Best Monero Sports Betting Sites 2022 & XMR Betting Sites

An Introduction to Monero Sports Betting Sites

Sports betting and online gambling with cryptocurrencies is undoubtedly one of the most popular and enjoyable activities worldwide. Gambling online has been known for a long time, but the industry has witnessed the evolution of several aspects of payment methods with tremendous advancement. Many sports betting sites are currently offering an exciting mode of payment that includes digital currency like the Monero blockchain network, which has made the gambling experience for crypto gamblers all the more enthralling with added benefits. Anyone can join the best Monero betting site and enjoy seamless sports betting and gaming experience from any part of the world and at any point in time.

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The introduction of cryptocurrencies like Monero has become massively popular due to benefits like anonymous gambling, no transaction fees, greater accessibility, etc. The site offers fast withdrawals that allow players to enjoy their winnings instantly. Monero is a decentralized cryptocurrency that ensures anonymity for users who bet and gamble with Monero.

This article on best Monero sports betting sites highlights the pros and cons, factors that affect the sports betting experience with Monero, features of Monero sports betting sites, and many more.

How to Start with Monero Sportsbook?

To start betting and wagering with Monero, specific steps need to be followed. The process is pretty straightforward and similar to how one would bet on a traditional sports betting site using fiat currency. For beginners who want to join the best betting site that accepts Monero, here are a few steps to help them place a bet with Monero XMR.

Step 1 – Buy Monero from a crypto exchange

The first thing that all players need to do is purchase Monero (XMR) tokens from a crypto exchange that offers Monero in exchange for fiat money or other cryptos. Users can buy Monero and store them in any digital wallet for future payments or sports betting and Monero gambling.

Step 2: Choose a reliable XMR sportsbook

Finding reliable and licensed sports betting websites is essential for safe betting. This can be a challenging task given that there are hundreds of Monero betting sites and online casinos available in sports markets. Users can go through betting sites’ financial regulations and customer feedback and reviews to find the best betting websites that accept Monero payments.

Step 3: Open an account

After choosing the best sports betting sites that accept Monero, it is time to register and create a betting account to start betting with cryptocurrencies. Most sports betting websites allow players to remain anonymous. This is something that players love as they do not need to provide any personal or financial information to place bets with Monero. Still, they must provide their email ID and a strong and unique username.

Step 4: Make the First Deposit

Crypto betting accounts offer instant registration. Once the account is ready for monero betting, players will need to deposit Monero into their accounts using a unique wallet ID where the Monero tokens have been stored. It is important to note that gamers must enter the correct wallet ID to avoid losses.

Generally, Monero transfer times are near-instant, and the funds will appear in the Monero sportsbook in just a few minutes.

Step 5: Withdraw winnings

One of the best things about Monero sports betting sites is that gamers can enjoy their winnings immediately after a sport or game is over. Winnings can be withdrawn from Monero sports betting sites to crypto wallets that accept Monero using a correct wallet ID.

Players must remember that different games, sports betting, and in-play betting come with variable house edges and risk levels attached. It is, therefore, highly recommended that gamers bet and gamble responsibly to avoid losses.

Pros and Cons

Monero betting markets offer many advantages that makes the platform more desirable than other traditional sports betting websites; here are the pros and cons of Monero sportsbook sites –

Pros Cons
Top-level security measures such as two-factor authentication and SSL encryption protocols. Betting is a risky activity that may not always give the same betting odds.
XMR transactions offer anonymous betting. Monero betting markets are not widely available.
Live casinos at Monero sportsbook sites offer a personal live feel with live dealers.
Plenty of sports betting and in-play betting (Tennis, American Football, Premier League, ice hockey, and more) and live casino games (slots, roulette, baccarat, poker, blackjack, card, and table games) are available.
Variety of bonuses, free spins, free bets, a rich VIP program, and promotions available in Monero betting markets.

