Few things in the world connect people quite like sports, whether it’s the thrill of watching a football match with friends or marveling at the skill of a world-class gymnast.
Perhaps the only other thing that makes sports more exciting is when there is money on the line. And that’s especially true where the internet is involved, as wagering on the outcome of a sports event has never been easier.
With the rise of cryptocurrency, though, crypto gambling sites have thrown their hat into the ring and have become the hottest ticket in town. Not only do you get the excitement of traditional sports betting but now, some of the top tokens in the world are on the line.
Well, if you’re looking to get into crypto sports betting, you’ll want to pick the best possible site to do so. But with so many in the market, how do you even choose?
In this article, we’ll break down all you need to know about crypto sports betting, including how to pick a crypto sports betting site and how to navigate them once you’ve made your choice.
Here’s exactly what we will cover:
- 7 Things to Consider When Picking a Crypto Sports Betting Site
- The Pros and Cons of Crypto Sports Betting
- How to Start With Crypto Sports Betting
- Sports You Can Bet On With Crypto
And much more…so let’s dive right in!
12 Best Crypto Sports Betting Sites in 2022
7 Things to Consider When Picking a Crypto Sports Betting Site
#1. Restricted Countries
When choosing a crypto sport betting website to play at, you have to consider what countries the site can operate in. You see, crypto sports betting, just like crypto itself, isn’t legal in every country. On the contrary – some countries love it and some outright ban it.
So, your first step should be to look at the crypto betting site’s terms and conditions to find out in what countries they can operate in and if your country is on that list. If it is, you’re good to go. If it isn’t, you might want to try another site.
#2. Reputation and Trust
All crypto sports betting sites are not created equal and some, naturally, are better than others. Some enjoy a good reputation among users for being top-notch and easy to use, while others have garnered a poor reputation in the community.
You’re best off signing up with the most reputable and trustworthy crypto sports betting casino that you can. Visit crypto-related forums (or even Reddit’s crypto gamble community) and search the name of whatever site you’re thinking of using. You should be able to get a clear view of their reputation and make your decision based on other users’ hands-on experience.
#3. Provably Fair
The world of casinos has always been regarded with a degree of distrust and the crypto sports betting casino world is no different.
Thankfully, the wonders of technology today allow players to get around this and be sure that the casino they are using is fair and ethical. One of these technological solutions is “Provably Fair”.
Provably Fair is a blockchain-based software that independently verifies the fairness of casinos towards its players. A casino that uses Provably Fair will have a publicly-accessible system that confirms game results were not tampered with.
When choosing a crypto sports betting site, look for ones that use Provably Fair technology to make sure you and other players are getting fair treatment.
#4. Payout and Withdraw Speeds & Terms
There’s no point in winning games at a casino if you can’t withdraw your winnings and this is another major thing to consider when choosing crypto sports betting sites. Some sports betting sites allow users to cash out immediately via any method they choose (bank account, crypto wallet, etc.). On the other hand, some take days to cash out and have limited withdrawal options.
The good news is that you can easily find out what these sites’ payout policies are before you sign up. All you need to do is read their Frequently Asked Questions (FAQ) and information page and you can decide which payout policies will best suit your needs.
#5. Games available
Some crypto sports betting lovers prefer betting on football, some prefer horse racing, while some others prefer neither. Just like with everything else, we all have our preferences and it is important that you choose a crypto sports betting site that caters to this.
Some sites focus on a single sport, like basketball, while others offer every sport known to man. Most of them, however, have their available sports listed on their homepages, so you can see which ones feature the sports you are interested in.
Alternatively, you can look for crypto sites that offer an ever wider variety of betting options, such as crypto slots, crypto roulette, crypto poker, crypto blackjack, crypto dice, and much more. If you’re someone with a more diverse taste in betting, the game range will definitely meet your standards.
#6. VIP programs and Bonuses
Signing up to a crypto betting site not only means that you get to potentially earn crypto through your bets, but that you can also enjoy bonuses. Many sites offer bonuses for first-time users, like a 100% bonus of your first deposit or free bets.
Some sites also have VIP programs for top users. Members of these VIP programs enjoy regular bonuses, free gifts, and other perks. Some sites’ VIP programs and bonuses are much better than others so, before you choose a site to sign up on, it is important to compare them.
#7. Cryptos Accepted
If you have a preference when it comes to the cryptocurrencies that you would like to use, this is definitely something to keep in mind when choosing a sports betting site. You don’t want to sign up planning to bet with Bitcoin only to find out that the site only accepts Ethereum.
Before you sign up, look through each site’s FAQ page. Most likely, you’ll see a list of the cryptos they accept, and, that way, you can be sure that your preferred crypto is on the list.
How We Rated The Crypto Sports Betting Sites
You’re probably wondering what criteria we used to rank the best crypto sports betting sites on our list. Specifically, what makes one sports betting site better than the other?
Well, our list was compiled by comparing the following metrics:
Some crypto sports betting sites have a longer and better reputation within the industry and so they were ranked higher than the less reputable ones.
#2. Bonuses and VIP programs
We considered how much each site offers new players in bonuses, what benefits their VIP programs offer (free gifts, weekly bonuses, etc), and what it takes to join the programs.
