In this ultimate resource, you will discover the best Polkadot betting sites in 2023 available in real-time.
If you want to deposit, withdraw, or wager using DOT, all of these highly regarded sites can help you.
Our guide offers the following information on DOT betting websites:
The advantages of choosing them
How to find the best ones around
The top-rated exchange to use on DOT bookmakers in 2023
Let’s dive in.
Our list of the best Polkadot betting sites in 2023 consists of the following: Cloudbet, BC.Game, 1xBit, MelBet, Wolf.bet, Betandyou, 1xbet and 22Bet.
1xbet is an online sportsbook which offers lots of Jackpot, Financial, Limbo, HiLo, Plinko, Mines, Crash, Dice, Craps, Scratchcards, Slots, Lotteries, Roulette, Keno, Bingo, Baccarat, Blackjack, Live Dealer, Video Poker options to enjoy.
This site offers 2200 casino games, 84 sports, and 30 different support languages, meaning you can get everything you need.Read full review
22Bet is an online sportsbook which offers lots of Jackpot, HiLo, Plinko, Mines, Crash, Dice, Lotteries, Scratchcards, Craps, Slots, Roulette, Keno, Bingo, Baccarat, Blackjack, Live Dealer, Video Poker options to enjoy.
This site offers 3000 casino games, 91 sports, and 54 different support languages, meaning you can get everything you need.Read full review
CoinRoyale Casino is an easily accessible sportsbook that provides a substantial range of Dice, Slots, Video Poker, Blackjack, Baccarat, Roulette options.
With 9 casino games, 1 different support languages, and 15 sports, you’ll never be stuck for options on this site.Read full review
Let’s analyze the DOT sports betting websites reviews of the brands mentioned in the table.
There are definitely some complaints about 1xbet online, but 1xbet‘s representatives try hard to reach a happy ending for the players.
Like most sites of its kind, 1xbet has a license in Curacao. Although that doesn’t say much about its safety, it is better than holding shady licenses, or no license at all.
Good Customer Service.
1xbet‘s support, although not perfect, is better than most of its competitors.
1xbet launches interesting promotions from time to time, making the whole gaming experience better than most other sites.
Excellent Gaming Experience.
1xbet‘s website offers a modern design and is easy to use.
You can not only deposit with digital currencies but also play with the following:
You can not play anonymously on 1xbet.
Like most sites of its kind, 22Bet has a license in Curacao. Although that doesn’t say much about its safety, it is better than holding shady licenses, or no license at all.
Excellent Gaming Experience.
22Bet offers a user-friendly experience thanks to its excellent design and convenience.
Outstanding Mobile Experience.
The mobile version of 22Bet is well-thought out and crushes most other sites in this aspect.
You can not only deposit with digital currencies but also play with the following:
Very Bad Reputation.
Judging by the vast number of complaints online, 22Bet is known as a site to avoid.
Pointless VIP Program.
Despite the effort, 22Bet‘s VIP benefits are inferior to those available on the best sites.
You can not play anonymously on 22Bet.
Our research did not uncover many (or any) serious complaint about CoinRoyale Casino.
High-end VIP Program.
If you’re looking for sites with high-quality VIP programs, CoinRoyale Casino is among the best options.
Excellent Gaming Experience.
CoinRoyale Casino‘s website offers a modern design and is easy to use.
CoinRoyale Casino‘s registration process is modern and should take less than a minute. You will only need to provide the following: username, email address, password, email address validation.
Apart from having the chance to deposit crypto, you have the option to play with the following coins:
CoinRoyale Casino possesses no license. Although there are some decent sites with no licensing, it should cause you to pause for thought before registering.
Bad Customer Service.
CoinRoyale Casino‘s support isn’t the worst out there but compares poorly with most of its competitors.
Barely Any Promotion.
You will struggle ever to find a promotion worthy of the name on CoinRoyale Casino.
You can not play anonymously on CoinRoyale Casino.
|Casino||Welcome Bonus||Our Rating|
|1xbet||Up to 1500 EUR Welcome Package||4.12/5|
|22Bet||Up to 300 USD Welcome Package||4.08/5|
|CoinRoyale Casino||Up to 5 BTC Welcome Package||3.99/5|
Curious about DOT sportsbook companies, but still looking for reasons to take action?
There are countless reasons to give them a try, and here are just a few of them.
Fiat currencies are boring.
Inflation is decreasing their value every single year.
