Bitcoin Sportsbook Reviews

The use of Bitcoins as an alternative payment system has become increasingly popular as more and more companies find an online presence. Bitcoin itself was developed as a kind of “virtual” currency, or cryptocurrency, which could be used to make transactions, and is completely decentralized.

1. Best Bitcoin Sportsbook
2. Bitcoin Sportsbook
3. Bitcoin Sportsbook Usa

As a result, the supply of bitcoins has no ‘single repository or administrator’ and the production of new bitcoins is regulated by an algorithm – the advantage is two-fold: on one hand it is not subject to the sort of inflation and deflation that occurs with other fiat currencies, and secondly it is not subject to government seizure.

And now – whatever your favorite sport is – you can bet on it with bitcoin – worldwide. Badminton, Baseball, Basketball, Boxing, Cricket, X-Country, Darts, E-Sports, Football, Golf, Handball, Hockey, Horse Racing, Ice Hokey, MMA, Motosport, Olympics, Rugby, Skiing, Snooker, Table Tennis, Volleyball, Wintersports, Wrestling or thousands of other sport events.

The table below displays the best Bitcoin sportsbooks in order of their average rating. To understand more about how the average rating works then head over to our Sportsbook Ratings page or read our matching sportsbook review if available. All of the sportsbooks listed in the table accept Bitcoin as a deposit and withdraw method. Nitrogen Sports is considered one of the best and most trusted bitcoin sportsbooks. It offers a top bitcoin casino and great bitcoin poker experience. This Costa Rica-based company started out in 2012. But how did they get to the top?

What To Look For In A Sportsbook Site

As a currency that is based entirely online, it has become a preferred reward system for many sportsbooks. These sportsbooks act essentially as interactive forums where individuals can lay bets on the outcome of different sports, ranging from anything to golf and wrestling to league-oriented professions like soccer and football. With increased competition, and a growing familiarity and popularity with online gambling, it’s no wonder that it has fostered numerous bitcoin betting sites and bitcoin casinos like the top 10 gambling sites , each of them trying to draw in customers.

Of course you can bet on all your favorite sports events with bitcoin:

• NCAA March Madness
• NFL Football
• NBA basketball
• MLB baseball
• English Premier League
• Spanish La Liga
• French Ligue 1
• German Bundesliga,
• UEFA Champions League
• UEFA Europa League
• Italian Serie A
• Indian Premier League cricket
• Pakistani cricket
• Australian cricket
• Twenty20 cricket

Why use Bitcoin for Sports Betting?

There are a number of reasons that some of the top online sportsbooks have begun – often exclusively – to use Bitcoins as their preferred currency system. For one, because it is all ‘virtual’, the majority of major banks don’t recognize Bitcoins as legal tender. As a result, using Bitcoins allows users and providers to avoid legalities concerning gambling laws – in certain countries or states where betting and gambling is illegal, Bitcoin is not subject to the same circumscriptions. The same all other types of gambling and betting with bitcoin or other crypto currencies, like the ones tested at sites like Luckycoiner.

The virtue of being completely online also opens up two other benefits: one, the efficiency of making transactions is streamlined and almost instantaneous. This bodes well for sportsbooks since often times their method of wagering can be time-based. Because of its peer-to-peer system, it also means that there are no fees such as those attached to credit cards, and the fees that are present are paid by the purchaser rather than the vendor.

How to start with Bitcoin?

In order to get started with Bitcoin you’ll first need to get an E-wallet to ‘store’ your Bitcoins.

Generally this is equivalent to a digital wallet. To actually acquire currency, one can either receive Bitcoins in the form of payment for goods or services from other users, barter for new Bitcoins from friends, or buy them outright from certain bitcoin exchanges ( more here ) using your own bank account.

Afterwards, it’s as easy as transferring a set amount from your E-wallet to your profile or account with an online sportsbook of your choice.

Tips For Selecting A Sportsbook That’s Right For You

Because of the influx of online sportsbooks, it can often be difficult to know which ones are reputable and which ones aren’t. In general, some of the top Bitcoin Sportsbooks have managed to attract a loyal and growing number of patrons by carving out a niche for themselves and offering better odds, variety of betting options, and usability than their opponents.

Some more popular ones include Nitrogen Sports and Cloudbet, both which have a vast number of different sports available for newcomers to gambling and tested veterans alike. But when it comes to gambling – whether on future games or live – variety is just one of several things to take into account before signing up with a sportsbook.

The grade of a given sportsbook is contingent on a number of factors, with sites like CloudBet, Sportsbook.io, and Betcoin Sports receiving the highest accolades by the Sports Book Reviews.

So what makes a good sportsbook?

What are the odds?

To begin with, it’s always prudent to prowl around and check the odds. These are basically the chances you have of winning a given wager, and it can often be a bit confusing to those who are new to betting since the odds can differ wildly according to what game you’re playing, how much time is remaining to make a wager, and what kinds of wagers are available.

