10 Best Bitcoin Sportsbooks & Crypto Sports Betting Sites 2023

The Best Sports Betting Sites Comparison

Bitcoin Sportsbook	Welcome Bonus	Number of Games	Restricted Countries	Accepted Cryptocurrencies
BetOnline	50% up to $1,000	38	The United Kingdom, Australia, France and a few more	Bitcoin, Litecoin, and Ethereum
Cloudbet	100% up to 5	35	UK, Northern Ireland, Italy, USA, Hong Kong, and Singapore	Ethereum, Bitcoin Cash, Dogecoin, Litecoin, Bitcoin, Dash, Chainlink, PAXG, PAX, USD Coin, and Tether
BetUS	125% up to $3,125	27	Ukraine, Netherlands, Philippines, Belgium, France, UK, Germany, Panama, Curacao, and Costa Rica.	Bitcoin, Bitcoin Cash, and Ethereum, Litecoin
Bovada	50% up to $500	32	Austria, France, Switzerland, Italy, Canada, Germany, Ireland, Australia, Spain, and UK	Bitcoin, Tether, Ethereum, Bitcoin SV, Litecoin, and Bitcoin Cash
Sportsbet.io	$50 free weekly bet	40	Netherlands, Estonia, US, UK, Germany, and Australia	Bitcoin, Cardano, Ethereum, Yearn Finance, Litecoin, EOS, Bitcoin Cash, Ripple, and Tether
Fortunejack	110% plus 250 free spins	30+	Netherlands, Estonia, US, UK, Germany, and Australia	Bitcoin, Litecoin, Bitcoin Cash, Ripple, and Ethereum
mBitcasino	75% up to 1BTC	20+	France, German, the UK, New Zealand, China, parts of the US and many more	Bitcoin, Dogecoin,Tether, Litecoin, Ethereum, and Bitcoin Cash
Lucky Block Casino and Sportsbook	15% cashback	30+	Zimbabwe, Yemen, USA, UK, Syria, Sudan, North Korea, Myanmar, Malta, Liberia, Libya, Iraq, Iran, Cuba, Bulgaria, and Afghanistan	Bitcoin, DOGE, Ethereum, Litecoin, Bitcoin Cash, Cardano, and Tether
Xbet	100% up to $500 + a $10 casino chip	26	Romania, Poland, the United Kingdom, Netherland, Indonesia, Turkey, Hungary, India, Spain, Gibraltar, France, Malta, Finland, Denmark, Belgium, South Korea, Australia, and Austria	Bitcoin, Bitcoin Cash, Ethereum, and Litecoin
Stake.us	15% lifetime Rakeback	18	Germany, France, New Zealand, China, parts of the US, and the ‘UK	Bitcoin, The Sandbox, Ethereum, Chainlink, Litecoin, Shiba Inu, Bitcoin Cash, DAI, Tether, ApeCoin Dogecoin, BUSD, Ripple, USD Coin, EOS, Tron, and BNB

How To Find The Best Crypto Betting Site?

Here are some factors you need to consider while choosing the best crypto-betting site;

Restricted Countries

You need to find out if the crypto-betting site can be accessed from your country of residence. For instance, every crypto sports betting site has a list of restricted countries under the FAQs section.

You can also understand the site’s legalities by contacting customer support service.

Reputation

You need to choose a trustworthy betting site. For instance, the customer service offered reflects the site’s reputation.

Therefore, the best crypto betting site should provide complete information about the bonus offered, the fee structure, and access to deposit funds 24/7.

Sports, Lines, Odds

Analyzing sporting matches, lines, and odds available to wager is another factor you should consider while choosing the best crypto sportsbook site.

For instance, the best platform should provide the right odds for the number of Bitcoin funds you are ready to spend.

Anonymity

Wagering with crypto is rather popular. Bitcoin betting sites are known for offering gambling anonymity and confidentiality.

However, you should choose a sportsbook platform that provides email address verification and password protection for protecting customer funds.

