Bet on Sports with Bitcoin and Other Cryptocurrencies

Why should you bet on sports with Betswap?

Betswap.gg takes online sports betting with crypto to the next level with an innovative Bitcoin sportsbook. We have designed the best crypto sports betting platform where bettors, new and old, can bet on their favorite sports teams and tournaments through a secure server. With a wide selection of markets and odds on our betting site, you won’t ever want to bet on sports anywhere else.

Here are some of the main reasons why you should choose Betswap and not the many other Bitcoin betting sites:

• Innovative approach: The Betswap crypto betting site provides Web3 sports betting through blockchain technology, ensuring a higher level of security and transparency than other sportsbooks and exchanges.
• Unique betting experience: Unlike traditional Bitcoin sportsbooks, Betswap provides those who want to try sports betting cryptocurrency options with a unique experience through peer-to-peer bets and the option to choose your own odds.
• User-friendly interface: Whether you’re a newbie or an experienced gambler, it doesn’t matter. Our blockchain sports betting platform is intuitive and easy to navigate.
• Wide range of sports markets: You never have to worry about not finding your favorite sport to bet on at Betswap, as we cater to many preferences through diverse markets.
• Fast transactions: Do you need your winnings quickly? No problem. Betswap can provide you with instant withdrawals when you’re using cryptocurrency.

How does crypto betting on sports work?

Betting on sports at Betswap.gg is a unique yet simple process compared to other online betting sites. All you have to do is ensure you have funds in your betting account, and then you can start browsing the markets and finding the sports matches and tournaments you prefer. When you choose the event you wish to bet on, you can place your bet against set odds or use the peer-to-peer matching system to set your own.

Betswap.gg has a peer-to-peer trading system where you can match your bets directly with another user. You don’t have to use an intermediary like a bookmaker, which means you can get better odds.

How to start betting on sports with Bitcoin

Ready to get started with betting at Betswap? All you have to do is follow the following steps:

1. Create an account with Betswap by providing minimal information, including a username, email address, and password. You don’t need to provide sports betting sites and crypto casinos like ours with any other sensitive data.
2. Once your account is set up, you can deposit funds into your wallet. To do this, find the wallet symbol in the top-right corner of our site and select the crypto or fiat currency you wish to use.
3. Go through the various sports markets and tournaments at Betswap, from soccer to tennis. Choose the one you want to bet on using set odds or the best one from another user through peer-to-peer matching.
4. When you know the specific match or tournament, it’s time to place your bet. You can do this using the crypto deposited in your account. Simply specify how much you wish to wager and against what odds.
5. Wait for the sporting event to finish to see the outcome. You can either watch it live or come back once it’s over. If your bet is successful, you’ll automatically receive your winnings in your Betswap wallet.

Most popular sports for betting with Bitcoin

If we were to go back in time to when crypto gambling sites first emerged, betting on sports would be there. It has been around for as long as we can remember, and it has been made even more convenient by placing bets with Bitcoin and other forms of cryptocurrency. There’s a wide range of options for everyone, from your most common sports like soccer and rugby to more unique markets involving esports.

One of the best things about cryptocurrency betting, especially when using a Bitcoin sports betting exchange over a bookmaker, is that there is a wide range of competitive odds to choose from. You can make the most of low transaction fees when withdrawing your winnings, and the funds will also reach your wallet almost instantly.

Here are the main sports betting markets available at Betswap.gg:

Football (soccer)

European football, also called soccer, is an internationally celebrated game in which two squads of eleven players battle on a field, attempting to put the ball into the opposite team’s objective. Football is famed for its rapid pace, skill-based strategy, and passionate fans. The most popular football leagues in the crypto gambling space include the following:

• Premier League
• La Liga
• Serie A
• Bundesliga
• Ligue 1

Basketball

Basketball is a fast team sport where two teams of five players each attempt to score points by putting a ball through the opposing team’s hoop. It is distinguished primarily by dribbling, passing, and shooting, as well as tactics and defensive formations. The most popular leagues for betting on basketball are:

• NBA (National Basketball Association)
• EuroLeague
• ACB (Asociación de Clubes de Baloncesto)
• CBA (Chinese Basketball Association)
• NBL (National Basketball League)

American football

American football is a team sport popular in North America, mainly in the United States. It is a sport played by two teams of eleven players on a rectangular field. The goal is to advance an oval ball, running it into the opponent’s end zone to score points. Popular American football Bitcoin betting leagues include:

• NFL (National Football League)
• NCAA (National Collegiate Athletic Association)
• CFL (Canadian Football League)
• XFL (Xtreme Football League)
• IFL (Indoor Football League)

