The game of roulette has been around for a while. It has received widespread popularity in Casinos from players worldwide. However, a new type of roulette game became popular in recent years called Bitcoin roulette. Here players get to play the game with Bitcoin.
Roulette is mainly based on randomness, so it's essential to know the odds of winning with various wagers. The coming in of Bitcoin Roulette then begs the question of whether the odds of hitting big wins with Bitcoin roulette are bigger than average roulette. This article will help you learn about roulette odds and the difference between these two modes of play.
What Are The Odds in Roulette?
In roulette, the odds represent your potential return on investment. This means the likelihood of you getting a win on the different bets you place. For example, if you place a straight-up bet on a single number in American roulette, you have a 37-to-1 chance of winning.
Odds in Bitcoin roulette and regular roulette work with bets. Your odds of winning each bet are often calculated and shown in percentages. However, because of the nature of roulette games, Bitcoin roulettes and regular roulettes don't have different odds. This is because they both share the same gameplay, even though they have different payment methods. Your odds of winning in roulette then depend on the variation you play. Let us look at the most popular options.
Types of Roulette Games
Bitcoin roulette is similar to regular roulette, played with a table and wheel. However, the odds of winning vary based on the type you roulette game you play.
This popular variant has low volatility and 97.3% odds of winning. European roulette is reassuring to the average bettor because it provides some measure of financial security to players. Whether you are playing Bitcoin roulette or the average roulette, your odds of winning stay the same.
American roulette has a slightly different table pattern from European Roulette. It has two 00s as against European Roulette's one 0. This makes the percentage of money won back lower. Even though the odds of winning a straight bet are 35:1, the theoretical return of American roulette is roughly 94.7%. This applies to both Bitcoin and regular roulettes.
Are The Odds Bigger?
While the odds of playing Bitcoin and regular roulettes are the same, some factors make playing with Bitcoin roulette more favorable. Below are some of them
- The payouts at Bitcoin roulette sites can go relatively high, considering the minimum bet starts at just 1000 BTC. As a result, savvy gamblers can increase their chances of winning by playing games with the most possible pay lines and the lowest possible house edges.
- When placing larger wagers in Bitcoin Roulette, the anonymity of using cryptocurrency is a bonus. Cryptocurrencies like Bitcoin allow gamblers who would rather not reveal their identities to participate in real-money games at online casinos.
- Finally, when betting large amounts on roulette tables, cryptocurrency has the advantage of a quicker payout because no intermediary is involved in processing payments. As a result, conventional payment methods might have resulted in fewer delays or problems.
Bitcoin roulette is an innovative new type of online gaming; the odds of winning big are not different from regular roulette. Although Bitcoin Roulette is enticing due to the possibility of high-stakes betting, you should proceed cautiously. While playing for bigger stakes, proper gaming techniques are still crucial. You should never risk more than you can afford to lose.