Aside from the ability to get quickly into Bitcoin gaming and enjoy winning anonymously and without a lot of red-tape, another major benefit of this type of cryptocurrency casino is related to all of the ways that you can grow the value of your winnings over time.
There are a variety of ways to do this. Some of them have to do with taking advantage of existing bonuses and rewards on the front end. Others involve long-term strategic crypto portfolio and asset strategy plans – or in other words, long-term thinking.
All of them are available to players who enter modern Bitcoin casino venues and get set up with a stake and a wallet to benefit from some of the best new technology in the digital gaming world.
Startup and Play Rewards
From the very beginning, you can get available digital gaming rewards that increase your initial stake and help it to grow as you play.
First, there’s something called a freeroll – where the gaming operation will offer you an initial value in the form of on-chain or in-game tokens. That’s not real money, per se, but as you play and earn, it becomes cryptocurrency that you can take to the bank.
Then there’s something called cashback or rakeback, where you get a certain percentage of what you gamble back in value across the table. This process happens naturally and is “out of sight, out of mind” but it really benefits the player.
In addition, there are all kinds of bonuses that casino operators are offering to entice players to the Bitcoin gaming table. Reload bonuses, high-roller bonuses, referral bonuses, and level-up bonuses are just a few of the rewards that you get as you play.
Bitcoin Casino Games and Play-to-Earn Philosophy
Along with all of these classic Bitcoin casino gaming rewards, you can also be looking for other offerings based on an underlying philosophy that Bitcoin casino creators tend to favor.
It’s called play-to-earn, and it’s taking over in a big way. The idea is that psychologically, it’s easier to keep people playing when their initial bankroll increases instead of decreasing.
You’re probably familiar with the way it usually works in a traditional casino – you get your money out for slots or poker or some other game, and you run out, and you go back to your bank account or the cash in your pocket, and get more to put in.
The new digital play-to-earn model turns this on its head. Instead of running out of money as you play, you gain money as you play. The house is able to do this partly through the frictionless and permissionless nature of decentralized digital coins.
So that’s something to look for as you try to grow your Bitcoin winnings.
Staking and Yield Farming
If you’re not content with all of the range of earnings potential tools offered to you in the casino environment, you can also put your existing winnings to work with staking and yield farming contracts.
Essentially, this works on the basis of pledging your assets to a third party that will offer you available interest. It’s similar to earning interest on your money in traditional depositor banking – but because of low-interest rates, dollar investors hardly get any interest from simple deposits.
Crypto depositors can get many times more interest, in some cases up to 10% or more, on their value, which makes staking and yield farming attractive options in today’s financial world.
Arbitrage
Remember that when you’re playing in a Bitcoin casino, the value of your winnings is volatile. Even as you win or lose Bitcoin value, out in the market, that coin’s value is rapidly changing.
So another way to grow your winnings is to do your due diligence, get good at understanding moves in cryptocurrency pricing, and trade between pairs, for instance, swapping Bitcoin for Bitcoin and vice versa.
That’s only a small sliver of the landscape…
You have coins like Litecoin that are rapidly expanding, coins like Cardano (ADA) that are still in development (engineered by academics with DeFi cred), and coins like, well, Dogecoin, just to name a few. Then you have crypto ETFs, crypto innovation funds, and a host of other options.
All of this puts you in the driver seat in terms of growing your initial investment into bigger and bigger stacks, for the next time that you sit down at the table.
In a very consequential way, Bitcoin and crypto casino gaming are taking their place in a vibrant ecosystem where making money doesn’t have to be like it used to – at all. Think about how to mix and match these strategies for long-term growth and financial health with the power of DeFi assets.