Bitcoin Betting Odds

Bitcoin Betting Odds – How to find the sportsbook offering the best odds

If you want to bet on various sports events online with Bitcoins, you should make sure you sign up with a safe and trustworthy Bitcoin sportsbook site that offers the best sports betting odds. The odds dictate the amount your bet will pay out when your selection comes in. That is why it is important to find Bitcoin sportsbook that offers competitive odds.

Sportsbooks often make their betting odds tight so it can be hard for a sport betting fan to find the best odds online. Therefore, it is important to shop around because if you make bets that come with bad odds, you will never make a profit from sportsbetting. Read on to learn more about the types of Bitcoin betting odds and how to find them online.

Types of Bitcoin Betting Odds

In order to find the best sports betting odds out of so many online Bitcoin sportsbooks, first you need to know how to read the odds. The odds are usually provided in three different formats and you should know how they work.

–          Decimal odds

–          Fractional odds

–          American odds

Decimal odds

These odds come in decimal number and stand for the Bitcoins you win per 1BTC you bet. For example, if a Bitcoin sportsbook shows 1.71 as odds it means that you get 1.71BTC for each 1BTC bet you win at the site. The odds in most Bitcoin sportsbetting sites are represented by decimal number.

Fractional odds

The fractional odds also represent the number of Bitcoins you win for every 1BTC wagered if the bet wins. If a sportsbook provides fractional odds change them to decimal. For example, fractional odds of 1/2 are 1.5 in decimal odds. Then multiply the Bitcoins you want to bet with the decimal odds to find out the amount of Bitcoins you can win.

American odds

American odds are listed as negative or positive numbers. If the odds are negative (e.g. -110), bettors will have to bet the amount next to the sign (e.g. 110 mBTC) to make 100 mBTC profit. These odds can be found at traditional online sportsbooks.

What Is Line Shopping?

You should do line shopping in order to find the best Bitcoin sports betting odds online. Line shopping is the same as any other kind of shopping. For example, when you are looking for a new TV you shop around to see who has the best price. Line shopping works the same way as when you try to find the best betting odds.

You simply pick a line which can be money line, spread or total and compare it across two or more Bitcoin sportsbook sites. The site that offers the best odds also offers the best return on your money and you should bet that line on that site.

How to Find the Best Bitcoin Betting Odds

Once you know the types of betting odds and how to do line shopping, you can start looking for the best Bitcoin sports betting odds online. Here are a few factors to consider:

  • Choose a match
  • Compare the odds
  • Pick the best Bitcoin sportsbook

Choose a Match

Choose the sports game you want to bet on with Bitcoins. This can be done by searching the web for online Bitcoin sportsbook websites where you can bet on that particular match. Open the sportsbooks that offer the match in separate tabs so you can compare the odds.

Compare the Odds

Different Bitcoin sportsbook offer different odds for one particular match. Some offer higher while some offer lower odds for the same game you wish to bet on, so in order to find the best odds, look closely at them.

Select the Best Bitcoin Sportsbook

Once you compare the odds of a particular sport event and find the best ones, sign up with the best online Bitcoin sportsbook, make a deposit and place a bet on the event.