Month: September 2017

Craps Money Management – Increase your Craps Bankroll

Fewer casino games require as much discipline in money management as craps. The sheer number of bets, combined with the fast-paced nature of the game, confuses even the best players and literally pulls the money out of their pockets. A good money management strategy for Craps will help you focus on the game and your bankroll will also help you save money in the long run. So you can enjoy the game to the fullest without ever losing sight of your financial situation.

Basics to the bankroll: always have a separate Craps bankroll

It is immensely important that you keep your Craps bankroll far away from your account with which you pay such important things as your pension, your children’s school fees and your weekend purchases. If you’re not careful, you might even come to a point where even toilet paper gets expensive. It’s better to prevent this from happening.

It’s always very tempting to invest more money when a hot shooter is playing at the table – but this damn seven could shatter you. If you’re naive enough to mix your personal finances with your play money, it could put you in a really dicey situation and you don’t even end up with enough money to put butter on your old bread.

How you organize your Craps Bankroll

Once your play money is separated from your personal finances, you have to invest it smart. In order to protect your bankroll optimally, you should first decide how much you bet per shooter and how much you are willing to lose in a round of Craps. If you bring a few hundred Euros into the game at once, and then lose them within the first rounds, you probably want to add more – because the result isn’t very enjoyable otherwise.

Ask yourself if you’re willing to lose all your play money in a round, or the fifth of a round, or even only the tenth of a round. It’s smarter to bet only a part of your money on a hand to prolong the time you can play – and of course to minimize your losses. If you bet everything directly, you can also lose everything directly in the first round. If you lose your bet, leave the table. The casino will still be there when you have enough money to play again.

A smart Craps money management is just as reasonable as general money management in gambling. You should always play responsibly and only use what you can afford to lose. Always bring only your play money (and the expenses for accommodation and transport) to the casino. Just leave your credit and debit cards at home and beware of taking casino credits!

Know the best and worst craps bets

There’s always something to bet on at Craps. Even if you forego the risky proposition bets, you can always bet on a come bet, place bet or don’t come or don’t place bet, place odds, take odds and so on. In addition, unlike other casino games, the length of rounds in craps is indefinite. It goes on and on until the shooter hits the seven and a new round begins. As always, good money management starts with you as a player knowing all the betting options and developing an optimal betting strategy that takes into account your game motivation and financial constraints.

The best Craps bets

Many Craps bets have the lowest house advantage of all casino games, and it would be stupid not to play them! These bets are the Pass, Come, Don’t Pass and Don’t Come lines. Read again the Craps rules and the Craps strategy if you are unsure about how to place these bets.

If you really want to maximize your winnings and further reduce the house advantage, you should take the odds on the pass and come bets, or place the odds on don’t pass and don’t come, as often and as high as you can. For example, if the maximum amount is 5, then bet five times your original bet on the odds bet.

But of course only do that if your bankroll allows it – otherwise stick to doubling the odds. Another multi-roll bet that has a higher house advantage but is not the worst is the hardway bet. But please don’t go crazy here.

The worst Craps bets

The best way to avoid losing all your Craps play money immediately is to avoid the Proposition bets. If you have a craps bankroll of half a million Euros, then of course, risk a little money on these risky bets and their obscene high house advantage, but for most mortals that’s not the case, so betting money on it is just pointless.

If you feel like something adventurous, stick to Place 6 and Place 8 bets, which have a much cheaper house advantage than the Big 6 or Big 8 bets.

Use a betting system

Craps money management is all about having a plan before the game starts. For some, this simply means leaving the table after a certain amount of losses. However, many other players prefer certain betting systems to structure how, when and how much they bet, and when they should stop altogether.

Paroli Betting System

Paroli is a betting system with positive progression.

With such betting systems, you only increase your next bet if you win. If you lose, the next bet is either reduced or you start the betting system from the beginning.

For Paroli you set a starting amount at the beginning, it can be for example the minimum bet amount at the craps table.

If you win, you increase the amount of your bet in the next round.

If you lose, you start from the beginning with the starting amount.

You don’t need a big Craps Bankroll.

However, you need to know beforehand how many units you want to raise before you take a bet off the table.

Read our Paroli betting system article to better understand how to use it in detail.

Ethereum Casinos 2019 – Deposit and Withdrawal

The crypto currency Ethereum has recently made almost as many headlines as its predecessor Bitcoin. The online casino scene has also become aware of this and has included Ethereum in its list of payment methods in order to make payment transfers easier for customers. On this page you will find instructions on how to use Ethereum in online casinos. Note: You cannot buy Ethereum in online casinos!

