Bitcoin

5 Best Crypto Sports Betting Sites (2022)

everything you need to know about betting odds

While learning the intricacies of the sports markets is very helpful, it is only part of the overall equation.

Winning in the long run is practically impossible without knowing how betting odds work.

Reading: Bitcoin betting sites

It doesn’t matter how much research you do on sports markets; success will elude you if you take the wrong odds.

When placing bets, you should realize that cryptocurrency betting sites have an edge in all markets ranging from 3% to 30% or more.

Your ultimate goal is to uncover “mistakes” in odds that betting websites occasionally make.

what are value bets?

value bets aim to uncover a bookmaker’s mistake in a market.

For example, your research shows a 30% chance that Manchester United will beat Arsenal in the English Premier League.

Let’s assume the odds of a joint win are 2.50 on most cryptocurrency betting sites. should you make a bet?

not! 100/2.50 means that the sports betting website believes there is a 40% chance of an overall win.

When investigating any event, your goal is to discover enough information to determine the probability of an outcome.

At the end of this process, you are rewarded with a “betting cloth”, which helps you better understand a bookmaker’s odds.

what is a betting fabric? it is a method to create your own quotas.

However, don’t even think about making one until you know more about the different types of sports betting odds.

Many people don’t know how to calculate betting odds, so we’ve created a quick guide to the three most common types.

American odds

btc sports betting websites serving users in the united states often use american odds, which have a plus or minus sign before a number.

use the sign to determine if the potential win in crypto is greater or less than your bet size.

if the sign is minus (-), it means the odds are below even, so your win will be less than your bet if you win.

a (+) sign means a lay bet, so your possible win is greater than your original bet.

here are some examples of american odds and how much you could win depending on the size of your bet:

  • +110 – Bet $100 and win at these odds means a total return of $210

    +150 – When betting at these odds, a win will result in a $150 win

    +300 – Back any outcome at these odds with a $100 bet, and your total winnings will be $400 if successful

    -110: If you bet at this price, your total win with a win is $90.91

    -150: Bet $100 on these odds and win, and you’ll benefit from a return of $166.67

    -300: If you bet $100 and your selection is successful, you benefit from a return of $133.33

    decimal odds

    If you live in Europe, you are probably familiar with decimal odds, which are the most basic form.

    To calculate your possible winnings, multiply your crypto bet size by the odds.

    For example, if you want to bet $200 on England to beat Sweden with odds of 1.6, multiply 200 x 1.6, which equals 320.

    an English win means you enjoy a win of $120 as 320 – 200 = 120.

    To find the probability of any election winning as a percentage, divide the odds by 100.

    Using the example above, England has a 62.5% chance of winning according to the btc betting website, as 100/1.6 = 62.5.

    fractional installments

    Generally speaking, fractional odds are popular in the UK and Ireland.

    This odds format features a slash between two numbers.

    for example, if you bet on an outcome with odds of 6/1, you will receive $7 back for every $1 you risk.

    so if you wager $10 worth of cryptocurrencies at odds of 6/1, you would win $70 if successful, for a profit of $60.

    the figure on the left hand side is the profit you will get if you bet the amount of money wagered on the right hand side.

    let’s say he supports the tennessee titans to defeat the tampa bay buccaneers at odds of 11/4; this means your profit is $11 for every $4 you wager if the titans win.

    of course, you must include the cryptocurrencies you wagered to determine the total payout.

    Most bitcoin betting websites will allow you to change the odds format, so experiment to see which you like best.

    best types of sports bets

    Bitcoin sports betting is incredibly popular these days.

    As a result, an increasing number of sports betting companies allow you to bet on a wide range of sports and esports using crypto.

    If that’s not enough, there are an impressive number of markets.

    However, before signing up to any crypto betting site and risking any money, it is essential to understand the logic behind each bet.

    This means learning about the different sports betting markets and what they represent.

    This detailed guide reviews numerous popular markets and illustrates how you can earn.

    With this knowledge, you are more likely to find the best markets for your betting style, increasing your chances of winning bitcoins.

    the winning market

    The most popular crypto sports betting market is to bet on a team or player to win.

    You have to choose which team/player you think will win the game.

    For example, you can choose the Boston Celtics to beat the Los Angeles Lakers in the NBA.

    See also: August Crypto Market Outlook – Forbes Advisor

    Although it is a simple market to understand, there are some minor differences depending on the sport, as illustrated below.

    football

    The football win market gives you the opportunity to bet on the home team, the away team or the tie.

