Bitcoin Betting 2024 - The Ultimate Beginner's Guide

Bitcoin Betting: How Do They Differ from Regular Betting? Are There Special Bonus Offers? Which Providers Top the List? In this article, you'll find all the essential information at a glance. Dive into the world of Bitcoin betting and discover what sets it apart!

The Best Bitcoin Betting Providers in Direct Comparison

For individuals interested in sports betting with Bitcoin, choosing a trustworthy and fair provider for crypto betting is essential. There's an abundance of platforms offering bets on various sports events, but not all are equally suitable. Therefore, we conducted a thorough examination of the leading Bitcoin sports betting providers and identified the best options.

In this analysis, TrustDice emerged as an outstanding Bitcoin sports betting provider and test winner. Alongside TrustDice, we also identified other providers suitable for sports betting with Bitcoin. It's noteworthy that some of these providers are also recognized as excellent Bitcoin casinos.

A key advantage of these established providers is the mature quality of their sports betting offerings. The following are detailed presentations of the top providers for crypto sports betting.

1. TrustDice

TrustDice is not only a leading Bitcoin casino, but also a top choice for sports betting with Bitcoin. With a Curaçao license, TrustDice offers a secure and trustworthy environment. In addition to Bitcoin, other cryptocurrencies such as EOS are accepted. The sports betting section is characterized by various sports and leagues, with competitive odds and a wide selection of betting markets. TrustDice offers an extensive selection of casino games and constantly expanding game libraries. New customers are welcomed with a generous welcome bonus including free spins.

• Leading Bitcoin sports betting provider
• Curacao license ensures security and trustworthiness
• Accepts Bitcoin and other cryptocurrencies like EOS
• Wide range of sports and betting markets with competitive odds
• Extensive and constantly expanding selection of casino games
• Attractive welcome bonus for new customers

2. Gamdom

Gamdom Casino, active since 2016 and licensed by the Curacao eGaming License Authority, is known for its variety of games and robust security measures. It offers a wide range of gambling options, including sports and eSports betting with attractive odds. The platform accepts various payment methods, including multiple cryptocurrencies. Gamdom is distinguished by its provably fair system, efficient customer support, and user-friendly interface. With its attractive bonuses and rewards, Gamdom Casino is a recommended choice for online gambling enthusiasts.

• Licensed and secure
• Wide selection of gambling options, including sports betting
• Accepts multiple payment methods, including cryptocurrencies
• Provably fair system and strong security measures
• Attractive bonuses and rewards
• Efficient and responsive customer support

3. Gunsbet

Gunsbet Casino offers a unique gaming experience with a Wild West theme and a huge selection of over 1,500 games. The casino supports a variety of payment methods, including cryptocurrencies, and emphasizes player security. With attractive bonuses, including a no-deposit bonus and a generous welcome bonus, Gunsbet stands out as an appealing choice for online gambling.

• Wild West theme with over 1,500 games
• Supports numerous payment methods, including cryptocurrencies
• Attractive bonuses, including no-deposit and welcome bonuses
• Sports betting with a variety of sports and betting markets
• Efficient and multilingual customer support

4. Cloudbet

Cloudbet, established in 2013, is a well-established provider of crypto casino games and sports betting. The platform offers a wide range of sports, including live betting, with competitive odds. Cloudbet is known for its user-friendliness and the integration of various cryptocurrencies for fast transactions. The casino's offerings include a vast array of games, featuring numerous slots and table games. New users are welcomed with a generous bonus of up to 5 BTC, complemented by ongoing promotions and unique offerings like "Zero Margin Sports."

