Topic: Top 5 Advantages of Bitcoin Casinos vs. Traditional Casinos (Read 1264 times)

Yes, and as I had said before, when I am in a casino the first thing I try to verify is the veracity of the games, among this is if it has Provably Fair, to tell the truth I always had more doubts regarding those systems, and well I had to Read a lot to see how it worked and how things worked when implemented in a game, obviously in craps it's already very random and in this case things can be seen in different ways, on freebitco.in I always I have seen that things are going well for me there, and as I said before, when I modified some parameters what I did was like worsening my luck, but it is so versatile that the same system allows me to change some parameters that at that time I did not know exactly what was Changing.

When it comes to casinos that only operate with Bitcoin, in the case of feebitco.in, it seems to me that it is excellent, and in fact it is the most accepted in the world, in some casinos when it comes to these games they use Provably Fair Without hesitation, there are other methods, for example, the algorithm that Google has, which is also random, but I don't know why they don't trust that system, I don't see a flaw there, of course, Google's algorithm is completely random without measuring any type of advantage for nobody, and I think that is why they do not accept it, however if they accepted this type of game in a casino, it would be much more beneficial for us as players, because there was no house advantage, it is say, zero home advantage, not bad right? but no casino has that, obviously they don't take risks, they already have a well-earned infrastructure, that's why the house always wins and if they get out of balance for just one game, things would fall to the ground and it would cause big losses, I think that's It is what can be presented mostly, in the same way for those who do not know much how it works, on the Internet in any search it appears and they explain it very well.

The best thing about provably fair systems is that the casino implementing them must provide their algorithms which explains how it works. So, if a casino does not provide this and explain to his customers how they can verify the results, you know they are most likely lying and therefore shouldnnt be trusted.
The only problem is that some algorithms are too complicated and may have some flaws which can be exploited by the casino and most players won't notice that.

I like this system better because I think it's more fairer than the standard ones that most online casino use and I think we can mostly found this provably fair system in the crypto/blockchain space. We must still be careful as there are still shady or scam crypto casinos out there which can only say that they have this system but they actually don't and then there are some who has it but it was only fake.

So, let us make it a habit to always verify the results of our bet if we feel that something is not right. At the end of the day, losses are still there around the corner as casinos are still a business. Also the house edge in Freebitco is slightly higher.

But on a crypto basis, how can you buy crypto that will be deposited if you don't use a crypto exchange to exchange money into crypto?
All forms of crypto transactions in gambling will always involve parties unless you can directly exchange crypto into the bank that is used.
For traditional casinos, I also believe that you can deposit money directly through the bank, but for crypto casinos, that's not how withdrawal or deposit transactions work.

What crypto gambling sites do you use so that you can have easy transactions by directly depositing money from the bank to the site's bankroll?
Try to mention the casino that you use and I will try it because if it is true that the process is that easy, it can be sent directly from the bank, it will make it very easy for all of us in every deposit.
As far as I know, I have never been able to deposit money from the bank directly into the casino bankroll and can be exchanged for Bitcoin or other Altcoins.

Well, if there is something that we always base ourselves on giving as a casino that is good, it is that it has that Provably Fair system, and in my personal experience, I thought that this system was not so sustainable, but as they say, seeing that it can be see the hash and everything, it can be audited very easily, that's something we can't forget.

Any casino with this system must give the player confidence, initially I thought that there must be other systems that are reliable, impartial or something like that to be able to play, because the system is good, but despite that there are people who do not They fully trust, because some say that this can be mnanipublable, in fact they have talked about the simple Google algorithm, which is not bad, but of course I say that Provably Fair is more secure, in this case it could be considered.

When I first came across this system playing at freebitco.in, and I had many ups and downs, in fact at one point I came to question that system, because I didn't see it as very sustainable because I thought it was very biased towards the place, it is something that sometimes I could not understand because when a bad streak began, that was totally frequent, it is as if I was denied that, I could not believe it, so that is why I questioned it, but then when I began to read more about this system, because it has a lot of consistency, as you say, due to the hash, it can also be seen that the seed has a lot to do with it, in my ignorance, I modified all that to see if I was lucky but no, it kind of made everything worse.

