Category: Betting

The gambling industry has been through some radical changes over the last decade, especially with everything seeming to have shifted from desktop over to mobile and tablet. The online gambling market is predicted to be worth just under $60 billion USD by 2020, and with mobile gaming still booming, it has allowed other types of gaming to prosper too. One of those is crypto casinos, so what does the future hold for these?

There’s still unquestionably a lack of platforms that have been developed and licensed by reputable companies to enable cryptocurrency-based iGaming to take off and be truly recognised. Industry leaders such as mFortune Mobile Casino and Mr Green are still yet to accept crypto wagering across any of their services. This could be put down to the technological restraints applied due to their platforms being designed to deal exclusively with fiat currency, or a reluctance to spearhead the movement and undergo the necessary changes when it comes to incorporating blockchain-based requirements.

One of the stand out issues with crypto casinos is that they are unregulated as they have been since their earliest roots in the provably fair crypto dice gambling sites initially popular with players. Many of these operators will suggest that as they’re provably fair, there’s no requirement for regulation in the first place. Furthermore, many are also hinting at the fact that a need for regulation would see barriers in place if they wanted to break into the mainstream market. However, regulation is there to protect the players at these online and mobile casinos, especially those who may go on to develop a gambling problem. The consumer trusts regulated markets more, hence the lack of popularity where crypto-based iGaming is concerned.

It can be a win win situation for all involved if crypto casinos look to embrace a more transparent and ethical approach. By crypto-based casinos complying with regulations, players will immediately be protected from cyber crime such as fraud and identity theft, and in turn the operator would see more players using their service making them ultimately more profitable.

If a crypto casino operator was to work hand in hand with the authorities and regulators it would see them benefit in numerous ways. They’d have access to the full gambling market, they would no doubt be more credible, and this is vital within the industry. In addition, these crypto operators could secure partnerships with various exchanges, whilst having access to banking services and payment providers as well as partnerships with affiliate and media networks too.

Edgeless were the first blockchain based casino to receive a casino license after being approved by the relevant authorities and it’s been imperative for their growth. It was a big step for blockchain based operators and an indication that this is indeed the path to follow. It will be interesting to see if any of the industry’s more established names are willing to adopt cryptocurrency as a payment method, embracing blockchain technology in the process. It will certainly be a sign that things are set to change once again, in an industry which is constantly evolving.

The benefits of using cryptocurrencies are self explanatory, not only do you have the ability to move funds around anonymously and in a highly secure way, but when it comes to playing games such as poker online, all digital currency using poker players do get paid out their winnings quickly and easily, too.

That is, of course, if you make the wise decision of playing at a poker site that offers rapid winning payouts, which is fortunately something that many of them do.

However, if you haven’t yet signed up to a cryptocurrency accepting poker site then allow me to give you an insight and overview of what they are going to be offering you.

All Poker Game Variants Available

The one question that any first time and inexperienced poker player who wishes to use cryptocurrencies as their preferred payment method is going to want to know the answer to, is just which variants are available online.

Well it is all down to just which poker site you decide to sign up to and play at, for some of them will offer the standard poker games such as Omaha Poker and Texas Hold’em Poker.

But by making the decision of signing up to a poker site such as those that use their own proprietary software, you are going to find a huge range of different poker games which include the standard variants but plenty of other such as H.O.R.S.E Poker and Razz Poker games too.

Better Paying Cryptocurrency Poker Tournaments

Whilst most players are happy to play cash ring poker games when depositing using cryptocurrencies, more and more players do enjoy setting down to take their chances in one of the never ending range of online poker tournaments.

When it comes to getting the best chances of winning a poker tournament, well your skill and abilities when playing do play an important part in your chances of winning one of the cash prizes on offer.

However, do also keep in mind that the much busier cryptocurrency poker sites will offer their players a huge daily schedule of poker tournaments, many of which will be offering you guaranteed prizes.

Therefore no matter how many entrants there are into a guaranteed poker tournament, the cash prizes will not be lowered in value if only a small number of entrants register and take part in them.

