3 Best Crypto Sports Betting Sites - And Why They are Popularizing

Author: Michael R.
Date: 
March 07, 2019
Read time: 
4 minutes

The crypto sports betting industry is becoming extremely competitive with hundreds of sites to choose from. In response to the increase in competition, online gambling sites are now doing all they can to attract more users and high rollers. Permitting the use of cryptocurrencies has become an attraction that features what many gamblers are looking for. In this article, I will explore:

  • The top crypto sports betting platforms that are most trusted and reliable
  • The advantages of betting with Bitcoin over fiat money
  • How you can get in the action by getting your first cryptocurrency

Disclaimer: This article is in no way a form of encouragement of gambling - rather an educational piece that will highlight the benefits of cryptocurrencies when associated with sports betting.
 

The crypto sports betting industry is becoming extremely competitive with hundreds of sites to choose from. In response to the increase in competition, online gambling sites are now doing all they can to attract more users and high rollers. Permitting the use of cryptocurrencies has become an attraction that features what many gamblers are looking for. In this article, I will explore:

  • The top crypto sports betting platforms that are most trusted and reliable
  • The advantages of betting with Bitcoin over fiat money
  • How you can get in the action by getting your first cryptocurrency

Disclaimer: This article is in no way a form of encouragement of gambling - rather an educational piece that will highlight the benefits of cryptocurrencies when associated with sports betting.
 

Should one have to make a personal prediction, I’d comfortably believe to see some of these growth numbers multiplied by at least two-fold by the year 2020.

The Recent Growth of Bitcoin Sports Betting

Bitcoin sports betting sites have flooded the market during the last 5 years, adding to the exponential growth of the industry as a whole. Some staggering statistics were published, documenting some thought-provoking numbers across the Bitcoin gambling industry as a whole.

These statistics clearly compliment the underlying potential of the rapidly growing sports betting cryptocurrency platforms.
 

How Much Is Bitcoin Sports Betting Expected to Grow?

Should one have to make a personal prediction, I’d comfortably believe to see some of these numbers multiplied by at least two-fold by the year 2020. Bitcoin has already proven to be a chosen currency to be used with most platforms offering slot games and online table games as their primary income, but it seems that sports betting is following these trends closely.
 

What Are The 3 Best Crypto Sports Betting Sites?

Some crypto sports betting sites gaining steam are AsianConnect, Nitrogen Sports and SportsBet. While they all offer sports betting, they have very different value propositions. Let’s dive in and see how they compare.
 

1. AsianConnect

AsianConnect is a very professional platform for Bitcoin sports betting, but they also do allow accounts to be funded with fiat via bank wire. They have a focus on the Asian market but do not mention any jurisdictions which they do not service.

Pros of AsianConnect:

  • AsianConnect is legally compliant.
  • They are strict about securing user funds.
  • My favorite part about AsianConnect is that they have 24/7 support which you can contact by phone or Skype (they usually reply within 2 minutes). In today’s day and age, phone support is a big deal. Of course, they have email too.
  • Access to odds from a lot of different platforms. They also have developed their own platform called “AsianOdds” that allows you to take advantage of the best odds from multiple websites from just one account!  

Cons of AsianConnect:

  • The main downside to AsianConnect is that their support can be a bit inflexible. They often speak to customers as if it is from a script, not human-like. A more approachable support desk would be nice!
     

2. Nitrogen Sports

Nitrogen Sports is a popular option for Bitcoin sports betting since 2014. Bitcoin is the only currency accepted here, and they offer all of the major sports options such as soccer, basketball, American football, as well as esports. They also do not note any banned locations for betting on their site.

Pros of Nitrogen Sports:  

  • You can start betting immediately as they will create an account for you right away!
  • Accounts are anonymous.
  • Payouts are quick and you can create an account without providing any personal information.
  • Aside from the sportsbook, they also offer poker and casino.

Cons of Nitrogen Sports:

  • The website isn’t the most user-friendly around.
  • Since an account will be automatically created for you, you’ll need to immediately add a username and password to your newly created account. Otherwise, you will not be able to log in to this account again and you’ll have to generate a new account. So, add a username and password before you deposit some Bitcoin into their platform.
  • It’s impossible to recover your account if you lose your credentials. So make sure to take good note of your username and password, and to create a backup - a copy - of these credentials somewhere safe.
     

3. SportsBet

Last, but not least, is SportsBet. SportsBet also accepts Bitcoin only. Unlike Nitrogen Sports, which seems to be legal in most all jurisdictions, SportsBet does not allow US, Australian, UK, or Estonian citizens.

