Best Crypto & Bitcoin Bookmakers in Australia

Crypto Bookmakers Reviews You Can Trust

We’re now going to check out the Australia Bitcoin bookmakers reviews included in the table.

Everything You Need to Know About Playing Odds

Even though it’s important to become an expert in sports markets, this is not your only concern.

You can forget about long-term profitability if you don’t understand playing odds.

It doesn’t matter how much research you perform into sports markets; success will elude you if you take the wrong odds.

When making plays, you have to realize that crypto bookmaker websites have an edge on every market ranging from 3% to 30% or more.

You must aim to consistently find occasions where the bookmaker ’s odds aren’t a fair reflection of the likelihood of an event happening.

What is value Playing?

Value playing aims to discover a bookmaker error in a market.

For instance, let’s say you think Manchester United has a 30% chance of beating Arsenal.

Does that represent value odds if the Australia cryptocurrency bookie website offers decimal odds of 2.50 for a United victory?

Certainly not! At these odds, the bookmaker thinks there’s a 40% chance of a Manchester United victory (100/2.50 = 40).

When researching any event, your goal is to discover enough information to ascertain how likely an outcome is.

Once you finish the investigation, the reward is a ‘betting tissue,’ a tool that places you in the role of a bookmaker.

What’s a betting tissue? It is a method of creating your own odds.

Of course, you can’t even begin this process until you learn more about the different sports playing odds formats.

Many people don’t know how to calculate playing odds, so we’ve created a quick guide to the three most common types.

American odds

In the United States, Australia crypto bookies that offer American odds have a minus or plus sign before a number.

This sign indicates whether your profit will be more or less than the amount of crypto you play.

If the sign is minus (-), it means odds of below evens, so your profit will be less than your play if you win.

If the odds include a plus sign (+), it is a play at odds above evens, so the potential profit is bigger than the amount you risk.

Here are some examples of American odds and how much you could win depending on the size of your play:

• +110: A $100 play means a possible payout of $210, and a profit of $110

• +150: A $100 play means a potential win of $250, for a $150 profit

• +300: playing $100 means you could win $400 and enjoy a $300 profit

• -110: playing $100 results in a $190.91, and a $90.91 profit

• -150: A $100 play means you would win $166.67 and earn a profit of $66.67

• -300: If you play $100 at these odds, your return is $133.33 if you win, meaning a profit of $33.33

Decimal odds

In Europe, decimal odds, the simplest form to understand, is the most common format.

Multiply these odds by your play size in cryptoasset to determine your potential total returns.

For instance, if you wish to play $200 on England to beat Sweden at odds of 1.6, you multiply 200 x 1.6, which equals 320.

An English victory means you enjoy a $120 profit as 320 – 200 = 120.

Calculating the likelihood of your selection winning in percent involves dividing the decimal odds into 100.

Using the above example, England has a 62.5% chance of winning according to the Bitcoin bookmaker, since 100/1.6 = 62.5.

Fractional odds

Generally speaking, fractional odds are popular in the United Kingdom and Ireland.

You’ll know this type of betting odds by the famous slash that appears between two numbers.

For example, if you play on an outcome at odds of 6/1, you receive $7 back for every $1 you risk.

Therefore, if you play $10 worth of crypto at odds of 6/1, you would win $70 if successful, for a profit of $60.

The number on the left-hand side outlines how much profit you’ll earn should you play a sum of money equivalent to the number on the right.

Let’s say you back the Tennessee Titans to defeat the Tampa Bay Buccaneers at odds of 11/4; this means your profit is $11 for every $4 you play should the Titans win.

Of course, you have to include the cryptocurrency you staked to determine the full payout.

If you dislike fractional odds or have a preferred odds format, most crypto bookies allow you to change them.

Best Types of Sports Plays

Bitcoin sports playing is incredibly popular these days.

Many bookmakers now offer you the chance to play with Bitcoin on dozens of sports, not to mention esports too.

Furthermore, there are an extraordinary number of markets to choose from.

However, before you register with any Bitcoin bookmaker website and risk money, it is essential to understand the logic behind each play.

This process involves performing research to gain greater awareness of the sports betting markets that interest you.

This comprehensive guide provides essential information on the most popular markets, outlining what must happen for you to win.

When you’ve finished reading, you should have an idea of the markets you’d like to play on, knowledge that should help boost your bottom line.

Event winner

This is perhaps the easiest and most commonly used cryptocurrency sports playing market. It is also available in blockchain bookmakers that accept all kind of crypto.

You have to choose which team/player you think will win the game.

For example, you can choose the New York Mets to beat the Boston Red Sox in the MLB.

However, the basic win market is not necessarily the same from one sport to the next, so we highlight some differences below.

Soccer

In soccer, the Moneyline offers three choices: Home win, away win, or the draw.

