Editor - Esports Journalist
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Haven’t you heard? Blockchain betting is the new black. By which I mean the betting industry is midway through a shake-up – with blockchain sports betting revolutionizing the way us bettors interact with online sportsbooks.
And there’s never been a better time to grab a slice of the action. You see, today, bookmakers left, right and center are advertising epic bonuses in their efforts to draw in new bettors. And naturally, these super-modern sites also offer the very latest betting features. How do you get started? Let me show you…
For those of you already familiar with the lay of the land, the banners right here run through my 10 favorite sites that support blockchain in your region. Eat your hearts out.
I’ll level with you – setting yourself up for betting with blockchain for the first time can be a bit tough. It’s a good thing you’ve got me to walk you through it, eh? Here’s how it works:
Your first port of call should be my banners. They’ll point you in the direction of blockchain betting platforms aplenty. All of which are:
But only you and you alone can choose the right one.
Once you’ve met your match, it’s time to sign-up. You can do this by:
Before enjoying blockchain betting, exchange some fiat currency for your preferred crypto using a crypto exchange.
These are basically like stock exchanges for cryptocurrency, some of the most famous ones being:
So yeah… get yourself set up with one of those, too, and buy what you need.
There are actually a fair few accounts you’ll have to set up before you can start crypto betting. Next up, you’ll need a crypto wallet to store your Bitcoin, Ethereum or whatever you bought at the exchange.
Said wallet will be used for deposits/withdrawals at betting sites, so having one’s super-important. Check out my crypto wallet guides if you need a helping hand here, yeah?
Not sure if you’ve heard, but every crypto wallet has an address. To deposit, you’ll need to enter yours with your bookmaker.
Addresses are kinda like codes you can copy and paste onto your bookie’s “Deposit” page to verify a transaction. Sometimes, you might be able to go down a QR-code route instead.
Once you’ve punched in your code, poof. And once your betting account has been funded? Well… it’s time to get betting.
I’ve revealed how you can get yourself registered and all, but first, you need to decide which bookmaker’s actually best for you. The best way to do that? Well, take a butchers at the following pre-signup:
The best blockchain-friendly bookmakers offer decentralized betting via a whole bunch of different cryptocurrencies. Consider which of the following you want to bet with – and double-check your bookie supports it:
Now, cryptocurrencies are known for being fast, so you don’t want a bookmaker that’ll leave you hanging around now, do you? Double-check what transaction times are up-for-grabs.
For me, the best blockchain-friendly betting sites offer the full gamut of major and minor league sports, as well as esports.
Is the blockchain betting site you’re eyeing-up legal in your area? If you found it in my banners, it 100% is. But you still need to shape up on local betting laws pre-game.
My reviews will let you know straight-up whether a brand’s hot or not – I always write from my own experience, too.
Top bookies offer promotions aplenty, such as:
Bonus type | How it works |
---|---|
Free bet offers | Drop a deposit of, say, $10 or more, and the bookie will grant you a free sports bet – though T&Cs will apply. |
No deposit bonuses | Even better – these serve-up free bets with zero deposit requirement. |
“Bet insurance” promos | Bag one of these, and the bookmaker will return your initial cash stake as a free bet if it goes south. |
Now, I reckon a good bookmaker ought to have my back all of the time; and I’ve a feeling you folk will agree. Look out for bookies that offer:
One of the biggest bonuses of blockchain is that all transactions are logged onto an unalterable record, which is effectively fraud and meddle-proof. Though this only applies if your bookmaker supports what they call “end-to-end” blockchain.
Day in, day out I rate betting sites. Here’s how I determine which are best:
For me, if a site won’t let you register in five minutes or less, it’s a no-go. I only recommend speedy platforms for serious bettors.
Is it easy (and fast) to deposit? Whether I’m indulging in a bit of Cardano betting or trying to top up my account with some Bitcoin, I like sites that keep depositing simple. And you should, too.
You can skip right on past a Blockchain betting site if they don’t offer:
No, really.
I’ve found most bookies will leave you waiting longer on withdrawals than deposits – but any longer than 24-48 hours is a red flag, people.
