When it comes to wagering on sports, Bitcoin has several benefits over fiat currency. The anonymity that cryptocurrencies provide is one of them. Furthermore, because there are no fees or potential for rapid value appreciation, many individuals enjoy the thrill of betting with BTC. Here are some of the reasons why bitcoin wagering is taking advantage of conventional fiat currency betting.
Best Bitcoin betting sites in India
Welcome to the exciting World of Bitcoin sports betting! Here you will find a list of the best Bitcoin betting sites, in-depth reviews, generous bonuses and plenty of information about best bitcoin sportsbooks for the Indian market.
Top 10 Bitcoin betting sites
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What is Bitcoin betting?
Bitcoin (also known as BTC) is a cryptocurrency and a payment system, first proposed by an anonymous person or group of people under the name Satoshi Nakamoto in 2008. Transactions are verified by network nodes through cryptography and recorded in a public dispersed ledger called a blockchain. Bitcoin is unique in that there are a finite number of them: 21 million.
Bitcoin betting sites work much the same as regular currency betting, but the player deposits bitcoins rather than fiat currency. They then bet on sports or other events, just as they would with any other online sportsbook. If they win, they are paid out in bitcoins at the current exchange rate. If they lose, their bitcoins are simply lost.
Most popular sports for Bitcoin betting
At CryptoBettingIndia, we make sure to list sportsbooks that have a variety of options for bettors. This includes sports that are popular in India. Some of these sports include cricket, football, hockey and motorsports. So whether you're a fan of one or all of these sports, you're sure to find a sportsbook that fits your needs. Not to mention, you can also find a bitcoin sportsbook that offers live betting, so you never have to miss out on any action.
Betting on cricket is a popular pastime for many fans of the sport. There are a variety of different ways to bet on cricket, from betting on the outcome of individual matches to betting on how many runs will be scored in an innings, to betting on who will win the tournament. There are a number of different cricket tournaments that take place throughout the year, so there is always something to bet on. Some of the most popular tournaments include the IPL (Indian Premier League), the ICC World Cup, and the Ashes.
Indian people love football! There are a number of different ways to bet on football, and people can make a lot of money if they know what they're doing. Some of the most popular bets are predicting the outcome of a match, betting on how many goals will be scored, and betting on which team will win a particular tournament. Football betting can be a lot of fun, and it can also be very profitable.
If you live in India, you surely know what this sport is about. Kabaddi is a contact sport that was first played in ancient India. The objective of the game is to score points by crossing the opposing team's line while holding your breath. Kabaddi is a very physical and demanding sport which requires a lot of stamina and endurance. Although not every crypto betting site will offer you betting odds for this sport, some of them definitely will.
Horse Racing Betting
Horse Racing is a very popular sport in India. There are many race tracks throughout the country, and people can place bets on races that take place at these tracks. The most common type of bet is to pick the winner of a race, but people can also bet on other things, such as which horse will finish in first, second, or third place. There are many different ways to bet on horse racing in India, and the odds of winning can vary depending on the type of bet that is placed.
In India, betting on badminton is becoming increasingly popular. This is in part due to the success of some of the country's top players, who have been able to achieve impressive results in major tournaments. As a result, there is now a large and growing market for badminton crypto betting in India. There are a number of different sites that offer to bet on badminton, and the competition between them is fierce. This means that there are some great deals to be had for Indian bettors.
In India, hockey is a popular sport that is often bet on by fans. There are a few different ways to bet on hockey in India, including betting on the outcome of games, betting on who will score the most goals, and betting on which team will win the championship.
Basketball is a hugely popular sport in America and Europe, however, it is also gaining traction in India. While The National Basketball League (NBA) by far is the most popular league in the world, most of crypto bookmakers will let you wager on the Indian UBA Pro Basketball league, too.
India is a country with a long and rich history in wrestling. The sport has been around in India for centuries and is deeply entrenched in the country's culture, so there is no surprise why crypto betting on this sport is getting more and more popular.
Boxing is a dangerous sport and should not be taken lightly. That being said, it can be a lot of fun to place a wager on a big match. There are many different ways to bet cryptocurrency on boxing, and each one has its own risks and rewards.
Crypto betting on tennis is becoming increasingly popular in India. Most of the blockchain betting sites will allow you to bet on major tennis events such as US Open, Australian Open, Roland-Garros and others.
Betting on motorsports is a popular hobby for many people. Some people bet on the outcome of races, while others bet on specific drivers or teams. There are many different ways to bet on motor sports, and the options vary depending on the race or event.
Kho-kho is a traditional Indian sport in which two teams of nine players each try to capture the other team's members. While this sport is not widely known outside India, more and more sportsbook sites are planning to offer this sport to crypto bettors in the future.
