Many crypto gamblers choose USDT for betting primarily because it’s a stablecoin. That was the main draw for me, too, but I recognize other exclusive benefits of Tether as well. If you want to fully enjoy the upsides of Tether betting, you need to sign up with a reliable sportsbook.
So, how do you find quality USDT bookmakers? ORDB team tested and reviewed over 100 betting sites that accept the stablecoin. You can check out the results of our work in the list below:
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1st deposit bonus up to $750
1500 EUR + 200 FS
1500 EUR + 200 FS
The Evolution and Growth of Tether Sports Betting
For over five years since Bitcoin was released, the crypto space was all about volatility. The crypto price rose and fell frequently. Many gamblers used to consider it as the main disadvantage, as the fluctuating values could affect their bankroll. However, the scene of the crypto market changed significantly in 2014, when USDT launched.
Initially, the coin was known as Realcoin, since the primary goal was to create a “real” currency. Hence, the price of Tether was pegged to the US dollar, exchanging at a 1:1 rate. However, only in 2015, Tether started gaining ground in online gambling.
As Realcoin, USDT was built on the Bitcoin blockchain. Then, the developers rebranded the coin to Tether and extended support to other blockchains. Support for ERC-20 was one key event that drove its adoption. Many wallets began accepting it, including those supported at online sports gambling sites.
Factors to Consider When Choosing a Tether Sportsbook
When choosing the best USDT sports betting site, we considered multiple factors. Here I’ve highlighted the core ones below:
Support for USDT
This may sound like a no-brainer, but it’s essential. Some crypto betting platforms focus on volatile coins rather than stablecoins like Tether. Therefore, you should confirm that the sportsbook on your radar accepts USDT.
Variety of Markets
When it comes to sports betting, we all have personal preferences. For a fact, the sports and markets I want to wager on may be different from yours. It’s best to use Tether bookmakers that support many sports categories, so you’ll always find a betting option.
Competitive Odds
One thing we don’t fail to do is to compare odds on multiple betting sites. When you do that, you can quickly pinpoint which sportsbook offers more value for your bets, since odds determine the payout.
Bonuses and Promotions
Don’t forget about the offers available on the betting site. We always pay attention to the welcome bonus, reloads, cashback, free bets, and loyalty bonus. While this criterion is non-negotiable, it’s essential not to be carried away by the bonus amount. Ensure that you also review the terms and conditions.
Security and Regulation
The best sportsbook to bet is one that’s safe and transparent. We check out secure measures available and licensing information. Regarding security, check for SSL encryption and 2FA (usually via Google). The Tether betting site should hold a valid license from a reputable body.
Supported Countries
Check out whether players from your region are eligible to register at the USDT gambling platform. Crypto is globally accessible, but iGaming regulatory licenses limit bookmakers’ reach. Nevertheless, you can locate an eligible Tether sportsbook by focusing on operators in your jurisdiction.
Tether Betting vs. Traditional Betting
Betting with USDT shares many similarities with using traditional currency. That’s because, as I mentioned, Tether’s value is pegged to a traditional currency — The US dollar. So, if you place a $5 wager on a traditional gambling platform, it’ll be equivalent to a 5 USDT bet on a USDT sports betting site.
However, there’s a variance when it comes to how you deposit funds to place your bets. With traditional currency, you’ll use options like bank cards, eWallets, and transfers. Meanwhile, all Tether transactions are facilitated using a crypto wallet.
Gambling with USDT is much more secure and faster than traditional betting. You won’t have to type lengthy financial details, as you’ll simply paste your wallet address. The transaction happens on a blockchain, so it’s rapid.
Benefits of Using Tether for Sports Betting
I prefer USDT betting over many other popular cryptocurrencies because the coin has many upsides. Below are the top advantages to expect:
Stable Value
Undoubtedly, this is the primary benefit of using Tether sportsbooks. USDT is a stablecoin, so its value doesn’t fluctuate regularly. My last win on a Tether bookmaker platform was 67 USDT. I withdrew the money five days later, and it was still the same. If it were BTC, for instance, the value would be higher or lower, and the latter is a big disadvantage.
Easy Accessibility
Tether is the most popular stablecoin in the crypto space. Hence, you don’t have to struggle to find a sportsbook accepting USDT.