    Draws occur in top level soccer in 25% to 30% of games, making it a viable option that is usually available at decent odds.

    football also has the following moneyline variations:

    • no draw bet: if your selection draws, you get your crypto back and win if the team wins.

      Double Chance: You win if your selection avoids losing. however, you earn the same amount whether the team wins or draws.

      basketball/football/baseball

      In several North American sports, level-ending games are decided in overtime.

      basketball, football, and baseball are three examples of this.

      You will find that most cryptocurrency sports betting websites do not offer a “tie” market, although football games can end in a tie after overtime.

      Consequently, you win your bet if the team you choose wins the match in extra time.

      however, we recommend that you make sure the btc betting site includes overtime on your original money line bet.

      tennis

      Many sports offer a binary option to win or lose because there is no chance of a tie.

      tennis is one of the best examples because a game cannot be over until a player wins the required number of sets.

      As a result, there are few bitcoin sports betting markets as easy to understand as the money line in tennis.

      overall winner

      there are usually big tournaments with dozens if not hundreds of games in different sports.

      Tournament Winners Market allows you to select who you think is likely to win the grand prize.

      This is a great market if you want to win a lot of crypto because there are so many longer odds options.

      Some cryptocurrency sports betting sites allow you to mitigate your risk by allowing you to back your choice in every way.

      This means you can earn crypto if your team reaches a certain stage, usually the semi-final or final.

      above or below

      This popular market revolves around the total number of scores in a game.

      Your mission is to determine if the event will have more or less scores than the ‘line’ set by the bitcoin sports betting site.

      If you think the sports betting platform line is completely wrong, you can search the alternative market for over/under of the highest odds selections.

      Obviously, scoring types differ depending on the sport.

      for example, crypto sports betting websites could put the line on a liverpool vs manchester united match at over/under 2.5 goals.

      if you are anticipating a smooth game with at least 3 goals, you can bet on over 2.5 goals or under 2.5 goals if you think there will be 2 or less goals.

      However, if you think the game will be fairly open, you could go for a 3.5+ goals market and win if there are more than 4 goals.

      The beauty of this bet is that it doesn’t matter which team/player wins, as their only concern is the scoring level in the event.

      the next scorer

      This is one of the easiest betting markets to understand and is ideal for beginners.

      As the name implies, the idea is to bet on the next individual or team to score next in the match.

      for example, you may be interested in liverpool scoring the next goal against manchester united.

      Note that some sports tend to have low scores, so be prepared to wait for the fate of your bet.

      Did you know that approximately 7% of top-level European football matches have zero goals in matches despite teams playing more than 90 minutes?

      As a result, if you want the chance to place a lot of bets that pay off quickly, look to sports like tennis and basketball.

      most btc sports betting websites allow you to bet on every basket or point in a match.

      You know if your bet has won or lost seconds after placing it in many cases.

      handicap

      Sometimes sports betting sites know that a game is unlikely to be competitive.

      Sometimes the favorite’s odds are so unattractive that it’s not worth betting on.

      However, you can make things more interesting by betting on the handicap market.

      Sports betting sites that accept cryptocurrencies give a virtual advantage to the underdog team, and you need to determine if the favorite is strong enough to win from this deficit.

      let’s say the milwaukee bucks are heavy favorites to beat the chicago bulls and have a -10.5 handicap.

      The handicap above means that the dollars have to win by a minimum of 11 points if you decide to bet on them.

      Alternatively, you can bet on the bulls with a handicap of +10.5 and win crypto if they win the match or lose by a maximum of 10 points.

      asian handicap

      as you might guess from the name, asian handicap is a bitcoin sports betting market that started in asia.

      is a bit more complicated than its standard counterpart, but can give punters an advantage when used correctly.

      This is why professional players prefer the Asian handicap market to the conventional version.

      Read on for an explanation of selected Asian handicap markets using an English Premier League match between Manchester City and Everton:

      • man city (0): you win if man city wins the game, you lose if they lose, and you get your money back if they draw.

        man city (-0.25): you win if the city wins, you lose your money if they lose the game, and you get back half of your bitcoin if they tie.

        man city (-0.5): you lose your entire bet if the city draws or loses and you only win if the citizens win the game.

