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Bitcoin Betting on Esports FAQs

Bitcoin Betting on Esports FAQs - banner

Table of Contents

Having already conquered most of the modern world, including eCommerce, hospitality and even travel, Bitcoin is setting its sights on taking over the gambling industry. It may have taken a little longer than expected. Still, we are already seeing a growing number of major online betting apps accepting the most popular cryptocurrency to cover stakes for bets and pay out winnings. Are you ready for the brave new world of Bitcoin betting?

Before you start opening an account, transferring Bitcoin and placing bets on major sports competitions, including the NFL, English Premier League, NBA, NHL and horse racing, you will want to have all the necessary information at your fingertips. That’s where this article comes into play. 

We have enlisted the help of an online sportsbook gambling expert who explains how Bitcoin gambling works, what you need to do to prepare and the promotions available for new customers.

Two major additions

2022 has resulted in two major additions to the online gambling sector – Bitcoin and esports. The latter is fast becoming one of the most popular tabs on betting apps, with hundreds of wagers placed every week on professional esports competitions, games and players. Not happy with covering just one of these additions, we bring our loyal readers up to speed on both. 

There is a lot to get through here, so we have organised the page into a frequently asked question style. This should help you find the questions that best suit your needs as a bettor and read the answers that will help you on your way. 

The more you know about how the gambling industry operates, the better chance you will have of beating the bookies and making a profit on your bets.

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How do I pay for bets in Bitcoin?

In the member’s area of your betting account, you can add and remove payment options, including VISA, PayPal and Skrill. Add your crypto account to your betting wallet in a few seconds and save. 

When placing bets, you will be asked which account you want to take the funds from to cover the stake, and you should select Bitcoin. The transaction will happen instantly, and your bet will be secured.

Will my winnings be paid in Bitcoin?

The winnings will be paid to your betting account wallet, and you can withdraw them to your preferred account. With a single click, funds will be sent to your crypto account, where they appear as Bitcoin. Please read your bookie’s terms and conditions regarding transfers.

Can I get a free bet on esports?

The best online bookmakers offer all new customers a welcome bonus, which is a free bet in many cases. This type of promo is used to attract new players to a bookie, rewarding you for choosing one sportsbook over the competition. 

When you register with a new bookie, deposit funds and place a qualifying bet, the marketing team will add the welcome bonus free bet to your balance. The free bet tokens can then be used to place bets on esports.

How do I place a bet on esports?

Placing a bet on esports is as quick and easy as gambling on any professional sport like soccer or baseball. Access your betting account and click the esports tab listed on the sports navigation bar. You’ll see a list of upcoming fixtures and competition outright markets. 

Click the one that catches your eye, then the odds of the selection you want to add to your bet slip. Input a stake, check and confirm the bet. Your gamble will be live, and a cash-out offer will be added to your bet slip.

Are bookies accepting new players?

All legal bookmakers active in your area will be seeking new customers and willing to offer them an attractive welcome bonus free bet. When seeking out a sportsbook to join and bet with, it’s crucial that you do your research. 

Read reviews, chat with the customer service team, compare the odds and sports against their competitors. Don’t rush out and start betting. Take your time and find the bookie that will give you the best service. It’s also possible to open accounts at multiple online bookies.

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