Bitcoin Sports Betting Guide
Looking to bet on sports using Bitcoin? In this guide, you’ll find everything you need to know on how to place a bet with BTC safely.
We have a list with the best bitcoin sportsbooks, the best bonuses, and step-by-step instructions to use BTC as your deposit and withdrawal method.
Bitcoin sports betting exploded with the rise of cryptos, and now it’s time for you to take advantage!
All About Bitcoin Betting
Best Bitcoin Sportsbooks In 2021
|Rank||Bitcoin Sportsbook||Deposit Bonus||Get Started|
|1||BetUS||Deposit Bonus 125% Up To $2,500||Bet Now|
|2||BetNow||Deposit Bonus 100% Up To $500||Bet Now|
|3||Bovada||Deposit Bonus 50% Up To $250||Bet Now|
|4||MyBookie||Deposit Bonus 50% Up To $1,000||Bet Now|
|5||Sportsbetting||Deposit Bonus 50% Up To $1,000||Bet Now|
Top Bitcoin Sportsbook Reviews
After reviewing hundreds of sportsbooks, our experts narrowed it down to the top 5 bitcoin betting sites. We wanted to share our reasoning behind these choices.
Here are the short reviews of our most trusted sportsbooks that accept bitcoin, with their respective bonuses:
BetUS – The Best Bitcoin Sportsbook In 2021
BetUS gets first place as the best BTC betting site this year. And that is mainly thanks to their awesome signup bonus.
They attract new users by offering a very generous 125% Up To $2,500 welcome bonus.
The best promo they have for crypto users is their 150% Crypto Bonus.
It gives you a 100% sportsbook bonus + 50% casino bonus by using the code SU150CRYPT when making your BTC deposit.
BetNow – Another Great BTC Sportsbook For US Bettors
BetNow is a great alternative to bet on sports using BTC.
They offer new users a 100% Up To $500 cash welcome bonus with their first deposit. It is one of the most valuable promos among offshore sportsbooks.
Also, BetNow offers great customer support and a clean and simple interface on their website, making it easy to use for new and seasoned bettors alike.
Bovada – Exclusive Bitcoin Promos For New Players
Bovada is a very well-known sports betting site. They have betting odds for the majority of sports out there and their reputation is as good as it gets.
The main advantage of using Bovada to bet with BTC is their exclusive 75% up to $750 Bitcoin Welcome Bonus.
Bovada also offers a 50% Up To $250 bonus for first time deposits made with any other method.
If casino gambling is your thing, then you can also take advantage of their $3,750 Bitcoin casino bonus on your first, second, or third deposit.
MyBookie – Great Bonus And Large Variety Of Markets
MyBookie.ag offers a juicy 50% Up To $1,000 welcome bonus to new users.
One of the interesting factors to choose MyBookie is that they have sports-specific promotions all year round. They also have a massive list of betting markets for all sports and entertainment events, and large wagering limits.
At the same time, they are one of the best BTC sportsbooks if you are interested in proposition betting.
Sportsbetting.ag – A Trusted BTC Gambling Site
Sportsbetting.ag is one of the sites that always make it to the top 5 here at SBS.
They also have a 35% Crypto reload bonus that can be used with BTC and other coins like Ethereum, Litecoin, and Ripple.
Sportsbetting.ag is one of the best options around if you are interested in live betting.
How To Deposit Bitcoin At Sports Betting Sites
Check Our Full Guide: How To Use Bitcoin For Sports Betting
BTC Betting Pros & Cons
Bitcoin sports betting is more popular than ever, but still, you may want to know what are the advantages or disadvantages of using BTC to place your wagers. Here are the main pros and cons to consider:
- Near-Zero Fees
- Faster Deposits And Withdrawals
- Near Anonymous Sports Betting
- Better For Line Shopping
- BTC Price Volatility
- Fees when converting BTC back to fiat currencies
Note: Since BTC price is quite volatile, a crash could see you lose a portion of your profits, but this can work the other way, where a rise in price would see your net worth grow.
Why Using Bitcoin To Bet On Sports Is A Good Idea
Bitcoin betting is mainstream these days. Every major sportsbook accepts cryptocurrencies. Here are the top reasons why you should consider using BTC to wager.
Reason #1Savings For Everyone
Both betting sites and players benefit from the use of cryptos. With Bitcoin, deposits are completely free at most betting sites.
In comparison, using other methods like cash transfers or credit card deposits can amount to bettors losing 5-10% or more of their profits to fees. The same can be said for the sportsbooks themselves. That’s a massive difference in the bottom line.
The cost of processing cryptocurrency is zero, which cuts down on withdrawal fees for both the sports betting sites that accept bitcoin and bettors.
Reason #2Exclusive Bitcoin Betting Bonuses
Sportsbooks still accept fiat currencies, but they would much prefer that their players bet with Bitcoin.
In addition to first-time deposits or welcome bonuses, many Bitcoin sports betting sites will offer exclusive promos to those who deposit BTC.
Make sure to check our review of the best sports betting bonuses out there.
Reason #3BTC Allows Faster Payouts
Transferring Bitcoins is a much faster process than any other payout method. Checks take at least a week to reach players, even from the most trusted and fasted paying betting sites. Bank wires are processed in about the same timeframe.
Now take a look at our monthly Sportsbook Payout Report, the fastest and cheapest option is always BTC.
Bitcoin payouts are processed quicker than any other method. Some sites offer automatic withdrawals and players are paid in a matter of seconds. Almost all withdrawals with cryptocurrencies are processed in 24 hours or less.
Reason #4BTC Is Better For Line Shopping
BTC is ideal for those who want to do betting line shopping but can’t keep large amounts in a bunch of sportsbooks.
With any other payout method, they would have to wait a week or so for their funds and pay a fee. Bitcoin lets bettors get their funds a lot faster (sometimes in a matter of minutes) allowing them to move money around to find the best prices far more quickly than with fiat currency.
Reason #5Near Anonymous Sports Betting
Bitcoin doesn’t offer full anonymity, but the amount of privacy it offers compared to traditional currencies is worlds apart.
The “know your customer” or KYC process is something that bettors need to do before they withdraw at most sportsbooks. That process isn’t likely to change at some operators.
But in most cases, Bitcoin-only sportsbooks only require a login and password. Many don’t even require an email address, let alone personal information, such as customers’ phone numbers or street addresses.
Bitcoin Sports Betting FAQ
Yes, you can bet online with BTC. Bitcoin is accepted in most online betting sites as a deposit method and is a great way to bet on sports without incurring high transaction fees.
Betting with Bitcoin is totally safe. Just make sure to choose a trusted sportsbook to place your wagers and to use a robust and secure Bitcoin wallet to manage your cryptocurrency deposits.
BetNow is the best bitcoin sports betting site at the moment. Their cash welcome bonus offers the most value for your money and they accept BTC as a deposit and withdrawal method.
There are 5 things to look for in a good Bitcoin sportsbook: a valuable welcome bonus, competitive betting lines, a variety of betting markets, and good customer support. Sites that meet these requirements are good places to bet.