Bitcoin Sportsbook Ultimate Guide

What Are The Best Bitcoin Sports Betting Sites?

Last update: November 24, 2020

Top 3 Bitcoin Sportsbooks

sort by Age, Bonus, Popularity

sort by Bonus, Popularity, Age

sort by Popularity, Bonus, Age

Betonline Welcome Bonus up to $1,000 with Bitcoin

since 2003

licensed in Curacao

Bodog Welcome Bonus up to $1,200 in Bitcoin

since 1994

licensed in Curacao

Cloudbet Welcome Bonus up to 5 BTC

since 2013

licensed in Curacao

Logo Cloudbet

Bonus 100% up to 5BTC

T & C Apply
Logo FortuneJack

Bonus 100%
up to 6BTC

250 Free Spins

T & C Apply
Logo OneHash

Bonus 100%
up to 1BTC

T & C Apply

sort by Age, Bonus, Popularity

sort by Bonus, Popularity, Age

sort by Popularity, Bonus, Age

Bitcoin Sports Betting Growth

Sports Betting is growing fast in the gambling industry. It is a fun, exciting, and social way to gamble with friends and family while watching games.

In the same manner, more and more people get used to Bitcoin and Cryptocurrencies. Both combine, it provides anyone a fast, secure, and anonymous way to place wagers.

For that reason, along with the Best Bitcoin Sportsbook, more and more Crypto Sports Betting Sites arise.

Why bet on sports with Bitcoin? (and Cryptocurrencies)

Bitcoin, alongside other cryptocurrencies, is fast, secure, and anonymous mediums of payment.
Let’s see what advantages you get to bet on sports with BTC, Ethereum, or Litecoin. Conversely, I’ll present a few disadvantages of Cryptos over fiat currency.

 

Bitcoin Sportsbook Advantages

 

1/ Fast Deposit and Withdrawal

On the Bitcoin blockchain, the average block time is 10 minutes. It means that in 10 minutes, transfer to a Bitcoin Gambling site will be confirmed. That’s the same duration for any amount.
Besides, other cryptocurrencies offer faster transactions. For example, Ethereum confirmation time is less than a minute. So, you can instantly send what to wager on a game and get your bet settled. Don’t ever miss a sports bet again.

 

2/ Anonymity

Bitcoin Sportsbooks provide Anonymous Play
Bitcoin addresses are anonymous. In other words, your banker or your jurisdiction won’t know how much you win or lose. It can save you taxes on your winnings. Surely, you’d better keep your gambling habits private.

In addition, great Bitcoin Sports Betting Sites allows anonymous play. To them, your email, a bitcoin address, and your word that you’re over the legal age to play are enough. Namely, play undercover at Cloudbet, FortuneJack, OneHash, Sportsbet.io, and Stake.

3/ Accessibility

Cryptocurrencies are used and accepted everywhere. Consequently, Bitcoin gambling Sites erase currency and geographic limitations.

For those looking to start betting with Bitcoin right away, the most important fact to consider is your location.

Indeed, all the best sportsbooks come with great game offerings.

So, choosing the best Bitcoin casino for your country lets you directly deposit, play, and withdraw without hassle.

 

Best Crypto Sports Betting sites available in your country

    USA

    USA

    USA

    Best for Politics

    Icon Bovada

    Best for Sports

    Betcoin Bitcoin Sportsbook

    Best for eSports

    Betcoin Bitcoin Sportsbook

    UK

    UK

    UK

    Best for Politics

    Stake Casino

    Best for Sports

    Stake Casino

    Best for eSports

    Stake Casino

    Canada

    Canada

    Canada

    Best for Politics

    Stake Casino

    Best for Sports

    Betcoin Bitcoin Sportsbook

    Best for eSports

    Arcanebet

    France

    Brazil

    France

    Best for Politics

    Logo Cloudbet

    Best for Sports

    Betcoin Bitcoin Sportsbook

    Best for eSports

    Stake Casino

    Germany

    Germany

    Germany

    Best for Politics

    Logo Stake

    Best for Sports

    Betcoin Bitcoin Sportsbook

    Best for eSports

    Arcanebet

    Other  countries

    other countries

    Other  countries

    Best for Politics

    Logo Stake

    Best for Sports

    Logo Cloudbet

    Best for eSports

    Thunderpick
    Bitcoin Sports Betting Sites are accessible everywhere

    Use a VPN to access your favorite sites from anywhere. So, you can keep playing, either you’re at home or travelling. Get Windscribe for free.

