If you are just starting to get acquainted with the world of cryptocurrency gambling, it would be wise to learn the basics. Cryptocasinos or online cryptocurrency casinos work on the same principle as real-world casinos, but all the action takes place online and cryptocurrency is used as the currency for depositing, withdrawing winnings and placing bets.

A cryptocasino is a website that allows players to create accounts, deposit money in cryptocurrency and gamble online. At a bitcoin casino, you have access to slots, roulette, blackjack, baccarat, video poker and other types of games.

A cryptocasino hosts the games on its website, allows players to play them and deals with other issues including player account maintenance, payments, fraud prevention, customer support and so on.

Cryptocasinos rely on third-party companies for some aspects of their work:

First of all, we are talking about game providers.
Usually, cryptocasinos do not create games for themselves. This is done by specialised companies that first develop games and then submit them to various casinos. This is why you can find roughly the same set of games in different casinos regardless of whether they work with cryptocurrencies or traditional payment instruments. There are over a hundred casino game providers on the market today.
Payment providers.
Cryptocasinos are not linked to a traditional payment system and could, in theory, manage customer assets themselves. However, storing cryptocurrency is a responsible task that requires some specialisation. Otherwise, a casino runs the risk of losing huge sums - due to a hack or an oversight by its own staff. Therefore, most cryptocasinos use payment services that manage their cryptocurrency wallets.
How cryptocasinos work
POPULAR CRYPTOCASINO GAMES
At a cryptocasino, you can play the same popular games that are available at a casino on traditional currency.

Cryptocurrency slots
Slots include reels with different symbols. If the same symbols fall on the reels on an active line, the player receives a payout. The results of each game round in slots are determined by a random number generator, the work of which can not affect neither the player nor the casino. To play slots, the player usually just needs to press the button to spin the reels and wait for the result.
Roulette for cryptocurrency
The player places bets on numerical sectors from 0 to 36 or on combinations of them. The winning number is determined by means of a wheel and a ball spinning on it, which eventually loses momentum and drops into one of the pockets. The name of the game comes from the French word for "little wheel".
Cryptocurrency Blackjack
The game is played against the dealer using cards, each of which has its own value. The player's task is to collect an amount closer to 21 without exceeding this value.
Baccarat for cryptocurrency
A card game where the dealer deals two hands and the player can bet on either hand or a draw.
Video poker for cryptocurrency
A game based on card combinations from poker, but your opponent in this game is the casino rather than other players. You receive five cards and can trade any of them. The payout is determined by the level of the winning combination.
Games such as blackjack, roulette and baccarat are available at cryptocasinos in two formats:

Live games - take place in a video broadcast format with the participation of a human dealer;
Random number generator based - designed with the help of computer graphics, the computer is responsible for determining the results.
HOW CRYPTOCASINOS MAKE MONEY
Cryptocasinos make money due to a mathematical advantage over the player. All casino games are set up in such a way that the casino wins in the long run. For example, in roulette, the casino has a 2.7% advantage. That is, from every $100 bet in the long term, the casino will receive $2.7.

In the short term, it is possible for both the casino and the player to win. This is due to the volatility and unpredictability of the result of a single round. The casino's advantage is only a statistical value, while the results of a game session for an individual player can be different. Cryptocasinos have thousands of players, which allows their operators to take advantage of their statistical advantage and make almost guaranteed profits in the long run.

The difference between total bets and winnings paid out is called Gross Gaming Revenue (GGR). Cryptocasinos also have many additional expenses, including payments to providers and operational needs, after deducting which leaves a net profit for the online casino bonus.