Topic: ⭐ BTCGOSU ⭐ Your Trusted Guide to the Best Bitcoin Casinos ⭐ - page 64. (Read 27266 times)

Hey guys,

there is a new exclusive GOSU signup deal - this time with Trustdice. If you sign up through BTCGOSU and activate bonus code "FS202010150858" on your bonus page, you will receive 20 Free Spins with no deposit needed for Fire ligthning slot. There is a 40x wagering requirement (yeah, as usual...) and a max cashout of 0.001 BTC. If you haven't checked them out yet, it could make sense if you do so through the GOSU.  

I have already updated the Trustdice review: https://www.btcgosu.com/review/trustdice/

Quick Reminder: All our available exclusive deals can be found here: https://www.btcgosu.com/bitcoin-casino-bonuses/exclusive-bonus/

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Thank you very much for getting in touch and pointing this out - my review wasn't correct there, my apologies. I have already edited the information. There is a withdrawal fee and for BTC it is 0.0002 BTC atm - that is indeed to cover transaction costs.

With regards to your suggestion - yeah, someone else also requested this just recently and I will do something about it. Thanks again!


I haven't tried them out yet and I am afraid I won't be able to do so right away but I have added a new to-do here - thank you for the recommendation!

Dear efialtis and BTCGOGSU team,

Jacksclub released their new game, Mine. They have a new game and a mine contest. You can check their game and their contest for your review.

Hello efialtis, I am in the process of building a list of casinos with free withdrawal fees and I used btcgosu as reference.

Can you please clarify your review on Wolf.bet? You said there is no fees for withdrawals.

I assumed that you mean all fees related to withdrawal but a transaction fee is mentioned in Wolf.bet terms.

bakasabo brought it to my attention https://bitcointalksearch.org/topic/m.55377831

Perhaps an additional information should be added in the review if network fees are indeed shouldered by players?

Its true but his sentences could be interpreted in another way . Its kinda like saying do you actually win in lower edge site and I just response to that


This is how I was explaining it to him with my examples and In theory for the long run, you are still going to lose X amount depending on the wagered amount and the house edge ( average )

Yes you get the higher win rate but doesnt mean you are going to 'win' unless you are lucky that variances strikes to your side 

Actually, Text's assumption about house edge is correct. You can easily translate house edge into winning chance in game such as 'Dice'. As I explained in the post above, dice game's house edge is nothing but the win chance of house less win chance of player.

And your first line is wrong, Lower House Edge certainly means your chance of winning the bet is higher than the casino offering higher house edge.

Consider two casinos, A and B. A having house edge of 1% while B having house edge of 4%. Now suppose you made the bet with 2.00x multiplier betting on the above range. Now in order to win the bet, you have to roll a number between 50.5 and 100 in case of Casino A whereas between 52 and 100 in case of Casino B.

Suppose, you roll result is 51.07 then you will win the bet on Casino A but lose the bet on Casino B even though your multiplier is same. In other words, win percentage on Casino A is 49.5% while on Casino B is 48%.

Many of the casinos explicitly mention their house edge on the website or ANN, like this:



But even if casino doesn't clearly state its edge, you can easily find out the house edge of the provably fair games. I will give you few examples:

1. DICE

First look at the image below:



In order to win 2.00x, you have to roll above 50.50 or below 49.50. So your winning chance is 49.5% which means the winning chance of house is 50.5% which brings house edge to = 50.5 - 49.5 = 1%.

You can calculate Dice Edge for any casino using this method. For example, odds of winning 2.00x on FreeBitcoin's DICE is 47.5%. Hence, house edge of FreeBitcoin is = 52.5 - 47.5 = 5%!! One of the highest among leading casinos.


2. CRASH

For crash, you can't find house edge by observing the game itself. However, it is possible by looking at the provably fair script. Generally, provably fair casinos post their scripts publicly for players to verify under separate pages like 'Fairness' or on the game page itself. For example, here is the crash script of Tower.Bet taken from (https://tower.bet/fairness#fairness-crash):



Do you see one less float is divided by 99 in the highlighted part? So the edge of the Crash game is 100 minus this number. In this case, since it is 99. So the house edge of Tower.Bet's Crash game is 100 - 99 = 1%. You can easily find out the edge of any crash game if the casino is using the same script. Just minus the number from 100.

3. ROULETTE

Roulette is one of the traditional casino game unlike Dice and Crash which are unique to Crypto Gambling. So, you can easily search how the house edge is calculated in traditional casino games like Roulette on Google. However, I will still give an overview of the Roulette game available on Roobet. On Roobet Roulette, you can win:

2.00x by betting on Bronze
2.00x by betting on Silver
14.00x by betting on Gold

However, total number of coins are 15.

