This is the page you’ve been waiting for if your goal is to learn all about the best Ethereum betting sites in 2024.
Jackbit is an online betting website which offers lots of Sic Bo, Jackpot, Financial, Limbo, HiLo, Plinko, Mines, Crash, Dice, Scratchcards, Slots, Craps, Lotteries, Roulette, Keno, Bingo, Baccarat, Blackjack, Live Dealer, Video Poker options to enjoy.
With 7000 casino games, 45 sports, and 6 support languages, you’re certain to have fun on this site.
Read full reviewBetonline is an online betting website which offers lots of Money Wheel, Casino War, Jackpot, Financial, HiLo, Crash, Dice, Craps, Scratchcards, Slots, Lotteries, Roulette, Keno, Baccarat, Blackjack, Live Dealer, Video Poker options to enjoy.
This site will provide you with hours of fun no matter where you are: it offers 59 sports, 1093 casino games, and 4 different support languages, so get started today!
Read full reviewBC.Game is an online betting website which offers lots of Money Wheel, Sic Bo, Jackpot, Limbo, HiLo, Plinko, Mines, Crash, Dice, Scratchcards, Slots, Lotteries, Roulette, Keno, Bingo, Baccarat, Blackjack, Live Dealer, Video Poker options to enjoy.
This site will provide you with hours of fun no matter where you are: it offers 99 sports, 10000 casino games, and 15 different support languages, so get started today!
Read full reviewMystake is a highly-rated betting website with plenty of Money Wheel, Sic Bo, Jackpot, Limbo, HiLo, Plinko, Mines, Crash, Dice, Scratchcards, Slots, Craps, Lotteries, Roulette, Keno, Bingo, Baccarat, Blackjack, Live Dealer, Video Poker options.
With 7095 casino games, 75 sports, and 4 support languages, you’re certain to have fun on this site.
Read full reviewBetPlay is an online betting website which offers lots of Dice, Mines, Plinko, Jackpot, Sic Bo, Money Wheel, Slots, Video Poker, Live Dealer, Blackjack, Baccarat, Bingo, Keno, Roulette, Craps, Scratchcards options to enjoy.
Entertainment and excitement are almost guaranteed with this site, and with 2 different support languages, 38 sports, and 6575 casino games, it is sure to have everything you want.
Read full reviewVave is an online betting website which offers lots of Money Wheel, Sic Bo, Jackpot, Limbo, HiLo, Plinko, Mines, Crash, Dice, Scratchcards, Slots, Craps, Lotteries, Roulette, Keno, Bingo, Baccarat, Blackjack, Live Dealer, Video Poker options to enjoy.
Entertainment and excitement are almost guaranteed with this site, and with 9 different support languages, 62 sports, and 10988 casino games, it is sure to have everything you want.
Read full reviewGoldenbet is an online betting website with an enormous range of Sic Bo, Jackpot, HiLo, Mines, Crash, Dice, Lotteries, Scratchcards, Craps, Slots, Roulette, Keno, Bingo, Baccarat, Blackjack, Live Dealer, Video Poker games at your fingertips.
With 3000 casino games, 42 sports, and 4 support languages, you’re certain to have fun on this site.
Read full reviewSportbet.one is an online betting website which offers lots of Dice, Crash, Mines, Plinko, HiLo, Jackpot, Sic Bo, Slots, Video Poker, Live Dealer, Blackjack, Baccarat, Keno, Roulette, Lotteries options to enjoy.
This site offers 330 casino games, 22 sports, and 5 different support languages, meaning you can get everything you need.
Read full reviewWe’re now going to check out the Ethereum sports betting sites reviews included in the table.
You have the option to deposit AND play with these digital assets
You have the option to deposit AND play with these digital assets
You can not only deposit with digital currencies but also play with the following
You can not only deposit with digital currencies but also play with the following
You have the option to deposit AND play with these digital assets
You have the option to deposit AND play with these digital assets
You have the option to deposit AND play with these digital assets
You have the option to deposit AND play with these digital assets
You can not only deposit with digital currencies but also play with the following
You can not only deposit with digital currencies but also play with the following
You can not only deposit with digital currencies but also play with the following
You can not only deposit with digital currencies but also play with the following
You have the option to deposit AND play with these digital assets
You have the option to deposit AND play with these digital assets
I’ll go right ahead and confirm that the sites outlined above are the best Ethereum sportsbooks that the CryptoBetting team has found. However, even though we try our best to cover every angle, it’s a fact that everybody is different.
What’s essential to one player is irrelevant to the next. This means that you must decide which criteria matter the most before registering with an Ethereum betting site.
