How to bet on the cricket World Cup with bitcoin

cricket world cup bettingTHE benefits of betting on the 50 over Cricket World Cup with bitcoin, include being able to bet live online.

The World Cup, being played in Australia and New Zealand, kicked off on Saturday with the Kiwis clashing with Sri Lanka and the other host playing the old enemy England.

Australians have been deprived off being able to bet on “in-play” sports online since legislation changed, but this option has been resurrected with the emergence of several online bitcoin bookmakers.

Notably Cloudbet Sports is offering live betting on World Cup matches, which means you can bet as you see a momentum swing. Prior to bitcoin you had to place your bets via phone with a verified Australian bookmaker.

We thought it would be an interesting exercise to see how the odds stacked up between a bitcoin bookmaker and a fiat-based Australian counterpart for several upcoming world cup matches.

This article will also run you through the basics of getting started with bitcoin and refer you to articles which can explain concepts further.

Cricket World Cup Odds comparison: Bitcoin v Fiat

Former cricket powerhouse West Indies opening game against Ireland was our first game to compare odds. We used odds from Aussie bookmaker Sportsbet and the findings were interesting. Cloudbet Bitcoin Bookmaker was offering $1.22 for a West Indies victory and $4.68 for an upset to occur.

Sportsbet is offering $1.20 and $4.40 for a win for the Irish. Better odds for the bitcoin bookie on both accounts.

Our second game of interest was the clash between sub continent heavyweights India and Pakistan. The Indians were installed a $1.57 favourite by Cloudbet while the Pakistanis are at $2.49.

Sportsbet had the Indians at $1.45 and the Pakistan team at $2.55, a split decision for the books.

The verdict: While there are not as many options at bitcoin bookmakers as there are at fiat-based counterparts, there is definitely the opportunity to get some good odds on head to head betting.

If you’re a serious punter you know the benefit of having various betting accounts and checking for the best odds and in our experience you often find bitcoin websites provide the best odds because they have lower running costs.

How to bet with bitcoin

Depositing money at fiat-based bookmakers can take a couple of days after you have verified your account. With bitcoin bookmakers it’s as simple as signing up and transferring money from your funded bitcoin wallet.

You can read more information about bitcoin here, or if you want to find out what bitcoin wallet you should use and how to deposit bitcoin you can watch the videos on this page.

Once you have funded your bitcoin betting account it’s just like when you’re betting at a regular bookmaker, except your account balance is displayed in bitcoin. It’s up to you to know the value of bitcoin and bet accordingly.

Best bitcoin bookmaker for cricket

Best Bitcoin SportsbookCloudbet is currently the only bitcoin bookmaker offering betting on the Cricket World Cup, but this could change later in the tournament. We will keep an eye on this and keep our readers informed.

The bet options include live betting on head to head games, futures betting and outright winner markets.

Other respected bitcoin bookmakers include Betcoin Sports and Nitrogen Sports.

Can I bet with bitcoin from my country?

There are only a couple of countries with bans on bitcoin. Other than that bitcoin is a borderless currency. Meaning it has a global reach and punters from all over the globe can bet on the World Cup Cricket. Obviously

Sign up at Cloubet and get up to 5BTC in deposit bonuses — can be used in casino, poker and sports

February 14, 2015 by : posted in Uncategorized No Comments
Jasper Williams

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Having grown up in sunny Auckland, Jasper became interested in bitcoin during the early stages of development, he aims to pass on the knowledge he has gained during this time. Jasper is also very experienced in the gambling industry having worked for an online sportsbook/casino.

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