01 · 03 · 2014
The link to Nitrogen Sports has been corrected. Nitrogen Sports recently underwent a huge upgrade and is now better than ever. Not only is the site more user-friendly, including a unique site-wide chat, but their juice has been reduced significantly, bringing them in-line with the best Bitcoin sports books.
12 · 30 · 2013
Bitcoin Video Casino is down while they improve security. More info at this link.
11 · 17 · 2013
You can now play dice at Playtin with only a 0.99% house edge. Our directory has just been updated to reflect the change - enjoy.
11 · 08 · 2013
It's been a while since I've had the pleasure of adding a new sportsbook to the directory, but this one is certainly not to be ignored. Cloudbet offers Bitcoin users the largest selection of sports and games. Not only that, but Cloudbet also offers an impressive line-up of live/in-game options for those of you who like to follow the action and play along. To top it all off, and not to be outdone by other sites, their interface must be seen!
10 · 30 · 2013
Once again, Bitcoin Video Casino has expanded, becoming the first of the established Bitcoin casinos to offer a dice game. In typical Bitcoin Video Casino fashion, the game is fast, smooth, and addictive!
09 · 19 · 2013
Bitcoin Video Casino. in addition to their new look, has added a fantastic progressive slot machine to their line-up. Bet up to 20 lines at 0.01 BTC each for a total of 0.2 BTC per spin!
09 · 03 · 2013
"Bet with Bitcoin" and Strike Sapphire have teamed up to offer the best deposit bonus in Bitcoin gambling: 100% up to $100!
With the slickest software, 3D design, and original, skill-based games, Strike Sapphire is the most entertaining and reliable site for your Bitcoin gambling! Keep it classy with Strike Sapphire!
(Okay I apologize for that. Due to cutbacks we had to fire our marketing guy)
07 · 18 · 2013
BitSpin now features a great blackjack game, with 99.6% RTP, it's tied for the best in the business! Unique to BitSpin. you can track the bankrolls of players playing alongside you by watching the size of their name-tags! More info here .
06 · 16 · 2013
If you're a roulette player, and we know a lot of your are, then go check out the latest addition to the directory, BitSpin. The site is purely roulette, and one of the few that actually allows for multiple players at the same table. The site is clean and simple to use, and we think you'll like it!
05 · 26 · 2013
BitBook. our top-rated sports book, is now offering NFL and Golf odds.
Bitcoin Casino Guide
Are you looking for a reliable, trustworthy place to gamble with your bitcoins or other cryptocurrency? Before blindly depositing your money into a random bitcoin casino, you should read some reviews first.
Visit the website linked below to read some objective reviews:
What factors to consider when choosing a bitcoin casino
Bitcoin has revolutionized the online gaming industry. Betting with bitcoin is legal anywhere, instantaneous and easy.
Just like with real money casinos, you have to do your due diligence before depositing money to a gambling site. Not all sites are created equal, and some are blatant scams.
Bitcoin is a relatively new addition to the world of gambling, and online gaming providers are just starting to accept bitcoin and other cryptocurrency as payment options. A quick Google search brings up many different results – some look amateuristic, some look like traditional online casinos.
Because of the anonymous and instant nature of bitcoin, the casinos in this industry have implemented a ‘provably fair’ system in an attempt to prove the legitimacy of the casino. Since these casinos don’t require a gambling license, it has become necessary to provide provably fair software. When looking for a bitcoin casino, they should ideally have either provably fair software or a gambling license.
Other factor to consider is anonymity. Even though some real money casinos have started to accept bitcoin as payment method, they still require you to fill out all your personal details in order to play on their site. That’s why it preferable to choose a casino that only operates in cryptocurrency. It doesn’t matter whether or not you have anything to hide – the main benefit of bitcoin casinos is the fact that you don’t have to spend ages verifying your identity, but can start playing instantly after creating your account. Deposits and withdraws are instant, which means that you no longer have to send your ID to the customer deprartment any time you happen to win big.
Find the Best Altcoin and Bitcoin Mining Pool, Miner, Exchange, Gambling Site and More
Again, if you want to read some reviews of the best bitcoin casinos, you should visit this website.
Dogecoin Casinos
God Bless the internet.
Wow, such bet. Dogecoin is quickly becoming the #1 currency for online gaming. Many casinos are noticing this and have added dogecoin to their list of accepeted coins.