Here are seven factors to consider to help you get started. Feel free to add your own as you see fit.
Before taking any further action, verifying the legitimacy of an online betting site is crucial. If it fails this test, it should not even be considered.
This becomes particularly important when you deal with a cryptocurrency such as Ethereum. If you put money into a scam Ethereum betting site, you can kiss your money goodbye.
When we select the brands for our list of the best sports betting sites, we look out for the following warning signs:
No licensing; most reputable sites are licensed by the Curacao Gaming Authority at the very least
A huge number of complaints with no attempt made by the Ethereum betting site to solve them
Recent establishment of the brand with limited information available about the business
Poor-quality websites that appear to be created from generic, inexpensive templates
Ambiguous privacy policy and terms and conditions
Even just one of these points from the list above should be enough to discourage you from choosing a particular brand. The best Ethereum betting sites excel in all areas we assess and simply don’t have any of these issues.
When you investigate a site’s promotions and bonuses, looking at three separate aspects is a good idea.
The first category is the initial signing-up package, including bonuses after registration. Most Ethereum betting websites will pass on welcome bonuses to attract new users that seem great at first. However, if you take a closer look, it becomes clear that these sites are not generous.
These bonuses often come with strict conditions and wagering requirements. To make the most of your money, I recommend looking for Ethereum gambling sites that focus on promos and VIP programs.
Sports betting sites that accept fiat tend to offer low-quality promotions with restrictions. On the other hand, the best ETH sports betting websites provide outstanding services and a wide range of exciting promotions. These promos not only add enjoyment to your betting experience but can also help boost your account balance.
The third category is the loyalty program or VIP club. High-quality Ethereum betting sites understand the importance of offering worthwhile VIP programs. This is an effective way of encouraging users to return for more betting.
However, this aspect isn’t important for all sites. VIP benefits and great promotions can add significant value and rewards to your betting experience.
Therefore, choosing legitimate Ethereum betting sites with high-quality VIP programs is advisable.
When you evaluate the payment terms of ETH sportsbook sites, it is wise to consider the following factors:
Payment methods: Different betting websites offer different deposit and withdrawal methods. Choose a site that provides multiple options for depositing and withdrawing funds. By doing so, you benefit from greater payment flexibility.
Withdrawal speed: In the fast-paced ETH space, you need quick access to your funds. Some sports betting sites that accept Ethereum process withdrawals within hours. Others offer almost immediate withdrawals, and this is usually the right choice.. By choosing sites like these, you can transfer funds to other Ethereum betting sites or carry out rapid trades as needed.
Withdrawal limits: Fiat-accepting betting websites often limit the amount of money you can withdraw at once. Many have monthly withdrawal caps, which may barely reach five figures. In contrast, the best Ethereum betting websites typically don’t impose huge withdrawal restrictions. Yet, it’s worth noting that some sports betting sites that accept Ethereum could still have severe withdrawal policies. If you’re a high roller, look for Ethereum sports betting websites that offer unlimited withdrawals.
Let’s get straight to the point. When you search for an Ethereum betting site, you aim to find one that maximizes your chances of winning big. Well, the key to achieving that is placing bets on sports matches and events with the best value odds.
Therefore, it’s important not to rush into the first sports betting site that catches your attention. Instead, please take a moment to explore their sportsbook and assess the types of pricing and markets they offer.
Putting in this effort will pay off in the long run, as you’ll have access to a wider range of betting markets and enjoy bigger wins.
Another aspect to consider is whether the sports betting website offers casino games. Nowadays, many sports betting sites act as Ethereum casinos, allowing you to play thousands of titles.
Are you interested in popular casino offerings like thrilling slots and immersive live gaming? If so, why not opt for a site that offers a variety of options in one place?
You’ll find comprehensive game selections when you use sports betting platforms offering casino games. These sites collaborate with software developers who dedicate time and effort to improving and enhancing their games. These titles include impressive graphics, sophisticated mechanics, and jaw-dropping jackpot prizes.
You’ll discover extensive collections at these leading betting sites. These may include the most popular slots, live dealer games, game shows, poker, and bingo.
When it comes to customer service, a brand often shows its true colors when something goes wrong. Unfortunately, if an Ethereum betting site lacks efficient customer support, you’re sure to have a frustrating experience.
To address this, our reviewers make it a point to contact the customer service team of each site they evaluate. This allows them to assess the level of training and competence that the support team shows. Any company that fails this test receives a significant downgrade in our reviews.
