Best Crypto & Bitcoin Bookmakers

Crypto Bookmakers Reviews You Can Trust

We’re now going to check out the crypto bookies reviews included in the table.

Understanding Playing odds

Even though it’s important to become an expert in sports markets, this is not your only concern.

You can forget about long-term profitability if you don’t understand playing odds.

Regardless of your level of research into an event, not knowing the right odds will result in failure.

Although the edge enjoyed by Bitcoin bookmakers varies according to the market you play on, you can expect it to range from at least 3% to over 30%.

Your ultimate goal is to discover ‘mistakes’ in the odds occasionally made by bookmakers.

What is value Playing?

The process of value playing involves finding your own edge on any given market.

For instance, let’s say you think Manchester United has a 30% chance of beating Arsenal.

Ask yourself this question: If the BTC bookmaker offers a price of 2.50 (in decimal odds) for a United win, is it value or not?

Certainly not! At these odds, the bookmaker thinks there’s a 40% chance of a Manchester United victory (100/2.50 = 40).

When researching any event, your goal is to discover enough information to ascertain how likely an outcome is.

At the end of this process, you’re rewarded with a ‘betting tissue,’ which helps you better understand a bookmaker’s odds.

In simple terms, a betting tissue enables you to develop your own odds for any event.

Of course, you can’t even begin this process until you learn more about the different sports playing odds formats.

Many people don’t know how to calculate playing odds, so we’ve created a quick guide to the three most common types.

American odds

In the United States, bookies with cryptocurrency that offer American odds have a minus or plus sign before a number.

Use the sign to determine if the potential profit in Bitcoin is bigger or smaller than the size of your play.

If the sign is minus (-), it means odds of below evens, so your profit will be less than your play if you win.

If the sign is plus (+), it means a longer odds play where the profit is greater than the amount you play.

Here are some examples of American odds and how much you could win depending on the size of your play:

• +110: playing $100 and winning at these odds means a total return of $210

• +150: By playing at these odds, a win will yield a profit of $150

• +300: Back any outcome at these odds with a $100 play, and your total returns will be $400 if successful

• -110: If you play at this price, your overall profit with a win is $90.91

• -150: play $100 at these odds and win, and you benefit from a return of $166.67

• -300: If you play $100 and your selection is successful, you benefit from a return of $133.33

Decimal odds

If you live in Europe, you’re likely familiar with decimal odds which are the most basic form.

Multiply these odds by your play size in crypto to determine your potential total returns.

Suppose you want to play on England to defeat Sweden and receive odds of 1.6; multiply your $200 stake by the 1.6 odds for a return of 320.

Should England succeed, the $320 return equates to a profit of $120 since 320 – 200 = 120.

To discover the probability of any pick winning in percent, divide the odds into 100.

In our example, 100/1.6 = 62.5; so, the Bitcoin bookmaker website thinks there’s a 62.5% possibility of an England victory.

Fractional odds

If you live in Ireland or the UK, you might understand fractional odds better than most.

This odds format features a slash between two numbers.

For example, playing on any sports market at 6/1 odds means that your return is $7 for every $1 risked.

As a result, playing $10 worth of Bitcoin at these odds means a profit of $60 if you win.

The number on the left represents the total profit if you play the equivalent of the number on the right.

For instance, if the New Orleans Saints are 14/5 to beat the Los Angeles Rams, you will make a profit of $14 for every $5 you play if successful.

Calculating your total return is as easy as adding how much crypto you staked to your profit.

Most Bitcoin bookmakers will allow you to change the odds format, so experiment to see which one you like the most.