    Also, our USA Bitcoin Sportsbook page lists the best Sports Betting sites for US-player.

     

    4/ Bonus, Promotions, and Odds

    Processing deposits and withdrawals through Cryptocurrency transactions save fees for both Bitcoin Sportsbooks and Players. That’s the reason why Crypto Sports Betting Sites are getting very competitive.
    To illustrate, Promotions and Odds are among the most attractive of the market. That’s especially true for Bitcoin-only Sportsbooks.
    In addition, you always get bigger bonuses for deposits made in cryptocurrencies rather than fiat money.

    5/ Low Fees

    Average Fee on Litecoin network is $0.01

    Cryptocurrencies transaction fees are very low, regardless of how much you transfer. Plus, Bitcoin doesn’t set limitations per transaction or period (credit card does). 

    6/ Higher Limits

    Cryptocurrencies allow limitless transactions. In other words, you can deposit as much as and as many times as you want. The same goes for withdrawals.

     

    Crypto Sportsbook Disadvantages

     

    1/ Lake of regulation of Bitcoin Sports Betting

     

    At first, Bitcoin is a libertarian technology that lets people take control of their money. Many Bitcoin Sportsbook sites embrace this spirit. As a result, some of them provide casinos and sports betting games regardless of what local laws say.
    Of course, I respect this libertarian point of view, but players should know where they’re playing at. I indicate inside sites’ reviews ‘information’ section what is the Site Gamble License. In addition, I list restricted countries given by the sites.
    Finally, note that a site may accept a player from your country, but not hold the right license to operate there. While you will be able to play on such a site, it could have lower standards than your jurisdiction requires. To illustrate, the players’ protection could be lighter.

    2/ Bitcoin and Cryptocurrencies volatility

     

    Bitcoin’s price fluctuates a lot.
    While it may be true that Bitcoin is an investment asset, don’t invest money that you can’t afford to lose.
    At the same time, Best Bitcoin Sportsbook Sites let you deposit and play with stable coins. A Stablecoin is a cryptocurrency where coins are pledged on fiat currency (usually US dollars). Indeed, regardless of what Bitcoin does, stable coins keep the same value than USD.

    Bitcoin Trading Graph

    When it comes to stable coins betting, Cloudbet and Sportsbet.io are the best crypto sportsbooks. Both let Bet on Sports with Tether (USDT).
    In addition, others like Betonline support deposits and withdrawals with USD.

    How to choose a Bitcoin Sports Betting Site?

    Each player has specifics that make a Bitcoin Sportsbook better for him.
    I do my best to provide maximum information on the game offers.
    So, you can pick the right place for you. Really, I do strict research before listing a crypto sportsbook.

    Bitcoin Sportsbook Sites Security Audit

    Reputation and Trust

    First, I check the Site’s reputation.

    What is its history? Does it have complaints? What do users say about it?

    I do my research, and I look for any red flag. Class action sites, Forum, Comments on review sites are the place I begin with. Regarding my experience, I learned to distinguish whines and bitterness from legitimate complaints.

    Bitcoin Sportsbook Evaluation

    Then, I try the reviewed Bitcoin Sportsbook by myself. I always do the following:

    Bitcoin Sportsbook providing Best User Experience
    icon Best

    Register: Record details needed

    icon Best

    Deposit crypto: with Bitcoin first, then with Ethereum or Litecoin depending on the crypto sportsbook. Note how swift my balance is credited.

    icon Best

    Sports Betting: I place a bet on major Sports, try multiple types of bet.

    icon Best

    Contact the support: I make sure they are reactive and friendly.

    icon Best

    Bonus and Promotion: I verify that promised rewards are available.

    icon Best

    Withdraw: the Bitcoin Sports Betting Site must provide easy and quick withdrawals.

