With the expansion of crypto and Bitcoin casinos, we have learned a new term that is very important for players. We are talking about the Provably Fair term. But what does playing provably fair games mean? Weren’t all casino games already provably fair?
In this guide, we will focus on what provably fair is, how this applies to different games and why it is important to search for games that are provably fair. We will also focus on other discussions related to this term, as it became almost a standard for many Bitcoin casinos online.
📢 Provably fair explained
Let’s now focus on what the term provably fair means. This is a new way for casinos to offer fair games to players. Rather than simply controlling the probabilities of a specific game with a closed and hidden algorithm, the casino offers games that can be checked and verified as fair for users.
For example, if you are playing a casino game with an RTP of 96%, you should expect to lose 4% of your bets in the long term. But how can you know that the result of each spin is fair and not coded inside the math of the game? It is just up to you to believe the casino that they are being fair with you.
Trust, in the cryptocurrency market, is a very important thing. The goal is to reduce the trust that we have in others. Decentralization in the blockchain space made it possible for users to rely on decentralized networks rather than on centralized parties, which might not always share the best information.
Thus, provably fair games and algorithms rely on decentralized sources of information that would let users enjoy a fair experience when playing at crypto casinos. Additionally, this is information that can be checked at all times, which makes the whole process even better for users.
Usually, provably fair games are present at Bitcoin and crypto-focus casinos. This is because there are some games that could rely on information provided by blockchain networks to produce results, among other data sources.
There is currently a wide range of games that are currently relying on decentralized sources of information to produce provably fair results for players. If you have the possibility to choose between a provably fair and a not provably fair game, the best thing you can do is to choose the former.
It is worth taking into consideration that provably fair games do not mean that the house edge will be on your side. Casinos do have a house edge and they will use all the tools available to make it as large as possible. However, provably fair games would make the whole results transparent, knowing that they cannot be changed by the casino, even if they want to.
If you know the RTP and the information they share, then, you should trust the results provided. Moreover, you can also verify the results, which makes the whole experience even more transparent for users. Basically, trust becomes a key value at casinos that are offering provably fair games. Users will now be sure that there is no involvement from the casino in the outcomes of a specific game.
💡 How to verify provably fair games?
The goal of playing provably fair games is for the user to be able to literally verify that the results are fair. But how to do so? How to properly verify provably fair games? There are some ways to do so, depending on the type of system that the game and the casino offer.
For example, casinos could offer games that rely on random number generators, seed generators, or hashing. Every single game and casino decides which type of solution to use.
Thanks to hashing, it is possible for the users to prove that a specific game has been provably fair. This works thanks to casinos sharing this information with users. Every single time that you play a game, then a seed number is created. These seed numbers would be used by the player in further steps to confirm that the game has been fair.
Once the player has this seed number, he would have to add it to the seed that he owns. During the game, the player would be able to place bets. Thus, the whole betting process remains the same even without the player knowing they are playing a provably fair game.
However, as soon as the results of the bets have been decided, then it is possible to check and confirm that they have been provably fair. In order to do so, they would receive from the casino the seed that they used in the bet. The hash function would then be verified by the player.
It would be very easy to check if there are inconsistencies with the results shared by the casino platform. For example, if you see that the information shared by the casino does not match the seed that you had, then this should be considered a red flag.
This would show that the casino is now using a provably fair approach even when they are promoting it. You should always check the comments to make sure that the casino was not lying about their provably fair games.
The goal is to create a situation in which the players feel that they can trust the casino that they are using to play their favorite games. This is why it is so important for a casino to focus on offering provably fair games that they cannot manipulate or control as they please.
🎲 Which games can be provably fair?
There are several games that are currently being offered by casino platforms that will offer you a provably fair experience. We are talking about some of the most popular games that are chosen by Bitcoin and crypto lovers. These games include Dice, Plinko, Crash, and several slots provided by some software developers.
These games would be one of the best options for you if you want to play provably fair games at online casinos. You can be sure that these games are fair and that the probabilities of winning cannot be influenced by the casino. This is why it is so important to play these types of games, you do not need to trust a third party with the results they share.
Bitcoin Dice would let you select a number between 0 and 100 and there will be a random number generated by the casino. You can bet that the randomly generated number would be between the number you selected and 100. If that’s the case, your bet will be multiplied x times depending on your risk.
Bitcoin Crash would offer a different experience. By using hashes, a multiplier will start running. The longer the multiplier runs, the larger your reward is expected to be. You can decide to withdraw your bet as soon as the multiplier starts running. If you let the multiplier run for a long time, then it would “crash” and you will lose your initial bet.
Bitcoin Plinko is a game in which probabilities are also applied. The goal is to hit the largest multipliers shared by the game. Small balls will start falling from the upper side of the screen and they will follow a specified path according to probabilities. It will be harder to reach the highest multipliers.
Thus, there is a large number of provably fair games that are currently offered by cryptocurrency casinos. It is up to you to make sure that they are provably fair. Remember that you can always check the information provided by the platform and check that the results are fair.
💻 Can a provably fair algorithm be hacked?
It is not currently possible to hack a provably fair game. The odds are that you will lose against the house edge, but neither you nor the casino will have the possibility to change the probabilities of having a randomly generated result.
As we previously discussed, provably fair games follow different procedures to guarantee the fairness of the results. But could they really be hacked? It is impossible to hack these sources of data that casinos use to provide provably fair games.
We are talking about using blockchain hashes or randomly generated numbers. The casino cannot control these outcomes, thus, it becomes very positive for users to play these types of games. However, there are some things that casinos can do in order to profit from provably fair games.
For example, a casino platform could have a large house edge, which would reduce your winning chances, even if you are playing a provably fair game. Moreover, the casino could have some types of promotions and welcome bonuses that would push you to wager more funds than what you would want.
There are different ways in which the casino could take advantage of you. Despite that, using a provably fair game would let you be sure that you are playing with a fair algorithm. This would let you plan your strategy and enjoy a good time at an online casino.