The demand for crypto casinos is growing, and so is sports betting. However, only some crypto sports betting sites are legit and secure. So, if you do not want to lose your money, find the best betting sites with fantastic user experience, good reviews, easy deposits, and withdrawal methods.
This article looks at the following aspects of crypto sports betting sites:
- The advantages of choosing them
- How to select the best ones
- Top-rated exchange to use
- Future of crypto betting
Let’s dive in.
What Is Crypto Sports Betting?
Following the success of the first cryptocurrency Bitcoin (BTC), many other cryptocurrencies also integrated into the mainstream. Over the years, cryptocurrency markets have grown exponentially with a wide range of cryptocurrencies like Bitcoin, Bitcoin Cash (BCH), and other Altcoins (ALT). Cryptocurrency users find various applications of these digital coins. And, one such application of cryptocurrencies is crypto sports betting.
Rather than fiat currency, cryptocurrency like Bitcoin is used for wagering on the outcome of a sport in cryptocurrency betting. Online cryptocurrency sports betting is a form of gambling where online casino players place crypto bet on the outcome of sporting tournaments and matches (virtual or real-time.) While certain best crypto betting sites are cryptocurrency-only platforms, others support fiat money transfers as well.
Most of the top online casino platforms feature a crypto sportsbook section owing to the growing popularity of sports betting with cryptocurrency. Some of the best crypto sports betting sites also enable different sports betting cryptocurrency options like future bets, prop betting, etc. Such sports gamblers, thus, can choose a crypto gambling site based on the preferred cryptocurrency and betting options.
How to Bet On Cryptocurrency Sports Betting Sites?
The best sports betting crypto site enable gamblers to bet using crypto transactions. In fact, the top sportsbooks online accept different cryptocurrencies for funding the players’ accounts. These best cryptocurrency betting sites allow gamblers to make cryptocurrency withdrawals and deposits.
Betting on cryptocurrency sports betting sites is quite simple and also convenient. Based on the type of cryptocurrency token, bettors can benefit from the advantages offered by these crypto coin networks. For instance, most digital coins offer the advantage of anonymity.
Another reason for the growing popularity of cryptocurrency sports sites could be the lightning-fast withdrawals and deposits. A larger selection of sports events and virtual dealer games like Dota 2 that can be wagered may be yet another reason.
Most importantly, however, it is the convenience offered by the cryptocurrency that drives many to participate in crypto betting.
The sports betting industry is quite large for numerous bettors interested in various kinds of matches, tournaments, etc. Certain jurisdictions may consider gambling sites legal, while many jurisdictions may impose a ban on such cryptocurrency betting sites. Sportsbooks are an integral part of the gambling industry.
The incorporation of crypto transactions legalizes cryptocurrency betting sites. In fact, gamblers can find a plethora of matches like football, cricket, ice hockey, formula 1, horse racing, MMA, Premier League, among others on some of the best sports betting sites cryptocurrency.
Popular Cryptocurrency for Betting
After the inception of the first digital coin, Bitcoin, many other cryptocurrency tokens were introduced into the market. In fact, the cryptocurrency market accounts for at least $1.3 trillion.
Although there is a broader range of markets, not all the different cryptocurrency tokens are successful. That said, it is important to choose the right crypto for placing a bet on the preferred sport.
Bitcoin Sports Betting
Using Bitcoin (BTC) for bitcoin betting and withdrawing the same winnings is the gist of Bitcoin sports betting.
Some of the online sportsbook crypto betting sites supporting Bitcoin betting transactions also support traditional currency payment options.
When it comes to the best Bitcoin sports betting site, the availability of an inbuilt crypto wallet is something one must consider. This is because such a massive sportsbook crypto betting site offers provisions for purchasing and exchanging Bitcoin for real money.
Ethereum Sports Betting
Similar to Bitcoin and Bitcoin Cash, Ethereum is an open-source, blockchain network. However, unlike Bitcoin, Ether has unique perks like smart contracts.
Ethereum sports betting involves the Ethereum deposit method to place a bet. Some sites also support withdrawals of other cryptos and fiat currencies as well. It is often advised to choose an Ethereum betting platform with a very low withdrawal limit.
