Provably Fair Gambling – Authentic And Capable

What is Provably Fair Gambling?

Any player who goes to the casino, whether it’s land-based or on the internet, will always have at the back of his mind a concern about how secure and fair is the casino he’s chosen to play at. The idea that casinos program the games against the players is as old as the hills, though there’s absolutely never been any truth to it, in the sense that casinos need to cheat their customers. That’s because casino already has a built-in advantage known as the “house edge” whereby they make money whatever happens with regard to the customer’s results.

At the end of the day, all players who are looking to win the jackpot online or offline have no other choice than to place their trust in the casino and assume that all the games are fair and that the player has a fair chance of securing some winnings. Because the idea that casinos will cheat their players refuses to die, it’s not surprising that thanks to new technology, the blockchain is being used to help keep casino actions transparent. 

Thank Crypto For Provably Fair Gambling

The very idea that playing a casino game might be less than honest has been removed thanks to “provably fair gaming.” This relies on blockchain and cryptocurrency technology and records how many times you visited the casino, as well as every single aspect of your gameplay. Essentially, you’re going to be placing your trust that the casino and its games are fair. And it’s thanks to provably fair gaming that you can now rest a little easier. You can thank the Bitcoin and blockchain community who came up with the process of using the blockchain so that players can check the fairness of games and their outcomes.

This process is called provably fair gambling, and it allows players to see every single roll of a dice and every turn of a card. It will show that none of these actions has been tampered with in real-time. For a casino to offer provably fair gambling, it’ll need to be able to take bitcoin or other cryptocurrencies. That’s why we go to King Billy Casino. They not only accept bitcoin, but also ethereum, bitcoin cash and many other cryptocurrencies and they offer provably fair gambling as a standard feature.

What is Provably Fair Gambling?

Without diving into this too technical, we can say that it’s simply a process whereby the player is able to verify any outcome for any casino game that’s been played, and thereby check as to whether the results were fair. It does this by making use of the following technology:

Provably Fair Gambling: Random Number Generators

This is a computerized program that’s capable of generating millions of numbers each second and they are all completely random. In other words, there are no patterns to the order in which they appear. You’ll find the RNG is actually behind nearly all online and many offline casino jackpot games. Though there is an assumption that the company’s programming is honest and upstanding, there have been instances in the past when it was discovered the software was less than honest. The casinos using these biased programs were able to actually trick the players out of their cash.

To that end, all casinos, whether online and off, are obliged to use third-party auditing companies who make random tests and are looking for any unusual activity. We should point out that for most casinos this is part of their licensing agreement and should they fail with this order, there’s a very good possibility they could face either a very high fine or lose their licence completely and therefore the ability to trade completely. It could well be argued that if it wasn’t for these stringent penalties, then casinos would happily rip off their customers. 

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Provably Fair Gambling: Seed Generators

The outcome of any casino game is decided by the use of an algorithm. It’s the seed generator’s job to create the numbers that go into the algorithms. When you’re playing at a provably fair casino, then you’ll find that the players are able to create this seed number for themselves which helps ensure that the casino cannot control any of the outcomes.

Hashing With Provably Fair Gambling

This is essentially a string of data that are inputted into another string, and then it helps that data, but it’s changed into a string of random numbers and letters. Essentially, when a set number gets hashed it just means that it’s been encrypted and therefore cannot be tampered with in any way.

How does Provably Fair Gambling Work in Online Casinos?

Now we know what the processes are, let’s see how we can combine them over a game of online blackjack:

1. The player heads to his favourite online casino and chooses blackjack.
2. The player is provided with a hash number.
3. The player then generates a seat number which they can do manually using the RNG. this then goes back into the casino via the algorithm.
4. The seed number will start to change the game in a manner that neither the player nor the casino can know.
5. The cards are dealt and the players play the game of blackjack.
6. Once the game is done the player is able to look at the original deck and compare it to that after the seed has been sent, proving the hand was honest and fair.

Recording provably fair gaming processes, the player intervenes to provide a seed number. This means that the casino no longer has complete control over the game. Remember that the player can change the seed to whatever they are comfortable with, and then they match it with the game to ensure fairness. 

