Football is the world’s most popular sport, but that doesn’t mean it’s easy to bet on. Each country has its own leagues and leagues within leagues, and some of them aren’t even televised in their home countries. Even if you did know where to place your bet online with fiat currency (dollars or euros), it can be difficult to manage your balance on a game-by-game basis because most sportsbooks won’t let you withdraw or deposit more than once per week. So when I heard about Ethereum sports betting, I was intrigued.
Ethereum has become an important part of the global economy
Ethereum, the world’s second most valuable cryptocurrency and blockchain network, has become an important part of the global economy.
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud, or third-party interference. These apps run on a custom-built blockchain called Ethereum Virtual Machine (EVM). The EVM runs the programming code of all applications on the Ethereum network. It also stores all data for every app running on it in its own database called “blockchain”. This makes Ethereum very different from Bitcoin which doesn’t have any programmable features at all but just allows people to send each other money using their private keys instead of having bank accounts like traditional currencies do so they can pay each other back whenever needed without having any third party involved like banks or governments because those institutions would charge fees for every transaction made between two individuals so now imagine what would happen if there was no such thing as banks then everyone could just use their phones instead?
Ethereum-based sports betting sites have started to emerge
The first thing to know about Ethereum is that it’s a cryptocurrency and blockchain network. It has some similarities with Bitcoin, but there are also key differences.
Ethereum was developed by Vitalik Buterin in 2015 as an open-source platform for smart contracts and decentralized applications (DApps). The use of smart contracts allows people to place bets on football matches using Ether tokens, which are the native currency used by Ethereum. This makes betting on football with Ethereum possible without any intermediaries or third parties involved in the process!
Sports betting estimated $450 billion in revenue in 2020 according to Statista
Sports betting is a huge business. In fact, it’s estimated to generate $450 billion in revenue by 2020 according to Statista and USD 2 trillion is expected by 2020 according to CNBC. This makes it one of the largest industries in the world, and Ethereum could be used as part of this industry very soon!
Football is easily the most popular sport in Europe, Asia and South America
Betting on football with Ethereum is a great way to get started, as the game is easily the most popular sport in Europe and Asia. The popularity of football coupled with a growing interest in cryptocurrency piqued my interest in finding out if it was possible to gamble on games using ETH instead of fiat currency like dollars or euros.
Is it possible to gamble on football games using ETH?
You may have heard of Ethereum, the second most valuable cryptocurrency in the world. It’s also a blockchain network, which means that it allows users to send and receive digital currency without having to use an intermediary like a bank. Ethereum was created by Vitalik Buterin in 2015 and has since grown into one of the most well-known cryptocurrencies on Earth.
In addition to being used for betting on football games (which we’ll get into later), Ethereum can be used for other types of online gambling such as poker or casino games like blackjack or roulette–and there are even some casinos that accept only ETH deposits!
Ethereum Sports Betting
Ethereum, the world’s second-largest cryptocurrency by market cap, is gaining popularity as a way to bet on football games.
Ethereum sports betting has many advantages over traditional methods of betting. First, it allows users to make transactions quickly and securely without needing third-party escrow services or middlemen who charge fees for their services. Ethereum also makes it easy for players from all over the world to participate in gambling activities without worrying about exchange rates or having access only within one country’s borders–which makes it ideal for international tournaments like World Cup 2018!
Finally, Ethereum offers better odds than traditional fiat currencies because its value fluctuates less due to inflationary pressures (and thus provides an advantage over other currencies).
How to bet on football with Ethereum
The first step to betting on football with Ethereum is to create an ETH wallet. You can do this by going to MyEtherWallet and downloading their Chrome extension or visiting their website directly. Once you’ve created your wallet, it will generate a public key for you that looks like this: 0x40F0B65C1b7BC8A0eBd2cc2D22a212Db904c9DA9
Once you have this information, head over to an ETH sportsbook like Sportsbetting.ag or Nitrogen Sports where they take bitcoin deposits as well as ether (ETH). Once there, click “deposit” at the top right of their homepage and then select “Ethereum.” Paste in your public key from above into this field:
Next click “send funds” at the bottom right of that same page after entering how much money (in USD) that want to be deposited into your account along with its destination address which should be an ERC20 compatible wallet such as MetaMask or Mist!
Now that you know how to bet on football with Ethereum, it’s time to get started! The first thing you need is an Ethereum wallet. This can be an online wallet or an offline one like Exodus. You’ll also need some Ethers in order to place bets, so if you don’t already have some then read our guide on how to buy cryptocurrency safely before proceeding any further.