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How to Win Twice with Crypto Casinos: The Play and Hodl Strategy

How to Win Twice with Crypto Casinos: The Play and Hodl Strategy

Is now the best time to transition from traditional online casinos to modern Bitcoin casinos? If the latest Bitcoin price surge is anything to go by, then it’s a resounding yes from us. We’ve been in casino gaming for more years than we care to remember. We were there when Crypto casinos burst onto the scene, and we’re honest enough to admit that the first few out of the gate weren’t up to scratch.

Fortunately, times have changed. Sites such as 21Bit Casino and Slots Paradise now rival the top real-money online casinos in terms of games, features, and security. Matching modern casino sites in these areas is a notable achievement. Real-money gambling sites like Energy Casino have been around since 2013. They’re built on trends and principles established over 20+ years of feedback.

Crypto casinos have been around for less than a decade. More importantly, they’re based on innovative blockchain technology that only came to the fore in 2009. As such, developers don’t have as much information to base their ideas on. Therefore, if today’s Bitcoin casinos can match their real-money counterparts, it’s an achievement.

Is It Time to Try Bitcoin Casinos?

The point we’re getting at is that we’ve changed our opinion on crypto gambling sites. They’re now worth our time and your time. What’s more, because they utilize blockchain technology and smart contracts, Crypto casinos are better at processing payments and offering fair games than a lot of fiat casinos.

You’ll be familiar with a lot of what we’ve just said if you’ve read our crypto casino reviews. If not, you’ve now got a general overview of crypto casinos and how they’ve evolved. Giving you some context is important, but let’s get back to our original question: is now the best time to try Bitcoin casinos such as bets.io? The simple answer is yes. These sites are packed with games, features, and promotions.

Bets.io Crypto Casino

Beyond that, the recent bull market has renewed the hype around Bitcoin casinos. That’s promoted the top operators to flood the market with bigger and better bonuses. For example, you can get a 100% match bonus worth up to $1,000 when you make your first crypto deposit at 21Bit. Similarly, if you join bets.io, you’ll get up to 1 BTC and 10% cashback every day.

If promotions aren’t enough to pique your interest, here’s something you might not have thought about. You can win twice when you play casino games and crypto prices are surging. We need to caveat this with the fact that wins aren’t guaranteed in gambling. Making the right moves doesn’t always yield a positive result, so you need to take this into account before we expand on our point.

Win Twice with Cryptocurrency Casinos

Play Crypto Casinos OnlineNow that’s clear, let’s explain what we mean by winning twice when you use crypto online casinos. The first way to win is by matching the right symbols in slot games such as Gemmed or hitting 21 in blackjack. The second way you can win is by depositing funds to your crypto casino account. It’s that simple. If you’ve got BTC, ETH, or any cryptocurrency in your casino account and prices are bullish, just sit and wait.

The natural price movements within the market can increase the value of your bankroll without you doing anything. It’s also true that the value of your bankroll could decrease if the price of the cryptocurrency you’re using drops. Either way, significant price fluctuations can and do happen within the crypto world. You don’t see the same level of volatility in fiat currency markets.

For example, you wouldn’t expect to deposit £100 at one of our recommended UK online casinos and see the value of GBP jump 10% overnight. In the crypto world, this is more than possible. That’s why we’re advocating the Play and Hodl strategy (hodl = hold on for dear life). Again, we’re not promising you’ll always make a profit. However, the volatility of crypto markets means it’s possible.

Play, Wait, and Win More

OK, so how do you do it? Put simply, you need crypto in your casino account. You can either use it to play games or sit and wait. Then, when the time is right, you can make a withdrawal, convert your crypto to fiat money, and make a profit. Let’s illustrate this point with a quick example.

  1. You 21Bit Casino and deposit $500 worth of BTC (approx. 0.0075 BTC in April 2024).
  2. You play a few games and win $50 worth of BTC (approx. 0.00075 BTC in April 2024).
  3. Your balance is now $350 (0.00825 BTC in April 2024).
  4. You do nothing for a month and the price of BTC goes up 30%.
  5. You still have 0.00825 BTC in your Rolletto account. However, it’s no longer worth $550. Instead, it’s worth $715.
  6. You make an instant withdrawal, convert your BTC to USD, and, just like that, you’re up $215.

That’s the power of the Play and Hodl strategy. Again, it’s entirely possible to lose money if the value of your chosen cryptocurrency drops. However, as we’ve seen over the last decade, the value of popular cryptocurrencies such as BTC and ETH has increased over time.

Savvy gamblers base their decisions on long-term EV (expected value). Put another way, they look at the expected outcome of an action over time and make a move if it’s likely to yield a positive result. Bitcoin and Ethereum have shown that, over time, their value increases. This makes play-and-hodl a potentially profitable strategy.

Then, if you add in a steady stream of casino bonuses and a bit of good fortune, there’s a ton of potential out there. So, if we piece all of these elements together, the answer is clear: yes, now is a great time to make the move from real-money online casinos to Bitcoin casinos.

Top 5 Best Crypto Casinos for 2024

CASINOSREVIEWSBONUSESPLAY
21Bit - Best Online Casino
REVIEWUP TO AU$1,100 & 275 FREE SPINSVISIT CASINO
T&Cs Apply
Bets.io Casino Review
REVIEWCashback up to 20% DailyVISIT CASINO
T&Cs Apply
Casino4u
REVIEW100% WELCOME BONUS UP TO €100 & 100 SPINSVISIT CASINO
T&Cs Apply
Joo Casino
REVIEWUP TO €450 BONUS & 150 SPINSVISIT CASINO
T&Cs Apply
FastPay Casino Review
REVIEWUP TO €100 BONUS & 100 SPINSVISIT CASINO
T&Cs Apply

 

Always Play Responsibly

The Play and Hodl strategy might not be suitable for everyone. We’re big advocates of responsible gambling here at NewCasinos.org. That’s why we urge you to think carefully before trying any gambling strategy. Basically, as long as you play within your limits, crypto casino gaming is highly entertaining and, best of all, potentially profitable.

5 Apr. 2024, by

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