Welcome to the world of Bitcoin sports betting! Are you ready to combine the excitement of sports with the innovation of cryptocurrency? Regardless of whether you’re a seasoned sports fan or new to the game, this guide is here to help you learn everything you need to know to beat the odds at top BTC betting sites.
Here are all the key concepts I’ll cover in this article:
- Discover the top Bitcoin betting sites that offer secure platforms, diverse sports action, and anonymous transactions.
- Explore a wide range of sports you can bet on, from classics like football and basketball to niche options like eSports and MMA.
- I’ll also dive deep into the realm of sports betting with insights into the types of sports bets you can make, from Moneyline to Parlay and everything in between.
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Pros of Bitcoin Sports Betting
The main benefits are anonymity, almost instant deposits and withdrawals, and a wide variety of betting choices at online gaming sites. Here are the unique features of Bitcoin explained in more detail.
- Anonymity: Bitcoin transactions provide a higher level of privacy and anonymity compared to traditional payment methods, allowing you to bet without revealing personal information.
- Quick Transactions: Bitcoin transactions are usually faster than traditional banking methods, enabling swift deposits and withdrawals.
- Global Accessibility: Bitcoin is a borderless currency, enabling you to access sports betting sites from anywhere in the world, regardless of local regulations.
- Low Fees: Bitcoin transactions often come with lower processing fees compared to traditional payment methods, allowing you to save money on transactions.
- Exclusive Bonuses: At many Bitcoin sports betting sites, you’ll find exclusive bonuses and promotions for using crypto.
Cons of Bitcoin Sports Betting
As with all things, with every upside to Bitcoin sports betting, there is also a downside. Here are some of the disadvantages of Bitcoin betting you may encounter.
- Price Volatility: Bitcoin’s value can be volatile, which means that the amount you deposit could change significantly in a short period, affecting the potential value of your bets.
- Learning Curve: If you are unfamiliar with crypto, the process of buying and using Bitcoin may involve a learning curve that requires time and effort.
- Limited Regulation: The decentralized nature of Bitcoin can lead to a lack of regulation in the online betting sphere, potentially exposing you and your crypto to risks.
- Fewer Betting Sites: While the number of Bitcoin betting sites is increasing, they are still fewer in number compared to traditional betting sites, limiting the variety of options available.
- Technical Issues: Cryptocurrency transactions are digital and reliant on technology, making them susceptible to technical glitches, hacking, or human error.
Top Sports to Bet On at Bitcoin Betting Sites
There is a huge variety of sporting events you can place wagers on at top Bitcoin betting sites.
You’ll find a wide array of sports offered for you to place wagers on at top Bitcoin betting sites, including the most popular sporting events worldwide. These sports offer diverse betting opportunities, ranging from traditional match outcomes to more specialized bets, ensuring you a thrilling and engaging experience, no matter which platform you choose.
- Football (Soccer): Football is the world’s most popular sport. Bitcoin betting sites offer you a wide range of markets, from domestic leagues to international tournaments.
- Basketball: With its fast-paced action and widespread popularity, basketball offers numerous betting opportunities. This list includes NBA games, European leagues, and the Olympics.
- American Football: American Football, especially the NFL, is highly popular among bettors. Bitcoin betting sites offer various bet types, including point spreads, over/under, and player-specific bets.
- Tennis: Tennis provides a consistent stream of events throughout the year. From Wimbledon to the US Open to the French Open and more, tennis is a favorite for sports bettors.
- UFC: The elite of MMA fighters from all corners of the world will fight inside the UFC Octagon. With stars like Jon Jones, Conor McGregor, Alex Pereira etc, the UFC has become a very popular sport for bettors. Rounds, knockouts or rear naked choke? Place your bets and watch the action live.
- Esports: The rapidly growing world of esports has gained significant traction in the betting community. Bitcoin betting sites offer wagering options on popular esports titles like League of Legends, CS:GO, and Dota 2.
You’ll also find an ever-expansive list of lesser-known sports at Bitcoin betting sites, including:
- Darts
- Gaelic Hurling
- Stock Car Racing
- Greyhounds
- Chess
More Than Just Sports
Besides sports, there are also Politics, Music, and other types of Entertainment. Did you know you can place bets on the US Presidential Elections? How about the Academy Awards? You can even place bets on the Eurovision Song Contest.
As you can see, there is so much to enjoy, and just like the casino world, it keeps evolving.
Where to Find the Best Odds
Knowing where to find the best odds is never 100% fool proof. Why? Because while one sportsbook may have the best odds on the NFL or MLB, another one offers the best odds when it comes to the English Premier League or the UFC.
Considering there are as many as 38 different crypto sportsbooks on our list, you can imagine having to scour through each and every one of them before each bet can be a bit time consuming. I would say to narrow it down to 4-5 of your favorite sportsbooks and compare their offer before deciding which one to go with.
