Bitcoin NFL betting has been around for a while now and there are already online sportsbooks that are dedicated only to cryptocurrency gambling. However, many punters are still confused with this invovative way of betting and they’re not sure how exactly to do it. This is why we decided to shed some light on this trend that will probably become even more prevelent in the future. Read on and try a new way of sports betting!
Top Sites For Bitcoin NFL Betting 2023
Bitcoin NFL Betting – Pros and Cons
As cryptocurrency becomes an acceptable payment form, online sportsbooks are providing more options for punters like Bitcoin NFL betting. American football has a large following, even beyond the borders of its native country. The National Football League is the top level of competition in the sport, hence its popularity as a betting market. Now punters have the choice of playing the market using Bitcoin.
With Bitcoin football betting, gamblers get to capitalise on the fast speeds of crypto transactions. Withdrawing with Bitcoin takes anything from 15 minutes to one hour. Therefore, if you need access to your gambling wins fast, BTC betting is an excellent solution. Crypto betting is also extremely safe and saves you money due to the low fees involved.
Before looking up NFL betting lines, though, understand that gambling with Bitcoin has certain risks. Digital currency is extremely volatile, and that can lead to losses when the value tanks. Nonetheless, some bookmakers try to cushion customers by converting cryptocurrency to fiat currency immediately after deposit. Another disadvantage is that crypto gambling is a relatively recent concept. Thus, it has yet to gain full confidence among some gamblers. Additionally, not many sportsbooks offer the option to bet with digital coins.
Making a Bet – How to do it
The NFL is one of the most-watched sports leagues in the world. 16 teams compete with the best 12 proceeding to the playoffs that end with the championship game – the Super Bowl. Due to the prestige of the league, many online bookmakers offer NFL odds. Over the years, teams have become more competitive, and that makes for great gambling opportunities. The only difference between Bitcoin NFL betting and regular gambling is the use of cryptocurrency for wagers. Of course, there are steps involved in acquiring Bitcoin and depositing it in a gambling account. However, at its core, crypto football betting offers common bet types.
After depositing funds, punters can stake money on NFL point spreads, total wagers and futures, among other bets. You can make selections the same way that you would in traditional NFL
betting. If you win, then the sportsbook can transfer payouts as crypto coins or convert them to fiat currency. Below are pointers on how to bet with BTC.
You Need an e-Wallet First
Bitcoin sports betting requires you to have a wallet that you can use for transactions. Your BTC wallet lets you send and receive funds. Research the market to find the best option because crypto wallets are not all the same. Once you identify a platform, sign up. Usually, it’s a short process that gets you a wallet ID. Note that this ID is different from a Bitcoin address. Also, wallets generate unique phrases for security. You can include your phone number for added protection, as well.
Get Some Bitcoins
The second step to Bitcoin NFL betting is getting the digital currency. For this, you have to find a Bitcoin exchange. Cryptocurrency exchanges allow you to sell and buy digital coins. Punters have a good number of exchanges from which to pick. Therefore, do your due diligence and find vendors with the lowest commissions. Register at your preferred exchange and select a payment mode. Most platforms accept credit and debit cards, but you can also buy Bitcoin via online wallets and bank transfers.
Pick a Site and Deposit
So, now that you have a wallet and digital currency, you need the most suitable bookmaker. Look up Bitcoin sportsbooks that cater to your specific gambling requirements. For example, you might want a site that provides NFL picks and parlays. Once you settle on a betting site, open an account. Go to the cashier page and click the deposit option. Then choose Bitcoin if the platform supports more than one currency. The site will generate a one-time BTC address, which you will use to transfer funds.
Finding a Good Website for NFL Betting
Cryptocurrency is not where it was as an increasing number of sportsbooks adopt blockchain technology. Although the alternatives are still limited, bettors have a decent selection. One type of Bitcoin site is the one that supports BTC exclusively. Another option is an operator that accepts several digital coins, including Bitcoin. Gamblers also have the alternative of hybrid or Bitcoin-friendly platforms. These sportsbooks offer both fiat and cryptocurrency betting. When comparing BTC betting websites, consider which of these works best for you. The reputation of a provider matters as well. Stick to legitimate platforms that you can trust with your money.
Bitcoin Bonuses & Promotions
Cryptocurrency betting sites have enticing bonuses because, just like regular operators, they want to attract punters. In fact, some Bitcoin bookmakers have better sports promotions than their fiat currency counterparts. The types of offers are not different, though. Welcome packages are the most common. So, new players have something to look forward to. Punters can also find BTC bonuses for specific kinds of wagers, such as parlay, accumulator and moneyline. Rakeback or cash back are other popular promotions. Bonus offers make a huge difference in your Bitcoin NFL betting. Hence, be attentive when comparing offerings from various sportsbooks.
Best Bitcoin Providers for NFL Betting
For the best experience with Bitcoin NFL betting, take the time to find a good bookmaker. Firstly, stick to licenced Bitcoin betting sites. Secondly, find bookmakers that have the highest odds. If you are gambling the championship game, compare Super Bowl line offers to make sure you get the best value. Consider the deposit and withdrawal limits. If you for high stakes, then you require an operator that provides high limits. The market coverage is vital too. What types of bets are available for Bitcoin football betting? Punters should also read reviews to see what a sportsbook has to offer for Bitcoin NFL betting. Below are three top options.
This operator has been accepting Bitcoin payments for a while, and that experience reassures bettors. Seasoned gamblers will appreciate Bovada due to the broad market coverage. Bettors can wager on everything from Super Bowl Spread bets to college football. Apart from Bitcoin, Bovada also accepts credit cards. Users can bet on hand-held devices courtesy of a sleek native iOS and Android app.
Another bookmaker that allows you to wager on NFL with Bitcoin is sportsbet.io. The site offers a wide variety of pre-match and live events. This betting site is perfect for beginners because it is simple to use and provides a lot of information on cryptocurrency gambling. Customers also enjoy decent odds.
Punters playing here can participate in exciting contests and bonuses. The sportsbook is a hybrid site, meaning that you can wager in fiat currency and Bitcoin. Bettors get some of the largest product offerings. Live and mobile betting are available as well. MyBookie has highly competitive NFL super bowl odds, which are available in American Vegas style.