Latest news about Bitcoin and all cryptocurrencies. Your daily crypto news habit.
Crypto betting is almost the same as regular online betting; the only difference is the currency at play. If you have any degree of experience in online or crypto punting, you should know that being a pro isn’t easy.
Following on from Gate Group's Hong Kong-based company, Hippo Financial Services Limited (Hippo FS), obtaining its TCSP Licence, the world-leading exchange is committed to expanding its presence in the Hong Kong market by applying for a new license which will allow them to launch Gate HK, a new platform designed for the Hong Kong market.
Last August, Gate Group already obtained the TCSP license, which is required for any entity that operates as a trust or business in Hong Kong. With a focus on providing custody of virtual assets, Hippo FS has dedicated resources towards creating teams that will manage local operations and ensure the security of its services infrastructure and client's assets.
Regarding continued developments, Dr. Han Lin, Founder of Gate Group, recently tweeted, "Very excited about Hong Kong. Having obtained the TCSP License in HK, Gate Group is also preparing for a crypto license and fine-tuning Gate HK, a new entity tailored to serve HK’s growing crypto market, stay tuned."
The acquisition of the TCSP license by Gate Group's Hippo FS in Hong Kong and the impending launch of Gate HK following the group's new cryptocurrency license application are significant steps toward the growth and expansion of blockchain and virtual asset adoption. These moves not only deepen the group's relationship with global crypto investors but also provide added confidence to investors who entrust Gate Group.
While already complying with regulatory matters and having an established team for almost a year, Gate Group is committed to providing world-leading crypto asset service to Hong Kong users with a secure and trusted platform.
One thing pros always appear to have is a winning template that works most of the time. The template doesn’t necessarily have to include a single betting technique; it could be a series of tips and tricks that works for them.
This article will focus on the betting tricks that most professionals use. Using testimonials by individual cryptocurrency betting professionals at CryptoBetting.org, you’ll learn all the strategies that worked for them and a few that didn’t to help you understand what and what not to avoid.
Top Crypto Betting Tricks a Pro Should Know
Unlike what most newbies punters think, winning in crypto betting isn’t entirely about luck. There’s some luck involved, a great deal, if you may, but when you ignore the aspects you have complete control over, you end up losing money, even after winning betting rounds.
With that said, here are some betting tricks you must know to be a professional crypto punter.
1. Get Basic Cryptocurrency Knowledge
Becoming a professional in cryptocurrency betting requires proficiency in cryptocurrencies and online betting. It’s practically impossible to reach the professional level when you’re prone to beginner mistakes in transacting with Bitcoin.
Several things could go wrong when you try to dive into Bitcoin betting without trying to learn about the concept of cryptocurrency. For one, you’re at risk of losing your money, either by sending it to the wrong Bitcoin wallet or by withdrawing to the wrong one.
You don’t need to be an expert in blockchain and digital currencies to be a Bitcoin betting pro; basic knowledge of transacting with different cryptocurrencies should suffice.
2. Observe Bankroll Management
One of the differences between a Bitcoin betting addict and a pro is bankroll management, which is a strategy to control your spending during a punting session. Punters with no regard for bankroll management tend to make horrible money decisions.
You can find several tips to help you manage your spending around the internet, and there are a couple of done-for-you bankroll management strategies. There’s the flat betting model, where you keep staking the same amount, regardless of your emotions or winning streak.
The potential return and the percentage model are other bankroll management strategies you can implement. Also, adopting a bankroll management strategy is only half the battle; implementing it is where the work lies.
3. Choose Reputable Crypto-friendly Betting Sites
Another crucial tip that most beginners underestimate or ignore is putting in the effort to choose the best Bitcoin casinos. There are a lot of casinos that supposedly let you pay in Bitcoin, but scams and low-quality betting sites are not scarce.
You can choose the best sites by looking out for a few pointers. Qualities like the number of cryptocurrencies they support, their game variety, and their reputation are the characteristics that prove the legitimacy of Bitcoin betting sites with high accuracy.
4. Shop for the Best Odds
When playing odd-based bets like sports betting, you should consider shopping for the best odds on the market to ensure you’re making the most out of every win. As you probably know, different online casinos offer varying odds for the same game, making odds comparison worthwhile.
Shopping for great odds is even more difficult when you limit yourself to Bitcoin casinos only. For help, consider newer Bitcoin casinos first, as they always offer exciting odds to attract new members. Also, you don’t have to keep a single online casino account; having multiple makes it easy to bet with whoever offers better odds.
5. Manage Your Expectations
While Bitcoin betting platforms tend to offer better odds, you must manage your expectations while staking to avoid inevitable disappointment. The first step to setting the right expectations is learning about the general experience of punters in your chosen betting category.
Ads may have you believe that you’re getting exceptionally low odds or a terrible winning margin, but that is typically not the case. It’s also essential to note that the rules for crypto and fiat betting are the same; betting with Bitcoin doesn’t mean you’ll win more often than someone betting with US dollars.
Managing your expectations won’t only prevent disappointment from losing but will also set you on the path of being a pro, as you’re likely to keep betting rationally regardless of the outcome.
Worst Betting Practices Punters Should Avoid
Knowing what to do doesn’t always guarantee excellence; sometimes, you also need to know what not to do. After learning the top crypto betting tricks for pros, it’s also essential to learn about the worst practices to ensure you’re not doing anything wrong.
Here is a breakdown of the most popular worst betting practices among punters.
1. Playing unfamiliar games
While hunting for the best odds is generally a good recommendation, jumping on them when they’re outside your specialty isn’t, and that behavior can be problematic. Before staking real money on any game, you should understand how it works and the rules governing it.
Thankfully, most games at online casinos and sports betting sites have demo versions to help newbies get familiar with how they work.
2. Using untrustworthy casinos
A not-so-interesting fact about Bitcoin casinos is that they can run fine without a license and receive user payments. For non-crypto casinos, that’s not an option, as their payment processor could simply prevent them from collecting money from users.
Since nobody can reprimand any online casino scam, they can keep collecting payments from users without a license. That puts the responsibility of verifying the trustworthiness yourself. The preceding section contains the best practices for Bitcoin casinos; turn that around to determine untrustworthy ones.
Conclusion
Betting can be insanely addictive, which is why most punters don’t eventually become professionals. Becoming a professional punter requires no more than the willingness to carry out due diligence and the ability to stay rational during a winning or losing streak. This article outlines five Bitcoin betting tricks to help you achieve both objectives.
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.