MLB Bitcoin Betting

Betting on baseball is popular for many other reasons, not just because of the dense schedule. One of those reasons is because purists love the strategy in the game. It’s like a chess match featuring some of the most athletic, strong and intelligent athletes in the world. Even when the ball is not in play, there is always the game within the game. The catcher sending signs to the pitcher. The first base coach signalling both the hitter and the runner to get ready for a hit-and-run, a straight up steal, a swing for the fences or a strategically placed bunt.

From a gambling perspective, wagering on baseball is enticing because although there are nine men on the field and one batter at the plate at any given time, it’s arguably the pitcher on the mound who has the most control. An ace pitcher on a bad team will give his team a better chance to win many nights over a team full of All-Star batters. It’s that battle between some of the game’s best hitters and a pitcher on a hot streak that gets baseball fans and gamblers on the edge of their seats.

It’s time to gain some insight into how betting on the MLB with Bitcoin exploded and how picking some of the game’s best pictures to win can lead to profits from Opening Day right until the last out is called in the World Series championship.

The Growth of MLB Bitcoin Betting

Just like using Bitcoin to bet on any other sport, the explosion that happened in betting on Major League Baseball using cryptocurrency follows the same adoption curve as cryptocurrency itself. The more the masses began to understand the blockchain and the power of decentralized technology in transferring value from one peer to another, the more crypto friendly gambling sites popped up offering gamblers the opportunity to bet on baseball.

Bitcoin’s price reached its highest point at the end of 2017 reaching a value of nearly $20,000 USD. Just four years earlier in October 2013, the Boston Red Sox beat the St. Louis Cardinals 4-2 in a best-of-seven games series and the price of Bitcoin stood at just $123 USD. That means investors who were betting on the World Series with Bitcoin back then would now have a whopping 160 times their value just based on price appreciation.

That’s a great reason for an astute gambler to keep wagering with Bitcoin. Imagine a savvy sharp bettor with an eye for advanced analytics who understands the significance of good starting pitching and defense as well as sabermetrics enough to pick winners on a consistent basis. They manage their bankroll well and finish with a winning percentage close to 60%. That’s what a professional bettor would average. Then add 160 times the value on the price of Bitcoin and it’s easy to see why gambling on baseball with Bitcoin has exploded the way it has over the last couple of years.

Blockchain Adoption in Major League Baseball

Major League Baseball fans are taking an interest in Bitcoin and cryptocurrency for completely different reasons than athletes and fans of other major North American sports leagues. One popular area of the digital currency domain is that of digital collectibles. Since digital currencies are operated by decentralized public ledgers known as blockchains that can’t be altered by a central authority, accounting for the value and transfer of ownership of digital assets is fast, cost-effective and transparent.

The phenomenon of digital collectibles didn’t take off in the sports rum at the beginning. It took off because of CryptoKitties, a collectible digital trading card platform that feature different kinds of cats. The more rare the cat, the more Ethereum tokens were exchanged.

Baseball fans interested in Bitcoin and other digital currencies may know of a similar phenomenon digital blockchain based bobbleheads. In October 2019, a digital bobblehead featuring All-Star Bryce Harper sold for 25 Ethereum tokens, which at the time were valued at over $7,000 USD. A similar bobblehead featuring pitcher Clayton Kershaw sold for more than 12 Ethereum tokens valued at $3,500 USD. Those are insane amounts of money to be spending on digital collectibles. With so much money being thrown around, it only makes sense that the players themselves, some of which are earn as much is $40 million a year, would get in on the crypto investing foray as well.

How to find the best Bitcoin sportsbook for betting on the MLB

Finding the best Bitcoin bookies for betting on the MLB ultimately comes down to being able to shop for the best odds on game days, and being able to take advantage of some of the best bonuses available. Those are the two most surefire ways professional bettors make money in the long run.

What Make A Good Bitcoin Bookie?

Two Bitcoin betting sites known for offering a bit of both include Betcoin and Nitrogen Sports. Betcoin is licensed in Costa Rica and has been in business since 2014. In comparison to most other Bitcoin betting websites, Betcoin actually has quite the following in the Bitcoin community. The website is very active on the most popular Bitcoin forum on the web, BitcoinTalk.org, where the platforms account has reached legendary status.

This is probably the clearest indication that Betcoin really cares about being part of the community. Being actively engaged and highly ranked on that forum is a big deal when it comes to gaining credibility among Bitcoin’s purest enthusiasts.

The platform itself accepts Bitcoin, Bitcoin Cash, Dash, Ripple, Litecoin, Ethereum and Monero for both deposits and withdrawals, meaning you can cater to both the beginner who only knows about Bitcoin and the advanced user interested in betting with altcoins.

Nitrogen Sports on the other hand is known for hosting sports -related progressive jackpots. During the 2019 baseball season, the site ran and over under promotion related to the total number of homeruns hit during the MLB’s postseason. Winning players split a pool of several Bitcoin’s worth tens of thousands of dollars at the time. Like Betcoin, Nitrogen Sports is also registered in Costa Rica and has been in business since 2013.

What Makes A Good MLB Bookie?

The best MLB bookies allow room for bets to be cancelled should the starting pitching matchup change at all in the moments leading up to the game. Why is this important? Because the best pitchers in baseball have more influence on the outcome of a game than any other position player. On most sites, bettors will have the option to keep a wager live regardless of whether or not the pitching matchup changes, but usually the smarter thing to do is make it so the bet is automatically cancelled in the event of a last-minute move by team managers. This alone can help gamblers save their bankroll from unnecessary losses.

Then of course there is the task of finding the best odds. As mentioned, Betcoin and Nitrogen Sports offer some of the most competitive odds for baseball, and that’s what makes them two of the favorite platforms to wager with using Bitcoin.

Betting Bitcoin on the First Five Innings of an MLB Game

MLB games are organized into rounds called innings. Each time teams at switch from batting to fielding, another half inning passes by. A game is official once the fifth inning is complete and that’s how far into a game a starting pitcher needs to pitch in order to get credit for the win. Sometimes a team’s starting pitcher can be significantly stronger than the team’s relief pitchers, which typically take over later in games. In order to ensure more wins, gamblers can wager on the first five innings of the game ensuring that they leverage the most value possible out of the starting pitching. That’s one way to increase the Bitcoin bankroll.

Betting Bitcoin on MLB Futures

A futures bet is exactly what it sounds like. It’s a wager on a future event. Baseball futures usually include odds like which teams will win the American League and National League championship, and which team will win the World Series. Baseball is a sport heavily driven by team payrolls. Teams with larger payrolls usually have the most talent and are most likely to win the World Series. Betting on individual games may not provide a lot of value on the favourite, but picking a favourite to win it all at the start of the season can pay many times the wager.

About Major League Baseball

Major League Baseball was founded way back in 1903. Today there are 30 teams in the league split between two conferences, known as the American League and the National League. The New York Yankees arguably the most popular team in the league and have won the most championships in the history of the sport. The Toronto Blue Jays or the league’s only Canadian team and the MLB also oversees Minor League Baseball. Of all the major sports in North America, baseball arguably has the most robust minor-league system.

The regular season lasts 162 games and each round of the playoffs features a play-in game in both the National League and American League with the winner of the final round of the playoffs being awarded the World Series Championship.