In today’s era, the best ETH betting sites offer multiple channels to reach their customer support staff. Live chat is also often available for urgent inquiries. Other options, such as email and FAQ pages, give you additional means of communication and information.
The SuperSlots customer service team exemplifies these standards. The site offers a prompt resolution of issues through its live chat support. It also maintains its promise of 24/7 availability. This is the case even when contacted during unconventional hours.
A competent customer service team should make your experience smoother and more enjoyable. If a betting site that accepts Ethereum fails to meet this fundamental requirement, it is not worth your time or money.
Geo-restrictions may prevent access to certain websites and content depending on your location.
A legitimate Ethereum betting site will prevent access if you reside in a country where gambling is not allowed. It takes the same action if there is a ban on crypto banking in your location.
Some players resort to using a Virtual Private Network (VPN) to bypass these restrictions, as it hides their location from the site.
However, I strongly advise against using a VPN if gambling is illegal in your country, as it would entail breaking the law.
Occasionally, you may find an organization that allows you to play, even if gambling is illegal in your jurisdiction.
This may seem as if it’s your lucky day and you can get right down to enjoying your favorite games. Yet nothing prevents the betting site with Ethereum from closing your account and seizing your funds anytime.
Therefore, it is best not to register with crypto betting companies that make it easy to break the law.
Standard websites and end-to-end platforms vary significantly regarding sports betting sites that accept Ethereum.
So-called ‘hybrid’ sites that accept fiat and Ethereum will exchange the crypto for fiat when you deposit. Once you withdraw, the conventional money is transferred back into ETH. You incur significant transaction fees and lose the benefits of playing with a digital currency.
Using end-to-end Ethereum sports betting sites makes more sense if you really believe in the currency and don’t want to convert it to fiat.
Compared to traditional platforms, end-to-end sites have certain clear benefits. They enable the use of various digital assets for deposits and withdrawals.
As a result, you benefit from rapid withdrawals and low fees.
If you’re not yet aware of the advantages of ETH betting sites, allow me to educate you! Customers who switch from fiat to crypto quickly realize the many benefits of doing so. Let’s outline why using Ethereum will significantly improve your gambling experience.
One key advantage of choosing an Ethereum betting site over a fiat one is how sensitive traditional currencies are to inflation. Any fiat currency, such as the US dollar or Euro, can lose value over time due to inflation.
As a result, you experience a reduction in the purchasing power of your winnings. Suddenly, those seemingly big payouts seem rather small.
On the other hand, Ethereum is a decentralized cryptocurrency with a limited supply, making it more resistant to inflationary pressures. With this coin, you can hope to keep inflation at bay in the long run.
Anyone who uses an Ethereum betting site immediately benefits from more anonymity compared to traditional fiat betting sites.
Fiat transactions often require personal identification and leave a digital trail. As such, financial institutions have ample opportunities to see your actions.
In contrast, Ethereum transactions can be pseudonymous. This lets you keep your privacy while you practice online betting opportunities.
Gambling websites that accept ETH often boast modern and user-friendly website designs. These platforms focus on providing an intuitive and enjoyable user experience.
As a result, they offer responsive interfaces, attractive visuals, and seamless navigation. The emphasis on aesthetics and user-centered design enhances the overall betting experience for users.
Ethereum betting sites generally operate on a decentralized network. This enables them to bypass many geo-restrictions that traditional fiat betting sites face.
As a result, players worldwide have the freedom to access and participate in Ethereum betting sites. They don’t necessarily have to face the limitations imposed by country-specific restrictions.
However, it is important to remember that gambling, as is cryptocurrency, is illegal in some countries. Some players try to get around this issue by using VPNs. If you do this and get caught, you could face legal disputes. Therefore, I advise you only to use a VPN if gambling and digital currency are legal where you live.
You tell the bank about your pastime when using fiat money options like credit cards. As a result, it will refuse any loan you request, as it views all gamblers in the same way.
In contrast, with ETH, you can bypass traditional banking systems and associated intermediaries. This eliminates the need to involve banks, which can be time-consuming, costly, and subject to additional fees.
Utilizing cryptocurrencies like Ethereum gives you more control over your funds and transactions. You can enjoy the site’s games and features by not relying so much on financial institutions.
Ethereum betting sites often offer higher withdrawal limits compared to fiat platforms. This lets users withdraw larger winnings in a single transaction, making it more convenient for you.
Suppose you earn a big jackpot payout from a slot game. With certain fiat currency sites, you could be waiting weeks to withdraw it all. In contrast, a premium-grade crypto site lets you take it all out simultaneously.
