Copa Libertadores Bitcoin Betting

Copa Libertadores Bitcoin betting is an exciting experience that can be a potentially profitable form of entertainment with the help of this GOSUBETTING guide. We will walk you through everything you need to know before you start betting so that you feel prepared when placing your bets. This guide includes information on the betting markets, how to get started betting with Bitcoin, and everything in between in detail.

The Copa Libertadores de América, officially known as the CONMEBOL Libertadores, is an annual club football competition organized by CONMEBOL since 1960. It represents the highest level of club football in South America. The tournament’s name honors the Libertadores, the leaders of the Latin American wars of independence, and translates to “Liberators of the Americas Cup.”

Evolution of the Tournament

The format of the Copa Libertadores has changed significantly over the years. In the beginning, only the champions of the South American leagues participated. In 1966, the runners-up were included, and in 1998, Mexican teams were invited, competing regularly from 2000 to 2016.

The tournament expanded from 20 to 32 teams in 2000. Today, there are at least four clubs from each country that participate, with Argentina and Brazil having the most representatives (six and seven clubs, respectively).

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Current Format

Currently, the tournament consists of eight stages, starting in late January. The first three stages are knockout rounds, and the four surviving teams join 28 others in the group stage. This stage features eight groups of four teams each. The top two teams from each group advance to the knockout stages, leading to the final in November. The Copa Libertadores winner qualifies for the FIFA Club World Cup and the Recopa Sudamericana.

Notable Achievements

Independiente from Argentina is the most successful club in Copa Libertadores history, with seven titles. Argentine clubs have gained the most victories, while Brazil has the largest number of winning teams, with 11 clubs having won the title. Overall, 26 clubs have won the cup, with 15 winning more than once and seven achieving one victory after another.

Historical Background

The concept of the continental competition came from the Copa Aldao confrontations between Argentina and Uruguay in the 1930s. Another championship that could be noted as leading to the creation of the Copa Libertadores was the South American Championship of Champions held in Chile in 1948 by the Chilean club Colo-Colo.

The one that took place in Santiago was for national league champions, and, from Brazil, the Vasco da Gama stood as the winner of the tournament. It was in 1958 that a group of directors at Peñarol planned the formation of what is today known as Copa Libertadores. Officially launched in 1959 and named in 1965 after South American liberators such as Simón Bolívar and José de San Martín.

Rules

Unlike most other international tournaments, the Copa Libertadores in the past didn’t go to extra time or the away goals rule. From 1960 to 1987, two-legged ties were decided based on points (2 for a win, 1 for a draw, 0 for a loss), with no consideration for goal difference. Goal difference was only applicable if the match was drawn, and the team with the most goals wins, in case of a draw in goal difference too, then a penalty shootout was used to determine the winner.

Starting in 2005, the away goals rule was introduced, except for the finals from 2008 onward, which used extra time. The “Three points for a win” standard, which FIFA introduced in 1995, was also used by CONMEBOL.

Tournament Structure

The current Copa Libertadores tournament features 47 clubs competing over a six- to eight-month period, divided into three stages: the first round, the second, and the third round of the knockout phase. The first stage has twelve clubs participate in two-leg playoffs and six teams move to play the second stage. The second stage has those six teams join 26 other clubs split into eight pools that comprise four teams.

Teams play a double round-robin format, with home and away games against each group member. The top two teams from each group move on to the knockout stage. The knockout stage consists of two-legged ties from the round of 16 through to the finals, culminating in the winner qualifying for the FIFA Club World Cup and the Recopa Sudamericana.

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Prizes

The Copa Libertadores trophy, also known simply as “la Copa,” is awarded to the winner. Designed by goldsmith Alberto de Gasperi, the top is sterling silver, except for the bronze football player coated in silver. The pedestal, made of hardwood plywood, features badges from each winner, including the season, full club name, city, and nation.

