With a market cap of over $5 billion, there’s no argument that BCH is one of the most valuable cryptocurrencies on the modern market. If you want to engage in Bitcoin Cash betting, the first step is to identify a top-quality bookmaker to use. Well, you don’t have to go through the stress, as the ORDB team has already handled the research. The initial list featured 100+ sites, and after evaluating each one, we selected the best sportsbooks. Check them out below:
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The Evolution and Growth of Bitcoin Cash Sports Betting
The adoption of Bitcoin Cash for sports betting was relatively rapid. The thing is that many bettors saw BCH as a similar coin to Bitcoin. Indeed, Bitcoin Cash was created as a hard fork of BTC in 2017. Unlike most tokens and coins widespread today, it wasn’t launched as a cheap coin — the initial price was $240.
Why was Bitcoin Cash created from Bitcoin? Well, the developers aimed to introduce a cheaper and quicker alternative, when BTC transaction speed and fees left much to be desired. Many crypto bettors also complained about these issues.
So, the gambling community had been waiting for the coin. Since it was built on the same blockchain as BTC, it was easy for exchanges and wallets to integrate the new coin. Hence, it didn’t take long for crypto bettors to start using BCH for transactions.
Factors to Consider When Choosing a Bitcoin Cash Sportsbook
If you want to use the best Bitcoin Cash bookmakers, here are some critical factors to weigh. I often used these criteria for my tests, so you can check them out below:
Range of Sports and Markets
Start by confirming what sports categories and markets are available. My position is that the more, the better. According to my experience, the best sportsbook offers multiple sports categories and hundreds of betting markets.
License and Regulation
If the bookmaker passes the first criterion, the next is checking its regulatory stance. I recommend going for BCH gambling platforms with a valid license from a recognized regulatory body. Thus, you can be 100% certain of getting a fair and secure service.
Odds and Payouts
Different sportsbooks feature different odd rates, and it’s not a factor to overlook. You should compare the odds and pinpoint those that promise more value — it will guarantee higher payouts.
Payment Methods
Here, you need to primarily pay attention to Bitcoin Cash. However, if that’s all the operator supports, then it’s not worth using. Sign up with a platform that supports other popular coins like BTC, ETH, XRP, USDT, DOGE, and LTC, to name a few.
Security
Yes, using crypto ensures anonymity, but there’s still a need to choose a secure sportsbook. To make sure nothing happens to the BCH coins in your betting account, check for SSL encryption and 2FA.
Customer Support
You don’t want to be left alone when you encounter difficulties on a crypto gambling site. Hence, evaluate the available customer support options. If there’s email and phone, that’s great. However, the most important thing for me is real-time support via live chat.
Bonuses and Promotions
I left this for last because it’s one aspect I place a premium on. To be straightforward, don’t pick a BCH sports betting website without valuable bonuses. You need promotions so you’re rewarded for your registration, deposits, bets, and, ultimately, loyalty.
Bitcoin Cash Betting vs. Traditional Betting
Is betting with Bitcoin Cash different from using traditional money? The answer is a resounding yes, and it all boils down to payments. With Bitcoin Cash bookmakers, you can say goodbye to entering lengthy details whenever you want to deposit or withdraw.
All you need for transactions when gambling with BCH is your wallet address. It’s a string of characters that reveals nothing about your identity. Hence, Bitcoin Cash sportsbooks also guarantee high privacy and anonymity.
Away from payments, however, things are pretty similar. Whether you choose Bitcoin Cash or traditional betting, you’ll still get the same sports and events to wager on. Likewise, the types of markets available don’t change.
Benefits of Using Bitcoin Cash at Sportsbooks
You’ll enjoy several benefits when you place bets using BCH. I’ve highlighted the primary advantages below:
Faster Transactions
When you deposit or withdraw from a BCH sportsbook, payments are lightning-fast. The coin was forked from BTC primarily for this purpose, and it meets all expectations. For emphasis, Bitcoin can handle up to 300,000 daily transactions, while Bitcoin Cash processes two million.
