Helping You Find the Best Bitcoin Sportsbooks

Bitcoin sportsbooks are all the rage at the moment, and there are lots of advantages to using Bitcoin over fiat currency. Players can enjoy instant transfers, complete anonymity, and the flexibility to play whenever and wherever it suits them. Bitcoin sportsbooks offer true freedom to players.

But there are also a minority of crypto sportsbooks looking to take advantage of customers. Scam websites may be looking to steal your Bitcoins and leave you with nothing after making a deposit. It’s important that you only play at trusted online sportsbooks where you know your Bitcoin transfers will be safe.

How can you tell the difference between a top crypto sportsbook and a Bitcoin imposter? Luckily, you don’t have to. We’ve done the hard work for you and singled out the top five Bitcoin sportsbooks around.

Check out the following sportsbooks to experience the best Bitcoin sportsbook gaming available and find out which ones are offering the most exciting welcome bonuses.

Top Rated Bitcoin Sportsbooks 2018

1st

Cloudbet

Cashout Speed
Bonuses
Betting Limits

Exclusive offer:

100% Welcome Bonus Up To 5BTC

sign up now
  • Biggest deposit bonus in the BTC sports betting world
  • Highest betting limits of any Bitcoin sportsbook
  • Fast cashouts – withdrawals are processed instantly
  • Offers more betting markets than most other books

Cashout speed
Sportsbook Bonus Rating Cashout speed Review
2 100% Up To 1BTC
95% Payout
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2 1xbit logo 100% Up To 1BTC
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3 Great jackpot offer
90% Payout
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3 Nitrogen Sports Logo Great jackpot offer
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4 100% Welcome Bonus
85% Payout
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4 BetOnline Casino Logo 100% Welcome Bonus
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5 200% up to £200
85% Payout
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5 200% up to £200
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About Bitcoin Sportsbetting

Bitcoin has already come a long way since its inception around 2009. For a long time, the online currency had a negative association with illegal activities on the dark web. Being difficult to trace, plus the fact that it is not tied to an individual in the same way a traditional bank account is, caused some to fear it would only be used for illicit activities.

However, over recent years the perception has changed dramatically. In 2017 Bitcoin enjoyed explosive growth and began to pick up mainstream coverage. It can now be exchanged for traditional fiat currency at ATM machines. It can also be used in selected bars and restaurants across cities such as London and Tokyo.

At the moment, Bitcoin is still somewhat of a novelty battling to break into mainstream usage. However, one area where it is already thriving is online sportsbooks.

Online sportsbooks tend to offer customers as many ways to deposit as possible. Credit and debit cards, wire transfers, cheques, as well as a wide range of electronic deposit cards are widely accepted. Naturally, sportsbooks were quick to accept Bitcoin as a new form of payment.

There are many advantages to making deposits by Bitcoin at online sportsbooks. So much so, in fact, that there are now many sportsbooks which operate exclusively in Bitcoin payments.

Bitcoin Sportsbooks on the Rise?

As the cryptocurrency revolution continues to pick up speed, more and more people will learn how to spend and receive the coin. This means that there is likely to be an increased number of Bitcoin sportsbooks in the coming years. Players who begin now may very well be ahead of the curve.

Bitcoin is ideally suited to online sportsbooks. When a player heads to a physical bookmaker, they bet with physical cash. However, when using an online sportsbook, all of the currency being used is transferred to its digital form.

Bitcoin is entirely digital with no physical form, so there is no need to edit it to use it at an online sportsbook. This is what makes Bitcoin perfectly suited to the world of online sportsbooks.

What started as a fringe currency now has a very prominent place in the online betting industry. Originally, very few sportsbooks accepted Bitcoin. Slowly Bitcoin was added as a payment method, and today we can see several sportsbooks which only accept the digital currency and nothing else.


Advantages of Betting With a Bitcoin Sportsbook

There are several advantages to betting with Bitcoin, particularly for punters.

Fast Cashouts

One of the most important factors that players consider when looking at new online sportsbooks is how quick and efficient withdrawals are. In some cases there are high restrictions in place regarding minimum withdrawals, and taking money out can prove to be a lengthy process.

Because Bitcoin is an entirely electronic currency, there is no need to wait for withdrawals to be processed. There is no bank or governing body that needs to approve the withdrawal. Instead, players can cash out instantly. Winnings can be quickly withdrawn to a Bitcoin wallet, ready to be spent in minutes or even seconds. Players who have access to a Bitcoin ATM could even choose to withdraw online winnings and receive them as physical cash that same day.

