Bitcoin Betting 2024

Betting with Bitcoin has become increasingly accessible, and numerous platforms now offer a range of options for bettors looking to wager in cryptocurrency. Here’s a selection of some of the top Bitcoin sportsbooks and the bonuses they provide.

How Big of a Bitcoin Betting Bonus Can I Get?

When placing bets with Bitcoin at sportsbooks, you’ll often encounter enticing bonuses that can significantly enhance your betting experience. Here’s a breakdown of what to expect regarding Bitcoin betting bonuses:

Types of Bonuses

1. Deposit Bonuses:
   • Most sportsbooks offer a 100% match on your initial deposit, effectively doubling your betting funds.
   • Example: If you deposit 1 BTC, you could receive another 1 BTC as a bonus.
2. Free Bets:
   • Sometimes, sportsbooks refer to bonuses as “free bets.” However, these are typically deposit bonuses in disguise.

Terms and Conditions

• Wagering Requirements:
  • It’s crucial to read the fine print. Most bonuses require you to wager the sum of your deposit and bonus a specified number of times (usually 3-5 times) before you can withdraw any winnings.
  • Example: A common requirement might be to bet your total (deposit + bonus) 4 times at minimum odds of 1.5.
• Opting In or Out:
  • Some sites, like FortuneJack, allow you the option to accept or decline the deposit bonus, which can be beneficial depending on your betting plans.

When to Take the Bonus

• Long-Term Betting:
  • If you plan to engage in multiple bets over time (like during a tournament), taking the bonus can be advantageous as it increases your bankroll.
• Single Bets:
  • If you’re only placing a bet on a single match (e.g., UFC), it might be better to decline the bonus to avoid dealing with the wagering requirements.

Best Options for Big Bonuses

• CloudBet:
  • Known for its generous deposit bonuses, CloudBet offers a substantial package that can benefit serious gamblers looking for significant funds to wager with.

Can I Bet Anonymously?

Yes, you can! Betting with Bitcoin offers a high level of anonymity compared to traditional betting methods. Here’s how it works:

Personal Information Requirements

• Minimal Information Needed:

  • Most Bitcoin betting sites require very little personal information to get started. Typically, all you need is:
    • Email Address: This is primarily used for account management and recovery.
    • Birthday: This is used to verify that you are 18 years or older. You can enter any date you choose, as many users opt for privacy over accuracy.

• No ID Checks:

  • Unlike traditional betting sites that often require extensive verification, Bitcoin platforms usually do not require ID checks. This means you can fund your account without revealing your identity, making it ideal for privacy-conscious users.

How Bitcoin Enhances Anonymity

• Decentralized Nature:
  • Bitcoin transactions do not involve banks or centralized institutions that typically require personal identification. This allows for a greater degree of privacy.
• Multiple Devices:
  • Using an email address allows you to log in and manage your betting account across multiple devices (computer, phone, tablet) without the need for additional personal details.

Do Individual Bets Show Up on Blockchain?

No, they do not. Here’s how it works:

What is Recorded on the Blockchain?

• Deposits and Withdrawals:
  • Your transactions for deposits to and withdrawals from the betting site are recorded on the blockchain. This includes the amount and the wallet addresses involved.

What Remains Private?

• Individual Bets:
  • The details of your individual bets, including what you wagered, the outcomes, and your betting history, are private and not visible on the blockchain. This means that your gambling activities remain confidential.

Comparison to Physical Casinos

• Similar Operations:
  • The process is akin to how brick-and-mortar casinos operate.
    • When you enter a casino, you exchange cash for chips.
    • Your gambling activities are tracked by the casino, not publicly recorded.
    • When you cash out, the casino determines how much you’ve won or lost and converts your chips back to cash.

How Bitcoin Betting Works

• Tracking Bets Internally:
  • When you place a bet online at a Bitcoin-accepting gambling site, the site tracks all your bets internally.
  • When you decide to cash out, the site calculates your total balance and sends the appropriate amount to your Bitcoin wallet.

Which Betting Games Can I Play?

You can enjoy a wide variety of betting options similar to those available in traditional fiat currency betting. Here’s a breakdown of the popular markets you can bet on with Bitcoin:

Popular Betting Markets

• 1X2: A straightforward bet on the outcome of a match—home win (1), draw (X), or away win (2).
• Goal Totals: Betting on the total number of goals scored in a match, often referred to as over/under betting.
• Halftime/Fulltime: Wagers on the outcome at halftime and the final result. For example, you could bet on a team winning at halftime and the game ending in a draw.
• Draw-No-Bet: A bet that refunds your stake if the match ends in a draw. This provides some insurance on your bet.
• Asian Handicap: A form of betting that eliminates the possibility of a draw by giving one team a virtual advantage or disadvantage.
• Correct Score: Predicting the exact final score of a match. This is often more challenging but offers higher payouts.
• And Much More: Many betting sites offer various markets tailored to different sports and events, giving you practically endless options for wagering.

