The advent of crypto casinos took the world by storm and revolutionized the online betting industry. These casinos usually offer hundreds of games, ranging from slot machines to table games to sports betting and poker.
Casinos like this are often better than online casinos, as they offer everything from convenience to swift payments. However, like the former, winning at Bitcoin casinos still requires strategy, skill, and a degree of luck. The following sections will reveal strategies to help players beat the house, maximize wins and discover Casinos that accept Bitcoins.
Understanding the House Edge and How It Affects Your Chances of Winning
The house edge, as the term implies, is the mathematical advantage that the casino has over the player. It represents the average gross profit that the casino expects to make from each game. The higher the house edge, the lower the players’ chances of winning.
For instance, the house edge on American roulette is 5.26%, meaning that for every $100, the casino will keep $5.26. European Roulette, however, has a significantly lower house edge of 2.70%. The house edge on blackjack is the lowest; it can be as low as 0.5% to a little over 2%.
Strategies to Beat the House in Cryptocurrency Casinos
Although Bitcoin casinos set house edges so they can always have an edge over the player, you can still beat them in a few ways. Here are a few tips and strategies to win the house in cryptocurrency casinos
Choose Games with Low House Edges
As previously stated, finding games with low house edges is a great way to increase your winning chances. Yеs, thе house always wins, but it is possible to win something from thе house. One of the ways that you can do this is by choosing games like blackjack, baccarat, or craps.
Below are some of the games with the lowest house edges in Bitcoin casinos:
- Blackjack: 0.5% to 1.5%
- Baccarat: 1.06% to 1.24%
- Craps: 0.5% to 1.41%
- Video poker: 0% to 5%
- Roulette: 2.70% to 5.26%
Before jumping in and playing, it is essential to note that the house edge can vary. It may differ depending on the specific game and the rules on the ground. Therefore, it is advisable to research before deciding on a game.
Use Optimal Betting Strategies
If you play games like blackjack, for еxample, thеrе are some strategies you can implement to increase your winning odds. Some popular betting stratеgiеs include thе Martingalе systеm, thе Fibonacci systеm, and thе D’Alеmbеrt systеm.
Martingale System
The Martingale system is a negative progression betting system. This means that you are expected to increase your bet after each loss. The aim is to eventually win a hand, thereby recouping your losses and making a profit. However, this strategy can be risky if you enter a losing streak.
Fibonacci System
Much like the previous one, this system is a negative progression betting strategy. The difference is that it uses a sequence of numbers where each number is a sum of the last two. It starts with 0 and 1, followed by 1, 2, 3, 5, 8, 13, 21, etc. So, if you bet 1 unit and lose, you must bet 2 on the next hand. If you win, you bet the next number on the sequence (3).
D’Alembert System
Unlike the first two, this strategy is a positive progression system. This means that you only increase your bet after each win. You will eventually lose a hand, and your losses will offset your previous successes.
Set a Budget and Stick To It
You must understand that winning at Bitcoin casinos is often 50/50. There is no guarantee that you’ll win after you place your bet. Therefore, it is essential to set a budget and stick to it to avoid overspending and debt. Here are some ways to help you develop and stick to a budget:
- Before you start playing, determine how much you can afford to lose
- Decide on the sessions you want to play and dividе your bankroll into smaller amounts for each
- Many Bitcoin casinos offer gambling control tools like betting and deposit limits. You should utilize them.
- Avoid chasing losses. If you reach your limit, take a break for the day.
Using Bonuses When the Currency is Overvalued and Playing with Real Money When the Currency is Under-valued
Another way to outsmart the casino is to use bonuses when the currency is overvalued and then play with real money when it is undervalued. This strategy is based on the idea that rewards are more valuable when the currency is high. Real money, on the other hand, is more useful when the currency is low.
You can win big when you take advantage of bonuses at a time when a currency is priced high. You can also maximize your profits when you play with real money at a time when the currency is priced low. Many Bitcoin-betting experts recommend this strategy.
Choosing the Best Crypto Casino Site
The Bitcoin casino site that you choose also matters when it comes to increasing your odds of winning. If the Bitcoin casino you sign up for is not reputable, you will lose in the long run. Here is a guide to help you choose reputable Bitcoin sites:
- Do your research and compare different crypto casino sites to find the ones that suit you
- Look for overviews and ratings from reputable sources
- Check if a recognized gaming authority licenses the site
- Ensure that they offer a variety of games with low-house edges
- Confirm from other players that the casino pays out
Staying Up To Date with News and Trends
When it comes to playing at crypto casinos, staying up to date with the latest trends is essential. Cryptocurrencies are highly volatile assets, and an announcement from the media can ruin the result of your bets. You can stay updated by:
- Following reputable news sources that cover cryptocurrency and betting. A few examples include NBC News and Analytics Insight
- Keeping an eye on the latest trends and updates in Bitcoin casinos
- Joining online communities and forums dedicated to Bitcoin betting
- Following influencers and experts in the Bitcoin betting field on their social media platforms
Conclusion
Although the house edge implemented by crypto casinos gives them an undeniable edge, players can still gain an advantage. The first step to maneuvering the system is to find games with a low house edge. Afterward, utilize the tips in this guide with proper bankroll management, and you could effectively beat the house in cryptocurrency casinos.
