Guide to eSports Betting with Litecoin

Learn all about how to wager at the best Litecoin esports betting websites

You like to play some DOTA 2, or maybe you are into Counter-Strike. Watching your favourite players compete for honours is exciting. You can add to that excitement if you do some Esports betting with Litecoin during the big match!

Our Wetten.com crew will take you through online sports betting with Litecoin, including your most-loved Esports. If you’re a crypto holder, which is most likely, then this guide will get you going. We’ll tell you all about Litecoin and what to look for in your Litecoin bookie.

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Why should you read this guide?

We’ll start by just telling you that crypto is the future of gambling. There are numerous benefits to using crypto over other payment methods, and this guide will tell you a bit about how Litecoin operates. You’ll find this guide very helpful if you’re a crypto enthusiast looking at getting into Esports betting. Litecoin has tended to be overshadowed by its bigger brothers Bitcoin and Ethereum, but many investors still hold it as it provides lots of stability.

Now, it can also serve as a payment method for gambling, giving it even more merit as a crypto asset. If you’re new to Esports betting, this is excellent reading for beginners as it will introduce you to using Litecoin as a preferred payment method for depositing and getting payouts. Even experienced gamblers, who are new to using Litecoin, or any crypto, should listen. Esports betting with Litecoin is more prominent than you think, and you would be pleasantly surprised about what Litecoin can bring to the table if you use it.

Where did Litecoin come from?

Litecoin is a relatively old cryptocurrency, started way back in 2011 by Charles “Charlie Lite” Lee, a former Google engineer. Lee used the Bitcoin open-source code to create Litecoin. In his words, he was playing around with the Bitcoin code, and he saw Litecoin as a fun little side-project. At first, Litecoin offered quite intense competition to the more famous Bitcoin. However, when the cryptocurrency market grew in popularity, it became lost in the woods among thousands of other altcoins on offer, some with solid meme value. You can just think of the many Dogecoin sports betting sites on the market to see how memes could influence an altcoin. There are 84 million Litecoin in circulation, which are still being mined. It shares this similarity with Bitcoin, which has a fixed number of units available (Bitcoin is pegged at 21 million).

Litecoin has been seen as a stable type of altcoin, not growing as an investment with the potential of Ethereum or even Bitcoin but providing more stability than the volatility of the other two. Litecoin offers a great payment method option for Esports betting. Most Esports fans are familiar with blockchain technology and hold crypto, which gives it a good start in this field. The speed of payments, especially payouts, makes it attractive to Esports fans and the next to zero fees on offer for transfers is another massive benefit.

How do we rate operators? Five things to look at

When we look at an operator that offers Esports betting with Litecoin, they must pass a certain standard. We are kind of picky when it comes to bookies. We are paid to be sticklers, so we enjoy doing it. We tick certain boxes when evaluating a bookie; call it a checklist, if you will. Some boxes must be checked before we recommend any sportsbook operator. We think you’ll need this list if you are to find the best Litecoin betting sites available in Canada. Let’s dive right in.

Is the customer service up to scratch?

As with everything in life, great after-sales service is key to keeping a customer happy. It’s also very true when it comes to Esports bookies. Imagine a scenario where you watch your favourite StarCraft II streamers go at it, and you want to place a bet in the heat of the moment. Now, suddenly, the platform won’t accept your Ethereum deposit. You need a fix ASAP. You needed it done yesterday. But the bookie only offers a ticket system with a 48-hour turnaround time. That simply won’t do, will it? We want direct phone numbers, email addresses, and possibly even a live chat feature (with an actual human consultant, please!). And we want support available when the game is being played; It won’t help if the match is on the weekend, and you only get help from Monday to Friday. When using Litecoin for sports betting, you need spectacular service.

How about user reviews?

Usually, the first thing you do when you want to buy a BlueTooth speaker or a new car is to go and look at the reviews of the product. The same goes for a sportsbook. We’ve seen that if you take multiple reviews and look at them as a whole, you’ll get an accurate indication of how the betting experience will be on the platform. When you look for an operator for Esports betting with Litecoin, it won’t do any harm to go and read some reviews. However, you need to keep an open mind when reading reviews as they are based on the person’s experience. One bad review does not mean that an operator is rubbish. You need to go and look at several to get a clear picture of what’s happening.

Does the bookie offer bonuses?

If you start with a new bookie, we would like to see a substantial welcome offer for new customers. Better yet, the bonus is also applicable to players making deposits with Litecoin. These bonuses come in many shapes and sizes, the most popular being the deposit match bonus. Here, the bookie will match your first deposit up to a certain amount and give you 100% of the deposit as bonus funds that you can use to book on your favourite Esports. It needs to be said that we scrutinize the wagering requirements of these bonuses in detail. If these wagering requirements are too high or too complex, they are not friendly to beginners. Esports betting with Litecoin should be available to novice players, and a welcome offer should, in principle, be straightforward to understand for any noobs.

What are the payment methods available?

If you want to use Litecoin as a payment method, the bookie should support Litecoin as a payment method. However, there could come a time when you would like to use a different form of crypto or even an eWallet to fund your account. That’s why we look at the payment methods in detail and see the times and fees associated with each payment option. We feel that the more payment methods available to the player, the better score we’ll give the operator. Even better if the operator offers support for other cryptocurrencies, not just Litecoin. Most Litecoin holders also probably have some Ethereum and Bitcoin in their wallets which they would like to be able to use. We’ve seen many Bitcoin sports betting sites also offer Ethereum and Litecoin as payment options.

Is the operator a safety concern?

