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Sports Betting With Bitcoin

Sports Betting With Bitcoin

Sports betting is one of the oldest forms of entertainment, and in the past few years, the trend seems to have taken off once again. One of the main reasons for this is a change in policies within the US government, resulting in the legalization of sports betting in many states.

Another reason for the sudden spike in interest from the gamblers is the offer of sports betting with Bitcoin and all the advantages that come along with it. Bitcoin and other cryptocurrencies have brought about a massive shift in the market, opening the doors to big wins and even more entertainment.

It’s time to brush up on your sports betting skills and get the scoop on how to make the next move. The Bitcoin Strip has put together a guide on all you need to know about sports betting with Bitcoin, including how to place a bet, understanding the probability and odds, and once you are on track, there is a list of the best Bitcoin sports betting sites to gamble at.

Brief History Of Sports Betting 

Above, it was mentioned that sports betting has stuck around for quite some time. To give you a true understanding of just how long, let’s briefly touch on the history of sports betting to find out how it all began. 

Although there are no concrete facts as to the exact date of origin, it is believed that sports betting originally came about in Rome, where people used to place bets on chariot races or gladiator fights. 

To keep corruption and tainted results from accruing, a rule was drawn up that betting must be reserved for events, and in order to take part, one must be present. Now, almost 2,000 years later, the trend is still taking place, and now gamblers have the option of sports betting with Bitcoin! 

Bitcoin sports betting has come a long way

Online Sports Betting: Understanding The Benefits Of Online

Many years before the internet came about, sports betting managed to firmly hold its place as one of the most popular forms f entertainment back in the day. With popularity picking up and the demand, the industry became challenging to monitor, resulting in many feeling hesitant to put their money on the line.

In 1996, the game changed, and the very first sports betting site came about, with many soon to follow. Although, at first, gamblers we unsure, it quickly became apparent that online sports betting brought a sense of convenience and increased control over where bettors could place their wagers. 

With trust-building, the online market picked up, quickly coming up with quicker and more efficient ways to keep players invested. Let’s be honest, sports hold a large number of thrills and excitement, and with money on the line, the amusement is unimaginable. 

There is more! The evolution did not stop there. As we all know, technology never stops improving, bringing new possibilities to existence. One of those new mechanics is the offer of digital coins, which became known as cryptocurrency.

Cryptocurrency has picked up in popularity across the board, and when it comes to any form of gambling, it’s become the number one option amongst the majority of players. Sports betting with Bitcoin is one of the hottest trends, allowing players to set up big wins with confidence thanks to factors such as increased security, lesser fees, and of course, the ability of anonymity.

Online Bitcoin sportsbetting is a lucrative past time for BTC gamblers

Sports Betting: How To Place A Bet 

Nowadays, there are multiple ways a gambler can place a bet. With the industry booming, whether you be online or land-based, the chances are you will find a way to place a bet. In this article on sports betting with Bitcoin, we will look at how to place a bet online. 

Due to convenience, sport betting online is by far the most accessible and most enjoyable allowing gamblers to access the fun from just about anywhere. Another advantage of online sports betting is the straightforward navigation of the sites, making it incredibly easy to use. Within just a few clicks, gamblers will be front and center, watching their favorite sporting matches, hoping to take home a win. 

The web is loaded with sports betting sites, and with so many sports ad events to cover, it’s understandable. To make your pick on the best Bitcoin sports betting sites, make sure to check out the odds and lines, as well as the casino bonuses provided. 

Once you have signed up to a sports betting site, placing a bet is easy. Simply follow the prompts to add balance and then get started on sports betting with Bitcoin. For those interested, you can find more information on sports betting online and the best Bitcoin sports betting sites further down in this article. 

sports betting with Bitcoin

Sports Betting: Understanding Odds, And How To Apply Them

Placing money on your favorite sport sounds easy enough, right? Well, it isn’t until you take a further look at understanding the odds and how best to apply them to your gamble to ensure the best outcomes. 

Odds serve two purposes in sports betting with Bitcoin. The first reason is, they are used to calculate the payouts of the winning wagers. Whenever gamblers place a bet, they will be provided with odds. The higher the odds, the bigger the potential of the win, but with rewards comes risk, and the higher the reward, the higher the risk. 

The second reason odds are applied is to give gamblers some direction on where to place their bets. Odds provide more insight into the likely outcome of the match, event, or tournament. The more predictable an outcome is, the higher the odds, but the odds will be lower when betting on an unlikely outcome.

For example, if there is a tennis match and the best player is competing against the player ranked at 100th. That means that the best player will have higher odds at winning than that of the 100th ranked players.

Understanding Bitcoin sports betting odds is important for winning

The Best Bitcoin Sports Betting Sites

As per usual, The Bitcoin Strip team has your back, keeping you in the loop with all the best ways to bring home a win. When it comes to sports betting with Bitcoin, it’s always best to find a site that caters to all the banking necessities and provides bulky casino bonuses.

With the trend of sports betting with Bitcoin on the up and up, plenty of sports betting sites are coming out of the woodworks. Here is a list of some of the best Bitcoin sports betting sites to play at.

Score A Home Run By Sports Betting With Bitcoin

Cryptocurrency may be fairly new to the industry, but in the short time it’s been an option, the quality and overall enjoyment of the market has improved drastically. Sports betting with Bitcoin is just better in every sense of the word, and now that you have insight into sports betting, understanding the odds, and learning how to pick the best platform, we are sure all gamblers will soon be taking home the wins they have been after. 

 

Last updated by Jen Van Lier on October 22, 2021

About the editor

As website manager, Jen contributes reviews and updates to The Bitcoin Strip on a daily basis. Jen worked in the casino industry for 9 years before focusing on Bitcoin in 2016. She writes on subjects ranging from traditional slots all the way through to unique Bitcoin games, provable fairness and Ethereum smart contract gambling.

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