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Author Topic: Bitcoin is the savior of professional poker players  (Read 1297 times)
EternalWingsofGod
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May 27, 2015, 12:37:04 AM
 #21

It is saviour for gambling in general

in my country there are many restrictions to gamble almost every game and with bitcoin is really simple and easy to play without restrictions

Indeed there is no reason to have house edges of 10% and over like in a Casino when there are low costs, it's also secure and provably fair with low cost and ease of transfer.
Just got to wait and see though I'm sure the government will want to have it's way with it sooner or later like Nevada and SWC
http://insidebitcoins.com/news/nevada-attorney-general-charges-seals-with-clubs-owner/32205
Do casinos have 10% house edge or more??  Shocked

I didn't know they have such high rates

I meant at some physical casinos and games (depends on what your playing and where)
The house edge on licensed online casinos that do US currency are likely lower but not sure by how much though but its still likely a lot higher than most Bitcoin house edges though and takes signifcantly less processing time for withdrawals.

There are a bunch of data listed in the American casino guide if your curious though but those are for slots the ones that provide data are roughly 10% for slots.
Keno has an edge from 4% to 35% according to wiki (which linked to wizardofodds) so 10% can be on the low end for some games he-he.

http://www.americancasinoguide.com/slot-machine-payback-statistics.html#Colorado
http://en.wikipedia.org/wiki/Keno
http://wizardofodds.com/games/keno/
http://wizardofodds.com/gambling/house-edge/
http://vegasclick.com/gambling/houseedge.html


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May 27, 2015, 04:20:58 AM
 #22

Not only professionals but I think many players who don't have poker rooms near by and who don't want to provide their credit card/personal info to the other online sites who don't accept Crypto Currencies as their payment method prefer playing at BTC/Crypto accepting poker sites.

The things that are stopping players from playing at these poker rooms are, lack of trust/players. Most BTC poker players prefer playing at Freeroll tourneys whereas the professional poker players wants busy ring tables.

The part where you say, "... players who don't have poker rooms near by..."  really made me think.  This isn't really in contrast or opposition to what you said... Just my 2-cents on how screwed up some things here in the US are.

I can't stand that the US imposes blockades on the internet for folks who want to gamble online.  Anti-gambling legislation is a relic of the Old West.  Laws were made against it because there were people dying all to regularly when being accused of cheating.  The only reason it's still in place is because of religious fuddy-duddies who don't understand that Americans are supposed to have liberty and freedom. 

I think its actually lobbying by Nevada and the Indian casinos.  I live almost walking distance from a casino, and yet playing for money at a friends house down the street is technically illegal.  So is playing online.  Its just ridiculous.

As far as online poker, I am always nervous that the would be somehow rigged, so I am too scared to ever play it Tongue

As to professional players, sure maybe some people can do that but if I tried it I am sure I would end up real poor real quick!
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May 27, 2015, 04:24:03 AM
 #23

this is a straight up plug lol

For what shall it profit a man, if he shall gain the world, and lose his own soul?
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