Bitcoin casinos are the latest development in online gambling. They are online casinos that allow you to play using the digital currencies such as bitcoin. Many players are trying to determine if there’s anything to it, or if it’s just a fad. Gambling with bitcoin or other cryptocurrencies has been growing in popularity. Playing at a bitcoin casino means you can enjoy instant, anonymous transactions, zero chargebacks, and there’s no need to worry about taxes. However, if you’ve been keeping up with the news recently you’ll soon discover that now may not the best time to start experimenting with bitcoin casinos.
As a result of the Mt. Gox scam and a historic 5-year low (bitcoin now trades under $400), many bitcoin casinos have gone bankrupt and new scams are being revealed with greater frequency. Starting a bitcoin casino doesn’t require an officially sanctioned gambling license. This makes regulating these casinos extremely difficult. Deposit your bitcoins in the wrong casino and your funds could suddenly disappear without a trace.
Bitcoin Casinos – The Advantages
The biggest advantage that bitcoin casinos offer over a traditional online casino is that gambling using cryptocurrencies is considered legal even in jurisdictions where it might otherwise be considered illegal. Another appealing feature of bitcoin casinos is the ability to withdraw funds instantly and without any of the delays you might experience at a regular online casino. Also, since no licensing is required, there are no regulations preventing the bitcoin casinos from experimenting with different types of games or promotions.
Bitcoin Casinos – The Risks
However, some of the factors that make bitcoin casinos seem appealing to players are also why they can be so risky. Because bitcoin casinos are so new and trendy, they attract operators with little capital and very little or no experience marketing and running an online casino. As a result, the majority of these start-up casinos can bankrupt within the first few months, taking your precious deposits right along with them. And, because these casinos are unregulated there is nowhere to file a complaint nor any means by which you can try to reclaim your lost money.
The Future of Bitcoin Casinos
As with all new industries, it may just be a matter of time before bitcoin casinos develop into legitimate gaming establishments. Successful operators will need to find a way to provide assurances to potential players. It’s not enough to offer great games and good service. After all, what’s the point in playing if you can’t trust that you’ll get paid in the event you win? The future of bitcoin casinos is tied to the future of bitcoins themselves. The people who are investing in bitcoin enterprises are doing so because they are betting on the fact that the value of bitcoins will increase significantly over time. But for now, it’s simply too soon to know whether or not that might happen. Without question, the recent news of bitcoin scams has had a negative impact on the bitcoin industry as a whole. That being said, innovation is a good thing and while there are certainly implementation issues that need to be addressed, it’s likely that bitcoin casinos, or something very similar, will indeed thrive in the coming years.
In order to generate maximum revenue operators will try to offer their players the best online casino payment methods. When it comes to deposit and withdrawal methods, players are mostly looking for speed, security, convenience, ease, and small fees. And, while there are a multitude of online casino payment methods available, there are only a few that are considered to be the best by players the world over. The online casino payment methods that are most popular with online gamblers are credit cards, the PaySafeCard, and also Neteller. We take a closer look at these top payment providers and more below.
Until recently the state of Mississippi has generally avoided the topic of online gaming. However, due to a downward trend in the brick and mortar casino market, the state now appears willing to study the online gaming industry. Reports indicate that revenues have been steadily declining in several regions. Since last month’s closure of Harrah’s casino in Tunica the state casinos are bringing in less money and has created a cloud over the industry as a whole. Prior to closing Harrah’s was a very popular gambling destination that attracted many players to the area. Unfortunately an increase in competition from two of Arkansas’ racetracks have also had a negative impact on the market so that alone was not enough for them to be able to keep their doors open. The casino’s closure cost the state gaming revenue and resulted in the loss of many jobs.
Mobile casino gambling means different things to different people. If you took a poll of techies in Silicon Valley asking them to give examples of the “gaming industry” you’d probably hear about games like 
Online slot machines are beloved by millions of players the world over because they are easy to play and potentially offer gigantic windfalls. This is a big reason why they are more popular than any other online casino game. What you might not realize, however, is that in addition to providing lots of heart-pounding entertainment and the chance to win lots of cash, online slot machines also offer a vast amount of intelligence about the world in which we live. You’ll need to make some effort to extract this wealth of information from the games, but you’ll be glad you did.
At an online casino, fair payouts are considered to be ones that reduces the house edge to zero. What does this mean you say? Well, simply put, it means that if a player bets according to these fair payouts over a long period of time they won’t win money, but neither will they lose money. However, it also means that the online casino doesn’t have any opportunity to profit. Online casino operators have numerous expenses. There’s the cost of the software license, providing customer service, paying the auditors, etc. In order to remain in business they must be able to cover such costs and this isn’t possible if they only offer fair payouts. Instead, what they will do is offer players just a bit less than what is fair. There’s nothing wrong with this practice; it’s the only way they can survive. The trick for the online casino operator is determining what payouts they can afford that will allow them to pay their bills, earn a bit of profit (why else would they go to the trouble of providing this service?) and yet, still make the payouts appear attractive to potential members.
Whether you’re talking casino, poker, sportsbook, or bingo, a common feature of each and every one is the casino welcome bonus. Also known as a Deposit, or First Deposit bonus, these offers are created to entice players to become a registered member. The casino welcome bonus is sometimes followed up by other incentives including Reload bonuses, and Loyalty rewards to name a few. You’ll want to be sure to maximize the benefit offered by the casino welcome bonus in order to enhance your odds of winning. There are some different ways to achieve this; simply follow the steps below and you’ll learn the best tips and tricks to extract the most value from these special promotions.
Wherever you decide to play, and whatever game you choose, applying a consistent money management strategy will make your game-play more effective. Managing your online casino bankroll sensibly will allow you to stretch your online casino bankroll, giving you the opportunity to participate in more games than you would if you were spending mindlessly. Below are some essential components of good money management for you to us to get the most action for your gaming dollars.
Why do casinos offer online casino bonuses? It’s important for players to remember that the goal of any casino is to ensure that over the lifetime of the player’s membership, the house wins. Random number generators ensure the fairness of the games, but the odds are still stacked against you. It’s only under special circumstances, such as being able to count cards at a blackjack table, that a player may have an advantage over the casino. In order to entice players who might otherwise be put off the casino’s edge, most online casinos will offer “Welcome” online casino bonuses and other promotions to increase the player’s odds of winning in the short-term. In almost every case, there are strings attached to these bonuses. For example, most of them are game-specific. If you only enjoy playing roulette you might be out of luck. Although most bonuses will allow you to play virtually any slot machine, occasionally you can also find bonuses for blackjack and other games, including roulette, but the advantage provided by these bonuses won’t be quite as generous.
Every day, millions of casino players the world over access online casinos to satisfy their gambling desires. The multitude of casinos one can choose from can make it extremely difficult for novice players to determine which one is the best choice and offer the best return for their money. There are many things that savvy players should consider before depositing a single dollar. The tips provided below have been gathered from seasoned pros who understand the ins and outs and ups and downs of the various operations. By following this expert advice, new players will find themselves not only a safe and reliable gambling destination, but they will also benefit from the best games and bonuses.
