Bitcoin sports betting has a more or less bad reputation in Germany. However, there is no really hard-hitting argument against it, because the overwhelming perception often comes from well-known gangster movies from Hollywood. The generally high risk of gambling addiction is of course a point of criticism and is a very serious problem, which is why the topic is addressed.
However, today’s topic is not just about the negative views, but about what BTC sports betting does for the job market. Since 2011, bets on a wide variety of sports can be placed online in Germany. A new and huge sales market, which creates extensive new jobs. The following article shows which areas profit directly and indirectly from this.
The change from classic sports betting to BTC sports betting
Sports betting is done online these days and many users prefer bookmakers which accept cryptocurrencies. MMA was one of the first sports that became popular for betting directly on fights with BTC.
On the computer or on the train, the bets can be placed quickly and easily via the Internet as well as via an app on mobile devices. Since real money is involved in BTC sports betting and large sums can be determined from time to time during payment transactions, the sites must be secured. This is ensured by SSL encryption, which is also used by banks or government institutions. This secures the payments as well as the personal and account data of the users. The second industry, which also directly benefits from BTC sports betting, is the IT industry. It ensures that the websites and apps are accessible and secure at all times and, of course, remain easy to use despite the innovations.
The state always plays along
Sports betting has of course been around for a very long time. Already at the first Olympic Games bets were made. Having arrived in the present, sports betting has only been possible in Germany since 2011, after there was a partial opening of the market. Before that, sports betting was not allowed. So that the offer can be better regulated and the winnings of betting and gambling are taxed by regulation, a tax of five percent was set. Through this betting tax, more than 160 million euros were collected already in the first year. Therefore, the first industry to directly benefit from sports betting and record new jobs is the financial world. Specifically, this means the German treasury and its tax professionals, as well as the accounting and administration departments of the providers themselves.
Live and direct – customer service
Another factor that influences the ease of use of the platform, or if there are any questions, is the customer service. This helps with general questions and concerns on all topics related to sports betting and gambling. The most common questions revolve around the range of sports and the odds of the bookmakers, how the submission of betting tax proceeds or about the specifications of the deposit and withdrawal. After bets are placed around the clock, the customer service is also available 24 hours, seven days a week. Due to the fact that the German participants of sports betting prefer a German customer service, new jobs have been created.
The counterargument to sports betting – gambling addiction
As mentioned at the beginning of the article, the issue of gambling addiction is explained in terms of new jobs and positive views. For this, it must be said that a gambling addiction in itself does not have anything good and this should not be described more beautifully than it is. However, one knows such topics about addiction and the illegality also from other areas. Because sports betting is now allowed in Germany and everyone has access to it, it has also become a lot easier to get help. Online forums, where those affected and therapists can talk to each other, as well as contact details for help, which can be found on every platform of a sports betting provider, are helpful in this regard. Due to the fact that gambling has a negative reputation, the companies take care of their customers and that the bets are made with responsibility. Thus, many new jobs have also been created in the social sector.
The providers of sports betting
These are in the rough and whole the ranges, which can register directly by sport bets new jobs. There are of course some more, such as the advertising industry, which ensures that advertisements are seen on TV and posters in the city. Of course, there are quite a few of these, because the sports betting business is booming. Since bookmakers have been allowed to offer their services in Germany, there have only been increasing numbers. After demand determines supply in a free market economy, numerous companies have established themselves in the betting market. Finally, the question remains as to what makes a good bookmaker.
These are, broadly speaking, the areas that can directly record new jobs through sports betting. There are, of course, a few more, such as the advertising industry, which ensures that advertisements are seen on TV and billboards in the city. Of course, there are quite a few of these, because the sports betting business is booming. Since bookmakers have been allowed to offer their services in Germany, there have only been increasing numbers. After demand determines supply in a free market economy, numerous companies have established themselves in the betting market. Finally, what makes a good bookmaker?
Finding the right bookmaker
As already mentioned, sports betting is done online, which means that sports betting providers can also be found on the Internet. If you start searching for a suitable company, there are more than two million hits. Of course, not everyone is a company, but this shows once again how large the market has become. Ideally, there are platforms on which the bookmakers are listed and the most important data is also mentioned.
This is evidence of a reputable provider
As mentioned before, sports betting involves real money, which is why SSL encryption is used, just like in banks. Nevertheless, you would not invest your savings with any bank if you do not know them or the company does not seem reputable. The mark of a trustworthy bookmaker is, above all, the valid licenses. These allow the company to legally offer their services in Germany. To the great surprise, however, the licenses do not come from Germany, Norway or Switzerland, but from Malta, Gibraltar or Curacao. Gambling has been allowed in these countries for a long time, which means that there are clear and strict regulations, while the regulations and laws of the other EU countries differ. Further quality features are, as with all purchased products and services, the ratings of test centers and the customers. By means of test results, for example, the TÜV or the Deutsche Lotteriegesellschaft provide information about the services, the security, the offer or the usability. Customers also provide their ratings and comments and discuss the advantages and disadvantages of the various providers. On this basis, it is relatively simple to find a good bookmaker for your own needs. If not, several accounts can be made with different providers.