Top 3 Bitcoin Betting Sites
Bitcoin sportsbook brands have now carved a legitimate space in the online betting scene. We want to bring you some inside information on everything there is to know about Bitcoin betting.
Before we take a deep dive into the world of Bitcoin betting, let’s round up the latest top three Bitcoin sports betting sites for you to consider:
1. Gamdom
— Gamdom first found success in the eSports market, but by the looks of it, the company clearly… Read review
95%
| Sports Betting | Up to 60% Rakeback |
|---|
2. Betonline AG
— Betonline AG has built a stellar reputation among sports betting fans thanks to its “focus on the… Read review
93%
| Sports Betting | Up to 1000$ with your first deposit |
|---|
3. Cloudbet
— Cloudbet is one of the biggest names in the crypto sports betting industry, and as such, it… Read review
91%
| Sports Betting | 100% Matched Deposit up to 5 Bitcoin |
|---|
Can I Bet With Bitcoin on All Sports?
Sports betting at a Bitcoin sportsbook delivers the same wide variety of events as at any traditional online sportsbook.
Bets can be placed on a diverse range of sports, including the big ones like basketball, ice hockey, baseball, and football.
There are countless sports to choose from and even more leagues within those sports on which to place a bet.
You can wager on matches from any major football league:
- English Premier League
- Italian Serie A
- Brazilian Série A
- Spanish La Liga
- German Bundesliga
- Japanese J League
- French Ligue 1
- And other top leagues in the world.
Minor leagues are often included to deliver the full betting range. On top of that, multiple markets for each game add up to a great mix of options to explore and add to your strategy.
“Esports and virtual sports are also growing in popularity at Bitcoin betting platforms.”
Is Live Betting Available on Bitcoin Betting Sites
In-play betting is another name for live betting. This happens when you bet on a market for a game that has already started (this is where the “in-play” phrase comes from).
So, for instance, if a football game is in the second half. You could decide to bet on how many goals will be scored in the remaining minutes.
Live betting is often available on our recommended Bitcoin betting platforms.
Is There Bitcoin Spread Betting Available?
Some bettors out there may have heard the phrase “Bitcoin spread betting” and thought to themselves what it means. This is a big area, so we’ll lightly touch upon it for now.
So, what is Bitcoin Spread betting? It is a type of bet in which success or failure is determined by the accuracy of the “spread” provided by the bookie along with your forecast.
Your profit or loss while “buying” or “selling” the spread depends on how accurate your forecast was.
Examples of Bitcoin spread betting:
- First goal in a football match (spread = 23-26 minutes)
- Number of sixes in a cricket match (spread = 4.25-4.75 sixes)
- Number of games in a tennis game (spread = 20.3-21.3 games)
“The difference between this and fixed odds betting is that you might lose more than the amount you initially placed.”
The Benefits of Bitcoin Sports Betting
The key benefits of using Bitcoin sports betting sites reach far and wide. These include the ability to bet in complete anonymity, make payments almost immediately, and gain access to many betting markets.
The qualities of joining a Bitcoin sportsbook are broken down and described in depth below.
The Privacy Factor
To make a payment request at a Bitcoin sportsbook, you do not need to disclose any personal information. This includes your name, address, mobile number, credit card number, or ID or passport number.
On the vast majority of Bitcoin betting platforms, all you need, in addition to a Bitcoin address, is a valid email address. You can then move money around and claim wins.
“KYC is still necessary at some Bitcoin betting sites; therefore, ensure that you are aware of what to expect.”
Fair & Competitive Odds
A typical Bitcoin sportsbook provides excellent odds that are on par with traditional online sportsbooks.
There are a number of Bitcoin betting sites to choose from, so you could even open several accounts and compare odds to ensure you get the best return for your bet.
Enjoy Rapid Payments
Fast deposits and cashouts are a feature of Bitcoin sites. This is a great option if you want to make a quick bet and the game is about to begin.
Likewise, if you win a big sum of Bitcoins when betting, it’s convenient to have the funds transferred to your Bitcoin address without delay.
Bitcoin Betting Bonuses
Sites that accept Bitcoin frequently provide deposit bonuses that are larger than those offered by traditional online bookies.
100% deposit bonuses of up to 5 BTC are one such example. You can receive the full bonus at a rate of 0.01 BTC every time you reach a loyalty point marker.