Why Such a Good Selection?

The broad range of betting options is possible because most Bitcoin betting sites source their odds from established third-party odds providers. This means:

• Established Systems: Betting operators do not need to create their own odds from scratch. Instead, they leverage the expertise of companies that have been calculating odds for decades.
• Comprehensive Coverage: These providers cover every major sport globally, ensuring that Bitcoin bettors have access to the same variety of matches, markets, and odds as traditional bettors.

Different Types of Bets

When it comes to betting, understanding the various types of bets available is crucial for both new and experienced bettors. Here’s a quick overview of some of the most common betting options you might encounter:

1. Single Bet

• Definition: A wager placed on the outcome of a single event or match.
• Example: Betting on Team A to win a specific game. This is the simplest form of betting and is ideal for beginners.

2. Accumulator Bet (Parlay)

• Definition: A bet that combines multiple selections into one wager. All selections must win for the bet to be successful.
• Example: Betting on Team A, Team B, and Team C to win their respective matches. The potential payout is higher than placing individual bets due to the increased risk.

3. Each-Way Bet

• Definition: Commonly used in horse racing, this type of bet involves two parts: one for the selection to win and another for it to place (finish in a designated position, usually top 3 or 4).
• Example: If you bet £10 each way on a horse, you’d be risking £20 total—£10 to win and £10 to place.

4. Over/Under Bet

• Definition: A bet on the total number of points/goals scored in a game, with the bettor wagering whether the actual total will be over or under a specified number.
• Example: Betting on whether a basketball game will have over or under 200 total points.

5. Handicap Bet

• Definition: A bet that gives one team or player a virtual advantage or disadvantage to level the playing field.
• Example: In a football match, Team A might be given a -1 handicap, meaning they need to win by at least 2 goals for the bet to be successful.

6. Future Bet

• Definition: A wager placed on an event that will happen in the future, such as a championship or tournament winner.
• Example: Betting on a team to win the Super Bowl before the season starts.

7. Prop Bet (Proposition Bet)

• Definition: A bet on a specific occurrence or non-occurrence within an event that may not directly relate to the final outcome.
• Example: Betting on which player will score the first goal in a soccer match.

8. In-Play Betting

• Definition: Placing bets on events while they are happening, allowing for real-time wagering based on the game’s progress.
• Example: Betting on the next team to score in a basketball game while the game is in progress.

1) The Money Line – Who Will Win?

The Money Line is indeed one of the simplest and most straightforward bets in sports betting. Here’s a detailed breakdown of how it works:

Definition

• Moneyline Bet: A wager placed on which team or player will win a particular game or event outright, regardless of the point spread or other factors.

How It Works

• When you place a Moneyline bet, you are simply selecting the winner. For example, if you bet on Team A to win against Team B, you win your bet if Team A emerges victorious.

Understanding Odds

• Positive and Negative Odds: Moneyline odds can be expressed in both positive and negative formats:
  • Positive Odds (e.g., +150): Indicates how much profit you would make on a $100 bet. For example, a $100 bet on a +150 underdog would yield a profit of $150 if that team wins.
  • Negative Odds (e.g., -200): Indicates how much you need to bet to win $100. For example, you would need to bet $200 on a -200 favorite to make a profit of $100.

Example

• Game: Team A vs. Team B
  • Odds: Team A: -150, Team B: +130
  • If you bet $150 on Team A and they win, you would receive your original bet back plus $100 in profit.
  • If you bet $100 on Team B and they win, you would receive your original bet back plus $130 in profit.

When to Use a Moneyline Bet

• Moneyline bets are ideal for:
  • Simple Outcomes: When you want to keep things straightforward and just predict the winner without worrying about the point spread.
  • Underdog Bets: If you have a strong belief that an underdog has a good chance of winning, the potential payout can be quite lucrative due to the positive odds.

2) Point Spread or Handicap

Point spread betting is a popular wagering method that levels the playing field between two teams. Here’s a detailed overview of how it works:

Definition

• Point Spread: A point spread is a bet that involves a specific number of points that one team must win by in order to cover the spread. It’s essentially a way for sportsbooks to create a more balanced betting scenario when one team is perceived to be significantly stronger than the other.

How It Works

• When you place a bet on a point spread, you’re betting on the margin of victory for a particular team. The point spread creates a “handicap” for the favored team and provides an advantage to the underdog.

Understanding the Spread

• Example:
  • Dallas Cowboys vs. New York Giants
  • Point Spread: Cowboys -4.5
  • This means the Cowboys must win the game by at least 5 points for your bet on them to win. Conversely, if you bet on the Giants, they can either win the game outright or lose by 4 points or fewer for your bet to win.

