Bitcoin Sports Betting

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It is one of the most secure sports gambling sites. Banking and Deposits. Bovada boasts of smooth deposit options for gamblers. However, the platform does not have many deposit money deposit options although things are easy and straightforward. Deposit options include bitcoin, Amex, MasterCard and visa. Transactions are quite fast with fewer hoops. #1 Bitcoin Sports Betting // Since 2014. Margin of only 3% in the majority of leagues & events. Our bookmaker offers the most tiny spreads. Bitcoin Sports Betting Guide – Best Bitcoin Sportsbooks & Betting Sites. Bitcoin sports betting has brought excitement and versatility to gaming on the major sporting leagues across the world. One of its advantages is that bettors can now wager on their favorite sporting activities and teams with BTC. Betting on sports using Bitcoin has become a lot simpler than you can imagine. Recently, sportsbooks have been more accepting of Bitcoin bets and even give out larger bonuses for users who use cryptocurrencies, opposed to those who stick to traditional currencies. Sports betting platforms in the United States accept a vast array of financial choices from their players to fund accounts but Bitcoin and others like it are seldom seen as one of those choices; why? The short answer is simple, Bitcoin is not as straightforward when it comes to placing a bet and winning a bet and that in itself can become an.

How many times have you sat on the couch during a sporting event and thought to yourself, “I so could have called that!”? Thanks to sports betting, confident predictors have the opportunity to put their money where their mouths are by placing it on the result of a match. Many people choose to shy away from sportsbooks, claiming that they do not understand how it works. However, it is actually pretty easy.

Bitcoin Sports Betting

How Does Betting Work?

Using Bitcoin For Sports Betting

There are two ways to place bets: in person or online. Gambling laws vary by state, so make sure to consult those before you start. Those feeling confident in their outcomes make their wagers through a bookmaker who maintains a spread to ensure a profit will be made, regardless of the outcome. Players can also use various Bitcoin sportsbooks, including Cloudbet, Nitrogen Sports, and Betcoin Sports.

Consider The Odds

Before you start spending your money, you must take a close look at the odds. In the United States, they are presented as moneyline odds. The number 100 is used to represent that the odds are an even bet. If the number is positive, that is the amount you win on the bet. If the number is negative, that is the amount you need in order to win. The higher the number, the less likely it is to be in your favor, so aim to bet on odds that are as close to 100 as possible!

Bitcoin sports betting exchange

What Kind Of Bet Should You Make?

Perhaps the most confusing aspect is the types of bet possible. They include:

  • Straight Bets: This is the most common by far. The bookmaker makes the spread which handicaps one team and favors another. Your bet goes against the spread, and you win when your team wins by a number of points greater than the spread.
  • Propositions: Also known as “props”, these are placed on very specific outcomes of a game, which could be anything at all. An example would be trying to predict which team will be the first to score.
  • Parlays: These involve multiple bets, and winning them results in a higher payout than betting on each event individually. However, if you lose just one game, you lose the entire parlay.
  • Progressive Parlays: Unlike the previous one, progressive parlays will still grant rewards at a reduced payout, even if you lose some games.
  • Teasers: This allows you to combine your wagers on two or more games, adjusting the point spreads as needed. Your guess must be correct in order to win. These do not payout as well as parlays.
  • “If” Bets: These are two straight bets combined by an “if.” If the bettor’s selection complies with the first condition, then the second condition will also come to effect. Bookmakers and players can continue adding clauses if desired.

There are actually many more, but the ones above are popular and important to know.

Advantages of Bitcoin Sportsbooks

Bitcoin makes payments significantly easier.

Instant withdrawals and near zero fees

There are many reasons why you would want to use Bitcoin, rather than a credit card or check. First of all, you can make deposits and withdrawals in a matter minutes, or even seconds. Some websites accept transactions with zero confirmations, meaning that your balance is updated instantaneously. You won’t have to face a waiting period of a week or more, which could happen if you send money through a bank wire.

Bitcoin Sports Betting Usa

The fees are also a lot lower. You will only have to pay a small amount of BTC as a transaction fee to support the miners. It only costs a few cents, no matter how much money you’re sending. Saving money on unnecessary charges can mean a lot in the long run.

Bitcoin

Anonymity

Anonymity can also be a reason to switch to cryptocurrencies. Usually, the only information required from a sportsbook is a username and email address. You won’t have to go through an identity check, or submit personal documents. This makes the entire process more simple and convenient, especially if you don’t want your name to be revealed.

Sports

Bitcoin Sports Betting Bonus

Bitcoin enables gambling in any country in the world. Even if you live in the United States, where there are tight restrictions, you will still be allowed to use a betting site without any fear of discrimination. You probably will not even be asked for your location when registering for an account.

Consider this your introduction to Bitcoin sports betting. Once you take the time to play and practice the rules, you will find that it is actually pretty easy and has great payouts.

  • American sportsbooks are hesitant to accept Bitcoin and other cryptocurrencies because of their fluctuating value.
  • Bitcoin users will often see their payouts go up or down depending on the value of BTC at the end of an event so their winnings are not straight up as they would be with other payment methods.

NEW YORK – People across the globe love to use Bitcoin (BTC) as a form of currency on the internet to make purchases but when will sportsbooks in the United States embrace the cryptocurrency favorite as a valid payment option?

Sports betting platforms in the United States accept a vast array of financial choices from their players to fund accounts but Bitcoin and others like it are seldom seen as one of those choices; why? The short answer is simple, Bitcoin is not as straightforward when it comes to placing a bet and winning a bet and that in itself can become an unnecessary headache for US sportsbook operators.

What does that mean exactly? One dollar, be it from a credit card, money order, debit card or the like will always have the worth of one dollar but that is not the case with Bitcoin. The cryptocurrency’s value goes up and down with the market.

Does The United States Want Bitcoin At Their Sportsbooks?

The US is constantly modernizing and the sports wagering industry is no stranger to modernizations as software and technology are an ever-evolving sector for online sportsbooks to use to their advantage. American sports betting applications are in constant competition with legal online sportsbooks as they are used across nations with the added bonus of offering their members an option to use Bitcoin.

BTC is used often by gamblers because of the fast turnaround it allows for deposits and withdrawals. It also comes with high-security measures that let players remain anonymous and zero transaction fees whereas using a credit card or other methods of payment result in different fees per transaction and that grows tiresome for players as they’re essentially taking a small loss on any action occurring with through their sports betting activity.

If Bitcoin and cryptocurrency stay as prevalent in the financial world as they are right now and prove to be something that is “here to stay”, US sportsbooks will be more open to using them.

Technology will continue to change and help ease any issue that legal sports betting operators in the nation may run into when dealing with the fluctuating valued currency of BTC. Outside of this issue, there is nothing but benefits for players that could be conducive to drawing in more sports bettors and causing an influx in market activity for sportsbooks across the country.

It’s a safe bet that if American operators are given a better way to deal with any BTC problems involving wagers and their end payout values, players will soon be seeing this option offered to them in the future using legal sportsbooks in the United States.

News tags: American sportsbooks Bitcoin BTC coinbase Cryptocurrency US sportsbooks

Bitcoin Sports Betting Sites

Christina has been writing for as long as she can remember and does dedicated research on the newly regulated sports betting market. She comes from a family of sports lovers that engage in friendly bets from time to time. During the winter months, you can find Christina baking cookies and beating the entire staff at Mario Kart…the N64 version of course.