Bitcoin Betting - The Ultimate Beginner's Guide

Online betting enjoys great popularity, as it enables exciting betting experiences at home. There is no need to visit a betting office, which makes online betting extremely flexible. In addition, the full selection of providers, sports and games is available. However, a lot has happened in the online betting market. The cryptocurrency Bitcoin has established itself in the field of online betting, so that there are now numerous providers who offer Bitcoin betting and have even specialized in it.

This Bitcoin betting guide is aimed at all players who are interested in starting Bitcoin betting. It is a good idea both for players who want to switch to Bitcoin and for those who already own the popular cryptocurrency and are interested in sports betting. In the following, we will first show you what advantages Bitcoin betting brings and how to place your first bet. After that, we will introduce you to the most popular sports for Bitcoin betting so that you can choose the one you like the most. Finally, we offer some helpful tips and tricks to get you started with bitcoin betting.

Best Bitcoin Betting Sites in 2021

100% up to:
5 Bitcoin
Welcomebonus
4.8 rating
4.8
T&Cs Apply
New customer offer

- Minimum deposit 0.01 BTC
- The Cloudbet bonus is released through Loyalty Points
- After receipt, the amount must be released within 365 days
100% bonus up to:
1 Bitcoin
+ 180 Freespins
.
4.8 rating
4.8
T&Cs Apply
New customer offer

- Maximum win from free spins is €100
- The BitStarz bonus must be wagered a total of 40 times
- Free spins must be used within 24 hours
up to:
7 Bitcoin
on the first 4 deposits
Bonuscode: BTCASINO125
4.5 rating
4.5
T&Cs Apply
New customer offer

- Minimum deposit 20 mBTC
- Bonusbedingungen von Spielen abhängig - Bonuscode: BTCASINO125
Up to:
500 €
+ 30 Freespins.
4.5 rating
4.5
T&Cs Apply
New customer offer

- The bonus must be wagered a total of 30 times
- Minimum deposit of € 15
- Bonus must be wagered within 30 days

Why should you prefer bitcoin betting?

Compared to sports betting with traditional fiat currencies, Bitcoin betting offers several advantages that can neatly enhance the betting experience of players:

Fast transactions enable high flexibility

Bitcoin is characterized in the betting sector primarily by the high speed with which transactions are carried out. Since the procedure is exclusively digital and there are no intermediary control instances, transfers are completed instantly. This feature offers players a high degree of flexibility. So if you happen to find a game that interests you at your betting provider and you think you have a good chance of winning, it's no problem to get in quickly.

Bitcoin betting offers players a lot of security

Since no personal data has to be provided for the use of Bitcoin, this cryptocurrency offers a high level of security - also for sports betting with online bookmakers. Since all transactions take place via the Bitcoin wallet, the private data is also secure when betting with Bitcoin, so that it cannot fall into the hands of third parties and data misuse is ruled out.

Also, well-known fraud methods, such as fraud when transferring money back to a credit card, cannot occur with Bitcoin betting. This way, players can also enjoy a high level of security regarding the whereabouts of their cryptocurrency.

How to Start Bitcoin Betting - A Step by Step Guide

Getting started with Bitcoin betting is quite simple in principle. However, there are some tips that can make the start noticeably easier. Below you will find a step by step guide 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 bookie for your Bitcoin bets. With betting providers, there are many aspects to consider so that you can find the best provider for your needs. However, you should always pay attention to some features:

  • Selection of sports: The offer of the bookie is particularly important. Of course, you would prefer to bet on sports that interest you and with which you are well acquainted. For this reason, you should thoroughly check the bookmaker's offer before signing up. This way you can avoid the annoying moment when you want to bet on tennis, for example, but exactly this game is not offered.
  • Take advantage of bonus offers: Many Bitcoin betting sites offer new customers a bonus. If new players take advantage of this, it can ease their entry immensely. For example, a common type is a no deposit bonus which you can use to make your first bets. So, if you find a bookie that has lucrative welcome offers for you, you will get an attractive jump start so that you can get started right away.
  • Look for the seriousness: It is equally important that the provider is reputable. Bitcoin is a very valuable cryptocurrency whose price is constantly rising. For this reason, your Bitcoin should be in good hands and protected from fraud attempts. When looking for the right bookie, you play it safe if you check whether the provider has a state gambling license. Betting providers have to fulfill high requirements in order to receive these licenses, which speaks for a high level of seriousness. Generally, providers with a license from Malta or Curacao are recommended. These gambling licenses are commonly perceived as high-quality security guarantors.
  • A suitable customer service: The customer is king. This should also apply to Bitcoin betting sites. As a rule, you should prefer providers who offer reliable support. It provides security when competent employees are available to answer your questions and solve your problems. This is especially important for new players, as they are not yet familiar with the processes. Make sure that the bookmaker offers live chat, email contact or a hotline.