Betting Scenarios

1. Betting on the Favorite:
   • If you bet on the Cowboys at -4.5, they must win by 5 or more points.
   • Outcome: Cowboys win 27-20 → You win your bet.
   • Outcome: Cowboys win 24-20 → You lose your bet.
2. Betting on the Underdog:
   • If you bet on the Giants at +4.5, they can lose by up to 4 points or win the game.
   • Outcome: Giants lose 24-20 → You win your bet.
   • Outcome: Giants lose 27-20 → You lose your bet.

Why Use Point Spread Betting?

• Balance: The point spread creates a more level playing field for betting, making it more exciting and competitive.
• Value: Point spread bets often provide better odds than moneyline bets, especially for games with clear favorites and underdogs.
• Strategy: Understanding the strengths and weaknesses of the teams involved can help you make more informed bets regarding the point spread.

3) Over/Under – What’s the Total Number of Points/Goals?

The over/under bet is a popular wagering option in various sports, allowing bettors to focus on the combined score of both teams rather than the outcome of the game. Here’s a detailed explanation of how it works:

Definition

• Over/Under Bet: An over/under bet involves wagering on whether the total score in a game will be over or under a specified number set by the sportsbook.

How It Works

• When placing an over/under bet, you’re predicting whether the total combined points or goals scored by both teams will exceed or fall short of a predetermined line.

Understanding the Bet

• Example:
  • Game: Los Angeles Lakers vs. Los Angeles Clippers
  • Over/Under Line: 220.5 points
  • In this scenario, bettors can wager on whether the total points scored in the game will be:
    • Over 220.5 points: If the final combined score is 221 points or more.
    • Under 220.5 points: If the final combined score is 220 points or less.

Betting Scenarios

1. Betting the Over:
   • If you bet on the over and the final score is:
     • Lakers 120, Clippers 102 (Total = 222) → You win your bet.
     • Lakers 110, Clippers 110 (Total = 220) → You lose your bet (the score is exactly the line, which doesn’t count).
2. Betting the Under:
   • If you bet on the under and the final score is:
     • Lakers 100, Clippers 90 (Total = 190) → You win your bet.
     • Lakers 115, Clippers 115 (Total = 230) → You lose your bet.

Why Use Over/Under Betting?

• Focus on Scoring: Over/under betting shifts the focus from who wins or loses to how many points will be scored, making it appealing for fans who enjoy analyzing team performance.
• Game Dynamics: This bet type allows you to consider game pace, player performance, and historical matchups, which can enhance your betting strategy.
• Flexibility: Over/under bets are available across various sports and events, providing numerous opportunities for bettors to engage.

4) Outrights – Season or Tournament Champion

Outright betting is a popular choice for bettors looking to place long-term wagers on the outcome of a season or tournament. This betting option allows you to predict the overall champion of a specific league, tournament, or event, making it an exciting way to engage with your favorite sports over an extended period.

Definition

• Outright Bet: An outright bet involves wagering on the overall winner of a tournament or league before it concludes, often placed well in advance of the final outcome.

How It Works

• When you place an outright bet, you select the team or player you believe will win the entire competition, whether it’s a league like the Premier League or a tournament like Wimbledon.

Examples of Outright Betting

1. Premier League Winner:
   • Before the season starts, you might bet on Manchester City to win the Premier League. If they finish first at the end of the season, you win your bet.
2. Wimbledon Champion:
   • In the lead-up to Wimbledon, you could place a wager on Novak Djokovic to win the tournament. If he triumphs in the final match, your bet pays out.

Considerations for Outright Betting

• Long-Term Perspective:
  • Outright bets require patience, as the outcome is determined over the course of a season or tournament. This can be both thrilling and challenging, as many variables can affect the results.
• Factors to Consider:
  • Injuries: Player injuries can significantly impact a team’s performance and chances of winning.
  • Form: Teams or players may go through streaks of good or poor form, which can influence their likelihood of success.
  • Competition Strength: Assessing the competition’s strength and potential challengers is crucial for making informed bets.

Advantages of Outright Betting

• Higher Odds:
  • Outright bets often come with higher odds compared to match-specific bets, which can lead to larger payouts if successful.
• Engagement:
  • Betting on an outright winner keeps you engaged with the sport throughout the season or tournament, as every match impacts the overall outcome.
• Strategy Development:
  • You can develop and refine your betting strategy based on team performance, player statistics, and other relevant data throughout the season.

5) Prop or Special Bets – Smaller Events Within the Game

Prop bets, short for proposition bets, add an exciting and often entertaining layer to sports betting. Unlike traditional bets that focus solely on the overall outcome of a game or event, prop bets allow you to wager on specific occurrences or outcomes within the game itself.

Definition

• Prop Bet: A type of wager that focuses on specific events within a game, rather than the final score or outcome. These can range from player performances to game-related events.