Which casinos accept Ethereum? – November 2019

The crypto currency Ethereum in online casinos

Ethereum is a relatively new, innovative computer platform that has seen enormous growth spurts in 2017. It was originally developed in 2013 by Vitalik Buterin, who at that time had a simple but not easy plan.

The groundbreaking, decentralised blockchain technology was still in its infancy, but some clever minds already recognised its potential. In July 2015, it finally went online, with a base capital of 11.9 million ethers. Ethereum is organized with the help of the “Ethereum Virtual Machine”, which uses a decentralized network to create, manage and execute scripts and thus create its own blockchain.

Ethereum differs from Bitcoin in one crucial point, which we will come to shortly. First of all, it should be noted that Ehtereum is a platform, while the actual crypto currency is called “ether”. Ethereum is the platform that produces ether.

Ether can be transferred back and forth between participating computers or accounts. In addition one can pay thereby participating computers with the help of a Smart Contracts in such a way specified. Ether is the second most popular crypto currency after Bitcoin.

But ether can be significantly more than Bitcoin. While it is based on the same blockchain principle – a decentralized system that stores all transactions and units of currency – it goes one step further by being able to control and execute computer programs.

The connection of Ethereum to online casinos

The Ethereum course experienced several explosive increases in 2017.  Thanks to the rapidly evolving technology, the emergence of crypto currencies (see also Bitcoin Casinos) has led to a technological quantum leap. Online casinos have recognized this development and started to accept crypto currencies as means of payment. So far it is only a handful of casinos, but their number is growing steadily.

All online casinos that work with Ethereum try to give you the feeling of visiting a real casino in the City of Longing, as you will eventually actually do.

We have listed the most important factors to consider when using Ethereum Online Wallets for your casino visit on this page.

Deposits with Ethereum

Step 1: Register with an Ethereum Casino and find the deposit option
To make a deposit, you first need a casino account. So select an Ethereum Casino and go to the Deposit page. Choose Ether or Ethereum as your payment option.

Step 2: Make a deposit of the amount you have chosen
Enter the amount you would like to deposit.

Step 3: Transfer Ether
When you are finished, send the order to the address Ethereum Casino offers you. Make sure everything is spelled correctly and authorize the transfer.

Step 4: Wait for the transfer to be confirmed
If you have completed the transfer, just wait for the process to appear in your Ethereum personal account.

Withdrawals with Ethereum

Step 1: Go to the page of your casino where withdrawals are made
You have won? Congratulations! Now comes the reward. Go to the Payout Options screen and select Ethereum.

Step 2: Enter the amount you wish to withdraw
Type in the amount you would like to have available and click the button to confirm.

Ethereum Casino Games

When you choose an Ethereum Casino, you will have access to the same selection of games as other casinos that do not accept Ethereum.

So you can expect the full range of online slots, a selection of casino table games, several variations of blackjack, the traditional James Bond game Baccarat and of course the good old red or black, also known as roulette.

Games such as Pai Gow Poker and Caribbean Stud have also become a natural part of the gaming offerings of every good online casino these days. Many online casinos that accept Ethereum as a means of payment have responded to the wishes of their guests and also offer their games for mobile devices.

Now you no longer have to wait until you are at home, but can dedicate yourself to your favourite games on the go, provided you have a SmartPhone, a tablet or something similar with you. But who doesn’t.

Ethereum – Glossary

The topic of crypto currency is admittedly quite complicated. To make it easier for you to understand, we have explained a few terms here that you will come across again and again in this area.

Blockchain
A data set that is continuously expanded and records all processes that are related to a crypto currency. It is quasi an accounting without an accountant. The concept is so new, that today it is the oldest active blockchain of Bitcoin.

DAO
It stands for “Decentralized Autonomous Organization”; a DAO does not need conventional committees like for example a board of directors, because it is organized decentrally. The structure of the organization is laid down in a Smart Contract.

Dapps
Supposes “Decentralized Apps”, which basically look like a website, but are not connected to a server, but to the Blockchain.

Ether
Name of the currency that produces Ethereum. In fact, the platform can be used to generate a large number of other currencies that can be traded as so-called “tokens” for ether.

Kryptowurung
Also called crypto money, the term digital means of payment, or virtual money. Digital encryption is used to make the currency and all transfers made with it more secure than with conventional means of payment.

Mining
A principle for creating new currency blocks. Individual members of the network join together to make their computing power available to the network. In return, they get the chance to receive a part of the units at the next new issue.

Node
Nodes are “nodes” or nodes of a network, i.e. the participating computers.

Smart Contracts
These are computer programs or protocols that “map or review contracts or technically support the negotiation or execution of a contract” (Wikipedia). This makes the conventional paper contract obsolete.