Dub 11

2.5 Years, 3.7 Million BTC: Gambling is the Dark Horse of Cryptocurrency

· April 11, 2017 · 8:00 am

Cryptocurrency gambling is traditionally thought of as a marginal industry; in fact, it has earned 3.7 million BTC in less than three years.


16,000 BTC Profits and Counting

The astronomical figure is the result of data collected since December 2014 by umbrella resource The Bitcoin Strip.

While by no means all of the 66 casinos covered were in operation at the time, the statistics provide further concrete evidence of a sector which is both rapidly expanding and maturing.

Online Gambling Bitcoin

In March, one site Cloudbet recorded the industry’s biggest single win to date – 160 BTC in a session worth at the time approximately $255,000 USD.

“…This is the biggest single round win we’ve ever seen in over four years of operation,” owner Marco Rossi commented at the time. “For us, this signifies a new era in the relentless growth of bitcoin gambling.”

The numbers do not stop there. Last month alone, casinos took in 130,000 BTC in plays, profiting just over 300 BTC. Total profits for the sites listed on Bitcoin Strip for all time currently stand at just over 16,000 BTC, or $19.3 million.

Early Bird Investors’ Cryptoworms

Looking at profits alone, the numbers may only scratch the surface of the vast sums accumulated by fiat casinos both on and offline every day. Nonetheless, revenue from cryptocurrency’s top operators makes the industry and increasingly interesting proposition for both large and small-scale investors.

CoinAgenda

According to Bitcoin Strip, the number one earner for the past 30 days was Bustabit, which hauled in over $67 million in bets. Primedice, a longtime industry name, came second at $49 million.

In total, the top ten earners generated just shy of $150 million in one month.

It is worth noting that not all cryptocurrency gambling sites are designed to appeal to technically-minded players. Concepts which originally sold the industry to its select target market, such as “provably fair” games and other cryptography-centric features, are no longer a necessity.

Bitcoin Strip now includes three categories in its listings: provably fair, fair and not provably fair, helping identify the priorities held by each resource.

Meanwhile, gambling, just like in Vegas, is a world that never sleeps. March saw an average 360 bets per second, Bitcoin Strip statistics report, with just under 3 bitcoins wagered every minute.

Microbetting meanwhile – a key feature of the crypto industry proving popular – is as evident a ever, with an average bet size in March of 0.00013547BTC ($0.16).

What do you think is the future of Bitcoin gambling? Are you surprised by the statistics? Let us know in the comments below!


Images courtesy of Shutterstock

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Led 28

UFC Fight Night Denver: Shevchenko vs. Peña – Bet with Bitcoin

· January 28, 2017 · 7:00 am

Let’s have a look at this week’s UFC fight card and recap the NFL playoff picks from last week to see how we did with our Bitcoin bets. 


Last week, the NFL playoffs came to an end. Now, the Atlanta Falcons will face the New England Patriots in the Super Bowl. To Meryl Streep’s delight there are no NFL games this weekend, but to her disgust, there is a UFC card, and it is stacked. But first, let’s review our last week’s NFL picks…

Last Week’s NFL Picks Recap

The Atlanta Falcons destroyed the Green Bay Packers with a final score of 21-44. The Packers had too many dropped balls and turnovers. In the playoffs, you can not drop that many passes and turnover the ball that much if you want to win.

There was also a crucial turnover when Green Bay fumbled the ball in the red zone. There was enough scoring on both sides that the over 60 was no problem for the game total. In the second half, Aaron Rodgers took the matter into his own hands running for first downs rather than passing to his receivers that were dropping passes left and right.

My picks went 1-1 for this game, Green Bay +4.5 was a loss and over 60 points game total was a win.

