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Everything you need to know about Bitcoin gambling

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Everything you need to know about Bitcoin gambling

The bitcoin is currently the most popular cryptocurrency used around the world. People are able to earn bitcoins in competitions where users offer their computing power to verify and record bitcoin transactions into the blockchain. This is also known as miners. Successful miners are rewarded with transaction fees and newly created bitcoins. Like most currencies, bitcoins can be exchanged for other currencies. Over 100,000 merchants and vendors now accept bitcoin as payment, including betting sites. It is predicted that gambling represents between 50-60% of all Bitcoin transactions.

Bitcoin gambling comes in various forms, ranging from casino games with live dealers to sports betting sites. These are the most popular forms of bitcoin gambling that are currently available. Much like regular betting, users are able to place bets but use the bitcoin currency instead of pounds or dollars. These bitcoin gambling sites also offer promotions like regular bookmakers such as deposit bonuses for new and existing members.

Bitcoins

Certain bitcoin sites provide proof that they are operating a legitimate bitcoin gambling site by providing evidence for provably fair games. By providing evidence that they are provably fair, it shows that the odds are not overwhelmingly stacked against the players. These sites are highly recommended for bitcoin gamblers. Sites that don’t provide this evidence tend to be avoided as there is the risk that your winnings might be taken by the operator rather than paid out. Bitcoins are unable to be refunded so if your operator steals it, you won’t see it again.

Like the majority of gambling sites, users of bitcoin gambling sites are offered the same or similar ‘services’. Casino games are currently bet on the most by bitcoin gamblers, with multiple sites being solely dedicated to casino games. Bitcoin gamblers can also bet on poker and blackjack games, dice games, and sport games. There are even some sites that allow users to Forex trade using bitcoin. Bitcoin Binary Options gambling has recently become very popular amongst Bitcoin gamblers. Its simplicity and fast, easy nature of buying and contracts and trading makes it a popular choice for gamblers.

As bitcoin is a ‘virtual currency’, bitcoin gambling is not limited to the typical games that you would find in a casino. You can expect to find alternative methods of gambling such as predictions, races, wheel of fortune, challenge, flip coins, and chain games on specific bitcoin gambling websites. Although bitcoin gambling may be similar to ‘regular’ gambling in some aspects, there are also other aspects which make it different. As mentioned earlier, bitcoin gamblers tend to have a wider range of games to play. Alternative games such as wheel of fortune and chain games are usually not available on other gambling sites, whereas they are available on bitcoin gambling sites. Players are also able to receive their winnings in seconds and avoid any transaction fees.

Overall, it seems that bitcoin gambling on a whole is a positive section of the gambling community. The wide range of games to play and bets to place make it an attractive option for any gambling enthusiast, especially those that like to receive their winnings almost instantly and avoid transaction fees. Although anonymous operators can be intimidating for newcomers to bitcoin gambling and a potential risk, there are plenty of legitimate sites out there. Despite this risk, the pros far outweigh the cons and it looks like bitcoin gambling will be a legitimate ‘section’ of the gambling community for the foreseeable future.

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For more information on Bitcoin check out the following sites:

Blackjack in Montana ???

Bill would legalize blackjack in Montana, tax tables

FREDDY MONARES, University of Montana School of Journalism Published 4:33 p.m. MT March 15, 2017

HELENA — Rep. Wylie Galt, R-Martinsdale, said generating revenue for the state can be as simple as counting to 21, meaning, playing blackjack.  House Bill 578 would legalize the card game, for both tabletop and video play.  The bill also allocates a $500 tax on each blackjack table to the state’s Department of Justice and a state special revenue account — $100 going to the DOJ, and $400 to the account.  … CLICK HERE FOR FULL ARTICLE

Some history of gambling in Montana can be found at the Montana Department of Justice site.  From their site:

The Montana Legislature has authorized limited legal gambling in Montana. Poker, keno, bingo, and video line gambling machines are legal with a maximum $2 bet and $800 payout. Legal live games include: raffles, bingo, keno, panguingue, poker and shake-a-day. Sports pools, fantasy sports leagues and sports tab games are also legal. These are non-banking games in which players bet against and settle with each other rather than betting against and settling with the house.

The legal age for gambling in Montana is 18, with the exception of raffles conducted by churches, schools, charitable and nonprofit organizations. Children under 18 years old may participate in these.  LINK

Ten Fun Ways to Look Like an Idiot*

Ten Fun Ways to Look Like an Idiot*
* Or avoiding blackjack protocol at all costs!
by Michael Dalton
(Originally published in the Summer 1996 issue of Blackjack Review)

  1. Before you sit down at any table be sure to introduce yourself and shake the dealer’s hand. If you need chips, always hand the dealer the money directly.  Never place money directly on the table… someone might steal it!
     