Ultimately, governments keep the current fiat system because it suits their needs.
Banks have carte blanche to determine to whom you can send them.
The time of fiat currencies has passed.
In 2023, Polkadot represents the future.
There is no middleman involved in Polkadot exchange.
Therefore, you don’t have to worry about payment gateways.
Banks and credit cards? Forget about them!
All you need is a reliable VPN to register an account on DOT sportsbooks.
Doing so ensures you can even enjoy the action on Polkadot betting sites forbidden in your country.
In any case, some end-to-end betting sites with Polkadot allow punters from almost every country in the world.
Disclaimer: We do not encourage any activity that is against the law. Using betting companies that don’t allow people from your country involves risks. One of them is the possibility of losing your entire stake after having your account suspended.
While you bet on a regular sportsbook platform with fiat currencies, you hold … fiat.
With fiat currencies, you lose purchasing power every minute.
When using Polkadot betting sites, the amount of Polkadot you hold will probably increase in value.
You might know that banks don’t appreciate online bookmaker companies.
We have heard and read many stories where people couldn’t get a mortgage due to their use of sports betting sites.
It didn’t matter that their use of betting platforms was nothing more than casual.
It is different with DOT sportsbook websites. You can use them without the bank’s knowledge.
As a bonus, no one else will find out either.
You can find standard betting sites that will take Polkadot, but they are behind the times.
Theirs old-fashioned design, inefficient customer service, slow payouts and many more drawbacks can get you disappointed.
The best Polkadot sports betting websites, on the other hand, are designed for the modern user. Therefore, they adopt better technology and respect their audience.
The result is a growing number of safer Polkadot sportsbook websites that you can trust, which offer better customer support, faster payments, along with bonuses and promotions worth something.
Financial regulations limit standard sportsbooks. This is why they are so slow and inefficient.
The result is that these betting sites have snail-like transactions, along with mediocre deposit and withdrawal amounts at best.
Although the best DOT betting websites are regulated (by the Curacao Gaming Authority most of the time), they are subject to less financial regulation.
Less financial regulation means fewer limits and faster (sometimes instant) payouts.
We have found a few top Polkadot betting sites that have NO limits on deposits and withdrawals, and you get your money almost instantly. You never get this kind of service from a traditional sports betting site.
Of course, remember to consider the time it takes for the various blockchains to process the transactions.
It is sometimes a challenge for punters to deposit money on sportsbooks.
One of our team couldn’t access their bank account for a month.
Here’s the reason. He wanted to put money into his sports betting site account and his first deposit was with a credit card.
It so happened that a new regulation was put in place in the UK on the 14th of April 2020, and he didn’t know about it.
It turned out he could no longer make deposits or withdrawals on sportsbooks. The bank even sent him an email warning him not to do it again.
With Polkadot, you will not need to beg your banker ever again.
Polkadot sports betting is incredibly popular these days.
Many sportsbooks now offer you the chance to wager with Polkadot on dozens of sports, not to mention esports too.
If that isn’t enough, there’s a breathtaking number of markets.
However, before you register with any DOT betting website and risk money, it is essential to understand the logic behind each bet.
This process involves performing research to gain greater awareness of the sports betting markets that interest you.
This comprehensive guide provides essential information on the most popular markets, outlining what must happen for you to win.
By the end, you’ll hopefully know what markets you prefer to bet on and increase your likelihood of success.
This is perhaps the easiest and most commonly used DOT sports wagering market.
It is as easy as picking the team or player you believe will triumph.
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’s win market gives you the chance to back the home team, the away team, or the draw.
If you’re looking for higher odds options, the draw is a realistic option since it happens at least 25% of the time in most leagues.
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 DOT 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.
There are plenty of sports where the outcome can only be a win or a loss for one team or player.
Tennis is one of the best examples because a game can’t end until one player wins the requisite number of sets.
Therefore, this particular Polkadot sports wagering market is as straightforward as it gets.
In several North American sports, games that finish level are decided in overtime.
The above happens in baseball, basketball, and American football.
It is rare for betting sites with Polkadot to offer an option to back the ‘tie,’ even though a small percentage of American football games end up with no winner.
Consequently, you win your bet if the team you choose wins the game in overtime.
Despite this fact, it is wise to check the market offered by the DOT betting website to ensure it counts overtime wins.
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.
It represents an opportunity to win a substantial amount of Polkadot as most selections are available at relatively long odds.
