Bitcoin is continuing to grow in popularity, particularly in the world of online casinos as more and more accept it as a way of depositing funds. American gamblers are keen to use Bitcoin as their payment method, but once a deposit has been made, how do you make it go further?
The payment method, together with other cryptocurrencies like Ethereum, is a popular one simply because it is easy to use. It’s a safe way of making deposits and withdrawals at online casinos and other gambling sites. Security is so important, and the use of blockchain tech means Bitcoin can’t be stolen or changed in some way.
The online casino industry is a highly competitive one. Each site will do its best to get new customers. One way they do this is to offer bonuses. This could see that the initial deposit you’ve made with Bitcoin be matched by the online casino. How much you receive varies from site to site.
A good bonus will see you have more to play with so that Bitcoin deposit will extend your casino gaming. However, it’s not a case of just looking for the online casino that has the highest bonus and registering.
When searching for gambling sites that accept Bitcoin, some research is needed. Thankfully, some websites have plenty of helpful information on areas such as security, bonuses and the amount of support available.
With bonuses, it is important to read the terms and conditions. That applies to any other promotions. There could be high wagering requirements, and that will make it hard to get any return from the bonus that can be withdrawn.
Look to join an online casino that has a bonus with low wagering requirements. Also, one that has few restrictions on the games the bonus given can be used on. If there are restrictions, even if fair ones, make sure you follow them. Some games may contribute more towards meeting the wagering requirement. Play them, fulfil the wagering requirement and see more funds received from the bonus given.
Games on the online casinos will have what is called a house edge. Another name for this is the casino advantage. The size of the house edge tells you how much the game in question will pay out on average over its lifespan. The figure given will indicate to you which games are the best to play in terms of giving returns to those who play them.
If you want the Bitcoin deposit you have made to last as long as possible, the house edge is very important. It’s best to play the games that give good returns; that means more wins heading your way and that balance of yours increasing.
For example, take slot games; you need to look at the Return to Player (RTP) figure. It should be given in the rules of the game. Online casinos are packed with slot games, but many have a low RTP. Those who have high ones often require the player to make an increased stake to boost their winning chances. Playing a large number of pay lines will also give you an increased chance of getting wins. They might not all be big ones, but the smaller wins will keep your account balance ticking along nicely.
A slot that has a progressive jackpot that can reach millions of pounds will have a low RTP. That jackpot win would change your life, but your Bitcoin balance may swiftly disappear if you spend all your time chasing it. That’s particularly the case with slots that want players to be making maximum bets on each spin to improve their chances of triggering the progressive jackpot.
Games such as blackjack, baccarat and video poker are also available at online casinos. Blackjack may have a house edge as low as 0.5% if you follow a basic playing strategy. That’s a good house edge compared with other luck-based games like roulette, which has a house edge of 5.26% in American Roulette games (where there is a zero and a double zero segment).
In all table games, where you can easily make costly mistakes, see if you can first play a demo version. Use that as a training session before using those valuable Bitcoins you deposited. Otherwise, the chance of them not lasting long will increase.
A great time awaits at online casinos but always gamble responsibly. Don’t chase losses because your Bitcoin deposit won’t last long if you do. Read up about the bonuses and promotions and play games with a low house edge and ones you understand how to play. Then your Bitcoin deposit will last longer.