Guest Post

How to Win at Bitcoin Dice

Written by: Coinpedia

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Crypto Journalist and Editor of guest articles in CoinPedia. I am also handling Outreach & Partnerships Manager. Contact me: [email protected]

    May 14, 2021


    The choice of Bitcoin gambling is expanding every day. New casinos, bookmakers, and poker rooms that accept cryptocurrencies are appearing. Nevertheless, the most popular games remain Bitcoin dice. Thanks to the automated betting process, complete anonymity (players sometimes do not even need to register) and provably fair gaming technology, Bitcoin Dice is considered to be the most secure and reliable online cryptocurrency game.

    Is it possible to roll the dice at Bitcoin casinos or play slots with a 100% chance of winning? Some people believe that it is real. On the Internet there are a lot of ways to beat the casino, using certain game schemes. How they work, practice will show. The ideal method, unfortunately, does not exist.

    Whether it is a Bitcoin casino with a single dice game or a whole complex of different games, each service has its weak points, which is used by enterprising people. This is not even fraud in its pure form, but a timely response to flaws or errors in the system. Use the game schemes or not, it’s up to you. The main thing to remember is one rule – never buy any secret methods. If some scheme is available for free, try it, maybe you’ll be lucky.

    As mentioned above, many Bitcoin casinos with instant withdrawal give good bonuses for the first deposit. You can, after all, make the first transaction, collect high bonuses and use the instant withdrawal feature of the Bitcoin casino to send Bitcoins to your wallet. It would seem that this scenario could very well work, but the casino will never allow more to be taken from them than they get. There are always conditions on the withdrawal: time, minimum amount, 1000 games played and so on.

    In the light of the above, the conclusion suggests itself – it is possible to earn in Bitcoin casinos without investing, but you need to understand the principles of the system functioning. What algorithms are used to calculate winnings, who can provide high bonuses and how to wisely use the satoshi collected by taps or games. If you are not interested in such questions, you won’t be able to earn anything. In this case everything will depend on luck.

    Dice is a component of many board games that gives them an element of randomness. Dice is used not only as part of other games, but also as a game itself with different variations of the rules. On the Internet Dice is associated with a fairly simple game based on the theory of probability, so this game has gained the most popularity on the web.

    The rules of the game are very simple – you need to set any number, then bet on one of two options: more or less than the specified number will fall on the dice. The most common choice is number 50 (for the bitcoin game) or 7 for the cash game. With this option bets for more or less give equal odds to win x2 and x2.35 respectively. The graphic animation itself in the game is not important and some sites do not use it at all. In Dice, a variety of strategies come to the forefront, allowing you to play with minimal risk, and even go in the plus over small distances.

    The minimum risk was given by a modified roulette strategy based on doubling bets. In dice this strategy is more relevant, due to the fact that in roulette the range of possible bets many times smaller and limited by the size of the minimum and maximum bets.

    You need to bet on a range of numbers greater or less than 7 (for money games), or on a range greater or less than 50 (for bitcoin games), which will give us odds to win x2.35 or x2 respectively, and the chance of winning just under 50%. That is, any bet we make will double if we win. In case of loss the bet should be doubled, in case of winning we return to the initial level of bets.

    It is necessary to have a reserve of bankroll, it is desirable to have not less than 15 bets with doubling. I.e., to play with 10 satoshi needs to keep 3.27 mBTC on account. In the case of an increasing bankroll, you can also increase the size of the bet. It is worth noting that not a single strategy does not give 100% results in the game in the long run, but it is created for minimal risk reduction and maximization of profits.

    The odds of winning can also be chosen in advance, so pay attention before you roll the die to what percentage you have chosen to win and what payout you will receive if you succeed. You’re all set to “roll” the die and be rewarded if the right number comes up. According to the rules of the game you either win or lose a bet, there can be no draw results. The win depends on the odds you bet before the game starts.

    Betting is the only thing you have to do when playing dice on Bitcoin. Betting sizes and odds to win may vary from site to site. A distinctive feature of playing on cryptocurrencies is complete anonymity. To bet you do not need to enter anything except your Bitcoin wallet address. Once you have placed a bet on a certain outcome, the winnings will be credited back to you.

    Types Of Dice Games

    Some developers have reworked the original Bitcoin dice concept a bit, adding interesting options to customize the outcome. In the standard game, you would win if the number drawn was less than the number you selected in advance. Now there are opposing versions, where you win if the number is greater than the one you picked, and there are versions with a combination of both, which offer even better odds of winning.

    One thing to consider is the winning percentage of the gambling establishment itself, a kind of zero. This percentage can vary from 0.5 to 2, so some sites try to take more, when the winning percentage of another site may be almost invisible.

    Security Dice

    As the process of bitcoin dice betting is completely anonymous, you need not fear for illegal use of your personal data. The service is built in such a way that it works autonomously from any other sites, so deposits and withdrawals are as fast and secure as possible.

    All the same, do not forget that it is better to keep bitcoins in your wallet, so do not leave large amounts of money stored on gaming sites.

    The system of provable fair play works perfectly in bitcoin gambling and allows the player to check the fairness of this or that outcome. This is made possible by the fact that each game before the start of a special code is attributed. After the game is played, this code can be used to find out if the result is correct. In fair games, the result of checking the code and the result, which gave the game site, always coincides.

    Withdrawals and Payments

    All deposits are credited very quickly and require only one confirmation before your account is credited with Bitcoins. Withdrawal is fast enough: it requires 5 confirmations for the first withdrawal of Bitcoins and only then your wallet will receive funds. This is done in the interests of security of the development team, so that there is additional funds for the entire time of the game.

    The first request can be processed longer. The bets of unverified players are checked more thoroughly for fraudulent actions. In this regard, it is more advantageous to pass the identity check as soon as possible. In popular online casinos you can get the money within 5 minutes to 24 hours after ordering. Less promoted resources pay out winnings up to 3-5 days.

    Note that online operators set a higher minimum limit for cards than for other methods. Thus it is possible to withdraw larger amounts. Commissions are set separately for deposits and withdrawals. Some reliable sites deduct funds from all transactions. In other cases, the money is withdrawn only for one type of financial transaction.

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    Crypto Journalist and Editor of guest articles in CoinPedia. I am also handling Outreach & Partnerships Manager. Contact me: [email protected]

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