Additionally, Ethereum betting sites typically offer a wide range of payment method options. This includes cryptocurrencies such as Bitcoin, Litecoin, Dogecoin, Ripple, and Tether. As a result, you can choose the method that best suits your preferences and needs.
You probably feel a little wary if this is your first time using an Ethereum betting site. However, once you complete the process, you’ll be stunned at how easy it actually is.
Below, I outline the 5-step process that takes you from finding the best site for your needs to (hopefully) withdrawing your winnings.
There are hundreds of options, if not more. It is easy to get confused and register with an unsafe site. As a result, I advise you to stick to an Ethereum bookmaker outlined on this page.
The CryptoBetting team has worked hard to find the best providers, so you don’t have to. Please take advantage of our efforts by narrowing your search. Consider the factors that matter the most to you and proceed to the registration page.
The top Ethereum betting sites make registering easy. Players often find they can complete the initial process in under a minute.
Take Sportbet.one as an example. The site allows you to register and play with traditional currency or crypto. Please note that the deposit bonus only applies to fiat users.
You’ll notice that the company only requests your email and password when you use fiat. It also allows you to join via Facebook, Twitter, or your Google account.
You can join via Anchor or Wombat by selecting the decentralized betting option. Through this process, you get full control and can play anonymously.
At this point, it is all about depositing money into your freshly created Ethereum betting site account. Hopefully, you will already have taken note of the welcome bonus and wagering requirements.
With Sportbet.one, you get no signing-up bonus when using crypto. If you use fiat, you can also choose to accept no bonus. Alternatively, you may avail of a 125% bonus worth up to $1,000.
The depositing process is similar regardless of the ETH betting site you use. On Sportbet.one, it is as follows:
Click on the ‘wallet’ symbol on the top right-hand side of the page
Take note of the EOS address; this is where you send the money from your crypto wallet
Decide on how much to transfer and make the deposit
If you don’t already have Ethereum, set up an account with a crypto exchange such as Binance to buy some.
Finally, you’re in a position to discover everything the Ethereum betting site has to offer. Take a look around the platform to get to know where everything is. The best providers place everything into easy-to-locate categories.
Take Sportbet.one as an example. You can filter for live sporting events if you wish. You’ll also notice that the sports are placed into groups. With each event, you can see how many markets are available.
Explore the site and take as much time as you like to find your favorite games.
If your betting strategy is successful, it’s time to enjoy the fruits of your labor. This means withdrawing at least some of the money in your account.
Assuming you have met whatever wagering requirement is part of the welcome bonus, return to the site’s cashier section. Choose the currency you want to withdraw in and the amount.
Please ensure you double-check the address of where you’re sending the funds. For example, you may wish to return it to your crypto wallet. If you enter the wrong address, your money will probably be gone forever!
It can take anywhere from minutes to hours for the money to reach its destination.
There are dozens of options on the best Ethereum sports betting sites. From popular genres such as football and soccer, to more obscure events like darts and Ethereum rugby betting opportunities, the choices are endless.
Below I outline the most popular sports to gamble on when using ETH betting sites.
Association football, also known as soccer in some regions, is the most popular sport in the world. It is also the sport that’s the subject of most wagers.
There are many chances to place bets in various tournaments and leagues. When ‘major’ leagues take a break, others take their place. The most important events featured on crypto football betting sites include:
English Premier League
World Cup
Copa America
UEFA Champions League
Spanish La Liga
The national sport of the USA is American football. The National Football League (NFL) is the most popular, but college football games also attract a lot of wagers.
The annual Super Bowl, which draws viewers from around the globe, is the best-known event on the NFL schedule. Other games of note include the college Rose Bowl and the NFL’s Pro Bowl.
Ethereum basketball betting is big business, especially in North America. The National Basketball Association (NBA) is the world’s most prominent league.
But there are plenty of markets available at the leading ETH basketball betting sites all over the world. These include bets on Italy’s Lega 1, Lithuania’s LKL, and the WNBA. Browse the best crypto basketball betting sites to see what’s on offer.
Major events like Wimbledon and the French Open get a lot of interest from gamblers. As a result, tennis is yet another much-loved sport amongst serious bettors.
Tennis prop bets have grown in popularity recently. Bettors are now wagering whether certain players will win a Grand Slam title in a calendar year.
Punters particularly like betting on in-play tennis matches. For instance, if you wager on the winner of the next point, you’ll only need to wait a few seconds to see if you won.
Known as “America’s Game,” Ethereum baseball betting is most popular among bettors who love data analysis. These ETH baseball bet sites tends to attract people who spend hours poring over statistics.
