Do I have to Buy a Whole Bitcoin to Bet Online?

Written by:
Aaron Goldstein
Published on:

With the price of Bitcoin hovering around the $8000 mark and online gambling sites pushing both current and prospective customers to deposit funds using the cryptocurrency, many people are reluctant as they mistakenly believe at least one Bitcoin is needed to deposit, or $8000 USD to purchase one Bitcoin.  This simply is not the case.

*50% signup bonus up to $1000
*Litecoin and other popular cryptocurrencies offered
*Special Bitcoin/Crypto bonus offers regularly
*True dime line in Baseball up to -170
*$25 minimum to open account
*Highest credit card acceptance rate
*Accessible all 50 states

Dave Mason of BetOnline took on the topic Tuesday via Twitter as his company is currently offering a 100% bonus by using Bitcoin, DASH, Bitcoin Cash, Ethereum or Litecoin as a funding method.

Mason tweeted:

Important to note and a common question that newbies to crypto get confused about. You dont have to buy a whole bitcoin. If Bitcoin is $8,000 and you spend $800, you get .1 BTC.

Think of it as the ability to use cents on the dollar to fund your betting account, only with Bitcoin, those cents are represented by a few hundred dollars.

Conversion calculations are easy to find on the Net.  Simply type in "Bitcoin Conversion" into Google, enter the currency and amount (i.e. $100 or €100) and you will get a Bitcoin amount similar to this: 0.012.

A word of caution.  You will need to set up a wallet in addition to opening an account at a well regarded exchange.  NEVER send and receive funds directly between the exchange and an online gambling site as this could be in violation of terms of the exchange.

For more on how to deposit and withdraw funds to and from your BetOnline account using Bitcoin go here.

- Aaron Goldstein,

Gambling News

How Do I Start a Sportsbook From Kansas?

Kansas was well represented in the 2023 NCAA Men's College Basketball Tournament once again.  While the Jayhawks entered as a No. 1 seed, it was KSU that advanced the furthest.  Kansas is a hot bed for bookies even though they now have state-regulated sports betting apps.

Can I Start an Online Sportsbook From Kentucky?

Can I Start an Online Sportsbook From Kentucky?

The bookies have had the run of Kentucky, but that will change soon as the commonwealth lawmakers just passed through a bill that will legalize mobile sports betting.  That doesn't mean there still won't be opportunities for the local books.

Start a Sportsbook From My State

Below we list all the different US states and the current sports betting climate.  Every state has some opening for the local bookies, whether it be that state regulated books do not permit those under 21 from wagering (bookies often allow anyone 18 and up) or that betting is prohibited on in-state schools. 

How Do I Start a Sportsbook From Illinois?

How Do I Start a Sportsbook From Illinois?

Illinois is an excellent state in which to be a bookie.  Even though the state now allows for betting on home teams like the Fighting Illini and Wildcats, you'll need to wager in person on those teams at a casino.  Not exactly the most convenient.  The local bookie makes things much easier by placing those team bets online using the pay per head software.