The sports gambling world is ultimately evolving in technology by the invention of Bitcoin. Because of this, the sports’ betting becomes even more convenient for the players by including alternative payment methods. The gamblers can easily gamble using their e-wallets, credit cards, smart cards, etc.
Recently, a new payment method, i.e., of Bitcoin, has been attracting players worldwide. Numerous online sports betting sites offer the BTC cryptocurrency payment option that gamblers are availing benefits from. All the gambles have to do is get access to a Bitcoin gambling site, sign up, and begin betting.
Best Bitcoin Betting Sportsbooks
The most famous Bitcoin sportsbooks have been enlisted below. To make it easier to choose the best out of all, we have given the review of the sports betting sites below as well. So, choose the one that excites you and withdraw/deposits using Bitcoin. Also, while keeping all the other factors in mind, make sure to pick a Bitcoin sportsbook with significant bonus amounts.
Placing Bets on Sports with BTC
The popularity of Bitcoin is evident from its full application in all other fields like businesses, healthcare, education, etc. Nowadays, gamblers from any corner of the world place bets on a wide variety of sports games present online and pay effortlessly using Bitcoins. Though Esports is one of the most famous among players who wish to make Bitcoin payments, for this reason, the Bitcoin sportsbooks have a specific category for the esports with thousands of exciting sports games to bet on.
As a matter of fact, with the rise of Bitcoin usage in sports betting, the competition among Bitcoin sportsbooks is also increasing. Thus, it gets mind-bending for the players to choose and which sports betting site is right for them. So to solve this problem, we have listed the top sports betting sites above.
All you need to do is pick the right Bitcoin sportsbook and start betting on your favorite games! Keep in mind that we update the list according to the changes in these Bitcoin gambling sites. Hence, with us, you will always stay updated about your favorite online gambling sites.
Bitcoin – A Competitive Advantage in Sports Betting
Undoubtedly, adding Bitcoin to sports betting has made it a lot more convenient than it ever was. With Bitcoin, the players can gamble without worrying about the currencies of different countries. There are no border restrictions on Bitcoin gambles.
Also, gambling can be done from any corner of the world, be it Asia or America. Only a few countries have laws against Bitcoin betting. However, to avoid risks, before joining an online sports betting site, have a look at the rules and regulations of their country regarding Bitcoin.
In addition to that, one great advantage of Bitcoin is that the gamblers do not have to rely on intermediator for transactions. There are direct Bitcoin transactions that are timely and economical without intermediaries. Additionally, Bitcoin is based on Blockchain technology, which provides a secure base.
With transactions backed up by Blockchain, the transactions are visible. Therefore, the fraud risks that come along with online payment options eliminate. Bitcoin sports’ betting proves to be reliable, transparent, and safe for the players. All sportsbooks even keep track of the players’ betting activities, ensuring gamblers’ security. But despite the security, the gamblers need to use secure methods themselves to avoid hacking their personal information.
Personal Privacy via Blockchain Technology
Securing personal privacy is of the utmost importance when playing online. One way you can differentiate between a good and a bad sports betting site is by looking whether it asks for private information or not. Using personal information is not a must while making transactions on the majority of good Bitcoin sportsbooks.
Surprisingly, some gambling sites even allow depositing and withdrawing of Bitcoin using the IP address only. So there is no need to put any personal details, which enhances safety. With Bitcoin, place a bet now without revealing your identity within a few seconds.
One of the most significant advantages of Bitcoin gambling over fiat gambling is that prices are volatile. The player will earn big when prices of coins are high in the market and will make less when the Bitcoin prices are low, unlike the fiat currencies which have fixed rates without any increase or decrease in the prices.
For this reason, people find Bitcoin gambling more exciting and thrilling. Also, keep in mind to play smartly when the value of Bitcoin is less. Hence, watch out the Bitcoin market for price changes and gamble accordingly.
Also, as the Bitcoin sportsbooks run automatically so there the cost of staffing is eliminated. I am wondering then why lower running costs of these sportsbooks essential are?
So, if the sportsbooks have higher running costs, then the gambling site will most probably offer less winning amount on bets. On the other hand, in case of low running costs, the site owners will be motivated to give better odds. Gambling online has a lot of advantages, and one of them is no fees, like in real-time casinos.
The immense admiration and application of Bitcoin in the sports betting industry are evident. So why are you waiting? Go and sign up for free on the best sportsbooks mentioned to enjoy the best sports betting experience!
What are Bitcoins?
Bitcoins are blockchain-based digital currencies that have cryptographic encryptions. The transactions of Bitcoins are online from the comfort of homes. Also, one benefit of using Bitcoin is that governmental participation is not there. People can quickly, safely, and anonymously withdraw and deposit bitcoins.
One can send and receive transactions from office, home, school, etc. without visiting banks. So, the Bitcoin payments have a lot of benefits over the traditional ones. It is why gamblers couldn’t resist making Bitcoins part of the gambling world.
Can Players from USA Bet in Bitcoin Sportsbooks?
Like different countries have different rules for online betting, so is the case for the USA. Although the majority of states do not allow gambling online, yet many gambling sites allow players from the US. To discover if the sportsbooks allow USA players, look below the sportsbooks.
Then based on the location, the site will tell if you can join the game. We expect that the laws against online gambling might change in the future. Don’t worry; we will update you in case of any changes in the USA policies for online betting. Every player must check the policies of their region regarding Bitcoins.
To point out, the USA repealed the restriction on online sports betting in May 2018. As a result, many sports bookmakers began operating legally in different states. Know more in our article: Will PASPA Benefit Bitcoin Sports Bettors?
How to Deposit Bitcoin?
Firstly, for Bitcoin transactions, select an appropriate Bitcoin wallet from so many options available. The different types of free wallets are online storage and cold storage wallets that are found online. Secondly, reach out to a Bitcoin exchange to buy BTC, for example, Coinbase.com. Lastly, visit the Bitcoin sportsbook you wish to gamble on, follow the steps to deposit Bitcoins and start betting within seconds.
Do Sportsbooks Ask for personal ID?
The majority of Bitcoin betting sites do not ask for any personal information of the gamblers. So, an excellent site never asks you to provide details like personal ID even while withdrawing/ depositing funds. Hence, players prefer Bitcoin payments because of their anonymity.
How can Players Know that the Sportsbook is Reliable?
Though there are scam sites, there is no doubt on the sports betting sites given above. The enlisted online gambling websites are 100% reliable and legal. The sportsbooks have made the sites available based on their experience and expertise in the gambling world.
Moreover, these sites track every Bitcoin activity from the deposits to getting funds back in wallets. The reviews given below the Bitcoin sportsbooks will further assist you in picking the best Bitcoin gambling site. Despite all this, make sure to have a look at the license of the online casino before signing up.