Is there a difference between enjoying a game of dice in a brick and mortar casino, fiat currency online platform, or a BTC dice game at a cryptocurrency-based gambling site? The most obvious difference is that the virtual environment provides more comfort and it takes less effort than going to an actual venue to roll the dices and test your luck. Fiat currency gambling is widely known, it’s been around for as long as the internet is commercially available, but what about Bitcoin dice, how does it differ from conventional options? In this article, we’ll go through though crypto dice gambling in detail and let you in on everything you need to know about this latest trend in the world of online gambling.
If you’ve ever had the chance to play Dice in a casino, then you know what a regular game looks like. It’s arguably the purest form of gambling where players roll the dice and set the risk and reward levels for themselves. This form of gambling allows you to bet on the outcome of the dice roll, but instead of fiat currency, you wager Bitcoin.
What makes gambling to be fun is the unpredictability of the outcome. The games that are featured in any casino always have unpredictable outcomes because they have numerous possible outcomes, and you can’t be certain for sure what the next result would be.
Likewise, for online casinos the games are based on chance, except in this case, the chance is generated by computers algorithms.
An RNG is a mathematical formula that picks the outcome of an event significantly affected by chance. It is a key component in online gaming, but it uses transcend games and is widely used in Software and programs that require random results.
The RNG creates a set of numbers using a predetermined set of rules to come up with an array of multiple outcomes in a split second. Notwithstanding, these casino RNGs are rather pseudorandom as they've some level of prescribed bias called the house edge.
As you already know, we gamble on games of chance. Using mathematics, punters generate the difficulty levels of every event and assign them value. It is this value that is called the odds of that specific event occurring.
Consequently, the dice odds tell us how likely a specified number is likely to be drawn, and if you select it, your wager amount is multiplied by the odd to output winnings.
Expected Win=Bet Amount ×Dice Odds
Sometimes betting exercise may be tedious or you don’t feel like repeating the exercise over and over. In such a case you still could play thanks to automated betting. All you have to do is click the auto rolling option and the game automatically does the rest on your behalf.
Bitcoin dice game is not all that new, it is just a version of the famous gold dice game with two outstanding differences, use of bitcoins and a few adjusted rules. So don't be surprised if you may be a little knowledgeable about the game, and yet the rules don’t turn up as you expected. If this is your first time, though, you are lucky because you are about to learn the basic yet the most important rules.
You must, however, note that each Bitcoin casinos that offer the dice game today vary the rules. It is the game’s objective, predicting the outcome of a dice roll, which remains the same.
The primary objective of a dice game is to answer the question of what will be the outcome of the dice roll? This has never changed, it is typical of any dice game. Nonetheless, when you play with cryptocurrency, it gets a little tougher.
Bitcoin dice game requires the player to pick a number, and this number is not between 1 – 6 as reflected by different sides of the dice, but rather ranging from one hundred to hundreds of thousands as the site dims fit
Your betting option is based on the number you choose, the options are Roll HI and Roll LO. The general idea is to determine whether the number drawn will be greater or less than your chosen number. It never gets better than that.
As already mentioned, the range of the numbers available varies from one BTC casino to another. You need to familiarize yourself with the rules of the platform you've chosen.
Regardless of the range, the drill is always the same, pick one number from the given range of numbers. In most cases, they call it the ‘Chance' number.
It is important to note that some casinos don’t give you this option, but integrate it into the game such that your “Chance” must be either lower or higher than the rolled number as pre-empted before the draw.
That said, there are two Bitcoin dice betting options, Roll HI and Roll LO, that you’ve to choose from. If you bet on:
Before you place your bet, take note of the minimum and maximum bet amount before placing a wager. These limits vary from site to site but they determine how you play.
You win if your predicted event occurs. The rolled number must be either higher or lower than your chance number as you predicted. A contrary result means you’ve lost the bet.
The amount you win is determined by the amount you wagered and the Dice odds.
Expected Win=Bet Amount ×Dice Odds
There are hundreds of BTC Dice Casino in the market today that finding a good one is equally a task. A good casino must be reliable, honest and transparent with not only a low house edge but also offer probably fair game.
But to save you the trouble of searching, here are a few things in details that you should look out for to distinguish a reputable casino from a joyrider:
One thing why most online gamblers prefer BTC Casino is because of the provably fair games, which makes it difficult for a casino to cheat on the game outcomes.
With the blockchain technology, the players can confirm that the result of the dice roll was indeed random and was determined before the wager, and not fixed to favor the house. I guess there's no better level of transparency than this, so settle for nothing less.
A house edge determines the average profit a casino makes from its games. The edge gives the casino a small advantage over players. It is not a bad thing because they have to cater for overhead costs while keeping the business afloat.
