With the rise in the popularity of cryptocurrencies, many sports betting sites are beginning to accept payment through bitcoin and other stable coins. As a result, crypto enthusiasts can now use their cryptos to place bets on their favorite teams, leagues, and tournaments. But newbies still need to understand how to choose the right betting sites to access useful resources like NFL odds, a wide range of betting options, bonuses, and other important things. As a result, we have prepared this guide to help you get started. Let's dive right in!
Spotting a Good Crypto Betting Site
When you decide to start betting with crypto, you need to take the time to find a good betting site that accepts payment using bitcoin or any other cryptocurrency. In addition to that, you need to make sure that the betting site offers everything you want, and you might want to go for the hybrid type, where you can also play casino games. That way, whenever you become bored of placing sports bets, you can try your luck at a video slot machine or a roulette table. Also, you need to check if the casino has proper security and that players' details are secured. Finally, you need to confirm a working channel that enables you to contact the support team easily.
Creating an Account
Now that you have spotted a good crypto betting site, the next step is to create an account. Fortunately, most sports betting sites today have straightforward registration processes. Most of the time, all you need to do is click on the Join Now or Register button to get started. After that, you will see a form that you need to fill out with the appropriate information. Once that is done, you need to verify your email address and confirm your registration. As long as there is no itch, you can log into your account to start betting using cryptocurrencies.
Placing Your First Bet
You need to fund the account you recently created to place your first bet. To do this, you have to go to the cashier page, select the cryptocurrency you would like to use, and then follow the instructions. Once that is done, your account will be fully funded in no time. Now that you have money in your bet account, you can place your first bet using crypto. So, head to the sports section and select the tournament you want to wager. To not get lost or confused, make sure you already have in mind the bets you want to place. If you do not have that, below are some of the types of bets you can place:
If you make the right prediction and win, your bet account's money will increase. So, try as much as possible to predict the right outcome by taking the time to research stats, player news, updates, head-to-head, and other helpful resources.
Cashing Out Your Wins
Once you have more than enough in your bet account, you might want to take out the excess as a pat on the back for a job well done. Winning in gambling is no small feat, so you should be able to enjoy your wins. As a result, you should take out your wins from time to time. To do this, you need to go to the cashier page and look for the withdrawal options.
Then, select Bitcoin or any other cryptocurrency of your choice, provide your wallet address and confirm the withdrawal. So long you follow the instructions correctly and give the right address, you should receive the funds within 48 hours. Now, you can get yourself that bottle of Glenn or a trip to Hawaii, depending on the amount you cashed out.
Tips to Betting Successfully with Crypto
Betting, whether with crypto or fiat currencies, is based on luck, and success is pretty hard. However, you can always increase your chances by applying expert betting tips. First, ensure that you only bet with money you can afford to lose, don't let personal biases cloud your judgment, and never bet on sports you do not know about.
