Crypto Betting Guide for 2023 – Claim $8,000+ at Top Crypto Sports Betting Sites
Online crypto sports betting is hugely popular in Canada, with many advances in recent years making the experience easier and more enjoyable. The growing availability of cryptocurrencies and the number of top websites accepting them as a payment method has made it more attractive than ever for Canadians.
Betting with cryptocurrencies is safe and legal in Canada and over the course of this article we will be looking in more depth at the sports betting sites that accept crypto, the types of bonuses on offer and how to bet safely and securely using bitcoin and other cryptocurrencies.
Let’s start by taking a look at the best online sports betting sites available to Canadians that accept cryptocurrencies.
- All
50% Match Deposit Bonus Up To $1,000 (100% Using Crypto)
50% Match Deposit Bonus Up To $1,000 (100% Using Crypto)
- Huge Range of Sports Markets
- $1,000 Welcome Bonus
- Live In-Game Betting
100% Deposit Match Up To $400 + 50 Free Spins
100% Deposit Match Up To $400 + 50 Free Spins
- HD-Quality Live Streaming Services
- Huge Bitcoin Bonuses
- Wide Range of Esports
200% Up To $10,000 Welcome Package
200% Up To $10,000 Welcome Package
- Curaçao Gaming Control Board license
- VIP / High Roller Bonuses
- 35+ Sports to Bet On
Welcome Sports Bonus 100% up to C$150
Welcome Sports Bonus 100% up to C$150
- Accepts Canadian players
- Great reload bonuses
- Free bets available
350% Sports Welcome Package - First Deposit: 125% up to 1250€
350% Sports Welcome Package - First Deposit: 125% up to 1250€
- Crypto friendly
- Large welcome package
- Accepts Canadian players
100% Sports Welcome Offer Up To C$300
100% Sports Welcome Offer Up To C$300
- Above average competitive odds
- Great coverage of sports including cyber sports
- Midweek reload bonuses up to 25% on deposit
Sports Welcome Bonus 100% up to 500€
Sports Welcome Bonus 100% up to 500€
- 30+ markets
- Cash out feature
- Accepts Canadian players
100% Deposit Match up to $150
100% Deposit Match up to $150
- Growing Brand Worldwide
- Huge Range of Betting Promotions
- Fast and Secure Payments
100% Welcome Offer Up To C$150
100% Welcome Offer Up To C$150
- Collect soccer cards and trade for real money
- Weekly Bitcoin tournaments
- Virtual sports available
100% Sports Welcome Offer Up To C$150
100% Sports Welcome Offer Up To C$150
- $100 welcome bonus
- Accepts all Canadian players
- Easy deposit & withdrawal methods
200% Up To C$,1000
200% Up To C$,1000
- World's Biggest Crypto Sportsbook & Casino
- Huge Promotions & Tournaments
- Instant Pay-outs
100% of your first deposit matched with free bets up to $250!
100% of your first deposit matched with free bets up to $250!
- Free Bets, Odds Boosts and Tournaments
- Generous promotions & special offers on all major leagues (NFL, NHL, NBA etc.)
- Bet Builder available on all sports and competitions
Sports Welcome Bonus Up To C$300
Sports Welcome Bonus Up To C$300
- In-Play betting feature
- eSports focus
- Great sports promotions
Welcome offer sports 100% up to 100 EUR
Welcome offer sports 100% up to 100 EUR
- Loyal VIP program
- 24/7 Dedicated Support
- Esports section
List of the Best Crypto Betting Sites
Crypto sports betting has never been more popular. Check out our selection of the top cryptocurrency betting sites currently dominating the market. All these sites are based offshore but are totally legal and safe to use.
- Lucky Block – Best site overall for crypto betting in Canada
- Powbet – Crypto specialist with 130+ supported currencies
- 1Bet – Renowned for early betting lines
- WeltBet – Competitive odds including Esports
- Club Riches – Good range of betting strategy guides
- 31Bet– One of the first cryptocurrency betting sites
- 1Good.Bet – Good prop bet builder tools
- Rabona – Top choice for horse racing bettors
- Cobrabet – Excellent ongoing promotions and contests
- BetiBet – New sportsbook with good Racebook & Esports sections
Reviews of the Best Crypto Betting Sites
In the next section we will go through each of these offshore crypto betting sites in more detail with some mini reviews highlighting the pros and cons of each one. Our experts have gone to the effort of testing them so you don’t have to.
1. Bodog – No.1 Crypto Sports Betting Site in Canada
Bodog is an established and reputable online sportsbook that offers a variety of crypto options with two crypto deposit bonuses available to new players. Although Bodog isn’t a site that is predominantly focused on cryptocurrencies, it does accept a decent selection, including Bitcoin, Ethereum, and Litecoin. In our opinion, this is the best overall site for crypto betting in Canada. Bodog even offer an in-depth user guide for those wishing to bet using Bitcoin.
The site is particularly strong in the North American market, with football, basketball, hockey, tennis, baseball, and soccer all very well catered for. There’s good coverage of horse racing, while you can also enjoy integrated Esports live streaming. Bodog customer support features 24/7 Live Chat.
