Best Polkadot Sports Betting Sites

The sites presented have been reviewed by

Reviewer face
Reviewer face
Reviewer face
Reviewer face
Kathleen M., Nicholas W., Tamara T., Viktor T.
Accepted currencies
Polkadot, Bitcoin, Litecoin, Bitcoin Cash, Dogecoin, Tether, Ethereum, Dash, Monero
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+117
Available in
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This site contains affiliate links. If you click on one, we may earn a commission.

Intro

Get ready to learn all about the Polkadot betting sites we believe are the best in 2022.

We believe this information will prove crucial to people seeking a reliable sportsbook, particularly given the incredible number of sites out there.

That being said, we understand your desire to immediately learn about the top 7 Polkadot sports betting websites for 2022.

Here is our top 7:

Best Sites

1.

Cloudbet

Sports Rating 9.25
Not Available in
Not Available in United States
9.25
Bonus: 
100% Welcome Bonus up to 5BTC
Description: 

Cloudbet is a sports-focused gambling site that also offers casino games. The site offers a wide selection of games and sports to bet on. 

General Information

Year founded: 
2013
Cryptocurrencies: 
Polkadot
Ethereum
Dogecoin
Tether
Bitcoin Cash
USD Coin
PAX Gold
Chainlink
Dai
Binance Coin
Litecoin
Dash
Cardano
Bitcoin
Fantom
Solana
Uniswap
Avalanche
Algorand
SHIBA INU
Polygon
Binance USD
Terra
TerraUSD
XRP
Stellar
USDP Stablecoin
Languages: 
English
Spanish
Russian
French
German
Italian
Portuguese
Indonesian
Polish
Thai
Korean
Turkish
Swedish
Dutch
Hungarian
Greek
Japanese
Licence(s): 
Curaçao

Anonymity

Cloudbet offers anonymous play. The site is also very secure with SSL and two-factor authentication.

Reputation

Cloudbet has received some complaints about slow payouts and poor service. Most of the complaints they have received were quickly resolved. 

Pros and Cons

Anonymous play.
Pros Description (Normal): 
Register with just an email address
Provably fair games.
Pros Description (Normal): 
Games are RNG tested
Secure website.
Pros Description (Normal): 
SSL and two-factor authentication keep your account safe
Thousands of slots.
Pros Description (Normal): 
And over 50 live tables
Impressive sportsbook.
Pros Description (Normal): 
They offer low margins and a wide range of in-play markets
Exotic betting.
Pros Description (Normal): 
Bet on entertainment and politics
Fast withdrawals.
Pros Description (Normal): 
Many withdrawals take about 10 minutes
Cons Title (Bold): 
Sports betting odds.
Cons Description (Normal): 
Other sportsbooks offer better odds on major events
Cons Title (Bold): 
Limited contact information.
Cons Description (Normal): 
Restrictions, fees and payout details hard to find
Cons Title (Bold): 
VIP program by invitation.
Cons Description (Normal): 
You can’t just decide to join, but if you are selected that means you really are a VIP!
Cons Title (Bold): 
No exclusive games.
Cons Description (Normal): 
But with such a large assortment of casino games, you may not care
Cons Title (Bold): 
Possible handling fee.
Cons Description (Normal): 
They may charge a handling fee for deposits.
Not Available in United States
2.

BC.Game

Sports Rating 8.62
Not Available in
Not Available in United States
8.62
Bonus: 
Various promotions available; see site for details.
Description: 

BC.Game is an exceptionally designed casino with awesome promotions and 50 cryptocurrencies to deposit! From a chance to win 1 Bitcoin to a VIP system with exotic vacations, there’s always a promotion to play for!

General Information

Anonymity

You can remain anonymous to create an account and deposit crypto, but BC.Game may require KYC when you withdraw your funds.

Reputation

BC.Game has a stellar reputation, with few complaints received. With a license from Malta Gaming Authority and many ways to contact the company, your crypto will be safe with them.

Pros and Cons

Not Available in United States
3.

22BET

Sports Rating 8.61
Not Available in
Not Available in United States
8.61
Bonus: 
100% bonus up to €122 sports betting bonus
Description: 

22Bet is a modern-looking sports betting and casino site. Since its establishment in 2018, the company has been thriving in the industry. 

