In this guide we’ll discuss the pros and cons of gambling with Bitcoin, as well as taking a look at the ways you can gamble on everything from poker to casino games with this currency.
Is it Better to Gamble with Bitcoin?
In truth, it’s all a matter of personal preference. We’re not going to tell you that it’s better to use Bitcoin than another method, because while it might be better for us or for the next person, it won’t necessarily be better for you.
It’s all a case of weighing up the pros and cons of Bitcoin gambling against other forms of gambling. In most cases, if you have Bitcoins and you trade in them, then it’s much more beneficial for you to gamble with Bitcoins than to gamble with some other payment method. If not, then it may be easier to stick with PayPal.
Hopefully this guide can help you to make up your mind.
Benefits of Gambling with Bitcoin
The main benefit of Bitcoin gambling is the fact that it is completely safe and anonymous. If you hear the word “anonymous” you might think that it doesn’t benefit you and only benefits those who have something to hide.
But you’re thinking about it the wrong way. When you deposit using a credit card or debit card, you’re giving sensitive financial information to someone, and with that information they could take all of your money and even your identity. With Bitcoins, this is not possible.
That’s why it’s so beneficial and why many people prefer gambling with Bitcoins.
Playing Slots with Bitcoin
The most common form of Bitcoin gambling is online slot machines. These are available in their droves and can be found on all of the biggest Bitcoin online casinos.
You will find many of your favorite slots from the likes of Playtech and Microgaming, but you’ll also find slots from the likes of BetSoft and Net Ent. Simply put, if you can play it with PayPal then you can play it with Bitcoin as well.
Playing Table Games with Bitcoin
Table games tend to be fewer in number than slot machines. But there are still many of them out there and you can play a lot of these with Bitcoins.
Most Bitcoin casinos have at least 1 variant of blackjack, roulette, craps, poker and Pai Gow, as well as many other popular games. You’ll also find some unique games that are exclusive to those casinos.
Unlike non-Bitcoin casinos, these gambling sites tend to offer something that you won’t find anywhere else. This is a great way for them to appeal to a highly competitive market and to help them to standout. It also ensures that the players they attract stick around and remain loyal, which is something that other online casinos struggle with.
Playing Poker with Bitcoin
There are very few online poker rooms out there that accept Bitcoin as a deposit or withdrawal method. They do exist, but you have to avoid the biggest poker rooms, and it’s a slippery slope once you begin to do that.
However, there are many poker variants available on Bitcoin casinos and these are often the best option. The most popular of these is Three-Card Poker. This is a very simple variant, and one that you can find on most online casinos. It is played against the house, as opposed other players. But just like any other game of poker it can be beaten if you know what you’re doing.
If you prefer to stick with games that you know from card halls and poker rooms then try your hand at games of video poker instead. These follow more familiar formats such as Five Card Draw, Texas Hold’em and Stud.
Video poker is not played against other players, but it’s technically not played against the house either. You are certainly paid by the house, but you’re not actually playing against them. Instead, you’re simply on a quest to get cards worthy of big wins. There are set payouts for all common poker hands, and the better they are, the more you can win.
Many of these games don’t pay for anything less than a pair and some of them pay a huge jackpot if you get a royal flush.
Sports Betting with Bitcoin
Bitcoin sports betting sites are even less common. The biggest sports books are the ones that have existed for decades, and the goal of these sports books is to appeal to as many players as possible. Because Bitcoin is not an easy option to offer, and because it’s just not very common, these sites don’t offer it.
There are a few specialist Bitcoin sports books out there. Just like all other Bitcoin gambling sites these tend only to deal in the cryptocurrency and don’t offer any other options. As a result, they tend to be very niche, but they are also growing bigger and bigger as Bitcoin becomes more popular.
Getting Bonuses on Bitcoin Gambling Sites
There are many bonuses available on online casinos. This is how they attract players and how they standout in a very saturated marketplace. For a normal online casino, they often have the same games and the same platform as hundreds of competitors, so bonuses are the only way they can make their product unique.
Bitcoin casinos are different. They are more unique already, as are the games and platforms. However, despite this, they still offer many big bonuses. In most cases, the bonuses you will find on Bitcoin casinos are actually bigger than the ones you will find on non Bitcoin casinos.