• Established crypto casino and sports betting provider (founded in 2013)
• Extensive range of sports and betting markets, including live betting
• Competitive odds and efficient cryptocurrency integration
• Wide selection of casino games and live dealer options
• Welcome bonus of up to 5 BTC and regular promotions
• "Zero Margin Sports" for fee-free betting

5. Bitstarz​​​​​​​​​

BitStarz, an award-winning multi-currency online casino licensed under the government of Curacao, offers an outstanding gaming experience. The platform accepts both crypto and fiat currencies and boasts an impressive selection of over 4400 games, including slots, table games, and live dealer games. A special feature is the generous welcome bonus of up to 5 BTC along with additional deposit bonuses. The interface is modern and user-friendly, and the VIP club offers additional benefits. Although BitStarz does not offer sports betting, it stands out for its extensive casino offerings, security measures, and diverse payment methods.

• Licensed and award-winning multi-currency online casino provider
• Extensive game selection with over 4400 titles
• Accepts crypto and fiat currencies
• Attractive bonuses and promotions, including a generous welcome bonus
• Modern, user-friendly interface
• Exclusive VIP club with additional benefits
• Strong security measures like SSL encryption and two-factor authentication

6. Betplay

Betplay.io, a modern and dynamic online casino specializing in Bitcoin and other cryptocurrencies, offers an impressive gaming experience that especially appeals to crypto enthusiasts. Licensed under the government of Curacao, it provides a solid legal framework. Betplay.io stands out for its acceptance of various cryptocurrencies, with Bitcoin being the focal point. With over 3000 games, including popular slots, table games, and a live casino, Betplay.io caters to every type of player. A key feature is the attractive welcome bonus, often paid out in Bitcoin, making the platform even more appealing to cryptocurrency enthusiasts. The interface is modern and intuitive, ensuring a seamless gaming experience. Additionally, Betplay.io offers a VIP club, providing loyal players with extra benefits and rewards.

• Licensed under the government of Curacao, specialized in Bitcoin betting
• Accepts Bitcoin and other cryptocurrencies for deposits and withdrawals
• Over 3000 games, including slots, table games, and live casino
• Attractive welcome bonus, often in Bitcoin
• User-friendly and modern platform
• VIP club for loyal players with additional rewards
• Strong security measures like SSL encryption and two-factor authentication

7. 7Bit

7Bit Casino, an established online casino since 2014, offers a comprehensive gaming experience based on the use of cryptocurrencies. Licensed by the Curacao Gaming Authority, it ensures a safe and fair gaming environment. 7Bit stands out for accepting a wide range of cryptocurrencies, including Bitcoin, Ethereum, and Litecoin, while also offering traditional fiat currency options. The platform supports fast and secure transactions, a key concern of the online gambling community. With extensive offerings in Bitcoin betting, 7Bit has made it onto our list of the best bookmakers with cryptocurrencies.

• Licensed by the Curacao Gaming Authority for a safe and fair gaming environment.
• Accepts a wide range of cryptocurrencies as well as fiat currencies.
• Offers over 3000 games from more than 100 renowned game studios.
• User-friendly, multilingual platform with multi-platform compatibility.
• Commitment to responsible gaming with self-restriction and self-exclusion options.

8. Fortunejack

FortuneJack Casino, licensed since 2014 by the government of Curacao, is a leading crypto casino known for its diverse selection of over 2000 games, including slots, table games, and an extensive live casino. It offers attractive bonuses such as 100 free spins without a deposit and a welcome bonus of up to 6 BTC. Additionally, there is a rewarding VIP program with cashback and reload bonuses. FortuneJack allows betting on sports and eSports events and accepts multiple cryptocurrencies for quick transactions. The customer service is efficient, although response times may vary.

• Licensed crypto casino with over 2000 games.
• Attractive bonuses, including 100 free spins without deposit and up to 6 BTC welcome bonus.
• Diverse VIP program with cashback and reload bonuses.
• Betting on sports and eSports events.
• Accepts multiple cryptocurrencies for fast and secure transactions.
• Efficient customer service with variable response times

9. 0xBet

0x.bet, a crypto casino and betting platform, has established itself as a popular choice for online gambling since its inception. Licensed and regulated by the government of Curaçao, 0x.bet offers a comprehensive gaming experience that includes sports betting, casino games, and live betting with Bitcoin. The range extends from football and basketball to tennis and cricket, complemented by a variety of casino games like slots, table games, and live dealer games. 0x.bet is known for its high security standards, ensuring the safety of personal and financial information.