Any club winning three consecutive tournaments keeps the trophy. Estudiantes retained it after their third consecutive win in 1970, and Independiente did so after their third consecutive and fifth overall win in 1974. As of 2023, the prize money distribution is as follows:

• First Stage Elimination is $400,000
• Second Stage Elimination is $500,000
• Third Stage Elimination is $600,000
• Group Stage Participation is $3,000,000
• Group Stage Win is $300,000 per win
• Round of 16 is $1,250,000 per home match
• Quarter-finals is $1,700,000
• Semi-finals is $2,300,000
• Runners-up is $7,000,000
• Champions is $18,000,000

The “Sueño Libertador”

Since its start, the Copa Libertadores has been an integral part of South American culture. The phrase “Sueño Libertador” (Liberator Dream) is commonly used by sports journalists to describe the ambition of winning the Copa Libertadores. When a team is eliminated from the competition, it is said that the team has “awakened from the Liberator dream.” This journey usually begins after a club wins its national league, securing a spot in the next year’s Copa Libertadores.

Clubs often invest heavily to achieve their dreams. For instance, in 1998, Vasco da Gama spent $10 million to win the competition, and Palmeiras, managed by Luiz Felipe Scolari, invested in key players to win the 1999 Copa Libertadores. The tournament is highly esteemed among participants.

In 2010, players from Guadalajara preferred to play in the Copa Libertadores final over a friendly against the world champion Spain team and their national league matches. Similarly, after winning the 2010 Copa do Brasil, several Santos players chose to stay and compete in the 2011 Copa Libertadores, despite lucrative offers from European clubs like Chelsea and Lyon.

“La Copa se mira y no se toca”

Historically, the Copa Libertadores was dominated by clubs from nations with an Atlantic coast: Argentina, Brazil, and Uruguay. Olimpia of Paraguay broke this trend in 1979 by becoming the first team outside these nations to win the Copa Libertadores.

The first Pacific Coast club to reach the final was Universitario of Lima, Peru, in 1972, but they lost to Independiente of Argentina. This gave rise to the term “La Copa se mira y no se toca” which means – “The Cup is to be seen, not touched”, implying that Pacific coast teams could only admire the trophy but not win it. This myth persisted until Atletico Nacional of Medellín, Colombia, won the tournament in 1989, becoming the first Pacific coastline nation to claim the title.

Other Pacific coast winners include Colo-Colo of Chile in 1991, Once Caldas of Colombia in 2004, and LDU Quito of Ecuador in 2008. Atletico Nacional secured their second title in 2016. Colo-Colo’s triumph in 1991 introduced the new phrase “la Copa se mira y se toca” (The Cup is seen and touched) in Chile.

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Copa Libertadores Sponsorship

From 1997 to 2017, the Copa Libertadores had a single main sponsor for naming rights, starting with Toyota, followed by Banco Santander, and then Bridgestone. As of 2024, the tournament’s sponsors include:

Sponsors

• Amstel Brewery
• Coca-Cola
• Powerade
• Crypto.com
• Entain
• Bwin (Except Brazil)
• Sportingbet (Brazil only)
• EA Sports
• Hyundai
• Mapfre
• Mastercard
• Mercado Libre
• TCL Technology

Partners

• DHL
• Puma

Official Licensee

• Panini Group

Puma has been supplying the official match ball for all CONMEBOL competitions since 2024, ending a 20-year partnership with Nike. The Puma Cumbre is the official match ball for both the 2024 Copa Libertadores and Copa Sudamericana editions.

Key Dates for the 2024 Copa Libertadores

The 2024 Copa Libertadores is packed with exciting matches and critical phases. Here are the key dates for the upcoming tournament:

Preliminary Phase

• Draw: December 19, 2023
• Phase 1: February 6–8, 2024 (First Leg) and February 13–15, 2024 (Second Leg)
• Phase 2: February 20–22, 2024 (First Leg) and February 27–29, 2024 (Second Leg)
• Phase 3: March 5–7, 2024 (First Leg) and March 12–14, 2024 (Second Leg)

