Best Litecoin Sports Betting Sites You Need to Know About in 2023
If you’re looking for a way to bet on sports using Litecoin, you’ve come to the right place.
In this article, we’ll introduce you to the world of Litecoin sports betting, unpack the best Litecoin sportsbooks, and show you how to get started.
So, grab your coffee or tea, get comfy, and read on!
Review Process
Before we dive in and reveal the best Litecoin sports betting sites, we want to give you an overview of how we evaluate each sportsbook.
Let’s have a look:
- First, we create an anonymous account with Litecoin sportsbook.
- Next, we deposit some LTC and place bets on different sports games and teams. We test out different betting markets and check how user-friendly the overall experience is.
- If we win, we try out the withdrawal process. Is it speedy? Are there any fees? Those are the questions we try to answer.
- To better understand all the legal stuff, we read the small print in TOC and the Privacy Policy. Do they have any specific betting requirements? What do the KYC and AML policies look like? Do they have geo-restrictions?
- Finally, we check what kind of customer support options the sportsbook provides. If they have a live chat option, we test it out.
We strive to provide you with the most accurate and unbiased data possible, and following the above process helps us do so.
But now, let’s get the ball rolling and start our Litecoin sports betting journey!
Best Litecoin Sport Betting Sites in 2023
Stake – Our Top Litecoin Sportsbook
Stake sportsbook provides a great experience for any avid bettor. With over 100,000 bets placed daily, there’s something to suit everyone.
From soccer and basketball betting to MMA and racing, there are over 30 sports with plenty of options for placing wagers on your favorite teams and leagues.
Although they do not offer a welcome bonus, Stake does have various ongoing promotions for different sports events that you can take advantage of.
Plus, unique VIP perks when you reach the higher tiers of membership.
Welcome Bonus | Sports Games | eSports | License |
No | 30+ | 6+ | Curacao |
Pros:
✔️ Great promotions: NBA, NFL, or NHL? You name it, and they will have a promotion for that
✔️ Active community: you can interact with other members in the Stake forum and keep an eye on promos
✔️ Provably fair: they hold a verified license from the Crypto Gambling Foundation
✔️ Bet builder: Stake allows you to select different bets within the same game
✔️ Reliable customer service: live chat, FAQ, blog, social media
Cons:
❌ No welcome bonus: but they compensate for it with great promos and a VIP program
❌ Not fully anonymous: during registration, you have to provide your name, address, and occupation
BC.Game – Generous Bonuses
But they didn’t rest on their laurels there.
BC.Game got even more ambitious when they introduced a top-notch sportsbook in 2022, with over 40 sports games available for wagers worldwide.
Welcome Bonus | Sports Games | eSports | License |
Up to 1 BCD | 40+ | 10+ | Curacao |
Pros:
✔️ Provably fair: a verified operator of the Crypto Gambling Foundation
✔️ 50+ available cryptos: including NFTs
✔️ Secure: 2FA and SSL encryption
✔️ Anonymous: register with just an email address
✔️ Competitive odds for major sports events
✔️ Various betting markets: money line, spread, handicaps, props
Cons:
❌ No bet builder: a great feature that is used by other competing sportsbooks
Cloudbet – Great for eSports Betting
Cloudbet has been around since 2013, making them one of the oldest and most established crypto casinos and sportsbooks.
They also know how to welcome users with their huge 5 BTC sign-up bonus – enough to grab anyone’s attention!
Another thing we really like about Cloudbet is their vast number of eSports games.
If most Litecoin sports betting sites offer up to five games, then Cloudbet has an impressive selection of more than 15 eSports games.
From Dota 2 and CS:GO to FIFA and Call of Duty – you name it, they have it!
Welcome Bonus | Sports Games | eSports | License |
Up to 5 BTC | 30+ | 15+ | Curacao |
Pros:
✔️ Anonymous: you don’t have to provide any personal information during the registration
✔️ Promotes responsible gambling: they have a partnership with BeGambleAware
✔️ Various betting markets and sports: 30+ sports games are available, including major professional sports events such as NBA, NFL, and FIFA
✔️ Amazing VIP program: every new membership tier comes with outstanding awards, including Rolex and Lambos
✔️ On-site crypto exchange: you can buy Litecoin directly from Cloudbet’s platform
✔️ Secure: comes with 2FA and SSL encryption
Cons:
❌ No welcome bonus: applies only to casino games
❌ Live chat: sadly their live support is a bit inconsistent
Why Bet With Litecoin?
Former Google engineer Charlie Lee created Litecoin in 2011 as a decentralized, peer-to-peer cryptocurrency.
