Best Litecoin Bookmakers

Best Litecoin Bookmakers Reviews

Let’s analyze the Litecoin bookmakers reviews of the brands mentioned in the table.

Is It Worth Your While to Use Litecoin on Bookmakers?

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

It has since gained a loyal following and is now in the digital asset top 10.

Now, check out the following advantages and disadvantages of using Litecoin with online bookmakers.

Pros of using Litecoin on Bookmakers

• 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

Why you shouldn’t consider using Litecoin on Bookmakers

• When the cryptoasset market suffers a setback, Litecoin is badly affected, and its price routinely plummets during bad spells

• You might find it tough to discover reputable bookmakers that allow Litecoin deposits

• There is evidence that other currencies are closing the gap on Litecoin as a viable option for playing on bookmakers

What Are the Best Kinds of Sports Plays?

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

As a result, a growing number of bookmakers enable you to play on a wide range of sports and esports using Litecoin.

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

Nonetheless, it’s a grave error to register with any LTC bookmaker website without fully understanding the reasons why you are playing 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 play on, knowledge that should help boost your bottom line.

The win market

This is perhaps the easiest and most commonly used Litecoin sports playing market. It is also available in blockchain bookmakers that accept all kind of crypto.

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.

Although it is a simple market to understand, there are some minor differences depending on the sport, as we illustrate below.

Soccer

In soccer, the Moneyline offers three choices: Home win, away win, 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.

Soccer also has the following variations on the Moneyline:

• Draw no Bet: If your selection draws, you get your Litecoin back, and you win if the team wins.

• Double Chance: You win if your selection avoids losing. However, you win the same amount whether the team wins or draws.

American Football/Baseball/Basketball

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

Basketball, American football, and baseball are three examples of this happening.

It is rare for bookies accepting Litecoin to offer an option to back the ‘tie,’ even though a small percentage of American football games end up with no winner.

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

However, we advise you to ensure that the Litecoin bookmaker includes overtime in your original Moneyline play.

Tennis

Many sports provide a binary win or lose option because there is no possibility of a draw.

For example, the game only ends with one player winning a pre-determined number of sets in tennis.

Therefore, this particular Litecoin sports playing market is as straightforward as it gets.

Overall winner

In virtually every sport, each match is part of a bigger tournament.

You have to choose who you think will be left standing at the end in the outright winner market.

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

Certain bookies accepting Litecoin also provide an each-way option on their tournament winner markets.

If you choose this market, you should win LTC if your pick loses the final or perhaps makes the semi-finals.

Over/Under

This market relates to the number of scores in a match.

You have to choose whether the game will have over or under the number of scores than the ‘line’ set by the bookmaker accepting LTC .

If you believe a particular event will have a significantly higher or lower amount of scores, you can pick one of the alternative lines on offer.

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

For example, imagine that the bookmaker accepting LTC has the line on a game between Arsenal and Leeds United at over/under 2.5 goals.

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

However, if you believe the game will be quite open, you could look for an over 3.5 goal market and win if there are 4+ goals.

The beauty of this play is that it doesn’t matter which team/player wins, as your only concern is the level of scoring in the event. Try SOL sports betting to discover more markets to bet.

Next score

This is one of the easiest playing markets to understand and is ideal for beginners.

The only thing you have to do is play on whoever you feel will get the next score in the game.

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

Please note that some sports are often low-scoring, so prepare to wait to learn the fate of your play.

Indeed, in soccer, almost 7% of games in top European leagues end with no goals scored across 90 minutes!

Therefore, consider sports like tennis and basketball if you want plays where the outcome is resolved quickly.

The majority of bookies that accept LTC permit players to play on a basketball game’s next basket or a tennis game’s next point.

You know whether your play has won or lost seconds after placing it in many cases.

Handicaps

It is rare for a sporting contest to be evenly matched on paper, which bookmakers know only too well.

Sometimes, the favorite’s odds are so unappealing that it isn’t worth playing on.

However, you can make things more interesting by playing on the handicap market.

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

Suppose the Milwaukee Bucks are favored to beat the Chicago Bulls; a bookmaker might start them off with a -10.5 handicap.

