Best Solana Sportsbooks

Reviewed by

Reviewer face
Reviewer face
Reviewer face
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Kathleen M., Nicholas W., Tamara T., Viktor T.

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BetOnline
Sports Rating
8.70
Available in
Visit BetOnline
See other choices

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Intro

If you want to save time and effort, read the following guide, which showcases the best Solana sportsbooks in 2022.

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

Naturally, we realize that some readers are keen to discover the top 7 sportsbooks with Solana for 2022.

Without wasting any more time, we’ll show you our list:

Best Sites

1.

BetOnline

Sports Rating 8.70
Available in
Available in United States
8.70
Bonus: 
50% Welcome Bonus up to $1,000
Description: 

BetOnline is an online casino with higher than average betting limits. It offers sports betting, poker, casino, esports, and lots of bonuses throughout the year.

General Information

Year founded: 
2004
Cryptocurrencies: 
Solana
Ethereum
Litecoin
Bitcoin Cash
XRP
Stellar
Cardano
Tether
USD Coin
Dogecoin
Bitcoin
APEcoin
Avalanche
Binance Coin
Chainlink
Polygon
SHIBA INU
Languages: 
English
Licence(s): 
Panama Gaming Commission

Anonymity

BetOnline does not offer anonymity. You must provide your country, postal code and phone number just to open an account. 

Reputation

BetOnline has a fair reputation depending on who you ask. They offer a wide variety of betting options but there are also many complaints against them.

Play on BetOnline
2.

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

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

Not Available in United States
3.

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
4.

Chipstars

Sports Rating 8.40
Not Available in
Not Available in United States
8.40
Bonus: 
Up to 250 Free Spins on the 1st Deposit
Description: 

Chipstars is a relatively new casino and sportsbook brand founded in 2020. It features excellent gaming products and accepts crypto transactions.

General Information

Anonymity

Chipstars casino doesn’t allow anonymous gambling, and players must input their details during the registration process.

Reputation

Chipstars casino has an excellent reputation enhanced by its license, level of security, and positive user reviews.

Pros and Cons

Not Available in United States
5.

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

Reasons Why You Should Swap Fiat for Solana on Sportsbooks

If you’re reading this, you’re probably interested in using Solana sportsbook companies but still want a few questions answered.

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

In our experience, most people who play with SOL on sportsbook platforms have no interest in returning to fiat websites.

Why? Keep reading to find out!

Fiat’s value continues to decline annually

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

Things such as the supply of money and interest rates determine its value.

Examples of well-known fiat currencies include the U.S. Dollar and the Euro.

Fiat money is always at risk of hyperinflation, a scenario where an economy suffers huge price increases in a short period.

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

The financial institution set the dollar’s value at 100 in 1983, and found that in 2021, this figure had fallen to 37.

In real terms, this means that a dollar from 1983 would purchase just 37 cents of goods and services in 2021.

Even worse, wages haven’t risen anywhere near as quickly in the intervening period.

Indeed, since 1979, the average annual increase in wages is just 0.9%, far below inflation.

Ultimately, holding on to fiat will only make you less wealthy in the long run.

If fiat is so bad, why does it exist?

Fiat currencies ensure governments retain control of their respective economies.

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

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

Cryptocurrency supporters will tell you that digital coins help protect your money from inflation, thus ensuring your purchasing power isn’t negatively affected.

Anonymity

Sportsbooks regularly make the process of depositing cash a real hassle.

For one thing, depositing via bank transfer or debit/credit card is usually a no-no.

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

Suppose a sportsbook deposit appears on your bank statement; you’ve all but guaranteed you’ll never receive approval for a loan.

Using one of these sites is usually enough to see your mortgage application denied, for example.

This scenario will occur even if you rarely play.

However, when you use Solana, financial institutions can no longer make your life a misery because of your pastime.

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

Essentially, you get to deposit Solana on sportsbooks incognito.

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

Instability is a concern with Solana, as seen by the major increases and decreases in value throughout its history.

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

Even though the market cap of all cryptocurrencies has burst through the $1 trillion mark, this figure represents only a tiny fraction of what it could achieve.

