Depositing through conventional payment methods using fiat currencies typically requires the involvement of a third party. Not just this, you will also have to give up some of your details to bring the transaction into effect. By implication, your financial transactions, especially deposits cannot be confidential. Thankfully, betting with Bitcoin, Ethereum, Litecoin, Dogecoin, and other cryptocurrencies has ushered in a new era of rising change and comfort in anonymous deposits. You can now deposit at betbit.com and other crypto operators anonymously. Since crypto makes for direct peer-to-peer financial transactions, only two parties are required to effect payments. Third parties like financial institutions, governments, and other forms of intermediaries are no longer needed. This creates the ideal setup for anonymity and privacy. One of the biggest objectives of blockchain technology is cheaper and instantaneous transactions, whether domestic or cross-border. This is why making withdrawals with crypto is great as they are instant. Of course, this is an exclusive preserve of crypto gambling platforms like Betbit Bitcoin Casino. Indeed, the involvement of a third party is the reason withdrawals at casinos and sportsbooks get delayed. Since blockchain technology eliminates the need for these third parties, this leads to faster payouts. This also means gamblers don’t need to pay fees or commissions to have their withdrawals processed. By implication, this allows you to spend more time exploring the robust assortment of games at the iGaming site instead of waiting pointlessly for payments to be effected. Once you register on a crypto casino or sportsbook, you will most likely be entitled to a bonus package as a new member of the site. This is known as the welcome or signup bonus. For instance, Betbit gives its new players a welcome offer of 100% up to 100 mBTC on their first deposit. Playing with cryptocurrency doesn’t disentitle you from enjoying good bonuses and promotions. At bitcoin operators, there are different categories of bonuses you can claim provided you meet the attached terms and conditions. Some of these bonuses and promotions are:

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Actual win vs theoretical win in online casino

The actual win in an online casino refers to the amount of money that the casino has actually earned from players during a specific period of time, while the theoretical win is the amount of money that the casino can expect to earn based on statistical probability.

The actual win is calculated by subtracting the total amount of money paid out to players as winnings from the total amount of money wagered by players. This provides the net revenue for the casino over the specific time period being analyzed.

The theoretical win, on the other hand, is calculated based on the house edge and the total amount wagered by players. The house edge is the mathematical advantage that the casino has over players for a particular game, and it is usually expressed as a percentage. The theoretical win is calculated by multiplying the total amount wagered by the house edge.

While the actual win and the theoretical win are related, they may not be the same due to the random nature of gambling. In the short term, the actual win may be higher or lower than the theoretical win due to factors such as luck and variance. However, over the long term, the actual win should approach the theoretical win as more bets are placed and the law of large numbers comes into play.

Online casinos track both actual win and theoretical win to help them manage their operations and make decisions about which games to offer, how to set betting limits, and how to optimize their revenue. By comparing the actual win to the theoretical win, online casinos can determine whether a particular game is profitable or not and make adjustments as necessary.

Enjoy online casino games in betbit.com.

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