Crypto Betting Strategies: How to Make Informed Crypto Bets

Having a strategy in crypto betting is essential to winning. Mastering crypto betting strategies is more than just a technical manual. When you focus on careful research and planning, you avoid emotional decisions that hurt problem gamblers. Bankroll management and disciplined execution of strategies are a way to control your emotions while crypto betting.

Learning from past betting experiences are the key to a sound betting strategy at crypto gambling sites. Learning from past mistakes gives you a winning mindset. Here’s how to build a winning strategy, as well as a winning mentality.

RATED

CASINO

SIGNUP BONUS

> > > > >

1

  • 200% Casino Bonus up to $5,000

2

  • 320% up to $3,000

3

  • 100% Match Bonus up to $1,000

4

  • 100% up to $250 Casino Bonus

5

  • 250% up to $2,500

Key Takeaways:

  • Successful crypto betting requires thorough research, careful planning, and disciplined execution.
  • Managing your bankroll effectively is crucial for long-term betting success and financial health.
  • Diversifying bets and understanding risk can help minimize losses and improve overall outcomes.
  • Emotional control and learning from past betting experiences are essential components of a sound betting strategy.

Table of Contents:

  • Research and Analysis
  • Bankroll Management
  • Risk Assessment
  • Diversifying Bets
  • Emotional Control
  • Learning from Mistakes

Research and Analysis

Research and analysis are important if you want to use the best crypto betting strategies. Players should understand the market, so they know which casinos and sportsbooks offer the best welcome bonuses.

Players also should read about the best casino games, so they know which games have the best odds. Learn basic strategy in games like blackjack and video poker. This helps you play optimally. Optimal play gives you the best odds possible on that game.

If you prefer sports betting, then you’ll need to know about matchups, injury news, and weather information. Understand why point spreads and moneyline odds have changed. If you make live bets, follow the game and take advantage of the game situations.

Research and analysis involve more than predictions, though. Analyzing past performance helps you improve. Just like athletes look at film to find ways to improve, gamblers should analyze their mistakes to improve their skills. You’ll see in the betting and emotional regulation sections why research is so important.

Bankroll Management

Bankroll management does not change the odds of the game, but it helps you lock in wins and avoid catastrophic gaming sessions. It avoids the risk of ruin while helping you avoid the gambler’s fallacy. These are the common pitfalls of undisciplined and unprepared gamblers.

What is bankroll management? It’s budgeting and strategy tips that help you win. Setting a loss limit means you won’t lose too much money when you have bad luck. For instance, you might set a loss limit of $50. Once you lose $50 in a gaming session, you end the session immediately — with no exceptions.

Bankroll management includes win goals, too. Let’s say you set a win goal of $100. As soon as you win $100 on the game, you walk away. You don’t assume the game is hot and press your luck until you go on a losing streak, which is a way to lose your winnings. Instead, you lock in your winnings by leaving the session.

Loss limits and win goals are just part of bankroll management. Another key component is calculating your bankroll, then using that to determine the size of your bets.

What is a bankroll?

A bankroll is the amount of money you set aside for your gambling excursions. If you have a vacation planned, the bankroll is how much money you’re willing to spend on gambling. It’s not all your entertainment money. It’s not your discretionary cash for the month, and it’s certainly not all the money you own.

Instead, it’s the money earmarked for gambling. Once you calculate your bankroll, you never dip into any other funds during your gaming sessions. If you lose the whole bankroll, the gambling is over for that period.

That might not sound fun, but it’s wise. The key is calculating your bankroll, then limiting bets to a rational amount that stretches your bankroll until the end of your trip (or other set time limit.) Gamblers should set their bet amounts based on the bankroll — so each bet is only 1% to 3% of the bet.

How does managing your bankroll in cryptocurrency betting help players win?

Bankroll management works in cryptocurrency betting the same way it works in other gambling games. Managing your bankroll maximizes your winnings when you get lucky, and then minimizes your losses when you have a bad streak. Prepare for both eventualities, because both happen when gambling.

The key is calculating your bankroll, and then calculating the proper bet according to your bankroll. You should not make wagers beyond one percent to five percent of your bankroll. Frankly, it should seldom exceed three percent. Once you have your proper bet size, use flat betting and avoid progressive bets at all costs.

Risk Assessment

Understanding the volatility of crypto betting is key. Assessing risk requires several calculations. First, you have to understand what the current market is for Bitcoin, Ethereum, or the other cryptocurrency you use. If the volatility is too much for your tastes, it’s better to find another crypto method.

Second, you should understand the house edge on any game you play. Table games like blackjack or baccarat are easy to know. Roulette is a little more complicated, but learning the difference between American and European Roulette helps. Learning the craps bets helps because you can choose the wagers with the best odds.

Online slots and video poker are a little more complicated because many games exist with different odds. Slots are harder to learn, so it’s best to research the slot games with the highest return-to-player (RTP). When you do, you can make proper risk assessments on your gaming sessions.

Diversifying Bets

Don’t put all your eggs in one basket. In gambling, that means you should limit how much you bet on any one proposition. Gambling experts suggest you should only bet 1% to 3% of your bankroll on any given bet. That’s another reason why calculating your bankroll is so important.

Risk management helps you stay in the game longer. The more bets you make, the better the chance you’ll hit a jackpot. By all means, make the max bet on crypto slots to activate the jackpot. If the bet is too high, then drop down a denomination and make the max bet at a smaller amount.

When you do, straight betting is best. If you engage in progressive betting — like the Martingale or D’Alembert scheme — it doubles the bet each time you lose. Soon, you’re betting much more than 3% of your bankroll. It’s the equivalent of investing all your money in one stock.