General Information

Anonymity

22Bet doesn’t allow anonymous gambling, and players must leave their first and last name during the registration process.

Reputation

22Bet casino is a reputable brand with a trusted license and high-security measures. However, the brand should work on overall user satisfaction and complaints. 

Pros and Cons

Not Available in United States
4.

TrustDice

Sports Rating 7.95
Not Available in
Not Available in United States
7.95
Bonus: 
100% up to 1 BTC / 50ETH / 10,000USDT + 25 Bonus Spins
Description: 

TrustDice is a top-notch casino and sportsbook offering thousands of games, easy registration, and exciting bonuses.

General Information

Anonymity

TrustDice allows you to be anonymous. You only need an email address to register and you can play anonymously if you’re using crypto.

Reputation

TrustDice has a very good reputation. To ensure this, they address all complaints as quickly and fairly as possible.

Pros and Cons

Not Available in United States

Here’s Why You Should Choose DOT on Betting Sites

You’ve probably heard some hype about Polkadot sports betting sites and want to know if they are worth your while.

Despite plenty of media mentions, the cryptocurrency market remains a mysterious entity to many people.

However, we firmly believe that once you register with a reputable sports betting site and play with DOT, you’ll never want to use a ‘conventional’ site again.

Once you read the reasons for their change of heart, it becomes easy to understand why.

Fiat currency is losing value each year

Fiat currency is a form of legal tender propped up by the government that issues it.

It has no intrinsic value, and its worth is determined by economic supply and demand and interest rates, among other things.

The United States Dollar is one of the best-known fiat currency examples.

Hyperinflation, a term that describes rapid, out-of-control price rises in an economy, is one of the biggest downsides of fiat.

When the Federal Bank of St. Louis recently investigated inflation, there was worrying news.

In 1983, the bank placed the U.S. Dollar’s value at 100; fast forward to 2021, and this number had plummeted to 37.

Basically, your purchasing power today is about one-third of what it was about 40 years ago.

The increase in earning power has been nowhere near as high as inflation during this period.

Remarkably, the average annual wage raise has been less than 1% since 1979, a long way below the inflation level.

As a consequence, persisting with fiat currency makes you poorer.

Why do we keep using fiat?

That’s easy to answer; governments prefer these centralized currencies because it gives them control of the economy.

Banks also love fiat because they have immense power over its usage too.

It is time for us to move away from fiat, and Polkadot is the future of money.

Proponents of crypto point out that it can act as a hedge against inflation, ensuring you retain a reasonable degree of purchasing power.

Privacy

Bookmaker companies regularly make the process of depositing cash a real hassle.

Unfortunately, it isn’t as simple as using your debit or credit card or a bank transfer.

Why? Because banks don’t like ‘gamblers’ and make life extremely hard for anyone who uses a sportsbook.

Indeed, getting a loan is virtually impossible once a bank statement reveals activity on a betting company.

We know of many punters who were refused a mortgage simply for using such sites.

Even if you’re only a casual user, this is likely the case.

Things are very different with Polkadot because the bank will never know.

There is no third-party involved in cryptocurrency, so there is no easily accessible record of your transactions.

In other words, when you deposit Polkadot on betting websites, your bank will never know.

This process gives you control of your money with no evidence of what you use it for, which is one of the main reasons why crypto exists.

Crypto could continue to rise in value

There’s no question that Polkadot is volatile with rapid rises and falls a regular occurrence.

Even so, over a long period, there’s a chance that digital coins will offer a sizeable return on investment.

The entire crypto market has hit the trillion-dollar mark on numerous occasions, but this is only the tip of the iceberg.

According to Forbes magazine, the world’s wealth was $431 trillion in 2021, giving Polkadot plenty of room to grow.

In comparison, fiat’s worth and usefulness continue to recede at an alarming rate.

Therefore, when you use DOT on betting sites, the money in your account could increase even if you rarely use the site.

Financial independence

Apart from potentially being worth more than fiat, Polkadot also gives you a greater level of financial freedom.