Points To Consider While Choosing Best Monero Sports Betting Site

Although the number of Monero betting sites is still small compared to Bitcoin and Ethereum sports betting sites, they are soon to be available in large numbers as the demand for Monero from gamblers and bettors is increasing exponentially. The best Monero bookmaker offers faster deposits and withdrawals than bank transfers and credit and debit card payments.

Additionally, there are other essential aspects to consider for selecting the best Monero sports betting sites, such as bonuses like deposit bonus, VIP program, free bet, and a plethora of sports games like Tennis, American Football, Ice Hockey, etc. The best Monero sportsbook also ensures better security from scams, removes geographical, political, and other such restrictions, and guarantees anonymous betting.

Here are a few factors that players must consider while finding the best sports betting site that accepts Monero and other significant cryptocurrencies –

Reputation

A great starting point to find out how well reputed a Monero sportsbook is to check the years of operation. Best Monero betting sites that have been in the business for more than 10 years can be assumed to be safe monero betting platforms. Players can also check whether the chosen online casinos are regulated and monitored by leading licensing authorities such as the government of Curacao or the Gambling Commission of the UK.

Another way of verifying a platform’s reputation is to carry out a background check of the platform’s history and go through as many user reviews and feedback as possible. This gives a clearer picture of how secure, authentic, and reliable a platform is.

It is highly recommended that users identify the advantages before registering with a legit Monero sports betting site. Players can compare the options side by side. Still, it is essential to remember to check the availability and accessibility of the monero casinos in a particular country and whether they are well-reputed before depositing Monero tokens on the platform.

Legitimacy

The Monero sportsbook that one would want to use must not only be well-reputed and trustworthy but also have the following features to prove its legitimacy – a strong license held by the Monero betting site, the year it was founded, the number of complaints received by Monero sportsbook and whether the customer support team can resolve complaints and queries in the quickest possible way. Gamers should ensure the Monero betting site they are using and putting their money in is legit and safe.

Consequently, the brand’s history must be known and satisfactory to the customers. They should have very few or no reports of criminal activities and scams.

Do not register and add funds before finding out the legitimacy of the Monero sportsbook. For players who reside in a prohibited region, a legitimate Monero sportsbook will stop them from registering and creating an account on the platform.

Unfortunately, many unreliable Monero betting sites allow gamers from prohibited countries to register an account and wager but will instantly block the account when they try to withdraw their wins. This can lead to potential losses, and hence, gamers must make sure that they wager on a reliable and trustworthy Monero sportsbook that allows anonymous gambling cryptocurrency.

Country Restrictions

It can be a real deal-breaker if sports betting sites that use Monero do not offer services to gamers in a particular region. Depending on the location of the gamers, it is possible that the chosen sportsbook may not be available or supported in a particular country. If a country is restricted or prohibited from using Monero on the best platforms, the official website will display the country in its list of restricted countries.

Note that not all sportsbook sites use Monero depending on the location of the gamers. These sportsbook sites will allow gamers to register, create an account, and deposit funds. Still, when the gamers decide to withdraw their winnings, the platform usually asks for their account verification.

If the platform operators discover that the player is from a restricted country, the funds and the account get frozen. Shady betting websites using Monero can even use this opportunity to keep the funds to themselves. Hence, it is important to double-check and find out if the Monero betting site chosen by the new players permits them to safely register, create an account, deposit, and withdraw funds.

Sports Variety

Another crucial aspect to consider while choosing the best Monero betting site is to look for the variety of games and sports events offered by the platform. When playing using Monero, players must ensure they get an exciting and engaging gaming experience and are allowed to choose their favorite sports, value, and collection of lines.

Nevertheless, gamers must not automatically assume that all sports betting exchanges that offer Monero come with a decent variety of sports offerings. Many exchanges and sportsbook sites may use Monero and have a great list of sports, but it is not valid for all. To identify a sportsbook with the best offers, it is recommended to register with multiple legit betting sites accepting Monero and compare the options side-by-side.