Depending on the bookmaker that accepts Polkadot, you might also get the chance to back your selection each-way.
With this market, you can win DOT if your team/player gets to the semi-final at least or loses the final.
This market relates to the number of scores in a match.
Your mission is to determine whether the event will have more or fewer scores than the ‘line’ set by the betting site with Polkadot.
If you believe the betting site’s line is completely wrong, you can look into the alternative over/under market for higher odds selections.
There are different scoring methods depending on the sport, and this affects the over/under line.
Let’s suppose that the Polkadot sportsbook company has the line on a game between Barcelona and Real Madrid at over/under 2.5 goals.
You would make a wager 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.
Alternatively, you could risk money on the over 3.5 goal market if you think a classic soccer match is on the cards.
The beauty of this wager is that it doesn’t matter which team/player wins, as your only concern is the level of scoring in the event.
If you’re a novice, the next score market is among the simplest to understand.
All you have to do is make a bet 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.
Some sports are relatively low-scoring, so you might have to wait for the bet to get settled.
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?
For that reason, you should look into high-scoring sports such as basketball or tennis if you’re seeking fast action when you bet.
Virtually every bookmaker accepting Polkadot enables you to bet on the next point or basket.
You know whether your bet has won or lost seconds after placing it in many cases.
It is rare for a sporting contest to be evenly matched on paper, which betting sites know only too well.
Sometimes, the favorite’s odds are so unappealing that it isn’t worth betting on.
Thankfully, you can fall back on the spread to get better odds for your wager.
DOT betting websites 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.
The above handicap means that the Bucks have to win by a minimum of 11 points should you choose to bet on them.
Alternatively, you can bet on the Bulls with a +10.5 handicap and win Polkadot if they win the match or lose by a maximum of 10 points.
If you’re looking for something a little more interesting, this DOT sports betting market of Asian origin is worth consideration.
It is slightly more complicated than its standard counterpart, but it can give bettors an edge when used correctly.
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): If City wins, your bet is successful. If they lose, your bet is unsuccessful, and if the game ends in a draw, your stake is refunded.
Man City (-0.25): In the event of a draw, the site returns half your Polkadot. Otherwise, you win if City wins and lose if they lose.
Man City (-0.5): This is the same as a double chance for Everton, meaning you only win if City triumphs.
Man City (-0.75): If City fails to win, you lose the wager. A victory by two or more goals for City means a full win, while a single goal victory is half a win. Suppose you would earn a profit of $20 for a City 2+ goal win. In this case, you net a $10 profit for a one-goal win.
Man City (-1): You lose the bet if City doesn’t win the game and get your stake refunded if they win by one goal. You need a 2+ goal City win to earn a profit.
The markets above work similarly if you decide that Everton will fare better than the Polkadot sports betting site’s odds suggest.
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.
By removing the binary ‘win’ or ‘lose’ outcome from the equation, the Asian handicap market offers something new when you decide to bet.
Most sports events are divided into sections, giving you further betting opportunities.
Let’s say you know that a certain team is strong in the second half of matches.
You can wait patiently until halftime to see how the game develops.
Now, you can judge whether you should bet on the team of interest scoring heavily or winning the match.
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.
Regardless of the team sport, you get the opportunity to bet on various player props.
Players have hot streaks, and if you can identify this uptick in performance early, you could win DOT.
This market could involve selecting player points, goals, or baskets depending on the sport.
If you believe a certain team will perform especially well or badly in a game, you can avail of several markets.
A major plus point of this market is that the overall result doesn’t necessarily dictate whether your wager wins.
The team you choose could lose but play well enough to ensure you win DOT.
Polkadot sports 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 less difficult in tennis, for instance, because there are only a handful of potential scores.
For example, in a best of three sets match, the only choices are 2-0, 0-2, 2-1, 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.
On the plus, Polkadot betting sites tend to provide decent odds for the correct score market, so any win is a worthwhile one.
Those who watch a live sporting event often find that there are opportunities to make a profit.
Sportsbooks with DOT offer a remarkable array of in-play betting 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 bet.
Professional gamblers often only need to see a few minutes of a match to know the best bet.
In addition, there are in-play markets that offer improved odds the longer the game goes on, depending on the state of play.
Technically speaking, ante-post betting involves events set to take place at least a day later.
In reality, Polkadot sportsbook websites offer markets for sports events that don’t even begin for several months!