If you’re looking for higher odds options, the draw is a realistic option since it happens at least 25% of the time in most leagues.

Experienced soccer bettors also know about these two Moneyline variations:

• Draw no Bet: Your bet is successful if the team you select wins the game, and you get your BTC back if it draws.

• Double Chance: You make a profit if the team of your choice wins or draws the game. However, please note that you don’t win any extra money if the team wins.

Baseball/Basketball/American Football

In many sports popular in North America, games that end in a tie go to overtime.

This is the situation in American football, baseball, and basketball with crypto betting nba.

It is rare for Bitcoin bookie websites to offer an option to back the ‘tie,’ even though a small percentage of American football games end up with no winner.

As a result, you should win your play as long as your selection triumphs after overtime.

Even so, make sure the cryptocurrency bookie in Australia specifies that overtime is included in your original play.

Tennis

It is impossible for a draw to be the outcome in certain sports.

For example, the game only ends with one player winning a pre-determined number of sets in tennis.

Therefore, this particular crypto sports playing market is as straightforward as it gets.

Tournament Winner

In virtually every sport, each match is part of a bigger tournament.

You have to choose who you think will be left standing at the end in the outright winner market.

Given the difficulties of picking a winner, you should find long odds for many selections, giving you the chance to win lots of cryptoasset.

Certain Bitcoin bookies also provide an each-way option on their tournament winner markets.

With this market, you can win Bitcoin if your team/player gets to the semi-final at least or loses the final.

Over/Under

This well-known market revolves around the total number of scores in a game. It is also available for Tron betting if you want to have an alternative to Bitcoin.

The cryptocurrency bookmaker website will set a ‘line,’ and you have to decide whether there will be more or less scoring plays.

There are also alternative over and under markets if you think a match will have a surprisingly high or low number of scores.

There are different scoring methods depending on the sport, and this affects the over/under line.

Let’s suppose that the Australia crypto bookie has the line on a game between Barcelona and Real Madrid at over/under 2.5 goals.

You would make a play on under 2.5 goals if you’re expecting a cagey game with less than 3 goals and over 2.5 goals if you feel it will be open with 3+ goals.

However, if you believe the game will be quite open, you could look for an over 3.5 goal market and win if there are 4+ goals.

When you get involved in the over/under market, it is all about the number of scores as the actual winner of the game is irrelevant.

Next score

If you’re looking for a gentle introduction to sports playing, the next scorer market is as basic as it gets.

As the name implies, the idea is to play on the next individual or team to score next in the match.

For example, you may believe that the Toronto Blue Jays will score the next run against the Boston Red Sox.

However, please note that certain sports are low-scoring, so you may not know if you win or lose your play for a while.

Did you know that approximately 7% of high-level European soccer games have zero goals in matches despite the teams playing for over 90 minutes?

For that reason, you should look into high-scoring sports such as basketball or tennis if you’re seeking fast action when you play.

The majority of Australia cryptocurrency bookies permit players to play on a basketball game’s next basket or a tennis game’s next point.

You know whether your play has won or lost seconds after placing it in many cases.

Handicaps

Most sporting events have a clear favorite, so bookmaker companies must adjust accordingly.

Sometimes, the favorite’s odds are so unappealing that it isn’t worth playing on.

Fortunately, it is possible to choose handicap playing, an innovative way to make apparent mismatches more interesting.

Australia Bitcoin bookmakers will give the stronger team a theoretical deficit in the match, and you have to decide whether it can overcome it.

Let’s say that the Milwaukee Bucks are strong favorites to beat the Chicago Bulls and have a -10.5 handicap.

The above handicap means that the Bucks have to win by a minimum of 11 points should you choose to bet on them.

If you think the Bulls are being underestimated, you can play crypto on them with the +10.5 handicap and win if the Bucks win by 10 or fewer points.

Asian handicap

Originating in Asia, this is an intriguing Bitcoin sports playing market.

It is slightly more complicated than its standard counterpart, but it can give bettors an edge when used correctly.

This is why pro gamblers prefer the Asian handicap market over the conventional version.

Here’s a quick overview of what each Asian handicap market means, using a game between Manchester City and Everton as an example:

• Man City (0): You win if Man City wins the game, lose if they lose, and get your money back if they draw.

• Man City (-0.25): You win if City wins, lose your money if they lose the game, and get half your Bitcoin back if they draw.

• Man City (-0.5): You lose your full stake if City draws or loses and only win if the Citizens win the game.

• Man City (-0.75): You need City to win by two clear goals to win the bet. A draw or loss results in a lost play, while a one-goal win means you get a ‘half win.’ If the profit for a 2+ goal win is $10, for example, a one-goal win earns you a $5 profit.

• Man City (-1): You get your money back if City wins by a goal, win if they defeat Everton by 2+ goals, and lose if the Citizens lose or draw.

