Online gambling with Bitcoin has started for around 10 years ago with the popular Dice game where people had the chance to use their Bitcoin for gambling for the first time. It is a very simple game where a player has the chance to bet on the Dice roll to be over or under a certain value. The payouts are 99% which means the House Edge is only 1%.
With time gambling with Crypto Gambling Sites grew like all the other things that can be done with Bitcoin. The Dice game now has many more competitors like Plinko, Hilo, Keno, Mines, Wheel and Crash. The Crash game is becoming even bigger than the Dice game.
Bitcoin Crash is one of the easiest Provably Fair Bitcoin Casino Games to play. All you have to do is set a pay out ratio and hunt for it. You start playing with defining a pay out you want to win and bet till you get that pay out. If the number coming up is the same or higher than your predefined pay out, you win the bet.
Bitcoin Crash outcomes and pay-outs are totally and Provably Fair. Thanks to the 100% verifiable seeds and hashes for each bet you can verify the results after every bet you make. This hunt for chasing a high pay out is often symbolized by a rocket icon at the Provably Fair Bitcoin Casino Sites. So ‘follow the white rocket’ if you are on the hunt for a Bitcoin Crash game.
Provably Fair gambling is a new concept from Bitcoin gamblers and it ensures that the outcomes of the games are totally random and fair. According to Wikipedia the system works as follows: ‘In a provably fair gambling system, a player places bets on games offered by the service operator. The service operator will publish a method for verifying each transaction in the game. This is usually done by using open source algorithms for random seed generation, hashing, and for the random number generator. Once a game has been played, the player can use these algorithms to test the game’s response to their in-game decisions, and evaluate the outcome by only using the published algorithms, the seeds, hashes, and the events which transpired during the game. In a simplified way, players can always check that the outcome of every game round is fair and wasn’t tampered with, and so can the game’s operators. As such, cheating is arguably impossible.’
With regulation issues being a constant challenge on Bitcoin, it also effects the crypto gambling universe. That’s why using a Provably Fair casino site is very important in order to ensure the safety of your bets and keep it fun.
Written by: Bitpunter – https://bitpunter.io/
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