Recently many news agencies have published an article about a new online gambling website, the so-called “Bitcoin Video Casino.” This website promises “high stakes poker action live from the front desk.” This website has been given a green light by the State Department and therefore will not be considered as a money laundering or black market activity. The only problem is, what is the “action?” Will there be actual video game playing, or is this just a marketing stunt to get people’s attention? Or, is it really going to take place?
In the article, the author claims that the bitcoin video casino is a free, open-source software that allows internet users anywhere in the world to play free poker games. However, despite its non-availability on the android app, it seems that the bitcoin casino does exist in some form. So it appears the “bitcoins” are real, at least for now.
As expected, there will be no live dealer at the site; instead a software program will handle all transactions. What this means is that the house edge – that is, the expected return minus the amount of your initial deposit – are almost certainly going to be negative. But this may well be offset by the low house edge of a “free” software implementation.
The author further claims that there will be a number of downloadable add-ons that allow players to enjoy features such as free spins, instant wins, and more. However, as with any other form of gambling, these add-ons may also be sold for additional amounts on the online gambling site, again raising the possibility of the house edge being positive on the total sum wagered. It may also be wise to look elsewhere if you want to try your luck here – there are literally thousands of sites out there, and as for the classic video poker machines, they are hardly ever available online. They are, however, more popular with the traditional brick and mortar casinos.
In conclusion, it’s clear that the authors are big fans of the bitcoin gambling site. But just like any other fan, I suppose, it would be best to be privy to all of the facts before making a commitment. The authors do admit that they haven’t tested the system out, and they also claim that their testing has revealed no problems with the system. Their website also mentions, “The bitcoin video casino will have both roulette and blackjack, as well as the traditional video poker machines.”
At the time of this writing, there is no public information regarding the status of the “bitcoins” software, or whether it is actually usable. The only thing that’s certain is that it won’t be compatible with any existing online casinos. There are, however, many gaming enthusiasts who have taken advantage of this opportunity and mined the virtual treasure – the virtual version of the traditional slot machines. If you’re on board with the new digital age of gambling, then you should definitely look into the new wave of” bitcoins” casinos. They promise a lot, and a lot of it comes with a big fat smile.