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The new and fast emerging trend of using cryptocurrencies like Bitcoin in online casinos is dominating the gambling industry. As of now, there are hundreds of online casinos that allow you to bet with Bitcoin, and new ones are coming up every day.
The rise of the crypto gambling market is explainable. This is one of the first times that the casino industry is trying something new and never-before-used in the gambling space. Even though the traditional casino industry transitioned to online gambling, the principles remained the same.
However, crypto casinos are very much different. They offer you to gamble in a unique way of using your Bitcoin in a much safer, and more secured space.
But is there a difference between gambling in a regular online casino and a crypto casino? And whether or not the same strategies apply in both casinos, we will find out in this article.
Bitcoin Gambling Strategies You Should Consider Before Gambling
When it comes to Bitcoin gambling at crypto casinos, it all comes down to the type of games you choose to play. Each game found in online casinos offers different payouts, odds, and chances of winning. However, in order to make sure the entire process goes as smoothly as possible, there are a few strategies that will help you get the highest potential in your next gambling session.
So, in today’s article, we will highlight some of the things you should consider towards making your gambling strategy using Bitcoin.
Choose a Reputable Bitcoin Casino
Now even though we talk about crypto casinos as they are more secure and safe from scams, this doesn’t mean that you cannot fall into a trap. Unfortunately, since crypto gambling is quite popular at the moment, there are a lot of scams or untrustworthy casinos online that can squeeze every Bitcoin out of your wallet.
So, before starting your gambling session it is really important to find a legitimate crypto casino that ensures the safety of your funds.
There are a few things to consider before signing up at a Bitcoin casino, such as:
Consider Currency-related Risks
Even though gambling with Bitcoin comes with many benefits, Bitcoin is still a volatile asset and the price can go up or down very fast. This is why you always need to be prepared for a situation like this unless you want to lose a big value on your investments.
You can also try to time the volatility while gambling too. For example, you can get casino bonuses when the price of Bitcoin is high, and use the funds when the market price goes down. That way, you’ll get more play time and chances of winning without spending more crypto.
Bitcoin is a digital asset that is heavily impacted by all kinds of global news. Therefore, knowing how to use Bitcoin will give you a huge advantage.
Bankroll Management
Additionally, you need to know how to manage your bankroll. This is one of the most important things when gambling online no matter if we talk about traditional casinos or crypto casinos. Managing your bankroll requires you to set up clear rules of engagement.
For example, most professional players set goals on how much money they would like to get before playing games, or how much money they are willing to lose per gambling session.
Try Provably Fair Games
Provably fair games are unique types of game-specific for Bitcoin casinos. They are named this way just because you and any other player can inspect the results generated by the game at any given moment. This means there is no need for testing agencies with such titles.
These types of games are run on the blockchain and since this is a decentralized technology, nobody can cheat the system.
However, you still need to be cautious just because there were a couple of scams where crypto casinos host provably fair games without providing any means for testing.
Learn How to Fractionalize Bitcoin
Each bet on an online crypto gambling website depends on the price of Bitcoin. This means investing 0.005 BTC is different when the price is $65,000 and $23,000. This means that you need to learn how to calculate Bitcoin in order to know the amount of money you should invest per bet.
Of course, this depends on the website. Some crypto casinos allow you to deposit crypto, but you gamble with fiat currencies, are others allow you to bet with crypto.
If you are new to the crypto market, it is best to find a website that will convert each bet into fiat currency just for you to have an idea about how much you are investing.
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