Included is Bitcoin SV, which was specifically created for micropayments, meaning you can use it to make small deposits and withdrawals on Bodog with crypto processing costs of just a few cents or less.
Crypto Fees Min Deposit Max Deposit Bitcoin (BTC) $0 $15 $5,000 Bitcoin Cash (BCH) $0 $10 $5,000 Bitcoin SV (BSV) $0 $10 $5,000 Ethereum (ETH) $0 $60 $5,000 Litecoin (LTC) $0 $10 $5,000 *Amounts do not include any mining fees incurred when transferring funds. Values are listed in approximate CAD market equivalent; however, as these can fluctuate – Litecoin (LTC) and Ethereum (ETH) deposits of less than 0.01 LTC/ETH or Bitcoin (BTC) deposits of less than 0.0002 BTC will not be honored.
Pros:
- Detailed video guides to betting with Bitcoin
- Excellent sports betting coverage
- Two crypto deposit bonuses available
- Comprehensive Racebook
- 24/7 Live Chat
Cons:
- All crypto deposits must be wagered completely
- Betting limits may deter big-money bettors
- No French language option on site
2. Stake.com – Crypto specialist with 130+ supported cryptocurrencies
Stake.com is a crypto-only casino and sportsbook service provider, with a great choice of supported cryptocurrencies. Thanks to an integration with the CoinSwitch API, customers can deposit using over 130+ cryptocurrencies.
There is an extensive selection of sports to wager on, including football, basketball, baseball, boxing, horse racing, Formula 1, golf, tennis, and MMA. In addition, there’s Esports (Counter-Strike, Dota 2, League of Legends, StarCraft and more), plus you can also bet on politics and entertainment. There is 24/7 Live Chat customer support on the site.
Crypto Fees Min Deposit Max Deposit Bitcoin (BTC) $0 $5 No limit Ethereum (ETH) $0 $5 No limit Litecoin (LTC) $0 $5 No limit Dogecoin (DOGE) $0 $5 No limit Bitcoin Cash (BCH) $0 $5 No limit Ripple (XRP) $0 $5 No limit Tron (TRX) $0 $5 No limit EOS (EOS) $0 $5 No limit Tether (USDT) $0 $5 No limit Binance Coin (BNB) $0 $5 No limit USD Coin (USDC) $0 $5 No limit ApeCoin (APE) $0 $5 No limit Binance USD (BUSD) $0 $5 No limit Dai (DAI) $0 $5 No limit Chainlink (LINK) $0 $5 No limit The Sandbox (SAND) $0 $5 No limit Shiba Inu (SHIB) $0 $5 No limit Uniswap (UNI) $0 $5 No limit Polygon (MATIC) $0 $5 No limit *Amounts do not include any mining fees incurred when transferring funds.
Pros:
- Caters for an extensive range of cryptocurrencies
- Excellent sports coverage and market depth
- Good Esports coverage
- 24/7 Customer Support
Cons:
- Doesn’t accept fiat currency deposits
- Not the most competitive betting odds
- Welcome Bonus for new customers could be more generous
3. BetOnline – Leading online crypto site for early betting lines
BetOnline is a well-established sportsbook with over 20 years of experience. At BetOnline you can deposit and withdraw quickly and easily with Bitcoin. Among other deposit options, they also accept Ethereum and Litecoin. There is also a Bitcoin bonus, a reload bonus, and other crypto promotions.
BetOnline has an extensive sportsbook with a wide variety of sports to bet on, including all the major North American sports. There is also a vast array of live betting available. BetOnline is renowned for going up with early lines on many sporting events.
Crypto Fees Min Deposit Max Deposit Bitcoin (BTC) $0 $20 $500,000 Ethereum (ETH) $0 $20 $100,000 Litecoin (LTC) $0 $20 $100,000 ApeCoin (APE) $0 $20 $100,000 Avalanche (AVAX) $0 $20 $100,000 Binance Coin (BNB) $0 $20 $100,000 Bitcoin Cash (BCH) $0 $20 $100,000 Cardano (ADA) $0 $20 $100,000 Chainlink (LINK) $0 $300 $100,000 Dogecoin (DOGE) $0 $20 $100,000 Polygon (MATIC) $0 $20 $100,000 Ripple (XRP) $0 $20 $100,000 Shiba Inu (SHIB) $0 $20 $100,000 Solana (SOL) $0 $20 $100,000 Stellar (XLM) $0 $20 $100,000 Tether (USDT) $0 $300 $100,000 Tron (TRX) $0 $20 $100,000 USD Coin (USDC) $0 $300 $100,000 Pros:
- Vastly experienced online sportsbook
- Bitcoin specific bonuses
- Good variety of sports betting options
- 24/7 Customer Support
Cons:
- Deposit limits on new players
- Some bonuses have high rollover requirements
4. XBet – Competitive odds including Horse Racing & Esports
The XBet sportsbook has a wide range of payment and withdrawal options including Bitcoin. There are promo offers available for both new and existing customers.
