Edgeless Blockchain Casinos
Not many people know of the existence of edgeless casinos, however, sooner rather than later, such casinos will start popping everywhere. In short, in edgeless casinos, there are no house edges, an aspect that brings down the level of risk exposed to punters. Blockchain technology is the platform that powers these casinos, through its well-written gaming software. Smart Contracts are set up between the casino and players through a cryptographic code which promotes the following benefits…
What’s The Purpose of Edgeless Casinos?
For most gamblers, they fail to realize that the casinos’ primary purpose is to generate profits for the operators. Traditional casinos create the advantage by setting crazy house edges tilted in their favor.
Thankfully, in edgeless casinos, this is eradicated, thus allowing gamers to take with them a handsome amount after winning. So you would ask, what are the benefits of setting up an edgeless casino, below we go through the things that both the investors and owners will achieve playing in an edgeless casino.
It’s only in games of chance that the house edge in edgeless casinos is eliminated. However, in certain skill games such as blackjack, the operator sets up a 0.83% house edge that guarantees these casinos generate long term profits.
Current world events such as America under Trump, Brexit, and US-Iran tensions continue to contribute to the volatility in the global financial markets. Fiat currencies keep falling due to such pressures. For gambling platforms with operations in different jurisdictions, the volatility within the financial markets mostly impacts profits.
Bitcoin, alongside other cryptocurrencies, makes it easier for companies to trade through a single currency that doesn’t follow domestic and international currency volatility. Online gambling entities that result in crypto gambling will not suffer from such volatility, instead, they become more significant with punters flocking their platforms.
The casino world has been transformed for the better by the blockchain and this will provide players with an equal chance to win, instead of a guaranteed loss over time due to the house edge. It remains to be seen if edgeless casinos can take on traditional platforms but by providing gamblers with better odds, it should ensure that they dominate in the years to come.