Crypto Betting

Crypto sports betting is essentially exactly what it suggests. It’s betting on sporting events using cryptocurrency. Lots of crypto players have made the moves into betting on sports, such as soccer, NFL, NBA, MLB, and pretty much every other sport that’s out there on the market.

It works basically the same as standard sports betting. Players choose the stake that they want to wager, choose their bet and then place it. The only real difference at first glance is that instead of using fiat currency, they use cryptocurrency. There are a few things that people should know when playing with crypto though:

• There are thousands of different cryptocurrencies, but most sites only accept the most well known
• Most digital currencies are highly volatile. This can have an impact on profit and loss
• If you make a mistake when transferring your crypto you will lose it forever, so you have to be very wary when entering information

With all the different factors that need to be looked at when choosing a crypto sportsbook, it can be difficult to keep track. That’s why there are a few different areas that we look at closely to make sure that you get the best sportsbook experience possible. We cover these areas in our reviews to make it easy for you to learn which site is best for you.

Restricted Countries

There are lots of sites out there that restrict which customers can use their services. A lot of this is to do with the different laws that are enacted across different countries. So, to make sure that it stays within the confines expected of its regulatory license it means some players will be unable to access the site. We make sure to cover this aspect of the site and provide the information needed to allow you to know whether you can play at a site or not.

Reputation and Trust

A good reputation is important to us. If we recommend a site that doesn’t behave in a fair way to players, it means that our reputation will take a hit. We don’t want that, so we take a lot of notice when it comes to the reputations of the sites that we review. If they have a bad reputation with players then we make sure that we cover it. That way when you use our site you know that you can trust what you read.

Sports, Lines, and Odds Available

When you’re betting on sports you need to have certain things available to you. The first is the different sports that are offered. If the sports you want to bet on aren’t available then the site isn’t for you. But, it’s not just about the sports. If the right markets are also unavailable then it means you can’t place the bets that you want either. On top of that, if the odds offered are of poor value, then it also means the site isn’t worth playing at. We cover all of these aspects so that you’re fully aware of what you’re signing up for.

Anonymous Sports Betting

Some players want to be able to bet anonymously. Not all sites offer this service, so it’s important to check whether it is available or not. We make sure to be clear if a site offers anonymous play or whether it has KYC rules in place.

Payout and Withdrawal Speeds & Terms

When you make a withdrawal, you want to get fast access to your money. If you don’t, then it can make it an annoying process. Especially if you need the money for something. As well as that, if there are fees placed on deposits and withdrawals, then it can eat into your potential profits. We cover all payment terms to make sure that you know what you are signing up for.

VIP programs and Bonuses

Everyone loves a bonus. That’s why we go over the different bonuses, promotions and VIP programs that are available. Not only do we cover the specifics of what the bonuses offer, but we also go over the different terms. This makes sure that you are aware of what you have to do in order to get the most from your bonuses, and whether the bonus is a fair one.

Crypto sports betting is one of the fastest-growing markets in the betting world. There are a lot of different reasons for this, which is partly linked to how quickly the crypto world is growing. But added to this, sports betting is without a doubt something that is growing at a fast rate. With crypto betting sites appearing much more often, it means that crypto sports betting has also seen a lot of growth.

How Much Is Bitcoin Betting Expected to Grow?

It’s hard to quantify exactly how much Bitcoin betting will grow. This is because it’s a subset of the overall sports betting market. But, with the overall sports betting market expected to see a 10.3% growth by 2030, it would be safe to assume that Bitcoin sports betting would see a larger level of growth.

This is because although Bitcoin betting is a subset of sports betting, it’s also one of the newer aspects of the market. As such, it will increase its market share of the overall sports betting market during this time. From there the prediction would be that Bitcoin betting would make up a larger portion of the market in 2030 when compared to now. So, with the overall market seeing a 10.3% growth, Bitcoin betting would see a higher level of growth in relation to the overall market.

Pros and Cons of Crypto Betting vs. Traditional Betting

Crypto betting sees a lot of pros when compared to traditional betting. It means that crypto players can achieve a lot more with their time than a standard sports betting player.

Pros

• Crypto betting allows for faster withdrawals compared to traditional betting
• Stake division is a lot easier with crypto betting
• Blockchain tech can offer more innovations than fiat betting
• Profits can increase if the market shifts upwards
• Allows for anonymity and protection from ID fraud

Cons

• Market volatility can lead to decreased profits if the market shifts downwards

When you first start using a crypto betting site, you will be astounded by what is available to you. There are a lot of different benefits available that makes it massively valuable to players. It’s beyond the standard simplicity that crypto offers, there are a lot of added bonuses that make it a much better choice to bet with crypto.

Fast Withdrawals

Withdrawals are much quicker when using crypto. It ensures that you’re able to get access to your funds a lot faster. With a traditional betting site, your fiat funds can often take up to 5 working days to be available. Crypto payments are much faster. They are usually available instantly, but if the blockchain is busy then this can sometimes be up to an hour. But even an hour wait is much better than 5 working days.

Decentralized Payments

Decentralized payments have a lot of benefits to users. Although it would almost require a full article on its own to cover everything that decentralization offers, the most important aspect is self-custody. You’re in charge of your own funds. No more relying on banking institutions who use your money to make profits and try to govern how you spend your money. You are in charge of what your funds do.

Anonymous Deposits

Anonymity is another huge benefit to crypto betting. Being able to remain anonymous means that you are protected from two main things. Firstly, you’re much less likely to be a victim of ID fraud. With banking requiring full KYC regulations, it means your details can be accessed. With anonymous deposits it ensures that your details are kept private and you can’t be the victim of fraud.

Secondly, it means that your bank can’t put any flags on your account for usage. If you’re playing with crypto it means that when you place a bet the bank will be unaware of it. So, they can’t block you for a loan or mortgage based on your usage.

Higher Bonuses

Higher bonuses can be offered using crypto. This is due to there being the ability for sites to generate their own crypto through staking and other methods. They can also potentially offer their own tokens, which will then make it even easier for higher bonuses to be offered. For players that like to give their bankrolls a shot in the arm, this is an excellent benefit.

Crypto bonuses can be claimed at most crypto betting sites. They are available in a number of different forms. The main one is with a matched deposit bonus. This is when you deposit some crypto and then receive that amount on top as a matched bonus. There will then be wagering requirements that have to be achieved before the bonus can be withdrawn.

There are also free spins that can be awarded deposits. These are valued at low amounts, you might get 300 free spins at 0.000001 BTC for example. Any winnings that you get from these free spins will then have wagering requirements applied to them.

The final most common bonus is free crypto faucets. These are essentially somewhere you can go every day, or sometimes every hour, and claim a small amount of free crypto to play with.

There are some excellent crypto exchanges available currently. It can be difficult to choose the best one for your needs. Our guide helps you to choose which is right for you, but our two favorite exchanges at the moment are as follows:

• Binance
• Coinbase