Planning to invest in Bitcoin casino? Well, Bitcoin gambling is a lucrative industry growing rapidly. With large number of Bitcoin transactions every day, Bitcoin gaming industry is getting popular across worldwide. Here, the important question is either you should spent in Bitcoin Casino or not? Do Bitcoin casinos are profitable for you or not? The answer for all these questions will be discussed below with full explanation.
About Bitcoin Profits
Bitcoin is popular payment system that is widely used by online casinos worldwide. Like every other technology, Bitcoin gambling also has bad sides and good sides. When you will be sure about advantages and disadvantages of Bitcoin gambling then it would be easy for you to make a decision on investment in Bitcoin casino.
Bitcoin transactions are not regulated by any third party so they are not safe but easy to deal with. Also users are anonymous so payment verifications will not be an issue. But anonymous information will not help you out in case of any financial issues or scams.
Before continuing further, you need to have basic idea on the following terms-
- Bankroll – This will give you perfect idea on size of Bitcoin casino. In other words, you will get to know about number of Bitcoins that can be used by players to win.
- House edge – it is taken as total cost on bet that could be variable for different Bitcoin casinos and games as well.
- Variance – Variance is divided into three major categories – Zero variance, negative variance and positive variance. Zero variance means no winner and no losers. Negative variance means there would be more winners and positive variance means number of losers would be higher.
Calculation of actual profits in real terms is never possible in case of Bitcoin gambling. If we talk about the gambling industry then there is lot of variance that has to be faced by the players. All that works in case of gambling is good luck and certain precautions too.
The only thing you can take care of is expected value that can be calculated as Casino profits. You cannot be sure on actual profits but it may be pretty closer to expected value always.
How to find out best Bitcoin casinos online?
Whenever you are planning to deal with online casino sites, it should be well flourished and reputed. Most of the popular websites offer No deposit bonus schemes and free Bitcoins to start your favorite game. Don’t forget to check the reviews by multiple users to sure on authenticity of website. Also popular online casinos offer 2D and 3D gambling games as per your interests and latest technology trends. Here you have the opportunity to decide on best gambling games either it is may be 2D or 3D as well.
Most importantly, if you are planning to invest in some casino then you should read out details carefully. Make sure that you will be getting attractive returns on your investments either monthly or annually. Now all coins added by you will be converted to Bitcoins for your convenience so that you can quickly spend then as you want. There may be certain risk factors but you have to be careful and make intelligent bets only.
This is casino responsibility to save your money from theft. For this purpose, they have two kinds of wallets online – Hot wallet and Cold wallet. For hot wallet there are certain checks on withdrawal and you can get your money after reaching to certain limit only. The other one is cold wallet where transactions are not much safer as compared to hot wallet. SO, whenever you are planning to make investments, you have to play at your own risks intelligently.