MegaDice Casino Review

About MegaDice

MegaDice began life as SatoshiDice, the name the company began trading with in 2012. The casino was named after the smallest unit of bitcoin, the satoshi, with a value of 0.00000001 BTC. The concept of the site was simple enough, that bitcoin users could bet on the roll of a dice, winning or losing almost instantaneously. Since this dice roll was based on a random number generator which all users could access, the site was provably fair. SatoshiDice became a huge success and in June 2013 Erik Voorhees sold the site for $12.4 Million US dollars. Ironically, MegaDice is not available in the US due to gambling laws.

How it Works

Betting on MegaDice is based on a few sliders which determine exactly how much is being bet on each roll of the dice and on which numbers of the dice roll the punter is betting upon. The numbers the dice can land on is between 0 and 65,535, or to put it another way, the dice has 65,535 sides. Here are some practical examples of how this works.

• Betting 1 BTC on the dice rolling a number less than 32,768 gives the punter a 50% chance of a win, with a 1.982x win multiplier. This gives a return of 1.982 BTC.

• Betting 1 BTC on the dice rolling less than 6,552 gives a 10% win chance with a 9.91242x win multiplier. This returns 9.91242002 BTC.

• Betting 1 BTC on rolling less than 58,981 gives a 89.99% win chance with a 1.10114x win multiplier returning 1.10113725 BTC

It is also possible to automate the dice rolls and the conditions under which bets are placed with MegaDice. You can even have the game reset your betting amounts based upon whether your previous roll was a winner or loser and have this fully automated as well. Obviously there are different strategies to how to best walk away with a winner and plenty of advice online about how to do so.

MegaDice Cashout

Since MegaDice is based around the concept of gambling bitcoin it is a completely bitcoin specific platform and does not accept other currencies or payments which use traditional payment methods. It is safe to say your Visa, Mastercard and Paypal services are truly useless at MegaDice. On the plus side, because this is bitcoin your payments and withdrawals will be lightning quick, occasionally in seconds but at a maximum you should see your winnings in your bitcoin wallet within 20 minutes.

If you don’t currently have any bitcoin you can always buy some, but the first step is to get yourself a bitcoin wallet. This is the equivalent of a bank account for your bitcoin. Two of the most popular options are Coinbase and Electrum, but there are a multitude of options available. The important thing to remember is that a software based wallet is more secure, so if protecting your money is of paramount importance it is probably better to look at a software based option.

Online Slots Too

Although the bulk of the betting which takes place on MegaDice is in the form of bitcoin dice bets there is also the option to play a range of online slots and games as well. New titles on MegaDice include Mayana and FairyGate with further titles including Sticky Bandits, Dragon Shrine and Hot Sync. The bulk, if not all of the titles appear to be provided by the developer Quickspin. MegaDice also offers some completely unique and exclusive slots including Satoshislot which is the original bitcoin slot.

Some Other Features

As MegaDice is an unusual site there are a number of idiosyncratic offerings to be enjoyed. One of these options is to play as the house, bankrolling the casino with your own bitcoin. Whenever a gambler wins or loses you get a share proportional to your percentage of the house bankroll. They say the house always wins, so how could you lose? Well, there are risks so you need to be aware of these.

MegaDice uses a 0.9% house edge and backers receive exactly 50% of house wins or losses. If the house was to make a big loss while you were backing it and then further large backers were to add bitcoin to the house bankroll this would significantly dilute the value of your shares in the house bankroll. The house cannot choose when to play so if player activity was to decrease for any reason it would then take significant time for you to make return on your investment.

MegaDice in Conclusion

MegaDice is a fairly unusual site in that although it is an online casino, it is also very different to 99% of the other casinos you will find online. The site is austere, has no chirpy cartoon characters and no introductory sign-up offers either. In that regard it might be a bit of a relief to both your eyes and ears. Although a casual glance may give the impression of MegaDice being a deeply complicated site it is in fact incredibly easy to operate and to understand. A variety of sliders sets the bet amount and what numbers you are betting on and the potential returns and the risk of your bet is calculated instantly. Although the site also has slots on offer this is one site that is most definitely about the single core game of dice betting.

The other great plus of MegaDice is that once you have become accustomed to using and dealing with bitcoin, claiming your wins is incredibly simple and easy. Most online casinos take days to pay out winnings and often demand photographic ID, confirmation of address and sometimes even a photograph evidence of the payment card as well. MegaDice is fast, totally secure and you have your winnings in minutes. In this regard it leaves all other casinos out in the cold.