Best Litecoin Sports Betting Sites

Top-Rated Litecoin Betting Sites Reviews

We’re now going to check out the Litecoin sports betting sites reviews included in the table.

Is It Worth Your While to Use Litecoin on Betting Sites?

Charlie Lee, a Google employee, is responsible for releasing Litecoin in October 2011.

Litecoin has traveled its own path and is now considered a worthy digital asset in its own right.

Should you use Litecoin on betting sites? Read these pros and cons and decide.

Three reasons to use Litecoin on Betting Sites

• Litecoin has been around a long time and is considered a relatively ‘safe’ cryptoasset

• Transactions via Litecoin are among the fastest of any digital currency

• Litecoin transaction fees are considered low compared to other cryptoassets

Cons of using Litecoin on Betting Sites

• As it is closely correlated with other digital currencies, Litecoin ’s value depends on the market as a whole

• Not many sports betting sites accept Litecoin as a payment method despite its popularity

• Litecoin ’s advantage over other currencies is shrinking and may not be worth using on sports betting sites soon

Best Types of Sports Bets

Those in the know realize that Litecoin sports wagering is highly favored amongst bettors.

Many betting companies now offer you the chance to wager with Litecoin on dozens of sports, not to mention esports too.

That’s only the tip of the iceberg; there are also countless markets.

Nonetheless, it’s a grave error to register with any Litecoin betting site without fully understanding the reasons why you are betting in the first place.

Sensible bettors realize they need to educate themselves on the available sports betting markets.

This comprehensive guide provides essential information on the most popular markets, outlining what must happen for you to win.

When you’ve finished reading, you should have an idea of the markets you’d like to wager on, knowledge that should help boost your bottom line.

Event winner

Backing the winner of an event remains the best-known Litecoin sports betting market.

All you have to do is select the team/player you think will win the match.

For example, you can pick the Boston Celtics to beat the Los Angeles Lakers in the NBA.

As simple as the Moneyline market is, not every sport offers the same options, as we describe below.

Soccer

Soccer’s win market gives you the chance to back the home team, the away team, or the draw.

Since draws happen in up to 30% of professional games depending on the league, it is a worthwhile option available at reasonable odds.

Unlike many other sports, you can select one of the following two options on the soccer win market:

• Draw no Bet: Your bet is successful if the team you select wins the game, and you get your Litecoin back if it draws.

• Double Chance: You make a profit if the team of your choice wins or draws the game. However, please note that you don’t win any extra money if the team wins.

Basketball/ American Football/ Baseball

There is no ‘draw’ in many North American sports because if a game finishes level, it goes straight into overtime.

This is the situation in American football, baseball, and basketball.

Although American football games sometimes end in a ‘tie,’ you’re unlikely to find this market on many Litecoin sports betting sites.

As a result, you should win your bet as long as your selection triumphs after overtime.

However, we advise you to ensure that the Litecoin sports betting company includes overtime in your original Moneyline bet.

Tennis

It is impossible for a draw to be the outcome in certain sports.

Tennis is one of the best examples because a game can’t end until one player wins the requisite number of sets.

As a result, there are few Litecoin sports betting markets as easy to understand as the Moneyline in tennis.

Outright winner

There are generally large tournaments featuring dozens if not hundreds of games in different sports.

The tournament winner market enables you to select who you think will likely win the big prize.

Given the difficulties of picking a winner, you should find long odds for many selections, giving you the chance to win lots of LTC .

Some Litecoin sports betting websites let you mitigate your risk by letting you back your choice each-way.

With this market, you can win Litecoin if your team/player gets to the semi-final at least or loses the final.

Over/Under

This well-known market revolves around the total number of scores in a game.

Your mission is to determine whether the event will have more or fewer scores than the ‘line’ set by the sports betting site that accepts LTC .

There are also alternative over and under markets if you think a match will have a surprisingly high or low number of scores.

There are different scoring methods depending on the sport, and this affects the over/under line.

For instance, Litecoin sports betting platforms might put the line on a Liverpool vs. Manchester United game at over/under 2.5 goals.

If you’re anticipating a free-flowing game with at least 3 goals, you could bet on over 2.5 goals or back under 2.5 goals if you think there will be 2 or fewer goals.

Another option is to back over 3.5 goals if you believe the match will have a minimum of 4 goals.

With the totals market, you don’t care about who wins, only that the game has the right number of scores for you to win.