    In other words, I know very well the sites I review.

    If you have any questions unanswered, contact me. I’ll respond as soon as possible.

    In addition, Bitcoin Sportsbooks use to come up to us with exclusive offers. Indeed, you can benefit exclusive promotions when Welcome Bonuses doesn’t suit you. Tell us what you’re looking for, we will send you the best current promotions for your needs. 

     

    Start Sports Betting with Bitcoin

    While betting on Bitcoin Sportsbook is a breeze, you may need to get Bitcoin first.

    Our 10 minutes guide will help you.

    But, for those who want to understand how Bitcoin works, let’s see the basics.

    First, I’ll present to you on how to secure Bitcoins and Cryptocurrencies.

    Then, I explain how to purchase your first cryptos.

    Ledger Hardware Wallet for Bitcoin Ethereum, and major Cryptos

    Crypto Wallet

    The very first thing that you need to get started with Bitcoin or crypto is a wallet. The wallet is the place where you keep your coins safe.

    Of course, crypto-experts will choose the best wallet for their use. But, if you are a newcomer, let me suggest two very secure and easy ways to set up your own wallet. Specifically, these wallets do not require technical skills and can secure major cryptocurrencies (BTC, Ethereum, Litecoin, and more).

     

    • Coinbase : it is not only a trustworthy exchange but also a secure crypto wallet. It is a safe way to begin. Similarly to another online account, you can recover your password if you lose it.

     

    • Ledger : It is the most secure way to hold Bitcoin and crypto. Indeed, you don’t rely on any third-party provider and your coins get secured by a hardware device. Besides, it comes with the Ledger Live App which is a breath to start with.

      Cryptocurrency Exchange: Purchase Bitcoin, Ethereum, or Litecoin

      There are more and more ways to buy cryptos.
      At the same time, I foster you to purchase your cryptocurrencies on well-known exchanges. Namely, Coinbase and Kraken have solid reputations. Once your order gets filled, transfer your coin to your wallet. That’s the best way to secure and hold your Bitcoins and Cryptos. For those who want to buy a significant amount of cryptocurrencies in the long run, Exchanges are the way to go. There, you will get the best rates for lower fees.

       

      That being said, some Bitcoin Sports Betting sites provide convenient ways to start gambling with Cryptos.

      Especially, Cloudbet, Sportsbet.io, and Stake.com let your directly buy Bitcoin from your player account.

      Sportsbet.io: with Visa or Master Card through BTCXE (1.95% of fiat currency as Fee)

      Cloudbet and Stake: through Moonpay.io (1% for Bank transfer and 4.5% for Credit/Debit Cars)

      Bitcoin Sports Betting Bankroll

      Once you have Bitcoin or other cryptocurrencies, I recommend you to play safe. Here are my recommendations to keep control of your bets, protect your BTC investments, and use the best-suited cryptos to play on Bitcoin Sportsbooks.
      Moreover, I’ll tell you how I proceed to get better odds and a maximum of Bonuses.

      Bitcoin Sports Betting Rules

      When it comes to gambling, the first rule is DON’T PLAY MONEY YOU CAN AFFORD TO LOSE! It is true for both Casino games, Sports Betting, and Poker. Then you won’t put yourself in bad situations, gambling should always be fun and safe. Visit BeGambleAware and GamCare if you have gambling issues.

      The second rule is, DON’T PLAY MONEY YOU CAN AFFORD TO LOSE.

       

      That being said, I have a couple of rules for Bitcoin Sports Betting. This framework gives me a safe and exciting gambling experience on Crypto Sportsbooks. To illustrate, here is what I do.

      1/ I Keep control of my bets

      To me, it’s fine to gamble 1 ETH per week on Sports. So, I size my bets to be sure that I can place all my bet with 1 ETH.

      As a result, I don’t exceed my limit and I play on all the games I want to. I advise you to set yourself a limit amount by period (week, month, or year). Then, choose bet sizings that allow you to play on the games you want.

