Crypto Gambling Games

What are Bitcoin Gambling Games

In practice, this term covers every game available in an online casino that supports cryptocurrency transactions. You have the ability to gamble your BTC and/or other cryptocurrencies, hence Bitcoin & crypto gambling games.

However, as we have already mentioned in the article intro, some game types go a bit deeper technically. The main categories are provably fair and decentralized games. Let’s analyze them separately.

What exactly are Provably Fair Casino Crypto Games

You will see this buzzword thrown around a lot. The best crypto gambling sites have sections with games that spot this feature. Provably fair games utilize cryptographic methods like hashing algorithms to generate random results. They receive inputs both from the site's server and the user’s browser, so a casino can hardly tamper with any results. Players can also check the processes via third-party tools.

This technology is also used in blockchain networks that power different cryptocurrencies. That is mainly why such games are commonly found in bitcoin gambling sites.Nevertheless, note that this feature does not rely on crypto transactions. You can find online casinos that support only FIAT payments with provably fair games as well.

In short, the provably fair function eliminates Random Number Generators (RNG engines) from the equation. Players do not have to rely on third-party services to audit gambling sites. The downside to this is that for now, it is quite hard to develop complex games. Do not expect to find flashy slots with complex bonus triggers or live tables. You will have to limit yourself to simpler games like dice, blackjack, roulette, as well as skill games like rock-paper-scissors and minesweeper.

How do Decentralized Crypto Casino Games work

These are games that are developed and operate 100% on a blockchain network. Their underlying code & functions are publicly available since most blockchains are fully transparent. They are also called gambling decentralized applications (gambling Dapps). Websites with only this type of crypto casino games are becoming more and more popular, as they can offer true anonymity, fairness, security and instantaneous payouts.

For a game to run on a blockchain, it has to deal with several technical limitations. Gamblers should be cautious, as it is very easy to set up scam websites. We recommend this type of game type only for experienced crypto users.

Are there any Ethereum Gambling Games?

Of course, just like Litecoin gambling games or XRP gambling games. Basically, the term depends on each individual payment methods supported by a casino. For example, if a website accept Bitcoin, Tether and Ethereum, then you can say it offers Bitcoin, Tether and Ethereum gambling games.

As for decentralized games, these are mainly found in blockchains that support smart contracts (programmable code within the blockchain) like Ethereum, EOS and Tron.

Even if you are intrigued by these innovative games, it is not sensible to just hop into the first casino with a good welcome bonus that you will find. There are some important parameters to consider before starting a new account anywhere, so keep them in mind, as they may prevent many undesirable situations.

Provably Fair Algorithm

There are quite a few ways for a website to implement a fairness algorithm to some of its games. However, sometimes shady brands take advantage of the technical complexity of this feature and try to confuse players with fake fairness systems.

Remember, a correct provably fair game should have visible 1. the client seed, 2. the hashed (encrypted) server seed and 3. a nonce number.

These are the necessary parameters that produce a random result that you can confirm later via a combination of in-game and third-party tools. If you can not change after a roll/hand at least your client seed (usually generated by your browser), you should start suspecting that something migh be off here.

Payments & Crypto Wallets

The topic in question mainly concerns your financial transactions and not the actual gameplay. Brands that host Bitcoin gambling games come in two types. The first type is hybrid casinos that immediately exchange your crypto deposits with a FIAT currency.

However, if you win an amount, the payout will be paid out with the same cryptocurrency at the present market value. This may secure you against volatility, but the exchange during the deposit usually involves a small fee in the form of a worse exchange rate, but that is not always the case. Review the rate beforehand and avoid any fee above 1%.

Then the second type is crypto-only casinos, which provide in-game crypto wallets. This way, you do not have to worry about the exchange rate and play crypto casino games right away directly with your preferred coins. You can also double-gamble, but keep an eye on your coin’s market value, as this feature is a double-edged sword. In short, check out what wallets and coins a casino supports so that you can plan your financial transactions ahead.

Bonuses & Promotions

Most welcome bonuses, deposit offers and cashback promotions are valid only for wagering completed in slots. This is valid for both conventional and crypto casinos. Live tables or any other type of crypto casino games that do not involve slots either have a very low or even nonexistent contribution to the rollover requirements. So, scrutinize the t&c’s of any promotion before you claim it to make such details clear from the start.