Ethereum is one of the few cryptocurrency coins that are on par with Bitcoin. That said, placing a bet on Ethereum-based sports wagering sites is considered both safe and legal.
Ripple Sports Betting
XRP is the native coin of the Ripple network that is best-known for its real-time gross settlement system.
The Ripple network is also known as the top cross-country transaction facilitator with seemingly very low fees. That said, a Ripple sports betting platform will enable gambling enthusiasts to play in an online sportsbook platform located in another country.
Cardano Sports Betting
Although a decentralized cryptocurrency platform, unlike Bitcoin, a Cardano sports betting platform offers distinctive benefits. Some of these include cheaper deposits and withdrawals along with enhanced player privacy.
ADA is the preferred cryptocurrency coin of any Cardano online sportsbook platform. Unlike Bitcoin, the Cardano network features a Proof-of-stake algorithm.
Low deposit fees and an attractive welcome package is offered by most of the best Cardano casino sites.
Dogecoin Sports Betting
Dogecoin has a good reputation as a fun-based digital currency. Unlike its contemporaries like Bitcoin (BTC), Ripple (XRP), etc. Dogecoin has an unlimited supply, which enables it to inflate infinitely.
Dogecoin sports betting sites are the best means of increasing one’s Dogecoin holdings. While Dogecoin is one of the top ten digital currencies, most of the best crypto gambling platforms offer it as a deposit option as funds to bet on.
Litecoin Sports Betting
Litecoin is one of the digital currencies that have exhibited a faster growth in value similar to Bitcoin. Litecoin sports betting involves funding one’s sportsbooks account using Litecoin for wagering.
The end-to-end crypto betting site support Litecoin payments. Such sportsbooks enable individuals to buy LTC using a credit card or other payment options. Needless to say, standard deposit and withdrawal fees apply at all Litecoin casinos.
Binance Coin Sports Betting
Binance coin sports betting involves the use of the native currency of Binance crypto exchange.
As stated earlier in the article, the criteria for choosing the best betting platform involves the number of digital tokens supported by the said crypto betting site. Binance is one of the latest cryptocurrencies that has garnered popularity like Bitcoin, making it one of the popular choices for wagering.
Bitcoin Cash Sports Betting
There are numerous cryptocurrency betting sites that support Bitcoin Cash sports betting as Bitcoin Cash is as popular as Bitcoin, the first digital currency.
Steller Sports Betting
Stellar tokens are yet another one of the top ten cryptocurrency tokens on par with Bitcoin popularizing Stellar sports betting. The value of the coin is ever-increasing similar to bitcoin, making it an ideal investment asset.
Tether Sports Betting
Tether as a digital currency has its own set of merits that are extended to Tether sports betting. One of the best features of tether casinos is their liquidity and is hence extremely popular amongst people.
The bottom line for using digital money for placing wagers is to increase one’s digital asset holdings.
Pros and Cons of Cryptocurrency Sports Betting Site
| Pros | Cons |
| Attractive promotions and bonuses including welcome bonus. | Lack of chargebacks. |
| Low withdrawal and deposit fee. | Volatility of the crypto market. |
| Utmost transparency due to blockchain network. | Irreversible transactions. |
| Myriad of sporting activities to choose from. | Fees charged for withdrawing funds. |
| Top-notch customer support and most attractive service | |
| Same-day payouts with no restrictions on deposit or withdrawal amount. | |
| 24/7 customer support. |
Crypto Betting Sports Leagues
Some of the popular bet with cryptocurrency sports include and are not limited to soccer, hockey, cricket, eSports, etc. While the options are many, the trick lies in selecting the right type of wagering option.
Crypto Football Betting
Wagering on the outcome in Bitcoin or crypto football betting is the same as traditional cryptocurrency betting sites. Football is in fact one of the most common sports where results are wagered on for earning profits. Here, the person placing the wager typically guesses the team that would probably win the match.
The different types of wagers like Moneyline, Parlay, etc are applicable for wagering on football matches.
NHL Crypto Betting
Wagering on the outcome of hockey matches is easier with NHL crypto betting, which makes it legal and safe. Most cryptocurrency betting sites allow their visitors to wager on hockey support NHL bets.
