Perfect Betting Sites for Ethereum Gambling

Since its appearance in 2015, Ethereum is considered a challenger to Bitcoin, and with the development of the online gambling industry, Ethereum betting has become a popular option for players. It is one of the most popular cryptos worldwide and widely used for gambling. Known for its speed, transactions with Ethereum are way faster than traditional currencies and Bitcoin.

Not sure where to start? Check our list of the best Ethereum betting sites that proved to be one of the best names in the online gambling industry. They provide various sports, bonuses, and decent odds. Don’t wait too long – have a look at the websites below and start betting!

Top ETH Betting Sites Listed & Rated:

1 Coinplay Sports 100% welcome bonus! Up to 5000 USDT on your first deposit for sports betting! Play Now
2 Sport #1 Licensed Bitcoin Sportsbook! Change the way you play with crypto! Play Now
3 BC.GAME Sports Get up to 360% in deposit bonuses! Play Now
4 Sports Phenomenal sportsbook with lots of daily promotions Play Now
5 JackBit Sports Get the 4th bet as a FREE BET! Play Now
6 Cloudbet Sports 100% matched deposit bonus up to 5 BTC Play Now
7 Sports $20 risk-free bet + 100% bonus up to $500 Play Now

Ethereum is an open blockchain platform. Similar to Bitcoin there is no central authority that controls or owns Ethereum. Ethereum is more versatile. Creating new apps on the Ethereum platform is easy.

Ethereum makes an ideal platform for gambling because it has smart contracts that can work decentralized and not interact with people. One of the simplest things about blockchain is that thanks to a sub-urbanized system that exists between all acceptable parties.

A betting website can create apps that interact with the Ethereum network and create a smart contract where users use smart contracts to play against each other. Ethereum live betting is also a possibility for players.

Ethereum is also a blockchain network, and for some, gambling with any coin that is based on that network qualifies as Ethereum gambling.

If we compare Ethereum betting with traditional one there are no significant differences except for the fact that the former players use crypto for betting. As for Bitcoin, still it maintains the status of the world’s best cryptocurrency and for Ethereum it is very difficult for now to change the status quo.

Almost every sport that you will see on traditional websites is also available for Ethereum betting. From soccer to less popular sports – you can bet on them and earn decent winnings.

As is the case with Bitcoin, Ethereum is also a volatile currency, which increases the chances of earning more money.

Advantages of Using ETH for Gambling

Ethereum is a decentralized software platform that allows you to build and run your applications. This is the first system that introduced smart contracts.

The Ethereum network has all the main advantages that conventional blockchains have, but it also has its peculiarities. Let’s discuss the main benefits of Ethereum gambling.

Faster Transactions

When people are dealing with fiat money, usually this process becomes protracted. Withdrawals are connected with commission fees, a bank should check the transaction, and, in some cases, it takes up several working days. Users can be annoyed, as they want to have access to winnings immediately. Sports betting Ethereum sites guarantee instant transactions.

Sometimes even deposits can become problematic. Depending on your location the transferred funds could require several working days to appear on your account.

With Ethereum and cryptocurrencies in general this barrier is eliminated. Does not matter where you live or making transactions on non-working days – everything is more convenient. There is no intermediary or third party that would authorize the transaction. Everything is stored on a blockchain network. Rarely do transactions exceed an hour and when we are talking about Ethereum this process is even faster – taking only seconds.

Compared to Bitcoin Ethereum is significantly faster. While in the former the process could take minutes, in Ethereum they are executed rapidly – in seconds.

Ethereum 1.0 network can support 30 transactions per second, while Ethereum 2.0 network is said to be supporting 100,000 transactions per second – making this cryptocurrency the fastest in the world and convenient for sports betting with eth. In some cases, commission fees might be higher compared to Bitcoin.

Wide Network

Ethereum is a blockchain network on which many coins are based. If a casino supports ETH, they will likely support other coins based on this network. This isn’t always true though.

