Best Litecoin Sportsbooks

Best Litecoin Sportsbooks Reviews

We’re now going to check out the Litecoin sportsbooks reviews included in the table.

Litecoin Use on Sportsbooks: Is it Worth the Risk?

Created by Charlie Lee in October 2011, Litecoin began as a Bitcoin spin-off.

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 sportsbooks.

Pros of using Litecoin on Sportsbooks

• Litecoin’s longevity to date suggests it is going to be around for a long time

• You benefit from speedy deposits and withdrawals when using Litecoin

• You can expect to pay minimal fees for each Litecoin transaction

Three reasons NOT to use Litecoin on Sportsbooks

• Litecoin’s price is closely tied to the top-rated digital currency, so LTC is likely to suffer when there is a market crash

• While it is well-known in the digital asset world, the number of sportsbook companies that accept Litecoin is relatively small

• Recent improvements to other digital currencies mean that the advantages of playing with Litecoin are reduced compared to rivals

Analyzing the Best Sports Playing Choices

There’s no question that Litecoin sports playing has experienced a surge in popularity.

This is why an impressive number of sportsbook companies now let you use Litecoin to play on a significant volume of sports and esports.

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

Yet, before you get too excited and register with any Litecoin sportsbook, you must understand the ‘why’ behind your plays.

This means learning about the different sports betting markets and what they represent.

The following guide informs you about the best-known markets, describing what needs to happen for you to win.

By the end, you’ll hopefully know what markets you prefer to play on and increase your likelihood of success.

Event winner

Backing the winner of an event remains the best-known LTC sports playing market.

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

For example, you can select the San Francisco 49ers to defeat the Dallas Cowboys in the NFL.

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.

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

In several North American sports, games that finish level are decided in overtime.

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

You’ll find that most sportsbooks that accept Litecoin don’t offer a ‘tie’ market, although American football games can end in a tie after overtime.

Therefore, your play carries into overtime and wins if your team is victorious.

However, we advise you to ensure that the Litecoin sportsbook 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 instance, the game of tennis only finishes when one of the players wins the allotted number of sets.

Consequently, the tennis Moneyline is one of the simplest LTC sports playing markets you can use.

Tournament 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.

It represents an opportunity to win a substantial amount of Litecoin as most selections are available at relatively long odds.

Some sportsbooks accepting Litecoin 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

The over/under market refers to how many scores a game will have.

The Litecoin sportsbook will set a ‘line,’ and you have to decide whether there will be more or less scoring plays.

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.

Each sport has its own scoring system, which means this market can vary.

Let’s suppose that the sportsbook accepting Litecoin has the line on a game between Barcelona and Real Madrid at over/under 2.5 goals.

You would make a play on under 2.5 goals if you’re expecting a cagey game with less than 3 goals and over 2.5 goals if you feel it will be open with 3+ goals.

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

When you get involved in the over/under market, it is all about the number of scores as the actual winner of the game is irrelevant.

Who will score next?

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.

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

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

For that reason, you should look into high-scoring sports such as basketball or tennis if you’re seeking fast action when you play.

The majority of Litecoin sportsbook companies 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 sportsbook companies 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.

LTC sportsbooks will give the stronger team a theoretical deficit in the match, and you have to decide whether it can overcome it.

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

If you back the Bucks on the above spread, they need to win by 11+ points.

If you think the Bulls are being underestimated, you can play Litecoin on them with the +10.5 handicap and win if the Bucks win by 10 or fewer points.

Asian handicap

As you might guess from the name, the Asian handicap is a Litecoin sports playing 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.

This is why pro gamblers prefer the Asian handicap market over the conventional version.

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 LTC 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.

If you believe Everton will outperform the Litecoin sportsbook’s expectations, you can also use the Asian handicap market.

For instance, betting on Everton with the +1 Asian handicap means you win if the Toffees avoid defeat and get your money back if they lose by a single goal.

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, playing is no longer a binary ‘win or lose’ scenario.

Half/quarter/period markets

You have additional playing options in the form of half/quarter/period markets because most sports have breaks in play.

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

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

From that point, you can decide if you want to back the outfit to win the game or score a certain number of times in the second half.

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

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

It is the ideal market if you know that a certain player is in the form of their life and want to earn Litecoin during this hot streak.

Please note that the relevant sport dictates whether the market will involve baskets, goals, or points.

Team performance

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

One of the benefits of this market is that your play isn’t entirely dependent on the event’s outcome.

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

Overall score

Sportsbooks accepting Litecoin 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 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.

Research is essential to have any chance of success.

On the plus, sportsbooks with LTC tend to provide decent odds for the correct score market, so any win is a worthwhile one.

Live Playing

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

LTC sportsbooks 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.

Professional gamblers often only need to see a few minutes of a match to know the best play.

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

Ante-post Playing

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

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

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

Ultimately though, there’s a chance that the price gets even longer, meaning your original selection is no longer a value bet.

Also, check the terms and conditions of the sportsbook that accepts Litecoin you place your ante-post play with.

There’s a possibility that your play isn’t void should your selection pull out of the event.

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

Then, he withdraws from the tournament due to injury.

Believe it or not, some sportsbooks with Litecoin will keep your Litecoin.

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

Everything You Need to Know About Playing Odds

Although it is highly beneficial to know as much as you can about sports markets, it is only part of the puzzle.

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

It doesn’t matter how much research you perform into sports markets; success will elude you if you take the wrong odds.

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

However, no sportsbook gets it right all the time, so your mission is to find odds that represent better than fair value.

Value Playing

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

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

Ask yourself this question: If the sportsbook with 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 sportsbook company believes there’s a 40% likelihood of a United win.

The challenge is to perform enough research into an event to determine the real chance of a specific outcome.

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

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

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

Calculating playing odds is a learned skill, so we’re providing information on three of the best-known types.

American odds

In the United States, LTC sportsbook companies that offer American odds have a minus or plus sign before a number.

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

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

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

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

• +110: If you play $100 and win, you earn a $110 profit

• +150: The potential total return from a $100 play is $250

• +300: If you take a risk at these odds with a $100 play, you’ll be rewarded with a profit of $300 should you win

• -110: This odds on this play means a $100 stake would return $190.91 in total

• -150: A $100 play at this short price means a profit of $66.67 if you win

• -300: This is a short-priced play, so a win with a $100 stake equates to 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.

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

An English victory means you enjoy a $120 profit as 320 – 200 = 120.

Calculating the likelihood of your selection winning in percent involves dividing the decimal odds into 100.

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

Fractional odds

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

You’ll know this type of betting odds by the famous slash that appears between two numbers.

For example, 6/1 means six-to-one, indicating that you earn a profit of $6 for every $1 you risk if the play wins.

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 figure on the left-hand side is the profit you’ll earn if you play the amount of money staked on the right-hand side.

Let’s say you back the Tennessee Titans to defeat the Tampa Bay Buccaneers at odds of 11/4; this means your profit is $11 for every $4 you play should the Titans win.

Don’t forget to add the LTC you risked to calculate your total payout!

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