Bitcoin Betting

The Bitcoin betting industry is one of the most competitive industries in recent years as a result of the increase in the number of bitcoin betting sites. In reaction to this, bitcoin betting sites now offer mouthwatering bonuses and amazing features to lure more bettors to their betting sites.
Bitcoin betting is similar to betting with fiat currencies but with bitcoin only. It is the type of betting that allows bettors to bet with complete anonymity, low transaction fees, and faster deposit and withdrawal methods.
Below is a comprehensive guide as we discuss the notable features to help find the best bitcoin betting sites for gambling.

How do we rate online bitcoin betting sites?

The bitcoin betting sites are increasing day by day and players should consider some criteria when looking for online betting sites to bet at. They should go to the review section to check if the sites have more positive feedback. This will certify if they suit what the player wants an online betting site to look like. Below are some of the factors to consider when selecting the best Bitcoin betting sites.

Security & Licensing

Security and Licensing are very important criteria that bettors should consider before signing up with any bitcoin betting site. A licensed bitcoin betting site is more trustworthy because they are under the regulation of the gambling commission and you cannot be cheated without them being called to order. Security of the sportsbook should be a priority because an online betting site that can be easily hacked into is not worth giving a chance.

Website Design

A well-designed bitcoin betting site is very essential. A website that has outdated features, a confusing interface, and is not well designed will easily bore users. Betting sites should not only look better but also work better for customers to enjoy a good user interface. A good bitcoin betting website should support different languages. This will allow bettors with different language backgrounds to bet without being restricted by the language barrier.

Customer Support

This is one of the most important criteria to consider when selecting a sportsbook. A credible bitcoin betting site should provide 24/7 customer support service that will attend to the user whenever they encounter any difficulty. This would put users’ minds at ease knowing that there is a team ready to attend to their needs any time of the day.

Sports Accepted

Bettors would like to see as many sports betting opportunities as possible when choosing a sportsbook. A good website would have additional categories for gamblers to bet after betting on major sporting events. This will allow them to increase their profit and also have more fun.

Bonuses & Promotions

The best online bitcoin betting sites offer bigger bonuses and promos to customers than traditional sites. Most players like to be rewarded for playing so they expect sportsbooks to offer them attractive bonuses and promos which will help them increase their funds.

How to start betting

Before you can start betting, you need to have an account with a sportsbook, make a deposit and select your preferred wager. Below are the major steps to follow to start wagering.

Select a Sportsbook

The very first step to start betting is to decide on which sportsbook you are going to bet at. Several competitive gambling sites give you various options to explore and select the one that suits your interest best.
There are some factors to look out for when selecting a sportsbook which includes good customer support, attractive odds, welcome bonuses, promos, etc.

Register an Account

Once you have selected your desired sportsbook, the next step is to register an account with them. You’ll be required to provide your name and a valid email address. As soon as this information is verified by the bookmaker, you’re eligible to proceed to the next step which is to deposit to your account.

Deposit

Sequel to registering an account, the next step is to deposit to the account with your preferred mode of payment. Bitcoin betting sites accept several deposit options like bank deposit, PayPal, debit/credit card, eCheck, etc.
Once your payment is verified, you’ll be able to convert from your FIAT currency to Bitcoin and use it to place your bets.

Enjoy

The final step of this process is to withdraw your wins and enjoy. Some Bitcoin betting sites pay bettors in Bitcoin. This will allow players to hold their Bitcoin and sell when its price gets higher.

How to deposit with cryptocurrency

One of the major improvements made in the betting industry in recent years is that players can now place their bets with cryptocurrency.

Create an account at the site you’re interested in depositing at.

The primary step to take is to secure an account with your desired sportsbook. This account is where you make your initial FIAT currency deposit.

Choose the cryptocurrency you wish to use for your deposit.

The next step to take after creating an exchange account is to deposit your desired cryptocurrency. The cryptocurrencies used in crypto sports betting are Bitcoin, Ethereum, Litecoin, and other top coins, because they are more reliable than shit coins.

Send your crypto by either logging through your online crypto wallet, or by sending it to the crypto address displayed on the site.

