How to Choose The Best Crypto Sports Betting Casino - ReelNews by GamblersArea

If you want to venture into the world of crypto sports betting, it’s best to remind yourself that it’s just like normal sports betting, except instead of the fiat currencies players are placing bets in cryptocurrencies like Bitcoin and Ethereum. As a result, a good crypto sports betting casino and traditional betting casino should have many overlapping qualities.
But what if you’re not too familiar with any kind of sports betting? Don’t worry, this article will go over all the criteria you should be looking for in order to find the best crypto sports betting site.
Availability
If you didn’t know, at the moment, online betting is still illegal in many countries around the world, including 16 US states. Plus, add crypto to the equation and the restrictions become even stricter since some countries don’t allow any kind of services paid with crypto at all. So the first thing to do is to check if the betting casinos’ service is available in your country/state.
There are sites that will do this for you by not letting you bet to begin with, but in some cases you can bet yet will have problems withdrawing your winnings. Therefore, it’s necessary to look into the site’s FAQ section for availability. If you can’t find it, it doesn’t hurt to email them just to be sure.
Licensing
It’s a rule to only bet in verified, licensed sportsbooks. If an unlicensed normal betting casino can scam you or have low-quality security, these concerns are even bigger in an unlicensed crypto betting casino. Some of the most reputable licensing jurisdictions are the Malta Gambling Authority (MGA), UK Gambling Commission (UKGC), and Gibraltar Regulatory Authority (GRA).
Be aware that anyone can list a license logo on their site, it doesn’t mean they actually have it. But you can verify this by checking the license number on the official gambling commission site to see if it is valid.
Deposit and Withdrawal
When it comes to betting and gambling sites, you have to make sure the deposit and withdrawal process is safe, fast, and convenient. Luckily, for most crypto betting casinos, depositing and withdrawing is much more simple and faster than dealing with fiat currencies. Still, you should check whether the sites offer a wide range of cryptocurrencies.
One way to get a glimpse into the quality of the deposit and withdrawal system of a site is to search for reviews and complaints. Gambling forums are full of complaints when people don't receive their money or the transaction is slow, so if a crypto sportsbook has many of such complaints, you should stay away from it.
Competitive Odds
For a bettor, good odds are a must. Not only do the odds determine how much money you can win, they sometimes influence which side you bet on in the first place. Don’t be afraid to shop around for a site that has the most favorable odds to you. It can be a bit tricky since a sportsbook may offer good odds for one event but not for another. This is why some people have accounts in multiple crypto betting sites.
Sports Coverage
What’s the point of joining a betting site if it doesn’t cover your favorite events? To be fair, most crypto betting sites should have odds for all the popular sport events: football, basketball, soccer, MMA, tennis… But some sites won’t have sophisticated coverage for lesser-known sports like table tennis, pool, or archery.
Furthermore, if you’re a hardcore fan of a sport, you would probably want to bet on smaller leagues and events as well, so make sure the site has odds for that. For instance, most betting casinos have odds for UFC events, but they may not cover events from Strikeforce, WEC, and Rizin.
Bonus Offers
Sites with frequent and good bonus offers let you make the most of your money. When looking through their offers, remember to check the wagering requirements as well. Ideally, you want to look for offers with the highest value while having the easiest requirements.
Planning on sticking to one betting casino for a long time? Then, you should definitely consider their promotion and VIP program. Some betting casinos prioritize retaining loyal customers more than others so they offer more benefits long-term. Over a year, even the small bonuses will eventually add up to quite a significant number.
User Interface and Customer Service
User interface sounds irrelevant at first. Who cares about how a betting site looks, right? But once you’ve played on a site for a long time, you’ll see how big of a difference it makes. A systematic, clear, well-organized site makes navigating super fast and convenient, especially for betting where there’s a lot of info and numbers.
Similarly, good customer service shows that the sportsbook is reliable and cares about their users' experience. Try messaging their live chat and email them to test the response time, as well as how helpful the employees are. This way, say there’s an error in bonus or winning payment, you can be assured that it will be resolved quickly.
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FAQ
How do I choose the best crypto sports betting casino?
There is no definite answer, but in general, you should consider these factors: wide availability, legitimate licensing, good odds, lower fees, transaction times, good bonus offers, wide sports coverage, and an intuitive user interface.
What is the best crypto to gamble with?
The answer to this question largely depends on your preference. Some people like to gamble with Bitcoin as it’s the most widely-accepted, some like altcoins that have lower fees and that they’ve already invested in, some prefer stablecoins for stability. Overall though, you should stick with the most popular cryptocurrencies since many lesser-known coins are not accepted in casinos.
Can I bet on sports with crypto?
Yes, many sportsbooks now accept cryptocurrency deposits. But you should still check if your casino offer this service first before buying crypto.
What is the best way to store my crypto gambling winnings?
If it’s a small amount, you can store it in an online wallet like Binance or MetaMask. But if it’s a considerable amount of money, it’s better to store the funds in an offline wallet (cold wallet) for more security.
Are crypto casinos better?
For some people, they are: crypto casinos offer anonymity, convenience and faster transactions. However, others may prefer traditional online sports betting casinos because they are more regulated and don't require the use of web3 wallets.