Pros of SportsBet:

  • Much better than Nitrogen from a legal standpoint.
  • They want to know their client base, which only helps the user experience.
  • They also offer water polo and esports betting, for the fans out there.

Cons of SportsBet:

  • No anonymous accounts allowed.
     

Why Do Online Gamblers Love Cryptocurrencies?

As a result of tiresome hours and draining nights in front of their respective machines, blockchain and cryptocurrency developers have blessed gambling enthusiasts with amazing benefits.
 

1. Accessibility

Being one of the toughest regulatory industries, gamblers have frequently experienced the passing of laws impacting the accessibility of gambling facilities on a global scale, whether physical or digital.

With Bitcoin, many users have been able to surpass local gambling laws due to weak know-your-customer (KYC) requirements of early cryptocurrency days. This was the result of under-regulation. Now there are fully anonymous gambling sites online which are still accessible via a discrete VPN service from anywhere in the world.
 

2. Fast Deposits and Withdrawals

Cryptocurrencies are meant to be digital cash. This means that the gambler and crypto sports betting site interact directly, with no intermediary between them. With cryptocurrency, users send their bets directly from their personal wallets to the casino’s wallet quickly and cheaply. When the time comes for them to receive their winnings, withdrawals can be done instantly and quickly. Some sites even have automated payouts, directly back to the user’s wallet.

Source: casinosonline.com
 

3. Provably Fair

Trusting the casino platforms you use is crucial. You want to be sure that your funds are secure, the casino is legally compliant, and most of all - ensure that odds are fair. There is a term in the industry called provably fair which describes the algorithm, or mechanism used for generating odds and verifying fairness. For example, if a user is playing a basic dice-rolling game, where they bet on which number will be rolled. How can you ensure that the rolls are truly random?

Well, various blockchain statistics, such as block-hash, block height, or other random data associated with the blockchain can be used in an algorithm to produce a result. For the end user, this serves to be invaluable compared to what traditional casino sites can offer.
 

4. Lower Fees

Cryptocurrency allows for fewer fees - simple as that. When transferring Bitcoin or other cryptocurrencies to sports betting sites or sending Bitcoin to a friend, fees are negligible.

 

5. Anonymity

Discretion is one of the most appreciated characteristics offered by bitcoin sports betting platforms who prioritize anonymity as a unique selling point. For the undercover gambler, the ability to lock in a bet without declaring their name and address is a dream come true - not to mention how this ties into my earlier point raised about accessibility worldwide. Due to looser KYC groundwork in the world of sports betting cryptocurrency enthusiasts are likely to gravitate towards the new generation platforms offering a higher level of privacy for their users.

Ultimately, anonymity allows users to gamble on some sites without a user login, getting rid of all user onboarding, and allowing for quick and fun gambling.
 

How Do I Get In On the Action?

Since crypto sports betting has many benefits, it’s better to get in on the action sooner rather than later. To get started, you’ll need some Bitcoin. Then, you need to become comfortable storing your Bitcoin, sending and receiving it, and more.

Using cryptocurrency is actually not that complicated, but from most people’s experience, the sheer amount of education required is overwhelming. There’s A LOT to learn.

To save you a lot of time and efforts, our team of experts created a course specifically for cryptocurrency newcomers who are looking to start their investment journey. If you’d like to find a more secure way to multiply your cryptocurrencies, start learning how to invest today.

Posted by Michael R.

Michael is an entrepreneur who has been deeply involved in the cryptocurrency industry since early 2014. He joined Cryptomaniaks as a cryptoanalyst, helping to create accurate and digestible content.

Comments

Tamerlan
Hello, dear mr. Mischael First of all, what is the most significant factor that influences the rates of crypto currencies? Secondly, in virtue of which methods it is possible to persuade people in crypto currencies' necessity? Thirdly, will the crypto currencies become irreplaceable in future? Thank you very much for your patience and time! Sincerely, Tamerlan.
Michael Rosenblat
Hi Tamerlan, 1. Realistically, Bitcoin price action is the biggest influence and catalyst for defining the trend of the market. 2. It's not about persuading, just spreading quality information. It may not be for everyone. 3. Irreplaceable is a broad concept. Just like any other technology, always be aware of competing DLT technologies and innovations happening in the space. I recommend following some talks by the Bitcoin Core guys, they have some valuable information. Same goes for Andreas Antonopoulos. Thanks, Mike
Niketa Sharma
Today’s world placing the bet using blockchain for Sports Betting Website. I appreciate your blog and thanks for sharing the informative content.
Michael Rosenblat
Thanks!

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