So look out for those that are in play at the quieter times of the day or night, as you may find they are not as busy as at other times of the day or night, therefore increasing your overall winning chances.

In fact, most cryptocurrency accepting poker sites will also offer a range of freeroll poker tournaments to their customers, and as such you will be able to register and play in such tournaments without having to pay an entry fee to take part in them.

Try Out Several Cryptocurrency Poker Sites

If you have set yourself up with a digital currency wallet and have purchased a supply of any of the major digital currencies such as Bitcoin or Ethereum, for example, and are itching to put them to use playing poker online, then I would advise you to initially take a step back.

By doing so you can then take a look around the web and compare just what each different poker site is going to be offering you by way of their poker game variants and their poker tournaments, too.

There is no harm in signing up to several different poker sites that accept Bitcoin or any other cryptocurrencies and logging into your account and sampling their free play poker tables.

In fact, by doing so you are then going to get a good feel for the way the poker platforms and software work and operate at those sites, and once you have done so at several different sites you are bound to find one that you prefer playing at.

Don’t Forget Your New Play Poker Bonuses

All online and mobile poker sites and apps are going to be offering you a range of incentives to sign up and give their respective sites a try.

Therefore to give the value of your bankroll a boost, and often a considerable boost in value too, consider making use of some of the high valued welcome bonus offers that new poker players have access to.

Just be aware though, that to ensure you get a fair chance of winning with any such bonuses you have claimed, you will need to read through and fully understand the terms and conditions that are always attached to such promotional offers, to ensure that they are giving you a fair chance of winning and now simply tying up your deposits in high play through requirements and the like.

Over the years there have been some market sectors that have proven to be perfect for using Bitcoin, and one that does instantly spring to mind is online and mobile gambling.

As it is possible to purchase Bitcoin so easily, and then transfer it to any of the many Bitcoin casinos, in most cases anonymously too, more and more gamblers have chosen to get a digital wallet and use it to store their gambling budgets on the blockchain in a safe and secure way.

Not only can gamblers as good as instantly transfer their Bitcoin into casino sites, but of course the operators and owners of those sites can also pay out their winning players rapidly too, and that is another reason many casino game players do now much prefer using Bitcoin as their preferred deposit and withdrawal option.

There are plenty of other reasons why Bitcoin casinos have been increasing in number and as to why they have proven to be hugely popular with casino game players, and below I will take a look at some additional reasons why you may be interested in using that digital currency as a gambling site payment option too.

Benefits of Playing at Bitcoin Casinos

If you do fancy giving an online casino site a try and you want to make deposits and get paid out your winnings in Bitcoin too then Thunderbolt Casino is an ideal one for you to check out.

That casino site offers a huge and impressive suite of casino games of every possible description and type, but what they do also offer, like all other Bitcoin accepting casino sites, are certified and provably fair games too.

So no matter which game or games that you enjoy playing the most you are always going to have the peace of mind in knowing that above all else the games you will be playing are completely random and fair.

Being able to play casino games for stake levels that players are comfortable with is something more people are eager to do, for there are a number of casino sites out there that will force you to have to set their casino games to play for a high stake level, rather than smaller stake amounts.

Bonuses are all part and parcel of an online casino players life these days, and at sites that do accept Bitcoin you are going to find new player sign up bonuses, reload and ongoing bonuses and a range of daily promotional offers too, so locking in playing value is something else players can always be assured of too.

Games Available at Bitcoin Casinos

If you haven’t yet played at any Bitcoin casinos and are wondering just what type of games are going to be on offer to you at such sites, be aware that every conceivable type of game are going to be one click of your mouse or one tap of your mobile devices screen away at such sites.

Games that offer players the chance of winning a huge progressive jackpot will be available at such sites, every type of slot machine and each established and also new variant of games such as blackjack and video poker will also be on offer at such sites.

There will also be a good mix of table games such as Craps and Roulette and Baccarat and casino poker card games are also some of the most played and most popular games at all Bitcoin casino sites too.

