What are Bitcoin Dice Games?

There are many ways to earn Bitcoin online. Some of the more common include mining, crypto commerce or just buying some for fiat money. But thanks to the flexible nature of Bitcoin, there are now countless blockchain-based games that allow you to win and wager crypto. Bitcoin dice is an extremely popular example.

Bitcoin dice is a type of casino game hosted on blockchain. Players get to pick a number in a numerical interval (1-100, 1-1000, etc.) and wager some coins on the outcome. Usually, you bet on whether the outcome of the dice roll has a higher or lower value than what you predicted. There are, however, many other options.

Bitcoin Dice History

These games started appearing back in 2012, when the coin was first released. When Bitcoin rapidly gained in popularity, the number of such and similar games grew exponentially. Now, there are thousands of different providers, some specializing in crypto games, and some merely offering crypto gambling alongside typical games.

Bitcoin dice games are inspired by the non-crypto casino dice. They are exceedingly popular in Asia. A popular example is sic bo, a Chinese game of chance played with three dice. The rules are similar to the crypto equivalent, except players use fiat currency instead of crypto. 

Why BTC dice, of all games, became so popular, is a very good question. The cause is likely the popularity this game enjoys in some Asian countries. Bitcoin is a Japanese coin originally, after all. Some creative and forward-thinking developers decided to provide gambling in crypto, and this game seemed enjoyable and simple simultaneously. 

Why Play Dice?

• Excitement (for gamblers)

Excitement is certainly an aspect here. Dice is a simple game of chance – you either lose or win depending on fate. It’s not much of an advantage for BTC dice in particular, but for dice games in general. Thankfully, crypto dice has just as many different varieties as its non-crypto counterpart.

Depending on the provider you pick, they’ll offer a different array of options. You can select a number of dice, a type of wager (roll-hi, roll-lo and others) and rules. This, and the number you pick, will affect the coefficients. Some people play the basic dice, pick a roll with small returns and remain happy.

• Profits

Unsurprisingly, most people bet for profits. You can start low and with a narrow interval, then increase risks and bets. It’s a common way to acquire some extra crypto, but you should never underestimate how risky this approach is. If you must, you should at least take precautions.

The usual precautions include: laying half your winnings to the side for protection, increasing your bets gradually & avoiding the riskiest games. They can be thrilling, of course, but it’s a sure way to lose money. Crypto has a habit of increasing in value, which is a sizeable advantage, compared to the usual gambling, where you win fiat money.

• Safety and comfort

The blockchain-based games are actually more advantageous than fiat casino games. Firstly, the deposits and withdrawals are instant. Secondly, decentralized casino games are harder to manipulate. And they are also fully anonymous: you don’t have to verify or identify yourself to play here, unlike in the usual casinos.

There is still a chance of fraud by casino. However trusted they are, they want you to lose and they want your money. Because of it, you want to select the provider carefully. Only trust the established, big providers and check user reviews carefully. Crypto dice is safer, but there’s still danger.