Bitcoin sportsbooks are an ever-growing trend and knowing that sports betting accounts for the largest market percentage in the global betting industry, they are certainly worth a look at. If you are an avid sports bettor or are looking to dive into the world of crypto gambling, then Bitcoin sportsbooks are definitely the way forward. Crypto sportsbook reviews Anonymous end-to-end crypto sportsbooks offer the following advantages over government currency sportsbooks. Unrestricted; all sportsbooks listed here accept players from the United States of America. Almost free and instant deposits and withdrawals of any amount 24/7. The first candidate up in this review of BetOnline - in this crowded marketplace - is their Sportsbook. And right off the bat, I must say they offer a great database of sporting statistics. This book has more than 10 years in its current format. It’s fast to pay out and safer than many other sportsbooks out there on the web. Review: CryptoCurrency sportsbook 'BETONLINE' Review of bookmaker '188bet' Review of Bookmaker “22BET” with Virtual Currency; Review of CryptoBet Online Betting; Review of the online payment service 'ecoPayz' Review:'Bitcasino.io' the onlinecasino that can use bitcoin.no deposit bonus; Review:'Sportsbet.io' the bookmaker site that can use. Steps We Follow to Review Bitcoin Sports Betting Sites At Bitcoin Gambling Reviews, we employ targeted steps to carry out detailed reviews of Bitcoin betting sites. This ensures that we are looking at all critical factors that can make or break your betting experience.

The use of Bitcoins as an alternative payment system has become increasingly popular as more and more companies find an online presence. Bitcoin itself was developed as a kind of “virtual” currency, or cryptocurrency, which could be used to make transactions, and is completely decentralized.

As a result, the supply of bitcoins has no ‘single repository or administrator’ and the production of new bitcoins is regulated by an algorithm – the advantage is two-fold: on one hand it is not subject to the sort of inflation and deflation that occurs with other fiat currencies, and secondly it is not subject to government seizure.

And now – whatever your favorite sport is – you can bet on it with bitcoin – worldwide. Badminton, Baseball, Basketball, Boxing, Cricket, X-Country, Darts, E-Sports, Football, Golf, Handball, Hockey, Horse Racing, Ice Hokey, MMA, Motosport, Olympics, Rugby, Skiing, Snooker, Table Tennis, Volleyball, Wintersports, Wrestling or thousands of other sport events.

What To Look For In A Sportsbook Site

As a currency that is based entirely online, it has become a preferred reward system for many sportsbooks. These sportsbooks act essentially as interactive forums where individuals can lay bets on the outcome of different sports, ranging from anything to golf and wrestling to league-oriented professions like soccer and football. With increased competition, and a growing familiarity and popularity with online gambling, it’s no wonder that it has fostered numerous bitcoin betting sites and bitcoin casinos like the top 10 gambling sites , each of them trying to draw in customers.

Of course you can bet on all your favorite sports events with bitcoin:

• NCAA March Madness
• NFL Football
• NBA basketball
• MLB baseball
• English Premier League
• Spanish La Liga
• French Ligue 1
• German Bundesliga,
• UEFA Champions League
• UEFA Europa League
• Italian Serie A
• Indian Premier League cricket
• Pakistani cricket
• Australian cricket
• Twenty20 cricket

Why use Bitcoin for Sports Betting?

There are a number of reasons that some of the top online sportsbooks have begun – often exclusively – to use Bitcoins as their preferred currency system. For one, because it is all ‘virtual’, the majority of major banks don’t recognize Bitcoins as legal tender. As a result, using Bitcoins allows users and providers to avoid legalities concerning gambling laws – in certain countries or states where betting and gambling is illegal, Bitcoin is not subject to the same circumscriptions. The same all other types of gambling and betting with bitcoin or other crypto currencies, like the ones tested at sites like Luckycoiner.

The virtue of being completely online also opens up two other benefits: one, the efficiency of making transactions is streamlined and almost instantaneous. This bodes well for sportsbooks since often times their method of wagering can be time-based. Because of its peer-to-peer system, it also means that there are no fees such as those attached to credit cards, and the fees that are present are paid by the purchaser rather than the vendor.

How to start with Bitcoin?

In order to get started with Bitcoin you’ll first need to get an E-wallet to ‘store’ your Bitcoins.

Generally this is equivalent to a digital wallet. To actually acquire currency, one can either receive Bitcoins in the form of payment for goods or services from other users, barter for new Bitcoins from friends, or buy them outright from certain bitcoin exchanges ( more here ) using your own bank account.

Afterwards, it’s as easy as transferring a set amount from your E-wallet to your profile or account with an online sportsbook of your choice.

Tips For Selecting A Sportsbook That’s Right For You

Because of the influx of online sportsbooks, it can often be difficult to know which ones are reputable and which ones aren’t. In general, some of the top Bitcoin Sportsbooks have managed to attract a loyal and growing number of patrons by carving out a niche for themselves and offering better odds, variety of betting options, and usability than their opponents.