In many cases when we talk about a betting site supporting cryptocurrencies, Ethereum will always be available. Because of its reputation, wide network, the cryptocurrency is rapidly gaining a foothold in the crypto gambling industry.

Ethereum provides an opportunity to run code in a distributed system that will not be able to influence from the outside. Such programs are added to the Ethereum database (i.e. in its blockchain) and can be edited in a way that the code cannot be altered in any way. It basically means that the network database is visible to everyone, so users can check the code they want before interacting with it. It is particularly good for Ethereum sports betting.

What is even more interesting, because the native currency unit of the network – ether, saves its value, such applications can establish a special order for the exchange of internal money. They are known as smart contract programs. In most cases, they are able to function peacefully without the need for human intervention.

Features of Best Ethereum Betting Sites

Choosing a good Ethereum betting site sometimes becomes a difficult task – especially for beginners. As crypto gambling is still in the development process, having a look at different details is necessary.

First of all, the betting site should have a proper license. Most frequently such licenses are issued by the Gaming Authority of Curacao – known for its high reputation in the iGaming industry. Secondly, the number of games and bonuses is important. If Ethereum sports betting sites do not pay attention to promotions, they will lose clients quickly.

Another important aspect is provably fair games, which ensure the fairness of a brand.

Provably Fair Games

People frequently doubt the honesty of games and bets, but blockchain as a whole can put an end to typical opacity for them. Provably fair means that the result of games such as slots, roulette, poker can be checked and verified. It should be remembered, however, that even provably fair games remain games, and therefore they should be approached with responsibility and caution.

However, betting is probably fair in a completely different way. A betting site should ensure that the provided odds are fair and following general standards. They should be neither too high nor too low. Also, the bookmaker must ensure that winning funds can be withdrawn at any time without complications. Otherwise, it will only negatively impact the bookmaker’s reputation.

Bet on sports with Ethereum eliminates all the threats that players might think of. The system is protected, and it is practically impossible to hack your account unless you share it with someone.

Variety of Bonuses

Bonuses are pivotal for any betting site. Without a hefty promotion policy, it is impossible to attract new clients and keep the old ones. Therefore, a bookmaker should always strive to update a list of bonuses regularly.

Ethereum betting websites come with numerous bonuses. Usually, these bonuses include additional money for the first deposit and sometimes – for subsequent deposits too. In sports betting players also might be offered free bets and cashback. A free bet is a form of money, where a player uses the given money from the bookmaker’s side to make predictions. He or she has nothing to lose and in case of winnings, the money can be withdrawn if the requirements are met.

As for cashback on the best Ethereum betting site, it includes a percentage of the money awarded to a customer in case of the lost position. Such bonuses are individual for every betting site and are subject to change.

Number of Sports

A lot of types of sports exist in the world. From the most popular one which is soccer to the less popular ones, a bookmaker must ensure that the provided options vary. A sign of a good betting site is the number of sports it offers to customers.

eSports is another extremely popular discipline that is rapidly growing in recent years. It shows no signs of slowing down and on Ethereum sites, they should also be available for betting.

The number of sports is not the only criterion to pay attention to. Sports might be present on a bookmaker’s website, but frequently leagues are limited. In addition to the top 5 European leagues, players should have more freedom of choosing a league they want to place eth bets on.

VIP program

Players with special status in online betting sites are also known as VIP players. As part of the standard loyalty program, welcome packages are often issued for new customers, free spins, bonuses for the first and next deposits, cashback. But the VIPs are in a more advanced position. They get benefits that are not available to regular players.

The first one is loyal wagers that include reduced odds for winning bonuses. Increased cashback is also an opportunity that is the amount of money returned to a player.

Access to private information is also important. It includes alerts to future promotions, draws, and tournaments with large prize funds. Transactions are also accelerated, and large limits are introduced to deposits and withdrawals from the account.

VIP players are assigned with personal managers on Ethereum betting sites. If they have problems, these managers can resolve problems in no time. Thus, betting sites try to come up with original VIP programs to reward the most loyal players.