Crypto Sportsbooks & Bitcoin Sports Betting Sites

Competition in the crypto betting sector is getting tighter as more betting sites join the digital coin betting craze. Gamblers are also becoming more attracted to crypto betting due to the unparalleled benefits, such as fast payments, security, and pseudonymous gambling. We put in place this article to explore all the nitty-gritty of crypto betting, including;

  • The best crypto sportsbook sites you can rely on.
  • Crypto betting bonuses and promos
  • How to select the best crypto betting site.
  • Pros and cons of digital currency betting sites
crypto betting
crypto betting

Today, cryptocurrency is becoming the new normal for sending and receiving payments. Since it’s the fastest and safest way to transfer money, many investors and business people accept this payment method in their retail and online stores. Similarly, the online gambling and betting industry is also adopting cryptocurrencies. You can create an account on a crypto betting site and make your first transaction. When you deposit cryptocurrencies such as Bitcoin, Ethereum, and Litecoin into your account, you can receive exciting gifts and rewards.

Best Crypto Betting Sites

  1. Recommended by our Experts
    BC.Game Casino BC.Game Casino Review
    4.9/5
    • Personalised bonus offer
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    With a wheel of fortune offering up to 1 BTC each day, this is a site that will instantly grab your attention. A massive crypto selection along with provably fair games makes this a premium selection.

    Accepted Currencies
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    • Low House Edge
    Blockchain tron logo
    Customer Support
    Email Live chat
    Licences
    Curaçao (CGCB)
  2. Sportsbet.io
    4.1/5
    • 24/7 Support
    • 24/7 Live Chat
    Summary

    When it comes to online gambling services, Sportsbet.io is widely regarded as one of the finest thanks to its lightning-fast service. It also offers boundless entertainment options and an honest wagering environment. There are hundreds of games for casino players to take advantage of. The sportsbook on Sportsbet.io is so extensive that it takes several minutes to go through most of them.

    Accepted Currencies
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    Main Features
    • 24/7 Support
    • 24/7 Live Chat
    Blockchain tron logo
    Customer Support
  3. Wagmi Casino Wagmi Casino Review
    3.8/5
    • Crypto Casino
    • NFT Casino
    • Outstanding VIP Program
    Summary

    Gambling has become even more fascinating with the entrance of the WAGMI casino. The operator, designed by crypto enthusiasts for crypto lovers, supports a vast selection of popular digital coins and grants customers a layer of anonymity. Through offering frictionless gameplay, incentives, a loyalty program, and its own NFT collection, the 2022 launched operator shines over its rivals. Continue reading to discover all that WAGMI Casino has in store for you.

    Accepted Currencies
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    Main Features
    • Crypto Casino
    • NFT Casino
    • Outstanding VIP Program
    Blockchain tron logo
    Customer Support
    Email
    Licences
    Antillephone Licence Validation Curacao
  4. Metaspins Casino Metaspins Casino Review
    4.3/5
    • Live Casino
    • Top Bonus
    • Crypto Casino
    • wagerfree bonus
    Summary

    Metaspins Casino is a very newly-established site in the crypto casino market. It allows players to use pure cryptocurrency to play games, yet they could also use fiat currency to purchase crypto through the site. It’s owned and operated by Metaspins N.V and has a license from the Government of Curacao. This brand-new site is looking to provide a different approach to the world of crypto gaming.

    Accepted Currencies
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    Main Features
    • Live Casino
    • Top Bonus
    • Crypto Casino
    • wagerfree bonus
    Blockchain tron logo
    Customer Support
    Email Live chat
    Licences
    Curaçao (CGCB)
  5. Playfina Casino Playfina Casino Review
    4.5/5
    • Many cryptos available
    • VIP
    • Generous welcome bonus
    • Fast Withdrawals
    Summary

    Playfina hasn’t been on the market for long, so it doesn’t have a huge name attached to it. It’s owned and operated by Dama N.V, which means that despite it not having a big reputation, the company behind it is very well known. The license for Playfina is provided by the Government of Curacao, which is a solid license. Carry on reading to see everything that Playfina offers for crypto players.

