Home / Top bitcoin Crypto games online / Ethereum Sports Betting

Ethereum Sports Betting

Ethereum (ETH) is a cryptocurrency that uses public blockchain technology and works on smart contracts. Just like its peers, Bitcoin, Litecoin, Dogecoin, and Dash, Ethereum guarantees transparency, safety, instant transactions, and ensures an anonymous gambling process. Although, it is not accepted as widely as the rest of crypto coins, there are still many trustworthy places to gamble using this digital money.

The dominant part of blockchain platforms accepting Ethereum deals with sports betting. So, if you’re looking for places where you can play and place bets in ETH, just check out leading online casinos with a sportsbook.

What Sites Accept It

Ethereum sports betting is very popular and more crypto casinos implement it as an option on their gambling venues. Along with other altcoins, ETH is on the top list in the majority of crypto casinos. Soon enough, it will be a norm for gamblers because it offers fast and easy payouts.

Unlike Bitcoin, Ethereum is not commonly used, but it gradually gains recognition in the gambling industry, namely in online sports betting. A couple of years ago, Ethereum sportsbook was more of a dream than reality. As of today, we see it being accepted by outstanding casino brands. There are good chances that Ethereum sports betting will even bypass Bitcoin at some point. How is it possible? Quite frankly, Bitcoin fees continue to increase and at the same time, the speed of transactions is decreasing. In this respect, Ethereum appears to be a more beneficial option for bettors.

Top Ethereum Sports Betting

Today, there are two main sports betting platforms that specialize in Ethereum stakes.

SportsBetting.ag – it is probably the first choice of avid online bettors who enjoy the thrill of online betting in real time. This place provides a 50% welcome bonus of up to $1000 to every new user. What’s more, the site ensures very fast payouts. As a professional online sports betting platform, it offers good odds in all sporting events and NFL betting. Players can create an account and place their bets using Ethereum. With such an excellent sportsbook and great bonuses, you will surely enjoy your experience. Once you increase your Ethereum balance with winning funds, you’ll get a chance to withdraw the sum in minutes.

  • Accepts cryptocurrency (Ethereum, Bitcoin, Litecoin and Dash)
  • Well-timed payouts
  • Good odds on sporting events
  • Large sportsbook
  • Special bonuses offered on football betting

BetOnline.ag – this all-in-one casino platform provides an extensive sportsbook along with other decent casino games. The site offers tons of entertainment and betting options and accepts multiple cryptocurrencies, including Ethereum. As a new player, you receive a huge 50% welcome bonus of up to $1,000 after making the first deposit. This is one of the reasons why this gambling venue is among leaders in sports betting. What’s more, they take up to $25,000 on NFL sports bets and post odds earlier than other sites. All your winnings can be automatically withdrawn to your casino account, which usually doesn’t take much time in case of Ethereum.

  • Accepts cryptocurrency (Ethereum, Bitcoin, Litecoin and Dash)
  • Guaranteed fast payouts
  • Early odds on NFL Super Bowl
  • Massive deposit bonus of up to $2,500 and endless reloads
  • Reaches up to $25,000 on point spreads

How To Make Bets Using Ethereum

When making a deposit to bet with Ethereum, you basically do the same as with Bitcoin or Litecoin. If you passed this procedure at casino websites before, it will be a piece of cake to start gambling with Ethereum. There are electronic wallets that accept several coins like Bitcoin, Litecoin, and Ethereum. In this case, you may use one e-wallet but specify an Ethereum address for withdrawals.

New gamblers, who are not so familiar with the process, can follow these steps:

  • Step 1. Choose a site for Ethereum sports betting. Check out its reputation to ensure it is legit or opt for one of the suggested places above. Once you find what suits you, create an account using your email address and then set a password.
  • Step 2. Select an amount in USD for the first deposit and get an Ethereum address from the gambling platform. The site will convert this amount into Ethereum and tell you how much to send for a deposit.
  • Step 3. Send the indicated amount in ETH to sportsbook using a wallet or a cryptocurrency exchange.
  • Step 4. Transfers usually take from a couple of minutes to a couple of hours. It depends on the Ethereum blockchain and its overload at the moment of a transaction.
  • Step 5. Funds are automatically credited once the amount reaches the sports betting platform. They do not appear as Ethereum. The amount is converted to USD in your account.

Ethereum Sports Betting Advantages

Ethereum gambling is faster than when using other payment methods like wire transfer or checks. Bank transfer or checks take days and can involve additional fees. In most cases, Ethereum transactions are made in less than 48 hours.

Unlike many other methods, Ethereum is cost-effective. Wire transfers or checks require about $50 for the processing, which also take more time. In some cases, a cash transfer may involve additional 20 percent fee. As to the maximum amounts, these methods have a very low limit. When using Ethereum, the blockchain can process up to $10,000 in one transaction at offshore sportsbooks.

Finally, Ethereum provides anonymity. It is more secure than credit cards, bank accounts, or debit cards. While using ETH, you don’t have to provide a lot of personal information. It does not necessarily secure you from hacks but still, it is a lot safer.

Obviously, it won’t be a big deal to figure out how to gamble with Ethereum. More and more sportsbooks appear on the Internet allowing users to bet with cryptocurrencies. Although the top-rated sport betting sites can still be counted on one hand, their popularity tends to grow rapidly. The majority of these places work not solely on Ethereum as their main currency. However, there are many gambling spots that do business with it.

Check Also

Bitcoin Betting

There’s been a lot of talk about bitcoin in the gambling world. This digital currency …

Leave a Reply

Your email address will not be published. Required fields are marked *