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NBA Bitcoin Betting

Bet on Basketball's greatest league with Bitcoin

NBA Bitcoin betting is one of the best ways to increase your bankroll in this day and age. That’s especially true because of the parity of the teams. The competition has never been so close together. The top five teams in the Eastern Conference and Western Conference all have a chance to make it far into the playoffs. Can you pick a winner?

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How to sign-up to an NBA Bitcoin betting site

How to sign-up to an NBA Bitcoin betting site
  1. Find an NBA Bitcoin bookmaker

    The first step is to find a bookmaker that both allows Bitcoin deposits and withdrawals as well as NBA betting lines. Fortunately for NBA fans out there, nearly every single Bitcoin bookie will offer markets for the world's greatest basketball league. There are dozens of NBA bookmakers available. Use the reviews on this page to find one that offers the best odds and promotions and get signed up!

  2. Load up your Bitcoin bankroll

    To deposit Bitcoin in an NBA sportsbook, you'll first need to own Bitcoin. If you don't already have a BTC balance, head to an exchange like Coinbase.com (available in over 100 countries including the USA) and buy some Bitcoin. With your Bitcoin now purchased, you can then make a simple transaction to your bookmaker's Bitcoin wallet. All that's left is to wait for the funds to arrive (typically 10-20 minutes) and you're set to start betting!

  3. Bet, win and withdraw

    Betting on the NBA is the same whether it's with Bitcoin, US dollars, euros or pound sterling. The same goes for betting strategy. Concepts like bankroll management and match odds are identical no matter what currency is being used. That said, the value of Bitcoin does change regularly and it can be extremely volatile at times - be sure to stay on top of how much you're betting, winning/losing and withdrawing.

New NBA Bitcoin Bookies

With so much interest in Bitcoin betting it’s no surprise that new bookmakers are adding the payment method on a weekly basis. At The Bitcoin Strip, we reach out to betting sites day-in and day-out to find and review the best this market has to offer. You can find all of the latest Bitcoin betting sites to offer NBA markets in the table below. Are you looking to bet Bitcoin on the NBA? You’ve come to the best place!

Bitcoin Sportsbook Date Added Rating Review
Bovada Casino 23 Oct 2020 72 Read More
888Starz.bet 23 Oct 2020 70 Read More
Bodog Casino 23 Oct 2020 72 Read More
BetUS Casino 09 Oct 2020 73 Read More
Casino-Alpha 25 Sep 2020 72 Read More

Top 15 Sites for NBA Bitcoin Betting October, 2020

Expert Reviews
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In the 2019 off-season, around 50% of the league’s players changed teams during free agency. That means bettors who know how to handicap games and understand the influence of superstars can really find some great value bets.

This post will explore how betting on the NBA with Bitcoin has grown over time. You’ll also get a sense of what makes a good NBA bookie and what makes a good Bitcoin bookie.

Betting on regular season games is pretty easy but there are also a plethora of other ways to wager that might be more profitable for you in the long run. Let’s go over all of that and make you a master of NBA Bitcoin betting.

The Growth of NBA Bitcoin Betting

The growth of NBA Bitcoin betting like the NHL relates to the city of Las Vegas, but in a different way. The NHL is the first major North American sports league to found a franchise, the 31st in league history, in the city of Las Vegas. The Las Vegas Golden Knights, who dropped the puck on their first-ever regular-season game during the 2017-18 season.

The NBA on the other hand has had its teams in Vegas every summer for the NBA Summer League since 2004. With the NFL’s Oakland Raiders moving to Las Vegas to begin the 2020 season, it’s only a matter of time before the NBA follows suit.

The 2007 NBA All-Star game took place at the Thomas and Mack Center in Paradise, Nevada. It was the first All-Star game to ever take place outside of an NBA city just a year before the Bitcoin whitepaper was published. It’s clear that the NBA belongs in Nevada, and bettors should head to Bitcoin sports bookies to find great value.

With gambling being legislated at the state level in the United States, it’s only a matter of time before government regulated sportsbooks start taking wagers. For right now, even while most of the country still doesn’t do that in fiat money, fans are being exposed to Bitcoin and blockchain technology more and more.

NBA Adopting Bitcoin

The Sacramento Kings and Dallas Mavericks are the two teams at the forefront of the NBA’s Bitcoin movement. Both teams already accept cryptocurrency for ticket and merchandise purchases. The Kings also use the blockchain to validate authentic merchandise for sale and use an in game sports app to keep fans engaged that also rewards crypto tokens. Add to that the fact that shooting guard Spencer Dinwiddie of the Brooklyn Nets is tokenizing his playing contract, and the NBA as a whole seems poised to be a first mover in the space among sports leagues.

So Fans Are Already Using It

The NBA has always understood the value of sports betting and the potential revenue it can bring to the league, and thanks to the exposure of Bitcoin inside arenas, fans are starting to realize they can create insane value for themselves by wagering on their favourite teams using digital currency. Let’s talk about what the best Bitcoin bookies are made of.

