Players, investors, and even billionaires enjoy betting on sports today. It’s a very lucrative business to engage in as the potential profit margins are significantly higher than those of other conventional betting mediums.
But aside from this, there are a lot of benefits that you can take advantage of by betting on bitcoin sportsbooks.
One of the biggest benefits is that you will be able to bet at any time and from anywhere since it’s available for 24/7 transactions.
And let’s be honest, bitcoin sports betting sites are growing exponentially in numbers.
Furthermore, there are no geographical restrictions imposed. This means that players can place their bets regardless of where they are in the world as long as they have access to the Internet.
And lastly, the processing time for your winnings is a lot faster than most other methods so you won’t have to wait too long before receiving your cashback.
So, without further ado, let’s go straight to our Top Ten Bitcoin Betting Sites list.
Top Ten Bitcoin betting sites
BetMoose.com
If you are looking to get into the world of online sports betting, BetMoose is a great option.
They offer a wide range of markets to bet on, and they only accept Bitcoin transactions so you know your funds are safe. Plus they have one of the more user-friendly interfaces in the industry, making placing bets easy.
So if you are looking for a trusted and reliable Bitcoin sportsbook, BetMoose is a good choice.
fortunejack.com
It’s a great site for betting on sports with Bitcoin. You can use Bitcoin to make deposits and withdrawals, and they have a wide variety of betting options available. They’re also one of the most reputable sites in the industry, so you can be sure your money is safe.
It’s among the most reputable and user-friendly options out there right now, so it’s worth checking out if you’re looking to get into sports betting with cryptocurrency.
thunderpick.com
Thunderpick is a leading Bitcoin sportsbook that offers competitive odds and a wide range of betting options. You can bet on everything from the Super Bowl to the World Cup, and they offer both pre-match and live betting options.
Thunderpick has a user-friendly interface and excellent customer support, so you can be sure that your bets will be handled with care.
Thunderpick offers a 100% up to 1 BTC welcome bonus for new users who sign up through our site, so what are you waiting for?
As an online sportsbook, they offer bettors access to some of the best and most reliable lines and odds available on your favorite sporting events. Combined with an easy-to-use interface and excellent customer support, who wouldn’t want to get in on this action?
Cloudbet.com
Another bitcoin betting site that was created years ago but still gets praised by many users online, offers bitcoin sportsbooks, dice games, and lotto-style bets (either euro millions or Powerball) making it fun for everyone who loves to bet.
The only issue is that you’ll have to send them a copy of your ID, which for many players defeats the idea of crypto anonymity. Judge by yourself.
They also provide live chat support which is very handy especially considering how popular Cloudbet has become over the years thanks to their unique betting options and top quality service.
Betcoin.ag
This is one of my favorites, and one of the best bitcoin betting sites because it’s been around for a long time now (since 2014) and all the positive reviews from its many users.
They accept deposits from all popular currencies but there are some exceptions when sending bitcoins from Blockchain wallets which you should be aware of if you’re using that to deposit money here.
The minimum bet is 0.0001 BTC plus we get to play in provably fair mode every time we make a wager which is great considering how important it is to make sure we’re not betting against a rigged system.
Nitrogen Sports
This site has been around since 2013 as well, but there’s a catch: they do not accept any deposits from credit cards, only from other cryptocurrencies and e-wallet services such as Neteller or Skrill.
That being said you should have no problems at all if you’re depositing money from your bank account or via cash deposit because those two options should be accessible for everyone who wants to use them.
The minimum bet here is 0.001 BTC which again isn’t a problem because the first stakes are always higher than this, so everything seems legit so far!
Betonline.ag
Betonline.ag is one of the most trusted and well-known sites when it comes to gambling with Bitcoin. They offer a variety of ways to bet on sports, including straight bets, parlays, teasers, and propositions.
You can also bet on who will win the championship in each sport, as well as other major events like the Super Bowl or the World Cup.
What’s great about betting at betonline.ag is that they offer excellent customer service, as well as a wide range of banking options for both depositing and withdrawing funds.
