Understanding Crypto Betting Odds
At first glance, there may not be much difference between the sports betting odds you find in a traditional online sportsbook and those you find in a crypto sportsbook. But a closer look reveals that there are subtle differences that put your bankroll to work in a more efficient manner when you bet through a crypto sportsbook.
A Closer Look at Understanding Crypto Betting Odds
Traditional Sportsbook Odds vs. Crypto Betting Odds
Profits depend on sports betting odds. In this blog, we study crypto betting odds as opposed to odds you like to see in a traditional sportsbook. We’ll take a close look at the Champions League first leg semifinal matchups between Dortmund and Bayern Munich and Real Madrid.
- Traditional: Bayern Munich +131 vs Real Madrid +173 // Bayern Munich -0.5 +125 vs Real Madrid +0.5 -174
- Crypto: Bayern Munich +132 vs Real Madrid +181 // Bayern Munich -0.25 -105 vs Real Madrid +0.25 -120
The odds in the crypto sportsbook offer better potential moneyline payouts than the odds on either Bayern or Real in a traditional sportsbook. Although the difference between Bayern at +131 as opposed to +132 doesn’t seem significant, it could be depending on how much money a sports bettor places on Bayern.
The +173 offered in a traditional book as opposed to the +181 offered in a crypto book is a stark difference. For every $100 we place on Real, we are getting +$8 back in profit should we win our bet. That’s a substantial difference, again, depending on how much money we bet on Real to upset Bayern on the moneyline.
The spread line hurdle for both teams are lower on the online crypto sportsbook. Bayern is favored by -0.5 in the traditional book. Under Asian handicap rules, Bayern is a loser if the two teams draw. But at -.25, we only lose half our bet if Bayern and Real draw.
Here’s another example of another upcoming game:
- Traditional: Dortmund +156 vs Paris Saint-Germain +143 // Dortmund +0.5 -191 vs Paris Saint-Germain -0.5 +136
- Crypto: Dortmund +169 vs Paris Saint-Germain +141 // Dortmund 0.0 +105 vs Paris Saint-Germain 0.0 -133
The above analysis regarding traditional betting odds and crypto odds for Real versus Bayern holds true for Dortmund against Paris Saint-Germain. PSG pays out slightly less in the crypto sportsbook.
The reason could be because money has already landed on Paris Saint-Germain to beat Dortmund in the first leg. Like in all sportsbooks, oddsmakers adjust odds depending on how much money lands on either side of the moneyline or spread.
The difference of +2 could be significant, but it isn’t as much as one might believe because of other advantages from betting in a crypto sportsbook.
Reasons in Most Cases, Crypto Sport Betting Odds Are More Favorable to Bettors
The first reason is that crypto sportsbooks mustn’t follow old school KYC (Know Your Customer) rules. In traditional sportsbooks, funding is usually derived from AHC deposits or credit cards.
KYC rules apply big time because of third party involvement. In crypto sportsbooks, it requires an email to set up an account, and we fund our betting accounts through Coinbase, Cash App, or some other client.
Like with almost all cryptocurrencies, although the transaction itself is on the ledger, we can see the transaction, nobody knows what the transaction is for.
So the main reason crypto sportsbooks can offer better opening sports betting odds, odds change depending on action in all sportsbooks, is because crypto books lack the overhead required to run a traditional sportsbooks. Also, when it comes to withdrawals, crypto books are often free depending on the cryptocurrency we choose to withdrawal.
Betting on Crypto Sportsbooks Gives You An Edge
The bottom line is that betting in a crypto sportsbook gives you an edge. The edge isn’t always in terms of finding a winner. We gain an edge as handicappers by looking for value bets.
Value bets are based on odds. In most cases, over 90% of the time, the crypto sportsbook is going to offer a slightly higher potential payout, or a lower spread line threshold, than a traditional sportsbook. That’s the edge required to profit betting on sports.
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: Exploring Different Cryptocurrencies for Sports Betting
