Cryptocurrency Poker Guide

The world of poker is currently turning its attention towards a new way of playing the world’s favorite card game using Bitcoin and other cryptocurrencies. Cryptocurrencies are making online poker more accessible to players worldwide. This article explores how to play poker with bitcoin and some notable differences.

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Poker vs Crypto Poker - The Difference

Crypto poker is the next frontier in online poker and allows players to play poker with increased anonymity from the comfort of their homes, regardless of where they are located. The only thing Crypto Poker brings to the table is the game’s availability, regardless of geolocation. Poker is generally played in enclosed live settings; however, online poker made it possible for players worldwide to play together. Crypto poker takes it a step further, allowing players to deposit, withdraw and show off their skills without restrictions! Here are the notable differences between Poker and Crypto Poker.

Body Langauge

Players cannot interpret their opponents’ body language and cannot make certain decisions because a piece of information is hidden from them. Instead, players can rely on tools like a HUD to replace a valuable piece of information. Still, not being able to see your opponent’s body language is a disadvantage in crypto poker which is compensated by another tool.

Game Speed

The game’s tempo changes considerably as well when playing crypto poker. While playing with a live dealer, players must wait for the table to finish the hand before being dealt in again; in Crypto Poker, they can have several tables open simultaneously. This helps decrease gaming monotony and increase or decrease concentration – depending on the level of play.

Statistical Data

Those who play live poker must notice every cue to have the edge over their opponent. In Crypto Poker, players can rely on statistics provided by the game provider to make calculated decisions on whether to call, raise or fold. These assets make the game less about luck and probability, while live poker hints towards skill and intuition – when reading a player’s mood and body language.

Crypto Poker for Beginners: Basics and Poker Rules

After differentiating between traditional and crypto poker, it is time to learn how to play crypto poker on BTC poker sites. Here are the basic rules for crypto poker for beginners.

Poker Rules

The most common type of poker is Texas Hold ’em poker, where each player is dealt two cards, and 5 cards are shown face up on the board. The goal is to have the best combination but use betting chips to make opponents fold. During each game, there is a small blind and a big blind where the latter place the minimum bet before cards are dealt, and the small blind bets half the minimum wager. There are a total of 4 betting rounds, where players can call the big blind or raise it, and they can be done pre-flop, after the flop on the turn, and after the river. The average “talking” direction is clockwise, and the dealer button is the last to act. If players don’t want to call an opponent’s bet can re-raise or fold, and the game ends when either everyone but one player folds or if it reaches the showdown stage. In the showdown stage, the player with the best hand is declared the winner; for example, two pairs always beat one paid, and players must use 5 cards to have the best mix.

Top 5 Beginner Mistakes in Poker

When playing poker, every misstep leads you closer to losing your bankroll. Most poker newbies find it difficult to learn from their errors unless they lose their whole stack, and while a few mistakes will cost you a few coins, some are dangerously stack-losing and happen more frequently. Here are the top 5 beginner’s mistakes in poker.

Lack of Studying

Studying poker entails examining your play to enhance decision-making and increase your win rate. Poker is a mixture of statistical probability and luck; if you’re not studying game instances, you’re doing something wrong. Learning poker hands – especially your own- will help you make profitable decisions and avoid the game’s luck factor as much as possible. By not studying poker, players fall behind in the game’s meta and can easily be exploited by sharks.

Lack of Patience

Poker is perceived as a quick get-rich scheme, which is often not true. Stop playing poker if your goal is to quickly make $50 or $100 daily. As a beginner, you need to be honest with yourself. We often caution new players, in particular, that the road to poker success is frequently tricky and uncertain. You need to be in it for the long term, learn to become better, and have patience on the tables while studying the game.

Lack of Confidence

Both novice and experienced players may get flustered during games. But new poker players often fear losing or making mistakes because they haven’t played enough poker hands, leading them to make hasty decisions. After all, they lack the confidence that’s built out with time. A player believes that everyone who bets aggressively must have a monster hand and will fold all but the best cards. Overcoming this will require you to spend a lot of time at the poker tables and develop your gut feeling.