Payout and Withdraw Speeds & Terms

Bitcoin sports betting sites are known for faster withdrawals. However, the withdrawal times vary depending on the crypto option used.

Therefore, it is vital to understand the payout and withdrawal speed and terms before choosing the best sportsbook platform to play at.

VIP programs, Bonuses and Promotions

It is vital to understand the promotions and bonuses involved the betting site’s VIP program.

For instance, although most platforms offer welcome and reload bonuses, you should consider choosing a crypto betting site with a VIP program with myriad bonuses and promotions.

Countries Supporting Best Crypto Betting Sites

Generally, countries that have legalized cryptocurrency and gambling are the ones that support bitcoin betting sites.

Countries that support crypto gambling include;

• • The United States
  • UAE
  • China
  • India
  • Germany
  • Switzerland
  • Japan, etc.

Payments Methods

Not all crypto-gambling sites offer the same methods of making deposits and withdrawals.

Therefore, keep your options wide open by choosing a crypto-betting site that allows you to deposit and withdraw funds in several ways.

Customer Support

Most of the best crypto betting sites with sportsbooks provide 24/7 customer support via live chat, email, and phone.

It is also vital to consider a sportsbook whose customer support is responsive, professional, and friendly.

Recent Growth in Crypto Sports Betting

Over the last few years, crypto gambling has shown enormous growth because of convenience and ease.

For instance, low transaction fees, faster payouts, and special bonuses and promotions have transformed the sports gambling platforms with the crypto landscape.

Crypto Betting Site trustworthiness

It is vital to choose a crypto betting site known for its trustworthiness and legitimacy.

Therefore, to save you time searching for a trustworthy crypto-betting site, take a look at the sites reviewed in this article. This will help you ensure you are only betting at a safe crypto sports gambling site.

The initial signing-up package (bonuses after registration)

Most crypto betting sites provide welcome bonuses. However, some of the betting sites have restrictive terms and unfriendly wagering requirements.

Therefore, the best crypto betting site should not only offer you a great welcome bonus but also must have friendly wagering terms.

Promotions quantity

Generally, promotions offered by standard crypto betting sites are of poor quality, For instance, most crypto betting sites focus on bonuses as they know most gamblers will not meet the terms and conditions.

Therefore, going for the best crypto betting site that offers high quantities of promotions will add a lot to your balance and make gambling fun.

Sports offering

Just like with a traditional gambling site, you should choose a crypto betting site thatprovides the best;

• Pick of sports
• Value
• Collection of lines

Pros &Cons of Using a Crypto Betting Site

Pros:

Here are some of the key benefits of using a crypto-betting site;

Fast Withdrawals

Your winnings at the best crypto betting sites are paid out quickly within minutes. This is unlike traditional sportsbooks that often take hours or even days to complete a withdrawal.

Decentralized Payments

The crypto’s decentralized nature is a great thing for gamblers. For instance, blockchain makes it impossible for your bitcoins to be “lost” during the banking process.

If you make a crypto deposit or withdrawal, it is guaranteed you make it to your betting account or crypto wallet.

Anonymous Deposits

Not every gambler wants to share their identifying personal information or their name. With Bitcoin deposits, you do not have to.

For instance, you only need to provide your crypto wallet ID and email address when making deposits.

Bigger Bonuses

The best Bitcoin betting sites provide huge and frequent welcome and reload bonuses and promotions than traditional gambling sites.

That is a good thing for gamblers, who want to use those bonuses to win big.

Cons:

Anonymous gambling

Although the anonymity provided by crypto can be beneficial, it can also be harmful in match-fixing.

For instance, it is almost hard to track down corrupt Bitcoin gamblers during a match-fixing instance [2].

Restricted countries

Notwithstanding crypt betting sites’ ease of use and popularity, some countries impose restrictions on the use of Bitcoins.

For instance, not all countries allow gamblers to conclude financial deals via Bitcoin. Therefore, using crypto to fund sports betting sites is illegal.

