Future of Blockchain in Gambling Space Explored in ASEAN Gaming Summit 2019
March 20, 2019
What is Blockchain? What are its benefits? Who uses it? Day 2 of ASEAN Gaming Summit 2019 puts blockchain's role in the gaming space in the spotlight.
In the Bitcoin gambling industry, players are presented with a vast array of possibilities on how they can feel the thrill of playing with and winning cryptocoins.
As of today, Bitcoin gamblers have the option to play on Bitcoin casino websites that pride themselves on their enticing visuals, to bet on various sportsbooks that caters to almost every sport known to mankind, and to even join unique lottery and dice game rooms that include lucrative BTC winnings. Bitcoin is confident in always maintaining the ‘surprise factor’ for its users.
However, compared to those betting channels, one betting platform is surely to reinvigorate bettors’ views toward Bitcoin gambling!
BettingBlocks is a block betting Bitcoin game where players predict which miner will mine the next Bitcoin block. Unlike the ordinary online gambling venues, it bases the bets on its list of Bitcoin miners, together with several numbers and figures.
Similar to the old-fashioned horse race betting and some Bitcoin casino games, this block betting game relies on pure intuition and instincts. However, compared to horse racing, BettingBlocks provides real-time data of each mining pool listed on the website. This information can actually help you decide on which mining pool is worthy of your bet!
The website is absolutely pleasing to the eyes not because of fancy designs but because of its simplicity. Compared to other Bitcoin betting websites, BettingBlocks has integrated everything its players need on one page to alleviate time consuming page navigations.
Despite having too much information, the home page is beautifully organized and is structured in a way where you can see the recent blocks and Bitcoin statistics, the list of the leading mining pools, betting rooms, and their leaderboards. Thus, players can obtain everything they need in a snap for an effective betting session.
Even though the idea of block betting may be as complicated as it sounds, betting on this website is in fact, simple and hassle-free—a key characteristic that puts Bitcoin gambling ahead of online real-money betting.
To start, all you have to do is choose an open betting room with the header ‘who will mine block #…’
After choosing the respective game, you can now choose your favored mining pool. Just a reminder: very game room has the mining pools’ effectiveness rate, which in essence, makes it easier to determine who has the higher chance of mining the Bitcoin block.
After selecting the preferred BTC mining pool, just send your bets to the Bitcoin address provided by the site. However, it is important to note that the Bitcoin wallet you use should be capable of receiving transactions since BettingBlocks will send BTC winnings to the same address used for betting.
BettingBlocks prides itself on using the pari-mutuel betting system. This allows the system to automatically add all initiated bets and calculate the total amount of winnings with the consideration of all external factors like the site’s 1% house edge and the number of winners of each game.
Technically, everybody is a winner as long as you bet on the right mining pool. But for you to actually win the biggest amount of Bitcoin, it is recommended to wager higher bets. The larger the amount of wagered BTC, the higher the amount of BTC winnings!
Unique, exciting, and definitely enjoyable—these are the words that best describe the entirety of this betting platform. This website did a fantastic job in revolutionizing conventional Bitcoin betting through integrating other Bitcoin elements like the mining pool. Not only it bridges different industries, it invites more potential for the inevitable growth of the whole Bitcoin ecosystem. Experience a one-of-a-kind Bitcoin betting thrill with BettingBlocks!
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