Experts in this form of wagering aim to get long odds on an outcome in the belief that the price will drop before the event.
Ultimately though, there’s a chance that the price gets even longer, meaning your original selection is no longer a value bet.
Moreover, before making an ante-post bet with any Polkadot bookmaker platform, analyze its terms and conditions.
There’s a possibility that your bet isn’t void should your selection pull out of the event.
Imagine you confidently back clay court king, Rafael Nadal, to once again win the French Open.
Then, he withdraws from the tournament due to injury.
In this unfortunate circumstance, some Polkadot betting sites will hold onto your Polkadot even though you had no chance to win.
Effectively, you make an ante-post wager any time you risk DOT on a tournament winner before the event begins.
Many users of sports markets now register with sportsbooks and deposit Polkadot.
Now, let’s check out the impressive variety of sports and markets provided by these exciting betting sites.
Polkadot betting websites have grown to the stage where they match or even exceed what traditional betting websites offer regarding sports markets.
Punters now understand that they receive better value for money on DOT betting website markets than almost anywhere else.
Moreover, these sportsbooks also give you access to the hottest sports, leagues, and competitions on the planet, including:
Soccer: The English Premier League, LaLiga, the European Championship & the World Cup
Tennis: The WTP and ATP finals, not to mention the four major tournaments
Golf: The Open, US PGA, The Masters, and the US Open
Basketball: The NBA Finals and All-Star Game
American Football: The Super Bowl and the Rose Bowl
Cricket: The ICC Cricket World Cup, ICC Champions Trophy, and the T20 World Cup
When you register with any DOT betting website, you have the best seat in the house when the world’s biggest sporting tournaments take place.
You also benefit from in-play markets which are fast, furious and potentially very lucrative.
The electronic sports industry is now a billion-dollar sector that attracts an astonishingly large audience of over 450 million.
Tournaments take place virtually every day and involve elite gamers.
Such is the reputation of eSports that they will likely feature in the Olympic Games one day.
While traditional sports betting websites earned money from eSports, it hasn’t taken long for Polkadot bookmakers to follow suit.
Perhaps you can gain an edge if you look into the top performing eSports stars before risking any cash.
There are plenty of important tournaments featuring games such as Overwatch, FIFA, and League of Legends.
eSports markets are often very similar to other sports and may include tournament winner, over/under, and half markets.
Polkadot sportsbooks are helping promote eSports, so you can expect this form of entertainment to become ever more popular.
Unlike the traditional version, virtual sports require advanced technology to create events and their results.
The computer-generated graphics are often of exceptional quality and truly immerse the user.
There is a nice choice of virtual sports available, including darts, basketball, and cricket.
Everyone who bets DOT on virtual sports witnesses the same outcome, regardless of where they are.
Please note that these events are computer-generated, making them very different from eSports which involve human participants.
This means there is no historical data to fall back on when making a selection.
You can only base your decision on the available odds or a hunch, which means winning is all about luck.
This form of betting is becoming popular on betting sites with Polkadot because it enables them to increase the volume of events available.
A case in point is that there’s a motor race every three minutes, with American Football games starting every four minutes.
There is no link between real-world and virtual sports, so you could enjoy the latter in places where regular sports wagering is forbidden.
Therefore, people who want to bet DOT on sports but can’t do so may switch to these events instead.
Here’s what you should consider when selecting the best Polkadot betting website for your needs.
This is another crucial aspect to take into account when selecting your Polkadot sports betting website.
In general, DOT transactions are quick, carry low fees, and have no central authority to answer to.
That’s great, but Polkadot transactions are also permanent.
Since there’s no central authority involved, don’t expect to get your funds back if you get scammed.
Therefore, it is essential to pick DOT sportsbooks known for their legitimacy.
And that’s also why the reputation of sportsbooks accepting Polkadot holds such a significant role in our ratings and rankings.
Check out our Polkadot betting website reviews if you’re unsure about the safe DOT sportsbook companies you can trust.
Punters are generally unaware of this aspect, even though this is the very first one you need to look at.
If you’re in a prohibited country, legit betting sites that accept Polkadot will simply make it impossible for you to register and deposit funds.
Sadly, some unreliable DOT sportsbooks will not stop you from registering an account and betting but will block your account when you try to withdraw your gains.
Then these Polkadot betting sites decide to ask for account verification. To your horror, you’ll find that your account is suspended, and you have no access to your money.