• Licensed and regulated by the government of Curaçao.
• Comprehensive range of crypto sports betting, casino games, and live betting.
• Wide variety of casino games, including live dealer options.
• Diverse bonus offers, including welcome and deposit bonuses.
• VIP status and loyalty program with exclusive benefits and rewards.
• High security standards to protect personal and financial information.

10. BC.Game

BC.Game Casino, one of the largest online casinos with significant financial turnover, offers a comprehensive gaming experience, mainly in the world of cryptocurrencies. It features high security standards and a wide range of games, including slots, roulette, blackjack, betting, video poker, bingo, baccarat, jackpot games, live games, eSports betting, and crash games. Unique is the deposit bonus of 180% up to $20,000, with a minimum deposit of $10 and unlimited maximum payout. BC.Game supports many cryptocurrencies and has a complex bonus and loyalty system, making it an attractive choice for Bitcoin enthusiasts.

• One of the largest online casinos with high financial turnover
• Extensive game selection for Bitcoin betting, including eSports betting
• Attractive deposit bonus of 180% up to $20,000
• Supports many cryptocurrencies and is Bitcoin-friendly
• Complex bonus and loyalty system

Introduction to Bitcoin Betting

In the world of online gambling, the advent of cryptocurrencies, especially Bitcoin, has heralded a new era of betting. Bitcoin betting offers a blend of anonymity, security, and flexibility often challenging to find with traditional currencies.

This form of betting has quickly become a popular choice for players worldwide, looking for an efficient and secure way to place their bets online.

The Significance of Bitcoin in Online Betting

Bitcoin has revolutionized online betting by providing a decentralized currency that allows users to bet directly without the need for an intermediary.

This independence from traditional banking institutions means lower transaction fees and faster processing times for deposits and withdrawals.

Moreover, Bitcoin offers increased anonymity, which is of great importance to many online bettors. This anonymity ensures that personal and financial information remains secure, a crucial aspect in the digital age.

A Brief History of Bitcoin and Its Impact on Betting

Bitcoin, the first and most well-known cryptocurrency, was introduced in 2009 and has since fundamentally changed the way we think about money and transactions in the digital space. Originally conceived as an alternative currency not controlled by governments or central banks, Bitcoin quickly gained popularity. In the realm of online betting, Bitcoin has brought about significant change.

It has introduced a new level of transparency and fairness, as the blockchain technology underlying Bitcoin is known for its immutability and transparency. This has bolstered users' trust in online betting platforms, while simultaneously creating new opportunities for betting providers to offer their services globally.

Bitcoin Betting Compared to Traditional Currencies

The introduction of Bitcoin into the world of online gambling has brought about a significant shift in how bets are placed and processed. Compared to traditional currencies, Bitcoin offers a range of unique advantages that make it an attractive alternative for online gambling. These differences are rooted not only in the nature of the currency itself but also in the underlying technologies and processes.

Advantages of Bitcoin in Online Gambling

One of the biggest advantages of Bitcoin in online gambling is the increased speed of transactions. Deposits and withdrawals can be almost instantaneous, which is often not the case with traditional banking methods. This means that players can access their winnings faster and streamline their gaming strategies more efficiently.

Another key advantage is the lower transaction fee. Since Bitcoin transactions do not involve traditional banks, they frequently incur lower fees, making it more cost-effective for players. Additionally, Bitcoin offers greater anonymity, as transactions are not directly linked to personal bank accounts, protecting users' privacy.

Security Aspects of Betting with Bitcoin

When betting with Bitcoin, security aspects play a central role. The underlying blockchain technology of Bitcoin is known for its security and immutability. Each transaction is recorded in a public ledger, making manipulations nearly impossible. This increases users' trust in the fairness of the games and transactions.

Furthermore, the anonymity of Bitcoin transactions provides additional protection against identity theft and other forms of online fraud. However, it's important to note that security also depends on the safety of the wallets and platforms used. Users should always ensure they choose a trustworthy and secure Bitcoin wallet and betting platform.

