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Bitcoin Betting

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Finding the best bitcoin betting sites can be a chore. You’re not only looking at the odds of a bet. Instead, you have to check the credibility of the site. Also, a lot more bitcoin sportsbooks are coming with different bonuses. And you don’t want to miss any of that, right?

But wait, you have to know what separates a bitcoin sportsbook from a typical one, too. Or how about the disadvantages of it in part? There’s more to know. But you don’t have to worry about things too much.

In this article, we’ll guide you through them! In fact, we’re also going to take you on a trip to the best bitcoin betting sites. So, are you ready?
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BEST BITCOIN SPORTS BETTING and CRYPTO SPORTSBOOKS SITES [2022]

Choosing the best Ethereum sports betting sites can be a hassle for anyone. In fact, you have a higher chance of encountering a bad betting site than finding the perfect one the first time around. But that’s why this article is here to help you through. Let’s go through the ins and outs of Ethereum sports betting.

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BITCOIN SPORTSBOOK REVIEWS

STAKE CASINO

Stake Casino is a popular crypto casino and sportsbook. It’s one of its kind and started in 2017. Now, it’s one of the biggest names in crypto betting because it’s one of the pioneers of it.

POPULAR SPORTS

Stake Casino has a lot of popular sports to bet on. There’s soccer, ice hockey, basketball, tennis, and cricket to name a few.

ESPORTS

Yes, esports is available at Stake Casino In fact, you can play CS:GO, LoL, Dota 2, StarCraft, and Rainbow Six Siege there. These are the most popular esports in the market today. So, Stake.com has been keeping up well with the trend.

BITCOIN BETTING EXPERIENCE

Now, let’s go see how Bitcoin played here. Bitcoin is the main coin of Cloudbet. So, you get all the ease in playing with Bitcoin on this site.

FUNCTIONALITY and EASE OF USE

For the user interface, it was also smooth. There’s no lag and you can work with its features without much hassle.

PROS and CONS
Pros:
  • Good bonuses
  • Has a strong Bitcoin presence in all features
  • Available free modes in games
  Cons:
  • No mobile app
  • Hard VIP Program qualifications
BETTING BONUSES and VIP PROGRAM [specific only to sports betting]

There’s no welcome bonus at Stake Casino. But, you get weekly giveaways and special tournaments to help you keep up with rewards!

SECURITY, LICENSING, and PROVABLY FAIR

The crypto casino boasts a 2FA system to make sure all players remain anonymous and safe. There’s also the Provably fair games that protect players from fraud in games. And last but not the least is its licence from the Curacao Gaming Authority.

REPUTATION [customer reviews]

Stake Casino has a good reputation among crypto casinos. Many customers had a good experience with it, from security to bonuses.

CLOUDBET CRYPTO CASINO

Cloudbet is a Bitcoin casino and sportsbook that boasts over 300,000 users today. It’s also considered as a great bitcoin sportsbook for its world-class quality.

POPULAR SPORTS

Cloudbet has a great variety of popular sports. But if we’re talking about where it leads, it’s the NBA odds. There’s a lot of NBA-related betting markets on the site.

ESPORTS

Like any other betting site, Cloudbet features some of the best of the bunch. You have Counter Strike, Dota 2, FIFA, League of Legends, and Rainbow Six! There are more but these are their most common games.

BITCOIN BETTING EXPERIENCE

Now, let’s go see how Bitcoin played here. Bitcoin is the main coin of Cloudbet. So, you get all the ease in playing with Bitcoin on this site.

FUNCTIONALITY and EASE OF USE

For the user interface, it was also smooth. There’s no lag and you can work with its features without much hassle.

PROS and CONS
Pros:
  • Good bonuses
  • Has a strong Bitcoin presence in all features
  • Available free modes in games
  Cons:
  • No mobile app
  • Hard VIP Program qualifications
BETTING BONUSES and VIP PROGRAM [specific only to sports betting]

You get 800 loyalty points every time you bet, which gives you 0.001 BTC in your account. It’s a good bonus but the VIP Program is hard to climb. You’ll need to continue depositing until Cloudbet tells you you’re in the program.

SECURITY LICENSING, and PROVABLY FAIR

Cloudbet has a licence from the Curacao Gaming Authority. It also only allows member players to bet. But everything else, it’s the player that needs to be aware of themself.

REPUTATION [customer service]

Majority of Cloudbet’s reviews are positive. But a main concern with its complaints has to do with its very slow withdrawal process.

FORTUNEJACK CASINO

FortuneJack started out as a Bitcoin-only casino. Then, it shifted to offer more cryptocurrencies. It started as early as 2014, and is now a leading cryptocurrency casino. It also champions a lot of security-related measures.

POPULAR SPORTS

FortuneJack has three popular sports: soccer, basketball, and tennis. It aims to be the best sportsbook for these three sports. For other ones, it doesn’t have much to offer.