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Problems That Provably Fair Gambling Doesn’t Solve

To a degree, provably fair gambling does help to restore players trust in the whole methodology of the casino actions used during gameplay. It can certainly ensure that the outcomes are random and therefore that you haven’t been cheated. Unfortunately, there are some major problems that it cannot solve. These include the following:

Withdrawal Restrictions With Provably Fair Gambling

It’s an unfortunate fact that nearly all online casinos are super fast at taking your money in the form of deposits, and yet unbelievably slow when it comes to having to payout. After they add all sorts of obscure terms and conditions which make the whole withdrawal process a total pain. In many cases, you may feel you have won, yet the victory feels meaningless and hollow if you cannot withdraw your winnings.

Terrible Odds With Provably Fair Gambling

Thanks to probable gaming we can be certain that the algorithm is not fixed and does not follow any sort of pattern. But you can do nothing to improve your jackpot winning chances. That’s why, in spite of all this computer technology, at the end of the day you should always choose the game that has the best odds as well as having an understanding of the house edge. For casino table games, this would probably be roulette and blackjack, where certain bets actually have the odds of 50/50.

Stolen Details

Provably fair gambling is not going to help to make the casino more secure. In other words, if a hacker were to steal your details from your online casino account there’s nothing provably fair gambling could have done to stop that. Having said that, most casinos dealing in cryptocurrency would have very advanced levels of security in place so the possibility of losing your data or having it shared by third parties, is very minimal. As a given, you should always research the bit casino you are going to play on, and try and find some relevant and truthful reviews.

Picking a Provably Fair Gambling Site

With so much competition between online casinos, these businesses are constantly looking at new ways to keep the customer happy and returning. With so many casinos offering great bonuses and incentives, players are spoilt for choice. But that’s not enough for many customers as they are becoming more and more concerned about security and whether the casinos are upstanding and fair. So it’s no surprise to see more casinos implementing provably fair gaming in the hopes of allaying the fears of new players. Below we’ve listed a number of factors that you should look into when you’re checking a new casino:

Does It Accept Your Preferred Cryptocurrency?

You’ll find some online casinos are happy to accept Bitcoin alone. Other coins such as Litecoin or other altcoins may be off-limits, so it’s worthwhile checking that the casino site in question accepts the type of cryptocurrency you prefer to play with.

Is Provably Fair Gambling Casinos Secure?

By nature, the whole bitcoin community is a mix of people who tend to have pretty advanced computer skills. But of course, that has nothing to do with ethics, and you still find there are those with bad intentions even within the crypto community. Nevertheless, most crypto accepting sites will have a high level of security, which can include multi-signature and remote cold storage options.

A provably fair gambling secure site will ensure that your crypto is stored offline in a hardware wallet and will need multiple key holders to give approval in order for you to access your fund’s. Though this may appear long-winded it’s just a few clicks of the mouse and is incredibly secure.

What Services Does Provably Fair Gambling Offer?

When talking about casino sites that have provably fair gaming, take note that this new methodology is not just for casinos, but can be put to good use with Sports Betting, Lotto and many other gambling activities. When you check online reviews, you’ll be able to see all the details and options and it’ll help you find the best casino site to play. We would highly recommend King Billy Casino. Not only does it offer provably fair gaming, but also a massive welcome bonus for all new customers of 151% up to €/$500 plus 51 bonus spins!

Can You Claim Any Welcome Bonuses With Provably Fair Gambling?

It’s pretty much a given these days, that whatever casino site you visit, you’ll be facing a welcome bonus of some sort within a couple of seconds. Of course, who doesn’t like to receive free cash which will enhance your bankroll and allow you to play for longer by increasing your jackpot winning chances? Provably fair gambling sites are exactly the same, and they all come with a regular range of loyalty bonuses, cashback bonuses, daily rewards, welcome bonuses, and no deposit bonuses. In fact, the list of possible incentives goes on and on.

What Unique Features Does Provably Fair Gambling Offer?

You’ll find that many provably fair gambling sites will have some unique features which are designed especially for players utilising crypto. These may include double authentication which add an extra feature of privacy, social functions, hotkeys, leaderboards and sometimes banking features that will help you increase your Bitcoin.

You should keep in mind that any of the above can make a huge difference to your overall betting experience and it’s a good idea to look into all these features to see exactly how they can benefit you.

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