BITCOIN CRASH GAMES 2021 & Crypto Crash Casinos
Bitcoin crash is one of the most unique and iconic crypto games.
Find all Bitcoin crash casinos offering the crypto crash games listed here.
Not many casinos offer their own Bitcoin crash, so I listed all that do here along with their welcome bonuses.
This page contains affiliate links. Read about affiliate disclosure.
WHAT IS BITCOIN CRASH?
Bitcoin crash is one of the most iconic crypto games that’s still mostly found only in Blockchain and crypto oriented online casinos.
In crypto crash you have a multiplier that starts at 1.00x and then grows exponentially with time. The multiplier can usually reach any number up to 1000x, but it depends on the game. At some point the multiplier stops growing – crashes – hence the name of the game.
And this is the most unique part of Bitcoin crash. You don’t bet on any specific outcome but decide when to cashout when the multiplier is still growing or risk losing it all if you wait to long. When the multiplier crashes, all bets that haven’t been cashed out, automatically lose.
Of course, the probability to crash at higher multipliers is inverse proportional to the multiplier. That means that higher multipliers are much rarer events than lower numbers.
WHY NOT JUST CASHOUT AT 1.01x EVERY TIME?
This is a very interesting question that is very often asked when talking about Bitcoin crash game outcomes and probabilities.
And the short answer is: as much as it seems contra-intuitive, crypto crash has a house edge as well, meaning whatever you bet, the house has the upper hand. Even at 1.01x.
Here’s how it works:
The formula for the multiplier is 0.99*E/(E-H)
where E is the maximum possible multiplier and H is any number between 0 and E-1 and basically represents all possible events that can happen.
An easy example is if E is 10, then all possible events and multipliers are:
Of course, in reality E is much much larger, so you can get all possible multipliers in between those numbers, but the probability distribution is the same.
As you can see, 5 out of 9 events fall under 2.00x multiplier (disregarding the H=0 event which won’t occur). That shows that lower numbers will occur much more frequently.
If we were to write the sequence for larger E, you would see that you would get many multipliers between 1x and 1.01x. For example, for E=100 we already get 2. Now, if you were to cash out at 1.01x every time, you would be successful in all events but those 2. That means you would win (100-2)*0.01 times your bet or 0.98 times your bet. The problem is that you would lose the other two, that is 2 times your bet. So your outcome would be 0.98-2 times your bet or -1.02 times your bet. In reality that means you lost your entire bet.
Don’t get me wrong, hitting a large multiplier and cashing out is a very viable option! But this is a game of chance like any other casino game. Good luck!