You’ll gravitate towards Major League Baseball (MLB) if you fit into this category. However, many other noteworthy leagues exist, including Japan’s NPB, South Korea’s KBO and college baseball in the United States.
Punters have wagered on horse racing for centuries, and it is still one of the most profitable sports for sportsbooks. Major races draw a lot of betting activity, like the Belmont Stakes in the United States and Cheltenham Gold Cup in the UK.
Although bookmakers fare well in horse racing, a small group of gamblers can beat them. These individuals excel in form reading and understanding a horse’s suitability for a race’s conditions. If you have this knowledge, the Sport of Kings should be where you focus your efforts.
People have always loved betting on combat sports! Therefore, activities like Ethereum boxing betting and wagering on MMA (mixed martial arts) are incredibly popular among bettors.
Famous boxers like Saul Alvarez and Anthony Joshua often sell out the largest stadiums on the planet. However, there is a growing trend towards betting on fights between YouTube influencers.
eSports is a fast-expanding sector that has recently generated much interest from bettors.
Global eSports competitions involving games such as Dota 2 and the League of Legends attract huge viewing figures and plenty of activity on Ethereum betting sites. It seems certain that the volume of money placed on such events will grow. In this scenario, crypto eSports betting sites will be big winners.
Virtual sports is a more recent subcategory of sports betting that has grown in popularity in the last few years.
These virtual competitions are recreations of sporting events like darts, horse racing, and football.
These simulations are not based on actual outcomes but are created to appear and feel like actual sporting events. As a result, virtual sports provide a distinctive and fun method to bet. Moreover, several online bookmakers now offer these choices.
Ethereum is a decentralized blockchain that enables the creation and execution of smart contracts. It was founded by Vitalik Buterin, a Russian-Canadian programmer, in 2015.
In simple terms, Ethereum is like a global computer network that allows developers to build and deploy applications on top of it. It provides a platform for creating and running decentralized applications (dApps) without relying on a central authority.
One of the key features of Ethereum is its capacity for executing smart contracts. These are self-executing agreements with pre-set rules and conditions. They automatically deliver once those conditions are met without needing third parties.
Ethereum’s native cryptocurrency is called Ether (ETH). It is used as a means of exchange within the Ethereum network. It also serves as an incentive for participants to validate transactions and secure the network through mining.
The Ethereum platform has become popular because it allows developers to create various applications. These include decentralized finance (DeFi) platforms, decentralized exchanges, digital collectables (NFTs), and more. It has opened up new possibilities for innovation and has the potential to revolutionize various industries by providing transparency, security, and programmability.
While there are plenty of good reasons to consider using ETH on sports betting sites, there are also downsides. Let’s investigate both.
First, let’s investigate why so many people advocate using ETH for gambling.
The blockchain, on which Ethereum is based, offers visible and unchangeable transaction records. As a result of this openness, there is less chance of fraud or manipulation, since anybody can independently confirm all betting activity and transactions on the website.
The blockchain technology used by Ethereum is quite secure. It makes it impossible for bad actors to alter the data since it uses sophisticated cryptographic algorithms. As a result, users may feel more confident in the betting site’s legitimacy.
As Ethereum runs on a decentralized network, no single entity controls the system. In addition to removing the need for mediators, this lowers the possibility of censorship or unfair activities by a single business.
Ethereum supports the use of smart contracts for the execution of wagers. Smart contracts ensure that payments are made properly and without the use of go-betweens by automatically enforcing the agreed-upon terms and conditions. This makes the betting process more effective and reliable.
Now, let’s check out why you might hesitate to use Ethereum betting websites.
Ether (ETH), the native cryptocurrency of Ethereum, is well-known for fluctuating in price. This implies that the bet value and potential gains are subject to substantial swings. Due to market volatility, users may see increases or losses in the value of their money.
It is difficult for Ethereum to process transactions quickly, especially during intense network congestion. The user experience on the betting site may be impacted by slower transaction processing times and increased costs as a result.
Although Ethereum offers developers strong capabilities, the user experience for non-technical users may sometimes be challenging. Certain technical expertise may make it necessary to interact with Ethereum and manage digital wallets, which could prove a barrier for certain consumers.
The legal and regulatory environments for cryptocurrency and betting might differ significantly across nations. When running or using an Ethereum-based betting site, it’s crucial to consider legal ramifications and guarantee compliance with any rules present.
Adopting Ethereum on a gambling website provides programmability, security, and transparency thanks to smart contracts. However, before choosing to use Ethereum for betting purposes, it is important to thoroughly analyze aspects like volatility, scalability, user experience, and legal issues.