  2. Be sure to have a cup full of slot tokens in your lap and preferably on the table. They are great for tipping and when you pile them up in your betting circle you will feel like a high roller.
     
  3. Always pick up your cards with two hands. You don’t want to drop them do you?
     
  4. Tell the dealer you would like to take insurance when he “doesn’t” have an Ace up. Oh, let’s say, with an 8 up, for example.
     
  5. When playing your hand, always signal your wishes verbally instead of using that silly scratching technique.
     
  6. In a face down game, don’t tell anyone if you get a blackjack. Just keep it a secret until the dealer flips it over… for all to enjoy!
     
  7. When doubling down, just slap your chips on top of your main bet. It’s so much more fun doing it this way and it adds a bit of excitement to the game.  When security comes just tell them you heard about it in Blackjack Review.. they’ll understand!
     
  8. In a face down game when the count is negative… and you have busted your hand, just keep asking for cards until you get 31. Just tell them you thought this was Chinese blackjack.
     
  9. Every now and then bet less than the table minimum. This keeps the dealer and pit on their toes and tells them you are someone to be reckoned with!
     
  10. If another player makes a mistake… any mistake, ask the dealer for your money back!
     

    Ten Fun Ways to Look Like an Idiot

Ed Thorp’s A Man for All Markets

On January 24th 2017, Random House Publishing will release Ed Thorp’s memoirs in his new book A Man for All Markets: From Las Vegas to Wall Street, How I Beat the Dealer and the Market.

A Man for all Markets by Ed Thorp

Nassim Taleb did the foreword for this book and if you are interested you can read it here.  Early reviews of the book appear excellent and I am looking forward to reading it.  You can pre-order this book on Amazon.

Encyclopedia of Casino Twenty One references:

Historical Events and Quotes

Play Better Win More
Announcing the Blackjack Review Network
historical event and quotation database.

Every day that you visit the Blackjack Review Network web site you are greeted with a historical event and/or quote of the day. 

My goal is to have a relevant event and/or quote for each day of the year.   Relevant means the event or quote should be blackjack or gambling related or support our motto “Gaining an edge in cards and life!

Review our two databases:

… and tell me what you think.  Suggestions for new events and quotes are always welcome.  

Events should have an “exact” date (month, day, year) associated with them.  Also, if possible, tell me the source of this fact. Ideas include:

  • Births and deaths of notable figures
  • Casino openings and closings
  • Legal events and gambling laws
  • Article and book publishing dates
  • Big team losses or wins
  • Casino heists
  • Blackjack tournaments
  • Barrings
  • Interviews
  • Awards
  • Website start dates
  • Blackjack Ball events

To make a suggestion, reply to this post or leave comment here.

Michael Dalton
Editor/Publisher
Blackjack Review Network
http://www.BlackjackReview.com

 

 

Blackjack Review Network Progress Update

Blackjack Review Network

Considerable progress has been made updating the Blackjack Review Network site at http://www.bjrnet.com and http://www.blackjackreview.com.  The entire site is going through an overhaul which means everything is being updated.  I am working 12-15 hours every day on this project.  My completion estimate is the end of August for phase 1. 

The Encyclopedia of Casino Twenty-One is also finally being updated.  Lots of new blackjack terms, strategies, authors, books, software, videos and web sites to consider.

If you would like to be a contributor to this site please email me at [email protected].  I am only interested in responsible people who are serious about the game and understands what “positive expectation” is. 

If accepted, you will be given “contributor” status and a password to log into the site.

Michael Dalton
Editor/Publisher
Blackjack Review Network
http://www.BlackjackReview.com
[email protected]

BJRnet.com Product Catalog SALE!!!!!!!

Play Better Win MoreThe Blackjack Review Network product catalog has been updated with lower prices throughout.   Many items are on clearance sale!

Free shipping on all orders over $19.94.

Check it out at http://www.blackjackreview.com/wp/catalog/ or click on the banner above.

Michael Dalton
Editor / Publisher
Blackjack Review Network
http://www.bjrnet.com
http://www.blackjackreview.com
Spur of the Moment Publishing

Who has the biggest blackjack book collection?

I’ve been collecting blackjack books since the early 1980s.  It’s pretty intensive but I am sure it is not the largest.  If your collection is larger I would love to hear your comments.  I recently did some organizing in my office and found a few duplicate books – which you can check out on my Amazon Marketplace account at https://www.amazon.com/seller/bjrnet .  The photo below is just the corner of my office.  It doesn’t include poker books, blackjack software and my other collections.

Dalton's Blackjack Book Collection 2016
Dalton’s Blackjack Book Collection 2016