How Prop Bets Work

• Prop bets can be placed on a variety of outcomes that may not directly affect the final score. This allows bettors to engage with different aspects of a game and can often lead to more creative and fun betting opportunities.

Examples of Prop Betting

1. First Goal Scorer:
   • You can bet on which player will score the first goal in a soccer match. This type of bet is popular in football and hockey games, where goal scorers are highlighted.
2. Player Performance:
   • Wagering on whether a specific player will achieve a certain statistic during the game, such as a basketball player scoring over or under a specified number of points.
3. Special Events:
   • Betting on unique occurrences, such as whether a golfer will make a hole-in-one during a tournament, or if a quarterback will throw a touchdown pass in the first quarter.
4. Game Milestones:
   • Bets can also be placed on broader events, like whether the total points scored in a basketball game will exceed a certain number, or if a team will score a certain number of points in a half.

Considerations for Prop Betting

• Variety of Options:
  • Prop bets can vary widely from game to game, giving you many options to choose from based on your knowledge and interests in specific players or situations.
• Entertainment Value:
  • These bets can add an extra layer of excitement to the game, making watching sports more engaging, especially for fans of individual players or teams.
• Research and Strategy:
  • As with any type of betting, researching player statistics, team performance, and other relevant factors can help inform your prop bets and improve your chances of winning.

Advantages of Prop Betting

• Engagement:
  • Prop bets keep you engaged throughout the game, as you can root for various players or events to occur beyond just the final score.
• Potential for High Payouts:
  • Some prop bets can offer favorable odds, leading to higher payouts compared to traditional bets.
• Flexibility:
  • Bettors can often find prop bets on various aspects of the game, allowing for a personalized betting experience.

Super Bowl

The Super Bowl is not just a major sporting event; it’s also one of the biggest occasions for betting in the United States and around the world. This annual championship game of the National Football League (NFL) attracts millions of viewers and bettors, making it a prime opportunity for various betting options, especially prop bets.

Types of Bets in the Super Bowl

1. Moneyline Bets:
   • Betting on which team will win the Super Bowl outright. This is straightforward and focuses on the final result of the game.
2. Point Spread Bets:
   • Betting against the spread, which involves predicting whether a team will win by more than a set number of points.
3. Over/Under Bets:
   • Wagering on whether the total combined score of both teams will be over or under a specified number.
4. Prop Bets:
   • These are bets on specific events or outcomes within the game that may not directly relate to the final score.

Popular Prop Bets for the Super Bowl

• Coin Toss:
  • Bettors can wager on which team will win the coin toss. This is a 50/50 bet that adds excitement right from the start of the game.
• Gatorade Shower:
  • A fun and unique prop bet where you can bet on the color of the Gatorade that will be dumped on the winning coach after the game. Common colors include orange, blue, yellow, and clear, and this bet often attracts a lot of attention.
• First Touchdown Scorer:
  • Wagering on which player will score the first touchdown of the game. This bet can offer high payouts depending on the player’s odds.
• Total Touchdowns:
  • Betting on whether the total number of touchdowns scored in the game will be over or under a specified amount.
• Halftime Show Bets:
  • Bets related to the Super Bowl halftime show, including who will be the surprise guest performers or what songs will be played.
• National Anthem Duration:
  • Wagering on the length of the National Anthem performance before the game starts. Bettors can guess whether it will be over or under a specific time.

6) Parlays – Combine Several Bets Into One

Understanding Parlay Bets

Parlay bets can add an extra layer of excitement to your betting experience, especially for those looking to maximize their potential payouts. Here’s a closer look at how parlay bets work, their advantages, and the risks involved.

What is a Parlay Bet?

A parlay bet combines multiple individual bets into a single wager. This means that you can bet on different games or events simultaneously, and all selections must win for you to receive a payout. The more bets you include in your parlay, the higher the potential payout, but it also increases the risk.

How Parlay Bets Work

1. Combining Bets: You can mix different types of bets within a parlay, such as moneyline bets, point spreads, over/under totals, and even prop bets. For example, you could combine:
   • Team A to win (moneyline)
   • Team B to cover the spread
   • Over a certain number of total points in a game
2. Higher Odds: The odds for each individual bet are multiplied together, which significantly increases the potential payout compared to placing the bets separately. This is why parlays are often attractive to bettors looking for larger returns.
3. All or Nothing: The key drawback of a parlay is that if even one of the bets loses, the entire parlay is lost. For example, if you bet on three different outcomes and one loses, you won’t win anything.

Advantages of Parlay Bets

• Higher Payouts: The most significant advantage is the potential for much higher payouts than betting on individual games. Bettors can win large sums with relatively small wagers.
• Excitement: Watching multiple bets come together for a single payout creates a thrilling betting experience, as each successful outcome adds to the anticipation.
• Flexibility: You can combine various types of bets, allowing for creativity in your betting strategy.

