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Get Started With Bitcoin Esports Betting in 5 Easy Steps

New to Bitcoin esports betting? Then these 5 easy steps will help you get started on the right note. Follow them and have fun betting on esports.

#1 Ready your bankroll.

This is a no brainer. You need money, but it’s not the ones in your wallet or on credit cards. You need Bitcoin. This means that you must have a crypto wallet ready, loaded with enough coins. 

If you don’t enough for your bankroll, then you can simply buy bitcoins from a crypto exchange you trust. The tricky part is knowing how to store them and which wallet to use for esports betting. Just remember that it’s better to use an online wallet for fast and convenient transfers, but store the rest of your coins in a hardware wallet. Read our Easy Do’s and Dont’s When Managing Cryptos article to know more tips on how to properly manage your coins.

Moreover, part of readying your bankroll is knowing how to effectively manage your betting funds. So, it will be useful if you know the basic bankroll management tips like knowing when to stop and understanding fully that you must never chase your losses.

#2 Master how the games work. 

Before placing bets, it’s only wise that you know how esports games work, specifically the games you want to bet on. While reading game rules is advised, playing them yourself is the better option. 

Doing this will help you gain a better understanding of how the gameplay works, and can help you analyze matchups on your own. And by developing an eye for analyzing esports teams and plays, you can increase your chances of scoring winning bets.

#3 Choose the right betting platform.

You need to join the right Bitcoin esports betting site to have the best betting experience. Of course, your standards may be different from another person’s, but there are certain features you must consider. 

For starters, you want to join a betting site that accepts Bitcoin or other cryptocurrencies. It can be a crypto-only site or one that has Bitcoin as one of the accepted payment methods. You’d also want to choose a licensed sportsbook. This way, you know that the operators are serious into making their brand a legit business, even if the license is from Curacao. 

Then of course the betting platform must have the most popular esports games today, especially the game you want to bet on. While you’re most likely to wager first on your preferred games, but there is the possibility of your exploring other esports games. This is why it’s better if your chosen sportsbook also provides odds for other exciting esports games.

To help you pick where you can bet on esports, check out our Top Esports Betting Platforms You Should Choose article.

#4 Get to know the teams and tournaments.

Once you’ve found the esports betting platform for you, then it’s time to do some more homework. Yes, you need to know the teams as much as you need to know the different esports tournaments. 

Many esports organizations have teams for specific games, so knowing which teams excel in specific games is crucial. After all, you’d rather bet your bitcoins on powerful teams. But this is where knowing esports teams comes in, because you would also want to keep your eyes on up-and-coming teams or underdogs because they can always pull off an upset. 

Knowing the strengths and weaknesses of every esports team is important, but what’s more important is that you avoid fanboyism. Why? Because if you focus only on your favorite teams, then you’re not seeing the full picture.

Also essential is knowing the tournaments for every esports game. If you’re ready to bet this year, then go ahead and read our Don’t Miss These Most-Anticipated Esports Betting Tournaments in 2021 article. What’s great about this is that you can expect the listed tournaments to also take place in succeeding years.

#5 Prepare to have fun.

Yes, you need to keep in mind that every time you bet on esports, your goal is to have fun. Bitcoin esports betting is a good form of entertainment, but it requires you to be a responsible bettor. 

It’s important that you always practice responsible gambling. This way, you’re sure to enjoy esports betting more as well as benefit when your bets win. And just in case you start noticing problems while betting in esports, then we’ve listed in our Responsible Gambling Organizations You Should Know article the organizations you can reach out to in your country.

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Got everything? Then make sure you read our 8 Common Esports Betting Mistakes You Should Avoid article next!

Follow on Twitter for the latest news and developments in crypto and blockchain gaming.


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