Roobet is a crypto casino and sportsbook where you can use the same crypto wallet for casino games and sports wagering. All bets and transactions are blockchain payments made seamless on one platform.
This guide will show you how to navigate and use a cryptocurrency sportsbook like Roobet. It starts with the basics of setting up your betting account and topping up your sportsbook balance, then covers how to find sports and place crypto-funded wagers.
What is sports betting with cryptocurrency?
At its core, crypto betting is similar to the traditional online sportsbook experience. Crypto sports betting means using digital currency to place a bet on the outcome of a sporting event. You can use Bitcoin (BTC), Tether (USDT), Ethereum (ETH), or other supported assets to fund your wagering activity.
Your wallet may hold all your cash from deposits and winnings, all ready for withdrawal. The main difference is how you fund the account and how you claim your winnings after a bet settlement. Traditional sportsbooks may use cards or bank payments, while a crypto sportsbook lets you use cryptocurrency.
Blockchain networks mainly handle the movement of crypto into and out of the sportsbook. Each digital asset can use a different network, so the available options, transaction costs, and confirmation times can vary.
How does crypto sports betting work?
Crypto sports betting follows a simple transaction lifecycle. The blockchain mainly handles the movement of your cryptocurrency. The sportsbook handles the actual betting activity, including your selections, stake, odds, and wager settlement.
Here is how the process works:
- Account funding: You send cryptocurrency to the sportsbook using the deposit details provided by the platform.
- Place a wager: Once your account is funded, choose an available sports market and place your bet using your sportsbook balance.
- Wager settlement: After the event ends, the sportsbook settles the bet according to its rules and the result. Winning bets add eligible winnings to your account balance.
- Withdraw funds: Eligible funds can later be sent to an external crypto wallet. You provide a withdrawal address for the selected cryptocurrency and supported network.
This gives you a simple overview of how crypto sports betting works. The sections below explain each part of the process in more detail, starting with sports betting markets and odds.
Sports betting markets and odds explained
Sports betting markets describe the outcomes of a match or tournament that you are betting on. Odds are the numbers next to your betting options, representing your returns on a winning wager. Here’s a deeper look at both and how to read them as you bet:
What are sports betting markets?
A betting market is an outcome or scenario that you can make a bet on. They’re often listed with straightforward names, like match winner, total betting, or a type of penalty specific to that sport. Sometimes, they are also known under different names, like how match winners are sometimes called ‘moneyline’ or ‘1x2’.
The selection of markets varies between sports and competition formats. Here is a selection of the most common ones and what they mean:
- Moneyline/match winner: Bet on the outcome of the match. Depending on the sport, your options may include either side of the competition or a draw.
- Exact score: Also called totals betting, wager on the final score of the event. For example, you could predict a football match will end 2-1.
- Over/under: Bet on whether the total points, goals, rounds, or another measured result will be over or under a number set by the sportsbook.
These markets can be available for upcoming matches and as live betting markets while an event is in progress. Handicap betting can also be offered for many of these markets. It adds points, goals, or other adjustments to one side, and you bet on the outcome after that adjustment.
Proposition bets, also called prop bets, focus on specific events within a match. These can involve players or teams, such as predicting whether a player will score or receive a particular penalty.
Bets on the outcome of a longer competition are called outright markets. The options depend on the competition and its format. Common examples include:
- Outright winner: Bet on which team or player will win the competition.
- Top placers: Bet on whether a team or player will finish above a set position.
- Bottom placers: Bet on whether a team or player will finish below a set position.
How do sports betting odds work?
Sports betting odds are the numbers attached to a selection. They show its implied probability and help determine your potential return based on the stake. Higher odds usually mean a lower implied chance, while lower odds suggest a higher implied chance. Neither is a guarantee of the result.
The odds can also change before or during an event. This is called odds movement, and it can happen as the sportsbook updates its pricing based on new information or how the event develops.