They also have a great mobile app that makes it easy to place bets on the go. So if you’re looking for a safe and reliable site to wager on sports with Bitcoin, betonline.ag is a great choice.
bitstarz.com
They use the latest technology to ensure that transactions are secure, fast, and reliable. Their highly experienced team of professionals has over 10 years of combined experience in both customer service and payment processing.
The site supports a variety of sports including but not limited to high-risk payment processing. We pride ourselves on our motto; Bigger payouts, faster payouts, fewer refusals!
This means that even if you had a long losing streak or some other issue that would make most merchants refuse your order (most likely due to fraud), they will still process your request! That’s how confident they are about our service!
The site is very easy to use and you will have no trouble navigating it. Just pick your sport, make a deposit, make your bet, and check out the match results.
It really couldn’t be any simpler!
BitKong
Another bitcoin gambling website that has been providing users with some good entertainment over the years now, offers mainly dice games although these can get pretty fun after some time which isn’t exactly surprising considering how often we’ve seen people enjoy playing dice on many other betting sites before (including online sportsbooks).
The minimum bet here is very low (0.01 mBTC) and withdrawals are supposedly instant so definitely a good solution for those who want to spend some time on a fun site while still getting the chance to win big payouts here and there.
Sportsbet.io
These guys are my favorite bitcoin bookmakers for many reasons, but first of all, because they’re a bitcoin betting website first and foremost which makes them rely on this specific market as well as how impressive they are in terms of service quality overall.
The minimum bet allowed here is 0.001 mBTC or 1 mBTC per line (which means you can make up to 100 bets with only 10mBTC!) making it ideal for casual players as well as those who like to wager more.
Of course, they also provide live chat support as well as a FAQ section that should answer any questions you might have.
These 10 were our pick as some of the best bitcoin betting sites (some people also say “the best crypto betting sites”, use the one you like the most I guess), but when it comes to bitcoin sports betting, or crypto betting platforms, there are plenty of betting sites out there to be checked…
Those were out Top Ten. What now?
Bitcoin has been around for quite some time now, starting with peer-to-peer transactions only but growing bigger every year since many people are taking their time to learn about it and how it can improve their lives.
Then came the dark days when bitcoin gambling sites became all the hype, soon followed by a few years of uncertainty where no one knew if they could continue using bitcoin or not.
But things are changing though because more and more companies are accepting bitcoin payments these days which is great news!.
We don’t need much to keep cryptocurrencies thriving, just turn on your PC or smartphone, find one of the many bitcoin betting websites that accept bitcoins, bet with them while getting nice benefits compared to other payment methods such as lower fees and fast withdrawals… everything is better when it comes to BTC payments!.
The fact that these bitcoin sports betting sites also require no currency exchange rates or currency conversion fees is a nice perk that will keep increasing the number of people who decide to place their bets here in the future.
Bitcoin can do wonders just depending on where you spend it but sportsbooks are one area where bitcoin’s popularity keeps growing every single day so don’t miss out!.
Bitcoin betting on mobile sites
When it comes to online sports betting, the most common problem for mobile gamblers is finding a way to get their bets in without having to go to an ATM or carry lots of cash around with them all the time. The majority of online sportsbooks don’t allow you to deposit by credit card due mostly to the huge fees that come along with it.
Bitcoin betting provides a great alternative for those who want a quick and easy solution when depositing money into their bitcoin betting sites accounts from their phone. The fact that Bitcoin transfers are instant and cost very little in transaction fees makes it a great alternative to using your credit card online.
Remember!
It’s also important that people remember that not all crypto casinos accept a bitcoin deposit made by credit card, debit card, or Paypal (or anything other than cash/bank transfer). Mobile betting isn’t a viable alternative if you can’t get your bets in from your phone. So many people overlook this simple fact.
The advantage that Bitcoin gives bitcoin bettors is that it lets you get your money in instantly, without having to use a credit card or wait for a check to clear. When the value of the bets is much higher than what your bankroll will allow you to deposit, there’s no other way around it but to wait for payments from bookmakers to post before making more big bets.
