Cryptocurrencies have become a key part of the gambling industry. They are well suited to it as they allow for easy fast payments and anonymous payments.
Plinko is a game of luck that was inspired by an 80s game show, but it’s made its way back to the world of online betting, partly due to the wide acceptance of Bitcoin payments.
In this article, we’ll explain how to play Plinko and go in-depth on how to choose the best Bitcoin Plinko sites. We’ll also lay out a few strategies on how to make smart bets and increase your chances of winning a Plinko game or at least how to limit your risks.
The Origins of Plinko
Plinko first appeared in 1983 as a part of the game show, Price is Right. It was a chip given to the players and it increased their chance of winning a prize. The chip was also a part of the mini-game that became a feature of the show.
The main point of the game is that once you start betting, you can’t stop until you win or lose.Bitcoin Plinko games, available today, are based on this game. It’s therefore a form of lottery, meaning that the players simply bet on an outcome without a chance of affecting it in any way.
How To Play
The players place a crypto chip at the table and wait for it to land on one of the areas. The area in which the chip lands we’ll determine the prize.
The bets are made before the chips rolle and the stakes are set by the casino. Both small-size and large bets depend on the casino and table you’re playing at.
The blockchain technology behind crypto makes these bets safe and automated as the funds are sent instantaneously as soon as the chip falls at the selected area. The bets can be automated as the player can repeat the same bet or set up a pattern of increasing wagers.
How To Win
Plinko is a game of luck. The only way to win is to be lucky and have the chip land in the right spot. With online Plinko games that use Bitcoin as a payment method, the outcome is determined by a random number generator.
These create random outcomes, so there’s no point in chasing your losses. There are, however, betting strategies that players use, to increase their odds and limit risks.
These can work, but they depend on the size of the betting budget a player has at their disposal. Keep in mind that in the long run, the odds will always favor the house.
Sticking to a Budget
The best way to mitigate risks is to set up a budget that you plan to set and stick to it no matter what. Once you reach that amount, you should log off and end the betting for the day. That way, you won’t be able to lose more than you planned to.
Online crypto Plinko games allow the players to automate this process. The player sets up a budget beforehand and the game locks them out of the account for a set period. That way you don’t need to rely on your determination.
Martingale Strategy
Martingale is a common betting strategy used to play Bitcoin Plinko games and other games of luck. The goal of this strategy is to recover the losses made in the previous turn by increasing the bet in the next one.
The player makes a double-or-nothing bet each time. They double the bet each time they lose and return to the initial bet, each time they win. That way each win recovers the previous losses.
The main disadvantage of this strategy is the fact that no player can double their bets forever. After a certain number of consecutive losses, you won’t be able to repeat the process.
Reverse Martingale
The goal of reverse Martingale is the same as with the original version. Crypto Plinko players use the strategy to recover their losses and incrementally increase their winnings. With reverse Martingale, the players double their bets when they win and return to the original bet when they lose.
The same downside also applies, since the strategy requires the player to double their bets when they are on a good streak. No player has the option to do so indefinitely.
How to Choose a Bitcoin Plinko Betting Site
Bitcoin Plinko sites have quickly become popular, as the game is simple to learn and it can provide big wins if you’re lucky and implement the right strategies.
Crypto and blockchain technology help make sure the bets are safe and payments are fast. Since there are a lot of crypto sites to choose from, it pays off to carefully study them and choose the one with a good offer that suits your betting style.
Proper Licenses
The first thing to look for in a Bitcoin Plinko betting site is the proper license and registration with the regulating government agencies. This proves that the betting site is fair and regulated. It also means that players can file complaints if something goes wrong.
Betting sites will boast about their licenses but there are also online reviews in which you can check if their claims are validated by the regulating bodies and the experiences of other players. Some unregistered betting sites offer huge bonuses and additional features, but it’s best not to take your chances.
Transparency
Plinko is a game based on a random number generator. This means that the volatility of the game and its return to player rate can be precisely calculated. The volatility refers to how risky the game is and the return to player rate signifies how much of the funds the player invests in a game, they get back through winnings.
The rate is always lower than 100 percent. Plinko betting sites need to be transparent about these figures, as they provide the player with accurate data allowing them to choose whether to use their services.
Customer Support
Even though Plinko is easy to learn and play, it helps if the betting site provides customer support, in case there’s a technical issue. The support should provide various channels through which users should be able to contact it. This includes emails, calls, and chats, at the very least.
It also means a great deal if customer support is available at all times and if it’s staffed by approachable experts. Online reviews can help Plinko players identify the gambling establishments that offer such a quality customer support service.
To Sum Up
Plinko is a popular betting game, based on luck. It originated in the 1980s and now it’s available online and uses Bitcoin coins as a payment method and a betting chip. The outcome of the game is determined by a random numbers generator and the game is similar to a lottery.
Players use a variety of betting strategies to lower the risks and limit potential losses. These are usually based on having a large betting budget in the first place. There are plenty of crypto betting sites out there and it pays off to carefully investigate and choose which one to use.