How to Create a Crypto Sports Betting Account

Creating a crypto sports betting account is simple and straightforward. Here is how you can create one (we have used BetOnline.ag as an example);

1. Create a BetOnline gambling account

• Click this link and tap the Join button.
• Enter legit personal information, including full name, email, phone number, and date of birth, and create a strong password.
• Tap the “Create Account” button and finish the sign-up process.

2. Email verification

• Log into the email address you used to create your BetOnline account
• Open BetOnline’s welcome message.
• Click on the link in your email to verify your account. This should automatically redirect you to BetOnline.ag.

3. Fund your account

• Navigate to the deposit section of your BetOnline account.
• Choose your ideal crypto banking method.
• Enter the amount you wish to deposit
• Claim your crypto welcome deposit bonus and start gambling.

How to Bet On Cryptocurrency Sports Betting Sites?

1. Choose a Crypto Betting Site from our list and register

The first thing you need to do is to find a betting site that accepts crypto and bitcoin betting with open arms. You may want to pick one of the best sites reviewed in this article – we have picked Bet Online.

You can then register by inputting your information such as phone number, email, and a suitable password.

2. Buy digital currency (your choice)

You must now choose an ideal payment method (Bitcoin) you will use to bet. You can do this in the account settings, where you will link your crypto (Bitcoin) wallet with your Bet Online account.

3. Get your BTC ready

Purchase some bitcoins that you will use to bet. You can either use the;

• Non-custodial wallet
• Hosted wallet

4. Find your deposit address

The same email address that you used to create your crypto betting account should be used to make deposits.

5. It’s time to deposit and Bet

Go to Bet Online account settings and click “Deposit.” You can then choose cryptocurrency as the method of making deposits and then select BTC as the currency.

Head to the Bet Online sportsbook lobby and select a match to bet on. Click on the odds you wish to bet on and enter the wager amount in the bet slip.

You can then sit back and wait for the fate of your bet.

Best Types of Sports Bets

The win market

The most common crypto sports bet is backing a player or team to win. For instance, you pick which player/team you think will win the game.

Although it is a simple betting market to understand, there are some minor differences depending on the sport you are betting on as illustrated below;

1. Soccer

The soccer’s win market allows you to bet on;

• Home team win

• Away team win

• Draw

Besides, soccer supports the below variation on the Moneyline;

• Double Chance: You combine two possible outcomes in your bet. You will win if any of the two outcomes happen in the game

• Draw no Bet: You win if your selection wins. However, if the game ends in a draw, you will get your crypto back.

2. Basketball/ American Football/ Baseball

In most North American sports, matches that end level are decided over overtime. The three perfect examples are;

• Basketball

• American football

• Baseball

So, the win betting market in these sports does not include a ‘draw.” although American football matches can finish in a draw after overtime.

Therefore, you win if the selected team wins the match in overtime. However, you must ensure that the crypto betting site features overtime in your initial Moneyline bet

3. Tennis

Tennis is one of the many games that a binary lose or win option as there is no possibility of a draw.

The game will not end until one player wins the obligatory number of sets.

Overall winner

Different sports feature large tournaments that involve dozens of games. Therefore, this betting market allows you select the team/player that you think will the tournament.

The Overall winner market usually has larger odds options, which allows you to win plenty of crypto.

Over or under

This betting market revolves around the overall number of scores in a game.

For instance, you need to bet on whether the total number of score will be more or less than the “line” set by the BTC sports betting site.

For example, crypto betting sites might put the line of Manchester United vs Liverpool at Under/Over 2.5 goals.

If you think the score will be at least three goals, then you can wager on Over 2.5 goals. On the other hand, you can wager on Under 2.5 if you think there will be two or fewer goals.

The good thing with this betting market is that it does not matter which player/team wins. You are only concerned with the level of scoring.

The next scorer

This is an ideal betting market for beginners as it is easy to understand. The idea is to wager on the next team or player to score next.