The Patriots dominated the Steelers most of the game. In the third quarter, the Patriots sealed the deal with 16 unanswered points. All of the under 50 total points bettors were getting nervous, and then it happened. The Steelers got a touchdown and then, of course, the Patriots answered back with a touchdown and then the under was toast. 1-1 on this game too: Patriots -6 win under 50 points total loss

Picks record for the NFL playoffs is 3-3

Fight Night: Donald Cerrone vs. Jorge Masvidal

Masvidal is coming off a first-round knockout of Jake Ellenberger. After three fights in a row going the distance, this was a noticeable change in Masvidal’s tempo. He is known for being a very technical striker preferring to counterstrike and has lost some close decisions perhaps because his opponent was more active. Masvidal has solid take downs and takedown defense but is known for his stand up.

cerrone

In this fight, he will need to put Cerrone under pressure and back him up. After moving to the 170 lbs. division, Cerrone has been on fire. He is on a four win fight streak finishing all fights in the distance. This fight should take place standing and Cerrone needs to put Masvidal under pressure. If Cerrone stays active and initiates the striking exchanges, I have a feeling that it will be a long night for Masvidal. I do not see Masvidal being able to get Cerrone to back up or that he will be able to out point Cerrone on his feet and get a decision.

Pick: Cerrone 1.62 at Cloudbet

Valentina Shevchenko vs. Julianna Peña

This fight will likely determine the next opponent to fight Nunes for the title. Shevchenko is a highly decorated striker with multiple kickboxing titles. In this fight, her takedown defense will be put to the test. Against Nunes, she had some problems defending the takedown and was not able to do much until round three when Nunes was tired. When she fought Kaufmann in her UFC debut, she surprised many by taking her down in round one. That fight ended with Kaufmann on top in mount.

julianna-pena

Although Shevchenko has shown takedown defense, I do not think it will be enough to stop Peña from getting her down. Since the main threat from Peña is the takedown, this will also make it harder for Shevchenko to use her kicks. When the main part of the fight is up against the cage and on the ground that is the kind of fight Peña wants.

Although Shevchenko is a decorated striker, we have not seen her put anyone away in her UFC career. Peña has shown that she is one of the strongest wrestlers in the division. She rag dolled the strong Cat Zingano in her last victory at UFC 200. Shevchenko’s lack of ability to get up once taken down makes me think this is going to be a long night for her.

Pick: Peña 2.26 at Cloudbet

This fight card also features 17 year MMA veteran Arlovski against up coming Ngannou as well as Alex-Caceres “Bruce Lee Roy” against Jason Knight.

Moreover, next weekend is the Super Bowl. Be sure to drop by as I go over the game and some of the more interesting prop bets that are offered. Once again, our preferred Bitcoin sports betting portal is Cloudbet, which offers some of the best odds on the market.

[Full disclosure: Cloudbet is an advertiser on Bitcoinist.com]

What are your picks for UFC Fight Night Denver? Let us know in the comments below


Images courtesy of  ufc.com, heavy.com

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Úno 03

How to Choose the Best Bitcoin Gambling Site?

Source: bitcoin

Bitcoin-Gambling_bitcoinist

The online gambling industry has recently been caught by a heavy revenue decrease. Government restrictions all over the world have been threatening this healthy industry. The issue has influenced a lot of companies to start using digital currencies to freely provide gambling services to users all around the globe. In fact, gambling has been responsible for bringing a lot of people to bitcoin. Many bitcoin users started to use bitcoin because they needed to find a way to be able to gamble without any restrictions.

Disclaimer: Bitcoinist does not endorse online gambling or any service. Use at your own risk.

Why Bitcoin?

 

Since its launch back in 2009, Bitcoin popularity has grown immensely. Its main properties give it the ability to avoid government control. Bitcoin is immune to certain regulatory restrictions since bitcoin gambling sites don’t need to apply the same regulatory framework that traditional gambling sites need to follow. Bitcoin can even be used as a workaround to surpass government’s restrictions and this has been attracting a lot of people in the online gambling industry.  Bitcoin is now turning out to be a great tool for both gamblers and gambling sites.

Some of the main benefits of gambling with bitcoin:

  • Players can deposit and withdraw anonymously
  • No need for third Parties
  • Play with lower sums
  • No need for third Parties
  • Pay and cash out with bitcoins
  • Provably fair gaming system
  • Fast deposits and withdrawals
  • No need ID verification
  • Accessible from anywhere in the world

Where to play with bitcoin?

 

Today, the bitcoin gambling industry is having a growing boost and we can already find a lot of gambling sites that exclusively accept digital currency. With the enormous quantity of bitcoin gambling sites from where to choose from, picking up a trusted site to put your money turns out to be a difficult task. For starters, you can check Bitcointalk to find a list of bitcoin gambling sites. You will find several options such as Bitcoin Casino, Bitcoin Poker, Bitcoin Dice, Bitcoin Sports Betting, Bitcoin Binary Options, Bitcoin Forex, Bitcoin Lottery, Bitcoin Bingo, and many Other Games.