Anonymity

In general, people like to keep their finances private. When it comes to online gaming, many players would want an extra degree of privacy.

When using Bitcoin to play online, players can enjoy complete anonymity. The background of the currency makes it extremely difficult to trace payments to an individual without that person announcing their wallet address. This is a very important aspect for many players, and one which Bitcoin goes a great way towards improving.

High Security

Contrary to some reports, Bitcoin is an extremely safe way of making deposits and withdrawals. Commenters who are unfamiliar with the technology behind Bitcoin may incorrectly believe that, with no physical version of the coin, it can easily disappear. But this is the opposite of the truth.

Bitcoin was designed from the ground up to only operate online, which means that moving it around digitally is a strength rather than a weakness. As long as the owner of the Bitcoin looks after it properly using a high-security wallet and two-factor authentication, it will be extremely difficult for anybody else to get access to their funds.

 

Finding the Right Sportsbook

Of course, just because Bitcoin is a great way to play at online sportsbooks, it does not mean all Bitcoin sportsbooks are a smart choice. Players need to make sure they find the right sportsbook for them.

We have several top Bitcoin sportsbooks recommended right here. But it always pays to look out for the same signs you would want to see in a regular online sportsbook.

Only play at Bitcoin sportsbooks which have a good reputation and are trusted by their players. Good customer service is always a sign of trustworthiness. Most sportsbooks which neglect to communicate regularly with their customers often tend to ignore other aspects of their sportsbooks.

Finally, make sure the sportsbook supports the types of game you want to play. And if bonus offers are important to you, choose one with an offer that lives up to your expectations.

Blacklisted Sportsbooks

Stan James

  • Cancels bets without your knowledge
  • Holds money for 14 days

Skybet

  • Refuses to pay winning bets
  • Terrible customer service

Sportsbet.au

  • You can’t withdraw any winnings
  • Their website is never accurate
View our top recommended and trustworthy sportsbooks

Blacklisted Sportsbooks

It always pays to keep your wits about you when investing in any online company. This is especially true of the online sportsbook industry, which naturally includes Bitcoin sportsbooks.

We are specialists in reviewing online sportsbooks which accept Bitcoin, so make sure you visit our website regularly to see which Bitcoin sportsbooks are legit. But there are also some warning signs you can look out for yourself.

Here are a few examples of things you should beware when it comes to Bitcoin sportsbooks:

Unbelievable Welcome Offers

This is one thing that makes Bitcoin sportsbooks stand out from regular online sportsbooks. For sportsbooks which offer both types of payment, players will sometimes be offered two welcome bonuses; often, the differences between the two can be huge. A traditional 100% bonus might be capped at £/$1,000, for instance, while the Bitcoin equivalent works out at £/$10,000 or more.

The reason for this is the massive fluctuation that occurs in the world of cryptocurrencies. The sportsbook may establish a maximum limit of 1BTC as a welcome offer, and within a few weeks the currency value may increase by double, triple or even more.

It is true that Bitcoin sportsbooks offer tremendously large bonuses, but make sure the terms and conditions make sense. Savvy gamers know that if something is too good to be true, it usually is. It’s common to be offered massive amounts of Bitcoin as part of a welcome bonus. But don’t buy into it unless the terms seem realistic.

Errors

Scam sportsbooks often lack the attention to detail that genuine online sportsbooks enjoy. This can be spotted in spelling mistakes and poor English in general. Interestingly, scammers sometimes make mistakes on purpose. This helps them to isolate individuals who are more likely to fall for their tricks.

Looking out for obvious spelling mistakes and poor communication will help highlight some of the fraudsters out there.

Neglected Website

Do all the sportsbooks links return a 404 error? Has the “New Games” section remained unchanged for months? Is the last blog update from several years ago, or is their Twitter feed redundant?

A neglected website could be an indicator that the people running it are operating a scam. Or it could just be poor management. Either way, it’s best to avoid these types of Bitcoin sportsbooks.

Betting on Sports with a Bitcoin Sportsbook

When it comes down to the type of action you can bet on at Bitcoin sportsbooks, the good news is that you can still bet on all your favourite sports. Bitcoin sportsbooks operate in much the same way as standard online sportsbooks, so it’s highly likely that any sports you currently enjoy betting on will be available at a Bitcoin sportsbook too.

