Crash gambling games are among the most fun, exciting, and pretty straightforward games on crypto betting sites today. In Crash games, you'll find a Multiplier increasing steadily until it 'crashes,' hence its name. On each round, the player places a bet, and if he can cash out before the Multiplier stops or crashes, he wins a payout. For example, if he wagers $10, starts the game, and cashes out at 10x, and the round continues, he wins and takes home a payout of $100! But if, in the same round, the player fails to cash out before the Multiplier crashes, then he loses the bet and the round.
But like other casino games, there are always the next few betting rounds you can join in the hope of cashing out your bet before the game's Multiplier 'crashes out'!
Most Crash gambling games feature an unlimited Multiplier, but some casinos cap the Multiplier value at 1,000x. So, on each betting round, there's always a chance to hit a 500x or even 1,000x the bet. However, the Multiplier can also crash early, at 5x, 3x, or even at 1x the bet! There's no way of knowing the next Multiplier since the game is provably fair.
But to win big in Crash gambling, you'll need a higher risk appetite and can hold your nerve long enough to let the Multiplier and the game play out. Some say that the game mirrors the price action of assets such as Bitcoin- with its ups and downs and the challenge for players to hold or sell before it crashes.
Just like in trading and investing in assets like BTC, Crash gambling games reward bettors who are comfortable with taking risks. In short, Crash games offer an exciting way to gamble but have drawbacks.
So, before you play this game in real money, you must know its pros and cons. Also, we'll cover the pitfalls of signing up on some Crash gambling sites without due diligence. Remember, choosing a betting site also shapes your online gambling experience!
The pros of playing Crash gambling games
We love Crash gambling games for several reasons. Aside from its support for cryptocurrencies and easy gameplay, these games also provide bettors with a potentially lucrative betting experience in just a few seconds. There are also rewarding bonuses and promos, the growing crypto community that supports players, and the fast transactions provided by legit crypto betting sites.
Below, we've listed the primary benefits of playing Crash games using crypto.
24/7 availability
Bitcoin and crypto betting sites are available 24/7, so you can enjoy a few rounds of Crash games anytime. Also, betting rounds are quick, lasting for a minute or two, and some end up in just a few seconds when the Multiplier crashes early.
With its fast-paced nature, you can easily squeeze in plenty of betting rounds when you play this game in real money. You don't need to worry if you miss one round since another betting round will happen in seconds! Also, Crash betting sites boast other popular games, including online slots, table games, and live casino titles.
Faster transactions
Betting rounds aren't the only fast ones. When you sign up and play at Crash gambling sites, you can also enjoy quick payments, from deposits to withdrawals. Crypto transfers are fast, and it only takes two or three confirmations on the blockchain to approve each request, which translates to just minutes.
Since you can immediately top up your account, you can immediately wager on Crash gambling and try other crypto casino games such as slots, table games, and live casino.
Anonymity
Most crypto betting sites allow players to enjoy anonymous betting. Compared to traditional online casinos that are strict in asking for personal information, your privacy on these websites is respected.
Most crypto casinos will only ask for your email and password to register an account, and the same quick and convenient process applies to deposits. You need the e-mail address associated with your crypto wallet, or you need to scan the QR code to complete the deposit.
The cons of playing Crash gambling games
While Crash gambling games offer an exciting and potentially lucrative way to play with crypto, knowing a few of its drawbacks is crucial.
No regulatory oversight
A significant concern about crypto gambling games and websites is the absence of regulatory oversight. Traditional online casinos are subject to strict rules and regulations, with several jurisdictions taking the lead in ensuring operators' compliance for fairness, security, and Responsible Gambling. You'll see these in the available business registration and remote licenses from reputable jurisdictions like the UK Gambling Commission, the Malta Gaming Authority, and the Government of Gibraltar.
Operators that don't comply with the strict standards are fined, or worse, they're stripped of their remote licenses to operate, making these undesirable destinations for online gambling. Most crypto betting sites, on the other hand, don't have this strict regulatory environment. There aren't regulations governing Bitcoin transactions, and most crypto betting sites don't carry remote licenses or business registrations. It means there are fewer protections for you in case of banking issues, delays in payments, or worse, fraud.
Also, getting help and resolving disputes is difficult if you play at an unregulated and unlicensed crypto-betting site.
BTC and altcoins are highly volatile
Bitcoin and altcoins are highly volatile assets. The value of your digital coins fluctuates widely in a short period, and we've already compared the asset's rise and fall to the Crash gambling game with its rising value (Multiplier), which can crash anytime. Investing with or wagering with crypto puts you in a precarious situation.
If the value of your Bitcoin decreases, it can lower the value of your account and affect your potential payout. But if you insist on wagering with crypto, you can limit yourself to more stablecoins with an above-average market cap.
Irreversible transactions
Crypto transactions are generally irreversible. There's no way to reverse a crypto transaction, and it's an issue if you use the wrong address. At least with traditional online casinos, there's always an option to contact the casino to request an investigation and a return of the funds sent by mistake. As such, we advise caution and always double-check for accuracy to avoid inconveniences.
The decentralized nature of Bitcoin and altcoin means there's no regulation or even a central authority to appeal to in case of payment disputes or fraud. It can be a frustrating or even dangerous situation where you have few options to recover your money or even ask for protection.
Here are things you can do to stay safe
Crash games are exciting and thrilling to play, only if you don't encounter any issues or problems when gambling. As such, it's crucial to practice due diligence and research when choosing a legitimate and reputable betting site.
Whenever possible, only sign up with a licensed and registered gambling site with solid industry experience. We recommend these steps not just for beginners but for all players who want to enjoy Crash gambling games in real money. Also, it's best that you educate yourself first about the nature of Bitcoin and cryptocurrencies before using it for gambling.
As mentioned, cryptos are an unregulated asset class and are highly volatile. If you're not careful in wagering or holding cryptos, you may end up having an empty bag and feeling disappointed.
Also, some form of education is required so you'll know the most stable coins to use when playing the Crash gambling games. Knowing the best gambling sites and the basics about Bitcoin and altcoin allows you to gamble safely and conveniently. Finally, don't forget to gamble responsibly when enjoying these Crash gambling games.
Like all forms of casino games, Crash gambling games boast purely random outcomes, and there's no way of correctly predicting the result of the next round. Also, it's highly volatile, and we're not just talking about the volatile nature of Bitcoin and cryptos. Even when enjoying these games, the results are highly volatile: one time, it crashes at 10x, and the next, it moves up to 15x, then drops to 1x on the next round!
When we say gambling randomly, we recommend setting up a bankroll and staying within limits. Also, we don't recommend chasing losses since the next round never guarantees a winner.
Are you ready to play Crash gambling games and bet using Bitcoin and altcoins?
If yes, you can check out this popular crypto casino game at Pasino.com, which you can enjoy using free credits and in real money. If you're a beginner, you can play it first in a free demo using Pasino's GEMs and browse our Blog for more guides and tips on how to bet on Crash gambling games safely and responsibly.
