BetOnline absolutely killed it in the sports betting banking space in the last year or so.
They were the first major operators to accept the Cardano (ADA) cryptocurrency and followed the support of Solana (SOL).
As two of the hottest crypto assets, it’s nice to be able to use ADA and SOL as a means of legally funding online betting.
However, there is still some debate about how smart Solana actually is as a crypto investment.
While the benefits of using SOL for sports betting are obvious (e.g., lightning-fast transfer times and the lowest native blockchain fees in the industry), it isn’t necessarily a better option than coins like Cardano, Ripple, or Stellar for online gambling.
On the trading and hodling side, the benefits are even less clear.
It is true that Solana has seen tremendous growth over the past 12-15 months, increasing its value by almost 20,000% from its all-time high.
However, there has also been a pretty significant drop from this ATH, and new crypto users might be put off by the price of a single Solana coin compared to the price of a single Cardano coin, Ripple coin, Stellar coin, etc.
Crypto users – especially new crypto users – might also be put off by the fact that the Solana network appears to have a history of going offline for long periods of time.
The SOL network first went out on September 14, 2021 and remained inaccessible to traders for 17 hours.
This morning the Solana network went down again, allegedly as a result of a DDoS attack. That doesn’t look good for any crypto platform.
So, being crypto enthusiasts ourselves, we still think ADA is the better buy.
But we’ve covered all of this in detail in previous articles.
Biggest news on the financial side of online sports betting today is that BetOnline Sportsbook is now supporting Interac Online.
However, if you live in the United States, Interac support is probably meaningless to you. However, if you live in Canada it might be a pretty big deal.
Canadian sports bettors who are members of the following banks can use Interact to make deposits at BetOnline:
- Royal Bank of Canada (RCB)
- Bank of Montreal (BMO)
- Toronto-Dominion Bank (TD)
- Scotiabank (Scotland)
In addition, various Canadian credit unions can also use the Interac platform for sports betting deposits, provided that the cards issued by these CUs do not have Visa or Mastercard logos.
No card with the Visa or MC logo will work with Interac at BetOnline.
As for the limits, Interac deposits have a minimum of $ 20 and a maximum of $ 2500 and you can claim all of the standard BetOnline sports betting bonus options.
Note: While SportsBetting AG is a sister site of BetOnline, SportsBetting AG does not currently offer Interac support. We expect this to change in the near future as BetOnline is usually the first to introduce new payment methods before other brands follow suit under the same roof. Additionally, players in the United States may not see the Interac deposit option when logging in from US-based servers, even if their account was originally created in Canada.
Regardless, we recently came across a betting line that probably deserves its own story, but we feel compelled to include it here anyway because it makes absolutely no sense:
The Iron Sheikh is now featured on the odds boards for the Bovada presidential election.
The Iron Sheikh was added at +500000 to be elected President of the United States in 2024 # Sheik2024 🇺🇸 🗳 -> https://t.co/NleBnWXQjD https://t.co/eeHXwZvYiV
– Bovada (@BovadaOfficial) December 31, 2021
The Rock has a much better chance of winning, but who doesn’t want this guy to be president? He totally loves America!