EOSBet Welcomes BTC Deposits, Cashouts & Bets
February 15, 2019
EOSBet Casino launches Bitcoin betting in beta, making EOSBet the first EOS dApp to natively accept BTC. Players will get 10 BET for every 1 BTC wagered.
Playing casino games with Bitcoin is fun and fuss-free thanks to speedy transactions, low house edge, and provably fair systems. Know more here.
The best part of playing in online casinos is that you will not run out of games to play. Head to the lobby of your chosen casino, and you will find a generous collection that includes slots, card, games, and live dealer titles. Even better, you can play the best casino games with Bitcoin, letting you top up your account with no problems.
But if you are new to Bitcoin gaming, the possibilities of playing with crypto can be overwhelming. Where should you start? How do you play Bitcoin casino games? How do you enjoy your betting sessions? Worry no more as we made this handy guide to help you get started.
Basically, there are no major differences between a Bitcoin casino game and a game from a regular online casino. Open a Bitcoin slot game or any table game that allows stakes in crypto, and you will find the same gameplay. But what makes Bitcoin games stand out are these three features:
One of the issues with online casino games is the fairness of the results. This is because, unlike games in land-based casinos, game results in online casinos are more prone to being tampered with. And while many casinos provide information about their random number generators, there is still that element of doubt. Who knows if the casino is still cheating you?
This is where Bitcoin games have an edge. In the crypto gaming world, there is a tool called a provably fair system, which allows you to verify each result to make sure it is random and fair. Simply put, by clicking on the bet ID of a game round, you get two seeds—one generated by the casino and one generated by your browser. If the result produced by a third-party site is the same with that of the casino, that means the outcome is fair.
A house edge is a percentage of profit that the casino will make from your bets. This means that if you make a 100-mBTC wager on a game with a 5% house edge, the casino will win 5 mBTC. The higher the house edge, the less likely you are to win regularly.
Luckily, due to the low costs of transacting with Bitcoin, you can benefit from low house edges from blockchain-based games. This is especially true for online casinos that offer only one game. Usually, the average house edge of these casinos would be 1% or lower, which is more profitable for you than a game with, say, a 5% house edge in a regular online casino.
Another plus point for playing Bitcoin games is that you can bet whatever amount you want. In regular casino games, there is a maximum bet amount, depending on the game type. Meanwhile, in Bitcoin games, the sky is the limit. In fact, game controls have a Max Bet option, meaning you can stake all your funds on one roll or spin. But if you do not want to take a huge risk, simply key in your desired bet amount.
The very essence of Bitcoin casino games does not stray away from the regular online casino games. The only difference is that your gaming sessions are much better because of the fuss-free experience you will get because of speedy transactions, low house edges, and flexibility of wager amounts, among others.
Admit it—at the end of the day, casino games are mostly about chance. There are times when you will win and other times when you will lose. The bottom line is that playing casino games will cost you money in the long run.
But does that mean the outcome of your betting sessions is beyond your control? Of course not! You may not be able to beat the house all the time, but at least you can make your gaming experience memorable. You might even improve your winning chances. Read on to know how:
Whether you are a new bettor or a long-time gamer, casino bonuses are your best friend. Some of them boost your bankroll with a small top-up amount, while others will give you free cash even if you do not make a deposit. On the other hand, many online casinos offer Bitcoin faucets, which dispense a small number of coins after you complete easy tasks like completing a CAPTCHA. Once you see an attractive deal, read through the terms and claim it if the wagering requirements are reasonable. That way, you can play longer without risking your funds.
This is the golden rule of playing casino games—do not jump into playing a game with real money without knowing how to play the game in the first place. Before you start your betting sessions, head to the game title’s info page, which contains the gameplay, the house edge, and the payouts, among others. Meanwhile, slot game rules also contain how paylines are formed. By reading these rules, you minimize your risk of making bad decisions, which could lead to huge losses. Plus, this saves you the confusion of wondering why you did not win on a spin or on a supposedly good hand.
Just like a general during a war, you should not rush into a game without a strategy in mind. By playing smart, you minimize your losses and you stand a chance to taking home generous winnings. After reading the rules of the game, take some time to figure out how much you should wager, what to do when you lose for a certain amount of rounds, and more. This may take some time, but playing smart is better than making random decisions during the game.
A vast majority of casinos offer demo versions of the games in their collection. These play-for-fun versions are helpful as you can familiarize yourself with the gameplay without parting with your player funds. Playing the demo versions also allows you to try the strategies you wish to use during real-money play. And if you want to experience being a high roller for once, you can do so without losing money.
The last thing you want to happen is for your funds to run out during a long gaming session. Sadly, this could happen if you get too caught up with wanting to win without paying attention to your bankroll. To avoid this situation, set a limit on how much money you should use for a week or a month. Then, determine how much of those funds you are willing to lose. And once you reach your limits, step away from the game, then come back another day.
And there you have it. Now you know more about playing casino games with Bitcoin. The next thing you have to do is find a game that works for you. And if you already know what casino game to play, simply top up your account with Bitcoin, load the game, and have fun!