How Blockchain Will Disrupt The Gambling Industry
Gambling with Crypto is More Fun
The symbiosis between crypto and gambling can only get stronger–we live now in a world of mass adoption of blockchain. As the likes of J.P Morgan get into the space of zero-fee stock trading apps to compete with the likes of Robinhood, the Microsoft-backed Bakkt project will take digital assets and cryptocurrency holdings to the next level.
In 2018, it’s clear gaming and gambling have very bright futures indeed. Blockchain technology is gradually creeping into every industry and, in the coming years, its presence will be felt like never before. However many analysts believe it could make its big breakthroughs in particular in the realm of gaming, in-game assets, and gambling. It’s only human nature that we spend time where there is an aspect of entertainment and rewards.
Blockchain is Ideal for Online Casinos
The use case for Blockchain is especially attractive for Casinos. It’s simple. Blockchain can provide customer experiences that are private, cheap, legal and accessible while enabling the likes of Bitcoin and Ethereum to have even more applications.
Blockchain can also provide more trust in Casinos and transparency for customers. A Casino that integrates crypto might is also seen as more progressive and adaptive to new technology, than one that does not.
Blockchain technology can give consumers better insight into how a Casino operates and make it impossible for a “house always wins” scenario to be true by any form of manipulation or setup. So blockchain integration in a Casino removes some of the pain points for consumers to fully enjoy activities at Casinos. Online Casinos that are blockchain based will have an advantage over those that are not.
Provably Fair technology is unique to bitcoin gambling and adds to the transparency of bitcoin online casino by verifying bet outcomes were correct and fair.
The system is based on the fact that bitcoin uses a cryptographic algorithm using hash functions, which are very difficult to decode or break.
What is Provably Fair Gambling?
Open Algorithms are used by online gambling operators, in the form of Random Number Generators, Hashing or Random Seed Generation to verify each transaction that takes place on its site. Each game or transaction has its own algorithm for checking its particular fairness.
Blockchain platforms are 100% transparent and immutable. Purchases and pay outs are open to all on public ledger which cannot be tampered with. A program code can oversee the entire process, and zero human interference is involved. The specifics of how the system work are quite interesting.
FortuneJack is One of The Casinos That Is Rising to the Occasion
In our endeavor to provide you with educational material here at FortuneJack, we are launching FortuneJack Reads which will be a collection of articles published on our blog concerning recent big topics in the crypto world. Improved trust and reduced fraud means blockchain-based Casinos are more trustworthy.
While Bitcoin was not the first cryptocurrency in history, it was the first one to provide a decentralized structure. At FortuneJack we currently accept 8 kinds of cryptocurrencies:
- Bitcoin
- Litecoin
- Dodgecoin
- Ethereum
- ZCash
- Dash
- BitcoinCash
- Monero
Winning Bitcoin might turn out to be even more fulfilling than winning a fiat currency. This is also because the price of cryptocurrencies, after its latest drop in 2018, is likely to go up in the future. Blockchain is making it easier for consumers as they seek new, convenient and fun opportunities to play.
Other Top Casinos With A Large Selection of Provably Fair Games, Fast Deposits & Instant Withdrawals
#1 BetChain
BetChain is an impressive casino and one of the pioneers in the Bitcoin scene. Since it was established, the casino has focused strongly on servicing the Bitcoin community. Only lately the casino has opened up its doors to traditional currencies, but its identity remains strongly defined by Bitcoin. Betchain is also re-launching its whole VIP program and refining its customer service further to offer an unprecedented gaming experience to all its clients
BetChain’s focus on service, coupled with unique bonus offers, makes it one of the most successful Bitcoin casinos. BetChain caters to customers hailing from different regions of the world. That means that apart from English, its page is also available in German, Spanish, Russian, Italian, Portuguese, Turkish, Greek, Dutch and Swedish. BetChain also offers live chat, 24 hour customer support, and lightning quick withdrawals.
