Crash Gambling Game

With the advent of the first regulated online Bitcoin casino in 2014, billions of dollars worth of Bitcoin have been wagered online. All sorts of games can be found in these casinos, such as: roulette, dices, slots, blackjack... but one of the more popular ones seen recently is a game called Crash, also known as Crash Gambling or Bitcoin Crash Game.

In Crash Gambling Game, players have a couple of seconds to place their bets before the multiplier begins. The multiplier inital value is 1 and, then, it begins to increase. Players are allowed to leave at any point multiplying their bet by the amount on the screen (indicated by the multiplier). [1]

However, if the players wait too long to cash out and the multiplier crashes, then, they lose everything. The chances that the multiplier crashes before reaching 2 is around 50% but he chances for it to increase also exist and it can even go into the thousands and even the hundreds of thousands in some cases.

This game is deemed provably fair as the results (the crash points) have already been generated beforehand and rely on blockchain technology to remain immutable. Therefore, a player does not see the odds changing with the amounts bet or with the number of players in a round. [1][2]

Online blockchain casinos state to have an edge that ranges between 1% to 1.5%, which is comparably lower to that of traditional casino games. Some casinos declare to have an RTP (Return-To-Player) of 99%, which is fairly impressive. [3]

References

This article "Crash Gambling Game" is from Wikipedia. The list of its authors can be seen in its historical and/or the page Edithistory:Crash Gambling Game. Articles copied from Draft Namespace on Wikipedia could be seen on the Draft Namespace of Wikipedia and not main one.

---