Overview of Bitcoin Accepting Sportsbooks
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This thread is aimed at providing an overview of the major Bitcoin accepting sportsbooks, based on the margin (house edge) that they charge. There are many fiat sportsbooks that accept BTC as a deposit (ex Bookmaker.eu, Bovada, etc), but they will not be listed due to the sheer number of them, general lack of good margins, fiat conversion and forced KYC.
Optimally, you want to play at the sportsbooks with the lowest margin to maximize your profits, and keep a balance on a few sportsbooks so that you can "shop" for better odds. The higher margin that a book has, the less chance you will have to make a long term profit. Generally, betting on options with a margin above 5% should be avoided if you want to turn a long term profit.
The Importance of Low MarginsSports margins are basically the house edge for games such as Dice or Roulette. Imagine bets as a coin flip. With a 5% margin, your bet pays out at odds @1.905 if it wins, giving you a profit of 0.905 units. With a 2% margin, your bet pays out at odds @1.96, giving you a profit of 0.96 units.
You just won 6% more because you chose to bet on a sportsbook with a lower margin. Pinnacle has a more indepth explanation if you're interested.
Sportsbooks Used For ComparisonThe following sportsbooks will be used for comparison: (sorted alphabetically)
BetcoinBetKing | BetKing unfortunately shut down their sportsbook.
BitcoinRushCloudbetJetwinmBitCasinoNitrogenSportsbet.ioThese were chosen because they are the most popular, offer the best odds, or offer more options. I believe the list covers all semi-reputable Bitcoin focused sportsbooks.
Betcoin and Jetwin were added after I did most margin calculations. They will be included in future updates, but may be missing in some current comparisons.
1xbit is not included because you will get scammed 99% of the time. Avoid.
If you do not have an account at a sportsbook and are interested in registering, I have a referral link for most of them if you're feeling nice. Send me a PM, as ref links can't be publicly posted.
Soccer/FootballI will be providing a comparison of major soccer events, on the Moneyline/Match Winner, Totals and Asian Handicap markets. The most balanced line will be used (meaning, the options with odds closest to 50%. Many books will increase margins for significantly more likely/unlikely events, such as Over/Under 0.5). Most other markets will have a significantly higher margin, and are less popular, so they will not be covered in this overview. Margins will be calculated by using two events, and averaging the margins. The lowest margin is
bolded.
EPL (English Premier League):| | Sportsbook | | | Match Winner Margin | | | Over/Under Margin | | | Handicap Margin | | |
| | Betcoin | | | 1.57% | | | 4.00% | | | 6.92% | | |
| | BitcoinRush | | | 1.78% | | | 2.34% | | | 2.41% | | |
| | Cloudbet | | | 2.13% | | | 2.65% | | | 2.42% | | |
| | mBitCasino | | | 5.99% | | | 3.29% | | | 2.42% | | |
| | Nitrogen | | | 2.20% | | | 3.11% | | | 2.87% | | |
| | Sportsbet.io | | | 4.80% | | | 5.88% | | | 3.98% | | |
Note: While Betcoin has a smaller overall margin, they use a different odds provider than BitcoinRush. If you like to bet on Match Winner markets, I would keep funds at both sites, and compare between those two to get the best possible odds.
I've grouped the events for other major European soccer together as there would be way too many tables otherwise. Margins for them are quite similar across each sportsbook, which is why I combined them.
Major European Soccer: (La Liga, Bundeseliga, Ligue 1 and Serie A)| | Sportsbook | | | Match Winner Margin | | | Over/Under Margin | | | Handicap Margin | | |
| | Betcoin.ag | | | 2.33% | | | 7.34% | | | 7.16% | | |
| | BitcoinRush | | | 2.86% | | | 2.89% | | | 2.08% | | |
| | Cloudbet | | | 3.83% | | | 5.10% | | | 3.55% | | |
| | Jetwin | | | 8.43% | | | 5.85% | | | 5.98% | | |
| | mBitCasino | | | 5.96% | | | 3.72% | | | 3.09% | | |
| | Nitrogen | | | 3.36% | | | 4.22% | | | 3.60% | | |
| | Sportsbet.io | | | 5.00% | | | 4.69% | | | 4.56% | | |
Champions's League margins are a bit higher than the national European leagues.