Guide for Beginners: Getting Started with Bitcoin Betting

Bitcoin betting might seem intimidating for beginners, but with the right knowledge and tools, getting started is easier than you might think. This guide is designed to help beginners understand the basics of Bitcoin and walk them through the process of buying and using Bitcoin for betting, step by step.

Basics: What is Bitcoin and How Does it Work?

Bitcoin is a form of digital currency introduced in 2009. It's a decentralized currency, meaning it's not controlled by a central authority like a government or bank. Instead, Bitcoin relies on a technology called blockchain, a distributed ledger that records all transactions and ensures that each transaction is unique and secure.

Bitcoins are generated through a process called “mining,” which involves solving complex algorithms. Users can also directly purchase, hold, and use Bitcoin as a means of payment for goods and services, including online betting.

Step-by-Step Guide to Buying and Using Bitcoin for Betting

1. Set Up a Bitcoin Wallet: The first step is to create a digital wallet where you can store your Bitcoins. There are various types of wallets, including online wallets, mobile wallets, and hardware wallets. Choose a wallet that suits your needs and is considered secure.
2. Buy Bitcoin: You can purchase Bitcoin through various online platforms, including exchanges and specialized cryptocurrency platforms. You'll need to register, verify your identity, and set up a payment method, such as a bank transfer or credit card.
3. Transfer Bitcoin to Your Wallet: After purchasing, you should transfer your Bitcoins to your personal wallet. This increases security, as you then have full control over them.
4. Pick a Betting Portal That Accepts Bitcoin: Select a bookmaker that suits you from our list or read the short portraits below to get a better picture of our top providers.
5. Deposit with Bitcoin: Follow the betting portal's instructions to transfer Bitcoin from your wallet to your betting account. This is usually done by scanning a QR code or entering your wallet's address.
6. Place Bets: Once your deposit is confirmed, you can start placing bets with Bitcoin.

How can you start betting with Bitcoin?

Theoretically, starting with Bitcoin sports betting is simple. Nevertheless, there are a few tips that can make it noticeably easier to get started. Below, you will find step-by-step instructions on how to get started efficiently.

1. Find the best bitcoin betting provider

If you already have a Bitcoin wallet, you can start looking for the right booker for your Bitcoin bets. There are many aspects to consider with betting providers so that you can find the best provider for your needs. However, there are a few features you should always pay attention to:

2. Set up your account

Once you have found the right provider, you can start to register. Usually, the button for registration is visible and located at the top of the homepage. When registering, your wallet ID must be entered so that transactions can be carried out.

You should pay attention to whether the provider offers a bonus with bonus code. The bonus code often has to be entered during registration so that the bonus amount is credited to you after registration. This is mostly the case when it comes to a no-deposit bonus.

3. Choose a game that you like

Now it's time to find the right game for your Bitcoin bet. Basically, you should choose a sport that interests you and of which you have good knowledge. The specific game should also be well-chosen, maybe your favorite team is playing or there is a match-up that you have dealt with in detail.

4. Do your bet

When you have finally decided on a game, the time has come, and you can place your bet. It is important to consider which team or player you want to bet on. Specific bets are also possible, so you can not only bet on the winner, but also on a specific game result.

You should make the amount of your stake dependent on your personal budget. How sure you are about the outcome of the game can also affect the amount of your bet. So, it makes sense to place higher Bitcoin bets if you have informed yourself well about the game and are confident that your prediction will come true.

The best sports for bitcoin betting

In case you need help with the initial orientation, we present the most popular sports for Bitcoin betting below. Who knows? Maybe your favorite sport is already included.

1. Soccer

King soccer rules not only in the stadiums of the world, but also in the virtual betting shops. Soccer is one of the most popular games for sports betting worldwide. This is also reflected in Bitcoin betting. In the classic way, bets can be placed on the victory of the favored team or on a draw. Over time, however, a further differentiation was added, so that with today's Bitcoin betting you can also bet on specific results.

