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- Michigan online sports betting websites will not only allow you to bet on action in the Wolverine State, you can also feast on the best national and international sports, too. To offer a teaser, here are the most popular sports available for betting at BetMGM.
Betting on sports using Bitcoin has become a lot simpler than you can imagine. Recently, sportsbooks have been more accepting of Bitcoin bets and even give out larger bonuses for users who use cryptocurrencies, opposed to those who stick to traditional currencies. It's also much nicer being able to both play and win in BTC.
We list the Top Bitcoin Sports Betting Sites
#1 – Cloud Bet
If you are looking for a safe and reputable bitcoin casino with multiple betting options, including sports betting and esports this is your best option.
You can literally bet on every major sporting event including NFL & NCAA football, NBA & NCAA basketball, MLB, NHL as well as boxing, rugby, MMA, and much more.
This is by far the best bitcoin focused sportsbook.
#2 – Bovada
This is one of the oldest sports books in the world, and they were also one of the first to focus on offering bitcoin deposits and withdrawals. A clear favorite Bovada offers betting on all of your favorites sports, they also offer a world class casino, poker rooms, live dealers, and much more.
#3 – Bet Online
Bet Online has an impeccable reputation and they have achieved this by offering some of the best customer service in the world, along with great odds. You can wager in BTC, and they offer options to wager on nearly any sporting event that you can think of. They also offer all new players a generous sign-up bonus. Also check out the great casino games.
#4 – Sports Betting
A global leader in offering world class sports betting, they offer multiple cryptocurrency deposit options including Bitcoin (BTC), Bitcoin Cash (BCH), Litecoin (LTC), Ethereum (ETH), Ripple (XRP) and Stellar (XLM).
Betting stakes explained against. A Single Stakes About is an Any To Come bet consisting of two selections from events, these are then compiled to produce two bets derived from two singles. BETTING STAKES EXPLAINED - STRATEGY / STAKING PLANS / METHODS Obviously you are using your hard earned cash to bet with. So it is important to stop and think about the. In gambling, odds represent the ratio between the amounts staked by parties to a wager or bet. Thus, odds of 3 to 1 mean the first party (the bookmaker) stakes three. A single stakes about bet is a common feature in many multi-bets. For example, you will find single stake about bets in a super flag, alongside doubles, trebles, four.
#5 – GT Bets
This is another solid option for players who are want to wager on sports using Bitcoin (BTC) or other cryptocurrency. This is a smaller outfit than the others that we recommend, the benefit of this is they really go out of their way to offer the best in customer service, and they always aim to payout winnings as fast as possible. Make sure to checkout the promotions page.
The Basics of Bitcoin Sports Betting
Players must comprehend the fundamentals of crypto-currency betting before they even place their bets. There is a wide variety of bets you can choose from, each of them having its own pros and cons based on their type, wage and value. Some of the most popular ones are:
- Moneyline
- Parlays
- Props
- Point Spread
- Futures
- Live Bets
Moneyline: Choose the Winner
The most straightforward way to get into Bitcoin sports betting is Moneyline. The player receives a payout that is directly linked to the result of the event that is happening. The odds are expressed with fractions, decimals or American odds. We will use American style round the entire post, to keep things most understandable.
American odds detail what it would take for the player to win a certain amount of money on a particular bet. Imagine that the Super Bowl is happening and the player wants to win 100$. Odds are usually displayed as:
Pittsburgh Steelers (-200) vs. Dallas Cowboys (+180)
This means that if the player wants to win the 100$, they are required to place a 200$ bet in favor of the Steelers. In contrast, if the Cowboys win and the player has bet on them, they get paid out a sum of 180$.
Sportsbooks root the payouts by the current trends across the betting market; this is the reason why the payouts are much less than the bets themselves.
Parlay: Stacking Up Wins
Parlay betting allows the player to stack up games in order to enlarge their win. Usually, up to three games are required to place a parlay bet. The player can also use point spreads and moneylines to be stacked on a parlay.
While the payouts are generally larger, the only downside is that the player needs to win all the bets in order to be paid out.
Props
'Props' or propositions bet means that the player bets on a certain occurrence of the event, not the result of the event itself. For example, the player can bet that Dak Prescott can score 25 points in a game or whether Andy Dalton does around 23 passes.
Point Spread: Marginal Winners or Losers
The catch of this type of bet is to bet on a game with even odds, meaning that the favorite needs to win by a certain amount while the underdog needs to lose by an even amount. If we use the game from the previous example, the bet would look like this:
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Pittsburgh Steelers +3.4 (+130) vs. Dallas Cowboys -3.4 (-130)
For the player to win 100$, they need to place a 130$ bet. At the same time, the Steelers need to win by at least 4 points to ensure that the bet is won; if the Cowboys lose by 4 points or less, the player is also paid out.
This type of betting is especially popular with NFL and NBA games, because it is really easy to assume the favorite and the underdog on an even playing field.
Futures: Future Wins
By the title of the bet, it is obvious that the player bets on a prediction that is in the far future.
