Gambling at crypto casinos
Gambling has been a constant in civilizations; from the first informal wagers placed between individuals, through the first land-based casinos and onto the online casinos we all know and use today. The latest development in this chain has been the crypto casino, which uses decentralized currencies to play slots, table games, and even wager on sports.
Using cryptocurrencies at online casinos has a great deal of appeal for many players. This will include fast, secure transactions that don’t get bogged down with banking red tape, and the increased level of anonymity that funding your account in this way gives you.
As we have already established, where gambling takes place, gambling strategies follow, but as the same games are being played, just with different currencies - are any new crypto-centric strategies or tips needed to make the most of the experience?
On paper, it might seem like you can just use the same old ones as before, but in reality, it’s not quite that simple.
Crypto gambling strategy
It is true that the mechanics of the games you play at the best crypto casino sites will be pretty much the same as the games you play at regular casinos. It is also true that any tips you read in this guide will guarantee you win every spin, deal, or roll of the dice. What this guide will show you are the specific factors you need to be on the lookout for when wagering with crypto, and any strategies or tips that evolve from that.
You can’t have failed to notice that crypto prices can be volatile, with some coins losing or gaining huge amounts in a short span of time. This means the amount you deposited and the amount you withdraw can have very different relative values. You will also have seen that new coins appear all of the time, and others fade away completely and have next to zero value.
This is almost unheard of with FIAT currencies, so when you switch to wagering with crypto, if you don’t like surprises, you should opt for one of the more stable currencies. On the other hand, if you prefer to take larger risks, you could opt for a more volatile currency, and you are taking the chance on not only your wager winning, but the coin you are using increasing in value while you are playing.
Developing your own crypto gambling strategy
There are various guides to strategies available on this site which you can access for free. However, looking at all of the new and original games that crypto casinos provide, you might have some thoughts on a strategy or two yourself. There is no harm in this, as that is how all of the strategies that are widely used today came into existence. However, there are some rules you need to think about before declaring that you have a winner on your hands.
1. Do the research
What started as a hunch or an observation needs to be fleshed out to see if your idea has any merit. This might involve playing a lot (remember to use low stakes for this) and noting down what happens, so you can come up with a plan. This should take place over time, and not just try your theory once or twice before moving on.
2. Practice and tweak
Practice makes perfect, and you can use the opportunity to make any little tweaks if the data merits it. Once you have the strategy in the finished form, start keeping records to check the results and how often the strategy can be used. After all, if you have something that works perfectly but can only be used once in a blue moon, it might not be what you are looking for if you want to play regularly.
3. Be honest with yourself
When record keeping, record everything. That includes the failures as well as the successes, as the temptation can be to find reasons not to include instances when your theory didn’t go so well. That way, you will know for definite if your strategy has merit, or if it was just a fluke.
Top crypto gambling sites for June 2023
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Pro tips for your crypto gambling strategy
Armed with this information, you can think about whether to use someone else’s strategy or go for one of your own. Regardless of what course of action you decide to take, there are some tips that are universal and are designed to make your experience at a crypto casino a good one.
#1 Pick the right crypto casino
This might seem an obvious place to start, but you will be surprised at the number of people who just opt for the first one they see. They might do this because they think all crypto casinos are the same, but you should be aware that this is not the case at all.
While there are many crypto casinos out there, not all of them are trustworthy, so you need to find one that is licensed to operate in your area and has a good reputation. This is not always easy to do, as many crypto casinos are quite new, so there is very little online feedback about them. This is where the reviews and ratings elsewhere on this site can save you a lot of legwork in finding the best crypto casino in Canada, or wherever you happen to be.
#2 Remember you are using crypto
As you have seen, betting with cryptocurrencies is a whole different game from playing with GBP, CAD, or EUR. The mechanics of the games might be the same, but crypto prices can fluctuate wildly, so you could be winning or losing more than you thought when you come to exchanging your digital currencies back to FIAT ones. Also, the ease with which you can fund your account with crypto makes it simple to act on the spur of the moment, so you should always think twice before topping up your balance.