Ethereum’s TPS (Transactions Per Second) speed stands at around 27. The higher the TPS of a coin, the more transactions a blockchain can carry out per second. It helps you understand more about the speed and scalability of a network.
At present, ETH’s TPS is fairly low. For reference, Solana’s figure is an incredible 50,000! However, once Ethereum finishes its sharding update, its TPS could rise to 100,000.
However, you shouldn’t assume that a deposit into an Ethereum betting site will happen almost immediately. Its speed depends on the site you use and how busy the network is at that time.
If you use SuperSlots, you’ll benefit from a helpful guide to depositing crypto. Here is how to deposit on the site in a nutshell:
Go to Cashier and choose your preferred coin
Enter how much you want to deposit and use any promo code you have
Scan the QR code with your crypto exchange; alternatively, copy the address
Visit the crypto exchange you use and click ‘send’ or ‘withdraw,’ enter the amount, paste the address and send
Remember, transactions are irreversible, so triple-check everything before sending
If you want faster transactions, select the higher fee in your wallet or exchange
According to the SuperSlots website, you should receive your Ethereum within 15 minutes
One of the most basic mistakes punters make is to focus on their win rate. Your percentage of successful wagers is irrelevant if you don’t get the right odds. You’ll ultimately end up on the wrong side of the equation without regularly achieving value odds.
Below, I provide information on the basics of odds and the most popular formats. I also briefly describe the concept of value betting.
When you talk about placing a bet on a sporting event or any other kind of wagering, the term “betting odds” refers to the numerical representation of the probability that a certain result will occur. They show the possible profit or return that might be made from a winning bet.
Depending on the country and the kind of sportsbook, betting odds are often represented in various forms. These include decimal odds, fractional odds, and American odds.
These odds include crucial details that help bettors judge the relative likelihood of various events and choose wisely when making bets. Let’s quickly review the three common odds formats outlined above.
This format represents betting odds in decimal form, sometimes called European odds. They are widely used around the world, particularly in Australia and Europe. The possible payoff for a winning wager, including the initial bet, is represented by decimal odds.
The odds value is shown as a decimal number larger than 1 in decimal odds. The figure represents a bettor’s total payout for each unit bet. For example, if you stake $20 at odds of 2.70, your return is $54 if you win (20 x 2.7). Subtract your wager from the return to get the profit. In this case, your profit is $34 (54 – 20).
Decimal odds allow bettors to easily determine their prospective wins without intricate computations. This format makes comparing odds from various sportsbooks and betting marketplaces easy.
The style used to describe betting odds often employed in the United Kingdom and Ireland is known as fractional odds. It is sometimes referred to as British odds or conventional odds. The possible return on a winning wager in proportion to the initial stake is represented by fractional odds.
Odds that are provided as fractions include 3/1 and 9/2. The second number in the fraction represents the initial investment, while the first represents the prospective profit.
For instance, if a wager is successful at odds of 3/1, the bettor would win $3 for every $1 staked. As a result, if a player bets $100 at odds of 3/1 and wins, they will collect $400, which comprises their initial $100 wager plus a $300 profit.
There are many ways of representing fractional odds, including “odds on” and “odds against.” “Odds on” refers to a possible profit smaller than the initial risk. For instance, if you bet at odds of 1/3, you risk $3 for every $1 potential profit. So, if you stake $30 and win, you will receive $40 back and a profit of $10.
In the UK, horse racing and other sports often employ fractional odds as a conventional method of providing betting odds. They may be more difficult to calculate than decimal odds, especially for those unfamiliar with the fractional system.
American odds, usually called Moneyline odds or US odds, are a standard method for expressing betting odds in the United States. The two ways that American odds may be expressed are as positive (+) and negative (-) numbers.
American odds that are in the positive represent the probable return on a $100 stake. For instance, if the odds are +300, a bettor might earn $300 for every $100 staked if the gamble is successful. The initial $100 bet plus the $300 profit would make up the $400 total payment.
Negative American odds show how much is needed to bet to win $100. For instance, when the odds are -170, a bettor would have to stake $170 to make a profit of $100. $270 would be the entire payment, which consists of the initial $170 wager plus the $100 profit.
American odds represent the possible profit against a $100 baseline and are based on that figure. While negative odds indicate a favorite or more probable result, positive odds denote an underdog or less likely outcome. The odds also provide information about a wager’s risk and gain.
Value betting is a tactic used by sports bettors to identify and take advantage of situations when the odds provided by a sportsbook are greater than the actual likelihood that a result will occur. In other words, value betting happens when the odds do not accurately reflect the expected probability of an event.
