The Best Sites For Bitcoin Sports Betting

Over the past few years, new technologies are rapidly changing the online sports betting landscape. For example, there’s mobile betting, the rise of eSports as an exciting niche for sports betting, and live streaming for in-play betting. All these tools help promote a more convenient and exciting way to follow scores and bet on one’s favorite teams. 

Another emerging technology is shaping the online betting industry: Bitcoin and blockchain technology. While it works like your traditional payment options, Bitcoin offers a faster, cheaper, and more private way of depositing and withdrawing funds. Thanks to its benefits, dozens of established sportsbooks now accept Bitcoin, and a few, are recognized as Bitcoin-only or crypto sportsbooks. But here lies the challenge for many bettors and sports fans: how does one compare and pick the best sites for Bitcoin sports betting? 

This article, we help you compare the best sportsbooks for crypto gambling. In addition, we also provide you with tips and a few suggestions on how to improve your Bitcoin sports betting experience.

Quick Navigation

• Things To Consider When Choosing A Bitcoin Sports Betting Site
• Advantages of Sports Betting With Bitcoin
• Disadvantages Of Using Bitcoin For Sports Betting
• Best Bitcoin Sports Betting Sites
•  Bitcoin Sports Betting FAQ
• Final Thoughts

Things To Consider When Choosing A Bitcoin Sports Betting Site

While we have our preferences and wants, there are a few non-negotiables regarding a safe and rewarding Bitcoin gambling experience. When comparing the top Bitcoin sportsbooks, let’s review the top factors every bettor must consider.

Reputation and Regulation

One of the first things to consider is the sportsbook’s reputation and licensing. Pay attention to the sportsbooks’ approved remote licenses and if the sites accept real money bets from US players. Online betting is a hot-button issue in most US states, and not all states allow online sports betting. Check the bookmakers’ Terms and Conditions, particularly the licensing and restricted countries sections.

Although having a remote license increases the bookmaker’s credibility, there are a few unregulated betting sites with impressive reputations and backgrounds. Traditionally, these unregulated sportsbooks are run by established gambling companies with a long history in the betting business. In addition, these reputable sportsbooks feature good ratings and feedback from many player communities.

Available Betting Markets

A memorable betting experience also depends on the diversity of the available betting markets. In online betting, the betting market refers to a specific category of bets on a particular event. Sportsbooks often feature multiple betting markets for each sport or event. For example, bettors will find at least three popular betting markets in basketball: Moneyline, Point Spread, and Over/Under. In Moneyline, the bettor puts his money on the game’s winner. Another popular bet is the Point Spread, where you wager on the point difference between the two teams. Finally, there’s an Over/Under bet where you wager on the combined final scores of the two teams. Every sport may have its betting markets, so you must first review the offerings before signing up for an account. In addition, consider if the sportsbook offers both pre-match and in-play betting. And if it offers live betting, it’s best that the site also offers live streaming.

Betting Odds

Don’t forget to review the site’s betting odds and how these are displayed. But first, a few words about Bitcoin sports betting odds and why they matter. Operators publish betting odds as a way to represent what they believe is the likelihood is of an event or result happening. Traditionally, sportsbooks display adds in fractional (2/1) or decimal (3.0) formats. In some US sportsbooks, it’s common to find betting odds in American format, say +200. 

In top BTC sportsbooks, the decimal format is the most widely used. Let’s say that a sportsbook lists a 2.2 odds for Novak Djokovic to win the 2023 Australian Open. If you wager and win, you earn $2.20 for every $1 invested, including the bet. In addition, odds also tell you the probability of the event happening. The lower the odds, the greater the probability. So if the site publishes an event with two betting odds, 1.50 and 1.90, the one with the lower odds is more likely to happen. 

As such, studying and comparing the betting odds is essential before putting your bet. A small difference in odds goes a long way in earning a win and a huge payout.

Bonuses and Sports Betting Promotions

You can also improve your betting experience by looking at the available bonuses and sports betting promotions. At Bitcoin sportsbooks, bettors can earn bonuses upon registration or when depositing additional funds. It’s common to find a betting site that doubles your initial deposit up to $100. If you’re lucky, you can collect bespoke Bitcoin bonuses if you decide to deposit using crypto. 

BetUS, for example, boasts a 200% Crypto Sign-Up Bonus on the first crypto deposit. TrustDice and BetOnline are two more examples of crypto betting sites with Bitcoin bonuses for their regular players.

Advantages of Sports Betting With Bitcoin

As a relatively-new banking option in many sportsbooks, it’s understandable that some bettors have more questions about Bitcoin and crypto. If you’re still looking for reasons to make a shift to Bitcoin and crypto, then you can read our short guide below.

Faster Deposits And Withdrawal

Payments are faster in Bitcoin and crypto sportsbooks. If your card payments can take a week in traditional bookmakers, Bitcoin transactions are ready in minutes or instantly. Some casinos may require up to three confirmations, normally completed in minutes.

Secure and Primarily Anonymous Payment

Aside from the lightning-fast speed of transactions, Bitcoin is one of the most reliable and secure online payment methods available today. All transactions on the Bitcoin network are encrypted on the blockchain. Once your Bitcoin payments have been ‘confirmed’, which means it’s added to the blockchain, there’s no way to reverse it. In addition, there’s no need to worry about over-sharing information when depositing funds. You must share your crypto wallet address or scan the QR code to deposit.