XBet is a sister site of MyBookie, so there are definite similarities between the two sites. The XBet sportsbook covers numerous sports and has excellent market depth, with very competitive odds. Horse racing bettors have an extensive Racebook and there is also Esports on offer.
Crypto Fees Min Deposit Max Deposit Bitcoin (BTC) $0 $45 $10,000 Pros:
- Good choice of payment & withdrawal options
- Extensive sportsbook & Racebook
- Very competitive betting odds
- Customer support can be accessed 24/7
Cons:
- No mobile betting app
- No live betting
5. MyBookie – Good range of betting strategy guides
MyBookie accepts various cryptocurrency deposits, including Bitcoin, Litecoin, Bitcoin Cash and Ethereum. Additionally, there are a good number of bonuses and promotions for both new and existing customers.
The MyBookie sportsbook features a wide selection of sports and considerable depth in many of their betting markets. The MyBookie site is also a fantastic resource for betting strategy guides related to the major US and other sports. Customer support is available via Live Chat, phone and email.
Crypto Fees Min Deposit Max Deposit Bitcoin (BTC) $0 $20 No limit Bitcoin Cash (BCH) $0 $20 No limit Litecoin (LTC) $0 $20 No limit Ethereum (ETH) $0 $20 No limit * You can deposit less than $20 but it will incur a $5 fee.
Pros:
- Extensive choice of payment options, including cryptocurrencies
- Significant sports coverage with good market depth
- Variety of bonuses for new and existing customers
- Betting strategy guides
Cons:
- High rollover requirements on some bonuses
- High withdrawal fees for some payout options
6. Everygame – One of the first cryptocurrency betting sites
The Everygame sportsbook features a good choice of sports, with hockey being very prominent. Betting odds at Everygame are very competitive, and the site is very user-friendly which makes it easy to place your bets. Customer support is on offer 24/7 via Live Chat.
Crypto Fees Min Deposit Max Deposit Bitcoin (BTC) $0 $25 $2,500 Bitcoin Cash (BCH) $0 $25 $2,500 Litecoin (LTC) $0 $25 $2,500 Pros:
- Good choice of banking options
- Promos available for new & existing customers
- 24/7 customer support via Live Chat
- Excellent hockey coverage
Cons:
- No live streaming
- High withdrawal fees for some methods
7. BetNow – Build your own prop bets
BetNow doesn’t have the biggest choice of crypto options, but Bitcoin and Bitcoin Cash are available. In addition to a selection of sign-up bonuses, BetNow also offer reload bonuses and a Refer-a-Friend bonus.
The BetNow sportsbook has extensive coverage of all the major North American sports, plus the site also has a prop bet builder called “Build your Own”, that gives customers the ability to create and customize their own custom prop bets. There is 24/7 customer support, including Live Chat.
Crypto Fees Min Deposit Max Deposit Bitcoin (BTC) $0 $10 $40,000 Bitcoin Cash (BCH) $0 $10 $40,000 Litecoin (LTC) $0 $10 $40,000 Pros:
- Good range of bonuses for new and existing customers
- Excellent North American sports coverage
- User interface enables easy site navigation
- 24/7 Customer Support
Cons:
- Limited number of cryptocurrency options
- The online casino is somewhat limited
8. BUSR – Top choice for horse racing bettors
When it comes to cryptocurrencies, BUSR offers customers the option of Bitcoin, Bitcoin Cash, Ethereum and Litecoin. For every credit card crypto deposit you make, they will add 10% of the deposited amount to your Crypto Rewards balance. They offer a number of promos and bonuses generally, but even more to those making deposits with crypto.
BUSR provides superb coverage of the major North American sports, with good market depth and very competitive odds. There is also an impressive Racebook, as one would expect from a betting site that started life as the BetUS Racebook. Customer support is on offer 24/7 via Live Chat.
Crypto Fees Min Deposit Max Deposit Bitcoin (BTC) $0 $20 No limit Bitcoin Cash (BCH) $0 $20 No limit Ethereum (ETH) $0 $20 No limit Litecoin (LTC) $0 $20 No limit Pros:
- Wide variety of crypto promos and bonuses
- Impressive Racebook
- Great North American sports coverage
- Quick payout times
Cons:
- No live streaming
- A fairly limited choice of sports
9. SportsBetting.ag – Excellent ongoing promotions and contests
SportsBetting.ag has a good choice of cryptocurrency options for deposits and withdrawals, with Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Ripple and many more on offer. In addition to a Welcome Bonus, there are ongoing promos on offer to existing customers too.
SportsBetting.ag was taken over by the BetOnline group a decade ago and has improved significantly since then. They cover a wide range of sports, and also offer plenty of live betting, parlays and teasers. SportsBetting.ag has 24/7 Customer Support via phone, email and live chat.
