With Bitcoin widely accepted at casinos, savvy gamblers use Bitcoin betting sites to make extra money. While luck is random, using fee-free digital coins (and timing your withdrawals to when crypto prices are trading up) might lead to a better ROI.
We will explore casino gambling and sports betting with Bitcoin. A cash alternative, when you bet with crypto, transactions are instant, safe, and include instant payouts. Lucrative bonuses with your crypto deposits can also maximize your investment.
Wagering On Sports Using Bitcoin
Popular questions gamblers have are can you use crypto for sports betting, and is it better to bet with Bitcoin. Because cryptocurrencies are gaining in popularity, casinos accept Bitcoin, Bitcoin Cash, Ethereum, and Litecoin, to name a few.
Here are a few tips to keep in mind:
1. Only Use Trusted Bitcoin Casinos
In exploring reputable casinos, players rank BetUS as one of the most trusted online sportsbooks. Others include Bovada, Sportsbetting, and BetOnline, which we will cover below. However, not every gambling operator is legit, and some online casinos run scams.
Here is how to spot the fraudsters:
- Missing or confusing Terms and Conditions
- Poor, negative or inexistent reviews
- Several complaints about customer service
- No licensing information from gambling regulators
- Slow uploads and outdated technology
- Delays with payouts
2. Play Games with Higher Odds
The house usually has an edge (to make a profit). Hence, focus on games that increase your odds. Try roulette, blackjack, the penny slots, poker, and craps. Other ideas include sports betting with cryptocurrency. Unlike slots and table games, it is easier to predict the outcome of teams, players and games.
Look for Bitcoin football betting tips on Reddit or search for tips on sports betting on Bing or Google. The community forums are usually reliable (for more certainty). Look for insider tips from pro gamblers on sports betting, Bitcoin bonuses, parlays, spreads, and more.
3. Monitor Bitcoin’s Volatility
Bitcoin is highly volatile and can suddenly plunge before taking off again. Hence, work around this when making withdrawals (to mitigate your losses). If you are lucky, you may cash out with more than you started.
Another point to consider is claiming crypto bonuses only when the market is high. You could place your wagers when BTC is down to preserve your balance and maximize profits (cha-ching!).
4. Use a Proven Winning Strategy
While slot luck is based on chance, some casino game strategies can increase your chances of winning. If you are new to casino gambling, practice in demo mode.
Here are a few blackjack tips:
- Never purchase insurance and skip progressive strategies
- Avoid tables that continually shuffle and keep your bets to only a small percentage of your account
- Know the basic rules and when to surrender
- Double your bet if your initial two cards total 11 and split pairs of Aces and 8’s
5. Bet on NFTs
While Bitcoin betting sites are an entertaining way to make Bitcoin quickly, NFTs are a new market that is just as entertaining and unpredictable.
NFTs (non-fungible tokens) are exchangeable and identical. Invest in Ethereum to get tokens and acceptable payment methods in NFT marketplaces. You can bet on digital items (cosmetic skins, weaponry, collectibles). These are like real-world assets (stocks, bonds).
To begin with, virtual assets, look for NFT gambling sites (Decentraland, OxUniverse, CryptoKitties). Users can win prizes or tokens when betting against the dealer’s hand or another player.
6. Look for the Safest Sportsbooks for Cryptos
Several of the highest-ranked sportsbooks are trustworthy and reputable. Accepting multiple cryptocurrencies, access their generous cash promos when you sign-up:
One of the leading sports betting sites, Bovada’s Sports Welcome Bonus is 50% up to $250. They accept five cryptocurrencies, have live betting, competitive odds, and a HUGE sportsbook. With over 25 sports to bet on, deposit minimums are $10, and maximums are $5,000.
With 44 sports, BetOnline, a trusted site for 25+ years, is rated 4.5/5. Their Sports Welcome Bonus is 50% up to $1,000, and they accept 17 different cryptocurrencies.
Rated 4.36/5 and 100% secure, SportsBetting has a 50% Bonus up to $1,000. With 31 sports categories to bet on, crypto payments include Bitcoin, Ethereum, Tether, and 14 others.
Best Services for Bitcoin Gambling
If you want to know where you can bet with Bitcoin, here are a few suggestions:
Place wagers on everything from the Oscars and NFL to political events.
You might win serious cash playing bingo online, and the rules are easy to follow.
Hit the slots or play cards and use a sign-up bonus for even more cash.
Play your favorite numbers, and you might make a few extra quick bucks.
P2P betting for sports or other events is the latest way to place wagers and score cash.
Calling all poker pros! Win extra money with a late-night online tournament.
From the Preakness to the Kentucky Derby, consider betting on the horses.
Bet on your favorite game, team, or player to score extra cash.
How to Stay Safe When Using Bitcoin for Gambling
When selecting a gambling operator that accepts Bitcoin, to enhance your gambling experience:
- Only use trusted providers: Read the reviews and confirm their reputation before depositing your money.
- Confirm the payment methods and fees: Verify you can gamble fee-free. Look for any payout delays or caps. Not every site has $20 minimums and unlimited maximums.
- Review the limits: Before betting, check for restrictions and limitations. Some casinos ask for ID (large withdrawals and wins).
Crypto Like a Pro!
Bitcoin casinos give gamblers a lucrative way to increase their earnings. Use the tips above to help you reap the maximum profits and start with trustworthy casinos that accept this payment method.
However, once you register and win, before requesting a payout, make sure Bitcoin is trading higher (to make the most of your digital investment).
Disclaimer: This is a guest post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company.