Value is based on the idea that bookmakers and sportsbooks periodically set odds incorrectly. This can happen due to miscalculation or because the bookmaker must balance its books. Bets, where the potential profit surpasses the perceived risk, are made by value gamblers who spot these situations.
A bettor balances their estimation of the likelihood of a result with the implied probability derived from the odds to evaluate value. The gambler may see a wager as value if they think the chances of an outcome are greater than the odds indicate.
For example, suppose you created a statistical model that works on NBA matches. One day, it tells you that the Boston Celtics have a 50% chance of beating the New York Knicks.
This means the ‘true’ odds should be 2.00 in decimal form. However, an Ethereum betting site has priced the Celtics at 2.50. This means the bookmaker believes the Celtics’ chance of winning is just 40%.
Assuming your model is correct, the above represents a terrific value betting opportunity.
Value betting requires a thorough evaluation, investigation, and understanding of the game or event being backed. It entails evaluating the outcomes’ actual possibilities and spotting differences between them and the odds provided by the bookmaker.
Ultimately, value betting is the only way to make money consistently on betting sites with Ethereum.
The popularity of sports wagers varies depending on the sport, cultural preferences, location, and more. However, a select few bets are universally appealing, and I outline these below. For the sake of simplicity, I have chosen to use decimal odds, as these are the easiest to work out.
In a Moneyline bet, you predict which player or team will prevail in a certain game or competition. The possible payoff is based on the odds for each club or individual.
Suppose you want to bet on an NFL game on an Ethereum betting site. You think the New England Patriots are good value to beat the Kansas City Chiefs at odds of 2.20.
As such, you wager $50 on this outcome. If the Patriots win, your return is $110 with a profit of $60. Most betting sites that accept Ethereum include overtime in Moneyline NFL wagers. However, it’s wise to check the site’s terms and conditions.
The spread or handicap, which is the number of points by which the favorite team is predicted to win, is decided by the bookmaker. The punter then bets whether the favorite or underdog will cover the spread.
For instance, here is the spread for Los Angeles Lakers vs. Golden State Warriors NBA basketball game:
Lakers: +6.5
Warriors: -6.5
In both cases, the odds are 1.90.
The Lakers are the underdog in this scenario, shown by the positive (+) symbol. Meanwhile, the Warriors are the favorite, denoted by the negative (-) sign.
You decide to bet $100 on the Lakers to beat the spread. You will if the Lakers lose by six or fewer points since this bet gives them a 6.5-point head start. Suppose they lose 109 – 106, a three-point margin. In this instance, you win your wager and get $190 back for a $90 profit.
In an over/under bet, sometimes referred to as a totals bet, you bet on whether the final cumulative score of a game will be above or under a predetermined threshold established by the bookmaker.
Imagine an NFL game between the New Orleans Saints and Tampa Bay Buccaneers where the over/under is 48.5 points. As you think a high-scoring game is likely, you wager $20 on the ‘over’ side of the line. This means you need 49+ points scored in the match to win. In general, overtime points do NOT count.
Your wager would be profitable if the final score, for example, was 28-24 in favor of the Saints, totaling 52 points.
The total combined score must, on the other hand, be 48 points or less if you choose to wager on the under. Your wager would be successful if, for instance, the Buccaneers win the game 17-10 for a final score of 27 points.
A parlay bet is a kind of sports wager that combines many smaller bets into a single, bigger one. Also known as an accumulator, a parlay must have all of its component wagers win to succeed. Parlay bets have bigger potential rewards and risks than single wagers since all bets must win.
Let’s look at a parlay where you pick three NBA teams to win. The win odds are in brackets.
Los Angeles Lakers (1.80)
Brooklyn Nets (1.70)
Denver Nuggets (1.90)
In this case, each wager has its own odds, which represent the possible return on that wager. Let’s say you place a $10 stake on the above.
Your parlay wager is only successful if all three teams (Lakers, Nets, and Nuggets) win their respective games. The chances of each bet are multiplied to provide the probabilities for a parlay wager. Therefore, if all three wins, the combined odds are:
1.8 x 1.7 x 1.9 = 5.814
Therefore, a $10 bet returns $58.14 (10 x 5.814) for a profit of $48.14.
Incidentally, the percentage chance of this parlay succeeding is 17.2% (100 / 5.814).
A futures bet is a sports wager where you predict an outcome that will be determined at a future date. Typically, futures bets involve predicting the winner of a tournament, championship, or specific event that will occur in the future.
Let’s consider a futures bet in the context of the FIFA World Cup, which takes place every four years. Before the tournament, you decide to place a futures bet on the winner of the upcoming World Cup.