Crypto Fees Min Deposit Max Deposit Bitcoin (BTC) $0 $20 $25,000 Bitcoin Cash (BCH) $0 $20 $25,000 Litecoin (LTC) $0 $20 $25,000 Ethereum (ETH) $0 $20 $25,000 Tether (USDT) $0 $20 $25,000 Stellar (XLM) $0 $20 $25,000 Solana (SOL) $0 $20 $25,000 Avalanche (AVAX) $0 $20 $25,000 Ripple (XRP) $0 $20 $25,000 Chainlink (LINK) $0 $20 $25,000 Polygon (MATIC) $0 $20 $25,000 Cardano (ADA) $0 $20 $25,000 Binance Coin (BNB) $0 $20 $25,000 Tron (TRX) $0 $20 $25,000 Shiba Inu (SHIB) $0 $20 $25,000 ApeCoin (APE) $0 $20 $25,000 DogeCoin (DOGE) $0 $20 $25,000 Pros:
- Decent range of sports
- Very competitive betting odds
- Good choice of crypto payment methods
- 24/7 customer support
Cons:
- Fees occur with many payout options
- Fees for payouts change depending on amount withdrawn
10. PowBet – New sportsbook with good Racebook & Esports
PowBet is a new online sportsbook that has a good number of options for cryptocurrency deposits and withdrawals, with Bitcoin, Ethereum, Litecoin and Ripple among those available. There are also plenty of promos and bonuses on offer.
There’s an impressive range of sports available, including live betting options. There is also a separate Racebook for horse racing, proving their focus on the sport. Those that want to bet on Esports are also well catered for.
Crypto Fees Min Deposit Max Deposit Bitcoin (BTC) $0 $20 $10,000 Ethereum (ETH) $0 $20 $10,000 Litecoin (LTC) $0 $20 $10,000 Ripple (XRP) $0 $20 $10,000 Bitcoin Cash (BCH) $0 $20 $10,000 Tether (USDT) $0 $20 $10,000 Pros:
- Good choice of crypto deposit options
- Excellent Esports coverage
- Separate Racebook for horse racing bettors
- Ongoing promos and bonuses available
Cons:
- Customer Support via Live chat is currently only available via third-party support by LiveAgent
- Betting odds could be more competitive
- Site loading speed not yet 100% reliable on desktop
FAQs about Crypto Sports Betting
What is crypto betting?
Is crypto betting legal in Canada?
Can you bet with crypto?
What is the best crypto betting site?
What crypto wallet can I use for betting?
Is it safe to place sports bets with crypto?
How do I buy crypto for online betting?
Comparison of the Best Crypto Betting Sites
Most of the best crypto betting sites share features like offering a huge selection of betting lines and special crypto betting bonuses. Depending on your needs, you’ll want to find a crypto sportsbook that suits you. To help you with this, we’ve put together a table of the best cryptocurrency betting sites, highlighting their individual advantages and crypto bonuses.
Sportsbook Crypto Bonus Bonus Code Sports to bet on Crypto Deposits Accepted Crypto Withdrawals Available Bodog 100% match bonus up to $300 INSIDERS 30+ Bitcoin, Bitcoin Cash, Bitcoin SV, Ethereum, Litecoin Bitcoin, Bitcoin Cash, Bitcoin SV, Ethereum, Litecoin Stake.com 200% matched deposit bonus of up to $1,000 INSIDERS 40+ Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Dogecoin, Ripple, Tron, EOS, Tether, Binance Coin, USD Coin, ApeCoin, Binance USD, Dai, Chainlink, The Sandbox, Shiba Inu, Uniswap, Polygon Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Dogecoin, Ripple, Tron, EOS, Tether, Binance Coin, USD Coin, ApeCoin, Binance USD, Dai, Chainlink, The Sandbox, Shiba Inu, Uniswap, Polygon BetOnline 100% first deposit bonus up to $1,000 INSIDERS 50+ Bitcoin, Ethereum, Litecoin, ApeCoin, Avalanche, Binance Coin, Bitcoin Cash, Cardano, Chainlink, Dogecoin, Polygon, Ripple, Shiba Inu, Solana, Stellar, Tether, Tron, USD Coin Bitcoin, Dogecoin, Binance, ApeCoin, Avalanche, Cardano, Chainlink XBet 50% deposit bonus up to $500 INSIDERS 40+ Bitcoin Bitcoin MyBookie 50% deposit bonus up to $1,000 INSIDERS 30+ Bitcoin, Bitcoin Cash, Ethereum, Litecoin Bitcoin EveryGame 100% bonus up to $250 on first three deposits INSIDERS 40+ Bitcoin, Bitcoin Cash, Litecoin Bitcoin, Bitcoin Cash, Litecoin BetNow Up to 150% Welcome Bonus to $500 max
INSIDERS 13+ Bitcoin, Bitcoin Cash, Litecoin Bitcoin, Bitcoin Cash, Litecoin BUSR $2,500 Welcome Bonus INSIDERS 30+ Bitcoin, Bitcoin Cash, Ethereum, Litecoin Bitcoin SportsBetting,ag 100% match bonus up to $1,000 INSIDERS 30+ Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Tether, Stellar, Solana, Avalanche, Ripple, Chainlink, Polygon, Cardano, Binance Coin, Tron, Shiba Inu, ApeCoin, DogeCoin Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Ripple, Stellar PowBet 100% bonus up to $150 INSIDERS 30+ Bitcoin, Bitcoin Cash, Bitcoin SV, Ethereum, Litecoin Bitcoin, Bitcoin Cash, Bitcoin SV, Ethereum, Litecoin Our Criteria for Choosing a Top Crypto Betting Site
Our team of experts does a lot of research on each sportsbook in this guide to ensure you get an unbiased review. When ranking and reviewing this sites, there are some very important things our reviewers look at. Here are the most important things we look at when we rank the best crypto sportsbooks.