The most common bonus comes in the former of a matched deposit. This essentially gives you an extra percentage of your deposit amount for free. On most casinos the average matched deposit is 50% or 100%, returning $50 and $100 respectively from a $100 deposit. But on Bitcoin casinos it can be between 200% and 500%, turning that $100 into $300 and $600.
Using Bitcoin to Deposit
If you want to make a deposit with Bitcoin then the first thing that you need to do is download a Bitcoin wallet. This simple application needs to be stored safely on your computer and you should make a note of the unique Bitcoin Wallet ID that you are given when you download it.
Your next step is to purchase Bitcoins. There is no official source to speak of and you need to purchase them through an exchange, similar to the ways you would trade in other world currencies. You simply give them money in your chosen currency, give them your wallet ID and then wait for the money to be sent your way.
Once you have the Bitcoins then you’re good to go. Just signup to your Bitcoin gambling site of choice, make the transfer and then wait for that money to be converted into credits.
Using Bitcoin to Withdraw
With most payment methods it is very easy to deposit and a little more complicated to withdrawal. With Bitcoin, it’s the other way around. There are a few steps involved with depositing, as mentioned above, but when it comes time to withdraw you just need your wallet ID.
Once they have that they they know where to send your money. So, make sure you get this ID right. Double and triple check it.
You may also want to wait for a time when the value of Bitcoins is quite high. The price fluctuates all of the time, so keep an eye on it and then withdraw when it is high. That way you can essentially increase your winnings without playing anymore games.
Other Deposit and Withdrawal Options
On Bitcoin casinos there are usually no other methods available, just as there is no option for Bitcoin on casinos that have a number of available options. So, be prepared to use Bitcoin and Bitcoin only if you join one of these casinos.
Still have some questions about Bitcoin casinos and Bitcoin gambling in general? These frequently asked questions should be able to help. There is a lot to learn, a lot to discover, but we’ll try and help you as best we can.
Is Bitcoin Gambling Safe?
Bitcoin is one of the safest payment methods available. In fact, Bitcoin is the only common payment method out there that is also completely anonymous. When you use a credit card, a debit card or any other popular method, you leave a paper trail a mile long.
Not only can someone trace that payment all of the way, but if anyone accesses the payment or the payment details, then they can use them to steal money from you and even to steal your identity. This is becoming increasingly common in the modern age, but it’s something that you don’t need to worry about with Bitcoin.
Is Bitcoin Gambling Fair?
Whether a casino is fair or not doesn’t really have anything to do with the payment method being used. But Bitcoin casinos abide by the same rules and regulations as other casinos, which means that as long as they are regulated and licensed then you’ll be okay.
Just make sure you that you check whether or not the casino you’re dealing with is regulated and official. You should also make sure that the casino is audited and that you read the audit report. This will tell you how fair the games are, as well as other details about the casino.
Are Limits Imposed?
As with all casinos, there are limits when using Bitcoins. However, these tend to be much less restrictive than the limits you will find on other online casinos.
You will typically struggle to deposit very small amounts, such as €5 or €10, as the minimum amount is often a little higher. But at the same time, you are not restricted by low maximums or by limited withdrawals.
I’m a High Roller. Can I Get More Benefits?
Many of the benefits you can receive as a high roller on Bitcoin casinos are the same as the ones you will receive on other online casinos. These include loyalty schemes that reward you with everything from cash back to prizes and online tournament tickets.
However, with Bitcoin casinos you can also benefit from faster payments when dealing with larger amounts. Very high deposits and withdrawals are often subject to certain restrictions on online casinos. They may be held in review, they may be rejected altogether if the member is new.
On Bitcoin casinos that is not the case. There are higher minimum and maximum deposits and there are higher minimum and maximum withdrawals. There is also very little waiting time. Even if you win a large amount of money then it should still be in your bank account within a few days.
Can I use Bitcoin Gambling Sites on my Smartphone?
You may need to make a deposit on your desktop, but once you have money in your account then there will be nothing stopping you from playing a Bitcoin casino on your smartphone.
Bitcoin casinos, just like other casinos, have all jumped on the mobile bandwagon. There are now more people using the internet with their mobile device than with their desktop, which is why so many developers and casinos have turned toward the mobile market.
The best way to play Bitcoin casinos on your mobile device is to go directly through your mobile browser. This way you are guaranteed compatibility and won’t have any issues regardless of whether you’re using an Android, Apple or Windows smartphone.
