Bitcoin sports betting sites
Many of the world’s best betting sites accept bitcoin deposits in 2019, although the accessibility can depend on whether you have regulation surrounding both gambling and cryptocurrency in your country.
As an example, Australia has a heavily regulated sports betting industry, but does not allow punters to deposit with bitcoin at these sites because bitcoin is a commodity, not a currency, under Australian law. This does not mean an Australian can’t sign up at an online bitcoin betting site but it does mean you would technically be breaking the law.
The World Gambling List believes the following online betting sites accepting bitcoin are the best in 2019:
Bitcoin sports betting can open up many new avenues for punters because there are generally no regulations on the bet types and when you can place bets. For instance, with bitcoin you can bet live on many sports, while in the sport’s host country live betting online might be banned.
What sports can I bet on with bitcoin?
Obviously this varies depending on which bitcoin betting site you are looking to wager at, but most have a strong range of international sports and like your standard fiat bookmakers ramp up the coverage when there is a big event on, such as the Olympics, the Soccer World Cup or the 2019 Rugby World Cup.
Below is a list of sports that we have encountered at Bitcoin bookmakers:
Bitcoin betting bonus deals
Just like your standard online betting site that accepts government currencies, bitcoin sports books offer outstanding incentives to bet with them. Generally these incentives take the form of sign-up or deposit bonuses, which means the sportsbook will match your deposit with them up to a certain amount. For instance you might deposit 1BTC and receive a 100% deposit bonus up to the value of 2BTC. After depositing, under those terms, you would receive an extra bitcoin in bonus to use at your discretion.
Why bet with bitcoin?
Generally when you deposit with a government currency sportsbook you are forced to pay transaction fees, either via vig or bank fees, depending on your deposit method. With bitcoin, deposits and withdrawals from your bitcoin wallet to your chosen betting site are instant and free. This is refreshing in the age when it costs you $2 to withdraw money from a hole in the wall.
Because bitcoin has less regulation surrounding it and less red tape to break through they can afford to give you better odds and better bet options than your standard betting sites.
Professional punters & bitcoins
Hear about the big punter who got cut off by a sportsbook for winning too much? It’s a common theme. If you’re good at betting, bookies don’t want your business. With bitcoin, because of the anonymous nature of it, big bettors cannot be cut off.
You can bet anonymously and you can withdraw anonymously to your bitcoin wallet. There is no name associated to your account so you won’t be cut off. Each bitcoin bookmaker has their own bet limits, but many are generous.
Remember that if the betting site you are looking to wager at also accepts fiat currency there is every chance that they will have stricter regulation than betting sites only accepting bitcoin.
Bitcoin deposits and withdrawals
This is the beautiful thing about bitcoin. When you deposit money it is instant. When you withdraw your money it is instant. Unlike standard betting sites there is no two-day wait to withdraw your winnings. Or if you want to deposit a large sum, there is no two-day wait for the funds to be cleared from your bank account to your bookie’s account. As long as you have the desired bitcoins in your bitcoin wallet you are ready to gamble.
The importance of customer service
When you’re choosing where to gamble with your hard-earned bitcoins it’s crucial to bet with betting sites that are reputable and easily contacted. There is nothing worse than struggling with a technical issue during the withdrawal process, only to find that there is no customer support. We can vouch for the customer support at some bitcoin betting sites, but do yourself a favour and make sure you do your research before committing your BTC to anyone. This means reading reviews and checking forums; if there are other people complaining about issues with withdrawals or deposits taking two days to show up, chances are that you will also have issues, so don’t bet there.