Crypto Payment Options
This is absolutely essential for any major crypto betting site. To make our list they’ll need to accept more than one type of cryptocurrency. New age customers want more choices, which makes doing business more flexible.
Crypto Bonuses & Promotions
Bonuses and promotions for crypto are also important parts of how we rank the crypto sportsbooks available in Canada. We explain all the big promotions and tell you which betting site has the best welcome bonus for new players so you don’t have to look it up.
Choice of Sports & Bets
We would expect any good online sportsbook worthy of the name to provide a decent selection of betting markets for the major Canadian and US sports, but many bettors want a greater depth in sports coverage and an extensive selection of parlays and teasers on their favorite sports.
Safety & Security
Safety & security are of paramount importance when choosing an online sportsbook, so we only recommend legit offshore sites we know and trust.
Customer Support
The best crypto betting sites such as the ones on our top list will offer 24/7 customer support, with live chat being the favored method for many. Some also offer phone and email customer support too, which provides everything any customer should require to solve an issue quickly and efficiently.
Is it Legal to Bet with Crypto in Canada?
As with betting with fiat currencies, cryptocurrency betting is safe and legal in Canada. In fact, unlike some payment methods, crypto also has the benefit of being the fastest way to get money to and from an online sportsbook and typically comes with no processing costs.
Cryptocurrencies are widely accepted when depositing funds with online sportsbooks but, whether using crypto or fiat currency, always ensure that you read the specific rules of the sportsbook you intend to bet with before making any transactions.
All the offshore sportsbooks we recommend are all legal to bet with using crypto and you can use one or more cryptocurrencies at each of them.
Is it Safe to use Crypto at Betting Sites?
One of the biggest reasons for using cryptocurrencies at betting sites is that they are regarded as being safe, secure and swift.
You will still have to register at an online sportsbook when opening a new account and depositing with cryptocurrency from your wallet, so there is added security there.
It is worth taking into account that crypto is exactly what it says – a currency. The value of your crypto is always vulnerable to changing market conditions, as is the case with any fiat currency.
How to Use Crypto for Sports Betting
In this section, we’ll show you a simple, step-by-step way to start betting at a crypto sportsbook right away. As an example, we’ll use Bodog, which is our top crypto sportsbook, to show you how things work.
Step 1 – Get a Crypto Wallet
The first thing you need to do is set up a crypto wallet or account where you can freely trade fiat currency for cryptocurrency. It is suggested that you use Bitcoin because it is the most common and easy to move around, but you can choose a different currency if you wish. We recommend eToro.
Step 2 – Convert Your Money to Cryptocurrency
Once you’ve found a wallet and an exchange that you like, you’ll need to use fiat money to buy cryptocurrency. Basically, you take USD and turn it into crypto, which could be Bitcoin, Ethereum, Bitcoin Cash, Dogecoin, or something else.
Step 3 – Join A Crypto Betting Site
Once you have set up your cryptocurrency exchange and wallet, you will be ready to sign up for an online sportsbook. Click “Join” on the Bodog home page. This is where you’ll enter your own information to make a betting account.
Step 5 – Transfer Crypto to Your Bodog Account
Once you’ve confirmed your sportsbook account, you can go to the cashier to add crypto to it. To do this, click “Deposit.” Next, choose the cryptocurrency you have, like Bitcoin. Type in the amount you want to send. Then, you’ll need to copy the wallet address from Bodog.
Next, take the wallet address to your exchange or personal wallet and look for the send or transfer screen. When asked, enter the address of your Bodog wallet and the amount of crypto you want to send to Bodog. Note that if you want to get crypto bonuses, you should enter any Bodog promo codes at this step to make sure you get them.
Step 6 – Wait for Funds to Arrive
After you do this, you’ll have to wait a few minutes for the money to show up in your BetOnline account. This usually takes about 10 minutes, but it can take up to an hour.
Step 7 – Start Betting
When your crypto money arrives, you’ll be able to start choosing odds and betting lines that you like. Go to the sportsbook page, find a game or betting line, click on it, and then fill out the bet slip with the amount you want to bet. Then, confirm. it with Bodog. After that, all you can do is wait. If you win your bet(s), your original bet amount plus your winnings will be added into your account automatically after the bet is settled.
How to Withdraw Crypto from Sports Betting Sites
When you’re ready to get money out of your Bodog account, you’ll need to go to the cashier. Here, click “Withdraw” and choose the cryptocurrency you want to use. Next, you will be given the option to enter an address for your wallet. This address must come from your personal cryptocurrency wallet or exchange account and match the cryptocurrency you chose in Bodog.
