Sports betting is a fun and potentially profitable pastime, yet winning is far from guaranteed. When you sign up for a Crypto sportsbook account, you’re likely to be faced with countless potential betting options, with competitions and leagues taking place 24/7. It’s essential to remain disciplined and wait for wagering opportunities to arise.
We’ve compiled a list of actionable crypto sportsbook tips which will increase your chances of turning a profit and staying out of the red. Although some advice will apply to general sports betting, many of our tips are crypto-specific, so make sure you keep reading to see how you can potentially turn your crypto sports betting into a profitable experience.
Tips for Increasing Your Chances of Winning with Crypto Betting Sites
Use Stablecoins (If possible)
Bitcoin, Litecoin and Ethereum are widely accepted by Crypto sportsbooks, facilitating fast, fuss-free, anonymous transactions. Unfortunately, they are subject to market volatility, and although some fluctuations may work in your favour, a sudden drop in value may result in your sports betting winnings losing significant value overnight.
Recommended Currency
Once you have signed up for an account with one of our recommended crypto sportsbooks, we would recommend opting for a stablecoin such as USDT, USDC or DAI. They will avoid any dramatic price swings and are pegged to physical assets, so you won’t be left watching the market and praying that your betting profits won’t be wiped out by an unexpected shift. Betting with Bitcoin is favoured by many users; however, it’s better to start with a less volatile currency. There are plenty of USDT sportsbooks which feature prominently on our list of recommended crypto betting sites.
Expert Opinion
USDT and other stablecoins are a much better proposition for long-term ante-post wagers. These bets are likely to be sitting in your crypto sportsbook betting slip for many months and will not lose value. If you do use Bitcoin for these types of bets, then you may wish to check for fluctuations and variance, as a sizeable drop could see your bet lose its value overnight.
Start with a Sensible Bankroll
Although successful betting relies heavily on being able to pick winners, the importance of establishing a bankroll and wagering accordingly cannot be underestimated. You should never bet more than around 1-3% of your entire bankroll on a single bet and should not exceed 3-5% per day. This will provide a layer of protection on those days when everything seems to go against you.
Devise a Staking Plan
With sensible staking, you will still be left with a decent amount for the following day, when you can start afresh with a clear mindset.
If your bankroll starts to grow, you may wish to slightly up the ante and increase your percentage, yet it’s important to keep your crypto betting bankroll management in mind at all times.
Expert Opinion
If you’re wondering how to win at crypto sportsbooks, then remaining disciplined and sticking to 1-3% of your bankroll for singles and doubles is imperative. These are far less risky propositions. You should adjust your bankroll accordingly for accumulator or parlay bets due to the sheer unpredictability of relying on 4+ selections.
Seek Out the Best Crypto Sportsbook Odds and Margins
As our explanation of sports betting margins highlights, shopping around for value can make a significant difference to your overall profitability. A crypto sportsbook with average margins of 5.05% is a far better choice than a betting site exceeding 6%. It may not sound like a notable difference, yet over the course of 100+ bets, you will be able to take advantage of the best crypto sportsbook odds and seriously increase your dividends.
Find Better Odds with Crypto Sportsbooks
All our recommended crypto betting sites will vary in their prices, so it’s essential to shop around and make sure that you aren’t willing to accept inferior odds. You may wish to open accounts with multiple crypto sportsbooks to give yourself the best chance of finding the best odds. You’ll soon learn which bookmaker has the best odds for each competition, league and tournament.
One of the major advantages of betting with crypto sportsbooks is higher odds, so even if you don’t have time to extensively compare, you’ll be safe in the knowledge that you’ll have probably found a better price than if anyone is using a Fiat-supporting sportsbook.
Expert Opinion
Crypto sportsbooks are undoubtedly the best place to find the standout odds across a range of different sports. If you have spotted a betting opportunity, it may be worth tracking the market and following the fluctuations, as a late drift in the market may help you to secure a superior price and potentially make more profit.
Utilise Crypto Sports Betting Bonuses
Most of our recommended Crypto sites offer a welcome bonus, which is available for all new players when they sign up for an account. One of the advantages of Crypto sportsbooks is that these bonuses are often more generous, and with faster transactions and fewer fees, the claiming process is often quick and painless.
Take advantage of these promotions as they can seriously boost your bankroll and allow new sign-ups to use house money to test a brand new online betting platform.
Check the Terms and Conditions
It should be noted that all welcome bonuses have wagering conditions attached. Pay attention to these before diving in headfirst. 5-20x wagering requirements may be realistic and achievable; however, 35x wagering requirements will be unreachable for some punters and may result in some bonus funds being withdrawn or forfeited. Check the Ts and Cs to make sure that you aren’t forced to place unwanted bets to simply meet these unfair requirements.
Expert Opinion
You're likely to get better and bigger bonuses with crypto betting sites; however, it's still essential to check the terms and conditions before taking the plunge. Lower wagering requirements will make it much easier to play through the bonus funds, resulting in faster withdrawals.
