NFL Bitcoin Betting

Most gamblers who are hard-core NFL followers love to bet on point totals and point spreads. No matter the style of wager, it’s safe to say that betting on the NFL brings in billions of dollars a year to Las Vegas sportsbooks and you can bet that Bitcoin bookies are also cashing in on all that action.

Learn a bit more about the growth of NFL Bitcoin betting, how the NFL came to be, and how bettors routinely cash in betting on both underdogs then favourites throughout the 17 weeks of the NFL’s regular-season and all the way up to the Super Bowl, crowning the league’s champion every February.

The Growth of NFL Bitcoin Betting

Bitcoin betting on the NFL is growing for several reasons. Not the least of which is the fact that the former Oakland Raiders are now the Las Vegas Raiders set to kick off the 2020 season in Sin City. Armed with a brand-new state-of-the-art stadium and a celebrity level head coach and Jon Gruden, the future is bright for a franchise getting closer and closer to a playoff spot.

The fact that the team was considered Las Vegas’ unofficial home team for decades before its arrival means an already hardcore fan base in Oakland is about to get bigger and Las Vegas. This of course means more gamblers heading to the betting window every Sunday afternoon. Some of those betting windows are going to be virtual and accepting Bitcoin without a doubt.

The fact that 90% of the games played every week occur on a Sunday means gamblers can sit around big screen televisions for 7 to 10 hours a day watching all the action and cashing tickets. That’s why the NFL is the most wagered on sport in all of North America. No other league does a better job of putting its best games on during prime time hours and featuring top divisional match ups during every three-hour segment of football from 1PM EST right on down to the prime time games at 8pm EST on Sunday and Monday nights.

In the future, advancements in Bitcoin-based, season-long and daily fantasy sports will also keep NFL gamblers engaged in the game, even if they’re not used to traditional sports betting on teams or propositions. For now most season-long and DFS sites only accept fiat currency.

The NFL’s Bitcoin Adoption

The NFL’s path to Bitcoin adoption starts with its players. Left tackle Russel Okung once remarked “Pay me in Bitcoin” on Twitter. He’s clearly heavily interested in digital currencies.

Okung’s crypto story started while he was vacationing in Nigeria one summer. He phoned his bank trying to get a large sum of money transferred over. The teller let him know that they would not be able to transfer the funds. From then on Okung was officially sold on getting Bitcoin and becoming his own banker.

Okung isn’t the only player into Bitcoin and other cryptocurrencies. San Francisco 49ers cornerback Richard Sherman, Green Bay Packers linebacker Oren Burks and retired players Sidney Rice and Matt Barkley are also into digital currency.

The league’s interest doesn’t stop with the players. Litecoin is now the official cryptocurrency of the Miami Dolphins. The team will promote the cryptocurrency in various parts of the stadium and accept it in exchange for 50/50 raffle lottery tickets.

While interest in crypto currencies within the league is still slightly behind the NBA in the NHL, it continues to grow, as does the interest of fans in placing bets with Bitcoin bookies. It’s time to see what Bitcoin sportsbooks have to offer the NFL specialist gambler.

Best Bitcoin Bookies for the NFL

FortuneJack and 1xBit are the two highest rated Bitcoin betting sites for gambling on the NFL. FortuneJack accepts players from all seven continents around the world. They allow gamblers to place wagers in both Bitcoin and Ethereum as well as other alternative digital currencies. They allow immediate withdrawals.

1xBit offers an exciting array of live casino games that keep you busy during commercials and also allows you to play with several different cryptocurrencies. There sports book is one of the most comprehensive in the industry and offers several different types of NFL odds to play.

Both of the above sites offer moneyline and point spread betting using Bitcoin on the NFL. Gamblers can also wager on alternative spreads and also placed bets while games are being played.

What Make A Good Bitcoin Bookie?

As mentioned, the above sites are top rated, but why they specifically good for Bitcoin-focused players? For one, they allow users to place bets with more than just Bitcoin. This means the average player can use multiple alt coins within their arsenal to try and increase their holdings and maintain the diversity of their crypto investments right inside their bankroll. No need to go to exchanges and make trades, which means no need to pay trading fees. Treat your bankroll like a real business. Gain the profits of a professional gambler while also profiting the same way a daytrader does off of the price of cryptocurrency. It’s a win-win situation.

It goes without saying that a good Bitcoin betting site will also protect the identities of its players and not ask for Know Your Client verification. Some sites won’t even ask you to register at all. Then of course there are welcome bonuses to consider. FortuneJack, 1xBit and a slew of other sites offer anywhere from a 50% to 100% deposit bonus for first time players as long as they meet Bitcoin wagering requirements set out by that operator’s own guidelines.

Find all these features on one Bitcoin sportsbook and you’ve got it made. Now let’s take a look at what NFL sharks should look for in terms of the types of bets available and the ways you can win.

What Makes A Good NFL Bookie?

A good NFL bookie posts point spreads of -2.5 and -6.5 on a regular basis. Why is that? Since the two most common ways to score points in the NFL are by scoring a field goal, which is worth three points, or a touchdown plus an extra point, which is seven points, any point spread that allows the player to win within a three point margin or a seven point margin eliminates the possibility of a push. It also eliminates the need for the favorite to have to score next to field goal in order to cover the spread. Sharp NFL bettors definitely know the importance of this.

From the gambler’s point of view, a good NFL bookie is also one that doesn’t account for game day scratches or injury announcements in time. Injuries are a big part of betting on the NFL. Gambling is one of the reasons the NFL is so transparent about who is hurt even in such a physically violent game like football, where one would think the injury status of players would be kept a secret like it is in other sports. Not so.

Any bookie that’s slightly behind on game day information will end up taking bets at odds that favour gamblers. This is great for both the novice and professional handicapper.

Betting Bitcoin on NFL Parlays

A parlay bet is when a gambler ties together two or more events to increase their potential payout on a winning wager. All of the events included in the parlay must win for the ticket itself to be considered a winner. This style of betting is particularly popular in the NFL as gamblers deem it easy to pick heavy favourites to win on the moneyline and often like the idea of throwing in an underdog or either side of a tightly contested game as a way to increase the value of the payout and in a sense hedge their bets.

Betting Bitcoin on the Super Bowl and Propositions

A proposition bet is a bet on an event that occurs within a game. This kind of bet can be placed in basketball and other sports as well but is most popular again with NFL wagering. The Super Bowl usually draws many props bets. Bettors can wager on what colour the winning teams Gatorade will be when it is splashed on the head coach, whether the opening coin toss will land on heads or tails, and how long it will take for the anthem singer to get through the Star-Spangled Banner. How many interceptions the quarterback will throw, whether or not the first score of the game will be a touchdown or a field goal, and who will win the first quarter are all examples of props bets.

About The NFL

The NFL got its start way back in 1920. Today the league features 32 teams split between the American Football Conference and the National Football Conference. The league’s head office and annual amateur draft both take place in New York City annually. The NFL is widely considered the most popular sport in the United States of America among both fans and gamblers alike.