Esports Betting / Crypto Esports Betting / Gamblers Guide: Make Huge Profits with Monero Betting Sites

Gamblers Guide: Make Huge Profits with Monero Betting Sites

Last Updated on 18/05/2024
Fact checked by: James Leeland

Monero betting involves using the Monero blockchain network to fuel your online esports and sports betting activities – and if you haven’t heard of it already, now is the perfect time to jump on the gambling sector’s crypto revolution.

Monero itself, also known as XMR, is an ultra-efficient cryptocurrency that offers significant anonymity benefits over Bitcoin and many of its rivals. It’s also widely accepted by Monero gambling sites – sports betting providers that are a little unconventional, but generally offer the same kinds of online betting services you’d expect to find elsewhere. Here’s how to use them.

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Compare the best Monero betting sites

Introduction to Monero gambling providers – top takeaways and things to be aware of

Monero or XMR is essentially a decentralised cryptocurrency that enables its users to remain anonymous. XMR can be exchanged for goods, services, and other currencies online – and has become particularly popular among sports and casino betting sites of late.

To get started betting on sports with Monero, you’ll need to purchase XMR using a crypto exchange, then select a reliable Monero sportsbook from our comparisons. Here are some important things to note about these providers:

  • Monero online gambling sites offer ultra-secure encryption and the ability to play from anywhere you please.
  • All Monero sportsbooks and casinos allow users to remain anonymous, but some might require account creation, or Know Your Customer (KYC) checks before you can place a bet.
  • Monero isn’t quite as big as Bitcoin just yet, but Monero sportsbooks offering access to NFL, NBA, NHL, and other popular markets are plentiful.

Benefits of Monero sports betting sites 

XMR-based sportsbooks offer you several benefits over ordinary online betting sites, such as:

Anonymity online

Crypto betting sites in 2024 offer you greater anonymity online than regular online sportsbooks. This is largely because cryptocurrencies are untraceable, and bettors can play ID-free without having to register via many Monero and other crypto platforms.

Potential access to superior odds

Gambling with Monero could grant you access to better odds than you might find with standard sportsbooks on some markets. Obviously, you’ll need to shop around to find which operators are offering the best deals, but XMR sites are generally well known for their favourable sports odds on European football and US sports events, as well as on selected esports, too.

Super-fast withdrawals and deposits

Monero’s blockchain is based on an open-source code which not only offers superb privacy but has quite a reputation on account of its efficiency, too – particularly when it comes to transaction speeds. With some XMR sportsbooks, you might even be able to secure instantaneous transaction times on both deposits and withdrawals.

Monero Betting Sites
Pros and cons of Monero gambling sites
  • XMR offers anonymous online betting
  • Bet on sports and casino games
  • Take advantage of faster transactions
  • Enjoy great promotions
  • Not quite as widely recognised as Bitcoin

How we rate each Monero gambling site we review

Our experts at Strafe.com rate and rank all Monero sportsbooks according to the same set of criteria. Each operator is quality-checked for:

Good market coverage

We reveal what sports markets are available.

Safety and security

We check what licences, SSL encryption and other security protocols are in place.

Bonus offers

Most Monero casinos and sportsbooks offer sign-up bonuses. We reality-test these and reveal what to expect.

Usability

We test out any apps and expose real game loading times.

Wallet options

We explore what crypto and fiat currencies are accepted, and what e-wallets are linkable.

Customer service

Our experts reveal who to contact if you encounter an issue.

VIP programme potential

Last but not least, we explore what kinds of loyalty schemes are up for grabs.

How to find the best Monero betting providers 

There are a lot of XMR betting sites to choose from right now, so we’d suggest comparing the market with the following firmly in mind to single out the best ones:

Licensing and reputation

The best crypto casinos and sportsbooks should hold a licence from a recognised body like the UK Gambling Commission. Ideally, XMR sportsbooks should have been in business for at least a few years or more, too, so do a little research on the provider’s rep.

Country-centric restrictions

Some Monero gambling sites simply don’t offer their services in certain regions, which could be a problem if you live in those places. Check your preferred provider’s T&Cs to confirm it’s accessible where you live.

