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Utilizing Bitcoin Gambling Strategies and Systems for Profitability

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Bitcoin gambling is quickly becoming more popular than traditional online gambling. Faster transaction speeds, anonymity and better transparency are some of the reasons why new players prefer gambling with Bitcoin and why veteran gamblers are gradually migrating to crypto casinos.

Despite all the risks associated with it, gambling is fun and entertaining, which is how the majority of players see it. For the rest, though, gambling is all about making a profit.

In case you happen to be one of the latter and are looking for a way to earn money from gambling, you should know that having a gambling strategy or a system in place is essential, especially if you gamble frequently.

The good news? We’ve got just that for you.

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To help you get started, we’ve prepared some of the most popular strategies used by experienced casino players. We will show you their pros and cons, help you pick a strategy that suits you the most, and even give you a few tips on how to manage your bankroll and gamble responsibly.

Understanding Bitcoin Gambling Strategies and Systems

Bitcoin gambling strategies are designed to maximize players’ chances of winning in various games of chance and are most often used when betting on sports or playing casino games.

Unlike some strategies that are based entirely on luck and won’t get you far in life, skill-based strategies utilize risk management principles, probability, statistical analysis, and many other models and principles that make them much more reliable than luck-based strategies.

However, before you get ahead of yourself, make sure to remember that no gambling strategy is foolproof. Even though skill-based strategies are backed up by math and probability, luck still plays a major role in casino games, and you should prepare yourself for both wins and losses.

While a good tried and tested gambling strategy may help you make a profit and minimize your losses, gambling is inherently unpredictable, and no strategy will help you win all the time, so be wary of systems that promise you riches.

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Despite that, no strategy is the same and some strategies are used more often than seasoned punters and gamblers simply for performing better than the rest.

Popular Bitcoin Gambling Strategies

Believe it or not, there are dozens of betting strategies you can use for playing in a casino or sports betting. However, before you decide on which strategy you should use, there are several different aspects you should consider.

First things first, you should know that most strategies are designed for specific games. For example, the Martingale strategy is most often used in roulette or blackjack, while strategies like value betting are popular among sports bettors and poker players.

Granted, while you may use any strategy however you see fit, chances are the strategy won’t be as effective.

Similarly, you should keep in mind that some strategies are better suited for smaller budgets while others require you to have a hefty bankroll in order to make the most of the strategy and push through a series of unfortunate bad beats.

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With that in mind, here are some of the most popular strategies often used by gamblers.

D’Alembert Strategy

D’Alembert strategy is ideal for even money wagers. Because of that, D’Alembert’s strategy is most often used at the roulette table.

The idea behind D’Alembert’s strategy is that red should come up around the same number of times as black during a roulette session, so you should either finish the run dead even or make a profit. In theory, at least.

To use D’Alembert’s strategy, and many other betting strategies, the first thing you should do is determine your base unit size. The unit size depends entirely on your budget, and it can be $1, $5, $50, or any other amount. It can also be a percentage of your entire bankroll.

Once you have your unit size, the next step is to simply begin a cycle and stake one unit when placing a bet.

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In case you made a losing wager, you should increase your next bet by another unit. For example, if your unit size is $5, you should bet $10 the next time. If you lose again, you should add another unit size to your previous bet, meaning your next bet should be $15.

If you win, you should decrease your current wager by one unit size. If your previous wager was $15, the next time you bet you should stake $10.

That’s it—that’s all there is to D’Alembert’s betting strategy.

Paroli Strategy

Paroli betting system is most often used in roulette and blackjack. The idea behind this system is that wins and losses should, technically, come in streaks, and the goal of Paroli’s betting strategy is to land three consecutive wins in a row, all whilst doubling the wager whenever you land a win.

As is the case with D’Alembert’s strategy, you should begin the cycle by betting a single unit on an even money outcome, such as black or red at the roulette table.

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In case you make a losing wager, simply make another bet and stake a single unit.

If case your first wager is a winning one, you should double your current wager, meaning you should bet two units.

If your second wager is a losing one, you should revert to betting a single unit. However, in case you land a winning wager, you should double your current wager once more, meaning you should bet four units.