    Accepted Currencies
    USD-icon Bitcoin-icon Ethereum-icon Litecoin-icon BCH-icon Tron-icon XRP-icon Cardano-icon BNB-icon Tether-icon
    Main Features
    • Many cryptos available
    • VIP
    • Generous welcome bonus
    • Fast Withdrawals
    Blockchain tron logo
    Customer Support
    Email Live chat
    Licences
    Antillephone Licence Validation Curacao
  6. CloudBet Casino CloudBet Casino Review
    4.9/5
    • Popular casino
    • Sportsbook with eSports
    • Some of the best odds
    Summary

    CloudBet Started out as just a Bitcoin casino and since then has expanded to include a range of cryptocurrencies. A huge welcome bonus and fantastic casino games makes CloudBet a top name in crypto gaming.

    Accepted Currencies
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    Main Features
    • Popular casino
    • Sportsbook with eSports
    • Some of the best odds
    Blockchain tron logo
    Customer Support
    Licences
    Curaçao (CGCB)
  7. Thunderpick Casino Thunderpick Casino Review
    4.1/5
    • Esports
    • Sportsbook
    • Up to $500 welcome offer
    Summary

    There’s never a dull day at Thunderpick casino. Over 3000 games are available to play, paired with great rewards and bonuses for players using Bitcoin and other cryptocurrencies. Here is everything you need to know about the operator.

    Accepted Currencies
    Bitcoin-icon Ethereum-icon DogeCoin-icon Litecoin-icon Tron-icon Tether-icon XRP-icon BNB-icon
    Main Features
    • Esports
    • Sportsbook
    • Up to $500 welcome offer
    Blockchain tron logo
    Customer Support
    Email
    Licences
    Antillephone Licence Validation Curacao
  8. Bets.io Casino Bets.io Casino Review
    4.5/5
    • Daily Cashback
    • 89 live casino titles
    • crypto rewards
    Summary

    An award winning Bitcoin casino gives players one of the best selections there is. More than 3,000 games are combined with top class bonuses to give crypto players an amazing experience.

    Accepted Currencies
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    Main Features
    • Daily Cashback
    • 89 live casino titles
    • crypto rewards
    Blockchain tron logo
    Customer Support
    Live chat
    Licences
    Curaçao (CGCB)
  9. Fortune Jack Casino Fortune Jack Casino Review
    4.9/5
    • Generous welcome bonus
    • Popular games
    • Easy site navigation
    Summary

    With almost a decade of experience, Fortune Jack is a casino that’s well regarded on the market. Excellent crypto payment options are combined with elite casino games to make this a wonderful casino choice.

    Accepted Currencies
    bitcoin-icon litecoin-icon dogecoin-icon ethereum-icon zcash-icon tron-icon tether-icon usdc-icon dash-icon
    Main Features
    • Generous welcome bonus
    • Popular games
    • Easy site navigation
    Blockchain tron logo
    Customer Support
    Email Live chat
    Licences
    Curaçao (CGCB)
  10. Bitsler Casino Bitsler Casino Review
    4.1/5
    • Many cryptos available
    • Quality Casino Games
    • Esports
    • sports betting
    Summary

    Bitsler is a crypto casino owned and operated by Oyine N.V. This is a Curacao-based company with an Antillephone Curacao license and players have a lot to enjoy with some of the best game selections available on the market. We’ve taken a deep dive into what’s offered by Bitsler Casino.

    Accepted Currencies
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    Main Features
    • Many cryptos available
    • Quality Casino Games
    • Esports
    • sports betting
    Blockchain tron logo
    Customer Support
    Email
    Licences
    Antillephone Licence Validation Curacao
crypto-betting

Bonuses and Promotions

Sportsbooks use bonuses and promos as a marketing tool for attracting clients amid cutthroat competition in the industry. For gamblers, this is the perfect chance to bankroll their gambling without having to dig deeper into their pockets. There are numerous types of bonuses and promos. However, you need to remember that although they all work differently, the concept is straightforward to understand.

How to Get a Bonus

You can get a bonus by signing up in a bonus casino and depositing some funds to activate a deposit matched-up welcome bonus. New players can also claim other perks like free spins and no deposit bonuses. Most of these are easy to claim by simply hitting the “Claim Bonus” button. In some cases, however, you may need a bonus code to trigger a crypto betting bonus.

