When we talk about gambling, most probably assume we are talking about slots or poker, but the first slot machine was only introduced in 1963. Whereas the origins of horse race betting can be traced back to between the 1600s and the 1800s, some might even say it started with the Greek Olympic Games in 700 BC.
The point is, horse racing, and subsequently horse racing betting has been around for years. Not only has this sport brought entertainment, but also a way to profit. With the introduction of the internet and cryptocurrencies, horse racing betting has become far more accessible, interesting, and profitable.
In this article, we will be exploring horse racing betting, the best Bitcoin horse racing betting sites, and what you need to know to get started. So saddle up and let’s dive into it.
The best Bitcoin betting sites for horse racing
BC.Game
BC.Game is your one-stop shop for all sorts of crypto horse racing betting options. Whether you want to bet in Bitcoin or one of the other hundred payment options they offer, you are spoilt for choice when it comes to cryptocurrencies.
With their informative betting options, newcomers and veterans alike can get the very best out of their horse racing betting experience. This platform offers coverage for races in the UK, Ireland, Mexico, Chile, Australia, Paraguay, the USA, and more.
Players will also get access to thousands of games, a sportsbook, a daily free spin faucet, quests, and so much more.
Visit BC.GameNitrobetting
Nitrobetting is well known as a top sports betting provider within the crypto industry, but you may not have known how truly special their Bitcoin horse racing betting site is.
Nitrobetting offers multiple thoroughbred betting events from across the globe. Want to bet on a USA event? Or maybe you are more interested in the Canadian league? Have you ever tried horse racing betting in South Africa? Nitrobetting has it all, as well as covering other events such as “Harness”.
Visit Nitrobetting1xBit
Another leading sportsbook, 1xBit brings forward one of the most impressive selections of worldwide horse racing betting offerings. Players can access and bet on races happening in Argentina, South Africa, Australia, Brazil, Canada, France, Ireland, Turkey, and more. There are so many exciting events and betting options available on 1xBit.
On top of their quality horse racing betting site, players can also access their other sportsbook options, casino games, brilliant bonuses, and so much more.
Visit 1xBitBut there is more. The above gambling platforms are simply the ones we can recommend the most, but there are tons of incredible Bitcoin horse racing betting sites for you to test out yourself. It is about choosing the perfect cryptocurrency casino for you. So check out these crypto horse racing betting sites below:
Advantages of using Bitcoin to bet on horse racing
Again, horse racing betting is hundreds if not thousands of years old, but the rise of the internet and more importantly Bitcoin has given it safer and more accessible grounds to grow.
It is because of the incredible benefits of Bitcoin and crypto gambling that we have seen so many players turn their attention to the tracks.
So why should you choose Bitcoin for your horse racing bets?
- Anonymity
- Security
- Low Transaction Fees
- Global Accessibility
- Fast Transaction Speeds
It is for these reasons, and many more, that cryptocurrency casinos have outlived the so-called “hype” and celebrated more than 10 years of crypto gambling operations.
So if you love horse racing betting, then you should be Bitcoin horse racing betting.
Understanding horse racing odds
Before you start placing Bitcoin bets on horse races, it’s crucial to understand how odds work so that you can claim the most profit out of your winnings.
There are three common types of odds that you might run into when Bitcoin horse racing betting and these are:
- Fractional Odds: These are often used in the UK and Ireland. For example, if the odds are 5/1, you’ll win $5 for every $1 wagered if your bet is successful.
- Decimal Odds: Common in Europe and Australia, decimal odds show you the total payout, including your original stake. An odds of 6.00 means you’ll win $6 for every $1 bet.
- Moneyline Odds: Popular in the United States, these odds display the amount you need to bet to win $100. For instance, +300 means you win $300 on a $100 bet, while -200 means you need to bet $200 to win $100.
Tips for successful Bitcoin horse racing betting
If you’re keen on turning your Bitcoin bets into winning tickets at the horse races, you’ve come to the right place. You’ll need more than just luck, so to increase your chances of winning and making informed choices we recommend:
- Research: Take time to study the horses, jockeys, and track conditions. Knowledge is your best ally when it comes to betting.
- Bankroll Management: Set a budget and stick to it. Don’t bet more than you can afford to lose.
- Diversify Bets: Don’t put all your Bitcoin into one horse. Spread your bets across different races and options.
- Stay Informed: Keep an eye on horse racing news and updates. Late-breaking information can impact race outcomes.
- Manage Emotions: Betting can be emotional. Stay cool and don’t chase losses. Stick to your strategy.
Have you tried virtual horse racing?
Maybe you don’t love the idea of real-life horse racing, for whatever reason, maybe you should consider trying your luck with virtual horse racing. But what is virtual horse racing?
Virtual horse races are computer-generated simulations of real horse racing events. In these virtual races, computer algorithms and random number generators determine the outcomes of races, much like the way slot machines or online casino games operate. Virtual horse races mimic the excitement and unpredictability of live horse racing, with detailed graphics and commentary that make it seem as if you’re watching a real race. And just like a real race, you can place bets and win big for predicting the correct outcomes.
The wild west of Bitcoin horse racing
And there you have it, almost everything you need to know about Bitcoin horse racing betting sites, how it works, and where to get started.
Whether you are betting on the new unpredictable stallion or putting all your money on the old girl with years of experience, your bets are safe in the hands of these Bitcoin horse racing betting sites. These platforms offer coverage of events and races from all around the world. From the USA down to South Africa and then back up to France.
The world of horse racing has never been easier to access, and we have the benefit of Bitcoin’s global accessibility to thank for some of that. So there you have it, you are not ready to tackle the tracks yourself, we wish you and your favorite pick the best of luck in the races.
