June 17, 2017
Bitcoin Betting Limits
Bitcoin Betting Limits: High or Low, We’ve Got Something for Everyone
Walk into any casino in the world and you’ll find a selection of games where you can place a variety of bets. From small stakes to limits so high they’ll make your nose bleed, any casino worth its salt will offer something for everyone. Here at BitCasino we’re no different. In fact, one of the reasons we offer something for everyone in a way that bricks-and-mortar casinos actually can’t is because of our betting limits.
Being an online operator gives us certain advantages over our “real-world” counterparts when it comes to setting minimum and maximum stakes. Because our games don’t have the same costs attached to them as a live venue, we can actually offer games that are more affordable – and more profitable. For example, a live casino in Las Vegas might charge $10+ (approx. 10 mBTC) for a single hand of blackjack. In contrast, our smallest stakes at BitCasino allow you to play from as little as 0.1 mBTC.
As well as allowing you to bet for less, Bitcoin is a universal currency. This means you can use it from any country in the world and you won’t have to worry about currency conversion fees. When you visit a live casino in a different country, this is something that you will have to think about as it could affect the cost of your bets.
Here at BitCasino, the price you see is the price you pay regardless of when or where you play from. Now, before we let you loose on our roster of gaming options, we’ve put together a quick guide to our Bitcoin betting limits, what they mean and the ways you can ante up at a level that suits you.
What Are Bitcoin Betting Limits?
“One BTC coins” (CC BY-SA 2.0) by zcopley
Unsurprisingly, Bitcoin betting limits are the minimum and maximum amount you have to pay to place a bet. Now, depending on your experience, skills and bankroll, you’ll either be interested in our upper limits or our lower limits. For example, if you’re a high roller, you’ll want to know what the most you can bet on a single game is. If you’re a newbie, you’ll want to know the smallest amount you can spend and still win some money.
Before we go any further, we want you to know that the stakes you play for don’t automatically determine the amount you can win. Just because you play at the lowest Bitcoin betting limits, it doesn’t mean you can’t win thousands. Perhaps the most obvious example of this is when you play one of our Bitcoin jackpot slots.
Depending on the game in question, you can stake as little as 0.1 mBTC and win upwards 10,000 mBTC. Because a small portion of each player’s stake is put into a communal prize pot, the amount of money on offer can grow many times larger than each single bet.
Of course, the opposite is also true. In a game such as Bitcoin blackjack, the size of your prize is dependent on your stake. Whether it’s a 1:1 payout for a non-blackjack win or 3:2 when you hit blackjack, these ratios relate to your stake. For example, 1:1 in this instance means that 1 betting unit (your stake) is rewarded with a 1 unit payout. So, if you wagered 5 mBTC (one unit), you’d win an additional 5 mBTC for a total return worth 10 mBTC.
Basically, there are some games where the Bitcoin betting limits you play for will determine how much you win while there are other games where it doesn’t matter.
Why Do You Have Bitcoin Betting Limits?
If we’re so interested in letting as many people play as possible, why do we even have Bitcoin betting limits? Well, in some respects you’re correct. If you want to offer more games to more people, you’d not put a limit on anything. However, in reality, this just isn’t practical. Firstly, we need to cover a certain amount of costs, so we can’t just let you bet anything. By setting minimum betting limits, we’re able to cover the cost of running a game and still have enough in the pot to pay you your winnings without fail.
At the other end of the spectrum, we can’t let you bet as much as you’d like because we have to have certain limits on what you can win. Consider this: a group of super high rollers joins the site, bets thousands and goes on a winning streak. If this was to happen, it could soon be the case that all our attention and resources would have to be focused on these high rollers and not our smaller stakes players.
Beyond covering our costs and ensuring there’s something for everyone when you ante-up, the other reason we have Bitcoin betting limits is to bring some order to the site. Scrolling through hundreds of games and trying to find one that suits your situation would be tough if we didn’t have filters such as betting limits. So, to ensure you’re able to find the best games for you, we have low limit Bitcoin games, standard limit Bitcoin games and high limit Bitcoin games.
Our Bitcoin Betting Limits: Offering a Something for Everyone
To conclude our look at Bitcoin betting limits, we thought we’d leave you with a few gaming options across the betting board. From low stakes to high stakes, the following are just a couple from our extensive selection of games that will give you a way to play at a level that fits with your bankroll:
Low Stakes Bitcoin Betting Limits
- Satoshi Blackjack – bet as little as 0.1 mBTC
- Hot Safari Slot – bet from as little as 0.01 mBTC
- Easy Roulette – bet from as little as 0.1 mBTC
High Stakes Bitcoin Betting Limits
- High Roller Blackjack – bet up to 5,000 mBTC per hand
- Dolphin’s Luck Slot – bet up to 60 mBTC per spin
- Live Dice – bet up to 1,000 mBTC per roll
To get access to Bitcoin betting limits that work for you, make sure you click our registration link at the top of the page and create your first BitCasino account today.