When placing a bet at a Bitcoin sportsbook, the options will be very similar to those offered at traditional online sportsbooks – for instance, betting on a player or team to win a match or a league under/over bet, and so on.

However, the main difference here will be with the units of currency. Naturally, when placing a bet at a Bitcoin sportsbook, the bet will be placed in Bitcoin. This means that it’s important to be aware of the current price of Bitcoin, especially if players are placing wagers with the fiat equivalent in mind.

This also means that players may place a successful wager and end up with less money than they started with when attempting to withdraw. The most logical way to use a Bitcoin sportsbook is to treat the Bitcoin in your account as a singular currency. Frequently comparing it to fiat currencies may be helpful in giving players an overall idea of its worth. But to analyse it on a bet-by-bet basis may be detrimental.

A lot of players play at Bitcoin sportsbooks with the intention of eventually cashing any winnings into fiat currencies such as GBP, USD, and so on. If this is the aim of players, it is important to consider the fiat equivalent of any wager placed. Luckily, many sportsbooks will have a live ticker displaying the current price of one BTC on the sportsbook homepage. Alternatively, you can visit our website for the latest price, visible at the top of the page.

If you want to give yourself a head start and spin up a healthy stack of Bitcoin, you may want to check out our sports guides. They contain lots of information on sports betting strategies, gameplay, and where to find the best odds.

Bitcoin sportsbooks are available in a wide array of territories, which means you can get access to betting on a number of sports. These include:

 

Football

Cricket

Rugby

Formula One

Tennis

Ice hockey

Basketball

Boxing/UFC

Darts

Golf

Snooker

Virtual sports

Frequently Asked Questions

How do I deposit in Bitcoin?

Before making a deposit at a Bitcoin sportsbook, you will first need to buy Bitcoin through a cryptocurrency exchange.

First of all, you will have to upload fiat currency – such as GBP, USD or EUR – to an online website or exchange. From here, you can sell your fiat currency in exchange for Bitcoin.

You will then have to transfer this Bitcoin from the exchange to a special wallet, such as a free online wallet. This money must then be transferred to your Bitcoin sportsbook of choice.

If you’re not sure how to make a deposit using Bitcoin, you can find out everything you need to know in our guide on how to buy Bitcoin.

Is it safe to store Bitcoin on the sportsbook itself?

The question of whether or not it is safe to store your Bitcoin on the sportsbook depends on a number of factors. It’s largely the same as asking if players should keep their GBP, USD or EUR in a regular online sportsbook. It will probably be fine for the vast majority of the timeprovided it is a trustworthy company. But if anything were to happen to the sportsbook, the funds would be at risk.

On paper, the best practice would be not to leave your money in any sportsbook. The same can be said of leaving Bitcoin on an exchange. Investors are encouraged to move their funds from the exchange into a private wallet in case the exchange is hacked. And this does happen with some cryptocurrencies.

Will I get better odds when betting with Bitcoin?

Essentially, the odds for sportsbooks that use BTC and those that use GBP, USD, EUR or any other currency tend to be the same. There may be slight variances in the current odds as the sportsbooks struggle to keep up-to-the-minute tabs on the latest exchange rates, but the differences will be negligible.

It is true that the value of your BTC could increase so much during the time of your bet that it might appear that you are getting better odds. However, this is down to the price of BTC against traditional fiat currencies, and not to the odds of the bet itself. For instance, placing a bet on the Premier League favourites to become championships may have odds of around 3/1. £/$10 would return £/$30 plus your stake back. On a Bitcoin site, you may see a return of £/$300 for the same bet if BTC raises by 10x against the pound or dollar. Yet the odds remain the same.

What if the crypto bubble bursts?

Many financial experts have speculated that the explosive growth of Bitcoin and cryptocurrencies is unsustainable, particularly given the monumental gains made in 2017. This is a view which is fiercely denied by those who believe in the technology, but it’s prudent to consider all scenarios when investing in such a new and novel currency.

Your investment in a crypto sportsbook will be made in BTC and therefore any fluctuations in the price will be reflected in your balance. If there were drastic changes in the crypto market space and the value of BTC plummeted, this would be mirrored with any holdings you have in BTC. In the main, only players who believe in the longevity of Bitcoin and the cryptocurrency space should entertain using it to place bets.