The above handicap means that the Bucks have to win by a minimum of 11 points should you choose to bet on them.

Conversely, if the Bulls are +10.5 and you play on them to win with the handicap, you earn LTC if they lose by 10 points or less.

Asian handicap

As you might guess from the name, the Asian handicap is a LTC sports playing market that began in Asia and it’s available in best crypto betting apps.

It is slightly more complicated than its standard counterpart, but it can give bettors an edge when used correctly.

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

Using a game between Manchester City and Everton as our example, let’s investigate a few Asian handicap markets:

• 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 bookmaker company’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.

By removing the binary ‘win’ or ‘lose’ outcome from the equation, the Asian handicap market offers something new when you decide to play.

Half/quarter/period markets

There are relatively few sports where play is continuous, meaning you can benefit from extra playing markets.

Let’s say you know that a certain team is strong in the second half of matches.

You can wait for the first half to conclude and analyze the action if you have the opportunity.

Now, you can play 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 playing to the next level.

Individual performance

Although sports such as soccer and basketball involve a team functioning as a unit, you can make plays on individual performance.

If you believe a player is in great form or has a record of brilliant performances against certain opposition, you can use this knowledge to win Litecoin.

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

Team performance

In potential mismatches, it is always worth focusing on the performance of a specific team.

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

Even if the team you select ends up losing, you can still win Litecoin if you make the right call.

Final score

Depending on the Litecoin bookie and the sport, you could have the opportunity to use the correct score market.

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

It is less difficult in tennis, for instance, because there are only a handful of potential scores.

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

In contrast, predicting the correct score in soccer is difficult because of the vast number of possible results.

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 LTC bookies often offer generous odds.

Playing in-running

Setting aside time to watch a match live could help you make money.

LTC bookmakers offer a remarkable array of in-play playing options, which are fast-moving markets.

Suppose you feel that a team will play well but aren’t 100% sure; witnessing a game in-play gives you enough information to decide whether to make a play.

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

Furthermore, the available odds on certain markets tend to improve as time ticks by.

Ante-post Playing

Ante-post playing revolves around sports events set to take place at least 24 hours later.

Nonetheless, you’ll find that Litecoin bookies offer odds on events that won’t begin for months.

Experts in this form of playing aim to get long odds on an outcome in the belief that the price will drop before the event.

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

Also, check the terms and conditions of the bookmaker accepting LTC you place your ante-post play with.

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

Suppose you back the legendary Rafael Nadal to add to his long list of French Open titles.

Suddenly, you discover that Nadal can’t play because of an injury.

In this unfortunate circumstance, some Litecoin bookmakers will hold onto your Litecoin even though you had no chance to win.

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

A Concise Guide to Playing Odds

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

Winning in the long term is effectively impossible without knowing how playing odds work.

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

When making plays, you have to realize that Litecoin bookies have an edge on every market ranging from 3% to 30% or more.

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

Value Playing

Value playing 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.

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

No! 100/2.50 means the bookmaker 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.

Once you finish the investigation, the reward is a ‘betting tissue,’ a tool that places you in the role of a bookmaker.

A betting tissue is a means of pricing an event to create your own odds.

Nonetheless, it is a mistake to attempt this process before learning about the various forms of sports playing odds.

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, Litecoin bookmakers that offer American odds have a minus or plus sign before a number.

Use the sign to determine if the potential profit in Litecoin 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.

A (+) sign means an odds-against play, so your possible profit is higher than your original play.

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

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

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

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

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

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

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

Decimal odds

European players are more familiar with decimal odds, which is the easiest format to calculate and understand.

Multiply the amount of Litecoin you intend to play by the decimal odds of your selection.

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.

If England wins, you get $320, meaning a profit of $120 (320 – 200).

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

Using the above example, England has a 62.5% chance of winning according to the Litecoin bookie , since 100/1.6 = 62.5.

Fractional odds

In the UK and the Republic of Ireland, fractional odds remain among the most popular betting formats.

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.

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

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 Litecoin you staked to your profit.

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