With worldwide wealth estimated at over $430 trillion as per Forbes, Solana is likely only in its infancy as far as value is concerned.

In contrast, the real-world value of fiat currency continues to fall, and the only way is down.

By using Solana on sportsbooks, you could see an increase in the value of your account, regardless of how often you use it.

Full control over your money

SOL doesn’t just offer better growth potential than fiat; it also enables you to take control of your money.

Once you cast aside the yolk of the traditional banking system, you’ll discover a huge array of options.

Crypto is widely adopted

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

These days, there are thousands of digital assets, many of them becoming relatively well-known to the general public.

Although crypto is extremely useful in the online playing sphere, its mainstream appeal means it has many other uses.

Although most countries don’t consider cryptocurrency legal tender, a significant number allow its use.

Yet, September 2021 saw a historic event; El Salvador became the first country to allow Bitcoin as legal tender.

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

The crypto shield

With SOL, you have the freedom to deposit and withdraw on sportsbooks as you please.

Alas, those who attempt to use fiat on sportsbooks find that it’s far from smooth sailing.

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 sportsbooks, they didn’t realize that the bank would prevent them from accessing their accounts.

Furthermore, it took weeks for banks to remove the restrictions in some cases.

In the end, customers were told that there would be consequences if they looked to make additional deposits.

As long as you use a trustworthy sportsbook that accepts SOL , the above problem won’t happen when you use Solana.

Steer clear of geo-restrictions

Several nations forbid gambling of any kind.

If you happen to live in such a location, you can forget about playing on a regular sportsbook.

This is primarily because fiat makes it easy for the authorities to uncover your illegal actions.

Yet, if you intend to break the law, you can find a Virtual Private Network (VPN) to remain hidden when you use SOL sportsbooks.

VPNs create a private network connection, ensuring users can browse online privately.

Using Solana on sportsbooks adds another layer of protection due to the anonymous nature of digital currency.

By doing the above, you can play on any site you like, irrespective of the laws in your country.

Certain end-to-end Solana sportsbooks don’t care if customers live in a nation where playing with money is against the law.

Disclaimer

The content we’ve written above is for informative purposes only.

We are NOT advocating or encouraging any form of illegal activity.

If you get caught, the punishment could be severe.

In the UAE, for example, gamblers can be jailed for up to two years!

Also, Solana sportsbooks that allow people to register from countries where playing is prohibited are hardly reputable!

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

We take no responsibility if you break the law so remember, it is your decision!

You have been warned!

Faster Payouts

With conventional sportsbooks, payout speeds remain incredibly slow.

The above is due to sites linking with the banking system and the accompanying red tape.

It is a far different story with sportsbooks accepting Solana because significantly fewer regulations bind them.

Don’t think this means a complete lack of regulation; bodies such as the Curaçao Gaming Authority do a fine job keeping things in order.

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

Those who champion Solana point out that digital currencies are known for allowing super-quick payouts.

Higher Limits

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

While you can deposit huge sums on occasion, these sites are far less generous when it’s time for you to take your winnings.

Why? That’s simple. It’s common for sportsbooks to limit withdrawals.

You’ll likely have to give even more personal information to get what’s rightfully yours.

Also, practically every traditional sportsbook will either suspend your account or restrict how much you can play if you happen to win too often.

At this stage, you’re lucky if you can make plays worth more than a couple of bucks.

The relatively low level of regulation associated with Solana sportsbooks enables them to allow more generous withdrawal limits.

Remarkably, some sites don’t bother imposing withdrawal limits.

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

Modernized

Some fiat-accepting sites also allow you to use Solana.

Don’t be fooled! These sites still have the same problems with restrictive withdrawal limits and sluggish transaction speeds.

You often deal with old-fashioned design, poor value bonuses, and dreadful customer service.

In contrast, sportsbooks that accept Solana are the future and provide most of the features a modern gamer is looking for.

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

How to Choose a Suitable Solana Sportsbook

Your criteria for picking the best Solana sportsbook may not be the same as the next person’s.

We understand that every reader has a different opinion on what matters, so our team investigates various features of the sportsbooks accepting Solana that we review.

The following are among the most applicable.

What sports are available?

