Nitrogen Sports is the first “Bitcoin only” sportsbook that we have reviewed! As a Bitcoin sportsbook, Nitrogen Sports looks the same as other sportsbooks, but takes a little bit of getting used to. With Bitcoin becoming more mainstream, depositing and withdrawing with sportsbooks in the Bitcoin currency has become the standard. One interesting thing about Nitrogen Sports is that instead of converting bitcoin to USD or EUR, they keep the currency as Bitcoin. Another interesting thing is that one can sign up for this sportsbook and not provide any personal information. One can be completely anonymous as a user of this site! This comes with a variety of positives and negatives that we will address further down in this blog.
Depositing MoneyIt would be easy to give Nitrogen Sports lower marks for only accepting Bitcoin, but they don’t claim to do anything else. Again, as a “Bitcoin only” sportsbook, one will deal in no other currency except for Bitcoin.
We don’t cover the process of buying or selling Bitcoin, so we make the rough assumption here that the user is slightly advanced in using the currency. Simply by clicking on the amount of Bitcoin that is available brings the user to the deposit page (as shown). From here, the user is given a Bitcoin address to fund their account. Note that every user has a unique address so the system knows which account the deposit will fund.
The entire process, from setting up an account to having Bitcoin on the site, took us no more than five minutes. Those who have signed up at other books know that this turnaround is incredible! We were betting in no time!
Limits/Ease of depositing money: 10/10
In a lot of ways, one can take a look at the image above and make a judgment as to how they feel about the interface. As with every interface, there is some good and some bad.
The first thing that we really like is the chat bar near the top of the screen. This seems to add a level of transparency that is welcome for any type of online sportsbook. Second, the set up is very similar to other sportsbooks with the list of sports on the left, games in the middle, and bet slip off to the right. There is no confusion at all when coming to this page (except that the “My Wagers” area is hidden under the “Nitrogen” tab). Third, the bet slip is very easy to use. Again, the drawback is that one is betting in Bitcoin (BTC) and may have to do some math to really understand how much they are betting.
There is really only one thing that we don’t like and that is how much space is used in the middle of the screen for the matches. One has to do a serious amount of scrolling to find the game or match that they are trying to find sometimes.
Look and feel of the betting interface: 7/10
This is one area where the Nitrogen Sports Sportsbook falls all over the board. First, the good…
The amount of contests that are available rivals the best sportsbooks in the industry. They seemingly have odds on everything from Aussie Rules Football to darts. Just about the only thing that we couldn’t find as we do this review in July is odds on the Tour De France.
What sort of shocks us is the inconsistency of the vig between different sports. As a quick note to the amateur bettor, the vig is the rake that the sportsbook takes.
Baseball, which typically has the lowest vig at the standard sportsbook, has a rather high vig at Nitrogen Sports. Yet when we look at the early football lines, the vig is a lot lower then the average sportsbook. So, for now, this falls into the neutral category.
As for bet limits, the minimum bet is currently at 0.001 BTC which at current rates is around $9.50. It is important to note that almost as soon as this article is published that this will change as the price of Bitcoin is very erratic. When we first published this article back in July, the price of Bitcoin was about a fourth of it’s current price. The bet max varies by sport, but is generally much higher than is seen at the traditional online sportsbook.
Odds Prices and minimum bet limits: 7/10
Gambling apps are still not allowed in the Apple Store or Google Play, so we still need to rely on mobile pages to do the trick. With it’s mobile page, Nitrogen Sports really didn’t put forth their best effort. Though usable, bettors will find the page clunky and a bit difficult to use.
Although the page is styled in the same way that it’s desktop page is, it is much harder to navigate. When a bet is added to the bet slip, the user is left mystified as to where the bet slip is. Certainly, this is something that Nitrogen Sports Sportsbook can improve in the future.
Mobile Betting Platform: 7/10
PayoutsOne of the major pluses of using the Nitrogen Sports Sportsbook is the ease and speed of the payout system! This is one of the areas where Bitcoin shines! At most (if not all sportsbooks besides Nitrogen Sports), the user has to go through a few phases before they can receive money. First, they need to submit the request. Second, the request has to be accepted. Third, the money needs to be sent out (likely through a third party). All of these steps take time! A great sportsbook will have you money within 48 hours, while a bad one can take up to six weeks or longer.
Nitrogen Sports is on a level of their own in that their Bitcoin processing is very fast! Withdrawals are practically instant so the user only needs to wait for the Bitcoin network to confirm the transaction. The larger withdrawals take a little bit longer as would be expected. We tested the withdrawals at a few different amounts that were all under 0.5 BTC. In all three instances we had the Bitcoin show up in our wallet in about 90 minutes (give or take 15 minutes). We understand that this is Bitcoin and not a traditional currency, but this turnaround time is incredible when it comes to the online sportsbook industry!
Ease and price of payouts: 10/10
Most sportsbooks that accept Bitcoin usually reserve their biggest bonuses for players who deposit with Bitcoin. We were a little surprised that the Nitrogen Sports Sportsbook didn’t provide any deposit bonuses for our first transaction. So, while there are no bonuses to be heard of, there are two very cool promotions that Nitrogen Sports runs.
First is the NFL Survivor Pool which is a promotion that is run during football season. The promotion works as a simple survival pool, where the bettor needs to pick a winning NFL team every week without repeating teams. While it still remains to be seen how many pools they will have in 2017, they had 8 different ones in 2016. The free pool, which had 1508 entries, paid out a guaranteed 1.000 BTC.
The second promotion that Nitrogen Sports runs is their monthly Parlay Jackpot. The way that this works is a little bit complicated. Every time that a parlay is played, Nitrogen Sports adds a portion of the bet to the Parlay Jackpot. Each bet is broken into three pools (Featherweight, Middleweight, and Heavyweight) based on the amount bet on the parlay. In a nutshell, the biggest parlay wins in each pool take home the jackpots for the month.
While bonuses aren’t the strong suit of the Nitrogen Sports Sportsbook, there are some cool promotions that keep things interesting.
Pro: A completely anonymous sportsbooks. No personal information needs to be given.
Pro: One can reap the benefit of a positive price swing in Bitcoin.
Pro: Great variety of sports and props to place bets.
Pro: Amazingly speedy deposits and withdrawals.
Con: One is at risk of a negative price swing in Bitcoin.
Con: One needs to be a little computer savvy to understand and use Bitcoin.
Con: As a Bitcoin book, it takes some math to figure out how much one is betting.
Con: They don’t have the most competitive odds in the industry.
The original posting of this blog was on July 25th, 2017.
11/30/2017: Added a few notes on payouts and the price of BTC.
As noted in the pros/cons, there is an extra element of suspense when betting with bitcoin. The price of Bitcoin is all over the place and there is really nothing to make us believe that this trend won’t continue. Since we first published this article in July, the price of Bitcoin has quintupled! One could call it the bet within the bet (i.e. betting sports, while betting on the price of Bitcoin at the same time!). While this can be a bit of a roller coaster, it can also add an element of fun. If you, the reader, are still uncomfortable with using Bitcoin then we would suggest the Bovada Sportsbook, or you can research with our review on Bovada here.
Overall, the Nitrogen Sports Sportsbook has made a solid name for themselves in the community. For a user that wishes to keep their anonymity, there is no question that this is the sportsbook for you.
To sign up at Nitrogen Sports: Join Nitrogen Sports