Risks of Parlay Bets

• Increased Difficulty: The more bets you add, the less likely you are to win overall. Each added bet decreases the probability of a successful parlay.
• Frustration: Losing one bet in a parlay can lead to frustration, especially if you are only one outcome away from winning a larger payout.
• Bankroll Management: Due to their high-risk nature, it’s essential to manage your bankroll carefully when placing parlay bets. It’s easy to get carried away, thinking about the potential payout rather than the likelihood of winning.

Is There a BTC-Based Betting Exchange (Betting Platform)?

Bitcoin betting exchanges offer an alternative to traditional sportsbooks, allowing users to bet against each other rather than against a bookmaker. This model can provide better odds and a unique betting experience. Here’s a closer look at the current state of BTC-based betting exchanges:

What is a Betting Exchange?

• A betting exchange is a platform where users can place bets against one another. This means that instead of betting against a bookmaker, you are effectively betting against other players, which can lead to more competitive odds.

Current Landscape of BTC Betting Exchanges

1. Limited Options: While there are a few Bitcoin betting exchanges, they are not as widely recognized or established as traditional platforms like Betfair or Smarkets. Many of these exchanges are still in their early stages, which can affect their reliability and liquidity.
2. Regulatory Challenges: The gambling regulations governing major betting sites often do not recognize Bitcoin as a valid currency. This has made it challenging for Bitcoin to gain a foothold in traditional betting exchanges, limiting options for bettors looking to wager with crypto.
3. Emerging Platforms: New platforms like Onehash.com have emerged, focusing exclusively on Bitcoin betting. However, these platforms are still untested in terms of long-term viability and user experience.

Advantages of BTC Betting Exchanges

• Competitive Odds: Since users are betting against each other, the odds can be more favorable compared to traditional sportsbooks, which may have built-in margins.
• Decentralized Nature: Betting exchanges can offer greater privacy and anonymity, as they typically require less personal information compared to traditional betting sites.
• Flexibility: Users can create their own bets and market options, providing a wider range of betting opportunities.

Challenges of BTC Betting Exchanges

• Liquidity Issues: The number of players and the volume of bets on Bitcoin exchanges can be lower compared to traditional platforms. This may lead to challenges in placing larger bets or finding opponents for specific bets.
• Unproven Platforms: Many Bitcoin betting exchanges are relatively new and untested, which can create uncertainty regarding their reliability and security.
• Regulatory Uncertainty: The evolving regulatory landscape for cryptocurrencies can impact the legality and operations of Bitcoin betting exchanges.

What Are Some Good BTC Betting Forums?

• Reddit:

  • Subreddits:
    • r/BitcoinGambling: This subreddit is dedicated to discussions around Bitcoin gambling, sharing experiences, strategies, and finding reliable betting sites.
    • r/CryptoGambling: A broader forum that covers all aspects of gambling with cryptocurrencies, including strategies, site reviews, and news.
  • Pros:
    • Active community with a wealth of shared knowledge.
    • User-generated content ensures real-life experiences and insights.

• Bitcointalk.org:

  • Bitcoin Gambling Section: This forum has a dedicated section for gambling where users discuss various Bitcoin betting sites, share tips, and post reviews.
  • Pros:
    • Established community focused on cryptocurrency.
    • Detailed discussions and feedback from long-time Bitcoin users.

• CryptoGamblingNews.com:

  • Forum and News Site: This site not only provides news about crypto gambling but also has community discussions where users can share insights and ask questions.
  • Pros:
    • Combines news and community discussions.
    • Keeps users updated on the latest trends and legal issues in crypto gambling.

• GamblingOnBitcoin.com:

  • Forum for Bitcoin Gamblers: This platform is specifically tailored for discussions around Bitcoin gambling, with categories for various games and betting strategies.
  • Pros:
    • Focused community of Bitcoin gamblers.
    • Users can share experiences with specific betting platforms.

• Twitter:

  • Follow Crypto Gambling Influencers: Many crypto gamblers and influencers share tips, strategies, and news on Twitter. Searching for hashtags like #BitcoinGambling can lead you to valuable discussions.
  • Pros:
    • Real-time updates and discussions.
    • Engaging directly with influential figures in the space.

Is BTC Sports Betting Legal?

Short Answer: Yes, but it depends on your location.