After your third wager, you should reset the progress and begin a new cycle by betting a single unit, regardless of whether you won or lost the previous bet.

Martingale Strategy

The Martingale system is another even money betting strategy, making it ideal for roulette betting.

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The idea behind this strategy is to double your initial wager each time you lose a bet. By continuously doubling your initial bet, you should recover any previous losses once you land a winning bet, and also make a small profit.

To use Martingale’s strategy, you should start your cycle by betting a single unit on either red or black.

In case you lose your wager, double your bet. For example, if you bet $1 and lost, you should bet $2 next. In case you lose again, bet $4, then $8, then $16, and so forth. You should keep doubling your wager whenever you lose a bet.

Once you land a winning bet, reset the cycle and bet a single unit once again, which would be $1 in this example.

Assessing the Pros and Cons of Bitcoin Gambling Strategies

As we mentioned earlier, no betting strategy is foolproof, and even though these strategies make perfect sense in theory, the reality may be much more different.

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For example, the Paroli system has minimal risk to it, since you’re increasing bet size with every win and the money you win from betting, rather than dipping into your own bankroll. It can also net you maximum profits if you manage to land three consecutive wins.

Unfortunately, that is not always the case, and you may lose a lot of money trying to land three consecutive wins and decide to call it quits.

On the other hand, Martingale is easy to learn and even easier to apply. It can help you recover from early losses, but at the same time, it is also significantly riskier than the Paroli system. Not only that, but it can quickly deplete your bankroll with just a few bad beats.

When it comes to D’Alembert’s strategy, this system is fairly balanced—it is a tad riskier than Paroli’s strategy but not as aggressive as Martingale’s system.

However, the D’Alembert system doesn’t improve your odds at the table, meaning you will be facing the same house edge as usual, and you might struggle to make a profit in the long run.

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Each of these strategies has its own pros and cons, and which one you should use depends on your bankroll and your play style.

The good news is that there are plenty of other strategies out there, and if you would like to explore your options, some of the most popular ones include strategies like the Andrucci system, Fibonacci’s strategy, value betting, Oscar’s Grind, and Labouchere’s system.

Developing a Personalized Bitcoin Gambling Strategy

Once you have a good understanding of some of the most popular and effective gambling strategies, it will become significantly easier to pick a gambling strategy that suits your bankroll and play style the most.

Of course, you don’t have to stick to a single strategy. If a particular system is not working out for you, you can evaluate your previous records and select a new strategy that might be a better fit.

Similarly, you can also find inspiration from one or even a few strategies we included and develop a personalized strategy that caters to your needs.

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To do that, the first step is to identify your personal goals. After that, you should take personal preference, bankroll, play style, and risk tolerance into consideration and develop a strategy that is unique to you and quite possibly even more effective than the strategies we provided.

Tips for Implementing Bitcoin Gambling Strategies

Apart from the strategies we mentioned, there are several other aspects you should master that will help you make a profit in the long run, one of which is bankroll management.

So, what is bankroll management exactly, and how does it work? More importantly, why is it important for gambling?

Bankroll refers to all the money you set aside for gambling, and it can be a weekly or a monthly amount. Many of the strategies require you to bet flat unit sizes or small percentages of your entire bankroll—the amount you should wager per bet depends on how aggressive your playing style is, and your budget.

As far as bankroll management goes, think of it as a long-term strategy designed to help you minimize your losses, resulting in an overall profit. Simply put, it is how you manage the money you use for gambling.

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In addition to bankroll management, you should carefully select the game you want to play at a casino—pick a game with favorable odds and a low house edge.

Of course, make sure to understand the rules inside and out, so that you can make the most of any strategy you decide to use.

Lastly, make sure that you are gambling responsibly. Even though leading online operators regularly advocate for responsible gambling, a good chunk of that responsibility falls onto players as well.

In other words, bankroll management is only as good as your discipline. Strategy or not, bad streaks happen to everyone, so you should try your best to always stay levelheaded. Instead of betting with emotion, make sure that every bet you make is practical and well-calculated.

The Wrap Up

Gambling strategies are a must-have for anyone serious about gambling and any players who plan to make a profit from gambling.

