NFL Crypto Betting: How to Place Bets on NFL using Crypto
Being an NFL athlete is one of the most prestigious jobs one can have. This incredible job comes with an endless amount of perks and opportunities that most people can only dream of. From multi-million-dollar contracts to top-notch healthcare, the NFL offers it all. Naturally, pursuing a career in this sport is hard to resist, even for non-fans.
The money involved in this sport is massive, too. The NFL is quite popular outside of the US, and thanks to this, it sees massive betting action. It is certainly the most heavily bet sport in the US by a huge margin. And now with the rise of cryptocurrency, it is going to see even more activity for years to come internationally. There are many websites that offer users to place bets on NFL games in Canada using crypto like the one here: https://www.bodog.eu/crypto-casino.
What is Crypto betting & why is it on the rise?
To place bets traditionally, an individual needs to jump through several hoops, be it through financial or government institutions. On top of that, they have to constantly worry about these establishments, tracking their activity. With cryptocurrency in the scene, one can skip those processes and do transactions completely anonymously.
Not only are crypto transactions fast and secure, but they are also immune to hacking. The appeal of crypto is that it’s a decentralized currency and has incredibly low-cost transactions. Most betting platforms allow crypto users to instantly transfer their funds, and withdrawals are also as fast.
Crypto betting on sports is becoming a fast-growing market due to the fact that it offers an immensely dynamic gambling experience compared to fiat currency. Bitcoin still remains the most popular cryptocurrency for placing bets, but platforms can also allow betting with different tokens. Litecoin, Dogecoin, Tether, Ripple, and Binance Coin are just a few of the many crypto options offered by betting websites. It’s also worth mentioning that their crypto library is constantly expanding.
How to bet on NFL using Crypto?
This part is really easy; you just need to sign up on a reliable online betting site like the one we mentioned above. After that, you will have to link your crypto wallet before making deposits. (First-time depositors are usually greeted with a welcome bonus.) Once you do that, you are ready to place bitcoin bets. You can withdraw your winnings almost instantly and convert them into fiat currency, or you can choose to keep them as is for future transactions.
What types of bets are available?
There are a variety of betting options to choose from. Sometimes the most fun ways to bet on a match are not on who will win the game but rather on how the game will be played. You can wager on NFL props, moneylines, futures, total points, parlays, and much more.
- NFL Total Points: Also referred to as over/under, this bet type involves betting on the total. In this bet, you are wagering on the total number of points scored by both teams combined in a match. You bet on the score being over or under the projected amount. This option is very popular among those who are unsure of which team to support.
- Futures: This bet is exactly what the name implies: you bet on an event that will happen in the future. For example, you can wager on future MVP, Super Bowl Champion, and conference Champion. It really depends on what the platform has to offer, the possibilities are numerous. These bets almost always have high payouts but come with a big risk.
- Moneyline: A moneyline bet is the most straightforward way to wager. It literally just involves predicting which team is going to win. If the game is tied, the bets are pushed. This bet is the best choice for those who are just getting started in sports betting.
Basic betting strategy to increase your odds of winning
Be on the lookout for injury reports and line-up changes; staying up-to-date with the latest NFL news will help you in the long run as well. If you get good at calculating the variance that can occur due to trades, injuries, and any other unforeseen circumstances, you will drastically increase your chances of winning. Understand the stats thoroughly; this will give you an idea of all team’s strengths and weaknesses.
Another most important tip to remember is to manage your bankroll and to not get carried away. For starters, set aside a certain amount that you can afford to gamble with and use just that. If you are a beginner, start out with small bets until you get yourself familiar with the market. This will help you build confidence. It is always recommended to diversify your bets, as this will always help you minimize your losses.