Losing money in crypto casinos online is nothing uncommon, but there are ways to avert it. With the introduction of digital currencies in the casino industry, people are focused on making payments using any major currency out there. Losing in online gambling happens often, but when it keeps on happening, it means you may be doing something wrong.
Crypto casinos work the same as any other entertainment site – most of the games you’ll find are present elsewhere, and the promotions are repeatable, but somehow you still struggle to win. There are many reasons why this happens constantly, but everything can change with a few steps and some commitment.
For this reason, we’ve decided to point out some factors that occur in crypto casinos online and are the main ones that you lose all the time.
Stick around and learn how to avoid losing money while playing in these casinos.
You Play at Casinos with High Playthrough Requirements
One of the foremost reasons why you keep losing in cryptocurrency casinos is the high and unfair wagering requirements. The wagering requirements are something you can’t skip or dodge, as they are here to deliver some profit to the owner.
If you play at a site with high WR, you’re going to lose more cash than you can make. The higher the playthrough requirement is, the more money you’ll have to spend on trying to clear them out.
There are few crypto casinos online out there that have zero playthrough requirements, but their initial deposits are higher than usual. But if you win something, you can withdraw your winnings without spending extra cash on wagering requirements at all.
In case you can’t find wager-free online crypto casinos, look for those with 5x,10x, and so on requirements. Everything above 40x can be considered unfair, which is one of the prime reasons you lose money.
Never Play at a Casino Without a License
Playing at a casino provider without a license is a risk in all aspects of online gambling. These casinos operate on their own laws, which are unfair in most, if not all, cases. It’s not a secret that winning in any casino is pure luck, but these operators are determined not to let you win by any means.
Operators without a license from a regulatory body such as the Malta Gaming Authority, UK Gambling Commission, and other agencies should be ignored at any cost.
Not only you’ll have a little-to-none chance of winning, but they will take your cash with their unfair terms and conditions, which might compromise the security of your banking and personal information.
You Play Any Games in the Library
Casino games are the main reason why players lose money at cryptocurrency operators. Not all games you encounter in the game library have the same chances of winning. The reason for this is the game itself and the way it’s created. Some titles have too many reels or will require you to make combinations that rarely occur.
To win, most gamers stick to progressive jackpots, as they have the biggest rewards. If you stick to games from prominent software providers, eventually, you will stop losing money, as their games have at least some chance of winning, unlike others that will keep you spinning in a circle.
The other factor when it comes to games is the minimum bet limit. To play a slot, for example, you’ll need to place a minimum bet to spin the reels, or you can use free spins if any, or simply purchase them. Crypto casinos that have cheap spins for their slots can save you money, and you won’t even feel the difference if you win big.
An extra tip from us, make sure you play slots with a high RTP rate of around 96%, as the return rate will give you some money back in return. The slot’s volatility also plays a huge role, as higher ones rarely payout, but when they do, you won’t have to play casino anymore!
Playing Without Bonuses
There’s a good reason why promotions are beloved by every play – they offer you a chance to win without spending too much of your own money. One of the reasons you are losing money in crypto casinos online is opting out of promotions.
Yes, you’ll have to make a small deposit to receive any casino reward, but in return, you will receive a decent matching percentage on your deposit, mostly 100%, 150%, etc.
If you decide not to take a bonus from the operator and start playing immediately, you’ll have to spend your own money to get spins, points, or credits to play with. Eventually, you will spend cash, but when you win something, it won’t cover the previous losses that got you there in the first place.
Promotions exist to help you win from games, as you won’t have to spend your own case the entire time.
Crypto Casinos are More Volatile
Unlike regular online casinos, where you can use traditional banking options, crypto casinos are a bit different. The reason behind this is that all cryptos are highly-volatile currencies since they are decentralized, and their value constantly changes.
For example, if today you can buy, let’s say, 0.015 Bitcoins for $50, tomorrow that might be worth even more, and essentially, you will lose money from the price drop.
There is no crypto out there that is stable and keeps the same value at all times. This is one of the risks you’ll face no matter the crypto casino you play in.
Wrap Up
Online crypto casinos are considered to be a better choice than the ‘standard’ ones, but they aren’t without their flaws. The value of all cryptos changes constantly, and that’s the first sign of losing money while playing.
We hope that our five reasons here will help you avoid losing money as much as possible at any online crypto casinos, so make sure to read them in detail and then put them into practice. Happy hunting!
