A Novice Guide To Bitcoin Sports Betting

In recent years, we have seen a partnership develop between online gambling websites and Bitcoin enthusiasts. Not just because Bitcoin offers so many advantages for the sites themselves, but also because customers can remain anonymous while gambling. But there is another avenue of betting that is worth exploring with Bitcoin, and that is sports betting.

Finding A Bitcoin Sports Betting Website

While the task of finding a proper sports betting website that accepts Bitcoin can be rather tedious, there are quite a few options at your disposal. Even though the success between online gambling and digital currency is plain for anyone to see, sports betting is a slightly different creature compared to your average casino website.

You have to keep in mind that Bitcoin is nearly the opposite from traditional currency;  it is not governed, issued or controlled by a central bank or authority. In fact, Bitcoin does not abide by the laws of any given country. Nor should it, as the digital currency is something so revolutionary it will take years before we can even begin to comprehend its potential impact on our daily lives.

And it is this lack of oversight – and in most countries, also lack of regulation – that makes sports betting websites nervous. Granted, they can see the upsides of accepting Bitcoin as an alternative payment method, next to wire transfers, credit cards, and other payment processors. But there is always a legal risk in doing so as well, as the Bitcoin regulatory status could change as early as tomorrow.

On the other hand, this same lack of regulation and oversight is exactly what makes Bitcoin so attractive for people from all aspects of life. Finally, there is now a way to control your finances while you are in power, and not a bank or government. And even though Bitcoin may never replace fiat money – nor should it, to be honest – it is a very viable alternate payment method.  For online gambling, for example, Bitcoin is a godsend.

That being said, not every site that lets you use Bitcoin for online gambling will also allow this payment method for sports betting though. The number of websites offering both services are fairly limited and even if you manage to find one, there is no guarantee for success. Luckily for Bitcoin enthusiasts around the world, there are sports betting websites that accept Bitcoin.

List of Bitcoin Sports Betting Websites

Our colleagues over at Bookmaker Analyst have put together a short but comprehensive list of some of the most popular Bitcoin sports betting websites. Even though this list is far from complete, it is a good starting point for novice Bitcoin sports betters, and all of these platforms are all well-respected.

One notable absentee on that list is DirectBet.eu, a very popular sports betting website that offers some great odds. DirectBet offers a wide variety of sports to choose from, including horse racing, basketball, soccer, tennis, golf and ice hockey. But there is also mixed martial arts, boxing, handball and darts to choose from – offering a little bit of everything for everyone.

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