The Ethereum betting site provides the following odds for selected teams:
Brazil: 5.00
Germany: 7.00
France: 8.00
Argentina: 11.00
Spain: 13.00
In this example, the odds indicate the potential payout if your chosen team wins the World Cup. The higher the odds, the higher the potential payout, and the lower the perceived likelihood of winning, according to the sportsbook.
Let’s assume you wager $100 on Germany to win the World Cup at decimal odds of 7.00. If Germany goes on to win the tournament, your bet is successful. In this case, you would receive a total payout of $700, including your initial $100 stake (your winnings of $600 plus your initial $100).
Prop bets, also known as proposition bets, are wagers that focus on certain events or occurrences within a game or match. Unlike traditional bets that revolve around the game’s outcome, props allow you to wager on various markets. These include player and team performance.
Let’s consider an NFL football game between the Kansas City Chiefs and the San Francisco 49ers. Here is a prop bet that could be available for this game on an Ethereum betting website:
Total Passing Yards – Patrick Mahomes (Chiefs): Over 300.5 (1.85), Under 300.5 (1.85)
This prop bet revolves around the total number of passing yards that Patrick Mahomes, the Kansas City Chiefs quarterback, will accumulate during the game. The sportsbook sets the line at 300.5 yards. You can choose to bet whether Mahomes will have over or under that number of passing yards.
If you decide to bet on the over and Mahomes throws for 317 yards, for example, your bet is successful. Conversely, if you bet on the under and Mahomes throws for 276 yards, you win your wager.
Prop bets add extra excitement to the game by allowing you to focus on specific aspects beyond the outcome.
Although there are many options, I believe it boils down to one. Ultimately, Binance is the world’s biggest exchange and the best choice for crypto bettors.
The problem with certain exchanges, such as Coinbase, is that they ban gamblers. I have heard many stories about the site freezing the accounts of users who played on betting sites.
You will have no such issues with Binance, as it lets you transfer money from your preferred Ethereum betting website with no fuss. As a bonus, Binance has low fees, quick withdrawals, and a huge number of coins to choose from.
Although many bettors use ETH, BTC, and LTC remain popular options. Also, Bitcoin Cash (BCH) is now regarded as a viable option. It is similar to Bitcoin but with a bigger block size. As a result, you benefit from lower fees, faster transactions, and BTC’s many advantages.
For many punters, Ethereum bookmakers are the gold standard. Fiat rivals have little chance of getting back players who switch to crypto.
Apart from anonymous play, you enjoy dozens of sports and hundreds of markets. If that isn’t enough, you can play casino classics like video poker, baccarat, slots, roulette, and blackjack.
You also benefit from more generous odds, exciting promos and VIP programs that add value to your user experience. Add limitless withdrawals and low transaction fees, and bettors are in heaven when they use Ethereum betting sites.
While the guide should answer most of your crypto betting queries, here is some more information you may find useful.
We have reviewed hundreds of sites to date and believe the following are the best on the market: Super Slots, Sportbet.one, Betonline.AG, Weltbet, Bitslotcasino, BetBTC, and Sportsbetting.AG.
There are a few things to investigate when finding out if an ETH sports betting site is safe. For example, determine whether it is licensed and regulated by a trustworthy authority. Also, please ensure the site has robust security measures, such as two-factor authentication (2FA) and SSL encryption. It’s also a good idea to check out what your fellow players say and read our reviews.
You can play anonymously when you use crypto for betting since your personal information isn’t directly associated with the wagers. You also benefit from secure and fast transactions with low fees. Finally, you can access betting sites with Ethereum from dozens of countries worldwide.
The answer is ‘yes,’ although several factors can impact the speed. For example, Ethereum network congestion plays a big role in transaction times. There are also gas fees, as well as the time that the ETH network takes to confirm the transaction. Finally, you should consider the betting site’s time to process your transaction.
Typically, transactions can take minutes, but the above factors could increase the length of your wait.
You can wager on a huge range of options across various categories. For example, you can bet on soccer, tennis, and basketball. Markets such as the Moneyline and Asian handicap are popular. You can also bet on eSports and virtual sports markets. Most betting sites that accept Ethereum also let you gamble on casino games. Play craps, Dice, Crash, or slots with progressive jackpots if you want a big prize.
The answer is ‘yes’ if you want easy accessibility and privacy while you bet. Although ETH’s value could fall, the long-term trends point towards it potentially outperforming fiat. Therefore, you must decide whether the benefits outweigh the downsides of using Ethereum betting sites.