As cryptocurrency gambling becomes more commonplace, Bitcoin horse racing betting is enjoying increasing popularity. Horse races are some of the oldest and most lucrative markets to bet on. For these reasons, you won’t have trouble finding reputable online racebooks. Now punters have the choice of horse racing betting with Bitcoin due to the growing use of cryptocurrency. This horse racing betting guide provides some useful information for beginners.
Top Sites for Bitcoin Horse Racing Betting 2023
How to Bet on Horse Racing With Bitcoin
Gambling with crypto coins is not complicated. The bets remain the same as with conventional betting. So, if you know how horse betting works, you won’t have any trouble with Bitcoin. Gamblers only have to know how to acquire and deposit digital currency. Firstly, you need a Bitcoin wallet, which allows you to send and receive Bitcoin. Search for the most reputable platform and consider the fees as well.
Secondly, find a cryptocurrency exchange where you can buy and sell coins. Open an account and buy the Bitcoin amount that you require for horse betting. Then find the best horse racing betting site, open an account and deposit the funds. Proceed to find the most suitable selections and stake money on desired bets. Most Bitcoin sportsbooks will convert the digital currency to fiat to make betting easy. If your wager wins, then you can withdraw the funds as digital currency.
Types Of Bets in Horse Racing
Before you get into Bitcoin horse racing betting, learn about the various bets that you can place. On the surface, horse racing crypto betting might appear complicated. However, all it takes is a clear comprehension of the bet types. So, here are some popular ones:
- Win – The wager is on the winner of a race.
- Place – Betting on a horse to take the first few positions, which depend on the number of racers. If it’s a 7-horse race, then the bet is for first and second. However, for a 16-horse handicap, it’s between first to fourth.
- Each-way – The stake is divided into two; one on a win and the other on a place bet.
- Double/parlay – Wagering on the winners of two consecutive races. This type is popular in Northern America.
- Across the board – Betting on a racer to take position 1, 2 or 3. You get three payouts for a win and two for a place.
The Most Famous Horse Racing Events in the World
Horse racing boasts some of the most prestigious events on the sports calendar year. Before you start horse racing betting with Bitcoin, educate yourself on some of the top competitions. This information is vital when comparing horse racing odds. The UK is home to some popular race meets due to the long history of the sport in the region. However, punters have alternatives in the US, France and Japan, among others. Top events include:
- Kentucky Derby: Held in May in Louisville, Kentucky, the meet is the US Triple Crown’s first leg.
- Grand National: Held in April in Aintree, England, the race is the finale to the National Hunt type of race. It’s a 3-day event that involves horses going through obstacles.
- Prix de l’Arc de Triomphe: The race is one of Europe’s most prestigious. It takes place in October, on the first Sunday at the Longchamps Racecourse in Paris.
Betting Tips and Strategies
A solid strategy takes most of the hassle out of Bitcoin horse racing betting. Although no one formula assures you of a win, a few horse racing tips can go a long way. As with any other forms of gambling, have a budget. Due to the flexibility and fast transactions of digital coins, you can lose control easily. Therefore, set clear bet limits. One of the best horse racing tips is to find a suitable sportsbook.
Consider websites that offer live horse racing because it has some of the highest odds. Leverage all the resources that are available to you. Free horse racing tips are invaluable, especially for beginners. You can also find the latest horse racing predictions, which are based on research and an in-depth understanding of the sector. Punters can get opinions from experts and use them to make informed decisions.
Online Promotions For Horse Racing Betting
For the best experience with Bitcoin horse racing betting, gamblers should take advantage of various promotions. Horse betting platforms have some of the biggest offers to attract customers. Hence, bettors will find promotions for new and existing users. The welcome or signup bonus is the most popular. A Bitcoin sportsbook can reward punters for registering accounts and depositing funds.
In some instances, though betting sites offers bonuses without requiring deposits, and these qualify as no-deposit bonuses. Another common kind is the reload or recharge offer where bettors get bonus funds for continued deposits. Some bookmakers have loyalty bonuses usually targeting VIP customers. Some promotions are tailored to specific bets, such as parlay wagers. Seasonal promotions are also present where an operator offers bonuses during a specific period like Christmas or other big holidays. Refer-a-friend promotions encourage customers to recommend a site to other punters in exchange for a reward.
The Best Bitcoin Sportsbooks For Horse Racing
When it comes to choosing Bitcoin horse racing betting platforms, punters have to be extra cautious. Cryptocurrency gambling is only just taking root and, thus not a lot of bookmakers provide it. Therefore, you have to be certain that your preferred sportsbook is legitimate, with a good reputation and valid license. Look at the market coverage when comparing horse racing betting sites to ensure that they provide what you need. The customer service and site usability matter as well. Below are two top choices.
Cloudbet
This bookmaker set the bar for Bitcoin horse racing betting. Cloudbet is among the first operators to offer cryptocurrency gambling so punters can trust its experience. It covers a majority of the horse races that run yearly. Gamblers get early odds for UK and Ireland races. The betting website offers a variety of bet types, hence bettors with different budgets can find appropriate options. Cloudbet has generous promotions including an attractive welcome bonus.
22Bet
If you prefer a sportsbook where you can wager with fiat and digital currency, then 22Bet is worth considering. The operator offers services across the globe and boasts incredible market coverage. You can stake money on races across the globe from the UK to Australia to South Africa. Gamblers can leverage highly competitive racing odds, in-play betting, and live streaming. 22Bet also has one of the best mobile apps.
Intertops
Intertops is another top choice for betting on horse races. With its generous welcome bonus of up to $200, it’s definitely worth the try. It has an easy-to-navigate website and a wide range of options to contact customer support. Keeping in mind that this bookmaker was established way back in 1983 we can definitely conclude that Intertops has come a long way in online sports betting.
The Sports of Kings – Is It Worth Betting On Horse Racing
Horse race betting is an attractive market to gamble on because it provides something for everyone. Punters have race meets from all over the world to consider when horse racing betting with Bitcoin. Additionally, the sport consists of different types of races, such as jump, flat, and endurance racing. For these reasons, bettors have many options.
Another reason horse betting is attractive is that it offers fast-paced action. Watching a horse race live as you cheer for your favorite is part of the fun. Bitcoin horse racing betting can be lucrative when done right. Therefore, gamblers should take the time to understand more than the basics and capitalize on what the sport has to offer.