Market Depth Trumps Coverage in Crypto Sportsbooks
Crypto sportsbooks are often touted as having extensive coverage of various sports and competitions. However, a closer look at market depth reveals that this may not always be the case.
Market depth refers to the number of ways bettors can wager on a single fixture once it's opened. While some platforms advertise 50 or more sports, others may only offer a handful of markets on a given match.
A key difference between coverage and depth is that adding a new sport requires significant investment in data feeds and rules, whereas increasing market depth involves pricing dozens of correlated markets and managing liability across them.
The article examines five crypto sportsbooks, Dexsport, Vave, Stake, Cloudbet, and Thunderpick, to compare their coverage and market depth. While some platforms excel in one area or the other, none excel in both. The ranking highlights the importance of considering market depth when choosing a sportsbook.