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While we have mentioned only a handful of strategies in our guide, you should remember that you are not limited to a single strategy. Instead of sticking to one strategy, you can always mix things up a little and find a strategy that works the best for you, your playstyle, and your bankroll.

The most important thing is to make sure you always stick to your budget. Gambling is inherently risky and everybody loses, even seasoned gamblers. No matter how effective your strategy is, you are always at risk of suffering a bad streak and losing money.

Therefore, it is extremely important that you gamble responsibly—bet only with the money you can afford to lose, don’t chase your losses and make sure you stop and take a short break if gambling is affecting you negatively.

Bitcoin

Stake Colombia Partners with NetRefer for its Casino and Sportsbook Affiliate Marketing Platform

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Stake Colombia, the Latin America division of Stake, has entrusted its Casino and Sportsbook brands to NetRefer’s Affiliate Marketing Platform.

Colombia serves as Stake’s operational base for expansion throughout Latin America. Their influence in the booming LatAm iGaming market began in 2023, through the strategic acquisition of Betfair Colombia and its license. “Expanding into the Colombian market is a strategic decision that aligns perfectly with our vision for growth and innovation,” said Brais Pena, Chief Strategy Officer at Stake.

This vision underscores Stake’s commitment to establish itself as a key player within Colombia’s market, increasing the assertion of the nation’s status as a home for innovative foreign investments.

Stake has multiple high-profile sponsorships, and missing the iGaming giant is almost impossible. It sponsors the likes of Everton FC, the UFC Franchise, and now in 2024, they announced their biggest move to date: their very own Stake F1 Team. The company’s redefining of brand partnerships also includes a deal with Megastar rapper Drake. Now, with the establishment of Stake Colombia, the company is accelerating its massive influence in the LatAm market.

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In iGaming, it takes more than high-profile sponsorships to get to the top and stay there. To win that battle, Stake Colombia has an armada of popular Casino Games, Slots, Live Casino, Blackjack, and Drake’s favourite, Roulette, to accompany its extensive Sportsbook and keep the iGaming business skyrocketing to success. Apart from providing their customers with world-class games, how-to guides, and display boards promoting the best paying-out games, their easy-to-use platform allows players to place bets on various sporting events with minimal clicks and effort.

Stake works hard to maintain its dedication to fair play, legal operation, and transparency. This is demonstrated in their verified status with the Crypto Gambling Foundation and projects to promote responsible gambling. Their status as a ‘Crypto Casino’ is backed by all the cryptocurrency giants, such as Bitcoin, Ethereum, and Dogecoin, to name a few, in the jurisdictions in which this payment method is allowed.

Also noteworthy is the company’s commitment to security. State-of-the-art encryption methods and 24/7 customer support come as standard with Stake Colombia. Their priority to maintain player satisfaction is achieved through unique reward programs and campaigns, including their superb betting events with the rapping legend Drake, enhancing a better gambling experience and contributing to overall affiliate commission earnings.

Being a Stake.com.co Affiliate means earning commission for all bets placed on its Casino and Sportsbook, which, unlike traditional affiliate programs, means earning money even if players win. This ability to go above and beyond industry practices in various sectors has surely paid dividends to Stake’s rise to power.

Stake Colombia has partnered with NetRefer as their Affiliate Marketing Platform provider with Casino and Sportsbook brands. NetRefer expresses its delight to have such a renowned market leader join their client portfolio and become part of their journey to continued success.

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Become a Stake Affiliate: https://stake.com.co/es/afiliados-resumen

Learn more about NetRefer: https://netrefer.com/

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Navigating Bitcoin’s Impact: SOFTSWISS’ iGaming Industry Overview

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In March 2024, Bitcoin soared to a historical high, nearing 70,000 euro per coin. How does this impact the iGaming market? Being a tech company with over 15 years of experience and an innovator in crypto iGaming software development, SOFTSWISS shares anticipations in its quarterly crypto analysis.

Over 220 brands powered by the company engaged in crypto transactions during the first quarter of 2024, which is 12% higher than the previous quarter. SOFTSWISS experts analyse the data gathered from crypto-friendly brands by employing extrapolation, comparative, and correlative analysis.