In this sense, it can be said that we are more used to Provably Fair and it is the most comfortable and accepted by the crypto-community in general, this is something acceptable and more so when they are only casinos or based on bitcoin.

Well, your point is exactly right and I agree with you, provably fair was introduced to makes the things fair for the gamblers who want to bets on a certain game. The casinos knew that something like provably fair could enhance the experience of the gamblers and at the same time gets the trust of many new gamblers who think that the casinos somehow control the games and they can make them run according to their choice. With the introduction of the provably fair the gamblers got access to the hashes that allow them to check the authenticity of a casino. It was really a good step from those casinos to gain the trust of those gamblers.

You know, a year ago when I started to read about decentralized apps and casinos, I thought that probably fairness in those cases could be directly related to the engraving of information on the blockchain the casino was running on. However, later I realized that doing something like that (using an on-chain transaction for each dice roll or slot spin) would be translated in congestion within the main chain and probably big fees to gamblers, in the case of ETH, for example.

So probably fairness can be off chain and still work okey, as long as transparency remains. Though, I would love to see fairness taken to a new further level within the cryptocurrency based casinos, and with chains which are faster and cheaper nowadays, I think it would be possible to achieve it. (If not has been achieved already and I am unaware of it, that is).

Yes, you are right, even before there is blockchain technology, provably fair has been introduce already. It's that when we have bitcoin and online gambling was it's first use case, then developers will have to find a way to prove that the game is not rigged, thus they also used the provably fair in crypto.

So it's nothing to new to us, traditional based casinos or online based fiat has been doing it for years. Of course there are advantages and disadvantages of both kinds of casinos and still up to us gamblers which we prefer to play and what platform. So can take advantage of both, for if we wanted to.

Well one may not need third-party exchange when making a direct deposit from your personal wallet into your casino wallets,  so with that you may have bypasses the third party system,  but more also we have to understand the fact that we can't do that with traditional casinos,  because the only means to deposit I to them is through your bank account or other third party payment processors.

Such as the master card visa cards and the rest which are all centralized means,  but with a cryptocurrency coin like Bitcoin casino,  I can simply transfer money into my bet account from my cold wallet without haven't to contact the bank for anything.

Many businesses are realizing that their understanding of their customers was flawed, they seemed to believe that while the internet was getting more popular people will still appreciate the experience of buying products on retail stores or enjoy services in this way too, however the evidence is showing that people prefer their convenience over anything else, and if they can enjoy something from their homes then they are going to overwhelmingly take that choice, giving online casinos and other businesses a huge popularity boost especially during the last decade.

I believe there is some sort of confusion here. Not sure about this but I believe provably fair systems have been introduced recently, thanks to crypto casinos. But, technically, provably fair algorithms can work on any casino even if it's not a crypto casino. Those algorithms aren't necessarily based on the blockchain technology or bitcoin. They are based mainly on cryptography.
A fiat casino can offer pf games that are not different from any pf game that crypto casinos offer.
Traceability is also questionable as it depends on many factors. There are some conditions that need to be met before saying transactions from/to a certain casino are transparent.

With online gambling, we can play at our home and at any time. What else do we need ?
This one advantage of easy accessibility of gambling overcomes every other advantage and can be the sole reason of online gambling becoming much popular than the traditional physical gambling.

The only advantage for the traditional casino is the entertainment, like if you used to go to the casino with friends and enjoy the time there. This is not possible in online casino where you are usually sitting alone in front of your mobile / laptop and gambling virtually.

Well, that's how it used to be in the beginning, but things aren't that easy anymore that one only needs to create an account, make a deposit and start gambling, maybe you can be allowed to just make a deposit and start gambling unless you are depositing a very high amount, you will be asked to verify your identity anytime in the process or by the time you ask them to let you withdraw the money you've won, that is one complication that exists in cryptocurrency gambling platforms.

However, it is not something bad but it is only to prevent illegal activities that are carried out using these casinos by criminal minded people, and if we don't comply with these rules, we might either get in trouble or simply not be allowed to withdraw our funds, so it is probably better to choose a trusted casino and go with the flow.