Rugby

Rugby is a dynamic team sport played with an oval ball by two teams who have to prevent the ball from entering the opponent’s goal area using physical strength. Rugby has become popular in all age groups internationally, and there are many varieties of the sport, including the following:

• Rugby Union
• Rugby League
• Sevens Rugby (Rugby Sevens)
• Touch Rugby
• Wheelchair Rugby (Quad Rugby)

Australian rules football

Aussie rules football is a fast-ball game played by a team on an oval field. The points are counted, as players must kick the ball through the goal along with vital indicators or handball to teammates. It’s a mix of soccer, rugby, and basketball.

Tennis

Tennis is an exciting individual or doubles sport where the players compete by using a racket to hit a ball into the opponent’s court over a net. A point is scored when a player fails to return the ball within the boundaries. It requires high accuracy, speed, and alertness and is well-liked by millions of sports fans worldwide. Here are popular tennis events:

• Wimbledon
• Australian Open
• French Open (Roland Garros)
• US Open
• ATP Finals

Cricket

Cricket is a bat-and-ball sport played on a circular field with two teams. The batting team scores runs by striking the ball long and running to the wickets, and the other team attempts to bowl the batter and limit the opportunity to score runs. Matches last from a few hours to days, and they are watched by millions in the forms of One Day Internationals, Test cricket, or Twenty20 matches.

Baseball

Baseball is a popular team sport with two teams of nine players each. A player uses a bat to hit a ball thrown by the opposing team’s pitcher. The batting team tries to score runs by hitting the ball and running around a series of bases set up in a diamond shape. Some of the most well-known baseball events include:

• World Series
• Major League Baseball (MLB) All-Star Game
• MLB Postseason
• Japan Series
• Caribbean Series

Horse racing

Horse racing is a spectacular sport where thoroughbreds run races, usually on flat or over-hurdle courses. Speed, skill, and tactics are shown in the process, so thousands of spectators worldwide watch and bet on these races. Popular horse racing events include:

• The Kentucky Derby
• The Grand National
• The Dubai World Cup
• The Prix de l'Arc de Triomphe
• The Melbourne Cup

Ice hockey

Ice hockey is a brisk team sport played on the surface, and two teams compete to score goals into the opposing side’s net by flicking the puck using a stick. Speed, physical action, and skillful glide on skates are the hallmarks of ice hockey. The most well-known hockey leagues are:

• NHL (National Hockey League)
• KHL (Kontinental Hockey League)
• SHL (Swedish Hockey League)
• Liiga (Finnish Elite League)
• AHL (American Hockey League)

MMA

MMA, or Mixed Martial Arts, is a complete body-to-body combat involving various components from martial arts – striking and grappling, among many others. Fighters play in special cages or rings and are overcome by striking knockouts, submitting, or court decisions. MMA brings together mastery, strength, and endurance.

Volleyball

Volleyball is played on a rectangular court by two teams, each consisting of six players, divided by a high net. The goal is to send the ball over the net and drop it within the opponent’s court while the other team tries to do the same.

Handball

Handball is a team sport where players use their hands to pass and play a ball, scoring goals in the opponent’s net. Generally, this game is a mixture of soccer, basketball, and water polo. It needs stamina and attention from the players.

Futsal

Futsal is a small indoor soccer court with five players on each team. It is a competitive game designed for high ball and quick transfers. It is a beautiful game that requires a mix of skills, creativity, and teamwork.

Darts

Darts involves throwing small missiles, known as darts, at a circular target dartboard. In this game, players attempt to outscore their opponent by aiming for a specific numbered section on the board or a bullseye.

Snooker

Snooker is a cue game played on a rectangular slated table. Players hit spheres with a cue stick, causing them to sink into pockets. Attackers use every opportunity to advance their scoring chances while steadily developing the game and forcing the opponent out of play.

Crypto esport betting

Another form of sports to bet on at Betswap is esports. This involves competitive matches in games like Fortnite and Counter-Strike on different platforms, such as PCs, consoles, and mobile devices. People play in teams on various titles, and bettors try to predict the outcome of the game.

Pros and cons of Bitcoin betting

There are advantages and disadvantages to online sports betting with Bitcoin or other forms of cryptocurrency. Here are the main pros and cons to consider:

Pros

• Anonymity: When you bet with Bitcoin or any other form of crypto, you don’t have to provide any personal or sensitive information.
• Fast transactions: You can instantly receive your winnings from bets if you use cryptocurrency.
• Security: Since cryptographic algorithms secure Bitcoin transactions, there’s almost zero chance of them being hacked.