So the house edge when $1 is wagered on 'Silver' or 'Bronze' coin:

1 * 7/15 - 1 * 8/15 = 6.67% House Edge

The house edge when $1 is wagered on 'Gold':

13 * 1/15 - 1 * 14/15 = 6.67% House Edge

Formula Used: (Expected Win * Win Percentage) - (Expected Loss * Loss Percentage)

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0.5% house edge. I am not aware of any such casino. 0.5% is very low house edge and maybe risky for crypto casinos to run with such low house edge. However, there maybe some long-running casinos providing such low house edge but I haven't heard of one.

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Yes! You are right, lower the house edge, better you stand a chance to win the bet.

On btcgosu, crypto.games probably has the lowest edge of 0.8% on their dice game but yes there were some sites that did offer 0.5% house edge in the past.


House edge doesnt work like that, Lower house edge doesnt really mean your chance to win is actually higher than site with higher house edge.

Assuming that you are going to play on a dice game for 1000 rolls and you wager $1 per roll, there will be two options

If you play on a site with 2% house edge and wager $1,000 , you are going to lose around 2% of your wagered amount which is $20

If you play on a site with 0.5% house edge and wager $1,000, you are going to lose around $5

This is estimation based on the house edge of the games you are playing and of course you could be winning huge or even lose alot more while you wager until $1,000

I just want to ask, how do you know what percentage of the house edge a provably fair game has?  Are you asking for support or is there a basis for finding out?  As far as I know, there are casinos or games on offer that have a house edge of 0.5%, is that true?  Does that mean, when it is lower the chance of luck or win rate is higher?

Yeah, maybe a new tab "comparisons" would make sense - great idea! Thanks!

Lol... thanks for that remarque - the pros and cons content was there but I forgot to add the respective shortcode... this is fixed now!

Ah ok, that makes sense  . Maybe you could create a tab: Overviews. There you could place the dice and crash comparisons and all the future ones.

One small remarque: normally you end each review with a short summary of pros and cons, but this is missing in the Betchain review.

Yeah, I have started with that - I will post an update as soon as I am done with all of them. Hehe, thank youuu so much for the compliment but still waaaay to go!


As usual, I am honest - those pages are important for SEO stuff and I don't know a better place to tbh. Regarding Dice and Crash comparisons, yeah, the tools page is pretty "hidden" but then again, I don't really see them belong under casinos - or do I? Well, that's one of the hundreds of things I am going through each and very day - I will make up my mind and try to find a better solution! Such feedback is once again super helpful!

Regarding Telegram, I opened a little group (unofficial, no fancy stuff yet)... Don't expect a lot going on but a few ppl have already found their way. It's https://t.me/btcgosu

Excellent! I have just seen you are constantly adding the KYC info on the various casinos overview. It really makes a difference to have that sort of info straight on top. Now it will be a bit hard to find another good add, I guess you have almost everything! 

Thank you very much for your feedback - I have edited the Bitsler review! I didn't mention the withdrawal fees though - I may do that in one run and add such info for all sites.

Hello efialtis, I looked at your review on Bitsler today, when you have time maybe you can add to their list their new game Plinko.  Minimum bet: 100 sats.  And maybe you can also add to their overview the blockchain fee to withdraw: Low: 20K sats, High: 60K sats.

And as for the Blast game, auto cash out is set to 2 as default.

I agree. The whole point of my proposal is that the player should be warned from the start (and before ever depositing any money). The very sole mention of KYC/AML on a site's Terms and Conditions should warn the player to carefully read those terms. Since GOSU main goal is an informative one I believe that simply pointing out whether there is or not some sort of policy related to KYC/AML is enough.

Hello,

Some small suggestions: in the dropdown menu for casinos, I would remove High roller bitcoin casinos and mobile bitcoin casinos.  I don't really see the benefits of these lists. I would just keep the global list. I would also replace the Dice and Crash comparisons to a more prominent place. Right now, you really need to search before you find this; I would place these comparisons under casinos.

Not really interested in a telegram group, as I never use this  .

This is what I thought while reading the proposal. Maybe it would make sense in your listing to indicate if there are already known cases (for example here in Bitcointalk) where KYC was actually requested. Personally, I don't know of any cases, but I can well imagine that especially when paying out large amounts of money, KYC documents must be submitted - for whatever reason.

If you read the phrase - here, for example, from Duckdice - it might be an easy way to use it to keep the user's funds - eg. for larger payouts - until KYC was performed ... :



... a payout of larger amounts can take quite some time if, for example, BTC must first be transferred from the cold wallet to the hot wallet of the casino.

Yeah, I will try adding a KYC (Yes / No / with short info) on each review page in the next few days!

Good idea which is ideal way to do by certain site which could give a good hint to the people who hate KYC to stay away for the site if they doesn't want to do a KYC and to make understand to people who agree to do it. And it could lessen the question about KYC discussion since I'm the first place they are been warned about this upon signing up.

Good! Thing is the player should be warned before signing up and/or when the platform updates their T&C. Happened to crypto.games for example (now they require KYC for certain countries to deposit).
So it could be like this
KYC

• Yes
• Y/N, check T&C
• No

In my example crypto.games is Y/N, yolodice is No etc.
Makes sense?