Traits and Habits of Winning Bettors Bitcoin sports betting’s popularity is on the rise. The reason is that betting with Bitcoin allows us to keep some level of anonymity, and making bitcoin transactions is more secure than making transactions in fiat currency. But just because something is becoming popular, it doesn’t mean we’re good at it. In this blog, we discuss the traits that make successful sports bettors. Check out those traits and if you’re missing any of them, make sure to work on building strength in the missing trait. The Anatomy of a Successful Sports Bettor: Sports bettors that win are resilient All successful people, not just sports bettors, are resilient. One of the most resilient individuals in the history of the world is Warren Buffett. When you listen to the Oracle of Omaha speak, he tells stories of losing massive amounts of money on bad stock calls. Buffett got past the losses and eventually became the greatest stock picker of all time. Resiliency in sports betting means we don’t give up after a few bad beats. It means we get past those bad beats and live to bet another day. Being resilient requires all the other traits on this page, which is why it’s first on our list. The winning sports bettor controls emotions In life, we must show emotion at times. But when we bet on sports, it’s best to have zero emotion. Sure, it’s okay to celebrate wins, but when we decide what to bet and what not to bet, we can’t allow emotion to cloud our judgement. We aren’t quarterbacks on the field who use emotion to rally players. We’re calculating, investment opportunists looking to score profit on overlay plays. If we let emotion dictate our actions, we will fail.

Penis butter and bitcoin gambling go together like... Wait... How did this penis butter get everywhere?

Ten years in bitcoin and this is what we've need waiting for! A lot of great bitcoin vibes on Nostr...

Managing Risks When Betting with Bitcoin Before diving deep into the issue of bitcoins and volatility, it's important for us to define exactly what we mean by volatility. The term volatility comes from the world of stock investing. Volatility is simply a measure of how far the price of a security goes up or down from the average or mean. If a stock is volatile, it can have massive swings up or down. Options traders love volatility because they can use leverage to play a stock to go up via a call option or play a stock to go down via a put option. Sports bettors have a form of volatility measured by spread lines. If Dallas is a -6 favorite against San Francisco, the mean is -6 on Dallas. How far the spread goes up or down is the volatility measure of the Dallas versus San Francisco spread line. Why Bitcoins volatility is different from other forms of financial volatility Although created in 2008, the Bitcoin blockchain remains a relatively young asset. Bitcoin is more than an asset. It’s also a store of value, and it’s a currency that people utilize to buy goods and service, or in our case, to bet on sports and casino games. Because of the Bitcoin blockchain’s unique qualities, it’s volatility is a sign of strength, not of weakness. All forms of investment or currency utilization go through periods of volatility. Eventually, the currency, asset market, or security (Bitcoin qualifies as all three) stabilizes. Think of the housing market crash of 2009 followed by the housing boom and then a period of stabilization.

Lots of #NFL Survivor Pool Contests to choose from!! 👇 🗣️ 4.6 BTC($120,000) up for grabs!!! 🤑 Turn your mBTC Buy-ins into massive #BTC winnings!! ADD YOUR ENTRIES ➡️ http://n2g.io/75383c2