Paste the address of your wallet into Bodog, confirm the amount you want to withdraw, and you’re done. You’ll just have to wait anywhere from a few minutes to a few days for the money to show up in your personal cryptocurrency wallet.
Once the funds reach your crypto wallet you can leave them there for future use or you can withdraw them to your normal bank account in fiat currency such as US Dollars.
Crypto Payment Method Options for Sports Betting
Next we’ll look at some of the most popular crypto payment methods accepted at sports betting sites.
Bitcoin (BTC)
Bitcoin (BTC) is by far the most common cryptocurrency used in sportsbooks and betting apps. Bitcoin is widely available in most, if not all, digital wallets and exchanges, and every crypto betting site will accept it.
Ethereum (ETH)
Ethereum is a powerful computer platform with its own cryptocurrency (ETH). ETH, the world’s second-strongest digital currency, is expected to rise in price as the need for computer power grows. Since ETH has more computer power than BTC, it makes a terrific investment and is typically easier to transfer across wallets, especially those on gambling websites.
All big crypto gambling sites encourage you to use Ethereum so you can take advantage of this boom by betting with ETH and reserving some of your winnings to invest later.
Litecoin (LTC)
Another common way to pay at online sportsbooks is with Litecoin. It’s based on Bitcoin but runs a different mining algorithm, so you will usually find both of them at the same betting sites, wallets, and exchanges. As the name suggests, Litecoin has lower mining fees than Bitcoin.
Dogecoin (DOGE)
A growing number of betting sites now accept Dogecoin and other lesser-known cryptocurrencies. This is due to the fact that these smaller currencies are traded more frequently and can also be purchased with fiat money. Their availability will depend on the betting site.
Crypto Betting – Popular Sports to Bet on
Betting on sports with crypto is the same as betting with regular money. You will still have access to the same betting lines, odds and sports leagues. Here are a few of the most popular sports in crypto sportsbooks.
NBA Betting with Crypto
Bets on NBA basketball games, including those for the preseason, regular season, and postseason, can be placed through our recommended online cryptocurrency sportsbooks. There are many types of NBA bets the main ones being moneyline bets, spread bets, over/under bets, futures and props. Bodog and MyBookie are good choices as they have NBA prop builder tools which allow you to create your very own custom prop bets.
NFL Betting with Crypto
The most popular sport in America is football. Therefore, whether you want to wager on the NFL (National Football League), where the pros compete, or the NCAAF (National Collegiate Athletic Association Football), where college teams compete, the leading crypto sportsbooks will have you fully covered.
Point spreads, moneylines, totals, team and player prop bets (such as who will score the first touchdown), and other bets and props are available. BetOnline and MyBookie are two of best crypto sites for NFL betting.
NHL Betting with Crypto
All our recommended crypto betting sites accept bets on the NHL. To get started head to the sportsbooks NHL betting lines and add your selections on the betting slip. Then you can proceed to the cashier and bet using Bitcoin or other crypto coins. Bet types include puck line bets, moneyline bets, totals, futures, and many others.
MLB Betting with Crypto
When it comes to betting on Major League Baseball (MLB) betting, you will find run line odds, moneyline odds, totals odds, futures, prop bets and a variety of other types of baseball bets available throughout the season.
NCAA Football Betting with Crypto
Another popular sport on crypto betting sites is NCAA football. Every week, there are a lot of betting lines for both major conferences and the smaller ones. As with NFL there are many different types of bets available like moneyline, spread bets, totals. NCAA futures odds are also available all year round.
NCAA Basketball Betting with Crypto
In addition to NCAAF, the full NCAA basketball season is also available for wagering using crypto. The regular season and the popular March Madness tournament are included. Bet types including spreads, totals, moneyline and futures meaning you can bet on the outright winners of tournaments.
Horse Racing Betting with Crypto
Betting on horse races is another popular sport that should not be overlooked. You can use cryptocurrencies to place bets on dedicated Racebooks at the majority of the betting sites that we suggest. Bet types include win, place, show, Exacta, Quinella, Trifecta, Superfecta and Super High 5.
UFC Betting with Crypto
Bets can be placed on every UFC Fight Night, pay-per-view event, and other international UFC events that takes place during the year. There are a variety of bet types available, but the most common ones include moneyline odds, round betting, method of victory, total round odds (over / under) and UFC prop bets.
Soccer Betting with Crypto
All of the best cryptocurrency betting sites include betting options for soccer, including both the Major League Soccer (MLS) and various international leagues. Additionally, odds will be provided for major competitions like the World Cup and the Olympics. Betting markets will be plentiful including outright winner, match odds, handicap markets, correct score, first goalscorer and many more.
DFS Betting with Crypto
It’s possible to find sportsbooks that provide daily fantasy sports games (DFS), although it’s not to common. Daily fantasy sports betting can typically be found on dedicated fantasy sports apps.
Other Sports Betting Options
Finally you will also be able to find odds for other major sports, such as tennis, golf, boxing, cricket, volleyball and a variety of others. You can place bets on all these sports events via crypto betting sites regardless of where they are taking place.
