Casinos Explained

As Bitcoin gambling becomes ever more popular, you may have many questions. Rest assured, as we’re here to make things simpler.

When putting your Bitcoin into an online casino, you may understandably be worried. Will you be able to retrieve your Bitcoin after winning or deciding to cash out? This article will explain how to make a withdrawal from a Bitcoin casino. If you are not sure how Bitcoin works yet, you will be able to learn more here. We’ll also be mentioning a few secure Bitcoin casinos if you’re not sure which ones are legit.

Bitcoin Refresher

Bitcoin is a cryptocurrency that exists solely as files on your computer or smartphone. These files are kept in a virtual wallet and traced using a list called the blockchain.

Bitcoin is ideal if you wish to gamble anonymously. The risk of giving your card or bank details is eliminated completely when using this method. Even though blockchain is public, no one will know which specific key is yours if you don’t tell them yourself. The fact that Bitcoin is not governed by any country or bank adds to its anonymity.

To acquire Bitcoin, you can sell goods or services in exchange for Bitcoin, or buy them using your currency. Bitcoin can be obtained and exchanged in part. Online Bitcoin casinos also allow you to deposit and withdraw Bitcoin in part. One Bitcoin is estimated to approximately $7100 as of April 2020. Next, you’ll need a wallet to keep and manage your bitcoin through. Below are examples of the most commonly used variants.

Web-based Bitcoin wallets

Your currency information is stored online; these are the easiest and most convenient. Your Web-based Bitcoin wallet can be accessed from any device that has an Internet connection. Web-based wallets refer to desktop and mobile wallets, as both instances require an Internet connection.

Desktop Bitcoin wallets

Your Bitcoin is stored in an online wallet which may have an app that can be downloaded to your desktop. You may also simply access your wallet on the internet without downloading an app. Both options require an Internet connection.

Hardware Bitcoin wallets

Your Bitcoin files are stored externally, for example, on a USB flash drive. In this instance you will save your Bitcoin files externally, and will be able to access them using a computer without the need for an Internet connection.

Mobile Bitcoin wallets

Your Bitcoin is stored in an app that’s downloaded to your mobile phone. Mobile Bitcoin wallets are compatible with most smartphones. These apps are convenient as your smartphone is always within your reach. These apps require an Internet connection to function.

Despite the fact that Bitcoin is banned in some countries, Bitcoin is the most popular global currency. Using Bitcoin means you have the ability to trade quickly, discreetly, and to and from most countries in the world.

Because the currency isn’t governed by any bank or country, little to no fees are added on transactions. When using Bitcoin at an online casino, you remove the middleman. Bitcoin goes straight from you to the casino, and straight from the casino to you. This makes for faster, cheaper, and more secure transactions when gambling online.

How to Deposit Bitcoin Into an Online Casino

Before you can withdraw Bitcoin from an online casino, you’ll have to deposit the currency into your online casino of choice. If you do not have Bitcoin of your own yet, we will discuss how to get Bitcoin as well.

Register at your online casino if required. Your chosen online casino should guide you through the process. Go to the deposit options and choose Bitcoin as your preferred currency. Your casino will generate a unique depositing address for you. Copy your deposit address from the casino and navigate to your Bitcoin wallet. Choose an amount to transfer and paste the unique deposit address into the required field within your Bitcoin wallet. The funds will instantly show in your online casino account.

How to Withdraw Bitcoin from an Online Casino

First and foremost, you need to make sure that the casino allows you to withdraw Bitcoin. Some online casinos only accept it as a deposit option.

Once you’re ready to cash out, simply click on the “cashier” section. Here you’ll be given options of the currency in which you wish to cash out, choose Bitcoin. Select the amount you want to withdraw and insert your virtual wallet number. Your Bitcoin should be deposited to your public wallet within a maximum of 24 hours.

Keep in mind that most online casinos do set a minimum cash out limit, even for Bitcoin. This amount, however, is rarely more than 0.01 Bitcoin. Online Bitcoin casinos may have a maximum withdrawal limit.

Bitcoin Online Casinos

As Bitcoin has become a more widely accepted currency, many online casinos are now accepting Bitcoin. A number of these casinos offer casino bonuses or several free spins upon signing up. This means you won’t have to deposit anything to stand a chance to win more of the cryptocurrency.

