Think of your favorite slots, poker or sports betting game? Now take the picture of the lengthy transaction from your bank account to your gambling account out of your mind. Instead, imagine the quick cryptocurrency transaction. Isn’t that pure bliss? Well, digital currency is the “in thing” and as long as you stick to the rules of the game then you’ll love every minute.
So, let’s go:
#Rule 1: YOU ARE IN FOR THE SHORT TERM ONLY
No one ekes a living out of gambling – poker, sports betting, yes but gambling, no. Anyway, gambling is still a great way to get an additional bonus that can reinvested elsewhere.
Remember the casino is created to WIN in the long-term. Here are some crunching numbers you should think over. The 10% the house wins is actually 110% what you earned. Make a withdrawal in good time.
#Rule 2: GAMBLE WITH WHAT YOU CAN AFFORD TO LOSE
Nobody is guaranteed of a win, after all, this is not an investment. Never gamble with the money your household needs for upkeep. If you start with a 0.5 BTC bankroll acknowledge that you are up for a 50-50 chance. Only then will you be able to convert it into 0.8 BTC.
#Rule 3: KEEP TRACK
Don’t lose track of how much you’re spending gambling with digital currency. Record each deposit and withdrawal you make on Google Spreadsheet. Try a simple experiment. Follow all your transactions – to and from the cryptocurrency e-wallet for 3 days. If you’re losing then it’s time to call it quits.
#Rule 4: WITHDRAW YOUR WINNINGS
If lady luck smiles upon you, make sure that you withdraw all your winnings. It doesn’t matter how much as long as you’ve won. Play with the initial bankroll. This way, you’ll have some ‘soldiers’ still in the field and a few ‘hostages’ safe in your wallet. It may be tempting to keep on playing but if you aren’t keen enough to make withdawals then you’ll be left reeling in loss.
#Rule 5: DO NOT CHASE AFTER LOSSES
This should be the key rule of the game. You won’t win all your games and when the inevitable happens, control the urge to double your stake in a bid to recoup a loss. Calm down and lower the stakes.
These are the key rules of the game when it comes to Bitcoin gambling. Please find bellow a few sportsbooks and casinos that accept Bitcoins as an alternative deposit and payment method.