Bitcoin legal status in India
Bitcoin is still a relatively new phenomenon and as such, the legality of it is still up for debate in many countries. In India, the legal status of bitcoin is currently unclear, as the Reserve Bank of India has not issued any official statements on the matter. However, some reports suggest that bitcoin may be considered illegal in India under certain circumstances.
For example, if bitcoin is used to pay for illegal activities, it may be considered illegal in India. However, other reports suggest that bitcoin may be considered legal in India as long as it is not used for criminal purposes. Ultimately, the legal status of bitcoin in India remains unclear and will likely be determined by the courts in the near future.
In the meantime, Indian bitcoin users should be aware of the potential legal risks associated with using bitcoin. However, as long as bitcoin is not used for illegal purposes, it is unlikely that users will face any legal consequences in India.
How does Bitcoin sports betting work?
Bitcoin sports betting works in a similar way to regular sports betting, but with a few key differences. The first is that you don't need to provide any personal information such as your name or address. This is because bitcoin transactions are anonymous. Secondly, you don't need to make a deposit using a credit or debit card – you can simply send bitcoins from your wallet directly to the sportsbook's address. Finally, because there is no central authority controlling bitcoin, you can bet on sports with much lower fees than traditional online sportsbooks.
If you're new to bitcoin, you may be wondering how to get started. The first step is to set up a bitcoin wallet. This is where you'll store your bitcoins and make transactions. There are many different types of wallets available, so do some research to find one that's right for you. Once you have a wallet, you can buy bitcoins using traditional currency or other cryptocurrencies. Once you have some bitcoins, you're ready to start betting!
How we review bitcoin betting sites
Finding a good bitcoin betting site may be tough. There are many of them on the market, and it might be difficult to decide which one to trust. It necessitates careful study, comparisons to alternative possibilities, and deep knowledge. That's why we've spent hours researching and comparing each crypto gambling firm so that you don't have to. The following is how we evaluated and assessed BTC bookmakers:
Bitcoin sportsbooks offer a great way to wager on your favorite sports teams. By doing a bit of research, you can ensure that you use a reputable and trustworthy site, which will offer competitive odds and protect your money. Different bitcoin sportsbooks have different restrictions on which countries can register, so be sure to check this before signing up.
When it comes to bitcoin bookmakers, licenses and rules are critical. It's impossible to assure fairness and competitiveness without them. A license assures that the bookmakers does not have an unjust advantage over players, which is necessary for a pleasurable betting experience. We ensure that all of our highlighted bookies have these licenses so you can engage with them in a safe environment.
Best Bitcoin betting sites offer customers a convenient and easy way to place bets on their favorite sports. The user experience is critical, and the sites we recommend have been carefully selected based on their usability and functionality. Our thorough evaluations take into account every detail, from the design of the website to the speed at which bets can be placed. We want to make sure that our readers have the best possible experience when betting online, and our top-rated best bitcoin sportsbooks are the perfect choice for any bettor.
When it comes to sports betting, variety is key. Bettors want to have a wide range of options available when they sign up with a new sportsbook. This means that bookies need to provide as many different types of bets as possible. From straight-up point spreads and moneyline wagers on individual games to bets on whether or not a team will score in the first quarter, there are all sorts of possibilities for punters to explore. Different BTC sportsbooks use different formats and rules to calculate their odds and payouts, but the key is to provide as much variety as possible. This will keep customers coming back for more.
Bitcoin sportsbooks do not typically charge fees for deposits or withdrawals. This is likely due to the fact that the bookmakers are still trying to catch up to the trend, and they are not yet concerned about their customer's needs. Some bookmakers still charge fees for these services, however, which indicates that they may be behind the curve or simply do not care about providing a better service.
Bonuses & promotions
Bonuses and promotions are an important part of any bitcoin sports betting experience. They add excitement to the games and can give you a financial edge when it comes time to make your bets. In order to get the most out of your bitcoin sportsbook, be sure to take advantage of all the bonuses that are offered.
A quick guide to Best Bitcoin sports betting sites
Bitcoin is all the rage right now, and for a good reason. It offers a new way to interact with the digital world, and it has the potential to revolutionize how we use money. Here we’ll walk you through the process of signing up for BTC betting sites and depositing funds. Let’s get started!
- Step 1: Decide which bitcoin betting sites to use
The first step is to decide which bitcoin betting site to use. There are a number of different options available, and each BTC Bookmaker has its own strengths and weaknesses. The best sites are listed on this page, so keep reading!
When choosing a bitcoin sportsbook, make sure that it is reputable and has a good reputation. You don’t want to risk your money on a shady operation.
- Step 2: Sign up for an account
The next step is to sign up for an account. This process will vary from sportsbook to sportsbook, but most will require some basic information such as your name and email address. Be sure to read the terms and conditions carefully before signing up.
