Why Every Online Casino Should Adopt Provably Fair Gambling

A typical carnival game that would likely not be considered fair for customers.

Every online casino known to man should adopt the philosophy of provably fair gaming. The phrase itself probably makes logical sense to most gamblers. After all, apart from a casino having a house edge (which most people understand is a part of wagering on gambling sites), shouldn’t we all be able to assume that everything is regulated and fair? That every player has an equal chance to win? And that over the long term, the odds always even out (house edge aside)?

The reality is the need to be treated fairly is programmed in our DNA as humans. It’s the reason why many of us gamblers (and even those that don’t gamble) love sports. Not only do we love sports, we revere those who become champions. But only if they play within the rules. Win by playing outside of the rules and everybody loses respect for the players.

Even before Bitcoin or blockchain technology existed, most players logging on to a properly regulated gambling site and even those walking into a brick-and-mortar casino expect to be treated with a certain amount of fairness. Most astute gamblers know that even though a roulette wheel provides the worst odds of any table game at a casino, one should still expect to win a certain percentage of the time. Still, the average gambler never gets to see the powers that be who make all the rules and set all the odds. They never get to hold the Wizard of Oz behind the curtain accountable for the way the deck and shuffled, or the way the slot machine spins.

Provably fair gaming on Bitcoin websites that use blockchain technology is a way to take the wizard from behind the curtain and show players that they’re being treated fairly.

What is Provably Fair Gambling?

The concept of provably fair gambling really refers to an algorithm that randomize is the outcomes that take place in any given casino or table game. The algorithm can be verified and analyzed for fairness on the part of the gambling operator. This means at any given time, players or independent auditors can take a look at every spin of a roulette wheel and see that the number of times the ball landed on black versus red is truly randomized by the algorithm. They can see that every shuffle of a deck is fair too. It basically removes the likelihood that anybody working for the casino could manipulate anything virtually.

How the Blockchain Factors In

Bitcoin casinos that really believe in the technology naturally use the blockchain to store data from their provably fair gaming algorithms. This way if players were to ever ask to look at outcomes, they could do so very easily. To be fair, traditional operators like Bodog don’t necessarily go out of their way to say their provably fair. They are expected to be fair because of their branding and because they operate alongside the approval of traditional governments (albeit governments located on offshore islands, but still, governments nonetheless).

Remember that many in the Bitcoin community want to be free of government, so players on a Bitcoin-specific gambling site such as crypto-games.net are more likely to trust an algorithm and the data being stored on the blockchain than they are individuals or a government.

That’s why these provably fair websites list the outcome of every spin of the wheel right underneath the gaming area itself. They typically show you the username of the individual, the wager they placed, how much they won or lost, and what the winning number of a roulette wheel spin is for example. This makes it crystal clear to everyone who the winners and losers are and over the long term, many spins will show what the house edge is and all the math works out. That’s what provably fair gaming is supposed to be all about.

How to Spot a Provably Fair Gambling Site

Before venturing off to find the fairest gambling sites in all of crypto land, keep in mind there’s an easy way to find them. Number one, Google provably fair gaming. Number two, search individual gambling sites for their provably fair gaming policy.

Those policies will explain exactly how they collect data, how they ensure randomized outcomes, and how users can view the data to verify fairness for themselves. Each website may have unique nuances in its own approach, but the goal is the same. To ensure that all players are being treated fairly and that everyone has an equal chance to win.

Jack Choros byline

Jack Choros

Jack first invested in Bitcoin in 2016 and continues to gamble with it to this day. He loves the Toronto Raptors as much as he loves cryptocurrency. Jack’s work has appeared on ESPN Radio, Yahoo Sports, OddShark.com and many cryptocurrency related publications, namely BTCGG.com.

More from author
Cryptocurrency Prices by Coinlib