Cryptocurrencies have had a massive impact in modernizing the online gambling industry and thanks to them, online sportsbooks have diversified their line of betting with Bitcoin Virtual Sports betting being one of the most popular options. Virtual Sports are electronic games that generate visual feedback on a display device and they are slowly garnering support from players.
It should be said that Virtual Sports betting with Bitcoin is a fully legal activity. Although, there are some countries that have specific laws regarding this discipline, which might cause differences from country to country.
Bitcoin is definitely the most popular way of placing bets on crypto bookmakers and usually the only way. Although other cryptocurrencies also exist, including Ethereum, Dogecoin, and Litecoin, none of them are capable of coming closer to Bitcoin in terms of betting.
Here we should also note that betting with Bitcoin is full of different features, including large bonuses, promotions, and tournaments. When you deposit money with Bitcoin you are eligible for a large amount of bonus in Bitcoin virtual sports, which is bigger than the one existing in traditional bookmakers. Also, players are able to engage in tournaments, where the prize pool is usually Bitcoin.
The appearance of Bitcoin completely changed the financial industry. It has introduced a new insight into betting on sports and with this, we mean anonymity, security, and speed of transactions. Virtual Sports, which also appeared in the iGaming industry not a long time ago can boast the growing popularity and its essence is attractive for players.
Here we have assembled a list of the best sportsbooks that allow people to bet on Virtual Sports. These bookmakers have already established themselves as one of the most notable operators in the online gambling industry.
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
This process might seem hard at the first glance, but actually, there is nothing users have to worry about. To start betting on virtual sports with Bitcoins 3 things are needed: Bitcoin bookmaker, crypto wallet, and a personal account. We will delve deeper into these details below in our guide.
Players find it difficult to discover a good and reliable Bitcoin bookmaker for betting. It is not a surprising fact, because the crypto gambling industry is still developing and operators offering clients betting with Bitcoin are gradually gaining a foothold in online gambling.
In order to find a good website players can follow several tips. First of all, it is necessary to check the operator’s license. Usually, Curacao’s gaming license is the most popular and trustworthy one. With the license, players can be sure to resolve legal issues. At the same time, their funds are protected and fair odds are guaranteed.
The next thing is to check a list of the available countries. Technically the list on BTC virtual sports betting websites that you will see features restricted states, based on which you can determine whether your country is eligible for registration or not. The information about restricted countries can be seen in the official documents or in the FAQ section.
Many players sometimes cannot find the exact answer whether their country is available or not. To resolve this problem you can always contact the website’s customer support and they are willing to help users all the time.
One of the 3 mentioned things above was about having a crypto wallet. To explain it simply, it is like your bank account, where you keep and later transfer your digital assets – in this case, Bitcoin. Obtaining a wallet is not difficult and can be made through an exchange. It is advisable to choose an exchange that is reliable and known with its authority.
Wallets for Bitcoin Virtual sports betting in their nature can be divided into 2 types: hot and cold ones. The first type of wallet is connected to the Internet. The cold wallet is absent from such a connection. Generally speaking, a cold wallet is safer, but both of these types can be used for crypto gambling.
The registration process is a fairly simple procedure. You can see some similarities between registering in traditional and crypto sportsbook. First of all you need to find the Sign-Up button on a website. After that you will see a form, requiring filling out information about your username, age, country of residence, e-mail, and of course password.
Keep in mind that it is necessary to have a working email – the one you are using actively because after completing the registration a letter will be sent, which you must use to activate your account. Without the activation, you will be unable to use Bitcoins for virtual sports betting.
Virtual sports is not a separate discipline. It encompasses football, basketball, tennis, and other sports. It is a virtual version of sports that we know and watch all the time on the Internet or TV. Bets on virtual sports are diverse and popular however they require a thorough analysis from players.
This is definitely the most popular option for any virtual sports’ discipline. The concept here is simple – the one you will see in traditional betting. From the two teams, you should choose the one you think will win the match. We are talking virtual sports, so keep in mind that the human factor plays a little role here, however, based on statistics and teams’ results you can draw out conclusions.
