Welcome to the exciting world of Bitcoin sports betting, where the versatility of traditional sports betting meets the innovation of digital currencies. This guide will walk you through the different sports bets you can place with Bitcoin. Understanding these options will help you make the most of your betting experience. So, let’s dive in!
Understanding Bitcoin and Sports Betting
Before we delve into the different types of sports bets, let’s quickly recap what Bitcoin is and how it applies to sports betting. Bitcoin is a digital cryptocurrency that offers anonymity, freedom, and flexibility unmatched by traditional currencies.
You can learn more about Bitcoin sports betting in our comprehensive Betting on Sports with Bitcoin guide.
Types of Crypto Sports Bets
1. Moneyline Bets
A money line bet is the most straightforward type of sports bet. In this bet, you are simply predicting who will win the match. No other considerations, such as points or goals scored, come into play. The odds are usually presented in a decimal format, and your potential winnings are calculated by multiplying your stake by the odds.
You can place Bitcoin moneyline bets on various sports, from football and basketball to tennis and boxing. Check out our Sports Page for a complete list of sports you can bet on.
2. Point Spread Betting
Point spread betting, or handicap betting, is popular among bettors. In these bets, a handicap is applied to level the playing field between two unevenly matched teams. The favourite is given a negative points handicap, while the underdog is given a positive one. The favourite must win by more than their handicap for a bet on them to pay out, while the underdog must either win or lose by less than their handicap.
Interested in point spread betting with Bitcoin? Visit our Guide to Point Spread Betting.
3. Over/Under Bets (Totals)
Over/under bets or totals involve betting on a game’s total number of points, goals, or other vital statistics. The sportsbook sets a number, and bettors wager whether the total will be over or under that amount. This type of bet is popular in sports with easily quantifiable points or goals, such as football, basketball, and hockey.
For more on this, please read our detailed Over/Under Betting Explained page.
4. Prop Bets (Proposition Bets)
Prop bets are wagers placed on specific outcomes within a game that do not directly affect the final result. These could include who will score the first goal, how many yellow cards will be shown in a football match, or whether a particular player will hit a home run in a baseball game.
Get to grips with prop betting with our insightful Guide to Prop Betting.
5. Futures Bets
Futures bets involve wagering on events that will happen in the future, such as who will win the Super Bowl, the Premier League, or the Wimbledon Championships. These bets are usually placed before the season starts and are a long-term investment.
Check out our Guide to Futures Sports Betting.
6. Parlay Bets
Parlay bets involve combining multiple bets into one. All the individual chances within it must win for the parlay bet to win. This increases the risk but also significantly boosts the potential payout. Parlay bets can be made across different sports and bet types.
Learn more about parlays with our Guide to Parlay Betting.
7. Live betting
Live betting, or in-play betting, allows you to place bets on a game as it’s happening. The odds change in real time based on the progress of the game. It’s an exciting form of betting that keeps you engaged throughout the game.
Read more about Bitcoin live sports betting.
With the various sports bets available, there’s something for every kind of bettor in the Bitcoin sports betting world. Whether you’re a fan of simple moneyline bets or like the complexity of prop and futures bets, Bitcoin sports betting offers a wealth of opportunities to make your betting experience more exciting and potentially more profitable.