Types of Sports Betting Promotions

Sportsbetting bonuses dappGambl

  • Matched-up bonus: This is possibly the most common of all bookmarker bonuses. Typically, the casino will require you to deposit funds in your account to activate this bonus. For example, the operator can offer to give you something like a 50% bonus matching every deposit you make. So if you fund your account with $100, you receive an extra $50 to bring your total balance to $150.
  • Free Bet Bonus: Players receive free bet bonuses after placing wagers like a matched-up bonus. A typical promo would look like this; wager $20 and receive two free $5 bets.
  • Risk-Free Bets: As it sounds, these are bets with zero risk attached to them. Players must use their own money to wager. If they lose, the casino refunds all the cash back to their balance. The refund could either be in cash format or as free bets worth the same amount.
  • Money back: Money back offers are also called cashback promotions. The sportsbook refunds a portion of money you have spent on your bets over a certain period. Cashbacks are mostly calculated as a percentage of your total losing bets for the eligible period.
  • First Win Bonus: This is a bonus given to a player if the first bet for a certain period wins. Bets on high odds attract a bigger reward than smaller odds.
  • Sign Up Bonus: Also called a welcome bonus. Crypto betting providers offer these bonuses to new account holders. You can only claim them after signing up. Existing players are not eligible.
  • No Deposit Bonus: No deposits are welcome bonuses awarded without the prerequisite for customers to first fund their accounts.
  • Reload bonuses: These bonuses and promos target exiting players in a casino. How it works is that a bookmarker awards you a prize when you reload your account. Reload bonuses were designed to encourage players to keep on betting.
  • Enhanced Odds: The sportsbook can sometimes pick specific markets and award you bigger than average odds. This bonus is commonly used by gambling providers that want to promote particular sports.
  • Boosted Parlays: Parlay bonuses are awarded according to a player’s legs. The more legs a gambler adds, the higher the prize grows—for example, 3% bonus for four legs, 4% for five legs, and so on.

Best Wallets to Use for Crypto Betting Sites in 2023

A crypto wallet allows you to store and transfer your cryptocurrency safely. Fully understanding crypto wallets can be difficult for beginners, which is why we provide the best guide for new players. If you’re already well-versed in crypto wallets, you can find the best crypto wallets below:

  1. Ledger Nano X: Best Offline Wallet for Beginners.
  2. Coinbase Wallet: Best Hot Wallet for Beginners
  3. Trezor Model One: Best Low-Cost Hardware Blockchain Wallet
  4. Exodus Wallet: Best Desktop Blockchain Wallet
  5. Coinomi Wallet: Best Hot Wallet for Anonymous Transactions

Here, you can find a choice for every scenario you might encounter.

How to Pick the Best Crypto Betting Sites

Many crypto betting sites have a smooth interface, great bonus bonuses, and a variety of sports to bet on.

But, as easily as you’ll find a legitimate betting site, you’ll also find scam sites. In fact, the number of scams is significantly more than the number of authentic websites. So being well-informed is extremely important when you’re using these types of sites.

Because you keep your digital currency in your wallet, you sometimes have to share your personal and financial information while registering. If the website isn’t legit, they can steal your personal information.

You should evaluate the top crypto betting sites and choose an authentic website. If you want to make an informed decision check the following methods:

Use Trusted Info Websites Like dappGambl

Websites such as dApp Gambl share the latest information on different gambling and betting websites. These sites help users to identify genuine websites and make informed decisions. You can find comparisons between platforms, reviews, and pros and cons.

Checking these info websites can help you choose the right tool to earn money. If you don’t have information about betting platforms, you can navigate these websites and conduct research.

View Ratings and Find Reviews

Review is an important tool to determine the authenticity of a website. Never make decisions without checking other people’s experiences because reviews can say a lot. People can write about a certain bad experience, excessive bugs on the platform, a complicated interface or share concerns about the casino’s practices.

Just like when you buy from Amazon, if you find a crypto betting site with more bad reviews than good ones, it’s a sign that you shouldn’t give them your money (or your info).

You can tell whether the website has payout issues, poor customer service, and bad games without creating an account on the site. You can learn from people’s experiences and make an informed decision. That way, you can prevent identity theft and scam.

