Category Archives: Gambling

Bitcoin Casinos Are About to be Really Popular

Not all that long ago, bitcoin had a reputation as something of interest for the tech geeks and criminals of the online world. It was an interesting side-note in a world of ever-expanding tech ideas, but little did most foresee just how quickly bitcoin was about to take off.

Bitcoin went through more than a few extreme fluctuations in value relative to “real” currencies, but it never quite managed to fold outright. Bitcoin just continued humming along and picking up users along the way. Eventually, someone decided to start a bitcoin gambling site. It’s difficult to determine which was the first, but the first one I and many others ever stumbled across was SatoshiDice.

Seeing the success of SatoshiDice and general uptake of bitcoin, a few US-facing gambling websites opted to begin accepting deposits and paying withdrawals via bitcoin transactions. Unfriendly gambling laws have been causing all kinds of payment processing headaches, but bitcoin operates outside any government’s banking system. Thus, we got the first full-fledged bitcoin casino sites.

Licensed Online Casinos Adopting Bitcoin

This past July, the UK Gambling Commission updated its Licensing Conditions and Codes of Practice to include bitcoin as a “cash equivalent” that may be accepted by licensed operators. Soon after, NetBet became the first UK-licensed operator to begin accepting bitcoin payments. It is probably only a matter of time before other online casinos follow suit.

The thing to remember is that UK operators serve a wide range of countries just like casino online mobile malaysia. While a gambler from the UK might see bitcoin listed as a deposit option and think “that’s neat,” a Russian gambler might actually rely on bitcoin due to the government imposing restrictions on all other payment methods.

Now there is word that the Malta Gaming Authority may be the next regulator to take up the bitcoin issue. As more regulators get on board, it will only speed up the adoption of bitcoin for gambling.

Of course, challenges remain. Some nations have reacted to bitcoin with hostility and suspicion to the idea of a decentralized currency free from the manipulation of government bureaucrats. China, Italy, Iceland, Russia and a handful of other countries have either banned bitcoin outright or seem to be strongly considering doing so.

The thing is, bitcoin casinos are going to be very difficult to regulate. The currency itself is beholden to no government, and its staunchest supporters tend to be very privacy-oriented. If a gambling website in one country is happy to accept bitcoins from, say, a Russian gambler, the Russian government is going to have a hard time stopping that from happening. There will be setbacks but over the long run, I believe bitcoin gambling is just getting started.

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How To Deal With Gambling Addiction

Gambling addiction is not a joke. It is a serious condition and if you let it be, there is a good chance it can not only ruin you, but also your family. By addiction, it means you are unable to function physically without it, and therefore require money to sustain it. You are always thinking about it and you don’t care anymore if you have used money that is supposed to be for your family. 

While the first step is certainly to seek help, if you need to gamble, you can do it more responsibly in an slot casino online Malaysia. This way, you will be safer, and your family will be safer as well. With an online casino, you won’t have to risk yourself going home very late at night and it makes it easier to monitor your usage and restrict it as required. 

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Continuing to gamble with an addiction is not beneficial, but if you choose to it will be hard to break free. it is not impossible though, especially if one will just follow the following tips:

  • Most of the time, a person wants to gamble to unwind, as one turns to alcohol or smoking for relaxation. So, if you notice that every time you are stressed, you are right away tempted to gamble, you should plan ahead how to deal with it in other ways. Yes, there are just so many ways to deal with stress and it does not have to be gambling.
  • If you are in a tight budget, you can instill in your mind that you don’t have extra money to gamble and that gambling means losing. Some resort to gambling thinking they can earn big bucks that way, but we all know that is not the case. Most of the time, gambling means losing hard earned money. 
  • Try to think of what triggers your need to gamble. This way you can avoid them or next time, you can be ready once it will happen. You also need to think that if you are determined, you can do it. Yes, you still control yourself and therefore, while addiction is an illness, you are ultimately in charge of the choices you make.
  • Analyse what the results of your gambling could mean to your family adn to yourself. You can even exaggerate it so that you will really be motivated to stop it. So that your mind will be able to support what you want to do. 

By helping your journey with addiction it means you get to try other fun activities aside from gambling! Talk to people who may be helpful on your journey and remember that you are not alone in your battle against it.