Crypto Basketball Betting

The Best Crypto Decentralized Bookmaker for Basketball Betting

Sports chronicles cannot be complete without the shaft of light that basketball brings into the sporting environment. Apart from the excitement of yesteryear that previous competitions in basketball have brought, the sassy and exhilarating nature of the sport just keeps getting better as the days go by. For bettors who prefer Cryptocurrencies to fiat currency payment systems, a safe and amazing decentralized crypto betting system on basketball and other sports can be enjoyed at Bookmaker.XYZ.

How to Bet on Basketball with Crypto

It is paramount that online sports bettors get down to brass tacks on placing bets using crypto as a tender. Study the thread carefully to be abreast on how to bet on basketball sports events, courtesy Bookmaker.XYZ:

Install & Connect MetaMask

Connect To MetaMask Using Mobile

On your mobile device, engage the MetaMask mobile application;
Locate and engage the Settings menu button;
Choose Browser from the listed options;
Search for bookmaker.XYZ in the search bar;
Select Connect Wallet, then MetaMask;
Select Approve after connecting to bookmaker.XYZ, by the way, if for the first time, will automatically request your consent to add the Gnosis Chain RPC to your wallet;
Connection to bookmaker.XYZ and Gnosis Chain is now successful;

Connect To MetaMask Using Desktop

Make sure you have attained legal betting age, then proceed to visit the bookmaker.XYZ website;
Hit the Connect wallet menu button, followed by the MetaMask option;
This automatically adds and switches to the Gnosis network if no connection has ever been established;
Study carefully and sign the Terms and Conditions, to be bound by it;

Get xDAI on Gnosis Chain

Bookmaker.XYZ is supported by an Azuro Protocol front-end operator. In turn, the Azuro Protocol runs on the Gnosis Chain, whose traditional tender is the xDAI crypto. The Azuro liquidity pools are made up of xDAI, and all placed bets and redeemed bets will be in xDAI. Here are a few ways bettors can obtain xDAI:

Buy xDAI By Fiat Or On A DEX

Bettors can purchase xDAI via the following mediums:

MtPelerin;
Ramp.Network;
AscendEx;

Transfer Of Assets From Other Networks

Using Uniswap, Quickswap, Cowswap, swap tokens available into DAI via DEX;
Using Connext, xDAI Bridge, and Hop Protocol, bettors can bridge DAI to Gnosis Chain;

Choose An Event & Make a Bet

Picking online sports betting events, and placing bets on them is an intrinsic part of this procedure, follow the little-by-little tips to learn more:

Choose your preferred basketball betting event;
Choose your desired market outcome, for example total goals, full-time result, double chance, etc;
Select the possible outcome of the match;
Indicate the quantity on the bet slip;
Complete the process by hitting the Place Bet menu button;

Redeem Winnings From Played Bet

Since bookmaker.XYZ is on-chain, bettors are mandated to redeem their winnings after the events are played. Follow the instructions below for more on redeeming winnings:

On the homepage, hit the Profile icon;
On the drop-down, hit the “My Bets” menu button;
Locate the successful bets from the “Unredeemed Bets”, and engage the “Redeem” menu option;
You will be required to confirm the transaction, to redeem your winnings, when MetaMask opens;

The Most Common Basketball Betting Odds

For Basketball lovers who wish to have a flutter on the Basketball betting lines and market, an informed knowledge of the sports registers is the headmost impression. Luckily enough, a good deal of Basketball betting markets whose odds are alluring exists and, most noticeably, have the pedigree to outrank other betting markets in any bookie's platform. Grab a visual at the thread penned below to have a firm grasp of the most common Basketball betting market.

Two-Way

The two-way market or match winner is a mutually exclusive event where a bettor can only choose an outright winner of a Basketball ball match out of the two engaging teams. In this bet type, a stalemate between both teams is not appreciated and does not count in the bet slip. The odds for this market are spread across both teams, with the strength, history, and recent statistics used to determine which team is considered the favorite.

Race to Points

This is yet another popular betting market in which the punter decides which team will hit a certain number of points first in a Basketball match. Knowing that Basketball is a game of points, this betting market attracts significant traffic on all bookie's platforms. Let's say there's a game between Chicago Red Bull and the New York Nick, a bettor can predict that the NYN will reach 20 points first in their encounter. If this happens, the punter will be smiling at the banks.

Handicap

The handicap betting market is used to create a balanced perspective for two Basketball ball teams when one poses a superior advantage over the other in terms of record, manpower, and statistics in an NBA event. In this scenario, the bookmaker will impede the strength of the stronger team by some deduction. The supposed stronger side must overcome the deficit for the bet to be won.

For instance, a game between the Perth Wildcats and Adelaide 36Ers. If the latter is perceived to be stronger, with no disrespect to Perth WildCats, the operator can decide to attach a heat handicap of say -10.5 to Adelaide 36Ers. Then, Adelaide 36Ers must win the game with a score margin higher than the handicap deduction to win in that prediction.

