The online gambling industry is always open to innovation and improvement. This includes the way sites handle deposits and withdrawals, and a relatively recent development is the ability to fund your online sports betting accounts with cryptocurrencies.
Most sports betting sites accept Bitcoin these days and that offers the players several benefits. But how do you find the best Bitcoin betting sites out there?
This post will try to answer this question by offering five steps that should help you in the process.
Bitcoin-Only or More Traditional Bookmaker?
The first thing you need to do is make a decision if you want a Bitcoin-exclusive sportsbook or one that offers both crypto and traditional options such as PayPal, Skrill, Visa, and others.
The biggest advantages of online sports betting sites that also work with fiat currencies usually are the better interface and the license. They are regulated by respected gambling commissions and have been around longer.
In comparison, Bitcoin-only bookmakers are new to the market and often licensed by offshore regulators. That’s not the end of the world but the level of risk for your money is slightly higher.
On the bright side, you can play from countries that are usually not accepted, such as the USA. You can also stay anonymous with many BTC-only betting sites, as they won’t require any personal details to open a new account.
Once you know what you need, it’s time to move on with the selection process. The top priority should be to make sure that the bookmaker you are considering is secure. It has to be licensed by a respected authority and to feature the latest SSL encryptions available.
If you add a background check of the company’s reputation, that would provide enough safety nets for your money and personal information.
Bonuses and Promotions
There are plenty of online bookmakers that have implemented Bitcoin out there and the competition is working in favor of the players. One of the weapons in the battle for customers are the bonuses and promotions offered by each sportsbook.
At the very least, you should be looking for a juicy welcome bonus. There are two good options here. The first one would be to pick up a large pile of extra cash. If you go this route, you will likely need some time to clear the bonus, though.
The alternative is to take a smaller reward that is much easier to obtain. You could find both options online, so make sure to pick carefully.
High Betting Odds
Another factor you should definitely consider is the average betting margin of each BTC bookmaker. The best sports betting sites on the web work with something like 5-10%, depending on the sport and the market.
That transfers into decent odds and your chances of finding valuable wagers increase. Make sure that the sportsbook you pick is at least above average in terms of the prices offered.
Sports and Markets
The more sports and markets available, the higher your chances are to find a valuable opportunity. You should take a look at what’s available and go for a Bitcoin betting site that has a solid variety of betting options.
You want both traditional markets, but also futures, props and live betting. If you are a true expert, every market is another chance to make money.
The tips here will certainly help you identify the best Bitcoin bookmakers online and find a suitable option. There’s no need to stick to only one sportsbook, though.
Joining multiple sites brings various benefits like consistently higher odds and most promotions. This is the reason most professionals in the field use the services of more than one Bitcoin betting platform online.