Popular Crypto Betting Markets
As you can see from the above section, there are many different types of bets that can be made on crypto betting sites. Below, we have listed the most common ones you’ll find at online sportsbooks with an explanation of the bet.
Moneyline
A moneyline wager is one in which you back the winner of a game outright, regardless of how they win or by how much. It is simply predicting who will win and usually includes any required overtime.
Spread
The point spread markets are very popular especially in games with a strong favorite. By using a virtual points handicap (or spread) set by the oddsmakers it makes the betting on the favourite or the underdog more even. You can either bet that the favorite wins by more than the spread or the underdogs win or lose by less than the spread amount.
For example, say you bet the favorite on a -3 spread, you have to deduct 3 imaginary points from that team at the end of the game. When those points are taken away, if the favorite is still ahead, then they cover the spread and your bet wins. If not, then the underdog has ‘won with the spread’ and your bet loses.
Totals
Totals, also known as “over/under” are bets on whether a certain outcome will be more or less than the total number set by the oddsmakers. This usually means the total score or points, but it can be different for each sport. For example in UFC you can bet on the total rounds and in soccer you can even bet on the number of corner kicks.
Props
Prop bets are when you bet on a specific outcome of a game that is not necessarily related to the final outcome. For example, a certain quarterback will throw at least two touchdowns. They don’t have to do with who will win or lose the game.
Futures
Futures refer to long term bets on things that will happen in the future such as who will win the World Series, the Super Bowl or who will be the next Canadian president. Depending on the sport, there may also be other futures available for division or conference winners and player awards for example.
Parlays
A parlay, often referred to as a combo or combination bet, consists of two or more separate wagers bundled into a single stake. Your potential payout rises the more selections you add but all the individual wagers must win for the parlay to be successful. The entire parlay bet is considered a loss if just one of the wager loses.
Live betting
Live betting refers to ‘in-play’ betting on events that are currently taking place. As the game or fight unfolds, the sportsbooks will update the odds in real time depending on what is happening in the game and allow you to continue bet on the event live.
The live odds can change very quickly as the game goes on but they will sometimes become temporarily unavailable or suspended during key events such as turnovers. Live betting also allows bettors to adjust their current positions, lock in a profit or minimize a loss.
Other Betting Options for Crypto
It’s not just sports, the top crypto betting sites accept bets on entertainment, politics, financial markets and other things that aren’t sports. Here’s a quick rundown of some of the other specials betting markets you will find on most good crypto sportsbooks.
Entertainment Crypto Betting
Sometimes sportsbooks will post odds for big entertainment events or award shows like the Oscars, the Grammys, or other awards in the entertainment world.
You can also find odds on reality tv / talent shows, top movie of the year (by box office revenues) and even on things like who will be the next James Bond.
Politics Crypto Betting
Betting on political outcomes is also possible and, as you can imagine, is extremely popular during election season. The majority of politics betting odds will be on events pertaining to the United States but the best sportsbooks will also have odds on worldwide politics.
Popular political betting markets include who will be the next US president or next winning party / party leader as well as odds on who will win the primaries and other major national elections. You can find also get odds on next mayor of New York and other US states.
Bonuses Available at Crypto Betting Sites
The types of bonuses available when you deposit with a cryptocurrency are basically the same as when depositing with a debit or credit card (or various other means). In many instances, the bonuses with crypto are actually more generous than they are when depositing with other forms of currency.
There are various forms of bonuses available, such as Welcome Deposit Bonuses, Match Deposit Bonuses, No Deposit Bonuses and Free Bets.
Welcome Deposit Bonuses
Welcome Deposit Bonuses are the most common bonus a sportsbook offers a new customer. They can vary markedly in value, but all work in a very similar way. Once you make your first crypto deposit, the sportsbook in question might increase it by perhaps 50%, 100% or possibly even 200% (it will vary from sportsbook to sportsbook).
So, for example, if you make an initial deposit of C$50 and get a 100% Welcome Deposit Bonus, that would give you a total of C$100 to bet with. There may be certain wagering requirements, whereby you will need to rollover your bonus a certain number of times, and you will usually be given a timescale and minimum odds at which you need to place any bonus bets.
Matched Deposit Bonuses
A matched deposit bonus is essentially the same as a welcome deposit bonus, in that the sportsbook will match your deposit up to a specified percentage. This is one of the most popular bonuses sportsbooks offer and is also known as a reload bonus.
No Deposit Bonuses
A no deposit bonus is very difficult to come by and is increasingly rare these days. With a no deposit bonus, you are not required to deposit any funds to get a bonus. You will still be required to register an account and provide your details though, and there will probably be a high wagering requirement before you can make any withdrawals.
Free Bets
There are many variations of a Free Bet Bonus, but it might typically consist of betting a certain amount (there will usually be a relatively low maximum stake of perhaps C$10) on a specific sporting event. Should your initial bet lose, the sportsbook will then compensate you with a Free Bet Bonus of equal value.
Tips & Strategies for Sports Betting with Crypto
There are certain tips and strategies you can use for increasing your chances of winning money when sports betting with crypto.
