Online Bitcoin Gambling: How to Find the Stake vs Return Sweet Spot
The main aim of any online Bitcoin gambling fan is simple: make the most amount of money possible without breaking the bank. Yes, we know that Bitcoin gaming is always about entertainment first and foremost, but when you start playing for real money, cost becomes important too.
For example, you might have browsed the Vegas Casino lobby, taken a spin or two on Mega Glam Life for free and decided you want to enhance your experience by switching to real Bitcoin bets. Once you’ve made the switch, you’ll still be playing the same game and having the same amount of fun, but this time there will be something else to think about: the money you’re spending.
When this dynamic is added into the mix, your thoughts will automatically turn to the idea of making the most you can while spending the small amount possible. Of course, before you can weigh up your options, you need to understand the concept of stake vs return. Fortunately, we’re here to help by breaking this idea down and then piecing it back together for you.
So, if you’re ready to deconstruct the idea of online Bitcoin gambling and the balance between stake and return, let’s get right to it.
Understanding Online Bitcoin Gambling and How to Get Involved
Before we go any further, the first thing we need to touch on is the notion of Bitcoin gambling online. If you’re completely new to the world of iGaming and/or Bitcoin, the idea of placing bets with a currency that only exists online might seem a little strange. However, let us reassure you that it’s the best way to play. Here at Vegas Casino, we allow you to deposit, bet and withdraw in nothing but Bitcoin.
There are numerous benefits to this, but a few of them are:
- More efficient transactions and therefore faster withdrawals
- It’s extremely safe
- You can play from anywhere, regardless of your local currency
- Your personal details are never needed and, therefore, always protected
When you take these positives into account, Bitcoin gambling online is basically a safer, more efficient way to play online casino games. Regardless of your local currency, you can play everything from blackjack to live baccarat when you join Vegas Casino, as well as our extensive range of slots and much more.
So how do you get into the action? This is the easy part. To become a Vegas Casino player you simply hit the registration button at the top of the homepage, give us a few details like your email address, screen name, a password and then confirm you’re 18+. That’s it! Once you’re a member, you can make deposits, play for real money and then start to think about stake vs return.
Stake vs Return: Simpler than it Sounds
In the online Bitcoin gambling world, stake and return mean the following:
Stake: This is the amount of BTC/mBTC you spend on a certain bet. For example, you might be playing bitcoin blackjack and stake 1 mBTC on a single round.
Return: This is the amount of BTC/mBTC you expect to win or actually win from a correct bet. Your return is always going to be a multiple of your stake. Moreover, you also get your stake back on a winning bet. For example, in Bitcoin blackjack the payout for a win is 1:1. So, if your stake was 1 mBTC and you won, your return would be 2 mBTC (=1 mBTC original stake + 1 mBTC profit).
Based on this, you can see that the more you stake, the greater your potential return will be. However, this is where the problem kicks in: how can I improve my return without increasing my stake? The answer to this is fairly simple because the online Bitcoin gambling world is full of options and, fortunately, not all of them are created equal. Basically, when you scroll through the Vegas Casino lobby, each game will have a different return factor.
For example, the smallest win in blackjack is 1:1, but the smallest win on Mega Glam Life (based on a stake of 1 mBTC) is 0.25 mBTC. Taking this to the other extreme, the most you can win at the Bitcoin blackjack table is 3:2 on your stake, but in Mega Glam Life you can scoop a progressive jackpot worth more than 400,000:1 on your stake.
In short, these examples show that every Bitcoin casino game will have a different return policy and this means that you can actually increase the amount you get back without increasing your stake – the money you bet. If we were to give you a list of games based on their stake vs. returns, with the most lucrative at the top, it would look something like this:
- Progressive jackpot slots
- Video Poker
- Bitcoin lotteries
- Table games (roulette, blackjack, baccarat etc.)
- Casual games
Now, at this point you’re probably thinking: surely I should just play jackpot slots all the time if I want the best return possible? In theory, that’s true. However, what you also need to consider is win frequencies and that’s something we’ll conclude with below.
It’s Not Always about Finding the Greatest Returns
Although we’ve shown that jackpot slots can offer the best return based on your stake, the reality is that you’re not going to win the top prize very often. In contrast, when you play blackjack, you’ll win quite a lot. In fact, according to the statistics, you’ll win around 50% of the time as a novice (skilled players can improve this percentage slightly). What this shows us is that the real key to online bitcoin gambling success is finding the right balance between stake, return and chances of winning.
Yes, your potential return is greater when you play slots, but your chances of winning on a single bet are lower than in blackjack. In simple terms, you have to look at the amount of money you have to play with (an amount you can comfortably afford to lose if it all went wrong) and then decide which game offers the best all-round action.
If you’re content to go long periods of time without a win while you aim for a jackpot, slots might be best. If you prefer small but frequent rushes of adrenaline, table games could be better. Only you can find the sweet spot, but you need to ensure that you’re always weighing up the stake vs. the return vs. the chances of winning.
Join us here at VegasCasino.io today for the best online Bitcoin gambling experience where you’ll have hundreds of ways to maximise your returns! Our extensive range of games means that you’ll be able to find games you enjoy playing – and winning at – regardless of which stake vs return style you prefer.