Best EOS Betting Sites

The EOS network boasts unbelievable speeds and virtually non-existent fees. These features make EOS gambling a very enticing option. Unfortunately, over the last few years, the project has fallen out of the spotlight. This led many brands to remove it from their cashier.

Therefore you need to do extra research to find which EOS sportsbook to select. Fear not, as we have gathered all the information you will need to know to stay ahead of the competition and useful simple steps you can follow. There is value to be unlocked here, so let’s dive into the reasons why and how to approach EOS betting sites.

Which Are The Top EOS Gambling Sites

It is a fact that EOS is an option you will not find easily in gambling. We put together the most reliable websites based on the available bets in most markets, ease of use, favorable bonus wagering, and top-notch customer support. 

by Rating

by Players

by Odds

by Bonus

by Sport

by Region

New Bookies

Best Crypto

Best Bookies

Crypto Bookmakers

Βitcoin

Ethereum

Litecoin

Dogecoin

Tether

Bitcoin Cash

Cardano

Dash

EOS

Monero

Ripple

Stellar

Tron

USD Coin

Zcash

What makes EOS Gambling unique

EOS is a special kind of crypto breed. Contrary to Bitcoin, it aims to build a diverse ecosystem of applications in a fair, sustainable and inclusive way. To be more precise, EOS was conceived to tackle many of Bitcoin’s inefficiencies, such as slow speed, increased fees, and a lack of applications built upon BTC’s infrastructure. The existence of smart contracts is much more in line with Ethereum’s vision, but with scalability applied from the get-go. 

Strengths in EOS gambling

There are a lot of reasons that EOS gambling feels like a good choice. From incredible speed to non-existent fees, increased privacy, and many decentralized gambling applications. Let’s explore some of the basic ones below.

✔ Good privacy

EOS takes advantage of the fundamental nature of cryptocurrencies and offers transactions that can stay fully anonymous. This is true unless you link your personal information with your EOS address -either by accident or because you're asked for verification during a withdrawal.

✔ Among the fastest transactions around

Hands down, EOS has some of the fastest transaction speeds available. This will be very useful for Live Betting or a need for a speedy withdrawal. Just remember that some bookies may perform them manually in case of the latter, so you might still wait for a day. Still, this is a high-speed service, especially compared to other crypto options, such as Monero betting.

✔ No fees

One of the novelties of the EOS network is that it requires almost no fees for each transaction. It sounds too good to be true, but we assure you it is. Besides the fact that sometimes bookies absorb the fees anyway, with EOS gambling, you will never pay more than a fraction of a cent for your deposits and withdrawals. It doesn’t get any cheaper than that.

✔ Secure Transactions

You will never need to worry about your transactions falling through or getting disputed. Like most cryptocurrencies, EOS utilizes a blockchain, a digital ledger with copies on computers worldwide, which is impossible to falsify or hack.

The best part is that all transactions on that ledger are publicly available. So the next time your bookie claims they have not received your deposit, you can turn on-chain and provide indisputable proof.

✔ Very promising use case

The EOS network promised to change the landscape of crypto gambling as we know it. With the endgame being an open-source, accessible to anyone network that provides the tool for anyone with any level of knowledge to build on it, the possibilities are endless. So is the path to greater adoption by bookmakers that accept EOS.

✔ Under the radar betting paradise (in dApps)

Suppose your goal is to enjoy your gambling without anyone ever knowing about it, regardless of the country you are located in. In that case, you can finally use decentralized gambling applications. There, you can deposit and play with no need to provide any personal information, whether during your deposit or your withdrawal, which is always instant. The above is impossible even in the most accessible but centralized EOS sportsbook. It's a fascinating option to have.

Weaknesses of EOS gambling

Of course, not everything regarding EOS gambling is rosy. There are certain disadvantages to consider before deciding to use it. It is best to consider both upsides and downsides before making your decision. See below the negative aspects of using EOS for gambling.

