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Guys, what are your thoughts on bitcoin casinos? They do bring up something to the table for players: instant deposits/withdrawals with no document or account verifications anytime. Can these casinos take a portion of the players that currently play at other casinos? They don't currently market it to that crowd, but what would happen if they started? Thoughts?
I think they can really take a portion of the industry.
Maybe Bitcoin is the next big thing .
Here is a short list of such casino's
Bitcoin adoptors are probably 1/100th of 1% of the general population (approx, 1 in 10,000)
In my opinion it's too complicated and too volatile to become mainstream - so it's a small niche.
https://en.bitcoin.it/wiki/Category:Gambling
This is a more proper list with all the casinos.
TheGooner yes they are. But take the North American market for example. Or Asia. Not many casinos can operate there anymore and processing and payouts can take days and even weeks. With bitcoin you can go to the local supermarket, buy some bitcoins and start gambling, then you don't have any id verification or anything, and on top of that you have instant withdrawals. Why would players not like that, if they knew it existed?
In more regulated markets like the UK or France it doesn't stand a chance yes.
Make sure you choose the right bitcoin casino, not one that do not have exchange account !!!
As a Casino Player I find Bitcoins pretty interesting, simply Bitcoins don't have delays on pay-outs, it's a p2p transaction, you can keep your account anonymous, and there is no third party seizure. Unlike regular online casinos there are a lot of hassle on follow-ups and tax.
I also agreed with @Virtual Marketing you have to find the best and right casino for you, there are a lot of bitcoin casino and since internet is a wide exchange of knowledge you can try the different kinds of bitcoin casino websites.
As of this moment there are websites or establishment that allows bitcoin as their currency for payment like business.