in-depth quarterly analysis, ongoing since the beginning of 2022, reveals that fiat bets are undergoing more substantial growth compared to crypto bets. In Q1’24, the Fiat Bet Sum increased by 6.9% compared to Q4’23, while the rise of Crypto Bet Sum was at 2.4%.
The more active growth of fiat bets led to a slight decrease in the share of crypto. In the first quarter of 2024, the crypto share in the Total Bets Sum settled at 24.4%, decreasing by 0.8 percentage points (p.p) compared to the last quarter of 2023.
What is the State of Crypto in iGaming?
Analysing crypto bets, it is crucial to highlight that almost 93% of them are facilitated through the in-game currency conversion tool, which is gaining traction. This mechanism allows operators to engage players with cryptocurrency assets in games initially tailored for fiat only. Operators that adopt such options are gaining more competitive advantages in the market.
While the Q1’2024 Crypto Bet Sum shows a moderate 2.4% growth compared to the previous quarter, the year-on-year analysis demonstrates a 20.8% increase. The Crypto Bet Count remained unchanged in Q1’24 compared to the previous quarter’s indicator. Simultaneously, the metric increased by 21.3% year-on-year. The figures speak volumes, showcasing a consistent interest among players in crypto gaming.
“The lack of a substantial increase in the number of crypto bets during Q1’24 can be partly attributed to the significant rise of the Bitcoin exchange rate during this period, leading players to be more cautious with their crypto bets. This trend mirrors the situation in the first quarter of the previous year when the Bitcoin exchange rate surged following a decline at the end of 2022,” comments Vitali Matsukevich, Chief Operating Officer at SOFTSWISS.
What Distinguishes the Average Crypto Bet?
The average crypto bet increased to 1.71 euro in the first quarter of the year from 1.66 euro in the last quarter of 2023. This growth correlates with a significant strengthening of the Bitcoin rate during the first quarter of 2024.
The average fiat bet remained steady at around 0.81 euro in Q1’24 and Q4’23. The average total bet stayed constant since the second half of the previous year and is equal to 0.93 euro.
Notably, the average crypto bet is double that of fiat. This indicates that digital currencies are preferred by higher-income players.
Why Did Bitcoin’s Share Drop?
The Top Five most operated digital coins in iGaming have remained stable during the last two years with minor changes in ranking order. The top still includes Bitcoin, Ethereum, Litecoin, Dogecoin, and Tether.
In Q1 2024, Bitcoin experienced a significant decline of 9.4 p.p. compared to Q4 2023. This could be attributed to the bolstering Bitcoin exchange rate and players exercising a more cautious approach towards it.
In contrast, the shares of other digital coins have increased. Ethereum and Litecoin showed growth of 4.0 p.p. and 3.8 p.p., respectively, during the same period. Simultaneously, Dogecoin rose to fourth place in the ranking, leaving Tether behind.
Vitali Matsukevich, Chief Operating Officer at SOFTSWISS, summarises: “The benefits of employing digital currencies, such as fast transactions and anonymity, still attract many players. Embracing cryptocurrencies in iGaming can boost operator profits despite their volatile nature.
As the Bitcoin rate is expected to strengthen after the Bitcoin Halving, the average crypto bet and projected gains may see a notable impact. During such promising times, it is crucial to have reliable and experienced partners to navigate the path to success.”
About SOFTSWISS
SOFTSWISS is an international tech company supplying software solutions for managing iGaming projects. The expert team, which counts over 2,000 employees, is based in Malta, Poland, and Georgia. SOFTSWISS holds a number of gaming licences and provides one-stop-shop iGaming software solutions. The company has a vast product portfolio, including the Online Casino Platform, the Game Aggregator with thousands of casino games, the Affilka affiliate platform, the Sportsbook Platform, and the Jackpot Aggregator. In 2013, SOFTSWISS was the first in the world to introduce a Bitcoin-optimised online casino solution.
The post Navigating Bitcoin’s Impact: SOFTSWISS’ iGaming Industry Overview appeared first on European Gaming Industry News.
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