Some bitcoin betting sites will also require you to verify your identity before allowing you to deposit funds. This is done in order to protect against fraud and money laundering.
- Step 3: Deposit bitcoin into your account
Once you have created an account, it’s time to deposit bitcoin into it. This process will also vary from one betting site to another, but most will accept a variety of different cryptocurrencies including Bitcoin. Simply navigate to the “deposit” page and select your desired currency. If you haven't got any bitcoins yet, you will need to find a reputable Bitcoin betting exchange.
Be sure to double-check the address before sending any funds! It’s easy to make a mistake when entering addresses, and this could result in lost funds.
- Step 4: Bet bitcoin, start wagering!
Now that you have bitcoin in your account, it’s time to start wagering! Each bitcoin betting site or bitcoin betting app has its own variety of games available, so be sure to explore the options before placing any bets. Generally, best bitcoin sportsbooks offer a wide variety of different sports such as football, cricket, horse racing and many more.
Bitcoin betting sites advantages
Bitcoin betting sites disadvantages
Bitcoin betting does have a few disadvantages that you should consider before getting involved. These include the following:
What kinds of Bitcoin Bets Can I Make?
On bitcoin betting sites you can make all sorts of bets with Bitcoin, including moneyline bets, point spread bets, and Totals (over/under) bets. You can also bet on futures, props, and parlays. To learn more about the different types of bets you can make, check out our guide to sports betting.
Moneyline Bitcoin Betting
Moneyline bitcoin bets are the simplest kind of bet you can make. With a moneyline bet, you simply pick a team or player to win. The odds will be expressed as a positive or negative number. A positive number means the team is an underdog, and a negative number means the team is a favorite.
Here's an example: Let's say you want to bet bitcoin on the Los Angeles Lakers to beat the Golden State Warriors. The Lakers are +5, meaning they're 5-point underdogs. If you bet $100 on the Lakers and they win, you'll profit $500 (Your $100 bet plus $400 in winnings).
On the other hand, if you wanted to bet bitcoin on the Warriors, they would be -5. This means they're 5-point favorites. If you bet $100 on the Warriors and they win, you'll only profit $80 (Your $100 bet plus $80 in winnings).
point spread bitcoin bets
They are similar to moneyline bets, but with one important difference. With a point spread bitcoin bet, the favorite must win by more than the spread, and the underdog must lose by less than the spread, for you to profit.
Here's an example: Let's say you want to bet BTC on the New England Patriots to beat the Denver Broncos. The Patriots are -7, meaning they're 7-point favorites. If you bet $100 on the Patriots and they win by more than 7 points, you'll profit $100 (Your $100 bet plus $100 in winnings).
On the other hand, if you wanted to bet on the Broncos +7, you would need them to lose by less than 7 points. If they lose by more than 7 points, you would lose your bet.
Bitcoin Totals (over/under) Bets
With a Totals (over/under) bitcoin bets, you're betting on whether the total score of a game will be over or under a certain number.
Here's an example: Let's say you want to bet on the New York Jets to beat the Buffalo Bills. The total for this game is 42.5. If you bet the over, you're betting that the final score will be 43 or more.
If you bet the under, you're betting that the final score will be 42 or less.If you bet $100 on the over and the final score is 44-10 Jets, you'll profit $270 (Your $100 bet plus $170 in winnings). On the other hand, if you bet $100 on the under and the final score is 42-0 Jets, you'll also profit $270.
Asian Handicaps BTC Betting
Asian handicaps are a type of bet available on football. In this market, punters can take advantage of a number of Asian Handicap options, with the most popular being the 0.5 goal handicap.
Essentially, this handicap gives one team a head start of half a goal and the other team a deficit of half a goal.
For example, let's say that Manchester United are playing Arsenal in the Premier League. The bookmaker may offer odds of 1.90 for Man Utd (-0.5), 2.00 for Arsenal (+0.5), or 1.95 for the draw. In this instance, Man Utd are favourites to win as they have been given a head start by the bookmaker.
If you bet on Man Utd (-0.5) and they win the match 1-0, your bet is a winner as Man Utd have effectively won the match 1.5-0. If you bet on Arsenal (+0.5), then you need Arsenal to either win or draw the match for your bet to be successful.
If the match ends in a draw, then all bets on Asian Handicaps are void and your stake is returned to you.
Asian Handicaps BTC betting can be used in a number of different ways, but they are most commonly used in football betting. Other sports that offer Asian Handicap markets include basketball, tennis and rugby union.
Asian Handicaps can be found on a number of different betting sites, but it is important to shop around for the best odds before placing a bet.
Bitcoin Futures Betting
With a futures bitcoin bet, you're betting on a team or player to win a championship at the end of a season.
