If you’re like me, then you absolutely must hate paying gambling taxes, especially if you’re doing it from the comfort of your own home. One of the ways that was suggested to me by a friend was to try a online Bitcoin casino. Funny thing is, that at the time I had absolutely no idea about BTC and how it works. What really surprised me was how much control and privacy I have over my money and that in a sense, the government can’t even tax me.
I like gambling, so it was only natural for me to try this option out. Together with my friend we looked around at the different casinos, read reviews and made a decision as to where I was going to deposit. I bought $50 worth of bitcoin from my friend and I was already gambling in the next 10 minutes.
The particular website that I participated had a couple of games on offer, Lotto, Roulette, BlackJack, Slots and the one I was most fascinated by, Bitcoin Dice casino – perfect choice for USA players.
Now, you must be thinking, what is so special about it?
I’ll tell you what is so special about this game. There was no dices involved! Basically their system ran a proverbial 10000 sided dice that could end up on any number between 1 and 10000. And that’s not even the best part. The house edge is as low as 1%. The game is completely programmable to suit your needs as a player. With this I mean that if you want you can even get 75% chances of winning, in exchange for a lower pay-out.
It’s a casino after all, the house always has to have an edge. But I just couldn’t get over the excitement, I could setup the game where I would have lower chances of winning, but my winnings would be times five or even times fifty! (Good luck winning that one though).
Another feature of this game in particular is the Auto-bet option, where you can create your own conditional system that makes wagers for you. You could setup a Martingale system, or another negative/positive progression, betting strategies. You have parameters which can limit the max amount you bet, indicators defining what will happen once you win or lose a bet, and a limit telling the software what is the maximum amount of rolls that it is going to make for you. Before I forget, these games are provably fair, meaning that the results are based on a cryptographic equation that calculates the outcome.
All in all, online casinos that use Bitcoin and the Dice in particular are amazing. I’m so happy and grateful to my friend for supporting me to explore this idea about BTC gambling. I play for fun, so I typically lose most of my money over the weekend, but I know the risk and I’m doing it because I like it, and also because sometimes I get a nice bonus to my account. What bothers me though is the fact that I have to pay 30% of the income, due to taxing laws and regulations, otherwise I’m being held accountable for tax evasion.
With BTC it’s different, because Bitcoin is regarded as an asset, rather than currency. It’s like owning a gold bar in a way. Nobody from IRS is going to come to your home, knock on your door and ask to take a chip off of your golden bar. I know the example seems absurd, but it is truly the best way to work around the silly tax laws, while not even breaking them in the first place.
Online Bitcoin based Dice casinos provide a great way for USA players to have the thrill, fun and excitement from gambling, without having to worry about the financial expectations when they win and earn income. I think every one of us deserves a care-free environment where we can play with our money.