Sites that use multiple currency often convert them into special ‘casino credits’ according to current exchange rates. That makes it easier to process the amounts. Once you wish to withdraw, the credits are converted back to whatever currency you wish to withdraw. To Read more about Dogecoin casinos, check out our dogecoin -dedicated page;
Bitcoin Sportsbooks
Bitcoin sportsbooks share the same benefit of casinos – quick deposits, anonymity, and legal anywhere, since bitcoin isn’t official money.
Many sites have added a sportsbook in addition to their casino. Check reviews for more.
BitcoinCasinoPro Exposed Scam?
Bitcoin Casino Pro is another website that reviews and rates online Bitcoin betting services. Unfortunately, the site’s administrator, known as aksplace on the bitcointalk.org forums, has been accused of extorting multiple casinos. Several people have come forward claiming that he…
Bitcoin Casino Scams And How to Avoid Them – Guest Blog
With Bitcoin being a pseudonymous virtual currency, it is easy for anybody to steal your money without being tracked down. Follow the tips in this article to stay safe when selecting a Bitcoin casino. Pick a Trustworthy Site Reputation means…
January 5, 2014
General Overview of Bitcoin Casino & Scams
Bitcoin Casino Scams Bitcoin is a type of digital currency that has been in the virtual realm for several years now. A lot of people are very curious with this type of currency especially since it’s not regulated by the…
Satoshi Dice Review
PrimeDice Review
Primedice is the most modern Bitcoin dice website there is, sporting a very sleek UI and a great overall feel. It has a somewhat small amount of players on it, but for the most part the site’s bankroll helps mitigate…
Top 3 Best Bitcoin Gambling Sites
There are many different Bitcoin gambling sites on the Internet, but they are each different in their own little ways. It could be as simple as their withdrawing speeds or more in-depth like their lack of a provably fair system. In any case, when you are gambling online you want to go for the top sites. Let's take a look at the top three, and what makes them great.
· Casino and Sportsbetting – Casinobitco.in
· Lotteries - Peerbet
· Dice – Primedice
Casinobitco.in has the benefit of being a sort of hybrid gaming site. It offers up casino games, as its name would suggest, but it also includes a nice sports book. To make things even better, it offers a suicide league for sports, letting you test your skills from one week to the next, competing directly against other players to win a nice pot. With both free and paid games available, it's hard to go wrong.
Peerbet is the top lottery site, allowing people to create their own lotteries. They can be set up for any number of entry tickets, as well as any price. On top of this, the site does not take any cut from the pots, meaning that it gives out a 100% payout. This means you are not playing the house at all, but rather against the other players.
Primedice is the ultimate BTC dice site, giving what players want the most: a way to play for free (with the added potential of earning money) and the ability to run custom margingale scripts. All of this is actually built in to the site, so there are no third party requirements to get up and going. Want to test out a theory you came up with on how a margingale script can't possibly fail? Easy enough; simply use the faucet to get some free money to play with and use the built-in script. It couldn't be any simpler. On top of this, it even offers a very nice bankroll, so whether you are playing for micro or large stakes, the site can handle your wishes.
So what do all of these sites have in common?
· They all allow quick and easy deposits and withdrawals so you can get up and running fast.
· All of these are provably fair so you can ensure that your results are completely accurate and that the sites are not attempting to game you
· They are all professional in both their looks and support, and all of them have active developers that help ensure the sites keep moving forward with new features and bug fixes.
· They all allow very easy registration, letting you create your account with a minimal amount of identifable information. This helps ensure that you can keep your anonymity if you wish.
While each of these sites are in different gambling areas, they all compliment each other very well. By utilizing all of them, you cover the very broad spectrum of gambling and can ensure that you always have the games available that you're looking for!
Wondering why there is no coverage of poker sites? Our sister site has Bitcoin Poker reviewed to the max. Check them out!
Disclaimer: We are a professional review site that receives no compensation from the companies who services we review. We review each service thoroughly and provide honest reviews. We are independently owned and the opinions expressed here are our own.
Bitcoin: Making Online Gambling Legal in the U.S.?
Illustration by Mitch Blunt
Michael Hajduk had sunk one year and about $20,000 into developing his online poker site, Infiniti Poker, when the U.S. online gambling market imploded. On April 15, 2011, a day now known in the industry as Black Friday, the U.S. Department of Justice shut down the three biggest poker sites accessible to players in the U.S. indicting 11 people on charges of bank fraud, money laundering, and illegal gambling. Player accounts were frozen, leaving thousands of Americans without access to their funds. “It was like a bomb went off,” Hajduk says. To continue gambling, “U.S. players were uprooting their families and moving to Malta. Crazy stuff was happening.”
