Why You Should Bet Using Crypto this Football Season

August 30, 2024 by Staff

The 2024/25 football season has kicked off and, if you haven’t already, it’s time to get your sports betting accounts in order. If you had limited success during the last football season, perhaps it’s time to try a different betting platform - or, a different form of sports betting altogether. Crypto sports betting has become a popular approach to football wagering. 

On a basic level, these platforms work the same as regular, fiat currency-based sportsbooks. However, the key difference is that you deposit funds and withdraw winnings in a cryptocurrency of your choice. Crypto sportsbooks come with a host of other benefits, which we’ll explore below. 

More betting options 

Some wrongly believe that crypto gambling sites are limited in terms of betting options. However, as Nick Pappas details in his list of best crypto betting sites, they come with a diverse range of bets. The main options include spread, moneyline, totals (over/under), props, parlays, and futures.

You may find crypto gambling sites to be more diverse than standard betting sites in terms of bet options. This is due, in part, to them being offshore. Being based overseas means that these sites do not need to abide by the same rules that US-based sportsbooks must follow. For example, perhaps your state has restricted prop betting. If this were the case, you would be able to find unrestricted prop betting options on a crypto site. 

Better odds 

Another huge benefit of crypto gambling sites is that they can generally offer better odds to their customers than fiat currency platforms. This, again, comes back to their offshore nature. These sites base themselves in places that have low taxes to ensure their overall operational costs are kept to a minimum. With lower operational costs, these sites have more money to offer bettors. 

With so many betting sites out there, being able to offer better odds provides sites with a real competitive edge. So, you’ll often find crypto sites competing with one another over who can offer the best odds. 

Better bonuses 

The competition over who can offer the best odds normally extends to who can offer the best bonuses. To attract a high volume of new customers, crypto sites advertise lucrative sign-up bonuses. Then, once players are signed up and using the site, they’ll also offer sizable daily bonuses, deposit bonuses, no-deposit bonuses, and so on to keep bettors using their site. 

The bonuses offered make crypto betting sites the most economical option when it comes to sports wagering. The wide range of bonuses offered means that you don’t have to deposit as much. You could also divide up your bonuses across several bets, meaning they could provide you with multiple chances of winning. 

Plus, receiving your money in crypto could work out more profitable in the long run, especially if your chosen crypto shoots up in value. The crypto market is expected to reach a revenue of 11.71 billion in 2030. This suggests that crypto is going to continue to grow in popularity in value. 

Increased security 

From a cybersecurity point of view, crypto sports betting sites are definitely the better option. While they don’t provide you with full anonymity, they provide as close to 100% as possible. 

Your transactions are only connected to your wallet address - not your name, sort code, and account number. Plus, you rarely have to verify your identity when signing up for a crypto site. This means that should the site suffer a security breach, none of your personal information will be available to steal. 

Each of your transactions is also encrypted and recorded on the blockchain, meaning that all transactions are secure and tamper-proof.

Overall, the nature of crypto gambling sites mitigates the risk of you falling victim to identity theft or fraud. Last year, the Federal Trade Comission (FTC) received one million reports of identity theft. Clearly, this type of cybersecurity risk remains common, so you should avoid taking chances. 

Faster transactions 

The only way to guarantee instant withdrawals is to use cryptocurrency as your betting payment method. Traditional payment methods can sometimes take days to process due to the fact that they need to be checked and cleared by a middleman. 

Crypto transactions, on the other hand, go from one party to another. The direct nature of crypto transactions means that there should be no waiting time at all between withdrawing and receiving funds. Plus, cryptocurrencies aren’t bound to banks or financial institutions, meaning that they can be used freely 24/7. 

This creates a seamless betting experience and means that you can better manage your funds. It also gives you instant access to winnings should you want to spend them immediately. 

Final thoughts 

A new football betting season is a good excuse to start more profitable betting habits. One of these habits could be switching USD for Bitcoin, Ethereum, or Dogecoin and wagering using a crypto-gambling site. These platforms provide bettors with more options, better odds, bigger bonuses, increased security, and faster transactions.