Among other things, it is very popular to bet on the number of goals to be scored, regardless of the team. Popular odds include 0.5; 1.5; 2.5; 3.5. This may seem complicated at first glance, but it is briefly explained: As a rule, an under and an over bet is specified for a game. The player now selects a quota and bets whether it will fall below or exceed it.

For example, if Bremen plays against Schalke, you can bet that the goals will be under the odds of 2.5. If the game then scores two or fewer goals, the bet is won. The odds of 2.5 are also the most popular with most players, as they reflect an average result for both over and under.

2. Basketball

Basketball enjoys great popularity, especially in the US. However, the ball sport is also slowly establishing itself among sports betting fans in Germany. Similar to soccer betting, the most popular bet is on the victory of a team. Nevertheless, under and over bets on odds can also be placed without any problems.

3. Horseracing

Betting on horse races has a decades-long tradition. So, it's no wonder that this sport is also very popular for Bitcoin bets. There are also many options open to the player as to how they can bet on their “best horse”.

The classic variant is, of course, to bet on your personal favorite taking first place. However, this approach can be quite risky. The “Place” variant offers more leeway - the bet is considered won if the horse comes in first or second place. Another exciting method is to determine the top 3 in the correct order. However, this type of bet requires that you are familiar with the performance and qualities of the individual horses and riders.

4. Tennis

Bitcoin bets on tennis work just like football bets. Again, there are odds to bet on, making for an appealing variety of different betting opportunities. In contrast to team sports, however, a closer look should always be taken at the daily form of the respective players. The player's success depends solely on himself and the result cannot be influenced by any team dynamics.

5. Tips and Tricks

Finally, we offer you some helpful tips and tricks that can help you get started with Bitcoin sports betting. These are hints useful for all types of players:

1. Use bonus offers: Almost every digital betting shop has attractive bonus offers available to new customers. Such a bonus can give you a great advantage and ensure that you may already get the first winning bet before you have even deposited your Bitcoin with the booker. A no deposit bonus is best for new players as it only requires signing up with the bookmaker. In return, you receive a fixed amount that you can invest in the first bets. So, you can try the providers without obligation and without risk.
2. Don't just bet on your favorite team: Most sports are genuinely emotional affairs for fans, and you want to be loyal to your favorite team. However, this setting should be discarded in most cases when betting. So, you should always pay attention to whom the favorite is and what form both teams are in. This is the best basis for estimating which outcome to bet on.
3. Gather information about the players in advance: Sports betting is mostly not about luck. Of course, the daily form of the team can often lead to unexpected results - but if you want to be successful in the long-term bitcoin betting, you must always stay up to date. This way, the chance factor can be kept as small as possible and lasting success in betting can be achieved. Basically, it is important to pick an announced match and gather a lot of information in advance: Which team is currently on a winning streak? Are there any absences due to illness? Does home field advantage play a role? Thus, prepared, confident bets with good chances of success can be placed.
4. Making the right bet: Finding the appropriate bet depends on several factors. Firstly, you should keep your budget in mind. In addition, it is more worthwhile to place larger bets if you are relatively certain that your forecast is correct. Another strategy is to bet on multiple games with smaller stakes and make a profit on the overall result.

Practical Tips and Strategies for Bitcoin Betting

Ready to dive into the exciting world of Bitcoin betting? Perfect! Here you'll find valuable tips and strategies to optimize your betting experience. Whether you're an experienced player or just starting out, these pieces of advice will help you bet smarter and safer.

Advanced Strategies for Bitcoin Betting

If you're already familiar with the basics, it's time to elevate your betting game to the next level. Here are some advanced strategies:

1. Diversify Your Bets: Don't put all your eggs in one basket. Spread your stakes across different games and markets to minimize risk.
2. Leverage Bitcoin's Volatility: Bitcoin prices can fluctuate significantly. Use this volatility to your advantage by holding your winnings in Bitcoin when the price is low and converting them when the price rises.
3. Follow Trends and Analysis: Stay informed about the latest trends in sports and the crypto world. Use this information to place well-informed bets.
4. Set Limits: Even the most experienced bettors can get caught up. Set clear limits for wins and losses to ensure you play responsibly.

