Bitcoin Football Betting – Guide To Cryptocurrency Gambling

Bitcoin football betting is a growing hot trend in the online gambling and betting niche. We are sure that there are many punters using this type of currency, but probably haven’t tried to bet with bitcoins due to doubts about the security of this system. Bitcoin betting will seem effortless after you read our guide on how to do it.

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Bitcoin Football Betting – Pros and Cons

Online sports gambling is still evolving, and Bitcoin football betting is part of it. Cryptocurrency, particularly Bitcoin, is growing in popularity as more people become open to transacting with digital coins. For this reason, an increasing number of bookmakers are providing Bitcoin betting.

What value does football betting with crypto coins provide, though? Anonymity is the main selling point. By design, blockchain technology doesn’t involve a third party. Therefore, punters don’t have to worry about scrutiny on their transactions. For the same reason, Bitcoin transactions are incredibly fast because you don’t need a bank or other service to authorise transfers.

However, cryptocurrency gambling on American football has its downsides. For one, digital currency is extremely volatile. Hence, what might appear like potentially profitable odds might turn into losses if the currency loses value unexpectedly. Unlike bank transfers and card payments, you cannot reverse Bitcoin transactions. Therefore, you must be extra cautious when crypto betting.

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How to Bet on Football With Bitcoin

So, now that you understand what is at stake when Bitcoin football betting, how do you do it? American football is among the most followed and watched sports in the United States. The National Football League is the highest level with its season leading to the Super Bowl. NFL betting lines are highly profitable due to the large crowds that the games draw. Thus, a majority of online sportsbooks offer NFL odds. Bitcoin football betting does differ very much from regular punting.

A crypto bookmaker will offer most of the same bet types as a standard betting website. So, expect to wager on NFL point spreads, moneyline and parlay bets. You only need to find a reputable BTC sportsbook that provides American football odds, open an account then deposit funds to begin betting. However, you need access to Bitcoin first. Below we look at the main steps to getting started on crypto football gambling.

Open an eWallet

Before you deposit funds at a cryptocurrency betting platform, you need a wallet for Bitcoin. It functions like a bank account. So, you can send and receive funds through it. You can opt for a wallet that gives you full control or open through a third party. Consider cryptocurrency wallets which are available in different types to find a suitable one. E-wallets have security measures, including a 12-word backup phrase.

Buy Bitcoins

Next, you have to sign up with a cryptocurrency exchange. Users usually have to complete verification checks during registration. Therefore, you might need to submit several documents. Depending on the exchange platform, you can use various methods to deposit. Some include credit cards, bank transfer and virtual wallets. Decide which alternative works for you then register it on the exchange. You can now use the platform to buy Bitcoin for your online football betting.

Choose a Bookmaker and Deposit

The last step is finding a Bitcoin sportsbook. Of course, the site must provide American football odds. When you find a suitable Bitcoin football betting site, open an account. Proceed to the cashier section of the bookmaker and choose Bitcoin as the payment option. The site will generate a BTC address because each crypto transfer is unique. Send funds to the address. In most cases, Bitcoin betting deposits reflect within an hour. However, this duration varies with the amount and sportsbook.

Find a Suitable Bitcoin Bookmaker

As crypto gambling becomes more popular, punters have more sites from which to choose. Two main options are available. One is the sportsbook that supports Bitcoin payments alongside other traditional methods. The other operates exclusively on digital currency. It could be Bitcoin alone or with other altcoins like Litecoin, Ethereum and Dogecoin.

So, decide which of the two alternatives serves your gambling needs. When finding the right site for Bitcoin football betting, consider its reputation. Not every cryptocurrency betting site is trustworthy. Research the history of a bookmaker to ensure that it meets certain standards. Check reviews from experts like the ones we provide. Customer testimonials are also excellent for second opinions. Of course, you should ensure that a betting site meets your needs. For example, if you prefer betting on college football, then find an operator that provides NCAA odds.

Bitcoin Bonuses & Promotions

Betting with Bitcoin provides various opportunities to cash in on bonuses. Just like regular online bookmakers, Bitcoin sites want to attract punters. Therefore, they give out different kinds of offers as incentives. In fact, you might find some Bitcoin sportsbooks that have better promotion than fiat gambling operators. The platforms have bonuses for different users – new customers, returning players, high rollers. Some offers, such as welcome bonuses, are almost standard. A site can also have a Bitcoin bonus for subsequent deposits. Cryptocurrency betting sites can provide promotions for bonus funds or free bets. Whatever the case, evaluate bonuses keenly before claiming them.

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Best Bitcoin Bookmakers

What makes one Bitcoin sportsbook better than another? The odds, for one. Top-rated BTC betting websites provide highly competitive odds. For the best value, you have to shop for the best football betting lines. Security is always a concern when betting online. Consequently, our most recommended Bitcoin bookmakers have to provide safe gambling. The market coverage matters as well. A leading sportsbook should have a decent market selection to cater to different punters. Live streaming and in-play betting also determine the quality of a Bitcoin bookmaker. Below are three top sites for Bitcoin football betting.

22bet

As one of the top online bookmakers in the world, 22Bet provides an impressive category of sports. The site is a hybrid meaning that it accepts fiat and digital currency, including Bitcoin. For that reason, 22Bet provides its promotions as traditional offers. The sportsbook offers football betting markets like 1×2, handicaps, and totals. You can bet on the NFL and NCAA. The operator provides plenty of useful and up-to-date information that you can use for bet prediction.

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Cloudbet

The betting site is highly reputable in crypto gambling. It has an extensive range of sports markets, including American Football. Punters can bet on the NFL and NCAA. Cloudbet is suitable for Bitcoin football betting because it guarantees security. Gamblers get the option for pre-match and in-play betting. A generous welcome bonus of up to 5 BTC is available. The sportsbook has special promotions for NGL and college football odds, as well.

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1xbit

If you want a Bitcoin bookmaker that accepts other cryptocurrencies, then 1xBit is it. The site supports over 20 currencies. Punters can wager on some of the biggest events, including the Super Bowl. Customers can bet live or pre-match on various American football events. A number of promotions on the website ensure that punters enjoy exciting rewards. 1xBit also has native iOS and Android apps.

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