But, even if you find a website with good reviews, it doesn’t mean that it’s a good site. Many developers get fake good reviews to attract gamers. Identify those websites by checking the names of the people who posted the reviews, fake reviews tend to be easy to spot.

Does the Crypto Betting Site Support your Country?

Geo-blocking is common within the crypto-betting world. It’s essential to make sure you can play at a site before signing up. Although you can sometimes use a VPN to get around geo-blocking, it may be against the terms and conditions. This will put your funds at risk, so you must weigh the risk.

Check Security and Encryption Features

Keep your info safe and evaluate different platforms and compare their security features.

Choose a platform that encrypts your information to prevent any cybersecurity threat. When you keep your money on a platform you have to make sure that they are authentic and take the proper measures to ensure your information is safe.

Check Payment Methods Available

If you want to play using crypto, you must check the available payment methods. It’s not just a case of looking to see if cryptocurrency is accepted, either. You will have to look to see which cryptos are accepted. For example, if you want to play using Cardano but it’s not accepted, you will have to find another site or use another crypto.

Is the Crypto Betting Site end-to-end Crypto?

End-to-end crypto means your payment connections are encrypted between you and the site. This significantly reduces the possibility of hacks and data theft. It can also mean that all payments directly use crypto and are not converted to other funds when you deposit. Hybrid casinos will often convert your funds into fiat once it confirms the deposit. End-to-end crypto payments are the most secure method, so if security is important to you, you should look out for this.

Low Crypto Banking Fees

Sending crypto will almost always incur gas fees. When choosing a site, you want to ensure it doesn’t add to these fees. If there are additional costs for making deposits and withdrawals, it might be worth looking for another site to play at.

Selection of Bonuses

Sportsbooks bonuses can help to boost your crypto bankroll. A good choice can help make a crypto site stand above others on the market. Crypto sportsbook bonuses can be more diverse than standard bonuses as well. For example, you might get regular odds boosts, providing extra value for players. Finding the best bonuses for you can make your experience far superior.

Check the List of Sports the Site Offers

Making sure the sportsbook offers your chosen sport is vital. If you’re an NBA fan and it’s unavailable, it instantly makes the site worthless to you. Usually, this won’t be a problem for the more popular sports. However, you will have to check if you want to bet on e-sports or something less popular.

Check their Support Team

Customer support can make or break a site. If you have an issue, you need to know that help will resolve it fairly. Most sites will allow you to check the support before signing up. Spend time checking it out and ensuring that it provides the required service.

Make Sure It’s Easy to Use

Another factor to consider while choosing a platform is its usability. The simpler a website is to navigate, the more usability rating it will secure. Complicated websites with poor experiences say a lot about the people who developed them.

Crypto Betting Sites: Red Flags

Crypto betting Red Flag dAappGambl

Since there are numerous websites on the internet, picking the best site becomes a major problem. If you want to make an informed decision, consider these red flags while choosing the crypto betting site:

  1. Inspect the website before filling out the registration form.
  2. If the bonuses are too good to be true, they probably are
  3. Always read the privacy policy while choosing an online betting platform. If the privacy policy is unclear, you shouldn’t register with the platform.
  4. Check customer support before getting registered. If the customer support is non-existent and unresponsive, you shouldn’t get registered.

Pros and Cons of Playing Crypto Betting Site

Since the introduction of blockchain, more and more eSports websites are moving to the decentralized format. Their goal is to offer advanced features and securities to their users. 

Choosing a crypto payment processing method for betting gives players many benefits. They can instantly deposit or withdraw cryptocurrency from their account. Here are some pros and cons of crypto betting platforms:

Pros

1. Decentralization:

The first benefit of a crypto betting website is a decentralized system. This means that there is no central authority to regulate the website. You have complete control over your transactions and money.

2. Security:

Blockchain technology is a safe and secure network with advanced encryption and anti-hacking features.

3. Privacy:

Crypto betting sites are transparent as well as private. This means that anyone can see your purchase and sell in the public ledger, but they can’t access your personal information. Also, they won’t know that it’s you who is making a transaction.

4. Instant Delivery:

Gaming enthusiasts prefer crypto betting sites because they can instantly transfer their money from a cryptocurrency wallet. Unlike, traditional methods, they don’t have to wait for days and even weeks to receive their payments.