Roobet lets you view the same betting price in several odds formats. These formats do not change the market or the chances of an outcome. They simply present the odds in different ways:
| Odds format | Example | How it is displayed |
| Decimal odds | 2.00 | Shows the total return for each unit staked. Multiply the bet amount by the decimal odds to see your total return. |
| American odds | +100 / -100 | If the odds are positive, then it shows how much you’re winning on a $100 bet. Negative American odds show how much you should bet to win $100. |
| Fractional odds | 1/1 | To calculate your bet, multiply the bet amount to the numerator, then divide by the denominator. It shows your total return. |
| Hong Kong odds | 1.00 | This bet shows your profit in units on a winning bet. You still win your bet back, but it’s assumed as a given. Hence, this format focuses on the profit. |
| Indonesian odds | +1.00 / -1.00 | It is a format similar to American odds, but divided by 100. Positive odds show your winnings in USD if you bet $1. Negative odds show how much you should bet to win $1. |
| Malaysian odds | +1.00 / -1.00 | To calculate your returns, multiply your bet by the positive odds, like with European odds. If it’s negative, use this formula (your bet in negative values ÷ odds). |
For example, a $10 stake at 2.00 decimal odds gives a $20 potential return if the bet wins. This includes your original $10 stake plus $10 in winnings. The same betting price can look different when displayed in another odds format.
How to use crypto for sports betting: Step-by-step
Using crypto for sports betting follows a simple process. The steps below walk you through the Roobet betting workflow, from finding an event to checking the result of your wager:
- Step 1: Fund your Roobet account. Open the Cashier and choose a supported cryptocurrency for your deposit. Follow the instructions to complete the crypto transfer to your Roobet account. Before sending funds, make sure the cryptocurrency and network match the details shown by Roobet.
- Step 2: Choose an event from the sports selection. Open the sports betting page, then browse the listed competitions and events. Click on a match to see its complete selection of markets.
- Step 3: Choose a betting market. Review the available markets for your selected event. These may include match winner, totals, handicaps, player propositions, or other options. Select the market that matches the outcome you want to predict.
- Step 4: Add your selection. Click the odds for your chosen outcome to add it to the Roobet betslip. Check that the selection and current odds are correct before moving on.
- Step 5: Enter your stake. Enter the amount you want to wager in the betslip. Your potential payout will be shown based on your stake and the current odds. Make sure the stake amount is within your intended betting budget.
- Step 6: Review and place your bet. Check your selection, odds, and stake amount one more time. If everything is correct, confirm the wager. Once accepted, the bet becomes part of your active bets and will remain there until the event is settled.
- Step 7: Check the result. After the event ends, Roobet settles the wager according to the applicable market rules. Winning bets are credited to your account balance, while losing bets are deducted according to the wager terms.
Bitcoin sports betting and other cryptocurrencies at Roobet
Roobet also supports several other crypto assets, including stablecoins and alternative cryptocurrencies. All betting processes are the same, so you can switch to any balance as you go. Your winnings will be paid in the currency you used to bet on a given outcome.
Here’s the list of supported crypto in the Roobet sportsbook:
- Bitcoin (BTC)
- Tether (USDT)
- USD Coin (USDC)
- Ethereum (ETH)
- Solana (SOL)
- Sui (SUI)
- BNB
- XRP
- Tron (TRX)
- Litecoin (LTC)
- Dogecoin (DOGE)
Some crypto assets are available through more than one network. This gives you a choice of how the transaction is routed, which can matter when your external wallet or exchange supports several networks. Network activity can also affect confirmation behavior and transaction costs, so the available options may not always perform the same way.
Here are the Roobet assets that currently have multiple network options:
| Crypto asset | Ticker | Available networks |
| Tether | USDT | EthereumTronSolanaBinance Smart Chain |
| USD Coin | USDC | EthereumSolanaBinance Smart Chain BaseArbitrum |
| Ethereum | ETH | EthereumBaseArbitrum |
When choosing a network, make sure it is supported by both Roobet and the wallet or exchange receiving the funds. Selecting a compatible network helps ensure the crypto transfer can be processed correctly.
Network conditions, transaction volume, and available routes can also affect confirmation times and transaction costs. Always check the Roobet Cashier before transferring crypto. Supported assets, networks, and available routes can change, so use the options currently shown for your transaction.
Online crypto sports betting: Live, upcoming and outright betting
The list of events ready for sports betting is divided by schedule. Some are ongoing matches, while others are upcoming scheduled games. You can also bet on the outcome of the tournament rather than its individual matches.
