Many Bitcoin and other cryptocurrency enthusiasts see betting sites as a quick way to make money without having to do much. These sites allow users to place bets on a variety of topics, such as sports, politics, and entertainment. While the prizes for winning bets can be good, the real money makers on these sites often take a cut of the wins for themselves. Before you place a bet on one of these gambling sites, it’s important to understand where the money goes and what will happen to your Bitcoin and other cryptocurrency if you lose! Here are some of the most popular Bitcoin gambling sites and how they work.
If you’ve never heard of BitBet.eu, you’re missing out on what could be a lucrative source of Bitcoin and other cryptocurrency earnings. This particular site is based in Europe, so it operates under EU law. However, BitBet.eu allows users from all over the world to participate in their contests and offers a secure way to keep your coins. All you have to do is register an account on their site, and you’re good to go. You can then start placing bets on the numerous sporting events that they offer. Some of the most popular bets on this site include:
- Will England win the next soccer game they play?
- Will the Chicago Cubs win the World Series this year?
- Who will be the next President of the United States?
- How many minutes will it take for the next tropical storm system to form?
- Which singer will top the Billboard charts in 2020?
- Will Donald Trump be impeached by the end of next year?
- What will be the next worldwide pandemic?
- How many days will it take before the next solar eclipse?
- Will Elizabeth Taylor or Marjorie Merriweather have a significant other before they die?
Bovada.lv, like BitBet.eu, is another European-based betting site that offers a safe and secure way to store and transact cryptocurrency. However, Bovada also offers a wider range of sports betting opportunities than BitBet.eu. For example, they’ve got horse racing, tennis, and more. What makes Bovada different from others is their unique “bet progression” system. Instead of having all the money go out at the end of the day, as is the case with most gambling sites, Bovada lets you keep what you win, with the money from your losses being added to your account. When you make a profit, they cut you a check. This check will be slightly smaller than the one you made initially, but it will still be there when you show up to cash it! Bovada is widely accepted in the betting world, so if you’re looking for a place to wager Bitcoins and other cryptocurrencies, this site might be the one you’re looking for.
Now, we come to CryptoBet.com, which is a completely different animal when it comes to Bitcoin gambling. This site is operated by CryptoBet Foundation in Gibraltar, which operates under the laws of the British Overseas Territory of Gibraltar. It should be noted that CryptoBet.com is not officially sanctioned or endorsed by the government of Gibraltar or Bitcoin Foundation, the operators of this site. However, this does not seem to dissuade British and international players from participating in their gambling operations. Why? It’s all about the money. CryptoBet.com offers a safe and secure way to store and transact cryptocurrency, as well as a thrilling variety of games and contests, including:
- International Soccer
- American Football
This is a large collection of games, especially for people who love to gamble. If you’re looking to place a bet on any of these games, CryptoBet.com is the perfect place to do so. Just remember: gambling is risky, and you could lose all of your Bitcoin and other cryptocurrencies if you aren’t careful!
Risquell.com is also based in Gibraltar and offers an array of unique games and contests that you may want to take a crack at. For example, did you know that you can win Bitcoins simply by guessing the winning word in a text-based game? Or that you can play a game whereby the object is to guess what someone is thinking? Or that you can play a game where you have to guess what photo is hidden in a grid of other photos? These are just a few of the unique games that you can play at Risquell.com. They also accept the widely-used cryptocurrency Bitcoin and other cryptocurrencies. However, Risquell.com is a bit more traditional when it comes to the way they handle their wagers than the other sites mentioned here. Instead of using a pay-to-play model like the others, Risquell.com will give you the money from your Bitcoin and other cryptocurrency earnings, once you’ve reached a certain milestone. This is sometimes referred to as a “wage redirection” scheme, or “prize repayment.” When this happens, they’ll usually cut you a check, and you’re good to go. Just remember that there is always the chance that you could lose all of your Bitcoin and other cryptocurrencies if you aren’t careful!
Betsafe.com is a brand new site that just launched in May of this year and offers an exciting collection of games and contests for people who love to bet on sporting events and horse racing. They offer daily percentages on football, tennis, and golf games, among others, so you may want to check them out if you’re looking for an online betting site. Betsafe.com is operated by BetSafe Limited in Panama, which is a completely independent company. This is one of the reasons behind the popularity of this site among cryptocurrency users, as you can rest assured that your money is safe and secure. Just remember: be careful when placing bets with this site, as you could end up losing all of your money if you’re not careful!
Betsson.com is another exciting new site that has been gaining a large audience since launching in early 2019. They focus mainly on sports betting and horse racing and offer a variety of betting options, including;
- Horse Racing
- Blazers / Grasstrees
What makes Betsson.com stand out is their Live Betting feature, which enables you to place bets while a real person walks you through the entire process. This is extremely convenient for people who are new to online betting or who want to place bigger bets than they’re comfortable with. They also offer several payment options, including;
- Bank Transfer
If you’re looking for an online betting site that supports multiple currencies, as well as various payment options, Betsson.com is the perfect place to be. Just remember: be careful when placing bets with this site, as you could end up losing all of your money if you’re not careful!