Gambling is always an intimate subject to me; the thrill of waiting for an outcome after each and every spins always gets to me. Finding an online Bitcoin casino in UK to play my trade is a piece of cake nowadays owing to the increasing popularity of online gaming.
However, finding an online casino that will guarantee anonymity was a challenge a couple of years ago. Emergence of casinos accepting Bitcoin has made gambling somewhat anonymous. We have compiled an article aiming at answering a few questions on Bitcoin betting sites and how to make sure you are not defrauded in the process.
Owing to the fact that Bitcoin is largely unregulated, there is always that chance of losing your precious coins if you sign up with unscrupulous Bitcoin casinos. However, some bitcoin casinos have taken an initiative to uphold strict operational standards even without regulation. So, how can you know if a bitcoin casino is fair?
Rogue Bitcoin casinos have a tendency of having an abnormal house edge. The house edge can be calculated from the Return To Player percentage and they are inversely proportional. Meaning, if a bitcoin casino has a high house edge on a specific game, the potential returns from a successful round are relatively lower compared to other casinos. Therefore, it is advisable to calculate the house edge before indulging in bitcoin betting.
Additionally, a fair betting casino should use random number generators to generate random outcomes to ensure fair gaming.
Just as you have to do your due diligence on the fairness of a Bitcoin casino, making sure that a Bitcoin betting casino is regulated and licensed is also of utmost importance. Checking whether a casino is licensed to offer gaming services to specific clientele is another step in validating the trustworthiness of Bitcoin casino. A genuinely licensed Bitcoin casino should have a link to the regulatory body somewhere on the “about us” page.
In UK, a Bitcoin casino subject to regulatory oversight by UK Gambling Commission is more likely to offer better services compared to casino regulated by a body with a hideous name.
Different Bitcoin casinos have different payments terms as well as Bitcoin games. Bitcoin games in this case refers to those games that you can wager using Bitcoin. Well, some Bitcoin casinos may only reserve a handful of games for Bitcoin gaming. Bitcoin games in this case can be several variants of a slots games, Russian roulette, Baccarat, video poker and blackjack just to mention a few.
Apart from Bitcoin games, there are other terms which are subject to vary from one Bitcoin casino to another. For instance, available payment methods and fees levied on withdrawals can change from one casino to another. Here at BestCrypto we always advice our readers to register with bitcoin casinos with alternative payment methods for convenience. Most of the information is readily available on FAQs and terms and conditions pages.