Bitcoin can be broken up into several parts, namely BTC, dBTC (10th of a BTC, or 0.1), cBTC (100th of a BTC, or 0.01), mBTC (1000th of a BTC or 0.001), μBTC (1 000000th of a BTC, or 0.000001) and the Satoshi (100000000th of a BTC, or 0.00000001). You won’t need to buy or deposit an entire Bitcoin.

Bitcoin casinos offer a variety of games including iconic casino games such as slots, blackjack, roulette, poker, baccarat, etc. You can also use your currency to bet on traditional sports, as well as eSports.

Suggested Online Bitcoin Casinos

1xBit

This is an online casino that allows you to use Bitcoin. By joining 1xBit, you’ll receive a bonus of BTC1. No fees are added to any transactions when using this casino. This is the most popular online crypto casino, dealing only with crypto deposits.

Withdrawals are quick and easy. You have the ability to join 1xBit online casino without giving out any personal information. The minimum deposit for Bitcoin is 1mBTC, and there’s no set minimum withdrawal. 1xBit offers 24/7 live chat and email assistance.

OneHash

This online sportsbook doesn’t require users to sign up. It adds a twist to online sportsbook betting by having players bet against each other instead of against the platform itself. With every bet, the multiplier changes, depending on how many bets are placed on the specific event. OneHash does not set a limit on bet amounts or restrict winners in any way.

Additional Bitcoin Casinos to Consider

You should consider Sportsbet.io, EGB.com, and Cloudbet when choosing your online Bitcoin casino.

The casinos listed in this article are not the only Bitcoin casinos on the market, but they’re some of the best.

 

There is no specific way in which you are able to cheat online slots but there are ways in which you can increase the likelihood of winning as you play. Though these are not the same thing, they will give you a similar outcome – cash winnings!

As there were so many ways that slot machines were being cheated in the traditional casinos, the casinos needed to protect themselves and put methods in place to be able to do so which later spread to the online slot machines too.

Though this has been a bad thing for the immoral players, this has been great for the players who want equality across their gaming and who want to be able to win through luck and chance, as opposed to cheating. But what is the RNG that we have all heard of but know so little about?

RNG Prevents Cheating

The RNG, or Random Number Generator, prevents cheating from occurring because it relies on a computer-generated code to decipher as to whether a player is a winner or not. This means that there is nothing that a player can do, or not do, to override the system to fool the machine or online game into thinking that they have won.

This has been an absolute revelation for UK slot games because cheats were losing the casinos vast sums of money as well as putting themselves at risk of addiction, and of course prosecution, should they have been caught. A new RNG is created on every spin of the reel, so it makes no difference who you are, how long you have been playing on a slot game or how much money you have spent. You are seen as a new player every time and your likelihood of winning is just the same whether you have been playing for hours or if it is your first spin of the online slot reel.

Slot Strategy

Creating a strategy before you begin playing will increase the amount of “luck” you have whilst playing your chosen slots game. It’s not always best to go for the most colourful, highest jackpot, fun looking games, as they have been created to draw you in in exactly this way and therefore probably don’t have the best potential.

Look around and see if there are games that aesthetically look a little less exciting but have some great statistics for you to take advantage of. The games that look less appealing, draw less of a crowd to their online slot and can, therefore, afford to pay out much more of a sizeable reward. This is definitely something worth remembering for your future play and something many players, even seasoned players, don’t think about.

Bankroll and Settings for Slots Games

Before you ever start playing on your chosen online slots game, you should always work out the bankroll that you are financially able to play with. This should be a figure that, if you are unable to win any sort of return, should not affect you financially if it is all lost. Losing all of your bankroll is what you need to cater for as there is potential for this to occur whenever you gamble.

You can increase the outreach of your bankroll by altering your settings in your chosen slot. The best to take advantage of are the coin value and number of coins. If you are placing a larger bet, the difference these settings make will be enormous for you and you need to be aware of how far even the smaller bankrolls can go by altering these settings even slightly.

Always Bonuses, Never Cheats

Whether you are looking to join a new affiliate casino site or wish to remain loyal to the casino you already play with, there will be bonuses, promotions and offers that you can take advantage of. The best to look out for are the slot games with free spins, but there are alternative offers such as no deposit free spins, having your deposit doubled or free credit towards a certain game.