This is why you must stick with DOT bookmakers that allow people from your country.
If you decide otherwise at your own risk, make sure you wager on trustworthy and legit Polkadot betting sites that allow for more anonymity.
Good Polkadot sports betting websites that act fairly and will likely return your funds if they catch you.
Sites like Stake.
There is a big difference between traditional sports betting sites accepting DOT and Polkadot betting sites (end-to-end).
Once you put your money into standard sports betting sites that happen to accept Polkadot, you’ll find that it automatically becomes fiat.
The same will happen when you withdraw (if they offer Polkadot as a withdrawal method); they will convert your fiat back into Polkadot.
Not only do these transactions incur fees, but it also means you no longer hold DOT while your funds are on the site.
If you strongly believe in DOT, it makes no sense to convert them into fiat. Therefore, you should stick with end-to-end DOT bookmaker websites.
These types of Polkadot betting sites let you deposit or withdraw with a massive number of digital assets.
You also get to use Polkadot on the site, which is vital.
Using these Polkadot betting companies gives you several Polkadot advantages, such as:
Higher payment limits
However, don’t assume that you automatically get these benefits from every one of these Polkadot sportsbook websites.
Just because these betting sites with Polkadot CAN give you these benefits, it doesn’t mean they WILL.
However, only the top Polkadot sports betting websites offer most of these benefits.
If you need help with something, things go more smoothly when you can quickly and easily chat to a trained customer service operative.
Particularly if you’ve never practiced betting sites that accept Polkadot before.
Therefore, our reviews of the best Polkadot bookmakers in 2023 include a thorough check and testing of their customer service.
It is essential to find DOT sportsbooks that help you manage your transactions, and we typically take the following factors into account in our ratings.
Some sports betting sites offer more deposit and withdrawal methods than others.
Keep your options open by selecting a site that lets you deposit or withdraw in several ways.
One of the big attractions of Polkadot sports betting sites is the prospect of a rapid withdrawal.
You might require quick access to your DOT so you can transfer to a different Polkadot sports betting site or make a fast trade.
Some Polkadot sports betting sites will process your withdrawals within a few days, while others will process them instantly.
The quicker the Polkadot betting site processes your withdrawal, the better.
Traditional betting sites have important restrictions in terms of payout.
Indeed, finding one that enables withdrawals totaling $10,000 a month is tough.
Such restrictions are a thing of the past when you use the top Polkadot sportsbook websites.
However, some Polkadot sports betting sites still have low withdrawal limit policies.
Do you want to know why? It is due to their lack of available cash.
The best DOT sports betting websites are different. Stake, for instance, has no cap on withdrawals.
For big-money punters, in particular, the key is to find safe Polkadot bookmaker platforms with no limits on withdrawals.
There are three aspects of ‘extras’ worth considering.
It is common for Polkadot sports betting sites to provide newcomers with bonuses to help them get started.
These bonuses can be pretty attractive; many of them offer to double your money or more.
Is there a catch? Yes.
Welcome bonuses often have certain conditions.
You might have to wager at least 30 times what you deposit before withdrawing any money, for example.
Therefore, you should focus on Polkadot sports betting websites with valuable promotions and VIP programs. These benefits are usually far better than any welcome bonus.
Average Polkadot bookmaker platforms don’t go out of their way to provide great promotions.
As we mentioned earlier, their preference is to provide restrictive bonuses.
Meanwhile, the best DOT betting sites focus on keeping you happy, which means lots of cool promotions.
Thanks to these promotions, you’ll probably get a lot more enjoyment from betting, and they’ll also help keep your balance topped up.
Good DOT betting websites are aware of the need to provide VIP programs worthy of the name.
Otherwise, how do they keep punters interested?
Yet, a large number of sites fail to offer anything resembling such a program.
When done right, a VIP program can significantly boost the level of enjoyment.
That’s why we strongly recommend only the most legit DOT sportsbooks with clear terms for their VIP program that offer generous rewards to their most loyal users.
Most exchanges are against the use of their platform to transfer funds to/from Polkadot betting sites.
You may find your account frozen and your funds confiscated if you’re caught using their website to fund your sportsbook with Polkadot account.
And trust us, they can find out if they want to. But how?
The most serious exchanges use blockchain forensics software to track transactions on the blockchain.
It is very hi-tech stuff, and a few of these exchanges proved it by sending us notifications.
So, what exchange should you use to deposit on DOT betting websites?
