After Black Friday put a massive dampener on the growing online poker industry, a shining light of hope has been found in the last few years.
Cryptocurrencies have skyrocketed in popularity and usage, and online gaming providers have been some of the first to innovate with crypto and jump on the trend. Bitcoin, the most popular and widely used crypto, has become a frequent payment method in casino games and online poker, creating exciting avenues in the industry.
You can find exclusive BTC casino games, which give power back to the player as transactions go between them and the gaming or poker operator, and no middleman. This article will look into the world of crypto online poker and how you can get prepared to crush crypto poker games.
The Positives of Playing Online Poker with Bitcoin
Anonymous and Secure
The big clear winner for using Bitcoin in online poker is how it gives its players anonymity and security. By operating through Bitcoin, online poker players do not have to divulge their personal details or financial data, just their BTC address. This anonymity is precious and appealing to high-stakes players who would rather play online poker anonymously. Bitcoin’s blockchain technology also “cleans” the transaction process and ensures no wrongdoing or tampering.
Quicker and Cheaper Transactions
When you process payments, transactions can be done within minutes instead of days, and the lack of intermediaries takes away fees usually involved in traditional payment methods. Online poker players can enjoy the fruits of their labor without fearing huge fees. If they are smart with fiscal management, they can avoid lefty gambling taxes by operating through cryptocurrency.
Provably Fair Online Poker
BTC casino games and online poker often use provably fair algorithms, meaning all players can check that the games are fair. The transparency of the outcomes gives clarity and ensures the games are not rigged and operate through randomness, which should be the standard for online gambling. There have been examples of rigged poker games, especially in the unregulated and unverified online poker app world, where runouts were adjusted and predetermined.
How to Win in Crypto Online Poker
Understand Poker Fundamentals
Before jumping into the crypto online poker action, you should become fluent in the fundamentals. Firstly, looking at some of the game’s basic rules and concepts is a solid start. Look at preflop ranges, understand how to play post-flop, and familiarize yourself with a game theory optimal (GTO) approach. By doing these three things, you can mitigate many unavoidable losses and become a winning online poker player.
Create an Online Poker Bankroll
One of the biggest downfalls of most online poker newbies is not having enough money to play poker with. Strong bankroll management is a crucial foundation for success, as volatility and variance in online poker can present swings in your winnings and losses. On top of this, the swings with cryptocurrency should mean you have an established and purposed crypto poker bankroll with a certain amount of Bitcoin to play online poker with. If you want to be smart with your bankroll, follow these heuristics:
- A recreational, fun player – 15 – 30 cash game buy-ins, 25-50 MTT buy-ins.
- An aspiring poker pro – 40-60 cash game buy-ins, 80-100 MTT buy-ins.
- A full-time poker pro – 100-150 cash game buy-ins, 150-200 MTT buy-ins.
The bankroll requirements differ due to how easily you can replenish your roll. You can be more aggressive with your games if you are a fun player. An aspiring player should lean towards stricter bankroll management to grow it slowly and avoid big risks. At the same time, a full-time poker pro relies on income from poker and should have a bankroll to adjust for any future variance.
Adjust to Online Poker
Playing online poker with Bitcoin can differ significantly from playing your usual $1/2 live poker games in your local cardroom. Players should adapt their strategies for online play, which is widely considered much tougher than live poker. This can mean you opt for less calls preflop, defend the big blind tighter, have a tighter preflop range, and more. Online poker games move much faster, and play is often more aggressive online. Since players cannot see each other for poker live reads, you will often find strategies and concepts at the game’s forefront.
Use Online Poker Tools
Struggling to get a win rate in your online poker games? Many online poker resources can help you crush online crypto poker cash games and tournaments! An excellent starting tool is an online poker HUD, which gives you statistics and analysis on your play and lets you track hands to see where your biggest leaks are. You can also use a solver to run different poker situations and know the optimal outcome, as well as poker trainers to gain that edge when you play for real money.
How to Find the Best Online Crypto Poker Games
When you search for the best online crypto poker operator, you need to create decision criteria for picking a site to play on. You need to investigate the poker site’s reputation, the type of poker games on offer, the user experience and software, and the security measures in place. A sneaky way to enhance your experience is to note their bonuses, promotions, and rake back schemes – this can save you hundreds of dollars in the long run.
Online Bitcoin poker has many advantages; most notably, you can get past annoying poker regulations and play with whoever and whomever you want. You can get into the best online poker games and not have your security or privacy risk. Use this article to excel in poker fundamentals; set yourself an outline on how to level up your poker game and crush those Bitcoin online poker games!
