How to Choose a Bitcoin Betting Bonus (₿)

When selecting a Bitcoin betting bonus, consider several factors. Be vigilant about unfamiliar terms or any potential sources of confusion. It's wise to compare the offerings from different brands. This guide will detail the essential terms and conditions you'll encounter when opting for a Bitcoin sportsbook bonus.

Rollover Requirements

Rollover requirements determine how many times you need to wager the bonus amount before withdrawing any winnings. Sometimes, the rollover calculation might include both your deposit and the bonus amount. Recognizing this distinction is crucial, and the details are always found in the comprehensive bonus terms and conditions. Paying attention to rollover requirements is vital as they can vary greatly among betting sites, with high rollover requirements potentially making it challenging to meet withdrawal conditions.

Minimum Bet Slip Odds

Minimum bet slip odds indicate the lowest odds at which you need to place a bet to be eligible for the bonus or for your wager to count towards the rollover requirement. Checking the minimum bet slip odds is essential since a Bitcoin sportsbook deposit bonus might require higher odds, thereby limiting your betting options. It's generally safe to assume that even-money bets are almost always acceptable.

Wagering Time Restrictions

Wagering time restrictions establish a deadline for using your bonus. Some betting platforms impose strict time limitations, requiring you to use the bonus within a specified period or risk losing it. Each sportsbook has unique rules regarding this constraint, which could range from one day to a week or even a month.

Welcome Package

A welcome package is a bonus offered when you register with a Bitcoin betting site. The term "package" suggests a bundle of benefits awaits you. Some platforms offer cashback on losses and free bets among other incentives. Comparing the welcome packages from various betting sites can help you identify the one that provides the best value for your money.

Single or Multiples

Single or multiples refer to the types of bets that qualify for the bonus. Some bonuses might apply exclusively to single bets, while others cater to multiple bets. Verifying the type of bets eligible for the bonus ensures you optimize the bonus offer and align with your specific betting strategy.

Maximum Bonus Winnings

Maximum bonus winnings indicate the highest amount you can win using the bonus. Checking this is important because some betting sites might have a cap that falls short of your expectations. This cap varies among sportsbooks, so it's crucial to check with your preferred operator to see what the maximum winning amount is with your bonus.

Eligible Market Types

Eligible market types refer to the sports categories that qualify for the bonus. Look for any additional stipulations about the qualifying bets. While top BTC sportsbooks rarely discriminate against specific sports for their bonuses, confirmation in the terms and conditions will ensure certainty. This check ensures you can place bets on sports or events of interest, whether it's BTC betting on eSports or football betting with Bitcoin, or something else.

Maximum Stake Percentage

The maximum stake percentage signifies the percentage of the bonus amount you can use to place a single bet. Some betting platforms might restrict the maximum stake percentage, limiting the amount you can bet using the bonus. It's important to verify this to ensure you can wager as much of your bonus as you wish in a single instance without compromising future usage.

Steps to Claim a BTC Sports Betting Bonus

Like other forms of gambling with Bitcoin, sports betting is subject to many bonus offers. However, knowing what's required to claim your rightful piece of the pie is essential. Most sportsbooks follow a strict protocol when granting their customers a bonus amount or other privileges. By learning these necessary steps, you can likely replicate them across different sportsbooks and successfully claim a reward.

Register with the Bookmaker of Your Choice

To claim a Bitcoin sportsbook bonus, you must register with a bookmaker offering such a deal. Registering an account on a BTC sports betting site is generally straightforward. Most of the time, you only need to enter basic details about yourself, like your email address, name, and date of birth. Rarely do you need to do any verification before being allowed to deposit. However, checking your inbox for a verification email is advisable.

Read Through the T&C of the Bonus

Before claiming a bonus, it's essential to read the applicable terms and conditions. This will help you understand the requirements you need to meet to claim and withdraw the bonus. You must note the aspects we discussed earlier - rollover count, eligible markets, maximum stake, minimum odds, etc.

Deposit

To claim a bonus, you need to deposit into your betting account unless you have a classic no-deposit offer. The amount that you need to deposit will depend on the bonus offer. Here it's important to elucidate the minimum sum that should be deposited and how much of your investment is matched as a bonus. 100% is the desirable percentage that is considered a standard.

Contact the Support Team if You Have Issues

If you encounter any problems while trying to claim a Bitcoin sportsbook deposit bonus, it's important to contact the site's support team for assistance. The support team is there to help you with any issues, such as technical difficulties or questions regarding the bonus terms and conditions. They can provide the necessary information and guidance to help you successfully claim your reward.

Types of Bitcoin Bonuses

Bitcoin bonuses come in various forms that can benefit sports bettors. Each bonus type has its terms and conditions. Still, they can include matched deposit bonuses, free bets, no deposit bets, rebate bonuses, reload bonuses, no deposit bonuses, and refer-a-friend bonuses. Understanding the differences between these bonuses can help you choose the best one.

