Can I Bet Sports Online With Just a Valid Email?

Written by:
Aaron Goldstein
Published on:

More and more online sportsbooks are moving to the anonymous wagering model.  Sites like Nitrobetting only require a valid email to open an account and to get paid.


Anonymous Funding

Of course, no company in its right mind will allow you to play on credit if they don't know your true identity.  You will need to fund your account, but it is not necessary to provide any banking information to the sportsbook.

Instead, you will open a Bitcoin wallet and provide the site with an address/token.  That address will move your funds (in the form of Bitcoin) to the gambling site via the blockchain.  This is instant.  Believe it or not, it's actually considered safer than a bank wire.

Once you are ready to get paid, you'll provide the gambling website with an address obtained from the wallet and your funds will be sent in the form of Bitcoin.

Bitcoin is exchanged to your preferred currency, including USD, CAD and the euro.  As of this writing, a single Bitcoin was worth $20,000.  Unless you anticipating opening your sports betting account with $20,000, you'll be funding a piece of Bitcoin (like cents on the dollar).  YES, YOU CAN OPEN AN ONLINE BETTING ACCOUNT WITH JUST US$100 USING BITCOIN.  This would translate into 0.0050 BTC.

We want to really stress this point.  Rarely will you ever be betting the full price of Bitcoin.  You are only betting a piece of a Bitcoin.  Think of it like betting 12 cents on the dollar.

Benefits of an Anonymous Betting Account

It goes without saying, your personal info is not submitted and therefore you won't have to worry about said information getting stolen.

Likewise, the online gambling website cannot report your winnings.  That is at your own discretion.  Obviously, you will want to pay your taxes.  But when a company reports your taxes, that information goes into the public domain.  Think divorces, law suits, et.... Betting with Bitcoin keeps your info safe.

Frankie Knuckles also doesn't have your home address in case you happen to be beating Nitrobetting really good.

The need for privacy has become a major issue these days.  Anonymous betting accounts adhere to strict privacy rules.

But Can My Money Get Lost?

No.  Because you will check your Bitcoin (BTC) address provided by the wallet.  As long that address is correct (any wrong number or missing number will likely not go through).  If you copy and paste, simply check the first and last two or three numbers (a middle number won't just vanish).  Once funds are transferred you can check on the status of your BTC.  Typically there will be three confirmations that take place and require around 45 minutes, but you can monitor the process on the blockchain by pasting the address into a site like Blockchain.com.

Do I Need a Separate Bitcoin Wallet Outside the Exchange?

Yes and No.  Yes, if you want anonymity.  Using an exchange's Bitcoin address, they can determine where the money is coming and going.  For added security you will want a separate wallet.  While one may at first view this as an extra "unncessary" step, it is not.  The Bitcoin wallet will appear on your phone and when it shows up in the exchange, the address could have been sent from a toy store as far as anyone can tell. 

Let's cut right to the chase.  Exchanges do not want to be used as a go-between with the banks and an online sportsbook.  The wallet should be the intermediary.  The wallet creator does not have access to funds inside it, so no worries there.  Gambling911.com recommends Bitcoin.com as an excellent wallet to upload to your phone.  It is available via the Apple Store and Google Play.

- Aaron Goldstein, Gambling911.com

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