Bitcoin Sportsbook Reviews

5 stars based on 72 reviews

Sports betting on the Internet is one of the most lucrative and exciting ways to get a slice of the action while enjoying the thrill of potentially winning big. Choosing the right sportsbook can be a challenging experience, especially since there are so many options available, so we decided to make things easier for you.

Once you take the plunge and start your sports betting journey, you may be considering using Bitcoin for your online betting deposit. In this case, you will need to find a Bitcoin-friendly sports betting platform, and fortunately for fans of the digital currency, there are plenty of options. In fact, these major brands have not only accepted it but have made the cryptocurrency a big part of the business.

Because of the growing popularity and interest in Bitcoin, sports betting sites have ensured that its services are as Bitcoin-friendly as possible, with more platforms joining the cause. Many of these sportsbooks offer generous bonus plans and incentives to motivate bettors to use Bitcoin instead of standard online banking and outdated methods.

Using Bitcoin benefits both the bettor and the sportsbook and the platform saves money, and the player enjoys the freedom of little or no transaction fees, no third party involvement, increased privacy and more financial flexibility. Our list of recommended Bitcoin-friendly sportsbooks is tested and reviewed to ensure the highest quality betting options and procedures.

These sites have met our strict criteria, which include a variety of betting markets, safety and security, the platform's licensing, certification and trust, bonuses and promotions, and usability. If you've heard the word 'Bitcoin' thrown around, you are not alone.

Bitcoin is a virtual currency that has been around for a few years but has seen an insurgence of interest in recent months. An unknown person who goes by the alias of Satoshi Nakamoto created the digital currency in When Bitcoin was first introduced to the market, many individuals and vendors were wary accepting an unknown currency, but these days the cryptocurrency is becoming more and more mainstream.

It has become a strong contender in the industry, with many sectors embracing this new and exciting financial time and accepting Bitcoin as a reliable and convenient banking option. One of the first sectors to truly encourage the use of Bitcoin was the online gambling industry, which includes many of the biggest casinos and sportsbooks on the Internet. Bitcoin is a digital currency created by using mathematical computations and is generated by millions of individuals known as 'miners.

This is done through the use of a 'wallet,' which exists either on a user's computer or in the cloud. Bitcoin can be used as a currency with which to pay for goods and services. This virtual currency is completely decentralised, so no banks are involved as a third party, ensuring the complete anonymity of its users. In addition, there are no associated transaction fees, making Bitcoin an excellent option for those looking to enjoy online gambling anonymously in the privacy of your own home.

Bitcoin sports betting is one of the most convenient forms of betting on the Internet. Betting with Bitcoin works the same as placing bets with standard methods but with additional benefits. In addition to a variety of sports markets and events covered, the odds and betting options make Bitcoin sports betting a top choice for serious bettors. With Bitcoin sports betting, players will find that there are different odds formats like moneyline odds, American odds, decimal odds and fractional odds, to name a few.

As mentioned before, many online sportsbooks are offering extra bonuses and incentives to bettors opting to use Bitcoin as a deposit or withdrawal method. Operators know how enticing sports bonuses and promotions can be, so they make sure that there are always excellent deals lines up for the picking. Many of these vendors start with a generous welcome bonus, followed by additional deposit bonuses and rewards to loyal and ongoing bettors.

There are many advantages to Bitcoin sports betting, some of which were mentioned before. Bitcoin sportsbooks cover many sports, including some of the most popular by region like football, American football, basketball, rugby, cricket, tennis, hockey, athletics, MMA, and more.

In addition to the variety on offer, Bitcoin sportsbooks can potentially offer higher odds than traditional currencies on certain events. If you want to make sure that you are getting the best odds on a particular event, it is a good idea to check the odds on various Bitcoin sites. Another advantage is the ability to bet on international markets, which you may not be able to do with any regular sportsbooks.

Some Bitcoin sportsbooks also offer incredible welcome bonuses when you join the website, which includes regular betting bonuses and referral programs. Players should keep an eye on the promotions section for the latest offers. Another great advantage of Bitcoin sports betting is the ability to indulge in the activity with complete anonymity as you will not have to provide any personal or financial information beyond your email and Bitcoin address.

Money is also transferred instantly, so there is no waiting period when making a deposit or withdrawal. More and more players are starting to understand the benefits of Bitcoin. This includes usability, anonymity, flexibility, and overall saving of money. These factors give Bitcoin sports betting an edge over traditional methods, and many sportsbooks are becoming aware of this.

That being said, players using Bitcoin should make sure that you choose a legitimate and reliable online sportsbook with an established reputation to reap the most rewards. Bitcoin Sports Betting Guide Sports betting on the Internet is one of the most lucrative and exciting ways to get a slice of the action while enjoying the thrill of potentially winning big.

Recommended Sites for Bitcoin Sports Betting. How Bitcoin Sports Betting Works. Advantages to Playing Bitcoin Sports Betting.

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The use of Bitcoins as an alternative payment system has become increasingly popular as more and more companies find an online presence. And now — whatever your favorite sport is — you can bet on it with bitcoin — worldwide. As a currency that is based entirely online, it has become a preferred reward system for many sportsbooks. These sportsbooks act essentially as interactive forums where individuals can lay bets on the outcome of different sports, ranging from anything to golf and wrestling to league-oriented professions like soccer and football.

There are a number of reasons that some of the top online sportsbooks have begun — often exclusively — to use Bitcoins as their preferred currency system. As a result, using Bitcoins allows users and providers to avoid legalities concerning gambling laws — in certain countries or states where betting and gambling is illegal, Bitcoin is not subject to the same circumscriptions. The same applies to Bitcoin Fantasy Sports.

