5th of May 2018 Author: Andrej Vidovic
One of the leading sportsbooks that exclusively caters to Bitcoin users, Sportsbet.io , has just presented the pioneering cryptocurrency cashout feature, the first-ever to be deployed on a sportsbetting website.
Players will now have more control over their bets, even letting them adjust the bets or back out of them while the sporting event is still in progress. It virtually means that if one's team is losing, they can withdraw the recalculated winnings as a way of locking in profits or cutting losses. This would guarantee the profit for players by maximizing winnings or minimizing losses, or at least a specific sort of cashback.
This particular feature is already available across many real-money wager websites, and Sportsbook.io representatives say this was introduced in a record-breaking timeframe due to demand from their punters. The site's slogan is, "fun, fast and fair," and so they managed to dish out this cool cashout feature in a mere two weeks since its conception; and just in time for the biggest sporting event of the year - the FIFA World Cup 2018 in Russia.
Director of the sportsbook, Joe McCallum, stated: "We aspire to be one of the leading sportsbooks around and this requires not only the best betting content but also a quality user experience, and introducing cash-out is sure to enhance this. Being the first bitcoin-led operator to introduce cash-out not only confirms our position as the premium crypto-sportsbook, but also demonstrates our commitment to our players around the world, many of whom have demanded these kinds of features."
CEO, Tim Heath, was equally excited about this: "It's unbelievable that we've prepared the maths, backend functionality and created a superb UI ready to go live in such a short space of time. This is a credit to the whole sports team for such a rapid and brilliant turnaround time."
Source: Thomas, Lucy "A Bitcoin sportsbook first: Sportsbet.io pioneers cashout feature", . Medium.com. May 2, 2018.
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Such a great news for Sportsbet.io players, hopefully others will follow their example.
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