ESPORTS

For its esports games, you have Valorant, Dota 2, Counter-Strike, and League of Legends among many others.

BITCOIN BETTING EXPERIENCE

If you use Bitcoin then it’s no different from the other cryptocurrencies the site offers.

FUNCTIONALITY and EASE OF USE

Now, in its user interface you get to have a smooth experience. It signals that your games are in high quality and won’t be in bad shape.

PROS and CONS
Pros:
  • Good UI
  • Has enough sports betting games
  • Has good security

Cons:
  • Long withdrawal process
  • No mobile support
BETTING BONUSES and VIP PROGRAM [specific only to sports betting]

There’s no specific bonus for sports betting. But you can get a matching 170% on your first few deposits, regardless where.

SECURITY, LICENSING, and PROVABLY FAIR

It has a Provably fair audit, and a licence from the Curacao Gaming Authority. So, you’re sure to enjoy every bit of protection from this site.

REPUTATION [customer service]

In reputation, FortuneJack is a great crypto casino. But it could always add more to its betting section. For instance, more bonuses for it.

MARSBET CASINO

Marsbet casino is an online sportsbook that started in 2013. It features some of the most diverse online casino and crypto betting games.

POPULAR SPORTS

Unlike other sites, Marsbet’s popular sport is its only one available: football. It doesn’t focus on other sports. So, if you’re a football fan, then this is the best bet for you.

ESPORTS

Marsbet has some modern esports in its collection. It has Valorant, Dota 2, League of Legends, Crossfire, etc.

BITCOIN BETTING EXPERIENCE

If you use Bitcoin, you’re in luck. Then if you bet using it, you have a lot of chances to get a lot of cashback from it.

FUNCTIONALITY and EASE OF USE

The interface is average to below average. It has some lags and could be better. But it’s still worth trying out for new players.

PROS and CONS
Pros:
  • Has special placement for Bitcoin
  • Has a cashback system
  • Provably fair games

Cons:
  • Bonuses are below average
  • Customer support is bad
BETTING BONUSES and VIP PROGRAM [specific only to sports betting]

For wagering 35x, you can get a 10% cashback on sports betting. It’s a huge bonus and exchange to have.

SECURITY, LICENSING, and PROVABLY FAIR

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REPUTATION [customer service]

Marsbet holds a licence from the Curacao Gaming Authority. Then there’s also the SSL-encryption for all things related to anonymity. And last, it has a Provably fair audit on its games.

HISTAKES CASINO

Histakes is an online casino geared towards crypto gambling only. And if you have some Bitcoins to spare, then this is the best casino for you.

POPULAR SPORTS

The top choices at Histakes are soccer and cricket. If you’re a fan of either sport then this is a good match for you.

ESPORTS

There’s a lot of esports, too. You have CS:GO, LoL, Dota 2, and Call of Duty. So yes, it has the most common games.

BITCOIN BETTING EXPERIENCE

You can use Bitcoin, but there are also other altcoins available. And Bitcoin is nothing special when betting on sports.

FUNCTIONALITY and EASE OF USE

Now, the user experience is astounding! Everything is easy to work with and you can see how all the games don’t lag and fit well with the interface.

PROS and CONS
Pros:
  • Has a responsible gaming feature
  • Has a great security feature for all transactions

Cons:
  • No mobile app
  • Doesn’t have a lot of games
BETTING BONUSES and VIP PROGRAM [specific only to sports betting]

You can get 0.025 BTC on your welcome bonus package. You also get a matching 100% bonus on your first few bets.

SECURITY, LICENSING, and PROVABLY FAIR

HiStakes has a licence to run as a business. It also holds a licence from the Curacao gaming Authority.

REPUTATION [customer service]

HiStakes has a good reputation as a sportsbook. The only complaints were about not having  a lot of games for an old casino.

PARIMATCH CASINO

Parimatch is an old sports betting site that started in 1994. Its headquarters are in Cyprus, which also boasts a big market in sports betting. If you want an international experience in sports betting, you have all the diversity in Parimatch.

POPULAR SPORTS

Parimatch has a great focus on the European and Asian sports betting market. You have a huge take on cricket and football for the most part.

ESPORTS

For its esports, you have CS:GO, StarCraft, Dota 2, etc. It’s nothing different from other casinos’ esports.

BITCOIN BETTING EXPERIENCE

You have other cryptocurrencies you can use aside from Bitcoin. But there are specific rewards that tailor fit to Bitcoin.

FUNCTIONALITY and EASE OF USE

The user interface is very modern and neat. You can find all of the features without hassle. And, you can go for customer support in seconds!

