by Harry Fordyce on October 20, 2021

What is a Sports Betting Bitcoin Faucet?

The rapid growth in the popularity of various cryptocurrencies, primarily bitcoin, has led to the emergence of new mechanisms for their receipt. This also applies to crypto sports betting. One of them is called sports betting Bitcoin Faucet. This is available on various bookmakers’ websites. For entering such sites and staying on them for a certain time, the visitor receives satoshi – a small part of bitcoin, which is a kind of analogue of cents of the most famous cryptocurrency. However, in order to redeem a faucet, you need to register on the website, in order to use it for betting. In this article we will talk more about betting Bitcoin faucets and what are the types of faucets you can claim on crypto bookmakers’ sites.

What is a Bitcoin Faucet in Simple Words?

The term Bitcoin faucet appeared relatively recently. It denotes a specialized site that makes money from advertising. Obviously, the income of such Internet resources directly depends on the number of visitors. In order to increase their number, Sports betting Bitcoin faucets provide new visitors with the opportunity to receive cryptocurrency. In this case, we are talking about several satoshis, the smallest possible unit of the virtual currency bitcoin (1 satoshi = 0.00000001 bitcoin).

Currently, a fairly large number of Bitcoin faucets are in operation and new ones appear almost every day. Naturally, the high level of competition leads to the fact that such Internet resources are forced to offer more and more favorable conditions in order to interest visitors to visit their site. Therefore, today, after spending a certain amount of time, it is quite possible to earn a fairly noticeable amount in cryptocurrency with the help of Bitcoin faucets.

How do Faucets Work?

The operating principle of the Bitcoin faucet is quite simple. Site owners place advertisements on it in the form of banners, videos or other similar tools. Visitors to the Internet resource follow the links or watch videos, as a result of which the advertisement reaches its goal. The concept however is different for a sports betting Bitcoin faucet. The owners of the Bitcoin faucet pay for this. There are other options for actions that can be performed by people who visit the site and want to earn satoshi.

What it has to do With Betting?

Of course, readers will be interested to find out what it has to do with Bitcoin sports betting. To explain things more simply we can think of Bitcoin faucets as a no deposit bonus. After signing up on the website, the bookmaker will award you several satoshis that you can use for betting. Keep in mind that the number of such bookmakers is low and not every BTC betting site is so generous towards customers. With satoshis granted on your balance, you can freely use it for betting.

The Forms of Sports Betting Bitcoin Faucets

We have already noted that there are significant similarities between ordinary bonuses and Bitcoin-oriented ones, as the principle of claiming these bonuses is pretty much the same. Here we can note some of the most common forms of crypto betting faucets on various websites.

Free Bet

A free bet is money that can be exclusively used for betting. When a particular bookmaker gives a player satoshis in the form of a free bet, you need to include sports events in your betslip. Normally free bet has wagering requirements. For example, all selections in your betslip should have the minimum odds of 1.5 or higher and at least 3 matches need to be included. Furthermore, winnings from free bet might require additional rollover as well to make the money withdrawable.

No Deposit Bonus

No deposit bonuses are a rare occurrence in betting sites, but still, you can claim no deposit bonuses by looking for them extensively. Sports betting Bitcoin faucet in the form of a no deposit bonus is the same. After you receive a small number of satoshis you can gamble them in online casino games or place a betslip. Generally, there are no restrictions on Bitcoin betting faucets, but you should consider the wagering requirements in advance that are available in the terms and conditions.

Criteria of Choosing the Best Faucets

Each person who wants to earn cryptocurrency using Bitcoin sports betting faucets determines their own priorities when choosing the appropriate sites. It depends on the amount of free time, the interests of the visitor, as well as the capabilities of his computer. The variety of options presented on the bookmakers’ sites will allow you to find the most suitable option for earning money without any problems.

Why Do Crypto Bookmakers Offer Bitcoin Faucets?

There are many reasons why Bitcoin betting sites might offer their customers a sports betting Bitcoin faucet without depositing any amount of money. First of all, the given money is so small that it hardly affects the overall budget and finances of a bookmaker. Secondly, it is a way to attract more clients to the website. Decent bonuses ensure that there are more players visiting the bookmaker and use the provided services. Furthermore, considering Bitcoin’s volatility it could lose value immediately and even if you are given a small amount of satoshis, in fiat currencies it could devalue notably after some period of time. In short, Bitcoin faucets are really worth a try because you are not risking anything and the crypto sportsbook gives you a present for nothing. However, you should bear in mind that finding such bookmakers might be difficult.

Nuances and Possible Difficulties

Sports betting Bitcoin faucets provide a good opportunity to earn more Bitcoin by gambling the funds in different activies. However, it should be borne in mind that the cryptocurrency circulation market is largely informal and legally undeveloped. As a result, there are frequent cases of fraud and elementary deception, which can only be protected in one way – to work with trusted betting and comply with the security measures provided by them. Crypto bookmakers might frequently offer you an opportunity to claim faucets and use them for gambling but once again, you should be alert and check the conditions first, before going for the bonus.

By Harry Fordyce

Harry Fordyce

Harry is a relentless sports fan and the site’s legal expert as far as sportsbooks go. He has a tremendous amount of experience in sales. His background in sales comes very handy while working in the Crypto Betting team. Over the course of 7 years of working for different crypto bookies and casinos, he has gained vast knowledge of crypto wagering. Due to his abilities, Harry has an eye for detail and can identify legitimate bookies very easily. All of our featured sportsbooks go through a security check with him first before we start to write about them, he’s also a terrific editor.

More content by Harry Fordyce

Comments (0 comment(s))