Roulette is a timeless game that has been associated with bricks and mortar casinos for well over a century. The game is now available for players looking to bet Bitcoin but how can they play?
Bitcoin Roulette Basics
The basic concept of Bitcoin roulette is that players must guess what number the dealer rolls on the wheel. If they have guessed correctly, the bettor will win according to the payout table. Payouts become higher the more difficult the bet is; for example, betting on ‘red or black’ will usually return a payout of 1:1, but a more complex prediction- such as guessing one specific number on the wheel- can result in payouts as large as 35:1.
Before getting started, it is essential that each player finds a game of roulette that fits their gameplay style and Bitcoin bankroll- whether it is a live or virtual variation of the game. After signing up for a round of roulette, they will be required to use their chips to place a bet before the wheel is spun.
In a live game of roulette broadcast from a real-life studio, this wheel has numbers and slots imprinted on it in alternating colors of red and black. In virtual versions, a detailed graphic rendering of this classic wheel appears on the screen and spins. The classic game of roulette has the numbers 1 to 36 imprinted on it, but American Roulette goes up to 37. There will be one ball on this roulette table which will roll around the roulette wheel as it spins. The color and number that this ball lands on is the outcome of the game.
There are a few betting options when it comes to Bitcoin roulette. Bettors can place their chips on up to four numbers at a time or aim for the highest payout by playing one single number on the wheel.
As with any casino game, online roulette tables provide players with a set of betting limits. Most Bitcoin sites will impose both minimum and maximum limits, which will vary between different casinos. For example, at BetChain Casino’s live roulette wheel, bets start out at 5mBTC.
To ensure that a live game of roulette doesn’t overrun, bettors are given a limited amount of time to place their bets between spins of the wheel. When time for betting is up, this is usually signified by the croupier saying ‘no more bets’.
As touched upon earlier, the ratio that a player wins by is determined by the way they bet on the table. The larger the amount of the board that a bet covers, the lower the payout gets.
One of the things roulette players should keep an eye out for when deciding which casino to place their Bitcoin bets at is the house edge. This is the average edge that the house has over its members. Most Bitcoin casinos will have their house edge displayed for customers to see, as well as evidence of how that edge percentage has been calculated. Sites that do not show this information are generally considered to be unreliable and players are encouraged to look elsewhere.
How to Play Roulette with Bitcoin
Live Bitcoin casinos give gamblers the chance to experience the thrill of a real-life roulette session, just like they would be able to enjoy in a brick & mortar casino. The studio setting from which these games are broadcast are set up in such a way that players are face to face with the croupier as he or she presides over the game. Every action that a player makes while playing Bitcoin roulette is tracked and logged by that specific casino operator’s software, the system makes a note of each movement and it is displayed to the croupier.
As the ball spins, a tiny radio frequency identification (RFID) chip tracks its movements and records precisely where it lands. This means that while players and the croupier can see the result through the camera on-screen, the computer reads the data via this RFID chip. This technology is utilized by the vast majority of Bitcoin live casinos.
Virtual roulette is an older and slightly less popular way of enjoying the game with Bitcoin. All of the rules in the virtual variation are identical but there is no real croupier on camera, instead an animated wheel spins on the screen.
Best Roulette Strategies
There’s no denying the rush of adrenaline that a big win on the roulette wheel can bring but the most successful strategy for being a serious roulette player on a long-term basis is to aim for regular, small incremental wins.
Small bets enable players to earn some solid wins on a consistent basis. This strategy is utilized by those who make a living from playing Bitcoin live roulette. One such technique is the ‘double dozen’. Players who stick to the double dozen strategy cover 12 numbers on the wheel with a single chip for the small payout ratio of 2:1.
Another popular approach for Bitcoin roulette is the Martingale strategy, which involves doubling the bet after every loss. The concept behind this is that the player is able to recoup all of their net losses when a win eventually does come along. Sticking steadfastly to this scheme is a highly likely way to ensure that players see a return on their bets.
These are just a few of the strategies that Bitcoin roulette players around the world put into action on a regular basis and see consistent returns from. Of course, every individual is different and the only way to find your roulette playing style is to begin betting with your Bitcoin funds and see which method works for you.