❌ Very scarce option

EOS may very well be one of the rarest options to fund your bankroll. Not only has it fallen out of the light as a project, but there are very few bookies offering it. Hopefully, this will change. But your options are minimal for now. It’s entirely possible you will not find all the betting options you want, such as special bets, exquisite markets, and competitive odds. So, for now, you in a seller's market situation.

❌ Possible Regulation

A constant consideration when it comes to crypto is possible future regulation. Because cryptocurrencies are so new as a betting option and asset in general, authorities have not yet decided how to tackle them. Of course, EOS's decentralised aspect offers some hope, but you can never know how and when a government may crack down only on crypto with unbearable regulations.

❌ Volatility in price

As with every new market, cryptocurrencies are famous for their volatility in price. EOS, for example, rose four times its value during its first year, then fell even more than that. It continued with lukewarm price action for the next couple of years until it rose again. Imagine how that feels for your bankroll if it is in EOS.

❌ No working product yet

Regarding empty promises, EOS is very high on that list. Despite raising more than 4 billion in initial investment from the public in 2018, it still has no fully working product. Time will tell if the developers deliver or go down in history as a costly failed project. To avoid any setbacks regarding functionality, you can check some more well-established options like Ethereum bookmakers.

❌ Irreversible Transactions

Since one of the defining aspects of all cryptocurrencies is the lack of intermediaries, you must be very careful with any transactions. That is because you will lose them forever if you make a mistake or send your funds to the wrong person or address. Transactions in crypto are irreversible, so there is no margin for mistakes or any authority to claim misplaced or stolen funds.

❌ Withdrawal Limitations

Even though cryptocurrencies allow unrestricted money transfers, this is not always possible with betting sites. When it comes to withdrawal, bookies often impose manual, daily and weekly limitations to the amounts you can withdraw. This is something to consider, especially in case of a large win. Always read the withdrawals’ fine print.

❌ Gambling Dapps are scam-infested

We briefly discussed decentralized gambling applications and how you can use EOS for under-the-radar betting. The catch is that the vast majority of those applications are scams, and they will steal your money if you do not do your due diligence before using them. If you are concerned about being scammed, we suggest you look for an XLM gambling site, as Stellar is not completely decentralised. 

❌ Above-average difficulty

You need to have certain knowledge and expertise when dealing with cryptocurrencies to overcome it. Unfortunately, there is a rather steep learning curve. This is especially true with EOS because of the peculiar way its network requires you to execute your transactions.

Are EOS betting sites safe

Yes, EOS gambling sites are safe, but you need to be careful. One good habit to practice is to always play with trusted bookies. Look for the best crypto bookmakers with a license. They should offer good bonuses and provide many bets in the market you wish to play.

Last but not least, they must utilize responsive customer service (chat and email). Nonetheless, most of them offer basic options like Moneyline, WDW and parlay. Next, of course, laws and taxes must be considered.

☝ Legislation around EOS gambling

Gambling laws are a bit vague, but depending on your age and the place where you reside, you will most likely have some options. Keep in mind that a trusted bookie will usually want to avoid breaking the law.  In general, if the bookie is accessible to your country and holds an offshore license, you will be good to go.

☝ Do I pay taxes using an EOS Sportsbook

For the time being, you are safe if you approach it as any potential taxation coming from gambling winnings. In most cases, unless you realize profits by exchanging crypto for fiat, you are not taxed. When in doubt, always consult a professional.

EOS Sports Betting: Step-by-Step

We know how hard it is to get your footing right initially. That is why we did some of the required work and gathered all the essential information you need to start EOS gambling in no time.

Remember, it is not rocket science, and this process is more straightforward than you think. You need to follow some basic steps correctly each time. In a short time and with practice, you will master the basics of EOS sportsbooks.

