Cryptocurrency and sports betting are two industries that have grown rapidly in recent years. With the popularity of Bitcoin and other digital currencies, more and more people are looking for ways to use them to gamble on sports. While there are some established solutions for doing this, they are often complicated and expensive.
In this article, we will explore some of the solutions for sports betting in cryptocurrency. We will also discuss the benefits and drawbacks of each option. Ultimately, it is up to the individual to decide which solution is best for them.
Bet in crypto with an online bookmaker
The first solution we will consider is using a traditional sportsbook that accepts cryptocurrency. While this option is convenient, it can be expensive. The fees associated with these sportsbooks can eat into your winnings, and they may not offer the same odds as traditional sportsbooks.
Also, very few betting operators accept bitcoin, etherum and others. This article on sportsbook in Bitcoin can help you.
Peer-to-peer sports betting platform
Another solution is to use a peer-to-peer sports betting platform. These platforms match bettors with each other, and they take a small commission on each bet. This solution can be cheaper than using a sportsbook, but it is more complicated. You will need to find someone to bet against and agree on the terms of the bet.
These sites are very rare and almost all are free to play, so without betting for real.
Crypto sport betting with brokers
Bet brokers are able to offer better odds to punters because they shop around for the best prices from a number of different bookmakers. This means that punters can get better value for their bets. Bet brokers also offer a convenient way to place bets, as punters can do it all through one platform.
Most importantly, they provide access to sports betting while allowing you to bet in cryptocurrency even if they don’t allow it.
Where to deposit and withdraw to bet in cryptocurrency?
Best betting brokers that accept crypto currency are:
#1 Bet In Asia (USDC, BTC; Ripple, Tether, Litecoin, Cardano, Solana, ETH, DAI, Tron & Dogecoin)
#2 Asian Connect (Bitcoin and Tether)
What are the benefits of sports betting in cryptocurrency?
Cryptocurrency sports betting has several benefits over traditional sports betting. First, it is much more private and anonymous. With traditional sports betting, your bets are usually tracked by the government or by the sportsbook itself. With cryptocurrency sports betting, your bets are stored on the blockchain and are therefore much more difficult to track.
Second, cryptocurrency sports betting is much more convenient. With traditional sports betting, you have to go to a physical sportsbook to place your bets. With cryptocurrency sports betting, you can place your bets anywhere in the world, as long as you have an internet connection.
Third, cryptocurrency sports betting is much faster. With traditional sports betting, you have to wait for the results of the game to be finalized before you can get your winnings. With cryptocurrency sports betting, your winnings are paid out immediately after the game ends.