Bitcoin Dice is an innovative and exciting game for cryptocurrency gamblers to enjoy. Unlike traditional dice games, where only six numbers are available to choose from, there are thousands of combinations which could appear when you play Bitcoin Dice at BetKing. Here, we’re talking you through the anatomy of Bitcoin Dice, and everything you need to know in order to play this thrilling game effectively.
Layout Of The Game
One of the most enticing parts about Bitcoin Dice its overall simplicity. With an easy to understand layout, learning how to play the game can be effortless, as long as you understand the purpose of each button on the interface. Here, we’re breaking down the layout of the game, so you know exactly how to play when you make your initial deposit.
Bet Amount – This particular button shows how much you are currently looking to bet. Here, you can enter the exact amount that you want to place for each wager – whether it’s a whole Bitcoin, or just a fraction. The choice is yours.
Profit – When you enter the bet amount, the profit will automatically be filled in. This will adjust itself mechanically, depending on the other factors such as payout and chance.
Chance – One of the best parts about Bitcoin Dice is that you can determine how likely you are to win your bet. However, the closer the chance is to 100%, the less profit you are likely to make. It’s up to you whether you want to take a chance and up your profits, or play it safe – Bitcoin Dice leaves this in your hands. However, you don’t have to set a chance if you do not want to. Instead, you can change the payout which will automatically adjust the chance for you.
Payout – Alongside your chance of winning, you can also impact how much of a payout multiplier you would like to have on your bet. However, it is important to remember the figure that you input as your payout, will have an impact on the chance of the bet coming in, and also your end profit if you were to win. If you choose not to input a chosen payout, the game will automatically default to a 2x payout.
Hi > 90.0999 – If you think that the number which will be revealed is higher than the displayed amount, then you should choose this button.
Lo < 9.9000 – If you think that the number which will be revealed is likely to be lower than the displayed amount, then you should choose this button.
½ – If you want to halve the amount that you are looking to bet, quickly and automatically, then use this button.
X2 – If you want to double the amount that you are betting, automatically, then use this button.
Min – Bet the minimum amount possible on the game, automatically, with this button.
Max – Bet the maximum amount possible on the game, automatically, with this button.
Keyboard Symbol – Play the game using a computer keyboard after clicking this button.
How to play – View a quick demo on how to play the game with this button.
Auto – You can set the game to play automatically for a set amount of time.
Scales Icon – Click this button to find out more about provably fair gambling.
At the top of the game, you are also able to see your account balance, the maximum amount that you can win on the game, how much has been wagered on the game so far, and the number of bets that have been placed by other players on the game.
How Bitcoin Gambling Works
Understanding the process behind how Bitcoin gambling works can help to ensure that you have a seamless playing experience when you’re enjoying our Bitcoin Dice game.
Firstly, it is important to know that Bitcoin is decentralised, and is based around a peer-to-peer (P2P) network, helping to ensure the entire cryptocurrency is far more transparent. Each Bitcoin transaction is encrypted as a mathematical problem, which ‘miners’ then need to solve in order to obtain a ‘block reward’. The block reward provides a fixed amount of Bitcoin which will be created with every new block which is mined. Bitcoin is capped at a maximum of 21 million, and as the cryptocurrency grows ever closer to the cap, the harder the mining will become. However, the price of the Bitcoin is determined by supply and demand, and with the demand increasing in recent months, the price has skyrocketed.
If you’re using Bitcoin to play Bitcoin Dice with BetKing, then the process of signing up, depositing and playing is simple. Firstly, you must place your bet by transferring the amount you want to wager to a Bitcoin address. You are then able to receive more or fewer Bitcoin in return once you have played, dependent on your bet and how much you win and lose. If, however, you’re using Bitcoin as a transaction currency (which is a popular depositing method when playing poker, as opposed to Bitcoin Dice), then you will use Bitcoin to buy-in to a game, and if you win, you are able to cash out with your winnings being accredited to your Bitcoin wallet. If you are looking to play on BetKing with a different cryptocurrency, then the process is similar. Our Ultimate Guide To Cryptocurrencies can provide you with more information regarding the cryptocurrencies, altcoins and tokens which you can use on our site.
Why Is Bitcoin Dice Popular?
There are a number of reasons as to why Bitcoin Dice is a popular game to play, and with the increasing interest in the cryptocurrency as whole, it’s likely that the interest in this thrilling game will continue. Traditional payment methods such as debit or credit card often require some form of fee or charge, simply for depositing or withdrawing, but this inconvenience is non-existent when it comes to playing dice games with Bitcoin at BetKing. With our ‘off-chain’ transaction process, each transaction is completely transparent and secure, while all being logged in order to avoid any form of double payment.
A major benefit of Bitcoin Dice is the fact that the game is provably fair, meaning you can be certain that the game is entirely based on luck (and your money management strategies), without fear of manipulation from the game developers or admin on the site. Bitcoin Dice is one of the easiest, yet most rewarding Bitcoin casino games on the market, so why not sign up to play with BetKing today?
Bitcoin Dice Strategies
Money management is a key aspect to betting on Bitcoin Dice, and there are a few strategies that you can keep in mind when you play with us. While the game is based generally on luck, and is provably fair, you can improve your winnings by implementing some of these strategies. While they are generally best suited to a more experienced Bitcoin Dice player, beginners can also use our quick guide to get an idea of the strategies that they can implement into their game play.
Martingale is a popular and regularly used money management tactic. This particular negative betting strategy can be used across a huge number of casino games – including Bitcoin Dice. This system is cited to increase your chances of winning over the short-term, as you are more likely to win more sessions, but your winnings will be smaller.
The idea behind Martingale is, if you win, you should keep playing with the original bet, and if you lose, you should double the bet that you have placed. The biggest positive with this betting system is that the odds of obtaining a large number of losses in a row is not very high, however, the probability of losing is still 50/50.
Paroli on the other hand, is a positive betting system, and is almost the opposite to Martingale as instead of doubling the bet after a loss, you double the bet after a win. With a 50/50 chance of winning, and the chances of having a huge number of losses in a row being minimal, Paroli offers a great alternative betting system.
With low risks and consistent wins, Paroli is a great option for beginners. However, it is important to remember that the strategy is not fool proof, as there can be losing streaks with any game.
The anatomy of Bitcoin Dice is a simple one, but that doesn’t mean that you should take on the game without doing your research first. Learn the best money management strategies, understand the purpose for each button displayed on the user interface, and bet responsibly in order to make the most of your experience with BetKing. Register or login with BetKing to play Bitcoin Dice, today!