The crypto betting option is fast becoming a go-to for many gambling enthusiasts. They can now link their digital wallets and wager a fee on many bookmakers, irrespective of location. Inclusive are also offers and bonuses attached to make crypto bettors profit from their virtual assets. However, those can be limited to specific cryptocurrencies.
Even though this is the case, only a few know how betting with crypto works, especially on UFC matchups when you want to use your top UFC predictions. We’ll guide you through what to know subsequently in this article to successfully bet using your digital currency.
How Do You Bet Crypto on UFC?
Betting crypto on one of the most popular MMA events has never been easier. Nevertheless, as a bettor, you need to get it right. To get started, you need to go for a bookie website offering exclusive deposit options via cryptocurrency. But this is not all to know. Below are more highlights you should pay attention to.
- Choose a sports bookmaker and set up an account
The very first thing you need to do is to find a reliable betting website. Such must be credible in that it is authorized, provides hitch-free services, and offers good rewards. Register your details with the site afterward and get acquainted with their terms.
- Make a deposit
Once you’re registered, fund your new account. But remember, you’re working with crypto. Hence, you may need to change the fiat money into a digital currency via your wallet. This can be a private one or that provided by your bookmaker. Either way, you’ll be given a unique address to facilitate your transaction.
Usually, the first payment on a new account comes with specific bonuses. But different offers may include certain wagering requirements.
- Check through the website’s UFC event offers
Now that you’ve put some money in your betting account browse through the website for some juicy games.
There is an array of wagering options tailored generally for the MMA. These include Method of Victory, Open Parlay, Prop Bets, and Parlay Bets, among many others.
- Select a fighter
In this stage, you need to pick a fighter you think will win a bout with the odds in their favor. To be on the right track, you must be familiar with such individuals and be up to date with their performances. Compare their opponents and check out the odds placed on each fighter.
Often, the better fighter is tagged with lesser odds compared to the opponent. But you must be extremely cautious in making your choice regardless.
- Put some price on it
This is another step further, and it requires you to place some money on your chosen fighter. Then you can put your bet through and wait to see the outcome of your prediction.
- Withdraw your earnings
Your fighter’s victory implies your forecast was right. This then makes you eligible for the stake price accompanying your wagering fee.
All you need to do is go to the Payout section and get your reward. Select your preferred payment method, which may include a crypto wallet and other related choices.
Types of Bets You can Wager on UFC
Here are the most popular bets on MMA fights also applicable to the UFC.
- The winner of a specific round.
- The match’s duration. This includes the total number of rounds it would be by the time the fight ends.
- Choosing a winner.
- Predict if a fight will last for the scheduled rounds or not.
- The type of victory. This may be knockout, by points, injury, submission, or disqualification.
Crypto betting and UFC are still in a stage of metamorphosis. However, things are expected to take a gracious turn soon with the rapid technological evolution in the gambling industry. A few online sportsbooks have implemented crypto as a payment and withdrawal option for their customers already. While others are focusing on building a well-suited crypto exchange software model.
Considering the wide array of digital currencies, only a few are presently in use. Examples are Bitcoin, Ethereum, Dogecoin, and Ripple.
