Ethereum Sports Betting Guide
Ethereum betting has gained popularity with the rise of cryptocurrencies. Now ETH is accepted as a deposit and payout method at some of the best online sportsbooks.
In this guide, we’ll show you the best Ethereum betting sites to place your wagers and how to bet on sports with ETH as a currency. Step by step.
Make sure to follow our expert recommendations to have the best betting experience. Also, don’t forget to take advantage of the bonuses some sportsbooks offer.
All About ETH Sports Betting
Best Ethereum Betting Sites In 2023
|Rank||Ethereum Sportsbook||Deposit Bonus||Get Started|
|#1||100% Up To $2,500||Bet Now|
|#2||50% Up To $1,000||Bet Now|
|#3||50% Up To $250||Bet Now|
|#4||50% Up To $1,000||Bet Now|
|#5||50% Up To $1,000||Bet Now|
Top Ethereum Sportsbooks Reviewed
Here are the reviews of the top online sportsbooks that accept Ethereum. These are safe and legit sites that have been tested by our experts.
BetUS – The Best Site To Bet With Ethereum
After reviewing many sites, our experts consider BetUS to be the best Ethereum sportsbook in 2023.
BetUS has one of the most enticing sets of bonuses in the industry. They attract new users by offering a 100% Up To $2,500 welcome bonus.
The best promo they have for crypto users is their 150% Crypto Bonus.
The Crypto Bonus includes a 100% sportsbook bonus + 50% casino bonus. Claim it by using the code SU150CRYPT when making your Ethereum deposit.
BetOnline – A Great Alternative For Ethereum Sports Betting
BetOnline is one of the largest online sportsbooks. It has been in the industry for more than 15 years.
They offer a 50% Up To $1,000 welcome bonus to new users, which is very competitive.
This sportsbook is a skin of Sportsbetting.ag, so they share the same quality in terms of lines and customer service.
Bovada – Great Site To Get Into Crypto Sports Betting
Bovada gets second place thanks to their reputation in the sports betting industry.
They have a wide variety of betting markets and you can find competitive lines for almost every sport out there.
Also, their interface is clean and modern, appealing to both new and seasoned sports bettors.
Bovada offers you a 50% Up To $250 bonus that can be claimed with your first deposit.
MyBookie – Juicy Bonus And Lots Of ETH Betting Options
MyBookie is a very well-known sportsbook, and they stand out for the amount of betting markets you can find on their platform.
You can also enjoy of plenty sport-specific promos during the year, and if prop bets are your thing, you should check them out.
MyBookie.ag offers a juicy 50% Up To $1,000 welcome bonus for users who make their first deposit.
Sportsbetting.ag – Trusted Ethereum Sportsbook With Lots Of Markets
Sportsbetting.ag has a great reputation among seasoned sports bettors. You can find plenty of markets with them, and they usually post odds earlier than other sites.
If you are interested in Ethereum live betting, then you should check their awesome live betting interface.
They also have a 35% Crypto Reload Bonus that can be used if you are betting with Ethereum.
How To Bet On Sports With Ethereum (Step By Step)
Pick A Sportsbook That Accepts ETHThe first thing you need to do is find a trusted Ethereum sports betting site. Some sites are scams that you want to avoid completely. To make sure you are picking a good one, go with any of our previously recommended sportsbooks.
Make Your Ethereum DepositChoose ETH as your deposit method. You will receive an ETH address from the sportsbook after you choose your deposit amount in USD.
The sportsbook will also give you the amount to send in Ethereum, which is the conversion of your USD deposit amount.
Using a cryptocurrency exchange or wallet, send the specified amount of ETH to your Ethereum sportsbook’s address.
Wait For The Transfer To CompleteEthereum transfers can take just minutes or a few hours. It all depends on how congested the ETH blockchain is when you make the transaction.
Once the ETH reaches the sportsbook’s address, funds will be credited to your account. Keep in mind that they won’t appear as Ethereum in your account, but will instead be converted to the equivalent amount in USD or your chosen currency.
Find The Odds And Place Your WagerBrowse the sportsbook’s website and find the sport and the market you want to bet on. If the betting lines make sense to you, go ahead and click on them to begin the wagering process.
Confirm Your BetThe sportsbook will ask you to input the amount you want to bet. Double-check all the information on your bet slip before proceeding to avoid mistakes. Once you are ready, hit confirm, and that’s it. You’ve placed your wager!
Pros & Cons Of Using Ethereum To Bet Online
Betting with Ethereum is much faster than betting with traditional currencies. Most of the time, crypto deposits and withdrawals are processed in a matter of minutes.
It’s a misconception that cryptocurrencies are entirely anonymous, but they do provide more anonymity and security compared to exposing your credit card number or bank account.
Ethereum gambling doesn’t shield you from personal information hacks but does a better job than other cashier methods.
ETH is far more cost-effective than other methods when it comes to payouts. Checks and bank wires usually cost $50 to send out and take considerably longer to process.
Different methods, like cash transfers, have fees that can exceed 20 percent. They also have a much lower maximum withdraw amounts compared to ETH which allows around $10,000 per transaction.
As mentioned above, most Ethereum sportsbooks convert to USD upon receiving the funds, but if you’re using any cryptos, price volatility is a concern.
Crypto prices can crash or rise at any moment, and the value will fluctuate every minute.
A price 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.
Using a cryptocurrency certainly seems like a daunting task to those who have not utilized one before. However, they’re relatively easy to use. Still, it may be tougher for some to get started.
Fewer Options Than With BTC
Bitcoin is still the leader when it comes to cryptocurrencies, both regarding market cap and acceptance at sportsbooks.
Ethereum gambling may overtake Bitcoin betting someday, but for now, BTC is accepted by just about every sportsbook while ETH is only supported by a select few.
Ethereum Sports Betting FAQ
Yes, you can bet with ETH online, especially at offshore betting sites where alternative payment methods are more common. Considering cryptos are a much better option for both the players and operators, they may become the norm in the near future.
ETH is growing in popularity as a sports betting crypto, but it is not accepted on every betting site yet. However, many of the major sportsbooks that accept Bitcoin have also started accepting Ethereum as a deposit and payout method.
BetUS is the best Ethereum betting site at the moment. They are a trusted sportsbook and have tons of promos during the year. Their customer service is always there to help in case you need it, and their welcome bonuses are unparalleled.
Betting with Ethereum online is safe if done right. Make sure to bet on a reliable sportsbook and use a secure ETH wallet to manage your cryptos.