We have written recordings to show that sports betting has been a part of societies for tens of thousands of years, but if we're being realistic about it, it's easy to think that it probably dates back even further. The only thing that has changed now is how and what we bet. Cryptocurrencies have made the online betting sector much easier to access, and in today's article, we're going to visit our top 5 Bitcoin Betting tips to help you get in on the blockchain gaming fun.
5. Bitcoin Sports Betting Bankroll Management
You may have heard it before but didn't pay much attention, or perhaps just didn't care. However, take the word of experts who have managed to make a living from what you want to achieve, and believe when they say "Bitcoin betting bankroll management is the key to success" because that's the truth. You should set aside crypto that you use strictly for betting. The most conservative styles have you bet no more than 1% of your BR at a time, with an occasional shift up to 3% if you're super confident in your pick. You could modify your Bitcoin betting bankroll management to suit your needs, but be sure to leave some safety room. You'll need it when battling luck, even if you're the best in the world.
4. Play With A Trusted Bitcoin Bookie
The next of the top 5 Bitcoin sports betting tips focus on the site you play on. Before making a BTC deposit, you should verify that it is a trusted Bitcoin bookie. Our reviews & forum feedbacks are two of the best third-party information sources but you should also verify their license, years of operation, and all other details that help you in your decision-making process. If all checks clear, that's when you're safe to deposit! Remember to play with a trusted Bitcoin bookie because that way, you won't have to sweat getting paid out.
3. Bitcoin Sports Betting Odds Matter
A recreational player might not even realize that the Bitcoin betting odds matter! The odds determine your returns on the wager, so naturally, you want to get the highest odds possible for your strongest picks. Think of it that way, if you only bet 1.50 odds lines, then you win 50% every time you're right, and lose 100% when you're wrong. That means your winrate must trend above two wins for every loss to stay profitable betting 1.50 odds. Whereas, if you bet 2.00 odds you'll win 100% every time you get it right. So you only need to hit once to make up for a loss. Next time you start up another Bitcoin sports betting session, make sure to pay attention to the odds you bet.
2. Bitcoin Sports Betting Loyalty Rewards
Always consider Bitcoin bookie's loyalty program before choosing to play with them. For example, our top-rated Bitcoin sportsbooks offer regular bonuses as well as fixed betback depending on your VIP tier. So you could be receiving additional points on every wager you place if you have chosen the right bookie. Frankly, we believe that the Bitcoin sports betting loyalty rewards are probably the best tool for your long-term success.
1. Only Bet What You Can Afford To Lose
That should be obvious, yet many Bitcoin punters struggle with it the most. Only bet what you can afford to lose. You should never risk your rent or food money for betting because there are no guarantees that you'll win. Even a 99% favorite could end up losing if the opponent plays better that day. While the chances of that happening are slim, you can never predict when it actually does. We hope that our top 5 Bitcoin sports betting tips will help you master your craft!