In this article, we will give our readers some hints on how to pick up the best and most adequate gambling site where you can have fun and be successful.

First, I’m betting, you will probably want to find a safe place to gamble and where you can keep your stack safe, and for that, you will need to find a trusted gambling site. You need to consider a lot of factors when choosing a gambling site:

Trust – Look for different information and reviews on gambling sites can be a great help. There were several websites reviewing casinos and other games, but few are aimed or designed with Bitcoin gamblers in mind. You can take a look at GamblingWithBitcoin.com, where you will find excellent reviews that will certainly help you how to choose wisely.  They have a team of experts in both the online gambling industry and can provide you the best information.

Bonuses & other offers – It is common for many gambling sites offer a first user a deposit bonus and other free bonuses or free bets. You should try to find the one who can give you the best option. Other than that you can also attempt to find the ones who have the best offers for Rakeback percentages.

Events – Sites that promote big events are also a good option.  

Gameplay & Interface – Having a responsive and user-friendly interface is one thing to consider as well.

Player Volume – Another thing to consider (does not apply to all), especially if you are playing poker, is the number of active players. You should always consider finding a gambling site with a considerable number of active players.

Whether it is the classic roulette, blackjack, or Poker, you will need to choose wisely where to put your money. If you’re a casino enthusiast and are looking to start using bitcoin, before running into the first bitcoin gambling site, be sure to follow my suggestions and do your own research.

What do you think Bitcoin can do for the online gambling Industry? Let us know in the comments bellow!

The post How to Choose the Best Bitcoin Gambling Site? appeared first on Bitcoinist.net.

How to Choose the Best Bitcoin Gambling Site?

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Led 19

Crypto-Games: Multi-Currency Online Casino

Source: bitcoin

Crypto-games

Crypto-Games.net is a leading online gambling casino that allows users to play dice, blackjack, slot, and lottery in a provably fair fashion. Players are not restricted to just using Bitcoin, and can also use Dogecoin, Litecoincoin, DASH, Peercoin, Gridcoin and even Gamecredits.

Disclaimer: This article was provided by Bitcoin PR Buzz. Bitcoinist is not affiliated with Crypto-Games and is not responsible for its products and/or services.

Crypto-games offers a signup that takes seconds, due to users receiving a predetermined username. They also have the option to set later a password, and even enable Two-Factor authentication (2FA) for added security.

Crypto-games also offers some of the lowest fees, with instant deposits and the casino covering any withdrawal fees. Edge is also quite low, with dice having a 0.8% edge, and 1.24% and 1.25% for slot and blackjack respectively.

In seven different styles, users can play casino games on both the desktop and a smartphone, thanks to their mobile-friendly user interface. More in-house developed games are planned to launch in the coming future, giving users a wider choice of entertainment.

 The Original Press Release Source is Bitcoin PR Buzz

About Bitcoin PR Buzz:

Bitcoin PR Buzz has proudly served the PR and marketing needs of cryptocurrency and Bitcoin tech start-ups for over 2 years.

 About Crypto-Games

Crypto-Games.net is an online gambling website offering four games – Dice, Blackjack, Slot and Lottery. Our main goal is to offering you to gamble online with virtual currencies safely and responsibly, and our mission is to be the leading digital entertainment company that anticipates market demands and delights our customers by offering smart, safe and fun virtual money games. Moreover, we aim to help as many people as possible to gamble for their own personal needs.

We launched on May 2014 with , our first website DogecoinMachine.net. It was a slot machine game exclusively for Dogecoins. In August 2014 , we decided to offer other, more popular cryptucurrencies to gamble with, so we opened Crypto-Games.net. Soon after launch we add dice game, which we’re improving every day to offer best user experience. In September 2015 Blackjack game was added and in October lottery.

A little background about us: We’re a group of cryptocurrencies fans, who work in IT industries (Programmers and System engineers). We came along with bitcoin back in 2011 and found it very interesting. This leads to the establishment of Crypto-Games.net.

 

The post Crypto-Games: Multi-Currency Online Casino appeared first on Bitcoinist.net.

Crypto-Games: Multi-Currency Online Casino

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