Gambling is a very lucrative industry, especially for casino owners. Over the past years, traditional land-based casinos came across serious problems including betting addiction, grey area operation, and criminal charges. With the emergence of online casinos, online gambling sphere has drastically changed.
The land-based casinos donˈt participate in games directly. There is no space for cheating at real casino places like in the previous periods. Players are aware of the possible consequences of malversations. Land-based casinos focus on house edge principle which states that house should win on the long term basis. As a result, real casinos offer additional perks to players including free drinks and consequently lower liability.
Online casinos have more space to cheat players and lower risk to be unveiled. In addition, they cannot cover the responsibility by offering some free drinks to gamers. That’s the key difference between the two casino types.
There are two possible ways for casino cheating. Casinos make it impossible to collect the money or they prevent players from winning.
Players cannot be sure in the fairness of the games. All casino activities like card shuffling, spinning of the roulette wheel and similar occur away from customers. Players cannot control if the casino manages results and if they come at random. There is the same likelihood of fair and rigged games.
If the casino holds a famous license and uses reputable software, you can start the gaming experience instantly. Stay away from platforms which utilize their own software as they can control it completely and cheat the players.
As we mentioned before, casinos are trying to prevent players to collect winnings. They can impose exit scams and prevent players to take winnings. Casinos also perform technical difficulties and disable customers to withdraw money. In addition, they introduce high withdrawal limits and additionally cheat the gamers.
All casino providers have detailed terms and conditions of use. People are generally unprepared to read long legal texts and they just accept everything they see. Once you agree with providerˈs terms, there is no way to get your winnings from scam casino. Nowadays, players are already aware of possible frauds and they are trying to protect themselves. Thanks to the blockchain introduction, it is easier to control casino activity and prevent huge manipulations.
Customers at online casinos should always use trusted payment services. They should choose gambling websites with reliable payment methods like PayPal casino NZ or sources with major credit/debit cards, Skrill, Neteller and similar.
Blockchain theory is very simple today. As a completely decentralized method, blockchain unveils all casino actions. Players who doubt in casino activity can easily unveil rigged games. Blockchain casinos utilize cryptocurrency payments which facilitate cross-border transactions. These payments have become easier and safer with an additional layer of security and anonymity.
Another progressive invention appears in the form of smart contacts. An online casino which includes smart contact technology cannot cheat players at all. All payments occur automatically and transparently. Etherum casinos were among the first providers which introduced smart contacts.
Blockchain casinos want to expand in real ecosystems. They don’t want to be just the casino option. Nowadays, there are several international blockchain ecosystems. DAO.casino is an excellent example of an ecosystem which enables developers, operators, and players to interact in the same environment. There are specific ecosystem protocols which are easily included in online casinos. Some projects introduced „bankroll sponsors“ and „random providers“ which enable developers to create games and make money from them.
The next ecosystem project is Xether which includes smart contacts. Xmart contacts control all payouts and enable token adopters to receive passive income from the casino. Players who want to participate in Xether mission don’t need to register at the platform. The site supports web3-compatible ETH wallet and full transparency.
JoyToken is additional blockchain product in the casino industry. This ecosystem takes advantage of smart contacts and rewards developers for the creation of the games. JoyToken developers support the qualities of new gambling generation including anonymity, trust, and fairness.
As you can see, cryptocurrency provides overall convenience and transparency of gambling activities. The introduction of blockchain facilitates casino activity and improves the players’ performance. In addition, blockchain opens the possibility for brand-new ecosystem projects which create space for automatic security and trust. At the moment, there is a limited number of such progressive blockchain ecosystems but we expect to see more in the future.
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