NBA Bitcoin Bonuses

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Best Bitcoin Betting Sites for the NBA

Let’s face it. When it comes to picking the best Bitcoin bookies for NBA action, bettors only care about two things: getting the best odds and getting paid out quickly. Most of the top Bitcoin sportsbooks have you covered if you need to be paid out quickly. Bitcoin transactions usually confirm in 10 minutes or less on deposits. For withdrawals most sports books Institute a 48 hour waiting period just as they can go through their own vetting process. That said, there are some key features and benefits that separate some NBA sportsbooks from others. The same applies to broader Bitcoin betting sites.

What Makes A Good Bitcoin Bookie?

A good Bitcoin bookie is one with a reputable name. There are many out there, but they don’t all have a good reputation for customer service. Many online sportsbooks originally making their profits in fiat money now make their profits and Bitcoin. Bodog, Bovada, 5Dimes and Intertops are three of those bookies. They accept Bitcoin and offer between 50% and 100% on first time deposit bonuses as long as you meet the Bitcoin wagering requirements. Each of these sites should be able to fulfil deposit and withdrawal requests really quickly and if you search between them, you can comparison-shop and find out who has the best betting lines. That’s a big part of finding the best value and winning on your bets in the long run.

What Makes A Good NBA Bookie?

Getting customers as a Bitcoin sports book is serious business. The top ones all offer full game, first-half and second-half betting as well as in-game betting on the NBA. They also offer both moneyline and point spread betting. Although there is a fair degree of parity between the top five or six teams in both the Eastern conference and the Western Conference, there is a clear difference between the haves and the have-nots in the NBA. The bottom teams in each conference usually miss the playoffs by a country mile.

Sharp bettors who consistently bet on the moneyline must be cognizant of the return on their investment. Betting 5% of your bankroll on huge favourite to win will get you a small profit on most nights, but one or two losses in a row can wipe out a significant portion of your bankroll. Especially if you don’t have a disciplined approach.

That’s why the best NBA sportsbooks are the ones that offer the most favorable point spreads.

Betting Bitcoin on NBA Point Spreads

Many professional gamblers prefer to bet on the point spread when it comes to the NBA. This is because the top teams in the league often beat up the bottom teams in the league by double-digit margins. Playing the moneyline on games like these yields little return over the long run. Using a spread to even the odds often makes more sense.

It’s important to keep in mind that point spreads of five points or less are historically the most difficult games to play. That’s because tight games often end with a free throw shooting contest determining the winner. This means an underdog trailing by three points must file to stop the clock late. So at three or four point spread can easily turn to six or seven as long as those free throws are made by the other team. Statistically speaking a home team with a spread of six or more points usually pays out at slightly less than even odds because they win most of the time in the long run.

Betting Bitcoin on The NBA Playoffs

Betting on the NBA Playoffs is a great way to win some extra Bitcoin. Especially because the heavy favorites usually get out of the early rounds and betting on the whole series usually pays out at better odds than betting on each individual game. Picking the eventual NBA champion will also likely pay more value as a futures bet, especially during this new ‘duo era’ the NBA finds itself in.

One more exotic bet to consider is that of picking the NBA Finals MVP. Picking from the top three players on either side of the Finals bracket will usually play out several times a bettors’ wager and role players almost never win this award. This is a great strategy for earning extra Bitcoin!

About The NBA

The first official NBA game was played between the Toronto Huskies and the New York knickerbockers way back in 1946 at Toronto’s Maple Leaf Gardens. It wasn’t until the late 70s and early 80s that players like Magic Johnson and Larry Bird really put the league in the spotlight which saw the NBA surge in popularity. Michael Jordan introduced himself to the league in the mid-80s and changed the way the game was played. He also made a significant global impact on the world of sports marketing which has helped shaped athlete endorsements and athletic apparel companies in ways nobody had before. Today the league consists of 30 teams playing across North America with the Toronto Raptors being Canada’s only team.

NBA & Bitcoin FAQ

🏀  Can I Bet on the NBA with Other Cryptocurrencies?

Many Bitcoin sportsbooks offer the opportunity to wager with alternative coins. Coins like Bitcoin Cash, Ethereum and Litecoin are most commonly accepted by most platforms with some competitors offering Ripple and other altcoins.

🏀  Is Bitcoin Sports Betting Legal?

Gambling sites typically register their businesses on offshore islands where regulations are more favorable. This makes little to no difference for gamblers. All North American governments care about is whether or not players are paying taxes on their winnings. That said, Bitcoin betting can be a regulatory grey area, be sure to check local laws and gamble responsibly at all times!

🏀  Can I Recover Bitcoin If I Send It To The Wrong Address?

Bitcoin enables individuals to be their own bank. Bitcoin and its blockchain does not offer the public a customer service number to call in case of a discrepancy or lost funds. Sports gambling websites are also not responsible for this. Protecting your bankroll is your responsibility.

🏀  Is Leaving Cryptocurrency on an NBA Bitcoin Betting Site Safe?

Many respected online sportsbooks now offer two factor authentication connected to your smartphone. However, ackers can now use social engineering to hack sim cards, change phone numbers and ultimately steal your crypto if they really want to. The safest way to take care of your digital currency is to keep it offline in a USB style hardware wallet.

Published by Jack Choros

Jack Choros

About the author

Jack is an expert cryptocurrency writer and has a wealth of experience in online casino and sportsbook betting. An avid sports bettor himself, Jack began writing for The Bitcoin Strip in 2020 and regularly contributes content to the website.

Last updated by Nick Hawke on May 7, 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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