Cons

• Volatility: Bitcoin is highly volatile, meaning the value of the token might be higher or lower when you win compared to when you place your bet.
• Irreversible transactions: If you accidentally place a bet or make a deposit using Bitcoin or crypto, it’s almost impossible to reverse it.
• Technical complexity: Not everyone understands how to use Bitcoin, which means it’s not always accessible for all types of sports bettors.

What types of sports bets are there?

BTC sports betting is a broad activity, and there is a wide range of betting markets at Betswap.gg:

Win market

Betting on the outcome of a single match or event, choosing the winning team or player.

Overall winner

Predicting the winner of an entire tournament or league competition.

Over or under

Betting whether a game's total combined score or any other statistic will be above or below a decided cutoff.

The next scorer

Speculating which player will score next.

Handicaps

Giving one team or player a virtual advantage or disadvantage to level/reduce the spread.

Asian handicap

A more complex split handicap that eliminates the chance of a game ending in a draw.

Player performance

Betting on individual player statistics like goals, assists, or yards gained.

Team performance

Gambling on team statistics such as points scored or total yards gained.

Final score

Placing bets on the exact final score of a game.

Live betting

Betting on any aspect of a currently running game, with odds and options adjusted as the game progresses.

Betswap’s betting license

To offer a safe and reliable crypto sports betting exchange and casino games to players, sportsbooks and Bitcoin casino platforms need to have a valid license. This is a serious requirement for all the operators in the online betting industry which is also true for traditional fiat casinos and other online gambling sites.

Betswap holds a license from the Curaçao Gaming Control Board with license number 365/JAZ and sublicense GLH-OCCHKTW0709112022. This license allows us to provide all of our account holders with fair odds and betting lines, ensuring they don’t have to worry about the reliability of our operations.

Our license is proof that we are following all laws and regulations required to run our betting exchange. It shows users that we are legitimate with our payments and welcome bonuses, making us the best crypto sports betting platform that they can rely on.

Deposit methods

Wondering what types of tokens you need for depositing funds before you can place a sports bet at Betswap? Here are some of our main crypto and digital currencies available, on top of a few fiat currency options:

• BTC: The most popular coin on the Betswap Bitcoin sports betting site.
• BSGG: Betswap’s native coin that you can use to bet against others.
• USDT: A stablecoin that’s pegged to the USD.
• USDC: Another stablecoin pegged to the USD, similar to USDT.
• ETH: A decentralized cryptocurrency offering Ethereum sports betting.
• TRX: A low-cost and fast decentralized cryptocurrency token.
• DAI: A decentralized stablecoin pegged to the USD, secured by crypto.
• MATIC: Layer 2 scaling solution for Ethereum with lower fees.

What you should know about Bitcoin betting odds

Before you start betting with Bitcoin or any other cryptocurrency, you need to understand the odds. First and foremost, odds are the probability of the outcome of a particular game or sporting event. They can come in decimal, fractional, or American odds formats at Betswap. They all convey the same information but in a different way.

If you’re using decimal odds, you’ll see the total payout and original stake. Fractional odds display the profit relative to the stake. American odds will show you the amount you need to bet to win 100 USD.

Responsible betting

At Betswap.gg, we want you to have fun when placing bets on your favorite sporting events, but we also want you to be cautious at the same time. That’s why we offer a Responsible Gambling section on our site, where you can have access to a wide range of tools and resources that can be used to manage issues related to online gambling.

If you find that you’re struggling with sticking to a budget or addiction, there are many help hotlines and resources available to give you a helping hand. You may also choose tools that limit how much you can spend.

FAQs

Are you still curious about some aspects of cryptocurrency sports betting at Betswap? You can find some more information from our frequently asked questions.

Is betting with crypto safe?

Yes, betting with crypto is entirely safe, and due to its decentralized nature, it is even safer than betting with traditional payment methods.

How do you make deposits with Bitcoin?

You can deposit Bitcoin into your Betswap sportsbook account by generating a unique deposit address for your online Bitcoin wallet and specifying the amount that you want to deposit.

Why is Betswap.gg the best place for betting on sports with crypto?

Betswap is the best place to bet on sports with cryptocurrencies because we offer a decentralized betting exchange with ample betting opportunities. On our platform, you can select lower odds and even set some of them yourself.

Is sports betting using Bitcoin legal?

Yes, decentralized sports betting using Bitcoin is legal in numerous jurisdictions. However, check with your country or jurisdiction laws before you get started.