The same pattern works in tennis or basketball. You can always have a look at general statistics of BTC virtual sports betting. They are available on a bookmaker’s website. So having an eye on this option is really profitable for players.
When we talk about goals we mean football of course, but betting on total is a popular option for other disciplines. You can also predict how many points will be scored in a basketball match, or the number of games in tennis. The process and concept here are almost the same as with traditional betting.
According to matches, most of the time, if you place a bet in football on more than 2.5 goals – it is likely you will end up winning. Once again different disciplines have different rules so each of these games requires separate analysis from players. You will even see dog races in virtual sports.
Another really popular betting option for bets on virtual sports with Bitcoins is handicap. The handicap actually equals chances for a strong and weak team. They are represented in plus or minus values. If you think that a stronger football or basketball team will beat its opponent with a huge margin, you can place a bet on the handicap.
Actually, the principle of working handicap is simple. If you bet +6.5 handicap on a strong team, you basically predict that this team will win with 7 or more points. If it is-6.5, it means that a weak team will not lose by 7 points or more. Handicap bets are tricky and at the same time very interesting to follow.
Bitcoin appeared in 2009. While a lot of people doubted its potential and perspective, in recent years it managed to prove everyone wrong and as we see has gained a foothold in the gambling industry. Bet on virtual sports with Bitcoin offers significant advantages over traditional money and we will analyze these benefits each by each.
| Pros | Cons |
| Fast Transactions | Tax |
| Withdrawal Time | Tedious Exchange |
| Privacy | High Risk |
| Play from Anywhere | Low Variety of Platforms |
The trait of Bitcoin is its speed. Transactions with Bitcoin are executed rapidly. Rarely do they exceed 20 minutes. Frequently, transactions happen in just 5-10 minutes and there have been cases when users had funds available on their accounts within seconds. In general any cryptocurrency, besides Bitcoin, can boast such an advantage.
Imagine a situation when you are dealing with banks and real money. Typically banks have their own set of rules – checking the transaction, security. This process in some cases could take up to 2 days before the money appears on your account. Of course, clients want the waiting time to be decreased to a minimum, and Bitcoin fixes that in a blink of an eye.
Zero commissions or in very rare cases low commission fees distinguish BTC virtual sports betting from a regular one. You can withdraw as much money as you want from the sportsbook’s account and make sure that you will be charged an extra fee. With conventional currencies, bookmarks generally require between 2-10% of the withdrawn money. If you take out a small amount of money, then this fee might not be particularly visible but withdrawing $1000 is a different case.
The only fee that exists in Bitcoin transactions is the miner’s fee. There is no third-party or central bank that will charge you extra.
Volatility shows us how fast the value of a particular asset changes throughout time. Cryptocurrencies are volatile currencies – so is Bitcoin. Its price changes rapidly. One day it can be $30,000 and the next day – $35,000. Following recent trends taking place in the world, Bitcoin is only growing and shows no signs of slowing down. This trend affects virtual sports betting with Bitcoin too. Volatility is another reason why people are moving to crypto gambling and they see it as an investment opportunity.
We can provide an easy example. If you deposited Bitcoins on your account, worth $5000, and the next day it surged to $6000 you end up getting $1000 more without even placing bets on sports.
Virtual sport is a new trend in the gambling industry and like traditional disciplines, follows the same betting pattern. A list of BTC sportsbooks that offer betting on virtual sports is growing as well. While this particular discipline might not have a lot of followers in the world, the algorithm and peculiarities of virtual sports offer diverse betting options.
Bitcoin has already proved to be an effective tool for betting. In contrast to betting with real money, the world’s largest cryptocurrency comes with certain advantages. Security and speed of transactions are the most notable ones, alongside the absence of the commission fee. With time the trend of Bitcoin betting will only become more appealing for players around the world.
