Since 2018, Americans have bet more than $65 million on sports. Experts predict that the sports betting market will only continue growing over the next decade by almost 40% annually. The NFL is one of the biggest focuses in America, but as more people become involved, having a diversity of sports and events becomes more appealing in a sportsbook.
The Bovada Sportsbook app is a newly redesigned version of an old desktop model that has transformed the betting industry. Whether you are just starting or have become part of the crowd that has invested millions into sports betting, you can benefit from learning more about this new app.
What are you waiting for? We have put together a complete guide on the Bovada Sportsbook mobile app, so keep reading for more information!
Getting Started With Online Sports Betting
Usually, sports betting is never an easy way to make consistent money, and if you go into it with that mindset, you may find yourself extremely frustrated and with a much lighter wallet than before. With that said, make sure you understand that sports betting is something fun and unique to get you more involved in your favorite teams and sports.
However, you can implement better betting strategies and start understanding the market more with a few helpful tips and tricks. Some states have options to physically walk in and place a bet on a sporting event. However, this process is tedious and requires legality in your state and your physical presence at an event.
Instead, many individuals are transitioning to sportsbooks and online betting platforms (more on that below). Online sports betting is more flexible, user-friendly, and fun! It works by a few simple steps:
- Sign up
- Fund your account
- Perform transactions
- Take out your winnings
Bonuses and promotions are widely seen in online sports betting and offer incentives for continued betting. Typically, the higher the rollover amount, the more bets you’ll need to place before you can withdraw that money.
Deposits vs Withdrawals
Deposits include using a credit card or cryptocurrency. Credit cards may accrue small service charges. Also, make sure you regularly check your account for fraud or suspicious activity.
Sometimes, the betting platform will come across as a different name on your statement, so make sure you verify with the company on your initial transaction. Cryptocurrency operates differently, and you should not see service charges and other fees commonly seen with credit cards.
Withdrawing money with an online platform works differently than a simple deposit. You don’t want multiple betting platforms where you deposit and withdraw money frequently. Many sites provide incentives and store credits if you keep your money with them.
Find a reputable site you enjoy and stick with it. Once you have accrued cash you wish to withdraw, you will likely need to fill out a form and wait a few days for the money. Sometimes, you may have fees that will be deducted, and you won’t receive promotions or bonuses unless you have reached the required rollover amount.
Cryptocurrency and Sports Betting
Sports betting websites are one of the first places that have taken to cryptocurrency. Bitcoin is the most popular cryptocurrency, and most betting sites accept it. However, sites like Bovada do not directly store your Bitcoin.
Instead, you continue holding onto your crypto through a digital wallet. Digital wallets could be software, downloads, or hard drives.
Once you transfer your Bitcoin or another cryptocurrency, the website converts it into equivalent USD. Next, you’ll be given digital chips that are essentially your betting currency at that point.
Why don’t betting sites store crypto?
The main (and likely only) reason they don’t store crypto is the risk of cyberattacks. If they started acting as digital wallets and exchange sites, it would increase the appeal for outsiders to hack and steal crypto. They would also need additional safety and security regulations, as Coinbase uses.
Once you want a crypto withdrawal, you will start the same steps for standard USD withdrawals. Your chips will convert into the initially assigned USD and be deposited into your account.
You will receive a prompt for your crypto wallet address. Once you have copied and pasted the address, the withdrawal will initiate, which can happen immediately or within 30 minutes. The money converts back into Bitcoin or another approved cryptocurrency.
Credit Card vs Crypto
What are some of the pros and cons of choosing crypto over a credit card? First, transactions are exponentially faster than depositing and withdrawing from a credit card.
Depending on the network and the number of transactions happening, withdrawals and deposits can occur within minutes. Additionally, many platforms provide greater bonuses and promotions for cryptocurrency.
While this is a slippery slope, you could make more money off bonuses through crypto than traditional currency. Since it is not federally regulated, this means no more phone calls or canceled transactions from bank accounts.
Removing third-party verifications has its risks, but it makes seamless transactions, which is why many sites have now offered it. Most sites offer higher deposits and withdrawals with crypto, and you don’t have to worry about extreme volatility.
Once you convert Bitcoin into chips, your USD rate is set. Even if Bitcoin plummets, you can rest assured that your money is currently held at a standardized rate.
On the flip side, eliminating the middle man (e.g., banks) means you are accountable for all your transactions. If you want your Bitcoin back, you’ll need participation from the other side. This means more permanent transactions and potentially riskier investments.
Your digital wallet is left in your keep, and you accrue the risk of having it hacked and stolen. So, before you get started with crypto, make sure you have a reliable digital wallet, check your sportsbook platform, and review transaction fees.
What Is a Sportsbook?
Are you new to the sports betting field or just trying to understand the industry better and gain more knowledge for your betting strategy? Let’s start with what a sportsbook is.