Our Solana sportsbook company list is filled with sites capable of surpassing what conventional sportsbooks offer regarding sports playing.

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

Furthermore, you have the opportunity to play Solana on an extraordinary number of markets.

When it comes to playing on sports, it is all about getting the best odds if you want to win in the long run.

Achieving this involves registering with several Solana sportsbooks and comparing their prices on different events.

By doing so, you’ll possibly find that one site is the #1 for value odds.

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

Is the Sportsbook end-to-end crypto or not?

Not every sportsbook that allows you to use Solana is end-to-end, which makes a big difference.

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

Traditional Sportsbooks

It is folly to believe that traditional sportsbooks which happen to permit Solana are useful.

Once you put Solana into your account, it’s the last time you’ll see it for a while.

As soon as the crypto goes into the site, it becomes fiat and only reverts to its digital form upon withdrawal.

Basically, the whole thing is a mirage because you can’t actually use the Solana on the site.

If that isn’t enough to put you off the process, you also pay deposit and withdrawal fees.

Therefore, if you believe Solana’s value will increase, you must use an end-to-end SOL sportsbook instead.

The benefits of end-to-end Sportsbooks With Solana

When you use end-to-end Solana sportsbooks, you conduct every type of transaction exclusively in digital currency.

As a result, your balance is shown in cryptocurrency, so you could profit if its price rises but lose money if the price falls.

Certain sportsbooks with SOL even accept a handful of digital currencies.

If you’re interested in using end-to-end crypto sites, we advise you to choose companies that offer the following:

  • Anonymous play

  • Quick deposits and withdrawals

  • A relative absence of transaction limits

  • Unfortunately, some Solana sportsbooks fail to provide the above, so we invite you to go through our reviews to find the ones that do.

Bonuses

For many sportsbook users, a site’s bonus offering is a crucial consideration.

We investigate this section thoroughly by dividing it into three distinct groups.

Welcome bonus

A significant proportion of sportsbooks with Solana offer bonuses when you sign up.

Such sites work hard to convince you that they’re doing you a favor.

Especially if the site gives you a bonus worth the same as your first deposit.

Let’s say your first deposit is $200; the Solana sportsbook’s bonus of $200 seems very generous at first glance.

Alas, it is too good to be true because of the major restrictions included.

Some sportsbooks accepting SOL force you to play at least 30 times your deposit before you’re allowed to withdraw ANY money.

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

Therefore, barring a lucky win, it is virtually certain that you’re waving goodbye to that money.

Given the restrictive nature of a welcome bonus, it is less relevant than the VIP program and promotions offered by a site.

VIP benefits

Traditional casinos often treat loyal customers to perks such as free dinners and luxury accommodation.

Obviously, sportsbooks with Solana cannot do this, but most of them try to make big spenders feel special via a VIP program.

The standard of these rewards programs helps to separate the best sites from the rest.

A common example is to offer a points system where you receive 1 point for every $1 you spend.

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

Such packages aim to entice big spenders to return to the sportsbook regularly.

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

Sadly, plenty of SOL sportsbooks fail dismally regarding their VIP offerings.

Our SOL sportsbook reviews include detailed information on the standard of VIP programs available.

How good are a site’s promotions?

The frequency of promotions is less important than their standard.

Sites that provide a constant stream of promotions are often guilty of diluting the quality.

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

Instead, they offer bonuses with many stipulations that are almost impossible to benefit from genuinely.

SOL sportsbook companies are different insofar as they know the value of great promotions for customer retention.

The result of better rewards is a vastly improved user experience.

Payments

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

Our reviewers investigate the number of digital coins you can use, along with information on withdrawal limits, not to mention how quickly you’ll get your money.

Withdrawal speed

In general, if you use SOL, you will benefit from incredible transaction speeds.

Certain cryptos can handle tens of thousands of transactions per second, while others can only deal with a handful in that timeframe.

Given the market’s competitive nature, Solana sportsbooks understand the need for speed, and some offer virtually instantaneous withdrawals.

The CryptoManiaks team tells you which sites excel regarding withdrawal time and which falter.

How much can you withdraw at one time?

