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Crypto Esports Betting: The Ultimate Guide for 2024
7 min read

Crypto Esports Betting: The Ultimate Guide for 2024

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January 5, 2024

8 min read

Why is crypto esports betting such big news right now? Esports has been one of the huge success stories of recent times, as millions of fans all over the planet follow their favorite games and teams. The addition of online betting using the top cryptocurrencies makes it easier and safer than ever before for you to put wagers on the outcome of these games.If you’re intrigued by the idea of betting on pro teams using Bitcoin and other tokens, you’ll be pleased to see that this is something that can be done with no fuss. Take a look through our guide and you’ll see how simple it is to start betting.

Table of Contents

What is Esports Crypto Betting?Why Use Crypto for Esports Betting?Difference Between Esports Crypto Betting and Traditional Esports BettingPros and Cons of Esports Crypto BettingHow to Get Started with Esports Crypto Betting?Types of Crypto Esports BetsLegality Behind Esports Crypto BettingTips to Play Esports with CryptoFuture of eSports Crypto Betting

What is Esports Crypto Betting?

This activity combines various elements to bring an enjoyable hobby to our lives.

Why Use Crypto for Esports Betting?

If you’ve been using crypto tokens to buy online or to invest, you’ll already know some of the key benefits they offer. These advantages translate well to esports betting to make it a smooth banking process for deposits and withdrawals.

We can look at three key areas where the benefits of cryptocurrencies are particularly important for esports fans who want to bet on the matches they watch. If you’re thinking of carrying out Bitcoin esports betting or using other trustworthy tokens, these are the main factors to take into account that will help you make your decision.

Security

Described by many experts as the safest way of handling money in the digital age, cryptocurrencies are highly secure as it’s virtually impossible for anyone to hack your account. By using the latest encryption techniques, these tokens are locked away safely until you decide to use them.  

The other side of this issue is that you need to carry out esports gambling on sites that offer an equally high level of security. This means that professional sites like Jack’s House that are regulated and offer a safe gambling environment provide the safest choice.

Transaction Speed

When you decide to bet on esports games, speed is important. What if you see an opportunity to wager on an upcoming match and need to fund your account in time to grab the current odds? You also need to consider the speed with which you can withdraw any winnings you collect, as you don’t want to be hanging around waiting for your cash to arrive.

Cryptocurrencies have the advantage of offering almost instant transactions. You may need to wait a moment if the network is busy, but most transfers are carried out and arrive at the receiving account almost immediately.

Anonymity

Typically classed as pseudo-anonymous, cryptos provide a useful way of carrying out online transactions without revealing your details. Bitcoin and other tokens can technically be tracked, but if keeping your details private is one of your concerns, using cryptos for esports gambling is a smart move.  

You can carry out this hobby without passing money through your bank, card, or e-wallet. This suits a lot of us who like to keep our financial details away from prying eyes. In fact, the greater level of privacy is one of the reasons that cryptocurrencies are so popular in the first place.

Difference Between Esports Crypto Betting and Traditional Esports Betting

At this point, you might be wondering what the differences are between esports betting with crypto tokens and doing it with more traditional banking methods like debit cards and bank transfers. While the wagering aspect is the same in both cases, there are some points to be aware of.    

Pros and Cons of Esports Crypto Betting

Pros

Cons

How to Get Started with Esports Crypto Betting?

Placing your first crypto esports bet with real money might seem a long way away, but the process that leads you to that point isn’t as time-consuming as you might think. The first step is to find an online esports betting site you can trust and where cryptocurrencies can be used, like Jack’s House.

A short registration process will put you in a position where you’re ready to add your first set of funds. Choose the deposit option and you’ll be advised how to add money to your account directly from your crypto wallet. Keep your eye out for a welcome package at this stage.

Now that you have funds in your account, you can start looking at the different games and pro leagues, to see what team you want to bet on. The current wagering options might include pre-match and live betting, depending on when you look. Major events are often listed far in advance, which may make it more difficult to predict correctly but could also mean that you get more attractive odds than will be offered nearer to the date.

Once you see a match that interests you, take a look to see the current options. The simplest approach is to bet on the outright winner, but when you look at the full list of options you’re likely to see bets on the number of maps won, the total kills, and other aspects of the game that might interest you.

The odds will be listed for each option, so you can see at a glance who the favorite is and how likely the sportsbook considers that each outcome is. You don’t need to work out the possible winnings though, as just entering the among of your bet in the bet slip brings up the amount you’ll get back if successful.

Types of Crypto Esports Bets

We briefly touched on the different types of bets earlier, and this is something you might want to look into more deeply once you get to grips with the basics. You might feel happiest predicting the outright winner of a match or tournament, but what if you feel that you know what’s going to happen with more specific details?

The first big decision to make is whether to bet in advance or wait until a game starts and choose live betting. The second option certainly spices up the way you watch these events as you’ll be waiting to what opportunities arise to make a bet during the game.

