{"id":4947,"date":"2025-01-18T09:00:40","date_gmt":"2025-01-18T09:00:40","guid":{"rendered":"https:\/\/digitalcoinprice.com\/blog\/?p=4947"},"modified":"2025-02-19T16:45:21","modified_gmt":"2025-02-19T16:45:21","slug":"crypto-casino-myths-what-works","status":"publish","type":"post","link":"https:\/\/digitalcoinprice.com\/blog\/crypto-casino-myths-what-works","title":{"rendered":"Crypto casino myths &#8211; what works (and what doesn\u2019t)"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_73 counter-flat ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Content<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #223c50;color:#223c50\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #223c50;color:#223c50\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/digitalcoinprice.com\/blog\/crypto-casino-myths-what-works\/#Myth_1_%E2%80%93_Provably_fair_means_guaranteed_wins\" title=\"Myth #1 \u2013 Provably fair means guaranteed wins\">Myth #1 \u2013 Provably fair means guaranteed wins<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/digitalcoinprice.com\/blog\/crypto-casino-myths-what-works\/#Myth_2_%E2%80%93_Higher_volatility_means_better_payouts\" title=\"Myth #2 \u2013 Higher volatility means better payouts\">Myth #2 \u2013 Higher volatility means better payouts<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/digitalcoinprice.com\/blog\/crypto-casino-myths-what-works\/#Myth_3_You_should_keep_chasing_a_win_thats_due\" title=\"Myth #3: You should keep chasing a win that\u2019s due\">Myth #3: You should keep chasing a win that\u2019s due<\/a><\/li><\/ul><\/nav><\/div>\n<p><span style=\"font-weight: 400;\">We\u2019re living in the world of crypto, and with that comes newer forms of entertainment and new ways to spend. We grew up in the era of cryptocurrency being solely used in the financial sector, but it\u2019s pretty evident that this global currency is now widely adopted everywhere, and there are many, <\/span><a href=\"https:\/\/digitalcoinprice.com\/forecast\"><span style=\"font-weight: 400;\">many coins available<\/span><\/a><span style=\"font-weight: 400;\">! And one phenomenon that is taking over the entertainment scene is cryptocurrency casinos.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you\u2019re an OG casino goer, but are new to the world of crypto casinos, there isn\u2019t much difference other than the fact that there are different payouts and you\u2019ll be using a different currency. It\u2019s always <\/span><a href=\"https:\/\/www.forbes.com\/digital-assets\/crypto-prices\/?sh=6e7477802478\" rel=\"nofollow noopener\" target=\"_blank\"><span style=\"font-weight: 400;\">worth checking out price caps<\/span><\/a><span style=\"font-weight: 400;\"> and things before you jump in\u2026 but let\u2019s look at the myths that tend to surround this area.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you have ever spun a slot machine online or placed a bet, then you\u2019ll be well-versed in the many questionable statements that are thrown around the web. Some may promise that \u201chot\u201d slots are seconds away from paying out huge wins, while others are saying that <\/span><a href=\"https:\/\/www.gammastack.com\/the-technology-behind-provably-fair-gambling-an-easy-explanation\/\" rel=\"nofollow noopener\" target=\"_blank\"><span style=\"font-weight: 400;\">provably fair games<\/span><\/a><span style=\"font-weight: 400;\"> are guaranteed wins \u2013 spoiler alert, do not always listen to them.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Yes, there are certain tactics that you can pick up along the way to secure more chances at winning, but there definitely aren&#8217;t any tells that will see you through to guaranteed success. If there was, then where would all the fun be?<\/span><\/p>\n<p><span style=\"font-weight: 400;\">There are tons of myths about crypto casinos, and listening to the wrong ones can damage your overall strategy &#8211; so let\u2019s cut down all the noise, and see what\u2019s actually true and what\u2019s just hopeful thinking. Ready to spend your crypto wisely? Read on.\u00a0<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Myth_1_%E2%80%93_Provably_fair_means_guaranteed_wins\"><\/span>Myth #1 \u2013 Provably fair means guaranteed wins<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Let\u2019s start with the biggest one we\u2019ve heard thrown about in the recent times. We do agree that provably fair games mean guaranteed transparency, but that does not mean guaranteed win.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Let\u2019s discuss.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Provably fair technology lets you verify your game results and double-check that they were not tampered with. For instance, if you were <\/span><a href=\"https:\/\/ignitioncasino.net\/au\/crypto\/bitcoin-pokies\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">playing on the <\/span><span style=\"font-weight: 400;\">crypto slots<\/span><\/a><span style=\"font-weight: 400;\"> or blackjack tables<\/span><span style=\"font-weight: 400;\">, then there are ways for newer casinos to track every move in the backend of the servers. They use cryptographic hashing to guarantee fairness, so neither the casino nor the player can alter the result. When you\u2019re spinning on crypto slots, therefore, you know that nothing is affecting the odds, and you can guarantee that &#8211; a nice feeling, for sure!