What’s the most disturbing thought that comes to your mind when you play slots? It probably goes along the lines of whether this slot is operating in a truly random way or whether the casino is adjusting its settings in order to increase the house edge. This is a pretty natural concern, because if you’ve actually given your money to a gaming site beforehand, you obviously have to depend on their being scrupulously honest whenever you request a withdrawal. However, it’s entirely different in the world of Bitcoin casinos, because the latter do have the incredible function that allows you to verify the outcome of each spin. Better still, with this feature, you can be sure that a gambling venue doesn’t cheat, and you can use it for free, without any restrictions! Games with this kind of function are available only at BTC gambling sites, and they are called ‘provably fair slots.’
Let’s figure out how this function works for casino games. First of all, the system of provable fairness is entirely dependent upon blockchain technology, which is the basis for any cryptocurrency, such as Bitcoin, Ethereum or Ripple. These digital assets are getting established in online casinos owing to their level of security. Everything that has ever entered the blockchain remains there forever and this makes it possible to check any spin. We’ll take a slot game, as an example, to explain the process:
For now, due to the nature of blockchain, only bitcoin-based sites use this technology. However, the technology in question is getting more and more popular every day, and we expect the most modern casinos to implement it in their games, in order to make them more transparent. It is important to remember that not all games show their algorithms in full, to prevent players from calculating the reverse algorithm, thereby predicting the results of their spins.
Bitcoin slots’ websites have their own rankings, as well as the choice of the games to offer. Standard 3-reel and 5-reel slots are not an exception here. Before trusting the casino with your money, do some research to understand what are you dealing with.
Don’t be surprised if you are offered a free game. This is a common practice among the websites. Free trials serve as a commercial, or game teaser, for novice players. Once you are familiarized with the free game, you can switch to playing slots for real money.
Also, there is no need to worry about personal data, as blockchain technology eliminates any possibility of third party intrusion. Your casino can offer to use its virtual wallet for secure transactions. There might issues cashing out, as some of the websites impose daily limits for the bitcoin withdrawal.
It’s tough to provide clear proof that bitcoin slots are genuinely random, even if a casino is operating under a reputable license. Of course, a regulatory body that has given a license to the developer tests every game, and, in order to convince us that they’re truly random, every reliable online casino allows independent agencies to audit its games. This means that you have to trust a casino itself, along with the institution that issued its license. But since many bitcoin-based gaming venues don’t even have a gambling license at all, it’s more difficult for players to believe that their games are fair. The good news is that provable fairness technology allows you to forget about all your worries and suspicions and just concentrate on getting lucky!
Every casino is a business, after all, and building a relationship of trust between a casino owner and a player is critically important, in order for both to succeed. Since the technology mentioned above can be used in table games, video slots and card games, we believe it has a bright future. Online gambling does benefit from provably fair gaming technology by allowing us to be sure that nobody meddles with our money while we’re playing! By making gambling more transparent, we can also achieve other substantial goals, such as changes in legislation and boosting popularity; these will allow casinos to give more benefits to their players, instead of trying to fit the increasingly strict rules of licensing authorities.
Poker is an exciting and unpredictable game, which has found fans all across the globe. Poker films are as unpredictable and exciting as the entertainment itself. They are shot in different genres and with varying focus on gambling in the plot: sometimes it unnoticeably passes through the whole flick, and sometimes it becomes truly momentous […]
Over its long history, gambling has witnessed hundreds of thousands of tragic losses, as well as some dazzling wins! Players hope that by working out the rules of the casino, they can finally master the craft of winning it big, and becoming seasoned gambling geeks. Even so, the players find it hard to know what […]
Are you an avid gambler who wants to combine your vacation with your favorite hobby? Well, why don’t you take a trip to some of the best casino resorts in the world? If you decide you’re up for it, we’ve prepared a list of the top ten casino destinations in the world! Top Ten Casino […]
The planet is now in its worst condition: from the desiccation of rainforests into savannas to the constant growth of plastic waste. The last UN report showed that population losses are jaw-dropping, and it is time to act now. Land-based casinos have always been associated with 24/7 fluorescent lights, floodlit fountains, and fancy hotels. However, […]
If you love gambling and have been to a land-based casino at least once, you may have thought about becoming a dealer. Playing the same game but from the opposite side, while communicating with other players, sounds like a dream job, right? A dealer is a straightforward job, and you will be the heart and […]
On Monday September 14, MGM announced that it plans to open its first smoke-free casino at the end of September, when Park MGM will finally reopen its venues to players and tourists. The resort comprises around 2,990 rooms and various restaurants, and it’s set to be reopened on September 30. The venue has been closed […]
Online gambling has undoubtedly taken a place of true supremacy over the casino industry during the pandemic. And the reason for that is quite clear: online casinos are more accessible, and you can always count on some encouragement from the casino administration to help you boost your game. However, this digital revolution has only been […]
The large selection of online gambling sites out there can make players somewhat puzzled, and give them a feeling of uncertainty about making the right choice of casino. Each online gambling venue offers its own conditions, games, and various bonuses, of course; but the most important thing is the reliability of the casino and the […]