Lack of Funds

It’s crucial to manage your bankroll even if you’re a casual player, as most novices are unaware of the importance of considering gaming variance. Even if you’re a good player, losing streaks happen, and it’s essential to have a solid bankroll management plan to avoid going bankrupt in poker. Players should play within their means and have a 100x buy-in as a starting bankroll to prevent the risk of variance and have enough capital when the cards start running hot!

Lack of Manging Bet Expectations

New poker players often do not manage their betting expectations. Due to the popularity of crypto poker and the number of bonuses, VIP programs win, and promotions, new players often expect to win massive amounts of money quickly, so they end up going bust! This idea translates to their betting expectation when they enter poker rooms and affects their gameplay, and as beginners, they must understand that poker is a sport, and when relying on luck, they end up on the losing side.

Top Beginner Tips for Learning Poker

This article is perhaps the most practical advice you will ever read if you are a poker fish. You may go from being a losing player to being a winning player if you take in all of the beginner poker advice provided here. These basic poker strategies won’t make you a pro in 10 minutes, but they will put you on the path to being a profitable or at least a break-even poker player. There are five things you need to do as a beginner in BTC poker, and these are:

  • Always use table position to your advantage
  • Focus on playing premium hands before anything else
  • Don’t bluff players that seem to be beginners
  • Use betting as a way to gather more player information
  • Play against relatively new players
  • Stay concentrated and follow every action and player reaction to understand patterns

Learn how to play crypto poker

Playing crypto poker is very similar to how traditional poker works, the only difference being the medium where it’s played. The foundation and fundamental rules still apply except for the funding method. Here are a few conventional poker games explained below:

How to Play Texas Hold 'em

Texas Hold ’em is the most widely played game of poker, and it’s essential to know the game’s fundamentals before taking a seat at a crypto poker table. Each player in a Texas Holdem poker game receives two cards that are dealt face down, referred to as “hole cards.” After viewing the cards, players have the option to Check, Bet, or Fold when it’s their turn to act. During the game, the dealer must turn 5 cards. The first 3 are on the flop, not before burning one card, then one card is shown on the turn, and a final one on the river. The game session ends when one player is left in the pot, either by making players fold or by beating the other players in a showdown. In Texas Holdem, players can go all in during pre-flop actions, meaning players with good holding at the start can get the upper hand and beat others in the pot. 5 cards are taken into consideration when deciding who the winner is, and 1 can be from the players holding while the other 4 from the board.

Make your opponent Fold is better than going to a showdown

How to Play Omaha Poker

For Omaha poker, instead of the two cards given in Texas Hold ’em, each player is dealt four cards face down. After that, five cards are dealt face up, similar to Texas Holdem. The players must create the strong possible holding using at least 2 cards from their holding and the other 3 from the board. Using one card from your holding and four cards from the board is not allowed in Omaha. In addition, Omaha Poker is often played as a Pot Limit game, where players can only bet a maximum amount and cannot go all in during the flop if they have over 20 big blinds. They can go all in only if they 3-bet or 4-bet their opponents.

How to Play Seven-Card Stud

Before Hold ’em and Omaha hit the scene, the 7-card stud was among the most often played poker variants. The game have no board cards that are visible to everyone. 7-card stud poker rules are a little different from the others since players must instead create the best hands possible using the cards handed to them separately. The objective is to use the seven dealt cards to create the greatest possible five-card poker hand. For high poker variations, the game employs the conventional poker hand rankings. The betting is limited, and your stake amounts are predetermined on each specific street when 7 card stud is played in the fixed limit style. Everyone posts the Ante to start the 7 Card Stud hand. Then each player is dealt three cards, with two of them being face down and the third one being shown for all to see.

The Value of Poker Hands

Your first step to improving as a poker player is comprehending hand rankings. Knowing the best hands can help you improve as a player, win more, and beat your buddies at home or any bitcoin poker site. A royal flush is the highest hand, then a straight flush, a full house, four of a kind, three of a kind, two pairs, one pair, and lastly, a high card. All popular poker variants, including Texas Hold ’em, have this characteristic.

