The marriage of esports to Bitcoin is a match made in heaven as they share a demographic that is characterized by an audience that is technically savvy, capable and are interested in using new technologies.
The majority of esports fans are born in an era where instant gratification is the name of the game where their favorite sports like Dota 2, League of Legends and CounterStrike: GlobalOffensive are available to watch at the click of a button. This is true of Bitcoin users as well. Bitcoin has made transacting simple, secure and fast – also at the click of a button.
Competitive gaming is now a multi-billion dollar industry and is largely driven by digital transactions and – increasingly – by the blockchain. This page is dedicated to those esports betting sites that have adopted and blaze a trail for Bitcoin gamblers.
With the rapid growth of both Bitcoin and esports betting, there are more and more sites becoming available that offer both; bringing the two together for one of the best online gaming experiences ever.
As esports betting has grown, sites have refined their offering with a wide variety of top gaming titles like CS:GO and League of Legends as well as smaller lesser known names such as Rocket League and Hearthstone. At the same time esports sites has fully embraced Bitcoin as their preferred method of payment. Increasingly, esports sites are now embracing crypto as a whole (not just Bitcoin) and will happily accept cryptocurrencies such as Ethereum, Litecoin, Dogecoin and a host of others.
While their may be dozens of Bitcoin esports bookmakers, the question is how to choose the best one and what qualities make it the best.
Without a doubt the most attractive feature of any esports bookie is the quality and variety of betting markets available, especially when it comes to the big three: League of Legends, Dota 2 and CS:GO. For example LoL hosts a Worlds series which is now in its 9th edition, while other esports fans would look at whether the site offers mainstream CS:GO tournaments like the Boston or Katowice Majors. These tournaments are now a massive feature in esports calendars around the world with as many as 24 teams participating, millions of viewers spectating and broadcasts running across mainstream TV. Dota 2’s The International World Championship would be another major drawcard for many esports lovers that frequent Bitcoin betting sites – offering a prize pool in excess of $25 million and attracting big bets in the process. The International was first hosted in 2011 and has gone on to become one of the mainstays in esports.
For lesser known titles like StarCraft, Hearthstone and Rocket League, esports enthusiasts would need to look at niche bookmakers that focus exclusively on the esports market. Fortunately for hardcore esports fans, these bookmakers are not hard to come by!
When it comes to depositing in a bookmaker, the best esports sites will also offer speedy withdrawals too. It is worth looking at the sites deposit and withdrawal section in the terms and conditions to see that it meets the bettor’s needs. Bitcoin also comes with the benefit of anonymity should it be required – keep an eye out for the anonymous icon when looking at a bookmaker’s review to see if it meets your needs!
Moving to the platform itself, a good Bitcoin bookmaker will offer its players a series of features that cater specifically towards esports fans. One such feature are match streams that run alongside the betting markets, allowing players to stick in one place and place bets in real time as things unfold. Furthermore, a number of platforms have levelled-up their bookmaker experience by offering “exotics” – markets with outcomes that aren’t the standard match winner or most kills. These exotics include markets such as pistol round winner or first Roshan in Dota 2 – certainly riskier bets but can add a lot of fun to the experience. Lastly there are also unique features on some of the best sites like “Streamer Betting” and “Virtual Esports” betting which have been created – and are now being popularized – by the esports pioneer, Unikrn.
When looking for the ultimate Bitcoin esports betting site, besides betting markets, another big drawcard are the bonuses on offer. There are a variety of possible bonuses that can enhance the betting experience. These bonuses are discussed in more detail further below.
As the Bitcoin esports industry continues to grow, sportsbook operators have to keep up with the burgeoning market and therefore increasing number of competitors. To compete, bookmakers find themselves attracting new visitors by offering a unique and rewarding bonus.
The biggest attention grabber is a great First Deposit or Welcome Bonus which is usually credit that is matched to the size of your deposit. These bonuses allow bettors to start with a bang and this is often when big Bitcoin wins happen. Another bonus comes in the form of Free Bets – a feature which allows bettors to place bets risk free. Typically free bets require a deposit in order for them to be credited.
If these bonuses sound too good to be true then you might not be surprised to hear there are some terms attached. These terms may include several possible restrictions, so it’s important to check the bonus terms and conditions before getting too excited.
There restrictions are in place to make the bonus realistic for the bookmaker – at the end of the day, they are a business that needs to be profitable. These restrictions include things like a rollover restriction where the bonus has to be wagered a specific amount of times before withdrawal can take place. Other restrictions could include minimum odds, a limiting maximum withdrawal amount as well as time locks where bonuses have a limited period until expiry.
Bitcoin is legal in most countries, however online sports betting has faced restrictions from a number of nations, most notably the USA. However, there are countries that have become the esports betting epicentres through which enjoying Bitcoin betting is completely legal. These include Australia, UK, Spain, Taiwan, Japan, Korean and Macau amongst others.
Ultimately, esports betting companies have been setup in deregulated countries where markets are on offer to anyone in the world. With the use of Bitcoin, it is possible for users to securely (but possibly not legally) bet on any competition they choose. The main concern in these instances is whether the sportsbook is properly regulated and that the necessary safe guards are in place. Always remember to gamble responsibly.
While the majority of traditional sportsbooks only accept fiat currency, more and more are getting onto the “Bitcoin Bus” and offering crypto deposits and withdrawals. Many esports sites have recognized the advantages of accepting Bitcoin to boost their brand’s market share. Some of the leaders in Bitcoin accepting sites are 1xBit, OneHash, Unkrn, 22bet, Sportsbet.io, Nitrogen Sports and Betcoin Casino. Major players like Bet365, Betway and Pinnacle have not yet entered the cryptocurrency betting market.
There are no additional complications around using Bitcoin to enjoy online esports betting. The first step is to set up an e-wallet to store your Bitcoin and transact. Once this has been done all that’s left to do is purchase Bitcoin from your favorite exchange and you are good to go. Deposits can be made via your e-wallet to the sites wallet address and will be made available immediately for your convenience.
While Bitcoin is the leading cryptocurrency in the world and in the esports betting industry, more and more bookmakers are expanding the number of cryptocurrencies that they are accept. Other currencies that are appearing on most of the popular sites as accepting are Ethereum, Dogecoin, Litecoin and XRP. Some of these sites also offer their own in-house token for betting with such as Unikrn’s Unikoin Gold (UKG).
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