Traditional sportsbooks 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 SOL sportsbooks have no issue allowing you to take out potentially huge sums.

Indeed, we know of a few sites that don’t bother implementing a maximum limit!

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

Crypto options

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

Unfortunately, only a small fraction of the market has genuine growth potential.

As a result, you shouldn’t expect sportsbooks accepting SOL to offer you the option to use dozens of digital assets.

Nonetheless, it should support Bitcoin and Ethereum at the very least, along with a few others that have serious potential.

Can you Play in your country?

Many nations still view gambling as an illegal activity.

Unfortunately, we still have a situation where people register with sportsbooks accepting Solana in countries where playing with money is illegal.

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

Those who look to create an account from an illegal country cannot do so.

Sadly, shady Solana sportsbooks don’t do you this courtesy and are happy to take money from anyone.

Such sites get away with it by pretending they weren’t aware that the registering party lives in a place where gambling is illegal.

Once you deposit money, however, they ask for verification details and ban you while withholding your money.

One workaround is to invest in a VPN to avoid geo-restrictions.

If a legitimate Solana sportsbook platform discovers you’re from a country on its prohibited list, it will shut down your account but return your money.

Before you breathe a sigh of relief, remember that your actions could get you into legal trouble!

Is the Solana Sportsbook reputable?

Once you make Solana transactions, there is no way to reverse them, a fact that’s a blessing and occasionally a curse.

If you make any mistake when transferring money, you can probably say goodbye to it!

As you can imagine, scam Solana sportsbook companies relish the opportunity to take your money if you’re unfortunate enough to use them.

Solana is decentralized, meaning there are no intermediaries such as banks, brokerages, or exchanges to complain to if something goes wrong.

With this in mind, discovering everything you can about the reputation of SOL sportsbooks is crucial.

If you want to use a certain site, perform detailed online research, including reading the review written by our team.

As well as delving into every SOL sportsbook as players, we find out everything we can from actual site users.

By the time we’re finished, we will tell you everything you need to know about the reputation of each site we cover.

Customer service

One of the essential facets of any site is its level of customer support.

Sportsbooks that accept SOL with poor or non-existent support hang players out to dry if there’s a problem.

Whether you have an issue with a game or a withdrawal, you’ll feel better with a trained customer service agent on the case.

Each review highlights whether a site is dedicated to great customer service or has little interest in helping players.

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

The Caliber of Playing Selections Offered by the Solana Sportsbook

These days, Solana sportsbook competition is fierce, so they have no option but to excel in terms of the sports and markets on display.

Our team investigates the different sports markets available on each site it reviews to help you decide if they are suitable for your playing style.

SOL Sportsbook Sports & Available Markets

Sports lovers will be delighted to know that the best sportsbooks accepting SOL cater to almost all their needs.

Apart from checking out the sports and betting lines, our Solana sportsbook 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.

Below are five of the most popular sports available on crypto sites, along with bullet point lists of common markets.

eSports

The electronic sports market has attained legitimacy amongst the public.

Indeed, eSports attracts an audience of several hundred million fans, making it incredibly lucrative for top performers.

As the name suggests, eSports involves experts playing video games in organized leagues.

Popular games include Counter-Strike: Global Offensive (CS:GO) and League of Legends (LOL).

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

  • Match lines

  • Event winner

  • Match handicap

  • First kill

  • Map totals

If you’re planning to play on esports, learning as much as possible about them is essential.

However, we’ve created an overview of five well-known games on SOL sportsbooks to help you get started.

Rainbow Six: Siege

Developed by Ubisoft in 2015, Rainbow Six: Siege is now regarded as one of the top esports games.

This First-Person Shooter (FPS) is played by two teams of five competitors who must defend or attack.

With over 50 operators to choose from, players are spoiled for choice.

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.

This offers gamers new ways to win a shootout or get inside a building occupied by opponents.

Call of Duty

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

In esports, two teams play Call of Duty and try to earn a victory in different game modes, including:

  • 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

The world’s best Call of Duty players compete in a league dedicated to the game.

DOTA 2

With more than 100 characters to choose from, DOTA 2 is a multiplayer online battle arena (MOBA) game with huge scope.

