An Introduction to Bitcoins

• Bitcoin Sports Gambling Sites Websites
• Bitcoin Sports Gambling Sites Games
• Bitcoin Sports Gambling Sites For Us Players

It started as a sports betting website but has quickly grown into one of the most popular Bitcoin sites on the web. The website hosts hundreds of games, all separated into slots, blackjack, video poker, table games, and live casino. The best online gambling sites in 2021, ranked by experts. Legit, honest reviews of top rated betting sites, online casinos and other gambling websites. Bitcoin and crypto gambling sites have a lot of benefits over traditional online casinos. You get bigger deposit bonuses, less location restrictions, less fees, and safer transactions to name a few. Bitcoin gambling comes in many forms, ranging from online casinos with video slot machines and live dealers, dice, sports betting and poker sites. Since there are so many avenues to gamble with bitcoins, our goal is to keep the bitcoin community up to date on the best environments for bitcoin gambling by doing all of the research for you. The United States government has made it difficult for online poker sites to deal with traditional banking institutions, so Bitcoin and online poker is a match made in heaven. Bitcoin allows online poker sites to lower their cost and time required to facilitate deposits and withdrawals between players and their online poker account.

Bitcoin is the most popular cryptocurrency currently used around the world today. With over 2.5 million users and an ever growing community, bitcoins are rising in value with no signs of stopping. Conceptualized in 2008, bitcoins are a fresh currency with exceptional potential. Utilizing world famous security protocols, quicker transactions than established banking, low-cost fees and full pseudonymity, bitcoins are emerging as a popular alternative to common currencies. By improving on many elements that currencies around the world suffer from today such as inflation and manipulation, Bitcoin has brought the next production of stabilized money in to the forefront. Be aware that bitcoins do not exist in the physical world as actual coins or tender, they are stored entirely in bitcoin wallets, which is essentially a personal bitcoin bank account. However, no banks are implicated in bitcoin resulting in cheaper fees than normal banking.

Bitcoin miners use specific hardware and software to approve all bitcoin exchanges between wallets to verify transaction integrity and also process complex algorithms which release new bitcoins onto the market when solved. Every time the algorithm is solved, a new algorithm is provided to the miners but with added complexity, delaying the release of the next set of bitcoins to prevent inflation. More businesses are accepting bitcoins as a legitimate method of payment every single day; as time progresses the value of a single bitcoin will continue to rise; investing in bitcoins early is a wise and objectively safe decision.

How Do I Get Started?

To get started testing bitcoin, you will at first, need a Bitcoin wallet. A key bit of advice you must bear in mind is that if your wallet is at any time corrupt or lost, you will lose all your bitcoins if you have not backed up your wallet. Please be aware of this when you choose a wallet type.

The three variations of wallets:

• Online wallets → guarda

Online wallets are stored by a third party on their cloud servers. Creating and backing up your bitcoin wallet are simple if you choose a web-based wallet because some online wallet providers keep backups for you while also giving you the option to back up your bitcoin wallet yourself.
This is recommended for new bitcoin users or people with basic computer knowledge.

• Software wallets → exodus

Software wallets are stored entirely on your own computer, but require that you backup your wallet manually. They are more secure than cloud wallets because if the cloud is ever compromised, you run the risk of losing the contents of your wallet.
This is recommended for intermediate/advanced users

• Hardware wallets → ellipal

Hardware wallets are the most secure type of bitcoin wallets. In order to access your bitcoin wallet, you need to have a special piece of software that usually plugs into your computer via USB. You also need to backup this wallet manually. However, it is the most secure solution because nobody can access your wallet unless they have the USB device that unlocks it.
This is recommended for advanced users or people who are storing large amounts of bitcoins.

There are many options available for purchasing bitcoins. You can purchase them with wire transfers, credit cards, money grams, debit cards and even in cash. Be careful when purchasing your bitcoins. Verify that the person you buy them off of has a good reputation in order to avoid fraud and other scams.

Confirmed reputable sites for purchasing bitcoins instantly:

Gravity (Europe)
Coinmama (Worldwide)

Bitcoin & Online Gambling

Online bitcoin gambling can come in a variety of forms. Casino games with live dealers and video slots, dice sites, sports betting and poker are the most popular forms of bitcoin gambling currently available. Many casinos offer welcome bonuses for new and existing players, usually doubling your first bitcoin deposit on their site.

Moreover, many sites provide proof that they are running legitimate bitcoin betting environments by producing evidence for provably fair games. Provably fair (P.F) means that the odds are not overwhelmingly stacked against players, and we highly recommend you take this into consideration before playing.