Example, you can bet Manchester United to score the next goal against Liverpool. You will win the bet only if the next goal is scored by Manchester United.

However, some sports are often low-scoring, therefore prepare to wait for a long time to learn the fate of your bet.

But if you want to place many “quickly settled” next scorer bets, look for sports like basketball and tennis.

Handicaps

Gambling platforms give a weaker team a virtual advantage, and the gambler needs to determine whether the favorite team is strong enough to win by the set deficit.

Let us take an example the Chicago Bulls are strong favorites to defeat Milwauke Bucks and have a -20.5 handicap.

This means that for you to win this bet, Chicago Bulls have to win by at least 21 points.

Asian Handicap

Let us use an English Premier League game between Manchester United and Liverpool to explain Asian Handicap;

• Manchester United (0): You win if Manchester United wins the game, get your crypto back if they draw, and lose if they lose.

• Manchester United (-0.25): You win if Manchester United wins, get half your crypto back if they draw, and lose if they lose.

• Manchester United (-0.5): You win if Manchester united wins the game. However, you will lose your stake if Manchester United draws or loses.

• Manchester United (-0.75): You win the bet if Manchester United win by two clear goals. A loss or draw results in a lost bet. You get a “half win” if Manchester United win by one goal.

• Manchester United (-1): You win if Manchester United win by 2+ goals, get your crypto back if they win by a goal, and lose if United lose or draw.

Half/quarter/period markets

Most sports do not have a continous play, meaning gamblers can benefit from extra betting markets.

For instance, you patiently wait until halftime to see how a game between Manchester United and Liverpool develops. You can then bet on the team winning at this stage to win full time if the odds are right.

Player performance

Regardless of the team sport, crypto sports betting sites gives you an opportunity to bet on a variety of player props.

For instance, if you believe a certain player has a brilliant performance against a particle opposition or is in great form, you can use that idea to win crypto.

This betting market involves choosing player goals, baskets, points, depending on the sport.

Team performance

It can be worth focusing on the performance of a certain team in potential mismatches.

This betting market allows you to win a bet regardless of the outcome. For instance, you can win crypto if a team perform relatively well but still lose the match.

Final score

Depending on the bitcoin sporting betting site, you can use the correct score market to win crypto. For instance, to win a bet, you must predict the exact final scoreline in a match.

You can easily use this betting market in tennis because of lack of scoreline combinations. For instance, in a game of best of three sets, the only final scorelines are 2-0, 2-1, 0-2, or 1-2.

However, it can be difficult to predict the final score in soccer because of the immense number of potential number.

Betting in-running

If you are wary of placing before a match, waiting for it to begin can assist in revealing if your pre-match hunch was accurate.

If you are an expert in a certain sport, you can easily predict the outcome once the game has started.

Specifit betting markets are almost guaranteed to offer better value odds as the game continues.

Ante-post Betting

Ante-post wagering [3] typically relates to any betting market where the game issue to start for at least another day.

Most crypto betting sites have odds on matches that will not begin for months. And gamblers in this type of wagering aim to get higher odds on a certain outcome in the thought that the price drop before the match start.

The downside of this betting market is that if your selection player does not compete, you will not get your money back. For example, Imagine you bet on Rafael Nadal to win French Open again, then suddenly he fails to participate in the tournament because of an injury.

Moneyline: Picking Winner

Moneyline entails picking a prospective winner of an event or match. It applies to sports like cricket, hockey, baseball, etc.

Although Moneyline has its benefits, it has a certain level of risk involved. The amount you need to wager can oten be higher than the winning, especially if the underdogs win the match.

Totals over/under

This is another common type of sports bet where gamblers wager on the combined total score of the teams involved in a match.

Typically, bookmakers set the line of a total score, which can be a number of goals or points scored, depending on the type of sport.

You can then wager on the game’s outcome in terms of whether the total goals is lower (under) or higher (over) than the set line.