The point spread is the most common type of wager that applies to NHL hockey. The rules and requirements are the same as the other sporting events involving digital money.
UFC Crypto Betting
UFC or Ultimate Fighting Championship is a tournament that involves the Mixed Martial Arts or MMA sport. MMA is a popular sport for online sports betting options. In fact, some of the well-known sportsbooks online allow wagering on the outcomes of UFC crypto betting.
Wagering on MMA is similar to any other Bitcoin UFC betting or crypto betting sport. Some crypto betting sites also allow their visitors to place wagers on eSports fighting championships when they have a gaming account.
NBA Crypto Betting
Basketball is yet another popular sport widely wagered by the game’s enthusiasts.
The growth of online sportsbooks has enabled NBA crypto betting, making it simple and convenient for basketball enthusiasts to support their favorite teams.
NFL Crypto Betting
The NFL is one of football’s premier leagues that has fans worldwide, making it a popular event for crypto wagers. While choosing the best crypto betting site, it is important to ensure if it supports NFL crypto betting and various cryptocurrency tokens like Bitcoin, Litecoin, etc. Some sportsbooks also allow visitors to play using both fiat and digital money.
MLB Crypto Betting
The continued growth of digital currencies like Bitcoin has incorporated various sporting matches and tournaments including MLB crypto betting. Thus, the various sporting options for placing wagers can be used as a factor for choosing the best online sportsbooks.
Crypto Cricket Betting
The best Bitcoin betting sites for cricket and other sports have a multitude of options for sports betting. With the most attractive layout and amazing user experience, players get to enjoy betting on cricket and other sports through dedicated sportsbooks that accept Bitcoin and other assets or crypto casinos that offer crypto cricket betting in addition to the online casino dealer games and table games.
Cricket as a sport is extremely popular in Africa, Europe, and Asia which means these locations will have the highest possible number of players willing to bet on crypto cricket betting sites that accept Bitcoin and also other major cryptocurrencies.
Crypto Sports Betting Dapps
With the advent of different cryptocurrencies such as Bitcoin, crypto sports betting dApps in crypto casinos have emerged as an efficient alternative for traditional online casinos. Decentralized applications, also known as dApps, is enabled by the blockchain technology and operates on a decentralized P2P blockchain network. These betting dApps work in the same way like other software and it is based on a gambling website or mobile app.
The most unique feature of the crypto sports betting dApps is the unkillable nature, having no central or single point of failure. Being decentralized, dApps are capable of controlling all data and activities through the support of distributed blockchain networks. This means dApps run on blockchain systems instead of functioning on centralized servers.
Find best Crypto Betting Sites
It is very important to find the best cryptocurrency betting websites for various reasons, some of which are as follows;
Most of the best online cryptocurrency betting sites provide better odds along with most types of wagering options.
Some of the top online sportsbook platforms offer quicker payouts whereas the traditional sports betting site take up to a couple of hours to a few days. Thus, for immediate payouts, choose a top sports betting industry.
Another important aspect is that best crypto betting sites are believed to be safer than online traditional sports betting site. The reason for this is the underlying technology of blockchain of the crypto token that provides added security.
Tips for finding best Crypto Sportsbooks
Every sportsbook platform is different from the other; whether it is the payment options, deposit bonus, welcome package, sporting options to bet on, among others. Thus, it is imperative to choose the right fit to match one’s personal needs.
About Crypto Sportsbook
With the rising demand for sports betting options, more and more sports betting sites are being developed every day. Crypto betting sportsbooks have high quality sports betting offers and boast a lot of different wagering markets. Bitcoin and crypto betting sportsbooks both have become a lot more attractive due to their low fees and a varied collection of games played using Bitcoin as well as altcoins.
The sportsbook registration process includes creating a username along with the user’ email address and password. If the user has a promo code, enter the code to get bonuses and promotions such as a generous welcome package. Users betting at the best crypto sites do not need to provide any personal or financial information to start betting.