Poker Hands Ranking

Most games are based on standard poker hand values when you bet in poker, and there are ten available poker hand rankings accepted worldwide in the poker game.

Royal Flush

The royal flush is considered the best poker hand. It has five identical cards in a row, numbered from 10 to ace, and all similar suits, for example – 10, J, Q, K, A (same suit).

Straight Flush

A straight flush is a 5 card with values in the same suit that are not a royal flush and can only be defeated by a royal flush or another straight flush with higher-ranking cards. Examples: 2, 3, 4, 5, 6 (same suit).

Four of a kind

Four of a kind is a single card that fits all four suits: 3,3,3,3.

Full House

A hand containing a pair of the same rank cards in two different suits and the same value card in three other suits (three of a kind). example – 3,3,4,4,4.

Flush

Any five cards in any combination from the same suit are called a flush. When two players both hold flushes, the winning poker hand is the flush that contains the highest-valued card.

Straight

Five cards with consecutive numbers and more than one type of suit. In most cases, an ace can only rank as high (above a king) or low (below a 2) in the same hand example – 2,3,4,5,6.

Three of a Kind

A poker hand that consists of three identical cards in three different suits. The hand is completed by the two highest cards remaining in addition to the three-of-a-kind example – 5,5,5.

Two Pairs

Two distinct sets of two cards with the same rank. The hand is completed by the highest-ranked card still in play, for example – 3,3,4,4.

Pair

A pair of identical cards in various suits. The three best cards available make up the remaining cards in the hand example 5,5.

High Card

The weakest of all the hands. Your “best hand” is the highest card in hand. It is the king of spades in this instance.

Blinds and Ante Bets

An ante is an amount the house/dealer charges for the game to be played regardless of a player’s position or whether they’re sitting out. This requirement is often found in poker tournaments, and the Ante is added to the round’s pot. The Ante is roughly one big blind, depending on the number of players at the table.
Blinds are another betting requirement that must be done post-flop before cards are dealt. Blinds are posted by the first people to the left of the dealer. The first player posts the small blind (half the minimum wager), while the second posts the big blind (minimum wager). After each hand, the responsibility of setting the blinds rotates clockwise as the dealer button moves with one seat. Although blinds contribute less money to the pot than the Ante, they do so in an amount that encourages certain players to wager. Big and small blinds have more incentives to participate since they are already invested in the pot; however, they become the first people to talk during the session.

Limit vs. No Limit Poker Games

Texas Hold ’em no-limit games are a popular choice for beginning poker players. Limit Hold ’em was the most popular variation of Texas Hold ’em. Even while limit hold ’em continues to be quite successful and generate good income for many players, no-limit Hold ’em has recently gained popularity. Although limit games have less and less activity, you should decide if it is worthwhile for you to master limit Holdem. Limit Holdem is not very enjoyable. Many players like making large bets and enjoying their games more when there is a lot of activity at the table. You can go all-in on every hand in no-limit Holdem, even before the flop. Good players can have substantially greater win rates than in limit Holdem since they can wager more chips. When playing limit poker, you are fortunate to win one large bet out of every 100 hands; however, in no-limit games, you may often win at least ten big blinds.

The Betting Rounds

An area where betting takes place in a poker hand is called a betting round. There are various numbers of betting rounds across multiple poker variations, and they occur at different points throughout each hand. Each betting round begins with one player still participating in the hand (i.e., hasn’t folded), which must take action – fold, call or raise. Then, the action moves to the next person holding cards. A betting round ends when it has gone around the table once, there are no more raises, and they all have invested the same amount into the pot or have folded. Any of the standard Poker betting structures may be used during betting rounds to specify the maximum bet or raise a player may make. The house may also set additional restrictions, such as a betting limit or a full pot size.

Most common mistakes made in cryptocurrency poker

PLaying the wrong crypto games

A common mistake in crypto games is that users choose the wrong games. It’s recommended that beginners avoid slot machines with a higher house edge. The house advantage for games like Blackjack, Baccarat, and Dice typically ranges from 1 to 2%, making them safe for recreational gaming. To beat the house while playing for money, you’ll need a lot more talent, which requires a tonne of experience. Any platform with a house edge of 10% and above should be avoided.

