A guide on how to bet on sports with Dogecoin
Bitcoin is often referred to as the foundation for crypto sports betting. While that is true, you should also remember that there is potential for other cryptocurrencies. Dogecoin has emerged as one of the biggest cryptocurrencies in the world.
Most people have accepted Dogecoin as a top cryptocurrency now and in the sports betting world, it has reached a level of popularity just below Bitcoin. Before we fully dive into Dogecoin betting, let’s take a look at what led to its growth.
What is Dogecoin?
When Billy Markus and Jackson Palmer created Dogecoin, they initially intended it as a joke but it became larger than they first realised. They wanted to make fun of the people who were speculative regarding cryptocurrencies.
The satirical nature of the coin might make it sound invaluable but it has worked out for Dogecoin. It developed a passionate online community and it managed to reach a solid value of $85 million by mid-2021. You can see huge supporters in the community headlined by Tesla and SpaceX CEO Elon Musk. Dogecoin managed to reach an all-time high when Musk was posting tweets about Dogecoin.
Now, Dogecoin has shown its versatility because it has also breached the sports world. Bitcoin and Ethereum are mostly seen as the prime cryptocurrencies for sports betting but most people should know that Dogecoin sports betting is a huge market now. If you want to get started with your sports wagers, you should know what wallet you should go for.
What are the different types of Dogecoin wallets?
When you go to a Dogecoin betting site, you need to have a wallet to use for your wagers. Crypto wallets are used to store your cryptocurrencies but they are also used to be the main source of your payments for investments and in your case, sports betting. Let’s take a look at the wallets that can be considered optimal if you’re wondering how to get a Dogecoin wallet for yourself.
This type of wallet is pretty self-explanatory because they mostly coincide with crypto exchanges. These are all useful, especially since they have a connection with the wallets where you can buy cryptocurrencies like Bitcoin and Dogecoin. These are all solid options if you want to thrive using a Dogecoin exchange wallet for your sports wagers.
Coinbase Wallet - As one of the most popular crypto exchanges in the world, Coinbase already has a gleaming reputation. The Coinbase experience is what makes this wallet special because they have the usual strengths of a top-tier wallet like solid storage and accessibility. With the connection to Coinbase, there is solid potential for growth since the exchange is such a popular platform. This can serve as your Dogecoin wallet but you should remember that there are other available cryptocurrencies in the market.
Binance Wallet - Similarly to the previous entry, Binance is also one of the biggest crypto exchanges in the world. With a wide range of tools that can be used on this platform like crypto graphs and analysis, the Binance wallet makes it an even better experience because they fully support investors.
On the other hand, software wallets are also easy to use. This will require you to download a specific software program to use it. Sometimes, there will also be mobile apps that further help you with your cryptocurrency management and in your case, a Dogecoin software wallet.
ZenGo - As a non-custodial and keyless crypto wallet, ZenGo is one of the simplest and yet most secure wallets out there. You can recommend it to newcomers and veterans alike. You can create an account in almost an instant. It supports more than 70 cryptocurrencies including Bitcoin, Ethereum, and of course, Dogecoin.
Gemini - Another simple yet useful platform is Gemini. It allows you to select up to more than 40 cryptocurrencies and it also has solid security measures. You should also expect that it has an awesome user interface because of the streamlined process. This is one of the best Dogecoin wallet options that you have and this has a bright future with the potential that it has presented.
How to deposit money for Dogecoin sports betting
If you ask 'how to put money in Dogecoin wallet?', the process is easy. You will have to follow the necessary steps on Sportsbet.io.
Click on your username in the top-right corner of the Sportsbet site.
You will have to go back to your wallet, and you will select your currency of choice, In this case, you will most likely be using Dogecoin.
Click on the deposit button.
You will then have to copy the wallet address and paste it into your wallet’s destination bar. This will initiate the transaction. At times, there is also an option to scan a QR code by using your smartphone if the wallet allows that to work.
Lastly, you will receive a confirmation notification after the transaction is made.
You may then proceed like normal with your sports bets. Some people might see there is a difference between using fiat and cryptocurrencies but besides the deposit and withdrawal process, the betting process itself is pretty easy to get because you will just have to bet a certain amount and select the bets that you want to make.
How to claim your winnings from Dogecoin sports betting
Withdrawals are pretty similar to the deposit process on Sportsbet. You will have no issues moving forward with your withdrawals since they are pretty easy to understand. To claim the rewards for your Dogecoin sports betting, you will have to follow the necessary steps.
Click on the top-right corner of the page and select the currency icon.
In the wallet section, you should click the Withdraw button.
You will then enter the amount that you would like to withdraw and input your wallet address. After that, click the withdraw button to finalise the transaction.
When Sportsbet receives the request, you will get an immediate message so that you can confirm the withdrawal.
Most withdrawals will be instant but that can change when it comes to the large values. Large withdrawals will have to be processed manually which means that they will incur a slight delay. Sportsbet will then send the withdrawal to a payment provider and you will receive them depending on the provider’s processing time.
You can check your history of deposit and withdrawal transactions afterwards by clicking the account balance symbol. After that, you can go to the wallet section and you will then find the My Transactions page.
