How to Deposit with Bitcoin on Gameday

People have been betting on sports since time immemorial. It’s one of the most popular activities in the entire world – but it’s never been as popular as it is today. Look at the way NFL betting has exploded in recent years; more and more countries are relaxing their rules to allow it. They’ve even put an NFL team in Las Vegas, something that would have been unthinkable not too long ago.

Technology has played a role in this, too. Thanks to the internet, you can visit Bodog Sportsbook anytime, 24/7, and bet on hundreds of different games and events from across the globe. Bodog makes it even easier for you by accepting Bitcoin (as well as Bitcoin Cash and Bitcoin SV) when you place your bets. This is easily the best way to deposit and play now at Bodog; we’ll show you how easy NFL Bitcoin betting can be, and how to get the most value from this new currency.

Deposit with Bitcoin for NFL Betting

The currency we’re talking about here is cryptocurrency. Bitcoin lives on the internet, with no centralized bank or government agency acting as a gatekeeper; all transactions are logged on a public ledger, which keeps everything as secure and transparent as possible – while also keeping your identity private. That’s why it’s a snap to learn how to deposit with Bitcoin fast and easy at Bodog Sportsbook.

Before you start betting with Bitcoin, you’ll need two things: a cryptocurrency wallet, and an account at a cryptocurrency exchange. These will allow you to move funds back and forth between your bank account and your Bodog account, without having to use credit cards or other deposit methods. We recommend downloading a reliable digital wallet onto your smartphone or tablet, so you can scan the QR code when you make your deposits. We also recommend using a regulated crypto exchange rather than a peer-to-peer exchange or a Bitcoin ATM. This will give you added security while also avoiding the large fees you get charged at the machines.

Bet on the NFL Spread, Moneyline and Total

Once you’ve made your first Bitcoin deposit at Bodog Sportsbook (step-by-step instructions are available in our Bitcoin FAQ), we’ll instantly convert those funds back into your chosen currency, so you can bet on the NFL and other sports exactly the same way you would using other deposit methods. But what if this is your first time betting on the richest sports league in the world?

No problem. There are three simple ways to bet on a single game: the point spread, the moneyline, and the total. With the point spread, the favored team (as determined by the oddsmakers) will be given a certain number of points they have to win by in order to “cover” the bet and pay out their supporters, while the underdogs can lose by up to that same number and still beat the spread. A moneyline bet removes the spread – just bet on one team or the other to win straight-up. And the total asks you to bet on whether the two teams will combine to score Over or Under a certain number of points. Odds for each week’s games will be posted on Bodog’s NFL betting page as they become available.

Parlay and Teaser Betting With Bitcoin

If you’re going to place multiple bets on any given week, consider putting them in a combo bet. That way, if you get all your picks right, your winnings will be multiplied instead of just added together. Watch out, though – get one pick wrong, and the entire bet loses. You can combine between two and 12 bets in a parlay. 

If that seems to risky, try a teaser (between two and 10 spreads and/or totals) instead. Teasers allow you to move each line either 6, 6.5, or 7 points in your direction. The more points you tease by, the smaller your payout will be, but you’ll also have less risk of losing. 

How to Withdraw After NFL Sunday

Once you hit that big parlay jackpot – or anytime you want to move money back into your bank account – you can also use Bitcoin to make withdrawals at Bodog Sportsbook. Again, you’ll be using your digital wallet and your crypto exchange to transfer those funds; it’s as quick and easy as making a Bitcoin deposit, with minimal fees compared to credit cards. Our Bitcoin FAQ and Help guides have all the details, so get on board with crypto today and start betting on the NFL with confidence at Bodog.