Common Mistakes and How to Avoid Them

Even seasoned players can fall into traps. Here are some common mistakes and how you can avoid them:

1. Excessive Betting: Don't bet more than you can afford to lose. Responsible gambling is key to success.
2. Insufficient Research: Do thorough research on teams, players, and betting conditions before placing a bet.
3. Emotional Decisions: Don't let emotions drive you. Make your bets based on facts and analysis, not on gut feelings.
4. Neglecting Security: Always ensure that your Bitcoin wallet and betting accounts are secure. Use strong passwords and two-factor authentication.

Esports Betting with Bitcoin

Esports betting with Bitcoin offers an exhilarating way to immerse yourself in the emerging world of electronic sports while leveraging the benefits of cryptocurrency.

Using Bitcoin as a payment method, you can place bets quickly and securely without worrying about cumbersome bank transfers or currency conversions. Esports enthusiasts can choose from various games and tournaments to bet on, supporting their favorite teams or players.

The decentralized nature of Bitcoin also ensures the anonymity and security of your transactions while you enjoy the excitement and adrenaline of esports. Dive into this fascinating world and place your bets on your favorites with Bitcoin – a bet that is both entertaining and forward-looking.

Current Developments and Future Outlook

Curious about what the future holds for Bitcoin and online betting? You're not alone! The world of online gambling is constantly evolving, and Bitcoin is playing an increasingly significant role. Let's take a look at the latest trends and peer into the future together.

Latest Trends in Bitcoin and Online Betting

In the world of online betting, innovations are continuous, and Bitcoin often stands at the forefront of these developments. Here are some of the hottest trends:

1. Increased Acceptance of Cryptocurrencies: More and more online casinos and betting platforms are accepting Bitcoin and other cryptocurrencies. This trend indicates that cryptocurrencies are becoming increasingly mainstream.
2. Integration of Blockchain Technology: The transparency and security of blockchain technology are being increasingly utilized to enhance the gaming experience and strengthen user trust.
3. Smart Contracts in Betting: Smart contracts, automated agreements on the blockchain, are starting to play a role in online betting. They enable faster and more secure settlement of bets.
4. Anonymity and Privacy: With growing awareness of privacy issues, more players are investigating how to remain anonymous. Bitcoin offers an ideal solution for this.

Future Prospects for Bitcoin in the Gambling Sector

The future looks bright for Bitcoin in the gambling sector. Here are some predictions:

1. Continued Growth: The popularity of Bitcoin in online gambling is expected to continue to rise as more players recognize the benefits of cryptocurrencies.
2. Innovations in Gaming Technology: Expect exciting new games and betting formats specifically designed for the use of Bitcoin and blockchain.
3. Regulatory Changes: With the growing acceptance of Bitcoin, legal frameworks might also evolve to better integrate cryptocurrencies.
4. Global Expansion: Bitcoin makes online betting borderless. Players from all over the world can participate, leading to an even larger and more diverse online betting community.

Conclusion and Summary Summary of Key Insights

Let's now summarize what we've learned about Bitcoin betting.

Bitcoin is revolutionizing the world of online betting – it offers you anonymity, security, and fast transaction processing for your bets. It's no surprise that more and more betting enthusiasts are turning to Bitcoin!

We've seen how Bitcoin makes betting easier and more accessible, far from traditional banks and their fees. Particularly impressive is the security guaranteed by blockchain technology – your bets are safe from manipulation. And if you're new to the world of Bitcoin betting, don't worry! We've got a simple guide to make your entry easier.

Outlook on the Development of Bitcoin Betting

The future looks bright for Bitcoin betting. With the growing popularity of cryptocurrencies, we're likely to see more betting platforms accepting Bitcoin. This means more choices for you and even more exciting betting opportunities.