Bitcoin gamblers prepare for Conor McGregor vs. Floyd Mayweather
There is evidence to suggest that mankind has been involved in gambling as far back as 2300 B.C. In those days, ancient Chinese people are thought to have used tiles for rudimentary games of chance. By the time 200 B.C. rolled around the Chinese were even using keno slips for a sort of state funded lottery, which may have been used to help fund the Great Wall.
The Ancient Romans, Greeks, and even the Egyptians are known to have played dice games throughout their existence. In fact, even games we play today, like blackjack, for instance, were around in the 1600s in places like Spain.
In a nutshell, folks have participated in many forms of gambling since the dawn of our recorded history. A large portion of the modern population will likely be continuing this trend as we approach the epic showdown between UFC fighter Conor McGregor and boxing legend Floyd ‘Money’ Mayweather.
The two will square off in a boxing match which will be held at the T-Mobile Arena in Las Vegas, Nevada. There is no doubt that many people in the cryptocurrency community who would prefer to use their bitcoins when wagering on this historic event. However, there are some important things to understand before you consider gambling cryptocurrency or any other type of currency for that matter.
Firstly, make sure all gambling is done legally. The link here provides a nice overview regarding how to gamble with cryptocurrency (specifically Bitcoin) in compliance with the law. However, one should conduct their own research to help ensure they are gambling in a manner that complies with any and all applicable gaming laws.
Secondly, don’t ever wager more than you can afford to lose. Now that the public service announcement is out of the way, let’s get back to the fight.
Floyd Mayweather is a professional boxer with a perfect record of 49-0 and is considered to be among the best fighters of his era. He is currently a -600 favorite (according to Odds Shark), meaning you would need to bet $600 in order to win $100…assuming he emerges the victor.
Conversely, Conor McGregor has never competed in a pro box match but has won multiple championships as a mixed martial artist. He is a +400 underdog, so if one decides to places a $100 bet on the Irishman… and he’s able to pull off the upset, they would win $400.
However, the odds will likely fluctuate a great deal by the time fight day rolls around on August 26, but that’s the overall gist of how the plus and minus numbers work. Bitcoin holders who plan on attending the event live in Las Vegas have some options in terms of casinos to choose from when placing a bet prior to the start of the fight.
Venues like The D and Golden Gate Hotel and Casino, located in the heart of ‘Old Vegas’, accept bitcoin nearly everywhere except the casino floor. They do, however, have Bitcoin ATMs on site, where you can convert your bitcoins into cash (for around a 5% fee) and then place wagers on the bout there. The Lucky Dragon Casino, an Asian-themed casino near the strip, also has Coin Cloud bitcoin ATM on site.
The millions of fans who plan on watching the event at home have several options available for on-line wagering. Sites like BitcoinSportsbook.com offer ratings for several on-line sportsbooks that accept bitcoin. However, be sure and do your homework before selecting a site and make sure your actions comply with any and all applicable laws.
The world of cryptocurrency gambling is beginning to take shape and there are already several options available for Bitcoin users who want to put some scratch behind either McGregor or Mayweather as they get set to do battle in this highly anticipated bout.