why do gambling sites use bitcoin

This depends on your country of residence. Most regions have no specific legislation on gambling online with bitcoin because it is so new. In these instances, bettors should follow their country's general legislation with online gambling. https://ezwinncasino.com/ and sportsbooks will block users from specific countries. While this can be bypassed with VPN blockers, eWallets based in jurisdictions with strong regulations will close accounts found sending funds to gambling sites in these areas. Bitcoin gambling sites also take a lower cut of the winnings than a Las Vegas Casino would, said Satoshidice founder Erik Voorhees, in an email. SatoshiDice’s house edge is about 1.9 percent. Just-Dice is only 1 percent. “A Vegas casino game might have a house edge of 10%,” Voorhees said. “This means that if you’re going to gamble, it’s far smarter to play SatoshiDICE than a Vegas casino.”