Best Online Bitcoin Sportsbooks – Top 3 Sports Betting Sites For Bitcoin
Betting on sports is a very popular form of entertainment that can be traced all the way back to before chariot races in Rome thousands of years ago. Exactly how far back, nobody really knows, but I’m sure it’s got to be close to the beginning of organized competitions. Fast forward to today where the popularity of sports betting has grown by leaps and bounds since its inception. The world has not only taken notice of this gambling pastime, but has made it a lot easier to take part in as well. Risk takers, action junkies and sports fans no longer need to meet up with their shady bookies in back alleys to place their bets. With the advancement of technology, casinos now offer their wagering services online with the touch of a button and from the comfort of your living room, and even with digital currency like Bitcoin. Nowadays you can even place your bets from your smartphone while on the go. Isn’t life great!
What is a Sportsbook?
A sportsbook, or book, is an establishment where a gambler can place wagers on the outcomes of any particular sporting event or competition. Some of the most popular sports that people bet on are football, baseball, basketball, MMA and golf. If you choose the winning side, team, or individual correctly, the sportsbook will also pay out your winnings to you. On the other hand, if you lose your bet the book keeps the money that you wagered, so try to choose correctly. Until the early 2000’s you had to physically go to the nearest brick and mortar casino that offered a sports book section and place your bets in person. Now with the internet as the center of the universe, online sportsbooks are becoming the rage.
Our Top 3 Bitcoin Sportsbooks
No more need to find a friend that has a friend of a friend that might know someone that can take your sports bets, lol. We at Bitcoin and Gambling have done all the homework and made all the phone calls for you. Each of the sites on our Top 3 list have been tried, tested, verified and found to be at the top of their game when it comes to online sportsbooks that accept Bitcoin. These companies have been around for ever and are among the most reputable in the industry. So without further ado, they are as follows:
What can I bet on at an Online Sportsbook?
The quick and easy answer is ALMOST ANYTHING, lol. Of course you can place wagers on all your favorite team competitions like football, baseball, basketball, soccer, rugby, and cricket. I’m sure that I’ve left out numerous other team sports, but you get the idea. You can also place bets on most popular solo sports like MMA, boxing, tennis, golf, bowling, billiards and darts just to name a few. Both professional and college games are available to wager on. And the options don’t stop there! If there’s a major event of any kind going down in politics, business, or even the entertainment world, you just might find someone willing to bet on it. For example, some sportsbooks offer betting lines on such things as presidential elections and other crazy events.
Most Popular Sports to Bet On With Bitcoin
- Football: Football by far has the most bets placed on it over any other sport out there. Find out where you can bet on both Pro and College football, and tips and strategies to help put the money in your pocket. Bitcoin Football – Top 3 Bitcoin Football Sites Revealed for 2017 -2018 Season
- Basketball: Only behind football, basketball ranks 2nd as the most popular sport to bet on nationwide. Learn the fundamentals of wagering on basketball, and find out where to place your bets. Bitcoin Basketball – Top 3 Online Sportsbooks for Betting The 2017 – 2018 Basketball Season
Can I use Bitcoin for Sports Betting?
YES! Just incase you haven’t caught on to the name of this website, we highly recommend and encourage everyone out there to take advantage of everything that Bitcoin has to offer when it comes online gambling. Our homepage goes over how Bitcoin is changing online gambling as well as pointing out many of the benefits and special privileges that Bitcoiners receive. From generous Bitcoin Deposit Bonuses to super fast payout speeds and anonymity for it’s users, Bitcoin and gambling are perfect partners.
Types of Betting
There are typically 3 main ways to bet on a sporting event or competition. They are Money Line bets, Spread bets, and Points bets, or the over/under as it’s commonly referred to. There’s also prop bets, or proposition bets, that are less commonly taken but worth going over as well.
Money Line Bets: Commonly referred to as a line bet, or the line, is simply picking which team or solo athlete will win the particular event. This is the easiest bet to take for beginners or for those that just want to cheer on their favorite team. For example; if you bet the Cowboys money line to win over the Dolphins and they win, then you win, it’s that simple. There’s one important factor to consider when placing these types of bets and that’s the line itself. Lets say that the Cowboys money line was -280, this means that you would have to lay $280 to win $100 ( the – sign represents the favorite ). Because they’re such a favorite, you have to lay odds to make it fair for the other side of the bet. Without this line everyone would just bet the favorite every time and the sportsbooks would go broke really quickly. On the other hand, let’s say that the Cowboys were the underdog and there line was + 240 ( the + sign means underdog ). This means you would bet $100 to win $240. Basically with this type of betting you have to risk more when you like just picking the favorites, which sometimes makes it hard to make big profit unless you always pick correctly, which is extremely hard to do.
Spread Bets: Also known as point spread, is a bet that the better team will outscore the weaker team by a certain margin of points which is set by the bookmakers or oddsmakers. For example; the Redskins are favored by 7 points over the Jaguars, so the spread is 7. If you bet on the Redskins with that spread, they would have to win by more than 7 points for you to get paid. On the flip side, if you would have taken the Jaguars as a 7 point underdog and the final score was 27-21 Redskins, you would have won your bet even though the Redskins won the game. This is because the Jaguars essentially did better than losing by 7 points. With these types of bets you’re forced to make decisions as to whether or not your team can handle the spread or not, one way or the other. So even though you like the Redskins in this example, if you don’t think that they can beat the Jaguars by more than 7 you would bet with the Jaguars and the spread.
Points Bets: Also known as over/unders in the sports betting world. As the name states, your betting on whether or not the 2 teams combined score will be over or under the total score set by the oddsmakers and sportsbooks. For example; the over/under for the Celtics and Pistons match is set at 145. You can either bet that at the end of the game the combined score will be more or less than 145. If you bet the over and the final score was only 141, you lose. Obviously if the final score was 163 you would win. Some online sports betting sites even have these types of bets for both individual halves of the game. so you could bet on one set of points for the first half, and a second or separate set of points for the end of the game.
What is a Prop Bet?
A prop bet, or proposition bet, is a side bet, or novelty bet that usually has very little to do with the overall outcome of a game or event. for example; Will the coin flip at the beginning of the game be heads or tails? A sportsbook will explain a certain scenario like the flip ( above example ) and then place odds on that scenario happening. Another example of a prop bet would be; will the opening kickoff ( in a certain football game ) be returned for a touchdown? Now you’re getting the idea, right? Most proposition bets are fan fueled for added entertainment and are the most prevalent in the NFL, NBA, and MLB, but can be found in many other sports as well. And don’t worry, the sportsbooks that made it on our Top 3 list will certainly offer their share of prop bets for you to take advantage of when you get the urge to try something other than just betting on the final outcomes.
Thank you for taking time to familiarize yourself with the fundamentals of sports betting whether it’s at your favorite land based casino or on one of our top 3 Bitcoin friendly sportsbooks displayed above. You should have enough knowledge now to feel comfortable placing bets on your team or athlete of choice when the big game arrives. Just take it slow and have fun!
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