Quote from: razor5cl on August 10, 2016, 09:28:53 AM

Quote from: Daneric on August 10, 2016, 06:15:47 AM

Bitcoin casinos have taken online gambling to a whole new level, not only because they offer gamblers the advantage to play anonymously but also, because anyone anywhere in the world can gamble on bitcoin casinos bypassing any countrys regulations. Bitcoin unlike Federal Reserves introduces the concept of virtual currency which is based on a mathematical formula. This is the rise of a decentralized, safe gambling environment. This is so because anyone can access the software and convert the Bitcoins. The online gambling industry is experiencing a revolution that is overly favorable to the gambler. The Bitcoin unlike most systems does not require one to fill an authentic record of information but instead offers pseudo accounts where gamblers have no physical links pointing to them. The technology allows for a single user to hold as many accounts as they please with varying addresses.

This is great, and a lot of it is true, but one part I didn't like:

"The online gambling industry is experiencing a revolution that is overly favorable to the gambler"

I'd dispute this. Casinos and sites are still raking in the money and all the games are still very much so skewed in favour of the house. It's become a lot easier for gamblers to start gambling and sustain it in the era of bitcoin, but let's not forget all of that money ends up in the pockets of the sites.

Well, if you see sites like bet365 then the games there are not even provably fair. We just play them because we trust them, moreover even in the quick games listed on site there is a house edge of around 10% which is wayyy high compared to the 1% house edge offered by btc casino. Then, what problem you see friend ?