Gambling with Ethereum is one of this altcoin platform’s foremost applications, which is why Ether (the cryptocurrency the platform produces) is one of the most popular cryptocurrency to bet with (second only to Bitcoin.)
But wait, a platform? What does that mean.
Well, right now, the internet we know and love is housed by mega tech companies on their servers and clouds, which means that, ultimately, they have full control over what is saved, accessible, or existent, completely at the mercy of their all-powerful whim.
The Ethereum Platform is the Decentralized Version of the Internet.
Basically, Ethereum is comprised of a network of computers that’s both blockchain-based and open source. It runs smart contracts, which are apps that can be replicated on a user’s computer without having to go through a third-party, retaining control of its functionality with its user, and ownership with its creator(s). It also allows for completely personal data privacy, not privacy shared between you, the tech giant corporation, the government, and whatever other third-party entities they’re sharing that with.
And it produces…
The Ether Cryptocurrency.
An altcoin with a blockchain that’s generated on the Ethereum network. Not to be confused with “a class of organic compounds,” Ether is a cryptocurrency, and it’s known as the silver to Bitcoin’s gold because, for a long time, it was (and still is at the time of writing this) the second most valuable crypto-coin.
So it makes sense that so many love to…
Gamble with Ethereum
If you like to place bets, if casino games appeal to you, if the thrill of risking money in the hopes of winning money is your cup of tea, then you know what gambling is and you’re into it. (Nice to meet you, so are we! Let’s be friends.)
So Ethereum Gambling is exactly what it sounds like, risking this cryptocurrency in the hopes of winning more of it. If you play Ethereum Dice, for example, your odds of winning are almost 50%, and if you do win, you double your money, just like that. You could also go for a massive progressive jackpot of more than 200 ETH on Ethereum Slots. The likelihood is low, but the payoff is insane.
As a general rule of thumb: the less likely the payout, the higher it will be.
ETH betting can come in a few different forms. Because, let’s be honest, investing in Ether in the hopes that it will climb in value for a pretty payout is a form of gambling.
But mainly, it’s taking this altcoin to an Ethereum casino like Bet-Sinclair, making a deposit, playing the games, and withdrawing the winnings. The decentralized (unrestricted), private, and secure nature of Ethereum makes it an ideal transaction method for placing bets for many players, especially those who want to keep their online gambling separate from their centralized and more standard finances (which others may have their prying eyes on.)
Ethereum Gambling at Online Casinos
It’s important to make sure that any online casino you might be interested in is verified as safe, legitimate, fair, and above average, as there are a lot of options out there. Things to look for are third-party licensing, governing oversight, and positive marks from expert review sites and player forums. At Bet-Sinclair, for example, we pride ourselves on offering all that, plus our Provably Fair system where players can see the randomness of games like Ethereum Dice firsthand.
But use more than legitimacy to weed out the options at an Ethereum casino. Make sure they have an Ethereum game (or ten) that fits your style and preferences. Are the offering the best variety? And what about the bonuses? How do they compare? These questions will make it easier to spot the ultimate Ethereum casino.
One you choose one, the first thing you’ll want to do is take advantage of whatever bonuses or promotions are being offered, whether it’s a no-deposit spins deal, a welcome package, the prize pool of the day, or whatever it may be. Then use that free cash to get as many free wins are possible, both burning through the rollover requirements as well as building up your bankroll if the wins outnumber the losses. In no time, you’ll be having the time of your life, all from the comfort of home, and all while using Ethereum as the currency.
What a time to be alive!
What’s next is that you should develop a smart app on the Ethereum network and change the world! Either that, or invest in some Ethereum and try your luck over at Bet-Sinclair.
But in all seriousness, what’s next is up to you. We recommend doing as much research as you can, as this is just an overview from the leading cryptocurrency casino about one of many cryptocurrencies.
The whole point of Ethereum is freedom. Even if it’s just buying a little and hope that it gets more valuable, now would the time to do it.
As for Ethereum gambling, you don’t have to take our word for how fun it is. Register at Bet-Sinclair, and If you’re interested in playing an Ethereum game, you’re going to love our options.