The cat is out of the bag, as sports leagues want to get a lot of money from the people attending their games. There are many things to spend your money on, from parking, tickets, food, drinks, team store, etc., if you are physically at the game. However, one thing is critical for success: moving forward, which has to deal with money. Currently, there are cashless stadiums where you can pay with a debit or credit card, but not cash. However, expanding the cashless experience to cryptocurrency is something that should and will happen.
One of the more exciting leagues in the world is going on at the moment, and it can really expand your cryptocurrency bankroll as you correctly make Champions league predictions and win some extra money.
In-Stadium Betting
The sports world has dramatically altered its previous stances on sports betting. Partnerships are forming at both the league level and team level, with signage adorning their arenas and even, in some cases taking over the naming rights. We anticipate it won’t be much longer before the venues open retail sportsbooks within the arena, allowing bettors to place wagers from their seats and allowing sportsbooks to operate as games are going on.
With that in mind, it is a great time to make your Champions league predictions today and see if you can’t hit it big. If you can use cryptocurrency, an option that is seemingly pushing forward and changing its value similar to the stock market, that would make the franchises more money as they will control a larger portion of it.
Real-time betting, also called “in-play betting” is rapidly rising in popularity. This betting option can allow bettors to capitalize on what they see in front of them to score a considerable payout by getting a pulse on the flow of the way and taking advantage of the ever-changing odds. Placing a bet on a certain player to score who is dominating a match or picking a game-winner as the team flies up the pitch on a counter strike is an additional element of fun added to the viewing and betting experience, so expansion of this option to include cryptocurrency is something that just makes sense (and could also make cents!).
Having a sportsbook inside the stadium also allows fans to bet on things happening throughout the game, like if a goal is going to be scored before halftime or the total number of yellow cards in the game. Making the correct Champions league picks with cryptocurrency makes it much more fun, as it is another way to make money and have an additional revenue stream.
Exclusive Offers
This is something that can really make it benefit the leagues and teams alike. Since there is such volatility in the cryptocurrency market, they can make exclusive offers for crypto exchanges. This also does not mean every single coin has to be accepted, as they can limit it to strictly Bitcoin if that is what they want to do. However, if you buy food for your family at the stadium and it comes out to $50, they can make it beneficial by making it 10 percent off if you use cryptocurrency. People jump at sales as they want to get things at the lowest possible price.
Besides, what does this hurt in the long run? People will be afraid of cryptocurrency and still prefer to use a debit or credit card to purchase their things. That is okay, but leagues love to have revenue sharing, and having cryptocurrency be a way to keep track is critical for their success as long as they pay for protection as people are going to try to hack into it. Maybe each team creates a crypto coin of their own, whereas teams like the New York Yankees make a Yankee coin and allow fans special discounts, and the possibilities are endless here.
You can provide discounts as this could be an alternative to your season ticket groups or even a supplemental thing. Teams do give their season ticket holders perks, and this could be one of them as they can get a specific amount of a team’s crypto coin to use throughout and get discounts. The league creates a new source of revenue; fans can buy and sell their coins to create a new economy and get some discounts, and people who are not hip with the times still have the option to rely on their debit and credit cards as a way of payment. There is no harm in this being an option.
How Realistic Is This Option?
At the moment, the number of sportsbooks that accept cryptocurrency as a form of payment is relatively small. This is because many of the cryptocurrency markets don’t have the necessary regulations in place to provide security for both bettors and sportsbooks, and the currency value fluctuations could mean rapid expansion or depreciation between the time the bet is placed and the time a sportsbook would have to pay out.
This could be changed in the near future to allow bettors to place a bet with cryptocurrency and “lock in” the value of their crypto coin at the time they set a wager. From there, a winning bet would result in a sportsbook payout that is proportional to the value of the wager at the time of the bet in relation to the odds of the bet.
Cryptocurrency markets would likely need to undergo additional stabilizing measures before rising to prominence in the betting sphere, but as society seeks new ways to move away from using cash and physical coins, crypto could be the betting method of the future!
Conclusion
Crypto’s expansion into sports betting feels like something that could and should happen in the not-so-distant future, as people are going to want to increase their revenues and line their pockets with hefty paydays. What do you think? Should leagues and teams create their own cryptocurrencies to allow fans to pay that way?
