..

How to Use Bitcoin to Bet the Kentucky Derby

Written by:
Guest
Published on:
Apr/09/2018

You can fund your online sports betting account using Bitcoin this Kentucky Derby and withdraw using that cryptocurrency, then convert it into USD, euros, pounds or other money by connecting to your bank account. Make sure to sign up for your Bitcoin.com wallet here.


Bookmaker accepts most crypto-currencies

The online betting site of your choice will have you send them the special address/token obtained from the Bitcoin wallet or exchange.

You would select either SEND (to deposit funds) or RECEIVE (to withdraw funds).

Some exchanges allow one to connect to their bank accounts.  The Bitcoin can be converted into the currency of your choice then transferred into your account in as little as 24 hours.  Note that it is never wise to hold cryptocurrency in an exchange.  One should store cryptocurrencies in a wallet.  You should transfer funds between the wallet and your chosen online sportsbook then move funds into the exchange and finally into your bank account, assuming you don't want to invest the Bitcoin or other cryptocurrencies.  While this adds a little extra time to the process, wallets are considered much more secure than the exchange itself. 

The one drawback is that the price of cryptocurrencies can fluctuate upwards or downwards depending on the trading price of Bitcoin.  You will want to monitor the Gambling911.com website to follow current  pricing trends and avoid making a withdraw during periods in which the price is trending downwards. 

Bookmaker, by the way, offers up to 60 different cryptocurrencies to use for betting purposes.

- Gilbert Horowitz, Gambling911.com

Horse Racing News

A Quick Guide to Betting on Horse Racing

A Quick Guide to Betting on Horse Racing

If you are new to betting on horse racing, you need to know the basics before you start wagering. So, stop horsing around and check out the following quick guide. By learning about different bet types and developing strategies, you can begin winning on horse racing sooner.

Belmont, Churchill Down Betting: 2021 Locust Grove Stakes, Jockey Club Oaks and Derby

Belmont, Churchill Down Betting: 2021 Locust Grove Stakes, Jockey Club Oaks and Derby

Belmont features three fascinating affairs with the Jockey Club Oaks and Derby both attracting a Godolphin runner from the UK with Creative Flair lining up in the Oaks and Yibir in the Derby.

France Go de Ina Payout Odds to Win the Belmont Stakes

France Go de Ina Payout Odds to Win the Belmont Stakes

Japan's entry France Go de Ina would offer a payout potential of $300 on every $10 bet with a win at the Belmont Stakes. 

Overtook Payout Odds to Win the Belmont Stakes

Overtook Payout Odds to Win the Belmont Stakes

Overtook would offer a payout potential of $200 on every $10 bet with a win at the Belmont Stakes. 

Rock Your World Payout Odds to Win the Belmont Stakes

Rock Your World Payout Odds to Win the Belmont Stakes

Rock Your World would offer a payout potential of $90 on every $20 bet with a win at the Belmont Stakes. 

Syndicate