At its core – a sportsbook entails a company with a betting platform. Not every sportsbook is legal, and some don’t have licenses. Bovada has betting line restrictions in these five states:
- New Jersey
- New York
Outside of these states, any user (21 years of age or older) can access Bovada sports betting. Before 2018, sportsbook legality was mainly in Nevada, but changes at the federal level have made it much more available to the majority of the country.
How does a sportsbook function?
They act as the middle man and accept bets on either side of a game, match, or sporting event. Ultimately, most sportsbooks have differences in wagers and winnings, which helps these companies generate a long-term income and continue offering their services.
How To Choose a Sportsbook
First, make sure a sportsbook is legal in the area you live in. Check with local jurisdiction and laws if you are unsure. Next, here are some other key aspects you should check with your sportsbook:
- Sportsbook odds
For example, if you are a big horse racing fan, but the sportsbook you have an interest in doesn’t offer a large horse racing market, it may not be worth your while. Ultimately, you want a sportsbook that offers events you enjoy betting on and is easy to use. Match up the sportsbook’s odds with other similar sites.
Understanding Betting Options
There are many bet types, and once you understand the different kinds, you can better pick a mobile sports betting app. Even if you are a skilled sports bettor, it helps you understand the different bet types to find a sportsbook that best fits your style. Here are some standard terms you might come across:
- Moneyline betting
- Point spread betting
- Asian handicaps
- Total points betting
- Future bets
- Parlay bets
- Players proposition bets
- Live betting
One of the reasons Bovada has become a top sportsbook platform is its live betting. This betting version can be more exciting since you can bet as the game, event, or match continues. The benefit is you can make new wagers or completely change directions as new information comes to light.
A future bet is another popular type that is one of the most basic forms of betting: predicting outcomes. Parlay bets are also highly used but come with a word of caution. Parlay bets include two or more selections and require all of your selections to win.
If you lose one, you lose all, and it becomes a quick way for you to lose most (or all) of your money.
What Is the Bovada Sportsbook App?
The Bovada Sportsbook app is a trusted online gambling website with over 20 years of experience. It is available for residents in the United States. They offer a wide selection of sports betting platforms, such as:
- Sports betting
- Casino games
- Horse racing
The Sportsbook app gives you access to world-class sports at the touch of a button. You can find Bovada sports betting options with various athletic events, including:
- NASCAR racing
In addition to the sports listed above, you also have access to more international-friendly and popular ones. Do you have an interest in rugby? You can find it on the Bovada sportsbook!
Other Bovada sports include table tennis, soccer, cricket, and volleyball. Lesser-known sports aren’t the only thing that Bovada thrives on. Different betting options, including live betting, appeal to people who prefer unique betting types.
Mobile App or Website?
How does this work? Bovada uses an online mobile website for user-friendly access and options rather than a specific app. While this may seem confusing given its name, the Bovada mobile sportsbook is highly responsive and accessible, just like an app.
Better yet, you don’t have to download anything, and it works on different mobile browsers and smartphones. The benefit of a mobile browser is:
- No downloads
- Less storage space
- Better flexibility
- Available on multiple devices
Some apps are only on Apple devices and neglect Android, but you don’t have to worry about finding a compatible app now. Keep in mind – you won’t have some of the features that a downloaded app would have, such as push notifications.
Now, all you need is an account, and you are ready to start cracking your knuckles and getting ready for the real fun.
How To Sign Up
Bovada’s website is easy to navigate from a desktop, but it wasn’t very accessible for the thousands of sports betters who wanted a mobile-friendly website. With newly redesigned features, design-face, and extensive payment selections, Bovada quickly shot up the ranks of mobile betting platforms.
First, use your smartphone or tablet and go to the Bovada website on your browser. You don’t have to worry about selecting anything that will make it user-friendly for your smartphone display – Bovada does this automatically. Once on the website, you can click ‘join,’ and it will prompt you with a series of questions and information needed, such as:
- First name
- Last name
- Date of birth
- Mobile number
You will also receive a prompt confirming you are at the legal age for gambling. Once you register, you are good to go!
Promo Codes and Bonuses
Bovada mobile sportsbook offers plenty of sign-on bonuses and promotions with continued use. For starters, the welcome bonus doesn’t require any special promotion code, and you will receive $250 with a minimum deposit of $20. Here you can read the full explanation of the $250 Bovada Welcome Bonus and how to win it.
If you are more interested in Bitcoin than standard USD, Bovada has options for that too. Using Sports Welcome Bonus, you can receive the equivalent of $750 in Bitcoin with a $20 deposit. Bovada bonus rollovers include 5x on sports and horse betting.
Is casino betting more your cup of tea? You can enjoy a $3,000 to $3,750 welcome bonus in Bitcoin with a $20 Bitcoin equivalent deposit. However, it has a bit higher rollover rate than the sports bonus welcome package.
In addition to promo codes and bonuses, Bovada also offers promotions if you refer a friend. This is often bigger than the sign-up bonus, so if you end up enjoying the mobile app, be sure and refer another sports betting friend!
