Types of Sports Bets Offered by Crypto Bookies

There’s something oddly thrilling about placing a last-minute bet on a match halfway across the world especially when using crypto. Sometimes, it’s simply because of the rush of it while other times, it’s the ease of clicking a button to put your funds on the line. However, for most bettors, it’s about the variety that crypto bookies offer since they don’t stick to the basics alone. 

These platforms offer dozens of bet types that turn even the fullest games into something worth watching. With these varieties, you’re betting on who wins while also guessing scores, predicting player stats or even wagering on moments mid-game. So if you’re new to the betting world, this article walks you through the most common sports bets that crypto sportsbooks offer today. Here we go. 

Moneyline Bets

Moneyline bets are the simplest and most common type of sports bets you’ll find in sports like football, basketball, tennis, etc. Here, you’re choosing a game’s most likely winner with no concerns about margins or scores. If your prediction is correct, you get paid based on the odds at the time you placed the wager.

An example is if you bet on Arsenal to beat Chelsea and they win, you get paid; if not, you lose your stake. As you can see, moneyline bets are perfect for beginners, and crypto sportsbooks make it even easier with fast, secure transactions and flexible odds formats.

Over/Under Bets

Over/Under bets allow you to predict the total number of goals, points or runs in a match without picking a winner. The sportsbook sets a number and you guess if the actual total will go over or under that line. For example, in a football game with a 2.5 line, if the match is 2-1 (3 goals), an over bet is a winner. But if it is 1-0, an Under bet is the winner.

This type of bet is common in football, basketball, baseball and more. It is ideal if you foresee a high-scoring or low-scoring game but don’t desire to take a guess at the winner. 

Handicap Bets

Handicap bets (also called point spread bets) are a way of leveling the odds between two teams. In this scenario, the sportsbook assigns one of the teams a fictional head start before the actual game. For instance, if Team A is the clear favorite, the sportsbook may provide Team B with a +2 goal handicap. So assuming you support Team B and they lose the match 1-0, you will win the bet because the handicap levels the score.

This kind of bet comes in handy if the game seems to be one-sided, yet you desire to have a fair wager. But note that this handicap bet comes in different times including Asian handicap and European handicap, giving you better flexibility for your bets.

Outright Bets

Outright bets, also called futures, are wagers on the result of an entire season or tournament as opposed to the result of an individual match. With this, it’s possible to bet on:

• Who will be the winner of the Premier League
• Who is going to win the NBA
• The highest-scoring player in a tournament

You usually have to place such wagers before the start of the competition but some crypto bookies allow you to do so during the campaign as well. However, it’s best to place your bets early because the odds are usually higher especially when you bet on a team or a player before they become favorites.

Prop Bets

Prop bets are wagers on specific events within a match and not the final outcome. They focus on in-game moments making them a creative way to bet with examples like:

• Number of yellow cards
• Total corners
• First goalscorer
• Will a player be sent off or not?

Crypto bookmakers favor this type of bet as they tend to have higher odds. They are great for placing small bets with high returns, especially if you follow the details of a match closely.

Parlay Bets

Parlay bets, also known as accumulators, involve combining a number of individual bets on the same ticket. When you place wagers this way, note that all the selections in your ticket must be correct for you to win. If one is wrong, you lose the entire bet.

For example, you could pack the following outcomes for different matches into one bet slip:

• Arsenal to win
• Juventus to win
• Over 2.5 goals in PSG vs Inter

If all three win, your payout is larger than if you had made separate bets on each of them because the odds multiply. But if one of them loses, you lose the whole bet. So while these parlays can be risky, they can also be extremely profitable for low-stakes players looking for big rewards.

Virtual Sports Bets

Virtual sports are computer-simulated games that look and feel like real matches. You have a chance to place bets on virtual football, horse racing and other sports with realistic graphics and commentary.

These are 24-hour events determined by the use of random number generators (RNGs) to provide impartial and unpredictable results. Every few minutes, new games begin so there’s always something to place a bet on. They are ideal where no real games are available and with crypto sportsbooks, they pay out instantly.

Sportsbooks That Accept Crypto

Lots of sportsbooks exist where you can place the above different bet types using cryptocurrency. Some are crypto-exclusive sportsbooks while others are traditional betting websites accepting fiat and crypto. Here is a list of popular and trustworthy ones:

• Stake
• Jack Bit
• Freshbet
• Velobet
• Bitsler
• Duelbits
• Rocket Play
• Coinplay

Wrap Up

The real appeal of betting lies in how many ways you can bet. One game can give you ten different angles ranging from winners and scores to wild guesses about what happens next. So now that you’ve got the basics down, go explore a crypto bookie, pick a sport you enjoy and see which type of bet feels right.

From all we’ve mentioned, you should now know the types of sports bets offered by crypto bookies. Now all that is left to do is to put your knowledge to good use by choosing from our below list of trusted crypto-friendly sportsbooks:

Bitcoin Betting Sites