MegaDice began as a bitcoin dice gaming site but has now evolved into a full-fledged bitcoin casino. Previously known as SatoshiDice, MegaDice is an online casino that specializes on bitcoin. The site is dark and austere in style, resembling a currency trading website more than the great majority of online casinos. MegaDice is unlikely to ever replace your grandmother’s favorite bingo site.
The top page is mostly dedicated to presenting the current dice rolls, which allows users to see a slew of competing players and their current standings. This page may be toggled to display a variety of different bet types, ranging from those betting less than 0.01 BTC to those betting up to 1 BTC at a time. Additional tabs provide access to information on large victories, unusual wins, winning streaks, losing streaks, and the leader board.
MegaDice originated as SatoshiDice, the name under which the firm began trading in 2012. The casino is named after bitcoin’s smallest unit, the satoshi, which is worth 0.00000001 BTC. The site’s idea was straightforward enough: bitcoin users could wager on the roll of a dice, gaining or losing practically instantly. Due to the fact that this dice roll was based on a random number generator that was accessible to all users, the site was provably fair. SatoshiDice was a big success, and Erik Voorhees sold the website for $12.4 million US dollars in June 2013. Ironically, MegaDice is not accessible in the United States of America owing to gambling regulations.
How it Operates
Betting on MegaDice is based on a few sliders that govern how much money is staked on each dice roll and on which dice numbers the punter is betting on. The dice may fall on any number between 0 and 65,535, or in other words, the die has 65,535 sides. Here are some instances of how this works in practice.
With a 1.982x win multiplier, betting 1 BTC on the dice rolling a number less than 32,768 provides the punter a 50% chance of winning. This results in a profit of 1.982 BTC.
Betting 1 BTC on the dice rolling fewer than 6,552 results in a 10% win chance multiplied by 9.91242x. This generates 9.91242002 bitcoins.
Betting 1 BTC on a roll of fewer than 58,981 results in an 89.99 percent win probability and a 1.10114x win multiplier, which results in a return of 1.10113725 BTC.
MegaDice also allows for the automation of dice rolls and the parameters under which bets are made. You may even have the game automatically adjust your betting amounts depending on whether your previous roll was a winner or a loss. Obviously, there are other techniques for walking away a winner, and there is plenty of information available online on how to do it.
Cashout from MegaDice
Due to the fact that MegaDice is founded on the notion of bitcoin gambling, it is a bitcoin-only platform that does not accept other currencies or payment methods. It’s fair to state that your Visa, Mastercard, and Paypal accounts are completely ineffective at MegaDice. On the bright side, since this is bitcoin, payments and withdrawals will be lightning fast, sometimes in seconds, but at the most, your wins should be in your bitcoin wallet within 20 minutes.
If you don’t have any bitcoins yet, you may always purchase them, but the first step is to get a bitcoin wallet. This is the bitcoin equivalent of a bank account. Coinbase and Electrum are two of the most popular solutions, although there are plenty more. The critical point to remember is that a software-based wallet is more safe, thus if preserving your money is a priority, it is usually best to use a software-based wallet.
Additionally, there are online slots.
While the majority of betting on MegaDice occurs in the form of bitcoin dice bets, there is also the ability to play a variety of online slots and games. Mayana and FairyGate are new titles on MegaDice, along with Sticky Bandits, Dragon Shrine, and Hot Sync. The majority, if not all, of the titles seem to be developed by Quickspin. Additionally, MegaDice provides many fully unique and exclusive slots, including Satoshislot, the first bitcoin slot.