        See also: Bitcoins kaufen mit Paypal – BTC anonym ohne Verifizierung – jodano2022

        man city (-0.75): needs city to win by two clear goals to win the bet. a draw or a loss results in a losing bet, while a one goal win means you get a “half win”. .

        man city (-1): you get your money back if city wins by one goal, wins if they beat everton by 2+ goals and loses if the citizens lose or draw.

        The above markets work similarly if you decide that everton will fare better than the crypto betting site odds suggest.

        for example, betting on everton with the +1 asian handicap means you win if the toffees avoid defeat and you get your money back if they lose by a single goal.

        These markets are certainly worth exploring if you are a risk-averse bettor due to the possibility of getting your money back under certain circumstances.

        By removing the binary outcome of “win” or “lose” from the equation, the Asian handicap market offers something new when you decide to bet.

        half/quarter/period markets

        There are relatively few sports where play is continuous, which means you can benefit from additional betting markets.

        Imagine finding out how successful a particular team is in the second half of the games.

        you can wait patiently until halftime to see how the game unfolds.

        Now, you can bet that the team of your choice will win at this stage if the odds are correct.

        By looking closely at a team’s ability to start or finish fast, you could take your betting to the next level.

        player performance

        Regardless of the team sport, you have the opportunity to bet on various player accessories.

        If you think a player is in great shape or has a history of brilliant performances against certain opposition, you can use this knowledge to earn bitcoins.

        This market could involve the selection of player points, goals or baskets depending on the sport.

        team performance

        In potential mismatches, it’s always worth focusing on the performance of a specific team.

        the fact that your bet can win regardless of the outcome is a significant advantage.

        a team can perform relatively well, help you earn bitcoins but still lose the game.

        final punctuation

        Depending on the cryptocurrency sports betting site and the sport, you might be able to use the correct scoring market.

        You need to predict the exact score in a match to win.

        It’s easier to do this in tennis due to the lack of scoring line combinations.

        for example, in a best of three sets match, the only options are 2-0, 0-2, 2-1 and 1-2.

        It is much more difficult to predict the final score in a soccer match due to the immense number of possible outcomes.

        Without detailed research, there is little hope of success.

        The difficulty involved in winning the correct score market is reflected in the long odds offered by btc sports betting sites.

        bets in progress

        reserving time to watch a game live could help you earn money.

        The number of ongoing betting markets offered by the crypto betting website is incredible, though you need to act fast!

        If you’re wary of placing bets before a game, waiting for it to start can help reveal whether your pre-game hunch is correct.

        If you’re an expert in a certain sport, you may know the likely outcome shortly after the game begins.

        Also, specific markets are almost guaranteed to offer better value odds as the game progresses.

        ante-post bets

        Ante-post betting technically relates to any market where the event doesn’t start for at least one other day.

        However, you will find that bitcoin sports betting sites offer odds on events that won’t start for months.

        experts in this form of betting aim to get high odds on an outcome in the belief that the price will drop before the event.

        Sadly, it doesn’t always work that way, and the odds may change.

        Also, before placing an ante-post bet with any bitcoin sports betting site, please review their terms and conditions.

        In some cases, if your team doesn’t compete, you may not get your money back.

        Imagine confidently backing the king of clay courts, Rafael Nadal, to once again win the French Open.

        suddenly you find out that Nadal can’t play because of an injury.

        Depending on the btc sports betting site, you may lose all your crypto.

        effectively, you make an ante-post bet every time you risk cryptocurrency on the winner of a tournament before the event starts.

        should you use bitcoin on gambling sites?

        a group of people calling themselves satoshi nakamoto created the bitcoin network in January 2009.

        It remains by far the most popular digital asset and currently comprises almost half of the market.

        The hype surrounding bitcoin is immense and has caused its value to skyrocket at different points.

        a significant amount of gambling sites are happy to accept cryptocurrencies due to its popularity.

        Before trying to use cryptocurrencies on sports betting sites, here are some pros and cons to consider.

        advantages of using bitcoin on betting sites

        • more and more betting companies offer additional rewards to users who deposit with btc

          The ability of cryptocurrencies to gain value means that a large gain today could be worth even more in the future

          you can bet without your bank or anyone else knowing

          cons of betting with bitcoin

          • the high transaction fees associated with btc eat up your money before you start gambling

            the downside of decentralization is that you have no chance to appeal if you are robbed by a suspicious sports betting platform

            Cryptocurrencies can fall even faster than they rise, so the value of a big win could disappointingly fall

            See also: How to Mine Bitcoin: Beginner&x27s Guide (2021) – Decrypt

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