What is Provably Fair Gambling?

Everyone wants to game at fair, trustworthy, and reputable online gambling sites, especially when it comes to Bitcoin gambling. Therefore, it is important to examine the overall reputation of an online casino. Fortunately, the crypto gaming industry has introduced a way to establish a game’s fairness. This is facilitated through the Provably Fair Technology, which is the crypto-only feature.

This technology eliminates the need for a third party to ensure transparency and game integrity using robust encryption. Also, Provably Fair technology allows real-time monitoring of the results. But, what is Provably Fair gambling precisely? Continue scrolling to learn what it is and its benefits.

What is Provably Fair Gambling and How Does It Work?

Provably fair gaming involves the process through which a gamer can verify that the results of a particular game have been fair in real time. This means that an online casino cannot cheat a player since the game’s results are verifiable, transparent, and provable.

Provably fair games are built on open-source algorithms and operate on smart contracts platforms. Thus, no online gambling site can alter or modify the game’s results. Besides, games of these smart contracts are managed by programming code, thus giving no chance for a casino to change a bet’s result. Cryptocurrency casinos typically use this technology.

Provably Fair gaming utilizes three pieces of technology, including hashing, seed generators, and random number generators.

Hashing involves the transformation of an extended string of data into a shorter string. In the context of Provably Fair technology, when a seed number is hashed, it is encrypted.

Seed generators: these develop the numbers which are fed into the algorithms, thus determining the outcomes. In provably fair gaming systems, players add a seed number guaranteeing that the casino is not in control of their game results.

Random number generators, on the other hand, generate countless numbers in billions or millions per second and determine the game’s results.

Benefits of Provably Fair Gaming

Transparency

This involves one of the most common reasons you should play Provably fair games. Before this innovation, players had very low chances of determining whether the casinos were fair. However, with the introduction of blockchain technology, you can now check and verify the results of each bet.

Guarantees Great Features and Game Quality. 

Typically, provably fair games involve numerous features that players receive at standard online casinos. These include free spins, welcome bonuses, cashback, VIP programs, promotions, and loyalty systems.

Privacy

Generally, any player can game by depositing their chosen cryptocurrency, such as Ripple, Ethereum, or Bitcoin. Thus, you do not have to reveal personal, confidential, or credit card details.

Eliminate Third Party Auditing

Another benefit of Provably Fair gaming is that they eliminate third-party auditing testing labs. This means that each game is certified by blockchain technology.

Higher RPT

Typically, the RTP involved in each game influences the probability of winning. The good thing is that provably fair games provide 99% RTPs, thus a 99% chance of winning.