5 Biggest Ice Hockey Tournaments to Bet on Using Bitcoin
Ice hockey is a popular sport with a massive global following, which explains why sportsbooks have incorporated the wintersport.
Read on to learn some of the major ice hockey tournaments you can bet on and how you can place your bets using Bitcoin.
Table of Contents
- Why You Should Bet on Ice Hockey Using Bitcoin
- 5 Types of Bets You Can Place on Ice Hockey
- 5 Biggest Ice Hockey Tournaments To Bet on
- How to Bet on Ice Hockey Tournaments Using Bitcoin
Why You Should Bet on Ice Hockey Using Bitcoin
Here are a few reasons to consider placing your ice hockey wagers using Bitcoin.
Faster Transaction Speeds
Betting on ice hockey with Bitcoin helps alienate the problem of sluggish payments associated with conventional payment options.
Some traditional payment methods may take up to seven days to process your transaction, which is not the case with BTC payments. The Bitcoin blockchain allows for fast, seamless transactions.
Lower Transaction Fees
Bitcoin operates under a peer-to-peer model. You don't need institutions such as banks or human merchants to act as intermediaries when depositing money to place ice hockey wagers.
The elimination of go-betweens keeps Bitcoin transaction fees low. You don't incur extra costs paying off for these third-party services.
Enhanced Privacy and Anonymity
Most sportsbooks have payment options, such as debit/credit cards, e-wallets, and online banking, that all require you to share personal information. You need to share details with the payment gateways when using them.
However, you only need your wallet address and that of your betting platform account with Bitcoin payments. Your betting encounters remain private and anonymous.
5 Types of Bets You Can Place on Ice Hockey
The most popular types of bets to place on ice hockey include but are not limited to the following.
Money Line Bets
The money line bet is popular in betting circles and allows you to wager on the winning team without considering any odds. In ice hockey, this bet lacks the tie option, as overtime and shootouts ensure one team wins.
Most bookmakers provide this betting market in all kinds of ice hockey tournaments, ranging from professional leagues to collegiate ones like the women's ice hockey NCAA tournament.
Prop Bets
Prop betting is gaining notoriety among ice hockey pundits, as it is considered fun. Here, you wager on game occurrences that don’t relate to the overall outcome. You can place player prop bets predicting the performance and statistics of individual players in a match, for example, will have the most shots, assists, or goalie with the most saves. You can also place team prop bets by predicting the team to win the first quarter or the one to score first.
Over/Under Bets
Generally referred to as the totals market, this bet allows you to tell in advance whether combined scores at the end of an ice hockey game will be under or over a certain number.
Bookmakers set this number, which typically ranges from over/under 4.5 to over 8.5 goals. For instance, betting on over 4.5 means you can only win the bet if the final tally of goals scored by both teams is five or more.
Puck Line Bets
Puck line bets in ice hockey are similar to spread bets in other major sports, with a slight exception. Since ice hockey is a low-scoring game, favorites are handicapped at -1.5, whereas underdogs get +1.5.
When you bet on a favorite, they need to win by more than 2 goals for your bet's outcome to be positive.
Live Bets
Live betting in ice hockey entails placing all the bets when a game is in progress. Odds provided in live bets tend to be volatile as they greatly depend on the on-field action.
You should follow the game in real-time when placing live bets, so you can make well-informed decisions depending on how the game unfolds.
5 Biggest Ice Hockey Tournaments To Bet on
Now, let’s look at some of the most prominent ice hockey tournaments to look out for whenever you wish to bet on the sport.
The Ice Hockey World Championship (IHWC)
The Ice Hockey World Championship (IHWC) is an annual high-profile international men's event governed by the International Ice Hockey Federation (IIHF). It has 52 teams from IIHF member countries competing.
The tournament features 16 teams participating in the championship group, whereas Division I and Division II have 12 teams each. Divisions III and IV have 10 and 4 teams, respectively. It is held from April through May and provides all the action you need regarding ice hockey wagering.
The National Hockey League (NHL)
The National Hockey League (NHL) is North America's top-tier ice hockey competition. It comprises 32 teams, with 25 of them drawn from the US and seven from Canada. The NHL is an annual event with a regular season consisting of 82 games.
With an estimated yearly revenue of about $5 billion, the NHL is among the world's wealthiest leagues, which expounds on its vast fan base. An excellent sportsbook, such as 1xBit, will provide you with NHL games to bet on.
The Kontinental Hockey League (KHL)
The Kontinental Hockey League (KHL) is an elite annual ice hockey competition that began in 2008. Initially, it featured teams from countries in the former Soviet Union, but now also includes 22 teams from across Eastern European countries and China.
Liiga
Also known as the Finnish Elite League, Liiga is Finland's premier professional ice hockey tournament. The annual event has been running since 1975 and comprises 15 teams.
Finland's success in international ice hockey competitions has made the domestic league popular, and most sportsbooks provide the tournament for betting when playoffs begin.
NCAA Ice Hockey
The NCAA ice hockey tournament is a competition played by college teams in the US. It has both men's and women's events. For the men's Division I NCAA tournament, which is the oldest and most popular, sixteen teams compete annually in a single elimination format.
How to Bet on Ice Hockey Tournaments Using Bitcoin
Now that we’ve seen the top ice hockey tournaments and the bets you can place on the matches, here’s a quick guide to placing ice hockey bets on 1xBit using Bitcoin.
First, register for an account with 1xBit.com. Enter your email address and provide a strong password. You can also enter a promo code if you have one and click on ‘REGISTER’ to complete the process.
Once you confirm your account, access it by tapping on the 'Log In' tab and providing the email address and password used during registration.
Proceed to clicking the ‘DEPOSIT’ tab and selecting Bitcoin as the method you wish to transact with.
With BTC confirmed as your payment mode, the platform puts forward a wallet address and QR code that you can use to make payments from your crypto wallet. Once the deposit is complete, click the sports menu icon, and select Ice Hockey. Alternatively, you can find Ice Hockey under the ‘Long Term Bets’ section.
Settle on your preferred games, choose a bet, and stake a reasonable amount. Once done, click the 'PLACE A BET" button. In our case, we have settled on a futures winner bet market for the IIHF World Championship 2023.
1xBit is an excellent choice for sports betting with Bitcoin. You can bet on a diverse range of sports, including global ice hockey competitions. The platform also offers competitive odds on all the provided games.
Register an account with us today and start betting on ice hockey tournaments.