It is always best to take advantage of promotions, make alterations to your strategy, stick to your bankroll and change your settings, rather than ever to try and cheat when playing online slot games. But it is safe to say that there is no way to be able to cheat as the RNG prevents you from being able to do so. Frustrating for some but a great safety feature for the majority and certainly for the casinos.

With the Covid-19 pandemic currently taking over the world and shutting up most businesses, gamblers are becoming more worried. Brick and mortar casinos are not spared either with some of the reputable destinations closing their doors from visitors and the most loyal customers.

Luckily, online casinos like Vegas slots real money are still operating fine. Some of these sites are introducing new impressive bonuses and promotional offers to attract new players. Hundreds of games are added to such resources so that every kind of player can find something to play. So, is there anything to worry about online casinos, and will they prevent customers from getting in or introduce other limitations? Well, here is everything you need to know about online casinos in 2020 to 2021.

Benefits of Online Casinos in 2020-2021

1. Social Distancing Does not Apply in Online Gambling Platforms

The number one rule is to keep social distance as a prevention measure against the virus. We all know how land-based casinos can be overcrowded, that there is no such thing as staying at a distance in such places. Thanks to online casinos, players will have no trouble at all keeping the disease at bay.

You do not have to go out to play in a casino, instead, with just your handheld devices or your laptops, you can play all the casino games at any time. So, you will not only be safe at the comfort of your home but also get to enjoy your favourites with no restrictions. Additionally, you can play multiplayer games online without having any contact with any person.

2. Gaming Websites Have Varieties

Some players were eagerly waiting for such big events like Euro 2020 and the Olympics. Most players were even looking forward to attending them or looking for betting odds to boost their winning chances. Unfortunately, these games have been postponed to 2021 to stop the covid-2019 from spreading any further. However, this does not mean that if you are a sportsbook gambler, you have to give up on betting.

One advantage of playing in an online gambling site is the variety of games. Yes, some of them offer sports betting, but since no sports are currently going on, you can still try out on thousands of other casino games. Most sites offer games like virtual sports including horse racing and football, roulette, blackjack, baccarat, video poker, slots, and a live casino. The latter is suitable for those who want to feel like they are in a real casino. But, otherwise, you are spoilt for choice when it comes to picking casino games. Besides, you can play most of them on your mobile phone for free and for real money.

3. Gaming at Home Can Save Your Life and Keep You Occupied

Millions of people worldwide are looking for ways to keep themselves busy, as they are not going to work. That is why most of them will turn to gambling to avoid idleness. Thanks to free games, you will not have to bet even a single cent to play. Instead, you can play thousands of casino games and classics without any deposit. You can play some of the reputable games you have been hearing from popular software providers like Netent, Microgaming, Playtech, and Play’n Go among many more.

Restrictions Set in Place

Even though casinos might be a knight in shining armour during these dreadful times, they might lead to serious consequences. The benefits may be more on the house, and some of them will take advantage of this period. That is why most governments are proposing restrictions for gambling sphere. Some of these limitations are as follows:

1. Belgian Gaming Commission has recently restricted the deposit limit to €500 a week. This is to protect gamblers from being carried away and trying to treat their boredom with betting.

2. Spain gambling authorities are proposing for restrictions on betting advertisements to four hours at night. That is between 1 and 5 am. This is to reduce gambling temptations and addicts in both the youth and older adults. Moreover, other proposals include the ban of advertisements done by celebrities and marketing that displays free bets.

3. Latvia has banned all forms of online betting except instant lotteries, interactive gambling, and numerical lotteries. Furthermore, all online gambling sites were required to stop their operations, which was effective on 14^th April 2020. This ban could go up to three months.

Conclusion

Online gambling may seem like a good idea especially in this trying period, but it can lead to severe effects. Most people are idle and might spend most of their time online and their money on these sites. This will lead to gambling addiction, which can further lead to physical, financial, and psychological harm. That is why most governments are imposing restrictions to prevent gaming sites from taking advantage of this period that may result in addiction.

However, it does not mean all destinations will close their online doors. Instead, you can look at these restrictions as a benefit for you and your loved ones. They will only last for some time, and it is important to understand first why the governments are imposing limits. Besides, the distressing days shall pass, and you will get to enjoy your favourite games once again, hopefully in a few months. Additionally, if it is a must you gamble, set both time and money limits to prevent any obsessions.