Bitcoin NBA betting has been growing in popularity for quite some time now. The ease of transactions has made cryptocurrency gambling really attractive to a lot of punters. Aside from this, transactions are always secure and lend you an extra bit of privacy.
Top Bitcoin Betting Sites for 2021
If you’d like to get the best NBA odds and still go about your betting with crypto, keep reading this betting guide. We’ll lay out some NBA knowledge and some online resources for you to use.
Introduction to Bitcoin NBA Betting
Bitcoin basketball betting is a widely performed form of gambling. It offers punters different choices to configure their bets and shoot for the best odds. This is something found in basketball gambling in general, which makes it quite a popular activity among punters everywhere.
The difference here is that when you opt for some NBA picks and parlays, you’d be doing it with bitcoin. First and foremost, this is considered the safest way to make your transactions through blockchain technology. It also allows you more privacy than using FIAT money.
Crypto in general is a massive industry. The only downside to using it in gambling is that not all providers accept it. However, the ones that do will grant you an incredible offer on your deposit. This is because an operator that acknowledges the value of bitcoins would always prefer to have their payments in the currency.
Types of NBA bets
When you start doing bitcoin basketball betting, you’ll notice that there are tons of different types of bets. Don’t get confused, this is a really good thing! When you diversify your wager on different outcomes, the reward is usually magnified. We’ll go over some of the jargon you’d read online and explain them in really simple words for you.
When you first start out, you’ll hear all about the NBA betting lines. To put in really simple words, moneyline in Bitcoin NBA betting is simply wagering on the team that wins the match. It’s really as simple as that. You might find the odds presented in minus, like -100. This means that in order to win a $50 reward, you would have to align your bet to the amount presented.
You’ll also notice that Nba point spreads are a common theme among bets. This simply means that when betting on a certain team, it either has to win or not lose by a certain amount of points known previously. So, you’d basically get a team that needs to score 6 points for your wager to hit the win, and so on. It’s quite simple when you start seeing it all around.
If you’re the kind of personal that doesn’t really cheer for one team, this type of bet might be perfect for you. Over/under bets are placed on the total number of points scored by both teams in a given match. So, you’d be betting on whether this match will end with less than 15 points or over, for example. It’s really fun to do it that way.
Other popular bets
As we mentioned, Bitcoin NBA betting has various bet types. Aside from the ones we mentioned, you can also bet on different propositions. For example, you can bet on which team scores the first point. You may also bet on certain players of a particular team and how they fare in the match. The possibilities are endless with the different statistics. Each bookmaker determines the kind of markets they host for you.
How to make a bet
Making the actual bet in Bitcoin NBA betting is really simple and is just like any other basketball bet you make. But since you’re using crypto, you have to get things in order before you start gambling.
Crypto is a real currency, but it’s a virtual one. Meaning that it’s processed differently, stored in other places compared to money in your bank account. If you already possess crypto, you won’t have a problem getting started in a second.
But if you don’t, it’s not a problem. You can get set up with your crypto transactions in no time. We’ll lay out everything you need to do, from starting a wallet to buying and depositing your bitcoin to your chosen bookmaker.
Open an e-Wallet
If you’d like to start your bitcoin basketball betting journey, you need to have an e-wallet. Electronic wallets are, in a way, the bank account that holds your cryptocurrency. It’s super easy to open a new wallet these days and it doesn’t cost a dime. There are a lot of reputable companies that provide secure e-wallet at no cost. Choose the company that you like and register a new wallet.
Once that is done, you need to buy the currency to go about your Bitcoin NBA betting. Coins are bought through online exchanges, like Coinbase. You would obviously pay for it with FIAT money, but you’d also need your wallet address to receive your crypto. Just choose an exchange, buy the amount you need, and it would be transferred to your wallet in minutes.
Choose a Bookmaker and Deposit
When you’re done with all of the previous steps, it’s time to pick an operator. The most crucial point we’re looking for here is one that allows bitcoin NBA betting. Once you’ve chosen your preferred provider, all you need to do is register a new account. When you’ve verified everything, you can now start by depositing your bitcoins. The website will provide you with a bitcoin address to send to from your wallet. Transactions are usually processed pretty quickly, as far as crypto goes.
How to Find a Good Bookmaker for NBA Betting
There are a lot of providers that welcome bitcoin sports betting. While we want to look for those, you still need to go for a website that is both reputable & trustworthy. When you’re dealing with a website that has been operating for years, you ensure that your experience would go smoothly.
Ease of use is also an important factor when you’re determining which provider to go for. You should always read online reviews before making a final decision. They give you an idea of how a certain company goes about their business. Reading feedback from past clients is also crucial in helping you make the wisest decision.
Bitcoin Bonuses & Promotions
One of the things you should also be looking for is the type of promotions your next provider has to offer. It’s always best to go for a website that gets you the best value for your money. Who wouldn’t want a bigger bonus on their deposit to enjoy betting more? Always check the promotions’ page on any website you’re considering not to miss out on good deals.
Best Bitcoin Bookmakers for NBA Betting
There are some providers that prefer crypto betting other than anything else. We’ve compiled a short list of the best names in the industry that do just that. All of these options are carefully selected based on various criteria.
While all of them deal in crypto gambling, you need to make sure that they have these services available in your country. Most of them hold licenses around the globe, but it’s better to be certain. Let’s go ahead and take a look at some of the best bitcoin bookmakers out there:
Bovada is one of the main bitcoin betting sites. It has a casino section, aside from its sportsbook. But, most importantly, it welcomes bitcoin NBA betting with open arms. It integrates various markets for the sport, so you may place your bets however you like. Processing payments on this platform is really simple and quick.
Another company that allows bitcoin gambling is Sportsbet. Their website looks incredible and has a design that is quite suitable for a sportsbook. You can place your NBA bets through this provider quite easily. It has incredible offers as well, if you have never tried them before. You may also bet on other sports if that’s your thing.
MyBookie has been around since 2014 and is known to welcome bitcoin betting. It’s well respected in the industry and has various sports to bet on. Obviously, one of those is basketball. They’re constantly updating their markets with the best odds for you to get the most out of your bets.