Lower Fees
Here’s another fundamental reason behind the creation of Bitcoin Cash. I can particularly attest that transactions with BCH are more affordable. From my account history, the average fee I pay for Bitcoin Cash payments is less than $0.01. Compared to ETH’s fee of $1.1 or BTC’s about $2, there’s a significant difference.
Potential for Profit
What I didn’t mention is that BCH was created out of disagreements on how to scale the Bitcoin ecosystem. So, the guys behind Bitcoin Cash are constantly active, adding enhancements that can potentially improve the coin’s value. Plus, the developer community is growing by the day. Thus, there’s a high probability that the coin will rise in price over time.
Widespread Acceptance
Bitcoin Cash regularly benefits from being a fork of the initial cryptocurrency. I didn’t find it challenging to locate bookmakers that accepted BCH.
Drawbacks and Risks of Bitcoin Cash Sports Betting
There are also a few risks of BCH sports betting I believe you should know of:
High Volatility
While this drawback will apply to any cryptocurrency, Bitcoin Cash has particularly recorded significant volatility since its launch. I bought my first BCH in September 2017, when it was around $1,000. By October, in less than a month, the price climbed to about $4,000. The Bitcoin Cash price is much lower now, but the volatility persists. While the fluctuations often move in a favorable direction, the reverse can also easily be the case.
Security Concerns
To allow faster and cheaper transactions, Bitcoin Cash developers had to increase the block size. So, while BTC took hundreds of thousands of nodes to validate transactions, the estimate for BCH is around 200. I think it’s pretty easy to see why BCH is considered less secure than BTC and many other coins. However, while it may not be as secure, there haven’t been any significant security breaches on the Bitcoin Cash network.
Bonuses and Promotions in Bitcoin Cash Sports Betting
My favorite part about BCH betting websites is the array of bonuses available to claim. Below are the top ones you can expect if you use a qualified bookmaker:
Welcome Bonuses
Here’s the bonus you get as a newly registered bettor. You can expect a deposit match or free bet for this option, and you usually have to fund your account to qualify.
Matched Deposit Bonuses
You can also call these reloads, as they return a percentage of your deposit up to a particular sum. For example, a 100% match deposit bonus up to $200. It means if you fund your account, the bookmaker will double it, with $200 being the maximum possible amount.
Free Bets
If you want a risk-free betting opportunity, you’ll want to claim free bets at Bitcoin Cash bookmakers. These bonuses give you free cash to bet with, but you can withdraw profits if you win. Free bets can be deposit or no-deposit rewards. For the former, you’ll have to fund your account to qualify, while the latter requires no payment.
Cashback Bonuses
As an experienced bettor, I can tell you one fact: not all wagers you place will win. I’m sure you know that, too. Thankfully, Bitcoin Cash betting sites have cashback bonuses that reduce the effect of the loss. If you opt-in for this promotion, you’ll get back a portion of each lost wager as bonus cash or free bet.
VIP & Loyalty Programs
With loyalty programs, you get rewards for using a sportsbook over time. The more you deposit and place bets, the higher your rank in the loyalty club. Most VIP programs deliver cashback, free bets, and no deposit bonus cash as rewards. You can also get a private account manager when you reach the top tier.
How to Maximize Betting Bonuses
When you claim promotions, you have to use them optimally to get maximum value. Below are strategies I employ, which you’ll also find helpful:
- Research bets you’ll place according to the bonus T&Cs even before claiming the promotion.
- Split your bets across different bet slips to diversify your chances of winning.
- Time your wagers properly by the bonus expiry date.
- Focus on bets with valuable odds that’ll help you meet the wagering requirements faster.
- Consider in-play betting for free bets, so your slip settles instantly, and you’ll be able to withdraw if you win.
- Join the BCH sportsbook community to get insights into helpful bonus strategies.
