The 5 Best Crypto Sports Betting Sites and Their Pros and Cons

Author: Michael R.
Date: 
July 10, 2019
Read time: 
6 minutes

The Bitcoin sports betting industry is becoming extremely competitive with hundreds of sites to choose from in 2019. 

In response to the increase in competition, online gambling sites are now offering more crypto bonuses and benefits to attract more users and high rollers. 

Bitcoin betting and cryptocurrency gambling have become more attractive due to fast deposits and withdrawals, low fees, and a larger selection of games that can be played using Bitcoin and altcoins. 

In this article, I will explore:

  • The top crypto sports betting platforms that are the most trusted and reliable 
  • The advantages of betting on 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 Bitcoin sports betting industry is becoming extremely competitive with hundreds of sites to choose from in 2019. 

In response to the increase in competition, online gambling sites are now offering more crypto bonuses and benefits to attract more users and high rollers. 

Bitcoin betting and cryptocurrency gambling have become more attractive due to fast deposits and withdrawals, low fees, and a larger selection of games that can be played using Bitcoin and altcoins. 

In this article, I will explore:

  • The top crypto sports betting platforms that are the most trusted and reliable 
  • The advantages of betting on 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 [for crypto sports betting sites] 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 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, and it seems that sports betting is following these trends closely. 

 

What Are The 5 Best Crypto Sports Betting Sites?

Some crypto sports betting sites gaining steam are Bovada, Nitrogen Sports, SportsBet, FortuneJack, and Betcoin

 Suits Best ForSupported CurrenciesWelcome Bonus 
US onlyUSD, BTCYesVisit Bovada
WorldwideBTCNoVisit NitrogenSports
EU, Asia, South America, and more$, C$, €, BTC, ETH, LTC, and moreNoVisit SportsBet
EU, Asia, South America, and moreBTC, BCH, LTC, ETH, and moreYesVisit FortuneJack
Asia, Europe and moreBTC, BCH, ETH, LTC, XMR, XRP and moreYesVisit Betcoin

While they all offer sports betting, they have very different value propositions. Let’s dive in and see how they compare.
 

1. Bovada

By far the most popular crypto gambling website for North American players, Bovada offers a wide selection of games with Bitcoin support. Since 2011, Bovada has built itself a reputation for being one of the few Bitcoin sports betting websites that offer user security and the full regulatory compliance of a U.S. casino.

Pros of Bovada 

  • Exclusive welcome bonuses and rewards points for betting.
  • Proven track record of customer support and security.
  • Bitcoin sports betting available for many of the world’s most popular sports.
  • Wide selection of casino games: Blackjack, Poker, Baccarat, Spin the Wheel, 21 Wild, and more.

Cons of Bovada:

  • Limited currencies accepted: only USD and BTC.

Sports available:  Soccer, Baseball, Basketball, American Football, Golf, Cricket, Tennis, UFC, Boxing, and more.

Cryptocurrency Betting Bonuses: Welcome bonus, Bitcoin deposit bonus, up to $3,750 USD in bonuses using the link below based on initial deposit. 

Countries: US only.

Bitcoin Sportsbook Rating: 8.6/10

 

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 -- you can create an account without providing any personal information.
  • Payouts are quick.
  • We can vouch for Nitrogen Sports’ customer service because we had a satisfying experience with their support staff.
  • Additional games are available such as poker and casino games.

Cons of Nitrogen Sports:

  • The website isn’t the most user-friendly around. 
  • It’s difficult (but not impossible) to recover your account if you lose your credentials.

CryptoManiaks Tip: 

Since an account will be automatically created for you, you’ll need to immediately add a username, password, and email address 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.

Cryptocurrency Betting Bonuses: None

Countries: Worldwide

Bitcoin Sportsbook Rating: 8.3/10

 

3. SportsBet

SportsBet is another popular Bitcoin sports betting site which accepts Bitcoin and many cryptocurrencies. Unlike Nitrogen Sports, which seems to accept players from 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 offer water polo and esports betting, for the fans out there. 
  • Accepts lots of currencies, including BTC, ETH, LTC, SOC, $US, $CA, EUR, INR, and more.
  • Lots of payment methods accepted: Visa, Mastercard, MuchBetter, Ecopayz, Paysafecard, and more.

