When Online Casinos Meet Blockchain
The history of gambling dates back to the history of humanity. And way back then, groups that bind together with an “agenda” bet on almost anything that is within the affairs of men — will it rain, will it snow, will they get very far. And putting a wager on events and people is essentially gambling on the outcome of these affairs.
Since the 1600’s, the concept of casinos is already inculcated and part of human culture from the Chinese to the Europeans. And as technological advancements progressed alongside the ascension of human civilization, the computer age has ushered on gambling through the internet hence the advent of online casinos.
What’s the difference between Online Casino and Physical Casino?
Physical casinos operate differently from online casinos. In physical casinos, you have to exchange your money for physical chips. While in casino’s online, you have to deposit money in exchange for the tokens.
The house always wins!
We have heard this phrase time and time again. ‘The house always wins’ actually best describes the operations of casinos — be it online or physical ones. The house has a mathematical formula in every game that estimates a player’s chances of winning. A house edge of 50% means that the house has a 50% chance of winning, so does the player. But in most cases, the house edge is higher which means that casinos operate on a profit. Yet players want to be entertained and continue to try their luck and challenge the odds on their favor.
We need Blockchain
With today’s advances in technology, the concept of blockchain provides for a transparent and fair casino experience that would make it easier for gamers and online entertainment seekers, as well as cheaper and faster. A casino on a blockchain protocol ensures fair games without the rigging of results. Online casinos that adopt the blockchain will still remain profitable, but with a decreased house edge — allowing and encouraging players to keep on playing.
In Lucky, we embolden our players to play our games and win up to 777 tokens! Every player can verify each result of their game to maintain fairness and that’s Provably fair.
The house always wins? Yes, but in a blockchain environment — players can win more too!
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