The introduction of Ethereum as one of the most famous cryptocurrencies into the world of sports gambling has improved the industry. With the benefits of ETH gambling, such as globality, low fees, fast withdrawals, and increased privacy, ETH sportsbooks have become attractive to gamblers. In this article, we will tell you about all the features of ETH sports gambling. In addition, we will help you choose a reliable platform as we have analyzed the best Ethereum betting sites and are ready to share our observations.
Best Sites For Ethereum Sports Betting
The more sportsbooks appear on the market, the harder it is to choose a reliable site. Fortunately, we came to your aid and, having analyzed the top ETH sports betting platforms, we singled out the best options.
SportBet.one
With this bookmaker, you can enjoy betting on a diversity of sports (football, baseball, basketball, cricket, boxing, Counter Strike-2, DOTA 2, etc.). In addition to sports gambling, the platform provides a virtual casino. The sportsbook offers a 125% welcome bonus up to $1,000 (0.41 ETH), generous promos, and high odds.
BetUS
This sportsbook presents a variety of betting markets (handicaps, parlays, futures, etc.) and sports options (tennis, golf, horse racing, football, hockey, etc.). The greeting bonus is 200% + 20% cash bonus up to $500 (0,23 ETH). BetUS provides fast deposits and withdrawals and 24/7 support service.
xBet
In addition to the great selection of sports options (football, MMA, basketball, horse racing, etc.), the sportsbook provides an impressive choice of eSports tournaments (DOTA 2, League of Legends, Rainbow 6, etc.). xBet provides a welcome deal of 50% up to $500 (0,21 ETH) and a 25% reload bonus. The bookmaker offers profitable odds and live betting.
Why Use Ethereum For Sports Betting?
Crypto is definitely changing the gambling industry for the better. Let’s discuss the main benefits of Ethereum sports betting.
Fast Deposits And Withdrawals
The speed of payments in gambling is very highly valued. Due to the decentralization of Ethereum, payments between sportsbooks and gamblers do not go through any intermediaries. This ensures fast deposits and withdrawals. You can make a deposit in a matter of seconds and place a bet without wasting time, just like you can withdraw your winnings at any convenient time. The process of transferring money to your wallet will take up to 10 seconds.
Low Commissions
Due to the fact that Ethereum operates independently and is not accountable to banks and financial institutions, it charges minimal fees for transactions. The average fee per ETH transaction ranges between 0% and 1.3%.
Decentralization
Ethereum, just like other cryptocurrencies, is based on the blockchain, which is a decentralized technology. This means that only you have access to your funds and data. Third parties cannot track your transactions or interfere with them.
Anonymity Of Transactions
Digital currency is the choice of those who prioritize anonymity. Freedom from regulatory accountability provides an increased level of privacy for all ETH users since they do not have to share their data. Also, some Ethereum sportsbooks don’t require KYC, which allows you to maintain the highest level of personal data protection.
Accessibility From Anywhere In The World
Crypto payments are not limited by geographical boundaries. This means that you can access the best ETH betting sites and place your bets regardless of where you are. However, keep in mind that you need to check if using crypto is legal in your region to avoid unnecessary problems.
Security
The blockchain network protects and encrypts every stage of the ETH transaction, preventing third parties from accessing your personal and financial information. Besides, the best Ethereum betting platforms provide top-tier anti-fraud systems, two-factor authentication, and SSL encryption.
Is Ethereum Online Betting Legal In The US?
Yes, Ethereum betting is legal in the US. However, you should consider that regulations and restrictions of ETH gambling vary from state to state. Online gambling legality is enshrined in federal legislation, but interstate and regional gambling is subject to state law. As for the regulation of crypto payments, the US currently lacks federal regulations that fully control this area, so you need to check the law of each state in which you want to use ETH.
Ways Of Payouts From Ethereum Sportsbooks
There are many methods of ETH payouts on Ethereum betting sites:
- Ethereum transfer to an account on a crypto exchange.
- Transferring the coins to a crypto wallet.
- Crypto exchange and receiving the withdrawal to your bank card.
- Cash withdrawal from an Ethereum ATM.
- Direct P2P exchange.
However, the most popular and easiest way is to withdraw to an ETH wallet.
To withdraw your winnings from the ETH sports betting platform this way, you need to go to the Payments section on the site and specify your wallet address. Insert the amount you want to withdraw and confirm the transaction. Go to the wallet and check if the money has arrived.
How To Choose The Best Ethereum Betting Site?
Over the years of researching the online gambling market, our team has developed a list of criteria that must be checked when evaluating a sportsbook. Today, we are ready to share with you these factors that will help you choose the best Ethereum sports betting website.
Licensing And Regulation
It is not for nothing that this criterion is at the top of the list because the legality of the sportsbook’s activities means its safety and reliability. Be sure to check whether the site has a license and whether it is under the control of certain regulatory bodies that are responsible for the quality of the services provided by sportsbooks. Also, consider what legislation regulates the platform’s activities in order to be aware of possible restrictions.
