Bitcoin horse racing betting is one of the most exciting forms of gambling, especially in the United States. Horse racing are fast-paced events with plenty of action and a clear winner every time. Not surprisingly, horse racing betting is popular among sports bettors.
Today you can learn more about how to bet on horse races using Bitcoin. Learn more about the types of bets available and some tips for choosing the best Bitcoin sports bets.
The best Bitcoin horse betting places in 2021
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Why bet on horses with Bitcoin?
Bitcoin horse racing betting has become increasingly popular in recent years as casinos continue to accept Bitcoin deposits. So what are the benefits of Bitcoin horse betting? Let’s take a look at some.
Fast Transactions – You can rate speed as a horse racing fan. With Bitcoin, transactions move much faster than fiat transactions. This is because there is no intermediate or third party data processing. Deposits and withdrawals take up to 20 minutes, but often immediately. Fiat transactions can sometimes take days, especially for exceptions.
You are the Jockey – One of the main problems with fiat deposits is that they are regulated by banks or local governments. By using Bitcoin, you are the banker and you control your money. While the rules for cryptocurrency change, it’s still easier to use than many fiat payment methods.
Bitcoin Horse Racing
Secure – For those who are worried about payments or withholding personal information, Bitcoin is a great alternative. Blockchain technology ensures Bitcoin works, and the technology is virtually unbreakable. When you send a payment, it cannot be intercepted. You can see that the payment was made by viewing the Blockchain, but hackers cannot modify or deduct data from the transaction.
Free means free – Do you think you have to pay to deposit or withdraw cash at a casino? Of course not. However, this is done with a credit card or other fiat payment method. Most casinos and sports booklets offer zero-fee transactions when using Bitcoin.
Universally Accepted – Bitcoin is truly a universal currency. Some casinos require you to make a deposit in your local currency, which often comes at an additional cost. Bitcoin is depositing Bitcoin with casinos and sports betting and you’re done. If a currency conversion is required, it will be done after the Bitcoin deposit. This allows you to use the currency anywhere in the world.
Types of horse racing bets available
Some people avoid betting on Bitcoin horse racing because they feel it is too complicated. The truth is that betting on horse racing is very easy if you understand the different types of betting.
Let’s take a look at the bets you can place on horse races. Let’s start with straight bets first. These are either bets on a horse or bets to finish the horse.
Win a bet – Bet on the winner of a tournament
Place a bet – Hora bets to finish in at least second place. You will also win this bet if they win the competition.
Show Bets – If you bet across the board, you bet your horse will finish in first, second or third place.
Win Place – Makes multiple bets at once to finish the horse in first and second place. If the horse wins the race, he wins both bets. If they are in second place, you will get at least a portion of your money back.
Through the deck – Similar to Win Place, but you bet on your horse to finish in the top three. If they win, you get three payouts. When placed, you will receive two payments.
Daily Doubles – A popular bet on North American racetracks, you can bet on the winners of two consecutive races at once. Both horses must win to be paid.
Then there is a betting category known as an exotic bet:
Exacta Bets – You bet on two horses for this bet. You will bet on which horse will win and which will be second. The horses must be in the order selected, otherwise they will lose the bet.
Quinella Betting – Bet on two horses to finish anywhere from first to third. The order does not matter. However, in order to be paid, they must both finish in the first three places.
Trifecta Bets – Selects the top three finishers in the tournament. The selected horses must stand in the first three places, in order, before they can win the bet.
Superfecta Bets – You bet on four horses and must select the top four finishers before winning the bet.
How to bet on Bitcoin for horse betting
Before you can register for a Bitcoin sports bet, you need to buy a little Bitcoin. For those who are new to Bitcoin, we have a guide to buying Bitcoin. If you already have a Bitcoin, go to sports betting and register an account.
After registration, you can pay directly at the cashier. Select Deposit and then select Bitcoin. Enter the amount of fiat you want to deposit and you will receive the appropriate amount of Bitcoin to send. You will also receive an address to send the payment. Once you have sent Bitcoin to that address from your wallet, you are ready to bet on various horse races.
Keep in mind that there are two types of Bitcoin sports betting. The first ones are those that allow you to bet in satoshis or mBTC. These are traditional Bitcoin sports bets. Others are Bitcoin-friendly and turn Bitcoin deposits into young ones. You look more like Bitcoin-friendly sports betting than traditional Bitcoin sports betting.
Choose the best Bitcoin horse racing betting sites
While we have a list of the best Bitcoin betting sites, choosing the best is usually a matter of personal preference. As such, here are some considerations to consider when choosing a horse race betting site:
Selection – If you choose a sports bet, you want one that allows you to bet on a wide variety of sports and not just horse racing. You also want a website that offers you plenty of competition. While it’s great to bet on the Kentucky Derby and other Triple Crown tournaments, most players want to bet on local and national events.
Software – Pay close attention to the design of the site and the software you use. Stay with casinos that use software from leading companies like Microgaming, NetEnt and SoftSwiss. If your site looks generic or uses software from an unknown provider, you may need to play elsewhere.
Licensing – Would you play on a live racetrack that is not regulated by a gaming committee? Of course not. The best online casinos and sports books are licensed and regulated. They are also proud to present their license information. Do not play on sites that are not licensed.
Support – You want a website that offers 24-7 customer service via live chat or phone. Websites that only support e-mail often offer inadequate support. 2020, and companies are able to provide at least live chat support in a cost-effective way. If they are too cheap to provide quality support, they are likely to reduce costs in other areas and should be avoided.