Can I use Bitcoin Gambling Sites on my Tablet?
Bitcoin casinos and other Bitcoin gambling sites can also be played on your tablet device, whether it’s a Samsung Tab, an Apple iPad or one of the many other devices out there.
As with smartphones, you may be better off going through a mobile browser than downloading an app. This tends to be less of a problem with Bitcoin sports books, which are better suited for apps, but it’s definitely the case for Bitcoin casinos.
If the experts are to be believed then Bitcoin is the currency of the future. If that’s the case then now is the time to invest in Bitcoins and to make the switch to Bitcoin gambling sites.
Not only is this a great way to gamble, but if Bitcoin does reach the lofty heights that are expected of it, then it could also be a great way to invest for the future.
It hasn’t always been possible to gamble online with PayPal, making PayPal casinos and PayPal sports books a thing of myth and legend (not to mention scams). However, times have changed and PayPal is now one of the most widely used deposit and withdrawal options on online gambling sites.
But what instigated this change, how did PayPal grow and why is this web wallet so popular with online gamblers around the world?
PayPal and Gambling: The History
Online gambling with PayPal wasn’t always possible. In fact, in the early days it was restricted and anyone caught breaching those restrictions could be banned from the service.
These issues stemmed from the fact that PayPal is US-based and that the US has never looked too fondly on online gambling. There was also a concern that PayPal gambling sites and PayPal gamblers were using the service to launder money.
This changed when services like Skrill and Neteller began to allow online gambling payments. They saw a gap in the market and they exploited it to the fullest. They made a lot of money based on the back of the gambling industry they were able to rival PayPal in terms of size, wealth and reach.
At that point, PayPal decided that a change was needed. They removed those restrictions and began allowing online gambling sites to use their service as a deposit and withdrawal method. Once this happened, PayPal pulled away from the others once more and grew into the financial behemoth that is is today.
Benefits of PayPal Gambling
There are a number of positives to gambling with PayPal.
The first of these is the fact that you can use PayPal as a bankroll. This is important for professional gamblers and for those who struggle with gambling addiction.
Simply put, it allows them to use their PayPal account to manage their winnings and their losses, limiting any compulsions they have to add more money when they are on a losing streak and allowing them to keep track of every penny going in and out.
Not only is this beneficial for one site or one platform, but it’s also useful for all online gambling sites and activities. For instance, they can make a single transfer from their bank to their PayPal account and then use this to bet on a single online gambling site. If they win, then can then move money to another site, and another, and another. They can even use their winners to purchase gifts, clothes, food and more.
And throughout that time they only ever have to make a single deposit. That’s the sort of accessibility that makes PayPal so popular both with shoppers and gamblers.
Why Gamble with PayPal: Pros and Cons
To clarify just what the benefits of PayPal are to online gamblers, take a look at these pros and cons:
- Bankroll: As mentioned above, PayPal is a great tool for bankrolling.
- Safety: If you worry about using your card details on new sites then just use PayPal. There are no security fears here.
- Speed: A debt card and a credit card can take 5 days to process a withdrawal, as can many other payment methods, but PayPal withdrawals can be processed within a matter of minutes.
- Accessibility: There are a huge number of sites that accept PayPal, and it can even be used on shopping sites and to send money to fiends and family.
- Fees: There are some fees associated with PayPal withdrawals. These aren’t always charged, but they can be. You should make sure that you check in advance so that you don’t get any nasty surprises.
- Slow Customer Support: PayPal’s support has improved a lot over the years, but it can still be difficult to find help when you need it.
Will I Pay Fees?
There can be fees, but these are rarely charged. Typically, fees are only charged when you pay for goods or services, in which case the person receiving the money will pay them. If you receive money from a gambling site it is often processed as a different type of payment, and there are no fees involved with these payments.
PayPal is actually one of the cheapest methods as options like bank transfers, credit cards and others often incur fees.
Best PayPal Gambling Sites
So, just what are the best PayPal gambling sites out there? Well, this is not an easy question to answer as there are thousands of them. In fact, there are more gambling sites that accept PayPal than there are sites that don’t.
It all comes down to preference and often has very little to do with PayPal. The only thing you can do as a player is to make sure that the sites you use are safe and fair, and that you try as many of them as you can in order to find the one that is perfect for you.
PayPal Gambling Limits
There are no set limits on PayPal deposits and withdrawals. However, the gambling site you’re using may impose such limits.
