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Breaking News: Raydium DEX's AMM Program Exploited For $1.34 Million — Here's What Went Wrong
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Breaking News: Raydium DEX's AMM Program Exploited For $1.34 Million — Here's What Went Wrong

Next big thing in gambling? BitDice Casino might have an answer.

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Last Updated: September 30, 2019 11:53 am
3 mins read
NewsBTC

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Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
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Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

There are numerous casinos, you hardly can distinguish one from another. Same games, same rules, same verifications, and limits. Same bonuses, where terms are buried on the 20th page of the ToS with the smallest text you barely can see.

Broke some rules? You only know when you will try to withdraw. Then your account will be instantly locked and you will spend weeks just to get some reply that you’ve made some bet which was a bit higher their rules, so your bonus, profit, and even deposit are seized.

BitDice Casino was made by players for players. Back in 2014, they opened with a simple Hi-Low (Dice) game on Bitcoins. Within the past three years, they hosted bets for 250.000 BTC (~292.500.000 USD). Some players, according to the data provided by BitDice, have even won whoppings amounts of over 300 and 500 Bitcoins and what’s more incredible were paid in full within hours. Can you name any other casino which can do the same?

Fast-forward to today it’s one of the most sophisticated casino platforms, let’s check what’s so cool there.

•    Lowest house edge of 1%

•    They provide Loss Back and Bet Back bonuses

•    You can level-up and receive daily treasure chest

•    They develop their own games

•    No need to verify account

•    Trollbox on site, with free coins for active chatters.

•    Instant cashout.

•    Progressive Jackpot.

Those are some nice perks, but that’s not all. There almost no rules for bonuses. You get them by playing. Simple as that. I’ve wagered few bitcoins there and received 20 BitDice Tokens – it’s their own currency which can be traded back to bitcoins or can be spent on on-site events and in trollbox. There are rumors that you can participate in raffles in next update only with such tokens and win huge prizes.

Their history of evolving from the Hi-Low game makes them use of Provably Fair mechanics, which is popular among Dice sites. Their own games incorporate this technology to make all bets 100% random. They simply can’t alter bet results. It means that bet result consists of the two random strings, one from the server and one provided by the player. Casino does not know about player string until the player makes a bet, then it combines their own string and applies some function to get a bet result. Such practice should be incorporated into ANY casino. Only this method can make games absolutely fair. You do not need RNG certificates or other oldish and not provably methods. This is the future of gambling.

I’m also like their endeavor to make one of the safest places for bitcoiners. They advertise it like BitDice is the safest than Bitfinex (One of the biggest bitcoin exchange that has been hacked in 2016 and lost almost 200M USD). And there’s event they hold right now on BitcoinTalk forum. They have disclosed username and password form account, you just need to sign in and take 1 Bitcoin. No one could within the past 5 months. BitDice validates your computer and if it’s new device you need to confirm it with email. Thus even if your password was compromised there’s no way someone can get to your coins. And that’s just a start:

•    2FA authorization

•    IP whitelist

•    Email confirmation for withdrawals ( with 2FA )

•    Address locks

•    Funds stored in cold wallet using Trezor

Have you ever think to open a casino? You might just invest into BitDice as they allow anyone to invest any hosted coins to the bankroll. And looks like investors made a whoping profit of 700BTC this year alone.

BitDice tries to disrupt gambling by providing 100% provably fair games, lowest house edge, instant payouts, clear bonuses, community and solvency for their users This platform evolves and implements real users wishes, it’s a place where people interested in gambling can spend their time and earn even not playing at all. They actually disrupt gambling industry. And we like it.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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