How to Bet on Sports with Bitcoin Online
Using Bitcoin to bet on sports is no different than using other methods. Betting on games is popular because it gives you a stake in who wins a sporting event. This makes following a sporting event more exciting and gives you a chance to win little extra cash. When betting on sports, the primary goal is to beat the Odds Maker. A bet placed on sportsbook is called a wager, and there are some different kinds of wagers to choose from.
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Bitcoin bookmaker reviews play an important role in the development of the betting industry. First of all, they allow you to decide which to choose for your play. Secondly, the availability of reviews makes the service of sites to become better. In a highly competitive environment, it is an unforgivable mistake to ignore users’ opinions. Reputation is earned over the years, so market leaders need to maintain it at a high level.
This page was made to solve two problems: to facilitate the selection of the best betting sites for Bitcoin, as well as to indicate obvious shortcomings and increase the quality of services provided.
Reliable Bitcoin Betting Sites
Studying reviews of bookmakers makes it possible to make sure that the site plays by the rules: reliably pays the winners, honestly calculates the results and is friendly to its visitors.
No one wants to do business with unscrupulous companies, and sites for Bitcoin bets are no exception. Therefore, before you make your deposit, you need to learn many aspects: bonuses, betting guidelines, transaction speed and much more. It is necessary to do it just before depositing the account, so that no unpleasant surprises arise.
The Main Thing For A Bookie – Attitude To Clients
Online customer service is certainly very far from the service somewhere in the chic sports bar of Las Vegas. However, this does not mean that the level of attention to you should be lower. Contacts to the support team should always be in a prominent place. It is good if the service is provided via email 24 hours a day, but even better if there is a Live Chat on the site through which you can get an answer to your question at any time.
To determine the top site for Bitcoin bets you can also study its activity in social networks. See what information a company posts on its official social groups. How many people do they have in their audience, are there any contests held, and do they have live communication with real customers? If the company does not have a face, you may not want to trust it with your money.
How Do You Find The Best Bitcoin Bookmaker?
To begin with, decide what is crucial for you? Ideal sites for bets do not exist, everyone has their pros and cons. What is important to you? Someone focuses on the speed of payments. Someone is more interested in bonuses and promotions. Maybe you want to find the most advantageous odds? Once you have determined the key quality of your Bitcoin bookmaker, it will be much easier to make a choice.
On BtcSlice.com we will try to consider all aspects that can fall into the interests of the average user. This way, we save you time and nerves. At the same time, nobody forbids you to make your own analysis. If you are well versed in betting strategies, understand how bonus systems work and are not too lazy to ask a few questions to the support team, you will be able to make your own rating of Bitcoin bookmakers.
Minimum requirements for getting into the top list:
- Reputation – Two years or more of impeccable work. Newcomers to the industry will have to earn the trust of time and excellent quality of service provided.
- Withdrawal time – Despite the fact that Bitcoin transactions themselves take place almost instantly, there are still differences in withdrawal speeds between different betting sites. If it takes too much time to confirm the cashout, such a Bitcoin bookmaker will never be included in our ranking.
- The simplicity of deposit – The ability to make a cryptocurrency deposit to the site should also be always on hand so that at the right moment you can top up your balance and bet on your favourite sport.
- Smooth payments – Payments at any time of the day and without any excuse from the side of the support – that’s the key to success.
- Competitive odds- The odds on all sites are more or less in balance. But if a sports odds look too abnormally low or high, such a bookmaker can not be in the rankings.
- Support Service – probably you will never have to contact the support. But if this need arises, you will probably want to get qualified help. If agents ignore letters and don’t respond in Live Chat, you shouldn’t trust your Bitcoins either.
Sportsbooks and Odds Makers
Bitcoin SportsWagers are placed through an online Sportsbook or Bookmaker who accepts your bet and payouts winnings. Best Bitcoin sportsbooks allow you to bet on the outcome of all kinds of sporting events including soccer, football, hockey, basketball, boxing, tennis, baseball, cricket and almost any other sport you can think of.
To understand how to bet on sports, you need to learn a few different terms. First, let’s look at the difference between a Sportsbooks that accept Bitcoin and an Odds Maker. This difference is that a cash Sportsbook takes your bet and that an Odds Maker is the one that decides the betting odds. There are some different wagers that you can make with betting with bitcoin on a sporting event.
Straight Up Bet
The most popular and most straightforward wager is called a straight bet. These are bets that are made against the spread. The spread also known as the line is a number set by a Sportsbook’s oddsmaker which favours one team and gives a handicap to another team.
For example, a line may read Detroit -3, New York +3. To decide if you win the line would be added or subtracted or add toom a team’s final score. If you chose Detroit in the example above, you would subtract 3 from Detroit’s final score then compare it to New York’s score. To win this straight up, bet Detroit would have to win the game by at least 4 points.
Parlays are also a prevalent type of wager. These are multiple bets, typically 2 to 12, and payout large prizes to winning bettors. For example, a parlay bet could consist of 5 different straight-up bets placed into one wager. You would be wagering that all 5 of your teams would beat the spread. This would be called a 5-way parlay. If any 5 of your teams were to lose you would not win the parlay.
Progressive Parlays are very similar to a regular parlay, but they have smaller payouts comparing to them. This is because unlike a standard parlay even if a few of your teams lose you will win a reduced payout. Teasers are the last form of parlays, and like progressive parlays, they have smaller payouts. Teasers will have a larger point spread than a normal Parlay. Parlays are popular because they payout more than if you were to place different wagers on each outcome.
Though all bets on sporting events are technically future bets, bets that are listed as “futures” are in the most cases wager on long-term sports activities that can last weeks or months. An example would be placing a bet on Liverpool to win the Premier League or the Green Bay Packers winning the NFC Championship.
The odds for future bets are generally shown in a set ratio of an amount paid and amount waged. This might be expressed as 40-1 to win the NFC Championship. This means you would be paid 40 times the amount wagered if the team you picked won.
Where to Place Bitcoin Bets on Sports
There are many different online Bitcoin Betting Sites out there, but making sure that you pick a trusted, reliable and regulated site is essential. There are many flies by the night Sportsbooks that will take your hard earn cash. It is recommended to stay away from sportsbook established brands no matter how good the odds they are offering. You don’t want to get caught up placing bets and an unknown Sportsbook that might not be there the next day. Losing your hard earn cash is never fun. The only Bitcoin sportsbook with good Bonus out there we trust is Bitcoin Sports.