Many countries around the world have banned either bitcoins or online gambling. To determine whether it is legal to bitcoin gamble in your country, please reference our legality page

Bitcoin Gambling Sites

There are many sites available for bitcoin gambling, each with their own games, bonuses, jackpots and prizes:

Bitcoin Casinos: Blackjack with live dealers, roulette, lottery, dice, baccarat, keno and many other exciting games can be found on the many bitcoin casinos currently available online. When choosing a casino for bitcoin gambling, you should look for game variety, deposit bonuses and a strong customer support team.

➥ Other top bitcoin casino sites can be found here

Bitcoin Poker: The most well-known casino card game on the planet can be played online with bitcoins. Standard Texas Hold ‘Em, Pot Limit Omaha, 7 Card Stud and many more variations are readily available to be played. Consider rake back bonuses, deposit bonuses, bad beat jackpot availability and community size when selecting your poker environment.

➥ Other top bitcoin poker sites can be found here

Bitcoin Dice: Many dice sites utilize provably fair software to verify that each roll is legitimately 50/50. Most dice platforms allow you to configure thousands of rolls in a row, modifying the bet amount after winning or losing which allows players to implement a mathematical strategy into their rolling methods via software automation. When selecting a dice site, you should look for a strong faucet, the house edge percentage and provably fair software.

➥ Other top bitcoin dice sites can be found here

Bitcoin Slots: Video slots can be found throughout the bitcoin gambling community on many sites, each offering different games from several developers. Many bitcoin casinos offer slots along with other casino card games like blackjack. The premier video slots environments will often have fast game load times, a vast array of games available, strong deposit bonuses and an excellent customer service team.

➥ Other top bitcoin video slots sites can be found here

Bitcoin Sportsbooks: Sports enthusiasts have the ability to bitcoin gamble on many different sportsbooks websites. Winning bitcoins with your sports knowledge is easier than ever and many sites support the ability to bet on virtually every major team and individual sport around the world. Be aware that some sportsbooks platforms offer different odds than others.

➥ Other top bitcoin sportsbooks sites can be found here

Crypto Gambling Sites

Whether they come from forks, airdrops or real blockchain projects, cryptocurrencies are seen by critical minds as speculative currencies. Even if they are about to disappear for the most part and there will only be Bitcoin, they are the delight of online casinos in constant search for new and fast methods of payment. Crypto casinos can accept from 1 to several tens of cryptocurrencies.

➥ Other top crypto gambling sites can be found here

Our Bitcoin Casino Reviews

Bitcoin gambling comes in many forms, ranging from online casinos with video slot machines and live dealers, dice, sports betting and poker sites. Since there are so many avenues to gamble with bitcoins, our goal is to keep the bitcoin community up to date on the best environments for bitcoin gambling by doing all of the research for you. Making sure you make an informed decision about where you play is our primary focus. We do so by thoroughly researching and playing on every bitcoin gambling site and using our experiences to deliver unbiased reviews of each site. Using our reviews as a definitive guide, bitcoin community members are finding new and exciting places to play every single day.

To read our bitcoin casino USA reviews, please click here or to browse our entire catalogue of bitcoin gambling reviews, please click here.

• Betting Type

Betting on sports using Bitcoin has become a lot simpler than you can imagine. Recently, sportsbooks have been more accepting of Bitcoin bets and even give out larger bonuses for users who use cryptocurrencies, opposed to those who stick to traditional currencies. It’s also much nicer being able to both play and win in BTC.

We list the Top Bitcoin Sports Betting Sites

#1 – Sports Betting

A global leader in offering world class sports betting, they offer multiple cryptocurrency deposit options including Bitcoin (BTC), Bitcoin Cash (BCH), Litecoin (LTC), Ethereum (ETH), Ripple (XRP) and Stellar (XLM). They offer betting on virtually every major event including NFL, NBA, NCAA basketball, NCAA football, UFC, MLB, boxing, golf, tennis, etc.

#2 – Bet Online

Bet Online has an impeccable reputation and they have achieved this by offering some of the best customer service in the world, along with great odds. You can wager in Bitcoin (BTC), Bitcoin Cash (BCH), Litecoin (LTC), Ethereum (ETH), Ripple (XRP) and Stellar (XLM). They offer options to wager on nearly any sporting event that you can think of. They also offer all new players a generous sign-up bonus. Also check out the great casino games.

Bitcoin Sports Gambling Sites Websites

#3 – Cloud Bet

If you are looking for a safe and reputable bitcoin casino with multiple betting options, including sports betting and esports this is your best option.