Casinos Blockchain
Litecoin is one of the OG altcoins created in 2011
Like many other cryptos, it operates without the need for a central authority like a government or bank; and transactions are managed by the nodes within its blockchain.
A fun fact about Litecoin is that it was also one of the OG altcoins created and the second-oldest crypto after Bitcoin. Since then, it has grown into a powerful financial force, with a current market cap of almost 7 billion USD!
But what makes Litecoin unique?
Litecoin’s main draw is its quicker transaction speeds and the ability to process more transactions at lower fees than its predecessors.
Plus, it has proven popular with those looking to use digital currencies as a payment rather than just an investment.
Litecoin vs. Bitcoin
Have you heard the saying that Litecoin is the silver to Bitcoin’s gold and wondered what exactly it means?
This saying comes from the developers of Litecoin. They aimed to produce a practical, lighter (hence the name LITEcoin) version of Bitcoin with technical similarities but with faster transaction time and lower fees.
In simple words, they wanted to create a more accessible and user-friendly Bitcoin without changing many technical aspects.
Let’s have a look at some of the key specs:
Cryptocurrency | Litecoin | Bitcoin |
Timestamping scheme | Proof-of-Work | Proof-of-Work |
Algorithm | Scrypt | SHA-256 |
Transaction speed | 54 TPS | 7 TPS |
Current market cap | 7 billion USD | 448 billion USD |
Average transaction fee | 0.04 USD | 7.60 USD |
Current value in USD per 1 coin | 96 USD | 22K USD |
So, should you choose Litecoin over Bitcoin sports betting?
The answer is yes if you prefer:
- Faster transactions speeds
- Lower fees
- Access to more coins with less value
Is Litecoin Sports Betting Legal?
The legal landscape surrounding Litecoin sports betting varies based on country and region, but broadly speaking, it is typically considered legal in most places.
Although it is perfectly legal to participate in Litecoin sports betting in some areas and unregulated jurisdictions, others may treat it as illegal and impose strict regulations.
Casinos Blockchain
Check country-specific gambling laws before you start with Litecoin sports betting
So, whatever the case may be, it’s best to research the specific laws in your area before engaging in any form of Litecoin sports betting.
Doing so could save you from potential trouble down the line.
How to Choose the Best Litecoin Betting Site?
Finding a Litecoin betting site that’s right for you is not easy. With so many options, how do you know which is the best?
Here are a few things to look for when choosing a Litecoin betting site:
Betting Markets and Odds
Two of the most important factors are the betting markets and competitive odds.
Betting markets are simply the range of available bets on a particular event. The more available markets, the more chances you have to find a bet that suits your needs.
So it’s important to choose a bookmaker with a good selection of betting types.
The other factor to consider is the odds. This is where bookmakers compete against each other to offer the best possible price on a given bet.
So it’s worth shopping around to see who’s offering the best value odds on whatever event you’re betting on.
Our top 3 crypto bookies all offer competitive odds and various betting markets:
Bonuses and Promotions
When considering a Litecoin sportsbook, bonuses and promotions are one of the biggest selling points. After all, who doesn’t love a generous welcome bonus for signing up or a unique loyalty program for sticking around?
For example, Stake has various promotions for ongoing sports events like MLB, UFC, and also for eSports betting.
BC.Game, on the other hand, has a great welcome bonus offer of up to 1 BCD that you can take advantage of and later exchange to Litecoins on their on-site exchange app:
And last but not least, Cloudbet really shines with its VIP program and Marketplace, offering luxurious awards like Rolex and Lamborghini.
Customer Support
You should always have access to reliable customer service so you can ask questions and have any potential issues solved in a timely and professional manner.
So, it’s good to take into consideration which kind of support options the Litecoin sportsbook offers.
Do they have 24/7 live chat? Are they replying promptly? Are they knowledgeable?
Also, it’s always a good sign if a sports betting site has a community forum and blog where you can find fixes to your issues.
The bottom line: no matter how great the sportsbook looks on paper, having helpful customer support could make all the difference!
Privacy
Privacy is a massive benefit of wagering with any crypto sports betting site, including Litecoin.
With crypto sportsbooks, you don’t have to provide much information when registering, depositing, and withdrawing money, which is often the case with traditional bookmakers.
But one thing to remember is that reputable sportsbooks are under KYC and AML policies. This means they have a right to ask you to verify yourself when they suspect sketchy activity associated with your account.
Payments
When it comes to Litecoin sports betting, checking the payments is just as important as any other factor. You want to ensure there are no hidden costs and that the minimum and maximum deposit and withdrawal limits are reasonable.
