Decentralized Sports Betting Sites

Decentralized Sports Betting Sites Reviewed

Finding the best platform can be challenging, especially since not all crypto sports betting sites provide a truly decentralized experience. Below, we’ve examined a few of them more closely.

1. BC.Game – Best Overall Sportsbook

BC.Game often stands at the top of the table, and it has a huge level of respect from bettors and operators alike, which is part of what makes it so appealing. With DeFi play, lots of regular casino promotions, and an incredible crypto selection, BC.Game gives a lot to players.

The most enticing aspects:

• Incredible crypto selections such as BTC, ETH, LTC, USDT, USD Coin, DOGE, Binance USD +185 others
• Bonus wheel. Bettors can use the bonus wheel daily, which awards free crypto.

KYC is a grey area with BC.Game. Bettors can typically play with no ID verification process, but some caveats exist.

• Due to AML laws, the site must ask for KYC if it detects suspicious behavior; so, unless astronomical deposits suddenly appear, players have a good chance of avoiding KYC.
• It is essential to understand it’s no guarantee, though.

2. Trust Dice – Best for Play-to-Earn Features

Many crypto sports betting sites offer the ability to make wagers to earn crypto, yet ignore one of the most significant crypto benefits – staking. Trust Dice ensures it has its finger on the pulse of the crypto world by allowing bettors the option of staking.

Whenever players bet at Trust Dice, it awards tokens. Users can then stake their tokens which can earn crypto rewards. It provides an extra revenue stream on top of any crypto betting wins. With a passive income in place, it ensures Trust Dice is superb for low-budget bettors.

The most appealing aspects are:

• Bettors have one of the most comprehensive betting options available with an incredible range of sports and excellent markets to go with them.
• Bettors don’t have to provide information when playing here, making it perfect for a truly decentralized experience.

3. CloudBet – Best for Crypto Choice

CloudBet offers a wide range of cryptocurrencies, making it appealing to many players, especially those holding a diverse crypto portfolio. It provides an excellent DeFi offering and also a fantastic welcome bonus, which can hit up to 5 BTC.

CloudBet also uses an innovative wagering system, making it simpler for bettors to claim the bonus.

The most attractive features are:

• The operator covers essentially all possible sports, including eSports.
• There’s also a comprehensive market selection, which is a significant benefit.

The only real negative is the KYC policy. Bettors have to complete KYC when playing at CloudBet. Although financial privacy is available, due to the large crypto choice, personal anonymity isn’t an option.

4. Fairspin – Best for Customer Service

Fairspin is a highly impressive crypto sportsbook. It provides bettors with fantastic overall service, but where it stands out the most is the customer service. While it may seem like a minor factor, support is critical in the modern era. Some issues can cause players to be unable to use a site, so access to quality live chat in this situation would be essential.

The most appealing qualities are:

• Excellent help center, FAQ, live chat, and email; a comprehensive selection, ensuring appropriate help is always at hand.

The operator also features some excellent sports choices, with more than 70,000 events available each month, and 1,000+ markets. It also provides eSports betting, which is always good to see in a crypto sportsbook.

Fairspin has soft KYC in place. Players can create an account without completing the process. However, if they make a significant deposit or behave suspiciously, they must go through a KYC check.

5. Winz.io – Best for eSports Betting

Winz.io is an excellent betting platform. It provides bettors with one of the industry’s best selections of betting options. While the sports betting choices are amazing, the eSports offering stands out the most. Users can access the most popular games, such as League of Legends and Valorant, as well as less popular titles like Starcraft.

The most attractive qualities are:

• Bettors can select from plenty of different events and markets.
• A 100% matched sports welcome bonus of up to $500, with no wagering requirements!

KYC isn’t an issue with Winz.io. Users can sign up without having to provide any of their personal documentation. It ensures anonymous play is possible, which has an intrinsic link with crypto gambling.

6. Crashino – Best for Trying Provably Fair Games

As a result of developers taking risks and trying new things, bettors have access to a range of impressive games, such as live dealer titles. Crashino provides one of the latest game choices, provably fair games. As they are a blockchain product, they fit into crypto gambling perfectly.

The most appealing features are:

• The operator has an amazing range of sports and betting markets.
• A fantastic selection of provably fair games is offering sports users an additional betting option.

