BitDice was one of the early Bitcoin gambling portals that opened its doors to gamblers in 2014. They lay claim to several firsts in the Bitcoin gaming industry: the first to get a licence (as BitDice Casino SLR in Costa Rica), the first to to implement WebSocket technology for fast bet speeds and mobile-centric gameplay and the first to implement the Kelly Investment system.
So it was a little surprising for us to find that the site was not very populated when we entered, with just over 20 players online and a chatroom that didn’t seem very active.
Nevertheless, live stats of bankrolls and profits plus a sizeable max payout of over 80 BTC shows the financial strength of BitDice. Complemented by a variety of rewards that increase with player loyalty, it’s certainly one of the more attractive options out there.
One of the oldest sites claiming to be the first licensed Bitcoin implementing Kelly Investment.
Large >80 BTC max payout, significant bankroll (>3,600 BTC) with investment option.
Good leveling system that improves cashback, rain, daily rewards and faucet.
Four major cryptos accepted.
House edge can get as low as 0.84% at max level.
Anonymous play possible, or choose heightened security.
BitDice was the first to implement the Kelly Investment system (a system that attempts to maximise profits against the risk of loss) and continues to accept investments to its bankroll that currently stands above 3,600 BTC. You’ll earn 70% of the commissions from profits as an investor.
You can also leverage your share of investment, choosing a Kelly factor as low as 0.5x or up to 3x.
Deposits and Withdrawals
There are currently four cryptos that are accepted at BitDice: Bitcoin, Dogecoin, Litecoin and Ethereum Gambling. With the exception of ETH that requires 5 confirmations before you can play with deposits, all other cryptos only require 1 confirmation.
There are no limits for deposits or withdrawals and you pay a standard fee of 0.002 BTC (200,000 satoshi)/0.002 LTC/0.002 ETH/2 DOGE for withdrawals. Cashout amounts that exceed the Hot Wallet balance require a waiting time of up to 24 hours.
Research shows that there used to be other varieties of games on BitDice in the past, and the website also indicates other games in development. But at time of writing, there were only two main provably fair games that you could play at BitDice: the ever-present Dice game that you wins you between 1.01x to 990,000x payout and BlackJack. Betting speeds are decent enough on autobet; they do increase with higher wager amounts.
House edge is set at a decent 1%, but you can get it lowered all the way to 0.84% if you attain the highest player level. 1% of this house edge goes towards a Jackpot that you can win by rolling 77.7777.
There are also about 50 slot games provided by Endorphina and GameArt, although some don’t seem to load properly when we tested.
Like most casinos building a community base, BitDice has a Player Level system that increases over time depending on you cumulative wagers. This has multiple benefits: higher faucet claims (it starts at 250 satoshi), better Treasure Chest rewards (claimable once a day), increased Loss Back (from 0.007% to 0.1%), increased Bet Back (from 0.003% to 0.05%) and increased rain amounts from the ChatBot.
Rewards are paid out in BitDice Points (1 point equals 1 mBTC) that can be exchanged for BTC or spent to participate in random promotions.