PROS and CONS
Pros:
  • Has up to 25 sports to bet on
  • Quick withdrawals
  • Has live broadcasts for sports bettors

Cons:
  • More on cricket bets
  • Very narrow and strict registration process
BETTING BONUSES and VIP PROGRAM [specific only to sports betting]

You can get a 150% match on your sports betting. But there’s nothing more after that.

SECURITY, LICENSING, and PROVABLY FAIR

Parimatch’s registration process is very narrow already. When you become a member, you’re sure to be safe and anonymous. The site also holds a legal licence in India and the Curacao Gaming Authority.

REPUTATION [customer service]

Parimatch’s majority of reviews rests upon positivity. Then there’s a complaint regarding its strong registration process which doesn’t verify some accounts

BOVADA CASINO

Bovada started in 2011. It’s an online casino and sportsbook based in Costa Rica. And it caters to most US sports leagues and horse racing.

POPULAR SPORTS

As mentioned, the most popular sports are horse racing and soccer in US leagues.

ESPORTS

Bovada doesn’t have famous games. It’s because it caters more to the US than the world. But still, you can play Counter Strike and Call of Duty.

BITCOIN BETTING EXPERIENCE

If you’re using Bitcoin, there’s not much difference from altcoins. You can also see more of the games accepting Bitcoin. So, this is a perfect choice for those who have coins other than Bitcoin but want Bitcoin.

FUNCTIONALITY and EASE OF USE

Bovada has a good user interface. We won’t say it’s the best, but it’s functional. It’s simple and easy to navigate. There’s also some lags, but they’re bearable to say the least.

PROS and CONS
Pros:
  • Low wagering requirements
  • Has quick withdrawals
  • Has over 30 sports available

Cons:
  • Bonuses for sports betting are very few
BETTING BONUSES and VIP ROGRAM [specific only to sports betting]

There’s not a lot of bonuses but there’s one that stands out in sports betting. You can get a Sports Welcome Bonus worth $500 used in sports betting.

SECURITY, LICENSING, and PROVABLY FAIR

Bovada features an SSL-encryption system which mentions keeping players more anonymous than ever. Aside from the SSL-encryption, there’s nothing more.

REPUTATION [customer service]

Bovada has a good reputation among players based in the US. But one complaint has centred around low bonuses on the site.

SPORTSBET.IO

If we’re talking about a great sports betting site then Sportsbet.io makes it to the top. As a sportsbook first before an online casino, it has a competitive air for bettors. It also gives the best deals for promotions and bonuses related to betting.

POPULAR SPORTS

You have a lot of popular sports to see. There’s football like AFL, baseball, tennis, and basketball. Sportsbet.io caters more to those in Europe and North America.

ESPORTS

For esports, there’s Dota 2, Counter Strike, and Call of Duty. As you can see, it’s more on guns and the battlefield for this sportsbook.

BITCOIN BETTING EXPERIENCE

Bitcoin is no different from other coins at Sportsbet.io. That means you can deposit and withdraw from your crypto wallet with no hassle.

FUNCTIONALITY and EASE OF USE

Since the providers of Sportsbet.io are good at interfaces, Sportsbet.io wins this. Everything feels so modern, fast and smooth. Your PC won’t have a hard time processing requests with this smoothness.

SECURITY, LICENSING, and PROVABLY FAIR

Sportsbet.io holds a licence from the Curacao Gaming Authority. And there’s Provably fair game audit for all the games on the site. It’s to check the odds whether it’s leaning towards the player or the bookmaker.

PROS and CONS
Pros:
  • Has a great user interface
  • Accepts many cryptocurrencies other than Bitcoin

Cons:
  • Poor customer service
  • Very few sports betting options
BETTING BONUSES and VIP PROGRAM [specific only to sports betting]

There’s no welcome bonus at Sportsbet.io. But for betting, you get free bets when your IPL team wins a round.

REPUTATION [customer service]

Sportsbet.io has a good reputation in sports betting. But in esports, it could still do better.

Table of Contents

Advantage of bitcoin betting over traditional gambling

Here are the benefits of going for bitcoin betting sites:

ANONYMITY

Security is one’s main concern when gambling. On a sad note, not all casinos, even online, guarantee this. But if you have Bitcoin or any crypto as your payment method, you’re sure to be safe. Why? Because all activities you do with crypto are private. More so, the blockchain only shows your transaction, not your identity. If you do traditional banking, you have the problem of your bank details going out there.

LOW FEES

You have low to now fees when you go for bitcoin betting! Yes, because there’s no third party app that facilitates it. Unlike with traditional gambling where you’ll need a payment method that charges service fees. So, enjoy more with less the price with bitcoin betting!

FASTER PAYOUTS

As mentioned, since you don’t have a mediator in the transaction process, everything is not only cheaper but also faster. Sometimes, the lightning method in cryptocurrency does the job in less than a day. Also, it transfers directly to your crypto wallet which makes payouts easier.

