It is well known that online sports betting has become a global phenomenon amongst gaming fanatics ever since the innovative merge of sports, iGaming, and the internet. It’s any wonder why sports betting has become a global craze. You have almost any sport in the palm of your hands to bet online with, from soccer, cricket, horse racing, and the list goes on. But of course, sports betting is as unique as your preferences, and while there are endless sports betting events you can choose from, one particular sports betting event has skyrocketed as one of the most in-demand sports betting games, and that is basketball betting.
Betting on basketball has become so popular that in just three years alone more than $3 billion has been bet on professional online basketball betting. If that does not convince you of the thrills of betting on basketball, then consider the fact that this number is $1 billion dollars MORE than what was bet on professional football.
At the heart of online basketball betting lies the ability to combine all the factors you enjoy the most about betting on a game of chance, right from the comfort of your home, or anywhere else you choose. The general online sports betting market has experienced tremendous growth in recent years, with an increasing number of sports enthusiasts turning to digital platforms to place bets on their favourite events and teams. Factors such as advancements in technology, the proliferation of smartphones, and improved internet connectivity have fuelled this expansion. For decades, sports betting was an add-on at most land-based casinos but now sports betting has supercharged as a firm player favourite across the globe, and as a measure of prediction, Goldman Sachs Group Inc predicts the online sports betting market could reach $39 billion in annual revenue by 2033. Digital betting has seen a huge surge over the digital innovative years and even received a huge boost from the Covid-19 global lockdowns.
With this factor in mind, betting on basketball has dribbled its way into the homes of online bettors across the globe and the high-paced ball game shows no signs of slowing down as it’s largely becoming one of the most preferred international sports betting gambling games.
Basketball betting – a dribbling cultural craze
- Basketball is the most preferred sport to bet on in the United States with a majority of 53%.
- In terms of betting volume, betting on Basketball is the second most popular sport in Asian countries.
- Betting as a form of entertainment is fast becoming widespread across Europe with betting on basketball being the second-most bet on sport across the continent.
- The French love to wager on sports and as an added plus, they do not have to pay taxes when betting on sports. Le français love to bet on sports and their main preferences are football, tennis, and basketball betting accounts for 8 % of their preferred online sports betting games.
- Basketball holds a special place in Filipino culture, and it's one of the most popular sports in the Philippines. This popularity extends to basketball betting, with many local and international sportsbooks offering basketball betting options.
- While football is the most beloved sports betting, watching, and playing game, Spain has a strong betting on basketball culture with basketball betting coming in as the second most bet on sports game in the Iberian nation.
- Although football is the first game of online betting for the Greek island, betting on Basketball is the second most bet on sports game.
- The Turkish have fast come to try, test, and be convinced that basketball betting is the eSport’s of choice and is now a common pastime among betting sports enthusiasts. The Basketball Super League (TBSL) is the top tournament in the country and offer a plethora of matches available to bet on with fantastic odds, loads of betting markets, and incredible live betting opportunities.
How many Basketball events occur globally annually:
- 442 basketball competitions
- 31,161 basketball live events/year
- 30,670 basketball pre-live events/year
- 64 basketball betting markets
- 89 countries including international basketball events.
The realm of sports betting has experienced a seismic shift in recent times, marked by the rise in crypto sports betting. Now that we have explored the popularity of basketball betting, let's discover how you can get the most out of your sports betting entertainment with basketball betting crypto.
Basketball betting crypto
As the digital era sprouts on the daily with brand new innovations, betting on basketball in a crypto-based casino is now more advanced than ever. Compliments of the crypto casino craze which consistently surges with ongoing cutting-edge features, challenging the conventions of traditional odds-based systems. As we explored the popularity of basketball betting earlier, it is clear the allure of basketball crypto sports betting will continue to increase in patronage. Here are the main reasons why betting on basketball crypto is a gaming experience you want to hoop yourself into.
- Anonymity and privacy: Crypto-based sports betting often allows for a higher level of anonymity. You can place your basketball crypto bets without revealing your personal or financial information which allows for you to enjoy a basketball crypto betting gaming experience with complete privacy and security.
- Security: Cryptocurrency transactions are known for their robust security features, reducing the risk of fraud and hacking. Betting on basketball with crypto can provide an extra layer of security for your funds and financial transactions.
- Global accessibility: Cryptocurrencies are not tied to any specific country or jurisdiction, making it easier for you to bet on basketball from anywhere, anytime using a single global currency.
- Reduced fees and quicker transactions: Crypto sports betting platforms including Bitsler boast rapid and cost-effective transactions. Unlike the long waits associated with other currency transactions, especially bank transfers, crypto payment transactions are processed almost instantaneously, dramatically reducing transaction costs. Furthermore, your cryptocurrency transactions are typically faster compared to traditional banking methods. You can expect your deposits and withdrawals to be processed quickly, with less to no hassle, allowing for a more convenient and smooth betting experience.
- Flexibility: Crypto sports betting platforms including Bitsler typically offer a wide range of cryptocurrencies for betting, providing you with flexibility in choosing the currency you prefer.
- Betting transparency: Many blockchain-based sports betting platforms use smart contracts and decentralized systems, providing a higher level of transparency and fairness in the betting process.