Hajduk, though, was barely fazed. Calgary-based Infiniti Poker, like several other new online gambling sites, plans to accept Bitcoin when it launches later this month. The online currency may allow American gamblers to avoid running afoul of complex U.S. laws that prevent businesses from knowingly accepting money transfers for Internet gambling purposes. “Because we’re using Bitcoin, we’re not using U.S. banks—it’s all peer-to-peer,” Hajduk says. “I don’t believe we’ll be doing anything wrong.”
Developed in 2009 by a mysterious programmer known as Satoshi Nakamoto, Bitcoins behave much like any currency. Their value—currently about $13 per Bitcoin—is determined by demand. Transactions are handled through a decentralized peer-to-peer network similar to BitTorrent, the protocol for sharing films and music over the Internet. An assortment of merchants around the globe accept Bitcoin; it’s also the currency used on online black markets such as Silk Road, which processes an estimated $1.2 million a month in sales of illegal drugs, according to Nicolas Christin, the associate director of Carnegie Mellon’s Information Networking Institute.
Individuals can buy and sell Bitcoins using global currencies through such online exchanges as Mt. Gox. There’s even a service facilitated by BitInstant, a payment-processing company, that allows you to purchase the virtual currency for cash at 700,000 U.S. locations, including participating Wal-Mart (WMT ). Duane Reade, and 7-Eleven stores. Once users have Bitcoins, they store them on their computers or mobile devices in files known as Bitcoin wallets or in cloud-based “e-wallets.”
Hajduk says Infiniti Poker will accept credit cards, wire transfers, and other payment options, but players in the U.S. will be able to play only using Bitcoins. He originally included the currency not to get around U.S. law but to reduce the time it takes to cash players out. Bank transactions can take up to 12 weeks; players who use Bitcoin can get a payout in a matter of hours, he says.
GamblingCompliance, which tracks the global gaming industry, says most estimates value the U.S. online gambling market at $4 billion to $6 billion. On Black Friday, gamblers in the U.S. had more than $100 million in online accounts frozen. Nearly two years later, the U.S. government is still working to reimburse the players, who were not targeted in the crackdown.
Hajduk says the ability to store Bitcoins on players’ computers is appealing. “At the end of the day, [the government] cannot freeze your account because they cannot kick down the door to Bitcoin,” he says.
It’s unclear whether the government will go after Bitcoin gambling sites. “Bitcoin poses some new legal challenges for financial authorities,” says Martin Williams, the Asia editor of GamblingCompliance. “I suspect that much of it will involve playing catch-up, as with so many other things relating to the Internet.” The Justice Department declined to comment.
There are other risks as well. In recent months hackers have pulled off several Bitcoin heists, and this summer Bitcoin Savings & Trust, billed as a “Bitcoin hedge fund,” made off with more than $5 million entrusted to the site by investors, in what appears to be a Ponzi scheme. Also, Bitcoin wallets can vanish as a result of hard-drive crashes or other computer problems. That’s how at least one user lost 50,000 Bitcoins, according to Peter Vessenes, chairman of Bitcoin Foundation, an organization that helps develop and promote the virtual currency.
“It’s still a pretty raw technology,” says Gavin Andresen, chief scientist at Bitcoin Foundation. “It’s pretty obvious that it’s been designed by geeks for geeks. It’s not easy to use yet, but it’s getting easier to use all the time.”
Bitcoin gaming sites keep popping up. Erik Voorhees, director of marketing and communications at BitInstant, helped design SatoshiDice, a gambling site hosted in Ireland and owned by an anonymous investor. Since launching in April, the site has taken in about $15 million in bets, Voorhees says. SatoshiDice is careful to keep everything in Bitcoin; until it’s clear how the site will be treated legally, “it’s better to keep it completely separate from real life,” he says.
When it comes to letting Americans gamble with Bitcoins, not everyone is as bold as Hajduk and SatoshiDice. Josh Strike, who in 2011 launched the Costa Rica-based Bitcoin casino site Strike Sapphire, says he makes sure Americans can’t access his games. “I’m an American, and the guys who help me with this—lawyers, part-owners, guys I’ve known since high school—they’re American,” he says. “I don’t want to get anyone in trouble.”
Bitcoin Casinos Release 2012 Earnings
It is earnings season on Wall Street and it is reporting season for some of the leading bitcoin casino operators. Three significant Bitcoin-related gambling sites have reported their earnings and statistics for calendar year 2012. Some of the data is fairly revealing giving us a fascinating glimpse into the worldwide growth of bitcoin and gambling.
