The world’s gambling market is quickly evolving past traditional games like roulette, slots, and live games. With the appearance of cryptocurrency casinos, a paradigm shift is occurring, thereby giving way to minimalist, yet rewarding games like dice.
Today’s article will explore the particularities of dice games on decentralised and crypto-based gambling platforms like EarnBet.
What’s the concept behind dice games?
Most dice games involve wagering on the outcome of a 100-sided dice throw. In other words, users can seamlessly bet on whether the roll’s outcome will situate itself above or below a specific threshold. Bettors can easily manage their risk exposure, which is directly correlated to the potential payout. On EarnBet, for instance, a 50% winning chance brings along a payout of 2x your original wager. Scoring on a 1% win chance will gain you 98.55x of your bet.
Features like automated betting transform dice games into a profit-seeking algorithm. Users can set predetermined parameters, such as increasing or decreasing the original wager when losing or winning. Similarly, bettors can also set up a maximum profit or loss limit.
Choosing the right dice game
The dice game market is currently overwhelmed with plenty of choices. Keep these suggestions in mind to make the right decision:
It’s generally recommended that users stick to gambling on licensed casinos. Licensing is often difficult to obtain, thereby serving as proof of the platform’s goodwill.
With on-chain gambling, every bet is immutably recorded on the blockchain network. In other words, the casino cannot mess with your roll once the provably fair system has determined the bet’s outcome. This leads to enhanced security and transparency. Decentralisationassures further fund security, uptime, and community involvement, as such services run on a distributed network of nodes.
EarnBet fulfils these criteria and relies on the Wax blockchain network.
With publicly-available software, developers worldwide can run code audits to determine game fairness and potential exploits. EarnBet’s dice game is open source is fully available on GitLab Furthermore, blockchain analysts have already audited the dice game for fairness, and have consequently published positive reports reports on the matter.
The history of EarnBet’s dice game
This game was initially launched via EOSBet, a subsidiary of the company that operates EarnBet. Unlike its shinier brother, EOSBet features fewer games and is fully dependent on the EOS network. As the casino is a dApp with commercial-scale aspirations, EarnBet’s team has decided to migrate to the Wax blockchain.
Today, EarnBetis a decentralised on-chain gambling ecosystem, boasting support for 13 cryptocurrencies and multiple highly-engaging games. The company has adopted a profit-sharing philosophy, meaning that users can stake BET tokens in exchange for monthly dividend payouts and a reduced house edge. Many would think that Earnbet’s ambition ends here. However, the team is reportedly working on integrating Chainlink to access off-chain oracle data for sports betting.
