Being one of the most popular sports in the world, with the creation of cryptocurrencies Bitcoin basketball betting has become a new trend for online bookies. In traditional sportsbooks, basketball is one of the most dominant disciplines, following football, tennis, and hockey.
Prior to moving to specific details, we should outline, that it is legal to bet on basketball with BTC. However, according to different laws that exist in some countries, the legal framework could vary, but most of the time you will have no problems with betting.
Bitcoin is quite a popular way to bet on sports and usually the only one. Even though there are other cryptos for gambling, no one matches Bitcoin’s prominence. At the same time, there are a number of advantages for people who use Bitcoin for betting. It includes a first deposit bonus, promotions, and the chance to earn numerous prizes.
Bitcoin offers a bunch of advantages which we will explain later in this guide. Some of them are anonymity, speed of transaction, and no commission fee. At the same time BTC betting on NBA, like other popular sports is a good possibility and as has already been mentioned above offers a wide array of opportunities.
Here we provide a list of the best betting sites that allow BTC betting on the NBA. If you are not sure which site to choose for betting, here you will find a selection of the top ones. Click ‘Read More’ to find out additional details about these bookmakers.
100%
Yes
No
8/10
Yes
Weekly Jackpot
120%
Yes
No
6/10
No
eSports
180%
Yes
1 Lucky Free Spin
3000+
Yes
Task Hub
100%
Yes
No
9/10
No
60+ Markets in-play
100%
Yes
No
6/10
Yes
Gift Card Giveaways
No
Yes
No
6/10
Yes
Fantasy Sports
Yes
Yes
No
6/10
Yes
Fast Deposits
It may seem complex at first but betting on basketball with Bitcoins is a simple thing. Basically, you need two things: a good website and a working crypto wallet. The latter is important because Bitcoins are stored in a specific wallet, hence they differ from their usual counterparts.
The Bitcoin betting industry is still a new field, which develops gradually. Finding a good website for Bitcoin basketball betting might be difficult sometimes because there are not many operators. The choice is limited.
When we talk about a good crypto sportsbook, the first thing you need to pay attention to is a license. With a license, fair odds are guaranteed and there is no illegal advantage from a bookie. At the same time when there are disputes, it is easier to resolve them with the help of a regulator.
Good BTC bookmakers always have a wide choice of different sports and in the case of basketball – the more leagues the better.
As soon as you find the website the next thing you have to make sure of is availability. Some BTC bookies limit particular countries. It depends completely on the operator. Usually, the information about restricted countries is present in official documents or the FAQ section, and every NBA Bitcoin betting sites have such a list.
If you are not sure, or the information about available countries seems vague to you, you can contact directly to a betting site via e-mail and live chat. If it is a good brand both of them work around the clock and provide detailed information about such things.
A crypto wallet or cryptocurrency wallet is a tool in which users can store their open and private keys (essentially, access to your cryptocurrency). A cryptocurrency wallet can also be used to send and receive cryptocurrency to other users. In fact, the cryptocurrency wallet is the portal in which your cryptocurrency lies.
This is why it is so important that your crypto wallet works for you and can meet your needs and actions. It is essential for crypto betting. In order to deposit funds to your personal account, the only thing to help you is a Bitcoin wallet.
Registration on Bitcoin NBA betting sportsbook is not difficult and for the most part follows the same rules, when you create an account for a regular one. By clicking the Sign-Up button (usually it is at the top right corner of a website) you will be required to fill out a form, where providing personal data is necessary to finish up the registration process.
Personal information includes username, e-mail, country of residence, age. Almost all BTC sportsbooks require verification by e-mail.
Basketball is one of the “richest” sports when it comes to betting opportunities. Only a few basic types, well known in other disciplines, are used in basketball bets. Betting is made on the number of points or fouls, free throws, or three-point shots. Basketball is characterized by a large range of bets on handicaps, as well as on the quarters.