More Exciting Bonuses

The Bitcoin sports betting market is highly competitive, so operators offer bigger and better bonuses. For a start, most sportsbooks offer a signup bonus, reload bonus, boosted odds, and cashback. In some premium betting sites, bettors can find a bigger deposit bonus when depositing using Bitcoin or other cryptos. It’s also common for many sportsbooks to feature a VIP or Loyalty Program that rewards players for their loyalty.

Disadvantages Of Using Bitcoin For Sports Betting

While betting with Bitcoin has many advantages, it also has a few drawbacks that must be considered. Before you deposit and wager real money, understand a few of these advantages.

No Refunds

With Bitcoin, transactions are irreversible. As a result, you’ll never get a refund if you send BTC to the wrong address.

Tip: Never type a wallet address. Instead, use copy and paste. And even with this method, double-check that the wallet address is correct before confirming the transaction. This is important because the is malware out there that can alter your clipboard and change any BTC address you copy to the hacker’s wallet address.

Highly Volatile

Bitcoin’s high volatility can be both good and bad because the constant price fluctuations translate to potentially huge profits or a decreasing value for your holdings. For example,  Bitcoin traded as low as $3,500 in March 2020 but is currently trading at around $19,000 (September 2022). 

Fortunately, volatility-averse bettors can bet with stable cryptocurrencies like Tether (USDT), which is accepted on most Bitcoin sportsbooks.

Best Bitcoin Sports Betting Sites

After testing and looking at the user experience on various Bitcoin sportsbooks, below are some of the Bitcoin sports betting websites that we recommend.

Cloudbet

Cloudbet is one of the oldest and most popular Bitcoin sportsbooks. The website has offered sports betting with BTC and other cryptocurrencies since 2013. Cloudbet offers a neat and highly professional betting interface that bettors to browse the different sections and place their bets easily. Cloudbet serves over 100,000 bettors who prefer to bet using Bitcoin, Bitcoin Cash, Ethereum, and other altcoins.

 

CloudBet

As a top-notch crypto betting site, Cloudbet offers a betting platform that’s not hard to like. The sportsbook section boasts pre-match and in-play betting for BTC markets, covering some of the biggest sporting events and leagues worldwide. Cloudbet’s sportsbook accepts bets on over 35 sports, including eSports, tennis, and basketball. The website features an exciting eSports section where you can follow your favorite teams and leagues to play Dota 2, CSGO, and the League of Legends. eSports matches are live streamed to allow in-play betting.

One major downside is that each event’s betting options are quite small compared to other popular Bitcoin bookies like 1xBit. In addition, Cloudbet’s Welcome Bonus for new bettors is not instantly credited to the account. Players need to collect Welcome Bonus Points by wagering real money, and a portion of the bonus is released for every 150 Points earned.

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1xBit

1xBit is another reputable Bitcoin betting site that offers an exciting platform to bet on sports. Established in 2016, 1xBit boasts a far more diverse gambling site perfect for experienced bettors and sports fans. This website offers dozens of betting markets representing over 30 sports and events. Football, tennis, and basketball are some of the most popular sporting events to wager on. In addition, there are betting markets too for snooker, futsal, and Mixed Martial Arts. 

The sportsbook’s primary advantage over the competition is its friendly Cashier section. In our 1xBit review, we found more than 200 payment options covering both traditional banking methods and cryptocurrencies like Bitcoin and Ethereum.

1xBit’s user interface may not be the best in the business, but it still provides its customers with a solid platform with some necessary betting tools. For example, bettors can use the Cash Out and Bet Builder options. Use the Cash Out feature to minimize the possibility of losing all your stakes. And the Bet Builder at 1xBit allows you to accumulate several bets into a single bet.

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Fortunejack

FortuneJack was originally launched in 2014 as a cryptocurrency casino but began offering sports betting in late 2018. Using its expertise in online casino gambling, FortuneJack has positioned itself as a top Bitcoin sportsbook. The site offers over 35,000 monthly events covering 27 sports and has a live betting feature. Each event comes with a wide range of betting options and attractive odds.

At FortuneJack, sports fans and bettors can follow and wager on dozens of sports and leagues. However, the biggest sports betting markets focus on soccer, American Football, basketball, and tennis. On its sportsbook section, you can easily browse the operator’s most popular events and leagues, including Champions League, Premier League, La Liga, and Serie A. 

To start betting, click on a sport or event to browse the available betting odds and their respective odds.

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 Bitcoin Sports Betting FAQ

Final Thoughts

Betting with Bitcoin offers sports fans and bettors a more exciting way to enjoy sports and follow their favorite teams. In addition to its fast, private, and cheaper transactions, Bitcoin betting gives players access to bespoke promotions and allows them to join a growing community for Bitcoin and blockchain technology. So, it’s no longer surprising to see several sportsbooks adding Bitcoin and cryptos to their list of preferred betting options. 

But in online casinos, it pays to play at a reputable Bitcoin sportsbook. Watch out for the site’s remote license, its reputation in the community, diversity in betting markets, and available bonuses and betting odds. For complete coverage of some of the best BTC betting sites, you can always check our reviews on this website!