Learn how to bet on esports with BTC
If you love tennis, you probably already like to place some friendly wagers on your favorite players or major events such as Wimbledon. Did you know that you can now bet on tennis with Bitcoin? It’s true! Bitcoin tennis betting is available at many Bitcoin sportsbooks and online casinos around the world.
Learn more about how you can bet on tennis with bitcoin, including why you should use Bitcoin to bet on tennis. You will also learn about the types of bets you can make.
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Why Bet on Tennis With Bitcoin?
Once the first Bitcoin betting sites started to emerge, it wasn’t long before sports betting followed. This opened the door for tennis fans to start betting on their favorite players and major tennis events worldwide.
So the big question is why one would be on tennis using Bitcoin instead of fiat currency such as USD? Let’s look at some of those reasons:
Security – Bitcoin tennis betting is much more secure than betting with fiat currency. First, when you deposit using Bitcoin, your funds are transmitted through a blockchain. This is an unhackable protocol that keeps your data safe and your funds secure.
Decentralized – Bitcoin and other cryptocurrencies are decentralized, meaning that they are not controlled by the government or banking institutions. You aren’t limited to how or when you spend your money, allowing you greater freedom. It also means you will have fewer problems depositing onto online sportsbooks or tennis betting sites.
Faster Payouts – With fiat currencies, it can take days or even weeks to cash out. With Bitcoin, you will receive your money within minutes of submitting your withdrawal request. Even if the request is processed manually, you will generally have your funds within 24 hours. Fiat payouts take anywhere from 72 hours to 2 weeks.
How to Bet on Tennis Using Bitcoin
It is important to go over the basics of acquiring Bitcoin if you’re new to bitcoin tennis betting. Check out our page on how to buy Bitcoin to get started. After purchasing some Bitcoin, you will need to pick a Bitcoin sportsbook or online casino.
Once you sign up at your site, you will then need to deposit with Bitcoin. Afterward, you can then bet Bitcoin on tennis matches. It is important to know the difference between Bitcoin sportsbooks and Bitcoin-friendly sportsbooks before you place your first bet.
Bitcoin sportsbooks are ones that allow you to deposit and play using Bitcoin. Tennis Bitcoin betting is generally done using satoshis or mBTC. For example, if you want to bet $50 on Roger Federer to advance to the semifinals of the French Open, you would calculate the amount of mBTC equal to $50 and place your bet.
Bitcoin-friendly sportsbooks work a bit differently. With those, you will make a deposit using Bitcoin, but then your Bitcoin is converted to fiat. You will then use fiat currency to make bets.
Types of Tennis Bets Available
Every sportsbook that offers Bitcoin tennis betting will offer action on all major tennis tours. You will be able to be on the ATP, WTA, and the ITF. Grand Slam events such as the Australian Open or Wimbledon. Generally, you will be able to bet on events weeks or even months ahead of time with expanded betting commencing once the events begin.
Below are some of the most common bets you will be able to make on bitcoin sports betting sites:
Winning Bets – These bets allow you to bet on winners of each match of a tournament. Set betting is also available where you can be on which player will win each individual set.
Over-Sub Bets – Over-sub bets are also common at Bitcoin tennis betting sites. Some sites may refer to these as prop bets. You can bet on various outcomes in a match, such as the number of games played, the number of games in a set, or even more exotic bets such as the number of double-faults in a match.
Handicap Bets – Handicap bets are a way to keep matches interesting between unevenly skilled opponents. You’re betting on who will win the most games during a match, but there is a catch. The lesser skilled player will have a handicap. Let’s say that Rafael Nadal is playing a 16-year-old who is playing his first event. The 16-year-old would be given a handicap of +5 games.
If the final score is 6-4, 4-6, 6-3, 3-6, 6-3, the total games won is 25-22 in favor of Nadal. However, after the handicap is applied, the 16-year-old would have 27 games, thus winning the handicap bet.
Exact Result – While tennis outcomes can be unpredictable, you can still try and predict the exact score of a match. Similar to what you see in Soccer, you can try and predict the final outcome. Depending on the players and the score, some of these bets can be highly profitable when hit.
What to Expect From Bitcoin Tennis Betting Sites
Not sure about which site to use for tennis betting? Here are a few things that the best bitcoin tennis betting sites offer:
Superior Software – Your best Bitcoin betting sites are going to offer software from the top providers in the industry. Most sportsbooks will have online casinos associated with them offering software from companies like SoftSwiss, Microgaming, NetEnt, and others.
Licensing – Whether you play at a standalone sportsbook or an online casino, you should stick with ones that are licensed and regulated by a major authority. Online regulators include the UK Gambling Commission, the Panama Gaming Control Board, the Curacao Gambling Association, and the Malta Gaming Authority. Stay away from unlicensed sites.
Robust Betting Options – The best sportsbooks will have a wide variety of bets available for all popular sports, including tennis. If you find that a site offers only a few bets, or just allows you to bet on a handful of matches or players, look elsewhere.
Support – When picking a gambling site, you want one that has your back when you have a problem. Stick with sites that offer live chat support or telephone support. Websites that only offer email support should be primarily avoided as it can take days to get help for even the simplest of problems.