5. Low Transaction Fees:

Cryptocurrency removes the need for middlemen to complete the transaction. It uses a decentralized network that connects you directly to the market. That way you can save a significant amount of money on your transaction charges. Besides paying low transaction fees, you receive a faster processing service. 

6. Subject to Inflation:

The volume of the cryptocurrency growth is predictable. We know that the total issued Bitcoins is limited to 21 million. Unlike fiat currency, these currencies have little impact on the global economy.

Cons

1. Volatility:

The cryptocurrency market is highly volatile. This means that the value of the currencies goes up and down in seconds. Every day you may notice a huge fluctuation in the market. This happens because of increasing demand and consistent circulation.

2. Work in Progress:

Crypto betting sites are still new in the betting industry. These platforms need more time to become more accessible. There are numerous problems in the platform that can be easily resolved. But developers can’t resolve those issues because there is little awareness and guidance. The pace at which the number of websites is increasing is remarkable. Experts can anticipate that crypto betting sites would be popular throughout the world in a few years.

3. Not a Go-to Payment Method:

Experts suggest that cryptocurrency shouldn’t be considered a primary payment method. 

4. Untraceable:

No matter how much you talk about the benefit of cryptocurrency as an anonymous instrument, it also acts as a disadvantage. There is a huge risk of fraudulent activities and security threats. 

New Bitcoin Betting Site Profiles

Many developers are introducing a Bitcoin website for esports. The major reason is that, unlike fiat currencies, bitcoin transactions are anonymous. Neither your bank nor the government can record your betting activities. That’s one of the major reasons for the popularity of bitcoin betting sites. Besides anonymity, there is a wide range of benefits to creating new bitcoin betting site profiles.

1. Quick Transactions

Many users choose Bitcoin payment method for high-speed transactions. Choosing a platform that offers instant deposit and withdrawal options offers near-instant transfers.

Transacting through traditional centralized banking can take hours, days, and even weeks. The transaction will depend on your local bank and the developer’s bank. 

2. Exciting Rewards

Crypto betting sites create a lot of excitement by offering rewards, perks and membership on their sites to add value to their clientele.

This means that you can potentially earn exciting prizes even before spending your money. Aside from welcome bonuses, you can use referral, deposit, and activity bonuses. 

3. Huge Deposits

Traditional online betting websites limit users on withdrawal and deposit amounts. For instance, some websites allow their users to bet less than $500. Many crypto betting sites allow you to deposit thousands per day in a few minutes.

4. Reduce Effects of Price Volatility

You might already know that cryptocurrency is a volatile market. The prices of the currency fluctuate rapidly. That’s why the betting websites immediately convert winning Bitcoin into USD. The algorithm of the Bitcoin betting site receives Bitcoin at the current rate and converts it into the US$. 

You don’t have to worry about converting the winning amount into US$. This process saves you from the negative effects of fluctuating Bitcoin market.

Tips for Betting on Crypto Betting Sites

If you want to bet effectively, there are some tips to help you on that journey. Profit is never guaranteed when betting on sports with crypto, but you can increase your chances of success with our guidance.

Educate Yourself

Learn about as many aspects of crypto sports betting as possible. Learn about different odds, methods of betting, and devour stats. Putting all of this together will help you to become a better bettor. The more time you spend learning about successful betting, the higher your chances of being successful yourself.

Study Effective Tactics

There are lots of sports betting tactics out there. There are betting systems and betting strategies. Both can be put together to give you a better chance of success. Betting systems are ways that you approach your sports betting choices. An example could be that you choose to bet on home teams more often than away teams. Most systems will be more complex than that and will provide a better statistical chance of being a success.

Strategies are usually related to your bankroll. Managing your bankroll is another vital aspect of having an effective tactic. A bankroll management strategy will allow you to choose the right wager size for each bet.

Enrol in an Online Community

Online communities are a great way to instantly access vast swathes of knowledge. When you join an online community, you can discuss different areas of crypto sports betting with like-minded bettors. You can also find out early information that sportsbooks might not be aware of yet. These communities can be an excellent way to find good value bets and increase your knowledge.

