How to Use Bitcoin for Sports Betting

Your Ultimate Bitcoin Betting Guide

Bitcoin and other cryptocurrencies are becoming more popular online financial transaction choices for your purchases. So we wanted to see how well they work when using an online sportsbook or casino site.

At Strafe.com, our highly-qualified team created this Bitcoin betting guide to give you an in-depth analysis of what placing wagers online using a cryptocurrency will be like. We will also highlight the important factors you should consider before registering a sportsbook account to make the most of your sports betting experience.

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Who should make use of the comparison? Sports betting enthusiasts

In this guide, we'll be looking at how to use Bitcoin for sports betting. So we'll detail who will benefit from this article the most, including new customers to online sportsbooks and those who have some experience in sports betting but little knowledge of using crypto payments.

Crypto users

If you're someone who enjoys watching various sports events and you're familiar with investing and making transactions with cryptos, then using a Bitcoin-based sportsbook could work to your advantage. We suggest that new customers look into the range of cryptocurrencies available to trade and complete transactions. For example, if you have a history of using Litecoin, you'd want to use a sports betting site that accepts that digital coin.

Sports fans

Football betting is one the most wagered sports across Europe, and especially in the UK. Several popular football tournaments generate a massive following, including the German Bundesliga, the Spanish La Liga, the French Ligue Un, and the English Premier League. Different factors come into play when betting on these teams. They can determine their odds, so finding an operator with the most competitive odds if you decide to bet with Bitcoin is something to be aware of before creating a sportsbook account.

New and experienced sports bettors

Whether this is your first time delving into the sportsbook world or you're a more advanced bettor, Bitcoin payments could be an excellent decision. We found that using cryptocurrencies for your deposits and withdrawals is as straightforward as any fiat currency. In addition, most operators try to cater to different skill levels, so using Bitcoin to bet on your favorite sports team should be an easy and efficient process and develop your skills and winnings in the long run.

Operator checklist: 5 things we look for when rating operators - key objectives

When creating this Bitcoin betting guide, we looked for the five most important points that make an operator stand out from the competition. Our research spans several sportsbooks across Europe that aim to provide their customers with exceptional service. So we took our time in putting together this objective review to help you understand what is essential before starting your sportsbook journey.

Range of sports provided

Although some sportsbooks could be specific to one sport like football or basketball, the majority of operators across the UK and Europe will provide an impressive range of sports and sporting events to choose from. If there isn't a decent range of tournaments, you may have to look elsewhere until you get the selection you want to improve your betting strategy.

A secure platform

At Strafe, customer safety is very important. So we want to ensure whichever sportsbook you choose to bet with also has security as a top priority. We recommend looking through the operator's information pages and terms and conditions to see how well they're prepared against hacks and internal scams. We think sites with special encryption software and other advanced authorization technology are a great way to discover if your funds will be safe.

Customer reviews

Before you pick which sportsbook to register to, we suggest checking the customer reviews of the platform. This is an accurate way to discover how well the sports betting site performs for customers of different skill levels. And whether they decided to keep using the sportsbook or not to help you make your final decision.

Regulations

It's also important to check how well the site is regulated. Not every online sportsbook will offer crypto betting, so finding one that has access to Bitcoin and even other digital coins is essential to your sports betting journey. In addition, you want to use a sportsbook that is fully licensed to work in your place of residence to ensure you have access to all the features on the site.

Bonus limits

We also found that many sportsbooks offer their new and existing customers bonuses. We suggest that you look through the promotion terms and conditions to see if your betting strategy and needs align. You may want to take advantage of these offers, so ensuring you meet the depositing needs, you can enhance your Bitcoin sports betting experience.

Editor's recommendation – the best operator 

We wanted to highlight an operator option that can be a top choice if it matches your sports betting and Bitcoin live casino needs.

Stake.com

This is an excellent operator choice as it has a wide range of casino games and a sportsbook. So if you're someone who wants variety in their style of betting, then this could be a standout option for you. It has an easy-to-use design, making navigating through the website a breeze. It also has a fully optimistic mobile site, making placing bets while you're on the move as easy as using the desktop site.

There is a range of cryptocurrencies to choose from in addition to Bitcoin. You can also select a fiat currency like EUR or GBP if you'd prefer. It has an excellent range of promotions, making this popular for long-term users who want to take advantage of these features to improve their sports betting development.

Finding the right operator for you - matching your betting needs

When choosing a sportsbook, our Bitcoin betting guide wanted to highlight some important features to consider before making that decision. Your sports betting technique differs from anyone else, so you want to ensure you're getting the most out of the online experience in the long run.

