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Best Betting Sites for Bitcoin Sports Gambling by Stake Casino Today!

Stake Casino Today has compiled the best bitcoin and crypto sports betting sites in 2021. Check them out!

  • Stake
  • Betway Sports
  • Cloudbet
  • FortuneJack
  • 1xBit
  • Spin Sports
  • Intertops

How We Select Best Bitcoin Sportsbooks in 2021

Every online bitcoin casino site reviewed on Stake online casino must pass a strict and systematized assessment procedure. We examine every online casino detail: banking options, customer care support, user interface, and experience amongst others.

Best Bonuses & Free Bets

Although every new player looks forward to the welcome bonus on the best Bitcoin betting sites, there is a lot more to gambling than that. What happens when a mouth-watering bonus offer has an outrageous wagering requirement that makes withdrawal difficult? Stake Today offers one of the best welcome bonuses and also makes it possible to withdraw without much difficulty. The best crypto gambling sites on our list provide exciting gambling opportunities and reasonable wagering requirements.

Sports & Leagues Variety

Having a wide range of options to wager on is one of the highlights of crypto sports betting online. Some online betting sites have a limited game selection where you can globally place a wager on the significant league sports action. On the other hand, others provide a series of gaming choices from athletics to acrobatics, soccer, basketball, UFC, and even football from minor leagues. We, at Stake online casino, offer you the best and largest game selection possible.

Safe Banking with Crypto

Banking is another crucial aspect to consider when selecting an online betting site. We would pick a trusted cryptocurrency gambling site that supports a wide selection of payment/withdrawal platforms. It is essential to note the deposit and withdrawal limits.

Stake Casino Today is quite strict with financial matters, hence the reason for our comprehensive research. We study reviews on Bitcoin sports gambling from trusted sites while seeking answers to your questions.

How to Bet on Sports with Bitcoin (BTC) – Stake Today Guide

For starters, Bitcoin (BTC) is a decentralized digital currency that a central authority cannot control. You can easily make Bitcoin transactions via Neteller, Skrill, PayPal, and other accepted payment platforms. Since its inception in 2009, the use of Bitcoin has been adopted worldwide, and the online gaming industry is also on the jolly ride. Thanks to blockchain technology, Bitcoin is an ideal option for sportsbooks as the premier cryptocurrency is beyond the control of any financial institution. Many now refer to Bitcoin as the “Internet of Money” as it is the most popular digital currency in the world today.

BTC Sports Types

Just like our choices affect our lives, we can as well say the same about a gambler. As an online gambler, your gambling career depends on the choices you make: casino options, gameplay, payment options amongst others.

For gamblers who prefer wagering on sports events, Bitcoin sportsbooks offer a more comprehensive selection of games than regular online sportsbooks. If you are a die-hard fan of American sport, then you can win big from your favorite NBA, NFL, Rugby, Cricket, Horse Racing, and other sports events across different leagues.

Remarkably, the best Bitcoin sportsbooks are not limited to American sports alone. Football enthusiasts, for example, have access to The English Premier League, La Liga, Serie A, Bundesliga, Ligue 1, and other major leagues in Europe.

Other leagues like the EFL, Serie B, La Liga SmartBank, 2.Bundesliga are also available on the best Bitcoin gambling sites. You cannot go wrong with BTC sportsbooks as each game has a wide range of markets that make them the ideal option for sports betting.

Thanks to the Coronavirus pandemic that shook the world recently, eSports are now available on Bitcoin sportsbooks in the best online casinos. You can enjoy betting with your friends on top competitions in Fortnite, League of Legends, and other online sports.

The best thing about BTC sports betting is they are not restricted to only physical sports. Enjoy the Fantasy Premier League (FPL), UEFA Champions League Fantasy (UCL Fantasy), CS:GO and other incredible fantasy games across various sports. Computers run simulations and generate odds on virtual sporting events.

Sports Betting Types

As a sportsbook gambler, you cannot run out of cryptocurrency betting options. You can classify bets based on type, value, and net income. Some of the most common include:

  • Moneyline

Moneyline or ‘Choose the Winner’ is the simplest way to begin Bitcoin sports betting. Your overall payout is based on the sporting event’s outcome, and the odds can be in decimal, fraction, or American odds.

American odds provide details about all you need to win stipulated prize money on a bet. All you need to do is bet in favor of the final winner. Sportsbook’s payouts are usually less than the wager amount because they are subject to odd changes as the event goes on.

  • Parlay

Parlay betting or Stacking up Wins allows gamblers to select multiple game outcomes to increase the chances of winning. A parlay may consist of point spreads and moneylines, as long as you have enough game selections. Although parlay payouts are usually large, you must win all the games on the bet slip before you can cash out.