2. Set up your account

Once you have found the right Bitcoin betting site, you can start to register. Usually, the button for registration is clearly 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. Often, the bonus code must already be specified during registration so that the bonus amount is credited to you after registration. This is usually 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 Bitcoin betting. Basically, you should choose a sport that interests you and in which you have good knowledge. The specific game should also be well chosen, maybe your favorite team plays or there is a match-up with which you have dealt in depth.

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 bet not only on the winner, but also on a specific match result. The amount of your bet should depend on your personal budget. Also, how sure you are about the outcome of the game can influence the amount of your bet. Thus, it is a good idea to place higher Bitcoin bets if you are well informed 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 the area of 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.

For example, it is very popular to bet on the number of goals to fall regardless of the team. Popular odds are, for example, 0.5; 1.5; 2.5; 3.5. This may seem complicated at first glance, but it is quickly explained: As a rule, an under and an over bet is specified for a match. The player now chooses an odds and bets whether it will be under or over. For example, if Bremen plays against Schalke, you can bet that the goals will be under the odds of 2.5. If there are two or less goals in the match, the bet is won. At the same time, the odds 2.5 is also the most popular with most players, as it reflects an average result both as an over and as an under.

2. Basketball

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

3. Horseracing

Betting on horse races has decades of tradition. So it's no wonder that this sport is also very popular for Bitcoin betting. In doing so, players also have many options open to them as to how they can bet on their "best horse". The classic variant is, of course, to bet on the personal favorite making the first place. However, this approach can be quite risky. The "place" variant offers a greater scope - here the bet is considered won if the horse makes the first or second place. Another exciting method is to determine the top 3 in the correct order. However, this type of bet requires a good knowledge of the performances and qualities of the individual horses and riders.

Pferderennen

4. Tennis

Bitcoin betting on tennis works quite similar to soccer betting. Here, too, there are odds to bet on, which provides for an appealing variance of different betting opportunities. Unlike team sports, however, a close look should always be taken at the daily form of the respective players. Thus, the success of the player 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 betting. These are tips that are useful for all types of players:

  1. Take advantage of bonus offers: Just about every Bitcoin betting site offers attractive bonuses to new customers. Such a bonus can give you a great advantage and make sure that you may already collect the first winning bet before you have even deposited your own bitcoin at the bookie. The best option for new players is a no deposit bonus, as it only requires you to sign up with the bookmaker. In return, you will receive a fixed amount that you can invest in your first bets. This way you can try out the provider without obligation and risk.
  2. Don't just bet on your favorite team: Most sports are very emotional affairs for fans and you want to be loyal to your favorite team. However, this attitude should be discarded in most cases when betting with Bitcoin. Thus, attention should always be paid to who is the favorite and what form both teams are in. On this basis, it is best to estimate on which result should be bet.
  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 right bet depends on several factors. First of all, your own budget should be kept in mind. In addition, it is more worthwhile to place higher bets if you are relatively sure that your forecast is correct. Another strategy is to bet on several games with smaller stakes and make profits in the overall result.

With the right preparation, bitcoin betting offers excitement and a sense of achievement

Overall, Bitcoin betting is a rewarding activity for owners of the popular cryptocurrency. With good preparation and a bit of luck, it is possible to make profits quite consistently. This is especially rewarding in the case of cryptocurrency, as the price is constantly growing. The range of different providers and sports is also considerable, so everyone should find a suitable betting offer for themselves. The most important thing is to choose the right provider, which preferably offers attractive bonuses for new customers. With sufficient preparation, this starting credit can be used to successfully place the first bets.