However, players should always keep in mind that the accessibility, availability, and reputation of the betting platforms accepting Monero in a particular country are the essential aspects to consider before depositing Monero tokens at the chosen platform.

Anonymity and Privacy

One of the most significant advantages of betting with XMR tokens is that these exchanges and platforms usually offer complete anonymity and privacy that most gamers prefer over traditional exchanges and platforms. Playing e-sports by keeping identities completely private is necessary for most gamblers, and this is possible only at betting websites that offer Monero payment methods.

The platforms can offer complete anonymity only because of the Monero Blockchain technology that includes a decentralized mode of payment. As a result of this, the gamers’ identity remains anonymous, which also ensures that the gamers have guaranteed and complete financial privacy. There is no need to justify or explain to anyone about XMR investing, deposits, and withdrawals on betting sites. It also undoubtedly amplifies the betting experience of all gamers to the highest possible level at a monero betting site.

Bonuses and Promotions

Coming to the bonuses, most online sports betting websites accepting Monero and other cryptocurrencies have a plethora of bonuses and promotions available on their platform. Compared to traditional betting sites, crypto sports betting platforms often introduce various bonuses to attract more gamers to their platform.

The bonuses do not end with the welcome bonuses, and there are other frequently offered bonuses such as deposit bonuses, daily/weekly/monthly reload bonuses, cashback, rake backs, etc.

These are provided to the gamers throughout their gaming journey at the sports betting website. This is done to keep them engaged and glued to their seats for an extended time.

The most common bonuses offered by sports betting websites accepting Monero and other cryptocurrencies include welcome bonuses, deposit bonuses, free spins, and other promotions. The welcome bonus is of two types – a deposit bonus or no deposit bonus and free spins. Typically, the welcome bonus is offered to the gamers during registration.

However, it may seem that the welcome bonuses are extremely generous at first glance, but there is a catch here. These perks are usually attached to heavy strings called wagering requirements or bets limits. Sometimes, the gamers may have to place bets of up to 60 times their initial deposits before withdrawing their winnings. This is one of the many limitations to enjoying or claiming a welcome bonus offer. Hence, gamers must always go through the terms and conditions concerning the welcome bonus and other promotions before investing at a Monero sports betting website.

Customer Service 

Although cryptocurrency has been in the market since 2012, many people are still unaware of its advantages across various industries. Most gamblers who are new to the cryptocurrency world are still learning how these digital payment methods and a crypto or Monero wallet work. As more and more sports betting sites adopt cryptocurrencies like Monero, Bitcoin, Bitcoin Cash, Ethereum, and others on their platforms, gamers are surprised to learn about the benefits of crypto sports betting. Shockingly, new gamers are shifting from online sports betting to crypto sports betting due to the multiple advantages.

However, there is still a significant lack of knowledge prevailing among such gamblers. For this reason, sports betting sites that offer Monero and other cryptocurrencies make sure that their customer support is approachable, responsive, quick, and efficient at providing their service, especially to new crypto gamers.

Having efficient customer support helps keep gamers interested in betting with cryptocurrency. The best Monero sports betting sites give importance to the well-being of their customers and, therefore, offers a world-class support service to them. Usually, they have 24×7 support channels, including live chat, email support, phone support, and other social media platforms, including Facebook, Instagram, Twitter, etc.

Additionally, the top legal sports betting sites also have comprehensive FAQs that answer most gamers’ frequently asked questions.

Payment Methods

Most best Monero casino and sports betting websites offer multiple payment methods, including cryptocurrency. Since cryptocurrency is a relatively new payment method, not every player will be accustomed to betting with cryptocurrency like Monero.

To cater to a broader section of the betting population, these crypto sports betting platforms try to offer as many payment methods as possible so that the maximum number of gamers can participate without any hassle. The idea is – the more the variety of payment methods, the better will be the experience gained by the gamers. The most common payment methods offered by Monero sports betting sites include bank wire transfers, debit or credit card payments, E-wallets like Skrill, Taylor, and tons of digital currencies like Monero, Bitcoin, Ethereum, Litecoin, Dogecoin, Bitcoin Cash, etc.