However, in case the user has forgotten or misplaced the password, the password recovery option can be helpful. The sportsbook site will email a password to the registered email ID, change the password again and start playing different sports and table games using Bitcoin and other major cryptocurrencies such as Ethereum, Bitcoin Cash, Litecoin and many more. Note that these crypto sports books are also popular for their referral programs. If a friend or relative has sent a referral code or QR code, the user can use the promo code to get additional cashbacks and discounts. This feature is enjoyed by both the referrer as well as the referee.
Restricted Countries
Are there any country restrictions? This is the first question that must be addressed to understand whether the sports betting sites can be accessed from the bettor’s country of residence or not and what are the country preferences.
Every sportsbook platform features a list of restricted countries in their FAQ section. Visitors may also seek advice from the customer service to understand the legalities involved.
Reputation
It is important to choose a trustworthy service provider. The type of customer service provided is a clear indicator of the platform’s reputation. Always choose a crypto betting site that provides complete information about the fees structure, the bonus offered, access to funds for placing a bet, etc. The right sportsbook site will allow the gamers access to their deposit funds 24/7.
Sports, Lines, Odds
Analyzing the odds, lines, and sporting matches available to wager is yet another consideration for choosing the right sportsbook platform. Also, ensure whether the site offers the right odds for the number of crypto funds one is ready to spend or not.
Anonymity
Wagering using Bitcoin (BTC) is quite popular. Understanding the minimum funds required and the withdrawal limits for cashing out the amount the customer needs is also important. While a Bitcoin crypto sportsbook platform offers anonymity, one must make sure to have password protection and email address verification set for protecting customer funds.
Payout and Withdraw Speeds & Terms
While crypto sports betting sites are known for faster withdrawal of funds, the time varies and is determined by the type of token involved. Thus, it is important to know the deposit and withdrawal speeds of the site in question.
VIP programs, Bonuses and Promotions
Apart from the odds offered and the game library like poker, modern slots, etc, it is important to know the bonuses and promotions involved in VIP program. Deposit bonuses, welcome bonuses, or any other regular promotions are important elements to consider when choosing a betting site. As a matter of fact, most often, bettors choose a betting site that offers a VIP program with myriad of bonuses in the form of Bitcoin or other currency.
Countries supporting best Crypto Betting Sites
Typically the countries that consider cryptocurrency and gambling legal are the ones that support crypto betting sites. Many countries consider Bitcoin (BTC) legal, which is also included in this list. Examples of countries that support crypto betting include the United States, India, China, Turkey, UAE, Germany, Japan, Switzerland, etc.
Payments Methods
A different payment method applies for different sportsbooks including the fee involved. Some sportsbooks support credit card payment methods for making a deposit while others offer different types of payment methods gateway. The limits on withdrawals and deposits including the applicable fee also differ from one site to another. Some have free deposits while others charge a deposit fee. As part of special promotions, certain online sportsbooks provide an additional welcome bonus on initial deposits made.
Customer Support
Most of the reputed Bitcoin or most crypto casinos with a sportsbooks section offer 24/7 live chat support. Some also offer email support, the links for which one can find on their customer service page.
Recent Growth in Crypto Sports Betting
In recent years, crypto betting has shown enormous growth due to ease and convenience. The special promotions, low fees, and faster payouts are transforming the sports betting sites with crypto landscape.
How will Crypto change future of Sportsbooks?
Cryptos like Bitcoin, Bitcoin Cash, Ripple, Ether, etc. offer many advantages. These benefits also apply to bitcoin sportsbooks or bitcoin betting sites. Cryptocurrency sportsbooks will definitely change the future of the gambling world. This is attributed to integrity expressed by the crypto coin network.
Some of the advantages of cryptocurrency sportsbooks include; faster withdrawals and deposits. Access to special crypto bonuses. For instance, crypto deposit bonus, welcome bonus, etc.
Most often crypto sportsbooks feature same-day payouts for most of the withdrawals. Unlimited crypto deposits and very low minimum deposit limit. Some also offer low withdrawal limits.
Most of the best sportsbooks do not charge additional fees on withdrawals and deposits. User anonymity is a given for most cryptocurrencies. Bettors can choose from a myriad of online sportsbooks.
End-to-end cryptocurrency sportsbooks offer added safety through blockchain technology of the coin network that cannot be manipulated with or hacked.
