Does anyone here have any experience of sports betting with bitcoin? Is it safe and what are the advantages? Most of the bitcoin gambling sites I've seen are casinos rather than sportsbooks.
Great question Donald. When deciding on which bitcoin bookmaker you want to use, you first need to decide whether you want to use a bitcoin only sportsbook or a regular online sportsbook that accepts all payment methods, including bitcoin. Both types have their advantages and disadvantages. For instance, bitcoin-only betting sites tend to be more anonymous and do not require the user to supply any information that would make them identifiable. Bitcoin friendly betting sites have the advantage that many of them have been in operation for over a decade and they are licensed and regulated in a particular country. Taking these considerations into account, I will recommend 1 online sportsbooks that only accepts bitcoin and another that offers a full cashier service. NITROGEN SPORTSBOOK - WWW.NITROGENSPORTS.EU Nitrogen customers can ONLY make deposits or withdrawals using Bitcoin. Totally anonymous gambling site that accepts players from the US and anywhere else. Nitrogen is the largest and most established pure bitcoin sportsbook. Their mobile apps is well designed and works great on any iPhone, Microsoft Lumia or Android. Nitrogen also have the highest betting limits in the industry. You can place single bets of over 20 BTC on games from major leagues like the NFL, English Premier League and the NBA. All bitcoins are held in cold storage for added security and two step authentication is also available. Nitrogen will match your first deposit up to BTC 5. BETONLINE USA BITCOIN FRIENDLY - WWW.BETONLINE.AG BetOnline are a US friendly conventional online bookie that allow you to fund your account using Bitcoin, Visa/Masterdard, bank transfers, money orders, Skrill, Neteller, Discover, Diners Club and more. BetOnline is one of the oldest and most trusted US-facing sportsbooks operating today. Place wagers via the main website or via their iOS, Android and Windows Phone compatible app. Your first $50 bet from a mobile device is completely free. Bitcoin processing fee is 2% of the total amount and is processed within 48 hours.
do fantasy betting sites like draftkings or fanduel accept bitcoin? using bitcoin to gamble seems like a great idea for anyone living in the united states but i've never been able to figure out how to buy bitcoin. how can someone living in california or new york easily get their hands on some bitcoin?
Right now they don't but they are nothing having problems finding credit card processors so I would not be surprised if they added bitcoin as a cashier sometime in 2016.
Neither Ladbrokes, Paddy Power, UniBet, Bet365 or William Hill accept bitcoin at the present moment. The good news is that both Bodog and Bovada have added bitcoin as a banking option.
Buying bitcoin has gotten much easier and more straightforward. You can buy it at a bitcoin exchange or broker using your credit card. Most major cities now have numerous BTM's (bitcoin ATM's) that allow you to instantly exchange cash for bitcoin.
Good news. Bovada, one of the biggest sportsbooks for US-based sports bettors, now also accepts bitcoin. Read this thread for a full overview of Bovada and Bodog bitcoin banking fees.
5Dimes are bitcoin friendly now also although I rarely use them because their app looks crap on my Samsung Galaxy.
Yes. 5Dimes don't appear to reinvest any of their profits into developing decent mobile betting software. Odd considering how popular betting from iPhone and Android has become.
A UK licensed sportsbook called NetBet recently started accepting bitcoin. I wouldn't be surprised if Paddy Power, Ladbrokes and William Hill do the same before the end of the year.