Like many esports games, DOTA 2 consists of two teams of five players apiece.

The aim of the game is to invade the opposing team’s territory to destroy their “Ancient,” a huge structure which is located within their base.

Few esports games are as widely played and watched as DOTA 2.

Each year, 30 teams qualify for The International, the world’s biggest DOTA 2 tournament.

League of Legends

Released in 2009 by Riot Games, League of Legends (LOL) remains among the most played esports MOBAs.

In competitive LOL, each team (with five players each) tries to destroy the base (Nexus) of their opponents.

As 130+ characters with different attributes are available, selecting the right one is challenging.

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

At 70 pounds in weight, the Summoner’s Cup awarded to the League of Legends World Championship winner is a mighty trophy!

FIFA

FIFA Football has been a major esports game since it featured in the first edition of the World Cyber Games in 2001.

The fact that players from all over the world engage in regional tournaments is no surprise, given the popularity of soccer.

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.

Essential information when Playing on virtual sports

In virtual sports, the outcome of each event is decided by a random number generator (RNG).

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

The sportsbook accepting Solana is unable to fix the result because the algorithm used is entirely random.

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

Since the ‘competitors’ never feel exhausted, SOL sportsbooks have the option to offer events every few minutes.

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

What virtual sports can I Play on?

Take your pick! SOL sportsbooks are well aware of the interest in this form of gambling and offer an ever-growing list of events.

These include soccer, basketball, and horse racing.

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

With no previous form to fall back on, it is purely guesswork, which is part of its appeal for some people!

There are greyhound races every 60 seconds, with cricket fixtures usually occurring every four minutes.

As long as you play within your limits, you might find that watching virtual sports is a fun way to spend some time.

What virtual sports markets are available?

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

In general, the markets are more simplistic, but certain sports offer a surprising number of options.

In basketball, you can play 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

In certain cases, players who play on sportsbooks that accept Solana prefer the different experience these events provide compared to real sports.

Keep reading to learn more about virtual sports’ advantages and disadvantages.

The benefits of virtual sports

  • There are hundreds of events every single day

  • As long as you use a reputable sportsbook accepting Solana, 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 plays

  • 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 sportsbook with SOL has a house edge

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

  • At present, sportsbooks accepting Solana 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

Advantages and Disadvantages of Utilizing Solana on Sportsbooks

Making payments with Solana on sportsbook companies could be difficult if you’re a beginner.

Be sure to understand Solana, if you want to utilize it for playing.

Overview of Solana

Solana is a public blockchain and an open-source project introduced in 2017 by Raj Gokal and Anatol Yakovenko.

It supports smart contracts, non-fungible tokens, and Defi Apps.

The Solana project is operated by a Geneva-based company, Solana Foundation.

Its native token is SOL which has a market capitalization of over $66 billion.

Solana also uses a Proof of History technology and works as a proof of stake blockchain.

Positive things about using SOL

Get acquainted with Solana pros before using it for playing.

Solana’s transactions are fast

As the fast crypto option for playing, SOL accepts up to 50,000 transactions per second.

This makes Solana better for playing, compared to Ethereum – its main rival.

Solana’s fees are small

Solana’s playing fees are affordable or less than 1c per transfer.

This is because Solana uses proof of stake, a cheaper consensus than proof of work.

SOL yields regular rewards

If you use Solana on sportsbook companies and make money, you can stake winnings and get awards.

You can do this by having a steady crypto wallet with staking option.

Drawbacks of using Solana

Take a look at some cons of using Solana for playing.

Solana is centralized cryptocurrency

SOL is not decentralized enough when compared to its rival Ethereum.

It only has 1000 validators, and the security is lower than on alternative crypto sportsbook platforms.

As a result, people don’t express interest in investing their winnings from Solana sportsbooks.

Solana’s stability is low

Solana is not as stable as the Ethereum network, so people may be concerned about investing their playing winnings.

Following the stability problems in 2021, Solana could face the same scenario in the future.

Solana has a limited number of projects

Before using SOL on sportsbooks, keep in mind that it has only 350 active projects.

This is much lower compared to its rival, Ethereum, which has close to 3000 active projects.

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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