Cons of SportsBet:

  • Restricted to players from lots of countries.

Cryptocurrency Betting Bonuses: None

Countries: EU, Asia, South America and India

Bitcoin Sportsbook Rating: 8.2/10

 

4. FortuneJack

One of the first Bitcoin sports betting websites, FortuneJack was launched in 2014 and is one of the highest rated cryptocurrency gambling sites due to its extensive list of games, offers, and support services.

FortuneJack is not only one of the best Bitcoin gambling platforms around in terms of user experience and security -- it’s also one of the few crypto betting websites to offer transactions in multiple cryptocurrencies.

Pros of FortuneJack:

  • Easy account setup: only requires name, password, and email to get started.
  • 24/7 support.
  • Accepts lots of currencies, including BTC, BCH, LTC, ETH, and more.
  • Fast transaction speeds.
  • Large selection of games: Dice, Blackjack, Roulette, Poker, Video Slots

Cons of FortuneJack:

  • Cryptocurrency deposits and withdrawals only -- no fiat support.
  • Lacks third-party license from a recognized gambling institution.

Cryptocurrency Betting Bonuses: First deposit bonuses 110% up to 1.5BTC + 250 Free Spins on your 1st deposit, reload bonuses every week up to 3.5 BTC

Countries: EU, Asia, and South America -- U.K. and U.S. are restricted.

Bitcoin Sportsbook Rating: 7.4/10

 

5. Betcoin

Betcoin is a crypto sports betting website that launched in 2013. Since then, Betcoin has expanded its games and sportsbook categories to include every international sport imaginable.

Pros of Betcoin:

  • Enormous selection of sports: Football, Baseball, American Football, Tennis, Volleyball, Basketball, Rugby, Cricket, Boxing, MMA, and more.
  • Multiple cryptocurrencies accepted: BTC, BCH, DASH, ETC, ETH, LTC, XMR, and XRP.
  • VIP player program that grants a % loss back based on points earned.
  • Tons of casino games for the fans out there: Blackjack, Roulette, Slots, Baccarat, Bingo, Dice, Poker, and more.

Cons of Betcoin:

  • Cryptocurrency transactions only -- fiat deposits and withdrawals not accepted.
  • Some games are restricted to certain regions.
  • Lacks an official gambling license.

Cryptocurrency Betting Bonuses: First, second, and third deposit betting bonuses up to 100%, 50%, and 25% of 1 BTC + free spins.

Countries: Asia, Europe, South America, North America

Bitcoin Sportsbook Rating: 6.2/10

 

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 incentives to participate in cryptocurrency sports betting, which is why the number of Bitcoin sports betting sites is growing each year.
 

1. Fast Deposits and Withdrawals 

Cryptocurrencies are meant to be decentralized 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 claim their winnings, withdrawals can be done quickly as well. 

Some sites even have automated payouts, directly back to the user’s wallet. 
 

2. 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. 

 

3. 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. This is especially true for U.S. customers.

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.
 

4. 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. 

Source: The Ofir Beigel YouTube Channel
 

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. 

 

How Do I Get In On the Action?

Since crypto sports betting has lots of benefits, it’s better to get in on the action sooner rather than later. 

To get started, you’ll need some Bitcoin. Here are the best options to buy Bitcoin today.

 Suits Best ForDeposit MethodsCompetitive Advantage 
Bank Transfer, Credit Card, AmexDeposit $5, Get $25 Free
* using a US bank account or Amex
Get The Abra App
Bank Transfer, Credit CardDeposit $100, Get $10 FreeGo To Coinbase
Bank TransferLowest Fees to Buy Bitcoin (0.10%)Visit Binance Jersey

For more information about each of these options, visit this page.

Once you have Bitcoin, you need to become comfortable storing, sending and receiving your Bitcoin, and more.

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

To save you a lot of time and effort, our team of experts created a course specifically for cryptocurrency newcomers who are looking to start their investment journey. If you’d like to fast track through Bitcoin gambling and cryptocurrency sports betting, take our course 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!
Fernando August...
Crypto gambling investors please. Many thanks, Fernando

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