What Is Bitcoin?

As the first decentralized digital currency, Bitcoin stands tall as being the original cryptocurrency. This means that it doesn’t have the need for a central bank or single administrator. And with all the problems that banks have been going through in recent years, isn’t this totally appealing!?
Of course, anything that strays away from the norm will make us hesitant to become a part. We’re only human, after all! Such worries have led many to question the safety of both purchasing and using Bitcoin online. After all, without a bank or centralized foundation, where do you turn if things go wrong? Plus, how is the volatility of the Bitcoin cryptocurrency managed?

Needless to say, Bitcoin is still the number-one cryptocurrency, and if you manage to get your hands on some, you can use it for a number of different activities. And even though there have been several negative press stories over the years since its arrival, the fact remains that Bitcoin is still a lot more secure than many other financial systems.

With over ten thousand computers keeping track of the Bitcoin ledger and validating the cryptocurrency transactions on the network, it’s hugely different from the standard storage of data relating to traditional finance. Hackers? With more than ten thousand nodes keeping things running, hacking into Bitcoin’s decentralized system is akin to stealing the Crown Jewels – pretty much impossible!

One other feature that keeps things nice and safe with Bitcoin is that it works anonymously. Therefore, you as the user do not need to attach any of your personal details to a Bitcoin transaction. Your private details won’t be linked with your Bitcoin wallet, meaning that it’s also virtually impossibly for you to suffer from identity theft. So, don’t expect to find someone masquerading as you if they manage to get a hold of your Bitcoin wallet key!

Top Bitcoin Sites
Bitcoin has made its mark in several online areas, including online gambling sites. Yet with so many that are available online, it’s important to find a good one. Nobody wants to be spending their Bitcoin at bad gambling sites, which is why we have brought together a collection of the very best ones for you, right here. So, without further ado, read on to discover some of the best that the internet has to offer.

Why Is the Don’t Pass Bet Better than the Pass Bet in Craps?

This question has a simple answer. The don’t pass bet has a lower house advantage than the pass bet. If you’re comparing craps wagers by how likely they are to pay off, don’t pass bets are technically better than pass line bets.

Look at the house edge on various bets in craps. Poke around on that site long enough and you’ll see that the house edge on pass line bets is around 1.41%, while don’t pass bets give the casino a 1.36% edge.

Pass Bet Details
Pass is the fundamental wager in the game of craps. Bettors who place a Pass bet are hoping that the shooter will roll a 7 or 11 on the come out roll. Otherwise, if the shooter rolls a 4, 5, 6, 8, 9, or 10, a point is established and play continues. Once that point is set, pass bettors are hoping that number will appear again before a 7. The worst possible result for pass bettors is a 2, 3, or 12 – when this number appears on the come out roll, everyone who bets with the shooter is a loser.

Don’t Pass Bet Details
Don’t pass bets are the opposite of pass bets. Don’t pass bettors are hoping the shooter rolls a 2, 3, or 12 on the come-out roll. If that doesn’t happen, don’t pass bettors are hoping that a 7 appears before the established point.

Understand that both of these wagers pay even money. Since they pay the same, but one has better odds than the other, you must be thinking: why do people place pass line bets at all?

Three important twists to the way the game is played explain why.

Right vs. Wrong Craps Bets
Spend any time reading up on craps and you’ll come across these phrases – “right bettors” and “wrong bettors.” Understand that don’t pass bets are literally the opposite of pass line bets. Betting on the pass line means betting WITH the shooter, while laying don’t pass bets means betting AGAINST the shooter.

Gamblers who bet with the shooter are called “right” bettors, while those lay wagers against the shooter are called “wrong” bettors. Believe it or not, a lot of people prefer to bet with the shooter (even at a slight disadvantage) than bet on the wrong side.

A don’t pass bet is a bet that the shooter will “seven out” before the point number reappears. Peer pressure and gambling tradition imply that you’d be better off betting with the shooter. It’s a stroke of genius on the part of casinos, because they’re gently pressuring customers to take less-advantageous bets.

“Betting to Lose”
Another reason commonly cited in discussions about pass vs. don’t pass bets – the idea that people don’t like “betting to lose.” What’s that mean?

Imagine the game of craps if everybody switched over to better don’t pass. The dice would be switching hands back and forth – losing would be the same as winning used to be. Wrong bettors are ignoring the appeal of the hot shooter, which is by far one of the most exhilarating things you can see on the casino floor. Once a shooter “gets hot,” customers start increasing their bets, the money starts flowing, and a crowd forms. People who wager on the don’t pass line are cut out of that excitement altogether. If “don’t pass” became the new “pass,” the game itself would change fundamentally.

Low Difference in House Edge
Let’s be honest – the difference in edge between don’t pass and pass is very small. Craps appeals to a certain kind of bettor, one that is not likely to get all that excited about an additional 0.5% advantage. Sports bettors and blackjack players? Absolutely. Craps players? They’re not really known for their ability to slow down and calculate.

The fact that the difference in the casino’s advantage is so low is no doubt another factor in the popularity of the pass line. Let’s say you’re betting $5 per round and seeing 100 outcomes an hour. If you place only pass line bets, your expected losses are around $7 an hour. If you place only don’t pass bets, your expected losses are $6.80 an hour. To most people, betting with the shooter is totally worth that extra $0.20 an hour, just to protect them from the scorn of the rest of the table.