First up is the venerable SatoshiDice. which is the leading bitcoin gambling site in terms of amount wagered. Responsible for more than 50% of daily network volume on the Bitcoin blockchain, SatoshiDice reported first year earnings from wagering at an impressive ฿33,310. During the year, players bet a total of ฿1,787,470 in 2,349,882 individual bets at an average monthly growth rate of 78%. Earnings were calculated from eight months of data covering May to December, 2012.
With servers based in Ireland and promoted by Erik Voorhees, SatoshiDice is considered a blockchain-based betting game and it is self-described as the “most popular Bitcoin game in the world.” Similar to random number generation, the site uses a method to produce a number between 0 and 65,535 which is then wagered on by making a bitcoin transaction to one of the static addresses representing different payouts. The odds are calculated to give the house an edge of 1.90% with full transparency because all dice rolls and earnings statistics are verifiable using the blockchain.
Operating expenses were minimal in 2012 and the company also paid monthly bitcoin dividends to ‘public’ shareholders which represent 10% of the total 100,000,000 outstanding shares. To invest in the operator and bet on the house, SatoshiDice shares are traded on the MPEx bitcoin stock exchange under ticker symbol S.DICE (see August 19th, 2012 Prospectus ). At the current exchange rate of $17.00 per BTC, SatoshiDice is a company valued at $8.9 million.
Voorhees emphasizes that until the site’s legal status is clear, all balances and accounting will be maintained in play-money bitcoin, because “it’s better to keep it completely separate from real life.” For all of the venture capitalists out there, here is how SatoshiDice started. Where is the next big one?
Provably-fair bitZino. covered previously in this column, offers blackjack, video poker, roulette, and craps in a bitcoin-only environment. When roulette was launched it quickly rose to become the top bitZino game, leveling off now to become equal with blackjack in terms of hands played. In an email to Forbes . BitZino reported first year earnings from wagering of ฿10,137. During the year, players bet a total of ฿664,192 in 3.2 million individual bets. Earnings were calculated from seven months of data covering June to December, 2012.
Since inception, unique user count went from 3,086 in June to 8,737 in December, which represents a period growth rate of 183% or average monthly growth rate of 30.5%. Earnings during that same time went from ฿326 in June to ฿3,240 in December, which represents a period growth rate of 894% or average monthly growth rate of 149%. Owner Larry Taad expects a 500% increase in these user count and earnings numbers for 2013.
Interesting trends noticed by bitZino include near daily cash-outs from players on the site which simply would not be possible with other payment methods and an astounding payment processing fee of just 0.0031%.
Seals With Clubs is an innovative and friendly bitcoin poker site launched in August 2011 by a small team of former online poker players. Choosing to remain anonymous, they happily accept players worldwide and all cash-ins and cash-outs are denominated in bitcoin so no bank accounts are required and even your email address is optional. Poker Mavens by Briggs Softworks provides the gaming software for the site. Seals affiliate manager and site pro is the enthusiastic Bryan Micon. who said “with the upcoming release of our Android app we hope to explode the BTC poker space in 2013.”
Seals confirmed that the company has paid out ฿110,587 over 7,972 transactions in the 16 months since their opening. They have over 10,600 player accounts with 5,697 of those logging in since October 1st, 2012. Typically, their busiest game time is 7-11pm EST and 972 types of Sit’N Go tournaments are also available. Players can open custom ring games and December brought in 1,000 unique players to at least one raked hand.
With game servers based in Iceland, Seals With Clubs is dealing about 10,000 hands of poker per day and raking only about 4,000 of them. If it is a tournament hand, no flop dealt, or below ฿0.04, then there is no rake. The current rake is 2.5% with a cap of ฿0.10 per hand which is slightly less than half of what other poker sites would charge.
Conservatively assuming that only 5% of the raked hands get to the maximum rake, then Seals With Clubs would be earning at least ฿20 per day on 4,000 raked hands dealt (or ฿600 per month on average). The operator does not make details available down to that level so we have no way of knowing with certainty. However, they do give a generous share of their rake back to high volume players and to others indirectly via freerolls and other promotions.
With privacy, efficiency, growth, payment irreversibility, and cost savings as demonstrated by the above, it’s only a matter of time before the mainstream casino operators of Gibraltar and Malta realize the benefits of a gaming economy that leverages the ideal digital casino chip.
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