Back in 2020, the number of bitcoin holders exceeded 23 million and their number is growing daily. Cryptocurrency has long been a full-fledged means of payment. Bitcoin betting is also in demand. Even many professional bettors prefer digital currency to carry out transactions on betting sites.
Where to buy bitcoin to place crypto betting
To bitcoin betting, the cryptocurrency must first be purchased. To do this, you need a special digital wallet. You can do it for free using dozens of services available on the Internet. Then you need to decide on the way to buy bitcoin:
- an exchanger on the Internet;
- cryptomat on the street;
- exchange.
The online exchanger is the easiest and most affordable way. You can buy cryptocurrency in any quantity using a bank card, electronic wallet, or payment terminal. Traders use exchanges more often. It is much more profitable to buy bitcoin there, but for this, you need to understand the topic. The downsides are high fees, the difficulty for newbies, and reduced security.
Cryptocurrency ATMs are an alternative and least popular way to buy digital currency to bet on bitcoins. You can find such a terminal not in all countries and not in all cities. There are restrictions on the maximum amount, but you cannot use a bank card, the cryptomat accepts only cash.
When the crypto wallet with bitcoins in the account is already ready, you need to choose a good bookmaker. https://sportbet.one is suitable for betting. Foreign bookmakers are popular for many reasons:
- clear for everyone and user-friendly interface;
- bitcoin sportsbook allows you to place bets on all popular sports;
- there are eSports disciplines;
- there are American sports;
- you can replenish the deposit with bitcoin or altcoins;
- there is a live model.
This bitcoin sportsbook does not convert a deposit in cryptocurrency into fiat money, the funds won can be withdrawn to the same wallet.
What sports bets can you make with Bitcoin?
With bitcoin sports betting can be done in the same way as with regular currency. The list of disciplines depends on the chosen bookmaker. Popular among betters who make bitcoin sports betting are the following types:
- football;
- basketball;
- American football;
- rugby;
- tennis;
- table tennis;
- eSports disciplines;
- MMA;
- hockey and others.
- The main crypto bets are:
- singles or “ordinaries”;
- express or “steam locomotive”;
- systemic.
For beginners who have just started making crypto betting, single bets are suitable. The bet is made on the outcome of one particular event. Express is used by more experienced bettors. In the coupon, you need to collect several bets on fights that are not related to each other. This is beneficial because the coefficient is much higher. The disadvantage of the express is that if at least one event is predicted incorrectly, the player will not receive a win.
Crypto betting in each sport has its specifics. For example, in tennis, there can be no outcome X, because there is no draw. In this sport, it is beneficial to apply strategies such as the classic dogon or the Danish betting system.