Reputation And Reviews
Check out the reviews on reputable sites to understand what kind of reputation a particular site has. Top ETH sports betting sites always get a lot of positive feedback from both amateurs and professionals. Pay attention to reviews about customer support and technical assistance as this is something that can only be assessed by trying it personally.
Betting Markets
Variety of betting markets ensures an impressive gambling experience and increases the chances of great winnings. When reviewing market options on the selected website, consider availability of the most popular ones – Totals (Over / Under), Futures, and Handicaps. We also recommend paying attention to Ethereum betting websites that provide live wagering.
Deposit And Withdrawal Options
Despite the fact that this article is dedicated to ETH betting sites, you should always check what other payment methods are supported by the platform. The more options you have to make a deposit and withdraw money, the calmer you will feel if you suddenly cannot access your crypto wallet or you run out of coins. The most popular deposit and payout options are credit/debit cards, bank transfers, and electronic payment systems like PayPal.
Betting Limits
This criterion is crucial for those gamblers who don’t perceive sports betting as entertainment only but also expect to earn money on bets. The higher the wagering limits, the greater the amount of possible winnings. If you are a high roller, choose an ETH sports betting site that offers high limits so that nothing interferes with your game.
Bonus Offers
Not all sportsbooks offer bonuses and promos, but the best Ethereum betting sites wouldn’t have made it to the top if they hadn’t had generous offers. The most popular bonus options in online sports gambling are welcome deals, free bets, and reload bonuses. However, some sportsbooks provide lucrative VIP programs that offer customers additional privileges like personal account manager, gifts, etc.
Country Restrictions
When choosing an Ethereum sportsbook, consider where you will be when you place bets. There are sites that are accessible in absolutely all countries where both crypto payments and online gambling are legal. However, there are platforms, access to which in some countries where gambling is legal may be restricted for one reason or another. Sometimes, the solution can be a VPN service that will give you access to a website that is not accessible in your region.
Mobile Compatibility
Make sure the chosen Ethereum sports betting site is mobile-friendly. Most platforms offer mobile apps compatible with iOS and Android devices. However, even if the sportsbook only provides a mobile version of the site adapted for different mobile gadgets, this is enough to enjoy gambling on the go.
What Sports Can You Bet Online On At Ethereum Betting Sites?
The top-tier ETH sportsbooks offer numerous betting options. In this section, we will highlight the most popular sports you can bet with Ethereum:
- Soccer. The absolute leader in the world of sports betting offers gamblers a diversity of tournaments and leagues. The most prominent wagering options are the World Cup, UEFA Champions League, English Premier League, and Copa America.
- American football. Contrary to popular belief, betting on this sport is in demand not only in the US but all over the world. College football games receive as much attention as professional NFL games. The biggest excitement among gamblers is, of course, caused by the Super Bowl.
- Basketball. One of the most popular betting options due to the variety of bets that can be made on this game. Most wagers are placed on games of the National Basketball Association (NBA), Italy’s Lega 1, the WNBA, and Lithuania’s LKL.
- Baseball. This wagering option is suitable for gamblers who are well-versed in analyzing statistical data. If you are a beginner in gambling, start with Major League Baseball (MLB).
- Martial Arts. Boxing matches or MMA events always attract a big audience of viewers and betters, so these events are accompanied by great odds.
- eSports. This betting option allows you to wager on the win/loss of a team/player participating in competitive games. The most popular eSports options are League of Legends, Call of Duty, Counter-Strike 2, Dota 2, VALORANT, etc.
- Virtual sports. Virtual recreations of different sports events like football or hockey games, horse or car races, etc. have become very popular in the last few years and already offer many betting options.
Pros And Cons Of Betting With This Crypto
Pros
Cons
Ethereum’s Future In Online Sports Betting
As ETH, like other cryptocurrencies, is transforming online sports gambling, we can only expect the number of Ethereum betting sites to grow in the coming years. We also want to highlight the main trend in the development of ETH gambling that we will see in the future – smart contracts for betting. Ethereum bookmakers are actively testing ways to use smart contracts to provide gambling services. Smart contracts can minimize cases of delayed payments since they will ensure self-executing payments for winning wagers and self-termination for bets on canceled or withdrawn markets.
Best Alternatives To Ethereum In Sports Betting
Most Ethereum betting sportsbooks accept wagers in other cryptocurrencies as well. The most popular alternatives to ETH in gambling are:
- Bitcoin. The most common coin with enhanced privacy. It is the easiest digital currency to buy, and it also has the most loyal attitude from legislators all over the world.
- Litecoin. The token is quite similar to Bitcoin but offers faster transactions and lower fees.
- Tether. The main advantage of this coin is that it is tied to fiat currency (US dollar), which makes it immune to crypto volatility.
- Dogecoin. This is one of the most popular peer-to-peer cryptocurrencies. It is relatively cheap and offers low fees.
Final Thoughts
Ethereum sports betting is definitely the future of gambling. ETH helps to ensure maximum ease and speed of deposits and withdrawals. In addition, the cryptocurrency provides an increased level of security and protects your privacy. By giving preference to Ethereum online betting platforms, you choose comfort, quality, and safety.