For example, some football pools use Asian handicaps that have five different wagers:

Win, Lose, Tie, Half-Lose, and Half-Win. Knowing which odds are the best, compared to other sites, and knowing how to use the wagers to your advantage go hand in hand. As with all betting, there is also the matter of minimum and maximum wagers, and regardless of your proficiency with online betting this should play a role in your decision.

Minimum and maximum wagers?

As a general rule, it’s a good idea to avoid minimum wagers of more than 0.001 Bitcoins unless you have some prior experience, and this is more or less the standard across the board. In terms of maximum payouts however, it can vary anywhere from being unlimited to $50,000, all the way down to $5000 a week.

Knowing your own skill level, and having some idea of your overall ratio of success will enter into your decision about which sportsbook you most closely identify with.

Welcome Bonuses for Bitcoin Betting

Another consideration is bonuses. A number of sites – most notably Cloudbet – will even offer welcome bonuses for users signing up for the first time. For example, a site may offer a full bonus up to 0.5 Bitcoins, so if you deposit any amount within that range they will match it. Some sites also offer free bets, where you can make a wager without having to put down any currency.

There are also bonuses related to whether or not you refer friends who also sign up, and bonuses that reduce the juice – this is a term that refers to the amount a given sportsbook will charge you when you make a bet on something – thereby giving you a slight edge.

Fishing around sportsbooks to see what sorts of bonuses are available, and how they translate into earnings for you, is a good way to weed out which sites have a proven track record and which are scams.

Security And Reliability

Obviously another important factor is security. Because of the volatility of Bitcoin as a currency, and the fact that it has no drawback or refund policy, this means that many shady organizations have taken advantage of the inherent ‘honesty policy’. In order to counter this, the better online sportsbooks have nearly all taken measures against fraudulent activity (even in the case of some introducing a DDoS shield to protect against cyber-attacks).

Cold Storage

Some sites even have a ‘cold storage’ where deposits are stored offline and secured with keys to prevent them from being manipulated or stolen. A two-step authentication process is in place for most sportsbooks as well, which involves a username and a passcode in conjunction with SSL encryption. Checking out the FAQ’s of different sites to see what sort of security is offered will give you a better idea of how safe your Bitcoins are.

Anonymous or fully registered?

When you’ve found a sportsbook you think you’d like to be a part of, the next step is registering. In some cases – such as with Nitrogen Sports – merely visiting their site will open an anonymous account, while other sites may require a username and valid e-mail. Still those data can be fake, as long as you have access to the email address you use for the signup. This is pretty much the same as at trading sites that don’t claim user ID’s, which is only possible when people want to transfer cryptos only to and from the platform and no fiat money.

Generally the sites that have been around the longest tend to be the ones that are the most trusted, and you can always do a little digging to see when a sportsbook came online which can give you a pretty good idea of how trustworthy they are. However, avoid any site that asks for personal or bank/credit card information, especially if it’s being advertised as a Bitcoin sportsbook!

The Pros and Cons of Bitcoin Sports betting

The Pro´s:

The pros of using a Bitcoin Sportsbook have already been alluded to, and include the ability to make lightning fast transactions in real-time using up-to-date metrics on live sports. Because Bitcoin is all online, you don’t have to wait for payments to go through, as would be the case for other institutions (especially if you were working across one or more currency exchanges/countries).

There is also the anonymity granted by using an E-wallet, and the limited amount of personal information needed to sign up for these sportsbooks, which can give some peace of mind.

The Con’s:

The cons, however, are related to the same thing: Bitcoin can be a risky and volatile venture, and for individuals new to using it there are a number of pitfalls. Gambling is something you have to be an expert in, in order to win more often than lose, similar to trading. Each is something you can learn more or less. Even if gambling or online betting isn’t strictly illegal in your country or state, it is illegal in the United States to run and operate an online sportsbook.

Therefore, the majority lie outside the US – caution should be exercised when registering with a site whose URL is a “.com”, as these are more likely to be scams. There is also, of course, the unpredictability of gambling itself. While there is a degree of skill in the betting pools, especially with league sports, a greater portion of the outcome is based on luck, and every player needs to be cautious and aware of this.

Bitcoin Sportbook Conclusion

Gambling on sports can be a fun – and sometimes easy – way to make money and interact with other players who are just as enthusiastic. The rise of virtual currency in the form of Bitcoins represents a revolutionary way to bet online, by putting a huge selection of your favorite sports at your fingertips and challenging you to guess and deduce the outcomes of games in a safe and secure environment.

While there always risks associated with betting, part of its charm lies at the crossroads where skill and luck meet – ultimately it comes down to being informed, understanding the rules and process of each sportsbook, and being cognizant of the stakes: what you’re willing to lay down, whether you can afford to, and what your chances are.

For sports betting fans around the world, finding a reliable online sportsbook can either be very easy or very costly or sometimes both! Making the wrong decision on which online sportsbook to invest your money with can not only cost you a ton of money, it can cause you major headaches! I think we can all agree that winning large bets and never getting paid, is neither fun or exciting!

This is why we have made this article to explain to you what to look for, online sportsbooks that we feel are reliable and those that have their issues.