UEFA Champions League:| | Sportsbook | | | Match Winner Margin | | | Over/Under Margin | | | Handicap Margin | | |
| | Betcoin.ag | | | 2.06% | | | 6.84% | | | 6.56% | | |
| | BitcoinRush | | | 2.98% | | | 2.83% | | | 2.22% | | |
| | Cloudbet | | | 3.60%[1] | | | 3.37%[1] | | | 2.59% | | |
| | Jetwin | | | 6.82%[1] | | | 5.77% | | | 5.87% | | |
| | mBitCasino | | | 8.06% | | | 3.70% | | | 3.00% | | |
| | Nitrogen | | | 3.61% | | | 3.92% | | | 3.22% | | |
| | Sportsbet.io | | | 4.94% | | | 4.97% | | | 4.93% | | |
[1] Cloudbet/Jetwin had a extremely high margins for the second event I chose, likely because it's farther out from starting. As it is clearly an outlier, I have excluded it from this data.For the UEFA Nations League: Cloudbet and Jetwin race to see who has the highest margins, and BitcoinRush once again sweeps with the lowest margins overall.
UEFA Nations League:| | Sportsbook | | | Match Winner Margin | | | Over/Under Margin | | | Handicap Margin | | |
| | Betcoin.ag | | | 5.11% | | | 6.56% | | | 6.99% | | |
| | BitcoinRush | | | 2.96% | | | 3.38% | | | 2.63% | | |
| | Cloudbet | | | 12.75% | | | 5.87% | | | 5.93% | | |
| | Jetwin | | | 12.39% | | | 8.49% | | | 8.41% | | |
| | mBitCasino | | | 5.98% | | | 5.55% | | | 4.89% | | |
| | Nitrogen | | | 3.45% | | | 4.01% | | | 3.18% | | |
| | Sportsbet.io | | | 4.19% | | | 4.92% | | | 3.98% | | |
BaseballFor Baseball, the Match Winner, Over/Under and Handicap markets will be used. These are the major baseball markets. Margins will be calculated by using two events, and averaging the margins. The lowest margin is
bolded.
MLB:| | Sportsbook | | | Match Winner Margin | | | Over/Under Margin | | | Handicap Margin | | |
| | BitcoinRush | | | 2.01% | | | 2.94% | | | 2.71% | | |
| | Cloudbet | | | 3.17% | | | 4.15% | | | 3.90% | | |
| | mBitCasino | | | 3.02% | | | 6.30% | | | 4.14% | | |
| | Nitrogen | | | 3.18% | | | 3.75% | | | 3.61% | | |
| | Sportsbet.io | | | 4.03% | | | 4.06% | | | 4.10% | | |
American FootballFor American Football, the Match Winner, Asian Handicap and Totals markets will be covered, as they are the most popular. I will add NCAA comparisons if there is demand, however I'm starting with just the most popular (NFL). The lowest margin is
bolded.
NFL:| | Sportsbook | | | Match Winner Margin | | | Over/Under Margin | | | Handicap Margin | | |
| | Betcoin | | | 3.93% | | | 5.30% | | | 7.63% | | |
| | BitcoinRush | | | 2.67% | | | 2.78% | | | 2.98% | | |
| | Cloudbet | | | 2.75% | | | 3.04% | | | 3.36% | | |
| | Jetwin | | | 4.87% | | | 5.45% | | | 5.65% | | |
| | mBitCasino | | | 2.67% | | | 2.78% | | | 2.92% | | |
| | Nitrogen | | | 2.69% | | | 2.91% | | | 3.12% | | |
| | Sportsbet.io | | | 4.06% | | | 3.90% | | | 4.06% | | |
TennisFor Tennis, the Match Winner, Game Handicap and Totals markets will be covered, as they are the most popular. The below margins are for the finals of Chengdu Open and Shenzen Open. The less important matches (such as Round of 64) generally have higher margins, but this is a good starting point. It's always a good idea to shop around for better odds. WTA is generally the same as ATP. The lowest margin is
bolded.