Some more popular ones include Nitrogen Sports and Cloudbet, both which have a vast number of different sports available for newcomers to gambling and tested veterans alike. But when it comes to gambling – whether on future games or live – variety is just one of several things to take into account before signing up with a sportsbook.

The grade of a given sportsbook is contingent on a number of factors, with sites like CloudBet, Sportsbook.io, and Betcoin Sports receiving the highest accolades by the Sports Book Reviews.

So what makes a good sportsbook?

What are the odds?

To begin with, it’s always prudent to prowl around and check the odds. These are basically the chances you have of winning a given wager, and it can often be a bit confusing to those who are new to betting since the odds can differ wildly according to what game you’re playing, how much time is remaining to make a wager, and what kinds of wagers are available.

For example, some football pools use Asian handicaps that have five different wagers:

Win, Lose, Tie, Half-Lose, and Half-Win. Knowing which odds are the best, compared to other sites, and knowing how to use the wagers to your advantage go hand in hand. As with all betting, there is also the matter of minimum and maximum wagers, and regardless of your proficiency with online betting this should play a role in your decision.

Minimum and maximum wagers?

As a general rule, it’s a good idea to avoid minimum wagers of more than 0.001 Bitcoins unless you have some prior experience, and this is more or less the standard across the board. In terms of maximum payouts however, it can vary anywhere from being unlimited to $50,000, all the way down to $5000 a week.

Knowing your own skill level, and having some idea of your overall ratio of success will enter into your decision about which sportsbook you most closely identify with.

Welcome Bonuses for Bitcoin Betting

Another consideration is bonuses. A number of sites – most notably Cloudbet – will even offer welcome bonuses for users signing up for the first time. For example, a site may offer a full bonus up to 0.5 Bitcoins, so if you deposit any amount within that range they will match it. Some sites also offer free bets, where you can make a wager without having to put down any currency.

There are also bonuses related to whether or not you refer friends who also sign up, and bonuses that reduce the juice – this is a term that refers to the amount a given sportsbook will charge you when you make a bet on something – thereby giving you a slight edge.

Fishing around sportsbooks to see what sorts of bonuses are available, and how they translate into earnings for you, is a good way to weed out which sites have a proven track record and which are scams.

Security And Reliability

Obviously another important factor is security. Because of the volatility of Bitcoin as a currency, and the fact that it has no drawback or refund policy, this means that many shady organizations have taken advantage of the inherent ‘honesty policy’. In order to counter this, the better online sportsbooks have nearly all taken measures against fraudulent activity (even in the case of some introducing a DDoS shield to protect against cyber-attacks).

Cold Storage

Bitcoin Sportsbook Usa

Some sites even have a ‘cold storage’ where deposits are stored offline and secured with keys to prevent them from being manipulated or stolen. A two-step authentication process is in place for most sportsbooks as well, which involves a username and a passcode in conjunction with SSL encryption. Checking out the FAQ’s of different sites to see what sort of security is offered will give you a better idea of how safe your Bitcoins are.

Anonymous or fully registered?

When you’ve found a sportsbook you think you’d like to be a part of, the next step is registering. In some cases – such as with Nitrogen Sports – merely visiting their site will open an anonymous account, while other sites may require a username and valid e-mail. Still those data can be fake, as long as you have access to the email address you use for the signup. This is pretty much the same as at trading sites that don’t claim user ID’s, which is only possible when people want to transfer cryptos only to and from the platform and no fiat money.

Generally the sites that have been around the longest tend to be the ones that are the most trusted, and you can always do a little digging to see when a sportsbook came online which can give you a pretty good idea of how trustworthy they are. However, avoid any site that asks for personal or bank/credit card information, especially if it’s being advertised as a Bitcoin sportsbook!

The Pros and Cons of Bitcoin Sports betting

The Pro´s:

The pros of using a Bitcoin Sportsbook have already been alluded to, and include the ability to make lightning fast transactions in real-time using up-to-date metrics on live sports. Because Bitcoin is all online, you don’t have to wait for payments to go through, as would be the case for other institutions (especially if you were working across one or more currency exchanges/countries).

There is also the anonymity granted by using an E-wallet, and the limited amount of personal information needed to sign up for these sportsbooks, which can give some peace of mind.

The Con’s:

The cons, however, are related to the same thing: Bitcoin can be a risky and volatile venture, and for individuals new to using it there are a number of pitfalls. Gambling is something you have to be an expert in, in order to win more often than lose, similar to trading. Each is something you can learn more or less. Even if gambling or online betting isn’t strictly illegal in your country or state, it is illegal in the United States to run and operate an online sportsbook.

Therefore, the majority lie outside the US – caution should be exercised when registering with a site whose URL is a “.com”, as these are more likely to be scams. There is also, of course, the unpredictability of gambling itself. While there is a degree of skill in the betting pools, especially with league sports, a greater portion of the outcome is based on luck, and every player needs to be cautious and aware of this.

