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Promoted Post – Part of our Bitcoin Gambling series
DirectBet (full review) is an online betting platform that allows you to bet bitcoin, litecoin and dogecoins on a wide range of sporting events. Bets can be placed using your browser, the site lists odds on horses, soccer, tennis, american football, baseball, basketball, snooker, golf, ice hockey, cricket, rugby union and league, darts, volleyball, boxing, mixed martial arts / mma, aussie rules, motor racing (including formula one and moto gp), and cycling. It specialises in offering players an anonymous betting experience, as you only need a bitcoin wallet address to play.
DirectBet is a web based sports betting platform that works on desktop and mobile browsers. It is anonymous, using only bitcoin wallets, and offers an impressive range of events, and odds are spread on a comprehensive number of markets. We had a good look around and came across all the major football matches available with different odds, as well as rugby, fighting and other sports. Using the site is simple, simply pick a bet you want to take a flutter on, and send your amount to the specified bitcoin address. If you win, your winnings and stake will be automatically returned to the bitcoin wallet address that you send your bet from. If a bet is sent after a sporting event has completed, this is refunded after only one bitcoin network confirmation.
DirectBet offers somewhat of a peer to peer system, giving players three options of bets, with flexible, fixed or negotiated bet odds available for different sports. The site stands out as allowing players to lodge amounts of any size, with no real minimum size other than the normal minimum of 0.00005430 bitcoin. There are large maximum bets which depend on the demand for a particular event, so a popular event such as a major sporting final will allow you to stake larger amounts.
The site also has a loyalty program, where you can claim different amounts of bitcoin, for wagering different amounts. However, this resets every month, so small scale gamblers are unlikely to be eligible.