What is Ethereum Gambling?
Ethereum Gambling as the name implies is betting with Ethereum. Just as in bitcoin gambling, Ethereum gamblers also reap the advantages of the decentralized blockchain technology that gives bettors a secure platform to bet anonymously.
Tips to Start with Ethereum Gambling
Gambling with Ethereum is straightforward and players have to undergo the following steps:
The first step to start Ethereum gambling is to purchase some Ethereum coins. ETH coins can be purchased from any reliable crypto exchange with fiat currencies.
Set up a crypto wallet
The acquired Ethereum tokens now need a place for their storage. Players can store the ETH tokens in the exchange itself but if the players are dealing with a good number of tokens, then storing them in the exchange is not a wise decision. In such cases, players are recommended to set up a crypto wallet that allows them to store, exchange, buy or sell crypto coins at ease.
Make an online Ethereum deposit at the casino
Irrespective of where the ETH tokens are stored, whether in a separate ETH wallet or at the cryptocurrency exchange from where they were bought, depositing with ETH tokens is a must to start gambling with Ethereum. Before sending the Ethereum tokens, players should double-check the wallet address of the casino where the funds are to be sent, otherwise, they will end up sending the coins to the wrong place.
The casinos unleash their list of games as soon as they receive the ETH tokens and allow players to choose any of their preferred games and start playing.
Winning real money with Ethereum gambling is possible
Yes, winning real money is possible with Ethereum gambling and the trick is to increase the odds by applying various game strategies. The rules to increase the odds for every game are clearly displayed on the websites of each casino and the players have to strictly follow those rules.
Then many casinos offer free spins in slots and if the players earn more free spins while playing the slots they will be added to the free spins. Most casinos offer a fixed bet amount for free spins and players can get winning combinations for both free spins or real bets. All the real money earned is credited to the player’s wallet automatically.
Then some casinos offer huge bonuses in slots but there is a limited number of chances that the players can try and therefore, players should only use the chances that give out maximum profits. But then again, those chances are associated with high risks; players should choose wisely.
All the money earned from Ethereum gambling is sent to the player’s e-wallet but bettors cannot withdraw it immediately in Ethereum; for doing so, players should first meet the wagering requirements and then purchase them legally using special services.
How to win real money with Ethereum Gambling?
There are no specific rules as to how to win real money from gambling with Ethereum; each Ethereum casino has a specific set of rules and players have to make the initial deposits and choose any game of their choice and start playing. The tips lie in choosing the right offers provided by the best Ethereum gambling site. Some of the lucrative online game options are listed below:
Slot games with different RTP
Different slot games have different RTPs, choosing the one with more RTP increases the chance of occurrence of a winning combination, whereas, on the other hand, slots with lower RTPs increase the chances of winning a jackpot. Therefore, players should choose wisely what they want.
Card games offer higher odds and allow users to choose a room that requires a minimum bet of $1 or $10. Players can also avail themselves of the opportunity to choose a live card game that allows them to play with real game dealers.
Table games also allow players to win real money by staking with Ethereum. The most popular table game is roulette, however, there are several other table games offered by the casino sites that can be played with Ethereum.
Players can also stake in lotteries with Ethereum and earn real money.
Why Ethereum gambling is popular?
Like bitcoins, Ethereum is also a very popular cryptocurrency that has a very high demand in the casino market. Owing to the huge list of benefits that cryptocurrencies offer to bettors, many high-stake investors are showing keen interest in investing in cryptocurrencies and as a result cryptocurrency casinos are also rising in numbers.
Cryptocurrencies make online gambling more convenient to players and unleash numerous ways to earn real money which is yet again not taxable under any laws due to the undefined legal status of cryptocurrencies; therefore, players can earn the net revenue from crypto gambling that includes Ethereum as well.