Group Stage

• Matchday 1: Week of April 2, 2024
• Matchday 2: Week of April 9, 2024
• Matchday 3: Week of April 23, 2024
• Matchday 4: Week of May 8, 2024
• Matchday 5: Week of May 15, 2024
• Matchday 6: Week of May 29, 2024

Knockout Stage

• Round of 16 First Leg: Week of August 14, 2024
• Round of 16 Second Leg: Week of August 21, 2024
• Quarterfinals First Leg: September 18–20, 2024
• Quarterfinals Second Leg: September 25–27, 2024
• Semifinals First Leg: October 23, 2024
• Semifinals Second Leg: October 30, 2024

Final:

• Grand Final: November 30, 2024

These dates show the stages of the tournament starting with the grouping stage, through the knockout stages culminating in the final. For detailed schedules, make sure to follow official announcements and coverage on reliable sports news sites.

Copa Libertadores Bitcoin Betting Markets

When Copa Libertadores Bitcoin betting, you will have a choice of a few different markets across various crypto sportsbooks. Here are some of the most popular betting markets you can explore:

Match Result

The Match Result market is probably the most simple type of bet. In this market, you place a bet on the result of the match, choosing between a win, draw, or tie. This is usually the first market that new bettors try out.

Over/Under Goals

In football, the Over/Under Goals market is a great way to add some excitement to your betting. The sportsbook will set a specific number of goals for a match, and you can bet on whether the actual number of goals scored will be higher (over) or lower (under) that number.

Both Teams to Score (BTTS)

In Both Teams to Score (BTTS) bets, you predict if both teams will manage to score at least one goal in a match. This bet doesn’t care about who wins or loses, it just wants to know if each team can hit the back of the net.

Correct Score

The Correct Score market involves predicting the exact final score of the match. This type of bet is a bit more challenging due to the precise nature of the prediction, but it also offers higher odds and potentially higher returns. 

First Goal Scorer

The First Goal Scorer market requires you to bet on which player will score the first goal in the match. This market is pretty popular among fans familiar with the players’ scoring habits and team strategies. 

Half-Time/Full-Time

In the Half-Time/Full-Time market, you place a bet on the result at both half-time and full-time. This market mixes two bets into one, predicting the outcome at the end of the first half and the final whistle. 

Asian Handicap

The Asian Handicap market is designed to level the playing field between two teams of different strengths. This type of bet involves giving a virtual advantage or disadvantage to one of the teams. 

Total Corners

In the Total Corners market, you can guess how many times the ball goes out of bounds in a football match. The sportsbook will give you a number, and you’ll bet if you think there will be more or fewer corners than that.

Double Chance

The Double Chance market allows you to bet on two of the three different outcomes in a match. This increases your chances of winning but usually comes with lower odds.

Draw No Bet

In the Draw No Bet market, you bet on either team to win, with the stake refunded if the match ends in a draw. This market reduces the risk associated with a draw. 

Player to be Carded

The Player to be Carded market involves betting on specific players to receive a yellow or red card during the match. This market is best for those who follow players’ disciplinary records closely. 

Total Team Goals

The Total Team Goals market is also a pretty straightforward bet as you can place a bet on how many goals a specific team will score in a match.

Tips for Newcomers to Copa Libertadores Bitcoin Betting

Copa Libertadores Bitcoin betting can be incredibly exciting, but it’s important to approach it wisely, especially if you’re new to cryptocurrency betting. Here are some tips to help you:

Understand Bitcoin and Its Volatility

• Learn about Bitcoin so that before you start, you’ve made sure you understand how Bitcoin works, including how to buy, store, and transfer it securely.
• Monitor the price changes as Bitcoin’s value can be highly volatile, which can affect your betting budget. Keep an eye on the exchange rate to avoid potential losses due to market fluctuations​​.

Take Advantage of Bonuses

• Welcome Bonuses and First Deposit Bonuses are your friends. Many sportsbooks offer welcome bonuses for new users. Read the terms and conditions carefully to understand wagering requirements.
• Ongoing promotions are helpful so keep an eye on ongoing promotions such as cashback offers, free bets, and deposit bonuses to maximize your betting value​.

