Over the years, playing video games has evolved so much that is now recognized as a sports category. Gamers all over the world have earned millions playing games such as Call of Duty, League of Legends and many more. Betting on these e-sports games has also escalated, especially betting with Bitcoin. Naturally, Bitcoin and e-sports go hand in hand and many sites now offer this kind of service. This guide serves as information on where to start, what kind of games you can bet on and what kind of outcome you can expect.
#1 – Cloud Bet
Cloud Bet was the first Bitcoin betting site to seriously focus on esports. Some of the games you can wager on include Counter-Strike & Dota 2. Since this is a bitcoin focused bookie you can also gamble on BTC type arcade type games such as Aviator, Plinko, Mines, Goal Mines, Keno, Dice, or Mini Roulette.
2 – GG.Bet
While this is not a bitcoin specific gaming site, they do offer the widest variety of esports, as this is what they focus on. Gambling will never be the same when you can bet on Call of Duty, Counter-Strike, Dota 2, League of Legends, King of Glory, Overwatch and Starcraft II. This is really the best site in the space and is quickly growing in popularity.
Make sure to check out the bonuses that are available to new players.
As we mentioned before, e-sports and Bitcoin go hand in hand, so if you know about e-sports you probably know about Bitcoin too. What you might have never thought about is using Bitcoin to bet on these games. Here are some reasons why you should try this new type of modern gambling:
Speed – Gamers usually want everything to be fast, applying to connections, computers and servers. Bitcoin offers fast payouts and transactions. Sportsbooks usually accept transactions in a maximum of 20 minutes. Once you are done betting, you have to wait a couple of minutes for your winnings to arrive in your Bitcoin wallet.
Safety – As technology improved over the years, the number of hackers has also risen. When you bet with Bitcoin, you do not need to worry about this at all. The payments are done through blockchains that are unhackable – all of your personal information as well as your Bitcoin are completely safe.
No extra costs – Generally, gamers are looking for low- budget alternatives so they can save all the money they possibly can. Bitcoin betting does not have any extra fees – transactions usually cost next to nothing.
Versatility of Use – Bitcoin is universal – you do not have to worry about where you are located or what your country’s currency is. You are your own banker, meaning you are converting and sending money from your own wallet.
What types of bets are there?
There are various types of bets you can make with Bitcoin. Here are some of the most common ones:
Tournament Winner – This is probably the most straightforward type of bet – you are betting on a team that is most likely to win a tournament. Some of these bets can be made in advance for more popular tournaments such as the International 10.
Match Winner – Similarly to tournament bets, here you bet on which team is most likely to win a certain match in a tournament. Most of these bets are made during the running of the event.
Accumulator Bets – In this type of bet, you are betting on several games at once. Identically to Parlays in regular sports betting, you have to win every game you bet on, otherwise you lose.
Prop Bets – These are specialized bets, based on the event that is taking place. For example, you can bet on which team will make the first kill, the number of wins that a team takes or if a certain team has more points than its opponent.
How to start betting?
Compared to other types of Bitcoin bets, betting on e-sports takes a little bit of setting up. First of all, you need to convert your cash into Bitcoin and store it in your Bitcoin wallet. Afterward, you need to register to a Bitcoin sportsbook or a Bitcoin casino. Make sure you check what kind of promotions and bonuses the sites offer, too. Once you do this, deposit your desired amount, send it to the relevant Bitcoin address and start playing!
There are two kinds of Bitcoin sportsbooks available. One is a basic Bitcoin casino, which enables you to make bets in BTC. The other choice is “Bitcoin-friendly” sportsbooks that use your Bitcoin and transform it into regular currency. Once you are done playing, the sum is reconverted to Bitcoin and is placed in your Bitcoin wallet.
What to look out for?
Here are a couple of things to put into consideration when choosing the best betting site:
Bigger Gaming Platforms – When you are choosing a site, make sure they offer a wide array of games as well as betting choices; if the games are limited, so are your options to bet. The bigger the platform, the better.
Software – Make sure that you choose sites that use modern applications such as SoftSwiss, Betsoft or Microgaming. If the app looks like it is dated, stray away from it!
License – It is of most importance that the games that you play are licensed. Authorized sites display their license in a much-highlighted way, so you are assured that you are not part of a fraud.
Help – Customer support is also a very important thing to look for. Make sure to use sites that offer constant support through chat or phone – in case they only use email, you are not going to get the best aid.