Point Spread: Margin of Victory or Loss

In this betting market, gamblers wager on the player who is likely to ‘cover the spread.’ The favorite player is deducted points while the underdog is ‘given’ points.

For instance, when you back the favorite player mentioned in the spread, you need to wager by a margin greater than the spread size.

On the other hand, when you back an underdog, you wager loss or win, which is normally less than the spread size.

Futures Bets: Long-Term Wagers

Future bets are also known as outright bets or ante-post crypto wagers.

Here, you wager on the winner of a match, league, tournament, etc., way before it starts. This type of bet applies to a variety of sporting games including but not limited to football, tennis, soccer, gold, basketball, etc.

Prop Betting: Hitting Milestones

Pro betting are wagers placed on a particular prop or aspect of a match, which, in turn, will affect the outcome of the match.

Wagering on a player scoring the highest or the team that will score first constitutes prop bets.

However, unlike other types of betting markets, prop betting does not involve luck because it is based on analysis and strategies.

Parlay Betting: Combining Bets

Parlay betting is also known as accumulators or multipliers and involve combining the crypto bets.

For instance, the gambler is allowed to choose more than one team in a tournament.

The returns on this type of betting market are quite high. However, you will lose the entire wager even if one team in your selection loses.

Crypto Betting Sports Leagues

Some of the common crypto betting sports include but not limited to soccer, eSport, hockey, cricket, etc.

Although the options are many, the trick lies in choosing the best type of wagering option.

Crypto Football Betting

Wagering of the crypto football betting outcome is similar to traditional crypto betting sites.

For instance, the gambler guesses the team that will most likely win the match. The different types of betting markets like Parlay, Moneyline, etc. are typically applicable for wagering.

NHL Crypto Betting

Most crypto betting sites allow gamblers to wager on hockey. NHL crypto betting makes it easier, safe, and legal to wager on the outcome of hockey matches.

The point spread is the most popular type of wager that applies to NHL crypto betting. The requirements and rules are similar to other sporting event entailing digital money.

UFC Crypto Betting

Ultimate Fighting Championship (UFC) is a tournament involving the MMA (Mixed Martial Art) sport.

Since MMA is a common sport for online sport gambling options, most sportsbooks allow wagering on the outcome of UFC bitcoin betting. And, wagering on MMA is the same as any other crypto UFC betting sport.

Besides, some bitcoin gambling sites allow bettors to wager on eSports fighting championships if they have a betting account.

NBA Crypto Betting

Basketball is another common sport that the game’s enthusiasts wager on.

For instance, the growth of online sportsbooks has allowed NBA crypto betting, which makes it convenient and simple for basketball enthusiasts to support and wager on their favourite teams.

NFL Crypto Betting

NFL is a football premier league with a huge fanbase globally, making it a common event for crypto wagers.

Therefore, when picking the best crypto betting site, it is vital to find out whether it supports NFL crypto betting. Some sportsbooks also let gamblers play using both digital and fiat money.

MLB Crypto Betting

The rise of digital currencies has incorporated a variety of sporting tournaments and matches including MLB crypto betting.

So, various sports wagering options can be used as a factor for selecting the best online crypto sportsbooks.

Crypto Cricket Betting

Cricket is an extremely popular sport in Europe, Asia, and Africa. Therefore, there is a high number of gamblers willing to wager on crypto cricket betting sites.

For instance, most crypto betting sites have dedicated sportsbooks that offer crypto cricket betting in addition to table games and online casino dealer games.

Crypto Sports Betting Dapps

dApps, also known as Decentralized applications, are enabled by blockchain technology and work on a decentralized P2P blockchain network.

These dApps are based on a betting site or mobile app and have emerged as a perfect alternative to traditional online casinos.

Being decentralized, they are capable of controlling all activities and data via the support of distributed blockchain networks. For instance, instead of functioning on centralized servers, DApps run on blockchain systems.