Start with Smaller Bets

• Begin modestly and start with smaller bets to get comfortable with the platform and understand how Bitcoin betting works without risking too much.
• Increase your bets slowly so that as you gain more confidence and understanding you can increase the bet. This way, you don’t risk losing a large amount due to having a lack of understanding.

Diversify Your Bets

• Look at different markets and don’t just bet on match outcomes. Explore markets like over/under goals, both teams to score, correct score, and player-specific bets to diversify your betting strategy​​.
• Enjoy live Betting for more potentially profitable opportunities as the game progresses.

Stay Informed

• Stay updated on team news, player form, injuries, and other relevant factors that can influence the match outcomes.
• Follow expert analysis and tips by reading match previews and betting tips to make informed decisions.

Use a Secure Wallet

• Choose a reliable wallet and make sure that your Bitcoin wallet for your cryptocurrency storage is highly secure. Hardware wallets or, if not possible, software wallets that come with high levels of security are recommended to use.
• Enable Two-Factor Authentication to improve the account security of the wallet as well as the betting account.

Stick to a Budget

• Set a budget and take note of the money you are willing to risk. Have a limit to the amount of money that you want to spend. Always, remember never to risk more than you are willing to lose.
• Track your bets by keeping a record, including the amount you bet, odds, and outcomes, to monitor your betting performance and make changes as needed​​.

Be Aware of Fees

• Check transaction fees as while Bitcoin transactions often have lower fees, some betting sites might charge you for deposits or withdrawals. Always check the fee structure on your sportsbook.
• Bitcoin transaction fees can vary depending on network congestion. Try to make transactions during off-peak times to minimize fees.

By following these tips, you can enjoy your Bitcoin betting experience with the Copa Libertadores, making it not just enjoyable but potentially profitable too. Stay informed, bet responsibly, and always prioritize security.

Copa Libertadores Bitcoin Betting Steps

Betting on the Copa Libertadores with Bitcoin is pretty straightforward once you know what you are doing. Here’s a simple guide to help in getting you started:

Choose a Trusted Bitcoin Sportsbook

Choose a trustworthy crypto sportsbook recommended by GOSUBETTING that offers markets for the Copa Libertadores. Some popular options include:

• Sportsbet.io
• Stake
• BC.Game

Create an Account

1. Go to the Sportsbook Website: Head over to the chosen sportsbook’s website.
2. Sign Up: Click on the sign-up or register button.
3. Provide Details: Enter the details needed including your email address, username, and password. Some sites may require a phone number.
4. Verification: Complete any necessary verification steps (if any). Most crypto sportsbooks have minimal KYC (Know Your Customer) requirements compared to traditional ones​, some are even no KYC sportsbooks.

Deposit Bitcoin

1. Go to the Deposit Section: Head to the deposit or wallet section of your account.
2. Select Bitcoin: Choose Bitcoin as your deposit method.
3. Generate Wallet Address: The sportsbook will provide a unique Bitcoin wallet address.
4. Transfer Bitcoin: Open your Bitcoin wallet and send the amount you’d like to play with to the provided address. Make sure to consider any network fees.

Claim Bonuses

1. Check Promotions: Look for welcome bonuses or promotions that may need a code before you deposit.
2. Claim Bonus: Follow the instructions to claim your bonus, which may include depositing a minimum amount or betting a certain number of times.

Place Your Bets

1. Go to the Sports Betting Scetion: Head to the sports betting section and select football/soccer or the Copa Libertadores.
2. Choose a Market: Choose the specific market you want to bet on (e.g. match result, over/under, both teams to score).
3. Enter Stake: Enter the amount of Bitcoin you want to bet.
4. Confirm Bet: Review your bet and confirm. Your bet will be added to your bet slip.

Withdraw Winnings

1. Go to the Withdrawal Section: Head to the withdrawal or wallet section of your account.
2. Select Bitcoin: Choose Bitcoin as your withdrawal method.
3. Enter Wallet Address: Provide your personal Bitcoin wallet address.
4. Enter Amount: Choose the amount you want to withdraw.
5. Confirm Withdrawal: Confirm the transaction and wait for the Bitcoin to be transferred to your wallet. Withdrawal times can differ depending on the sportsbook and network congestion.

