Bitcoin and Online Casinos: A Match Made in Heaven

Bitcoin and Online Casinos: A Match Made in Heaven

Technology has revolutionized every aspect of modern life. From learning, transportation to communication, there are innovative technologies making life easier. In the world of gaming, the same trend continues with online casinos gaining prominence over brick and mortar facilities.

With more than half of the world’s population online, online casinos now have more people playing. This also comes with an upsurge in revenues.

The current size of the online gambling market is almost 46 billion U.S. dollars, with forecasts expecting it to double by 2014. This shows the popularity of online gaming over traditional casinos. 

Why Online Gaming is So Popular 

People can now play their favorite games on mobile devices, laptops, and PCs from any location.  Internet technology has made it more convenient to play from anywhere. With the latest technology, you can enjoy more thrill at an online casino compared to your local brick and mortar casino.

At an online casino, you have a wider range of games which offers more excitement and opportunities to win. It is also easier to learn any new game using resources provided on the best online casinos.

However, the main attraction for online gaming has to be the multiple bonuses new players receive. Online casinos offer a variety of bonuses including welcome bonuses and loyalty casinos, deposit casinos among other irresistible offers. These bonuses allow beginners to learn the ropes using bonuses and at the same time, win some money.

Cryptocurrencies Set to Redefine Online Casinos

But things are set to get even better. The internet technology as spawned safer and more convenient payment methods. A few years back, the idea of cryptocurrencies might have sounded farfetched, but today, you can play live casino at Bitcasino and pay with bitcoins or other accepted cryptocurrencies instead of fiat money.

Cryptocurrency is all the rage in the internet landscape. For an online platform that urgently needed a safer way to make a payment, Bitcoin and other cryptocurrencies have come in as a godsend.

Cryptocurrencies are digital assets which work as a medium of exchange just like an ordinary currency. However, the main difference is in the encryption techniques used in the generation of units, transfer, and any other operations of these units. Everything is independent of a central bank.

The potential in cryptocurrencies has seen most tech firms investing heavily in the industry. Facebook is the latest company to join the fray with a recent announcement to create a new cryptocurrency named Libra.

Facebook has joined forces with 28 of the largest companies in the world, including Visa, Paypal, and MercadoPago, as part of the Libra Association developing the cryptocurrency’s code.

In online casinos, many players have expressed fears over payment methods available. As online privacy concerns continue, the gaming industry is increasingly resorting to cryptocurrencies as a solution.

Why More Online Gamers Opt to Use Cryptocurrencies

If you already play at online casinos, you appreciate the convenience that comes with these platforms.  Most likely, you have had reservations with the security of financial transactions due to the growing data loss across all industries.

With cryptocurrency now accepted at online casinos,  players will enjoy an array of benefits including:

1.      Security/Total Privacy/Anonymity

 The best thing about cryptocurrencies is the fact that there’s encryption at every point. This means the player and all transactions remain anonymous. If you have always felt uncomfortable sharing your details at an online casino, you can now play without any fears.

2.      Cost-savings

One of the most frustrating things for online casino players is having to pay multiple fees when withdrawing winnings.  With Bitcoin or other cryptocurrencies, you will save a lot of money through no or minimum commissions.

To enjoy an advantage regarding higher payout percentage, you need to consider playing using cryptocurrencies. There are no fees for bank transactions which eat into your winnings.

3.      Easy Funds Transfer/Withdrawals

One of the main advantages of cryptocurrencies is in making money movement easier. When playing at an online casino, you will find it tedious to transfer funds from your bank to your account.

The same applies to transfer of winnings from your account to your bank or any other destination.  Players sometimes shave to keep a large amount of bankroll online due to the complexities of transferring cash, and this is risky.

With cryptocurrency, all these problems don’t exist. There’s no third party involved in processing your winnings. You can make withdrawals from your account any time or top up your bankroll in seconds to continue playing.

4.      Extra Cash-back Incentives and Bonuses

Most online casinos that accept cryptocurrencies enjoy more activity and extra revenue. They promote the use of this new mode of payment through a variety of bonuses and other incentives. This adds to your bankroll and allows you to play more.

Final Thoughts

There’s no doubt that online gaming has revolutionized the casino industry. However, concerns over the safety of financial transactions on these online platforms have prevented some players from taking part.

With the arrival of the safer and more convenient cryptocurrencies in the online casino landscape, things have are now better.