When gambling with crypto, you need to look for scammers. Unfortunately, it is a reality in our time, and there are hundreds of scammers running around trying to trick you out of your Litecoin. That’s why you should only trust a reputable operator with an official licence from a trusted regulating authority. If the operator does not possess any type of licence, we would immediately stay away and urge you to take your Litecoin elsewhere, or you’ll most likely never get it back again. Esports betting with Litecoin can be unsafe if you don’t go with a respected bookie that can show the proper papers and provide players with safety measures. Stick with us to show you the trusted and safe operators.

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What’s your poison? 

There might be a few bookies that offer Esports betting with Litecoin, but you still don’t know how to choose between the few who have passed the checklist. Here, your personality will come into play, and you should make a more personal choice about the right bookie.

Do they like some other sports?

You may be a massive gaming fan, and you love your Esports. However, this doesn’t mean that you don’t like more conventional sports such as ice hockey or rugby. If you’re a fan of all things sports, you might want to look for a bookie that offers a normal sportsbook with your favourite sports in conjunction with the Esports.  You won’t have to shop for your normal sports betting at another bookie, and you can keep it all in one place. You won’t have to look for another sports betting site that accepts Litecoin as you know the one you’ve already chosen is trusted and safe.

Are there any live betting options?

Many bettors like the excitement of being able to place bets during a live event. If this tickles your fancy, you need to see if the operator offers live betting as an option. If there is no such option, you will likely be disappointed and lose interest in the bookie. Live betting offers unrivalled excitement, which you should include in your checklist. Esports betting with Litecoin can become a real pleasure when you can place bets in real-time while the players duke it out on the stream.

Five tips for Esports betting with Litecoin  

You’ve finally found that perfect bookie. The one that makes you feel all warm and fuzzy inside. It’s got all the safety measures you want, the customer service is top-notch, and they accept Litecoin as payment! Best of all, they not only have an Esports option, but they also have a casino! It’s a thing as the best Litecoin casino would have all these things on offer. Before you start, just read through our five tips.

Always stick to a budget

Gambling with crypto could become a slippery slope if you don’t keep your wits about you. We say this because some might not see cryptocurrency as real cash, and then it could lose its value in the mind of the players. The cryptocurrency could almost be reduced to a virtual currency, similar to those you see used at a social casino. If you don’t see your Litecoin as an asset with value, you’re in danger of using it frivolously and spending too much of it at once. We’ve seen this lead to players blowing their whole stash of crypto without even thinking twice. You need to keep to a strict budget when gambling with Litecoin, or any crypto, as it is an asset with real money value.

If there is a bonus on offer, take advantage

Some players may not like using bonuses and are skeptical about their intentions. We understand this, but we still suggest you give bonuses the time of day they deserve. When Esports betting with Litecoin, you could benefit from a bonus if you know what you’re doing. It’s essential to go and read the rules of the bonus and understand the wagering requirements. If you follow these steps, we can’t see any problems activating a bonus. Look to see if you have enough time to satisfy the wagering requirements with the matches’ fixtures. If you’re comfortable, go for it and activate a few bonuses. They could give you that initial boost and introduce you to the platform. The best Ethereum betting sites, just like Litecoin sites, will allow you to use bonuses. 

Join the online community

To enjoy Esports even more, join some online communities or a forum where you can chat with other bettors. Trust us, next to Wetten.com, it’s probably where you’ll find the best advice from more experienced players who have done the betting thing for a long time. Here you could get some more tips on using Litecoin as a payment method and exchange betting strategies. You can also discuss upcoming games and get insights from others on the possible outcomes. We also suggest that you follow some influential social media Esports personalities to get their take on the next big fixture. Who knows: you’ll most likely meet new friends while Esports betting with Litecoin. 

Always do your research

It’s always better to try and give yourself the best possible chance at winning a bet. How do you do this? By doing research, of course! Just like you would research your favourite teams and players before online sports betting with Litecoin, you should do the same thing with Esports. Follow all the social media accounts of pundits and players to see what’s happening. Check YouTube channels to analyze players’ performances and get info on upcoming matches. Placing bets is always a game of chance. However, if you make an informed bet, you’ll give yourself a better chance. At least you know that if you lose, you made an effort. It will also lead to you becoming an expert in the field of Esports and give you more experience you can draw on for your next bet. 

Try a new genre

While you are betting on first-person shooter games, try to pick up another genre simultaneously. If you’ve never tried a strategy or role-playing game, we suggest you try them. It won’t just stimulate your creative juices, but you can then also start betting on other Esports. Eventually, you’ll get bored of the same game or want to take a break from it. Then it’s the perfect time to begin betting on a new game, be it DOTA 2 or League of Legends. Trying something for the first time is always exciting. 

Esports betting and Litecoin – a match made in heaven

Litecoin is such a versatile and stable altcoin that we love using it for all sorts of things, our favourite being Esports gambling. Making deposits and getting payouts with Litecoin is so fast and cheap that it is the perfect companion to your Esports betting life. Always remember that we have many reviews on Esports operators and various payment methods on the Wetten.com website. You can always refer to these to assist you and help you navigate the exciting world of Esports betting and even sports betting. Our crew thinks that Litecoin is a solid option as a payment method if you like to gamble with your cryptocurrency.

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Esports betting with Litecoin FAQ 

✋Can I gamble on Esports in Canada?

Online gambling is legal in Canada; every province legislates and regulates how it functions. Numerous operators are available to Canadians, and some offer an Esports option. Some even focus mainly on Esports. Our reviews and guides will tell you more about the Esports operators.

❓Where can I get Litecoin?

There are several options for how you can get your hands on Litecoin. We deal with this process in our reviews. You will most likely have to be verified first before being able to buy any cryptocurrency, as we discuss in our guides.

🎰Is Litecoin better than Ethereum for gambling?

Both Litecoin and Ethereum are great choices for depositing and withdrawing when sports betting. However, they are not the same, and some differences exist. You find an explanation of each of these with their pros and cons on our website.

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