Here’s the distinction between categories:
- Pre-match betting: Place a wager before the sporting event begins. For example, you could back a team to win an upcoming match.
- In-play betting: Bet on a market in an ongoing match, and get paid in every stage of the game. The available live odds can change as the score, time, and action develop.
- Outright betting: Bet on a longer-term result, such as which team will win a tournament or a championship outright market.
The same approach can apply to traditional sports, esports betting, and virtual sports. Event availability and market choices can differ based on the sport, competition, and individual event. Always check the current markets on the sportsbook before placing a wager. Roobet's Sportsbook Policy can also help clarify the rules that apply to specific betting markets.
Roobet sportsbook features for crypto sports betting
Roobet's sportsbook interface includes tools that can make betting navigation easier. These features help you find events, review selections, prepare wagers, and follow active bets. They support the betting experience, but they do not change the odds or guarantee a winning result.
Sports categories
You can place bets on a variety of events on the Roobet sportsbook. These are divided by sports categories for easy navigation. Clicking any of them will show you lists of all ongoing tournaments and events under them.
Betslip
The Betslip compiles your chosen selections before you confirm a wager. You can review the market, odds, and stake amount in one place before placing the bet. This makes it useful for checking your selections and building combo bets. The Betslip is available as part of Roobet's player-centric UI.
Quick bet
Quick Bet lets you place a wager with a single click after selecting an available betting option. It can make the betting process faster when you already know which selection you want. Since there is less time to review the wager, check your settings and selection before using it.
Event builder
Event Builder lets you combine multiple selections from the same event into one bet. This can be useful when you want to build a wager around several outcomes from one match or competition. Review each selection and its odds before confirming the finished bet.
Live match tracker
The Live Match Tracker provides information about events that are already in progress. It can show live statistics, visuals, and other information about the action as it develops. This can help you follow a live betting market without treating the tool as a prediction or guarantee of a winning bet.
Mobile sportsbook
Roobet's sportsbook is optimised for use on mobile browsers, allowing you to browse sports categories, open events, and manage bets from a smaller screen. The mobile sportsbook keeps key betting features accessible without requiring a separate app. This gives you a similar betting workflow across desktop and mobile devices.
Responsible crypto sports betting and account safety
Responsible gambling starts with setting a betting budget and knowing your gambling limits. Use basic bankroll management to keep your stakes within what you can afford, and avoid chasing losses after an unsuccessful bet. Crypto does not change the uncertainty of sports betting or guarantee any outcome.
Roobet offers responsible gambling tools that can help you stay in control. Depending on your account and location, these may include limits, time-outs, and self-exclusion. Use them if you need to take a break or stop betting.
Crypto also requires good wallet security. Check the destination address, select the correct network, and review the transaction details before sending funds. An incorrect network transfer can prevent funds from reaching the intended destination.
Keep your Roobet password and two-factor authentication codes private. Crypto betting does not remove account verification or other requirements that may apply based on your account or location.
Begin crypto sports betting here at Roobet
Learning how to bet on sports with crypto means understanding both the crypto betting journey and the sportsbook fundamentals behind each wager. You need to know how to fund your account, choose a sport and betting market selection, read the odds, set your stake, and check the result.
Before making your first crypto sports bet, remember to check your transaction details and practice responsible wagering. If you’re ready to explore available events and markets, you can visit the Roobet sportsbook.
Frequently Asked Questions
Can I bet on sports with crypto?
Yes. You can use supported cryptocurrencies to fund eligible sports bets on Roobet and other compatible sportsbooks.
How does crypto sports betting work?
You fund your sportsbook account with crypto, choose a market and selection, place your wager, and receive eligible winnings after settlement.
Can I use Bitcoin for sports betting?
Yes. Bitcoin (BTC) is supported by Roobet and can be used for eligible sports betting activity.
What cryptocurrencies does Roobet currently support?
Roobet supports Bitcoin, altcoins, and stablecoins. Some supported assets can be transferred using different networks, so check the Cashier before transferring funds.
How long does a crypto sportsbook deposit take?
Deposit times vary based on the cryptocurrency, network activity, and required blockchain confirmations.
What sports betting markets can I bet on with crypto?
Available markets depend on the sport, competition, and event. Common options include match winner, totals, handicaps, proposition bets, live markets, and outright markets.
