Best Monero Sportsbooks

Top-Rated Monero Sportsbooks Reviews

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Your Brief Guide to Using Monero on Sportsbooks

Nicolas van Saberhagen released Monero in 2014 with an emphasis on privacy.

Anyone can send or broadcast transactions, but no outsider can determine the amount involved or the transaction’s source or destination.

At present, Monero’s market cap is moderate and just enough to rank inside the top 30 digital currencies.

If you like the idea of complete privacy, learn more about Monero by reading the following advantages and disadvantages

Why Monero is a convenient payment method on Sportsbooks

• XMR is considered the world’s best digital currency for privacy

• Although it isn’t the best-known cryptoasset, there is a considerable amount of information regarding XMR online

• There is a strictly limited supply of XMR, so it may enjoy long-term growth

Negatives associated with using Monero on Sportsbooks

• Reputable sportsbooks that accept Monero are rare

• Monero’s high level of privacy is only worthy when using sportsbooks that ask for minimal personal details

• You can wave goodbye to your hard-earned Monero if a bad sportsbook scams you

A Concise Guide to Playing Odds

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

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

All the research in the world can’t make up for choosing poor value odds relatively often.

When making plays, you have to realize that Monero sportsbooks 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 sportsbooks.

What is value Playing?

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

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

Does that represent value odds if the Monero sportsbook company offers decimal odds of 2.50 for a United victory?

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

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

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

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 playing odds formats.

Unfortunately, few people can correctly calculate playing 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 Monero sportsbook, it’s likely to offer American odds, which feature a number preceded by a plus or minus sign.

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

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.

Below, we’ve compiled some examples of American odds, complete with information on how much you can win from different sized plays.

• +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

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

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

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.

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

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

Using the above example, England has a 62.5% chance of winning according to the sportsbook accepting Monero, since 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, playing on any sports market at 6/1 odds means that your return is $7 for every $1 risked.

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

The number on the left-hand side outlines how much profit you’ll earn should you play 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 play if successful.

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

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

Best Types of Sports Plays

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

This is why an impressive number of sportsbook companies now let you use Monero 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 Monero sportsbook company, 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.

With this knowledge, you’re more likely to find the best markets for your playing style, increasing your chances of winning XMR.

The win market

The most popular Monero sports playing market is backing a team or player to win.

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.

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

• Draw no Bet: If your team wins, you win XMR, and your stake is returned if the game ends in a draw.

• Double Chance: As long as your team doesn’t lose, you win the bet. Unfortunately, there’s no bonus if the team wins.

American Football/Baseball/Basketball

In many sports popular in North America, games that end in a tie go to overtime.

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

Although American football games sometimes end in a ‘tie,’ you’re unlikely to find this market on many Monero sportsbooks.

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

Even so, make sure the sportsbook that accepts XMR specifies that overtime is included in your original play.

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.

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

Overall winner

It is normal for each match to be part of a league or tournament.

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

This is a great market if you want to win plenty of Monero because there are many longer odds options.

Some sportsbooks accepting XMR let you mitigate your risk by letting you back your choice each-way.

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

Over/Under

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

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

If you believe the sportsbook company’s line is completely wrong, you can look into the alternative over/under market for higher odds selections.

Obviously, the types of scoring differ depending on the sport.

For instance, sportsbooks accepting XMR 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 play 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.

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.

Next score

If you’re looking for a gentle introduction to sports playing, the next scorer market is as basic as it gets.

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

For instance, you might fancy Liverpool to score the next goal against Manchester United.

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

Did you know that approximately 7% of high-level European soccer games have zero goals in matches despite the teams playing for over 90 minutes?

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

Virtually every sportsbook that accepts Monero enables you to play on the next point or basket.

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

Spread betting

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

They react by ensuring the odds on the favorite as so tight that most players won’t place a play.

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

Sportsbooks that accept Monero give the weaker team a virtual advantage, and you must determine whether the favorite is strong enough to win with this deficit.

Let’s say that the Milwaukee Bucks are strong favorites to beat the Chicago Bulls and have a -10.5 handicap.

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 Monero on them with the +10.5 handicap and win if the Bucks win by 10 or fewer points.

Asian handicap

Originating in Asia, this is an intriguing Monero sports playing market.

While it is more complex than the typical handicap market, it tends to provide better value bets.

Unsurprisingly then, professional bettors gravitate towards the Asian handicap market.

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 Monero 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 XMR 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.

Check out these markets if you take your gambling seriously and want to make your money last longer.

The Asian handicap market shows that playing isn’t necessarily a zero-sum ‘must-win or lose’ pastime.

Sectional markets

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

Imagine that you discover how successful a particular team is in the second half of games.

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

Now, you can judge whether you should play on the team of interest scoring heavily or winning the match.

Performing a deep dive into a team’s abilities at various game points is one way to gain an edge on the sportsbook companies.

Player props

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 Monero during this hot streak.

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.

A major plus point of this market is that the overall result doesn’t necessarily dictate whether your play wins.

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

Final score

Depending on the sportsbook that accepts XMR and the sport, you could have the opportunity to use the correct score market.

To win, you have to predict the precise scoreline in a match.

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

For example, in a best of three sets match, the only choices are 2-0, 0-2, 2-1, and 1-2.

It is more challenging to guess the right score in a soccer game because there are dozens, if not hundreds, of possibilities.

Without detailed research, there is little hope of achieving success.

The difficulty involved in winning on the correct score market is reflected in the long odds offered by XMR sportsbooks.

Live Playing

If you have the opportunity, taking time to watch a match unfold could prove lucrative.

The number of playing in-running markets offered by Monero sportsbook is incredible, though you need to act fast!

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

Sometimes, all you need is to watch a few minutes of a game to get a feel for how it is likely to pan out.

Also, specific markets are almost guaranteed to provide better value odds as the game proceeds.

Futures Playing

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

In reality, sportsbooks that accept Monero 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.

Unfortunately, it doesn’t always work out that way, and you may find that the odds drift.

Moreover, before making an ante-post play with any sportsbook with Monero, analyze its terms and conditions.

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.

However, Nadal gets injured before the event and can’t play.

Depending on the sportsbook with Monero, you might lose all of your Monero.

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