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Kc  · 09/01/22

The rise of online entertainment: Crypto dice games in 2022

06/27/23 · Reports · This is not a financial advice
Altcoin Trading Blog

Note: This report was written in 2022 and remains published for reference purposes.

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Throwing crypto at all sorts of games and entertainment is becoming more popular by the day.

There are game sections at all sorts of DeFi platforms and exchanges like Phemex and CEX gamify crypto airdrops, but OG dice games are still prevalent in this market.

Why are dice games so successful

Like the best crypto & Bitcoin slot sites, platforms that host dice games are such a hit in the entertainment business because of how easy they make it for people to start playing.

The rules are straightforward too. While the details vary from site to site, the underlying game is pretty much always the same. Your job is to predict the random outcome of a dice roll, and wager whatever amount of cryptocurrency you feel comfortable putting at risk.

The fact that you can use crypto is one of the important simplifications. Bitcoin is the preferred asset in the entertainment industry but there have been altcoin dice games ever since Ethereum got known enough. So, you just choose the fastest transacting coin that is available, make a deposit and play within a few minutes.

Who’s doing this?

There are a couple of established casino operators that provide dice games available to crypto holders.

Two of the top contenders are Bitstarz and mBit Casino, both of which have been around for almost a decade and so can be trusted to deliver a fair, consistent experience for all players.

There are also newer brands such as Bspin and Betplay which have gained attention for providing a plethora of casino games, not just dice. The variety is what brings them a lot of traffic as some people get bored of dice quickly.

For those players there are slots, roulette, blackjack and other games always ready right on the same platform that they are already used to.

What keeps people interested?

In the most basic form of a dice game, you only need to guess whether the dice will land on a number that's higher or lower than a given range.

The more specific and targeted your bet, the greater the potential payout, which is of course contrasted against the longer odds of this actually happening.

To some this is just adding complexity to a good entertainment, but other players enjoy figuring out how to work with the modifications.

And then there are the bonuses. Just like low-cap crypto exchanges incentivise engagement, crypto gambling operators that run dice games incentivise sign-ups with attractive bonuses for new players.

A popular example would be the so-called “deposit matching”, a bonus that gets your first deposit doubled on your account.

Dice bonuses usually run on the same terms as other casino bonuses: Users have to play with that money for a while before they are allowed to withdraw. This is of course great for user retention.

Last point is related to the technology that powers crypto entertainment, especially if it runs on a decentralized app. Some gaming dApps were built with transparency in mind, exposing parts of their inner workings to the outer world.

This minimizes the chances of manipulation taking place and gives players a sense of confidence that fairness is part of the gambling process. This is part of the ethos of the whole crypto movement.

Some even say that the house edge in crypto-powered entertainment platforms is lower than at traditional ones. The rumour has it that crypto casinos can afford to do this because they don't have the same costs as traditional sites with old school deposit options.

The importance of playing dice games responsibly

I will leave you with a word on responsible playing. If you do decide to go ahead and sign up to a crypto casino to play dice games using Bitcoin or any other token, be aware that you are putting your money at risk.

Dice is a game of chance and the probability of your losing is high. Those who have carefully accumulated crypto assets over months and years shouldn't risk it all on the roll of a dice.

However, if you gamble responsibly and only bet amounts that you can cope with losing, it can be a fun time no matter your level of experience.

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