<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, fair does not mean favorable: let\u2019s get that straight. RNGs will still rule the overall game, meaning that every spin, roll, or card is based on pure luck.\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">\ud83d\udd0d <\/span><b>The truth:<\/b><span style=\"font-weight: 400;\"> Provably fair games are just there to give you as the player peace of mind. Not to guarantee that you will win.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Myth_2_%E2%80%93_Higher_volatility_means_better_payouts\"><\/span>Myth #2 \u2013 Higher volatility means better payouts<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Potentially.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you\u2019re a player who runs after the high volatility slots, then you may be convinced that you\u2019re more likely to get bigger payouts. This is partially true, as these games can offer bigger wins, but they also provide long dry spells.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Volatility is known as variance, and it refers to how often a game pays out and how large those wins may be.\u00a0<\/span><\/p>\n<p><b>High volatility slots = rare but big payouts.\u00a0<\/b><\/p>\n<p><b>Low volatility slots = frequent but smaller wins.<\/b><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Neither of these two outcomes is better than the other; it all whittles down to your individual bankroll, and whether you play the long game or the short one.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you are a player who is in it for the long run and can hold on to get the results, then yes, high volatility may be for you. But if you\u2019re a gamer who needs action now and cannot wait, low volatility is the option you should go for.\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">\ud83d\udd0d <\/span><b>The truth:<\/b><span style=\"font-weight: 400;\"> High volatility doesn\u2019t mean better; it just means bigger risks coupled with chances for larger rewards. You have to think about what your end goal is and if it\u2019s worth hanging on for the long haul.\u00a0<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Myth_3_You_should_keep_chasing_a_win_thats_due\"><\/span>Myth #3: You should keep chasing a win that\u2019s due<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">First, no win is \u201cdue\u201d to any player \u2013 it\u2019s all based on luck.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The idea that you should chase a win is based on a classic gambler\u2019s fallacy, as some gamers think that if a specific machine hasn\u2019t paid out in a while, then it\u2019s due a win.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This could be somewhat true in the older days if you look at the physical slot machines, but we now live in a world of technological advances. Today, machines online are all using RNGs, and every single spin that you take is completely independent of one another.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Games such as slots, roulette, and many other RNG-based games do not have a memory, so don\u2019t know what their last output was. Even if a jackpot hasn\u2019t happened in a few hours, it doesn&#8217;t mean that it will pay out soon. It\u2019s always a fresh start, with a fresh spin.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">On the plus side, this is highly rewarding and exciting. Even if you have just won big on the online slots, there\u2019s a chance that it can still keep happening. And that\u2019s exactly where the joy of chasing the win truly comes alive.\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">\ud83d\udd0d <\/span><b>The truth:<\/b><span style=\"font-weight: 400;\"> In summary, there is no such thing as a win that is deserved or \u201cdue.\u201d No game owes its player anything, and it doesn\u2019t matter how long you have been playing.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">See? It really isn&#8217;t that deep and myths are myths for a reason. The world of the casino is fun solely because you don\u2019t know what\u2019s next! Here\u2019s to continually chasing the wins and ignoring the myths for the foreseeable future.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>We\u2019re living in the world of crypto, and with that comes newer forms of entertainment and new ways to spend. We grew up in the era of cryptocurrency being solely used in the financial sector, but it\u2019s pretty evident that this global currency is now widely adopted everywhere, and there are many, many coins available! [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4328,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-4947","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-guide"],"_links":{"self":[{"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/posts\/4947","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/comments?post=4947"}],"version-history":[{"count":2,"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/posts\/4947\/revisions"}],"predecessor-version":[{"id":4949,"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/posts\/4947\/revisions\/4949"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/media\/4328"}],"wp:attachment":[{"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/media?parent=4947"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/categories?post=4947"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/tags?post=4947"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}