Some of the other major advantages are as follows;
Speed
Speed is one of the major benefits. Cryptocurrencies are well-known for faster transactions where each transaction is verified and confirmed on the blockchain of the digital coin network. As each transaction is entered as a block, there is no scope for tampering with the public ledger.
Visitors can place a bet much faster compared to standard sportsbooks as most sites have inbuilt crypto wallets. Thus, buying cryptocurrencies for funding accounts is quite simple and fast.
Payouts are much faster as stated above where most of the crypto sportsbooks cash out the winners’ earnings the same day. Faster deposits when compared to standard sportsbooks that take up to 3-4 working days are yet another advantage.
Volatility
Cryptocurrencies are highly volatile digital coins that make them a very popular investment asset. The crypto market is highly volatile. Owing to its high volatility, high rollers can profit in the long run by cashing out the cryptocurrencies won when the value of these coins increases.
Some of the popular cryptocurrencies like Bitcoin, Bitcoin Cash, etc. are highly volatile and fast-moving digital assets. Thus, one can invest in small amounts and multiply them by wagering on crypto betting sites. As a matter of fact, crypto gambling sites are a surefire way of increasing one’s crypto holdings.
Increased options regardless of regions
Cryptos like Bitcoin and others are mostly decentralized in nature. This means that they are not governed or controlled by a single authority like banks or governments, unlike fiat currencies. That said, crypto tokens can be used for global transactions. Crypto sportsbook websites enable users from different regions to access crypto gambling sites of other countries or jurisdictions.
There are numerous BTC gambling sites that feature a crypto sportsbook section allowing easy access to even those users where gambling solutions are considered to be illegal. Simply put, gamers are not bound by any regulations or other restrictions.
Some of the best crypto gambling sites feature online casino games apart from a sportsbook section. Thus, users can play a myriad of online casino games like poker, table games, slot games, etc.
Privacy and Security
Safety, security, and privacy are important factors to be considered when visiting a sportsbook website. Compared to standard betting sites, a crypto-based sportsbook offers additional security to its customers. Users can choose two-factor authentication for password protection during the account registration process.
Crypto-based sportsbooks also offer privacy that allows anonymous betting. While the customers must complete KYC during account registration, the transfers involving any digital coin remain anonymous. However, one can access the transaction’s information involving the transfers of deposits and withdrawals recorded on the public ledgers.
Some of the best sportsbooks are in good standing with local gambling laws. Such betting sites also support crypto and fiat payment methods to enhance their safety. In fact, the reputation of any sportsbook website can be gauged by the fact of whether they support different cryptos or not.
Apart from KYC requirements, a reliable sportsbook platform also features Identity verification for enhanced safety.
Types of Sports Bets
Most seasoned bettors frequenting online sportsbooks believe that choosing the best types of crypto wagers to place matters for maximizing their wins.
While there is a wide range of crypto sports betting options and types, garnering expertise in one or more wagering styles will certainly help. Listed below are some of the common types of crypto wagers types popular among gamblers at online casinos.
Types of wagers
Moneyline: Picking Winner
When casino players make a Moneyline wager, rather than a point spread, they pick a team to win straight and square. Typically a Moneyline bet applies for casino games like hockey, cricket, baseball, etc. Also known as the win bet, a Moneyline wager is the simplest type of bet.
Moneyline involves picking a prospective winner of a match or event. While Moneyline has its advantage, there is also a certain level of risk involved. And, this is because the amount the players must wager may oftentimes be higher than the winnings, especially, when the underdogs rather than the crowd favorites win a match.
Totals over/under
Total, also known as over-under is yet another popular type of bet where the players wager on the combined score of the teams involved in a match.
Players may either go over the score or under the score. In totals, the bookmaker typically sets the line for a total score, which could be the goals or runs scored, depending on the type of sport. The players will then wager on the outcome of the game in terms of whether the total is higher (over) or lower than the set line.
Point Spread: Margin of Victory or Loss
In point spread online betting, players wager on the match player who is likely to ‘cover the spread. Here, the bookmaker creates the spread by making the players of the match equal favorites wager upon. In a point spread, the underdog is ‘given’ points while the favorite is deducted points.