With no bank interference, things suddenly get a whole lot easier.

Crypto is hitting the mainstream

In the early years of cryptocurrency, Bitcoin generated the lion’s share of attention.

However, times have changed, with dozens of other digital currencies now grabbing headlines.

There is a widespread acceptance of crypto in the ‘mainstream’ as its use certainly isn’t confined to online betting.

A growing number of countries are embracing crypto and permitting its use, even though it still isn’t classified as legal tender.

However, in September 2021, El Salvador broke the mold by officially declaring Bitcoin as legal tender.

Realistically, other nations will follow, with Paraguay and Panama likely candidates.

Crypto offers protection

With Polkadot, you have the freedom to deposit and withdraw on sports betting sites as you please.

Sadly, this isn’t always the case with fiat and betting sites.

In the UK, for example, a new regulation in April 2020 caused havoc for many people who didn’t know about it.

When people completed their first deposits on sports betting sites, they didn’t realize that the bank would prevent them from accessing their accounts.

To make matters worse, financial institutions took a long time to unfreeze certain customer accounts.

Ultimately, they warned customers not to make any more deposits or else they would issue further punishments.

Assuming the sports betting site accepting Polkadot you use has a good reputation, using Polkadot ensures your steer clear of the stressful situation outlined above.

Get past geographical restrictions

There are a few countries that prohibit any form of gambling.

It is extremely difficult to use a conventional sportsbook company should you live in one of these locations.

One reason is that it is challenging to hide the usage of fiat money.

However, if you pay for a reputable Virtual Private Network (VPN), you can register on DOT bookmaker companies and avoid being caught.

A VPN creates a protected network connection, thus disguising your online identity.

When you use Polkadot on sports betting websites, you also enjoy a significant degree of anonymity.

Ultimately, you can adopt the strategy outlined above to bet on sites no matter what the laws state in your country.

There are also end-to-end Polkadot bookmakers that willingly accept customers from countries where betting with money is illegal.

Disclaimer

In outlining the above, we’re merely highlighting a loophole that one can exploit.

At CryptoManiaks, we have not, and never will, condone activity that is against the law.

Those who get caught will likely face serious punishments.

For instance, in Cambodia, illegal gambling could result in a prison sentence.

Also, let’s face it, any DOT betting site that encourages illegal betting is probably not the most trustworthy!

If they find out where you live, take your funds and close your account, you’ll have to accept it.

Ultimately, if you attempt to bypass gambling restrictions, you do so at your own risk, and we accept NO liability.

Please don’t say we didn’t warn you!

Faster Payouts

If you’ve ever used a traditional sports betting site, you’ll know that payout speed is best described as ‘torturously slow.’

This is because these sites interact with the banking system and deal with a huge amount of red tape.

With Polkadot sportsbooks, things aren’t the same because of far fewer regulations.

This doesn’t mean there are NO regulations; entities such as the Curaçao Gaming Authority oversee the industry.

Yet, you still have the advantage of fast payouts because of a scarcity of red tape.

DOT itself also allows for quick-fire payouts.

High deposit and withdrawal limits

A common issue faced by conventional sportsbook company users is that of low deposit and withdrawal limits.

You might find that it’s possible to deposit a lot of money but discover that taking out similar sums is impossible.

The main reason for this difficulty is that betting sites like to keep withdrawal limits as low as possible.

They may even ask you for additional information to make things as hard as possible.

Even worse, if you’re a regular winner, conventional bookmakers will restrict your wagers or ban you completely.

In most cases, you can’t make a bet worth more than a few dollars at this point.

The relatively low level of regulation associated with DOT betting sites enables them to allow more generous withdrawal limits.

Indeed, our team uncovered numerous sites with NO transaction limits!

You may also receive more freedom when it comes to being restricted for winning when you bet.

Contemporary

A few traditional sites permit you to use Polkadot.

Unfortunately, this does nothing to improve the general transaction speed, nor does it impact deposit/withdrawal limits that much.

Once you factor in the poor design and low-quality customer support, it becomes clear that you can usually do better.

Polkadot betting websites are designed with the modern gamer in mind and provide a vastly superior user experience.