Bovada Payment Options
One of the main reason sports betters are drawn to Bovada is its flexible and diverse payment options. The main methods of payment on the Bovada sportsbook app are:
- Money transfer
- Rapid transfer
While Visa was the most commonly used payment form, Bitcoin was approved on Bovada’s site in 2016 and is quickly rising in the ranks. If you already have a Bitcoin wallet, this is the most obvious transaction form on Bovada since it is one of the most reliable cryptocurrency sportsbooks out there.
Diverse payment options aren’t the only incentive Bovada has compared to other sportsbook apps. They also provide quicker and more reliable transfers compared to other sites, along with one free check withdrawal each month. Bank wires and individual-to-individual exchanges are also offered.
If you have questions regarding your money, Bovada provides 24/7 support and responds quickly to emails and phone messages. Rather than waiting on hold for your entire day or waiting weeks for an email response, Bovada prides itself on quick customer support.
Bovada Casino and Poker Games
Bovada has a plethora of sports betting options, and some might argue that casino games fall under this classification. However, Bovada’s casino play deserves its own review. With the updated mobile app interface, you can select various casino games, including:
- Live dealer
- And more!
Bovada has a ‘Quick Tour’ option for new users and offers plenty of different games that appeal to a vast crowd. Rather than download an app for Texas Hold’em, you can simply load it on the mobile version and start playing with real money.
One of the most remarkable features Bovada has on their poker games is an anonymous feature. Seasoned poker players won’t target newbies, and the Quick Seat feature lets you immediately sit in on an open table.
Bovada Dual Lines
Bovada appeals to new and seasoned bettors alike because of this one distinguishing feature: Dual Lines. Otherwise known as sharp lines, seasoned bettors have the option of greater challenges and odds. If your previous betting and performance confirm this, you will start gaining access to greater betting odds.
Additionally, beginner bettors can tell if they are up against Dual Lines by checking their browser while on incognito mode. While controversial on fairness, it does give Bovada more competitive features.
What Sports To Bet On?
Bovada has an extensive selection of American and international sports that you can pick from, in addition to multiple platforms within major organizations such as the NFL and NBA. In the United States, American football is the most bet on sport, and Bovada has geared its focus to many different betting options within.
However, if you prefer individual sports betting or love statistics, consider betting on tennis or baseball. Bovada has also taken to eSports, which have gained popularity in recent years in the sports betting industry.
Esports is a great sport to bet on because it appeals to an entirely new market and industry that loves competitive gaming. At its core – eSports are virtual gaming events played at highly competitive levels. They can be a team or individual events and follows many of the same rules that traditional sports betting follows.
Whatever your interest is, Bovada has an expansive range that appeals to multiple crowds, including the up-and-coming gaming industry.
Can You Make Money on Bovada?
The Bovada mobile sportsbook gives you an edge when it comes to making money in sports betting. However, sports betting is a skill that requires practice, mastering the basics, and constant learning.
How can you make money on online sites such as the Bovada sportsbook app?
- Study wagers
- Get on daily
- Learn to analyze
- Study numbers
Recreational gamblers are likely not winning as much as sharp bettors who have a strong background in math, statistics, and finance. However, even recreational gamblers can follow a few basic rules and bet conservatively to make money. It may not be a substantial income, but it can still be fun and help you find new hobbies.
Sports Live Betting
Live betting is a fast-paced and exhilarating type of sports betting. Bovada sports highly emphasize this mobile and desktop feature and gives users a chance to change and adjust their best on the go. Bovada’s easy-to-read interface makes it simple for you to identify your odds.
This will pop up as green or red arrows, and during a live event, and it will change within seconds, making it one of the most responsive mobile apps.
Sports Betting Tips and Tricks
Sports betting requires analysis, statistics, and learning about investments and markets. Here are some things you should not do when starting sports betting:
- Bet money you don’t have
- Pay for picks
- Follow social media sports picks groups
- Buy sports betting platforms
- Stay involved for the short-term
- Skip educating yourself
- Ignoring tracking
- Only follow major markets
Sports betting is a skill and while platforms like Bovada can help make it easier, you should head into sports betting with an eye for the long-term. Even highly skilled sports bettors are continuously learning and watching markets.
Now that you have read a few things you shouldn’t do, here are some helpful tips on boosting your success:
- Study investments
- Learn statistics
- Build betting models
- Beat closing lines
- Study new markets
- Adjust once you lose an edge
- Stay calm
- Re-invest profits
You should never rely on one income and risk money you need for living. Professional sports bettors also never rely on parlays and consider their betting models carefully!
Improve Your Sports Betting Odds
Bovada is an excellent choice for all sports betting skill levels. The Bovada sportsbook app has made it even easier for users to access their sports bets from their mobile phones or laptop. With dozens of different sports you can bet on, it may seem intimidating to know what betting strategy or sport you should bet on.
Underdog Chance not only has the most up-to-date information on all news related to sports betting, but we also have free courses that can improve your sports betting. Are you interested? Check out our website and sign up today to get started!