Recently Betradar, one of the leading sports betting services, and Stake.com, one of the greatest online crypto casinos, have announced their 2-year partnership for launching their Stake Sportsbook.
What’s Sportsbook?
That would be fair to first revise what the Sportsbook actually is. Basically, that is a place where gamblers can wage on different competitions like football, golf, soccer, boxing, mixed martial arts, basketball, the list can go on and on.
The methods of betting in the Sportsbook vary depending on legal regulations mostly. For instance, under the Professional and Amateur Sports Protection Act of 1992 in the US, there were only several states where it was legal to wager on sports: Nevada, Oregon, Montana, Delaware.
But things changed when the law was ruled unconstitutional and on May 14, 2018, all states were allowed to make sports betting legal on their territory at their own discretion.
So, after the event you were wagering at finishes, the winning bets can be paid. However, it might also happen even before the event finishes if it was played long enough for the Sportsbook to consider it official and that is when confusion emerges.
There is a thin line between what the Sportsbook thinks is official and what the sports league itself sees as official. Therefore, it is important to first read the Sportsbook rules about withdrawing money before placing your bets.
Yet another detail worth mentioning is that the betting volumes at Sportsbook can vary depending on the season. Bettors have more interest in particular types of sports and, therefore, they will increase money wagered when their exact sports are in season.
However, there are sports like boxing that do not follow any particular schedule and, thus, can create peaks of activity for the Sportsbook.
Betradar Trailer
Partnership Agreement
The two of the agreement members have already made their name in the industry. Stake.com has managed more than 11 billion bets in only about 3 years. More than 50 billion bets have been accumulated between Stake and Primedice brands.
Usually, all of the Sportsbook launched generate less than half a billion bets per year. But Stake aimed bigger, higher. They want to replicate their huge success in the unique casino games they’ve released in their own Sportsbook within a 1-year time frame. And for that, they’ve chosen no one else but Betradar’s MTS team.
Betradar looks to cryptosphere with Stake partnership https://t.co/eLJ5X3SA7m pic.twitter.com/fSugxtDhGb
— SBC NEWS (@SBCGAMINGNEWS) December 6, 2019
Meanwhile, Betradar that is coming from the Sportradar group has already managed to lock deals with competitions like FIFA, NBA, NHL, and NFL. And now they are looking forward to diving into the cryptocurrency industry with the Stake’s guidance.
Eddie Miroslav, the owner of the Stake crypto casino platform is feeling positive about the upcoming collaboration:
“With a look and feel that is exclusive to our platform, we are confident that our partnership with a data supplier of this caliber is going to fit the needs and wants of our substantial player base. We are aware of an already strong sports interest and knowledge within our community; we knew to spend several months working on this new site feature was going to be profitable for us.”