For our money, Binance is the right option.
It is a vast exchange, the world’s largest. But, more importantly, it doesn’t have any rules against using DOT betting sites.
Plus, it is also the best exchange by far for many reasons: top security, currency pairs available, lowest fees, fast withdrawals, and much more.
This exchange allows its clients to begin betting on DOT sports betting websites easily.
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.
When making bets, you have to realize that bookmakers with Polkadot 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 sports betting sites.
The process of value betting involves finding your own edge on any given market.
For instance, let’s say you think Manchester United has a 30% chance of beating Arsenal.
Does that represent value odds if the DOT bookmaker offers decimal odds of 2.50 for a United victory?
Certainly not! At these odds, the sportsbook company 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.
Once you finish the investigation, the reward is a ‘betting tissue,’ a tool that places you in the role of a bookmaker.
In simple terms, a betting tissue enables you to develop your own odds for any event.
However, don’t even think about making one until you know more about the different types of sports betting odds.
Calculating betting odds is a learned skill, so we’re providing information on three of the best-known types.
DOT betting sites that cater to users in the United States will often use American odds, which have a plus or minus sign before a number.
This sign indicates whether your profit will be more or less than the amount of Polkadot you wager.
For example, a (-) sign means an odds-on bet, so your potential profit is less than your stake.
A (+) sign means an odds-against bet, so your possible profit is higher than your original bet.
Keep reading for some American odds examples outlining the potential returns and profit according to wager 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
If you live in Europe, you’re likely familiar with decimal odds which are the most basic form.
To calculate your possible returns, multiply the size of your bet in DOT by the odds.
Imagine England’s price to beat Sweden is 1.6, and you wager $200; multiply 1.6 x 200 for a total of 320.
Should England succeed, the $320 return equates to a profit of $120 since 320 – 200 = 120.
To discover the probability of any pick winning in percent, divide the odds into 100.
In our example, 100/1.6 = 62.5; so, the Polkadot betting platform thinks there’s a 62.5% possibility of an England victory.
Generally speaking, fractional odds are popular in the United Kingdom and Ireland.
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 bet wins.
Consequently, you will enjoy a return of $70 if you happen to risk $10 worth of Polkadot at the above odds.
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.
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 bet should the Titans win.
Don’t forget to add the Polkadot you risked to calculate your total payout!
If you dislike fractional odds or have a preferred odds format, most Polkadot sportsbooks allow you to change them.
You have probably heard a great deal about using crypto on sportsbook companies, including its pros and cons.
Locating decent sources explaining HOW to use it is another story.
We have spotted this gap and developed a quick guide on registering with a Polkadot sportsbook website and getting the best out of your digital currency.
Before you read on, we would like to outline the following aspects of DOT sports betting:
You can only use a fairly small percentage of the huge crypto range on most sites
Barring a few exceptions, the level of volatility the market experiences is enormous and can hurt or help your investment
There is no going back when you make a transaction, so a blunder on your part could see you lose 100% of your money
No Polkadot sportsbook makes it to our list until our team thoroughly inspects it.
This process helps to eliminate low-quality sites, ensuring your money is safe.
As soon as you select a DOT sports betting site from our list, you can proceed with registration.
You can expect an easy procedure that only requires a few minutes of your time.
In fact, it is arguably faster and easier than with most sportsbooks that require you to use fiat.
Learn all about the bookmakers accepting Polkadot with the best and worst registration processes in our reviews.
We also recommend checking our reviews for promo codes to get a bonus.
Most DOT sportsbook companies offer generous first deposit bonuses and other gifts whenever you deposit crypto.
In the event your e-wallet is fully loaded, put some Polkadot into your account and benefit from the first deposit bonus.
Suppose you haven’t funded your wallet yet; you can easily add DOT via a well-regarded exchange.
Stick with crypto exchanges such as Binance and Kraken when making a purchase.
Apart from speedy transactions, these exchanges have no rules against using the Polkadot you buy for betting purposes.
Unfortunately, gamblers can’t use Coinbase due to the company’s anti-betting stance.
Using it to deposit Polkadot into any betting company could lead to account closure.
It is also wise to always select the coin you intend to bet with on the site.
Otherwise, you’ll pay extra fees when the site converts one crypto asset into another.
If you’re satisfied with the amount of Polkadot at your disposal, the next step is to transfer it to your account.