Next score

If you’re a novice, the next score market is among the simplest to understand.

All you have to do is make a wager on whichever team or player you think will get the game’s next score.

For example, you might decide that the Detroit Lions will get the next touchdown or field goal against the Chicago Bears.

However, please note that certain sports are low-scoring, so you may not know if you win or lose your bet for a while.

Believe it or not, about 1-in-14 professional soccer games end scoreless after 90 minutes of play.

As a result, if you want the chance to place lots of quickly settled bets, look at sports such as tennis and basketball.

Virtually every Litecoin sports betting site enables you to bet on the next point or basket.

With an immense number of scoring plays per match, there are plenty of occasions where your bet is settled within seconds.

Spread betting

Most sporting events have a clear favorite, so betting sites must adjust accordingly.

In this instance, the odds on the favorite are often too short to warrant a bet.

Thankfully, you can fall back on the spread to get better odds for your bet.

Sports betting sites with Litecoin give the weaker team a virtual advantage, and you must determine whether the favorite is strong enough to win with this deficit.

For instance, the Milwaukee Bucks might be available at a handicap of -10.5 to beat the Chicago Bulls.

If you believe the Bucks are good enough to overcome this obstacle and make a bet, they need to win by at least 11 points.

Alternatively, you can bet on the Bulls with a +10.5 handicap and win Litecoin if they win the match or lose by a maximum of 10 points.

Asian handicap

As you might guess from the name, the Asian handicap is a Litecoin sports betting market that began in Asia.

It includes more of a learning curve than the typical spread market, but it is worth learning about the better value offered.

Indeed, the Asian handicap market is often the weapon of choice for professional gamblers.

Here’s a quick overview of what each Asian handicap market means, using a game between Manchester City and Everton as an example:

• Man City (0): A draw means you receive your money back, a win for City means your bet wins, and a loss for City results in you losing your full stake.

• Man City (-0.25): As with a ‘straight bet,’ you need City to win to earn Litecoin and lose your stake if they lose. However, you get half your money back if the match finishes in a draw.

• Man City (-0.5): The only way to win money is with a Manchester City victory. Otherwise, you lose 100% of your bet.

• Man City (-0.75): If City wins by exactly one goal, you earn half the full profit, while a 2+ goal win ensures you win the bet. If a big City win means a $50 profit for you, a one-goal win means a profit of $25. A draw or loss for the Citizens means you lose your money.

• Man City (-1): City must win by at least two goals for you to profit. Otherwise, your money is returned with a single goal City win, and your bet fails if City loses or draws.

The markets above work similarly if you decide that Everton will fare better than the Litecoin sports betting platform’s odds suggest.

Let’s say you think Everton has a very good chance. You can back the Toffees on the Asian Handicap at 0 and get your money back if they draw.

Bettors operating from a strict bankroll should consider these markets because there’s a security blanket of sorts in the form of returned stakes.

With the Asian handicap market, sports betting is no longer a binary ‘win or lose’ scenario.

Half/quarter/period markets

Most sports events are divided into sections, giving you further betting opportunities.

Suppose your research reveals that a specific team is a strong finisher.

You can see the half-time score and consider your options if you have the time.

Now, you can wager on the team of your choice winning at this stage if the odds are right.

By taking a detailed look into the capacity of a team to either start or finish fast, you could take your betting to the next level.

Individual performance

Even in team sports, you have the chance to bet on selected players’ performance.

Players have hot streaks, and if you can identify this uptick in performance early, you could win LTC .

This market could involve selecting player points, goals, or baskets depending on the sport.

Team performance

Apart from the general match markets, you can also back teams to perform well or poorly on the day.

The fact that your bet can win regardless of the outcome is a significant advantage.

The team you choose could lose but play well enough to ensure you win LTC .

Correct score

Litecoin betting sites also offer a correct score market for certain sports.

You need to predict the exact scoreline in a match to win.

It is easier to do this in tennis due to the lack of scoreline combinations.

Suppose you wager on a best of three sets match; there are just four possible scores: 2-0, 2-1, 0-2, and 1-2.

It is far harder to predict the final score in a soccer match due to the immense number of potential outcomes.

If you don’t conduct plenty of research, any wins you achieve are solely down to luck.

As difficult as it is to win on the correct score market, at least you’ll find that Litecoin betting sites often offer generous odds.

Betting in-running

Those who watch a live sporting event often find that there are opportunities to make a profit.