This option is offered to players in all BTC basketball betting odds. The classic version of basketball is the total number of points of both teams per match. Bookmakers offer to try their luck in totals on the number of points scored, three-point and two-point shots, free throws. Indicators can take on the entire match or differentiate by quarters. You can place a bet on an individual total. In this case, the basis is taken personal indicators – points, game time, fouls, the number of accurate throws.
Some of the most popular options in basketball. The player needs to guess the outcome based on the odds, which may be smaller or larger. So, if you set a handicap of 7.5, to win you need your team to lose no more than 7 points. In online play, you can choose a range of handicaps (usually given from 4 to 12 points), but the odds will be lowered. NBA basketball Bitcoin betting is characterized by a wide range of odds and handicap is one of the most popular ones.
Here you need to guess the result of the match. Most often bookmakers offer to bet on the victory of one or the other team, sometimes offered a third option – a win in overtime. Here you need to pay close attention because some BTC sportsbooks may not include overtime and only the main time. If a match ends in a draw, then it does not matter whether your term will win the game in overtime or not.
Bookmakers traditionally take a lot of bets online, but it is always necessary to remember that they are quite risky. In basketball, the course of the game can suddenly turn 180 degrees and the team lagging behind for 5 minutes can win the 15-point handicap, going ahead. Nevertheless, there is an opportunity to place all the classic bets, as well as a lot of quite exotic when it comes to betting on basketball with Bitcoins – totals on the game time of a particular athlete, as will be scored the first/last point, the number of fouls at the basketball player, and a number of others.
Basketball bets with Bitcoin offer you unique opportunities. First of all, it is the speed of transactions, which are carried out rapidly. In the worst situation, it could take up a maximum of 10 minutes. At the same time, you are completely anonymous and no one is able to track your transactions.
| Pros | Cons |
| Fast Transactions | Tax |
| Withdrawal Time | Tedious Exchange |
| Privacy | High Risk |
| Play from Anywhere | Low Variety of Platforms |
One of the main advantages of Bitcoin, in general, is anonymity, which made it the main form of payment. Despite its anonymity, the network uses unique identifiers and passwords to authenticate each Bitcoin transaction, protecting these digital tokens as well as your identity. Bitcoin amounts are transferred from one digital wallet to another without having to divulge sensitive personal information that can be used in some settings against the user. In this regard betting on basketball with Bitcoins offers you protection. The problem of anonymity may not be reflected in the minds of many people, but it offers a certain amount of solace for those concerned.
The structure of Bitcoin means that bank fees are not charged when you use them to place a bet This means that the prices and value of Bitcoins are more transparent than some banking organizations that make traditional currency payments. This means that bookmakers can set a different bet of minimum and maximum deposits compared to other currencies. This lowers the barrier to entry into some sports betting and you can bet on smaller amounts than other currencies can afford.
Bitcoin sports betting bonuses are also more attractive than in other currencies. This is partly due to the fact that thanks to the use of cryptocurrency sportsbooks manage to save money. Often, to encourage you to bet on NBA with BTC, these savings will be transferred to you.
Compared to other currencies, the rising value of Bitcoin is another advantage of its use when placing sports bets. We are talking about volatility, which means, its price changes rapidly. Cryptocurrency is seen in some countries as an extremely profitable investment tool despite the fact that it is decentralized. Placing a sports bet using the rising value of Bitcoins means that you are not exposed to the ebb and flow of traditional currencies tied to countries and banks. Despite the assertion that the cryptocurrency market is unstable, Bitcoin guarantees decent winnings. With reduced currency risk, players are given more peace of mind to focus on what bets they are going to place.
We have finally come to the main point of our guide – why should you start betting on basketball with Bitcoin? Considering the advantages we have emphasized above, it is a unique tool for you to remain anonymous, not spend too much time waiting and get various bonuses that cryptocurrency gambling ensures.
Almost every BTC sportsbook offers you a chance to place bets on basketball. It is one of the most-watched and played sports in the world. Betting opportunities are usually vast and also include live betting.
Using Bitcoin for betting as well as the number of such bookies is gradually growing. With time such operators will make up the most part of the gambling industry and is indeed a revolutionary thing for the world.