Withdraw Bitcoin Casino Winnings in Cash at an ATM

The standard way that Bitcoin users are going to be able to turn their Bitcoin holdings into cash is by making use of what is known as a digital currency exchange, however when using one of those exchanges there could be a day or two delay or in some cases even longer regarding getting your payment sent out to you.

There is another way that casino game players especially are going to find appealing as to getting paid out their Bitcoin casino winnings in cash, and that is by using one of the many Bitcoin ATM’s dotted around the globe.

By using one of those ATM’s you can instantly turn your Bitcoin and often any other cryptocurrencies into cold hard cash on the spot, so when you do win playing casino games online and have been paid out your Bitcoin you will never have very long to wait until you have those winnings in cash in your hand when using one of those ATM’s.

Gamblers the world over have been embracing the digital currency that is Bitcoin over the last few years, and there are many reasons as to why that cryptocurrency has become the most utilized and most popular one with people wishing to gamble online.

The fact that it is possible to make deposits and also get paid out your winnings anonymously, with no limits and also as good as instantly are just three reasons what you may be tempted to use Bitcoin yourself.

If so then there are a few things you will initially need to be aware of regarding being able to use Bitcoin to gamble online with, and the first is that you will need to get a digital wallet, as that is the key to you accessing any Bitcoin you have stored on the blockchain.

Next, you will need to actually purchase some Bitcoin, and to do so quickly and efficiently you can make use of an online digital currency exchange, or you could actually purchase a supply instantly and in cash at one of the many Bitcoin ATM’s that are available around the world too.

Make sure that you keep your log in, access and digital wallet restore details safely stored offline, as that way should you ever lose, damage or misplace the device you have your digital wallet downloaded on, you are still going to have access to your Bitcoin.

Never be too daunted about trying to get your head around how the Bitcoin blockchain works and operates, for it is simply a ledger that ensures all transactions are safely executed and are fully traceable and verifiable, and therefore the blockchain guarantees you of the maximum protection of any Bitcoin you have stored upon it.

In fact, if you have ever used a web or e-wallet before, then you will soon get the hang of using a digital currency wallet such as the Nano Ledger S, a digital currency exchange and also making deposits into and out of any gambling sites you fancy playing or betting at.

Most Popular Bitcoin Casino Games

Make no mistake about it though, no matter what types of casino styled games you fancy playing online, you are going to find plenty of sites offering you the ability of depositing using Bitcoin.

Some of those sites will required you to convert your Bitcoin into the currency the casino or games site is using, however their respective banking interfaces will do that instantly, but some will allow you to deposit and then gamble using any fraction of Bitcoin as your preferred staking option.

One site that is famed for their dice game is cyberdice.net, and it offers you a fully verifiable random outcome, so you will above all else always know that you are playing a fair game, with a completely random and provable outcome too.

The game they offer is quite aptly called CyberDice, and it has been designed and developed to give players a basic set of gambling opportunities.

How to Play CyberDice

What you are going to enjoy about playing CyberDice is that the house edge of that game is tiny, in fact is has a house edge of just 1%, which is comparable to games such as Blackjack and Baccarat.

As mentioned above the way that the game has been developed is that once each roll of the dice has been played out your are going to be able to verify and prove that outcome was randomly arrived at, rather than just taking it for granted the random number generator in use at other casino sites for example on the games they offer are fair!

Once you have registered as a new player at the CyberDice site, which is going to take you less than a minute you are good to go, there are no Know Your Customer requirements, so you will never be forced to have to send in or reveal any of your own personal information when playing there.

You can then fund your account with free play credits if you so desire using the Faucet, and once you have done so you can then pick out any of the available betting opportunities, and then send the game into live play.

The range of betting opportunities have however been kept nice and simple, with there being just two of them, those being the Roll Over and Roll Under bets which will see you trying to predict whether the value of the next dice roll will be higher or lower than the chosen number presented to you on the screen.

Pick Roll Over and if the number rolled in is higher than that shown on the screen you win, and conversely when selecting Roll Under you will be hoping the number rolled in will be lower than the value of the number displayed on the CyberDice game screen.