With better design, well-trained customer service agents, and a vast array of bonuses, these sites bring things to a whole new level.

Relevant Factors When Picking Polkadot Betting Sites

You likely have a few important considerations when picking the right betting site that accepts Polkadot for your needs.

Since one reader may have a different idea of what’s crucial to a good UX than another, we examine various details in every single one of our Polkadot sports betting site reviews.

Below are some of the most relevant.

Is it an end-to-end crypto Betting Site?

Don’t assume that you’re on an end-to-end crypto bookmaker just because it accepts DOT.

If you mistakenly choose the wrong site, it could cost you a reasonable sum of money, as you’re about to find out.

Conventional Sportsbooks

You might be delighted to find a standard sports betting site that accepts Polkadot, but there’s a sizeable catch.

While you can deposit with Polkadot, things go against you from then on.

The site instantly converts it into fiat and turns it back into crypto when you withdraw.

In other words, your account never actually contains DOT.

What’s worse is that you’re charged fees for both transactions.

Therefore, if you believe Polkadot’s value will increase, you must use an end-to-end DOT betting website instead.

The benefits of end-to-end Bookmakers Accepting Polkadot

As you can probably guess, end-to-end betting websites with Polkadot allow you to perform all transactions in digital coin form.

Your account always has a crypto balance, so you benefit if the price rises and lose out if it falls!

In addition, the top-rated sports betting sites with Polkadot tend to allow the use of several digital assets.

Look for the following features if you plan to use end-to-end crypto sites:

  • A high degree of privacy

  • Rapid transactions

  • Little or no transaction restrictions

  • Not every sports betting site with DOT offers the above, so we advise you to read our reviews to find out the ones that do.

Available sporting events

The top-ranked Polkadot betting sites on our list can match or even exceed the range of sports and markets that standard betting sites let you bet on.

You’re catered to whether you love golf, basketball, American football, or rugby union.

Additionally, there are more markets to wager on than you can count, so use your Polkadot wisely!

If you don’t get the best prices, forget about earning a long-term profit when you bet.

Achieving this involves registering with several DOT sports betting sites and comparing their prices on different events.

Over time, you might find that a specific site offers better prices than the rest or that one provides poor value.

Overall, finding out if a site can meet all your needs requires additional work, including a thorough analysis of its sport and market variety.

Bonus standard

Bonuses remain an important feature of any bookmaker company.

To properly analyze bonuses, we have created three separate subsections.

The welcome bonus

Not every betting site with DOT offers a welcome bonus, but most do.

Using slick marketing, these sites can easily convince you that you’re benefiting.

One of the best examples is when the site matches your first deposit, effectively doubling your money.

Let’s say your first deposit is $200; the sports betting company accepting DOT’s bonus of $200 seems very generous at first glance.

Sadly, it is inevitable that there’s a planet-sized catch involved!

Some betting sites that accept DOT force you to bet at least 30 times your deposit before you’re allowed to withdraw ANY money.

Consequently, you must make at least $6,000 worth of bets with a $200 initial deposit before getting any money.

As a result, your hard-earned $200 is as good as gone, barring a major stroke of good fortune.

With this in mind, it makes sense to investigate a site’s promotions and VIP package instead.

How good are a site’s promotions?

Rather than emphasize the volume of promotions, it is more helpful to focus on the standard.

There’s little point in trying to avail of regular low-value promos, which are often more trouble than they’re worth.

In truth, it is rare for standard sports betting sites to care a great deal about promotions.

They prefer to stick to the tried and trusted ‘bonuses with strings attached’ model.

These days, Polkadot betting sites blow their old-fashioned counterparts out of the water when it comes to promotions.

Once they receive rewards worth mentioning, players have a much better time on the site.

VIP program

Big players at casinos expect preferential treatment in the form of upgraded accommodation, sports tickets, and free meals.

Although Polkadot betting sites can’t match the above, they can create a VIP package that attracts and retains big spenders.

Top-rated sites tend to push the boat out in the knowledge that if they don’t, someone else will.

The points system, where players get redeemable points (usually 1 point per $1 spent), is among the best-known VIP bonuses.