FAQ

Here you can find the most frequently asked questions regarding bitcoin betting.

How do I buy Bitcoin for betting?

The process of buying Bitcoin for betting is no different from regular purchases. After registering with an exchange, you can buy Bitcoin or other cryptocurrencies in exchange for fiat currency, which you then transfer to your wallet at a betting provider.

Which bitcoin exchanges accept betting site payments?

In generel, all exchanges accept cryptocurrency payments. Control is virtually impossible, as the individual wallets have a certain degree of anonymity that makes tracing back to a betting site almost impossible.

How does Bitcoin work for sports betting?

Most bookies do not use full Bitcoin or Ethereum for betting, but use a smaller unit: mBitcoin or mEthereum. With the rising prices of cryptocurrencies, it's easier to keep track of them.

The best online casinos for Bitcoin betting

Although you have now received the most important information about Bitcoin betting, you are still missing one key tip to get started: the best casinos for Bitcoin betting. For this reason, you will find a selection of providers that offer you the best conditions for bitcoin betting below. The main focus is on bookers that offer a particularly large or high-quality portfolio of bitcoin bets. Another criterion is the bonus offer, as a strong bonus can make your entry into betting immensely easier. In addition, reliable customer service and the license are also taken into consideration.

1. Cloudbet: Bitcoin betting on cloudbet!

The most important advantages at a glance:

  • Practical and easy to use interface
  • Varied game selection, which covers most sports
  • Extensive bonus offer of up to 5 Bitcoin

The first provider in this listing is Cloudbet. An experienced booker that specializes in sports betting with Bitcoin. Even the first glance looks promising - the layout of the homepage is very clear, which should help especially new players to find their way around. You can switch between sports betting and the casino at the top of the screen, while currently running games are displayed in the center of the page. The exciting thing is that you can also switch back and forth between the individual sports here. This provides a good overview and allows players to quickly and spontaneously access interesting bitcoin bets.

The number of represented sports is also impressive. The most popular sports at Cloudbet include soccer, tennis, basketball and baseball, which covers the most important points. However, the list of other sports is also impressive. With bets for golf, boxing, football and many other sports, Cloudbet can also serve many niches and expert wishes.

So far, Cloudbet offers a strong foundation that can entertain sports betting fans for a long time and provides everything that is needed. However, an important aspect for new players is the bonus offer, as it can make getting started a lot easier by providing additional seed money. This offer is a deposit bonus that can include up to 5 bitcoin. This is a very generous amount that makes signing up to Cloudbet worthwhile.

The special feature, however, is that the entire amount can be received for just one deposit. With many providers, the bonus is credited over up to four individual deposits - not so with Cloudbet, where players are provided with the entire bonus at once. Thereby, the deposit bonus follows a rate of 100%. This means that you need to make a deposit of 5 Bitcoin to get the full benefit of the bonus. However, if you like Cloudbet and are willing to make this deposit, you can get started with an impressive 10 Bitcoin at the casino.

2. Gunsbet: Bitcoin betting like in the Wild West

The most important advantages at a glance:

  • Coherent design and exciting atmosphere
  • Varied selection of games
  • No transaction fees for Bitcoin

The next crypto casino that offers an attractive range of Bitcoin sports betting is Gunsbet. Even the basic design of the homepage makes an interesting impression, as it is designed in a Western style. As a player, you immediately feel reminded of cowboy movies and exciting games of chance in the saloon. So, fans of westerns will find their perfect place to enjoy bitcoin betting in a coherent environment. But what sports does Gunsbet provide for players?

In this regard, you can be quite reassured, the western look does not distract the provider from the quality of sports betting. On the contrary, Gunsbet offers a wide selection of the most popular sports. Thus, soccer, basketball, tennis and ice hockey can be found in the provider's portfolio. However, soccer is by far the most popular sport used for bitcoin betting in Gunsbet. However, the selection of less used sports is also impressive. You can also place regular Bitcoin bets on games like football, cricket, boxing or baseball.