Some of the pros of bitcoin betting
– there’s no need to register and identify yourself (no KYC, Know Your Customer) – you can stay anonymous, something that bitcoin users love; the only thing you’ll do is fund your account with bitcoin, and start betting
– compared to betting on traditional betting sites, bitcoin bets are fast. And I mean fast. You can deposit instantly if paid with bitcoins; withdrawal will take some time depending on the payment method used (for example, an international bank wire could take up to 10 days to reach its destination)
– deposits are free of charge (fees vary widely from bookie to bookie), withdrawals usually come with fees as well which should be considered before making a withdrawal request. This fee varies depending on the payout method chosen.
– if you’re lucky, you can win money – just like at any other online casino.
And the pros just keep coming...
- No need to register or provide any kind of identification. Staying anonymous is one of the main characteristics that characterize Bitcoin transactions hence it’s not surprising one doesn’t have to sign up for anything when using bitcoins to place a wager. With fiat betting, you usually have to go through the KYC protocol which includes providing personal information and documents (scan of ID card/passport, etc.) This can be considered as both an advantage or disadvantage by bitcoin users, depending on how much privacy you want during your bets.
- Bitcoin betting is super fast, you can just make bitcoin deposits on your account and start betting immediately. With fiat bets, there’s a long process before one can place their first wager since the bookie must confirm that your payment has been made successfully before being able to credit the bettor with money. This usually takes up to 24 hours for most of the bookies which accept deposits via bank wires or direct transfers from your account/credit card.
- It is also worth mentioning that certain banks may have additional costs associated with processing credit card payments, so it might be even cheaper to pay directly from your bank account instead of using your credit card if you’re planning to make several withdrawals in a short time.
- Not having to identify yourself is a huge advantage, however, in most cases, it does not eliminate the risk of being scammed by dishonest bookmakers/bitcoin betting sites. Make sure you only deposit & withdraw bitcoins on trusted crypto betting sites that have a good reputation among players. You can find them reviewed on our website or other bitcoin gambling resources online.
Bitcoin is very similar to physical cash
And I mean this in terms of anonymity & privacy. There are no KYC or AML regulations enforced on bitcoin sites by the government, but this does not mean that players should take any privacy risks lightly. Staying anonymous while gambling in your favorite crypto betting site is always better than risking your privacy out of carelessness.
What about other forms of gambling?
When it comes to other forms of gambling there isn’t much difference between them and bitcoin sports betting except that you usually can’t use fiat currency (e.g., USD / EUR). All other types like poker (on bitcoin poker sites), casino games (on bitcoin betting sites), dice betting, etc. can be played for free or similarly using bitcoins as with sports bets.
The main difference is that you might not need to register an account on these other types of gambling websites, and also there’s usually no need to sign up to make a deposit (just click the “deposit” button and select bitcoin from the list of methods).
How do I start placing bets?
1 – open an account on one of the recommended bitcoin betting sites in this article. We don’t recommend any specific bookie since we want our visitors/readers to pick whichever one they like best. Note however that some will require identification (uploading KYC documents) while others won’t ask for anything at all.
2 – click on the “bitcoin deposit” button
3 – send the desired amount of bitcoins to the address given by your bookie
4 – wait until you get a confirmation from blockchain about this transaction
5 – check your account and see that it has been credited
How big my bitcoin deposits must be?
This varies depending on the different types of bets available and also which particular websites & sportsbooks we’re talking about. There’s usually always at least one type of match where the odds are in the range of 1.01-1.10 when it comes to football, tennis, or basketball matches/tournaments happening in major leagues around Europe or North America (USA).
For lower profile events such as championships in minor countries such as Cyprus, Iceland, and Estonia the odds tend to be a lot higher sometimes up to 30:1 or more.
