Sports betting is a great way to earn Bitcoin (BTC). If you love sports, then you can enrich your passion for games by placing a stake on them. You can guess how every match is going to end or answer questions like ‘who’s going to win?’ or ‘how many points are both teams scoring this game?’.
Place your guess at an online sportsbook with any amount of BTC you wish. Get the outcome right and you get your money back plus profit equal to your bet multiplied by the odds of your choice. Are you new to sports betting? Then here is a quick guide to help you get started.
What is an online sportsbook?
An online sportsbook is a website that lets you place bets on professional sports. They originally accept only fiat but the crypto betting revolution popularised the use of Bitcoin as well as other cryptocurrencies like Tether (USDT) and Ethereum (ETH). Now, most sportsbooks accept Bitcoin either exclusively or as an alternative bankroll to fiat currencies.
Categories of matches in sportsbooks
Online sportsbooks handle sports betting for almost every active major league throughout a competitive season. Every match is sorted into categories by their sport, name of the league, association hosting it, and schedule. Use these labels to find the specific game you want to place bets on or look up the name of the teams involved on the sportsbook’s search engine.
Betting by schedule
All matches are filtered by the time they begin relative to the present. Games that are currently live can be found in ‘in-play bets’. Matches scheduled for an hour to a day later are found in a tab labelled ‘24hrs’ or ‘Next 24hrs’. Games scheduled past that date to a week later are under ‘Future’.
Outright betting in an online sportsbook
Outrights are bets on the outcome of the tournament or series of games rather than individual matches. Bets you can choose can be about who wins the tournament, who reached the top half of the rankings, and who gets relegated to a lower league. Leagues under outrights are categorised into associations under each sport, making it easier to navigate than match bets.
Why bet using Bitcoin
The main appeal to betting using Bitcoin is its volatile value. A single BTC can increase its value by double or triple in half a year. Many choose to capitalise on that speculation by simply hoarding as much as they can. They also gradually buy some during times when the asset is cheap to further increase the stash that they can eventually sell in bulk when the time is right.
Rather than buying, you can stand to profit so much more by just winning BTC. That’s what sports betting helps you accomplish. On top of that, Bitcoin transactions are cheaper and easier to do than fiat. Cash payment in online casinos can be expensive if it had to be transferred across borders while crypto only charges a standard rate no matter where you are on the planet. The money you would have paid in convenience fees are therefore profits if you are using digital assets like Bitcoin.
Join the crypto betting revolution for sports and esports
The crypto betting revolution has already successfully made Bitcoin sports betting the new standard. That’s why you have plenty of websites to choose from like Sportsbet which is one of the best of them all. Join the fun now and capitalise on these benefits as a sports enthusiast and crypto investor. You can begin at any time of the year but the best time to do so is during championship season.