Why Bitcoin Sportsbooks can't compete with bonuses
Sportsbook Review readers have asked why bitcoin sportsbooks offer practically no worthwhile signup cash or free play bonuses like traditional online sportsbooks.
Bitcoin exclusive websites such as those listed on the bitcoin sportsbooks list shy away from the normal cash and free play bonuses offered by regular sportsbooks due to the fact that they perform essentially no KYC (Know Your Customer) on accounts which opens the door for multiple accounting and bonus fraud.
Even traditional sportsbooks that accept other currencies for deposits normally only promote bonuses through standard deposit methods.
Online sportsbook Heritage Sports (SBR rating A) is one of the only sportsbooks to award a specific bonus on top of bitcoin deposits.
Players who deposit $100+ through bitcoin at Heritage will receive a 20% bonus and up to $500 in bonus cash.
A 10X rollover requirement accompanies the bitcoin deposit. The lesser of the risk/win applies. This means if you deposit $1,000 through bitcoin (3.89 BTC as of this publication), you must place $10K in action before being paid a bitcoin withdrawal. If a betting line is -500 and you wager $1,000, only $500 counts toward the rollover requirement as the lesser amount of the risk/win is used. This ensures that the sportsbook receives action on the bonus promotion.
Players can find a list of 30 online sportsbooks that accept bitcoin -- which includes lowly rated websites, so players beware -- using the sportsbook rating guide.