  • Props

A proposition bet offers gamblers room to wager on specific events during the game and not on the final result. For example, you can bet that Cristiano Ronaldo would score two goals in the first half against Manchester United or whether Michael Jordan would complete 53 passes.

  • Point Spread (Marginal Winners or Losers)

If you are to bet on an event with even odds, it means you expect a team to win the opponent by an even amount; Let’s say win or lose with 6 points. Point Spread is very common amongst NBA and NFL games as it is not difficult to know the underdogs from the favorite, all things being equal.

  • Futures

Players are welcome to wager on future wins in sports events. For example, you can bet on a specific team to win a tournament by the end of the next season. Although future wins have a very high payout, your bet is at risk if any other team wins the tournament.

  • Live bets

Players who wish to bet on ongoing sports action should understand odd changes in real-time. Let’s say Team A is winning at half-time; the odds of them winning the game would be smaller than it was before the kick-off.

Bitcoin Deposits on Betting Site

Just like you cannot put the cart before the horse, there are a few things that must be in place before being able to stake on Bitcoin sportsbooks.

Getting BTC Wallet

A Bitcoin wallet is the first thing you need. It is a unique address that you can use to make transactions (send, receive and store) with Bitcoin. Just like your bank account number, a Bitcoin wallet is peculiar to you only.

Bitcoin wallets are pretty flexible; they function effectively across various devices. Applications on mobile phones, laptops, and personal computers, online via web browsers and offline in hardware storage devices.

Acquiring BTC

The next thing after setting up your wallet is to get Bitcoin to fund your sports betting account. There are various ways to get BTC. You can acquire BTC either by mining, purchasing from Bitcoin traders, or earning from BTC faucets. BTC faucets are programs that Bitcoiners engage in to collect minute amounts of Bitcoin by completing various tasks over time.

If you plan on using digital coins on Bitcoin betting sites, then purchasing them is the best option. The purchase involves exchanging fiat currency for an equivalent amount of crypto coin. Asides from protecting players from price swings of up to 30%, BTC betting sites offer larger payouts than other gambling options; you can win more than 200% of your wager.

Using Crypto at Sports Betting Websites

Amateur and professional gamblers should have no problems in using Bitcoin on sports betting sites. You can start gambling once you’ve got the desired amount of Bitcoin from Coinbase, Kraken, and other crypto platforms.

  • Register with Stake for BTC sports betting and head over to the cashier page on the site or mobile app.
  • Choose “Bitcoin” as your preferred deposit option to generate your unique Stake wallet address for the sportsbook site.
  • To complete payment, copy and paste the web address on the digital wallet.
  • Enter the amount you wish to deposit and click on “Continue” after confirming the transaction details.
  • The transaction is processed and completed within a short period, almost immediately.

Fees

Unlike the usual fiat currencies that are traded to two decimals, Bitcoin allows up to twelve. While some cryptocurrency transactions can be relatively minute and cost-free, others usually attract a fee. Some sports betting sites have a minimum and maximum amount for placing wagers and making deposits.

Cashouts

Players can withdraw winnings once they meet the wagering requirement. You can cash out your earnings with the following steps:

  • Head over to the cashier section on the casino site and select the withdrawal option.
  • Select ‘Bitcoin’ as your desired option and include the cash out from the casino account.
  • Copy the recipient wallet address and paste it in the required field.
  • Ensure that every detail is accurate, as you cannot reverse crypto transactions once they are completed.
  • After confirming the withdrawal order, wait for some time for the transaction to process. The Bitcoin is transferred to your wallet during this period.

Crypto Volatility

The foreign exchange market influences Bitcoin and other digital currencies; talk about the variation in EUR/USD exchange rate amidst others. One Bitcoin would forever be one BTC, but its value in fiat currency differs as a result of its volatility. As a result, the value of $500 in BTC would vary as time goes on, let’s say $400 or $650.

It is difficult for professional traders to predict the value of Bitcoin; this is the price you have to pay when placing bets with cryptocurrency. Cryptocurrency volatility can be hazardous to bettors, and casino operators, so Stake casino takes the liberty of automatically converting Bitcoin to US Dollars immediately after deposit.

Bitcoin Sports Gambling Pros & Cons

The netting industry is not left behind in this digital age. A significant number of bettors prefer online Bitcoin sportsbooks to their traditional counterparts, being fully aware of the downsides.

Pros

  • Financial security

Stake.Today offers privacy when you make transactions via Bitcoin and other digital currencies. This way, a third party does not know your financial status, not even your bank or spouse.

  • Exciting bonuses

Have you ever wondered why Stake casino and other notable Bitcoin betting sites have better bonus offers than the regular online sites? This is because cryptocurrency does not attract fees, so the sportsbook operator saves a great deal of money.