       

      2/ I use Ethereum and Litecoin to move money around

      I like to invest in Bitcoin. That’s why I withdraw big winning in Bitcoin (or withdraw with Ethereum and then trade it for Bitcoins).
      That being said, both Ethereum (ETH) and Litecoin (LTC) provide faster and cheaper transactions. They offer me a better way to deposit. Ethereum is the fastest coin with almost instantaneous transactions. While Litecoin transactions allow very small deposits (fees are less than 2 cents).

       

      3/ I always pick the best odds

      I like to play on multiple Bitcoin Sportsbook. This way, I always get the best odds. It’s how I make extra money.

      To illustrate, let’s say I will bet with Ethereum on three games

      • Chelsea FC vs Watford FC: I bet 0.1ETH on Chelsea to win, 1.49 on Sportsbet, 1.45 on Cloudbet, 1.52 on Stake
      • Newcastle Utd vs West Ham Utd: I bet 0.1ETH on Newcastle to win, 2.7 on Sportsbet, 2.74 on Cloudbet, 2.71 on Stake
      • Leicester City vs Crystal Palace: I bet 0.1ETH on Leicester to win, 1.72 on Sportsbet, 1.70 on Cloudbet, 1.69 on Stake

      If I bet on the 3 games on the same site, I risk 0.3ETH to win:

      • 0.591 ETH on Sportsbet
      • 0.586 ETH on Cloudbet
      • 0.592 ETH on Stake

      In contrast, I can pick the best odd on each site. Then, I still risk 0.3 ETH to win 0.598 ETH.

      Further, I get two advantages of splitting my bankroll on multiple sites.
      First, I’m less exposed if my balance on one site gets unavailable for whatever reason.
      Secondly, I release more free money from welcome bonuses and promotions.

       

      4/ I separate my investments in Bitcoin and The cryptocurrencies I spend

      If you want to invest in cryptos, you need to separate held Bitcoins from Crypto used for Sports Betting. Otherwise, you could be left with no Bitcoin when it reaches the moon.
      So, I use one Bitcoin address to hold. And I don’t touch money from this address. I just purchase new coins on exchanges when I’m running out of spendable Bitcoin, Ethereum, and Litecoin.

      Play on a Bitcoin Sportsbook

      Crypto Sportsbooks open up a lot of betting opportunities.
      Obviously, they allow betting with Bitcoin, Ethereum, Litecoin, BitcoinCash, Tron, Eos, Monero, Tether, and More cryptocurrencies.
      More importantly, Bitcoin Sportsbook Sites provide bets not only on Sports but also on eSports, Politics, Entertainment, and Horse Racing. Both are available on future and live events!
      For each category, I give my favorite Bitcoin Sportsbook.

      Sports Betting on Bitcoin Sportsbooks

      Sports

       

      Bitcoin Sportsbooks let you gamble on any sport.
      To illustrate, you can bet on major sports like Basketball, Baseball, Football, Hockey, Soccer, and Tennis.

      Besides, most crypto sports betting sites let you bet on Aussie Rules, Badmington, Beach Volley, Boxing, Cycling, Cricket, Darts, Futsal, Golf, Handball, Ice Hockey, MMA, Motorsport, Pesapallo, Rugby, Snooker, Volley, Table Tennis, and Winter Sports as well.

       

      All of our top Bitcoin Sports Betting Sites are very well suited to wager on these games.

       eSports

       

      At the same time, eSports Betting on Crypto Sportsbook is getting more and more popular. You can wager on the following games:

      Call of Duty Counter-Strike, Dota2, FIFA, Legend of Legends, NBA2K, Overwatch, Rainbow Six, and Starcraft.

       

      Thunderpick.com, FortuneJack.com, and OneHash.com are the Best Bitcoin Sportsbook Sites to bet on eSports. They offer a wider game selection.

      eSports on Bitcoin Sportsbooks

      Live sports

       

      Betting on Live is a great way to dive deeper into games. For example, I’m more likely to bet on scorers once the game has begun. So, I use my phone to place the last wagers during the game.