Choosing a sport

As mentioned in this Bitcoin sportsbook guide, there may be operators with a wide range of sports or some focused on one. So if you know you'll be using the sportsbook solely for tennis, finding an operator that has the most competitive odds for each national and international tournament can improve your betting skills.

Casino and sportsbook options

You may also want to register with an operator that has access to a sportsbook and a casino site all on the same platform. If you're familiar with casino games and want to go back and forth between that and sports betting, finding an operator with a streamlined user experience will help you make the most of this betting style. In addition, some platforms will have a fully optimized desktop and mobile device site. If you're someone who likes to bet on the go, having a Bitcoin casino app or sportsbook available on an Android or Apple device can be beneficial to you.

Simple design

No matter what skill level you are in sports betting, finding an operator that has an easy to navigate design is always a bonus. Some may include advanced features for players who are more familiar with that betting style. But we suggest selecting a platform that has a simple and efficient sign-up process, payment options and simple to follow website layout to enhance your sports betting experience in the long run.

5 ultimate tips for using the best operators - Important information for sports betting

At Strafe, we detailed the five crucial tips for using a sportsbook in our Bitcoin betting guide. We aim to develop your understanding of crypto-based sportsbooks before making your operator choice to ensure your betting experience will grow overtime.

Creating a betting budget

We found that sticking to a budget is an excellent way to keep on top of your funds. You may also want to write down how much you've wagered for each sporting event, depending on how frequently you bet during the day, week or month. Using a budget will prevent you from any significant losses that could ruin your betting experience in the future, especially if you're new to using sportsbooks.

Checking the operator's customer service

We think that a sportsbook customer service team needs to be hands-on when answering member queries and concerns. We suggest looking for an operator with a few ways to contact them, including a live chat, phone number or email address. A live chat is the most efficient option as many operators will provide this to their users 24/7. This is perfect if you're someone who's placing a wager at various times of the day and want an almost immediate response. However, not every platform provides a live chat, so choose wisely.

Bet within your means

In addition to setting a budget, you may also want to start by placing wagers of small amounts. This is an excellent idea for new customers familiar with the platform and finding the best odds on specific sports events. It may be tempting to choose an odd with a substantial amount you can win, but without researching the teams and their player's stats, you could risk losing more than you bargained for.

Utilize promotions

Not every sportsbook offers its customers welcome bonuses and offers for Bitcoin users. But if they do, we suggest you use these to your advantage. It can be a great way to understand how odds work for different sports. For example, you may be given a risk-free offer that allows you to place additional bets without spending your funds first.

Reading the small print

If you've decided to use a promotion, we suggest that you check the terms and conditions to find out when the offer expires. You also want to ensure you can use Bitcoin on your preferred sports event. So double-check that you meet the wagering requirements beforehand to avoid disappointment on the platform.

Conclusion - give Bitcoin sportsbooks a try

Overall, we hope you discovered how to use Bitcoin for sports betting as a great idea if you're new to the sportsbook world or have some experience. Most sportsbooks are improving their sites to be up to date with your locations' rules and regulations regarding sports betting. So this will encourage a more efficient way of playing whether you're using the best Bitcoin casino or sportsbook.

Although not every operator offers crypto-based betting and promotions, the ones that do have an impressive range of sports to choose from to help you familiarize yourself with different odds and how to place wagers online. If you'd like to know more about Bitcoin sportsbooks, casinos or how to use Bitcoin casino free spins to enhance your performance, check out Strafe for in-depth betting reviews.

The very best crypto betting bonuses for September

Bitcoin betting guide FAQ 

✍ How do I successfully use Bitcoin to bet on sports in the UK?

If you're wondering how to use Bitcoin for sports betting in your area, look no further! Our team at Strafe have created several detailed reviews to help develop your understanding of Bitcoin and other cryptocurrencies when it comes to sports and casino betting. So whether you want to try esports betting with Dogecoin or make the most of a casino free spin, our guides will show you how to use Bitcoin to bet online successfully.

❓What esports can I bet online?

Several esports tournaments are available to bet on nationally and internationally. Our Bitcoin betting guide looks at how you can enhance your performance before choosing an operator to start your esports betting journey. To discover which esports you can place wagers on and whether CSGO Bitcoin betting is possible or not, check out Strafe.

🌍 What cryptocurrencies do sportsbooks accept as payment in the UK?

Across Europe, a growing number of digital coins are being used for more than transactions online, including sports betting and casino sites. Our website is full of reviews to find out which of these coins are accessible to use on sportsbooks. To find out whether a Litecoin or Bitcoin betting guide is useful in your location or if the best Bitcoin betting sites are accessible to you, check out our website.

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