How to bet on AFL with bitcoin
The major betting sites in Australia don’t accept bitcoin as a deposit method, but the good news is there are plenty of options for bitcoiners wishing to bet on the AFL.
Why would you bother, you might ask? Well, the benefits start with the most important thing — the odds. Generally bitcoin bookmakers have better odds than their fiat competition. This is because there are lower costs associated with running a bitcoin bookmaker.
Transactions between you and bitcoin AFL online betting sites are instant and free because of the anonymity and algorithms associated with bitcoin. This means you generally have to provide less personal details to the bookmaker at which you have chosen to bet.
More: Bitcoin Gambling Guide
Best bitcoin bookmakers to bet on the AFL
Bitcoin bookmakers look on the Australian market fondly, because our friends Down Under are some of the biggest punters in the world. They even have a horse race which “stops the nation” — the Melbourne Cup. But it’s the national league of Aussie rules, the AFL, which is the most popular sport to bet on in this country.
Cloudbet Sports: Has some of the most impressive betting options out of all bitcoin books. Generally offers head-to-head betting, parlay or multibet options and some player markets. All new customers at Cloudbet get up to 5BTC in deposit bonuses.
Betcoin Sports: Betcoin is another bookmaker which has all the tools to make an impression during this year’s AFL season. You can bet on teams to win, some player markets and multibets. New customers get up to 1BTC in free bets upon sign-up. Read our Betcoin review.
Nitrogen Sports: This bookmaker automatically makes you an account when you visit them. However, you can enter in a user name and password to give your account added security. In terms of AFL betting they are yet to show their hand but are almost certain to have a competitive number of options.
How to bet on the AFL with bitcoin
You obviously need to be the owner of some bitcoins to begin betting with them. You can read and watch more information about this process on our Funding Your Bitcoin Wallet page.
The process of signing up for a bitcoin wallet takes only a minute or so at a website such as www.blockchain.info. You then need to fund your bitcoin wallet, which can be done at an exchange such as CoinMama or Local Bitcoins (see video on wallets page) or one of several licensed in Australia.
You then choose which AFL bitcoin betting site you want to bet at; our No.1 bookie for Australian rules is Cloudbet because it has the most bet options and generally has the best odds.
We also recommend linking an email address to your account in case you lose access, or forget your username or password. You can then regain access to your account simply by being sent an email. The account does not have to be verified, so the email address does not have to be linked to your true identity.
The 2019 AFL premiership season — tips and odds
The 2019 AFL season is promising to be one of the most highly contested in many years.
Premier two years ago, Richmond will begin the season proper as premiership favourite, as short as $4.50 with some AFL bitcoin betting sites.
Reigning premier West Coast is again well-backed in the market, coming in on the third line of betting at $7, while last year’s runner-up Collingwood has also been well backed, sitting second in Premiership betting at $6 prior to the season.
If the WGL team had to predict who will win the flag this year, we will stick with the Melbourne-based Magpies to go one better.
The Rising Star award could be interesting, despite No.1 draft pick and Carlton midfielder Sam Walsh seemingly having one hand on the prize, with Port Adelaide youngster William Drew and Bailey Smith just two names to keep an eye on.
Why bet on AFL with bitcoin?
As mentioned previously the odds are often better at bitcoin bookmakers because the overheads are much lower. There are also no transaction fees with bitcoin deposits.
Bitcoin deposits are instant, meaning there is no verification process, which could stop you getting on that winning multi ahead of the season opener. This means you can simply sign up at a bookmaker such as Cloudbet, fund your account and place your bets.
Withdrawals are also instant, meaning as soon as you win you can withdraw your funds back to your bitcoin wallet, with the process completed in a matter of a few minutes, unless it’s an extremely large amount of bitcoin and then they might need to retrieve them from a cold storage account.
Another benefit of betting with bitcoin is there is no limit on how much you can bet. This means big bettors, who have been cut off by fiat bookmakers for being too successful, may be able to find their niche with bitcoin sportsbooks.