  • Available anywhere

Thanks to the anonymous nature of cryptocurrency, you can gamble anywhere in the world without exposing your identity. You might need a Virtual Private Network (VPN) to access sports betting sites if this type of betting is illegal in your region.

  • Low Fees

Another advantage Stake.Today has over regular sportsbooks is a minimum transaction fee. By transferring crypto, you can save up to 90% on the usual credit/debit card fees on traditional sportsbooks.

Cons

  • No regulation

Bookmakers without a license are not accountable to any third party and are a threat to the safety of online gamblers. We advise that you stick to a trusted crypto betting site on our list.

  • No chargebacks

In case of scams, it is difficult to trace and recover your payments since there is no financial system in place to that effect. Transactions are irreversible with no third parties involved. We advise that you use a licensed BTC sportsbook site and exercise caution when making crypto transactions.

  • Cryptocurrency volatility

Betting with cryptocurrency is on another level of sports betting as you are always concerned with the market value. With the recent increase in the use of Bitcoin globally, we expect that the value of Bitcoin increases over the next few years. In recent times, Bitcoin has already earned its mark as a legal tender usable on various platforms. Slot games and table games are the primary sources of income in betting online with Bitcoin, and sports betting is not left out of this trend.

BTC vs. Crypto vs. Fiat Sports Betting

Although BTC and other major cryptocurrencies are widely adopted in Stake.Today and other online sports betting sites, some online bettors still prefer gambling in fiat currency. There are a few things you should know about.

  • Research has it that crypto sportsbooks are the most reliable means of online betting. Asides from player anonymity, transactions are fast, safe, and secure.
  • While traditional sportsbooks bear responsibility for your money, most online BTC sports betting sites do not.
  • Every online betting site – casinos and sportsbooks operators – must be licensed and regulated by the appropriate bodies. Traditional sportsbooks we recommend meet the requirement of licensing agreement.

Bitcoin-specific Bonuses for Sports Betting

Bonuses highlight every online casino site; they improve gameplay and offer bettors a good shot at making the best from their wager. A comparison between Bitcoin sportsbooks and their traditional counterparts infers that their bonuses aren’t much different.

Sports betting bonuses differ from one sportsbook to another. You enjoy acca boosts, free bets, matched bonuses, increased odds, and other exciting promotional offers. While some sportsbook promotions occur regularly, they tend to change from time to time.

If you need the best promotions and bonus offers, we recommend that you read through our review of Bitcoin sportsbooks. One way to utilize the best bonus offers is by signing up on different sports betting sites, so you can select the best bonuses that suit your style of play.

Live Sports Betting with Bitcoin

Professional gamblers would agree that live sports betting provides a fun-filled betting experience, and we can say the same about Bitcoin gambling. Stake.com offers various betting options where you can place bets before the game starts or when the action is on. Place wagers on each shot, drive, and action before and during the game.

Legality of BTC Betting Sites

Cryptocurrency is decentralized, anonymous, and not controlled by any financial organization. Although online sports betting is not legal in every location, you must be familiar with the rules and regulations.

In Germany, Denmark, France, and other parts of Europe, sports gambling is allowed in some countries and not permitted in others. We advise that you play safe and abide by gambling rules in your location by contacting the customer support team for necessary information about the casino operations.

For gamblers in the United States, Bitcoin betting is legal. If you are in the US, you must understand federal and state rules before starting your gaming career. Online bettors who reside in gray areas in the USA are free to place bets; betting rules set in these areas only affect sports betting operators.

Stake.Today would provide updates if you need more information about legal BTC betting sites. Presently, every online bettor should have a pleasant career betting with Bitcoin online.

FAQ – Answered by Stake Casino Today!

Is it safe to gamble with cryptocurrency?

Gambling with cryptocurrency is safer than fiat funds. Since you gamble anonymously, you reduce the risks of exposing your financial data. You’re good to go as long as it’s a trusted and licensed betting site like Curacao, UKGC, Malta.

Which crypto sports betting site is the best?

It’s hard to say that a particular sport’s site is the best as different betting sites suit the needs of different gamblers. If you are okay with the choice of crypto transactions and limits, and bonus offers, then you’re good to go.

Are BTC sports betting legal?

BTC betting is similar to fiat sports betting. If betting with fiat funds is legal in your region, you should qualify for crypto sports betting; it’s just another legal tender.

Are crypto sportsbooks for everyone?

Betting with BTC is more flexible than fiat currency; it is faster, cheaper, and more secure. If you prefer to go digital, you are welcome to bet and win BTC on Stake Casino Today sports betting site.

How do I get Bitcoin for sportsbook betting?

You can always exchange fiat currency for the equivalent amount of BTC from a trusted trader. You can get BTC via BTC faucets or by mining at low rates.