Long Answer:

1. Jurisdictional Variance:
   • The legality of Bitcoin sports betting is highly dependent on the jurisdiction where you reside. Different countries have varying laws regarding online gambling, and many of them do not explicitly mention cryptocurrencies like Bitcoin.
   • In some places, Bitcoin gambling may be fully legal, while in others, it may be restricted or outright banned.
2. Regulatory Complexity:
   • Since the mid-1990s, online gambling laws have struggled with the question of where a bet is considered to take place—whether in the bettor’s country or the location of the gambling site. This ambiguity makes it challenging to determine the legality of individual bets made with Bitcoin.
   • Many governments treat Bitcoin ambiguously, which can lead to confusion and uncertainty for gamblers.
3. Licensing of BTC Gambling Operators:
   • Many Bitcoin-accepting gambling operators circumvent these legal issues by acquiring remote gambling licenses from jurisdictions that have explicitly legalized sports betting and the use of Bitcoin.
   • Notable jurisdictions include:
     • Curacao: One of the most popular licensing options for online gambling operators.
     • Anguilla: Known for its favorable gambling regulations.
     • Other jurisdictions that have clear legal frameworks for online gambling.
4. User Discretion:
   • As a result of the complexities surrounding Bitcoin’s legal status, many Bitcoin gamblers choose to ignore potential legal implications or consider them someone else’s problem.
   • It’s important for users to be aware of their local laws and regulations before engaging in Bitcoin sports betting.

Where Can I Bet on Football / Basketball / Ice Hockey / Other Popular Sports?

You can place bets on these sports at virtually any reputable online sportsbook. Here’s a breakdown of what to expect:

1. Widespread Availability:
   • Football (soccer), basketball, ice hockey, and other major sports are universally available across almost all betting sites. Whether you’re looking for popular leagues or niche markets, you won’t struggle to find them.
2. Popular Leagues:
   • Football: Premier League, La Liga, Bundesliga, Serie A, Champions League, and more.
   • Basketball: NBA, EuroLeague, NCAA.
   • Ice Hockey: NHL, KHL.
   • These leagues are typically covered extensively, ensuring that you can bet on a wide range of matches.
3. Betting Markets:
   • Major sports come with a vast array of betting options. Beyond traditional bets such as win, lose, or draw, you can wager on:
     • Exact scores.
     • Goal scorers.
     • Number of goals scored.
     • First team to score.
     • Corners, cards, and more.
   • Some sportsbooks offer upwards of 100 different betting markets for a single match, providing plenty of options for bettors.
4. Bitcoin Sportsbooks:
   • Almost all Bitcoin-accepting sportsbooks will feature these sports prominently. Examples include:
     • Cloudbet
     • Stake.com
     • FortuneJack
     • Winz Casino
   • Each of these platforms provides robust sports betting sections with competitive odds.

Other Sports to Bet On

In addition to mainstream sports like football, basketball, and ice hockey, there are numerous other intriguing sports available for betting. Here are some of the lesser-known options:

1. Stock Car Racing:
   • NASCAR and Formula 1: Both offer various betting options, including race winners, top finishers, and head-to-head matchups.
   • Betting Markets: Wagers can include overall race winners, pole position winners, and lap leader bets.
2. Snooker:
   • A cue sport popular primarily in the UK, snooker has a growing betting market. Major tournaments like the World Snooker Championship attract significant betting activity.
   • Betting Markets: Players can bet on match winners, frame scores, and even specific player performances.
3. Table Tennis:
   • Particularly popular in Asia, table tennis betting has gained traction worldwide. Major tournaments and matches can provide betting opportunities throughout the year.
   • Betting Markets: Bets can be placed on match outcomes, set scores, and total points in a match.
4. Gaelic Hurling:
   • This traditional Irish sport has a passionate following and is known for its fast-paced and high-scoring games. Major championships like the All-Ireland Senior Hurling Championship are particularly popular.
   • Betting Markets: You can bet on match winners, point margins, and individual player performances.
5. Esports:
   • As discussed earlier, esports covers various competitive video games, with betting markets for games like DOTA 2, League of Legends, and Counter-Strike: Global Offensive.
   • Betting Markets: Options include match winners, total kills, and first team to achieve objectives.

Are There Any Good BTC-Betting Specific Strategy Tips & Things?

Here are some valuable tips to enhance your betting strategy in the BTC market:

