Betting sites have been around for long enough that now we can’t remember a time before they weren’t around. Everyone takes for granted being able to take out their phone and place a bet instantly. This is thanks to the gambling industry always being quick to embrace new technologies and adapt them for their own uses.
Trends come and go, but the latest trend looks as though it’s here for the long haul. Ethereum is a form of cryptocurrency and has been making waves for quite some time now.
The online betting site industry kept their usual eagle-eye on the situation and when virtual currencies started to really take off, they introduced them as an alternative form of payment. As a result, Ethereum betting sites are becoming more commonplace every single day.
It makes perfect sense, too. Betting sites and Ethereum were meant for each other;
- It offers the punter the opportunity to make bets without entering any personal information – all transactions are completely anonymous.
- Because the transactions use the blockchain method of distributing payments, it allows for complete transparency. This leads onto the next point…
- The transparency means it is impossible for the games to be rigged in favour of the house, making for a more trusting relationship.
- Ethereum transactions happen very quickly and with little or no fees attached to them. This means you can withdraw your winnings quickly and keep as much of it in your pocket as possible.
Best Ethereum Betting Sites
The best Ethereum betting sites are changing as rapidly. This is not because the sites are not good enough, quite the opposite. These kinds of betting sites have caught on so quickly that there is a constant new influx of them. Just as one site seems to have everything, a new one pops up offering something new and takes its place at the top.
Just because Ethereum isn’t a physical currency, it doesn’t mean that you still can’t win big. Place your bet and if it comes in you’ll be paid like you would do with fiat money. You will be able to use it for loads of things including betting on horses online and loads more popular sports. The cryptocurrency has one other trick up its sleeve; it’s value.
Virtual currencies are famous for the volatility of their prices; they fluctuate constantly. If a bet you have placed comes in and then the value of Ethereum suddenly goes through the roof, so does the amount of your winnings. It’s never guaranteed but it’s always nice when it happens.
The best Ethereum betting sites will have everything that you can do on a betting site that doesn’t accept Ethereum payments.
- Place bets on a variety of sports, outcomes of TV events, news items etc.
- Place bets midway through an event.
- Deposit and withdraw any time you like
- Bet on the move with your phone or tablet
Try placing a bet with an Ethereum betting site and you’ll see just how easy it is. If you have used these websites before you will probably have made PayPal betting payments, or used a number of standard deposit methods.
Gambling with Ethereum UK
Gambling with Ethereum in the UK is just like betting with your card, Paypal, cash or any other method of physical currency. It is a deregulated virtual currency. This simply means that it is not owned by any Government or treasury, but by the people who use it.
There are no restrictions imposed on what you can bet on and you will be able to do it without ever giving out any personal details. Because the transactions are anonymous, you can place bets safe in the knowledge that your personal details are safe without compromising your enjoyment of placing bets.
Also, the currency allows for bets to be placed anywhere in the world in record time and no delays on payouts. You can also take a look at Ethereum slots sites to find out more about these if you want to have a go at the latest games.
Sportsbooks Accepting Ethereum
Of course, one of the most popular things to bet on is sports. There are more online sportsbooks now than ever before and competition between sites is stronger than ever too.
Sportsbooks have started accepting digital currencies like this because they don’t want to get left behind once the currency becomes mainstream (as many predict it will do).
A quick search shows that Sportsbooks accepting Ethereum are plentiful and they offer the same features and benefits that you would expect when betting on any sporting event. You could also check out Bitcoin betting websites if you’d prefer this digital currency instead.
- The ability to bet on the minutiae, such as how long the National Anthem will take to sing before the game starts.
- The ability to cash out at any point.
- The ability to bet during the game.
- Bet on the result/first scorer/winning margin etc.
- Place bets on multiple place finishes.
- Welcome bonuses and rewards.
How to Bet Using Ethereum
Knowing how to bet using Ethereum is as easy as knowing how to bet with physical currency. All you need is an online wallet, some currency and an Ethereum betting site that you want to use.
You’ll need to set yourself up with an account with the bookmaker you wish to use. This is standard practice for any online bookies, whether they accept the cryptocurrency or not. The next thing you need is an online wallet. These can be downloaded for free and they are what you will use to keep your digital coins in.
Then, you need to buy some Ethereum to play with. Find a respected broker and purchase them using fiat money, then transfer your coins into your wallet.
Move the amount of currency that you want to bet with into your bookmaker account and that’s the process complete. You then bet on whatever you like with however much you like.
It is no different than placing a bet with physical money. Many online gambling fans have found similar methods such as Edgeless casino payment which can be used for various gaming websites.
You will be able to deposit or subtract funds at any time. All you need to remember is to keep your wallet password safe so you can access it. Happy betting!
Ethereum Gambling Bonuses
Like all gambling sites, those that accept digital currencies rely on bonuses to keep their punters interested and loyal. This can range from;
- Recommend a friend bonuses
- Free bets
- Match or increase your first deposit
And more besides. These Ethereum gambling bonuses in October 2019 will vary from site to betting site but they are all trying to outdo each other. A quick look around will show you what the best available offers are and you should take full advantage of them. They will give you loads of opportunity to explore just how well Ethereum betting can work for you.