Can You Bet On Horse Racing With Bitcoin?

There is no greater feeling in the world of sports betting than correctly predicting the winner of one of the biggest horse races in the world. Watching on as the horse that you have selected to win comes storming down to claim the win in the final couple of furlongs is the ultimate feeling for a sports bettor.

However, finding the leading sportsbook to make wagers on the racing action has become more difficult due to the sheer number of sites available. One of the most interesting developments has been the introduction of Bitcoin sportsbooks, but why should horse racing fans sign up to these sites?

Why Should You Sign Up To A Bitcoin Sportsbook?

Bitcoin and other forms of cryptocurrencies have been on the rise for a number of years now, but they are now reaching a level where they are used more readily by people around the world.

Sportsbooks have noticed this trend, and there have been an influx in sportsbooks that not only offer them as a payment method, but also encourage it with a number of excellent promotions available to new customers.

One of the biggest factors that has led to the success of Bitcoin sportsbooks are the welcome offers that they are offering new customers. In essence, the offers are the same as the traditional sportsbooks, but they are offering enhanced deposit and free bet bonuses without having to make a bigger deposit when you’re a new customer.

That means that players making bets with these Bitcoin sportsbooks can get more in free bets than they would with the standard sportsbooks. Not only that, but the sportsbooks are now accepting more than just Bitcoin. Instead, they will accept various other forms of cryptocurrencies such as Litecoin, Zcash, and Dogecoin.

What To Consider Before Signing Up

As is traditionally the case before signing up for a sportsbook, gamblers must assess a number of factors before creating an account. One of the most important that should be assessed before signing up for those looking to play with Bitcoin is whether the sportsbook that you’re joining accepts the payment method.

New customers should also look around to find the welcome offers that are available. Some sites have more lucrative welcome bonuses than others, which means that players should be looking to try and get as much as possible from the site they are joining.

Another important factor to consider is the licensing of the sportsbook. This is the perfect way to find out whether the sportsbook is trustworthy, and will honour bets that you’re making.

Finally, since you will be looking to make bets on horse racing, you will need to examine the markets and events that are covered. If you want to just bet on the American racing, such as the Kentucky Derby 2021, then you will need a sportsbook that offers this. However, for the most part, many of the leading sites specialise in offering excellent markets for all racing around the world.

Horse Racing Betting Markets

If you’re new to sports betting, then understanding the different markets available for you to make wagers on the racing could be confusing. The most straightforward markets to wager on are the win, each-way, and place options.

The win market will see customers need to place their stake on the horse that wins the respective race that you’re betting on. Meanwhile, the place market means that gambler’s selection must come in one of the determined place positions to get the returns from the bet.

The each-way market combines these two prior mentioned options, as you will have a stake on the win and place. Exacta an Trifecta betting is also popular, but much more difficult. Gamblers will need to correctly predict the first two finishers in the exact order for the Exacta, while the Trifecta will see players have to correctly predict the first three.

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