Bitcoin has become an increasingly popular way for players to gamble online, thanks to the security and anonymity provided by the digital currency. This is true at online sportsbooks as much as anywhere else on the Internet, which is likely why BetOnline.com started offering Bitcoin as a deposit and withdrawal option earlier this year.
BetOnline is hardly the only sports betting site that allows for Bitcoin banking, but it might be the biggest name in the online bookmaking industry to offer Bitcoins as an option. That combination of a trusted name and a new, convenient and secure deposit option in Bitcoin has helped make BetOnline an appealing choice for many sports betting fans around the world.
Established year: 2004
Wagering limits: Low to High
Cashout times: Varies
USA players: Yes
PROS VS. CONS
USA Players Accepted
Multiple Betting Options Available
Deposit with Several Methods
No Live Chat Support
Limited Selection of Live Dealer Games
A Trusted Name in Sports Betting
BetOnline has been a popular choice for those who want to bet on sports for many years now. They first began taking bets back in 2001 as BestLineSports, and though the site has undergone a number of changes over the years, it is still one of the most respected names in the industry nearly 15 years later.
Based in Panama, BetOnline is willing to take bets from anywhere in the world, both online and over the phone. Customer service is also available 24 hours a day, either by phone or email, and is generally regarded as helpful by most players.
BetOnline’s website doesn’t offer as much functionality as some of their competitors: their pages of odds can be a little harder to read than some, for instance. But the software has gotten better over time, including on the mobile end, where their betting platform has improved tremendously in recent years.
A Wealth of Betting Options
One of the best things about opening an account at BetOnline is the number of different bets you can make on the site. As with any major sportsbook, all of the biggest options are on tap: major American sports like baseball, (American) football, basketball and hockey are offered, as are more popular international options such as soccer, rugby, cricket, and more.
You’ll also find betting on combat sports like MMA and boxing, individual contests like golf and tennis, and a few sports you might not expect to see, such as lacrosse, softball, and darts. You’ll even be able to make the occasional bet on politics or entertainment contests: for instance, there are plenty of bets available on the US presidential elections even well over a year before Election Day.
BetOnline is also known for offering pretty high limits on many contests, making them a popular option for high rollers. NFL games feature a maximum bet of $25,000 on either side of a spread bet, while you can bet up to $10,000 on NBA spreads and Major League Baseball money lines—more than enough to cover most typical bettors.
In addition to various sports, you can also play Bitcoin casino games and Bitcoin poker games at BetOnline, which makes this the perfect place to play regardless of which games you’re in the mood for.
Banking at BetOnline
When funding a BetOnline account, players are given a number of different options to choose from. These include classics like using a credit card (Visa and Mastercard are the most popular, though American Express, Discover and some others are also accepted), sending a money order, using a bank transfer, or funding through an e-wallet service like Moneybookers or Neteller. Most of these options have low minimums of between $10 and $25, with various maximums of $1,000 or more per deposit.
But perhaps the most exciting option for making a deposit at BetOnline is now Bitcoin. Early in 2015, BetOnline announced that it would start allowing for Bitcoin banking in its sportsbook, with players able to deposit or withdraw anywhere from $20 to $2,000 per Bitcoin transaction.
In order to make such a deposit, players need only transfer a specified amount of Bitcoin from their own wallet to a wallet with an address provided by BetOnline. Depositors are given the chance to accept the exchange rate—while you can deposit in Bitcoin, you’ll still be making your bets in dollars—and then the deposit can be made virtually instantly.
Withdrawals are simple, too. Players simply need to request a payout and provide the address for the wallet they want their winnings sent to. Within 48 hours, the appropriate amount of Bitcoin will be sent to the wallet, completing the withdrawal process.
While Bitcoin transactions can be convenient for players of all types, they have been particularly popular among players who make larger bets. Bitcoin deposits and withdrawals are both free, and they avoid using traditional banking systems entirely—perfect for players in countries like the United States where banks actively try not to process online gambling payments.
Not Just a Sportsbook
It’s worth noting that BetOnline offers more than just sports betting. There’s also an online casino that utilizes a variety of games from different software providers; the platform is offered by Digital Gaming Solutions. BetOnline also offers a poker room through the Chico Poker Network, a mid-sized network that accepts players from the United States.
Little Flash, But Plenty of Substance
Overall, BetOnline is an excellent choice for anyone looking to open an online sports betting account, but particularly for those who want the rare combination of a site that has a long history of trusted service and Bitcoin banking. It may not have the flashiest website in the business, but overall, this is a package that’s hard to beat for Bitcoin sports betting.