NBA Bitcoin Betting

In the 2019 off-season, around 50% of the league’s players changed teams during free agency. That means bettors who know how to handicap games and understand the influence of superstars can really find some great value bets.

This post will explore how betting on the NBA with Bitcoin has grown over time. You’ll also get a sense of what makes a good NBA bookie and what makes a good Bitcoin bookie.

Betting on regular season games is pretty easy but there are also a plethora of other ways to wager that might be more profitable for you in the long run. Let’s go over all of that and make you a master of NBA Bitcoin betting.

The Growth of NBA Bitcoin Betting

The growth of NBA Bitcoin betting like the NHL relates to the city of Las Vegas, but in a different way. The NHL is the first major North American sports league to found a franchise, the 31st in league history, in the city of Las Vegas. The Las Vegas Golden Knights, who dropped the puck on their first-ever regular-season game during the 2017-18 season.

The NBA on the other hand has had its teams in Vegas every summer for the NBA Summer League since 2004. With the NFL’s Oakland Raiders moving to Las Vegas to begin the 2020 season, it’s only a matter of time before the NBA follows suit.

The 2007 NBA All-Star game took place at the Thomas and Mack Center in Paradise, Nevada. It was the first All-Star game to ever take place outside of an NBA city just a year before the Bitcoin whitepaper was published. It’s clear that the NBA belongs in Nevada, and bettors should head to Bitcoin sports bookies to find great value.

With gambling being legislated at the state level in the United States, it’s only a matter of time before government regulated sportsbooks start taking wagers. For right now, even while most of the country still doesn’t do that in fiat money, fans are being exposed to Bitcoin and blockchain technology more and more.

NBA Adopting Bitcoin

The Sacramento Kings and Dallas Mavericks are the two teams at the forefront of the NBA’s Bitcoin movement. Both teams already accept cryptocurrency for ticket and merchandise purchases. The Kings also use the blockchain to validate authentic merchandise for sale and use an in game sports app to keep fans engaged that also rewards crypto tokens. Add to that the fact that shooting guard Spencer Dinwiddie of the Brooklyn Nets is tokenizing his playing contract, and the NBA as a whole seems poised to be a first mover in the space among sports leagues.

So Fans Are Already Using It

The NBA has always understood the value of sports betting and the potential revenue it can bring to the league, and thanks to the exposure of Bitcoin inside arenas, fans are starting to realize they can create insane value for themselves by wagering on their favourite teams using digital currency. Let’s talk about what the best Bitcoin bookies are made of.

Best Bitcoin Betting Sites for the NBA

Let’s face it. When it comes to picking the best Bitcoin bookies for NBA action, bettors only care about two things: getting the best odds and getting paid out quickly. Most of the top Bitcoin sportsbooks have you covered if you need to be paid out quickly. Bitcoin transactions usually confirm in 10 minutes or less on deposits. For withdrawals most sports books Institute a 48 hour waiting period just as they can go through their own vetting process. That said, there are some key features and benefits that separate some NBA sportsbooks from others. The same applies to broader Bitcoin betting sites.

What Makes A Good Bitcoin Bookie?

A good Bitcoin bookie is one with a reputable name. There are many out there, but they don’t all have a good reputation for customer service. Many online sportsbooks originally making their profits in fiat money now make their profits and Bitcoin. Bodog, Bovada, 5Dimes and Intertops are three of those bookies. They accept Bitcoin and offer between 50% and 100% on first time deposit bonuses as long as you meet the Bitcoin wagering requirements. Each of these sites should be able to fulfil deposit and withdrawal requests really quickly and if you search between them, you can comparison-shop and find out who has the best betting lines. That’s a big part of finding the best value and winning on your bets in the long run.

What Makes A Good NBA Bookie?

Getting customers as a Bitcoin sports book is serious business. The top ones all offer full game, first-half and second-half betting as well as in-game betting on the NBA. They also offer both moneyline and point spread betting. Although there is a fair degree of parity between the top five or six teams in both the Eastern conference and the Western Conference, there is a clear difference between the haves and the have-nots in the NBA. The bottom teams in each conference usually miss the playoffs by a country mile.

Sharp bettors who consistently bet on the moneyline must be cognizant of the return on their investment. Betting 5% of your bankroll on huge favourite to win will get you a small profit on most nights, but one or two losses in a row can wipe out a significant portion of your bankroll. Especially if you don’t have a disciplined approach.

That’s why the best NBA sportsbooks are the ones that offer the most favorable point spreads.

Betting Bitcoin on NBA Point Spreads

Many professional gamblers prefer to bet on the point spread when it comes to the NBA. This is because the top teams in the league often beat up the bottom teams in the league by double-digit margins. Playing the moneyline on games like these yields little return over the long run. Using a spread to even the odds often makes more sense.

It’s important to keep in mind that point spreads of five points or less are historically the most difficult games to play. That’s because tight games often end with a free throw shooting contest determining the winner. This means an underdog trailing by three points must file to stop the clock late. So at three or four point spread can easily turn to six or seven as long as those free throws are made by the other team. Statistically speaking a home team with a spread of six or more points usually pays out at slightly less than even odds because they win most of the time in the long run.

Betting Bitcoin on The NBA Playoffs

Betting on the NBA Playoffs is a great way to win some extra Bitcoin. Especially because the heavy favorites usually get out of the early rounds and betting on the whole series usually pays out at better odds than betting on each individual game. Picking the eventual NBA champion will also likely pay more value as a futures bet, especially during this new ‘duo era’ the NBA finds itself in.

One more exotic bet to consider is that of picking the NBA Finals MVP. Picking from the top three players on either side of the Finals bracket will usually play out several times a bettors’ wager and role players almost never win this award. This is a great strategy for earning extra Bitcoin!

About The NBA

The first official NBA game was played between the Toronto Huskies and the New York knickerbockers way back in 1946 at Toronto’s Maple Leaf Gardens. It wasn’t until the late 70s and early 80s that players like Magic Johnson and Larry Bird really put the league in the spotlight which saw the NBA surge in popularity. Michael Jordan introduced himself to the league in the mid-80s and changed the way the game was played. He also made a significant global impact on the world of sports marketing which has helped shaped athlete endorsements and athletic apparel companies in ways nobody had before. Today the league consists of 30 teams playing across North America with the Toronto Raptors being Canada’s only team.