Cycling Betting: How to Bet on Cycling and Win Bitcoin
Cycling is a sport loved by millions of people (and bettors) around the world. Read on to learn how to bet on cycling with crypto on the leading cycling betting site, 1xBit.
Table of Contents
- How Does Betting on Cycling Work?
- Top Cycling Competitions You Can Bet on
- Popular Cycling Bets
- How to Bet on Cycling with Bitcoin on 1xBit
How Does Betting on Cycling Work?
To bet on cycling, you must be registered with a sportsbook that has the cycling events you want to wager on. 1xBit.com has a ton of cycling events that you can bet on to win Bitcoin.
Since cycling is a famous sport with global participants, there are many opportunities to bet and win from the sport. For instance, there are different kinds of cycling tournaments, ranging from mountain biking and track cycling to BMX and more.
To bet on cycling, there are a few things that you should keep in mind.
- First, it’s important to know the type of cycling competition you are betting on.
- Next, do your research on the cyclists and their racing history.
- Lastly, the cycling track’s details like the weather conditions on the days of the race.
Once you have familiarized yourself with the details, you can confidently place a bet.
To start you off on your cycling betting journey, we have highlighted some of the top cycling competitions you can bet on.
Top Cycling Competitions You Can Bet On
This list of cycling competitions features the top tournaments and races, which have risen to fame because of their consistency, competitiveness, and experienced cyclists.
Tour de France
The first and most famous cycling competition on our list is Tour de France.
Tour de France is held annually in France and features the best male cyclists worldwide. The racing circuit has a total distance of 3,000 miles featuring 21 stages covered in 23 days. To win the competition, cyclists participate in a team of eight riders who compete against 20-21 other teams, all Union Cycliste Internationale (UCI) champions.
At the end of the 23 days, each cyclist’s time is calculated by adding up the time they took to cover each stage in the competition. The cyclist with the least finishing time is declared the winner and given the coveted yellow jersey and the prize money.
Tour de France is usually held between June-July with some exceptions and is considered part of the ‘Grand Tour’, a series of three cycling races held in Europe.
Giro d’Italia
The Giro d’Italia is a popular cycling competition that takes place annually in Italy, though the track sometimes runs through neighboring countries.
Giro D’Italia comprises 21 stages spanning over 23 days, with the slightly over 2,000 miles route changing every year. This competition requires high endurance from the 22 teams that participate because of the hills and descents experienced in Italy. These teams qualifying for the event are usually UCI champions, with a few teams being invited as ‘wildcards.’
At the end of the 23 days, each cyclist has their times computed, with the cyclist having the lowest times being declared the overall winner. This cyclist then walks away with the pink jersey and prize money.
Giro d’Italia is usually held between June and July each year.
Vuelta a España
The third competition on our list and the last of the Grand Tours is Vuelta a España (The Tour of Spain).
Vuelta a España is an annual cycling race held between August and September in Spain. Each year, 22 teams compete against each other over 23 days and 21 event stages on an approximately 2,000-mile track. During this time, each team supports their strongest contender, who, if fortunate, wins the overall event by taking the least amount of time to cover all event stages.
The winner of Vuelta a España walks away with the event’s red jersey and prize money.
Tour Down Under
Tour Down Under is known as the opening event of the UCI World Tour. It is known as the Tour Down Under because it is held in Australia on a course about 630 miles long with six stages.
The race takes six days and features 21 teams from around the world. Just like the first three races, the winner of the Tour Down Under is determined by the cumulative time they take to complete the race, walking away with the Ochre jersey and prize money.
The Tour Down Under usually takes place in mid-January, during the Australian summer. Interestingly, this tour also features women’s teams, making it an inclusive cycling competition.
Next up, we look at the kinds of cycling bets you can place on any of these cycling competitions using 1xBit.
Popular Cycling Bets
Betting on cycling is fast and easy. Here are some popular wagers you can place using one of the best cycling sites, 1xBit.com.
Live Betting
Here, you will place a wager as a cycling competition is in play. Among the wagers, you can place include the outright winner, stage winner, top finish, matchups, and more.
Betting in this way adds more excitement to the betting process as you can watch the results as they unfold.
Who Will Win
In this wager, you place a bet that predicts who the outright winner of the competition will be. For instance, you can bet that Jasper Philipsen will win the Tour de France race. Each cyclist has their odds, set by the site, making it easy for you to calculate your winnings depending on who you bet on.
In Top 3
Here, you will predict if your favorite cyclist will emerge in the top three positions of the competition. For instance, you could predict that Jasper Philipsen will be among the top three athletes in the race. Again, every rider has different odds from the other on the 1xBit platform.
Now that you know the types of cycling bets available on 1xBit, here is a breakdown of how you can use bitcoin to bet on cycling using the site.
How to Bet on Cycling with Bitcoin on 1xBit
Betting with cryptocurrencies such as Bitcoin (BTC) is becoming more popular. 1xBit lets you deposit and withdraw 40+ cryptocurrencies, and place your bets in Bitcoin.
It will take you a few steps, highlighted below, from registering to withdrawing your winnings.
Create A 1xBit Account
First, head to 1xBit.com and click on “Register,” found on your screen’s top left corner. Fill in your details, then submit for email verification. After confirming your email, deposit Bitcoin or any other cryptocurrency to your 1xBit account.
Select The Cycling Competition
Click on the “Sports” tab on the top right side of your screen, and select “Bicycle Racing” from the drop-down list. Proceed to select the cycling competitions to wager on. Then, pick your odds from the list provided therein.
Place Your Bet
Next, fill in the amount you want to stake on your bet on the right side of your screen. All details of the expected outcome will appear on the same end of your screen.
Lastly, click on “Place A Bet” for your wager to get activated. The amount staked will be deducted from your 1xBit account.
Your winnings will be deposited to your 1xBit account after the race ends in mBTC. After that, you can withdraw the proceeds in the cryptocurrency of choice.
Cycling competitions occur throughout the year, and you can comfortably place a bet on whichever tournament is taking place on 1xBit.
Sign up for a free 1xBit account to start betting on all your favorite cycling races!