Types of Betting Odds
The best sportsbooks that accept Bitcoin Cash often allow you to switch between odd formats. Which is the best to use? Well, I’ll explain the major types so you can make your pick. Check them out below:
Fractional Odds
As the name says, these odds are written as fractions. They’re also known as British odds, and here are examples:
- 4/2
- 10/7
- 9/3
The first number is your potential winnings, while the second is your wager. So, 4/2 odds mean you can win $4 from betting $2.
Decimal Odds
If you’ve ever visited a crypto betting site, chances are you met decimal odds. They’re the most popular, and here are some examples:
- 2.35
- 6.88
- 10.74
You multiply the odds with your bet amount to determine your winnings. So, a $10 stake on 10.74 odds means you can win $107.4.
American Odds
Some BCH betting sites feature these as money lines, which come with positive and negative values. Here are examples:
- -200
- +200
The -200 odds mean you’ll bet $200 to win $100. Conversely, the +200 odds mean you’ll win $200 from a $100 wager.
Payouts and Effect on Odds
It’s essential to understand the odds when gambling with BCH, as they influence your payout. From the three types of odds, I explained, you can confirm that the higher the odds, the more payouts you’ll get from a win. However, I must mention that higher odds have a lower probability of winning.
Most Popular Sports to Bet with Bitcoin Cash
As a Bitcoin Cash gambler, you’ll surely get a variety of sports to wager on top bookmaker websites. If you need recommendations, here are the categories I recommend:
- Soccer: This sport has massive global popularity, and it’s the #1 category on all BCH betting sites. I enjoy it because of the many betting markets and competitive odds.
- American Football: You can engage in American football betting if you’re a fan of the NFL. Based on my research, the multiple bet types available are the primary reason Bitcoin Cash bettors love this sport.
- Basketball: Here, the focus is on the NBA, which is quite a thrilling competition. The fast gameplay and live betting options are the major draws of basketball.
- Baseball: This sport will spike your interest if you enjoy strategic depth while betting. Plus, it boasts a long season, so there are always options to bet on.
- Tennis: The popularity of tennis on crypto sportsbooks is caused by the sport’s simplicity. You can wager on straightforward win/loss outcomes, and the various tournament formats make things interesting.
Is Bitcoin Cash Betting Safe?
Yes, betting with Bitcoin Cash is safe based on my evaluations. However, to guarantee security, you must only use reliable bookmakers.
Is it Legal to Bet With Bitcoin Cash?
Yes, it is legal to bet with Bitcoin Cash, as the coin is a recognized cryptocurrency. However, gambling laws vary from region to region, so check with your local regulations to decide whether Bitcoin Cash is legal for you.
How to Bet with Bitcoin Cash
It’s pretty easy to start betting with BCH on bookmaker websites. If you’re ready, below are the steps to take:
- Set Up a Crypto Betting Account
Search for the BCH sports gambling platform you want to start with and create an account. If you feel uncertain, you can always pick one from the options we suggested above.
- Deposit Funds
Transfer Bitcoin Cash from your exchange wallet to your sports betting account BCH address. I advise you to cross-check before sending because the transactions are instant and irreversible.
- Select Your Betting Markets
Now, navigate the sportsbook and find events and markets you’re interested in. Add them to your bet slip by clicking the odds.
- Place Bets
Finally, enter the amount of BCH you want to bet on your bet slip and hit the submit button. You can then track the results of the events you selected and withdraw if you win.
Responsible Betting Practices and Tips
Sports betting using BCH is fun. However, if you don’t control your activities, it may get out of hand. Below are the practices I use to stay responsible when gambling:
- Have a betting budget and stick to it.
- Make sure you have a firm understanding of a betting market before you place your money on it.
- Set limits on your sessions, so you don’t spend more time than is healthy on the sportsbook.
- Don’t bet if you’re not in a neutral state of mind.
- Know when to take a break or self-exclude if you’re having difficulties controlling your betting.
Conclusion
If you want to get a premium experience with the top Bitcoin Cash betting websites, you can apply to the best we carefully picked for you. When choosing the platform, remember that there are many upsides and a few drawbacks to using BCH, which you should weigh. Above all, however, ensure you maintain responsible gambling habits.