Explaining Vital Details For Grand Rush Casino

Explaining Vital Details For Grand Rush Casino

Blog Article

This is What Happens in an Online Casino and this is why the Industry Needs Blockchain

Gambling can be traced back to the earliest stages of human civilization, but casinos have only been around since 1638. Is it really necessary to have a casino for us to play against the odds? Which, by the way, are stacked in the casino�s favor through the built-in advantage called the �house edge�. All casinos have this biased slant, so is there any way for us to have a truly fair gaming experience?

Grand Rush Casino Review

For a very long period of time, people just gambled with one another and there was no �house� to win the majority of the games. Over time, though, gambling inevitably evolved and left us with three different categories based on who�s sitting at the table:

  • Gambling against friends, family, and strangers.

  • Gambling in a casino against the house.

  • The newest version of gambling being a combination of the two: gambing against strangers while being regulated by a blockchain.

Casinos are only a blip in the entire history of gambling, so is it possible for us to return to a time where the player, not the business, always wins?

Online Casinos Join the Game

In order to understand how the future of online gambling can change, we need to first understand how current online gambling works. In that regard, let�s quickly break down the key principles of an online casino and how they differ from a physical establishment.

Deposit money

At a brick-and-mortar casino, you�d have to exchange fiat money for physical chips, whereas at an online casino you have to deposit money. The casino will hold onto your money until you either lose it or you are done gambling. There are often huge incentive bonuses to deposit more money (more money = higher bonus), and deposits are typically not easily reversible (like they would be at a physical casino).

Place a bet

This is the main way that online casinos differ from their physical counterparts. In the real world, the odds are generated and designed into the game, and the randomness factor is automatic. Imagine spinning a roulette wheel, dealing shuffled cards, etc. These all have randomness built into these actions automatically.

There still needs to be a random factor for online casinos to ensure fairness, which is why they rely on what is called a pseudo random number generator (PRNG). The PRNG uses an algorithm to generate a long stream of numbers that seem random but isn�t truly such, since computers are incapable of generating true random numbers without external input.

These PRNG�s are used to determine the result of the game (where the roulette stops, what cards are dealt, where the slots end up, etc.), and the players have to trust that the PRNG was fair.

Since players cannot see a history of the resulting randomly generated numbers, they have to rely on an external regulator to verify that the casino is playing fairly. More importantly, the odds aren�t provable.

Online casinos don�t have to prove the results of any specific gamble to their customers, instead they use a regulatory body (of which there are 15+) to check their software for fair and honest programming. To give you an idea of how well that works out, Casino.org keeps an extensive running list of online casinos that have been found to be fraudulent in one way or another.

Unfortunately, regulators sometimes don�t close these casinos down on time, or at all, leaving websites like wizardofodds.com to pick up the slack by listing the untrustworthy options.

Can we take the House out of the Casino?

The blockchain is definitely well known for its many applications in attempts to revolutionize various industries, so it was only a matter of time before blockchain companies aimed their sights at the 50+ billion dollar industry. Many online casinos started using the blockchain to either process their payments or, in some cases, run smart contracts to lock bets during events and games. It wasn�t until companies like YOUnited, Edgeless, and Funfair came around that they really started to fully harness the power of the blockchain in online gambling.

To understand how exactly the blockchain can help, let�s look at some specific parts of online gambling where the players could benefit from more transparency and immutability.

House Edge

The fact that �the house always wins� is a common English phrase is a prime example of how prevalent losing at casinos actually is. And online casinos are no different; they still rely on precisely calculated RTP (return-to-player) formulas to ensure they make money. Remember, casinos are still a business with lots of taxes to pay. The house edge, which is added to the odds of the house winning, can vary between 3�15% at a typical online casino. This means that instead of you and the house each having a 50/50 chance of winning, you might have a 35% while the house as a 65%.. Blockchain casinos like Edgeless and Funfair have done a decent job reducing this house edge since they have lower overall costs. But what if we could remove the house all together?

The idea of returning to a gambling style where it is simply player vs. player and a player always wins is definitely exciting. It is also the driving factor behind YOUnited, a house-less blockchain casino. A house-less casino means that a player always wins, and instead of stacking the odds in its favor, YOUnited splits the winnings among players.

We�ve already seen this working in the sports and event-betting sphere, where Bitbook.ag is allowing individuals to create bets on blockchain against other players, and a player always wins while Bitbook only takes a small cut for their service.

Better Betting Odds

The odds are, of course, one of the most important aspects when it comes to gambling. After all, you probably wouldn�t take on a bet that you had a 99% chance of losing, right? With that in mind, why do customers of traditional online casinos continually return to a place where the odds are never in their favor?

True blockchain casinos keep an immutable record of every bet, every roulette spin, and every randomly generated number that players can look back through to verify there is nothing suspicious going on. Think of it like this, would you rather take your car to a mechanic that is �certified� by a random company, or would you rather take your car to a mechanic who has video recordings of every repair they have ever done? After all, a mechanic who is willing to show video recordings of their repairs to anyone who asks probably has nothing to hide.