Sportsbook Review List

Choose the Right Online Sportsbook

Before you sign up for an online sportsbook, you need to ask yourself a few simple questions. What will you be wagering on and does the sportsbook I am considering, have this type of wager. If you are a football player in the fall/winter and enjoy playing the prop plays, find out if your online sportsbook has that type of wagers.

Don’t just assume that the sportsbook will have those types of wagers because the reality is that not all sportsbooks hold that type of wager. Therefore you want to make certain that you do your due diligence and find those sportsbook that take the type of wagers that fit your betting style.

How Long Has the Online Sportsbook Been in Business?

One of the first questions you should want answered when picking an online sportsbook is “How long has the online sportsbook been in business”? Mostly all online sportsbooks will list their information in the ‘About’ section of their website. Some will say it in the ‘About’ section and other websites will say it on the front page footer of the website.

Now, one thing to watch for is online sportsbooks that stretch the truth. Many online sportsbooks will want to embellish the date to make it appear that they have been around longer than they truly have. Some terms to look for are, “We’ve been in the business”, “Our staff has been in the business since” and “we have over 20 years of experience in the business”.

When companies say these type of statements, that doesn’t mean that the actual company has been in business, it simply means that some people that work for that company have been in the business for that amount of time. Use caution with those types of companies and don’t get suckered into believing they are more experienced than they truly are.

What Is Their Reputation in the Online Sportsbook Industry?

All though you shouldn’t rest your head on this, finding out an online sportsbooks reputation in the industry is fairly important. The old saying, “Where there’s smoke, there’s usually fire” is true somewhat in online sports betting. If you do a easy Google search on a company and see complaint after complaint and a majority of the complaints are on the same topic, you should walk the other way…scratch that, you should run the other way!

If you are seeing article after article and they all say the same thing, then chances are the company has issues and should not be trusted. There are a ton of options out there, why risk it with a company that has constant complaints?

Does Your Online Sportsbook Have a Mobile Platform?

This was not as important in year’s past but nowadays, we all like to wager on our mobile devices. Therefore, you want to make certain that your online sportsbook has a mobile platform that will allow you to wager anywhere, at anytime!

Does Your Online Sportsbook Have a Live Betting Option?

Once again, this is something that is rather new as Live betting hasn’t been around very long but it is a great option to have in your betting toolbox. If your online sportsbook doesn’t have a Live Betting option, chances are they are behind the times and I would suggest you avoid them.

Are You Able to Contact Customer Service?

Any reliable company will have the ability to contact Customer Service. It doesn’t matter if it is a simple email or a telephone number, you want to look for companies that make their Customer Service available 24 hours a day, 7 days a week so that when those difficult issues arise, you can get on the phone or a chat window or email and have someone readily respond to your concerns.

What Deposit Options Are Available?

When you are looking for an online sportsbook to sign up with, one of the most important items to consider is how you will make a deposit? You want to make sure you check to make sure that you are able to make a deposit.

First off, if you do not already have Bitcoin, you should seriously consider starting to purchase Bitcoin. Bitcoin is truly the future of sports wagering as it is a digital currency that is accepted around the world and many of the online sportsbooks. Bitcoin affords you the opportunity to make deposits, as well as get paid from, various online sportsbooks in a complete anonymous manner that is safe, secure and discreet.

Best Bitcoin Sportsbook

Now, if you choose that you don’t want to use Bitcoin, and want to use a major credit card, there are a few things to consider. First, many local banks will not allow international charges as a safety measure on your bank account. That means you will not be able to use those debit card Visa and Mastercards.

That does not mean you can’t use a credit card, it simply means you need to double check with the bank to determine if they will allow international and charges that are not native to the United States. If you find that you can’t use any of your credit cards, one other option that you can use is by purchasing a prepaid credit card at your local grocery store like Walmart, Target, etc. Using a prepaid credit card will be a little more expensive and is truly not recommended but it is a last ditch option if all else fails. Please keep in mind that if you do choose this route, you will need to keep that credit card because if you win, most online sportsbooks will prefer to refund the initial amount onto the original credit card that was used.

There are also other options that should be available to you such as person-to-person money transfers, checks, and money order deposits.

Do You Get a Bonus for Signing Up?

No matter if you’ve been in the sports betting industry for a month, a year or 10 years, we all like getting free money so when you are signing up for a new online sportsbook, you should definitely look for the best options available for bonuses.

Bitcoin Sportsbook

A majority of online sportsbooks will offer you some sort of bonus structure as they are trying to earn your business! They all know that they are in a tough, competitive market that relies heavily on giving out bonus money to build their clientele. Don’t leave that extra money on the table. Look around and find what is best for your pocket and get your best bonus.

How Long Does It Take to Get a Withdraw?

One of the best feelings in the world is cashing that big play and double or tripling your money. But with that being said, one of the worst feelings in the world is finding out that it can take you 3 weeks to get your money that you have just won!

Bitcoin Sportsbook Usa

Before you join with any online sportsbook, find out exactly how long it will take to get your money! If you have to wait several weeks to get your money, look elsewhere. It shouldn’t take you a month of Sunday’s to get you winnings.