Crypto Betting Sites with the Best Odds

Finding crypto betting sites with the best odds can be quite a difficult task. There are a huge number of different sites out there, and it’s almost impossible to look over all of them. However, what you can do is look over the different sites that we have covered in our reviews.

This is because any site that offers sports betting will have a section that talks about the odds that are offered. Looking over this will give you an insight into what odds are available. On top of this, there are a few additional ways that you can go over to try and find the best possible odds.

Look for Sites that have Regular Offers

This is a great way to increase the odds that are available. A lot of sites will do odds boosts during certain events. So, even if you’re playing at a site that doesn’t traditionally offer high odds, when boosts are added they can become generous. It’s times like these that it’s worth being signed up to more than one sportsbook. This will allow you to pick and choose which odds are the best for you at the right time.

Find a Site that Offers In Play Betting

This is a fantastic way to increase the odds that are available. In play betting is essentially when you place a bet while the game is still going on. It is a great way to increase the odds because the odds are updated in real-time. So, events that take place during the game will change what odds are offered. If the favourite goes behind early on, it means you can get better odds of them coming back to win. Using this to your advantage is a superb way to get better payouts.

Crypto Betting Sites That Allow Live Betting

Most crypto sites that feature sports betting will offer the opportunity to carry out live betting. As previously mentioned, live betting is when you bet on a sporting event as it is taking place. There are a lot of different options available but we’ve covered some of the best below.

Casinos that accept cryptocurrencies, like Stake Casino, Fortune Jack, 1xBit and Sportbet, are all sites that allow players to enjoy live betting. Check out our reviews for each site to see which one can provide the overall service that you require. Once you’ve signed up for an account you can easily start crypto betting on live events as they are taking place.

Live Play Betting Sites

Casino
Rating
Bonus
Features
Payments
Banking
Licenses
Stake Casino
Stake Casino Review Visit Casino
4.9/5
Top notch VIP program, Provably Fair Games
Exclusive Bonus: 200% up to $1000!
  • Personalised bonus offer
  • Provably Fair Games
  • Sportsbook with eSports
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Fortune Jack Casino
FortuneJack Casino Review Visit Casino
4.9/5
Up to 6 BTC or $1200!
  • Generous welcome bonus
  • Popular games
  • Easy site navigation
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10
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1xBit Casino
1xbit Casino Review Visit Casino
4.5/5
Up to 7 BTC
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Min Deposit:
10
Max Withdrawal:
5000
Sportbet
Sportbet Casino Review Visit Casino
4/5
Shared House Profits
  • Provably Fair Games
  • Shared House Profits
  • Sportsbook
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Min Deposit:
-
Max Withdrawal:
-

Best Types of Sports Bets

One of the biggest positives surrounding crypto sports betting is that there are a lot of markets available to players. It means there are plenty of choices, which gives more chances for success. If you want to be successful, it’s essential to understand how each bet works. Without this, you will be shooting in the dark, which is the worst way to bet.

You can learn about our favourite sports betting markets below:

Parlay Betting

Parlay betting is when you choose multiple single bets and combine them into one bet. This will increase the potential payout compared to if you had placed each bet individually.

An example could be three single bets with odds of 2.00. If you placed 1 BTC on these three bets, you would get 6 BTC back from 3 BTC wagered. If you put them into a parlay, you’d get back 8 BTC from a 1 BTC wager. The risk does increase in this situation, as if a single leg loses, then your whole bet loses.

An excellent way to approach parlay betting is to create round robins and other special parlays. These are bets that will place multiple different bets based on the different combinations that are possible.

A four-bet round robin would create 6 two-bet parlays, 3 three-bet parlays and a single four-bet parlay. This would be a total of 11 bets, and you could split your total stake evenly between each of the bets. It slightly reduces your potential payout but does mitigate some of the risks if one of the legs loses.

Over/Under Markets

The premise behind over/under markets is you bet on a specific aspect of a game and whether that aspect will be over or under a specific value. This may sound quite convoluted and require an example to explain it fully.

If you choose to bet on the total number of goals in a Premier League match, you will use the over/under market. So, if you bet on over 2.5 goals in a game, your bet would win as long as both teams combined scored at least 3 goals. You can apply this to any aspect of the game and any sport. You may want to bet on the number of throw-ins, cards shown or corner kicks taken. All of these are available, with the equivalents offered with other sports.