- Stay Safe – Only bet with legal, safe, secure and trustworthy sportsbooks, such as those we recommend here
- Manage your bankroll – There are various ways to do this, but never staking more than a small percentage (e.g. 3%) of your overall betting bank on any single bet is a good option
- Only bet what you can afford to lose – Never use money that you need for day-to-day living expenditure
- Do your research – Only bet on sports and markets that you are familiar with and have thoroughly researched
- Find the best odds – Always look to bet at the best available odds. It makes sense to have several different sportsbook accounts to ensure that you get the best odds out there wherever possible. Ideally, you want to find an edge over the sportsbook
Advantages of Crypto Betting Sites
There are a number of advantages of betting using crypto at sports betting sites:
- Bigger bonuses – There are often bigger bonuses available for those using crypto
- No rejected payments – Unlike with other deposit methods, there is no chance of a crypto deposit being rejected
- Secure & Anonymous – Crypto is highly secure and allows a degree of anonymity
- No fees – You won’t be charged a fee when making withdrawals at many online sportsbooks when using crypto
- Speed – Deposits and withdrawals can often be almost instantaneous when using crypto
What are the Best Crypto eWallets for Sports Betting?
There are a number crypto eWallets available when it comes to sports betting:
- eToro – eToro is available for a number of cryptocurrencies. Transactions with eToro are swift and their fees are clear and transparent
- Coinbase – Coinbase is another eWallet that offers a variety of cryptocurrencies on their exchange. It’s also very quick to transfer your crypto to sportsbooks from Coinbase
- Cash App – Cash App is a great option for Bitcoin, as it offers free and instant transfers after any Bitcoin purchase
Online Crypto Betting dApps
Advances in technology have seen the release of a number of gambling products that include blockchain decentralized applications (dApps).
What are Crypto Betting dApps?
Most gambling dApps are open-sourced and built on a decentralized peer-to-peer blockchain network system. These are designed to work without a third-party intermediary. They do so by using hard-coded, self-executing smart contracts to automatically execute platform functions.
Crypto betting dApps enable the user to deposit their chosen cryptocurrency using their own Web3 wallet (a digital wallet that can be used to store digital assets).
On-chain gambling dApps do not require registration or sign-in, making them very convenient for users. With off-chain blockchain gambling, it is centralized but it uses cryptocurrency to play.
The Best Crypto Betting dApps
When it comes to the best crypto betting dApps there are several options. These are the top crypto betting dApps that we recommend:
- SportX – SportX is an Ethereum-based dApp. SportX is a sports betting exchange where users bet against each other, with the odds set by users themselves
- Degens – Degens is a peer-to-peer sports betting exchange built on the Ethereum network, using smart contracts and using the DAI stablecoin. Degen’s fees on winning bets are just 0.5%
- SportsBet – SportBet is a sports-betting platform built on the EOS blockchain. SportsBet gives users anonymous, transparent betting, with instant payouts to their EOS wallets
- BETRBet – BETRBet is a peer-to-peer dApp sportsbook that offers instant payouts, the most competitive odds and no restrictions on number or size of bets
- BETTA – BETTA comes with no sign-ups, no accounts, no deposits, no unnecessary tokens. You bet Ethereum and win Ethereum
Crypto Sports Betting Glossary
Crypto gambling is relatively new and can be confusing for beginners. This glossary will explain some of the most common terms and jargon associated with crypto sports betting.
Bitcoin – The most well-known of all the digital currencies which are all designed to act as money and a form of payment outside the control of any one person and are free of any central control or the oversight of banks or governments
Blockchain – Blockchain technology is a system in which a record of digital transactions made using Bitcoin or another cryptocurrency are preserved among a number of computers that are linked in a peer-to-peer network.
dApp – A dApp is a decentralized application which includes those used for online gambling. DApps are built on a decentralized network that is supported by a blockchain distributed ledger.
eWallet – Crypto eWallets such as eToro store all your private keys / passwords which prove ownership of your crypto funds and keep them safe and accessible. They also allow you to send, receive, and spend cryptocurrencies like Bitcoin and Ethereum.
Mining fees – Mining fees pay for the computing power that a cryptocurrency network needs to verify a transaction. Mining fees are given to the miner, or computer, that does the work to verify the next block of transactions added to the blockchain.
The Best Crypto Betting Site for Canada
There are some excellent crypto-friendly betting sites out there for Canadian bettors, with Bodog being our top choice. Bodog is a great all-round sportsbook and offers bettors a good range of crypto options for funding their accounts, with some decent bonuses available.
Bodog provide bettors with a very detailed Bitcoin betting guide, and has an excellent sportsbook, Racebook and integrated eSports live streaming. In addition, Bodog customer support features 24/7 Live Chat.
An industry veteran with over 30 years experience in the betting and gaming, both as bookmaker and punter. Darren previously worked for Ladbrokes and the Racing Post in London before becoming a freelance writer from 2015. Darren enjoys a range of sports, his favourites being Formula 1, football / soccer, horse racing, NFL and the specials betting markets. When not watching or betting on sports, he enjoys live music and yoga. Namaste!
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