      Thanks to great user interfaces, Cloudbet.com, FortuneJack.com, and Stake.com are excellent for Bitcoin Sports Betting on the Go!

      Politics and Entertainment (specials)

       

      Bitcoin Sportsbook Sites also provide Specials.
      Specials Bets target not only what occurs during a game but also non sportive events.
      To illustrate, it is possible to bet on Entertainment as well as Political Elections.

      FortuneJack, Sportsbet.io, and Cloudbet  are the best Bitcoin Sportsbooks for Politics and Entertainment betting.
      When it comes to US politics and Entertainment, Betonline, Bovada, and Bodog are the Crypto Betting Sites offering the wider selection.

       

      Horse racing

       

      Of course, Bitcoin Sportsbooks let you wager on Horse racing.
      Sportsbet.io is my favorite site for betting on races. It offers not only Horse Racing betting all over the world but also Greyhound Racing.
      As an alternative Betonline, Bovada, and Bodog allow to bet on American races.

      Bitcoin Sports Betting: Bet types

       

      In this part, I present the different Bet Types. Either you are new or a seasoned punter in the Sports Betting scene, let’s see what Bitcoin Sportsbooks offer.

      Money line and Win bet

       

      Money line and Win bet mean the same thing. It is betting on the winner of the game. Simple and fun!

       

      Parlay and accumulators

       

      A Parlay or an Accumulators bet is a very popular kind of wager. It is a bet where you combine multiple wagers into a single one. In order to win a parlay, all bets that compose it must be right.
      While it may bring bigger winnings, it’s a risky bet since any mistake makes you lose.

      Total (over/under) bet

       

      Total bet usually refers to over/under bet.
      This bet is available in all major sports. It is very common to bet on Total Score.
      For example, the 2018 World Cup Final, France vs Croatia. You know France had great scorers and you bet for a total score over 3 (3+). Final Score is 4-2, that’s 6 goals, you win.
      In like manner, betting on the number of rounds in boxing combat is an over/under bet.

      Since Money line, Parlay, and Total bets are very common, the top 3 Bitcoin Sportsbooks are the best suited to try it.

      In addition, let’s discuss advanced Bet Types that season Punter could add to their arsenal.

      The point spread and Handicap betting

       

      Point Spread is easier to understand than it sounds, it is a Handicap Betting.

      Similarly to Win bet, you bet on the game outcome except that there is a handicap and it is not an option to wager on a draw. Indeed, you have to pick the winner with a score handicap. Once applied the handicap, if the result is a draw, the amount is returned to the punter. 

      Let’s take an example. Manchester City is considered a favorite against Liverpool.

      Example of Handicap Bet on a Bitcoin Sportsbook

      Here, our Sportsbook Site offers two Asian Handicap bets:

      • Bet Manchester City (-1): When Man City wins by more than 2 goals, it is a win (bet multiplied by 2.87). If Manchester wins by one goal, your wager is returned. Otherwise, you lose.
      • Bet Manchester City (-0.5/-1): When Man City wins by more than 2 goals, it is a win (bet multiplied by 2.33). If Manchester wins by one goal, a half wager is returned, a half wager is multiplied by 2.33. Otherwise, you lose.

      Most Bitcoin Sports Betting Sites provide Handicap Bets. Namely, Stake and FortuneJack are great places to place Handicap Bets with Bitcoin.

       

      Future and Outright bet Future and Outright bet

       

      Future and Outright bets are the kind of wagers that let you gamble on the outcome of an entire competition. To illustrate, you can bet on the winner of a championship, the best scorer, etc.

      Stake, Sportsbet, and Cloudbet are the sites for futures Bitcoin Bets. Indeed, these Crypto Sportsbooks offer a variety of Outright bets for major sports.

       

      Proposition bets and specials

       

      Proposition Bet and Specials are referred in short as Prop Bet. A Prop Bet is a wager on an event that will occur in the game. As you can imagine, it represents a wide selection of Bets.