Every method indeed has its own set of pros and cons. For instance, many Monero betting sites offer unique bonuses if the gamers use a particular payment method to make a deposit or withdrawal at the platform. This is not surprising as XMR sports betting sites often offer various bonuses to encourage more gamers to register at their platforms and use cryptocurrencies to make transactions.

Withdrawal Speed & Limit

Another essential thing to note is that Monero and crypto move extremely fast, as does the best Monero or crypto betting website. Players get an opportunity to access their Monero winnings instantly after the game is over.

In some instances, Monero sports betting platforms process XMR withdrawals in a few seconds, while others take a few minutes more to process the same. These benefits are not available at an online non-crypto exchange or sportsbook. Generally, Monero offers the fastest speed of withdrawals compared to other cryptocurrencies like Bitcoin, Bitcoin Cash, etc.

Additionally, withdrawals at Monero sports betting sites do not have any limits, and gamers can withdraw all their money at once. Many platforms often limit withdrawals to $10,000 a month. These restrictions are pretty disappointing for gamers and are eliminated when gamers use legal Monero betting sites.

VIP or Loyalty Programs

Apart from the generous welcome bonus and other promotions, the best crypto and XMR sportsbook websites also offer exciting VIP programs, also known as loyalty programs, that keep the gamers excited while gambling at the website.

With tremendous competition in the crypto sportsbook industry, it only makes sense for sports betting companies that offer XMR transactions to offer perks through VIP programs for big bettors and loyal gamers. The VIP program is meant only for VIPs or loyal customers that includes unique and special benefits that other members of the platform never earn or enjoy.

For example, the VIP program could include cash bonuses, extra free chips, free spins, a dedicated manager, birthday presents, one-on-one customer support, etc.

The best loyalty programs tend to improve the experience of every member and ensure that they remain loyal to the platform. Overall, gamers must consider the standards of a Monero betting site or sportsbook and check the VIP package offered by the platform before registering.

Some Important Features Of Monero Sports Betting Sites

Thousands of gamers are now registering with XMR betting and sportsbook platforms, using XMR wallets and exchanges to buy Monero and reap the maximum advantage of Monero sportsbook websites. There are plenty of features available on Monero sportsbook platforms that are safe and secure for gamers.

Some of the features of Monero sports betting sites have been discussed below –

Sports

Players who register with Monero sports betting platforms can soon explore the different sports markets to choose their favorite online sports available on the standard betting website. Players who choose the best Monero platforms enjoy better odds from multiple markets compared to standard sportsbooks.

What is more interesting is that the gamers get to have front-row seats to the famous events worldwide, including soccer, tennis, golf, basketball, and American football. Popular events include LaLiga, the World Cup, the European Championship, the English Premier League, the ATP, WTA finals, US PGA, the US Open, the Masters, NBA finals, All-Star Game, the Rose Bowl, and the Super Bowl.

Monero sports also include cricket events, including the T20 World Cup, ICC Champions Trophy, and the ICC Cricket World Cup. All in all, the best Monero betting sites ensure that the players can get involved in exciting live casino games and tournaments, including baccarat, poker, slots, and tennis.

Additionally, if a player wagers his money sufficiently, he can earn an opportunity to get profits.

eSports

The rising popularity of eSports or electronic sports is not extraordinary or unbelievable as players love and enjoy them to the fullest. Currently, e-Sports has an audience of more than 450 million people. More than a thousand tournaments take place globally and annually, featuring some of the best gamers in the world.

Although not all esports are featured prominently, such as the 2024 Olympic Games, several experts claim that it is only a matter of time before esports get the Olympic recognition. Many traditional betting platforms have earned sufficient money by offering esports, and it has not taken too long for XMR sports betting firms to follow the same.