Litecoin sports betting websites offer a remarkable array of in-play betting options, which are fast-moving markets.

If you’re wary of making bets before a match, waiting for it to commence can help reveal whether your pre-game hunch is accurate.

If you’re an expert in any given sport, you might know the likely outcome shortly after the game begins.

In addition, there are in-play markets that offer improved odds the longer the game goes on, depending on the state of play.

Ante-post Betting

Technically speaking, ante-post betting involves events set to take place at least a day later.

In reality, Litecoin betting sites offer markets for sports events that don’t even begin for several months!

When performed correctly, this form of betting can guarantee value odds when the price on the selection falls as the event approaches.

Of course, there is always the risk of getting it wrong, and the odds of your selection get even longer.

Moreover, before making an ante-post bet with any sports betting site with Litecoin , analyze its terms and conditions.

In some cases, if your selection doesn’t compete, you might not get your money back.

For example, let’s say you back Rafael Nadal to win the French Open tournament.

Then, he withdraws from the tournament due to injury.

Depending on the Litecoin betting website, you might lose all of your Litecoin .

Ultimately, any time you risk Litecoin on an event well in advance of it beginning, you are placing an ante-post wager.

A Concise Guide to Betting Odds

While learning the intricacies of sports markets is very useful, it is only part of the overall equation.

If you don’t also understand what betting odds mean, you have no chance of making a long-term profit.

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

Although the edge enjoyed by LTC betting websites varies according to the market you bet on, you can expect it to range from at least 3% to over 30%.

You must aim to consistently find occasions where the betting site’s odds aren’t a fair reflection of the likelihood of an event happening.

Value Betting: Your key to success

Value betting experts forensically examine each market to discover that elusive edge.

For instance, your research shows a 30% likelihood of Manchester United defeating Arsenal in the English Premier League.

Suppose the odds of a United win are 2.50 on most LTC sports betting sites. Should you make a bet?

No! 100/2.50 means the sports betting site believes there’s a 40% likelihood of a United win.

Your quest for success must involve thorough research into a market to learn the true probability of any result.

Through this process, you can create what’s called a ‘betting tissue,’ which in effect turns you into a bookmaker!

What’s a betting tissue? It is a method of creating your own odds.

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

Unfortunately, few people can correctly calculate wagering odds, so we’ve created a quick guide featuring the three most popular types.

American odds

If you live in the U.S. and register with any Litecoin betting website, it’s likely to offer American odds, which feature a number preceded by a plus or minus sign.

The sign’s purpose is to inform you whether your profit in Litecoin is larger or smaller than your bet size.

For example, a (-) sign means an odds-on bet, so your potential profit is less than your stake.

If the odds include a plus sign (+), it is a bet at odds above evens, so the potential profit is bigger than the amount you risk.

Keep reading for some American odds examples outlining the potential returns and profit according to bet size.

• +110: A $100 bet means a possible payout of $210, and a profit of $110

• +150: A $100 bet means a potential win of $250, for a $150 profit

• +300: sports betting $100 means you could win $400 and enjoy a $300 profit

• -110: sports betting $100 results in a $190.91, and a $90.91 profit

• -150: A $100 bet means you would win $166.67 and earn a profit of $66.67

• -300: If you bet $100 at these odds, your return is $133.33 if you win, meaning a profit of $33.33

Decimal odds

In Europe, decimal odds, the simplest form to understand, is the most common format.

Multiply these odds by your bet size in Litecoin to determine your potential total returns.

For instance, if you wish to bet $200 on England to beat Sweden at odds of 1.6, you multiply 200 x 1.6, which equals 320.

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

By dividing the odds into 100, you can quickly determine the percentage likelihood of a selection winning.

In the England versus Sweden game, the Litecoin betting site believes that the former’s chance of victory is 62.5% because 100/1.6 = 62.5.

Fractional odds

Generally speaking, fractional odds are popular in the United Kingdom and Ireland.

They are written with a hyphen or, more commonly, a slash between two numbers.

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

Therefore, if you bet $10 worth of Litecoin at odds of 6/1, you would win $70 if successful, for a profit of $60.

The number on the left-hand side outlines how much profit you’ll earn should you wager a sum of money equivalent to 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 bet if successful.

Of course, you have to include the Litecoin you staked to determine the full payout.

If you don’t like a particular odds format, the sports betting site accepting Litecoin you use should let you switch to another one.