The Future Looks Bleak for Licensed Bookmakers
With the rise of crypto currency based casinos, being a licensed bookmaker appears to be a job that is no longer sustainable, but why?
These bookmakers used to own the entire world of sports betting and now it looks like they are going the way of the dodo as casinos get to be more digital, and crypto might just be the final nail in the coffin.
Here’s what you need to know about the future and the role that bookies will no longer play in it
Decentralized Betting is Turning Customers into Bookmakers
With blockchain and other forms of web technology making the entire process of gambling decentralized, the traditional role of bookmakers is being challenged and removed.
Instead of the bookmaker taking all bets against the house, decentralized betting is allowing for a peer to peer system of betting, where users come and bet against the house, but now they can also bet against other users.
Additionally, rather than having to call a licensed bookmaker to make bets, or make changes on a customer’s behalf, now customers can place their bets online and make any needed changes at will without needing to go through their local bookmaker.
With the advent of decentralized technology that makes everything faster and more efficient, constantly checking in with your bookkeeper is a thing of the past.
Customers Don’t Need to Spend Time Looking For a Bookkeeper
Back in the days before crypto casinos, picking the correct bookkeeper was a time honored process because you wanted to work with the right one. There was also the added issue that you needed to find a bookie you could trust and not one who was playing a rigged game. Now, with cryptocurrency based gambling, customers can test the fairness of a game themselves as the game comes out.
Using cryptographic algorithms, potential users of a certain application can test how fair the game is, and then decide if they want to place their bets. Plus, testing for fairness isn’t just for sports betting, it can be done for all types of casino games, including the many games on Casinos Crypto.
The Power is Being Taken Away from the House
Finally, with the crypto gambling market being both made increasingly digital as well as decentralized, houses don’t need a bookkeeper to act as their face and handle interactions with users anymore. Many online applications and casinos are being run by decentralized autonomous organizations… or their users.
In these organizations the community on the platform can vote on upgrades, additions, and changes to the crypto casino, and then they can also be compensated for their time as well. So rather than having no power and having to constantly communicate with a bookkeeper to get anything done, in the new future of gambling users will be able to take control and have the gambling experience that they want to have.
A More Decentralized and Fun World of Gambling
With the rise of virtual reality, AI tools, and of course cryptocurrency, a lot of changes are going to need to be done in order for casinos and the practice of betting to keep up. While these changes will provide safer, more inclusive, and more centralized fun for everyone involved in making and placing bets, it will require leaving a few things behind and one of those casualties is the bookkeepers.
But while the future looks bleak for bookkeepers, the entire world of gambling is going to enter a brand new age, so if you want to get involved in cryptocurrency betting then you should hop on and start placing your bets!