Bitcoin Sportbook Conclusion

Gambling on sports can be a fun – and sometimes easy – way to make money and interact with other players who are just as enthusiastic. The rise of virtual currency in the form of Bitcoins represents a revolutionary way to bet online, by putting a huge selection of your favorite sports at your fingertips and challenging you to guess and deduce the outcomes of games in a safe and secure environment.

While there always risks associated with betting, part of its charm lies at the crossroads where skill and luck meet – ultimately it comes down to being informed, understanding the rules and process of each sportsbook, and being cognizant of the stakes: what you’re willing to lay down, whether you can afford to, and what your chances are.

Bitcoin sportsbooks make it easier than ever to place wagers on major sporting events. Bitcoin sports betting allows players to wager on the results of various sports events like tennis, boxing, soccer, baseball, basketball, cricket, motor sports, rugby and many more. The BTC sportsbooks listed below have all been thoroughly tested by GamblingBitcoin.com. The following are the best Bitcoin sportsbooks we’ve come across yet!

TOP 5 BITCOIN SPORTSBOOKS

1.Cloudbet sports
A complete Bitcoin sportsbook that allows players to parlay up to 7 selections! There are a wide selection of leagues to bet on and supports live In-Play betting. The minimum bet is 0.1 mBTC while a colossal maximum bet of 30 BTC is available for NBA, NHL and soccer bettors. Cloudbet offers a generous 100% first deposit bonus up to 5 BTC to their members and also rewards players with loyalty points for each bet you place. The odds are some of the best you can find online. The odds are extremely competitive when compared to most other Bitcoin sportsbooks. Full Cloudbet sportsbook review

2.Sportsbet
A straight forward Bitcoin sportsbook that comes fully loaded with every major sports league in the world. Offering straight, single and multi-betting, live In-Play betting and a fully comprehensive list of prop bets. Sportsbet’s betting software is incredibly simple to use and offers odds that are more competitive than almost every single Bitcoin sportsbook. The minimum bet is 0.01 mBTC and maximum is not displayed. They offer ‘money back guarantee’ on popular sports events, and run weekly leaderboard contests where every punter can win a serious price just for placing bets! All deposits and withdrawals are instant and require 0 confirmations. Additionally they have 24/7 live chat support and a full casino platform with Bitcoin. Full Sportsbet sportsbook review

3.Fortunejack sports
Fortunejack Sports offers bitcoin live & mobile betting on every major sport. Looking for soccer, baseball, tennis trends, game previews or matchup details? They provide statistics so you can do your research and handicapping on their site. Want to place bitcoin or bitcoin cash bets on the Kentucky Derby or The Breeders’ Cup? FortuneJack Racebook has it from its list of over 80 venues. Bitcoin first depositors benefit from 2x their stake in free bet, eligible for use in Sportsbook & Racebook, on any sport, odds and wager type. For bitcoin, there isn’t a deposit limit, neither a maximum withdrawal limit. They reserve the right to divide any payment over 50 BTC into 10 installments of 10% each, for 10 months. Minimum withdrawal amount is 0.004 BTC or its equivalent in other currencies. FortuneJack Sportsbook has a large diversity of prop bets. You will discover more bitcoin betting options on Politics, Sports and Entertainment than in other sportsbooks. Full FortuneJack sportsbook review

4.Betcoin sports
This BTC sportsbook comes with the full menu; straight bets, parlays, teasers, round robins, player props, handicaps, futures and many more can be found here! The minimum bet required is 0.13 mBTC while the maximum is 2.5 BTC with the possibility of higher bets being arranged. Despite having one of the largest sports selections there are currently no active bonuses for the sportsbook portion of this site. The odds are a few fractions of a percent away from being the top of the industry. Full Betcoin Sports sportsbook review

Bitcoin Sportsbook

5.Nitrogen sports
Nitrogen Sports is a dedicated Bitcoin powered sportsbook with no fees and 0 confirmation deposits. Straight betting, parlays, props and teasers can be wagered on with minimum bets of 0.1 mBTC and a maximum of 1.2 BTC. They have by far the largest eSports betting section and every major league in the world from soccer to snooker. While they do not offer a bonus at this point in time, they do host several promotions which can be found on their blog. The odds flat out lead the industry and the site retains member pseudonymity by not requiring an email address to place a wager. Full Nitrogen sportsbook review

Bitcoin Sportsbook Review

Best Bitcoin Sportsbook

MORE BITCOIN SPORTSBOOKS

Online sports betting enables players to place wagers on sporting contests and other events over the internet. Many online Bitcoin casinos run BTC sports betting operations while there are also plenty of independent sportsbooks referred to as bookmakers. The majority of bets offered on online BTC sportsbooks include fixed-odds bets where players wager against the odds offered by the bookmaker.

Sporting contests are the most common event people bet on at sportsbooks, but there are also lots of other events featured at online Bitcoin Bookmakers. Politics, TV shows, weather, and celebrities are some of the other things you can bet Bitcoin on at sportsbooks.