Blockchain technology is reshaping the world of sports betting, infusing it with transparency, decentralization, and an unprecedented user experience. As more bookmakers harness Web3 innovations, traditional betting paradigms are being disrupted by platforms that emphasize smart contracts, enhanced security, and seamless crypto transactions. This digital metamorphosis is not only redefining the betting process but also creating a more inclusive and efficient environment for both seasoned gamblers and newcomers alike.

In this article, we delve into the cutting-edge projects that have emerged as pioneers in the sports blockchain arena. These platforms combine advanced features like instant payouts, minimal personal data registration, and attractive bonus structures with a commitment to decentralization. Together, they are forging a path toward a future where every wager is executed with integrity and every bet contributes to a more dynamic and fair betting ecosystem.

Using Web3 for sports betting

Sports on blockchain is becoming more popular every year and there are more and more bookmakers that are using Web3 technology to accept bets. Cryptobookmakers attract bettors with an abundance of sports bets, high odds, and additional bonuses that traditional BCs do not have. Let us tell you about five of the most interesting projects in the field of sports on blockchain.

Dexsport

Dexsport is a decentralised revolution in crypto sports betting and crash games. The Dexsport bookmaker is markedly different from crypto casinos and bitcoin bookmakers. At Dexsport, you have access to betting on top tournaments in traditional and cyber sports disciplines.

When betting on sports, a smart contract is entered into, which eliminates interference in the calculation of the bet. This is an honest approach in which the bookmaker cannot change the rules of an already accepted bet. If the prediction is correct, the player receives an instant payout as all payments are made from the liquidity pool.

Other pluses of the bookmaker include the absence of registration in its classic sense. A player now does not need to specify personal information, it is enough to enter an email address for communication or authorise via a cryptocurrency wallet. Having connected the wallet to the account, you can instantly place bets from it and receive winnings. Connecting a wallet using WalletConnect provides the highest level of security possible in the blockchain realm. The player connects a wallet that only he controls, and only he can give the task to deposit money to the account or withdraw winnings to the wallet.

New customers are welcomed by bookmaker Dexsport with a deposit bonus on their first three deposits. Players can take away +15% on the first, +20% on the second and +25% on the third deposit. The bonus comes in the form of a free bet, but is limited to a maximum of $100. The welcome bonus does not require complicated wagering. The player only needs to make a parlay of at least three events, the odds of each of them not less than 1.50. In case of a correct prediction, the client will receive the net amount of winnings, the freebet itself burns off.

Example of using the bonus. If you took the maximum bonus of $100, you need to put together a parlay. You can use the minimum limit (3 outcomes with odds of at least 1.50) or you can put together a larger bet, for example, adding 5 events with odds of 2.00. If you choose a five-event spread, the final odds will be 32 (2.0 x 2.0 x 2.0 x 2.0 x 2.0 x 2.0 x 2.0). With a bet of 100, the winnings will be 3200, the game balance will receive 3100, as the amount of the freebet will be deducted from the winnings. Such a bonus new customers can get on the first three deposits.

For regular sports betting, the bookmaker pays cashback, the amount of return depends on the level in the loyalty programme. At Dexsport you can get from 3.5 to 10%. To get the first level in the loyalty programme the turnover of bets should reach 2500 dollars. Bonuses under the loyalty programme do not require wagering.

On the portal, players can place bets in the token DESU, which is owned by the bookmaker. Customers who bought the token participate in choosing the vector of development of the platform, as well as receive additional income from the loyalty programme and growth in the value of the asset.

Let’s highlight the main advantages of the gaming platform:

  • there is no registration with the indication of personal data;
  • there is a welcome bonus for the first three deposits;
  • 3.5-10% cashback is available;
  • high odds;
  • high withdrawal limits;
  • own token, which pays out additional bonuses for betting turnover;
  • fast payouts from the liquidity pool;
  • original crash games.

Dexsport is a unique web3 sports betting provider that offers a large selection of sports, a user-friendly search bar, advanced security features and many other advantages.

Sportbet.one

Sportbet.one is a project operating in sports betting since 2018. Users note decentralised features, user-friendly interface, simple registration form, instant payouts and anonymity.

The project is a combination of sports betting and online casino. Bettors can familiarise themselves with match schedules, cryptocurrency bets, bonus offers by visiting the gaming portal.

Sportbet.one welcomes new clients with a bonus +125% to the deposit amount. The maximum amount of reward is $1,000. To take advantage of the offer, you need to make a deposit of at least $20 in cryptocurrency. The condition for wagering is the turnover of bets with a multiplier x35 of the reward amount.

