Today, most online casino players prefer using Bitcoin to fund their gambling activities for many reasons, including anonymity, optimum security, low fees, and fast transactions.
But for most other people, especially beginners, getting started with Bitcoin casinos in the Philippines is never that easy. Of course, it makes perfect sense if you consider that not many people are familiar with this new gambling trend.
Otherwise, here is an expert guide to getting you started on your Bitcoin casino gambling journey in the Philippines.
Pick an Excellent Bitcoin Casino Site
While endless Bitcoin casinos exist in the Philippines, not all deserve your time or money. Some are reputable establishments—but a few of their counterparts are shoddy sites hell bent on ripping off customers. So don’t join the first BTC casino you come across. On the contrary, research extensively and vet every site before signing up.
Begin by reading online reviews at dappGambl Philippines. Go a step further and sieve through the options by considering features like guaranteed anonymity and sign-up bonuses. Also, prioritize finding sites with extremely low transaction fees and instant transactions.
There are also some red flags to keep a keen eye on. Common red flags to watch out for include a lack of required licenses and unclear private policies. Also, if you come across an establishment offering unrealistic bonuses and rewards, like a 500% deposit match offer, be suspicious and do some extra digging. Finally, watch out for customer support issues, like unresponsive or rude staff.
Practice Before Risking Your BTC
Bitcoin is costly. Presently, 1 BTC costs 1.5 million PHP. And the price is expected to rise due to various factors, including limited supply, market sentiments, and global speculation.
Since BTC is quite pricey, taking every measure necessary to ensure you don’t lose all your crypto prematurely is advisable. Start by practicing easy casino games for beginners, like roulette, casino wars, and blackjack. Use a demo account to practice and improve your gameplay.
If you want to improve with time, kick off with the most straightforward option today: slot machines. Slot games mostly rely on luck, so you don’t need any skills or expert strategies. You can use slots to learn to work within your budget and control your emotions.
After mastering slot machines, move on to games incorporating a touch of skill, like roulette, then work your way up. Remember, learning is often a slow, painful process. Don’t rush things; invest as much time and energy as possible. And don’t stop learning until you’ve gained all the skills needed to make winning decisions.
Set a Fixed Budget
Any form of online gambling can cripple your finances and lead to a vicious cycle of poverty. The chances of that happening are significantly higher in people who risk resources they can’t afford to lose and still lose them anyway.
If you don’t want this fun activity to lead to financial ruin, budget well. A reasonable budget will enable you to control your spending and avoid debt. While budgeting, allocate a bankroll for your activities and use it to buy BTC.
And if any issue makes you lose the allocated digital coins prematurely, like high-risk bets or a stroke of bad luck, don’t make impulsive decisions. Take a break and clear your mind. Above all, don’t borrow money and use it to replenish your bankroll because this can cause a vicious cycle and, ultimately, financial ruin.
Put Your Emotions on Check
One of the gravest mistakes you can make while playing online BTC casino games is getting too emotional. Being excited and happy after a winning streak is okay and deserved. Moreover, excitement and thrill can be great motivators.
But you should avoid excessive emotions and negative feelings like anxiety and frustration because they can cloud your judgment and lead to costly errors. One issue that often arises from uncontrolled emotions is chasing losses, a usually easy way to run through your bankroll and accumulate debt.
To prevent emotions from negatively affecting your betting experience, practice rational thinking. Avoid being impulsive when gambling, and prioritize sound, logical reasoning. Also, identify, accept, and analyze emotions as they surface. Don’t suppress them because they’ll eventually bubble to the surface and wreak havoc. Most importantly, learn healthy ways of coping with emotions.
Set Firm Loss Limits
A loss limit enables you to control your losses. You can set loss limits for different periods, from a day to a year. Several hacks can help you set reasonable limits. Start by assessing your financial position and determining the crypto amount you are willing to lose over a predetermined period. With this information, you’ll be better positioned to set realistic limits.
Additionally, ensure you set your loss limits before going on a gambling spree, not during or after. Don’t risk your BTC without a solid plan and a firm limit because, in the heat of the moment, you may forget yourself, make impulsive decisions, and suffer significant losses.
And don’t stick to one loss limit. Over time, make changes to accommodate your financial position and gambling goals. But you shouldn’t use this opportunity to shun accountability or overreach your budget. If you modify loss limits whimsically, you will fall victim to irrational gambling behavior and heavy losses.
Ready to Enjoy Bitcoin Casino Games?
If you want to play Bitcoin casino games and profit accordingly, there are endless things you must do. First off, you must find a good gambling site that can guarantee quality service. Some of the factors to consider in making this choice include online reputation and licensing. Then, use a free demo account to practice before risking your resources.
Once you’re ready to play a real-life game, set a gambling budget and loss limits, and stick to them religiously. Never ignore these two aspects because they protect you from crippling losses. Lastly, learn to control your emotions and never let negative feelings get the best of you. Good luck.