It's also worth checking whether bonus funds can only be used on a specific-type of bet, such as multiples.
Do Your Own Research
There are plenty of successful and credible online tipsters and forums available online; however, you should always conduct your own research before finalising your bets. Read as many previews as you can, check team news and recent form, listen to managerial press conferences and look at head-to-heads.
Follow a Tipster
If you are following a tipster, we strongly advise double-checking their stats and then using your own judgment on whether they have unearthed a value bet.
If you don’t follow a tipping service, then there are hundreds of online data sources offering free statistics and information on all sports. For live in-play wagers, many crypto sportsbooks have advanced data, including Opta stats, which are updated throughout the contest.
Use Cross-Currency Crypto Sportsbooks to Your Advantage
We’ve already highlighted the importance of using Stablecoins for long-term wagers; however, some crypto sportsbooks allow bettors to hold their balance in multiple currencies simultaneously. This could be handy. Knowing the site’s free-structure and processing times for different coins can make a big difference, especially if you’re a fan of live betting.
Beware of Speed Discrepancies
Confirmation speed differs between currencies, so if you’re hoping to wager fast and exploit lags in the in-play pricing structure, you’ll need a cryptocurrency which processes without delay. USDT and Tron are much faster than Bitcoin, which may take an extra few seconds to confirm.
Using a slower currency may result in a missed opportunity.
Take Emotion Out of the Equation
Successful betting is logical and clinical. Emotional bettors tend to struggle to make a profit as they tend to let their feelings take over, resulting in erratic betting patterns and ill-advised wagers.
Things do not always go to plan with sports betting. Even heavily researched bankers can go awry, and it’s important to react rationally. Emotionally-led betting could result in chasing losses or placing a regrettable in-play wager on a match that you know nothing about!
No Need to Rush Back In
Reckless reinvestment is a dangerous policy, and this is often led by our emotions, often following a frustrating outcome.
Conversely, finding a few winners can often lead to a feeling of invincibility, so it’s important to stick rigidly to your system even if everything appears to be going your way.
Expert Opinion
By taking emotion out of the question, you are likely to place far fewer bets, but they should, in theory, be better, well-managed, and meticulously researched punts.
I believe the best way to maintain your profit after a successful day is to completely close down the crypto sports betting app for the night. If you are on a poor run, consider taking some time off to revise your system and approach.
Starting afresh after a week off can have a galvanising effect on your perspective.
Crypto sportsbooks have various responsible gambling tools, such as deposit and session limits, so if you feel as though you are playing too much, you can set yourself reminders and add preventions to dissuade you from going back in.
Look Beyond The Stats When Using a Crypto Sportsbook
Statistics are very useful. Bettors frequently use them to find an angle, and there are various ways to interpret these all-important numbers.
Although we are not discouraging anyone from using data, it is advised to consider other aspects, some of which may be intangible.
Considering the Intangibles
Long journeys, hectic schedules, departures of key players, managerial changes, adverse weather conditions and personal issues are all aspects which shouldn’t be dismissed, and they can have a detrimental impact on the outcome.
Extensive research will only get you so far. Knowing how a team or player will react to a setback or a change of circumstance can be pivotal and will give you the upper hand on many of your fellow punters.
Expert Opinion
Some factors simply cannot be measured by stats. An illness in the camp, an unhappy star performer, or a manager being linked with a move away can all harm performance levels. Knowing as much as you can, using local media and forums can reveal key information which may help to shape your bets.
Instincts are Essential to Success in Crypto Sports Betting
Sometimes you just get that feeling. You would probably struggle to make a profit if you were to exclusively follow your gut, yet it can be a handy tool for avoiding bad bets.
If something doesn’t feel right, don’t back it. If your gut is telling you that you’ve found a value bet, then go for it.
It’s important to understand that your instincts are unlikely to help you with every single wager; however, sometimes it can be hard to shake off that feeling.
Stop, Wait and Think!
If necessary, you can add the selection(s) into the betting slip of your chosen crypto sportsbook, leaving it in there for a few hours whilst you think about your picks. Most crypto betting sites will retain these, so you’ll be able to log back into your account and make amendments, if necessary.
Sometimes, swerving a bad bet can be far more satisfying than picking a winner.
Don’t be Afraid to Take a Watching Brief
Finally, it is perfectly acceptable to abstain from having a bet.
Even if there is a full set of fixtures in the NBA, or it's the final day of the Premier League season, there is absolutely no pressure to place a wager if you cannot find any value.
There are Plenty More Wagering Opportunities with Crypto Sportsbooks
Sometimes, the best option is to simply sit back and watch the action unfold. This may give you valuable insight for future bets. Furthermore, if nothing takes your fancy in the pre-match markets, you can always keep your powder dry and save your funds for the in-play markets.
If you follow our tips and advice closely, you should notice an improvement in your profitability. These are long-term approaches and will help you to improve your crypto sports betting over several months. These crypto sports betting strategies are actionable immediately, and all of these pointers can be applied to any of our recommended online crypto sportsbooks.