 

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iGaming Market Overview: Unveiling Anticipated Growth

The size of the global online gambling and sports betting industry is expected to rise significantly and exceed 170 billion euro by 2032, according to Statista. Based on SOFTSWISS data, the iGaming market has demonstrated a stable pattern of growth year after year.

In absolute terms in euro, the Total Bet Sum grew by 5.8% in the first quarter of the year compared to the last quarter of 2023. Analysing the year-on-year increase, comparing Q1’24 with Q1’23, the growth is more impressive, showcasing a 47.2% boost.

Simultaneously, the Total Bet Count, both fiat and crypto, displayed a slightly larger gain in the first quarter of 2024 compared to the previous quarter, surpassing 6.1%. The indicator’s year-on-year boost is much more notable, revealing a 57.2% increase.

The popularity of iGaming in recent years has been fuelled by its global reach and accessibility due to constant technological advancements. On one hand, the quality of internet connectivity continues to rise, while on the other, new payment methods are emerging, simplifying payment procedures.

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The in-depth quarterly analysis, ongoing since the beginning of 2022, reveals that fiat bets are undergoing more substantial growth compared to crypto bets. In Q1’24, the Fiat Bet Sum increased by 6.9% compared to Q4’23, while the rise of Crypto Bet Sum was at 2.4%.

 

The more active growth of fiat bets led to a slight decrease in the share of crypto. In the first quarter of 2024, the crypto share in the Total Bets Sum settled at 24.4%, decreasing by 0.8 percentage points (p.p) compared to the last quarter of 2023.

 

What is the State of Crypto in iGaming?

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Analysing crypto bets, it is crucial to highlight that almost 93% of them are facilitated through the in-game currency conversion tool, which is gaining traction. This mechanism allows operators to engage players with cryptocurrency assets in games initially tailored for fiat only. Operators that adopt such options are gaining more competitive advantages in the market.

While the Q1’2024 Crypto Bet Sum shows a moderate 2.4% growth compared to the previous quarter, the year-on-year analysis demonstrates a 20.8% increase. The Crypto Bet Count remained unchanged in Q1’24 compared to the previous quarter’s indicator. Simultaneously, the metric increased by 21.3% year-on-year. The figures speak volumes, showcasing a consistent interest among players in crypto gaming.

“The lack of a substantial increase in the number of crypto bets during Q1’24 can be partly attributed to the significant rise of the Bitcoin exchange rate during this period, leading players to be more cautious with their crypto bets.  This trend mirrors the situation in the first quarter of the previous year when the Bitcoin exchange rate surged following a decline at the end of 2022,” comments Vitali Matsukevich, Chief Operating Officer at SOFTSWISS.

 

What Distinguishes the Average Crypto Bet?

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The average crypto bet increased to 1.71 euro in the first quarter of the year from 1.66 euro in the last quarter of 2023. This growth correlates with a significant strengthening of the Bitcoin rate during the first quarter of 2024.

The average fiat bet remained steady at around 0.81 euro in Q1’24 and Q4’23. The average total bet stayed constant since the second half of the previous year and is equal to 0.93 euro.

 

Notably, the average crypto bet is double that of fiat. This indicates that digital currencies are preferred by higher-income players.


Why Did Bitcoin’s Share Drop?

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The Top Five most operated digital coins in iGaming have remained stable during the last two years with minor changes in ranking order. The top still includes Bitcoin, Ethereum, Litecoin, Dogecoin, and Tether.

 

In Q1 2024, Bitcoin experienced a significant decline of 9.4 p.p. compared to Q4 2023. This could be attributed to the bolstering Bitcoin exchange rate and players exercising a more cautious approach towards it.

In contrast, the shares of other digital coins have increased. Ethereum and Litecoin showed growth of 4.0 p.p. and 3.8 p.p., respectively, during the same period. Simultaneously, Dogecoin rose to fourth place in the ranking, leaving Tether behind.

Vitali Matsukevich, Chief Operating Officer at SOFTSWISS, summarises: “The benefits of employing digital currencies, such as fast transactions and anonymity, still attract many players. Embracing cryptocurrencies in iGaming can boost operator profits despite their volatile nature.

