The online gambling industry is constantly innovating. Today, players are shifting from betting using fiat currencies in favor of cryptocurrencies, notably Bitcoin gambling. This form of gambling is cheaper, faster, and more secure than traditional gambling.
But honestly, Bitcoin gambling is so complex that you have to get everything spot on or lose it all. Players have to find the best live casinos online to play on, study the BTC trading patterns, and so much more. This article expounds more.
Before you even consider finding a live casino that supports BTC gaming, learn the risks involved first. As said above, Bitcoin gambling can be so unpredictable due to the digital coin’s volatile nature.
For example, this year alone, BTC has traded between $65k and $30k. Currently, the market value of BTC is in the red, trading at around $33k. In short, prepare for the worst scenario in case of a BTC price slump. Remember, the higher the BTC value, the juicier your gambling profits will be. So, take time and study the trading market before gambling with Bitcoin.
Whether you’re playing at a traditional casino, online casino, or sportsbook, transparency and fairness are key. Now, in the case of BTC gambling, ensure that the live casino you choose is legit and secure. Take the essential steps to ensure you don’t fall prey to scammers who are almost everywhere online.
But how do you know a live casino is safe and secure? First, check if the casino holds a valid license from a legal entity like UK Gambling Commission and MGA. Then, proceed to confirm if the games available are from companies like Evolution, Ezugi, Microgaming, Pragmatic Play, and more. And yes, read online reviews from former and current players before choosing a live casino.
After finding a Bitcoin live casino, deposit the minimum amount, and select a game. While easier options like roulette, baccarat, Dragon Tiger, and Lucky 7 are appealing, you’ll only lose in the long run. That’s because these games are purely luck-based. In other words, you can’t influence the outcome in any way. Even worse, the RTP is not player-friendly.
With that in mind, play skill-based games like blackjack and video poker. Although the house edge remains across the board, these games allow gamers to whittle down the ‘wicked’ house advantage using strategies. For instance, professional blackjack players enjoy less than 0.5% house edge, thanks to card counting. What’s more, it won’t take you a whole day to learn the playing strategy.
Most online casinos offer generous bonuses and rewards to both new and loyal gamers alike. Many a time, these casinos will match your deposit by up to a specific percentage. If you’re lucky, the casino may introduce cashback promotions, where a certain amount of your lost stake is refunded. To cut the story short, play with casino bonuses whenever you can.
Unfortunately, there is no such thing as free lunch in this industry. Apart from requiring players to sign up for an account and deposit a minimum amount, live casinos muddy the waters with wagering requirements. These are usually the terms and conditions a player must fulfill before withdrawing the bonus money. Regardless, claim the bonus and comply with the rules.
With the Bitcoin gambling strategies above, you can limit the number of losses accrued from BTC gambling. Just learn a basic gambling strategy, choose the right casino, and know when to quit. In fact, you’ll discover many more systems like bankroll and emotion management with experience. Play safe!