Ethereum Betting Sites

Ethereum is one of the most recognizable names in the crypto world. It is essentially a decentralized blockchain network that can support a variety of functions. It has its own native cryptocurrency, named Ether (ETH). Apart from its vital role in Ethereum’s digital ecosystem, Ether can act as a simple means of exchange, aka a currency.

Nowadays, Ether is widely accepted online, especially by Ethereum betting sites. Its innate attributes, like privacy, transaction speed and reliability, make it an excellent candidate for gambling payments. Keep on reading to find out why the best crypto gambling sites are ETH-friendly.

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Why go for Ethereum Sports Betting

Over the last few years, more and more brands in the online betting industry are incorporating cryptocurrencies into their available payment methods. Their decentralized nature that guarantees no third party audits, coupled with the lack of geographical restrictions, make them a pretty lucrative pick. This is especially true for established & safe crypto projects like Ethereum.

The best Ethereum betting sites we have gathered below bring forward high odds, exclusive crypto promotions and fast withdrawals. In order to help you out, the list is divided into crypto-only and hybrid bookies.

Bookmaker
Rating
Ethereum Wallet
Highlights
% Percentage
Amount
#1
Jackbit Review
4.1/5
star star star star star
Freebet
Ethereum logo
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14+ Coins
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Over 50 Sports
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Up To 97%+ Odds
check-icon
Changelly & Moonpay
100% Bonus Up To€100
#2
white-star
BC.Game Review
4.3/5
star star star star star
Deposit Bonus
Ethereum logo
check-icon
100+ Coins
check-icon
In-game DeFi Tools
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Up To 200+ Live Markets Per Event
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10+ Blockchain Networks
120% Bonus Up To$20,000
#3
Mystake Review
4.2/5
star star star star star
Deposit Bonus
Ethereum logo
check-icon
Over 12 Coins
check-icon
Up To 97%+ Odds
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Over 1,000 Daily Live Events
check-icon
Alternative Networks
100% Bonus Up To$500
#4
Goldenbet Review
4.1/5
star star star star star
Deposit Bonus
Ethereum logo
check-icon
Over 12 Coins
check-icon
Up To 97%+ Odds
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Over 500 Daily Live Events
check-icon
Low Fee Networks
100% Bonus Up To$500

How to pick the ideal Ethereum Sports Betting site

ETH is currently the second most popular cryptocurrency on crypto-friendly gambling sites, right after Bitcoin sportsbooks. There will be plenty of available Ethereum bookmakers. But not all of them offer an equal quality product.

Moreover, different websites have different pros & cons. We are going to point out a few key characteristics you need to take into consideration before joining a bookie:

Crypto-only or Hybrid

An important characteristic that differentiates crypto brands into two main categories. Some sportsbooks only let you keep a crypto balance. That adds flexibility and allows you to double gamble.

Playing the market and managing a betting bankroll successfully is quite exciting but risky too. On the other hand, hybrid bookies swap your ETH deposit into a FIAT currency. This lets you avoid the infamous crypto volatility so that you can bet without any additional worries.

Decentralized Sportsbooks

To explain it with simple words, Ethereum has its own coding language, so developers are able to create applications that remain decentralized within the network. There is no central operator, and all interactions occur with implementing smart contracts (programs within a blockchain network). There are many decentralized sportsbooks and casinos in Ethereum, which are your best option if your primary concern is absolute privacy.

Decentralized Ethereum betting sites may lack many features and offer just a few markets, but they will never delay a payment, ask for KYC documents or block your account. Try them out if you feel tech-savvy enoughA, but be extremely cautious, as many scammers lurk for their next victim.

Other Payment Methods

An Ethereum sportsbook does not have to restrict itself on ETH payments exclusively. A wide variety of other cryptocurrencies and additional conventional banking methods is more than welcome.

This is even more important if you count the issue of Ethereum’s high transaction fees. Check below some of the best Ethereum betting sites that bring forth an ample selection of other deposit options:

RATING
4.4/5
star star star star star
Vave Logo
YEAR EST
2022
Not available in United States
check-icon
Crypto Bonuses
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Soft KYC
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Low Exchange Fees
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Buy Crypto With Fiat
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ETH sportsbooks with in-game wallets

Bookmaker
Rating
Crypto Wallets
Highlights
% Percentage
Amount
#1
Jackbit
4.1/5
star star star star star
Freebet
Bitcoin logo
Ethereum logo
USDT logo
check-icon
14+ Coins
check-icon
Over 50 Sports
check-icon
Up To 97%+ Odds
check-icon
Changelly & Moonpay
100% Bonus Up To€100
#2
white-star
BC.Game
4.3/5
star star star star star
Deposit Bonus
Bitcoin logo
Ethereum logo
USDT logo
check-icon
100+ Coins
check-icon
In-game DeFi Tools
check-icon
Up To 200+ Live Markets Per Event
check-icon
10+ Blockchain Networks
120% Bonus Up To$20,000
#3
Mystake
4.2/5
star star star star star
Deposit Bonus
check-icon
Over 12 Coins
check-icon
Up To 97%+ Odds
check-icon
Over 1,000 Daily Live Events
check-icon
Alternative Networks
100% Bonus Up To$500
#4
Goldenbet
4.1/5
star star star star star
Deposit Bonus
check-icon
Over 12 Coins
check-icon
Up To 97%+ Odds
check-icon
Over 500 Daily Live Events
check-icon
Low Fee Networks
100% Bonus Up To$500

Ethereum Betting Characteristics

A robust payments system and crypto options are always important on your Ethereum sportsbook checklist, but a subpar betting product can negate the added benefits. If your preferred brand fits the criteria we mentioned above, the next step is checking the actual sportsbook. Here are some common traits you should be looking for. 

