The evolution of the betting industry in these modern times has provided different ways bettors can now place bets. In addition, the introduction of crypto betting platforms has allowed the massive development of new betting options in the gambling world.
Furthermore, cryptocurrencies are now a driving force in the payment sector of many organizations. Therefore, as the demand for Bitcoin betting platforms is increasing, it is now up to these bookies to step up their game.
The availability of multiple selections is one-way Bitcoin sportsbooks that outshine traditional sports bookies. Most sports bettors are known to be very tactical in their approach. Many punters spend hours analyzing a particular outcome to see if it benefits them.
However, the presence of good selections can go a long way in increasing players’ chances of coming out with a win. First, this guide will discuss the multiple betting options available on Bitcoin sportsbooks. Additionally, we will discuss crypto betting platforms and how punters can begin operating with them, following this sick sports betting guide.
Popular Coins Used for Crypto Betting
Bettors can not make a wrong choice in selecting a cryptocurrency with which to bet, as each coin has its benefit. Since the introduction of Bitcoin, many other currencies have joined the crypto market. More than 20,000 cryptocurrencies are in circulation presently.
Bitcoin is probably the most popular coin for betting on any Bitcoin bet platform. Since it is the first-ever cryptocurrency, it is common among crypto gambling enthusiasts. Furthermore, it offers many benefits bettors won’t get from using traditional fiat currency. Also, many sportsbooks in the industry operate solely on Bitcoin because it is the most owned digital currency.
Ethereum is one of the only cryptocurrencies right now that can rival Bitcoin. Although it is seen as an upgrade to Bitcoin, it has not been able to match its success. Also, it is one of the safest coins bettors can use when making deposits and withdrawals.
The Litecoin digital currency can be seen as every bettor’s friend due to its low value. It offers the same qualities as Bitcoin and Ethereum but at a readily affordable price.
Dogecoin’s growth in the sports betting industry was unexpected. Hence, Its sudden burst in value has made it one of the most popular coins. Therefore, newbies to the betting industry usually start with the less expensive coins like Doge for gambling.
Betting Options Available On The Crypto Sportsbook
Most fiat currency sportsbooks provide options on only the top and most watched sports, thereby neglecting others. Moreover, even for the available sports, the selections provided are limited. In contrast, the top Bitcoin betting platforms offer categories that cut across multiple types of sports.
The process of staking on soccer events on crypto bookmakers is the same as traditional bookies. However, Bitcoin betting sites have higher odds, which is an advantage to bettors. Soccer is one of the most gambled sporting events and has been lucrative to punters recently. Once understood, selecting a possible outcome is not difficult.
The straight winner option is the most selected outcome by punters. Other wagering options include goal bet or double chance bet.
American Football Betting
NFL is a popular competition offered by many crypto bet bookmakers. It is one of the most watched events in Canada and the United States. Furthermore, besides the NFL, these bookies offer lower leagues from the USA and Canada. The most popular betting outcome punters go for is that of Moneyline and parlay.
The NBA competition is watched globally, with bettors placing bets on the different matches. In addition, its large number of teams makes it more fun for bettors with numerous games being played. Outcomes like straight winner, highest scoring quarter, and quarter bet are all available for bettors.
The NHL has the highest number of available markets for bettors since it is the most popular hockey competition. Besides the NHL, bettors can place bets on leagues like the Ontario Hockey league(OHL) or the Western Hockey League(WHL). The most popular outcomes for hockey betting are the point spread, Moneyline, and over/under bet.
How to Start Betting With Crypto
For placing crypto bets, the main thing needed is self-evident, any cryptocurrency of your choice. Unlike what many others make it out to be, cryptocurrency is very simple to use. Modern sportsbooks have made cryptocurrencies’ use on their platforms very easy. Therefore, for newbies to the world of Bitcoin betting, adhering to the following steps could be very helpful in starting their betting journey.
1. Select a Crypto sportsbook of your Choice
Choosing a crypto bet platform that accepts more than one cryptocurrency is essential. Nevertheless, if that is your preference, you can go for a platform that operates only a single type of currency. Bettors can make a compounded list of the sites they intend to join. Therefore, thorough research should be done by punters about their operations. After that, they can then choose the best Bitcoin bet bookmaker.
2. Start your Registration
Registration is usually quick and stress-free; all needed is predominantly an email address and your preferred password. Some sports books may request additional information like a phone number. For other bookmakers, these details may be optional, with some requiring only a username and password.
3. Link your Crypto Wallet to your Account
Once your Bitcoin bet account has been verified after registration, the next thing to do is to link your Bitcoin wallet. You can paste your wallet address on your profile to enable easy deposits and withdrawals. Bettors can choose their preferred cryptocurrency whenever they want to initiate a transaction.
4. Choose your Preferred Market Selection
After funding your account with the amount you wish to stake, you can start making your selections. Crypto betting sites are vast in their selections, and punters have complete access to all their markets and betting categories.
The world of sports betting is vast and diverse, filled with many markets and selections. With different payment options and various selection options, Bitcoin sportsbooks are the best betting options. Consequently, with Bitcoin betting sites, bettors can take advantage of these opportunities.