Sportbet.one supports several cryptocurrencies including SBET, BTC, EOS, USDT, ETH and LTC. Players can also fund their balances in fiat currencies and exchange them for cryptocurrency on the site itself.

The selection of events for betting is at a good level. More than 20 sports are available to players, including football, basketball, hockey, tennis, Dota 2 and others. The portal has more than 1000 slot machines that can be played in cryptocurrency. Titles are presented by reputable manufacturers such as Ezugi, BGaming, Triple Cherry, One Touch, Evolution Gaming, Blueprint, SmartSoft and others.

XBet

XBet is one of the oldest bookmakers that offers a large selection of sports betting in cryptocurrency. The bookmaker has been operating for more than 10 years. It has a good reputation and a lot of positive reviews.

To the main pluses of the portal should be attributed:

  • a wide selection of sports games and gambling entertainment;
  • convenient use of cryptocurrency;
  • generous bonuses and special promotions;
  • the ability to play from a smartphone.

There are some disadvantages. The main ones are limited withdrawal methods, high limits for increasing the status in the loyalty programme.

As a reward for registration, each player receives a deposit bonus of 50% up to $500. To wagering the bonus, you will need to bet on sports 7 times the amount of the reward received. You can opt for a +200% bonus up to $500 for casino play, but in this case the wagering multiplier is x40. The minimum deposit amount to activate the reward is $45.

The bookmaker operates on the basis of a licence issued by the Gambling Control Authority of Curaçao. The administration of the portal checks each registering user with the help of KYC procedure.

The choice of sports events for betting is at a good level. Here you can participate in competitions of different complexity and scale in such sports as American football, basketball, tennis, mini-football, hockey and many others. The bookmaker does not offer a large number of betting options on cyber sports, but the most popular ones are available. You can bet on popular games such as League of Legends, Dota 2, Overwatch, Counter-Strike or Rainbow Six.

Jackbit

Jackbit bookmaker offers a lot of sports competitions, exclusive bonuses and exciting promotions. The project has been operating since 2022. All registered customers can bet on more than 30 sports, as well as play more than 4,000 slot machines. The choice of events on which you can bet cryptocurrency is amazing.

The bookmaker welcomes new customers with a welcome bonus of 100% to the amount of account replenishment. As part of the loyalty programme, all users receive points for bets made. The accumulated points can be exchanged for real funds.

Jackbit operates under the eGaming Curaçao licence, you don’t have to worry about its legality and betting integrity. The online platform uses the latest SSL encryption to securely protect customer data.

Among the main advantages of the bookmaker are:

  • variety of sports line;
  • a variety of markets for betting;
  • welcome bonus;
  • support for a large number of cryptocurrencies;
  • the presence of a loyalty programme for VIP-clients;
  • possibility of token exchange on the bookmaker’s website.

From the minuses we can note the lack of a full-fledged mobile application and the presence of commission when making financial transactions.

The bookmaker is focused on players betting on cryptocurrency, it supports a wide range of tokens for fast payments. There is an option to use traditional payment methods. JackBit Bookmaker supports more than 10 cryptocurrencies for funding your account. You can check out the deposit limits and processing times on the bookmaker’s website.

Mystake

A bookmaker with online casino elements has been operating since 2019. The bookmaker only accepts deposits and bets in leading cryptocurrencies such as Bitcoin, Ethereum, Litecoin and others. Owned and operated by Santeda International B.V., the site is licensed in Curaçao and accepts players from most countries around the world.

The main advantage of the bookmaker is the high anonymity that registered users receive. The bookmaker has a welcome bonus of 100% on the first deposit to the account. Maximum new customers can withdraw up to $500.

The choice of sports competitions is inferior to many BCs, but it has the most popular tournaments in football, hockey, tennis, CS 2, Dota 2, basketball and a number of other disciplines. The bookmaker’s sports line has high odds. This fact is often noted by the clients of the BC. They also highlight the high level of anonymity and not the most generous bonus programme.

How to choose the best site for sports betting

The betting industry in Web3 is actively developing and new projects appear every year. To choose a reliable partner, it is important to pay attention not only to the positive reputation of the project. Below are three important parameters when choosing a betting company.

Licence

When choosing sites with sports betting in cryptocurrency, you need to check the presence of a licence. Most projects operate under permits obtained in offshore zones. Regulatory authorities of Curaçao, Isle of Man, Malta, Gibraltar and Costa Rica are very popular. Some bookmakers obtain local licences, for example, in the UK or European countries. With an offshore licence, the geography of clients is noticeably expanded.

