Provably Fair Gaming, Powered by The Blockchain

Provably Fair Gaming, Powered by The Blockchain

Likely you have heard of online casinos? Well let me tell you, they are busy. In fact, eGaming income has climbed from $465.76 billion in 2020, to $516.03 billion in 2021, and the market shows no signs of slowing with the expectation of a jump to $674.7 billion in 2025.

Online casinos allow players to access a huge range of games, both interactive and virtual from the comfort of their own homes. So all is well. Or is it?

Online casinos come with many downfalls. Just ask their users. Ever had the feeling that when using your bonus credit, you can’t help but win? And then once you switch to your own money, your luck runs out? The pricing mechanism behind Casinos are questionable at the best of times. 

But not only that, with online casinos, you need to register to start playing. That requires your email, password, payment details, and personal user data. All of which is stored on the operator’s servers. A prime target for cyberhackers. And that’s it, you’ve given up your personal data to be further monetized by the casinos as they see fit. They can sell your data to third parties, and pretty much drive you mad by non-stop contacting you to redeposit.

Step up Bitcoin Casinos

Their modus operandi is to offer secure financial transactions and complete anonymity to the users.  The difference with Bitcoin casinos is that they are usually based on the blockchain and their payment systems are crypto-based.  One example of a Bitcoin casino is FortuneJack whose proposition revolves around the pillars of Fairness and Security. They, like their counterparts, promise secure financing systems, coupled with the provable fairness that will eliminate any seeds of mistrust out of the minds of players. And they don’t sell your data, know why? Because they don’t store it.

Casinos like these, bring all the best elements of online casinos and then blend those with crypto-powered gambling, whose best features lie in safety of transactions, and complete anonymity for users, who rather than registering their details, simply have to supply the casino with their wallet address.

Open Ledger For Transparency

The open ledger nature of the blockchain means all transactions are entirely authenticated on the blockchain. This is not subject to tampering by either the casino themselves or outside forces and is unimpeachable to the hackers

This is just good common sense and why Bitcoin casinos like FortuneJack ensure “probably fair gaming”

What is Provably Fair Gaming?

As you would expect, when using Bitcoin to gamble with you, you don’t work on trust with your casino. No, the entire transaction is trustless, meaning the game and outcomes are transparent. This is because of the way Bitcoin casinos use cryptography where transactions occur on the open ledger and can be verified by you in real-time.

This is done in 3 ways:

  • Random Number Generators
  • Seed Generators
  • Hashing

Random number generators generate millions of numbers each second to decide game outcomes randomly.

With Bitcoin gaming the casino is not in charge of the outcome, instead Seed generators will create the numbers which are fed into algorithms.

Finally, Hashing is the way a long string of data is transformed into a shorter one encrypting the number such as the seed number, meaning it is uncrackable and untameable.

The Steps for Provably Fair Gaming

Here are the steps every bet goes through to ensure it is provably fair as verifiable by the player.

  1. A seed number is generated by the site, this is hashed and sent to the player
  2. The player adds his or her own seed
  3. The bet plays out.
  4. Then the player gets the seed used in the bet
  5. He can verify the bet and If any interference has taken place, the hash function would not be verified, and the player would know.

Latest related offers

bet365’s ITV Racing 4/1 Offer

Expires: N/A
ITV Racing 4/1 Offer
Back a winner at 4/1 or more and get a risk free bet on the next live ITV race (up to £50) at bet365.
Offer applies to first single bet placed. Applies to Win and Each-Way Fixed Odds markets and Enhanced Place Terms markets only. Bet restrictions and T&Cs apply. New and eligible customers only.

18+ only /BeGambleAware/ Bet Responsibly. This is an advertisement.

bet365 Horse Racing Betting Offers

Available to all new and eligible bet365 customers…

bet365 Horse Racing Betting Offers

Available to all new and eligible bet365 customers…

How it works:

  1. Place a Win or Each Way single bet at odds of 4/1 or more on any horse running in a race televised live on ITV Racing.
  2. If your first single bet on that race wins, you will qualify for a risk free bet to the same stake (up to £50*) on the next race broadcast live on ITV Racing.
  3. Place your risk free bet using existing funds and if the bet loses we will refund your stake (up to £50*).
  4. If your risk free bet also wins at odds of 4/1 or more, you qualify for a risk free bet on the next race televised live on ITV Racing.
    *or currency equivalent
Significant Terms and Conditions
  • This offer is only available to new and eligible customers.
  • This offer applies to the FIRST single bet placed by a customer on each race shown live on ITV Racing.
  • This offer will not apply where a stake has been fully Cashed Out. Where a stake has been partially Cashed Out, any refund amount or subsequent risk free bet amount will be equal to the remaining active stake.
  • If a qualifying bet is edited using our Edit Bet feature, any refund amount will be equal to the new stake and not the original stake. Where a risk free bet is changed using Edit Bet, no refund will be given and the offer will no longer apply.
  • Where more than one selection in the same race is placed on the same bet slip, the first selection is deemed to be the one which is highest on the bet slip.
  • Offer applies to bets placed on Win and Each Way Fixed Odds markets and Enhanced Place Terms markets only. All other markets, including adjusted place terms (Each Way Extra), Ante-Post bets and Tote/Pari-Mutuel/Colossus (bets and dividends), are excluded from this offer.
  • Bets must be placed in the usual way and can be paid for from either your Withdrawable Balance or Bet Credits. Bets placed from your Withdrawable Balance will be refunded to your Withdrawable Balance and bets placed using Bet Credits will be refunded as Bet Credits.
Full Terms and Conditions
Qualifying
  1. This offer is only available to new and eligible customers. You can see a full list of your available offers by logging in and selecting the Offers section on mobile or the Promotions section on desktop. bet365 maintains a record of customer contact in relation to eligibility for offers and this record, including the date and time of any restrictions being imposed, will be final in the event of any dispute.
  2. Offer applies to the FIRST single bet placed by a customer on each race broadcast live on ITV Racing following the final declarations. Where more than one selection in the same race is placed on the same bet slip, the first selection is deemed to be the one which is highest on the bet slip. Offer applies to bets placed on Win and Each Way Fixed Odds markets and Enhanced Place Terms markets only.
  3. Maximum risk free bet amount is £50* per customer, per race. Risk free bet winnings exclude stake. Bets must be placed in the usual way and can be paid for from either your Withdrawable Balance or Bet Credits. If your risk free bet loses, your stake will be refunded to your account within one hour of the race finishing. Bets placed from your Withdrawable Balance will be refunded to your Withdrawable Balance and bets placed with Bet Credits will be refunded as Bet Credits.
  4. In the event of ITV Racing not showing all races live, risk free bets will stand as per the bet365 ITV Racing 4/1 Offer Race Schedule advertised on site.
  5. If you back the winner of the last ITV Racing 4/1 Offer Race on any day, your risk free bet will be the first bet you place on the next ITV Racing 4/1 Offer Race to take place.
  6. If you are entitled to a risk free bet and ITV Racing broadcast an additional race then this will be added to the ITV Racing 4/1 Offer Race Schedule, so your risk free bet will be the first bet you place on this race.
Restrictions
  1. Adjusted place terms (Each Way Extra), Ante-Post bets and Tote/Pari-Mutuel/Colossus (bets and dividends), are excluded from this offer.
  2. Adjusted place terms (Each Way Extra) markets refers to prices which do not match the Win and Each Way market displayed in the Fixed Odds tab on the racecard, either because the price has been taken from the Each Way Extra tab or the place terms for the bet have been adjusted via the bet slip. Bets placed at such terms will not count for this offer.
  3. The 4/1 limit refers to the adjusted odds after any dead-heat, Rule 4 or unnamed joint/co-favourite. If your risk free bet is an Each Way selection that is placed, and the return on the bet is less than the total stake, we will refund the difference between your return and the total stake. If your return is greater than the total stake then no refund will be given.
  4. This offer only includes races broadcast on ITV Racing unless otherwise stated by bet365.
  5. This offer only applies to bets placed via mobile, tablet or desktop. Bets placed using our Telephone Betting service will not qualify for this offer.
  6. Where you are unable to place the maximum risk free bet amount due to restrictions on your bet, we will credit the difference between the maximum risk free bet returns and your actual returns.
  7. This offer will not apply where a stake has been fully Cashed Out. Where a stake has been partially Cashed Out, any refund amount or subsequent risk free bet amount will be equal to the remaining active stake.
  8. If a qualifying bet is edited using our Edit Bet feature, any refund amount will be equal to the new stake and not the original stake. Where a risk free bet is changed using Edit Bet, no refund will be given and the offer will no longer apply.
  9. This offer is only available to customers residing in Great Britain and Republic of Ireland.
General
  1. Where any term of the offer or promotion is breached or there is any evidence of a series of bets placed by a customer or group of customers, which due to enhanced payments, Free Bets, risk free bets, Bet Credits or any other promotional offer results in guaranteed customer profits irrespective of the outcome, whether individually or as part of a group, bet365 may reclaim the enhanced payment, Free Bet, risk free bet or Bet Credit element of such offers and/or void any bet funded by the Free Bet or Bet Credits. In addition, where there is evidence of such activity, bet365 may levy an administration charge on the customer up to the value of the Bet Credits, Free Bet, risk free bet or enhanced payment towards the administrative costs incurred in identifying and taking action against the activity.
  2. bet365 may reclaim any bonus amount, Free Bets, Bet Credits or enhanced payments that have been awarded in error.
  3. All customer offers are limited to one per person. If bet365 has reasonable grounds to suspect that the bonus or offer is being claimed by or for the benefit of the same person more than once or by a group of people then it may withdraw the availability of any offer or all offers to that customer or group of customers and/or void any bet funded by the bonus or offer and remove any winnings from such bet.
  4. bet365 may, at any time, make minor amendments to this promotion to correct typographical errors or to improve on clarity or customer experience and may cancel this promotion for legal or regulatory reasons.
  5. Employees, officers and directors of bet365, its promotional or other agencies, licensees and licensors, service providers and any other associated or affiliated companies shall not be eligible for the promotion. The same terms shall apply to the direct families of such persons. This is an advertisement