It is necessary to create a crypto ‘wallet,’ as this is where you keep your currency.
When choosing one of the several available options, consider the safety of your money, not to mention any spending restrictions.
You can select a non-custodial wallet if you want full control or a hosted version if you’d rather a third-party look after your money.
You need to visit the ‘send crypto’ section to perform the transfer no matter which option you select.
A non-custodial wallet, also referred to as a ‘self-custody’ wallet, involves no third-party oversight.
Instead, you are entirely responsible for the digital currency’s safety.
For instance, you have to keep your private key in a secure location once you receive it.
Anyone who gains access to your password can immediately rob all of your DOT.
Unfortunately, you also cannot access your crypto if you forget your password.
One major upside with this form of wallet is the high level of control it offers you.
Therefore, you can stake, sell, lend, and farm digital currency, not to mention spending it on Polkadot sportsbooks.
If you want a non-custodial wallet, download an app (such as MetaMask).
Once you get your private key, store it safely for easy access.
Creating a hosted wallet is as easy as opening an account with an exchange you trust.
If you misplace your password with a hosted wallet, you retain access to your money.
It isn’t the best option if you want to spend your crypto as you please because the third-party issues restrictions on how you use it.
For instance, hosted wallets may ask you to prove your identity, removing some of the anonymity generally offered by crypto.
Also, they may charge additional fees and prevent you from using your funds on DOT sportsbooks.
Go to the site’s deposit page and choose the crypto you want to use.
There is a cryptographic code called a public key linked to your account.
This address is unique to your account, meaning the receiver knows where the funds came from.
Copy and paste the address to your clipboard, and check it thoroughly.
A single oversight in a transaction could lead to significant issues, including the loss of your entire deposit.
Return to the crypto exchange or your wallet, paste the address, and click ‘send.’
While crypto transactions are usually fast, patience is sometimes required when waiting for the money.
Read our reviews to find out the best and worst Polkadot sports betting sites for transaction time.
In general, you should wait approximately six hours for the deposit to go through before chatting with a site’s customer service agents.
With crypto at your disposal, go to the site, making sure you enjoy what it has to offer while betting responsibly.
You can find Polkadot (DOT) available on popular crypto exchanges.
Working as a decentralized protocol, you can use it and enjoy the transfer of data and value across blockchain.
As a governance token, Polkadot owners can change the future of the protocol.
You can also use DOT for staking, issuing more tokens, or for verification of transactions.
If you intend to use the option for wagering, it would be useful to check its pros and cons:
Operating as a decentralized token, Polkadot utilizes Nominated Proof of Stake (NPoS) as its consensus method.
When you use it, you will benefit from the shared or ‘pooled security’.
As more scalable crypto, Polkadot supports two scalability forms – transactional and economic.
Polkadot is a volatile option, and your winnings can quickly become worthless.
When compared to alternative coins, it is still a very expensive option for potential investors.
Competition in the crypto world is very high and Polkadot has still to prove itself.
DOT sports betting websites are allowed in most countries. However, you need to check your country’s rules to know for sure.
There are two different aspects to consider: the legality of DOT and sportsbook companies in your country.
Although Polkadot is legal or tolerated in most countries, regulators are generally more severe with sportsbooks.
Still, some good Polkadot betting websites accept customers even from countries where they cannot operate.
Things are even more difficult for regulators as many people use a VPN nowadays to navigate the web more privately.
Your wallet creates DOT addresses which are the only information available that outlines where your DOT is and where you are sending it. The anonymous nature of DOT means it is very popular with punters.
One easy way to retain anonymity is to use a new address each time you receive payment. Also, remember that you can use various wallets, each one with a different aim.
It varies from a couple of minutes to an hour, depending on several factors, including the DOT network.
However, it also depends on the Polkadot network in question. The different Blockchains must confirm the transactions, and they are overworked on occasion.
In this case, you have to include a higher fee when sending funds for the transaction to be confirmed faster and not stuck in the Blockchain queue.
Withdrawing Polkadot is much the same as depositing them, but in most cases, Polkadot bookmaker companies also have to certify the task manually.
The quick answer is, ‘it depends.’ A slightly longer answer is that some sites can take several days to certify your withdrawal. Others don’t go through this process to ensure their withdrawals are no slower than deposits.
Bitcoin Cash (BCH)
Binance Coin (BNB)
American Football (NFL)
Football (Premier League, La Liga)
Tennis (Roland Garros)