How to Bet on Sports with Bitcoin
To many first timers sports betting can be a bit overwhelming. You have to familiarize with sports betting terms, understand the jargon used and at the same time be sure to get up to speed with the tips and tricks of the game. Also, you need to know how to collect your winnings.
How to Bet on Sports with Bitcoin
For starters, you’ll need to be patient and disciplined. You as well need to be an avid researcher and to have the latest stats on how some teams have performed lately. It’s also essential that you frequently check starting line ups and to have injury reports. You may also be interested to know how the weather (in a particular game) will be.
Step One: Use Reputable Sportsbooks
Just as it is the case with eating at a restaurant, you don’t want to go to somewhere overpriced, shady or awful smelling. And since sports betting involves your Bitcoin, you cannot afford to deep your two feet in bad betting establishments. (Consider the following: Betcoin Sports or RedStar Sports).
Step Two: Add Bitcoin to Your Account
The easiest way to get bitcoin into your account is to join Coinbase or just send Bitcoin from your desktop Bitcoin wallet. It’s just like shopping online, which is nice!
Step Three: Start Betting
With rightful preparation, this is the easy part. It’s just as simple a picking the game you want to bet your Bitcoins on. Remember, betting is for risk takers and the chances of winning and losing are present. So, only bet on what you can afford to lose. Avoid betting on too many games; don’t just bet on good teams as good teams win bad ones cover. Again, don’t murder your bankroll by gambling on parlays and teasers. They’re fun but extremely hard
to beat.
We recommend that your average betting should be less than 2-3%; meaning that if you are earning $2000 per month you shouldn’t be betting on games worth more than $40 to $60 worth of Bitcoins. It’s also wise to check out sports betting forums where sports enthusiasts share their ideas freely to get a sneak preview of what other gamblers face.
Step Four: Collect your check
Each provider has different twists and turns to navigate through. Whereas in some sites it’s best to get a cashier’s check sent to you on weekly basis, in some others it’s best to have the funds channeled to you on a monthly basis. There are some firms which offer freebie withdrawal services regularly which you can take advantage of to save a couple more bucks.
Withdrawing on a monthly basis is your best bet as it does not tempt you to bet more than you want. Remember, you can always add more Bitcoin to your account without any limitations.
As we sum it up, we remain optimistic that the information we’ve discussed in this article will inspire you to not only become good in betting but also to do take part in the game in a wise, wholesome and fulfilling manner. All the best!
Where to Bet on Sports with Bitcoin
Betcoin Sports
100% Bonus Up to 1 BTC
US & EU
Games: BlackJack, Roulette, Baccarat, Poker, Slots, Video Poker, Sports Betting