This market is best used in conjunction with research and in-play betting. If you discover that Arsenal often scores goals in the 70th minute and later, you may bet on another goal being scored in the 69th minute. Placing it then would allow you to maximise the odds of this particular bet. So, if the score was 0-0, you’d bet on over 0.5 goals being scored.

Spread/Handicap Betting

Spread betting is when you choose a specific spread of points to handicap one of the teams playing. A handicap will increase or decrease the odds offered, allowing you to find the best bet for your needs.

If you’re betting on the NFL, spread betting is especially popular. One example could be the Raiders and the Dolphins playing each other. You may see a spread offered in the following form:

  • Dolphins +6.5 (1.85)
  • Raiders -6.5 (2.00)

The first number after the team name is the handicap applied to their score. The second number is the odds that the bet is offering. You may see the Dolphins as the best bet here and decide to place that bet. In this situation, your bet would win if the Dolphins lost by 6 points or less. If the Raiders won by 7 points or more, your bet would lose.

Spread betting provides the best value when it offers good potential odds on two closely matched teams.

What are the Odds for the Different Types of Bets?

There’s no way to understand exactly what the odds are for each individual bet. This is because they can be different for every single game. However, there are certain things that you can take into account when it comes to placing your bets. These are as follows:

  • Different types of odds
  • Methods for increasing odds

Different Types of Odds

There are three main types of odds on the market at the moment. Each one can be shown depending on the site that you’re playing at. Some sites allow you to choose how the odds are expressed, so you can choose the type that you’re most comfortable with.

Fractional Odds

This is probably the most common way that odds are expressed. You may hear people say things like 5 to 1 when talking about odds. This would be shown as 5/1 at your sportsbook. It essentially means that for every 1 unit you place on the bet, you will get 5 back as winnings. So, if you placed 1 BTC on a team to win a soccer game, you would win 5 BTC if you bet correctly. This would be a total return of 6 BTC due to your winnings being paid back as well.

Decimal Odds

Decimal odds are growing in popularity at the moment. They work just as you might expect, by expressing the odds as a decimal number. So a bet on the favorite to win might be shown as 1.5. These odds will always have at least a value of 1 because your wager being returned is accounted for with the odds. The way to use these odds is to simply multiply the decimal by your stake.

So, a wager of 2 BTC with odds of 1.5 would return 3 BTC.

Moneyline Odds

These are also known as American odds. They are expressed with a + or – before the value. So, a bet on an underdog might be shown as +200. This basically means that you would need to wager 100 units in order to win 200 units. As such, a 100 BTC bet would return 300 BTC. That would be the 200 BTC in winnings and the 100 BTC returned.

If the odds are shown with a – sign, then it is slightly different. When it is shown like this, it means that is how much you would need to wager in order to return 100 units. So, a -300 would need a stake of 300 BTC in order to win 100 BTC. It means the 300 BTC bet would return 400 BTC in total. 100 BTC winnings and 300 BTC as the stake returned.

Methods for Increasing Odds

This is something that many people don’t pay a lot of attention to. There are three main ways to increase the odds that you are offered on a bet.

Shop Around

This is so simple. We’ve already covered it earlier on. All you need to do is look around for who has the best odds at the moment. This means looking for offers and playing at the sites that provide the best odds in general.

Create Parlays/Accumulators

A parlay, also known as an accumulator, is when you combine a number of single bets into one bet. So, you might bet on five different games. If all five games win then your bet will win. If one loses, then your bet loses. This combines the odds for all of the bets and creates a higher payout than if you had placed bets on each game individually.

In Play Betting

As we have already established, this is a great way for you to increase the odds that are available. Just keep your eye on the game and from there you can get some top class odds, especially if things go wrong for your chosen bet early in the game.

crypto sports betting

What is Value Betting?

Value betting is when you place a bet that statistically has a better chance of winning than the odds provided. To understand this, you need to know the probability of your bet. A simple example would be if a sportsbook set the odds on Man City to beat Liverpool at 2.00.

You work out the probability using the sum of 100/2.00. This gives a probability of 50%. If Man City were at home, were in good form, and Liverpool had lots of injuries, the chance of a Man City win would statistically be higher than 50%. In this situation, a bet on Man City would be a value bet.

