8 Facts You Did Not Know About Bitcoin Casinos

by radek on June 13, 2017

Despite the fact that online gaming continues to change fortunes of players, most of them are still unaware of the facts and fallacies regarding this activity. Every so often statements are made regarding the sport which lacks any basis. So what are these facts that you need to know about online casinos and gambling?

1. The legality or illegality of online casinos is unclear in many jurisdictions.
In many countries including the US, there is no regulation that outlaws betting or online gaming, but the federal act prohibits sports betting of whatever nature on any telephone-like device. It is however important to note that state laws are not similar everywhere and on many occasions differ with federal law.

In some countries within the Middle-East, gambling in its entirety including online, traditional brick and mortar and bitcoin, forbidden. In England and the greater west, the sector is seen as a huge contributor to the gross domestic product (GDP). As such, these countries constitute a regulatory framework to ensure there is conformity within the sector.

2. The incorporation of the technological algorithm has benefited the sport.
The random number generator (RNG) is without a doubt the best thing that ever happened to online gaming. Over the years, gamers were quick to allege foul play whenever the outcome of a game was not in their favor. However, the RNG through its cryptographic algorithm ensures that the process is absolutely random and the outcome is not predetermined. This has certainly worked well to boost confidence in the sport.

3. Slots are more popular than table games
In many jurisdictions particularly in the United States, slots have proved to be the favored online casino game. The income generated by the sport too has risen over the years, with online slots now accounting for almost 85% of the profits made by online casinos. Initially, before the advent of online gaming, slots too commanded a lead both in popularity and income generation. Traditional brick and mortar establishments recorded almost 70% profit from slot games. In Europe however, table games are still more respected and adored by gamers.

4. Online casino sign up bonuses are not as worthwhile
Usually, a bitcoin casino would entice potential players by offering bonuses upon subscriptions. These bonuses go a long way in encouraging new sign-ups and increase traffic within a site. A good example would be a 100% bonus to amounts up to $200. This is, in essence, means that the gamer gets a matching bonus for any amounts waged up to a limit of $200. The player would now stand to benefit from the $400 bankroll courtesy of the bonus. But the catch here remains to be the fact that the player has to wager said bonus a certain number of times to stand a chance of getting the prize money from the casino. So the bonus in this case is not as free as one would be led to think.

5. Most online casino outcomes are fair
Before the advent of provably fair into online casino gaming, incidences of rigging and foul play often characterized the sport. In recent years, however, technological developments have seen the introduction of provably fair which has greatly improved transparency of the sport. Individuals can now analyze outcomes without the need of a third party in order to determine fairness on the part of the casino.

6. Online casinos have loyalty clubs too
Just like the traditional land based casino establishments, online casinos too have loyalty clubs. These clubs, otherwise known as slots clubs or players club, track the player’s gaming activity and how much they are willing to risk. This then informs the amount they will reward you in form of rebates and compensation. A player who gets to wage more and spend more hours gaming, is likely to get higher perks. The perks might be in the form of free lunch, dinners and even accommodation.

7. Most information regarding online casinos is not true
In a bid to attract player numbers, online casinos will often approach webmasters for the purpose of creating online sites. The information provided on these sites, however, may not always be true. Claims of huge bonuses to be awarded to players coupled with other exciting offers may often be an exaggeration. Additionally, reviews posted in regards to these online casinos may be altered to paint them in good light. Upon subscription, however, most players get to discover that these casinos don’t stay true to their word.

8. Not all online casinos have good customer service
Many online casinos still struggle with cash outs. Payouts to customers often take long and are often dogged with lots of bureaucracy. Of course, some casinos have endeavored to bolster their reputation by maintaining efficient payment processes. In order to ensure the customers enjoy an excellent service experience, online casinos should respond timely to queries and be swift in resolving issues.

In conclusion
It is vital that you get to familiarize with online gaming in the event that you wish to try out the sport. Having a good knowledge in this field will help you handle things better by giving you an edge.

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