Bitcoin Golf Betting Guide 2021

The big question often asked by golf bettors is, “Why should I bet on golf with Bitcoin?” The most obvious answer is to earn more Bitcoin.

However, there are several additional advantages to depositing and playing with Bitcoin over fiat currency. Let’s take a look at a few:

Faster Transfers – Do you like to wait for days or weeks to get your money? Of course not. When you play with Bitcoin, you will experience fast deposits and cashouts. Deposits are available for play in a matter of minutes. When it is time to cash out, you will get your funds in a few minutes on average. For fiat currency, it can take up to 2 weeks to receive a payout.

Ease of Deposit – Have you ever tried to deposit on a sportsbook using a credit card, and had it decline? You won’t have that problem with Bitcoin. Bitcoin is decentralized, meaning that it isn’t controlled by the banks or the government. There are no restrictions on its use, making it an obvious choice for online gambling.

Reduced Fraud – When depositing with Bitcoin, all payment data is sent through the blockchain. Blockchain is an uncrackable protocol that is used to send and receive Bitcoin payments. You don’t have to worry about hackers intercepting your payments or private data. The only person that can receive your Bitcoin is the wallet holder. This reduces fraud for both you and the sportsbook.

No Fee Transactions – If you deposit or cash out using fiat currencies, you may be subject to transaction fees. These fees can pile up. Since Bitcoin does not require third-party payment processors, casinos save money. They pass these savings to players in the form of fee-free transactions. Most sportsbooks offer zero-fee deposits and withdrawals using Bitcoin.

Type of Golf Bets Available

Most Bitcoin sportsbooks offer Bitcoin golf betting. PGA tour Bitcoin betting will be available, but you may also find betting opportunities for the European Tour, LPGA Tour, and other golf tournaments worldwide.

Below are some of the most common bets you will be able to make at sports betting sites:

Tournament Winner – The most common form of bet you can place on golf is a moneyline bet on the eventual winner. For example, you can bet on whether Tiger Woods will win the PGA Championships.

Matchup Winner – Another popular golf bet is betting on head to head matchups between two golfers. If Sergio Garcia was matched against Phil Mickelson, you could bet on which will post the better score.

Group Matchup – Similar to a matchup bet, but it will involve a group of three or more players.

Prop Bets – There are various proposition bets you can make for golf. You can make bets on who will be the first-round leader, who will finish in the Top 10 or Top 20 in a tournament, or more.

Futures Bets – Some sportsbooks will allow you to place bets on a future tournament. These are speculative bets with generally higher odds than bets placed closer to the week of the tournament.

Before signing up for an online sportsbook offering Bitcoin golf betting, you need to acquire some Bitcoin. The process is two-fold. First, you need to download a Bitcoin wallet, and then you need to purchase some Bitcoin. You can learn more about this process in our guide to buying Bitcoin.

Once you have purchased some Bitcoin, go ahead and sign up for at an online casino or sportsbook. After signing up, you will need to deposit some Bitcoin onto the site. Once the deposit is made, you can then begin to bet on golf with Bitcoin.

Note that how you bet will depend on the type of sportsbook or casino you use. If your site is a true Bitcoin sportsbook, you will be able to place bets using satoshis or mBTC. For websites that are Bitcoin-friendly, you can make a deposit using Bitcoin, but your crypto will be converted into the preferred fiat currency for the site. This is generally USD or EUR.

Picking the Best Bitcoin Golf Betting Site

We can’t tell you which Bitcoin golf betting site is best, as that is a matter of personal preference. However, we can tell you the features standard for the top Bitcoin sportsbooks:

Variety – The best sports betting sites offer a wide range of sports betting. You can bet on all sports, not just golf. Also, they will provide a robust selection of bets. If you’re limited to only the major championships, then you probably should find a different site.

Software – You can quickly tell a quality sportsbook from their software. Are they using software from providers like SoftSwiss or Microgaming, or does the site look like a college programmer created it? Top-tier sites will use software from premier software companies.

Licensing – The #1 way to get scammed when betting with Bitcoin is by playing on a site that isn’t licensed. Licensed sites must adhere to strict guidelines as if they were brick and mortar casinos. The website should proudly display licensing information on all pages. If you cannot find any licensing information, pick a different site.

Support – When you have a question, who do you turn to? The best sportsbooks will offer live chat or telephone support for their customers. Customer service agents will be English speaking and well-trained in the product. If the site only provides email support, consider using a different website.