The Best Bitcoin SportsBook and Sports Betting Sites of 2015
Bitcoin is one of the most important currency technologies to appear in a long time. This currency, which is nearly anonymous, has enabled new financial transactions to pop up all over the world. These transactions are instantaneous and require no transactions fees, this has the power to change how people interact financially with each other.
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Bitcoin is one of the most important currency technologies to appear in a long time. This currency, which is nearly anonymous, has enabled new financial transactions to pop up all over the world. These transactions are instantaneous and require no transactions fees, this has the power to change how people interact financially with each other.
One of the worlds that is experiencing an influx of new Bitcoin users is the gambling world. With its lightening quick transactions fee-less transactions, the gambling industry is going to greatly benefit from the introduction of Bitcoin. Nowhere has this been more apparent than with the emergence of the Bitcoin sportsbook. These sites operate similarly to traditional sportsbooks, but rely on Bitcoin as the main method of payment.
The deposit process is simplified in these kinds of sportsbooks. Remember that each Bitcoin has a certain number that is part of what is part of what is known as the blockchain. Your Bitcoin also comes with a correlating private key. You are unable to make any transactions without the private key. In the case of sportsbooks, you simply send the amount of Bitcoin that you want to the address. Remember that once Bitcoin transactions are done they are irreversible.
One of the advantages that you have with Bitcoin is that the minimum deposit is very small. For example, most casinos only require .01 Bitcoin as a minimum deposit (this works out to about $6 USD). What’s more, the deposits are lightning fast and you don’t have to wait excessively to get your money. In the past you had to jump through hoops to get your money from the online sportsbook. There was also a deterrent from people who believed that the sportsbooks may be insolvent. Once you see how fast your payments are processed, you will likely change how you feel about the online Bitcoin sportsbook.
Click here for a list of Gambling, Casinos, Sportsbooks and Dice sites!
Now it’s time to take a look at the most popular options:
CloudBet
Cloudbet is a newer site to the Bitcoin scene, but that does not mean that they should be discounted. The world of online sports betting can be a seedy place, which is why it is important to vet the sites that you play on thoroughly. Initially though, it does seem that Cloudbet offers a reputable and wide selection of games. In addition to sports, they have an entire online Bitcoin casino that includes live dealers. Most importantly, the sportsbook has a very large variety of sports to choose from. Literally almost any sport that you can think of is available on Cloudbet. Check out our Cloudbet Review for more information.
The lines also differ from Las Vegas lines more than other sports books. In some cases they are more favorable, but you should look to avoid bad lines as well. As a rule, this site requires more information than some other comparable Bitcoin websites. Though all it requires is an email and a log-in. One of the key advantages of placing wagers on a Bitcoin sportsbook is the anonymity that comes with playing. The anonymity that comes with playing Bitcoin is almost always a positive aspect.
NitrogenSports
Nitrogen Sports is a more established sportsbook that operates on Bitcoins. This site is more focused on sports as it does not have the casino offerings of Cloudbet. The selection of games is very solid. It seems that the layout of the site could use some work, but otherwise it is a good site to explore. The accounts on Nitrogen Sports require no personal information to sign up. It should be noted that this is common among many sites, but it is nice to see a site that takes your private information so seriously. This site also runs some great promotions.
One of their key promotions, Gold Challenges, let their players get lucky and win ample amounts of cash. Many different sportsbooks offer competing bonuses to compete for new customers. It’s important that you take advantage of these bonuses if you want to be a profitable sports bettor. In addition to the typical sports, Nitrogen Sports offers fun prop bets. Some of these include e-sports contests or cricket for example. There is certainly no shortage of action on this website, which makes it worthy to check out. The site is noted for its solid support staff which will handle your problems with ease. In the emerging market of Bitcoin sportsbooks, Nitrogen Sports should surely be a name to keep an eye on in the next couple of years.
Betcoin
Betcoin is one of the most established Bitcoin sportsbooks. On this site, the focus is slightly more on the traditional sports such as basketball and (American) football. They are also noted for their support who is more than willing to handle your problems in a complete and timely manner. They have a very strong deposit bonus that will match the first deposit that you make on the website. In addition to their sports offerings, you will find that Betcoin has an entire casino and even a poker room. The poker room has little traffic, but when a game does make there is plenty of action.
It should also be noted how quickly Betcoin processes cashouts. This sportsbook really stands on its reputation. If you are hesitant to enter the space of betting with Bitcoin, it may be best to start here. The lines are similar to Vegas and you will find that there are plenty of good props and bets to be made. This site is definitely user-friendly and worth checking out.
Overall, the world of sports betting using Bitcoin is new and exciting. It is quite remarkable that this technology has so many uses. With the elimination of transfer fees and cashout hassles, there is truly an opportunity for some fun and unique sports betting experiences. Unlike traditional methods, you don’t have to worry about waiting weeks in order to get paid. The entire process is very easy and once you give it a try you will never go back to traditional sportsbooks. Don’t be a “square” when it comes to choosing your sportsbook. In this case, as many others, it really pays to be a sharp.