Minimum bet requirement
Additionally, there’s usually some kind of minimum bet requirement set by each one of the online casinos out there which makes it impossible for players with little funds to place bets. For instance, most of the best bitcoin betting sites have a 0.01 bitcoin minimum bet limit, so if you want to place an amount less than that you will not be able to do so.
Depending on your bankroll and risk appetite this might or might not be something that concerns you – but we find it is always better for beginners to start small until they get used to how bitcoin betting and betting sites works before trying their luck with more substantial amounts (e.g., 0.5-1BTC).
How long does it take to place bets?
Usually, there are some delays, especially when it comes to lower-profile matches. Sometimes depending on the event/match, you might have to wait for up to an hour or more before your bet gets confirmed by blockchain. This is because most crypto betting sites/ bitcoin betting sites use multi-sig wallets with 3+ confirmations which can take even longer periods.
Patience is the key
When this happens players must be patient – if anything were wrong with your transaction you would know about it immediately since funds sent from your wallet are usually visible in the blockchain within minutes of being sent.
How do I get paid out?
Depending on how much money you have deposited as bitcoin deposits you will probably have lots of different payment choices available. For small amounts, Bitcoin is usually the preferred method, but for large sums, you might be able to request a bank transfer or even PayPal! Some bookies are starting to accept credit cards as well.
What to make of all of this...
As far as bitcoin betting on online betting sites is concerned, there isn’t anything new that has been invented lately. What’s happening these days with Bitcoin betting, and crypto gambling, in general, is that existing concepts are being applied to the digital currency environment where they make perfect sense – offering players anonymity, transparency, and speedy payouts.
As more people start learning about Bitcoin it will only be a matter of time before online sportsbooks, or rather bitcoin sportsbooks, switch over completely from fiat currency methods to this entirely digital currency which can ultimately revolutionize not just how bets work, but pretty much everything involved in the entire process from hosting to funding operations.
Of course, all these options come with questions.
And some of them are heavyweight, such as..
Should I use Bitcoin for crypto bets?
Crypto gambling is one of the most popular things to do with Bitcoin.
As it is anonymous and provably fair you can enjoy this activity without worrying about your privacy or security – two factors often associated with gambling. A lot of people love online sports betting so I thought I’d give you a quick run-through of how you can get started using Bitcoin to place your bets. Here are some of the best bitcoin betting sites worth checking out for those who want to try their hand at sports betting: www.nitrogensports.eu, www.betcoinpartners.com, www.swcpoker.com, www.betmoose.com, and bovada.lv.
Just remember that depending on your country you might or might not have access to certain online betting sites.
Let’s say you’re a fan of the NBA. You’ve been watching how many players from your favorite team have been getting injured lately and you wonder whether there is a correlation with the number of hours they spend in the gym each week.
What can you do?
Well, if you’re lucky enough to live in Nevada, where sports betting is legal, one option would be to reach out to these professional gamblers who specialize in making accurate forecasts.
If you’d rather bet on yourself than let somebody else take over, I’m sure these guys will get right on it once their season starts up again.
That's great! Let's give them a try!
Really?
Because, what does that even mean? How do people make money by just guessing about the amount of time a pro spends training?
Are these guys some kind of expert? Do they have superpowers that allow them to know things ordinary people can’t? I don’t understand.
No. It’s gambling.
You don’t need to understand the gambling industry. You can just use it and enjoy yourself while not worrying about getting robbed by some crypto sportsbook betting scam! And if you don’t like your odds at one particular sportsbook site, you can always hop on over to another. There are plenty of options out there!
So, you should, if you want, use bitcoin for online gambling.
But…
Is bitcoin betting legal?
For many years online gambling has been a large industry. However, new legislation in the US made it more difficult to transact with companies that are not licensed by American authorities.
As of now, there are no laws that say you cannot gamble with bitcoin or any other cryptocurrency. The legality of sports betting is determined by state law and the laws of the nation where one resides. Some states have created legislation that allows for certain kinds of gambling but unless one lives in New Jersey, Nevada, West Virginia, or Delaware they probably will not be able to take advantage of these laws due to geographical location.
