SmartRoulette.io was founded in March 2017 and is an Ethereum-based casino with its own ERC20 token – RLT. Users who hold RLT tokens are entitled to a daily dividend of the platform’s profits, proportionate to their token holding of the overall supply. RLT can be bought on exchanges, but is also won on every spin of the wheel at SmartRoulette.io. This technology has meant that the typical house edge for European roulette (2.7%) is somewhat reduced.
Unlike with Bitcoin casinos, the Ethereum blockchain enables bets to be made directly through smart contracts. The implications of this are huge, as it ensures that a) no funds are held by the casino and b) all payouts are immediate and guaranteed. You can find out more about Ethereum gambling here.
That said, blockchain gambling is in its infancy, and it is still very clumsy. The problem at this stage is that each bet requires a block confirmation. With block confirmation times averaging around 15 seconds, there are some tedious delays that many gamblers – who prefer faster betting – will be put off by. SmartRoulette.io have anticipated this, and have included a “WinWin” game which will appeal to those preferring faster bets!
Both WinWin and SmartRoulette.io’s “Blockchain” game work in the same way, however the WinWin version is a much faster way to play. Whilst it does not run on smart contracts, it does allow for faster betting whilst remaining provably fair. This version requires that bets are placed in RLT, something which can be won by playing at the “Blockchain” version of the game, or bought an exchange.
The game is a no-frills version of roulette and is very easy to use. Those familiar with roulette will have no trouble getting to grips with the SmartRoulette.io platform. The simplicity is certainly a positive aspect for some, but for others the platform may come across too basic – those looking for lifelike 3D rendered roulette tables will have to play somewhere else. SmartRoulette.io also does not use live dealers and are unlikely to introduce any in the future as this would go against their mission to create a provably fair game.
SmartRoulette.io is certainly a new kid on the block and for that reason it has yet to establish a reputation among the Ethereum gambling community. However, the smart contract version of the site is open source and the code is available to view. We have no reason to believe that SmartRoulette.io is a scam site. If you are betting on their blockchain game, then it is not possible for the site to steal your funds. If you are playing on the WinWin game, then it is always best to deposit only what you want to gamble, and never use your SmartRoulette.io wallet for coin storage.
SmartRoulette.io is one of the few Ethereum casinos to offer bonuses – and good ones too! The free spins no deposit bonus at SmartRoulette is well worth taking up if you’re not ready to bet real Ether. This bonus entitles you to a no-registration 200 free spins. Get lucky and you could walk away with 10RLT tokens! Full details of the bonuses are available on the SmartRoulette.io website.
SmartRoulette.io is a modern and secure twist on a traditional casino game. Thanks to Ethereum smart contracts, it is possible to bet on SmartRoulette without having to trust any 3rd party to payout. Total anonymity is also a massive boon to the site and the bonuses are a strong incentive to check this one out. The only thing holding back SmartRoulette.io is a polished and visually aesthetic game and UI.