The crypto bookie’s Asian handicap markets also allow you to bet on Everton if you believe they will have a good day.

For instance, betting on Everton with the +1 Asian handicap means you win if the Toffees avoid defeat and get your money back if they lose by a single goal.

Bettors operating from a strict bankroll should consider these markets because there’s a security blanket of sorts in the form of returned stakes.

With the Asian handicap market, playing is no longer a binary ‘win or lose’ scenario.

Sectional markets

Most sports events are divided into sections, giving you further playing opportunities.

Let’s say you know that a certain team is strong in the second half of matches.

You can wait patiently until halftime to see how the game develops.

Now, you can play on the team of your choice winning at this stage if the odds are right.

It is worth performing additional research to see if any particular team/player shows strengths or weaknesses at certain periods of matches.

Player performance

Even in team sports, you have the chance to play on selected players’ performance.

Players have hot streaks, and if you can identify this uptick in performance early, you could win cryptocurrency. These props are also in polygon betting sites.

Please note that the relevant sport dictates whether the market will involve baskets, goals, or points.

Team performance

Apart from the general match markets, you can also back teams to perform well or poorly on the day.

A major plus point of this market is that the overall result doesn’t necessarily dictate whether your play wins.

The team you choose could lose but play well enough to ensure you win cryptocurrency.

Overall score

Some crypto bookmaker websites allow you to avail of the correct score market in specific sports.

You need to predict the exact scoreline in a match to win.

It is less difficult in tennis, for instance, because there are only a handful of potential scores.

For example, in a best of three sets match, the only choices are 2-0, 0-2, 2-1, and 1-2.

It is more challenging to guess the right score in a soccer game because there are dozens, if not hundreds, of possibilities.

If you don’t conduct plenty of research, any wins you achieve are solely down to luck.

As difficult as it is to win on the correct score market, at least you’ll find that Bitcoin bookmakers often offer generous odds.

In-play Playing

If you have the opportunity, taking time to watch a match unfold could prove lucrative.

The number of playing in-running markets offered by Australia crypto bookmaker is incredible, though you need to act fast!

Bettors reluctant to commit to a play pre-match can see how things are going to discover if their initial assumptions are confirmed.

Professional gamblers often only need to see a few minutes of a match to know the best play.

Also, specific markets are almost guaranteed to provide better value odds as the game proceeds.

Ante-post Playing

Ante-post playing revolves around sports events set to take place at least 24 hours later.

However, the futures markets offered by Australia Bitcoin bookies generally involve events a few months away.

When performed correctly, this form of betting can guarantee value odds when the price on the selection falls as the event approaches.

Of course, there is always the risk of getting it wrong, and the odds of your selection get even longer.

Also, check the terms and conditions of the crypto bookmaker you place your ante-post play with.

There’s a possibility that your play isn’t void should your selection pull out of the event.

Suppose you back the legendary Rafael Nadal to add to his long list of French Open titles.

Then, he withdraws from the tournament due to injury.

Believe it or not, some Bitcoin bookie websites will keep your Bitcoin.

An ante-post play means you stake cryptocurrency on the winner of an event before it begins.

Can Australians Legally Use Crypto Bookmakers?

If you live in Australia, you’ll find that crypto bookie use is technically possible as digital currencies are legal.

Australians can enjoy several types of games on bookmakers, although there are some exceptions.

Yet, it isn’t as straightforward for bookmaker companies trying to do business in Australia.

Can an Australian resident use Cryptos?

It is legal to use cryptos in Australia, which is even one of the most tolerant nations regarding this new form of currency.

Digital currencies have been officially legal in Australia since 2017.

They are considered property in Australia, and as such, you have to pay capital gains tax on them.

This means they are subject to the Australian Anti-Money Laundering and Counter-Terrorism Financing Act of 2006.

Regarding cryptos exchanges the Australian government agency against financial crimes (AUSTRAC), requires the ones operating in Australia to register with it.

This makes it necessary for exchanges to remain compliant with certain rules.

Any Bitcoins exchange found without a license faces serious punishment.

In the end, there is some protection when using a reputable cryptocurrencies exchange in Australia.

Is it legal to use a Bookmaker in Australia?

When the Interactive Gambling Act (IGA) was introduced in 2001, it seemed terrible news for bookmakers.

Fortunately for these businesses, the terms of the Act enabled them to continue operating their sports markets.

Consequently, if you want to use a bookmaker for its sports offerings, you are free to do so.

While the IGA outlawed specific forms of gambling, sports markets involving football, horse racing, etc., are legal.

The trouble with the IGA is its restrictions on live sports markets.

It is only legal to use an online bookmaker pre-event.

Otherwise, you need to use the phone or make your play in-person once a game is in motion.