Are There Any Disadvantages to Bitcoin Sports Betting?
B3tcoin has been in the business long enough to know that not everything is perfect. We bring you some of the more common topics that you should be aware of when you bet with Bitcoin.
Security and Personal Mistakes
The freedom that comes with Bitcoin does come with the responsibility of securing your own account and bearing the consequences of any mistakes you make.
If you send Bitcoin to an incorrect address, the loss is entirely your responsibility.
The responsibility is also on you if someone is able to access your crypto funds because of a weak password.
Furthermore, you risk losing all of your money if the cryptocurrency exchange you are using is hacked or goes bankrupt (for real or otherwise disappears).
“It goes without saying that you should take caution with Bitcoin and other cryptocurrencies. To a large extent, it depends on you, so let us help with our Bitcoin sportsbook experience.”
Fluctuating Value of Bitcoin
Everyone is aware of the volatility that Bitcoin and other cryptocurrencies may have when linking to the fiat exchange rates.
We know that one Bitcoin is always going to be one Bitcoin. However, the fact that a 100 Dollar investment in Bitcoin may be worth 75 or 150 Dollars the week after can cause some bettors to worry.
Forecasting the price is extremely difficult, even for experienced traders. However, this is a reality you must accept if you decide to bet with bitcoins.
Lack of Bitcoin Sportsbook Regulation
Online betting sites that focus on cryptos are not yet eligible for gaming licenses from the likes of the Malta and UK gambling licensing agencies.
Therefore, licenses from other countries, such as Curacao, are recognized in the field of Bitcoin betting. Care should always be taken, regardless of if licensing is in place.
This is exactly why trusting our recommendations can take the guesswork out of your search for the next best Bitcoin sports betting site.
“Currently, there is no license provided specifically for crypto gaming. But whether or not this changes in the future is something we will keep an eye on.”
Other Important Features of Bitcoin Betting
| Bitcoin Betting Feature | B3tcoin Explanation |
| Competitive Odds | The odds offered at Bitcoin sports betting sites are consistent with those of the industry – sometimes better. All odds are determined using a variety of different statistical variables. Therefore, it is irrelevant what money is used to make a wager. As a result, there are no drawbacks to using Bitcoin for your initial sportsbook payment. |
| Bitcoin Betting Bonuses | Bettors can still find Bitcoin and crypto promos like acca boosts, higher odds on specific games, and free bets. The exact lineup of bonuses depends on the sportsbook. Regular changes may be made to the promos that are currently active. This is why it’s useful to read through our reviews and find the latest Bitcoin deals. |
How to Choose the Best Bitcoin Betting Site
Many people have trouble deciding which Bitcoin betting site is the best for them. It’s not hard to see why. There are many new sites emerging, and finding ones to trust is difficult.
Our aim is to keep you connected to respectable Bitcoin sports betting sites, so you can choose freely.
- Discover legit Bitcoin betting sites using B3tcoin’s guides, reviews, and expert advice.
Take a look at the top-ranked Bitcoin sportsbook brands, and you can relax knowing that you’ll be treated fairly at each one.
Since we don’t endorse fraudulent businesses, all you have to do is pick a site that meets your requirements and then use our B3tcoin links to join.
Bitcoin Betting – Is it Legal?
Simply said, yes. Bitcoin and other cryptocurrencies can be used without breaking any laws. Despite cryptocurrency’s early stage as a payment system, the blockchain is a viable means of exchanging currency.
The lack of regulation means some people may feel concerned about using it for online betting and gambling in general.
To understand how Bitcoin works and why it is legitimate, it is helpful to think of it as a modern version of PayPal:
- PayPal revolutionized money management by processing government-backed currencies.
- Cryptocurrency, a new financial technology, is disrupting the business again.
- PayPal is now on board with the cryptocurrency trend, enabling its customers to buy, trade, pay, and manage cryptocurrencies such as Bitcoin.
Frequently Asked Questions (FAQ)
Bitcoin sports betting is the best for beginners. It’s the easiest one to buy and manage. You can move to other options later.
It depends on your betting preferences, such as sports, bonuses, and betting markets. We suggest you look through our recommendations to find the best sites if you want to bet with Bitcoin.
Yes, there are many welcome packages and deposit bonuses linked to Bitcoin betting deposits. Keep updated with our latest deals here at B3tcoin.