Bitcoin Betting Sites
The world of online gaming has expanded in recent years to include Bitcoins – an online cryptocurrency that offers instant and anonymous transfer of online funds, excellent security and convenience that is hardly rivaled by any other service.
Many online betting establishments have started to include Bitcoins as a viable deposit and withdrawal options, while others have been created solely on the principle of using the cryptocurrency for online betting.
The rise of Bitcoin betting has been shifting in scope to include betting on popular sports and events, as well as simple yet unique Bitcoin games which reward players when placing a bet on the correct outcome.
We are here to examine the general traits of the Bitcoin betting sites as a whole and point out some of the major characteristics that new and veteran players alike will appreciate.
Best Bitcoin Betting Sites of 2014
| Rank | Site | Description | Rating | Bet Now |
|---|---|---|---|---|
| 1 |
|
Top Rated Sportsbook with Exclusive Bitcoin Raffles | Visit Now Review | |
| 2 |
|
Premium Bitcoin Sportsbook | Visit Now Review | |
| 3 |
|
Very Popular Bitcoin sportsbook brand | Visit Now Review |
Types of Bitcoin Betting Sites
The first distinction to make when discussing Bitcoin betting sites is whether the site is exclusively using Bitcoins or offers them amongst the regular payment options. Many well established online gambling operators have adopted Bitcoins as a payment model, while newer sites are only accepting bets made with Bitcoins.
The number of Bitcoin sportsbooks is growing on a yearly basis and continues to add more sport events to its rooster.
Some Bitcoin betting sites include live betting – players can place bets instantly using their Bitcoin wallet address while watching the game.
Qualities of a Versatile Bitcoin Betting Site
When looking for that perfect betting site that accepts bitcoins you might want to consider several things of importance:
- The quality of the betting odds and options – some betting sites offer better odds than others. It is also important to have more opportunities when browsing to place bets, i.e. more games / matches / events to choose from.
- Instantaneous payouts – a good Bitcoin betting site will instantly credit your winnings to your designated Bitcoin wallet.
- Anonymous betting – while some sites do require the creation of an account, most sites are anonymous. Simply provide a valid Bitcoin wallet address and you can start betting.
Types of Bets
Betting with Bitcoins is similar to betting at a regular online sportsbook – you use your Bitcoins to place a wager on a preferred outcome from the ones available for a certain sport / game. If successful, the site will award you with the appropriate sum of Bitcoins.
The most common type of bets you will find at a Bitcoin betting sportsbook are as follows:
- Straight bets
- Parlays
- Open Parlays
- Teasers
- Over / Under
- Reverse Bets
- Futures
- Propositions
Sports to Bet On
The amount of sports and matches available are the true mark of a good Bitcoin sportsbook. Most sites usually cover the general array of leagues and tournaments, though you will find that some offer a greater variety, with added local leagues in the mix.
You will have a chance to bet on:
- Soccer – UEFA Champions League, World Cup, national leagues such as Primera Division, Premier League and so on.
- Basketball – NBA, WNBA, EURO Basket, etc.
- Football – NFL, NCAA, etc.
- Baseball – MLB, NCAA, etc.
- Ice Hockey – NHL, KHL, NCAA, etc.
Bonuses and Promotions
Bonuses and promo-deals are not a new thing in online betting though they are scarcely adopted by the newer Bitcoin betting sites. This is mainly due to the limitations imposed by anonymity, i.e. not needing to create an account with the site in order to place a bet.
Some bonuses you will find include free bets, welcome bonus, reload bonus, refer-a-friend bonus, to name a few.
Deposits and Withdrawals
Payments for placing a bet at a Bitcoin betting site are instantaneous and only require a valid Bitcoin wallet address. Keep in mind that the same address will be used to issue any winnings so fill that particular field accordingly.
Conclusion
Bettors these days have more and more options for some quality betting thanks to Bitcoins and the growing popularity of betting sites that support this online cryptocurrency. Safe, reliable and teeming with potential, these sites offer more and more in terms of sports and games, whilst offering instantaneous payouts.