The gold rush for Bitcoin fortunes has ended abruptly, pretty much as it began, but the appeal of the crypto currency has remained largely intact. There are many ways in which digital money is being used by tech-savvy individuals, as well as regular people and gambling is one of them. The main advantage of playing at bitcoin gambling sites is that punters enjoy the utmost privacy and don’t have to use traditional payment methods. In countries where the legality of online casino games, sports betting and poker is still debatable, crypto currencies have gained a lot of traction quickly.
There are plenty of other reasons for why players choose esports betting with bitcoin and in this wide-ranging tutorial, we take a closer look at these arguments. The good news is that the number of gambling operators that accept deposits and wagers in crypto-currencies is on the rise. Instead of struggling to find a place where these deposits are accepted, players are now confronted with the paradox of choice. This guide helps you make an educated decision and avoid many of the pitfalls that plague gamblers.
The first steps are always the most difficult ones and this is one of the main reasons for why so many are reluctant to check out bitcoin gambling sites. The good news is that setting up a Bitcoin wallet doesn’t take a lot of time and previous experience isn’t required. There are plenty of options available online for free and in a couple of minutes, players can set up an operational account. The process is pretty much identical to the one of registering an account with a regular bookmaker. Players must choose a username, a strong password and wrap up the process by activating the wallet through email address verification.
With minimal research and following the advice in our bitcoin e-sports betting guide, you will enjoy a secure gambling experience. Bitcoin wallet security is just as important and in order to prevent cyber criminals from stealing your funds, it is recommended to link your phone and use the two-factor authentication. The other steps involve the completing of the profile and the verification of identity, something that traditional casinos require as well.
As soon as you have a Bitcoin wallet up and running, the only thing left to do is to fund it with crypto currency. Begin by registering a payment method and transfer funds from your credit card or even better, through direct bank transfer. All the information needed, regarding the bank name, IBAN, SWIFT/BIC code and other details will appear on the screen, during the uploading process. If you’re already the proud owner of digital money, you can transfer it directly to your online account at the bitcoin betting site.
New players, who are completely new to the world of bitcoin would obviously have to purchase the crypto currency first. There is a small fee charged to transactions made over credit and debit cards, but the figures are clearly displayed, so the costs are transparent. To upload the funds, players get a personalised Bitcoin address from the sportsbook and use it in their own wallet to transfer the funds. Normally, money should reach its destination immediately and punters can place their first esports bets with bitcoin.
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Anyone who has placed a bet before with an online bookmaker will find the process of esports betting with bitcoin straightforward and intuitive. That’s because there is no difference whatsoever between Bitcoin sports books and those who offer exclusively fiat currency. The list of electronic sports is usually displayed in the left side of the website and punters can browse based on videogame. League of legends, Dota 2, Counter Strike Global Offensive, Call of Duty and StarCraft are just some of the games that are expected to feature in the collections of any respectable bookmaker.
Under each category dedicated to individual video games, players will find the available tournaments. Depending on the magnitude of the competition and the importance of the matches, the number of markets available on bitcoin gambling sites can differ greatly. The worst-case scenario is to only be presented with the chance of betting on the outright winner. In most cases however, punters can bet on dozens of special markets, focusing on in-game events which normally benefit from bigger odds.
As stated above, any respectable bitcoin betting site will allow its punters to bet on most of the important matches in real-time. In the section dedicated to live betting, punters can expect to find largely the same markets, with dynamic odds. This is usually the place where the differences between average, good and excellent live betting sites shine the brightest. Our bitcoin esports betting guide can help you find the bookies where the live odds are refreshed quickly. This is particularly important when trying to take advantage of fleeting opportunities, as things change with great speed in videogames played by professional players.
Just because a bookmaker accepts Bitcoin, doesn’t automatically mean that players should choose it over those who allow deposits in fiat currency. This is indeed a plus, but there are a couple of criteria that can be used by punters to make an educated decision. A good bitcoin betting site must have a comprehensive selection of sports, competitive odds and plenty of markets on display. It is imperative for these bookies to provide decent live betting opportunities not only on traditional sports but also esports. The three gambling operators suggested below meet our criteria and would make excellent long-term partners:
The first name that comes to mind when looking for a bitcoin betting site that offers top odds is Pinnacle Esports. The gambling operator has made a name for itself over the years for offering premium odds on a broad spectrum of sports. They were among the first to jump on the esports bandwagon and can now brag about covering all the popular videogames. Their odds have remained just as solid over the years and in the long run, punters can expect the best return on investment. It is possible to bet on MOBAs such as League of Legends and Dota 2, first-person shooters like CS:GO and real-time strategy such as StarCraft.
(For more information about Pinnacle and their offers, read our Pinnacle Review)
Rivalry is another worthy choice when searching for esports betting with bitcoin, thanks to its ample selection of popular videogames. This bookmaker is a one trick pony, but for all the good reasons, since it offers exclusively the possibility of betting on esports. Deposits and wagers in crypto currency are accepted and players are eligible for generous bonuses when they sign up and further down the road. Optimised for mobile devices, Rivalry has a dedicated section for live streams where players can watch the best teams compete in real-time. The betting limits are flexible and the odds offered truly competitive.
(Check out our Rivalry Review for more information regarding their exciting welcome offer)
Arcanebet is a bitcoin betting site specialized in esports, but it has an entire section dedicated to traditional sports. This is one of the first places to go when checking for odds on the upcoming events, since they are posted here before anywhere else. As a punter, one can bet on hundreds of games every day and the vast majority of prominent esports competitions can be washed on the website. When this is not possible, punters are directed to the official YouTube or Twitch channels. The cherry on the cake is that Arcanebet has a casino where players can spend bitcoin on a different type of gambling entertainment.
(For more information about this bookmaker, read our Arcanebet Review)
Esports betting with bitcoin is not rocket science and even absolute beginners can learn the ropes quickly. Veteran punters who make the transition to bitcoin gambling sites will be given the freedom of depositing in crypto. The learning curve is silky smooth and the advantages range from enhanced privacy, to bigger bonuses than those offered by mainstream bookmakers. If you choose the sports books we recommend, you also make sure that whenever you place a bet, you do it at competitive odds.
Setting up a bitcoin wallet is perhaps the only out of the ordinary step, but it is a one-time process and you end up owning a wallet that could prove useful in the future. After all, the Golden Age of crypto currency might be just around the corner and esports betting with bitcoin could be the perfect opportunity to test the waters. What is certain, is that you will enjoy the time spent betting on the best MOBA, first-person shooters and real-time strategy games.
Would you like to know how to bet on esports successfully? Check out our Esports Betting Tips section for the best betting strategies and all the latest esports updates.