Crypto Betting Bonus

The best crypto sports betting sites gives players access to regular welcome bonuses, deposit match bonuses, free spins, and no-deposit bonuses.

Here is a breakdown of the welcome bonuses available from each of our 10 best crypto sports betting sites;

Bitcoin Sportsbook	Welcome Bonus	Promo Code	Wagering Conditions
BetOnline	50% up to $1,000	CRYPTO100	14X
Cloudbet	100% up to 5	No code	40X
BetUS	125% up to $3,125	JOIN200	15X
Bovada	50% up to $500	BTCSWB750	5X
Sportsbet.io	$50 free weekly bet	No code	None
Fortunejack	110% plus 250 free spins	NEWBONUS	40X
mBitcasino	75% up to 1BTC	No code	35X
Lucky Block Casino and Sportsbook	15% cashback	No code	None
Xbet	100% up to $500 + a $10 casino chip	BTCSWB750	7X
Stake.us	15% lifetime Rakeback	No code	40X

Top Crypto Betting Apps

Most best Bitcoin betting sites provide mobile apps that allow gamblers to place bets on Android and iOS devices.

These mobile crypto-betting apps provide live streaming for major sporting events. It also makes it easy to set up a wager.

Gamblers can also make crypto deposits and withdrawals via a sports betting app just like you will do with traditional online sites.

When comparing Bitcoin betting apps, ease of use is vital.

Some crypto betting sites simply provide a mobile version of their website. And dedicated crypto betting apps are designed for taps instead of clicks. It also makes it easy to edit bet slips on your mobile screen.

Bitcoin sports betting vs. traditional sports betting

Bitcoin sports betting has overtaken traditional online betting due to straightforward betting rules, huge welcome and reload bonuses, and provably fair games.

This makes Bitcoin sports betting enjoyable and fun for even gambling beginners.

Everything You Need to Know About Sports Betting Odds

Winning in the long term while betting on crypto sites is effectively impossible without understanding how wagering odds work.

It does not matter how much sports market research you perform, your betting success will evade you if you pick the wrong odds.

When placing bets, you need to understand that Bitcoin gambling sites have an edge in each betting market ranging from 3% to 30%.

Therefore, your ultimate goal should be to uncover ‘mistakes’ in the sports odd occasionally made by gambling bookmakers.

What Is Crypto Sports Betting?

Sports gambling is a popular form of betting. However, the introduction of cryptocurrency has widened the scope of the sports gambling industry.

Therefore, Crypto sports betting involves gambling on sports with bitcoins or other cryptocurrencies stored in crypto wallets.

Several gambling companies have started accepting Bitcoin as a method of making deposits. This allows gamblers to place bets on various sporting events listed in different online sportsbooks.

Is the Crypto Betting Site end-to-end Crypto?

A crypto betting site can be;

• A standard crypto betting site

• Crypto-only betting site (end-to-end cryptocurrency)

The difference lies in the website operations and banking methods supported. And gamblers may pick a site according to their specific requirements and preferences.

What are end-to-end Bitcoin Betting Sites?

End-to-end Bitcoin betting sites allow players to deposit or withdraw using multiple different digital assets.

They also allow gamblers to bet directly with crypto and they have the following advantages;

• Anonymous gambling

• The ability to make deposits and withdrawals of large amounts

• Super-fast withdrawals and payouts

However, not all end-to-end bitcoin betting sites offer all the mentioned advantages. For instance, only the best end-to-end crypto betting sites care enough about their gamblers to offer these benefits.

Best Bitcoin Wallet for Crypto Betting

Gamblers require a Bitcoin wallet for accepting payments or tostore their crypto before depositing to a sportsbook.

Although there are many top crypto wallets, the eToro Money app is the best option for sports gamblers.

For instance, eToro allowsyou have access to your crypto on your smartphone at all times. The app is highly secure, so you can rest assured that your crypto is stored safely from hackers. Besides, it makes it easy to receive and send payments from and to a sportsbook.