Sportsbook Features

Although this is not exclusive to Ether payments, it still remains the most basic element of a bookmaker. Scrutinize the pre-live & in-play products, and see if there are the markets that you intend to bet on.

Moreover, check if there are other features like cash-out, live-streaming, bet builder etc. Crypto gambling sites with such features show that they are in for serious business, and it usually demonstrates reliability.

High odds & Promotions

As we have already mentioned, crypto payments mean reduced costs for the operator. So, they usually offer higher odds in their sports markets, as well as valuable promotions.

Keep your expectations high in this sector, as you will be able to find good cashback or rebate programs. Also, if you are a highroller, see if any specific VIP schemes will add value to your betting.

BC.Game Logo
Sportsbook
BC.Game
4.3/5
star star star star star
ODDS
93.56%
check-icon
100+ coins
check-icon
In-game DeFi tools
check-icon
Up to 200+ live markets per event
check-icon
10+ Blockchain Networks
Cash out Full Cash out Full
Exclusive Offer
120% Bonus Up To $20,000

How to go on with Ethereum Sports Betting

Let’s get right down to action. The first step is the acquisition of ETH. For this task, we are going to recommend some of the major crypto exchanges like Kraken, Binance and Coinbase. Of course, there are plenty of other reliable ones, so feel free to choose whatever suits you best. After getting your ETH bankroll, you need to move it to your personal wallet.

Remember, never make any direct deposits & withdrawals between gambling sites and crypto exchanges. Exchanges will easily freeze accounts that make frequent transactions for gambling purposes. Keep your ease of mind, and use a wallet as an intermediary. MetaMask is one of the most popular ETH wallets, as it is simply an extension to your browser. Exodus is another safe pick, and you can have the app on both your desktop and mobile. You can find more information about wallets and exchanges in our crypto gambling guides.

Now on to the actual deposit. Go to the Ethereum sportsbook you chose and click on the deposit button. Select the ETH option and copy-paste the bookmaker’s Ethereum address to your wallet’s send function. There are three important things to keep in mind now before finishing the payment. 1) Any possible deposit fees or exchange rates, 2) the current Ethereum network fees, and 3) possible bonus codes to type in or select beforehand. If everything is clear, complete the deposit, and enjoy your Ethereum betting.

Ethereum Fees

This is quite an important topic that you need to be well aware of. We have to go a bit technical here but do not worry, we will keep it as simple as possible. Ethereum is the largest decentralized network of the crypto space, and it powers hundreds, if not thousands, of applications and crypto tokens that are embedded on its blockchain.

However, Ethereum can handle only a limited amount of transactions per second. Due to its popularity, network congestion is nowadays a frequent issue, which leads to high fees for transactions, as they need to compete with each other in order to be processed first by the network’s validators (miners).

There are even stories of people paying up to three digits for a simple transaction. As you can understand, Ethereum is, more often than not, not the best pick for low-amount payments. Nevertheless, if you are not in a hurry, you can check the fee levels before a deposit, as they change continuously. If the network is not busy, it will not cost you much. Additionally, the organization behind Ethereum is working on an update that will heavily update the network and thus reduce the fees.

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Is Ethereum Betting a valid alternative

Players all over the world are facing an increasing number of local gambling regulations. These restrictions become extremely annoying and intrusive, especially to avid bettors that make frequent payments and like having access to a wide selection of sportsbooks. Crypto-friendly brands like Ethereum sports betting sites pose a natural solution to this issue.

ETH payments disregard any geographical restrictions and can not be blocked by any third party. Players can easily bet on international operators while staying under the radar. The only downside is Ethereum’s high fee costs. Nevertheless, lucrative crypto bonuses and reliability can make up for them, especially if you are a highroller with a hefty bankroll.

Jackbit Logo
Sportsbook
Jackbit
4.1/5
star star star star star
ODDS
94.07%
check-icon
14+ Coins
check-icon
Over 50 Sports
check-icon
Up to 97%+ Odds
check-icon
Changelly & Moonpay
Asian View Asian View
Cash out Full Cash out Full
Edit Bet Edit Bet
100% Bonus Up To €100
FAQs

Their legality depends on your local laws and regulations on online gambling. Make sure to be well aware of it before starting placing any bets. Keep in mind that crypto-friendly gambling sites are either offshore-based or fully independent. This, however, does not make them illegal, just potentially unlicensed in your country of residence.

For the strictly technical aspect of your payments, you will face no issues at all, the Ethereum network is proven and robust. As for the gambling part, the safety relies on the bookmaker you will pick. Be extra cautious, as offshore brands or independent operators are not as reliable as brands that hold major European licenses. Moreover, be extremely wary of decentralized sportsbooks if you decide to go that way. There have been many incidents, so make an attentive research on online gambling forums and see what other players have to say.

While these two are the two top cryptocurrencies, they are not direct competitors. Although they share the same technology of distributed blockchain ledgers at their core, they hold a completely different structure. Bitcoin is considered a store of value due to its scarcity, while Ethereum is a complex ecosystem for decentralized applications.

Even if ETH transactions are anonymous and handled by an impartial protocol, KYC checks by sportsbooks or crypto exchanges can always potentially compromise your identity. Even with this parameter in mind, they are still way more privacy-friendly than bank transfers, debit cards or e-wallets. If you seek truly private betting, then decentralized sportsbooks are what you seek. However, keep in mind that you will have to keep your bankroll purely in crypto form, and it will be hard to cash out in a FIAT currency.

Cryptogambling.tv is the first site to fully empower crypto iGaming brands. Decentralized digital currencies are the answer to the restrictions that gamblers face worldwide. Your funds, your rules. At the same time, we accept no compromises, and promote only legitimate websites. Trust our expertise, become an avid crypto gambler and maximize your bankroll’s value.
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