These rules do change often so before using bitcoin to place your bets make sure you check with your state and national laws that apply to online gambling.
Beware of social media
If you use bitcoin to place your bets it is best not to mention this on social media or in any public forums. This could easily be associated with illegal behavior so try and keep a low profile if you feel comfortable doing so.
There are many sites where people can bet and most of them take cryptocurrency and some even offer an additional bonus for deposits made in digital currency. You can find plenty of information online about what sportsbooks accept cryptocurrencies but before using your money make sure they are licensed by your state and the U.S. authorities who regulate this type of activity.
Betting with bitcoin: a trend on the rise
Betting with bitcoin is becoming more and more mainstream. A recent study found that nearly 50% of the top 500 gambling operators accept bitcoin payments for their services, which should be quite beneficial for future global cryptocurrency acceptance. The adoption of the most popular cryptocurrencies around the world seems inevitable and we hope these trends continue.
“While online casinos are already common in many countries across the globe, cryptocurrencies will play a leading role in transforming how betting on sports works worldwide,” said David Blitzer, chairman of the index committee at S&P Dow Jones Indices.
“This will lead to increased liquidity in sports gambling, greater transparency, and more efficient pricing.”
Online remains by far the most popular way to gamble on professional sport
“Most countries with a strong online presence already have established regulated sportsbooks and the vast majority of bettors use them. The addition of cryptocurrencies to these markets is therefore likely to be most significant for bringing new punters into global gambling, rather than causing existing bookies in this field to lose any business.”
“A recent study from the University of Nottingham showed that bitcoin offered a cheap alternative for punters in some countries. In particular, Argentina, where people typically pay more than 10% commission when using credit cards to facilitate sports bets, while paying by bank transfer reduces this figure but still does not reach zero.”
“This suggests that even if bitcoin never becomes a mainstream payment method for betting on sport, it could at least help some people reduce their losses in a big way.”
Transparency: Another key benefit of cryptocurrencies for the sports betting industry
“Betting providers in most countries already store information about their users and how they bet, but blockchain technology can further enhance this,” said Blitzer.
“It would make it impossible to alter records after the fact, which is vital when it comes to regulating gambling. In addition, there are some challenges that bitcoin could address that cash cannot, such as automatic refunds triggered by the end of a match.”
“In Europe, one player who has been at the forefront of using bitcoin for online betting on sports is Bitcasino.io. A popular site among crypto enthusiasts and very experienced in both cryptocurrency and online gaming regulations.”
“The company did not respond to requests for comment, but they will likely develop this aspect of their business further in the coming years.”
“Germany seems like an especially interesting market to watch. The country’s biggest sports betting provider recently announced that bitcoin payments are now available on its website.”
“Several other European countries also accept cryptocurrency payments at gambling sites, including France and Italy. We expect more operators worldwide to follow suit over the next couple of years.”
Challenges ahead
“While all this sounds promising, there is still one major challenge facing decentralized currencies: transaction irreversibility. This could be very problematic for the financial side of the industry as well as users’ trust in crypto.”
“However, this too represents an opportunity for bitcoin and its imitators to provide a solution.”
“In particular, some gambling sites have been considering accepting bitcoin payments from consumers but refunding them in conventional currency when the punters win,” said Blitzer.
“Another idea is to add time limits to bets so that if you wait long enough your bet becomes invalid and any bitcoins paid will be returned automatically. This would allow people to use crypto for all their gambling needs without worrying about paying back the money they did not mean to lose.”
A decentralized token system
“But what might be the most popular option, in this case, is a decentralized token system that would only create new coins in exchange for existing ones when a surprise happens during the match, such as an unexpected goal.”
“‘This means that a new token would be created and given to the person who bet on it. He or she could then sell this stake quickly to recover their initial deposit, which is already available as bitcoin waiting for them in a wallet.”
“This model might even form the basis of a completely decentralized sports betting system using only virtual currencies, with its legal framework – one where players make bets online but at regulated sites.”