It ain’t all about what I think, you know. For every review I write, I carefully consider what other bettors have said about the platform on sites like:
Part of the beauty of betting with these platforms is the sheer scale of sports you’ll be able to tap into, such as:
Whether it’s the Premier League or the World Cup, all bookies should offer soccer odds. Like… this should be the law.
Mad for NBA? A keen EuroLeague enthusiast? Blockchain sports betting sites have you covered, trust me. Expect to be able to bet on:
Right off the racket, many of my favorite brands serve favorable odds on:
You shouldn’t have to fight your way about the place to find equally excellent numbers on MMA and boxing events. From time to time, you might even be able to bag:
From FIFA to Dota 2, tactical MMOs to first-person shooters, odds on all the big guns are available with my favorite sites.
I’ve unveiled what sports are on offer, now allow me to reveal what kinds of bets you guys can place. These include, but are not limited to:
Ever heard of spread bets? They take some getting used to – but boy, are they worth understanding.
When you’re sports betting via blockchain, a spread bet will grant an underdog a positive spread line. Let’s say the Chicago Bears are down as +7, and are up against favorites, the Dallas Cowboys, at -7. Basically, if your money’s going on the Bears, they’ll need to either win outright or lose within the 7-point spread.
And if it’s going on the Cowboys? Well, they’ll need to win by at least 7 points. Got that? Good, because pretty much every bookie around offers spreads.
On top of your classic moneyline bets – where you’ll be backing one team/player to win – and the spread bets I’ve just talked about, you can also expect:
Bet type | How it works |
---|---|
Handicaps | Handicaps give the underdog boosted odds to level the playing field. |
Over/under bets | Points-based sports like NHL are ripe for “over/under” bets, where you can try to second-guess whether a final score will land above/ below a set number of points or goals. |
Parlays | These involve putting down more than one bet on the same game, on the same slip. Let’s say you back Manchester United to win, and Rashford to score first, for example. |
Whether you wanna get Monero betting or Bitcoin betting, one of my favorite things about blockhain-friendly bookies is, of course, they let you bet directly using crypto. This means you can tap into:
First timer? Perhaps you need a quick crash-course in reading sportsbook odds, eh? Here’s the essentials:
When you’re betting with blockchain, odds are just numbers representing the potential likelihood that an outcome will occur in a game. For example, Djokovic to win the Australian Open. The confusing part? There are three different odds formats.
The three different kinds of odds out there, are:
I’ve written extensively about each format on my site elsewhere if you need more deets, but here’s a quick reminder of how American or “moneyline” odds, the most common format out there, work.
Let’s say a Tether betting site has the LA Lakers to win at +300. The “+” indicates how much could potentially come back from a $100 stake. Conversely, if they have -180 on the Denver Nuggets, the “-“ will tell you how much you’ll need to stake to potentially land $100. And that’s it.
If you like cryptocurrency and you’re also big into betting, what’s not to love about blockchain-friendly betting sites? Sure, it might take you some time to set up a crypto exchange and wallet, but once you’re in, you’re in – and the advantages on the table are tremendous.
As we’ve seen, the best betting sites – such as those in my banners – support multiple cryptocurrencies, and fast transactions. They also serve up many a bonus, as well as great customer support. But guess what? Only you can decide which one’s right for you. Happy betting.
Well… it’s faster, powered by cryptocurrency and arguably more fun. Discover more here…
Transactions are processed like lightning and you’ll get to enjoy a greater level of online security – as well as exclusive bonuses, such as these…
Well… the verification processes in play have a negative environmental impact and, while incredibly rare, hacking attacks are not completely unknown. Protect yourselves accordingly with these tips…
Players must be 21 years of age or older or reach the minimum age for gambling in their respective state and located in jurisdictions where online gambling is legal. Please play responsibly. Bet with your head, not over it. If you or someone you know has a gambling problem, and wants help, call or visit: (a) the Council on Compulsive Gambling of New Jersey at 1-800-Gambler or www.800gambler.org; or (b) Gamblers Anonymous at 855-2-CALL-GA or www.gamblersanonymous.org.