Bettors can enjoy plenty of popular events, such as the NFL, NBA, soccer, and more, but also a wide range of betting markets.

A significant positive to Crashino is the ability to play without KYC, so, players can sign up and retain their anonymity. Perfect for crypto users who truly want to remain off the grid.

7. Wazamba – Best for VIP Program

The VIP scheme at Wazamba is fantastic. Players can claim plenty of different rewards purely for continually betting with Wazamba. Users also earn reward points when making a deposit! The points are then available to spend at the Wazamba shop, so players can get instant rewards for their wagers.

The most appealing features are:

• Top-class sports betting options with superb markets backing it up.
• Everything from moneylines to prop bets is available.

Players can stake on soccer, golf, snooker, NFL, NBA, eSports, and more. It’s a comprehensive choice and anyone who wants access to a variety of betting options will enjoy the Wazamba selection.

The operator doesn’t require players to complete KYC when signing up. However, there is a possibility the site will request players complete the process. As a result, it’s critical to have the relevant documents at hand when playing here.

8. BetFury – Best for Crypto Staking

Staking is an excellent method to earn additional rewards and BetFury makes it simple for newcomers to the crypto space to begin staking crypto. It allows bettors to earn tokens through placing wagers. Once they have the tokens, they can stake them through the BetFury platform. Players can then earn crypto from some of the site’s many different cryptocurrencies.

The most appealing aspects are:

• Staking – an excellent feature that gives users the ability to make a passive income, even if their betting is unsuccessful.
• Fantastic selection of sports with pretty much all prominent sports available.

It also has excellent markets and one of the best overrounds. It sits at less than 3%, which provides players with some of the best odds.

Unfortunately, there is the possibility of having to complete KYC with BetFury. Although players don’t have to go through it when signing up, BetFury reserves the right to ask for details if players behave suspiciously.

9. Thunderpick – Best for Low Minimum Stake

Low-budget players often get forgotten by crypto sportsbooks. With high minimum stakes and deposits, setting out a coherent betting strategy on a low budget can be challenging. However, Thunderpick provides the solution to this issue. When playing here, bettors can bet as low as 0.00000001 BTC. It’s one of the lowest stakes we’ve ever seen, which will appeal to low-budget bettors.

There’s also an excellent welcome bonus available with Thunderpick. Although smaller than other crypto sportsbooks, it has minuscule wagering requirements, making it fair for bettors. Thunderpick also has a fantastic range of sports, complemented by superb market choices. So, with a low minimum stake and plenty of ways to bet, Thunderpick provides plenty for players to enjoy.

KYC isn’t compulsory at Thunderpick. So, it allows for anonymous betting to take place. It’s always a huge positive to see anonymity available, as it’s one of the foundations of crypto.

What is a Decentralized Sports Betting Site?

Decentralized means there’s no central governance of an organization. An excellent example would be pricing for McDonald’s. Although franchises must abide by rules, pricing isn’t a centralized process. Different countries will have varying price points which relate to the financial situation of the location.

Relating to crypto betting, it alters the meaning slightly. Instead of referring to the operator, it refers to the crypto itself. In addition, cryptocurrency doesn’t have an overall regulator, so when bettors use one of these platforms, the blockchain allows them to retain at least partial anonymity.

When betting on a DeFi platform, users can carry out p2p transactions to avoid any third-party intrusions. There’s also the benefit of smart contracts providing transparency. With all contributors able to see every aspect as it is completed, it ensures everyone is fully aware of what is happening. In addition, it gives peace of mind whenever a contract is completed.

How Does it Work?

Betting at a DeFi sportsbook isn’t too different from a standard crypto betting site. Bettors deposit using a crypto wallet and then choose the wager they like. However, they do have the opportunity to retain a higher degree of transparency. With crypto offering users more control, it removes some of the operator’s power.

Difference between Decentralized Sports Betting Sites and Traditional Sportsbooks

Traditional sportsbooks long held the monopoly on sports betting. However, with more users accessing modern technology, DeFi sportsbooks have shown bettors a different way to bet. The differences generally provide significant advantages to crypto players, which is why the demography is showing rapid growth.

