Even though I enjoy the occasional online poker session I don’t tend to make this a habit.
However, as someone who lives in a country that considers gambling illegal, I know that it can be a real pain to find a casino that accepts players from such countries.
Nowadays casinos have a new solution for this issue – Bitcoin.
Since Bitcoin is somewhat anonymous many Bitcoin casinos have started popping up since authorities can’t regulate or enforce these casinos.
This is a very dangerous situation where people are depositing their Bitcoins into sites that may not even be provably fair (we will get to this in a minute).
So this post has two objectives: As I said in the beginning, I’m not that big a fan on online casinos, so my review will be based on user reviews and a detailed examination of each website. Whenever you play at a casino (physical or virtual one) there’s always the suspicion that the house may be cheating.
Of course with the more respected casinos this is rarely the case, but if you go to a somewhat unknown Bitcoin casino site online, how can you know that you are getting the winning odds you’re supposed to get?
A trustworthy Bitcoin casino will know that their “house edge” is enough to make a profit and therefor will want to prove to their players that they are not manipulating any results.
They do this through a mathematical algorithm involving cryptography (read the detailed explanation here).
Bottom line, a provably fair casino will show you how to check that the results of the game you play are completely random. If a casino can’t supply this proof or isn’t provably fair I suggest betting with caution.
Just like you want to make sure the casino is provably fair you also want to make sure the casino is licensed and regulated.
This will be another step towards validating the trustworthy of the specific casino.