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As the Bitcoin rate is expected to strengthen after the Bitcoin Halving, the average crypto bet and projected gains may see a notable impact. During such promising times, it is crucial to have reliable and experienced partners to navigate the path to success.”

 

About SOFTSWISS

SOFTSWISS is an international tech company supplying software solutions for managing iGaming projects. The expert team, which counts over 2,000 employees, is based in Malta, Poland, and Georgia. SOFTSWISS holds a number of gaming licences and provides one-stop-shop iGaming software solutions. The company has a vast product portfolio, including the Online Casino Platform, the Game Aggregator with thousands of casino games, the Affilka affiliate platform, the Sportsbook Platform, and the Jackpot Aggregator. In 2013, SOFTSWISS was the first in the world to introduce a Bitcoin-optimised online casino solution.

 

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The post Navigating Bitcoin’s Impact: SOFTSWISS’ iGaming Industry Overview appeared first on European Gaming Industry News.

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Should iGaming Be Worried About 2024 Bitcoin Halving?

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In its LinkedIn newsletter, ‘The SOFTSWISS Special’, SOFTSWISS, a global tech expert with over 15 years of experience in iGaming, delves into the impact of Bitcoin Halving on the iGaming realm. 

The recent historical moment of Bitcoin Halving took place on 19th April 2024. SOFTSWISS, a pioneer in crypto-friendly iGaming software, shares its insights and forecasts for how this event may shape the future of iGaming, shedding light on potential opportunities and challenges for industry stakeholders.

 

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What is Bitcoin Halving?

The Bitcoin halving is a scheduled event that occurs approximately every four years or every 210,000 blocks. During this event, the reward for mining and verifying new blocks is reduced by 50%, resulting in miners earning only half the number of BTC per mined block. 

Since its launch in 2009, Bitcoin’s mining reward has halved four times, occurring in 2012, 2016, 2020, and 2024. The recent April halving reduced the reward to 3.125 BTC per block. Such events are crucial for Bitcoin’s scarcity and inflation control, ensuring that the total supply never exceeds 21 million coins and aligning with its deflationary principles.

Historically, each halving event has resulted in a rise in Bitcoin’s price. This is attributed to the reduced supply and increased scarcity, although other market factors have also influenced these outcomes.

 

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Exploring the Impact of Bitcoin Halving on the iGaming Industry

To provide an in-depth analysis of the Bitcoin Halving impact on iGaming, SOFTSWISS invited Bradley Peak, blockchain expert and tokenomics adviser, to share its anticipations.

  • Bets rise: The halving is expected to lead to an increase in Bitcoin’s value. If the trend of impressive price surges persists, Bitcoin-friendly iGaming brands could see a positive impact.
  • Crypto adoption increase: Implementing crypto-friendly models has the potential to boost player trust and transparency in iGaming. Additionally, it could rejuvenate unique gaming experiences like provably fair games and decentralised casinos.
  • Regulatory frameworks improvement: The recent Bitcoin halving could prompt regulatory bodies to reassess their stance on cryptocurrency gambling. This could lead to new regulations ensuring fairness, responsible gambling, and anti-money laundering measures in the crypto-driven iGaming sector. 

Bradley Peak, blockchain expert, comments on the recent changes: “Any transformation will not be without its challenges. It is important to adapt – invest in employee learning and development, onboard crypto processing, and make sure your platform remains secure in the process.”

Explore the influence of the 2024 Bitcoin Halving on the iGaming industry in the fourth edition of The SOFTSWISS Special newsletter on LinkedIn.

 

About SOFTSWISS 

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SOFTSWISS is an international tech company supplying software solutions for managing iGaming projects. The expert team, which counts over 2,000 employees, is based in Malta, Poland, and Georgia. SOFTSWISS holds a number of gaming licences and provides one-stop-shop iGaming software solutions. The company has a vast product portfolio, including the Online Casino Platform, the Game Aggregator with thousands of casino games, the Affilka affiliate platform, the Sportsbook Platform and the Jackpot Aggregator. In 2013, SOFTSWISS was the first in the world to introduce a Bitcoin-optimised online casino solution.

 

The post Should iGaming Be Worried About 2024 Bitcoin Halving? appeared first on European Gaming Industry News.

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