Higher Limits
This advantage particularly applies when you compare USDT to traditional betting. With USD, you’ll usually be limited to a particular amount per transaction, depending on your payment channel. However, crypto wallets can accommodate large amounts. If you opt for USDT instead of USD, you’ll enjoy higher withdrawal limits.
Anonymity and Privacy
In my opinion, USDT’s main strength is that it blends traditional and crypto payments. So, while you enjoy the price stability pegged to the dollar, you still get anonymous gambling with the privacy of digital coins.
Drawbacks of Tether Sports Betting
The upsides I highlighted previously are valid, but nothing is perfect. Gambling with Tether bookmakers also has a few downsides, as listed below:
Market Risks
While stable, the value of USDT isn’t always 1:1 to the dollar. Sometimes, market events can cause it to depreciate slightly, and this is known as “depegging.” I vividly remember December 2022 when the value of 1 USDT dropped to $0.108. Such events are rare, but it’s essential to always watch out for them.
Regulatory Concerns
Tether may have a fixed value with the dollar, but regulatory bodies classify it as any other cryptocurrency. The iGaming landscape has limited regulations for crypto betting, and that goes for USDT as well.
Bonuses and Promotions in Tether Sports Betting
At the Tether sports betting sites on my top list, you’re sure to get a wide range of exciting bonuses. Check out these offers below:
Welcome Bonuses
This bonus type is more or less a constant at many betting sites. As you create your account, you can claim a promotion that welcomes you as a new player. For the sites I tested, the most regular welcome bonus comes in the form of a match bonus with free bets. Usually, you have to make a qualifying first deposit to activate the reward.
Matched Deposit Bonuses
A USDT sportsbook may reward you with a percentage of your payment each time you fund your account. That’s what matched deposit bonuses are all about. For example, you can get 150% of your deposit up to $500. However, you need to bear in mind that these promotions are usually only available on designated days.
Free Bets
Free bets are among my favorite bonuses at Tether betting sites because they allow you to wager with zero risks. In most cases, they’re standalone, but you can also receive them in matched deposit bonuses.
No Deposit Bets
Some generous betting sites have free bonuses you can receive without making any payment. While testing the best USDT sportsbooks, I noted that most no-deposit bets are generally the same as free bets. Hence, they’re a top option for risk-free wagering.
Cashback Bonuses
Cashback bonuses provide some relief if your bets aren’t successful. I once received a 10% cashback on a 300 USDT lost bet, so I was credited with 30 USDT. Note that cashback comes with a set of wagering requirements, so you can’t withdraw it directly.
Referral Bonus
To expand their user base, Tether sportsbooks feature referral bonuses. If you recommend someone sign up and use the site, you get the reward. Generally, it requires you to share a unique code or link with your referral.
VIP & Loyalty Programs
Loyalty clubs are tiered programs where you climb from one level to another. Simply put, the more you bet on the crypto bookmaker platform, the higher your tier. From my observations, the bonuses you receive from loyalty programs are always more valuable than regular rewards.
How to Maximize Betting Bonuses
It’s not enough to simply claim bonuses. You have to use the promos perfectly to get maximum benefits, and here are tips I recommend following:
- Pick the correct bonus. If you prefer small, frequent bets, claim a deposit bonus. In case you’re more comfortable with larger wagers, free and no-deposit bets are best.
- Don’t just treat it as a free reward. It’s easy to view bonuses as simply free money. But if you consider the promo to be just as important as your real money balance, you’ll appreciate it more.
- Confirm the rollover requirement. Figure out how you must wager to withdraw your winnings from the onset. That way, you can perfectly plan your bet to get a payout in the fastest possible time.
- Don’t engage in matched betting. From my tests, many top Tether bookmakers have policies against betting on opposite outcomes. If you do so, you’ll forfeit the bonus and all associated winnings.
- Search for value bets. The idea is to find markets with higher odds than the actual probability of the event occurring. It’ll require some time and detailed analysis, but the result is always worth it.
Types of Betting Odds
If you want to have a quality betting experience, you need to know how to read the odds. Here are the main types of betting odds:
Fractional/British Odds
If you see values like 10/1, 15/3, and 20/4, they’re fractional odds also called British ones. The first number represents potential profit, while the second signifies the bet amount. So, if it’s 10/1, it means you can potentially win $10 from a $1 stake.