Forgetting about Crypto taxation

A lot of issues with the federal model of regulated financial institutions are taken away by cryptocurrencies. Like other cryptocurrencies, Bitcoin is entirely decentralized, meaning that it’s not as regulated as FIAT currency. However, governments are taxing Bitcoin and crypto assets. Make sure you consider this before playing Bitcoin poker, even though you may not have heard of it.

Playing without a bankroll

Bankrolls in cryptocurrency poker are essential to understand where you are as a player, how much you’re losing, and if you should go down a level or keep grinding the same stakes. The good part about cryptocurrency poker is that experienced poker players still haven’t found their way to a decentralized gambling platform. Nonetheless, by not having a bankroll set in place, your bets can often lead you to go bankrupt fairly quickly.

Intermediate Poker Tips

After you’ve mastered the fundamentals of poker, you may improve your game by using some intermediate poker strategy advice. First, you must outsmart your opponents and always have a table image of having the absolute nuts – the best possible hand! Even though it is undeniably fascinating, mainly if you’ve managed to convince the other player to go all in, the ideal result of a hand of poker is not to have the most substantial hand at the end or even better; you should make your opponent fold when you’re bluffing and have him call you when you’re ahead.
To advance as a poker player, always keep your bets constant, raising 2.5x or 2x no matter if you’re holding A, A, or 4,3 off-suited. You can go a step further and have polarizing bets to avoid being too predictable. Another way to protect your holdings is to try placing a C bet after the flop and how your opponent reacts. If he’s raising and you notice a pattern of re-rasing you more often than not, it’s possible that he’s bluffing. If he’s just calling, then he may be already ahead. Avoid complicated situations by playing only premium hands and always play the board instead of the cards. But you must always take into consideration the level of play! A fish – a less experienced player – is more likely to call all your bluffs.

Advanced Poker Tips

Play The Board

You’re never playing the cards you’re holding; instead, you’re playing what’s being dealt by the dealer on the board. Therefore, every action of your opponent is a change to get more information, and your bets should reflect a strong poker hand. However, making sounds and “sane” decisions is important when choosing to re-raise on an off-suite 3, when you’ve been representing pocket aces post flop. This is an essential poker tip, especially when you’re last to act, and you can make your opponent doubt his holding.

Bet Your Draws

Betting your draws lets you have the freedom to increase the pot size, and if you have back doors or even a pair, you’re chances of winning are much higher. When the following flush draws, ensure you’re holding the A, as it can give you an advantage if you want to turn your hand into a bluff at the end.

Correct Bet Sizing

Experienced players can smell a fish from a mile away, regardless of whether he’s playing online or live. Bet size can tell a lot about what you’re holding, and you can induce some actions using your bets post or pre-flop. As a general rule, a bigger bet signifies a strong holding; however, that’s not always the case. Contrary to human intuition, a bigger bet doesn’t mean a stronger holding all the time since you want to keep your opponents in the game to get more chips out of them. Keep your bets balanced; try betting 30% of the pot when you have a draw or a pair post-flop. You can mix it in a bit and even check when you have the nuts to give opponents more room to hang themselves.

10 Quick Poker Strategy Tips & Tricks

  1. Keep your pre-flop constantly raised at 2x or 2.2x.
  2. Always play in position your premium hand and your suited connectors.
  3. Aggressively bet your nut hands if you identify calling stations at your tables.
  4. Avoid bluffing if you see lower-skilled players in the pot.
  5. The key to every poker tournament is to get into the money before focusing on winning it.
  6. Leave enough room for your opponents to hang themselves if you have a premium holding.
  7. It’s better to re-raise than to call to find out what cards you’re up against.
  8. Squeeze your opponents when you sense weakness among 4 committed players that have called a minimum raise.
  9. Play the early position when you have the best hands possible and try going all-in to avoid playing out of position.
  10. Extend your range when playing the big blind.

How do I get started with cryptocurrency poker?

