Games Powering Bitcoin Gambling Casinos - PowerPoint PPT Presentation

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Games Powering Bitcoin Gambling Casinos

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  1. Games Powering Bitcoin Gambling Casinos

  2. Gambling is the act of wagering money or anything that contains intrinsic value such as materials like commodities. The wagers take place on an event with different possible outcomes with its primary purpose to earn further cash or materials. Gambling has a rich history most people are unaware of, and it is one of the earliest sources of entertainment for individuals. History points out that one of the first few forms of gambling took place on 2300 B.C. in China. From here on, gambling branched out into different forms, which eventually led to the development of online gambling sites. Bitcoin integrated As the gambling world evolves, payment methods progress with it as well. Traditional payment methods such as fiat currencies display its weaknesses over time, and innovation is bound to take over. This resulted to the introduction of Bitcoin as another alternative payment system for online gambling platforms. The cryptocurrency technology displayed its advantages for online gamblers, which presents online anonymity, a safer network, provable fair systems, and faster processing of transactions. This eventually move onto the sprouting of Bitcoin casinos, which easily caught the attention of both long-time and rookie bettors. Apart from the advantages of Bitcoin as a payment system, games were developed to specifically cater to the Bitcoin gambling market. This includes unique dice, slots, lottery, and table games.

  3. The popular Bitcoin gaming market continues on to provide players with exciting games along with opportunities to multiply their cash. Today’s virtual currency gambling scene commonly features to following games: Slot machines Probably one of the most popular casino games for both players and non-players, slots are typically present on every land based and online casino. Players insert or place their desired amount and press a button to make the reels spin. Prizes are given if the player hits a certain sequence or combination of the symbols on the reels. Furthermore, slots heavily rely on random number generators, which mean players can never predict the outcome of a spin. Slot games vary from one casino to another. Some may offer more reels and some may offer fewer. Nevertheless, the processes involved to play remain the same. Lottery Another familiar game for most Bitcoin bettors is lottery. This game is part of the rich history of online gambling and one that has existed for decades. Lottery involves the drawing of lots for a prize. Players choose a sequence or a series of numbers from a given set of digits. Numbers are drawn after a period of time, and if the bettor matches the results, rewards are given. Just like slots, Bitcoin lottery games come in different forms but typically retain the same basic principles and processes of the game. Hence, this makes it one of the most attractive online gambling games due to its simplicity.

  4. Roulette Roulette is a game that the French colony revolutionized, and is one of the most recognizable games found on a casino floor, be it online or land-based. Virtual currency gambling and mobile casinos carried over the tradition to brands that specialize in Bitcoin payments, which in return improved the overall experience a bettor gets. In the game, bettors may choose to place bets on a single number, colors, a combination of number, or whether the number is odd or even. Determining the winner is simple. A ball is placed on a spinning wheel which contains all the numbers and the colors players placed their bets on. When the spinning stops, the ball will eventually land on a number, if a bettor matches with the specific number or color, rewards are given in return. Card games These typically refer to distinguish games such as blackjack, baccarat, poker, and other card based games. Baccarat –This game involves a hand of two to three cards for each player. It is a comparing card game between the player and the banker. The game’s objective is to obtain a hand whose point total is nearest to the number 9, which determines the winner.

  5. Poker – Possibly one of the most admired card games of today is poker. The game consists of two or more players that are given cards that are shuffled at random. Players bet on the value of their cards—called the hand—and the wagers are placed in the pot. Everyone is given the chance to win the pot, but the player who has the highest hand wins the round. Blackjack – A straightforward card game that is also one of the most widely played on both Bitcoin gaming websites and brick-and-mortar casinos. Players are dealt cards with the goal of their combining value summing up closest, or without exceeding the number 21. Furthermore, this game comprise of only the player and a dealer. Bingo Bingo is a game where cryptocurrency bettors are supplied with a card that contains random numbers printed on them. Draws are made one by one, which correspond to the numbers provided on the card. However, not all cards have these numbers on them. As the player marks of each number on their card, the goal is for the player to mark off five numbers in a row or another required pattern. Furthermore, some casinos offer Bitcoin bonuses that complement bettors’ winnings. Sports betting Sports betting is also a huge part of the digital currency gambling scene as part of its community consists of sporting event enthusiasts. This form of gambling involves predicting of the end result of a specific event and placing wagers on the outcome. Furthermore, sports betting with Bitcoin similarly relate to traditional and well-known online sports brokers but employs virtual currency as its payment system.

  6. The Bitcoin gambling revolution Moreover, digital currency is starting to make a breakthrough not only in the online gaming scene but also its possible applications on different fields like purchasing products online and financial instruments such as binary options trading and forex. There are still challenges for the cryptocurrency to overcome. However, despite its young age in the gambling niche, it proved to be a strong contender as another mainstream currency for the bettors. Its innovative nature further draw in the attention of more individuals as it exhibits its numerous advantages for online gaming.

  7. Sources/References: Bitcoin Games - Bitcoin Slots - Bitcoin Roulette -