Market coverage 

Finding an XMR betting platform that offers access to your favourite crypto gambling games is essential. You should also double-check that Provably Fair games are available. These are games that have verifiable outcomes, which offer you an extra layer of security. Compare widely, as every betting site is different.

Our favorite sport betting sites

Our expert guide to Monero gambling 

XMR gambling is much like betting with a regular online sportsbook, except you’ll be using a highly-secure and fast-acting cryptocurrency instead of cash. Let’s walk you through how to get started with Monero sportsbook sites.

How do I start gambling with Monero? 

Simply follow these steps to get the absolute most out of betting with an XMR site:

Purchase XMR from a crypto exchange

To get started, you’ll need to purchase some XMR using either a fiat currency or another cryptocurrency. You can achieve this using a crypto exchange – but be sure to read the reviews of different exchanges beforehand to find one you can be sure is 100% legit.

Create and verify an account with a Monero gambling site

There are several XMR betting sites out there to choose from. Use our comparisons to find one that suits you, then create an account. Some providers might require KYC checks, while others won’t need you to register before betting at all. Either way, you’ll always remain anonymous when actually placing bets.

Transfer funds to top up your XMR sportsbook account

You’ll need to make a deposit to get started, which will usually be instantaneous. If claiming a bonus offer, your deposit might need to exceed a certain qualifying threshold – be sure to double-check.

Pick Provably Fair Monero games to play with

Most crypto sports betting apps have seriously varied game portfolios, so pick your games wisely. To benefit from verifiably fair sports odds and games, only ever place bets on games that are listed as “Provably Fair”.

Request a withdrawal when ready

Once you’ve accumulated an XMR amount you’re comfortable with, it’s time to request a cash out. You should be able to withdraw quickly, as you’ll be using super-fast crypto.

How do I request a withdrawal from Monero online gambling platforms? 

The procedure you’ll usually need to follow to cash out is really pretty simple. It should look something like this:

  1. Go to your provider’s withdrawal page.
  2. Pick your preferred withdrawal method.
  3. Set the amount you wish to cash out.
  4. Enter your crypto wallet details.
  5. Receive your funds after processing.

What does the future hold for Monero betting?

Much like NFT casinos in 2024 and BTC betting sites that accept Bitcoin Cash, XMR sportsbooks are quite clearly growing in popularity, so it’s safe to assume we’ll be seeing a lot more of them in the near future.

Cryptocurrencies offer a lot of benefits in terms of anonymity and fast transactions, meaning many commentators anticipate online currencies like XMR will play a much bigger role in the online gambling sector in years to come – though only time will tell.

Strafe verdict on Monero sports betting providers

XMR sports betting offers a ton of great advantages over using regular online sportsbooks, so it’s easy to see why Monero gambling has become so popular in recent years. You’ll need to know your way around cryptocurrencies and exchanges before you get started, but once you understand these and how XMR betting sites work, it’s hard to really go far wrong.

When comparing the market, look out for providers that allow you to unlock the full potential of superfast deposits and withdrawals without imposing their own waiting times on you. We’d also recommend keeping an eye out for superior odds and access to the sports markets you enjoy betting on most.

Our favorite sportsbook bonuses

Monero betting FAQs 

❓ Which crypto exchange should I use for Monero sportsbooks?

When purchasing crypto for use on Monero sportsbooks or other crypto-based betting sites, you’ll need to decide on an appropriate exchange to use. It’s advisable to research widely and check out past customer reviews to help you settle on an exchange you can trust. Find out more about crypto betting online with Strafe.com.

⌚ How long do Monero withdrawals and deposits take?

Superfast deposits and withdrawals are one of the top benefits of using Monero and crypto-based betting sites over regular online sportsbooks – but how long can you expect transactions to take exactly? Strafe.com has all the info you need.

🧐 How do Monero betting sites work?

Monero betting sites are aimed at crypto users who wish to place bets on sports odds and casino games online, but how are they powered and what must bettors do to physically use them? The latest gambling guide from Strafe.com has the answers.

You might have read quite a bit about XMR-based online sports betting and casino gaming lately, but are these activities 100% legit? Find out with Strafe.com today.

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