In SBC Magazine Issue 148 (January), we took an in-depth look at Bet105, an emerging crypto-based bookmaker, on behalf of SBC members.
Today, I want to dive deeper into what makes Bet105 so intriguing and the growing role of cryptocurrency in betting.
First of all, if you’re curious about how to get started with crypto for betting, I’ve put together a brand-new step-by-step guide that is freely available for everybody to read on the SBC website.
This guide walks you through everything from purchasing crypto to making smooth deposits and withdrawals – all from a betting perspective. There are several advantages to using it when compared to regular currency – all of which is explained in the article.
Exploring Bet105
One firm that only accepts crypto for betting is Bet105, an up-and-coming firm which is classified as an offshore bookmaker – one that operates outside of traditional regulation.
Offshore bookmakers aren’t new. Well-established names like BetOnline and Betcris/Bookmaker have built strong reputations by offering competitive odds and welcoming sharp bettors. They also differentiate themselves from traditional markets by focusing on cryptocurrencies for deposits and withdrawals due to the aforementioned advantages vs. fiat currencies (i.e. £, $ and €)
While Bet105 share these characteristics, what sets them apart is their willingness to accept players from regions where many competitors do not, including the UK and other parts of Europe. They put the onus on you as the individual to understand the rules and legality of betting from where you are based.
Those behind Bet105 are respected figures in the betting industry, with several well-known professional bettors publicly endorsing them in recent months.
Review & Guide Based On Real Life Usage
Given the interest in them, we put together a comprehensive review and walkthrough guide – based on six months of firsthand betting experience on the platform.
This exclusive SBC Member resource covers everything from what markets they offer, the competitiveness of their pricing and the pros and cons of betting with offshore bookmakers.
This last point is important as there are both risks and rewards that need to be addressed when considering an offshore bookmaker. We discuss all of this in great detail because there is a lot of interest in firms like Bet105 and it would be remiss of us to just pretend that our members (and bettors in general) aren’t weighing up all of these options with very little independent guidance to help them.
Horror stories (such as this one from Luke Paton) show the pitfalls of using unregulated books and how it can all go wrong. We want to ensure that if people do choose to use these operators, they have information to help them make the best choices.
Bet105 is the 2nd ‘Offshore bookmaker’ review that has been published for SBC members with a third site review (again another offshore bookmaker open to UK customers) scheduled for February.
Below you can see an example of some of the emails received recently asking us to look at Bet105
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Why People Are Interested In These Firms
This weekend’s betting markets provide a good opportunity to showcase why offshore bookmakers like Bet105 appeal to bettors.
Their overround (sometimes also known as vig, juice or margin – effectively their inbuilt edge) which is already very competitive, has been reduced even further for the Superbowl this Sunday.
So, you can take the Chiefs -1 at 2.01 or the Eagles +1 at 1.952, which are stand-out prices in the market and at the very least offer trading or arbing opportunities
This is how they compare to Betfair (after 2% commission) and Pinnacle:
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Value like this is why they are proving to be so popular with bettors and why we are fielding so many questions about them.
Bet105 also have boosted odds this weekend in the FA Cup as well as La Liga – very often where they are best or joint best-priced with the likes of Pinnacle and the Betfair Exchange.
So if interested in learning more about not only Bet105 but other options in terms of Offshore Bookmakers and Bet Brokers, then be sure to check out the reviews and guides now available with an SBC Membership.
For those of you interested in regulated bookmakers, we also have extensive guides including our ‘Major Bookmakers’ guide, which features a rundown on 72 licensed firms you can use.
After all life betting doesn’t just begin and end with Bet365 or Skybet. There are many, many options available to smart bettors these days and SBC is here to help you educate, inform and explain who and where they are!
Disclaimer: Please note that signing-up with and betting with Bet105 (or any other Offshore Bookmakers) does not constitute an official SBC recommendation.
It is important that you understand all of the risks that Offshore Bookmakers present, including whether or not such services are legally available in the country you reside in.
Each country and jurisdiction has different rules and regulations on how they are viewed and as SBC readers come from all around the world, ascertaining suitability and legality needs to be judged by each of you on an individual basis.
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