You can literally bet on every major sporting event including NFL & NCAA football, NBA & NCAA basketball, MLB, NHL as well as boxing, rugby, MMA, and much more.

This is by far the best bitcoin focused sportsbook.

USA Prohibited.

#4 – Bovada

This is one of the oldest sports books in the world, and they were also one of the first to focus on offering bitcoin deposits and withdrawals. A clear favorite Bovada offers betting on all of your favorites sports, they also offer a world class casino, poker rooms, live dealers, and much more.

#5 – GT Bets

This is another solid option for players who are want to wager on sports using Bitcoin (BTC) or other cryptocurrency. This is a smaller outfit than the others that we recommend, the benefit of this is they really go out of their way to offer the best in customer service, and they always aim to payout winnings as fast as possible. Make sure to checkout the promotions page.

The Basics of Bitcoin Sports Betting

Players must comprehend the fundamentals of crypto-currency betting before they even place their bets. There is a wide variety of bets you can choose from, each of them having its own pros and cons based on their type, wage and value. Some of the most popular ones are:

• Moneyline
• Parlays
• Props
• Point Spread
• Futures
• Live Bets

Moneyline: Choose the Winner

The most straightforward way to get into Bitcoin sports betting is Moneyline. The player receives a payout that is directly linked to the result of the event that is happening. The odds are expressed with fractions, decimals or American odds. We will use American style round the entire post, to keep things most understandable.

American odds detail what it would take for the player to win a certain amount of money on a particular bet. Imagine that the Super Bowl is happening and the player wants to win 100$. Odds are usually displayed as:

Pittsburgh Steelers (-200) vs. Dallas Cowboys (+180)

Bitcoin Sports Gambling Sites Games

This means that if the player wants to win the 100$, they are required to place a 200$ bet in favor of the Steelers. In contrast, if the Cowboys win and the player has bet on them, they get paid out a sum of 180$.

Sportsbooks root the payouts by the current trends across the betting market; this is the reason why the payouts are much less than the bets themselves.

Parlay: Stacking Up Wins

Bitcoin Sports Gambling Sites For Us Players

Parlay betting allows the player to stack up games in order to enlarge their win. Usually, up to three games are required to place a parlay bet. The player can also use point spreads and moneylines to be stacked on a parlay.

While the payouts are generally larger, the only downside is that the player needs to win all the bets in order to be paid out.

Props

“Props” or propositions bet means that the player bets on a certain occurrence of the event, not the result of the event itself. For example, the player can bet that Dak Prescott can score 25 points in a game or whether Andy Dalton does around 23 passes.

Point Spread: Marginal Winners or Losers

The catch of this type of bet is to bet on a game with even odds, meaning that the favorite needs to win by a certain amount while the underdog needs to lose by an even amount. If we use the game from the previous example, the bet would look like this:

Pittsburgh Steelers +3.4 (+130) vs. Dallas Cowboys -3.4 (-130)

For the player to win 100$, they need to place a 130$ bet. At the same time, the Steelers need to win by at least 4 points to ensure that the bet is won; if the Cowboys lose by 4 points or less, the player is also paid out.

This type of betting is especially popular with NFL and NBA games, because it is really easy to assume the favorite and the underdog on an even playing field.

Futures: Future Wins

By the title of the bet, it is obvious that the player bets on a prediction that is in the far future.

For example, you can bet on a certain NBA team to take the crown in the next championship:

Chicago Bulls +420

Meaning that if you place a 100$ bet, you can be paid out a sum of 420$. The downside being, that any other team can win the championship, leaving your bet to a loss

Choices of Bitcoin Deposits and Withdrawals

Generally, sites that allow crypto-currency betting enables players to continue wagering on their preferred sports; to keep things simple they usually cite BTC bets in dollars. Because of this, the sites protect the players from price swings that go up to 30%, as well as offering them larger payouts, sometimes even higher than 200%.

Using Bitcoin on sportsbooks is really easy. Firstly, you need to buy Bitcoins from your credit card, which can be simply done with exchanges such as Kraken or Coinbase. Once you have the coins, you transfer them to the sportsbook’s crypto wallet address. Transactions usually cost a couple of cents, and they appear on the sportsbook almost instantly. This process can be easily done through mobile apps or websites.

The only thing you need to note is that bitcoins trade to 12 decimals, in contrast to traditional currencies trade to 2. It is possible that sometimes a transaction can be completely free, but most sites limit users to a minimum and maximum exchange amount for deposits and wagers as well.