Human beings have always loved competition. While most of us will never compete in high-level sporting events, we can be part of the world’s most significant competitions by betting on our favorite teams and players.
Considered a skill-based gambling activity, sports betting has always had a wider acceptance than games of chance. However, Bitcoin betting sites have proven to be the ideal solution for those who cannot bet locally. With low costs, fast payouts, and few international limitations, crypto betting is fast becoming the leading type worldwide.
The Benefits of Bitcoin Betting
When it comes to betting with Bitcoin, it is not only about the value of the popular cryptocurrency; there are many other benefits to moving from fiat currency bookmakers.
Top 5 benefits of Bitcoin betting:
- Global Access: Leveraging the blockchain and cryptocurrency allows sports fans to bet on any team from anywhere in the world, regardless of local gambling regulations.
- Enhanced Anonymity: Transacting using your BTC wallet means never having to provide your personal information, ensuring your privacy is protected.
- Fantastic Security: The blockchain offers near-impenetrable security for your betting history, crypto transactions, and personal information.
- Low-Cost Betting: Decentralized crypto transactions have very low costs as they do not need to cover bank networks and international exchange fees.
- Lightning Fast Withdrawals: The peer-to-peer nature of Bitcoin deposits and withdrawals means you can send and receive funds instantly, with some betting sites processing withdrawals in under 15 minutes.
Being able to back your favorite sports team or competitor as they strive for glory, combined with all of the above benefits, makes choosing to bet with Bitcoin one of the easiest decisions an online gambler can ever make.
Bitcoin Betting for Beginners
If you are new to betting online with Bitcoin, several handy tips will help you expand your knowledge of betting, understand the jargon, apply insights into team performance, and manage your time and money effectively.
- Start with one sport and learn all you can. From Bitcoin soccer betting to Bitcoin Dota 2 betting. Find your niches!
- Set budgets for spend and losses.
- Place small stakes to maximize your bankroll.
- Use Bitcoin bonuses and promotions to boost your bankroll.
- Track the results of your bets and note what you learn.
It is also essential to choose a bookmaker that is known for offering great odds and has a reputation for treating punters well. Check out our comprehensive list of Bitcoin betting sites for the best bonuses and trusted providers.
Make the Most of Each Bet
Once you are comfortable using cryptocurrency to fund your betting account, know how to set your bet limits, and can place smart bets using the available information, you might wonder how to up the ante.
Here are some handy tips for making the most of each bet:
- Slowly begin to add new betting markets.
- Learn how to read the various betting odds.
- Learn how to build an effective accumulator bet.
- Make data-driven, not emotionally-driven, bets.
- Compare the odds across multiple bookmakers.
- Never chase losses; stick to your game plan.
- Adjust your bets based on Bitcoin price fluctuations.
We cannot stress enough that it is vital to fully understand the basics of betting regardless of which currency you wager. We recommend beginning your journey by reading through our Bitcoin betting page for more on betting bonuses, mobile betting, and more.
Choosing the Best BTC Sportsbook
Choosing the best BTC sportsbook is a straightforward process. Leading Bitcoin sportsbooks will offer the following:
- An industry-wide reputation for fair play.
- An excellent PC and mobile experience.
- All the betting markets you are interested in.
- Welcome bonus and ongoing promotions.
- Accessible promotional terms and conditions.
- 24/7 Customer support via email and live chat
- Bitcoin and altcoin banking.
The number of sites that appear to offer the services you need can make it challenging to find the ideal provider. We recommend starting your journey into crypto betting with our selection of trusted crypto casino sites to avoid disappointment.
How do I find the best Bitcoin betting sites?
We have a comprehensive list of quality crypto betting sites for you to peruse. Click the ‘Quick Facts’ arrow to learn more about the site and what they have to offer.
Do Bitcoin betting sites offer bonuses?
Yes, each sportsbook we have reviewed offers new customer bonuses and ongoing promotions for existing bettors.
How do I learn to bet with Bitcoin?
Once you have read through the tips on this page, all that is left is to be patient and place small bets, track the outcomes of each betting slip, and learn from the results.