For example, you can bet on a certain NBA team to take the crown in the next championship:
Chicago Bulls +420
Meaning that if you place a 100$ bet, you can be paid out a sum of 420$. The downside being, that any other team can win the championship, leaving your bet to a loss
Choices of Bitcoin Deposits and Withdrawals
Generally, sites that allow crypto-currency betting enables players to continue wagering on their preferred sports; to keep things simple they usually cite BTC bets in dollars. Because of this, the sites protect the players from price swings that go up to 30%, as well as offering them larger payouts, sometimes even higher than 200%.
Using Bitcoin on sportsbooks is really easy. Firstly, you need to buy Bitcoins from your credit card, which can be simply done with exchanges such as Kraken or Coinbase. Once you have the coins, you transfer them to the sportsbook's crypto wallet address. Transactions usually cost a couple of cents, and they appear on the sportsbook almost instantly. This process can be easily done through mobile apps or websites.
The only thing you need to note is that bitcoins trade to 12 decimals, in contrast to traditional currencies trade to 2. It is possible that sometimes a transaction can be completely free, but most sites limit users to a minimum and maximum exchange amount for deposits and wagers as well.
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Table of Contents
- Oddschecker
- Easy Odds
- Odds Shark
- Oddspedia
- Oddsportal
The beauty of sports is that when you are enjoying the fast-paced action, you can also log on to the internet and bet on the outcome. And considering the vast online sportsbook on the internet, punters can bet on their favorite event no matter the country or the time it is being played. However, getting a tidy profit from sports betting is easier said than done, especially if you don't understand the basics of online betting.
But since finding value is a secret ingredient to making good cash from sports betting, as a player you need to find sites that give you the best odds. And while there are plenty of legitimate and reliable online betting sites, there are others that are unsafe. Therefore, punters must do due diligence on the platforms they are betting on to ensure that they don't lose their hard-earned cash to fraudulent betting websites. Before you decide to place a bet, make sure you compare the odds offered by different platforms. If you want to make a kill from sports betting, here are some of the best sports websites to get odds.
Related: How to Build a Sports Betting App with Python
Oddschecker
Best Sites For Sports Betting
Oddschecker is not only one of the oldest, but the most popular odds comparison website. This platform helps you to compare odds offering from various bookmakers from around the world. The first thing you see when you log on to this site is the variety of sports they cover. The major ones include horse racing, football, golf, and greyhounds. Other events covered on this site include ice hockey, rowing and table tennis.
Pros
- The site boasts direct links to major sportsbooks around the globe
- Odds offered on this platform are free.
- The site has a dedicated Oddschecker app for mobile users
- The site is neatly laid out with various categories differentiated from each other using distinct colors
Cons
- The site contains a lot of information which can be overwhelming to beginners
Easy Odds
Besides offering odds comparison for various bookmakers, this site provides additional information such as links to free bets, betting tips, and bonus offers and promotions. This platform boasts a unique dropping odds feature, a tool that helps you spot events where the market is moving faster. When you sign up as a member on this platform, you will be able to see lots of sure bets and set up alerts to be notified when odds reach a particular level. Games covered include football, rugby, horseracing, darts, cricket and much more.
Pros
- Features a tab that shows dropping odds
- Provides more sporting information besides the odds
- Ability to link directly to various bookies
Cons
- Their wide range of features makes navigation on the website a little challenging
Odds Shark
Odd Shark is one of the global authorities when it comes to the provision of online sports betting odds and other gaming paraphernalia. Whether you are looking for consensus data on soccer/football, hockey or basketball, this is your one-stop destination for top-notch odd comparison. It features odds from various sportsbooks including the United States' best online sportsbook, Bovada. This site covers odds for a vast array of sports including NFL, NBA, soccer, golf, boxing, NHL, and WNBA among others.
Pros
- Boasts an extensive list of sports odds
- Offers more than sports odds
- Features live bet odds from renowned sportsbooks
Cons
- Offers more sports news than odds
Oddspedia
Oddspedia provides value to players by offering the most comprehensive and reliable sports odds comparison. The site boasts unparalleled sports coverage and displays odds for various competitions from all over the world. The site helps bettors to improve their winning chances by providing detailed odds and guaranteeing the quality of bookmakers displayed on the platform. Sports covered on this website include football, baseball, tennis, ice hockey, volleyball, American football, and handball among others.
Pros
- Betting odds are updated after 20 seconds
- Features dropping odds tool that can be intuitive for finding excellent betting opportunities
- Also boasts a ton of other sports resources such as live scores, sports news and more
Cons
Best Sites For Sports Betting Picks
- Limited direct links to many bookmakers
Oddsportal
Oddsportal is another fantastic website where punters can compare sports odds from more than 60 of the major bookmakers. The site comes with outstanding tools such as the dropping odds and blocked odds to help you follow current market trends, as well as the in-play odds for in-play bets. Some of the games featured on this website include football (soccer), basketball, tennis, handball, American football, hockey, and volleyball, among others.
Pros
- Registering on this site allows you to customize your bookmakers, select your preferred sports, odds format, betting market type, and time zone.
- Odds are updated after 15 minutes
- Boasts a crisp and user-friendly websites
Cons
- Contains too many details that can overwhelm first-time bettors
Summary: Best Websites for Sports Odds
Website | Pros | Cons |
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Oddschecker |
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Easy Odds |
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Odds Shark |
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Oddspedia |
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Oddsportal |
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