Author: César Albarrán Torres
September 9, 2014
Will Bitcoin Change Online Gambling?
After the opening of a number of new Bitcoin-only casinos over the past 18 months, there has been some buzz about this virtual currency making huge waves in online gambling. Some commentators are quite enthusiastic and argue that Bitcoin online casinos will revolutionize the industry by escaping jurisdictional constraints, attracting hordes of players from countries and jurisdictions where online gambling steps in a gray area regarding regulation. Multiple Bitcoin-only casinos such as bitzino.com, casinobitco.in, satoshibet.com and bc-casino.com are starting to emerge.
September 4, 2014
Understanding Odds and Gambling Probability
Gambling is a cultural practice defined by chance or what the ancient Greeks called alea. As such, gamblers have little or no control over the outcome. It is important to keep this undeniable fact in mind when spending a few bucks in a bricks-and-mortar or online casino. Unpredictability is just one element that makes gambling fun, right? But it’s not so much fun when the odds are not in your favor and winning becomes an obsession (a recreational gambler with the right gambling mentality remembers not to chase his losses).
While some forms of gambling, like poker (either online or in a traditional venue), require some level of skill in bluffing and reading other players, most forms of gambling are purely defined by chance. This means that whatever control you think you have over the outcome is merely an illusion. Games of pure chance include roulette, slot machines and bingo.
August 22, 2014
Developing An Online Gambling Mentality
A lot has changed since Planet Poker dealt the first real-money online poker hand in 1998. Since then, online poker has expanded across the globe and has become a culturally acceptable form of entertainment for millions of players. Based on the traditional table game, online poker requires an extra set of skills that are unique to digital play. These skills include the creation of avatars, finding the platform that suits you best and learning how to “read” other players through digital interaction as opposed to playing face to face. It also involves managing how much you pay for your gambling experience.
