How Blockchain Ecosystems May Change the Face of Online Gambling

[Goodcat49]

Gambling has always been a very profitable venture, provided you are the casino owner, not the gambler. Numerous problems found in traditional gambling businesses vary from causing addiction to trespassing the fine line delimiting grey area from crime. However, with the advent of the internet things have changed.

A regular brick-and-mortar casino cannot risk meddling with the games directly. The stories of magnets placed under roulette table are the fables of distant past: nowadays possible repercussions from being caught cheating massively outweigh the potential benefits for a casino. Instead, big casinos rely on so-called house edge, which basically means that in the long run it’s way more likely for a casino to have more wins than the gambler. In order to keep the gambler involved for a longer while, casinos may even go as far as to offer them free drinks that lower the responsibility threshold.

An online casino can’t make the player drink unless they send everyone a complimentary box of vodka. Unlike regular casinos, online gambling houses have a wider range of cheating options with substantially lower risks of being caught.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/blockchain-online-gambling/

[CrypActiv]

Users of online gambling powered by blockchain will appreciate it, because in this case there is no central control and no manipulations, because the whole game is controlled by the smart contract.