      For example, the following bets are usual Prop Bets for a Basketball game:

      • 1st half or 2nd half result
      • Most scoring quarter
      • Total points odd or even (for the 1st or 2nd Half, a Quarters, the Game

      Props Bets are exciting and fun ways to spice games. Bitcoin Sportsbook Sites offer a wide choice of Specials.

      In particular, FortuneJack use to come first for the number of Props Bet available.

      Sportsbet, Cloudbet, and Stake are excellent alternatives where you will find a lot of fun Specials.

      Teaser and Pleaser bet

       

      Teaser and Pleaser bet are advanced betting options. To understand how they work, you must be familiar with Parlay and Point Spread Bet (or Handicap Bet).

      First, Teaser and Pleaser are kinds of Parlay bets. They let you combine several bets at once with higher potential winnings. But, you must be right on all your selections to win.

      Secondly, they are different than Parlay bet in the way that you can adjust the point spread.

      When you change the point spread in your favor, it is a Teaser. You will be more likely to win, but it will pay less than a Parlay.

      Move the point spread the other way, it is a Pleaser. Harder to win, but you win bigger.

       

      If-bet /reverse bet

       

      These types of bets are more complex.

      If bet let you place a combination of two or more wagers. And, the result of each wager determines if the remaining bets will take place or not.

      In addition, you get partially paid out once you win the first wagers. In like manner, if the first bet fails, you lose your stake, and remaining wagers get canceled.

      Reverse bet is a combination of each if-bet in any possible direction.

      Betonline and SportsBetting are one of the few crypto sports betting sites that provide Teaser, Pleaser, If-Bet, and Reverse Bets. Even if their interface is a bit old fashion, seasoned punter looking for complex Bitcoin Sports Bets should consider playing there.

      Bonus on Bitcoin Sports Betting Sites

      Bitcoin Sportsbook Sites offer massive Welcome Bonuses

      Bitcoin Sportsbook Sites offer the best value for your money on the sports betting scene.
      Indeed, they provide the biggest and best bonuses in the market. Let’s see how a bonus work.

       

      What is a Sports Betting Bonus?

       

      A Sports Betting Bonus is a free amount of money credited to your player account under the site’s conditions. Most Bitcoin Sports Betting Sites offer huger Welcome Bonuses.

      They apply to your first deposit.
      Besides, the following deposits trigger Reload Bonuses.
      Bitcoin Sportsbooks offer bigger Bonuses of the market.

      How does rollover bonus work on a Bitcoin Sportsbook?

       

      Usually, your Bonus is released once you have reached a betting amount. It is the rollover or wagering requirement.

      An x25 rollover means that you have to bet 25 times the bonus amount to get it. Usually, bonuses are released incrementally until you reach the rollover.

      For example, let’s say that you deposit 1BTC that qualifies you for a 1BTC bonus. If the wagering requirement is x25. You will finish unlocking your bonus once you reach 25BTC.

       

      What are the best Bitcoin Sports Betting Bonuses?

       

      FortuneJack has a huge 6BTC Welcome Bonus with only a 30x wagering requirement!  Indeed, 1.5BTC for each of your four first deposit (+250 free spins).

      Cloudbet also offers a massive 5BTC Welcome Bonus.

      Moreover, we have exclusive promotions and bonuses for the players who register through our links. If you don’t have an active bonus, contact us to see what we can negotiate for you.

