Why Provably Fair Games Matter in Crypto Casinos?
Provably fair gaming is a concept introduced by crypto casinos to help them stand out from traditional online casinos. This feature aims to allow players to test the fairness of games by capitalizing on the immutability and transparency of blockchain technology. Every bet, outcome, or game can be checked to ensure the operator has not weighted the odds in their favor. Some of the components that allow players to perform these checks include the Random Number Generator (RNG), Seed Pairing, Transparency, and Third-Party Verification. Below are why provably fair games matter when gambling at crypto casinos.
Fairness and Transparency
Crypto casino games such as online crypto slots claim to be fair and transparent because of their connection to the blockchain. Although all casinos and casino operators claim that their games are fair, crypto casinos set themselves apart by allowing players to check for themselves. This increases the fairness and transparency of each game as players can see how the inputs and outcomes are affected. This eliminates bad actors in the gambling industry who try to take advantage of unsuspecting players. Removing these bad eggs from the industry provides a catalyst for growth.
Player Attraction
Games that can be proven fair are attractive to gamblers, especially professionals who want to make every cent count. This is why provably fair games are important for the growth of the crypto gaming industry. As more players learn of these provably fair games and the tools used to validate the games, they will be drawn to playing games they can trust. Players who are already familiar with blockchain technology will find it easier to use while those who are not can easily learn the skills. Experienced and newbie players will be able to find fair games that suit their tastes. Operators can also use provably fair games as a marketing tool to attract new and existing players to their platform.
Reduced House Edge Influence
The house edge is most powerful when it is obscure. House edge refers to the inbuilt advantage the house has for each game you play. When players do not know the house edge of a game, it becomes harder to plan their bets and the influence of the house edge is prevalent. Provably fair games make the house edge more predictable as it allows players to know what it is and plan accordingly. Each bet is calculated and the house edge is factored in before it is placed. Therefore, players will win more than they lose. House edge calculations lay the groundwork for developing winning strategies when gambling. Therefore, it will be a big boost to players across various games including slots, card/table games, and live games.
Player Power
Players have more power when they can verify the fairness of games. Verification puts players back in control as they can now verify operator claims. The tools used for verification are available to all players and they can use them as required. In addition, players can better understand how to deploy their bankroll to make the most returns. In the past, gambling experiences were exclusively curated by casino operators but now, players have a say in how each game is experienced. The ability to check each bet and each outcome brings a new dimension to gambling strategy that also increases player power.
Player and Casino Trust
The trust between players and operators is strengthened through these provably fair games. Bad actors thrive on secrecy and hidden outcomes which make it harder for players to win games. The transparency that players experience when they play these games allows them to trust casinos more as they can see the magic behind the curtain. This improves player loyalty and makes them come back for repeat experiences. Therefore, operators can be sure that they can hook their users as long as they provide transparent games without any cheats or quirks. Casinos that also readily provide the tools for proving game fairness will be rewarded with customer loyalty which will directly increase the bottom line.
Provably fair games have an inherent advantage that other regular games do not have because players can determine the outcomes of games. This is why crypto casinos have experienced a high growth rate and customer retention.
Disclosure: This article contains sponsored content.