The benefits of such an arrangement are clear
“It removes dependence on centralized betting providers while leaving punters free to make whichever bets they want.”
“We also believe that cryptocurrency will play a role in creating additional opportunities for fans of live sports,” said Blitzer. “Currently, there are very few sports where there is enough action for fans to place bets on the match itself. Prediction markets are an obvious solution.”
“The idea here would be to create a market around each game with real money, allowing fans to bet against each other but also participate in polls and surveys.”
Imagine this...
“In this case, you can imagine a sports wagering system set up as a DAO – Decentralized Autonomous Organization – which would use all available data from the online broadcasts of live games to automate the results of prediction markets. But again, further research will be needed before we can say whether such a model could work,” said Blitzer. “For now, though, bitcoin does represent a massive opportunity for those in the sports betting business who are willing to seize it.”
What lies beneath...
“It’s important to remember that what we’re seeing today is just the tip of the iceberg. While only a small number of cryptocurrency enthusiasts are actively trading bitcoin, there are millions more all over the globe who have never participated in any type of gambling before.”
“As far as they know, crypto could simply be viewed as an alternative currency for online shopping or other types of financial transactions. But once this group starts using bitcoin for something else entirely – such as placing bets on sports games – entire new markets will open up offering them much bigger opportunities than they’ve ever dreamed of before.”
A more secure and useful industry
“That’s why sports bettors should see this as an opportunity to help the cryptocurrency industry mature, become more useful and secure for everyone.”
“The ball is in their court now. Does a punter want live broadcasts of sports games with a chance to win bitcoin or will they stick with centralized legacy systems that offer no meaningful way to profit from the insights they’re gaining?”
“For those who don’t know yet, now is a great time to start researching how to use cryptocurrency for sports betting – it might just be the chance of a lifetime.'” said Blitzer.
FAQ
Bitcoin sports betting is legal and regulated in many countries. Currently, the US is one of the most restrictive nations when it comes to Bitcoin gambling. However, some states welcome existing operators and welcome new ones with open arms.
Bitcoin sports betting sites use specific platforms such as Provably Fair to prove their fairness. Since these systems generate random numbers on the fly, users can be 100% sure all data is correct and nobody can manipulate the outcome in any way. Despite this system offering great security benefits, we still advise users to read reviews and only sign up for trusted services with a large user base and good track records.
Bitcoin betting sites offer an alternative to traditional sportsbooks that can save you money and give you better odds.
Betting with Bitcoin has many benefits because it’s fast, secure, and completely transparent. What this means for you is that your online betting experience will be safer and more rewarding than ever before.
There are many, many places, that accept Bitcoin as payment when it comes to betting. Just be sure to do your research and read the reviews.
There are many different types of Bitcoin sportsbooks all over the world where you can use cryptocurrency to wager on your favorite teams and players. Whether it’s football or soccer, tennis or basketball, you can bet on it with Bitcoin.
Bitcoin sports betting is a great way to make some extra money and have some fun while watching your favorite sporting events. All you need is a Bitcoin wallet and an internet connection to get started. You can find many different types of Bitcoin sportsbooks online, and each one offers its own unique set of betting options.
So, how do you bet with Bitcoin? It’s very simple. Just follow these steps:
- Choose a reputable Bitcoin sportsbook
- Create an account and deposit some bitcoins (or fractions of them)
- Start betting on your favorite teams and players!
It’s important to remember that not all Bitcoin sportsbooks are created equal. So, before you deposit any money, be sure to do your research and choose a reputable site that offers good odds and a wide variety of betting options.
Bitcoin gambling is an extremely popular form of online gambling because it offers anonymity, privacy, and a high level of security. Bitcoin sports betting is the type of gambling that is done through a sportsbook that accepts bitcoins as payment.
One thing to keep in mind when using bitcoin for gambling is that since the currency is digital, it can be easy to lose if you don’t have a good backup plan. Make sure to research well before using your bitcoins for online gambling.