Backed by one of the largest and most reputable exchanges, BNB has become a favorite choice among crypto enthusiasts. Many crypto gamblers turn to Binance coin bookmakers to place bets, and I’m one of them. However, I always juxtapose sportsbooks to find the best Binance betting sites with the optimal value.
When searching for trustworthy BNB sports betting sites, the ORDB team has tested over 100 sportsbooks that accept BNB. Here are the top Binance coin bookmakers that stand out in quality and reliability.
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The Evolution of Binance Coin Sports Betting
Binance launched BNB in 2017 as a utility token on the Ethereum blockchain. However, crypto gamblers didn’t notice the potential of BNB for sports betting until 2019, when the coin transitioned to its blockchain, the Binance Smart Chain. It also has become a native token on the exchange, serving multiple applications.
Compared to other coins, Binance allowes users to transact with BNB with massive fee discounts. Since many crypto bettors already have Binance accounts, it wasn’t difficult for them to start using the native token. Crypto bookmakers that supported Binance wallets seamlessly added support for BNB in their turn.
From there onward, BNB sports betting took an impressive turn. When I first deposited using BNB at a sportsbook, I was impressed by the transaction speed — it is incredibly high.
How to Choose a BNB Sportsbook?
Some crypto sports bettors find it challenging to pick the right bookmaker to use. The task becomes easier if you know the right criteria to look for. Below are the primary factors the ORDB team considered when searching for the best BNB betting platforms.
User Reviews
Since BNB is widespread, we first read reviews from other bettors. From their feedback and ratings, we get information on what to expect from each bookmaker. It helps us to narrow the initial lengthy list of sportsbooks.
License
Like any other gambling site, BNB bookmakers should be reliable and have an unblemished reputation. We prioritize bookmakers with a valid license, which means the platform is regulated and obliged to provide unbiased betting services.
Sports Coverage
If you choose a sportsbook with few sports categories, you will be limited in the event and market choices. Choose bookmakers with extensive sports categories that include both traditional sports and contemporary eSports options.
Odds and Limits
We compare the odds for a series of sports events across multiple betting platforms to identify the site with the most competitive odds. It’s straightforward but can be highly beneficial. Also, we check the betting limits — the minimum and maximum amount you’re allowed to bet.
Bonuses and Promotions
From years of experience as a crypto bettor, I can assert that bonuses add a lot of excitement. So, check the promotions available at the Binance Coin bookmaker site you want to use. Bonuses give you a great advantage as they boost your bankroll.
Restricted Countries
Licensing authorities only permit bookmakers to operate in regions within their jurisdiction. Check if the sportsbook is available in your country, otherwise, you’ll waste time creating an account.
BNB Sports Betting vs. Traditional Betting
It’s easy to draw a straight line between BNB and traditional betting. The first requires using BNB for deposits and withdrawals; the latter allows using fiat currencies like USD, GPB, and EUR.
Hence, the key difference between both forms of betting is the payment system. Top sportsbooks do not limit their payment options to fiat currencies and BNB. They also support payments in other popular cryptocurrencies like BTC, ETH, USDT, and XRP.
Transactions processed via crypto at BNB betting sites ensure fast payouts. Whenever I use my Binance wallet, payments take a few seconds. Hence, I find Binance gambling to be a lot more convenient compared to the traditional method.
Benefits of Using Binance Coin for Sports Betting
You can use many popular cryptocurrencies for sports betting. However, I advocate for BNB because the coin introduces unique advantages. Here are some of them:
Low Fees
Binance launched BNB to relieve users of paying huge trading fees. That functionality still applies today. So, if you’re using BNB bookmakers, you can expect little to zero charges when processing transactions.
Fast Speed
This upside is common to all cryptocurrencies, but I still consider it a significant highlight for BNB. The Binance Smart Chain was designed to integrate seamlessly with the exchange service. If you use BNB with a Binance wallet, the transaction speed will be much quicker than with any other crypto coin.
Easy Appreciation
Many crypto gamblers consider volatility as a strong drawback of all crypto transactions. I won’t debate this fact, but I believe that fluctuating prices can be an upside for Binance betting sites. BNB is a utility token, it has diverse applications on the exchange platform. Binance, in its turn, is the largest crypto exchange in the world. Considering these factors, BNB’s value appreciates over time.
Support for DApps
Some crypto sportsbooks operate as decentralized apps (DApps), leveraging smart contract technology. With a personal smart chain, BNB can easily integrate with such DApps. I think it won’t be long before we get bookmaker apps built on the Binance Smart Chain.
Drawbacks and Risks of Binance Sports Betting
However, there are some drawbacks of Binance betting you should be aware of. Here are the top ones I identified:
Dependency on Binance
You can use BNB with several crypto exchanges. Still, it’s better to use a Binance wallet, since the coin is native to Binance. One of the primary advantages of betting with BNB is low fees but you can fully enjoy such benefits only using the Binance platform. Also, Binance requires KYC verification for all users who want to exchange crypto coins.
Irreversible Transactions
You can get your coins back after completing a BNB payment unless the recipient wants to return it. This is a significant downside compared to traditional payment methods, where you get some kind of fraud protection. Therefore, I find it critical to check out wallet details before submitting any transaction, whether it is a deposit or withdrawal.