- Innovative features: Most crypto sports betting platforms incorporate cutting-edge technology, like blockchain or provably fair systems, which can enhance your overall betting experience. We will delve more into the purpose of provably fair technology that Bitsler use in more detail further below.
- Easy cross-border transactions: Betting on basketball crypto can simplify international transactions, making it easier for you as the bettor to wager on games in various parts of the world without the need to exchange currencies. In other words, you can enjoy your basketball gaming experience on the go. Simply make your bet and enjoy your gaming.
- Secure wallets: Now you can bet on your favourite basketball games knowing a crypto sports betting platform typically provides you with secure digital wallets to store your betting funds and winnings. As with all things digital, security and safety are paramount and Bitsler ensures our cryptosystems are gridlocked for your playing pleasure.
- No need for bank approvals: Gone are the days of complicated payment transactions, endless calls to banks to enquire about your transaction status, or worse, having your transactions blocked and hindered due to complex banking rules and regulations. Crypto has become a firm favourite for the primary reason that crypto transactions do not require bank approvals or intermediaries, making the betting process more straightforward.
Betting on basketball crypto with Bitsler
Are you ready to dribble your bet and discover the thrill of betting on basketball crypto-style with Bitsler? Bitsler is proud to be one of the most advanced crypto casino platforms worldwide. We are experts in all things crypto and when you try your hand at basketball betting crypto, you’re in good hands, so prepare to ‘Shoot, score, repeat’ with Bitsler. We accept Bitcoin currencies from the secure likes of our partner Changelly with payment methods including VISA, Mastercard, Google Play, Apply Pay and more. Look no further than Bitsler - buying and playing crypto has never been easier!
Here's a step-by-step guide on how to register your Bitsler account and leave your mark on the virtual court:
1. Create an Account:
Complete the sign-up process, which will only take a few moments and is ultra-user-friendly. All you need to do is provide some personal information, verify your identity, and create login credentials.
2. Deposit cryptocurrency:
Deposit funds into your Bitsler betting account using cryptocurrencies like Bitcoin, Ethereum, or other supported digital assets. You will then be provided with a unique e-wallet address for deposits.
3. Explore basketball betting markets:
Let the basketball betting crypto fun commence! Bitsler has a vast range of basketball betting events, often as many as 150, to choose from. These may include NBA, college basketball, international leagues, and a variety of bet types, such as money line, point spread, total, and player prop bets. To find the range of markets, navigate to the basketball betting section on the Bitsler website.
4. Select your bets:
Choose the basketball betting crypto bets you want to place. Review the available odds for each bet and select the one that suits your preferences. Some common types of basketball crypto bets include:
- Money line: Start betting on the basketball team you believe will win the game.
- Point spread: Start your gameplay by betting on a basketball team to win by a certain margin of points.
- Over/Under: Bet on whether the total points scored in a game will be over or under a specific number.
- Basketball betting player prop bets: Start basketball betting on specific league performance metrics, such as points scored, rebounds, assists, etc.
- Place Your Bets: Confirm your selected basketball bets and specify the amount you want to wager. The amount will be deducted from your Bitsler cryptocurrency balance upon confirmation.
- Monitor your basketball betting games: As the basketball betting crypto games progress, follow the outcomes of your bets. Basketball betting crypto casinos including Bitsler offer live updates and real-time statistics for in-play betting.
- Withdraw your basketball betting winnings: If your basketball betting crypto bets are successful, your winnings will be credited to your Bitsler crypto betting account. You can withdraw these funds to your personal cryptocurrency wallet or use them for future bets.
Betting on basketball at Bitsler is a provably fair gameplay.
Basketball betting at Bitsler is not only a thrilling gaming experience but Bitsler gaming standards is always a fair game. In short, a provably fair casino is an online gambling platform that uses cryptographic algorithms and blockchain technology to ensure the fairness and transparency of its games. The term "provably fair" means that you can independently verify the outcomes of casino and sports betting games to confirm the outcome has not been manipulated or rigged by the operator.
Here's how provably fair works:
- Random Number Generation (RNG): In traditional online casinos, a central server generates random numbers to determine the outcome of games. In provably fair casinos like Bitsler, a crypto algorithm that is based on blockchain technology, is used to create a random seed value.
- Seed and Hash: A provably fair system uses two seed values—a server seed and a client seed. The server seed is generated by the casino's server, while the client seed is created by your browser or device. These seeds are combined to create a unique cryptographic hash, which determines the game's outcome. Because Bitsler wants to ensure your gameplay is both fun and safe, we implement all principles of provably fair systems.
- Always fair and transparent: Before a game begins, you are provided with the server seed, client seed, and the hashed result of their combination. This information is displayed on the game screen so you can be sure Bitsler is fair and transparent with your results. A game is played and determined by the initial seeds and the cryptographic algorithm.
- Truth-based verification: After the game is completed, you can verify the fairness of the outcome by checking the initial seeds and the game result. You can verify your results using the provably fair verifier tool provided by Bitsler.
Are you ready to dribble, shoot, score, repeat, and enjoy a thrilling basketball betting experience? Then go on player, set up your Bitsler basketball betting account, score like a champion, and dunk those rewards!