Decimal Odds
These odds are presented in decimals, like 2.4, 3.6, 6.9, and so on. Most Tether sports betting sites I reviewed featured decimal odds by default. You’ll simply multiply your wager and the odds to know your potential winnings. So, if the odds are 2.4 and you bet $10, you can win $20.4.
American Odds
I’ll say this odd format is less common, but it’s still popular on some sites. The values are displayed with positive and negative values like -150 and +150. With -150, you’ll get $150 to win $100. But with +150, you’ll win $150 with a $100 bet.
Payouts and Effect on Odds
Picking the right odds when gambling on a USDT bookmaker platform is vital for many reasons. However, the most important thing is that it affects your payouts. Payouts are inversely proportional to odds, and that’s a fact.
To put it simply, higher odds come with increased payouts, while lower odds have minimal profits. If the odds are high, there’s a low probability of the event occurring. The reverse is the case if the odds are low.
Most Popular Sports to Bet with Tether
When reviewing USDT sports betting sites, I noted that some sports take precedence over others. Of course, you can bet on any category you prefer when you sign up. However, these are the most popular among Tether gamblers:
- Soccer: There’s no surprise here since soccer is the #1 sport in the world. With hundreds of leagues and competitions plus a variety of markets, there’s always something to bet on.
- Basketball: The fast-paced action of basketball games captures the interest of many USDT bettors. I enjoy basketball because there are vast statistics and analysis available for research.
- American football: This category is prevalent among gamblers who prefer money lines. Nevertheless, it’s pretty exciting with unique bets like point spreads and prop bets.
- eSports: I wasn’t a fan of eSports betting until a few months ago, and now I completely understand why it’s a favorite for many. The available selection is quite vast, and it’s one category where you can leverage the strategic prowess of competitors.
- Tennis: The game of tennis needs no introduction. If you sign up on Tether gambling sites and want to bet on individual competitions, there are not many as extensive as tennis.
Is Tether Betting Safe?
Yes, betting with Tether is safe using reputable platforms. You won’t be at any volatility risks, as the coin is stable.
Is it Legal to Bet With Tether?
Yes, betting with Tether is legal when you sign up with a licensed and regulated bookmaker. However, my advice regarding legality is always to check your local iGaming laws.
How to Bet with Tether
Some players mistake crypto sports betting to be complicated, but it’s not. You can engage in USDT gambling by simply following the steps below:
- Set Up a Crypto Betting Account
The first step is to create your USDT betting account. Check out the list of top USDT sportsbooks and choose any bookmaker that suits your preferences; sign up, and that’s all.
- Deposit Funds
Copy the betting site’s wallet address and launch your Tether exchange wallet. Then, transfer the amount of coins you want to deposit from your wallet to that of the bookmaker.
- Select Your Sporting Markets
This is where you start browsing sports events and markets. If you come across any you want to bet on, click the odds and add the event to your slip.
- Place Bets
In this final step, specify the amount of USDT you want to wager on your bet slip and submit. You can monitor your active bets to know when you win in a dedicated section via your dashboard. On the majority of Tether bookmakers I tested, there was a “My Bets” section.
Responsible Betting Practices and Tips
You can’t skip responsible practices when it comes to betting. Whether you’re using USDT, other digital coins, or fiat money, here are the top tips I recommend:
- Only sign up and play at reputable Tether gambling platforms like those on my list.
- Properly research events and markets before placing any bet.
- Don’t wager more than you can afford to lose.
- Avoid betting using your emotions or some other hunch, as gambling is always dependent on chance.
- Set limits on your deposits, sessions, and losses at a betting site.
- Don’t chase losses, and know when to take a break from betting if things aren’t going well.
- Quickly get in touch with professional responsible gambling organizations if you’re having gambling problems.
Conclusion
Now you’re well-versed in the ins and outs of Tether betting. Pick a reliable bookmaker from the list of the best Tether bookmakers we tested. When betting, be sure to practice responsible gambling tips and always research your picks, so you’ll have a more satisfying experience while gambling with Tether.