What is EOS.io

EOS is the native token of the EOS.io blockchain protocol. This smart contract platform aims to eliminate fees and allow processing a million transactions per second. EOS was founded in 2017 by a well-known Bitcoin investor, Dan Larimer.

Larimer founded a couple of other successful projects before EOS. He is also the author of the very promising algorithm called delegated proof of stake, which is considered a breakthrough and a more democratic approach for blockchains to achieve consensus. That way, no one can falsify or dispute its records.

The EOS coin was released during the 2017-2018 Initial Coin Offering (ICO) craze when people paid ridiculous amounts of money to invest early in hot projects. EOS has received some understandable criticism about the possibly unnecessary size of the ICO. The amount of money it sought to gather and the year it took to do so was considered overkill. 

EOS and Decentralized Gambling Applications

With crypto, there is a whole new universe of next-generation applications. In new ecosystem coins, such as EOS and TRX when launched, gambling and gaming are at the core of all applications. These are called gambling dApps: Anonymous and autonomous.

These dApps operate through a smart contract and do not need operators or manual processing and management. This lack of operators eliminates the need for a margin, which could translate to better bonuses and perks for the players. It is also the true El Dorado of under-the-radar betting, and it is becoming increasingly widespread.

Buying and Depositing at EOS gambling sites

Since EOS is a very well-known coin, you should not have to acquire it in much trouble. Nevertheless, you must use good and trusted exchanges to ensure you will get your money’s worth. Some of the exchanges we would recommend are Binance, Coinbase, and Kraken. Then, follow the steps below:

• 1
  Open an account. If you trade up to a certain amount (usually depicted in BTC worth), you will not need KYC.
• 2
  Deposit your fiat
• 3
  Buy some EOS and then transfer it to your digital wallet. Be careful about the peculiarities of EOS wallets.
• 4
  Go to your EOS Sportsbook and sign up for an account; in most cases, you only need an email address to register. In the deposit section, select EOS. Then, copy the unique address generated there. Always carefully check the address where you are depositing crypto.
• 5
  Go back to your wallet and paste the above address. Confirm the transaction.
• 6
  That’s it. Within minutes, you have funded your account and can now start betting.

How to Withdraw from EOS betting sites

The withdrawal process is essentially the same as the deposit. Before initiating a withdrawal, be careful to check your EOS Sportsbook’s policies. This will ensure you do not get your request stuck and await possible manual processing by the bookie.

• 1
  Go to the withdrawals section.
• 2
  Using the same process as deposits but in reverse, send your gains back to your wallet.
• 3
  You can now store your EOS in your wallet or go to a trusted exchange and trade it for anything, whether crypto or fiat.

What other games can you play with EOS gambling

The way it goes, casinos have always been the first movers to adopt new payment methods. This, too, is the case with EOS gambling. Even more so, given the sheer number of decentralized gambling applications that have the lion’s share of EOS network usage until this day.

The incredible transaction speeds allow an almost instant top-up for your bankroll. Along with the ridiculously low fees, it makes an excellent case for gambling, regardless of whether you opt for blockchain dApps or EOS gambling sites. It will be easy to find popular options, such as Slots, Live casino games, Roulette, Blackjack, and variations of Poker games such as Texas Hold’em and Omaha.

Our take on EOS gambling

EOS is an exceptional case. It aims to create a better experience for anything crypto. Its unique vision and approach are groundbreaking. Moreover, suppose Larimer and his team manage to deliver fully, and the community embraces it.

In that case, it will make history, making crypto accessible in simpler ways to the greater public. There may not be many EOS sportsbooks around, but there too lies a great potential, and bookies know it.

It would help if you took advantage of the EOS network’s incredible speed, which is much welcomed when funding your bankroll or withdrawing your gains. The same goes for the virtually non-existent fees that allow for many transactions without the fear of costs chipping away at your pocket.

Just make sure you select EOS gambling sites with a robust reputation, a great variety of bets in large markets, good odds and, of course, licensed and responsive in their chat and email.