All the same, some casino seems to have a large house edge making it extremely difficult for players to profit. A low house edge gives you a good chance of profiting, and so it should be on the top of your casino shopping list.
Cryptocurrency transactions are peer-to-peer and are thus faster than the conventional system. Naturally, you would expect BTC casinos to quickly process deposits and withdrawals. To the contrary, some casinos frustrate your withdrawals attempts and take ages to successfully go through.
When choosing a casino, settle for the one with an outstanding reputation on fast deposit and withdrawals.
Before you choose a casino, you must be aware of the betting thresholds maximum and minimum bet amounts. Also, you should be aware of the highest amount you can win from a single bet. The higher the amount the better. You don't want a casino that confines you to small winnings.
The bottom line is you can only have an immersive gaming experience if you settle for the best BTC casino.
A faucet is a water tap, isn’t it? Bitcoin faucet is not far from that too. Water and bitcoin faucets are similar in that they both dispense something valuable, water and Bitcoins respectively.
Bitcoin with a faucet gives you free small tokens of coins to test the waters. These Bitcoins are particularly helpful when you want to experience the BTC dice thrill yet you don’t have the Bitcoins. They can also help you improve your game technical know-how without spending a dime.
With the rules firmly at your fingertips, you can now jump in to enjoy yourself, but of course not without a strategy. The dice game might appear simple because all you’ve to do is choosing whether the drawn number will be higher or lower than your lucky number. Even so, without a game plan, you are likely to lose, and honestly speaking, losing isn’t fun at all.
We have many strategies that most players use, and it can be a little confusing as to which strategy to go with. But with a simple guide, you are bound to be at the top of your game.
Before you choose a strategy, you would want to know why you need one, to begin with. Here are some of the reasons;
Here are a few strategies you may want to consider:
It is arguably the most popular strategy with the dice players. It works in the following steps;
With the 50/50 chance of winning, the assumption is if you lose the first bet, the result of the next roll is likely to be the opposite of the previous roll. Doubling on a loss may help you win back your losses. It can be disastrous if you go on a losing streak.
With this strategy, your focus is on maximizing profit from a winning streak. It is the exact opposite of the Martingale strategy. Here you double your stake when you win and reset it to the original amount whenever you lose.
D’Alembert applies the same formula as Martingale, increase the stake when you lose and reduce when you win. However, in this betting progression, you only increase or decrease by a unit, with the least bet being a unit.
When you combine two or all of the three strategies you come up with a hybrid system, which is particularly useful if you have a long betting session. Also, it could help you stop losing streaks. However, you only change a strategy when you feel it isn't working anymore. But if you are on a winning streak, stick to the strategy.
Unless you are already lucky to be enjoying the service of the best bitcoin dice operator, you agree that it is not easy to identify one. But with the help of experts and seasoned gamblers, nothing is hard enough. After months of research and testing of the available casinos, we bring you the best Dice gaming venues:
Arguably the best BTC Casino, FortuneJack has not only a thrilling dice game but with a special progressive jackpot. The casino has a house edge of just 1% and cuts it to 0.7 % every Wednesday. You are guaranteed to enjoy the first provably fair games, auto-play option, and fast transactions.
Bitcoin dice game is perhaps what has made Primedice a popular BTC casino. The casino boasts of a great reputation on offering provably fair games, a small house edge of 2% and above all fast cashouts. Its dice game, for its simplicity, enjoys overwhelming support; just enter the winning chances and the amount you want to bet, and play.
A very young site, hardly two years old, was created by the founders of Primedice, which could explain why it is already trusted across the industry. Amongst its exhilarating BTC games collection is BTC dice. It offers the original classic dice other new variants that will strike your imagination.
While Bitsler provides BTC games like Roulette, Bingo, and many other casino games, it is vastly popular for its dice game. Its key attraction is not just its Bitcoin dice game that guarantees an unforgettable gaming experience, but also instant deposits and withdrawals, and a house edge of 1%.
OneHash is where you enjoy the full benefits of playing the dice at a BTC casino. Nothing drives the adrenaline like its gambling experience, particularly when it auto rolls the outcome. It offers provably fair dice game with a house edge of 1%, which gives you a fair chance of winning.
Now that we’ve learned all the features, specifics, and advantages of Bitcoin Dice it’s safe to say that, not only does this type of gambling keep its traditional beauty, it also introduces valuable additions that make the whole experience even more appealing than ever. Blockchain Dice games are easy to play, fun, and provably fair in reputable online casinos. Remember, however, to play responsibly and never wager on more than you can afford to lose. Keep in mind that all betting games are there for fun and quality pastime. Next time you feel the need for thrill and excitement, hit the best cryptocurrency casino of your choice and put your luck to the test with the roll of the dice.