One thing crypto casinos know is that players prefer easy-to-understand games. Complexity is a surefire way to turn users off, so platforms focus on providing options such as crypto dice. It is a simple variation of a classic, yet its basic nature is highly appealing.
This article looks into cryptocurrency dice, outlining how to play, your chances of winning, and possible ways to improve your success rate.
How to Play Crypto Dice
One could argue that cryptocurrency dice is loosely based on classic casino games such as craps. However, in reality, the crypto version bears little resemblance.
While standard dice have six sides numbered 1 to 6, the digital version technically has 100 sides. Yet, rather than having a 100-sided die, crypto dice involves moving a slide across a screen, giving you the chance to select a number from 1 to 100.
Before the game begins, you must choose how much of your chosen cryptocurrency you’re willing to risk. Most crypto dice sites allow you to bet with Bitcoin, though others permit Ethereum and Litecoin.
Next, slide the digital die along the straight line to select a number from 0 to 100. Some sites allow you to choose digital numbers but may only permit you to select from 0.01 to 98.01. Alternatively, type the number or desired payout in the requisite boxes.
You can see the potential payout if you win. For instance, if you choose 70, you might find that the casino offers a 1.41x payout. Therefore, a $10 bet returns $14.10 or $4.10 profit if you’re successful.
Once you’ve selected the number and pressed the ‘Roll Dice’ button, you’ll see a figure appear on the screen. You only win if the number is lower than your selection on certain cryptocurrency dice sites. Therefore, if you pick 55 and get 58, you lose.
However, some crypto casinos go the other way, so you only win when the number is higher than your selection. Make sure you know which option the casino offers before proceeding.
*Calculations in this article are based on the form of crypto dice where you need to roll a lower number than your choice to win.
Cryptocurrency Dice: Your Chances of Winning
It all depends on the house edge enjoyed by the crypto dice casino. The game has a return-to-player (RTP) percentage ranging from 95.5% to 99%, depending on the casino. This equates to an advantage of 1% to 4.5%.
If you can’t see the game’s RTP, you can determine the house edge as follows.
· Type 50% into the win chance box
· Take note of the payout; suppose it is 1.98x
· Divide 1.98 into 100 (100 / 1.98) = 50.50
· Subtract 50.50 from 100 (100 – 50.5) = 49.5
· Subtract 49.5 from 50.5 (50.5 – 49.5) = 1
The house edge, in this case, is 1% meaning the game has an RTP of 99%. If the payout is 1.95x, it means an edge of 1.56% for the casino, and so on.
The crypto dice game clearly outlines your chances of winning and your possible payout. If you’re hoping the die rolls below 25, you have a 25% chance of success with a payout of 3.96 times your stake on games with a 99% RTP.
If you select 0.01, you have a 0.01% chance of success, albeit with a payout of 9990x! On the other end of the scale, choosing 98.01 gives you a 98.01% chance of winning but a miserly payout of 1.010101x if the game’s RTP is 99%.
How Can I Increase the Possibility of Success on a Crypto Dice Casino?
First and foremost, crypto dice is a game of chance, so there is no surefire-winning strategy. However, you can increase your chances of success by finding games with an RTP of 99%. From there, it is a better tactic, from a mathematical standpoint, to limit losing streaks by sticking with bets that have a high probability of winning.
Did you know that in any 1,000-bet sequence, you can expect a losing streak of at least 10 when wagering solely on bets with a 50% chance of winning? That streak of consecutive losses increases to 31 when making wagers on events with a 20% chance of winning and 66+ when betting on outcomes with a 10% chance of success.
On the other end of the scale, you could win 31+ times in a row when backing events with an 80% chance of success and 66+ times when the hit rate is 90%!
Never succumb to the gambler’s fallacy when betting on a crypto dice site. The outcome of each roll of the die is independent of the previous one. You are NOT more likely to win or lose if you are on a winning or losing streak.
Finally, play cryptocurrency dice for fun, not as a way to make money, and never bet more than you can reasonably afford to lose.