Here's an example: Let's say you want to bet on the Los Angeles Lakers to win the NBA Finals. If you bet $100 on the Lakers at the beginning of the season and they go on to win the Finals, you'll profit $1000 (Your $100 bet plus $900 in winnings).
On the other hand, if you bet on the Warriors to win and they don't even make it to the Finals, you would lose your entire bet.
Bitcoin Props Betting
With bitcoin props betting, you're betting on something that will or won't happen in a game.
Let's say you want to bet on whether the New England Patriots will score a touchdown in the first quarter.
If you bet $100 on them to do so and they score a touchdown, you'll profit $250 (Your $100 bet plus $150 in winnings). If they don't score a touchdown, you would lose your entire bet.
Bitcoin Parlays Betting
With a parlay bet, you're betting bitcoin on two or more teams or players to win. Let's say you want to bet on the Los Angeles Lakers and the Golden State Warriors to both win their games.
If you bet $100 on the Lakers +5 and $100 on the Warriors -5, and they both win, you'll profit $400 (Your $200 bet plus $200 in winnings).
However, if even one of them loses, you would lose your entire bet. As you can see, there are many different types of bets you can make with Bitcoin.
Each type of bitcoin bet has its own set of rules and odds. Be sure to research each type of bet before placing your bets. In addition, be sure to shop around for the best odds and lines. Different sportsbooks will offer different odds and lines for the same game. By shopping around, you can ensure that you're getting the best possible value for your bet.
Bitcoin eSports betting
Bitcoin eSports, or electronic sports, is a form of competitive gaming where players battle each other in digital arenas. The global eSports market is expected to grow from $493 million in 2017 to $1.5 billion by 2020. So far, the vast majority of this revenue has come from sponsorships, advertising, and media rights.
However, as the popularity of bitcoin eSports betting continues to grow, so too does the opportunity for cryptocurrency payments. In fact, several bitcoin-based eSports platforms have already popped up over the past year or so. These platforms allow gamers to compete for real-world prizes and money using bitcoin and other cryptocurrencies.
One such platform is FirstBlood. Launched in 2016, FirstBlood allows gamers to compete in popular games such as DOTA 2 and Counter-Strike: Global Offensive. Players can win prizes worth up to $5,000 by playing on FirstBlood's decentralized platform.
Another platform that allows bitcoin betting on esports is Unikrn. This Seattle-based company allows gamers to bet on professional eSports matches using bitcoin and other cryptocurrencies. Unikrn has also partnered with Tabcorp, one of the largest gambling companies in the world, to offer betting services in Australia and the United Kingdom.
Clearly, bitcoin is starting to make its mark in the world of eSports. As cryptocurrency payments become more widespread, it's likely that even more gamers will start using bitcoin and other digital currencies to pay for goods and services online.
Our favourite Bitcoin sportsbook
Bitcoin community on Reddit
The bitcoin community on Reddit is a great place to learn about all things related to bitcoin. From technical questions to wallet advice, you'll find everything you need to get started with Bitcoin on Reddit. There are also many experienced members who are more than happy to help out newcomers. If you're looking for a place to get started with bitcoin, Reddit is a great place to start!
Bitcoin betting sites reviews
Check our latest news
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Frequently Asked Questions
Bitcoin is a digital currency that is created and held electronically. It is not controlled by any government or bank and has no physical currency.
You can buy bitcoin through a bitcoin exchange. You will need to create an account with the exchange and deposit money into the account in order to buy bitcoin.
To use bitcoin to bet on sports, you will need to create a bitcoin wallet. This is where you will store your bitcoins. You can then use the bitcoins in your wallet to place bets on sports.
Bitcoin offers a number of benefits for sports betting. Bitcoin is fast, secure and convenient. Transactions are also irreversible, which means that there is no risk of chargebacks.
The main disadvantage of using bitcoin betting sites is the volatility of the bitcoin price. The price of bitcoin can fluctuate greatly, which can impact your profits or losses.
There are a few things you can look for to determine if a sportsbook is reputable. First, check to see if the sportsbook is licensed by a regulatory body. Second, read reviews of the sportsbook to see what other bettors have to say. Finally, check to see if the sportsbook has been in business for a long time.
If you lose your bitcoins, there is no central authority that can refund you. You will simply lose your investment. This is why it is important to only bet with reputable sportsbooks.
To withdraw your winnings, you will need to send your bitcoins to your bitcoin wallet. From there, you can then sell your bitcoins for cash.
Some sportsbooks offer niche sports, such as cricket or table tennis. You may have to search around to find a sportsbook that offers the sport you want to bet on.
There is no definitive answer to this question, as different users may have different preferences. However, some of the most popular bitcoin betting apps include BitBet, Peerbet, and Betcoin.