Limited Regulation
When searching for the best BNB betting platform, it was quite challenging to find licensed operators. The reason is that the crypto gambling space isn’t well regulated. Hence, it’s easy to end up using an unsafe sportsbook. Eliminate this risk with the reputable Binance Coin bookmakers we have found for you.
Bonuses and Promotions in Binance Sports Betting
I’m a big fan of promotions, and I sign up only those sportsbooks that offer rewarding bonuses. Thankfully, the best BNB betting platforms don’t lack quality bonuses. Below are popular bonus types you can find at BNB sportsbooks:
Welcome Bonuses
This is the first promo you receive as a new player. You can expect the bookmaker to reward you for your first deposit with a percentage bonus. The most popular bonus I’ve encountered on the sites I tested was a 100% welcome bonus of up to $500.
Matched Deposit Bonuses
After claiming the first deposit bonus, you can subsequently get reloads. These are also matched deposit promotions and, based on my checks, the rate ranges from 50% to 200%. Most bookmakers offer these bonuses on specific days.
Free Bets
With a free bet, you can stake on sports events without removing BNB from your main account balance. It’s a risk-free reward, which can still return notable profits if your slip wins.
No Deposit Bets
You don’t always have to fund your account to claim a bonus at Binance betting sites. Many sportsbooks I tested also offer no-deposit bets you can leverage. These promos work like free bets. If your bet wins, you can withdraw the sum.
Cashback
These offers help to reduce the effect of losses by returning a portion of your lost bets. For example, I once claimed $15 as a 15% cashback bonus for a lost $100 bet.
Loyalty Rewards
When using a betting site for a long time, you become a loyal player. Thus, you get admission into the exclusive VIP club or loyalty program. According to my experience, the programs are tiered, so you have to continue betting to climb from one level to another. The good news is that the higher your rank, the richer the rewards you receive.
How to Maximize Betting Bonuses
Mostly, bettors claim promotions and get zero value at the end of the day. Hence, it’s not just about receiving the bonus, but also about using it right. In that regard, I’ve listed three expert tips that’ll help you to maximize your bonuses:
- Claim the right bonus. This may sound cliche, but it’s essential if you want to get value. You don’t have to claim every promotion available on the BNB gambling site. Activate only those offers that suit your betting pattern.
- Focus on value bets. The idea here is to not just stake for the sake of satisfying the wagering requirements. Instead, analyze each bet and pick markets that offer higher returns.
- Use free bets on riskier outcomes. I use this strategy often since markets with the lowest probability offer the highest odds. Since this bet is free, there’s zero risk on your part, but if you win, the winning sum will be impressive.
Types of Betting Odds
Bookmakers present odds in different formats. I’ll explain the common types at BNB sports betting platforms:
British Odds
Here the odds are displayed as a fraction, for example, 10/3. It means you are expected to make $10 in profits from each $3 bet.
Decimal Odds
I rate decimal odds as the most straightforward format to work with. You get decimal formats like 2.67, 5.00, and 8.86. Multiplying your bet with the odds will give you potential winnings. For instance, a $10 bet on 4.0 odds will result in $40 in winnings.
American Odds
This format presents odds as negative and positive values. So, you can get odds like -150 and +150. The -150 implies you need to bet up to $150 to win $100. +150 means you’ll get $150 for a $100 bet.
Most Popular Sports to Bet with Binance Coin
High-quality Binance coins bookmakers cover many sports, so you have diverse options. These are the 10 most popular to consider:
- Soccer
- Basketball
- Tennis
- American football
- Ice hockey
- Baseball
- Esports
- Cricket
- Horse racing
- MMA
Is Binance Betting Safe?
Yes, this betting is safe when you use reputable bookmaker sites. Check out our list of the best Binance coins bookmakers to find the most trustworthy platforms.
Is it Legal to Bet With Binance Coin?
Yes, it’s legal to bet with Binance Coin, but it depends on the jurisdiction of your country. Check out whether your local laws permit digital coins and online gambling.
How to Bet with Binance Coin
If you want to start betting with BNB, follow the simple steps I outlined below.
- Set Up a Crypto Betting Account
Check the list of the best Binance sports betting sites and pick the preferred bookmaker. Then, proceed to account creation.
- Deposit Funds
Transfer BNB from your exchange wallet to your sportsbook account. This step will take only a few minutes to complete. Double-check the wallet address to make sure it is correct.
- Select Your Betting Markets
Add your preferred markets and odds to your bet slips. I advise conducting detailed research for each outcome you select.
- Place Bets
After selecting your markets and odds, set the amount of Binance coin you want to bet and submit. There’s usually a dedicated section where you can monitor your active bets to know if you win.
Responsible Betting Practices and Tips
I always aim to stay responsible while gambling online. Here are some tips that can help to gamble responsibly.
- Use any responsible gaming tools available at the Binance bookmaker site.
- Specify a betting budget and follow it to avoid overspending.
- Regularly take breaks from gambling if you’ve been engaged for too long.
- Don’t chase losses by staking more to recover your lost bets.
- Seek professional support if you find it difficult to control your betting.
Conclusion
Betting with BNB at crypto sportsbooks comes with many advantages, but if you use unreliable platforms, you can’t fully enjoy the perks. Select a site from the list of the best BNB sportsbooks that will offer you the highest level of security and a wide range of sports categories.