Let’s say you earn 2,000 points; this could equate to $20 that you can spend how you like on the site.

These programs are often an effective means of keeping high rollers loyal to a specific sportsbook.

Other examples of VIP programs include giving players a special customer service agent and bonuses on special occasions such as birthdays.

However, there are Polkadot sports betting websites that offer VIP programs in name only.

Our DOT bookmaker reviews include detailed information on the standard of VIP programs available.

Payment options

Polkadot sportsbooks unable to provide flexibility regarding payment methods will cause frustration, irrespective of its features.

Apart from transaction speed and limits, our team’s reviews also look into the different digital assets one can use.

Cryptocurrency choice

Already, thousands of cryptocurrencies exist, with more created almost daily.

However, only a handful are worth consideration at present.

This is why few betting sites accepting Polkadot let you use any coin lacking a decent market cap.

Even so, you should be able to use Ethereum, Bitcoin, and other well-known cryptocurrencies.

What are the withdrawal limits?

Traditional sportsbook platforms continue to annoy users by preventing them from withdrawing reasonable sums of money at once.

In general, you’re lucky to get a maximum of $10,000 in a week, but some have even lower limits.

This is infuriating if you land a big win, only to discover it takes weeks or even months to withdraw it all.

Luckily, most reputable DOT sports betting sites have no issue allowing you to take out potentially huge sums.

There are plenty of sites that offer limitless withdrawals.

Now, it is possible to transfer a massive win in seconds; the hard part is winning the money!

Speed of withdrawals

If you want rapid transactions, Polkadot should be your currency of choice.

Some cryptocurrencies can process thousands of transactions every second, though not all have this capability.

Users of DOT betting sites expect fast access to their money, and the best sites comply with virtually immediate withdrawals.

We check out the sites that offer the fastest withdrawal speed and outline any potential problems you’ll face.

Is it legal to Bet in your country?

There are plenty of countries worldwide that prohibit gambling.

Yet, individuals living in one of these locations register with DOT betting sites and bet despite the ban.

The Polkadot sportsbooks on our top-rated list make sure they’re available to users where gambling is legal, giving them the option to bet on casino games or sports.

When you try to register with such reputable sites from a prohibited country, they make it clear that it’s impossible to join.

Sadly, shady sports betting sites with Polkadot don’t do you this courtesy and are happy to take money from anyone.

They do this because they can claim ignorance of the user’s location at first.

As soon as you make a deposit, they demand verification documentation, close down your account, and keep your money.

Some eager gamblers hide their location with a VPN to bypass geographical restrictions.

Legit Polkadot betting sites will ban you if they find out, but at least you’ll get your money back.

Even if you don’t lose money in the end though, you’ll have bigger problems if law enforcement in your country catches you!

Trustworthiness of the Polkadot Betting Site

The permanence of DOT transactions is often marketed as a selling point, but there is also a downside.

Without putting pressure on you, a slight mistake during a transaction is enough to lose everything you send.

Register with a shady betting site accepting Polkadot, and you can similarly wave ‘adios’ to your digital coins.

Polkadot is decentralized, meaning there is no banking entity to listen to your complaints and act upon them.

With this in mind, discovering everything you can about the reputation of Polkadot betting sites is crucial.

While we encourage you to conduct research, we also invite you to read our reviews.

We don’t just play on DOT sportsbooks to give you our first-hand experience, we also ask real users for their opinion.

This thorough process ensures you get the full picture of a site’s reputation.

Customer support

The importance of reliable customer service can’t be overstated.

Without one, you’re completely lost if anything untoward happens on the DOT betting site.

A well-trained customer support operative can help you relax if there is an issue.

All of our reviews feature relevant information on a site’s attitude towards customer service.

We speak to different agents on the site, analyzing their level of skill, helpfulness, and general demeanor.

Is the Range of Betting Opportunities on the Polkadot Betting Site Up to Par?

The Polkadot betting site sphere is hotly contested, and only sites that offer a superb range of sports and markets will succeed.

Our reviewers have gauged the quality of the sports markets on offer, and you can use this information to make an informed decision on the site you choose.

