Housebets 101: How to start your journey into DeFi betting and crypto casino

João Victor Vasques

Jul 3, 2023 • 4 min read

Everything you need to know for a great experience on Housebets: Connect your web3 wallet, make deposits, unlock bonuses, explore the sportsbook, play casino games, mine rewards, and withdraw funds. Let the excitement begin!

Welcome to Housebets 101, your comprehensive guide to understanding and utilizing decentralized betting and casino gaming on the Housebets platform.

In this blog post, we will walk you through the process of getting started, making your first deposit, understanding the bonuses you can receive, placing bets, playing games, and making withdrawals.

Let's dive in!

Step 1: Connecting Your Web3 Wallet

To begin, you'll need to connect your preferred web3 wallet to Housebets. You have multiple options to choose from, including Metamask, WalletConnect, Fortmatic, or even by using your email.

Connect your wallet to Housebets landing page.

Choose your method to log in, and if it's a Web3 wallet sign the transaction and you are in!

Step 2: Making Your First Deposit

Once your web3 wallet is connected, navigate to the deposit section. Here, you can choose the token you want to use for your deposit, such as LFI, USDC, BTC, ETH, or USDT. Choose the currency you want to deposit, and what method you will use, Metamask, via Ethereum, or even with a credit card, and choose the amount you want to deposit, confirm the transaction, and now you have a loaded wallet!

If you need more help to make your first deposit we have this video to teach you: How to make your first deposit on Housebets

Step 2.1 Deposit Bonus

And it's important to note that your first three deposits on Housebets come with bonuses. The first deposit offers a 180% bonus, the second offers a 240% bonus, and the last deposit comes with an impressive 300% bonus.

Deposit Bonus banner, showing the minimum deposit to be eligible for the bonuses and how much bonus you receive per deposit. 180% on the first, 240% on the second, and 300% on the third.

To claim these bonuses, Housebets follows a formula where the bonus amount you can unlock is calculated based on your wager amount, the house edge, and 5%. This means the more you wager, the higher the bonus you can unlock.

If you want to read more about it go to this blog.

Step 3: Exploring the Sportsbook

Housebets offers a diverse range of sports to bet on, including soccer, tennis, basketball, and even esports like Dota 2 and League of Legends. Within each sport, you'll find various leagues to choose from.

Once you've selected the sport and league, you can place your bets by choosing the predicted outcome and the desired bet amount. When you click "Place Your Bet," your bet will be securely placed on the blockchain, and you'll receive a transaction ID (tx ID) as proof of your bet. If your prediction is correct, you're guaranteed a payout.

Step 4: Discovering the Casino Games

If you're in the mood for casino games, Housebets has got you covered. You'll find an extensive selection, including classics like roulette and blackjack, as well as popular titles like Sweet Bonanza, Dead or Wild, and crypto favorites such as Crash X, Turbo Mines, and Double Roll.

After choosing a game, simply select the amount you want to wager, and your balance will immediately reflect your gaming session. This real-time balance update allows you to keep track of your funds and cash out whenever you desire.

Step 5: Bet Mining and Rewards

Housebets has an exciting feature called Bet Mining. The more you wager on the platform, the more you can mine. By participating in Bet Mining, you earn LFI (the platform's native token) rewards. Visit the Bet Mining section to see how much LFI you can claim based on your wagering activity. Click "Claim," and the reward amount will be credited to your wallet instantly.

Additionally, Housebets hosts various competitions for users to enjoy. For example, the Race to Mars competition rewards participants based on their wagering activity throughout the month. This month, the top 50 competitors will receive $5,000 worth of LFI as a prize.

Learn more about it here.

Step 6: Withdrawing Your Funds

When you're ready to withdraw your funds, simply navigate to your wallet on the Housebets platform. Click on the "Withdraw" option and select the desired currency.

Specify the wallet address where you want to receive the funds and submit your withdrawal request. Within a few moments, the requested amount will be credited to your web3 wallet.

Conclusion

Congratulations on completing Housebets 101! We hope this guide has provided you with a comprehensive understanding of how to use Housebets for decentralized betting and casino gaming.

Remember, if you have any questions or need assistance, our support team is available on various social media channels, including TikTok, Instagram, Discord, Telegram, Reddit, and Bitcoin Talk.

Happy betting, gaming, and profiting on Housebets!