So, we recommend reading the sportsbook’s TOC and checking their minimum/maximum deposit and withdrawal limits. It’s also worth finding out if there are any fees involved.
Sports Selection
The best sites offer many options, from classics like football and basketball to other sports such as darts, rugby, and even eSports games.
Why is it good to have a variety of sports to choose from?
There are many reasons.
First, it allows you to bet on the sport you are most familiar with. This gives you a better chance of winning.
Second, it allows you to diversify your betting portfolio. By wagering on different sports, you can mitigate losses in case one sport doesn’t perform well.
And finally, it simply makes the whole experience more fun.
How to Get Started With Litecoin Sports Betting?
Now that you’ve learned what makes a great Litecoin sports betting site and the key things to consider when picking one, you’re probably eager to take the plunge and try crypto wagering yourself!
Well, the good news is that it’s actually super easy. Have a look at how to get started with Litecoin sports betting:
- Set up your wallet. When choosing your crypto wallet, we suggest focusing on usability, security, and compatibility with other cryptos. For example, Exodus and Litewallet are good options for storing your LTC.
- Buy some LTC. Once you have your wallet set up, the next step would be to exchange some cash for Litecoin tokens. There are several crypto exchange places where you can do that, like Binance and Kraken.
- Transfer LTC to your wallet. Okay. So, now that you exchanged some LTC, you need to transfer it to your wallet. How? Copy the address of your Litecoin wallet and paste it into the “Send” field of the exchange.
- Sign up at a Litecoin sports betting site. Next up, find your perfect Litecoin sports betting site and register an account.
Pro tip: you can also sign up with several crypto sportsbooks. This might give you an edge in getting the best odds and betting lines. - Deposit and start betting. And now, the exciting part! Make a deposit (remember to take advantage of sign-up bonuses), find your favorite sports or team, and start betting!
Good luck!
Pros and Cons: Litecoin Sports Betting
Everyone loves a good bet, and the world of Litecoin sports betting offers plenty of opportunities!
Before starting, however, it’s essential to understand both the advantages and drawbacks of wagering with this cryptocurrency.
So, gather your wits and take a look as we dive into the pros and cons of Litecoin sports betting:
The Advantages
✔️ Fast Transaction Speed
All transactions on the network are typically confirmed within just minutes, with a transaction speed of up to 54 TPS and taking under 2.5 minutes on average.
This makes Litecoin an ideal choice for quick payments and transfers.
✔️ Low Transaction Cost
Litecoin is an excellent choice for those looking to transfer money online without breaking the bank.
Not only is their value relatively stable, but their transaction fees are incredibly low. On average, they’re around 0.0070 USD per transaction.
✔️ Reliable PoW Network
Betting on sports with Litecoin is a reliable option due to its PoW consensus system, which works to protect the network.
The hashing algorithm used by the Litecoin network, Scrypt, is also different and created to provide additional security.
This means that those who choose Litecoin for their sports betting needs can have peace of mind knowing that their funds are safe and secure.
✔️ Privacy
What do wizards and Litecoin have in common?
Well, with the implementation of MimbleWimble on the Litecoin network in 2022 – quite a lot!
Named after the famous tongue-tying spell in Harry Potter, MimbleWimble focuses on just one thing: privacy.
Unlike Bitcoin and other cryptos, in which sending and receiving the sender’s address, crypto amount, and address might be revealed, MimbleWimble ensures that your transactions remain entirely anonymous.
The Disadvantages
❌ Not as Popular as Other Bigger Coins
When it comes to sports betting with crypto, Litecoin is like a middle child. Sure, it’s there, but it always seems to take the back seat to other more popular coins, such as Bitcoin, Ethereum, and Dogecoin betting.
But don’t get us wrong – Litecoin can definitely hold its own – fast processing times and low fees are big bonuses – yet many sportsbooks might not simply have them on the list among other cryptos.
❌ Volatility
Litecoin can be a pretty wild ride, with its prices being quite erratic. One minute it’s up, and then suddenly, it’s down.
Volatility isn’t just limited to Litecoin, of course, since the cryptocurrency markets are wildly unpredictable.
So, the bottom line is to ensure you are willing to take the risks that the volatility adds to crypto sports betting.
Conclusion
For those looking to take their sports betting up a notch, Litecoin sports betting is a perfect choice!
Not only does it offer a wide range of sports markets and attractive bonuses, but you can also place your wagers more securely and quickly than ever before.
So check out our best Litecoin sports betting sites, and start wagering!