BET ANYWHERE

Crypto wallets run on the internet. You don’t have to see whether your country doesn’t allow the site. If you use cryptocurrencies like Bitcoin, then you’re good to go.

BETTER BONUSES

Bitcoin betting sites give you the best bonuses of up to 1 BTC most of the time. And the best bitcoin sportsbooks give up to 5 BTC! So, you’re about to earn ten times what you would with traditional banking.

NOT TAXABLE IN SOME COUNTRIES

Since bitcoin is in a grey area in taxation, some countries let it float with no tax. So yes, you earn what you won without any tax fees.

Disadvantages of bitcoin betting over traditional gambling

After seeing the benefits, it’s time to look at some downsides to choosing bitcoin betting. Here they are:

POOR REGULATION

Since bitcoin is still in a grey area, there’s no clear authority to it. So, players must be careful because they’re on their own. If things go downhill, no one is accountable for it. And this goes to websites that need to ramp up their security policies, too.

BITCOIN PRICE VOLATILITY

Even if the site gives you big bitcoin bonuses, if the price value of it goes down, then it’s lower. No one can make the price of bitcoin stay as it is. So, be aware of its price every time you’re about to cash out.

UNTRACEABLE

Every transaction runs in an anonymous manner. In fact, they’re also untraceable to whom you send your bitcoin. So, always have checks before transacting.

Factors to consider when selecting a bitcoin betting site

There are so many bitcoin betting sites that appear everyday. But what separates the best bitcoin sports betting sites? It’s important to have a criteria for this because you’re going to spend it. More so, you risk yourself to security threats. Those things add hassle to your gameplay. So, we’re here to guide you through the factors that make a good bitcoin betting site.

You should know that there’s no specific authority to bitcoin betting sites. But you should still be aware of licences. Something you should always look out for is credibility from a licensing authority if you can’t decide.

RESTRICTED COUNTRIES

You want your bitcoin betting site to have as few or no restricted countries as possible. This poses that there are many countries that still don’t trust it. So, it would be better if they are accessible even without VPN.

REPUTATION

Always have the time to check customer reviews. They save you a ton of time grasping an opinion about a bitcoin betting site.

SPORTS AVAILABILITY

The best bitcoin sportsbooks have a lot of games for you to play. But more doesn’t always mean better. By availability, we mean that you have good access to these sports without hassle.

TERMS and CONDITIONS

If you feel like the terms and conditions are ripping you off, it’s best to avoid the site. Always scan it before signing up to make sure you’re not agreeing to what the site only wants. Also, the terms and conditions tell you how much you’ll earn with the site. So, it’s good that you know how much the site can take from you, too.

BETTING BONUSES and VIP PROGRAMS

Bonuses help you climb the ladder and make you stay playing. If there’s low bonuses with high wagers required, then you might find it hard to stay. We also look at the VIP Programs and whether they’re worth aiming for. What are the qualifications?

WITHDRAWAL OPTIONS

Always check how many methods allow you to withdraw your winnings. The more, the better. And check if those methods are legitimate or supplied by the site, too.

Best Place to Buy Bitcoin for Sports Betting

The best place to buy bitcoin for sports betting is whichever suits your fit! Some bitcoin betting sites let you get bitcoin from them. But we don’t recommend this unless the site is very reputable. Much better if you already have some bitcoins with you before you get into a bitcoin sportsbook.

You have many options to buy bitcoin for sports betting. First, try to win some. If you don’t find any no-deposit bonus or free round, then that’s okay. You can get them through exchanges and trading apps like Binance. There’s financial apps that let you buy bitcoin, too. Check if some banks in your country allow that.

How To Bet on Sports With Bitcoin?

Betting on sports with Bitcoin is easy. This is especially true if you’re using the best bitcoin sportsbook. But to ease the process, we’ll tell you how. Before that, we want to mention that if a bitcoin sportsbook converts your BTC to USD, then that’s a red flag. If you put BTC, you should also get BTC. So, look out for those casinos and avoid them.

Now, how do you bet on sports using Bitcoin? First, set up your crypto wallet. You should make sure that it accepts Bitcoin, because some don’t. Then, check if the bitcoin sportsbook accepts linking your wallet to the site. A good way to do this is to check the bitcoin sportsbook reviews.

Then, navigate through the deposits option on the site. There you have it, you can now deposit some bitcoins straight from your wallet to the site!

FAQs

Bitcoin gambling is a form of gambling where players use Bitcoin for payment and payout.

You can gamble Bitcoin on any crypto casino that accepts it.

The risks of using Bitcoin include having a volatile price value. Then there’s also the fact that every transaction is too private that it’s untraceable.

For now, the best Bitcoin sportsbook is Cloudbet. It has the most modern features and big bonuses with it that you’ll never miss out on anything.

You use it as your payment and get it as your payout. It runs like any typical currency would in sports betting.