Of course, it’s important to remember that a house edge is in play. The casino has an advantage on most bets, so diversification only goes so far. But you’re playing for fun, so you want to stretch your bankroll — that is, your entertainment budget — so you don’t bust out and have to visit the ATM (which is not suggested.)

What are some tips for minimizing losses in crypto gambling?

Only play when you are rested, sober, and feeling good. If you’re angry, sad, or stressed out, don’t play. You’ll go on tilt and chase losses, which is how a player loses a lot of money.

This means you limit gaming sessions. If you’re mentally or physically fatigued, sleepy, hungry, thirsty, or need a smoke, end the session. Don’t play when distracted by physical needs of any sort.

Don’t play when distracted period. Turn off the tv or YouTube videos. Don’t play when you’re on social media or scrolling non-gambling sites. Don’t text and gamble. Be focused on the game.

Finally, have win goals and loss limits.

  • What is a Win Goal?: A win goal is a set amount of winnings that cause you to end the session. Lock in winnings instead of gambling them away.
  • What is a Loss Limit?: A loss limit is a a set amount of losses that trigger then end of a session. Walk away and get your bearings. This keeps you from chasing losses, which is a key pitfall for problem gamblers.

Emotional Control

Many problem gamblers struggle with emotional regulation. They feel bad, so they make mistakes. Maintaining emotional control helps you maintain discipline and avoid impulsive decisions.

One reason players should shorten gaming sessions is it allows them to play at their best. If you’re tired, sleepy, hungry, thirsty, bored, distracted, or angry, it affects your gaming sessions. Shorter sessions save you from fatique, angst, and stress, letting you collect your thoughts and steel your nerves.

Poker players have a term called “going on tilt,” which is a borrowed from pinball machines. It means losing your cool and chasing lost chips. If they lose to the mouthy person across the table, things can get personal. When it gets person, the player makes mistakes.

Gon’t go on tilt. Maintain your emotions, so you can make rational decisions. View losses as information you can use. Maintain a dynamic mindset.

Learning from Mistakes

In her 2007 book, “Mindset: The New Psychology of Success”, Stanford psychologist Carol S. Dweck posited that success comes when we learn from mistakes. Mindset describes two kinds of self-images — static and dynamic mindsets — and how predictive they are of success. Dweck used examples from business, sports, politics, military history, and academia to show that a dynamic mindset is how one grows and improves.

In the dynamic mindset, successful people see failure as a chance to learn. If they fail a test, it means they should study harder and learn. If they lose a game, they should study film and improve their skills. And if their business fails, they can learn from the mistakes they made to create a better business.

People with static mindsets are doomed to failure. Even if such a person is intelligent and talented, they see a failed test or business as a reflection of their worth. If they fail a test, they’re a failure. If they lose a game, they’re a loser. Such people cannot recover from failures, because they see it as a reflection of themselves. They can never grow, evolve, or improve.

Crypto gamblers should take a dynamic mindset. If you overlooked the best bonus, learn how promotions work and improve. If you didn’t employ a winning strategy, it doesn’t mean you’re a bad gambler. It simply means you should improve. Always be improving in many different ways. Two percent improvement builds over time.

How do I make informed crypto bets?

Learn how to make informed bets by hyper-focusing on specific bets or invididual games. If you play at a crypto sportsbook, start with mastering the simplest bet type: the straight bets. Focus on one single sport, learning the ins-and-outs of that game. Don’t make a bet or two on NFL football, then jump to NBA basketball. Don’t split your time between NFL and NCAA football. Focus on one sport and master it.

It’s similar at crypto casinos. Find one game that you like and master that game. Blackjack and video poker require strategies, so master basic strategy for either of those games. Find a strategy chart and learn back and forth. Then play that single game. In fact, find the video poker or blackjack game with the best odds and hyper-focus on that single game.

If you don’t like strategy in casino games, then choose the games with the best odds. That’s baccarat or craps in table games, or baccarat in the live casino. Focus on the best bets of those games and enjoy. If you prefer slots, then find the online slots with the best return to player and only play those games.

What are some effective strategies for crypto betting?

Here is a quick list of effective strategies when betting at crypto sites.

  • Research and Analysis: Research the game you’re playing in a crypto casino. Research the sport you’re playing at a crypto bookmaker site. Have laser focus on that game or bet, then analyze your wins and losses. If you don’t know why you lost, analyze some more.
  • Bankroll Management: Use bankroll management tips and strategies. Use flat betting with a proper bet size. Use loss limits and win goals for disciplined gaming sessions. Never break your own rules.
  • Risk Assessment: Learn the odds of the game and bet accordingly. Don’t play games with a huge house edge, because it hurts your bottom line. Games with huge jackpots usually have a high house edge.
  • Diversifying Bets: Don’t let your bankroll ride on a single bet. That’s where bankroll management comes in. Finding the proper bet size for your bankroll is the key to diversifying bets.
  • Emotional Control: Limiting session times helps you control your emotions. Most players don’t start a session upset. They usually get tired, agitated, or angry as the session continues, so limiting your time in a given session helps you walk away when your emotions get the best of you.
  • Learning from Mistakes: Keep track of your wins and losses. Once you do, undergo research and analysis again. This helps you learn from mistakes. Your mindset should treat losses as tidbits of information. They help you improve and learn. In doing so, losses become your friend and teacher.

Conclusion

Crypto betting strategies help a gambler maintain their focus. By focusing on tips, strategies, and bankroll management, you avoid focusing on your emotions. When hyper-focusing on the techniques, you eliminate many of the pitfalls of problem gambling. All told it’s called responsible gambling.

When you’re having a tough session, return to our crypto betting strategy guide. If not here, we encourage ongoing learning elsewhere. Focus on betting strategy helps you engage in cautious betting, which in turn gives you the best chance to win. In any sport or game, winning cures everything.