As well as predicting the winning team, maybe you‘ve got a strong opinion on how many maps each team will win or the total number of kills. You might also look at the under/over bets and handicap bets to fit the approach you have in mind. Prop bets are based on individual or team performance, so you could find some useful wagers in this section.

Everyone who tries this has to find a way of betting that suits them and fits their knowledge levels of research skills. There’s no right or wrong answer to the question of what you should wager on, so you should investigate the options and see what feels right for you.

Legality Behind Esports Crypto Betting

There are a couple of points to look at here. The first is the legality of esports betting. In some countries, this is banned while in others it’s perfectly legal but unregulated. A growing number of countries, including Canada, and certain US states, are legalizing sports betting, so it’s a question of checking the laws where you live.

As for cryptocurrencies, the laws are subject to change in this fast-moving world. For the moment it’s legal but controlled in some form in many countries, including Canada and the US. As with online gambling, it is a good idea to check the current rules before you start any crypto esports betting.

Tips to Play Esports with Crypto

There’s no way to guarantee that you’ll win when you gamble, but following some of the top tips listed here will help you increase your chances of making a profit.

Future of eSports Crypto Betting

With both esports and cryptocurrencies growing strongly in the last decade, this has turned into a huge business that attracts people from all walks of life. With new games being released regularly and many up-and-coming pro players, we can expect to hear a lot more about esports betting in the years to come.

While cryptocurrencies have gone through numerous ups and downs since the launch of Bitcoin in 2009, these tokens are now firmly established are part of the financial scene. Their use in the esports betting world is also clear now and seems set to go from strength to strength.

This way of betting is possible due to a variety of different types of technology, so other technologies may be used to improve it further in the future. Virtual reality, augmented reality, and artificial intelligence are some of the fascinating areas where we might see future changes.

Crypto Esports Betting Promotions and Bonuses

If you manage to collect a healthy bonus when you start placing your first bets, it’s going to make it a lot easier for you to make the most of your funds. A good welcome bonus when you sign up may give you extra funds as a boost to your first deposit, meaning more bets for you and more chances to win. It’s also a good way to get used to a site when you’re new.

Ongoing deals for returning members can work in this way, but you can also look for other promotions that might give you boosted odds, free bets, and other deals. There is no single type of esports bonus that is always the best choice, so it’s a matter of seeing what’s on offer at the time you’re looking.

Be sure to read the terms and conditions attached to any offer, as this is where you find out exactly what you need to do you can clear some winnings and withdraw them from your betting account. There’s no need to accept a bonus offer if you don’t want to, but for more people, it makes sense for them to grab something extra whenever they can.

Crypto Esports Betting at Jack’s House – Sign Up Now!

Now that we’ve looked at what crypto esports betting is all about, are you ready to get started? If you’re ready to sign up, Jack’s House is a site where you’re sure to feel comfortable right away. With a vast range of esports bets and bonuses to choose from, this is a sportsbook where you can start placing your wagers on esports competitions with no worries.

The website is safe and uses the latest technology so that you know your data and money are well-protected at all times. Once you sign up as a new member, you can choose from the leading cryptocurrencies before you make your first deposit and see what bonuses are waiting for you.

With funds in your account, you’re ready to look through the list of tournaments so you can decide which games to bet on. The list is updated constantly and the odds fluctuate to take into account all the relevant factors, so it’s up to you to decide when to make your move. Join Jack’s House and enjoy the chance to bet using crypto.

FAQ

Why Should I Consider Using Cryptocurrencies for Esports Betting  Instead of Traditional Currencies?

There are several advantages to using cryptocurrencies for esports betting. The speed of transactions, the low cost, and the higher level of privacy are among the key points. You might also like the excellent security and the price volatility that they offer.

Which Cryptocurrencies Are Most Commonly Accepted for Crypto Esports Betting?

Bitcoin, Bitcoin Cash, Litecoin, and Ethereum are among the tokens that are generally accepted. As this type of digital currency grows more popular, expect to see more tokens used. However, the most reputable sportsbooks only accept well-established tokens that have proven their worth over time.

Is Crypto Esports Betting Legal?

Yes, provided that you do it in a country where both sports betting and cryptos are legal. It’s something you should check before betting if you have any doubts. These regulations can vary over time too, as new laws are introduced such as when gambling gets regulated.

Are There Any Specific Risks Associated with Crypto Esports Betting?

The first risk to take into account is that your bets might not win. This is why you need to carefully set a budget before starting. The other risk to be aware of relates to the volatility of cryptocurrencies, as your funds could gain or lose value while you hold them.

How Do Betting Odds Work in Crypto Esports Betting?

A variety of different bets are offered, with unique odds on each of them. This is most clearly seen in the outright winner bet, where you’ll see one team listed as the favorite and the other as the underdog. Mark a wager amount in the online bet slip and you’ll see how much you could win.

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