Matched Deposit Bonus

A matched deposit bonus is a type of bonus where the sportsbook matches a percentage of the amount you deposit into your account. For example, if you deposit $100 and the sportsbook offers a 100% matched deposit bonus, you will receive an additional $100 in bonus funds. That is, of course, if $100 is within the maximum sum you can claim. There's also a minimum below, which you can't deposit.

Free Bets

Free bets are a bonus allowing you to place a bet without using your funds. The sportsbook will provide you with a certain amount of bonus funds, and if your bet wins, you will receive the winnings but not the original stake. Sometimes it's the other way around; you must have made your first wager and lost for a free bet to be credited to your account. These bonuses are often offered as part of a welcome package or for specific events or promotions.

No Deposit Bets

A BTC sports betting welcome bonus that doesn't necessitate a deposit is rare but possible. The sportsbook will provide you with a certain amount of bonus funds to place a bet with, and if you win, you will receive the winnings but not the original stake. These bonuses are a great way to try out a sportsbook before committing funds. The fact you don't need to invest anything is all the more reason to check the terms and conditions to see when you can withdraw the bonus.

Rebate Bonus

A rebate bonus is a type of bonus that gives you a percentage of your losses back as a bonus. For example, if you have a 10% rebate bonus and lose $100, you will receive $10 back at some point. There are daily, weekly, and monthly cashback options. These bonuses are often used to help soften the blow of losses and encourage gamblers to follow their instincts.

Reload Bonus

A reload bonus is something you receive when you make subsequent deposits after your initial deposit. The bonus amount will vary depending on the sportsbook, but it can range from a percentage of your deposit to a fixed amount of bonus funds. These bonuses are often part of a welcome package or a daily promotions program.

No Deposit Bonus

A no deposit bonus is a gratuity you receive without investing first. These bonuses are often smaller than deposit bonuses and may be limited to specific games or sports. Nonetheless, they are a great way to try out a sportsbook before committing your funds to it.

Refer-a-Friend Bonus

A refer-a-friend betting bonus is a promotional offer by sports betting site operators to encourage existing users to invite their friends to the platform. The program usually works by rewarding the referrer with a bonus or free bet credit, and the referred friend also receives a bonus or free bet after completing a qualifying deposit or placing a bet. However, customers should carefully read the terms and conditions before participating in any betting bonus program.

Bet Responsibly with Your Crypto

You must know your limits and not cross that line. Gambling only makes sense as a form of entertainment; it's not a reliable source of income. If you are experiencing turbulence in your personal life because of your gambling habits, here are a few pieces of advice that can tell you when it is time to quit:

• You can't think about anything other than gambling;
• Your debt is increasing;
• You've lost track of your losses;
• You play real-money games even if you don't understand the rules;
• Your family members frequently tell you to quit.

FAQ: Betting Bonuses with Bitcoin

Is it safe to place sports bets with crypto?

Yes, sports betting with Bitcoin is generally safe if done on a licensed and reputable sportsbook platform that employs robust security measures to protect your funds and personal information. As far as making a profit is concerned, nobody can guarantee that you will win, and in fact, you should expect to lose in the long term.

Do crypto deposit bonuses have a wagering requirement?

Yes, like most deposit bonuses, crypto deposit bonuses usually come with a wagering requirement, meaning you must wager the bonus amount a certain number of times before withdrawing any winnings. Some sportsbooks cleverly break the mold by offering a risk-free wager equal to your first wager only if it loses. That guarantees that you will have bet at least one time the bonus amount.

Except for BTC, what are the other widely used coins for sports betting?

In addition to Bitcoin, other cryptocurrencies have gained popularity in the sports betting industry. Ethereum, Litecoin, and Bitcoin Cash are widely accepted by many sportsbooks for deposits and withdrawals, offering faster transaction times and lower fees than traditional payment methods. Shiba Inu and Dogecoin are two meme coins favored by online gamblers, while Tether and Binance are two solid options.

What do I do if I register and deposit, but do not receive a bonus?

Suppose you don't receive a bonus after registering and depositing. In that case, you should contact the customer support team of the sportsbook and provide them with relevant details, such as your account information and transaction history. Customer support is the only one who can sort this out.

What eSports can I bet on with my BTC bonus?

The eSports you can bet on with your BTC bonus will depend on the specific sportsbook you use. However, popular options include League of Legends, CS:GO, Dota 2, Overwatch, and Valorant. Older games of the RTS type, like Warcraft III and StarCraft II, are also offered at some sportsbooks.

Conclusion: The Best Bitcoin Betting Bonuses Ranked by bitspincasino.com

As a well-established authority in the cryptocurrency world, bitspincasino.com aims to provide expert opinions on matters related to that industry. After careful deliberation, we decided that Stake is a good fit for the top spot in our ranking. However, as the industry progresses and new brands emerge, we will continue to review and update our rankings to ensure that we recommend the most reliable and trustworthy brands to our readers.

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