How to bet on sports with Bitcoin
Bitcoin Makes for Better Betting
Betting on NCAAF games is easy to do online. All you need to do is find a Sportsbook to play with. A sportsbook functions as the platform where all betting is done. Next, you just need to pick the types of bets you want to make based on the odds.
There are a few different betting styles, each of which offers its own advantages and disadvantages. These should all be available on any major sportsbook:
Moneyline: A moneyline bet is the simplest kind of bet you can make. Betting moneyline just means you are picking which team will win the game. It is done on a per-game basis.
- Parlay: Parlay is for people who think they know what the outcome will be for multiple different games. To do this, you pick multiple games and choose a winner for each game. All of the games will go on your ticket, but in order to get a payout, every team on your ticket has to win.
- Props: This type of betting is fun for a lot of people. You pick certain players and bet on whether they will make certain achievements in a game, such as a quarterback completing a specific number of passes or a player running the ball a certain number of yards.
- Over/Under: Betting over or under is something you can do after you see the anticipated total number of points that the sportsbook posts for a game. If you think the point total will be lower or higher than what the sportsbook has posted, you can take an under or over bet.
Betting with Bitcoin
One method that is growing in popularity is Bitcoin betting. If you want to get started, it is a good idea to first get a general knowledge of Bitcoin and how it works, and set up your Bitcoin wallet. If you already have a Bitcoin wallet set up, then you’re halfway there.
The first step is to find a sportsbook that allows Bitcoin betting. We will cover some of the best options below. Once you have registered an account on your sportsbook of choice, all you need to do is transfer to that account from your Bitcoin wallet. Once you have some Bitcoin in your sportsbook account, you can start using it to place bets.
Placing a bet is easy, as it is just like betting with regular currency. Just follow the instructions on the betting site. Once you have a good amount of winnings, you can withdraw them by sending them back to your Bitcoin wallet by entering your wallet’s address.
You may be wondering why you would want to bet with Bitcoin instead of with regular currency. One advantage a lot of bettors find is that it allows for rapid withdrawals and deposits with no waiting times. Bitcoin transactions also offer a degree of anonymity since your Bitcoin wallet is not attached to a name, but just to a unique address. You won’t face the same betting limits as you would face using cash, and it is a great way to put your extra Bitcoin to good use.
Where to Bet on the NCAA Football with Bitcoin
There are a number of sportsbooks that allow betting in Bitcoin. A few good ones that we recommend are Betcoin, Nitrogen, and Cloudbet. Betcoin has good odds, and is especially preferable for bettors who want a very high limit. Nitrogen offers full anonymity with the added bonus that it has some of the best odds of any site. Cloudbet has a loyalty program and offers a bonus to you when you make your first deposit.
Is it legal to bet on NCAAF games?
While it is currently legal to bet on games, the NCAAF is trying to get laws passed that would make it illegal. For now, you are safe if betting in the U.S.
How does betting on the point spread work?
Betting on the point spread is similar to a moneyline, as point spread is investing in the outcome of one particular game. But rather than just choosing who will win or lose, you also choose how many points a given team will win or lose by.
What are futures bets?
Betting futures is looking farther ahead than one game at a time. One example of this kind of betting would be investing in a team winning their season. While it may not always be easy to predict due to unforeseeable events like player injuries, a successful futures bet can result in a very good payout.
How are NCAAF odds determined?
The bookmakers look at player performance, team performance, schedule and other factors to determine a team’s “power ranking.” This ranking is considered along with additional factors such as injury reports to come up with odds that seem attractive on both sides.