#3 Learn everything you can about the game
Again, this might seem like common sense - but, you know what they say about that. Crypto casinos mirror regular casinos in that they try to offer as many games as they can. This looks good for marketing, but it gives players something extra to think about. You might know roulette, but which of the 24 different versions you are faced with is right for you? Or, if you see new or ‘original’ games, you should read what you can, or look for online tutorials like the ones you’ll see elsewhere on this site.
It might not be in your nature to be cautious, but you need to practice before you start unleashing your inner high-roller. Many of the crypto casinos you come across will have free versions of their games you can play for fun and see what is involved. On the other hand, you could just play with the minimum stakes until you know the ropes - and then go in with your usual wagers.
As a handy follow-on from the last tip, you need to look at what you are staking and make sure it fits in with your plan. This means setting yourself a budget, and a decent staking amount, for instance, 2-5% of your total bank. This way you will naturally increase your stakes as you become more successful, and a bad run has less chance of wiping you out.
#6 Increase your starting bank by taking advantage of promotions
While you were looking for the right casino, you will no doubt have seen that new customers can get crypto casino bonuses on registration. This might involve a deposit match, which could double your starting bank, free spins on nominated slots, or even a ‘no sweat’ or bonus bet on sportsbooks. These bonuses are always generous, and there are some very attractive ones around. For instance, at Stake.com, you can get a 200% deposit match and a 10% rakeback - but only if you use the exclusive code STFSOCIAL when you register.
#7 If you are using a strategy - stick to it
It doesn’t matter what crypto gambling strategy you are using, make sure you stick to it. If a strategy is tested over time, as was mentioned earlier, the weakest link in the process is you not following it. Stick to the plan, and unless something drastic has changed, keep to the rules of the program and don’t try to get creative.
Having a large influx of cash into your account from a bonus can make playing at crypto casinos even more exciting, especially if you have something like a 35x playthrough requirement to meet. It is easy to get caught in the moment and act in ways you might not usually. So think twice about betting more and more because you are chasing losses, or carrying on when you should have walked away because you can’t accept your winning streak has come to an end.
#9 Be responsible with your time as well as your bank
Following on from the last tip, you should take regular breaks and limit your time at a crypto casino. The experience is designed to be immersive, but you should not let it get in the way of the time you should be spending doing something else - like working or being with loved ones. In the same way, you would manage your bank, manage your time to play only when you can afford to.
#10 Use all the resources available
It doesn’t matter how long you have been playing at casinos, whether they be crypto or the regular kind - there is always the chance to learn something new. You can usually learn the hard way, by experience - or the easier way, which is tapping into the experience of experts. By using the guides on this site you will be able to fill any gaps in your knowledge, and it could make any crypto gambling strategy you use even more effective.
Conclusion - important tips to help you find the right crypto gambling strategy
Gambling at crypto casinos might seem very similar to using regular casinos, but there are some important differences you need to take note of. Crypto can be more volatile than CAD or EUR, so you need to take that into account when you look at any strategy. In addition, there are some pro tips and a strategy you can use to make sure that you are avoiding the common pitfalls that players make when starting out at a crypto casino.
Our favorite crypto gambling site bonuses
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Crypto gambling strategy FAQ
💡Which is the best crypto gambling strategy?
There have been crypto gambling strategies around since there has been crypto gambling, so some are bound to be better than others. By checking out our free guide, you will be able to see what works and what doesn’t.
💭How is a crypto gambling strategy different from others?
While some of the games might be slightly different, at first glance, crypto casinos look like any other type of casino. However, there are some important differences - and by reading our latest guide, you will be able to see how they need to be built into any strategy.
🤔How much can you win with a crypto gambling strategy?
While winning is never guaranteed, some tips and strategies will be better than others. When you check out our insightful guide, you will be able to see what to look out for in crypto strategies and tips.
