The Ultimate Beginners Guide to Bitcoin Roulette

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2022-01-02

Eddy Cheung

Roulette ranks among the oldest and most loved live casino games today. This classic table game features straightforward gameplay with enticing payouts from multiple side bets. But to enjoy maximum roulette entertainment, players need swift and secure payments. And that’s where Bitcoin roulette comes in. So, this guide is for you if you’re thinking of playing roulette with BTC. 

The Ultimate Beginners Guide to Bitcoin Roulette

What is Bitcoin roulette and how does it work?

Bitcoin casino roulette has been around for as long as cryptocurrency gambling has been around. In this form of gambling, players use Bitcoins to place bets at popular crypto casinos.

First, players need to deposit Bitcoins into their casino accounts to play crypto roulette. Doing this is quite simple. Copy the Bitcoin address on your live casino account and paste it on the exchange wallet. Usually, Bitcoin deposits are instant.

Bitcoin roulette retains the basic rules of standard online roulette wheels and comes in two distinct variants. They include:

European roulette: the most popular roulette wheel you can find online. It contains 36 numbered pockets and a single green zero pocket. The house edge is 2.7%.

American roulette: it has 36 red and black numbered pockets. It also features green pockets with zero (0) and double zero (00). This gives it the 5.26% house edge.

After choosing a wheel at a live casino, pick a single number out of the 37 (European) or 38 (American) numbers. The grand aim is to predict where the ball will land. It’s that easy!

Bitcoin roulette payouts

Learning how payouts work is critical to your success on a roulette wheel. Players must learn to calculate how much profit a bet can bring in and their chances of winning.

Below are the two main types of roulette bets:

Inside bets

Your first Bitcoin roulette bet should be to predict where the ball lands. This is usually called a single number bet and has a payout ratio of 35:1. In addition, your chances of winning this bet are 2.7% (European) and 2.63% (American).

Alternatively, players can place a split wager. This wager predicts the outcome of two numbers from the possible 37. This bet gives a payout ratio of 17:1 with a win percentage chance of 5.41% (European) and 5.26% (American).

Outside bets

The outside roulette bets allow players to win much more than inside bets. The most popular outside bet is Red or Black, where players choose whether the ball will land on a black or red pocket. The payout ratio is 1:1.

Another popular outside bet is Odd or Even. As the name hints, players simply predict if the ball will land on an odd or even number. Again, the payout ratio is 1:1.

And of course, betting on Low or High numbers is also allowed. In this straightforward wager, players simply predict whether the ball will land on 19 to 36 (high) or 1 to 18 (low).

Why choose the European wheel?

Playing on the European or French wheel is a no-brainer whether you’re playing with standard currencies or digital coins. That’s because of the low house edge. The European roulette offers a 2.7% payout ratio compared to the 5.26% on the American wheel. And if you’re lucky to find the French wheel at a live casino, the payout percentage drops to a mere 1.35%.

So, how does this affect your gameplay? Take this example; you’re playing on the European wheel with a 2.7% house edge. Then, you play 80 bets per hour, with each bet costing 0.001BTC. Now this means your expected loss per hour is 2.7%x80x0.001BTC (0.00216BTC) or $122, going by the current BTC rate. It’s evident that the rate increases when playing on the American wheel and reduces with the French wheel.

Best gambling quote: “Gambling is not about how well you play the games, it’s really about how well you handle your money.”

Favorite Casino Game: Blackjack

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