- Provably Fair: BetChain emphasizes provably fairness, allowing gamers (and the casino) to verify all bet outcomes to ensure they were correct and fair.
- Safe and Secure: BetChain claims to use the latest in encryption and secure servers to ensure that customers’ money is always safe.
- 24/7 Support: Contact BetChain anytime, day or night, at support@betchain.com or through the BetChain support form.
Join Now
#2 mBit
mBit is another major U.S. friendly bitcoin casino brand that have earned a stellar reputation for quality software and great customer service since they were founded in 2014 . They are based in Curacao and are fully regulated by the gaming commission there.
- All the games at mBit were independently tested and verified for fairness by RNG.
- mBit is now home to over 1,000 different games and new ones are added weekly.
- Live dealer blackjack, sede, baccarat, roulette and more available for BTC or Euro.
- Deposit instantly and for free. Sign-up takes seconds and only requires an email.
- mBit Casino is fully functional on any Android, iPad, iPhone or Windows Phone.
- United States of America players are welcome. Site in both English and Russian.
- mBit have an exceptional VIP program and a 110% 1st deposit bonus to 1 BTC .
Join Now
#3 – Bitstarz
The most popular Bitcoin casino out. The casino is provably fair and regulated by the Curacao government. It offers around 1,000 high quality games, however it does not offer a sportsbook feature (where you can bet on popular sporting events). Bitstarz also accepts multiple currencies and isn’t limited only to cryptos.
Join Bitstarz
Blockchain is Disrupting How We Play
Blockchain’s infrastructure is itself inherently tamper proof. The distributed ledger makes it an impossible task to manipulate anything in the system. So your winnings and rewards are easily and automatically calculated via smart contracts.
Blockchain as a new foundational technology means the Casino industry can be reinvigorated with the crypto movement. As more Millennials and young people embrace crypto, it will just become part of the new norm of how payments and interactions take place online. The gambling industry, like the gaming industry, could be part of the bridge to how a new set of digital assets emerges that makes blockchain become the new normal.
For the gambling enthusiast, the player, the anonymity of the exchange that blockchain affords is very appealing. Also, the added speed of processing, security of the data and transparency of the system are huge selling points. Blockchain is without a doubt, disrupting gambling. Playing with cryptocurrency is even more enjoyable for many people. Just as ICOs, crypto funds and new altcoins come into being faster and faster; gambling needs to feel more trustworthy again and the mass crypto adoption we are witnessing all over the world, means blockchain is here to stay.
Sports Betting Sites
From Bitcoingambling.io
Bitcoin bookmakers are revolutionizing the world of sports betting. Many of the bitcoin sportsbooks featured on this website allow you to create anonymous accounts and wager from any part of the United States.
Thanks to bitcoin, these sportsbooks can process your deposits and withdrawals instantly, so you no longer need to wait weeks for a payout. Banking is also completely free, which means you’ll have more money in your player account. Bitcoin sports betting sites allow you to wager on every major league in the USA, UK, Europe, Australia and Asia, including the NFL, NBA, AFL and the English Premier League
#1 Nitrogen Sports
Nitrogen Sports bitcoin-only sports book & casino: no sign-up required, monthly parlay promotions and 80BTC maximum bet. In addition to sports, you can play table games like blackjack and poker. The bitcoin website also offers a dice game.
Nitrogen Sports are our favorite “bitcoin only” sportsbook. Since opening their doors back in 2012, they’ve quickly established themselves as the leading bitcoin sports betting site. They are headquartered in Costa Rica and owned by IdealMedia.com
- Easily the biggest, most established and trusted bitcoin bookmaker.
- 100% anonymous. Nitrogen do not even ask you to provide an email address.
- Live in-play betting available for major leagues like NFL, EPL, NBA and NHL.
- The minimum bet limit is 0.001 BTC and the maximum bet limit is 30 BTC+.
- Deposits are credited with zero confirmations and withdrawals process in hours.
