One of the major advantages for Bitcoin as a currency for gambling is its low cost. Operating a Bitcoin casino is considerably cheaper than operating a traditional gambling site. In the traditional world, payment processing is time consuming and expensive. The lower costs of Bitcoin have allowed casinos to pass on the saving to their players. The result is – on average – a much lower house edge for Bitcoin casinos. Some casinos will offer a house edge of under 1%, which is wildly more profitable for players than the 4% or 5% edges offered on some traditional games. This page will help explain what house edge is, and how it can be minimized in certain games like BlackJack. It will also feature a list of the best Bitcoin casinos offering the lowest house edge to their players.
What is “house edge”?
Running a Bitcoin casino is a profitable business model. The profit that a casino makes is entirely determined by the house edge that they set; this is the return on investment (ROI) that the casino will make from each of your bets. For example, a house edge of 5% would mean that for every 100mBTC you wager, the casino would expect to win 5mBTC. The higher the house edge, the less likely you are to win and the quicker you may go broke. To maximize your chances of beating the house, it is best to select Bitcoin casinos with the lowest house edge.
Maximizing ROI at a Bitcoin casino
The house edge is a key factor when trying to beat the casino. However there are other routes to maximize your ROI when playing at a Bitcoin casino. These include:
A deposit bonus is capable of boosting your bankroll by 100% or more. The Bitcoin bonuses that can be found here are some of the biggest in the industry and essentially provide “cashback” on each bet, helping you to mitigate your risk against the Bitcoin casino’s house edge.
Playing Optimal Strategies
Many games out there are limited purely to luck. For example, these Bitcoin dice games generate their payouts based on simple mathematics, and do not allow the player any flexibility in improving their odds. These games work well, but the house edge is in full control and cannot be improved. However, for a game like BlackJack, there are optimal strategies that can be adopted. These strategies change based on what cards are already on the table, and what cards the dealer holds. An optimal BlackJack strategy can reduce the house edge to as low as 0.5% – making it a very popular Bitcoin casino game. Find more information on Bitcoin blackjack here.
List of Bitcoin Casinos with low house edge
The following list of casinos all have a house edge of 1% or lower on at least one of their Bitcoin games. We have listed them in rating order – from best to worst. Each of these Bitcoin casinos also feature a review written by one of our impartial editors and you can click through to read more.