In the same way it helps prove the odds, the blockchain is being used to verify the winnings of gamblers and ensure they are being paid out accordingly. Since everything is being written onto the chain there can be no mistakes, and companies can�t claim you won $100 when you really won $200.

Payouts, Penalties, and Prices

This pro-player system is of course innovative and fair, but businesses still need to make money to survive. So how do they do this?

With blockchain-based casinos, such as BitBook and Funfair, where there is still a house that has a higher chance of winning, the answer is obvious: the RTP (return-to-player) rate at these casinos is still favorable for the house, meaning that they will make anywhere between 1�5% of all the money spent and won on the platform.

YOUnited doesn�t have a house to make money for it, so it instead relies on making slightly less money per customer with the hopes of having more customers. Overall, their main source of income comes from the blockchain fees?�?these are 0,1% transfer fee, and 1% smart contract execution fee applied to the post-game winnings.

The fee is paid in UNTD coins, their native currency that�s powering their platform and the underlying custom blockchain. YOUnited team will offer an exchange and wallet for customers to buy, sell, and store this currency for convenience. There are multiple ways to get these coins, of course, and customers interested in eventually gambling on YOUnited can get bonus UNTD coins through an airdrop regardless they participate in their ICO or not.

Gambling needs Blockchain. Period.

When the first casinos were built in 1638 they removed the need for people to trust other people while gambling, and they instead had to trust the house (and that trust cost them a lot of money). Today, the blockchain has given us a way to remove the house from the equation all together, since this technology can ensure no one cheats.

No matter which way blockchain companies choose to approach online gambling, the bottom line is that the blockchain brings a certain degree of trustless trust that the industry desperately needs. Sure, it�s neat that on YOUnited you can gamble directly against other people, but even if you are losing to the house on Edgeless at least you know you aren�t being cheated out of your money. Losing feels bad, but it�s 10 times worse if you lose because you were cheated.


This article listed below involving Grand Rush Casino No Deposit Bonus Code is truly enlightening. Don't skip it.

No Down payment Casinos is fantastic, however occasionally they're not free. Despite the fact that there is a very little charge for subscribing, the internet site where you join does use a totally free spin with the ability to look for a genuine money account. If the person calling you do not know what a down payment is and also asks you if you are inquiring about one, after that your been spoken to by a fraudulent firm.

There are many on-line casinos who promote free rotates without deposit as a free trial. There are no signs saying it is "totally free" and nobody has to pay till after you are subscribed. The policies are all defined so everybody gets on the same page.

When there are no totally free rotates whatsoever, then you can obtain your cash back from the gambling establishment and also obtain your cash back quickly. One typical method to get your refund is to bet a week, and get your cash back. In some cases there are subscribe that mention if you play a particular amount you will obtain the money back as well as other times there is no sign up called for. Every one of this depends upon the company.

Most of the sites that use free spins have different regulations. The policies vary, and it's not needed to do any job to join. Some websites also offer cost-free spins if you acquire the ticket. If you see words "FREE SWING" on the website, you ought to go in other places.

Registering to obtain a totally free spin can be difficult for the unaware. Most of the sites that offer the rotates are large with great deals of rules as well as regulations that require to be reviewed. If you do not read the join policy very carefully, after that you will certainly obtain screwed in a hurry.

As soon as you are on the site, after that you have to review all of the indications. You need to know the regulations as well as know with the game prior to the spinning takes place. The main thing is navigate to this site to recognize the rules to play before the video game begins.

When you find a register, after that you need to check out the join and see if there is anything you don't recognize. If there is anything you do not comprehend, after that call the number and also ask concerns. Most of the moment, the person responding to the phone is an No Deposit Hero expert as well as they can address your inquiries regarding the subscribe.

Once you know every little thing there is to learn about the web site, then start to play. When you begin playing, then you can start to feel the exhilaration of dipping into a casino. You are in a completely accredited gambling enterprise as well as are playing for real cash. You are actually winning actual money!

It is important to start gradually in the beginning. Start off with a "spin" only and do not play excessive money as soon as possible. This is a discovering experience and also you will certainly get the policies as you accompany.

When you initially sign up with, you are generally provided the option to enroll in a complimentary test. Normally you are allowed to bet a specific quantity of time before you start obtaining charged. This will provide you time to play and find out the rules before you are charged.

When you initially sign up for a cost-free spin, you will generally obtain an opportunity to attempt it out for a week. This gives you time to be familiar with the rules as well as to get to know the software program. Some check web sites require you to sign up before you can start the free spin. If you are a brand-new gamer, then you could wish to utilize the complimentary spin to start finding out the game before you sign up for a real cash account.

After you discover the regulations of the video game, after that you can register for a real cash account. There are some sites that supply a possibility to win actual cash if you come to be a member.

Hopefully you liked our post on Grand Rush Casino Bonus Code. Many thanks for spending some time to read our post. Do you know about another individual who is excited by the subject? Please feel free to share it. Many thanks for going through it.

Report this page