It is essential to familiarize yourself with electronic sports before players buy Monero and place a bet on different sports events. Many games like Poker, Slots, Baccarat, StarCraft II, PUBG, Dota 2, and other live casino games belong to the list of most popular tournaments and XMR sports betting platforms are continuously trying to offer these markets and provide certain sports games, including events for the differently-abled people.

There is no doubt that XMR esports is the future; it is here to stay and continues to rise in popularity.

Virtual Sports

Virtual sports are sophisticated events with algorithms that determine the game’s outcome. The graphics are generated by the computer and often offer exceptional quality and a truly immersive experience to the players. There are hundreds of virtual sports available on the market, such as motor racing, soccer, and horse racing.

Players who place bets and wagers with Monero on different virtual sports can witness the same results irrespective of their location. It is often a mistake to compare the traditional sports games to virtual sports as computers generate the latter and the former includes real people.

In the case of virtual sports, the players do not have any formbook to browse through, and they cannot determine the quality of the individuals, animals, or teams involved. All the decisions made by the players boil down to fate and luck. Hence, players should not look at virtual sports to earn profits in the long run.

Monero sports betting websites offer virtual events regularly, so even if a player misses one event, there is no long waiting time to place bets and wagers on the next.

Since virtual sports have no impact on real-world sports events, they are considered legal in many regions, which is not the case for traditional sports games. If a country bans players from using XMR on any sports event, the players will still have the option of placing a bet on virtual sports instead.

Safety Tips to Consider While Playing on XMR Sports Betting Sites

Monero sports betting sites are trending and becoming more and more popular among online gamblers due to fast deposits, withdrawals, and anonymity. Thousands of XMR sports betting platforms are available in the market, but not all are safe or have a valid license by leading gaming authorities.

Here are a few safety tips for players who choose to bet using Monero–

Check if the website is licensed 

Sports betting websites that operate with a valid license are safer and more secure as they are compelled to follow the rules and regulations laid down by their regulators. Before funding a betting account, it is vital to check the platform’s gaming license and reputation to avoid losing money. Players are often cheated by unlicensed XMR sports betting sites, but only if authorities, like Curacao Gaming Commission, UK Gambling Commission, and Malta Gambling Commission, do not regulate them.

Make transactions from authorized platforms

Monero was launched in 2014, and it has always shown a strong indication of stability which is why many Sportsbooks are accepting Monero from their players. The currency focuses on privacy and offers anonymity and complete privacy to crypto gamblers. Making transactions from authorized betting platforms using Monero involves unique ring signatures that include the confidential addresses of the recipients, which helps with the transaction’s privacy.

Additionally, Monero transactions from authorized platforms prevent the tokens from being used more than once. The ring transactions are unique so that every token can be used only once in a transaction. Authorized platforms ensure no risks are involved in XMR transactions, and players can comfortably bet in a completely safe and secure environment.

Conclusion

Monero XMR is a popular cryptocurrency that has become a standard mode of payment in online betting platforms. It is one of the fastest cryptos in the iGaming industry, and the number of people betting with XMR is ever-growing.

Many online betting sites have started implementing the XMR banking method since it is a lot safer than traditional options. Players can bet on their favorite sports, dice games, poker, baccarat, and slots with XMR cryptocurrency.

All in all, XMR betting sites offer the most enthralling sports events from various corners of the world, and they offer a wide range of bonuses, deals, and promotions that players can easily claim.

FAQs

Are Sports Betting Sites that accept Monero legal?

Most Monero betting sites are legal, but the legality depends on the players’ country of residence.

How long does a Monero deposit take?

Monero deposits take anywhere between 2 to 15 minutes, depending on the blockchain network traffic.

How long does a Monero withdrawal take?

Monero withdrawal processes go through the same process as Monero deposits. However, most Monero platforms have to monitor and authentic the withdrawals manually, which may take a few more minutes.

Can I Bet completely anonymously on Monero betting sites?

Yes, players can bet on XMR betting platforms privately and anonymously as no personal or financial information is required to use Monero betting platforms.

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