1. Utilize Asian Handicap Bets:
   • Understanding the Concept: Asian handicap betting helps level the playing field by giving one team a virtual advantage. This method removes the possibility of a draw by applying a half-goal handicap.
   • Strategic Betting: As noted, Asian bettors often favor popular teams, leading to inflated odds for less popular teams. By betting on the less popular side, you can take advantage of these favorable odds.
2. Research and Analyze:
   • In-depth Analysis: Regardless of the sport, always perform thorough research. Check team form, injuries, historical matchups, and any other factors that could influence the outcome.
   • Look Beyond Surface Stats: Examine underlying statistics and performance metrics that may not be reflected in mainstream analysis.
3. Take Advantage of Promotions:
   • Bonuses and Free Bets: Many BTC sportsbooks offer attractive bonuses and promotions. Use these to maximize your bankroll, especially when placing larger bets.
   • Check Wagering Requirements: Always be aware of the terms associated with bonuses to ensure you can meet them before cashing out.
4. Manage Your Bankroll:
   • Set a Betting Budget: Allocate a specific amount for betting and stick to it. This helps mitigate losses and prevents you from chasing losses.
   • Use a Staking Plan: Consider using a flat-betting strategy or a percentage of your bankroll for each bet, ensuring you’re not risking too much on any single wager.
5. Explore Diverse Betting Markets:
   • Expand Beyond Major Leagues: Don’t just focus on popular leagues; explore lower leagues and less popular sports. These markets can sometimes offer more value due to less attention from bookmakers.
   • Look for Prop Bets: Explore prop bets that can provide unique opportunities based on player performances, match events, or other specifics.
6. Stay Updated on Market Movements:
   • Monitor Odds Changes: Keep an eye on how odds fluctuate leading up to an event. Significant shifts might indicate insider information or large bets being placed, which can be valuable for your betting decisions.
   • Engage in Live Betting: If you’re knowledgeable about the game, in-play betting can offer opportunities to place bets based on the live developments in a match.
7. Consider Cultural Differences:
   • Understand Betting Patterns: Different regions may have unique betting patterns (like the Asian market’s focus on even/odd scores). Familiarize yourself with these nuances to gain an edge.

Where Can I Bet on Horse Racing?

If you’re interested in betting on horse racing using Bitcoin, here are some points to consider:

1. Select a Reputable Betting Site:
   • Major BTC Sportsbooks: Look for larger, reputable betting sites that accept Bitcoin and offer a variety of horse racing events. Some of the top sites include Cloudbet, BetOnline, and FortuneJack, which tend to have more comprehensive coverage of racing events.
2. Coverage of Major Races:
   • Key Race Days: Most Bitcoin sportsbooks will feature significant racing events, particularly those from the UK and Canada, such as the Grand National, Kentucky Derby, and Royal Ascot. Ensure the site offers the races you’re interested in.
3. Available Markets:
   • Betting Options: While betting on horse racing isn’t as prevalent among BTC punters, the larger sites typically provide a decent selection of betting options, including:
     • Win/Place/Show bets
     • Exactas, Trifectas, and Superfectas
     • Head-to-head matchups between horses
     • Future bets on upcoming races
4. Promotions and Bonuses:
   • Check for Offers: Some sportsbooks may have specific promotions related to horse racing. Keep an eye out for bonuses that can enhance your bankroll for placing bets on races.
5. Research:
   • Study the Races: Just as with any sport, thorough research can significantly improve your chances of winning. Look into the horses’ past performances, jockey statistics, track conditions, and any relevant news before placing your bets.
6. In-play Betting:
   • Live Betting Options: Some sites may offer live betting on horse races, allowing you to place wagers as the race unfolds. This can be a thrilling way to engage with the event, especially if you’re following the race closely.

Where Can I Bet On UFC With Bitcoins?

If you’re looking to bet on UFC events using Bitcoin, here are some key points to consider:

1. Widespread Availability:
   • Every Bitcoin Sportsbook: Most sportsbooks that accept Bitcoin will offer betting on UFC events. This includes major fights, preliminary bouts, and both UFC main events and Fight Nights.
2. Strategic Betting:
   • Skill vs. Popularity: In UFC, the skill difference between fighters can be minimal, while their popularity can vary widely. This creates opportunities for smart bettors to capitalize on inflated odds for less popular fighters. By analyzing fighter performance, injuries, and training camps, you can find valuable betting opportunities.
3. Diverse Betting Options:
   • Variety of Bets: Betting options for UFC fights include:
     • Moneyline bets (who will win)
     • Method of victory (knockout, submission, decision)
     • Round betting (which round the fight will end)
     • Total rounds (over/under)
   • Larger sportsbooks may offer even more specialized betting markets.
4. Smaller MMA Organizations:
   • Availability: While UFC events are ubiquitous, smaller MMA promotions like Bellator, ONE FC, and Invicta may not be available at all betting sites. However, larger sportsbooks are likely to feature these events, especially those catering to Asian markets for promotions like ONE FC.
5. Boxing Bets:
   • Easy Access: Similar to UFC, major boxing matches are easily accessible at most BTC sportsbooks. All significant fights will be available for betting, allowing you to wager on both UFC and boxing events without difficulty.
6. Promotions and Bonuses:
   • Look for Offers: Some sportsbooks may provide special promotions or bonuses for UFC events. Always check for these to enhance your betting experience.

Can I Bet On Politics / Other “Specials”

• Political Betting:

  • Widespread Availability: Most Bitcoin sportsbooks allow you to place bets on political events, such as elections, referendums, and significant political changes.
  • High Stakes for Major Events: Major political events, such as U.S. presidential elections or Brexit, attract substantial betting activity. Bettors often wager significant amounts based on their insights or predictions about the outcomes.

