Introduction – Ethereum Gambling
As the name suggests, Ethereum gambling refers to the branch of the online gambling industry that exclusively or inclusively accepts Ethereum for payments. There are various platforms operating in the segment that are located in different parts of the world and are subjected to respective jurisdictions. Ethereum gambling platforms offer a diverse variety of betting options that includes table games, online casino games, sports betting and many more. Most of these platforms provide lucrative incentives and bonuses to the users that includes free spins, additional funds and perks etc. The leading platforms make use of the cryptocurrency’s technology and provide instant transfer of funds if gamblers wish to withdraw their winnings (which might be subject to charges based on the respective platform).
Types of Games at Ethereum Gambling Sites
The list of games available at major ETH gambling sites is long and full of quirky options that can serve the preferences of different users. Some of the most popular games that are supported by leading platforms are listed below.
Ethereum Video Slots
Slots used to be one of the most popular and commonly played games that the physical casinos and that stands true for the online gambling sites as well. Ethereum Video slots is the digital version of slot games and also comes with the maximum amount of bonuses associated with it. The gamling option also has video versions available on the sites that often have engaging graphical interfaces.
Ethereum Card and Table Games
Card and Table games is yet another popular option among casino games that are present on the Ethereum gambling sites. This category of games include most of the reputed games such as Poker, Baccarat, Blackjack etc.
Scratchcards is one of those gambling games that are gaining more use base in the digital format and are a common choice due to the relatively small amount of funds that are required to make a wager. While the payout rate is not easily determined, it is not one of recognized provably fair games.
Ethereum Live Casino
Live casino on Ethereum gambling sites is one of the more niche gambling options where the players can bet in real time and make use of the platform to simulate a similar experience to that of a physical land based casino.
Ethereum Jackpot Games
Similar to traditional lottery and jackpot options, Ethereum jackpot games are the mass participation online games where the bettors can invest a small amount in the wager and try their luck to win the progressively increasing or stable pool of winning. In this format, the odds of winnings would technically increase with the investment as users would have a relatively greater chance of winning with multiple entries.
Why are Ethereum Gambling Sites great?
Ethereum gambling sites serve as a medium to overcome most of the limitations of the conventional gambling sites and casinos with the help of blockchain architecture. The ease of deposits, real time transactions and anonymity has made crypto gambling an exponentially growing industry.
Ethereum gambling sites offer a plethora of gaming and betting options that can even act as a replacement for the physical gambling environment, although with a few small disadvantages. Being a technical affair, cryptocurrency and online gambling should be understood well before one starts investing money in hopes of a win.