In most cases, you will need to deposit a minimum of €10. This very rarely goes any lower and sometimes it is a little higher. The average highest deposit is around €10,000. But again, it all depends on the casinos, the sports book or the poker site and has very little to do with PayPal.
This is something that you should check in advance, especially if you’re a micro stakes player or a high roller. You should also check the withdrawal limits as some sites impose restrictions on the amount of money you can win, as well as the amount of money you can withdraw. These practices are generally frowned upon, but they are not unheard of.
How Quick are PayPal Withdrawals Processed?
PayPal deposits are processed instantly, like all online gambling deposits. However, withdrawals tend to be a little slower.
On the plus side, once a withdrawal is initiated through the online gambling site then it should be in your account within minutes. On the down side, gambling sites often site on withdrawals for a minimum of 24 hours before instigating them.
Put simply, if there is ever a delay in receiving your money following a PayPal withdrawal, then it’s probably on behalf of the gambling site and not PayPal.
Can I Use PayPal to Bet on Sports?
This was a very contention issue in the early days. Even when PayPal gambling sites became a thing, PayPal sports books were still non existent.
In some countries, this remains to be the case. But across Europe, and in other countries where online gambling is unrestricted and widely available, there are no such issues.
In fact, the biggest sports books in the world, including the likes of BetFair, Bet365 and 888Sport, all accept PayPal. You just need to deposit, place your bets and then withdraw your winnings if and when they arrive.
Can I Use PayPal to Play Poker?
Many online casinos use PayPal and also offer games of poker. However, these tend to be three-card poker, which is played against the house, and video poker. If you use a poker room, then your best bet is to use one that is attached to a larger betting site, as opposed to one that is all about poker.
That’s because many poker rooms just don’t accept PayPal, whereas poker rooms that are attached to larger betting sites do.
Can I Use PayPal to Play Casino Games?
You should be able to play your favorite online casino games using PayPal. There are no restrictions on the types of games you can play and whether or not you can use this web wallet is all down to the online casino.
So, check in advance to ensure that they offer PayPal as a banking option and then take a look at the games they have available.
Can I Use PayPal Gambling Sites on my Mobile?
Many online gamblers prefer to play through their mobile device these days, and the developers, the casinos and the payment providers are working hard to facilitate this. In the early days of mobile gambling, you could only play online and had to deposit/withdraw using your desktop.
That is no longer the case though. You should be able to make a deposit and a withdrawal directly through your mobile app. As a security measure, online casinos recommend that you don’t stay logged into your payment provider or into the casino, just incase you lose your device.
So, make sure that the casino and your PayPal account require a login each time, and that your device has a passcode and/or a failsafe placed on it.
Is PayPal Better than Skrill?
Whether you use PayPal or Skrill is just a matter of preference. There are customers out there who absolutely despise PayPal, usually because they have had an issue with it in the past.
This always happens with companies that deal with so much money and so many customers, and PayPal is no exception. But the same could be said for Skrill, and they have just as many haters as PayPal does.
For people in either of these two camps, the winner of the PayPal versus Skrill battle is a fairly obvious one. For those who have had no issues with either of these web wallets, it’s not as clear.
But what is clear is that if you compare everything that these two services offer, from the fees they charge to the features they provide and the efficiency at which they operate, the end result is pretty level. In other words, there is very little separating the two.
Is PayPal Gambling Safe?
PayPal is completely safe. In fact, that’s one of the best reasons to gamble online with PayPal, and one of the reasons so many customers use it.
PayPal serves as a bridge between your bank account and any number of gambling sites. All modern gambling sites are secure, but despite that, no one likes the idea of giving their debit or credit card to dozens of different sites. With PayPal, they’re the only ones who have your details and they can essentially make transfers to many gambling sites for you.
If you’re worried about your safety online, this could be the peace of mind that you crave. Even if you’re not overly concerned about this issue, the added security offered by PayPal is still welcome.
What are the Restrictions on Gambling with PayPal?
You should be able to use PayPal to bet on most sports books, casinos and even poker rooms. However, this may not always be the case.
Some sites don’t offer PayPal as an option. There can be a number of reasons for this, ranging from the fees charged by PayPal to the potential risk of fraud. But whatever the reason, if a site doesn’t accept PayPal then there’s nothing you can do about it.