The Growing Popularity of Cryptocurrency in Horse Racing Betting Horseplayers have begun to step onto the crypto wave. Cryptocurrencies provide advantages to horse racing betting enthusiasts that fiat currency doesn’t. In this blog, we study some of the reasons the cryptocurrency trend is hot with horseplayers. Reasons Horseplayers are Turning to Cryptocurrencies Takeout percentages are rising Takeout is the percentage from each dollar bet on a horse. The specific racetrack determines the takeout. As one might expect, the more popular the race, like the Kentucky Derby or Breeders’ Cup Classic, often higher the takeout. At Churchill, as an example, the takeout went up to 22% for the Pick 5. Churchill has lowered the takeout to 15%, but even at 15% it starts to get difficult for horseplayers to make money. What this means is that the horses’ odds on the tote aren’t the true odds. Those are the odds accounting the takeout. Some tracks have gone all the way up to a 26% takeout on certain exotic plays. Win, place, and show takeouts are typically 15% to 16%. Rise in takeout percentage is important because to account for the takeout, horseplayers must save money where they can. Utilizing cryptocurrencies to fund horse betting accounts is a good way to save money. Horseplayers can’t afford fiat currency deposit fees Takeout is the percentage from each dollar bet on a horse. The specific racetrack determines the takeout. Utilizing fiat currency requires paying deposit fees. Deposit fees cut into profit. Horseplayers view deposit fees as a takeout add on, meaning not only must horseplayers account for the takeout but they must also account for deposit fees. As one can imagine, the more deposit fees, the harder it is to profit betting on the ponies. So to get away from exorbitant deposit fees, horseplayers are turning to crypto where they must pay a transaction fee of some sort to send crypto from their Coinbase or Cash App account to their racebook account. However, the transaction fee is much less than percentages tacked onto fiat deposits. So for horseplayers, using crypto makes more sense.

@nostrdirectory Verifying My Public Key: @BtcNitrobetting

Over 4.6 BTC in GTD prizes are up for grabs in our 2023 #NFL Survivor Pool contests! 😤🏈 GUARANTEED PRIZE: 4.6 BTC($120,000) 🤑 Survive all the way to win bitcoin ➡️ http://n2g.io/75383c2

2023 #FIBA #Basketball #WorldCup: Group Stage 🏀 Win $325 Extra Prize for Perfect Picks 🤑 ✔️ FREE ENTRY contest also available Submit your picks & check out other contests w/ extra prizes for perfect picks: http://n2g.io/a47381b

#UFC292 Women Strawweight Co-Main Event 👊 Amanda Lemos believes she hits harder than Weili Zhang. Can she KO the champ? Place your #BTC bets ➡️ https://n2g.io/75383c2

Check out our #NFL Preseason & #WNBA games Nitro Squares Contests!! 🏈🏀 $420 total prize up for grabs!! Submit your squares & try your luck ➡️ https://n2g.io/aaeacb2

You are invited to join our Nitro #NFL Survivor Pool Contests! 🏈 Survive and earn your way to win over 5 BTC GUARANTEED prizes! Full Contest details ➡️ https://n2g.io/d08d86e

Take the chance to join the FREE-TO-ENTER $600 GTD NFL Survivor Community Pool! All you have to do is: 1. FOLLOW @BTCNitroBetting 2. Reply w/ -NB ID Find out more about the contest: https://n2g.io/9f3899c Sign up here: https://n2g.io/9ca846b

IT'S FINALLY TIME‼️ 🏈✨ 🗣️ Take the challenge and compete in our NFL Survivor Pools for the 2023 NFL season! 🚨 Win a share of over $145,000 in GUARANTEED prizes 🤑 JOIN THE ACTION ➡️ http://n2g.io/75383c2

Join our 3 Nitro Survivor Contests for #NFL Preseason! 🏈 Win up to $600 worth of #BTC prizes!! 🤑 ADD YOUR ENTRIES ➡️ n2g.io/75383c2

Join our 3 Nitro Survivor Contests are up for #NFL Preseason! 🏈 Win up to $600 worth of #BTC prizes!! 🤑 ADD YOUR ENTRIES ➡️ http://n2g.io/dc21569

2023 #FIBA World Cup Group B Betting Odds 🏀 https://n2g.io/818e961

3 Nitro Survivor Contests are up for #NFL Preseason! 🏈 Win up to $600 worth of #BTC prizes!! 🤑 JOIN NOW ➡️ n2g.io/75383c2

2023 Cook Out 400 #NASCAR Odds & Prediction 🚗 https://n2g.io/3e1b8f7

2023 #FIFA Women's World Cup & #WNBA Picks ⚽🏀 Win $70 by hitting perfect picks! 🤑 JOIN NOW: n2g.io/75383c2