#3. Tokens accepted
Sites that accept more cryptocurrencies were ranked higher than those that only accept a handful. We also prioritized sites that accept the major and most popular cryptos.
Security is a top priority for any betting site so, when ranking crypto betting sites, we considered whether the sites use encryption software, provably fair tech, and so on.
From interactive homepages to easy-to-navigate games, website usability is a big factor in the user experience, so we obviously considered it when we compiled our list.
#7. Cashout process
The quicker and easier it is to cash out from a specific crypto sports betting site, the higher the sports betting site ranks.
Crypto Sports Betting vs.Traditional Sports Betting Pros & Cons
With crypto sports betting becoming all the more popular, people sometimes wonder if it is a better fit than ‘traditional’ sports betting.
This, of course, depends on your needs and what you are looking to get from sports betting.
On that note, here are some of the pros and cons of crypto sports betting.
- You win cryptocurrency that tends to fluctuate in value. This means you can win tokens and wait for them to become more valuable than your initial wager, which nets you more money overall.
- Many crypto wallets don’t need ‘Know Your Customer’ procedures like submitting proof of address. This means you can maintain your privacy as you play.
- Many crypto sports betting sites use Provably Fair software, which makes sure that the gaming system is fair.
- Crypto sports betting is not legal in all countries and depending on where you live, it might be hard to access.
- Cryptocurrency is yet to become a household payment method. This means that you can only use your winnings only in places that accept crypto payments.
How to Get Started with Crypto Sports Betting
Thinking of getting started with crypto sports betting? Just take the following steps:
What Sports Can I Bet On With Cryptocurrency?
With the world of crypto sports betting flourishing, you might wonder what sports you’ll be able to bet on with crypto.
The good news? Practically, all sports that you can bet on with regular currency are also available to bet on with cryptocurrency.
On Stake.com, for example, you can bet on:
- Ice hockey
And so on…
Crypto Sports Betting Deposit Bonuses
The world of crypto sports betting is full of bonuses and if you take a look at a couple of sites, you’ll likely see banners advertising one bonus or the other.
Keep in mind, however, that all bonuses are not created equal and if you’re going to get the best out of crypto sports betting bonuses, you need to know how they differ.
Here are some of the common crypto sports betting bonuses:
- Deposit bonuses: A deposit bonus is when the casino rewards you for making a deposit, usually your first one. A common way this is done is with deposit matching, which means that the casino will match the amount of your first (or first few) deposits up until a certain point. Common ways this is advertised is through a percentage match up to a certain amount (e.g get 100% of your first deposit up to $100). These bonuses are a way to attract and welcome new users to a casino.
- No-deposit bonuses: These bonuses don’t need you to make a deposit to claim them, they only require that you create an account. Because the commitment needed to claim no-deposit bonuses is smaller, they tend to be less lucrative than deposit bonuses.
- Free spins: Free spins, as their name implies, offer you free games or “spins” without having to wager any money. These can be given as a welcome bonus to new users, as a bonus to VIP users, or for any other reason.
- Reload bonuses: These bonuses are given to players who deposit more than once (‘reload’ their wagers). They act as both a reward and an incentive for users to keep playing.
Is Crypto Sports Betting Safe?
Like with anything else that involves money, many people wonder if crypto sports betting is safe.
The truth is that crypto betting is completely safe as long as you are using registered and reputable sites, and following all the rules.
If you are, then the games you play will be fair and your funds will be safe and secure.
Is Crypto Sports Betting Legal?
Crypto sports betting is perfectly legal in many parts of the world. Just like with cryptocurrency itself, crypto gambling is legal and recognized in some parts of the world and in others, it is not.
In countries where cryptocurrency itself is illegal, like China, crypto sports betting will be illegal too. The legal status of cryptocurrency and crypto-related activities in different countries should always be considered for anyone interested in it, as well as the legal status of betting. In countries where online betting is banned, crypto sports betting will likely also be illegal.
Crypto Gambling FAQ
#1. What’s the Best Crypto Sports Betting Website?
There are many crypto sports betting websites on the internet and we’ve listed some of the best above in this article. Ultimately, though, the best crypto casinos for you depend on your needs and tastes.
#2. Can I Do Crypto Sports Betting on Mobile?
It depends on which crypto sports betting casino you use. Some of them have mobile apps for android and iOS that let you bet from your phone and others are available only via the website.
#3. How Do I Deposit Money in a Crypto Sports Betting Website?
To do this, you need to either connect your cryptocurrency wallet to your casino wallet to transfer funds or go through any other funding method that your casino allows.
#4. Can I Bet on my Favorite Sports With Crypto?
Most likely. Crypto sport betting casinos allow betting on practically every sport in the world, so your favorite sport will likely be included.
#5. How Long Do Crypto Deposits Take?
It depends on the crypto sports betting casino you use. Some are instant and some take a few minutes or more.
#6. How Long Do Crypto Withdrawals Take?
This also depends on the crypto sports betting casino you use. Some withdrawals are completed instantly and some might take a few minutes or more to complete.
As a rule of thumb, you want to go for the sites that offer the fastest payout and withdrawal limits to be able to access and get your winnings as easily as possible.
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