Polkadot Betting Site Sports & Betting Markets

If you love betting on sports, you’ll soon discover that Polkadot betting sites leave no stone unturned in delivering the best user experience.

Apart from checking out the sports and betting lines, our sports betting site that accepts DOT reviews ensure that the site’s odds are worthwhile.

Betting experts know that they can forget about making a profit without the right pricing in a sports market.

Now, let’s look into five sports that captivate crypto site users and their best-known markets.

The best eSports markets

The electronic sports industry is no longer a niche market; it has become a global phenomenon.

With a massive audience, eSports are lucrative to the point that elite players can earn a small fortune.

eSports consists of world-class video gamers testing their skills in specific leagues.

Popular games include Rainbow Six, Call of Duty, and FIFA.

You can treat eSports as you would their traditional counterpart in betting terms with the following markets available:

  • Game winner

  • Outright winner

  • Handicap

  • First blood

  • Team maps

wagering on esports without conducting detailed research will likely prove a costly mistake.

However, we’ve created an overview of five well-known games on betting websites with Polkadot to help you get started.

Rainbow Six: Siege

Released by Ubisoft in 2015, few games have captured the attention of the esports community more than Rainbow Six: Siege.

It is a standard First-Person Shooter (FPS) game where each team consists of five players who attack or defend.

There are over 50 characters (also known as operators) to choose from.

Experienced gamers understand the strategy involved in selecting an operator, which is similar to DOTA 2 and League of Legends.

Rainbow Six: Siege differs from other popular FPS games insofar as you have the option to damage terrain.

From a tactical perspective, it is an interesting way to achieve your objectives.

Call of Duty

Sometimes called CoD, Call of Duty is regarded as a legendary First-Person Shooter (FPS) game.

When played competitively, Call of Duty involves two teams competing against one another across several game modes, such as:

  • Hardpoint: Each team receives points for each second they’re in control of the important ‘hardpoint’ area

  • Domination: Each team aims to control three static objectives (marked by flags) and receives points for maintaining their hold of the flags

  • Search and Destroy: In this attack versus defense scenario, attackers plant and detonate bombs at one of the two available sites, while defenders must stop them

There is a specific Call of Duty League comprised of the best players in the world.

DOTA 2

DOTA 2 is a multiplayer online battle arena (MOBA) game where you can select from 100+ characters.

It follows the standard esports format with two teams of five players competing against one another.

In the game, the goal is to destroy a huge structure on enemy territory known as the “Ancient.”

As well as attracting a phenomenal number of players, DOTA 2 is also watched by millions on a streaming platform called Twitch.

With 30 teams involved, The International is the #1 DOTA 2 event and takes place annually.

League of Legends

Riot Games is responsible for creating the League of Legends (LOL) MOBA, which it released in 2009.

In an esports environment, LOL involves two teams of five who try to demolish each other’s “Nexus” (base).

Pros pick one of the 130+ characters available and must note the different attributes of each before making a selection.

During the game, players complete challenges to increase their champion’s power, thus improving their team’s chances of victory.

The LOL World Championship is an annual event, and the winning team gets to bring home the Summoner’s Cup, which weighs approximately 70 pounds.

FIFA

FIFA Football was an important part of the inaugural World Cyber Games in 2001.

Given the sport’s popularity, it’s no surprise that players from dozens of countries worldwide compete in regional tournaments.

Successful players are allowed to participate in the Regional Playoffs, an important part of the FIFA Global Series.

Players can only control one character at a time, so AI is in charge of the rest; this is considered a problem in some quarters.

Even so, the global appeal of soccer means FIFA should enjoy at least its current level of popularity for the foreseeable future.

A quick guide to Wagering on virtual sports

Unlike real sports, where the competitors decide the outcome, virtual sports events rely on a random number generator (RNG) to determine the result.

In virtual sports, you can rest assured that when you bet, what unfolds before you is the same as what everyone else sees.

The random nature of the algorithm means that the betting site with Polkadot can’t interfere with the result.

You’ll quickly find that virtual sports markets seem familiar because they replicate their real sports counterparts.

However, as the ‘competitors’ never get tired, it is possible for DOT betting sites to host these events every few minutes.

As a result, you have hundreds of betting opportunities daily.

