Cryptocurrency, and in particular Bitcoin has exploded in recent years, with its value increasing exponentially. As it has become more mainstream, several bookmakers, in particular, have noticed and have started offering cryptocurrency on their website as a deposit method for their clients. 1xBit bookmaker is a Russian based bookmaker and casino which has been in operation since 2007, and they have gone one step further, making their whole service a cryptocurrency one. Although the name 1xBit indicates bitcoin is the currency to be used, the book actually facilitates a whole host of other cryptocurrency options. In this review we take a look at those different payments types and delve into the bookmaker, assessing how comprehensive the service is, should it be trusted and what could be improved.
Viewing on a Desktop?
Back in the day, one web designer decided that a bookmaker should use a three-column layout, with the list of sports and events down the left-hand side of the page, the live and upcoming betting action and the bet slip and promotions and links on the right-hand side of the page. Turns out that this designer was onto something as this layout is pretty much ubiquitous in the sports betting world, and 1xBit bookmaker has decided to conform to industry standard.
What makes a bookmaker score highly when looking at the website? Aesthetics, usability, loading times and functionality. The 1xBit bookmaker website is definitely fast loading and has been designed using a modern font and sharp graphics, but simply put, there is just too much going on. The center of the page is overpopulated with several different bet types and icons for each match, and they are crammed into the screen to ensure that there are as many offerings as possible on display. This gripe really extends only as far as the landing/homepage though, as once bettors delve deeper into their desired markets, the bookmaker is fairly well laid out and looks a lot less cluttered.
On the left-hand side of the page above the sports, 1xBit bookmaker has a useful search bar to navigate directly to a particular team/match/player and the sports can also be filtered by start time. There is a statistics section that can be accessed by clicking on the bar chart icon next to each game and although the odds are set to decimal by default, bettors have the choice of US odds, UK odds, Hong Kong, Indonesian, or Malay odds if they choose. Finally, the site caters for a worldwide audience and has an incredible 46 different languages to chose from (all of the most commonly spoken tongues in the world).
Users can register for an account with 1xBit bookmaker incredibly easily. They just need to pick their desired currency and input their e-mail and an account number and password is immediately generated and shown on screen.
Bonuses And Promotions
1xBit bookmaker provides an incredibly generous looking 100% first deposit bonus up to 1BTC (currently worth over £8000). However, there is a 40x rollover requirement, so players will really need to be turning over their money before they are able to take advantage of the freebie. The matched deposit is naturally the flagship promotion, but 1xBit also gives a number of concessions and ad hoc offers to existing customers.
Sports & Markets
Most bookmakers have a USP, and in 1xBit bookmaker’s case, it is most certainly the number of sports they offer and the depths of markets for those sports. In total there are over 40 different disciplines to choose from, with all of the major, and some more obscure and niche events covered.
Although there are a plethora of sports to chose from, the vast majority of odds and markets are football related. It is after all the biggest sport in the world, and also ranks at the top for turnover when it comes to wagering. Significant resources have gone into the major European leagues such as the English Premier League, La Liga in Spain and Serie A in Italy, but concentration is solely on those competitions – bettors who wish to wager on matches in smaller countries and leagues have the ability to do so. For instance, 1xBit bookmaker covers both the Cameroonian Elite One league and Ligue 2. Want to bet on a match in Costa Rica? No problem, there is also action from the top two divisions.
How are the odds on the football? Well, naturally they vary, with the odds for the top leagues with the high earning players whose matches are televised around the globe being more generous than the games in the countries/leagues where there is less known about the players and the teams. Bookmakers incorporate margins into their odds in order to generate a profit, and the closer to 100% the odds compile to when converted into percentage chances, the better they are for customers. Matches in the English Premier League work out to around 103-103.5% which although is not market leading, is very strong and competitive industry-wide. Drop down to the Australian A-League and the percentages still aren’t anything to be sniffed at, averaging around 104.5%. The lower the standard of competition, the bigger the margins 1xBit build into their price – matches in Kenya and Cuba etc. work out to around 109-111%.
What about the bet types on offer? 1X2 has always been the bread and butter for bettors, but now they want more, and with 1xBit bookmaker, they get it. Each match typically has hundreds of additional markets with handicap betting, Asian handicap betting, correct score, 1st half scores, first scorer and much more. It really is an impressive selection.
Of course, some bettors have no interest in football and want to wager their money elsewhere. Other popular sports available with 1xBit include ice hockey, tennis, basketball, and baseball. For lovers of e-sports, there are odds on all types of events such as League of Legends, Starcraft and Overwatch etc. 1xBit step up to the plate again, with book percentages of around 106-107% available for e-sports – very competitive indeed.
Some of the other book percentages for major sports (on the 1X2/moneyline markets) are as follows:
Baseball – 103.5%
Tennis – 103.5-104.5%
Basketball – 104-104.5%
Ice hockey – 105-106%
Other sports available to bettors include chess, CrossFit, darts, Formula One, Futsal and many, many more.
1xBit representatives state that there are no restricted countries and it is up to the client to determine whether online betting is legal in their jurisdiction. When visiting the site from the USA, it is blocked.
When customers sign up for a 1xBit bookmaker account, they are given the option of choosing their base currency. This is the currency that will be used as a default on the site and the options are: mBT (Milli-Bitcoin), DTC (Dogecoin), GAME (Game Credits), XEM (XEM/NEM), mDASH, mLTC, mETH, mXMR, mZEC and FUNC. To non-cryptocurrency users, this may seem like a foreign language, but those who wish to sign up to the bookmaker are likely to have a solid knowledge.
While clients have to choose a base currency when signing up for their account, this does not prevent them depositing using a different cryptocurrency. 1xBit do however reserve the right to charge a fee when they convert from one currency to another. There are 18 cryptocurrencies to choose from when funding an account and these are Bitcoin, Litecoin, Dogecoin, Dash, Monero, Ethereum, ZCash, GameCredits, Sibcoin, NEM, Bytecoin, , DigiByte, Bitcoin gold, Bitcoin cash, Ethereum Classic, FunCoin, xGox and BitShares.
The withdrawal method is fast and free. The minimum withdrawal is 10.00 mBT or equivalent and it normally hits the users account within 15 minutes.
1xBit like many bookmakers have abandoned the conventional phone line for queries, but they do have a 24/7 online chat that is manned by capable and helpful customer service representatives. In addition, there is an online form that can be used or customers can e-mail their queries to firstname.lastname@example.org. For some, it can be a little disconcerting not to be able to speak to an individual if there is an issue (particularly when there is money at stake), but it saves the bookmaker plenty of money not to have a call center.
1xBit have a mobile-optimized website that loads quickly and efficiently on a wide range of devices, from iOS devices, Windows phones, Android tablets and more. The optimized mobile site has clearly had some TLC and thought put into it, and it allows users to quickly navigate around the website to find their desired bets. When landing on the page, the live betting and upcoming highlights are displayed, with nice slick graphics. There is a search bar which can be very helpful when users want to get to their bet quickly and if they would prefer to go the conventional route, they can use the scrolling menu bar which shows a list of the different sports available. 1xBit have actually got an Android app which is downloadable and is fast loading and functional, and hopefully in future they will expand their apps to iOS and Windows.
The fundamental parts of 1xBit’s bookmaker are strong and although there is always room for improvement, they provide customers with a great product.