Similar Bitcoin Betting Tournaments

There are many other exciting football tournaments similar to the Copa Libertadores where you can bet using Bitcoin too. Here are some of the most notable ones:

• UEFA Champions League: The UEFA Champions League is Europe’s premier club competition as a result, it features the best teams from across the continent.
• CONCACAF Champions League: This tournament involves the top clubs from North America, Central America, and the Caribbean.
• AFC Champions League: The AFC Champions League is Asia’s premier club football competition, featuring top teams from across the continent.
• CAF Champions League: The CAF Champions League is Africa’s top club competition, featuring the best teams from across the continent.
• Copa Sudamericana: Often considered the secondary club competition in South America, the Copa Sudamericana features teams that do not qualify for the Copa Libertadores.
• Major League Soccer (MLS): The top professional football league in the United States and Canada.
• Serie A (Brazil): Brazil’s top football league, featuring some of the best clubs in South America.
• Argentine Primera División: The top professional football league in Argentina.
• English Premier League (EPL): One of the most popular and competitive football leagues in the world, featuring top clubs from England.
• La Liga (Spain): Spain’s top professional football league, known for its high level of competition and star players.

Frequently Asked Questions

• What is the Copa Libertadores? +
  The Copa Libertadores, officially known as the CONMEBOL Libertadores, is an annual club football competition organized by CONMEBOL since 1960. It is the highest level of club football in South America and is named to honor the leaders of the Latin American wars of independence.
• How do teams qualify for the Copa Libertadores? +
  Teams qualify for the Copa Libertadores by winning their respective national leagues or cups, or by finishing high in their domestic league standings. The exact qualification criteria can vary by country, but typically, the top-performing teams in each South American league earn spots in the tournament.
• How can I bet on Copa Libertadores using Bitcoin? +
  Choose one of GOSUBETTING’s recommended sportsbooks. Create an account, deposit Bitcoin, claim any bonuses, and go to the Copa Libertadores section to place your bets.
• Which club has won the most Copa Libertadores titles? +
  Independiente from Argentina is the most successful club, having won the tournament seven times. Argentine clubs have the most victories overall, while Brazil has the largest number of different winning teams.
• How did the Copa Libertadores get its name? +
  The Copa Libertadores is named after the Libertadores, the leaders of the Latin American wars of independence. The name translates to “Liberators of the Americas Cup” and honors historical figures such as Simón Bolívar and José de San Martín, who played key roles in the independence movements.
• What are the prize money details for the Copa Libertadores? +
  Prize money is substantial, with teams receiving $400,000 for first stage elimination, $500,000 for second stage, and increasing amounts up to $18,000,000 for the champions. Additional earnings include $300,000 per group stage win and various amounts for progressing through each knockout stage.
• What is the current format of the Copa Libertadores? +
  The tournament consists of eight stages, starting with knockout rounds in late January. The group stage includes 32 teams divided into eight groups of four. The top two teams from each group advance to the knockout stages, culminating in the final in November. The winner qualifies for the FIFA Club World Cup and the Recopa Sudamericana.
• What betting markets are available for Copa Libertadores matches? +
  Popular markets include match result, over/under goals, both teams to score, correct score, first goalscorer, half-time/full-time, Asian handicap, total corners, double chance, draw no bet, and player to be carded.
• What are the benefits of using Bitcoin for betting? +
  Bitcoin betting offers anonymity, fast transactions, and lower fees compared to traditional methods. It also provides enhanced privacy and often better bonus offers from sportsbooks.
• What are some tips for beginners in Bitcoin betting on Copa Libertadores? +
  Start with small bets, diversify your bets across different markets, stay informed about teams and players, use a secure Bitcoin wallet, and manage your bankroll carefully. Always be aware of Bitcoin’s volatility and check for transaction fees.

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