• Specials and Non-Sports Bets:

  • Variety of Betting Options: Aside from political events, sportsbooks offer betting markets on various “specials.” These can include:
    • Reality TV show results (e.g., winner of a talent show)
    • Events like the Eurovision Song Contest
    • Plot twists in popular TV shows or movies
    • IMDB ratings for upcoming films
  • Entertainment Focus: These bets are often designed for fun rather than serious wagering, typically allowing smaller bets (like a few mBits).

• Smart Bettors:

  • Understanding Odds: Interestingly, bettors may sometimes have a better understanding of certain specials than the bookmakers. This was evident in events like Brexit and U.S. elections, where bettors placed more money on the underdog, resulting in lower odds for the eventual winning side.

Betting Limits in Bitcoin Sportsbooks

1. Minimum Bet Size:
   • The standard minimum bet across most Bitcoin sportsbooks is 1 mBTC (milliBitcoin), which is equal to one thousandth of a Bitcoin.
   • This amount is roughly equivalent to 1 Euro or Dollar, though it’s always good to check the current exchange rate.
2. Maximum Bet Size:
   • Maximum bet limits can vary significantly depending on the sportsbook and the specific match or market you’re betting on.
   • High-Profile Events: On larger, well-established sportsbooks, especially during popular events (like major football matches), you can often wager several Bitcoins.
   • Smaller Markets: In less liquid markets or smaller sportsbooks, maximum bets may be limited to 1 BTC or less.
3. Factors Influencing Limits:
   • Market Liquidity: The more money a particular match attracts (high liquidity), the higher the potential bet size. Bookmakers adjust limits based on the expected volume of wagers.
   • Site Size: Larger, reputable sportsbooks typically offer higher betting limits compared to smaller sites.

I’m From the USA, Can I Bet Online?

Yes, you can bet online using Bitcoin, but there are important considerations to keep in mind:

1. Limited Options:
   • Most Bitcoin sportsbooks do not accept bets from users in the USA due to the complex legal landscape surrounding online gambling and cryptocurrency in the country.
2. Legal Ambiguities:
   • The laws regarding Bitcoin gambling in the USA are intentionally vague, which creates a risk for operators. This uncertainty leads many sportsbooks to avoid accepting American players altogether.
3. Available Options:
   • Despite the challenges, there are a few reputable Bitcoin sportsbooks that do accept bets from users in the USA. It’s essential to do your research and find a platform that caters to American bettors.
   • Refer to the list provided at the top of the page for recommended Bitcoin betting sites that accept US players.

I’m From the UK, Can I Bet With Bitcoin?

While the UK is the number one online gambling country in the world, options for UK-based punters are surprisingly limited.

The UK is by far the most advanced country in the world when it comes to online gambling. It has a legal system regulated by the UK Gambling Commission in place and no shortage of players. However, when it comes to cryptocurrency gambling, things are not rosy.

The problem is that the UK has a list of gambling jurisdictions it considers to be good enough to take players from the UK legally. Unfortunately, these white-listed jurisdictions like Alderney and the Isle of Man don’t have rules governing BTC-gambling. For this reason, cryptocurrency operators can’t get a license from these places.

The result of this messy situation is that BTC and other cryptocurrency companies need to operate from egaming jurisdictions not found on the UK white list. This, in turn, means that many of them don’t dare to take UK players (even though for you, as a gambler, playing at these sites is still perfectly legal).

Anyways long story short, despite the limited options there are still good (great, actually) websites for BTC-betting. You can, for example, bet at CloudBet which is my #1 betting choice for players from any country.

Can I Bet in Litecoin / Dogecoin / Dash / Ethereum?

Yes, you can. Below is my list of recommendations for each smaller cryptocurrency and altcoin.

We are always on the lookout for new betting sites to recommend, which leads us to review hundreds of sportsbooks each year. If there’s one thing we can say for sure, it’s that many cryptocurrency-accepting betting sites only accept Bitcoin. Click the link below to check our recommendations for each of the coins.

• Dogecoin
• Litecoin
• Ethereum
• Dash
• Monero
• Zcash

If you have a stash of coins that cannot be used for betting right now, you can always exchange them for BTC at Shapeshift.io or other exchanges.

FAQ

Is Sports Betting Luck or Skill?
It’s a combination of both. You can get lucky with a single bet without knowing anything about sports. However, the more you know, the greater your chances of being successful.

Can You Win a Lot on Sports Betting?
Sports betting can be very profitable, but just like in casinos, there are no guarantees, so keep an eye on your money and play smart.

Is It Possible to Use Crypto When Betting on Sports?
Yes, of course. The casinos mentioned above will all accept crypto.

How Does Sports Betting Work?
Basically, sports betting is putting money behind the outcome of a game or a race, and if you are correct, you will win money. There are different bets you can make.

What Does 4.25 Odds Mean?
It means that if you make a €10 bet with 4.25 odds and win, you will win €10 x 4.25 = €42.50.