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Developing Winning Crypto Betting Strategies

By Hank Blaine

As crypto betting becomes more and more popular, professional and casual sports bettors must rise with the tide. Doing so means we must tweak how we implement both our casino gaming and sports betting strategies.

In this blog, we cover what we must do to transition from traditional fiat currency sports betting to crypto betting. Check out the four things that will help you create a crypto betting strategy and lead to profit.

How to Develop a Winning Crypto Betting Strategy

Understand Crypto Betting Basics

This is an absolute must. If we decide we’re going to start betting on NASCAR or PGA golf, the first thing we do is study NASCAR and the PGA. The same applies to crypto betting.

Get to know how blockchain’s work, why cryptocurrencies are here to stay, and how you can employ cryptos in your sports betting and/or casino gaming. The key is to learn crypto basics. For example, although Bitcoin and Ethereum remain the two most popular and highest market cap cryptocurrencies, other cryptos, like Litecoin, bitcoin cash, and ripple (XRP), have become ultra popular.

Know the cryptocurrencies you can use to fund your sports betting accounts. Also, get to know Ethereum, Bitcoin, etc. so that you can make rationale decisions. Maybe, as an example, you want to keep your bitcoin, which means you should purchase Litecoin, or some other crypto, and fund your betting account with LTC. Don’t forget that for most cryptos there is a utilization and investment aspect.

Develop a Strategic Betting Approach

As with all betting, you must develop a specific strategy. Remember that even if you fund your betting account with LTC, XRP, BTC, or ETH, each bet you make will be in mBTC, which is 1/100th of a Bitcoin.

Make sure to have your conversion site ready. You will want to convert the amount of money you wish to bet on each game from U.S. dollars to mBTC. This allows you to never bet too much, or too little, on each play.

Effective Bankroll Management is Key

When it comes to crypto, because we’re betting in mBTC, it’s important to know how much we’re betting. Creating a unit size is more difficult because we must convert our dollars to mBTC before making a bet.

However, the difficulty of doing this balances out because mBTC, and all cryptos, also serve an investment purpose, meaning we not only manage our bankroll to profit from our sports betting, but, when we get good at it, we can manage our crypto betting bankrolls to increase by just remaining as crypto.

The investment and utilization aspects of cryptocurrencies allows us to increase our bankrolls by simply keeping our money in cryptos and not dollars.

Stay Informed and Adapt with the Crypto Betting Industry

The crypto industry is continually changing. Make sure to keep up on the latest news like the fact the SEC is debating on whether to allow organizations like Blackrock and Chase to develop Ethereum ETFs.

Or the fact the fourth Bitcoin halving recently completed. Also, keep up on alt coin news. IMX is becoming a force in NFT crypto gaming. Organizations like IMX are likely to pave the way for crypto sportsbooks to increase products, rewards, and even possibly develop their own tokens.

Where to Bet on Sports with Crypto

Sports betting odds are available all year round here at Nitrobetting.eu. Create a Nitrobetting.eu account now to win tons of crypto from all major sports.

Feel free to browse sports betting guides. While you are at it, go ahead and check out all the latest sports betting odds and more in our online crypto sportsbook.

*All odds stated are subject to change without prior notice.

READ MORE: The Psychology of Crypto Betting