Whether you just started gambling or have been betting for a long time, you may have probably come across the term provable fair gambling. The term is often described using other concepts such as provable fair slot games and provable fairness.
As far as you are betting at a casino, whether online or land-based, the most crucial to watch out for is fairness. It makes no sense to invest your money gaming only to lose under suspicious circumstances.
Players consider provably fair gambling as one of the ways of maintaining transparency in online bitcoin blackjack and other games. As expected, this technology does not entail a third party since it is reliant on Bitcoin that uses advanced cryptography. With provably fair gambling, the player has an opportunity to personally verify the results of particular gameplay.
So, what really is provably fair gambling, and why should you care about it? Keep reading to the end to learn more about the technology, including how it works and why players consider it revolutionary.
All About Provably Fair Gambling
Provable fairness is a technology that makes it possible to verify the fairness of a game in real-time. The technology works mainly in Bitcoin or cryptocurrency casinos. By definition, you may consider provably fair gambling as an algorithm that assesses whether an online casino is fair to a player. With this technology, players can allay their worries that online casinos are nothing more than rip-offs.
For the technology to work, it bases its operations on three terms that may make your head spin if tech isn’t your thing:
Random Number Generators
As the name sounds, a Random Number Generator produces random numbers within a given scope to determine the outcome of a game. The technology can have the ability to produce up to as many as a billion numbers, giving the player confidence that the casino would not manipulate the numbers yielded.
Seed Generators
The reasoning behind seed generators is to create numbers that get fed in algorithms and used for determining the outcome of a game. When the player has the opportunity of adding a seed number, it essentially rules out the reasoning that the casino might have influenced the game’s outcome.
Hashing
Hashing alludes to transforming longer data strings into shorter strings. Within the scope of provably fair gambling, the seeded number would be hashed and then encrypted. What that means is that all the cryptographic hashes that are used by a particular casino would be unbreakable, hence not influenced at any point.
How Provable Fairness Works
In order to appreciate provably fair gambling, you would need to first know how it works. Here is a step by step guide behind this revolutionary technology:
Step 1: The online casino will create a hashed seed number and send it to the player.
Step 2: The player will add their own seed to the number.
Step 3: The bet executes, and the seeded numbers are used to determine the game’s outcome.
Step 4: After the bet completes, the player gets the seed that was used to execute it.
Step 5: The player verifies the bet to determine if it is completed without interferences. In the event of interference, the hash function would not get verified, and the player would know.
Why do we consider provable fairness as being revolutionary?
The issue of fairness in online casinos has always perturbed many players and experts over the years. With the development of this technology, all the participants have an opportunity to ascertain that online games are getting executed without manipulation. These are some of the reasons why provable fairness has been embraced with so much enthusiasm:
It is transparent
As far as betting at an online casino is concerned, one of the crucial matters for most people is to make sure that everything happens transparently. This is where provably fair gambling scores big with the players. Bettors have an opportunity to evaluate the previous game’s results and assess its fairness.
It is based on blockchain technology
If you have never heard of blockchain technology, this is the next-level innovation that has been turning heads around in the crypto world. It is considered the most secure, and hackers have a near-impossible task of trying to break through it. The fact that provably fair gambling is based on this technology forces casinos to demonstrate their model of operation. The blockchain ledger has also proven instrumental in ascertaining the transparency of all games. The player can easily refer back to their transactions when they suspect malicious activities.
Does not need a third party to authenticate
The majority of online casinos often undergo third-party authentication. Whereas that’s a good thing, the human authenticators are also subject to manipulation. Applying this technology gets rid of the need for third-party auditing and authentication. In other words, the players themselves become the auditors, ensuring there is a high level of transparency in gameplay.
Has a higher RTP percentage
Players often choose casinos based on the concept of Return to Player (RTP). This refers to the percentage of all the wagered cash that the casino would pay back to the player after a certain period. You often want to go for the highest RTP if you want to make more money in online betting. In provably fair gambling, casinos typically have an RTP rating of 99%.
How can I select a provably fair casino?
As much as provable fair gambling has become a popular development, it does not mean all casinos have embraced it. You need to exercise due diligence when choosing an online casino to make sure you are playing on a platform that has implemented this technology. Do not just take the casino’s word for it. The fact that they say they use provably fair does not mean they do. Take the time to research and get the opinion of an expert as you create an account on the platform.
In many cases, a couple of simple considerations can go a long way in ensuring you are on the right platform:
Does the casino have your preferred cryptos?
Assess the cryptocurrencies that your chosen casino supports. If your preferred cryptos are not part of the list, you might want to think twice before signing up. A good provable fair casino seeks to support popular cryptocurrencies to accommodate more players.
What is the casino’s security status?
Never bother signing up on a casino that does not have crucial security features implemented. For instance, when you check the URL, it should have a padlock sign to imply it has installed an SSL certificate. When playing at a secure site, you can gain the confidence that all your transactions execute as expected without some third-party manipulations.
Is the casino really transparent?
No single provably fair gambling casino should operate without being transparent. Confirm that your chosen platform does not try to hide things from you. If it does, you should immediately revoke your account and avoid placing further bets on the site.
Conclusion
Provably fair gambling is a revolutionary development and will influence the direction of online casinos. As you get ready to enter into this interesting world, you should focus on making the most of what this technology offers. Always play at a casino that has implemented it and supports your preferred cryptocurrencies. Happy gaming!
