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Author Topic: What are the origins of provably fair technology in gambling?  (Read 437 times)
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March 04, 2023, 09:07:52 PM
 #61

Provably fair is basically an algorithm consisting of cryptography and hash functions to derive a number.
Most of the gambling sites include 3 major elements into their provably fair algorithm which are server seed, client seed and nonce.
Its known that provably fair is by far the best way to derive a random number. Its trusted by most of the gamblers in the community.

Something like this is how I interpret what Provably Fair can be, a strong algorithm that is completely impartial, it is also widely accepted throughout the casino and betting community, and if it has that acceptance it is because it really is very reliable.

I had that same curiosity years ago, at the programming level I have no idea how that code can be, Prabavly Fair is the best way so that no game can be manipulated. There will be many who will try to beat Probavly Fair, but it is impossible. And I am sure that many players will have had that doubt.


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March 05, 2023, 11:12:07 AM
 #62

Provably fair is basically an algorithm consisting of cryptography and hash functions to derive a number.
Most of the gambling sites include 3 major elements into their provably fair algorithm which are server seed, client seed and nonce.
Its known that provably fair is by far the best way to derive a random number. Its trusted by most of the gamblers in the community.

Something like this is how I interpret what Provably Fair can be, a strong algorithm that is completely impartial, it is also widely accepted throughout the casino and betting community, and if it has that acceptance it is because it really is very reliable.

I had that same curiosity years ago, at the programming level I have no idea how that code can be, Prabavly Fair is the best way so that no game can be manipulated. There will be many who will try to beat Probavly Fair, but it is impossible. And I am sure that many players will have had that doubt.



Even I think there will be people who would be trying to beat provably fair system but would have failed since it is not so easy to do it.
There are few people who have built some generators which creates a simulation of X bets and gives us the results.
Here X is the number we provide as input and then people refer the results and use it as a reference for their next bet.
I wonder how that works out for them but they have shown it to work nicely in their scenarios.
Still nothing can really beat the provably fair algorithm yet.

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March 05, 2023, 11:38:08 AM
 #63

As far I know, provably fair technology in crypto gambling is simply the application of cryptography/hash functions onto an specific market or purpose, so one can verify the gambling results in a trust-less way. The theory behind it is not actually new.

I am not sure what the first platform that started this trend was, though.

I'm remembering one of my friends mentioned that Counter Strike: Global Offensive actually used this technology for one of their skin-gambling games.

The CS:GO provably fair thing was actually controversial somehow but I don't remember why exactly. Something happened tho.
I remembered seeing this talk in Reddit years ago, took a moment to look it up, and this is probably the one you were talking about?
https://www.reddit.com/r/pcmasterrace/comments/4rdiqe/what_is_a_provably_fair_gambling_system_how_are/

I actually have no idea whether this is true or not, or how provably fair really works never really took the time to research this (and as a teen back then, even if I did read all of this, understanding it would be another). The logic is fairly simple to understand though imo, just that proving if it really works or not is another thing. I've mostly played on reputable casinos, only taking the time to try a few new ones but not spending that much in them so I don't risk any "provably fair" like casinos.

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March 05, 2023, 04:55:53 PM
 #64

I've mostly played on reputable casinos, only taking the time to try a few new ones but not spending that much in them so I don't risk any "provably fair" like casinos.
By playing gambling at a reputable casino, we don't have to worry about the problem of being "provably fair" because if the casino does that, it will affect the casino's reputation if the casino can't do it. And when they are found to be "provably not fair" after someone checks the algorithm, it will immediately make the casino's reputation falls. Perhaps, many members will immediately leave the casino because they don't want to get scammed by the casino. And that is why I also choose to play gambling at reputable casinos to avoid being "unfair," which can be done at any time by any casino.

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