ATP:| | Sportsbook | | | Match Winner Margin | | | Over/Under Margin | | | Handicap Margin | | |
| | BitcoinRush | | | 1.90% | | | 2.57% | | | 2.46% | | |
| | Cloudbet | | | 3.33% | | | 3.64% | | | 4.17% | | |
| | mBitCasino | | | 5.01% | | | 4.99% | | | 4.96% | | |
| | Nitrogen | | | 3.47% | | | 3.96% | | | 4.57% | | |
| | Sportsbet.io | | | 6.02% | | | 6.12% | | | 5.85% | | |
Data not averaged for WTA as only one final is going on at the moment. I'll try to catch the next final to add an average. Unfortunately,
Cloudbet didn't offer odds for the major markets of this event, so they were not included.
WTA:| | Sportsbook | | | Match Winner Margin | | | Over/Under Margin | | | Game HandicapMargin | | |
| | Betcoin.ag | | | 4.76% | | | 5.34% | | | 3.91% | | |
| | BitcoinRush | | | 2.07% | | | 2.59% | | | 2.56% | | |
| | Cloudbet | | | N/A | | | N/A | | | N/A | | |
| | Jetwin | | | 10.64% | | | N/A | | | N/A | | |
| | mBitCasino | | | 3.89% | | | 4.19% | | | 5.26% | | |
| | Nitrogen | | | 3.56% | | | 4.17% | | | 3.95% | | |
| | Sportsbet.io | | | 6.01% | | | 6.14% | | | 5.83% | | |
MMAFor MMA, the Match Winner and Under/Over markets will be used. The specific match used for this comparison is the Khabib Nurmagomedov - Conor McGregor fight on Oct 6, as it is one of the more major ones. The lowest margin is
bolded.UFC:| | Sportsbook | | | Match Winner Margin | | | Over/Under Margin | | |
| | Betcoin.ag | | | 7.07% | | | N/A | | |
| | BitcoinRush | | | 2.82% | | | 3.80% | | |
| | Cloudbet | | | 5.25% | | | 6.01% | | |
| | Jetwin | | | 8.33% | | | 7.99% | | |
| | mBitCasino | | | 4.85% | | | 6.01% | | |
| | Nitrogen | | | 3.03% | | | 4.07% | | |
| | Sportsbet.io | | | 6.07% | | | 6.01% | | |
BasketballFor Basketball, the Match Winner, Under/Over and Handicap markets are used. The lowest margin is
bolded.
NBA:| | Sportsbook | | | Match Winner Margin | | | Over/Under Margin | | | Handicap Margin | | |
| | Betcoin.ag | | | 5.91% | | | 6.20% | | | N/A% | | |
| | BitcoinRush | | | 2.56% | | | 2.57% | | | 2.47% | | |
| | Cloudbet | | | 3.06% | | | 2.57% | | | 2.85% | | |
| | Jetwin | | | 4.56% | | | 3.63% | | | 3.53% | | |
| | mBitCasino | | | 2.56% | | | 2.57% | | | 2.47% | | |
| | Nitrogen | | | 3.59% | | | 3.64% | | | 3.61% | | |
| | Sportsbet.io | | | 5.82% | | | 6.39% | | | 5.84% | | |
Ice HockeyFor Ice Hockey, the Match Winner, Under/Over and Handicap markets are used. The lowest margin is
bolded.
NHL:| | Sportsbook | | | Match Winner Margin | | | Over/Under Margin | | | Handicap Margin | | |
| | Betcoin.ag | | | 7.86% | | | 7.52% | | | 8.13% | | |
| | BitcoinRush | | | 2.42% | | | 2.93% | | | 2.51% | | |
| | Cloudbet | | | 3.76% | | | 4.03% | | | 4.11% | | |
| | Jetwin | | | 6.10% | | | 6.00% | | | 5.41% | | |
| | mBitCasino | | | 4.35% | | | 4.70% | | | 5.23% | | |
| | Nitrogen | | | 2.97% | | | 3.28% | | | 3.66% | | |
| | Sportsbet.io | | | 3.89% | | | 4.13% | | | 3.82% | | |
EsportsData below is from user beam2546. Please click on the quote to view his full post for more specifics such as the event and comparisons with fiat books. I personally have never played at Buff88 or 1xBit so please do your own research instead of blindly depositing.
