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These are all of the reasons why you should consider using Bitcoin next time you want to gamble online

Bitcoin and other cryptocurrencies are the most ideal solution as the world becomes increasingly digital. While credit or debit cards and bank transfers are still prevalent, they are a great alternative form of payment to industries like iGaming (online gambling) due to their several benefits.

Benefits of Playing with Bitcoin

If you are a fan of the fast-paced gameplay of roulette, then you best bet that you will also enjoy the seven following reasons why players are enticed to play them with Bitcoin and another crypto.

Roulette, much like gambling itself, is not completely legalized across the world. While you can play it with real money using VPN (virtual private network technology), traditional payments can easily disclose your true locations. So, what’s the solution? Crypto and Bitcoin roulette. You can deposit and withdraw anytime and anywhere because they are decentralized, peer-to-peer, and borderless. 

In this highly digital world, privacy has become an expensive endeavor, more so in the financial sector. Thanks to Bitcoin, you can achieve this condition through public anonymity, which is to feature your address, private and public keys in text strings. Public anonymity is different from the common misconception that Bitcoin is the perfect platform for scammers, black markets, and in this case, undercover gamblers. That is because, through its blockchain tech, all transactions are publicly and permanently recorded in a distributed digital ledger.

In the 1980s, American businessman and retired pro gambler Billy Walters won around $3 to $4 million in roulette in Caesars Palace. As great as this prize sounds, Las Vegas is known for its taxable gamble wins. Now with Bitcoin, you don’t have to worry about extra charges because countries, except El Salvador, don’t consider it as legal tender. 

Standard payments, especially bank transfers, have long periods of transactions that extend between three to five business days. Bitcoin, on the other hand, both deposits and withdrawals take only a few minutes. With this benefit, imagine how many roulette variants you could play and win in just a single day.

Unlike fiat currencies, Bitcoin transactions and deposit/withdrawal amounts have no limits. However, those with really huge sums normally take a longer period due to safety reasons.

If you have played in either land or online casinos for quite some time, then you certainly have heard about the random number generator (RNG). It’s software that guarantees that slot games and simulated table games are totally safe and random. However, that’s just for traditional online casinos. 

In Bitcoin and crypto casinos, on the other hand, they use a much more fascinating algorithm called provably fair. It is a tool or key you use to manually and personally confirm whether or not the site is cheating. In other words, this is another convincing factor that the casino is fair and trustworthy apart from their licenses.

The Different Types of Betting

Roulette is a pretty straightforward game based on 100% luck with a high house edge. So, the challenge really lies in how confident and knowledgeable you are on its 20 and more betting types. They are broadly grouped into four categories: inside, outside, final, and call bets. However, the latter is included below because it’s only legal in a certain number of jurisdictions. 

Bitcoin is a worldwide digital currency becoming increasingly popular among digital audiences. Image: Baona

Inside Bets

These are based on one or more inner sections of numbers on the table:

  1. Straight up – one or more separate numbers
  2. Single – two numbers on the layout that are near to each other
  3. Street – three successive numbers in a horizontal line
  4. Corner or square – four adjoining numbers forming a square
  5. Six line or double street – doubled version of the street bet
  6. Trio or steam – three numbers with one or more zeroes
  7. First four – the first four numbers of the single-zero layout (0-1-2-3)

Outside Bets

These bets are the properties of the inside bets, thus making them more common to appear but with smaller payouts.

  1. High or low – preferred range (1-8 is low and 19-36 is high)
  2. Red or black – preferred color of the numbered pocket
  3. Even or odd – preferred parity of the number
  4. Dozen – any number within the three groups of dozens (1-12, 13-24, and 25-36)
  5. Column  – any number within the three vertical columns of the betting table (3-36, 2-25, and 1-34)
  6. Snake – any number within the zigzag pattern of the betting table (1, 5, 9, 12, 14, 16, 19, 23, 27, 30, 32, and 34)

Final Bets

If you play Bitcoin roulette using a single-zero layout, final bets also offer high winning chances because they are broadly based on the ‘final’ digit. 

  • Final 0: 0, 10, 20, 30
  • Final 1: 1, 11, 21, 31
  • Final 2: 2, 12, 22, 32
  • Final 3: 3, 13, 23, 33
  • Final 4: 4, 14, 24, 34
  • Final 5: 5, 15, 25, 35
  • Final 6: 6, 16, 26, 36
  • Final 7: 7, 17, 27
  • Final 8: 8, 18, 28
  • Final 9: 9, 19, 29