- The Nitrogen Sports web-app works well on iPhone, Android and Windows Phone.
- 2-Factor Authentication available. Support provided via live chat or ticket system.
- Nitrogen Sports do NOT offer a deposit bonus but do they run some fun promos.
Join Nitrogen Sports
Get In On the Action Now!
#2 mBit Casino
mBit is another major U.S. friendly bitcoin casino brand that have earned a stellar reputation for quality software and great customer service since they were founded in 2014 . They are based in Curacao and are fully regulated by the gaming commission there.
- All the games at mBit were independently tested and verified for fairness by RNG.
- mBit is now home to over 1,000 different games and new ones are added weekly.
- Live dealer blackjack, sede, baccarat, roulette and more available for BTC or Euro.
- Deposit instantly and for free. Sign-up takes seconds and only requires an email.
- mBit Casino is fully functional on any Android, iPad, iPhone or Windows Phone.
- United States of America players are welcome. Site in both English and Russian.
- mBit have an exceptional VIP program and a 110% 1st deposit bonus to 1 BTC .
- mBit has added an excellent sports betting program as well.
Join Now
#3 BetOnline.ag
BetOnline is one of the most well-known and respected names in the online gaming industry. Their management team has been together since 1991 and they settle for nothing less than the best.
BetOnline has a history going back to 2004 and offer a combination of great lines and great service to US, Canadian and worldwide sports betting fans. Licensed in Panama, BetOnline offer sports betting, casino games and poker. What you’ll notice immediately with this site is that they look after their loyal bettors. Instead of a big upfront bonus and then nothing – you’ll get 25% on every single qualifying deposit for life.
BetOnline is primarily known for their sportsbook which offers competitive odds for all the major sports including NBA, NFL, NHL, MLB, NCAAF, NCAAB, eSports, golf, tennis, soccer, boxing, UFC and more. The BETSOFT casino and live casino products are also strong income generators. BetOnline Poker and Poker App have immense player volume and combine to form one of the largest online Poker networks. BetOnline offers several deposit options including credit cards, wire transfer, cash transfer and Bitcoin. Cashing out at BetOnline is quick and painless, with one free withdrawal per month as an added bonus.
BetOnline.ag is constantly offering their clients various promotions such as welcome bonus, reload bonus, money back rebates, tournaments, jackpots and more.
What you’ll notice immediately with this site is that they look after their loyal bettors. Instead of a big upfront bonus and then nothing – you’ll get 25% on every single qualifying deposit for life.
PROS AND CONS
- One of the largest sports books online.
- Massive $2,500 Sign-Up Bonus.
- Some of the largest wagering limits for Americans.
- Betting software and interface is top notch.
- Post odds earlier than other sites.
- Issues in the past with poker players, but nothing within past 5 years.
- Many users complain about the support staff.
- Hidden fees for some payout methods.
#4 SportsBetting.ag
Since 1999, SportsBetting has built a solid reputation by providing impeccable service to players. The sportsbook offers a number of perks such as early opening lines, MLB dime lines, reduced juice NHL, high limits, re-bet functionality, generous parlay and teaser odds, live betting and more.In those 15 years the brand has become more than just a sportsbook.
They offer sports betting, a Poker room, an online Casino and a Racebook. Financial betting products were added in the recent years. All products are powered by top gaming software and an attractive Affiliate Program which can earn their Affiliates life time commissions across all of their products.Depositing money is quick, easy and safe at SportsBetting. Bitcoin and credit card transactions are also accepted to fund player accounts.
Withdrawals are just as easy and safe. SportsBetting pays their clients on time, every time. They also include one free withdrawal per month.First time deposit bonuses and reload bonuses are also available. SportsBetting is constantly adding new promotions making it that much more enticing for players to play there. The Poker product has up to 11 different promotions being offered at all times.
There is always a reason for your referred customers to keep playing at SportsBetting.
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