Value betting doesn’t guarantee a win, anything can happen in sports, after all. What it does do, is allow you to approach each bet statistically. Over a long period of time, this should increase your chances of making a profit.

What is the Process for Signing up and Creating an Account?

Signing up to a crypto betting site is a very simple process. It just takes a few simple steps to find the right site for you.

First you need to look at what it offers. If you want to play with Bitcoin Cash or want to bet on basketball, then make sure those options are available. Our reviews will help you along with that. Once you’ve found the site you like, just click the link in our review to start the process.

Once there, all you need to do is click on the sign up or register button. This will then take you through the process. Just make sure that you have the right crypto wallet available first or it will be an extra step to carry out after signing up.

How do I Deposit Funds into my Account?

It’s so simple to go through this process. Make your way to the account profile at your site. Once here you can make the deposit to the site wallet. All you need to do is send it from your own crypto wallet. As soon as it has been processed you’ll be able to start playing.

Conclusion

Finding the best crypto betting sites is not difficult. You just have to know what you’re looking for and create a list of top cryptocurrency betting platforms. Now evaluate each platform from the list to identify the best option. The above-mentioned information will help you choose the right crypto betting website. Once you find the site, you can place bets and win exciting rewards. 

FAQ

Are Crypto Betting Sites Safe?

Crypto betting sites mostly work in the same way as other sports betting websites. Bitcoin, Ethereum or similiar cryptocurrencies are a secure payment method. Also, you can instantly deposit and withdraw the amount from your mobile phone.

In terms of safety, crypto betting sites have some problems. Various scam websites offer exciting rewards, but once you register with them, they will steal your money or your information. 

You can easily avoid these sites by choosing the right platform via dappGambl, which is supported by the community and has a following of people who support it and actively lookout for scams. 

Why You Should Create a New Crypto Betting Profile?

Crypto betting sites can be a fantastic way to add some fun to betting safely and anonymously. 

This means that you have the freedom to place the bets on your favorite team and earn rewards. But, before that, you have to register with a reliable platform that offers your crypto payment options of choice.

 

Why Do Gamblers Love Crypto Betting?

Betting with digital coins has many advantages. Gamblers can bet pseudonymously without revealing their full identify online. Crypto gambling also means lower transaction costs, greater speeds and unmatched safety.

Are There Any Fees Associated With Placing a Bet?

No there aren’t. There might be some fees when making deposits and withdrawals, but for placing the bet itself no fees are applied.

What is the Customer Service Contact Information?

It all depends on the site that you’re playing at. Some sites will offer contact information on a dedicated page. However, others will only allow for contact through an email form or live chat. You will be able to find this out purely by taking a look at the support or contact pages on your chosen site.

Is it Legal to Place Sports Bets with Crypto?

As long as you’re playing in a region with legal sports betting, crypto sports betting is legal. You will need to look at local tax laws relating to crypto betting, but in terms of legality, it will be legal to bet with crypto.

Can I Bet Anonymously with Bitcoin?

It all depends on the site that you choose. Some sites will have KYC verification in place. At these sites, you won’t be able to bet anonymously. As long as the site doesn’t have KYC, then you should be able to bet anonymously when you use Bitcoin.

How Long do Crypto Deposits and Withdrawals Take?

Crypto deposits and withdrawals are usually completed instantly. Sometimes it can take a little bit longer, especially if the blockchain is busy. It means you can wait a small while for the completion of payments. However, rarely, it takes longer than an hour for a payment to be completed.

Are there any Fees Associated with Deposits, Withdrawals, or Bets?

Bets don’t usually have any fees associated with them. Some sites may add commission on some bets, but this isn’t a regular occurrence. Almost all deposits and withdrawals will have a gas fee. This small amount of crypto sends your larger payment across the blockchain. Some sites will also charge extra fees for payments, but you can avoid them if you wish.

Will Wood
Written by Will Wood verified symbol Crypto Gambling Expert
28 Articles

Will is a professional writer who has been active in the crypto space since 2016. With a growing portfolio and a keen interest in blockchain technology, he is always on the lookout for anything new that can have a positive impact on the world.

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Reviewed and Fact Checked by Vlad Hategan , NFT Gaming Specialist