Another good thing with eToro is that it is entirely free to use since it neither has upfront costs nor ongoing account fees.

What is Value Betting?

Value betting aims at uncovering a bookmaker error in the gambling market.

For instance, when researching any event, your objective is to find enough information to ascertain how likely the outcome will be.

At the end of your research., you are rewarded with a “betting tissue (a method of creating your own odds). This assists you in better understanding the bookmaker’s odds.

American odds

Sports gambling sites that accept crypto that cater for players in the US will often use American odds. These odds have a minus or plus sign before a number.

The sign helps you to determine whether the possible profit in crypto is smaller or bigger than the size.

For instance, a (+) sign means your possible profit will be higher than the initial wager. While a (-) sign means your possible profit will be lower than your bet if you win.

Here are examples;

• +130: wagering $200 and winning at these odds means a total return of $330
• +250: If you wager at these odds, a win will yield a total profit of $250
• -110: If you wager at this price, your total profit will be $90.91 if you win
• -150: wagering $100 at these odds and winning means a total return of $166.67

Decimal odds

These are popular in Europe. To calculate the possible winnings, you need to multiply the decimal odds by the size of your crypto.

For example, if you want to bet $100 on France to beat England at odds of 2.3, you multiply 100 x 2.3, which is 230. A France victory means you enjoy a $130 profit since 230 – 100 = 130.

Fractional odds

These are generally used in Ireland and the United Kingdom, and they include a slash between two whole numbers.

The number on the left is the profit you will receive if you wager the money staked on the right.

For example, if you back Tampa Bay Buccaneers to defeat the Tennessee Titans at odd 13/5, your profit will be $13 for every $5 bet should Tampa Bay win.

Conclusion

The best crypto sports betting sites make it fun and easy for international bettors to play their favourite sports gambling games.

Based on our research, we found out that BetOnline offers the best combination of bonuses, games, and user experience for gamblers.

However, if you want to learn more about Bitcoin Sportsbooks and Crypto Sports betting, let us know via the comments section below.

FAQ

What’s the Popular Cryptocurrency for Betting?

Bitcoin is considered to be the most popular cryptocurrency used in sports betting. This decentralized digital currency has a price per coin of over $39,000 and a market capitalization of over $1.8 trillion.

However, Bitcoin faces stiff competition from other cryptocurrencies like;

• Ethereum
• Litecoin
• Tether, among others

Is it safe to place sports bets with crypto?

Placing a crypto bet is relatively safer than bets involving a traditional currency. This is because all types of crypto coins are backed by blockchain.

Although the crypto tokens necessitate user anonymity, the transaction of digital currency is always accounted for.

What is the most profitable sport to bet on?

Most successful bettors consider basketball and football to be the most profitable as they are quite predictable.

However, rather than the sport, the type of wager matters in determining the profit, you will earn.

Is betting DApp available?

Yes. Some popular crypto betting sites give players access to sportsbooks betting dApps.

Is Cryptocurrency Betting Legal?

Crypto gambling lies in a legal grey area in the US. For instance, in most US states crypto betting is not explicitly illegal, but it is not explicitly legal, either.

The majority of US states prohibit online sports gambling. However, these prohibitions only apply to sportsbooks and not individual gamblers.

Therefore, gamblers playing with sportsbooks located outside the US (states that do not have laws that prohibit placing online bets) will not be breaking the law.

Therefore, for the vast majority of gamblers in the United States, it is legal to bet cryptocurrency on sports.

Reference

[1] Wikipedia contributors. (2004, December 26). Sports betting. Wikipedia. https://en.wikipedia.org/wiki/Sports_betting [2] Wikipedia contributors. (2022c, December 23). Match fixing. Wikipedia. https://en.wikipedia.org/wiki/Match_fixing [3] Wikipedia contributors. (2022b, September 28). Ante-post betting. Wikipedia. https://en.wikipedia.org/wiki/Ante-post_betting