If Gunsbet has convinced you so far, the next important question is whether the bonus program also has lucrative offers for you. Indeed, Gunsbet offers a 100% deposit bonus that doubles your first deposit. Thereby, the maximum bonus amount is 0.05 bitcoin. That doesn't sound like a lot compared to the other providers, but when you consider how much the cryptocurrency has increased in value, it still comes to a worthwhile amount. Moreover, you only have to make a minimum deposit of 0.002 bitcoin for this bonus. This way, the bonus can be accessed quickly without having to make too big of a deposit. This makes the bonus especially suitable for new players.

Another advantage that is particularly important for Bitcoin users are the non-existent fees at Gunsbet. With the Coins Paid payment service, the provider does not charge any fees for deposits or withdrawals. This prevents hidden costs from accumulating while you bet on your favorite games at Booker. Especially if you are betting on Bitcoin for a long time, this feature can save you a lot of money.

3. 1xBit: Bitcoin betting with strong bonus for long-term players

The most important advantages at a glance:

  • Extensive bonus offer
  • Huge betting portfolio
  • Professional customer service

1xBit is also a promising sports betting provider that knows how to deal with cryptocurrencies like Bitcoin. The homepage of the provider can look a bit colorful, but that is not surprising considering the rich portfolio. Thus, the sports betting section is mixed with an extensive casino offer. However, it is good that the two sections for sports betting and live sports betting are listed first and can therefore be found quickly.

However, the feature that makes 1xBit one of the best providers for bitcoin betting is the bonus offer. So, new players can get up to 7 Bitcoin in total at 1xBit. However, you cannot receive the bonus in one go. Instead, the amount is divided over four consecutive deposits. The conditions of the individual bonuses also differ. To give you a better overview, we have listed them for you:

  • First deposit 100% up to 1 Bitcoin
  • Second deposit 50% up to 1 Bitcoin
  • Dritte Einzahlung 100% bis zu 2 Bitcoin
  • Vierte Einzahlung 50% bis zu 3 Bitcoin

As you can see, the first deposit bonus offers usual conditions, while the second bonus is subject to somewhat weaker conditions. It gets interesting with the last two bonuses. Thus, the third deposit can convince with a premium of 100% up to 2 bitcoin. This means that if you deposit 2 Bitcoin, the amount is doubled and you have a whole 4 Bitcoin at your disposal. Finally, for the last deposit you can get 3 Bitcoin, but at a weaker rate of 50%. However, if you have been loyal to 1xBit for so long, this bonus is a strong conclusion to the bonus package.

Another strength of 1xBit is its well-developed customer service. So, you can access the live chat at any time, where you will be quickly helped with questions and problems regarding bitcoin betting. The alternative is to contact the 1xBit team via email. However, the provider does not limit itself to just one address, but offers several specialized ones. Thus, you can directly address your questions to an expert for qualified answers.

4. Bettilt: Well sorted and on the pulse of time

The most important advantages at a glance:

  • International offer of Bitcoin betting for soccer
  • Extensive portfolio in the e-sports sector
  • Strong license from Curacao speaks for seriousness

The last provider on this list is Bettilt. A particular strength of the booker is in the area of Bitcoin betting for soccer. This feature is already apparent at the first glance at the website. Thus, there is a clear listing of the different leagues on the left edge of the screen. This ranges from the German Bundesliga to the UEFA Champions League and the Premier League. Thus, you also have a large selection of international games at your disposal. In addition, you can also concentrate on your favorite league without having to laboriously search for the right games from the entire game offer. But Bettilt can also convince with regard to the other games and offers popular sports like tennis, basketball and football.

In addition, the large section that focuses on e-sports should be mentioned positively. So, if you are not a fan of traditional sports and feel that you belong to the gamer scene, you will be well served in this respect as well. You can bet on a whole range of popular online titles at Bettilt. For example, the selection includes League of Legends, Overwatch, StarCraft, Call of Duty and Rainbow Six, to name just the most popular games.

Finally, we would like to point out the high professionalism and seriousness of Bettilt. The provider has a gambling license from Curacao. This is issued exclusively by the state. Accordingly, gambling and betting providers have to fulfill high requirements in the areas of service and security in order to receive such a license. In addition, there is the good support, which supports players with a fast live chat and an email contact. In addition, the detailed FAQ has to be mentioned positively. This allows players to inform themselves about frequently arising questions, which can save time.

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