Games of luck are the most popular gambling games in both online and offline casinos. These games allow the players to win big if they are lucky enough and they are easy to learn and play even if you’re new to betting.
A Plinko Bitcoin game is one of those games that are based on luck alone and that provide an exciting and fast-paced experience. The game has an interesting background and it’s quickly become one of the go-to games for those who bet crypto and enjoy games that require little effort on the part of the players.
What is the Plinko Game?
Plinko is a pricing game originating from the popular TV show – The Price is Right. The game starts with one single chip that the player releases from the top of the board and lets it fall and hit many pegs that will lead it to the bottom side of the board. The player wins an amount based on where the chips will fall.
Online Bitcoin Plinko doesn’t have actual chips. Instead, the outcome of each turn is determined by a random number generator. That means that each turn is randomized and there’s no way to guess how the game will turn out.
Where to Play Plinko?
Plinko has gained popularity recently as it’s an easy and fun game and there’s a somewhat nostalgic feel to it. There are betting sites that have a section dedicated to it and there are Plinko sites that offer nothing but different variations of the game.
Plinko can be played on a desktop or a mobile device and most players prefer to play it on a phone. Bitcoin payments can also be made using a mobile device only, allowing the players to both add funds and make wagers using their phones only.
What are the Odds?
Since the outcome of a Plinko game is determined by a random number generator, it’s possible to determine the exact odds of winning. Plinko sites are obligated to be transparent with the players and to provide this information to anyone playing the game.
The odds will always be somewhat in favor of the house, as that is the nature of any gambling game. Players should compare the different versions of Plinko games and choose the ones that have a better “return to player rate”. This refers to the amount the player will get back compared to how much they wager.
Setting up A Budget
One of the most important strategies the players implement to lower the risks of playing Plinko is to set up a budget stop loss. That’s the amount they are ready to lose. Once you go through your budget, you should step away from the game and cut your losses.
Online Plinko games that use cryptocurrencies as payment methods allow the players to automate the process. The account will sign you out automatically and it won’t allow you to sign in again, once you’ve reached the limit.
Betting Strategies for Winning at Plinko
There is no strategy that can help you win at Plinko every time. In the long run, the players will actually end up losing more than they’ve wagered, as the game has an edge in favor of the house. There are, however, strategies that help you bet in a way that lowers the risk.
Similar strategies exist for any game of luck and they are mostly based on increasing your bet so that you recover your losses with each win. These strategies aren’t perfect since a player can lose countless times in a row and go through their budget quickly.
Martingale Strategy
Martingale strategy is the most common betting strategy used to bet on games of luck. The strategy is simple and effective in what it does. The players set up a baseline bet and double it every time they lose. Once the player wins, they revert back to the initial bet. The goal of this simple strategy is to use every win to recover the losses you’ve made during a bad streak.
The biggest downside of the Martingale strategy is that no crypto player can double the bet indefinitely. After a while, you’ll run out of money.
Reverse Martingale Strategy
A reverse Martingale strategy is another common strategy used for the Plinko game as well as other Bitcoin games of luck. The process is the same as with the original version and it works on the same principles. The only difference is that the player doubles the initial bet when they win and returns to the base bet when they lose.
The same issues also appear with the Reverse Martingale strategy. No player can keep doubling their bets every time they win or they’ll run out of money after enough turns.
D’Alembert Betting Strategy
D’Alembert is somewhat confusing for new crypto players and some don’t try it at all as it seems too complicated for a novice to use. It’s a mistake to do so since the strategy works on the same principles as the ones we mentioned. As is the case with Martingale, the strategy can be used on equal money payment bets only.
The main difference between the Martingale and D’Alembert is that the player decides on the amount and they increase the bet by that amount every time they lose. The goal is to recover the losses, but not to burn through the budget too quickly.
Parlay Strategy
Parlay strategy is similar to Martingale strategy but it’s made for those players that don’t like to take big risks. The same principle applies as with the reverse Martingale, the players double the bet every time they win, rather than when they lose.
The main difference is that the bet isn’t doubled every time. Instead, there’s a limit that the players set after they return to the initial bet. For instance, if you win 3 times in a row you start the process all over again.
Don’t Chase Your Losses
Many players try to chase their losses after a few bad turns in Plinko games. This is a common mistake and it happens with other games of luck as well. Players often feel they are due for a win after a few bad turns and keep betting in order to recover their losses. However, the game is based on a random number generator and there’s no pattern in how it will turn out.
That’s why it’s best to exercise impulse control and stick to the crypto budget that you’ve set up for yourself regardless of how many times you’ve lost.
Conclusion
Plinko games are based on luck and can be played for traditional fiat currency or while using Bitcoin as a payment option. The outcome of the game is determined by a random numbers generator meaning that a player can’t do anything to affect its outcome. There are however strategies that can help you increase your chances or at least limit your losses.
The most important of these is about knowing what the odds actually are and knowing when to stop betting. There are also betting strategies that allow the players to recover their crypto/Fiat losses by increasing the size of the bets exponentially.
