Betcoin.tm

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Betcoin.tm Entertainment Network is a Bitcoin based gambling site, which uses the proof of work concept to allow the player to verify the game results. By giving players the ability to check the results immediately Betcoin.tm makes sure the players can see the games are fair right away. The sites homepage displays five different areas of play. Each area of play offers a different opportunity for gains, with different probabilities based on the users risk/reward preference. The BetCoin.tm Entertainment Networks current games include:

All games are played from a player account. The player can decide to either register an account with valid details or play anonymously. Either way all deposits are instant as well as withdrawals and players can check the results of the games instantly by clicking on the "proof" button. Betcoin.tm offers the highest instant payout in the world. Just a $15 bet can make you an instant millionaire with no questions asked! If you save the gaming addresses, you can play from anywhere, even if you're not able to access the site.

BetCoin.tm Dice

BetCoin.tm Dice. game has 27 different odds, ranging from a 97.6365% down to 0.0015%. To place a bet you can use the money you have on the BetCoin.tm website or you can fund your account with Bitcoins. After moving the slider to your desired win percentage you place your bet. When the lucky number is lower then the chosen number by you, you win a predetermined multiplication of your stake. This ranges from 1.004x your bet to a massive 64.003x your stake. All your winnings are immediately credited to your BetCoin.tm balance and can be withdrawn within seconds after winning.

BetCoin.tm Circle

There are 6 different wheels you can play on the BetCoin.tm Circle.. Each wheel offers different payouts ranging from a 2x multiplier of your bet to a 25x multiplier.

  • 2x
  • 3x
  • 5x
  • 10x
  • 15x
  • 25x

Once you have decided what wheel you want to go for, simply decide what amount you want to bet on each spin. You can select this amount based on percentage of your account balance or type the amount in yourself and you can modify the amount between every spin. To spin the wheel, simply click the center of it and start winning Bitcoin! The results are instant and all your winnings are added immediately to your balance. All winnings can immediately be withdrawn to your bitcoin wallet.

BetCoin.tm Casino

Below is a comprehensive list of games offerred in the BetCoin.tm Casino.. Keep in mind that you must be up to date on your Flash player in order to play!

For Roulette:

  • French Roulette
  • American Roulette
  • European Roulette


The Slots:

  • Desert Treasure
  • Lucky Blue
  • Princess of the Sky
  • Book of Pyramids
  • Platinum Lightning
  • Lucky Sweets
  • Sport Slots
  • Cerry Fiesta
  • Crazy Started
  • Hawaii Cocktails


Poker Machines:

  • Wild Texas
  • Jacks or Better


Poker Games:

  • Hold 'Em
  • Caribbean Poker
  • Let it Ride
  • Texas Hold 'Em
  • Oasis Poker
  • Trey Poker


Card Games:

  • Black Jack
  • Hi-Lo
  • Baccarat

You don't even need to deposit BTC to play these fun, engaging games.

Payout

BetCoin.tm uses an instant payout. If you win you will receive your profit instantly. Just wait for confirmation. All of the transactions are anonymous and the winning system is provably fair.

BetCoin.tm Reels

The BetCoin.tm Reels. game awards up to 888x your stake on any given spin. Apart of this huge win, there are a lot of smaller prizes to be awarded. Every reel consists of 8 different symbols and the reel size is 32 symbols. There are 5 winning lines and on every spin you can win on any (or all) of these lines. All winnings are paid from left top right apart of the Diamonds who pay criss-cross anywhere. After each spin winnings are immediately credited to your Betcoin.tm balance. In a normal casino reel game the payout is normally around 92% to 93%. Betcoin.tm Reels pays out at an astounishing 98.35%. You can directly influence the outcome of every single spin by setting the "client seed" which is used to determine the outcome of every spin. For more information on this please see the "provably fair" part below.

BetCoin.tm Prize

With BetCoin.tm Prize. you can participate in the biggest online Bitcoin lottery.


Purchasing tickets to the bitcoin lottery:

First you will need to pick which lottery you'd like to enter. There are lotteries taking place everyday, but some are multi-day lotteries.

  • 15 day lottery (Diamond)
  • 9 day lottery (Platinum)
  • 7 day lottery (Gold)
  • 3 day lottery (Silver)
  • 1 day lottery (Bronze)

The Bronze lottery concludes everyday at 8pm EST whilst a lottery like Diamond will conclude once every 15 days, which obviously means that there are more tickets and biger prizes up for grabs in the multi-day lotteries.

Every ticket costs 0.001 BTC and you can purchase as many tickets as you want.

Simply locate the bitcoin address of the lottery you want to play and send bitcoin from your wallet. You will receive a ticket to the draw for every 0.001 bitcoin that you sent. You can also add 0.00005460 to your send (which is only around $0.05 or 0.035 Euros) in order to receive a confirmation of the transaction.

You can buy tickets to one or more lotteries and then all you have to do is wait and see if you have the lucky ticket!


Jackpot

Every day BetCoin.tm adds FREE BTC from their own pocket to each of the jackpots. This is the jackpot seed. They also add 0.00082 for every ticket purchased (82% of the price) so the jackpots grow every time someone buys a ticket!

The holder of the winning ticket gets the Jackpot amount and the 100 players who bought the most tickets share 3% of the total of the jackpot seed and the amount purchased. This way you can get a prize even if you are not the main winner!

The best part is that BetCoin.tm Prize is a provably fair lottery. You can use the draw algorithm to verify that each winner was selected at random.

Provably Fair

Provably fair gaming systems is a recent development in the casino world and it emerged on the scene with online Bitcoin gambling sites. This system of proof of work outcomes relies on cryptographic hashing functions, which make it possible to turn data into a string, referred to as a hash. The purpose of the hash is that it irreversible and therefore can be shown to the player without the player being able to decode the original data. This allows the casino to prove to the user, once the game is concluded and the server seed revealed, that it did not change the original server seed through out the game.

BetCoin.tm uses hashing algorithm SHA265. Using this algorithm an initial hash is produced by combining a server generated seed and the initial array. This is essentially the houses shuffle. After this a Final Array is generated by combining a client seed and the initial array. This is the shuffle by the user. The client see is randomly generated and is open to direct change by the client. This way the user is can be certain of the authenticity of its random generation. The two seeds are used to calculate the result of the role. The server seed it then revealed to be verified by the client that it matches the hash.

   1.The server creates a secret random seed.
   2.The server seed is hashed and sent to the player.
   3.The player provides his own random client seed.
   4.The two seeds are used to calculate the result of the roll.
   5.The server seed is revealed, so the player can check that it matches the hash.

External Links

  • [1] The BetCoin.tm Entertainment Network
  • [2] BetCoin.tm Dice
  • [3] BetCoin.tm Circle
  • [4] BetCoin.tm Prize
  • [5] BetCoin.tm Reels
  • [6] BetCoin.tm Casino