Winner Margin

In this bet type, a bettor predicts the margin by which one team will emerge victorious over the other. For most bettors, this option is sometimes preferred to outright match winners as a result of the high odds attached to the market.

Over/Under

This market is very popular and common to all sports betting. This allows a bettor to predict the combined points obtained by both teams in a Basketball match. Like the two-way bet system, the over/under market is also mutually exclusive.

For example, in an encounter between the Philadelphia 76ERS and Toronto Raptors, you can bet that the combined score obtained by both teams will not surpass 164. This is indicated on the bookie's platform as under 164.5. If the game ends in a full-time score of say 112-78, then such a game is lost because the total score in this instance is 190.

Popular Basketball Tournaments

Basketball has metamorphosed into one of the world's most popular and widely watched sports. Like Michael Jordan, Basketball players are not only popular, but sometimes ranked at the top spot for the world's richest sportsmen. This height is a reflection of the immense contribution of Basketball tournaments in the world. The thread below highlights major Basketball tournament bettors can take advantage of to bet using Bitcoin (BTC), Ethereum(ETH), Dai, and other available Cryptocurrencies

National Basketball Association (NBA)

The first stone of the tournament was laid in New York on June 6, 1946. The NBA as it is fondly called is a North American professional Basketball league made up of 1 team from Canada and 29 teams from the United States of America. Each team's 82-match encounter is scheduled to run from October to April, with playoffs extended to June of the same year.

Olympic Basketball Tournament

In 1936, Men's Basketball was included in Olympic sports for the first time in the Berlin Olympics. Then in 1976, women's Basketball was included in the Montreal Olympics. Then in recent times, 3x3 Basketball was recognized as an official sport which had its inaugural Olympic feature for both men and women in the 2020 Summer Olympics in Tokyo, Japan.

EuroLeague

The Euroleague is a popular European professional Basketball club competition consisting of 18 teams, out of which 16 are issued long-term licenses and wild cards to make it a semi-closed league. The Turkish Airlines EuroLeague as it is sometimes called for sponsorship reasons was first organized by FIBA in 1958 and by Euroleague Basketball in 2000

Basketball Champions League Americas (BCLA)

This is Pan America's premiere men's Basketball club competition, founded in 2019 to replace FIBA Americas League. The first phase of the competition consists of three teams packed in four different groups, with the top two qualifying for the quarter-finals. The last eight, Semis and the finals are all then settled on by the best of a three-set format.

Stankovic Intercontinental Basketball Champions Cup

The SIBCC also known as FIBA Mini Basketball World Cup is a recognized international basketball tournament held annually by International Basketball Federation (FIBA). The competition's mastermind is Dr. Carl Men Ky Ching the then President of FIBA who launched the competition in honor of Borislav Serbian Stanković the FIBA Secretary General emeritus in honor of his immense contribution to the Basketball community.

NCAA Division I Women's Basketball Tournament

Like other prestigious tournaments, this Basketball tournament organized for women by the body called NCAA, involves 68 college basketball teams cherry-picked from the Division I of the National Collegiate Athletic Association (NCAA). The NCAA appoints a special selection Committee that determines which of the 68 teams to grace the tournament to determine the national championship. The tournament is a single-elimination bout held in the United States of America, USA, each spring.

FAQs

What cryptocurrencies can I bet with on bookmaker.XYZ?

Bookmaker.XYZ is an Azuro Protocol front-end operator. Azuro Protocol is currently running on Gnosis Chain, which uses xDAI as the native token. The Azuro liquidity pools are currently made up of xDAI and all bets are placed, and redeemed, in xDAI. You will need to obtain xDAI to place bets on bookmaker.XYZ

How To Bet on basketball with Ethereum?

Buy ETH & DAI on a CEX (Centralised Exchange) such as Binance, KuCoin, FTX, etc.

Withdraw ETH & DAI to your ETH address. ETH is used for gas and DAI is the token you will be bridging. If you have followed this process, you can jump to the "Bridging DAI on Ethereum to xDAI on Gnosis

How To Bet on basketball With Bitcoins?

Convert Bitcoin to xDAI and BNB on a CEX (Centralised Exchange) like Binance, withdraw xDAI to BSC network, then finally bridge DAI on BSC to xDAI on Gnosis. You can now place bets on your favourite basketball online sports event.

Is it safe to place basketball bets online?

It is safe to say that Azuro Protocol makes the bookmaker.XYZ a secure, trustworthy, and legitimate betting site, as compared to what other conventional bookmakers offer their users. Bookmaker.XYZ is not like the native sportsbook that bets against you, when bets are placed, your money is locked into blockchain smart contracts that have predetermined outcomes. Upon winning a bet, the contract permits a bettor to claim their winnings.

Is it legal to place basketball bets with crypto?

Bettors must know that there are no laws guiding the regulation of crypto being used for online sports betting.