Bitcoin is a decentralized type of digital currency you can keep track of using an encrypted blockchain. It’s hard to trace but it’s also hard to fake or counterfeit. At the time of this writing, one bitcoin is equal to $46,000.
If you play bitcoin roulette it’s like playing online roulette but with bitcoin involved. You’ll probably need to play a fraction of a fraction of bitcoin in light of its high (if inflated) market value at present. Bitcoin has indeed come a long way from its time as in-game currency equivalent to pennies.
Cryptocurrency Gambling? It’s More Likely Than You Think!
- How is Bitcoin Roulette Done? You bet on BTC Roulette the same way you’d bet on regular roulette (or at least its virtual counterpart). You’ll be asked to bet on a number and the onscreen graphics will showcase the roulette wheel turning with the ball landing on a numbered slot.
- It’s Basically a Number Betting Game: The videogame version of roulette in its essence is a number-betting game, with this variant specifically having you bet on BTC. The spinning roulette wheel and ball moving towards a slot is just for show, unlike with real roulette.
- Crypto is Viable Gambling Money: Unlike during the first few years of crypto like bitcoin where it was mostly used to do in-game transactions and they were worth about pennies, 1 BTC now costs $46,000 at the time of this writing, so of course casinos are interested in them.
- Bet on Roulette with Fractions of Bitcoins: Because of the quite frankly inflated price of this crypto caused by people investing big and expecting a huge payout as BTC becomes more widespread, you’ll notice that the wager on such bitcoins come in many decimal places.
- Wager on Inside and Outside Bets: Just like regular roulette games offered by casino sites, you’ll notice that betting BTC on roulette involves inside and outside bets. However, this time around the betting process becomes more streamlined because even the currency is digital.
- Direct BTC Wallet Access: Some roulette sites allow you to send your wager directly from your BTC wallet for even more convenience on your part. This time around, the BTC wallet sends the bitcoin to their bets’ dynamically registered addresses.
- You Can Bet Without Registered Accounts: When betting on the dynamically registered address of your bet with your BTC wallet, you don’t need a registered account or the rigmarole of having to deposit betting money for your wagers. Your wallet is the account and the payoff goes to it.
- Some Sites View Account Creation as a Must: There are other gambling sites that wish to do things traditionally. You have to make an account with them in order to deposit the BTC you wish to bet on for roulette and other casino games or else you can’t play.
- Varieties of Roulette: Roulette differs according to the number of zeros on the wheel. American roulette is double zero or has 2 zeros. Bitcoin Roulette is based on European roulette, which has 1 zero. In French roulette, if the player gets “zero”, then the rate of 50% is lost. The remaining 50% go to the next game.
