Posted October 26, 2018 by GamblingKing in Poker

Are crypto betting games the future of online poker?

crypto betting games
crypto betting games

Crypto betting games are becoming more and more popular in the online poker environment. There are already poker rooms on the market that offer the possibility of transactions in this modern form of payment. Players accept these innovations with great enthusiasm. Are cryptocurrencies the future of online poker?

The mainstream

Cryptocurrencies enter the mainstream and start to play a considerable role in sectors such as share market and funds. Their revolutionary impact on the gambling sector, which is worth billions of dollars, seems to be a natural course of things. For exmaple you can already play online roulette with Bitcoin. But it is not the only reason why the implementation of crypto betting games is such a perspective for online poker.

Simply bigger profits with crypto betting games

Crypto betting games simply allow to earn and save loads of money for both poker sites and players. The significantly lower cost of running a crypto poker site influences the amount of rake, which directly affects players’ pockets. Poker rooms don’t need to deal with transactions with banks and they can save literally thousands of dollars every day. The cheaper costs definitely encourage players to start playing crypto betting games. The rake is very high on most poker sites these days. Most active players pay as much as thousands of dollars to poker operators every month. The cost of playing is the main factor which poker players consider when choosing the site they will play on. As the correct choice can itself tremendously increase their profits.

Crypto betting games are expected to revolutionize online poker because with time, more and more players will change poker rooms they play on to cheaper ones. Many great poker superstars, including Phil Hellmuth and Dan Colman, have been paying attention to this issue for a long time. They are convinced that cryptocurrencies are a very beneficial, revolutionary change. Therefore, they will be the future of online poker.

Online players look for a security

What’s more, crypto betting games allow players to feel way more safer with their funds. It is because cryptocurrencies are the synonym of security. Crypto poker sites use blockchain technology to power their sites. Unlike in traditional forms of payment, the units of cryptocurrency are encrypted. Protected by one-sided algorithms and therefore almost impossible to decode. Therefore, the websites need to save only the public key of the player. Thanks to crypto betting games, the information is now really private and way tougher for hackers to steal.

Anonymity is also a huge benefit for poker players from countries like India. As poker is not everywhere widely accepted. The bank methods compromise identity. There are forms of payments that guarantee an anonymity but they are usually expensive and very difficult to set up. While using cryptocurrencies, everything what players need to provide is just their mail ID and wallet ID. The lack of anonymity on traditional poker sites is a real issue for many poker players and in fact, many of them do not choose to register on them for this sole reason.

Less fear

The cryptocurrencies’ payments mean also way faster – usually instant – withdrawals. The traditional poker sites usually take as much as 48 – 72 hours to transfer money, and sometimes even it takes them weeks or months. Crypto betting games make customers feel way calmer and comfortable as the fear of difficulties related to accessing funds disappears almost completely when using cryptocurrencies’ payments.

More players

The better security and easier access to funds directly affect the number of players willing to register on the site, and helps the online poker market to grow. Although the major poker sites guarantee already a high level of security and offer great customer service, there are still players who are afraid to deposit money into them. Crypto betting games are an excellent way to deal with this problem.

A matter of time

For the online poker market to grow, poker operators must convince players that playing is completely secure. Crypto betting games offer a great alternative for players to protect their private data. And that they won’t have to wait for months to withdraw funds.
It seems that these changes are only a matter of time. When cryptocurrencies become even more appreciated all over the world and people will become with them as familiar as with traditional ways of payment, crypto betting games are very likely to cause another online poker boom. Given the current trends, it seems that realizing it is rather a matter of months than years. When players start to be more aware of how huge the benefits of crypto betting games are, the online poker market will naturally move in this direction to meet the needs of customers.


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