From Bitcoin (BCH), Litecoin (LTC), Zcash (ZEC), Ethereum (ETH), Monero(XMR) to Ripple (XRP), you have a plethora of cryptocurrencies to choose when playing online.

A Short History of Roulette

Roulette is one of the most loved games in the casinos. It has made many appearances in movies and books and we can all agree that the gambling world wouldn’t be the same without it.

But when and how did roulette become so popular? Today we want to have a look into the history of a game that is much more than just a fun opportunity to gamble.

The history of roulette, as we know it today, goes back to the 18th century. The first form of the game was devised in France which. Up until today, we still use the French word “roulette”, which mean “little wheel” when we are talking about the game.

Beginning in France

Some historians believe that a primitive version of the game was played already in the 17th that was introduced by Blaise Pascal who found it when he was looking for a perpetual motion machine. Roulette made its first official appearance in a novel that was published in 1796. So, we know for sure that roulette was played in the Palais Royale in Paris that year.

During the first years, the wheel itself looked a bit different from what we are used to today. The single zero was marked red and the double zero was black. In the 1800s the colour of the zeros changed to green to avoid confusion. Wheels with a single zero were introduced a few years later in Germany.

Monte Carlo and Las Vegas

Roulette became more and more popular and in the 19th century, it was known all over Europe and the US. Quickly, it was the most loved game in the casinos. When Germany introduced an anti-gambling law in the 1860s, the last remaining location to play legally was Monte Carlo. In Monte Carlo, the wheel with the single zero became the premier game and was later exported all over the world – except for the US, where double-zero wheels remain popular.

Until the mid of the 20th century, there were only two gambling locations around the world: Monte Carlo and Las Vegas. In 1970, casinos became more popular around the world and there were many new locations. Nowadays, you will mainly find single zero wheels, except for North America and the Caribbean.

Recent History

During the last years, a lot of things have become different. With the invention of the internet, people nowadays love to play roulette online. The first actual online casino started in 1994. Since then there are many different operators and people are spoilt for choice. Everyone can now decide themselves if they want to play the American or European type of live roulette and follow a gambling strategy without the distraction of the actual casino.

And there have also been some changes to the wheel itself. The casino in Las Vegas recently introduced a triple-zero-wheel which has spread already to some other casinos worldwide.

History has shown that the appearance and the location might change every now and then, but roulette is a game that is here to stay.

Roulette in films

The game of Roulette has also played a part in the history of film and has appeared in a lot of popular movies over the years.

The wheel begins to spin, and everyone hopes their number will come up. Roulette is full of tension and players can win or lose a fortune. It’s no surprise then that the game has been included in plenty of movies. Let’s look at some of its appearances.

Bond at the Table

It was perhaps inevitable that roulette was going to make its way into a James Bond movie. That was the case in the 1971 movie ‘Diamonds are Forever’ starring Sean Connery as the superspy. 007 may prefer card games such as baccarat but the roulette wheel also attracts his attention.

You Must Remember This

‘Casablanca’ is best known for the song ‘Play it again Sam’ but roulette plays an important part in this classic 1942 film. There are high stakes indeed when the wheel begins to spin. Whether a couple can afford to flee to America depends on winning at roulette. Rick (played by Humphrey Bogart) fixes it for the number 22 to win twice enabling them to make their escape.

22 Isn’t Always Lucky

I guess what happens in the 1985 movie ‘Lost in America’ could be termed an Easter Egg. In this movie David and Linda Howard (Albert Brooks and Julia Haggerty) leave their jobs and go on a road trip across the USA. They end up in Las Vegas and disaster strikes when Linda hits the roulette wheel. She loses all their money after continually playing the number 22. Where’s Rick when you need him?

An Indecent Proposal Indeed

Fortunes can be won and lost playing roulette and it’s a pain if that happens on your honeymoon. That’s what happens to Diana and David Murphy (Demi Moore and Woody Harrelson) in the movie ‘Indecent Proposal’. Little did they know what the repercussions of their poor luck would be. Billionaire John Gage (Robert Redford) has the solution to their monetary crisis. But will Diana spend the night with him for $1m?

Run Lola Run

This 1998 German movie has a gambling storyline but is a bit confusing. It has three different endings (if only the spin of a roulette wheel could be that way). Lola (Franke Potente) needs to get 100,000 marks in just 20 minutes to prevent her boyfriend being murdered, no pressure then. One storyline sees Lola enjoying a lucky streak on the roulette wheel to win the money but then gets a shock when she meets up with her boyfriend.