Often the difference in odds can be a tiny 1.57 compared to 1.58 or 1.59 for example. If that’s the case, I don’t think it’s worth switching sportsbooks if you’re both familiar and comfortable with the one you usually go with.
For my Thursdays Picks of the Week articles, as far as finding the best odds go, I would say the sportsbooks I most often turn to are:
These are some of the biggest and most popular sportsbooks on the market. If you want a full list of bitcoin betting sites, check out the list below:
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Types of Sports Bets at Bitcoin Betting Sites
If you’re new to sports betting, the initial apprehension is natural, but rest assured, it’s simpler than it seems. Once you grasp the basics, you’ll realize that most bets are as straightforward as playing slots.
Even if sports aren’t your thing, placing a wager on a match can inject excitement into any game. The added potential to win significant money based on outcomes makes it an exhilarating experience.
There’s a bet for everyone; it’s about understanding their names and where to find them. I’ll guide you through some of the most popular bet types so you can confidently navigate them.
Ready? Here’s a rundown of the commonly favored sports bets.
Read on to learn more about how to play the odds at Bitcoin betting sites.
Moneyline Bets
Moneyline bets are ideal for both beginners and experienced bettors. In essence, a moneyline bet revolves around predicting the outcome of a game or event. The focus is solely on who will emerge as the winner.
When placing a moneyline bet, you’re essentially selecting a team or participant you believe will win the game. Each team or participant is assigned odds, indicating their likelihood of winning.
Examples of Moneyline Bets
Let’s take a look at what a moneyline bet looks like in practice.
American Football Match: Let’s say there’s a football match between the New England Patriots and the Tampa Bay Buccaneers. The odds for the Patriots are -150, while the odds for Tampa are +200. A bet of $150 on New England would yield a profit of $100 if they win, while a $100 bet on Tampa Bay would lead to a profit of $200 if they emerge victorious.
Tennis Match: In a tennis match, Carlos Alcaraz has odds of -250, and Novak Djokovic has odds of +300. A $250 bet on Alcaraz would result in a $100 profit if they win. Conversely, a $100 bet on Djokovic would lead to a profit of $300 should they secure the victory.
Understanding Positive and Negative Odds:
Positive Odds (+): Positive odds indicate the potential profit from a $100 bet. For example, +200 odds mean a $100 bet could lead to a $200 profit if successful.
Negative Odds (-): Negative odds indicate the amount you need to bet to earn a profit of $100. Such as, in the football example, -150 odds require a $150 bet to yield a $100 profit.
Point Spread Bets
Unlike moneyline bets that focus solely on picking a winner, point spread bets involve predicting the winning margin between two teams. This type of bet is especially popular in sports with varying levels of competitiveness, where one team may have a clear advantage over the other.
Point spreads are essentially handicaps assigned to each team to level the playing field and make both sides equally attractive to bettors. The favorite is designated with a negative point spread, while the underdog receives a positive spread. The favored team must win by more than the spread to cover, while the underdog can win outright or lose by less than the spread to cover.
Examples of Point Spread Bets
Here are two examples of point spread bets in practice.
Basketball Game: Imagine a basketball match between the Los Angeles Lakers and the Boston Celtics. The point spread for Los Angeles is -7.5, and for Bostom, it’s +7.5. If you bet on the Lakers, they must win by 8 points or more to cover the spread. If you bet on the Celtics, they can lose by up to 7 points and still cover the spread.
Football Match: In a football game, if Barcelona has a point spread of -3.5 and Real Madrid has +3.5, a bet on Barcelona requires them to win by at least 4 points to cover. On the other hand, a bet on Real Madrid means they can lose by up to 3 points and still cover the spread.
Understanding the Vigorish (Juice):
Bookmakers charge a commission or vigorish on point spread bets, typically around 10%. This means if you bet $110 and win, you’ll receive $100 profit. If you lose, you lose the entire $110.
Over/Under Bets
Over/Under bets are also known as total bets. Here, you are predicting whether the combined score of both teams will be above or below a predetermined total set by the sportsbook. This type of bet focuses less on the outcome of the game and more on the total points or goals scored.
In an Over/Under bet, the Bitcoin betting site sets a total score for a game, and you have to decide whether the actual combined score will exceed (over) or fall short of (under) that total.
Examples of Over/Under Bets
Let’s look at two examples of Over/Under bets in practice.
Soccer Match: Consider a soccer match with an Over/Under total of 2.5 goals. If you bet the over and the final score is 2-1, the combined score is 3 goals, and your bet wins. If you bet the under and the score is 1-0, the combined score is 1 goal, and your bet wins.
Basketball Game: In a basketball game with an Over/Under total of 215.5 points, if the final score is 110-105, the combined score is 215 points. If you bet the over, your bet wins. If the final score is 105-100, the combined score is 205 points, and your under bet wins.
