Good Bet for Online Players

Added on March 26, 2024, in Gambling Articles by Gambling Gurus

Bitcoin Casinos are a Good Bet for Online Players

Have you ever played at an online casino that accepts Bitcoins? In our opinion, Bitcoin casinos are a ‘Good Bet’ for online players. Bitcoin based casinos practically eliminate the extra financial transaction burdens for both players and ‘the house’. Reason being, Bitcoin casinos don’t require as much manpower to verify transactions as non-Bitcoin casinos do.

With all the credit card fraud and unauthorized transactions that traditional banking causes for online casinos, we’re now seeing more and more online casinos offering a good bet with the Bitcoin option.

Traditional payment processing is an ever increasing expense for many online casino businesses. They try to run their operation as efficiently as possible but they are just not able to, especially when they are completing with Bitcoin based casinos. The lower operational costs of Bitcoin based casinos benefits the player in the form of lower odds. ‘Lower Odds’ means that the ‘House Hold’ has been decreased, which definitely makes this a good bet for the players!

Online Casinos that have lower overhead costs can offer their players more favorable odds, which of course makes Bitcoin casinos a good bet. But even Bitcoin casinos have their own unique operating expenses. Depending on the casinos jurisdiction, they can have taxes or licensing fees to pay to government agencies.

Basically, all online casinos have an enormous overhead in payment processing and the manpower expenses to make everything work. High fees for money transfers are not just the player’s problem, they also put a lot of pressure on the casino’s bottom line. One of the leading bitcoin casinos – a leading Bitcoin Casino that is another Good Bet! And, who’s not always looking out for a Good Bet? No Gambler we know.

Still need more info about what Bitcoin is and how it works?

Watch the Bitcoin video below and it will help you understand more about this new technology!

*This YouTube Video explains in simple terms how bitcoin works and the importance of this touchstone shifting technology.

About Bitcoin – SOURCE

Who owns bitcoin.org?

Bitcoin.org is the original domain name used with the first Bitcoin website. It was registered and is still managed by Bitcoin core developers and by additional community members, with the input of Bitcoin communities. Bitcoin.org is not an official website. Just like nobody owns the email technology, nobody owns the Bitcoin network. As such, nobody can speak with authority in the name of Bitcoin.

Who controls Bitcoin?

Bitcoin is controlled by all Bitcoin users around the world. Developers are improving the software but they can’t force a change in the rules of the Bitcoin protocol because all users are free to choose what software they use. In order to stay compatible with each other, all users need to use software complying with the same rules. Bitcoin can only work decently with a complete consensus between all users. Therefore, all users and developers have strong incentives to adopt and protect this consensus.