Create a Bitcoin Wallet

To start playing decentralized poker, you first need to create a bitcoin wallet. Creating a separate wallet is an excellent idea to increase the security of your cryptocurrency assets. Some exchanges provide wallets that may be used to deposit funds into a Bitcoin poker room. There are five categories of crypto wallets: internet, mobile, desktop, hardware, and paper. The best practice is to utilize an online wallet when making bitcoin deposits at poker rooms or other gaming websites (which can be set up for free).

Convert Funds to Cryptocurrency

After creating a bitcoin wallet, the next step is to convert FIAT to cryptocurrency. After verifying your exchange account, you can purchase cryptocurrencies like Bitcoin, Ethereum, or Litecoin. In most circumstances, you may use a bank transfer, credit card, or debit card to fill your exchange account with dollars, euros, or rubles. Bank transfers are typically credited to an account within 1-4 business days while credit and debit card transactions take minutes.

Sign Up at Your Preferred Bitcoin Poker Site

Open an account with a poker room that accepts cryptocurrency deposits if you don’t already have a Bitcoin poker account.

Make Your First Deposit

Select a bitcoin deposit at the poker room’s cashier. Please enter the required deposit amount, copy the poker site’s Bitcoin address, and paste it into the form to initiate a transfer from a cryptocurrency wallet.

Play Bitcoin Poker

Finally, you are ready to play bitcoin poker. To play poker safely, pick a BTC poker site that is safe and easy based on your criteria.

Do You Have to Pay Taxes on Bitcoin Winnings?

Countries are begging to find means by which they can tax cryptocurrencies. Your winnings from the best BTC poker sites, including Bitcoin, Ethereum, Litecoin, and others, are taxed as countries begin to classify cryptocurrency as “property” for taxation purposes. Therefore, your virtual earnings will be taxed similarly to any other assets you may own, such as stocks or gold. However, most people who purchase and sell cryptocurrency through online exchanges find that including it in their tax returns is not too difficult.

The Takeaways - How to Win in Crypto Poker?

Poker players that succeed do so by using their knowledge. This does not imply that they are more intelligent than you; rather, it indicates that you are not effectively applying your information. If you have read through this article, you have learned the fundamental things you need to win crypto poker. There is, however, much-advanced learning to be done. Choose a poker variation and master it like no one else can. Learn the fundamental logic underlying wise starting hand selection to improve your level right now. Nothing can stop you once you learn odds, pot odds, and anticipated value.

FAQ

Should a Player Trust Too Much on New Cards?

New cards provide advantages, but a player must understand their context, such as what would happen if one or two cards were discarded. Furthermore, kicker cards impact the entire game strategy, according to the advice of many experienced poker players. Thus, it is preferable to concentrate on the cards at hand.

How Many Hands Should a Player Discard in Crypto Poker?

A new player should play only 10% of their cards representing premium hands like pocket pairs or A+ hards.

Should a Player Learn the Poker Lingo?

Learning the poker terminology will help players win more often and understand their next action.

What is the rake in cryptocurrency poker?

The rake in cryptocurrency poker games refers to the cost a BTC poker site collects for hosting the game. Rake is a charge that typically ranges from 2.5% to 10% of the pot in each poker hand. Most BTC poker sites have a cap on the amount of rake they may charge, often $5 for every poker hand.

How do I deposit money into my cryptocurrency poker account?

Players can transfer cryptocurrencies to the website’s crypto wallet and always make sure they’re sending the correct token to the right address.

How do I withdraw money from my cryptocurrency poker account?

To withdraw, copy your wallet or exchange’s receiving address and paste it as the withdrawal’s details in the poker client’s cashier.

Vlad Hategan
Written by Vlad Hategan verified symbol NFT Gaming Specialist
80 Articles

Vlad is a cryptocurrency expert and social media specialist. With a focus on cryptocurrency culture and how network variables affect cryptocurrency interactions, Vlad has learned the industry's complexities. He is committed to sharing his knowledge in various crypto sectors with anyone interested and is always looking for the next big narrative!

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Reviewed and Fact Checked by Will Wood , Crypto Gambling Expert