Differences

1. The first main difference is the fees at a DeFi platform. Traditional sportsbooks often charge a percentage on each bet. It impacts the potential for profits, especially if the overround is high. There can also be fees for withdrawals, which again eats into profits.
2. Secondly, traditional sportsbooks don’t tend to offer much transparency. As a result, bettors are at the mercy of what the sportsbook wants to do. It’s not the case with the alternative, as smart contracts ensure all parties get information about every step.
3. Traditional sportsbooks are typically more accessible, resulting from a headstart of a few decades. However, it’s an issue that is likely to become less prominent as crypto continues to grow.

Just focusing on how crypto can impact bettors also provides differences. For example, players can get rapid access to their funds when using cryptocurrency. It’s just not possible with fiat, which can often take up to a week to process a withdrawal.

DeFi sportsbooks can also offer superior odds to players. For users with a tight margin, slight odds increases can turn a minor failure into a slight success, so bettors shouldn’t ignore the impact of odds.

Benefits of Using a Decentralized Betting Exchange

Newcomers to the world of crypto betting may not be completely aware of what these platforms can offer. Fortunately, we have created a handy list of benefits to help users get to grips with what’s available.

1. Low Fees

Fees with crypto sportsbooks are lower than at traditional sportsbooks. It becomes even more pronounced when carrying out overseas transactions. In addition, gas fees are lower than foreign payments, so bettors playing across multiple countries will save money betting with crypto.

2. Instant Payment Processing

One of the most significant issues with fiat payments is the length of time they take. Users must wait up to a week for payouts, with substantial transactions taking longer. It makes cryptocurrency the apparent choice, specifically for players who want instant access to their funds.

3. Accessible Across the Globe

There are sometimes limits on where bettors can access sportsbooks. However, a DeFi platform removes these limits. It allows players to access the site anywhere, making it a truly global institution.

4. Wide Range of Crypto Accepted

With cryptocurrency growing rapidly, it’s no surprise to see more crypto available. In addition, sportsbooks allow users to access more choices, making crypto sportsbooks more appealing by the day.

How do I Access a Decentralized Betting Site?

The Benefits of Using Crypto

Bettors can see a significant benefit to using crypto compared to fiat payments. However, new players aren’t always aware of the benefits. So, anyone wondering why they should move to the crypto sphere can find out here.

The Drawbacks of using Crypto

Crypto isn’t a perfect system. It still has drawbacks which players have to be aware of. We’ve listed the most common disadvantages bettors will encounter when playing with crypto.

Tips & Strategies for Betting on Decentralized Sports Betting Sites

Bettors can never guarantee success when using a sportsbook.

However, there are some tips and strategies bettors can use to increase their chances of making a profit.

With our rapid-fire guide, players can quickly become acquainted with the finer points of gambling.

1. Research Events

Stats and data are commonplace in the sporting world now. As a result, every event has a host of information available, which can give bettors the opportunity to enhance the probability of a correct choice. So, while researching the numbers behind an event won’t guarantee a winning bet, it can help increase the chances of it.

2. Stick to a Budget

Setting a budget and sticking to it is vital. When depositing funds into an account, bettors should ensure they don’t exceed what they have put aside. Making further deposits outside their budget can lead to further issues. Some sportsbooks provide tools to help with this, so if they’re available, players should use them.

3. Manage the Bankroll

While it may sound the same as sticking to a budget, managing the bankroll is different. It involves setting stake levels practically relating to the current bankroll. For example, if bettors lose 50% of their bankroll, stake levels should change accordingly. Conversely, an increase in bankroll can lead to an increase in stake levels. There are several bankroll management strategies available, bettors should research them and choose the most suitable for their situation.

4. Don’t Chase Losses

Chasing losses is the easiest way to completely deplete a bankroll. Players should treat each bet as an individual event. So, whether it wins or loses, future bets will play out in accordance with the current bankroll. Never allow a run of losses to increase the risk of future wagers.

Conclusion

Choosing a decentralized betting site is challenging. The selection is immense, and every site will have reasons bettors should choose it. As a result, our toplist and reviews are the best way to decipher which site to select. We provide an unbiased account that ensures players can trust what they read. By taking out the challenges, we streamline the process for users.

The benefits of a DeFi sportsbook ensure bettors should think hard about making the switch. Greater degrees of privacy, full ownership of funds, transparency, and better odds make it a simple choice for serious players.

With our guides, anyone searching for further knowledge can easily discover everything they need. Just check our learning zone and find the right sportsbook. With Bitedge, it’s a simple process.