What virtual sports can I Bet on?

Take your pick! betting companies accepting Polkadot are well aware of the interest in this form of gambling and offer an ever-growing list of events.

These include darts, basketball, and soccer.

Once you place your bet, the event begins with everything decided completely at random.

Many bettors like that they can make wagers without needing to conduct research.

There are American football games every three minutes, and there is usually a five-minute duration between darts matches.

Virtual sports can prove very entertaining if you only bet what you can afford to lose.

What are the most common virtual sports markets?

betting on virtual sports markets is easy if you have experience in gambling on real sports.

Although the markets are simpler, there are plenty of options to keep you satisfied.

In basketball, you can bet on the points total or spread, whereas the following markets are available in soccer:

  • Fulltime result (Home, Draw, Away)

  • Correct Score

  • Double Chance

  • First Goalscorer

  • Handicap Markets

Once you get used to betting on Polkadot betting sites, you might find that it offers a nice contrast to real events on occasion.

If you’re interested in discovering the upsides and downsides of virtual sports, keep reading!

Virtual sports advantages

  • There are hundreds of events every single day

  • As long as you use a reputable Polkadot betting site, there is no chance of the event’s outcome being rigged

  • You don’t have to worry about injuries, weather conditions, or form when making wagers

  • As there are events every few minutes, you never have to wait long to get involved

  • There is absolutely no skill involved whatsoever

Problems with virtual sports

  • As the outcome is random, there’s no way to gain an advantage

  • Over time, you’ll lose money because the DOT sportsbook has a house edge

  • With so many events each day, it is possible to lose massive amounts of money quickly

  • At present, DOT betting sites still offer far more markets for real sports

  • While virtual sports can be entertaining, they pale in comparison to the excitement generated by real sporting events

Benefits and Drawbacks of Using Polkadot on Betting Sites

It may be hard to understand Polkadot wagering if you’re a beginner.

Before using Polkadot on betting platforms, you should know its pros and cons.

What is Polkadot

Polkadot is a cryptocurrency and token that you can find on leading exchanges.

Its protocol allows for a smooth flow of information to other blockchains such as Bitcoin and Ethereum.

Founded in 2020, Polkadot has launched many unique features to the cryptocurrency world.

Its founder is an Ethereum co-creator, Gavin Wood.

Polkadot consists of two chains: a relay chain and parachains.

Polkadot issues token that is governance-based and utilized for staking.

Pros of Polkadot

Learn more about the benefits of Polkadot betting below.

Strong team behind DOT

Polkadot network relies on the services of a dedicated and ambitious team.

Not only do they have an ETH co-founder on its team, but also an ex-head of European operations and compliance, Aeron Buchanan.

Additionally, a group of developers works on DOT networks to build and design new protocols.

Promising partnerships

Polkadot has obtained a great reputation after sealing deals with the most powerful brands.

This involves Ocean Protocol, Celer Network, and REN.

They have also secured cooperation with the best advisors in the market and professors.

Improved Scalability

Polkadot stands out with higher scalability compared to alternative cryptos.

Its uses two levels of scalability, economic and transactional.

Transactional scalability enables DOT to spread transactions across multiple blockchains.

In addition, economic scalability enables validators ensuring security across blockchains.

Drawbacks of Polkadot

Reveal drawbacks of Polkadot before utilizing it on betting websites.

Brand-new project

Polkadot was introduced in 2020 and people are still not acquainted with the project.

Unlike Bitcoin which popped up in 2009 and Ethereum presented in 2013, DOT is still to show its value.

Creation in progress

Polkadot has not yet launched one of the key features, as per the founder’s statements.

This feature will enhance the volume of shards supported by the network.

This is another important point for anyone interested in using the option on betting companies.

Considering the number of ongoing projects, Polkadot will face tough competition.

Risky project

Polkadot is an innovative project with a small level of adoption among users.

Its future will depend on the results of the whole sector.

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Written by

Tamara T.

Tamara is an entrepreneur and content specialist. She is passionate about gambling and cryptocurrency world, having worked on different casino and crypto writing projects. Tamara is also interested in legislation, investments, and DeFi.

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