Benefit of betting

The benefit of betting is determined by two main parameters – odds and variety of the line. High places in the rating are given to the offices that offer a rich selection of sports competitions, both traditional and cyber sports disciplines. Not only the variety of disciplines is important, but also the variability of tournaments and the list of matches. The size of the odds determines the margin, which the bookmaker puts in the line. A margin of 2.5-4.5% is considered to be a good indicator.

Bonuses

Bonus programme is an important part of choosing a bookmaker. When studying the office you should pay attention to the rewards for new customers and active users. The presence of a VIP club or payment of additional bonuses due to the functioning of their own token is a plus.

In addition to the three key indicators, one should pay attention to the financial issue. Attention to the choice of deposit and withdrawal methods, the variety of cryptocurrencies, networks. Pay attention to the size of the commission to be paid for the transaction. It will not be superfluous to study the reviews of real users who have previously withdrawn funds. Pay attention to the average waiting time for the transfer. The user agreement may contain a limit on the amount of withdrawal per day, week and month. These points should be clarified before registering on the portal. If the limits are not prescribed in the user agreement, you can contact the bookmaker’s support service with this question.

All other things being equal, the usability of the platform comes first. User-friendliness can include the availability of a mobile application or a large number of language versions. The latter is important as bookmakers have a diverse audience that speaks different languages. The presence of an interface in the user’s native language makes the use of the site more simple and understandable. A bonus will be the possibility to get answers from the support service in the bettor’s language. The mobile application is important for customers who bet from a smartphone. The mobile version of the site is not always convenient. Bookmakers can offer full-fledged or lightweight versions of the mobile application. In terms of functionality, the software is no different from the bookmaker’s website. In it you can bet on sports, play slots, make a deposit or order a payout, if necessary, contact the support team. The bettor can register an account with the BC either on the site from a PC or through a mobile application. The choice of platform is conditioned by personal preferences of clients.

Conclusion

The emergence of Web3 for sports betting signals a transformative leap in the online gambling landscape. By leveraging blockchain’s inherent security and transparency, platforms such as Dexsport, Sportbet.one, XBet, Jackbit, and Mystake are redefining what it means to bet in the digital era. They offer not only a more secure and anonymous betting experience but also innovative bonus systems, faster payouts, and interactive features that traditional bookmakers struggle to match.

As these cryptobookmakers continue to innovate, they pave the way for a future where technology and sports betting merge seamlessly. The shift toward decentralized platforms promises to create an ecosystem marked by fairness and efficiency, ultimately elevating user engagement and trust. With continuous advancements on the horizon, the evolution of Web3 in sports betting is set to transform the industry into one that is as interactive and dynamic as the sports it celebrates.

Answers to frequent questions

What are the advantages of using Web3 tokens for sports betting?

Web3 tokens are the next generation of digital decentralised money, combining smart contacts, blockchain technology and fair royalties and commissions for customers. Some of the main pros of betting on sports at bookmakers with Wed3 include:

1) no government oversight, as Web3 networks are decentralised and any third party cannot track your transactions;
2) opening to a global audience, Web3 sports betting sites are available to more users than traditional BCs;
3) anonymity of payments, provided that the bookmaker supports only cryptocurrency and does not require KYC verification;

Other pluses include lower transfer fees, the possibility of instant payouts from the liquidity pool and more generous bonuses for both new and previously registered customers.

Is Web3 betting legal?

Yes, as long as the Web 3 betting platform is officially licensed and uses secure SSL methods, you can expect complete legality and security.

Are Web3 betting platforms anonymous?

Yes, some Web3 betting sites offer 100% anonymity. They can only use an email address or add a cryptocurrency wallet to register on the portal. Anonymous bookmakers do not assign account verification according to the KYC (Know Your Customer) algorithm.

What are the most popular sports for betting in cryptocurrency?

There is no unambiguous answer to choosing the most popular tournament. The demand for sports betting differs in different regions of the world, but it is possible to highlight the championships that get high positions in most countries of the world. In Europe and Asia there is a good demand for football tournaments such as Champions League, Europa League, EPL, Bundesliga. European bettors bet on ski sports, volleyball, handball and darts. American bettors favour national tournaments in basketball, American football, hockey, baseball. The list of the most popular championships: NBA, NFL, NHL, MLB, MLS.