Betting and gambling in general are not just entertainment. It is not just a way for an additional income. It is not a means to an end. It is a need. A need that must be met. And just like any other need, there’s a whole industry formed for the specific purpose of doing just that. The reasons behind the need (and consequently the demand) are not a point to discuss in this article. What will be explored are the ways that the economics and finances of the trade work. It’s an investment like any other, expecting a return of greater value, and sports betting beginners need to know how to conduct themselves.
Every method works if the price is paid
More or less, betting establishments accept all sorts of methods that an account can be funded. From the most traditional bank transfers to the use of cryptocurrencies, to credit cards, to turning to electronic forms of payment through e-wallets. The differences between the various methods lie in the fees to be paid for the transaction and the time it will take for the money to be transferred.
It is well-known that banking systems and the way that cryptos are managed, even via an immediate execution of the order, charge the highest fees for the service, while it takes more than 24 hours for the transaction to be completed. A little better are the charges when credit cards are used while in most cases the process is immediate.
E-wallets are better
Skrill, Neteller, Ecopayz, Jeton, Muchbetter and the rest of the solutions for electronic forms of money transfers are first and foremost immediate. It is very rare to almost non-existent happenstance that any order will take more than a few seconds to be processed. And if it happens it is most likely a matter of error in the order or a technical glitch than a result of the procedure itself.
Furthermore, lately, there are very little to no fees charged for funding gambling accounts. If there are any, they are much less than the amounts that people pay when they use any of the other methods. And that’s a decisive advantage as far as the punters themselves are concerned.
It could be argued that what we discussed above may not be valid when it comes to withdrawing funds. In fact, it’s a notice that can be found in all references to e-wallets that the transactions may take up to 24 hours. While, it may be true, it is not a matter of the process itself. It’s a matter of the gambling houses as they need this amount of time to settle the bets and determine which ones are won and which are lost.
Another reason to go Asiatic
It is also a regrettable fact that in the continents of the western world, the legislation for the regulation of money transfers can be quite rigid even through e-wallets. A condition that does not really exist when it comes to the best Asian bookmakers, since it is very little to no oversight on this issue. For the punters, it is heaven. But it is not so for the general financial management due to the lost revenues.
What people who gamble want, is the freedom to do so without unreasonable restrictions. It is quite reasonable to want to protect people from addiction and the possibility to lose one’s property. That’s why there are links to turn to for help on the subject. But it is not reasonable to try to limit people from betting altogether. And this issue is resolved best via the use of e-wallets.