Sports betting is something that has been around for years. Man has always been interested in betting as it provides extra excitement when watching your favourite match. Often betting on games involves money transactions but now you can also bet on your favourite match with bitcoin!
Bookmakers have been around for many years and already in 1886 Ladbrokes began to offer betting on horses. Over the years this has evolved and today you can bet on just about anything from football to politics.
All bitcoin bookmakers we recommend have been screened to ensure that they provide a safe gambling environment and have a valid gaming license. This is extremely important in our opinion; one should never play on a site that does not offer the player protection that comes with a valid gaming license.
The bitcoin bookmakers we recommended above are very experienced and all offer an attractive welcome bonus. If you want to find even more information regarding bitcoin gaming sites and learn more about the benefits of bitcoin gambling you can read more about betting at bestbitcoingambling.com.
If you are not familiar with the term odds and the meaning, we will explain it quickly for you.
Odds is the ratio between the bet and the profit. When placing a bet with higher odds the chances of winning is normally lower as it would result in a higher win if the bet is won. The odds are set by the various bookmakers and it can be different on the various bitcoin sports betting sites.
For a bet placed with an odds of 4.5 the win would be 3.5 times the initial bet amount, as the bet is always calculated as 1.0 of the odds given. E.G. if you place a bet of 0.45 BCH at an odds of 4.5 and win, your total win amount after subtracting the initial stake would be 1.575 BCH.
Bets of this type can be on anything from football and hockey to politics like on Cloudbet, with the possibility of placing multiple bets at the same time to increase the odds. Many Bitcoin casino operators offer a large range of betting options with the possibility of placing bets on who will score the next goal, number of corners in a match, etc.
Most countries have a state-run sports betting option; however, we believe it is much more beneficial to play online at the Bitcoin Casinos as they offer better odds and a much larger selection of games. This in combination with the fact that all our partner casinos offer bonuses to their players, which means that you will normally have double the money to bet with. With a bonus offer from Cloudbet, you deposit 5 BTC and get 6 BTC to play for. Just be aware that some of the bonuses offered by online casinos comes with specific terms and conditions, that means that you might have to wager the bonus amount before you will be able to withdraw the winnings.