Tether Betting sites

What is Tether and why is popular at online bookmakers?

Tether is a cryptocurrency – but before we can explain further, it might be best to talk a bit about what a cryptocurrency is. You see, most currencies in the world are tied directly to specific banks and institutions – the US dollar is tied to the Federal Reserve, the Euro is tied to the European Central Bank, and so on. This means that most cryptos aren’t regulated at all, meaning their value is solely dependent on how much people are willing to pay for them. If a ton of people are buying, and not many are selling (in other words, demand is high, supply is low), then the price will skyrocket. That’s precisely why we’ve gone from 100 Bitcoin being just enough for a few pizzas to 1 Bitcoin being worth tens of thousands of dollars.

While this is good for short-term gains and investments, it’s not very healthy for the life of a currency – that’s why all fiat currencies are very closely monitored, and often tied to real-world things (like the value of gold) to make sure their price won’t skyrocket. But while fiat currencies have this advantage, crypto currencies have others, like unregulated, global access. Literally nobody can stop you from buying or selling things using Bitcoin no matter where you live – it’s about as free as a currency can ever get!

So, what if we could have the best of both worlds? What if we could have the freedom and privacy that crypto currencies offer, but without the volatility that is inherent to their design? Well, that’s precisely what Tether does! As its name suggests, Tether is, well, tethered to the value of the US dollar – when that decreases or increases, so does the value of Tether as a currency. This makes Tether one of the most stable cryptos out there, all without sacrificing the many advantages that crypto currencies offer over their fiat counterparts.

Football betting

Come on, admit it – you came here specifically to hear us talk about betting on football with Tether, didn’t you? After all, football is one of the most popular sports out there, and betting on it is arguably the single most commonly adopted gambling activity. It’s no wonder that a lot of people would flock to a new and convenient payment method like Tether whenever a new major event begins, like the Premier League or Bundesliga! If anything, crypto’s international nature helps connect football fans around the world far more than ever before!

Tennis betting

Tennis may not be as popular as football, but make no mistake – its matches (and betting on them) can be just as exhilarating! Whether you’re betting on the WTA, ATF, or another big or small tournament, there’s nothing quite like seeing two athletes match skills one-on-one. Not to mention, the structure of each match gives players plenty of opportunity to bet on various aspects (betting markets), which is something that a payment method like Tether lends itself to quite nicely!

Esports betting

Tether is an electronic currency, so really, what better thing to gamble on with it than esports? Okay, okay, we might be finding connections where there are none, but come on! Esports betting has absolutely blown up in the last few years, especially in crypto casinos! Big tournaments like Dota 2’s The International and Counter-Strike’s ESL Pro bring thousands upon thousands of gamblers in front of their screens, watching e-athletes at their very peak while also placing bets in real time with live betting. Although there’s no rule saying you have to bet on esports with Tether, it sure brings things full-circle in a way, doesn’t it?

Horse Racing betting

Horse racing’s popularity has surprisingly dropped in recent years, replaced by many other gambling pastimes like football and esports. But make no mistake: just because horse racing is a little down doesn’t mean it’s out, not by a long shot! In fact, many sports betting sites are now offering players the chance to stream the races live while they bet, and, as you can imagine, a lot of these places also offer punters the opportunity to place wagers using crypto! But regardless of whether you’re using Tether to bet on horse racing or a more traditional currency, chances are this sport isn’t leaving our lives any time soon!

Tether taxes

It’s a little difficult to discuss Tether’s taxes in an objective capacity because, much like with any other crypto, the fees that you’ll have to deal with when depositing or withdrawing via Tether will depend entirely on the site that you’re playing at. Tether itself has no taxes, it’s just a currency – might as well ask “what are the fees for depositing in euro?” Instead, the right question to ask is “what are the fees for the bookmaker in question, as well as the service you’re using to buy and sell tether, if any?”

Most online bookies will not charge a fee for deposits and withdrawals with Tether, as they don’t really pay anything when initiating that type of transaction. However, that Tether you’d get from a withdrawal is useless unless sold, in most of the world you can’t use it to buy groceries or pay your bills. As such, you’ll need to use a third-party marketplace where you can sell it, and that can get pretty pricey. A lot of sites will charge you a reasonable and low percentage (under 5%), but some can get as high as 10%. As such, we recommend that you do your research and pick a marketplace with low, user-friendly taxes!

Tether global coverage

One of the biggest advantages of Tether, and of crypto coins as a whole, is that they aren’t limited by… well, anything! Where other financial institutions need to comply with regulations, local and international legislature, sanctions, etc, crypto doesn’t abide by any of these rules. You could use Tether to send cash to someone in North Korea! We wouldn’t recommend it, of course (their online bookmakers are terrible, as Kim-Jong Un always wins the basketball matches), but technically, you can do it.

This means that as long as the bookie you’ve chosen accepts Tether, as well as players from your country, chances are practically 100% that you’d be able to use Tether to deposit. In fact, we’ve seen bookies that don’t accept any payment methods for players in certain countries except for crypto, including Tether! It truly is a global way to pay, without borders or restrictions.

New bookmakers accepting Tether

We’ve recommended quite a few betting sites that accept Tether over the course of this comprehensive overview, wouldn’t you say? However, new sites keep popping up all the time, at a rate that no mere human could ever hope to achieve! So, why try? After a brief consideration, we’ve decided to give up this real estate to our machine overlords for your benefit! The list below will automatically update with the latest and greatest Tether bookmakers straight as we review them!

Bottom line

When it comes to crypto bookmakers, Tether is undoubtedly a fantastic option, and one that should satisfy a great number of players! Its speed is on par with many of the fastest coins out there, and on top of that, the fact that its value is tied directly to the US dollar ensures that you’ll never find yourself in a situation where you’re withdrawing significantly less than what you won. Overall, it’s a stable, solid choice for crypto – no wonder so many players are picking it!

With that said, Tether isn’t perfect, and it has distinct disadvantages over other currencies. It’s not as fast as something like Litecoin (even if we’re talking about seconds here, possibly even less), and the fact that it’s “tethered” to the US dollar means its price can’t skyrocket the way Bitcoin’s has, either. And in the unlikely (yet still possible, especially given how things are going) event that the dollar crashes and burns, Tether goes down with it. It’s inevitable. The two currencies are intrinsically linked.

If even after all that you feel like the pros outweigh the cons, then you’re probably right. As stated, Tether is a solid currency, and you could do a lot worse than pick it for your deposit!