A unique wallet address will be generated after creating an account with your sportsbook. This address is required whenever a transaction is initiated. Be careful to not miss any character because you may end up sending funds to the wrong address.

Wait for the transaction to be confirmed.

After completing your transaction, you can keep track of it on the blockchain and wait for confirmation. The deposit will reflect in your balance once the transaction is confirmed.

Popular sports at crypto sportsbooks

An online sportsbook has provided several sports for bettors to bet on. Bettors have different preferences when it comes to betting as they have different areas of sports specialization. Below are the popular sports that are most wagered on:

Football/Soccer

Bitcoin betting on Football/Soccer is similar to regular or traditional betting sites. The major difference is that players bet with cryptocurrencies at crypto sportsbooks while they bet with FIAT currencies at traditional
Football is one of the most popular games that is wagered on to earn profit. This is because it has varieties of competitions like the UEFA Champions League, German Bundesliga, English Premier League, and many more. Not only that it has varieties of competitions, but bettors can also earn a huge profit if they win their bet.

Basketball

Bitcoin betting on Basketball is very comparable to betting with traditional casinos with FIAT money. The major difference is that you can only bet with bitcoin on bitcoin betting sites and some other terms. Bettors place their bets on the game and if their outcomes are correct, they can cash out their wins or add them to their portfolio.

Boxing

Boxing is one of the most-known conventional combat sports. Betters have the opportunity to wager on professional or amateur boxing events. Though there are limited opportunities in boxing they come with huge odds for better cashout.

MMA

MMA is a newly introduced sport to bitcoin betting. Several MMA events have been introduced to bitcoin betting sites. Bettors are allowed to deposit their bitcoin to their sportsbook account and can place their bet without worrying about conversion before betting.

Tennis

Tennis is arguably the most popular type of individual effort game. Bitcoin betting on tennis is the most popular game among bettors after Soccer and Basketball. Bettors place their bet on which player to win or lose. In Tennis, there is no draw unlike in Football, bettors choose which player wins after several rounds.

Horse Riding

Horse Racing is one of the most conventional sports which dates back over a hundred years ago. Bitcoin Horse riding allows bettors to choose their horse breeds without having to physically attend the race event. Bookmakers provide bettors with odds that allow them to make huge profits from their bets. Bitcoin bookmakers also provide several bonuses to players when they place bets on horse riding events.

Global Sporting Events

Several sporting games are being played across the world in different game events. Bettors are open to betting on tournaments like the FIFA world cup, Olympic games, Super Bowl, and many more.

eSports

Esports betting is one of the fast-growing in popularity in the betting industry. It is similar to betting on traditional sports just that eSports games are majorly video game competitions. The growing popularity of eSports has made most betting sites adapt quickly. Bettors have variations of games with different levels to bet on varying from the amateur level to the professional level.
FAQ Section

Are bitcoin sports betting sites safe?

Yes, bitcoin sportsbooks are safe. This doesn’t generalize all betting sites are safe to bet on as there are sites out there that pose as legit ones but they are unfortunately not. Bettors should make a background check on any betting site they are willing to bet with.

Is Bitcoin gambling legal?

The legality of bitcoin betting has no precise answer but it depends on the location and the laws of the area. Bitcoin gambling is not entirely legal but most countries allow bettors and betting sites to operate with some rules and regulations to abide by.

Do Bitcoin betting sites offer bonuses?

Definitely! Bitcoin betting sites give attractive and rewarding bonuses to players. There are unlimited bonus offers available to customers from the welcome bonus to deposit bonus and many more.

Are Bitcoin betting site withdrawals instant?

Most betting sites do not make instantaneous payments to players because there are blockchain verifications that must be certified before payments can be made. This takes some minutes, usually 10 to 15 minutes, for the transaction to be completed.

Conclusion

There are several factors to put into consideration. Reputation, good odds, reliable customer support, and many more are among the criteria to consider when going for any sportsbook.
We’ve discussed the steps on how to deposit cryptocurrencies and answered some FAQ questions relating to bitcoin betting.