Apologies if this has been covered 1000 times before... Im extremely new bitcoin and only used to traditional bookmakers. I see all this talk about bitcoin sports books only needing a user name and password to deposit and withdraw(also see quite a few that do require KYC too). My question is about these sports books that have no KYC requirements but might offer say a matched deposit bonus. What stops someone from signing up, using that bonus and then signing up another new account using a VPN and getting the bonus again? Thankyou
Because most of these bonuses arent straightforward for gambling sites that dont require KYC. You cant just deposit -> get bonus -> cash out bonus+deposit. You have to basically earn those deposit bonuses. They become a little extra incentives while you carry on with your normal gambling and are released in phases. Generally, you have to wager 4-10 times the deposit amount for the bonus to unlock, which defeats the purpose of making an extra new account(at the start at least). You could create a new one once you have claimed all the bonuses after wagering. Hope this helps understanding how the bonus systems work. GL. 