Why Bitcoin Roulette is the Future of Online Casino Gaming
Roulette is one of the oldest—most popular—casino games still in existence. It’s almost funny to pair it with Bitcoin—a relatively new entrant into the world of finance.
People play roulette games with Bitcoin as a way of buying further into decentralized personal finance, transacting safely with a blockchain-supported currency online and potentially increasing their investment in a currency that has appreciated dramatically in the fifteen years that it has existed.
It’s true that only a small sliver of the population even knows what Bitcoin is. Should you be using it to finance your online gaming? That depends on what your financial goals are, and how you intend to play.
Why Bitcoin Roulette is the Future
Bitcoin casinos are like any other. The difference is in how you manage your deposits. These platforms let you transact quickly through crypto. Those new to Bitcoin may be scared away by the sticker price.
The current value of one Bitcoin is around $100,000 (and potentially expected to rise as the Trump Administration doubles down on its support of crypto). Who could afford one? More to the point, who would bet one on the spin of a roulette wheel?
Bitcoin can be pieced out into fractions. The smallest unit (a Satoshi) is 0.00000001 BTC. Basically, we are talking about an investment that is as big or small as you want it to be.
You don’t need a bunch of cash to start using Bitcoin.
You don’t even need to be looking at it from an investment standpoint. Many people use Bitcoin for purchases because it’s safe, fast, and private. Plus, it’s decentralized (not associated with the banking industry) which allows you to bypass restrictions and many fees. Also, it often comes with specialized bonuses.
You will need to do a few things before you are able to start playing at a Bitcoin casino. Register with a cryptocurrency exchange. Coinbase and Binance are popular, but research suitable options based on your goals.
Be mindful of the rules. While you should be able to get your money back without too much trouble, some casinos have mandatory grace periods or even minimum bet requirements.
You play. You (hopefully) win. You send your earnings back to your crypto wallet. The Bitcoin can be transferred back into cash or kept as an investment.
Blockchain
Blockchain records and verifies crypto transactions. The record cannot be faked or altered. Traditional online casinos rely on banks and payment processors. These are private companies that control your money during transfers. They can block transactions, freeze accounts, or suffer security breaches.
With blockchain:
- Your money moves directly from you to the casino
- No bank or company controls the transfer
- Every transaction is permanently recorded
- The process is automated and mathematically secure
- No one can alter or dispute your payments
Regular online casinos face several risks:
- Payment processors can hold funds
- Banks can block gambling transactions
- Companies can suffer data breaches
- Records can be altered or lost
- Disputes about payments can arise
The blockchain eliminates these risks by removing middlemen from the process.
The Beauty Of Roulette
If you’re new to casino play, roulette may be uniquely accessible. Poker and Blackjack are fun but you really need to understand the games to play well. Slots are accessible strategically, but we all need variety, right?
The game is pretty simple. The wheel is spun. The ball drops. You guess where it will wind up.
Depending on the bet, your odds of success are almost balanced. Here’s what it looks like:
- Inside bets. You wager on a specific number, or small set of numbers. Basically, you make a wild guess and hope for the best. If you’re right, you’ll receive your money back at up to 35 times what you put in. Good return if you can get it.
- Outside bets. Much more modest payout. Smaller payouts, much better odds. The ball will stop in a red pocket. A black pocket. An even number. A low number. A high number. You can enjoy a slow-paced evening of fun betting small on outside wagers.
For people looking for a safe, enjoyable experience, Bitcoin paired with roulette is an ideal combo. It’s a unique combination of simplicity and security. A straightforward game and currency that is perfect for secure online transactions.
Conclusion
Is Bitcoin roulette the future? That’s up to you. Crypto provides safe transactions with a financial unit that is appreciated independently in value. Something the U.S. dollar certainly does not do. Bitcoin makes online casinos safer.
Of course, it doesn’t change the pre-existing risks of gambling. Bet responsibly using a currency you can count on.