Why is Crypto the Best Way to Bet on the World Cup?
Crypto is without a doubt the best way to bet on the World Cup because it offers the most flexibility. Players have higher levels of security, faster withdrawals and lower fees. On top of this, crypto gives players the ability to make even more profit if the price increases. It makes it head and shoulders above what fiat sports betting offers.
Best Crypto Bookmaker for the World Cup
The best crypto bookmaker for the World Cup is definitely Stake. It provides players with a fantastic range of betting markets, superb crypto offerings and an exclusive bonus that can be claimed through us. Crypto players will find the best selections when playing with Stake. However, if Stake doesn’t offer exactly what you need, you can find out more with our list of fantastic crypto betting sports sites.
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A Beginner’s Guide to World Cup Crypto Betting
If you’re a newcomer to the world of Crypto sports betting, then our simple guide will help you to make a quick start.
Step 1: Set up a Crypto Wallet for World Cup Betting
Your first step is to set up a crypto wallet for yourself. You can find some excellent options with our crypto wallet guide.
Step 2: Buy Some Crypto to Bet with
Once you have set up your wallet, it’s time to purchase some crypto. Make sure that your chosen site accepts your crypto of choice, purchase the amount you need and then log into your betting account.
Step 3: Make your Deposit
Once you’ve purchased your crypto you will need to send it to your betting account. This is normally done by sending it to the wallet address of the site. You’ll be able to find this information on your account page at the site.
Step 4: Place your Bet
After your deposit has been made you can place your bet. All you need to do is find your bet of choice, set your stake and place the bet. It’s all done with one or two clicks at most sites.
Step 5: Withdraw your Winnings
If your bet is a winning one then you will have access to some winnings. If the site is a pure crypto site then you will be able to send it to your crypto wallet. If it’s a hybrid site you will either withdraw in fiat or exchange it back to crypto and then send it to your wallet address.
Choosing the Best Crypto Sportsbook for the World Cup
There are a few important steps required when you want to choose the best crypto sportsbook. Take a look through our guide to get up to speed with what you need to do:
1. Check on Sports and Markets
Your first step should be to look over the different sports and markets that are offered. If soccer isn’t available you won’t be able to bet on the World Cup. If the over/under market isn’t available then you will be limited in the bets you can place.
2. Make Sure it is Trustworthy
Is the site a trusted place to play? This is hugely important. If you don’t find a trustworthy site then you shouldn’t be playing. There are a lot of very safe and secure sites out there, so don’t settle for anything less.
3. Check Payment Methods
If you want to play with crypto, you will need to make sure your cryptocurrency is available. There’s nothing worse than buying your crypto and then finding out you can’t use it.
4. Check Reviews
To make sure that you get all of the information about sites that you need, you can check reviews. This will make sure that you’re completely informed about everything there is to know.
Top World Cup Cryptocurrencies
New cryptocurrencies come along all the time, but there are still some that stand out above others. When it comes to the crypto betting world, these three are our picks at the top of the market.
Bitcoin
Bitcoin is the one that started it all. It’s seen by many as the catalyst for the future of money. It’s also the most well-known cryptocurrency there. It’s not a surprise this is the most popular crypto used by bettors, it’s the most popular full stop!
Ethereum
Bitcoin might take all of the headlines, but Ethereum is definitely a more forward-thinking option for crypto fans. It’s long taken the second spot in the most well-known crypto stakes, and it is the same for people using crypto for betting.
Dogecoin
Dogecoin is more than just a meme coin these days. It might not be a huge value store in terms of individual coins, but it allows for quick and easy payments to be made. This has made it a popular choice for bettors.
World Cup Bet Types
Moneyline/Outright
This is basically a single bet on the outcome of something. The moneyline normally refers to which team will win a match, or if a draw takes place as is the case with soccer. The outright is usually used for the overall result of tournaments.
Parlay
A parlay is when you combine a number of single bets into one bet. So, four choices might go into a parlay. However, in order for the parlay to win all four choices would have to be correct. While this does increase the risk, it also increases the level of payout.
Point Spread/Handicap
A point spread is also known as a handicap bet. This is when you bet on a game but apply a handicap to one of the teams. A -2 handicap would mean the team would need to win by 3 clear goals or more. This is because 2 would be taken away from their score for the purpose of the bet. This increases the odds and is often used to bet on the favorites.
Over/Under
The over/under market is when you choose an aspect of the game and bet on if the total is over or under a certain value. So, you may bet on there being over 12.5 corners in a game. If there are 12 corners you would lose, if there are 13 you would win.
Tax Implications of World Cup Crypto Betting
It’s difficult to give a definitive answer to the tax implications of betting with crypto. This is because every country has different tax laws when it comes to both crypto and betting. A great example would be the differences between the USA and the UK.
In the UK winnings from betting are not taxed. All tax burdens are on the bookmakers. This doesn’t apply to professional gamblers as income tax would apply to their winnings. Casual bettors do not have to pay taxes on gambling winnings though. In the USA, this isn’t the case. Winnings are taxed in the USA, with each state having its own tax rate for gambling winnings.
However, both countries are the same when it comes to crypto profits. Any profits that have been made from crypto price increases will be taxed. Both the USA and the UK abide by this, so this will have to be taken into account.
For UK players, it means that you won’t have to pay any tax on any crypto that you win. If the price of that crypto then increases and you sell the crypto, you will have to pay tax on any profits you make.
How to Find Value on World Cup Bets
Finding value for bets is always something that players should look for. The World Cup is always a strange time because it tends to throw up a lot of surprise results. However, when it comes to finding value this is great for us. Many of the underdog teams will have much longer odds than they would normally. It means that if we do our research we can find out which games will give us the best results.
Here are the important areas for you to research in order to find the best value:
Team Style
This can help you to find a lot of great value. If two teams come up against each other and one is much stronger from a technical standpoint, the play style may help you to find value. For example, if the team has ageing players or slow midfielders, a team that plays a high, aggressive press will do well against them. Look into this and see where you can find the value.
Team Lineup
Are the favorites missing from the lineup? If this is the case, you might be able to find good value betting on the underdog. This is especially the case if it’s due to injury, as this might impact on the rest of the team psychologically and impact on their performance negatively.
Recent Results
If a team is going into the tournament in a good run of form, then they’re more likely to carry this on. Look at how well teams have been playing. If they’re on a positive run then confidence will be high and they will perform better.
FAQs
France is the overwhelming favorite at the moment. However, England, Argentina and Brazil are all expected to perform well.
The best way to find this out is to look at how likely a result is to happen. If the odds are higher than the chance of the result taking place, then the odds are good.
The only strategy for any kind of sports betting is to look at the research for the different games. From there, find the best value bets and use your stake wisely.
Reviewed and Fact Checked by Eugene Abungana , Investment Analyst, Financial Analyst, and Institutional Trader