Categories
News

Sports Betting with BTC

For those embracing Bitcoin use for gambling and looking for a betting site that is reliable, with promotions and good odds, 1xBit is an excellent option. In this article we will show you the main reasons why you should invest your cryptocurrencies – or not, if the disadvantages, in your opinion, outweigh the positives – at 1xBit Brazil.

The website went live in January 2017 to be the “crypto” arm of Russian giant 1xBet, 1xBit was able to take advantage of the experience and good reputation of its “sister” bookmaker and grew quickly, gaining the trust of cryptocurrency users. And, taking advantage of the dizzying price growth and popularization of bitcoin and other altcoins during its first year, it saw the number of users jump to numbers that guarantee the stability and profitability of the business.

bet with btcCovering a huge number of sports and e-sports, the 1xBit betting site also has a large number of bonuses and promotions to attract the interest of new users and keep bettors’ interest always on the rise.

And the possibility to remain anonymous while playing also draws the attention of many punters who prefer not to identify themselves.

For those who have just made the registration, which should be the fastest and simplest on the planet, the welcome bonus is 100% of the amount of the first deposit, up to the amount of ₿1. The minimum to be put into the account to receive the bonus is m₿5 (₿0,001).

But the bonus doesn’t stop there! Activate the “Participate in bonus promotions” function in the “My Account” area and, in addition to your first deposit, you will also receive bonuses for your second, third and fourth deposits. In total, the reward can be as much as ₿7!

The maximum bonus amounts

  • for the 1st deposit – 100% bonus up to ₿1
  • for the 2nd deposit – 50% bonus up to ₿1
  • for the 3rd deposit – 100% bonus up to ₿2
  • for 4th deposit – 50% bonus up to ₿3

The rollover is quite high, always 40 times the deposit amount, and can be returned in cash or in the form of “bonus points” (but don’t worry, there is no shortage of ways to use these points). The deadline for these deposit bonuses is always 30 days. The conditions are bets with minimum odds of 1.6 that are not cashback fruits and are valid for all single or accumulator sports bets.

To register with 1xBit, all you have to do is click on the “register and get a bonus” button. That’s it. After that, just prove that you are not a robot and you are already registered. The site indicates your user number and password. If you prefer, you can register an e-mail for the platform to send you an e-mail with these data, but you are not obliged to.

Since it is all done by cryptocurrency, no personal information or confirmations are required, but if the house discovers irregularities, it closes the account and the user loses the money.

How to get your bitcoin welcome bonus, step by step

  1. Register by clicking on the “register and get a bonus” button.
  2. Make a deposit of at least m₿5.
  3. Once the rollover of 40 times the deposit amount is met, you will receive your bonus, worth up to ₿1, and be eligible for the second deposit bonus.

bitcoin welcome bonusIt is very easy to get lost amidst so many bonuses and promotions that 1xBit sports betting and casino offers to registered users. Here, we will focus on the main ones and explain how they work.

As soon as the first deposit is made, the bettor must choose one of two promotions to receive points while betting. And, as she earns points, she can use them in the 1xBit store. We’ll talk more about the store ahead.

Only one of the two promotions can be active at any given time. You can switch from one to the other, but all unused points are lost.

Players who like to place live bets will prefer this bonus. It is only valid for this type of betting and is daily. The more you bet, the more points you earn. Daily it distributes points, according to the number of bets placed and the performance. Every 24 hours (starting at midnight in Moscow) he compares your balance and sees if any withdrawals have been made. Then an account is made for the distribution of points.

The formula

Points = (account balance – withdrawal)* % remuneration /100
% payout = loss or win /10*balance

In case of a win the net winnings of the bet are taken into account.
In case of a defeat, the lost amount is counted. All amounts to be considered from the bets are added together and form the “win or loss”.

It seems a bit complicated to understand, but on the website there is a more detailed explanation. At the end of the day, the account is done and the user receives the appropriate points.

In this mode, regardless of whether the sports bet wins, the player receives points as soon as he places the bet. As with the “Bonus on your account balance”, there is a formula that determines the amount of points to be awarded.

  • Points = wager amount (in $) *offer amount
  • Bid amount = square root of the stake minus 1
  • Maximum amount of the offer = 5

More bonuses and promotions

In addition to these initial promotions, those who bet with bitcoin or in another cryptocurrency at 1xBit have 12 other bonus options, both in casino and sports betting. There are daily and weekly bonuses, and we will highlight two promotions below.

The most relevant sports events of the day receive a special accumulator. Winning bundled bets in this promotion receive a 10% increase in the odds.

1xBit Formula One Betting

If you are a motorsport fan, and you have a bad bet on Formula 1, you can end up winning a lot in 1xBit’s “Formula 1” slot.

This is because for every m₿1 lost, the bettor gets 1 free spin on the game. To be eligible for this promotion, the bet must be at least m₿1, with a minimum odd of 1.4. And if it is a cumulative bet, at least one guess must be on Formula 1.

In addition to cryptocurrencies, the 1xBit sports betting and casino bettor earns points, lots of points, which can be redeemed in the site’s store. There, points can be exchanged for games or codes for other bets, guesses, insurance or casino games, or they can be turned into cash.

There are almost 30 different redemption options

Each 500 points are worth $10. With 50 points, for example, you can buy a code for a free bet on any sporting event with a rating of 1.8 or higher. You can also buy treasure chests to try your luck with bonuses, lottery tickets, free accumulator bets on soccer… in short, the store is full of options.

Is 1xBit reliable?

By operating only with cryptocurrencies, the 1xBit betting site undoubtedly reduces its options, but at the same time it gains the freedom that virtual currencies offer, such as reducing bureaucracy and identity checks for users.

Because it has a very strong structure, even belonging to the same group that runs 1xBet, a fiat currency betting giant that also accepts cryptocurrencies, there is no risk of the site failing to pay its bettors. But just like 1xBet, 1xBit does not make its information easily available. It has a license to operate as a bitcoin betting site in Curacao. 1xBit also offers Forex services, for those who invest in cryptocurrencies.

1xbit Payment methods

Despite accepting 28 different cryptocurrencies, 1xBit recommends using bitcoin to deposit money into the house. For those who do not yet have bitcoins, simply choose, in the “Payments” section, under “Deposit”, the option “Buy cryptocurrency” (it is a red button, easily identifiable), and 66 cryptocurrency exchange houses will be displayed. Just choose the one you trust and buy the bitcoins.

After you have made your purchase, just transfer the cryptocurrencies to your 1xBit account. 1xBit was one of the houses that came to the market to cover the void left by Bovada, a house that also accepted Bitcoins, but that stopped operating in Brazil.

To withdraw money, there are 20 different cryptocurrencies accepted, and the process is inverse to the deposit, with the transfer being made from the sportsbook to your crypto wallet.