The virtue of being completely online also opens up two other benefits: This bodes well for sportsbooks since often times their method of wagering can be time-based. Because of its peer-to-peer system, it also means that there are no fees such as those attached to credit cards, and the fees that are present are paid by the purchaser rather than the vendor. Generally this is equivalent to a digital wallet. To actually acquire currency, one can either receive Bitcoins in the form of payment for goods or services from other users, barter for new Bitcoins from friends, or buy them outright from certain bitcoin exchanges more here using your own bank account.

In general, some of the top Bitcoin Sportsbooks have managed to attract a loyal and growing number of patrons by carving out a niche for themselves and offering better odds, variety of betting options, and usability than their opponents.

Some more popular ones include Nitrogen Sports and Cloudbet , both which have a vast number of different sports available for newcomers to gambling and tested veterans alike.

But when it comes to gambling — whether on future games or live — variety is just one of several things to take into account before signing up with a sportsbook. The grade of a given sportsbook is contingent on a number of factors, with sites like CloudBet, Sportsbook. Knowing which odds are the best, compared to other sites, and knowing how to use the wagers to your advantage go hand in hand.

As with all betting, there is also the matter of minimum and maximum wagers, and regardless of your proficiency with online betting this should play a role in your decision. Knowing your own skill level, and having some idea of your overall ratio of success will enter into your decision about which sportsbook you most closely identify with. Another consideration is bonuses. A number of sites — most notably Cloudbet — will even offer welcome bonuses for users signing up for the first time.

For example, a site may offer a full bonus up to 0. Some sites also offer free bets, where you can make a wager without having to put down any currency. There are also bonuses related to whether or not you refer friends who also sign up, and bonuses that reduce the juice — this is a term that refers to the amount a given sportsbook will charge you when you make a bet on something — thereby giving you a slight edge.

Fishing around sportsbooks to see what sorts of bonuses are available, and how they translate into earnings for you, is a good way to weed out which sites have a proven track record and which are scams. Obviously another important factor is security. In order to counter this, the better online sportsbooks have nearly all taken measures against fraudulent activity even in the case of some introducing a DDoS shield to protect against cyber-attacks. A two-step authentication process is in place for most sportsbooks as well, which involves a username and a passcode in conjunction with SSL encryption.

In some cases — such as with Nitrogen Sports — merely visiting their site will open an anonymous account, while other sites may require a username and valid e-mail. Still those data can be fake, as long as you have access to the email address you use for the signup. Generally the sites that have been around the longest tend to be the ones that are the most trusted, and you can always do a little digging to see when a sportsbook came online which can give you a pretty good idea of how trustworthy they are.

The pros of using a Bitcoin Sportsbook have already been alluded to, and include the ability to make lightning fast transactions in real-time using up-to-date metrics on live sports. There is also the anonymity granted by using an E-wallet, and the limited amount of personal information needed to sign up for these sportsbooks, which can give some peace of mind.

The cons, however, are related to the same thing: Bitcoin can be a risky and volatile venture, and for individuals new to using it there are a number of pitfalls. There is also, of course, the unpredictability of gambling itself. While there is a degree of skill in the betting pools, especially with league sports, a greater portion of the outcome is based on luck, and every player needs to be cautious and aware of this. Gambling on sports can be a fun — and sometimes easy — way to make money and interact with other players who are just as enthusiastic.

The rise of virtual currency in the form of Bitcoins represents a revolutionary way to bet online, by putting a huge selection of your favorite sports at your fingertips and challenging you to guess and deduce the outcomes of games in a safe and secure environment. While there always risks associated with betting, part of its charm lies at the crossroads where skill and luck meet — ultimately it comes down to being informed, understanding the rules and process of each sportsbook, and being cognizant of the stakes: Compare your Top 3 Bitcoin Casinos: Maximum Payout No Max.

Pro great odds good usability one of the best on the market. Contra no live chat. Pro awesome design great social features community chat very good security. Contra lack of different betting options. Bonus points winning system. Contra No welcome bonus. Minimum Deposit No minimum deposit. Contra No crypto currency is accepted Customer Service needs polish. Maximum Payout No Limit. Contra Does not accept Credit Cards No direct phone support Website needs to be redesigned feels cluttered.

Featured Sports Counter Strike: Pro good odds wide range of sports accepts also litecoin. Contra account management could be better. Pro great bonuses many deposit and withdrawal options website very userfriendly many betting markets and games.

Contra lots of data required for signup. Location Douglas, Isle of Man. Contra Identification is needed for transactions no anonymity Does not accept Bitcoin. Pro fast withdrawals 0 confirmation deposit. Contra not an intuitive website. Pro huge selection of sports good bonus great mobile betting. Contra old fashioned design. Contra layout looks a bit outdated. Best Bitcoin Sportsbook The use of Bitcoins as an alternative payment system has become increasingly popular as more and more companies find an online presence.

Of course you can bet on all your favorite sports events with bitcoin: How to start with Bitcoin? So what makes a good sportsbook? What are the odds? For example, some football pools use Asian handicaps that have five different wagers: Minimum and maximum wagers? Welcome Bonuses for Bitcoin Betting Another consideration is bonuses. Security And Reliability Obviously another important factor is security. Anonymous or fully registered? Bitcoin Sportbook Conclusion Gambling on sports can be a fun — and sometimes easy — way to make money and interact with other players who are just as enthusiastic.