Those are all pretty powerful reasons to avoid don’t pass bets. But the fact remains – most people simply don’t want to bet against the shooter.

And now for a little extra wisdom – there’s nothing at all wrong with betting against the shooter. No casino employee will tell you that you can’t bet the “wrong way.” No dealer will kick you out of the game, and no other players are allowed to do anything to you just because you’re betting against them. What they can do is make your life a bit miserable – give you the cold shoulder, etc.

This is why you’ll often see wrong bettors sitting off to themselves away from the crowd betting with the shooter. All they’re really doing is taking the better bet – the one with the better chances of winning. But the culture of the game is such that a “wrong” bettor is likely to get a little guff from the rest of the table.

5 Things All Casino Gambling Fans Are Sick of Hearing

The life of a casino gambling fan is filled with peaks and valleys. On one hand there are the good days, when chips seem to rain from the heavens and all the cocktail servers are part-time models.

Then there are the bad days, when the old lady with the oxygen tank blows smoke in your face and every game seems out to get you. Of course, that just comes with the territory.

What doesn’t come with the territory, however, are some of the stupid comments you have to listen to while trying to win a few extra bucks. The ones heard in the background are irritating enough, but when the moronic chatter is directed right to your face it’s enough to make you choke someone.

This post details 5 things that all casino gambling fans are sick of hearing. If you’ve already been bombarded with these clichés over the years, then you have my sympathy.

For those who are just starting their gambling careers, get ready to hear these phrases until you’re blue in the face.

1. “This game is rigged.”
Let’s get something straight: casino games are not rigged. Sure, the rules may ultimately favor the house, but they’re also clearly printed for the customer to read.

The idea that the casino would cheat in the middle of play is ridiculous, and it’s one of the most common things that losing gamblers tell themselves. This allows them to take the blame off themselves for their perceived misfortunes.

If you do nothing else, don’t delude yourself into thinking that you’re being cheated. Just admit your role in the process and take your losses like a man (or woman).

2. “The drinks are free around here. Yes!”
Whenever I hear this, I try to get away as soon as possible. These words are usually spoken by someone who loves alcohol, and those free drinks will soon leave them sloppy drunk and wanting to strike up a conversation with their neighbor (in this case, you).

They don’t seem to realize that everything the casino does is for a purpose. When you have too much to drink, your brain ceases to work as effectively. When that happens, your ability to make decisions is adversely affected.

All of these factors add up to an advantage for the house. While you’re chugging down imported beer, the casino is lifting your wallet and quietly removing the contents.

3. “Hey, pal, can I borrow $5? I’ll pay you back after I win.”
No matter how bad your losing streak gets, you should never, ever ask a stranger to lend you money. Not only is it rude, it also puts the other person in an extremely uncomfortable position.

Still, I bet this has happened to me at least six times over the last decade, and I still remember every one of those cringe-worthy moments. At least you can turn down a homeless person while walking in a particular direction. In this kind of situation, you’re a sitting duck with nowhere to run to.

The only time I broke down and floated a loan was to an attractive thirtysomething female, and I still kick myself for that decision. As you might have guessed, I never got reimbursed.

It’s like feeding monkeys at the zoo. Give food to one, and the other will come running. The best policy is not to do it. After all, it’s a casino and not a soup kitchen.

4. “The smoke doesn’t bother you, does it?”
I always cringe when I’m playing slots and a blue-haired old lady sits down next to me. It’s not because I have some beef with seniors, it’s just that I’m fearful they’re a smoker. If they are, you can bet they’ll be fishing out a cancer stick within minutes of their arrival.

I’ve dealt with asthma ever since I was a child. I’ve got a minor case, but it can be aggravated by exposure to certain types of chemicals. Cigarette smoke is definitely on that list.

While I hate for someone to ask if smoke bothers me while I’m obviously turning blue, at least they have the courtesy to inquire. The people I really hate are the ones who sit down and intentionally blow it in my direction.

Here are just some of the chemicals found in cigarette smoke, as well as other places these same ingredients are located:

Butane – rubber cement
Tar – used to pave roads
Arsenic – rat poison
Ammonia – household cleaning products
Methanol – rocket fuel
Acetone – nail polish remover
5. “Time for another trip to the ATM.”
If I had a quarter for every time I’d heard this phrase uttered in casinos…well, I’d have a helluva lot of quarters.

Some players approach the casinos like maniacs, betting outrageous sums of money without even understanding the proper strategy for their game of choice. When they inevitably run out of money, their solution is simple: head back to the ATM machine.

Not only is this stupid, but it’s also a good way to end up with a drained bank account. This is exactly the reason why casinos place ATM machines around in the first place.

It’s also a total slap in the face to the concept of bankroll management. The objective is to play only with the money you can afford to lose, not dip into savings that are being held aside for food, rent, and your child’s college education.

Conclusion
Gambling at the casino can be tough, as a winning streak can quickly turn into a living nightmare. It’s all part of the game, though, and experienced gamblers learn to take the good with the bad.

While players can get used to the ups and downs of gaming, there are some phrases and clichés that are likely to set off even the most seasoned pro. Yell one of these at Doyle Brunson the next time he putters by on his scooter, and he’s likely to try and run you over.