Popular Crypto Gambling Strategies
The Martingale System
Martingale is an ancient but useful approach that dates back to the 18th century. It is used in gambling and investing to lessen the likelihood of losses by simply increasing the stake to compensate for a previous loss. For example, if you bet $5 and lose, you must double your next bet to $10. If this doesn’t work out, try again with $20. Repeat this process until you win. The winning stake covers all of your losses and still leaves you in profit. Start with small bets and have enough funds to tolerate a protracted losing streak. Eventually, there will be a winning bet.
The Paroli Strategy
The Paroli strategy is the inverse of the Martingale strategy. Instead of focusing on losses, this technique attempts to optimize profits from winning streaks. For example, if you bet $10 on black and the wheel turns red, you lose. You place another bet for the same amount, but this time the wheel comes to a stop on black. You’ve won. Now bet twice as much as you did the first time. You will continue to place subsequent wagers with a double amount as long as you are winning. When you lose, you just return to the base bet amount, in this example, $10
Choose the Right Casino
This may sound like a cliche, yet it is all too easy to neglect. Choosing the right wagering platform has a significant impact on your success as a gamer. There are hundreds, if not thousands, of casinos offering various services, but not all are good. First, you must establish legitimacy. There is no margin for error here. Signing up with unlicensed operators is like shooting yourself in the foot. They lack accountability, and there is little you can do if they decide to withhold your money unfairly. You should also consider the house advantage, which reflects your possibility of winning out of every ten bets. Next, look at the game selection.
New titles are always exciting to play, but it’s also crucial to discover a few games that you’re already familiar with. Find any other unique features that set a casino apart at this point. Competition has led to high rates of innovation in the gaming industry as different sites scramble for their share of the market. Take advantage of this to grant yourself an awesome gambling experience. Among these are features such as provably fair games, house dividends, and bonuses. Dividends do exist in the gambling sector. The notion is new, but it is quickly gaining traction. Some of the leading profit-sharing websites include Wagmi, BetFury, and Bitcasino.
Pick the Right Games
Casino games are not equal. Some are easier to play and have better odds than others. This is a crucial factor to consider when selecting which titles to play. The higher the RTP, the better your chances of winning. If you are using a bonus, read the terms and conditions and only focus on games that have the highest count toward wagering requirements. These will be slots in most cases. Lastly, it’s essential to stick to games you understand. If you want to try something new, first play it in free mode until you are fully conversant with it.
Be Aware of Cryptocurrency Volatility and Risks
Cryptocurrencies have been notorious for high volatility since their inception. It’s not uncommon to see huge, unexpected price swings happen overnight. This can be a double-edged sword. It’s good when the price is moving rapidly in your favor, but on the other hand, you risk losing most of your funds if the opposite happens. No wonder you are advised to invest only what you can afford to lose in digital coins. When using volatile virtual coins to gamble, you want to buy them when the price is at its lowest and cash out your winnings when the value has gone up. This might mean having to wait until crypto’s value goes up before you can withdraw. If all this sounds cumbersome, stick to stablecoins like Tether.
Check the Rules of the Game
Apart from the general operator terms and conditions, some software providers also set specific conditions for their games. Always read them through before staking your money. Second, you want to understand the rules surrounding your favorite titles before wagering. Gameplay might seem all fun, but a simple mistake might make you lose due to not understanding the rules. For example, when playing a crash title such as Space XY and Avatar, you need to understand that you can either use auto or manually cash out. You also need to be aware that in these kinds of games, the player has full control of the outcome.
Manage Your Bankroll
Considering that gambling comes with the possibility of winning or losing, bankroll management is key. You’re lucky if you start with a winning streak. Otherwise, it’s not strange to lose your first few bets. Calculate your wagers within the maximum budget you are willing to spend. Never bet with more than you can lose comfortably. If, for example, you have $100, you may want to divide it into ten $10 bets. This gives you a longer lifespan than just staking the money on two wagers. It’s best practice to start with small bets and only increase their size once you have made some profits.
Take Advantage of Bonuses & Promotions
Use bonuses and promotions to bankroll your gambling. Some operators, like Fortune Jack, offer new users a sign-up bonus of up to 6 BTC. With this, you can comfortably take bigger wagers, meaning your profit will be higher than if you were to only depend on your capital. Promos also mean you have a longer lifeline and a buffer against losses. Always read the bonus terms and conditions before using any offers.
Advantages of Decentralized Casinos
Decentralized gambling is the safest way to play online as it takes control away from casinos, meaning manipulation is greatly eliminated. Security is guaranteed by distributed nodes that work independently and unanimously. This system means any form of manipulation, hacking, or foreign influence will be quickly quashed from the blockchain. Decentralization also keeps records immutable. Once a contract has been created, such as setting game odds, and winning combinations, an operator cannot change the terms. So if you play dice and the rules are to roll 3-3-3 to win $400, nobody can stop you from getting your money if you win. The best part is that you can verify game outcomes using a provably fair system. Hence, decentralized casinos give you unmatched levels of transparency that also boost your trust and confidence.
Pros & Cons of Crypto Gambling
- Specialized crypto bonuses
- Fast transactions
- Low deposit and withdrawal fees
- Offers privacy
- High level of transparency
- The industry is still under-regulated
- Crypto volatility risks
- Extra fees for currency conversion
We hope you found this piece informative. Feel free to implement the strategies shared on this page. You are free to research further and optimize your gaming until it’s successful enough. Remember, there is no surefire strategy; otherwise, the casino industry wouldn’t be attractive. With gaming, you simply want to close any loopholes that could lead you to unnecessary losses and find ways to maximize wins whenever luck is on your side. After all, we are in this for fun first. So find the best casino, pick your favorite games, and start betting with different strategies like Martingale and Paroli until you find which one works best. You may want to try these out on free play to avoid risking your hard-earned money. Lastly, always game responsibly. Don’t chase losses, and limit the time and funds spent at the casino.