Now that you know how the process works, you should know what sports you should bet on. On Sportsbet, you will have access to many of these sports, and you can bet on all of them using the payment methods that you prefer. In this case, you will be using Dogecoin which is a promising cryptocurrency.
What sports can you bet on with Dogecoin?
Just like fiat currencies and Bitcoin, you will have a wide range of options when betting on Sportsbet with Dogecoin. The platform is made for many types of payment methods and they do not change much when you’re swapping over to other options. Now, let’s take a look at the sports that you can bet on and what makes them appealing to bettors.
As the most popular sport in the world, soccer is one of the best options that you can bet on Sportsbet. You have tons of options when betting on soccer matches because there are multiple options. In Europe alone, there are five gigantic leagues that you can bet on which involve the English Premier League, German Bundesliga, Spanish La Liga, French Ligue 1, and the Italian Serie A.
Soccer matches have tons of markets to choose from as well. This is one of the best sports that you can bet on using your Dogecoin because you can use many tactics. If you even look at the Dogecoin betting odds, you will have a tool at your disposal to help win your bets.
While it is mainly known as a North American sport, basketball has also grown in other areas of the world like Europe and Asia. This worldwide presence is what makes this sport such a good one to bet on. The National Basketball Association will always be the popular choice but you also have the EuroLeague and the Chinese Basketball Association to bet on as well.
If you’re looking for a one vs one sport, tennis is the way to go. Of course, there are doubles present in tennis but the main sports betting markets involve the one vs one format. Tennis should be a fun sport to bet on as well because there are many tournaments held almost every week. The biggest events will have to be the Slam events since they hold the most value and the best players do not want to miss them.
A relatively new entry into the betting industry. Esports has become one of the biggest competitions in the world thanks to the ever-growing video game industry. Competitive video games were not popular back in the day but since the internet and multiplayer were introduced, these games started to take off and it has paved the way for the rise of the esports industry.
If you are looking for the best esports games, try out the following.
League of Legends
Counter-Strike: Global Offensive
Those are just a few of the sports that you can bet on Sportsbet.io. Now, if you want to win your wagers, you should look at some Dogecoin betting tips that can help you move forward.
What are the best strategies to win your bets?
To win your bets, you will need to have a good bag of tricks. You won’t have any issues moving forward because you can look at these Dogecoin betting strategies to help you win your bets. Here are the ones that you should remember so you can win your bets at a reliable rate.
Research the sport you’re betting on
Through research, you can thrive with your bets if you look into every factor possible. For example, if you’re betting on football, you should look into what makes a team strong. This can come in different forms like the quality of players on the roster or their playstyles.
You should also watch the games themselves so you can have a good idea of what is happening in the games. Some players can thrive from a statistical standpoint but when you use your eye-test by watching the game, they might be inefficient as they put up those big stats. If you always think of all the factors, you will be an awesome bettor.
Use the odds properly
If you want to win more of your bets, you should look at the Dogecoin betting odds so you can thrive with your wagers. The odds are a big tool for bettors but they should not be the only basis that they use to win their bets.
Look into the context behind the numbers because sometimes, those numbers can mislead you. They are accurate based on the past results and statistical data but you should know that some teams love to step up when facing a certain team or player.
When you look into the numbers and why they appear like that, you would know how certain teams play or how some matchups work. If you know this, you will become an improved bettor because you are using the odds as a tool and not as a basis.
Check the news regularly
In sports, you should always be in tune with what’s happening. To do this, you should always be updated with the sports news. This will vary with the sport you’re betting on but you will most likely succeed with your wagers if you have your finger on the pulse. You should be on the lookout for news that will affect your bets. Injuries, player transfers, coaching changes, and interviews are all important to take note of.
If you keep yourself updated, you should be able to make adjustments to your bets because they will most likely change with some big reports. Injuries have played a factor in most sports for the longest time and with the instant news that you can read, you can promptly change your bets. With these reports available on your phone, you will have no trouble changing your wagers and you will likely thrive with those changes.
Claim your Dogecoin bonuses
When you bet on sports, you should know that bonuses will be helpful to your future. You will be successful by capitalising on the bets that you are making on Sportsbet. This will be crucial to your success in the betting world because you are strengthening your bets and chances of getting more rewards.
The Multi Bet Multiplier is arguably the biggest bonus that you can get on Sportsbet.io since you are boosting all your multis up to 20%. That is a huge addition to your possible winnings because you are multiplying them into high amounts. Don’t forget that these bonuses will also be the key to further success with Dogecoin because if you keep the momentum up, you will gain access to more bonuses like the Price Boost.
Sportsbet has many promotions and bonuses all the time and if you use them properly, you will have a solid set of Dogecoin-based rewards in your future.
If you want to continue thriving in your Dogecoin betting, you are on the right track with Sportsbet. This is one of the best crypto-based sports betting platforms on the internet and it has loads of sports that you can choose from. Hopefully, you can use all of the tips and guidance that you learned from this and move forward triumphantly. Good luck and have fun with your Dogecoin bets!
Words: Cholo Martin
The information provided by the blog above on Sportsbet.io is for general information purposes only. All information on the Site is provided in good faith, however, we make no representation, warranty, or guarantee of any kind, express or implied, regarding the accuracy, adequacy, validity, reliability, or completeness of any information or betting tips on the Site.