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Australian Open 2020: Bitcoin Betting

Australian Open 2020: Bitcoin Betting

There are plenty of sports to bet on at any given time. However, one that is a firm favorite for Bitcoin sportsbooks is tennis. Each year, tennis lovers are spoilt with a host of nail biting tournaments in both Northern and Southern hemispheres and, come January, the Australian Open serves up the first Grand Slam tournament of the year.

The Australian Open, established way back in 1905, is held in Melbourne, although it has previously been held in other Australian cities and 2 cities in New Zealand. The Open is the first of four Grand Slam tournaments held every year.

The Australian Open, like the other Grand Slam tournaments, consists of men’s and women’s singles; men’s, women’s, and mixed doubles; junior’s championships; and wheelchair, legends, and exhibition events. Many of these events are now available for betting using cryptocurrencies like Bitcoin.

AUS Open Bitcoin Sportsbooks

There are many bookie sites at which to place a bet on your favorite to win the Australian Open. Some of the best Bitcoin accepting sites include:

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Advantages of Bitcoin betting on the Open

With the introduction of Bitcoin into the online betting arena, more and more online betting sites are accepting Bitcoin as a preferred transaction method.

Bitcoin brings with it two major advantages over traditional currencies.

  • Anonymity – while it’s a misnomer that Bitcoin is entirely anonymous, it does provide a great deal of privacy and accessibility for anyone in the world. For this reason, a number of Bitcoin tennis bookies will allow you to place your bets and wagers anonymously, including Stake.com.
  • Speed – most Bitcoin sportsbooks will take advantage of the cryptocurrency’s speed. While transactions can take 10 minutes to be confirmed, they are extremely cheap and efficient to send. Bettors can benefit from instant deposits and payouts can be withdrawn immediately once the market has ended

Best Bitcoin Odds for the Open

In order to get the best possible odds to maximize winning opportunities it is wise to shop around and look at what is on offer at the multitude of betting sites. Stake is currently offering competitive odds for their outright markets, posting a Federer win at 660 (7.6, 6.6/1) and tournament favorite, Djokovic, at 115 (2.15, 1.15/1). Stake also offers an Australian Open Money Back promotion on Pre-Live bets which will allow new players to place risk free bets. The bookie also takes live match bets.

Bookie Favorites

It is without a doubt that Novak Djokovic is leading the men’s campaign when it comes to favorites. He has won four of the last six major tournaments, including last year’s Australian Open. His all-round record in the tournament, as well as his recent form and the fact that he has been reinvigorated after a injury, makes him a formidable opponent and likely victor of the open.

Other male players which could be possible winners are old favorite, Rafael Nadal, and young gun, Daniil Medvedev.

When it comes to the ladies the voices are resounding in their support of Serena Williams. She seemed flat after not winning since the 2017 Australian Open, but has broken that spell with her victory at the Auckland Open. Her serve has been deemed by many as “unreturnable” and her form could well be returning to its peak. Over the past two years, Williams has outshone nearly every single one of her opponents.

One has to mention two other contenders, the young Naomi Osaka or Karolina Pliskova. They also have shown their strength in women’s tennis over the last year and produce excellent results on the court.

Getting started with Bitcoin sports betting

The first step is to secure a Bitcoin Wallet and then purchase Bitcoin from one of many exchanges like Coinbase. Once a Bitcoin wallet has been chosen and downloaded, the next step is to pick a bitcoin bookie that will accept your bets.

Typically speaking, the earlier a bet is placed the better its odds with each individual match opening up a variety of new or additional betting opportunities. While the most popular bet is the outright winner, there are dozens of other markets to choose from including “who will go the furthest” and “stage of elimination” along with all the classic betting options.

Avid tennis bettors will be excited to know that these Bitcoin sportsbooks will also be offering markets for the French Open, Wimbledon and the US Open further down the line.

Last updated by Nick Hawke on January 23, 2020

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About the editor

Nick is the CEO and founder of The Bitcoin Strip and has reviewed and written about Bitcoin casinos, sportsbooks and poker rooms for 9 years. He first entered the Bitcoin gambling market in 2011 following a widespread closure of poker rooms in the US.

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