ESPORT:- = Not available.
| | Sportsbook | | | Match Winner Margin | | | Over/Under Margin | | | Handicap Margin | | |
| | Buff88 | | | 5.88% | | | 6.25% | | | 6.21% | | |
| | 1xbit | | | 7.40% | | | 9.77% | | | 8.56% | | |
| | mBitCasino | | | 5.88% | | | 6.25% | | | 6.21% | | |
| | Nitrogen | | | 5.97% | | | - | | | - | | |
| | Sportsbet.io | | | 5.90% | | | 7.86% | | | 7.97% | | |
Sportsbook FeesSportsbooks charge (or don't charge) fees, and those can affect your bottom line. Here's an overview of sportsbook fees:
Markets OfferedThere are too many available markets (especially for events such a Soccer) to have a nice table, but I will try to offer basic descriptions of how many markets are available. BitcoinRush only offers the most basic markets and occasional props. Nitrogen is the same, with the addition of Corners betting for soccer. All other books listed (Betcoin, BetKing, Cloudbet, mBitCasino, and Sportsbet.io) have a wide range of markets. One notable thing to mention is that BetKing lacks Asian Handicap markets for Soccer betting.
TLDR/FAQWhat sportsbook should I use?It's better to have accounts at multiple sportsbooks, as odds vary. I personally keep Sportsbet.io, Betcoin and BitcoinRush funded for my betting.
If you must choose one, I'd go with BitcoinRush or Betcoin depending on what you bet on. BitcoinRush if you just like the "traditional" betting options such as Moneyline, Totals and Handicap. Betcoin if you want a larger variety.
My own calculations are different!I aim to be 100% accurate, however mistakes can happen, and sportsbooks can change their margins. Rounding can also cause a minor change in margin. If someone seems considerably off, post in the thread or send me a PM and I'll update it.
Can I stay anonymous?Betcoin and Nitrogen and won't ask for KYC. Sportsbet.io, Cloudbet and mBitCasino don't require KYC, but may request that you do it. BitcoinRush doesn't require it, but they 'reserve the right'
and seem to have a profit limit for those who don't KYC.Why should I listen to you?You shouldn't. Don't trust, verify. You can calculate margins yourself using
this calculator. I'm a semi-experienced sports bettor who plays medium-ish stakes (50 mBTC to 200 mBTC per bet usually).
Why did you make this thread?Merit farming. There's no good overview of bitcoin accepting sportsbooks. Those that do exist seem to be very bad.
If you have any other questions, I'd be happy to answer them.
MiscellaneousSportsbet.io offers a '
Price Boost' that lets you boost the odds of a selection, per sport every 24 hours. It reduces margin to anywhere around -1% to 1.5%. If you don't place many bets, and don't mind KYC, Sportsbet.io is the best sportsbook for you.
BitEdge is decent for odds comparisons, but they don't include BitcoinRush or BetKing (the two sites with lowest margins)
Fairlay is a sports betting exchange. It's a bit harder/confusing to use, but you can get lower margins some of the time. They charge a 0.25 mBTC withdraw fee and have a 0.25% commission on winnings, so keep that in mind. BetBTC.co is another option for an exchange, except they charge a whopping 4% commission.
BitcoinRush offers betbacks as part of their loyalty program. It gives you 0.1% of your sport bet back, win or loss and can increase if you wager over 20 BTC. This further decreases the margin.
For transparency, you can view the raw data
here.To sportsbooks: If you improve your margins, send me a PM and I'd be happy to update my overview.
This topic is self moderated to prevent spam.
Thread format is based off of Mitchell's Signature Campaign overview thread.