So, how does this type of wager work?
When a gambler backs a favorite mentioned in the point spread, they are looking at winning the wager by a margin greater than the spread size. And, while backing an underdog, the gambler wagers on margin win or loss, which is less than the spread size.
Futures Bets: Long-Term Wagers
Futures bets are also referred to as outright bets.
Here, the players wager on the winner of a match, tournament, leagues, etc. way before the match starts. Futures are sometimes also referred to as ante-post crypto wagers. Futures applies to various kinds of sporting games including and not limited to golf, soccer, football, tennis, etc.
Prop Betting: Hitting Milestones
Prop betting or proposition betting, also known as specials are wagers placed on a specific aspect or prop of a match, which will, in turn, affect the outcome of the match.
Wagering on the team that would score first or a player scoring the highest constitutes prop bets. Unlike the other types of wagers, luck does not factor in prop betting as it is based on strategies and analysis.
Parlay Betting: Combining Bets
Parlay wagers involve combining the crypto bets and are also referred to as multipliers or accumulators. Here the bettor is allowed to have multiple selections for a single wager. For instance; rather than choosing one team in a tournament, the bettor can select more than one team.
While the returns on this type of wager are quite high, there are chances of losing the whole wager even when one team in the selected list loses the tournament. The payouts in parlay wagers also differ and are determined by the sportsbook or a bitcoin betting sites.
Readers are advised to note that some of the above terms are called something different based on the country of residence.
Is Cryptocurrency Sports Betting Website End-To-End Crypto?
Any cryptocurrency betting website may either be a cryptocurrency-only website (end-to-end cryptocurrency betting site) or a standard bitcoin betting sites.
The difference lies in the payment methods and website operations. Bettors may choose a site based on their specific requirements.
Standard Sites
Some of the best cryptocurrency sports betting sites provide both fiat currency and cryptocurrency payment methods for both deposits and withdrawals. However, a standard website may or may not support cryptocurrency transactions.
End-to-end Sites
Most often, the best crypto online sportsbook section of an online casino records all transactions on a public ledger offering the utmost transparency to sports bettors. The management and operations of crypto sites completely backed by cryptocurrency and its underlying technology are referred to as end-to-end crypto betting sites.
Conclusion
It is growing in popularity as one of the methods of increasing one’s cryptocurrency holdings. Compared to standard betting sportsbook sites, sports bet with cryptocurrency offers numerous benefits like bonuses and promotions. Simply put, crypto betting involves placing a bet on any sport with cryptocurrency tokens like Bitcoin, Bitcoin Cash, Ripple, etc.
Some of the best sites also provide additional currency bonuses like a deposit bonus, welcome package, etc. In this article, we have mentioned the different types of crypto wagers and sportsbook sites based on the currencies supported.
FAQs
Is crypto sports betting website legal?
It depends on the jurisdiction of the gambler where gambling laws apply. However, as cryptocurrency offers unique user experience, even bettors from countries with gambling restrictions can visit any digital currency-based sportsbook site.
Is it safe to place sports bets with crypto?
Placing a crypto bet is comparatively safer than placing a bet involving a traditional currency. The reasoning behind this is any type of crypto coin is backed by blockchain. And, even though the tokens facilitate user anonymity, the digital currency transaction is always accounted for. This is something to be considered when choosing to place a bet on a standard sportsbook betting site compared to one that supports cryptocurrency tokens.
What is most profitable sport to bet on?
Many successful gamblers consider football and basketball matches to be quite predictable. Nevertheless, rather than the game, the type of wager matters to earn profits.
How to bet on any sport with Bitcoin?
To place Bitcoin betting, one must first create a user account in the online casino crypto betting sites with sportsbooks. While some top online crypto casinos have crypto wallets, others require gamblers to open a Bitcoin wallet account. Bitcoin wallets allow individuals to buy Bitcoin using fiat money. After buying Bitcoin, they must deposit the same in their casino account. Now, all that is required is to wager and withdraw the earnings in the form of Bitcoin or its equivalent currency.
Is betting DApp available?
Yes, some of the well-known crypto betting sites offer sportsbooks betting DApps.
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