Online gambling has seen a massive increase during the previous years as not only a great deal of business are moving their operations online, but also with the pandemic the habits of people changed, even those which were outgoing and extroverted now spend more time home and as such they need for a way to entertain themselves at home, and gambling is a great choice for those people as they get a great deal of excitement even while they remain at their home, something that movies, video games and many other activities cannot give them.

It's one of the best selling points that blockchain casinos have over traditional ones. The trustless trust system as they call it. It's very hard to emulate this with other existing technologies if you won't use blockchain technology, but it offers a niche purpose which is to act as a verifier of results for certain RNG-type games. Still, it's a great addition, and the best thing about it is not only can it be implemented in the gambling industry, but the same provably fair mechanic could also be implemented in Web3.0 games in the future.

Another benefit of blockchain casinos is that they are global. Most conventional casinos out there are specifically situated in countries that allow them to operate under, this doesn't happen to blockchain casinos as they are decentralized and can operate regardless of border, this spells well for people who wanted to play but are disallowed by their home country due to certain jurisdictions, at least without getting caught.

Yes this can be a great advantage of blockchain based Casino. Here anyone can gamble very easily by just opening an account and depositing some bitcoins or other cryptocurrencies. And since all transactions here are recorded on the blockchain, the whole thing is very secure and trust worthy. And the biggest advantage here is that gambling can be done easily at home in the privacy of everyone's eyes using only a smartphone. that's why online Casino is very popular now

It is always interesting to see how a woman plays, men sometimes have many things that we stop for, on the other hand women don't, women stop before other things that we don't, personally I have always liked to see women play, because if they lose, at least the ones I've seen assume it as something normal, they don't regret anything, I don't know if it's because they spend their husbands' money, but I haven't seen that it causes them anything bad, I've also given that when There are women in online casinos who must have a different type of vision of the game, very different from ours as men, that must be taken into consideration, that's why I think it's interesting

I think that when we are in a casino, if the presence of women can attract attention, in an online casino we do not know who is a woman and who is not, so it is difficult to establish that, but I do not see any difference there, everyone plays, everyone does things in order to win money, to have fun, it is natural that any woman who enters a casino does so wanting to win a lot of money, both women and men have that illusion, I do not see so much difference between men and women in a casino, which Yes, it is evident that we as men get more excited about games, be they casinos, sports betting, we are more intense with those things, of course also sometimes because of the desire to have more money to win, and also to feel the emotion , the adrenaline, that which makes us feel cool.

Since they are for-profit businesses, their primary objective is to increase their money. Despite this, they nevertheless have the duties of making their interfaces easy to use. Many people who partake in online gambling share your feelings of bitterness, so you're not alone in them. You've come up with a rather creative idea in imagining a system of graded withdrawal fees. Gamblers, especially those with limited financial resources, may benefit from this. Users would have more control over their transaction fees if withdrawal alternatives were ranked from fastest to slowest. Let's be honest, though; not every player at the casino has the luxury of patience. Therefore, there needs to be openness, equity, and clarity in the 'time-for-cost' exchange. Each user should have an equal opportunity to profit without having their take drastically reduced by excessive fees.

Even if I think there are some casinos out there that charge too much for the withdrawal fees, we must also consider that if the withdrawal does not get a fast confirmation then gamblers then begin to worry about not receiving their coins and they may even begin to make false claims about the casino scamming them, so casinos prefer to play it safe and charge a large fee in order to avoid those problems, and if this means that some gamblers are not happy for the high fees then they are willing to accept that criticism.

Every sportsbook or casino wants to make profit therefore we shouldn't be expecting them to do everything for us. We're supposed to take care of our fees but the platforms should implement options so we don't have to pay high fees whenever we want to withdraw.

The options should include fast withdrawal, average and low withdrawal options. This option will make it possible so we can select how high we want our fees and be willing to wait the hours it takes for our withdrawal to get to us even though it takes days sometimes.

Everybody pocket isn't equal, some gamblers can spend so much for fees and don't get bothered but for the poor gambler looking to make money been charged so much for fee isn't alright. He should be given the opportunity to select his own fees and wait for his earnings.