Bitcoin Roulette is the most interesting form of roulette (almost comparable to its Russian counterpart). The modern twist in the traditional game of roulette allows greater transparency and makes it possible to play the game without divulging any personal financial information.
Looking forward to placing your first bet? Well ahead we have mentioned some things you may want to know before starting.
How Does Bitcoin Roulette Work?
Bitcoin roulette is a popular variation of the classic casino game that incorporates the use of cryptocurrency. It offers players an exciting and transparent gaming experience, enhanced by the unique features of Bitcoin. The mechanics of Bitcoin roulette are similar to traditional roulette, where players place bets on a virtual roulette wheel containing numbered slots. However, the key difference lies in the use of Bitcoin as the primary currency for wagers and payouts.
When playing Bitcoin roulette, players can make bets by selecting their desired chip value and placing them on various betting options, such as specific numbers, ranges, or colors. Once the bets are placed, the virtual roulette wheel is spun, and a ball is released onto it. The outcome of the game is determined by the slot in which the ball lands.
How to Get Started With Bitcoin Roulette
The first and foremost step is to acquire a Bitcoin, either through mining (which is an expensive and time-consuming process and viable only for large-scale operations) or through purchasing it on the internet. The next step involves storing the Bitcoin, and that can be conveniently done in a web wallet, which operates like any regular payment processor on the internet.
Following this, one must find an appropriate casino, it is not necessary that all Bitcoin casinos allow one to bet on roulette with Bitcoin stakes. In such casinos though, one can deposit with Bitcoin, the real bet is done by converting the Bitcoin in FIAT option, such as USD. If you want to wager purely in Bitcoin stakes, then you must find such a casino.
Once you find the casino, the last step is to make a deposit in the casino. You will then be provided with a Blockchain address unique to the account, which must be copied into the Bitcoin wallet to initiate a payment and start playing.
Bitcoin Roulette Basic Rules
Bitcoin Roulette carries the soul of traditional roulette but has a spirit of its own. All the characteristics are similar to traditional roulette, except the numeric slot wheel, the ball, and the chips, which are virtual. Bitcoin roulette involves spinning the wheel next to the layout. While the European and French Roulette betting area possesses 37 pockets, including a zero pocket, the American version has 38, due to two zero pockets.
A player uses chips bearing different face values and puts them on the layout. The ball spins and the wheel rotates in the opposite direction. The result depends on the color, section, and number on which the ball lands when the wheel stops spinning. The bets which are lost, disappear from the layout and the player can alter his bet completely, before the commencement of a new game.
Experts Tips to Play Bitcoin Roulette
Since Bitcoin roulette allows one to take advantage of several systems of betting, the most effective strategies are as follows:
- Martingale: Higher risk system of staking on even bets and doubling the amount for every bet lost. Cannot lose all the time, since the ball is going to land on even.
- The Paroli: Basically the reverse of Martingale, where the bet is double for every winning and going back to a minimum after 3-4 winnings.
- James Bond: Tactical approach to cover most of the table; 70% of the total on high numbers (19-36), 25% for the second bet on 13-18, and 5% for the third bet on zero.
The traditional casinos suffered from the issues of transparency and lack of anonymity, which are now non-existent. The added convenience of getting prize money within hours through the Bitcoin wallet is also appreciable, unlike the regular casinos, where it takes multiple days to receive the winning amount.