Ether (ETH) is the second-largest cryptocurrency in the world. Due to its capabilities with smart contracts, Ethereum will almost certainly dominate the betting landscape along with DeFi apps in the future. But which bookmakers allow you to bet with Ethereum right now? Let’s have a look at it.
Cloudbet is one of the best bookmakers in the world. It is a sportsbook focused on cryptocurrencies, and users are able to bet anonymously. You only need to sign up with your email.
The odds are very competitive, the game selection is huge, and the support is top-notch. You can bet on all the major sports in the world: Soccer, tennis, basketball, American football, baseball, motorsports, and many more sports.
You can deposit, bet and withdraw with Ethereum. In other words, you can stick with ETH throughout the whole process with no need to exchange at any point. If you do want to use another cryptocurrency, Cloudbet also allows you to bet with Bitcoin, Bitcoin Cash, USDT and USDC.
Sportsbet.io is another highly popular crypto sportsbook. And you guessed it, this bookie also lets you bet with Ethereum!
While Sportsbet doesn’t have as strong odds as Cloudbet has, the platform is super smooth and absolutely wonderful to use. The game selection couldn’t be any better – you can bet on almost any sport, both pre-game and live. There are also regular promotions and benefits for established bettors.
Overall, using Sportsbet.io is a great experience, and it is one of the few ultra-professional cryptocurrency sportsbooks out there. When you sign up, pick Ethereum as the currency you wish to use. After that, you can deposit and withdraw with it, and your account balance will also be in Ethereum. Other cryptocurrencies are also available to use.
One of the newest and most exciting sportsbooks on the market is SportX.
It’s a peer-to-peer Ethereum dApp. It lets you bet with Ethereum and DAI (a USD-based stablecoin on the Ethereum network). When you use DAI, SportX will cover all the ETH fees on your behalf, so that is pretty great.
SportX only has the most popular sports in their game selection. American football, basketball, soccer and tennis are the only sports you can bet on at the moment. But more is expected later – E-sports should be a nice addition before long. SportX has some unique features that no other bookie has – for example, you can bet on the Ethereum closing price for the year, or the Bitcoin closing price. You can also bet on other areas of finance, e.g. the US unemployment rate and the US inflation. Some great options that make this sportsbook really, really unique.
SportX doesn’t have as much liquidity as the biggest betting exchanges in the world, and you can’t bet for as high amounts as you can with normal bookmakers. But the liquidity is improving constantly, and by using SportX you are supporting a decentralized future for betting. The homepage allows you to see the 7D liquidity, and when you click on a game, you can see the liquidity for that particular event.
We only recommend the 3 Ethereum bookmakers above since they are the ones we have tried, and the ones that stand out the most.
But you do have more options because several sportsbooks do facilitate betting with Ethereum. Some examples are the following:
How Ethereum betting works
You are probably familiar with Ethereum if you are reading this article, but in case you want to know more about how it works in relation to betting, let’s do a quick rundown.
Using ETH rather than fiat currencies has many benefits. It lets you bet anonymously, it lets you bet fast and easy, and in the future, we should expect a completely decentralized betting industry where Ethereum will be at the center.
As of right now, if you own any Ether, you can use it for betting. Cloudbet, Sportsbet.io, and SportX are all professional sportsbooks that allow you to use ETH. You can deposit with Ether, you can bet with Ether, and you can withdraw with Ether. Many people choose to bet with cryptocurrencies since it allows more freedom and because some of the crypto sportsbooks are actually way better than the traditional fiat bookmakers on the market.
You obviously need some Ether to get started. You can obtain it from an exchange such as Coinbase or Kraken, you can obtain it from LocalCryptos or another peer-to-peer exchange, or you can use Facebook groups to find people in your area that are privately selling their Ether.
To store Ether, you need an Ethereum wallet. Some good options are MetaMask, Ledger, TrustWallet, BRD and Exodus. From here, you can easily deposit to your preferred bookie, and you can withdraw back to the same address when needed.
Aside from the deposit and withdrawal phases, the betting itself works just like if you were betting with traditional money such as USD, GBP or EUR.
Betting with Ethereum brings a lot of benefits, so we highly recommend it. Just like we recommend betting with Bitcoin. It’s a way of betting if your country doesn’t allow it, and your bank won’t be able to monitor your gambling activities either.
We wish you the best of luck, and feel free to write in the section below if you have anything to add about Ethereum betting!