Thanks to the creation of cryptocurrencies Bitcoin football betting has become a trend for online casinos. Bookmakers accepting bets in bitcoins began to appear with enviable regularity. It is completely legal to bet on football with BTC, however, it can be different according to a particular country’s law.
Bitcoin is currently the most popular electronic currency in the world, for which you can buy goods or pay for services, as well as exchange for real money.
Bitcoin bookmakers offer their clients a unique opportunity to bet in cryptocurrency, that is, in Bitcoins. It’s quite a popular way to bet on sports and usually the only way.
It should also be noted that there are additional features and perks for people who use BTC to bet. First of all, it is a bonus and a promotion. Some online casinos are willing to offer players a deposit bonus if they use Bitcoin. Rarely, there are even no deposit bonuses. At the same time by making a bet on football with Bitcoins customers are able to win different prizes.
It is very convenient for players to bet on Bitcoins because transactions occur instantly, some bookmakers are allowed to play on bitcoins without registration. Thus, the player remains anonymous.
On the other hand, not all casinos accept bitcoins, but only in those countries of the world where Bitcoins have legal status.
As of 2020 Bitcoin betting on football is completely legal. However, some countries have determined the status of Bitcoin:
|United States||24/50 States|
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Betting on football with Bitcoins works pretty much the same as traditional betting. Imagine a bookmaker which offers various possibilities on a particular match, where you have to choose one and bet your money. This is the same with BTC football betting – only the difference is that you use cryptocurrency instead of fiat money.
Here are the things you should consider before you start betting:
Sometimes it is the hardest part. Crypto gambling is still a fresh thing and not a lot of websites offer users the possibility to bet with Bitcoin. Some of them are fraudsters and oriented to deceive their customers. The reliability and feedback of the community are important. In this way, you can assess the quality of services provided by the resource. You will be able to understand how conscientious and reliable is the crypto bookmaker. At the same time, you should pay attention to the license and the period of time the crypto bookmaker has been in existence.
Availability is another key indicator that requires specific attention. Some bookmakers that exist online only allow particular countries. For instance, if you are from the United States, you may not be allowed to make Bitcoin football bets at a particular casino. It happens very frequently when casinos limit betting possibilities for individual states. This information is usually available at the bottom of a casino’s website, but you can also see it in official documents.
If you do not have a crypto wallet, it will be impossible to store your virtual currency. Most of the time people use Blockchain Wallets, but there are other ones that are widely used.
In fact, any cryptocurrency wallet is only two digital codes, but the developers took care of the users and provided several solutions for the convenient use of codes.
Each wallet has its own level of security, which mainly depends on its type and service provider. All crypto wallets can be divided into two main groups: Hot and cold wallets. “Hot” storage – save private keys with an Internet connection, which provides easier access, but adds vulnerabilities to hackers. It is widely used for Bitcoin soccer betting.
“Cold” storage – private keys are stored without access to the network. Operations require pre-preparation, but you can be calm that outside the Internet hackers will not be able to get to the private key.
As soon as you get a crypto wallet you are ready to register on your chosen crypto bookmaker. The first thing you need to do is signing up. It is traditional and simple on almost every website. You should provide your working e-mail and then validate it.
As soon as you create your username you should provide a password, choose your country and verify your ID. In some cases, you are required to provide your wallet address in advance, but later you can add it without any problems.
As is the case in regular bookmakers, Bitcoin football is no different, in terms of the betting options that are offered. It could be a draw, total goals, fouls, live matches, etc. Let’s review one of the most popular options that users tend to bet Bitcoins on.
This is by far the most popular option that in both traditional and crypto bookmakers. There are 6 available options when it comes to the result of the match:
Depending on which teams are playing the odds are different. If a weak team is playing against a strong team then the odds for a stronger team are low and of course, if you guess the result on Bitcoin football betting sites, the winning will also be lower.
Another very popular option preferred by crypto players. There are 2 possible outcomes when it comes to the number of goals in a match:
The first option means that if 3 goals are scored in a match then a player is the winner if he had placed the bet on this option. If under 3 goals are scored – he loses.
It is a perfect option for instances when two attacking teams are playing each other. Some casinos also have over 3.5 goals. In this case, the odds are higher as well, but the chances are lower.
You can place the bets before the match starts, but with the development of online casinos, the function of “live” playing has come into existence. It is particularly popular for football betting with Bitcoin. The name explains itself. We have talked about two popular types which are a number of goals and the result of the match. In life, everything remains the same. However, odds change all the time based on the process of the game. You are not limited to placing bets on live matches.
This is probably the hardest one to guess, but still, players are always paying attention to this option. Basically, you should guess the exact score of the match. If you manage to guess it correctly then you will earn an incredible amount of money.
Different scores have different odds. If the score looks unrealistic then the odds are higher. But usually, players choose the most adequate options.
|Withdrawal Time||Tedious Exchange|
|Play from Anywhere||Low Variety of Platforms|
One of the most important advantages of Bitcoin football bookmakers is the ability to quickly deposit and withdraw cryptocurrency. Banks can take several days to transfer, and Bitcoin will appear in your account in a few minutes. In the case of large amounts, this can take up to an hour.
The replenishment and withdrawal of funds in sports betting through cryptocurrency happen quite quickly. No commissions are charged.
To withdraw money from a bookmaker’s office, you need to transfer your Bitcoins from the bookmaker’s office to your personal wallet. As with replenishment – specify a personal bitcoin address (you will find it prominently in the bitcoin wallet). You will need to copy it so that the bookmaker uses it to send Bitcoins.
The speed of transactions is one of the key factors when it comes to the advantages of Bitcoin betting. Customers do not like when they are forced to wait for a long time, so crypto betting on football is a perfect resolution for this.
Bitcoin is a cryptocurrency that does not require additional costs, unlike fiat money. If you have a certain amount of money on your deposit you can withdraw it instantly and at the same time, no commission fee will be charged, which is an excellent thing. With fiat money, casinos have certain regulations, but with Bitcoin they are absent.
You still might come across a website that requires a commission fee for withdrawal, but it is so minimal that hardly you will notice it. But the number of such casinos is low. The same goes for depositing your Bitcoins. No additional charges are required to start betting.
Volatility shows the price difference of a certain financial instrument over a certain period of time. Volatility is often associated with the level of risk of trading a particular asset – the higher the volatility, the riskier trading. It also exists in BTC betting.
Therefore, it is very important to understand the importance of volatility of Bitcoin and other cryptocurrencies, if you intend to start betting with Bitcoin.
Volatility is an incredible thing to maximize your winnings on online casinos. Imagine a situation when at one period of time the price of Bitcoin is $5000 and after some time – $6000. It means that you can significantly increase your amount of money. Volatility could be considered as a disadvantage but in this case, it gives you the possibility to earn a lot of money.
As we can see, sports betting can bring a significant income in a short period of time and are an alternative method of earning cryptocurrency. However, it should be clearly understood that you came not to play, but to earn money. Therefore, BTC football betting should be made based solely on a match and game analysis based on statistics, trends, and expert opinions.
The main tool of a professional player is a bookmaker’s office. It should be selected carefully, giving preference to stable paying profit services, with a good reputation and licensed activities.
Also, in order to become a professional player, you should learn how to properly allocate your capital. Do not put everything on the outcome of one match. It is better to make several bets with different possible outcomes. So, even if you make a wrong prediction, you can repay the investment. If we talk about bitcoin bets, it is a method that ensures maximum simplicity and security of the game, and in the long run, and a way to increase the winnings.