There is no way a game that boasts a 1% house edge will not be popular. Today, Bitcoin dice sites are bringing this fast-paced action to crypto enthusiasts. You can effortlessly log in and play the game in seconds.
Getting profitable on crypto dice sites can be tricky, especially if you go in without a strategy. On the flip side, you can rake in profits, reduce the house edge even further, and enjoy the rolling game. So, while you could lose your gaming funds, the experience can also be rewarding.
Before we go deeper, know that winning on crypto dice sites solely depends on chance. Neither you nor the casino has control over the outcome of the roll. With that in mind, let’s see some tips and strategies to help you profit on crypto dice sites.
Tips to Profit from Crypto Dice Sites
So, we will share a few tips that will help you break even and profit from playing on crypto dice sites. You can do them all, or pick the best suits you.
Before we head into the tips, the most crucial step is to know how to play. Different Bitcoin dice sites may add little variations to the games, but the primary mechanisms stay the same.
You wager on the outcome of rolls, often a range. Get it right, and you win the round. For a more precise explanation, the following are the steps involved in playing the game:
- Select your bet size
- Pick a number. Depending on the casino, this value could be between one and a hundred.
- Pick either roll-hi or roll-lo. The former means your range is higher than the picked number, while the latter represents a lower range.
- The final step is to press the “roll” button to begin.
Bitcoin dice sites use random number generators to make the rolls. That leads us to the first tip for profiting from crypto dice sites:
Play at a Licensed Casino
You will find several online casinos offering several variants of this peculiar game. However, not all are licensed. Playing in an unlicensed one means that there could be no fairness.
Licensed casinos use random number generators to ensure fair play on their gaming options. That way, neither the operator nor the player controls the outcome.
Hence, verifying that your operator is licensed is vital if you want to profit from playing this game. The last thing any punter needs is to pump in bets, not knowing that the platform may manipulate the results.
Reputable bodies that license online casinos include the UK Gambling Commission, the Malta Gaming Authority, and the Curacao Government. A casino may hold one or even two licenses from these regulators.
Steadily Raise Your Bets
You may want to increase your bets after a winning roll. While that could pay off, you could also lose the entire amount. Remember that you are dealing with a game of chance.
Rather than take wide leaps, make small increments to your bets. That way, you position yourself to earn more while reducing the risk.
Bankroll management strategies will help you minimize risks and extend your playing time.
Take Out Half of Your Winnings
After a winning run, save half of your winnings instead of pouring them back into the next round. Doing that ensures that you have something in your account when you finish playing the game.
While pumping your winnings back means the payout will be higher, you might also lose them. Remember that winning on crypto dice sites boils down to chance. The games are random, and the results unpredictable.
Use Different Strategies
Bitcoin dice sites may use random number generators, but there are strategies you can use to position yourself for profit. They are not foolproof, but they can improve your chances of winning.
The following are popular strategies to become profitable on Bitcoin dice sites:
The Martingale Strategy
Traders in the forex market use this tactic from time to time. Its effectiveness has brought its extensive application on bitcoin dice sites. So, what does the tactic say?
The martingale strategy suggests you double your bet after losing. While that sounds counter-intuitive, you stand a chance of coming out with a higher payout.
The strategy suggests that because it believes the subsequent roll will be the opposite of the previous one. So, doubling your bets seems like a smart move.
The Martingale method is a high-risk one and better suited for high rollers. On the other hand, try others if you have limited funds.
The Break-Even Martingale
This strategy is a variation of the Martingale tactic. Instead of doubling your bet after losing, you maintain the value. You can only increase the stake if the third roll results in a loss.
The break-even martingale tactic slows down the burn rate of your bankroll. At the same time, it also positions you for a higher payout.
D’Alembert Strategy
Although this strategy suggests increasing the bets, it adds that players do that by only one unit. It reduces the risk and ties in with our earlier suggestion of small bet increments.
However, it only suggests you increase your bet after a losing roll.
Paroli Strategy
This strategy suggests increasing your bet after a winning roll, unlike the Martingale tactic. If the subsequent roll results in a loss, then Paroli proposes you return to the starting wager.
It is a simple yet effective strategy. Nevertheless, you can still set aside a portion of your winnings before increasing your wager.
Hybrid Wagering
Bitcoin dice sites are fun to play on, especially if you have the bankroll. We have mentioned individual strategies that can increase your winnings. Notwithstanding, you can use all of them in a single session, at least the ones that relate.
The hybrid strategy is particularly efficient for extended gaming sessions on Bitcoin dice sites.
Conclusion
Although we have mentioned some tips for getting profitable on crypto dice sites, the ultimate tactic is to embrace responsible betting. Use tools like win and loss limits to save your bankroll and reduce your tendency for addiction.
