Recently you may have seen me talk about matched betting, which I think is something that you can only do if you are a resident of the UK or surrounding islands. Matched betting, if you don't know, is where you get a bet and place it -- then bet against the original bet on the exchange. This alone doesn't make any money, in fact the potential to lose a little bit is high. But where the win is, is when the online casino's send out promotional material to keep you playing (or losing for that matter).
You'll have also see me jump for joy and write a post about it a couple of months back when I won over £250 in the slots. It helped me pay some of my bills, which I'm eternally thankful for.
Yeah, I'm not a big gambler. But I like to do a fair bit of it from time to time.
One thing that totally took me by surprise, though, is that when I was taken from a link in a search of regular gambling establishments I fell on Cherry Jackpot Casino and what was interesting to me is that casino's now accept bitcoin as payment for using their services. And if they aren't, it won't be long before they will be. I was kind-of blown away by this thought.
I can use my crypto to gamble.
I mean this isn't a new thing per se. Since the dawn of crypto there have always been places that you can whittle away your hard-earned gains. However, now it seems more and more establishments are taking on the might of the Bitcoin.
If you take it from a business perspective, particularly from a place which allows bitcoin, then it's good practise and makes good sense to allow bitcoin to be used. People tend to be more lax when it comes to throwing their bitcoin around. I'm unsure why. I remember being in a support queue when one person was complaining that in a hi-lo dice game he lost 50 bitcoin, throwing 1 bitcoin gambles at a time. This was at a time when bitcoin was still five figures in usd.
Not in any sense am I saying that bitcoin holders are wreckless with their money, nor am I saying that holders are all degenerate gamblers, only that the anonymity of holding these coins makes it easier to spend it faster and without consequence -- so definitely be safe.
Casino's have come a long way since I was a young boy. I remember having to go to an arcade to spend my money, and then as I passed the age where I was allowed in casino's I'd have to make a big day out of it -- my nearest one being in the big city, quite a way away. But now, I can use it from the safety of my own home and in my PJ's if I want to, hah.
Since the rise of the Internet we have seen also the rise of casino's and betting establishments, firstly, able to accept your top up via credit card, then eventually they were able to accept debit card, and now you can use cryptocurrency (which in my opinion is far more effective). Yeah, certainly bitcoin and other cryptocurrencies have made it far easier to not only to create gambling establishments with custom built coins, but also to be used inside them as a way to win.
Cryptocurrency has definitely come a long way. You only need join one or two blockchains before you realise the amount of games, currency simulators, and casino's built off the back of their coins. It's quite a farsight from the world I used to live in say 20 years ago -- where the best I was going to get was having to use metal coins to play my games.
I'd love to know what your tipple is? What crypto gambler gets you stoked? Or what traditional fiat one wets your whistle for that matter? :)