While the market is filled with large bitcoin casinos that include a wide variety of games, but also the possibility to bet on sport events and their outcome, there are also some bitcoin casinos that are considerably simpler, but still as fun. One such example is LuckyBit, a bitcoin gambling platform that offers a single, yet addictive and fun game.
The idea behind the LuckyBit casino has been around for a long period of time. Originally called a Bean Machine, the game was taken from the real world, and transformed into an online application.
For those who do not know, the game consists of sending an amount of bitcoin to one out of four possible addresses, and then seeing your particular transaction get sorted through a fun-to-watch cryptographic process, thus determining your win. The idea behind the game is quite difficult to explain in writing, which is why it is often recommended to head over to their sites and see how bets are played out without investing any money. That’s right, you can choose to view random bets, while also watching other players either win or lose while playing the game.
The rules of the game are fairly simple. All funds sent to the four addresses present on the site are considered as valid bets, as long as they respect the minimum and maximum betting amounts. If you’re lucky enough, you can potentially expect to win x999 times the sum that you have initially bet.
Perhaps one of the best parts about the game is that it is almost instant. With this in mind, as soon as you send your bitcoin to the address, you can view your bet being placed automatically by the system. However, this only happens for bets that have been sent out with priority fees, in order to reduce the risk of a double-spend.
It is also important for the players to note that with the pay-out, LuckyBit will also include a small transaction fee, meant to pay the miners.
Understanding your odds on LuckyBit is quite important, as it will help players determine which transactions would be better suited. Thankfully, the platform is provably fair. With this in mind, the key that the casino uses to determine the moves of a bet is changed every day, with the last key being made public at midnight. The hashes are all published as well, so users can shortly check whether their bet was truly valid, and whether it has been tempered with by a third party.
Based on everything that has been outlined so far, if you’re looking for a fun-to-play casino game, then LuckyBit may just be the best solution for your current needs. Try it out and you surely will not be disappointed.