      Bitcoin Sportsbook List

      Z

      eSport Betting specialist

      Z

      Sport Betting

      Z

      Great user feedback

      Bonus 100% up to

      €/$600

      T & C Apply
      Z

      Wide Sport and eSport Betting Selection

      Z

      Nice Politic and Entertainment Bets

      Z

      Cryptos, Credit cards, Skrill

      Bonus 100% up to

      $1,000

      T & C Apply
      Z

      Professional Punters Welcome

      Z

      Wide Sport and eSport Betting Selection

      Z

      Cryptos, Credit cards, Person-to-person

      Bonus 100% up to

      $300

      T & C Apply
      Z

      Great for Betting on US Sports and Politics

      Z

      Wager in USD

      Z

      Bitcoin, Credit Card, Wire

      Bonus BTC up to

      $1,200
      T & C Apply
      Z

      Great for Betting on US Sports and Politics

      Z

      Wager in USD

      Z

      Bitcoin, Credit Card, Wire

      BTC 75% Match
      Bonus up to

      $750
      T & C Apply
      Z

      Great odds on Sports Betting

      Z

      Stablecoin Betting

      Z

      Buy Crypto with Credit Card

      Z

      Bitcoin/USDT/ETH/LTC/XRP/+

      Bonus 100% up to

      5BTC
      T & C Apply
      Z

      US-friendly and Worldwide

      Z

      Sport and eSport Betting

      Z

      Massive Prop bet selection

      Z

      Bitcoin/ETH/LTC/XRP/+

      Bonus 100% up to

      6 BTC
      T & C Apply
      Z

      Best mutual Bitcoin Betting Site

      Z

      Bitcoin eSport and Sport Betting Only

      Bonus 100% up to

      1BTC
      Z

      Great for Sport and eSport Betting

      Z

      Promotions and Challenges

      Z

      Cryptos, Credit cards, Skrill

      Awesome Foursome!

      + other exciting promotions

      T & C Apply
      Z

      Wide Sport and eSport Betting Selection

      Z

      Nice Politic and Entertainment Bets

      Z

      Cryptos, Credit cards, Skrill

      Bonus 100% up to

      $1,000
      T & C Apply
      Z

      Wide Sport and eSport Betting Selection

      Z

      Great VIP Program

      Z

      Promotions and Challenges

      Z

      Bitcoin/ETH/LTC/XRP/+

      Promotions

      Lamborghini Huracan Evo + $50k Raffle
      NFL Money Back Special

      And more promotions

      Z

      eSport Betting specialist

      Z

      Sport Betting

      Z

      Great UX

      +5%

      With code ‘BET1COIN’


      T & C Apply

      Bitcoin Sportsbook FAQ

       

      At last, I want to answer Frequently Asked Question on Bitcoin and Sports Betting.

       

      Will I have to pay taxes on my winnings?

       

      Regardless of your country’s laws, you don’t have to pay tax on your winnings.
      That the point of using cryptocurrencies or Bitcoin, you have full control of your money. Only you and your Bitcoin Sportsbook know your winning on gambling.

       

      Can I get my Bitcoin back if I use the wrong address?

       

      No, you don’t!
      Always use copy-and-paste and double-check your address before sending cryptocurrencies. Further, be sure to use the same currency in your wallet and your player account.

      What if the price of Bitcoin changes? 

      Bitcoin is a volatile asset. Do not invest money that you can’t afford to lose.
      That being said, it goes both ways and most people think that it is more likely that Bitcoin price increases. However, you can reduce your exposure to Bitcoin by using stablecoins Cloudbet accounts support Tether (USDT) which is a cryptocurrency backed on USD.

       

      How do I place a Bitcoin bet?

       

      It is exactly the same as placing a betting with a Fiat currency.
      First, select your game on your Crypto Sportbook and click on the right bet.
      Then, it will appear in the Bet Slip. You can keep selecting bets if you want to combine them in a Parlay Bet.
      Finally, in the Bet Slip, enter the amount of your Single or Parlay bet and click on the place bet button.

       

      Is Bitcoin gambling legal?

       

      The best answer is to quote Wikipedia on “Legality of Bitcoin”:

      The legal status of Bitcoin varies substantially from state to state and is still undefined or changing in many of them.

      Whereas the majority of countries do not make the usage of bitcoin itself illegal, its status as money (or a commodity) varies, with differing regulatory implications.

      So, unless Bitcoin is prohibited in your country, ask yourself: “Can you legally gamble online?”

      John Durand

      About John Durand

      I am 38 years old and I have been a professional poker player for 8 years. Sports and technology are my passions. See my Full Bio. I write Poker Room and Sportsbook reviews for Bet1coin.com as well as blog articles.

      If you liked this page, using our links is the best way to reward us. Contact me at [email protected].

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