Understanding the Odds and Strategies:
Like other types of bets, odds accompany Over/Under bets. If the sportsbook predicts a high-scoring game, the over may carry lower odds, while the under could have higher odds. Bettors need to consider team strengths, playing conditions, recent performances, and game dynamics to make informed decisions.
Parlay Bets
Parlay bets are also known as accumulators or combo bets to sports bettors. This type of wager allows you to combine multiple individual wagers into a single bet. It’s a high-risk, high-reward approach where the potential payout increases as you add more selections to your bet slip.
In a parlay bet, you choose two or more individual bets from different games or events. These selections are combined into a single wager. All chosen outcomes must be correct for your parlay to win. Even if one selection loses, you will lose your wager. However, if all your selections are correct, the payout can be significantly higher compared to individual bets.
Examples of Parlay Bets
These types of bets are only recommended for the most seasoned sports bettors. However, let’s take a look at a couple of examples to give you a better idea of what this means.
Football and Tennis Parlay: Imagine you’re betting on a NFL football match where the Carolina Panthers win and a tennis match where Coco Gauff wins. If both outcomes happen as predicted, your parlay wins. But if either the Panthers lose or Coco Gauff is defeated, the parlay is lost.
Hockey and Baseball Parlay: Let’s say you’re betting that the Hurricanes win a NHL hockey game and that the Yankees win a MLB baseball match on the same day. If both teams triumph, your parlay wins. However, if one team loses, your parlay is unsuccessful.
Unlocking Bigger Payouts:
The appeal of parlay bets lies in their potential for substantial payouts. As each selection is added, the odds multiply, leading to larger potential winnings. However, this also increases the risk, as a single incorrect prediction can result in losing the entire bet.
Proposition (Prop) Bets
Proposition bets, or prop bets for short, go beyond the final outcome and let you engage with various aspects of the match. In a prop bet, you’re not betting on the overall outcome of a game but rather on a particular occurrence within it. These occurrences can vary widely, from player statistics to in-game events. Prop bets can encompass individual performances, team statistics, halftime occurrences, and much more.
While prop bets provide a unique and nuanced betting experience, they also require careful consideration. Analyzing player form, team strategies, historical data, and the nature of the event is essential to making informed prop bet choices.
Examples of Prop Bets
Here are two common examples of prop bets you might encounter at top Bitcoin betting sites.
Basketball Rebounds: You might bet on a basketball player’s total number of rebounds during a game. If the player collects more rebounds than the set line, your prop bet wins.
Soccer Yellow Cards: Let’s say you’re wagering on the number of yellow cards given during a soccer match. If the actual number of yellow cards surpasses or falls below the set line, your prop bet outcome is determined.
Customize Your Experience:
Prop bets cater to a wide range of interests and preferences. You can choose bets that align with your knowledge, passion, and understanding of the game or event, creating a unique and personalized betting experience.
Get the Best Bitcoin Betting Odds and Promotions at BCK
Every Thursday, I will post an article where I share my picks of the week with you, keeping you in the loop of what major sporting events are coming up. I personally scour every betting site to locate where you can find the best betting odds.
Additionally, a number of sportsbooks offer limited-time betting promos, so you can find them here as well. If you haven’t bookmarked the BCK new page yet, do so now. This is the best way to stay up to date on the best Bitcoin betting odds and promotions at top sportsbooks.
Can you bet with Bitcoin?Absolutely, you can bet with Bitcoin. Many online betting sites and sportsbooks now accept Bitcoin as a form of payment for placing bets. This provides a secure, convenient, and often faster way to engage in sports betting and other forms of online gambling. How to place Bitcoin sports bets?To place Bitcoin sports bets, follow these steps:
Choose a reputable Bitcoin betting site or sportsbook.
Create an account and deposit Bitcoin into your account.
Browse the available sports and select the match you want to bet on.
Choose the type of bet (Moneyline, Point Spread, Over/Under, etc.), set your stake, and confirm the bet. Where can I bet on sports with Bitcoin?You can bet on sports with Bitcoin at various online sports betting platforms and Bitcoin sportsbooks. Look for reputable and licensed sites that offer a wide range of sports and betting options. Some popular options include Trust Dice, FortuneJack, and Stake. What sports can I bet on with Bitcoin?You can bet on a wide range of sports using Bitcoin, including but not limited to football (soccer), basketball, American football, tennis, and eSports. Bitcoin betting sites offer a variety of sports options to cater to different interests and preferences. What is the best Bitcoin wallet for sports betting?The best Bitcoin wallet for sports betting depends on your preferences and needs. Many users prefer using a secure software wallet like Electrum or hardware wallets like Ledger Nano S/X for added security. These options offer robust protection for your funds while providing easy access for your betting activities.FAQ
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