It’s best to check with a casino’s deposit/withdrawal options before you join to make sure they accept PayPal as an option. If you can’t find this info, then just look for the PayPal logo at the bottom of the homepage.
You will not be able to use PayPal to gamble online if you reside in the United States. They do not facilitate transactions between US gamblers and US-based gambling sites, even if those sites are based in Central or South America, as so many of them are.
PayPal is the biggest web wallet in the world and one of the biggest online payment providers. It is popular for a reason, many reasons in fact. It’s quick, it’s easy, its accessible, and when it comes to online gambling, it just makes life so much easier.
All gamblers can benefit from using PayPal, from those who gamble frequently and want to use it as a bankrolling tool, as well as something to make things easier, to occasional gamblers looking to make their money a little safer.
It’s not perfect, but nothing is. And when it comes to a quick, easy-to-use online gambling solution, it doesn’t get much better than this.
Online blackjack is a card game that is exciting and usually revolves around the interaction between a player and a dealer. The game which is quite popular around the world in regard to table games has a single aim which is to earn more points than the dealer thus beating him in the game. However, to consistently win in blackjack it is important to follow a number of guidelines that can be used by both beginners and those who have been playing the game for a while. there are also several variation of blackjack, for example you can play Blackjack Pontoon online, which is a different version of the regular blackjack. you can check it out at paddy power, which is one of the best sites around.
So, here are some of the best tips for online blackjack players that have been adopted by many and resulted in success include:
First, it is important to have a strategy on how to play the online game and follow it through to the end. The best plan would be to calculate the money to be spent and how much will be bet on every hand in advance so as to know the boundaries that cannot be crossed. The bets can be placed on tables that have a minimum or higher limit depending on a player’s choice.
Second, the rules that govern the bonuses offered by casinos to players of online blackjack should be taken advantage of to the maximum. These rules are sometimes given to a player as soon as they sign up while others require that the game be played for a while, which makes it important to be aware of them so as not to forfeit the bonuses.
Finally, practice online blackjack by playing regularly so as to gain the skills needed to always have higher points than the dealer. Although blackjack is a game that relies on luck, the skill level of a player is also important with the best way to do so being the use of free versions that are available on many online casinos.
Almost all fans of that famous card game we all know and love that is poker, loves to read almost anything about the game and out of the hundreds and thousands of poker books available right now on the the market, a very big percentage of them are pretty much about things like poker strategies and the mechanics of poker. While everyone would definitely like to know the best way to play your pocket jacks from an early position, it does not exactly make for great read, and if you are just a casual fan of the game (or simply just out to get a present for a friend or family member who plays poker). Below you’ll find some of better books about poker that gives you a broader, and more better approach to the game and includes lots of fascinating history of poker that makes the game of such interest.
The book “Big Deal” by Anthony Holden is a great read, it show cases Holden’s attempt to make it on the professional poker circuit in the years from 1988-1989. While the book only deals much about the game it also appeals to anyone who has themselves chasing a dream of that big win tha ultimately takes them farther and farther away from the people they care the most a burden that a lot of striving poker players face each in this endeavor. The book deals more on the psychological and the emotional toll that almost all poker players endure, players chasing a big win that often falters to just a tinsy bit out of reach.
Noteworthy, Jim McManus has also authored great poker books such as “Cowboys Full: the Story of Poker” and “Posititively Fifth Street” . “Cowboys Full” is about the evolution of poker from its beginnings inside salons and private clubs to the massive internet boom thanks to the growth of online poker rooms this one over the years, it grew into a multi-billion dollar industry. “Positively Fifth Street” includes more of a personal take on the actions from McManus’ during the 2000 WSOP Main Event, with the backdrop of the murder trial of Ted Binion (which is the story he was originally sent to Vegas to cover).
Al Alvarez's “The Biggest Game in Town” is also noteworthy as the author deals about about the game before the early year 2000s that started the online boom. The book deals with the popular poker players of the older generation such as Nick the Greek, Johnny Mosse, Stu Ungar, and Doyle Brunson, so you’re not going to find any from the players that were not even born in 1983 the likes of Viktor Blom and Tom Dwan . Alvarez came up together with a variety of amazing stories, and interviews with well known poker players in the early 1980's while they made their way to Las Vegas to partake on the biggest poker games they can join. You can check out more resources online, compare and choose honest casinos..