Bitcoin Sportsbooks

Bitcoin sports betting is new and high tech, yet for online bettors who have been around more than ten years… it feels like old times. That’s because, although the blockchain and crypto hash functions (and a bunch of other terms we could put here to sound smart) are above the bettor’s head, most old timers do understand e-wallets. Right before bitcoin, there weren’t a lot of options to quickly fund a betting account. But go back a few years earlier, and there were many online wallets like Instadebit and Neteller, and before that there was Paypal. Bitcoin puts us back in the e-wallet era and lets us again take control of our bankroll.

Bitcoin Betting started a few years ago when Bitcoin-exclusive bookmakers all popped up overnight. Of course, the betting public is conditioned to avoid new online bookies like the seafood menu at a 24-hour diner. But these bitcoin books countered that fear by offering quick bitcoin transfers at any time. They also provided anonymous betting to go with their anonymous bookmaking. This was popular for a while, but the bitcoin community is tight and soon heard that some bitcoin books closed with player balances or failed to pay on big bets. The bitcoin sportsbooks that powered through learned that instant payouts and anonymous betting weren’t sustainable because of player fraud and they had to move closer to the traditional online sportsbook. But by the start of 2016, most of the old and proven betting sites added bitcoin as an option. Although the bitcoin sportsbetting didn’t turn out to be the instantaneous flow of peer-to-peer blockchain betting magic that the bitcoin community envisioned; the sports betting community was dancing to Lifehouse and Nelly Furtado all over again. Let’s take a look at what a bitcoin sportsbook looks like in 2024.

Bitcoin Payout Times

When talking bitcoin and Online Sportsbooks, or really bitcoin and anything, the focus is on how fast you can do business. That doesn’t mean that if a sportsbook decided to offer bitcoin but isn’t fast, that that book doesn’t have something to offer. It just means for the majority of you reading this review; you want to know how fast and easy you can get down and then collect.

In that tier, we have to put Bookmaker and Heritage above the others. Both Sportsbooks are saying “Hey, request your funds before lunch and we’ll fire over your funds when we finish ours.” And we aren’t talking about token amounts. Big bettors, especially at Bookmaker, are getting six-figure payouts in a week. Right below those two, we have to list the BOL group. BetOnline and Sportsbetting under-promise and over-deliver when they say “up to 48 hours” and send $10,000 inside one hour. After that, you have YouWager at 24 hours. After that, if you are still looking at the other books, it means you are looking at the sportsbook features at a higher priority.

BitCoin Betting Bonuses

Bitcoin is cheap for the sportsbooks. Yes, there are a lot of currency conversion costs and liability with BTC fluctuations, but most books have made money holding bitcoin and are saving 8% or more on processing transactions. That means books often want to incentivize players to use bitcoin and/or other cryptocurrencies. You can check out the Full Predictem Bonus List for all updated bonuses of course, but there is more free money out there if you are using bitcoin.

Intertops: The sportsbook with the longest payout hold time of 6 days happens to have the top bitcoin bonus. Intertops is offering up to $1000 cash if you deposit $1000. With only an eight-time rollover you can coin flip (no pun intended) your way through your rollover and still come away with free cash.

Bovada: Bovada has bonus offers good enough to match Intertops if you know how to use them. Bovada has 50% cash for NON-bitcoin first time depositors. However, if you deposit using BTC or Bitcoin Cash, you can grab a 75% real cash bonus up to $750 if you sign up through this special link and select the 75% bonus option on their deposit page.

If you keep checking this list, you’ll see good books offer a bigger than the standard signup bonus for using Bitcoin or other cryptocurrencies. Players find it is worth the hassle of switching deposit methods in order to get more free money and that’s the idea. BetOnline and Sportsbetting are two who are currently giving players 25% “extra bonus” if they come in with bitcoin. BOL and Sportsbetting now have the best combo of payout speed and extra money.

Deposit Speed

For many of us, we fund our stable books that have unique lines and stay locked and loaded for the season. But for those times right before kickoff when you see a line and decide you have to hit it, you need to know which books can credit your account with your bitcoin deposit right away. Bookmaker, Bovada, and MyBookie all state that they have you loaded within 20 minutes.

In 2024 all sportsbooks take bitcoin and hold the balance in USD. Head to our Best Sportsbooks List to see how books stack up in other categories and rank overall.