This is an advertisement.

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bet365 Bore Draw Moneyback

Expires: N/A
T&Cs apply 18+ Only /BeGambleAware

bet365 Betting Offer

NEW AND ELIGIBLE CUSTOMERS ONLY

bet365 Betting Offer

NEW AND ELIGIBLE CUSTOMERS ONLY

Significant Terms and Conditions

  • This offer is only available to new and eligible customers.
  • This offer is available pre-match on every game for Half Time/Full Time, all Correct Score and all Scorecast markets. If the game finishes 0-0, we will refund your stake if the bet loses.
  • Bets placed from your Withdrawable Balance will be refunded to your Withdrawable Balance and bets placed using Bet Credits will be refunded as Bet Credits.
  • This offer will not apply where a stake has been fully Cashed Out. Where a stake has been partially Cashed Out, and the match finishes 0-0, only the remaining active stake will be refunded.
  • If a qualifying bet is edited using our Edit Bet feature prior to kick-off and the match finishes 0-0, only the new stake will be refunded. Where a bet has been edited to include or amend a selection for an event that is In-Play, the offer will no longer apply.

Full Terms and Conditions

Qualifying

  1. This offer is only available to new and eligible customers. You can see a full list of your available offers by logging in and selecting the Offers section on mobile or the Promotions section on desktop. bet365 maintains a record of customer contact in relation to eligibility for offers and this record, including the date and time of any restrictions being imposed, will be final in the event of any dispute.
  2. This offer is available pre-match on every game for Half Time/Full Time, all Correct Score and all Scorecast markets. If the game finishes 0-0, we will refund your stake if the bet loses.
  3. In multiple bets the selection will be treated as a non-runner.
  4. Where this offer is applied in conjunction with a Bet Builder bet, and the match finishes 0-0, the stake of the Bet Builder bet will be refunded if one of the selections in the bet is a Correct Score or Half Time/Full Time market.
  5. Bets placed from your Withdrawable Balance will be refunded to your Withdrawable Balance and bets placed using Bet Credits will be refunded as Bet Credits.

Restrictions

  1. This offer will not apply where a stake has been fully Cashed Out. Where a stake has been partially Cashed Out, and the match finishes 0-0, only the remaining active stake will be refunded.
  2. If a qualifying bet is edited using our Edit Bet feature prior to kick-off and the match finishes 0-0, only the new stake will be refunded. Where a bet has been edited to include or amend a selection for an event that is In-Play, the offer will no longer apply.

General

  1. Where any term of the offer or promotion is breached or there is any evidence of a series of bets placed by a customer or group of customers, which due to enhanced payments, Free Bets, risk free bets, Bet Credits or any other promotional offer results in guaranteed customer profits irrespective of the outcome, whether individually or as part of a group, bet365 may reclaim the enhanced payment, Free Bet, risk free bet or Bet Credit element of such offers and/or void any bet funded by the Free Bet or Bet Credits. In addition, where there is evidence of such activity, bet365 may levy an administration charge on the customer up to the value of the Bet Credits, Free Bet, risk free bet or enhanced payment towards the administrative costs incurred in identifying and taking action against the activity.
  2. bet365 may reclaim any bonus amount, Free Bets, Bet Credits or enhanced payments that have been awarded in error.
  3. bet365 may, at any time, make minor amendments to this promotion to correct typographical errors or to improve on clarity or customer experience and may cancel this promotion for legal or regulatory reasons.
  4. Employees, officers and directors of bet365, its promotional or other agencies, licensees and licensors, service providers and any other associated or affiliated companies shall not be eligible for the promotion. The same terms shall apply to the direct families of such persons.

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