Psychology in Blackjack

Have you ever been sitting a Blackjack table, and wondered if the way the cards fall affects the way people play their next hand?

We did. At our bitcoin Blackjack table, turns out, it does.

Measuring from over 30,000 bitcoin hands, we found players bet roughly 2% more, on average, after a loss.

Most players, myself included, like to occasionally “go-big” – At’s bitcoin casino, about 5% of bets have at least double the stake of their previous hand. They’re also roughly 3x more likely to double their bet after a lost hand – a likely sign of a betting technique called “Martingale“, in which a bettor simply doubles their stake after a lost bet.
Try our Blackjack for free, and see how you play.

Update – Suicide pool historical team selections is live!

Team selection for Week 3 closes at 8 PM EDT 9/19/13.

20 Teams left in Free 5 BTC League
4 Teams left in 2.5 BTC guaranteed “Small” league
5 Teams left in 5 BTC guaranteed “Big” league

Also, users can review previous selections by logging into, clicking Suicide Pool, then hitting the green button to view historical selections, which will include all previous weeks (but, not the current week – until team selection is closed).

We’re considering a round-2 mid-season game, if there’s enough interest!


Update: Parlays & Suicide Pool Week 3

Parlays are live for NCAAF and NFL. Next in line are MLB, Soccer, NHL, etc! 

-Work on our affiliate program is at the top of our priority list, but the latest focus has been on finalizing parlays and updating reduced juice, which will soon apply to all spreads.

For Suicide Pool : We’re working on a historical view for selections, and will correctly fix the remaining # of players left in the free league as soon as possible. (There are no issues in the paid league.) In the meantime, registration is open and live for Week 3. 

Bitcoins for Betting – Why use them?

Bitcoin Betting

The first question most ask me when I suggest ditching traditional online off-shore gambling venues in favor of bitcoin-based ones is simple: “Why?”

Lots of answers – Let’s get started.


No longer can the “house” ask for your identification documents in order to cash out, or ban you  after you start winning big. No longer can they easily restrict your bets, or leave your private details for unwanted eyes to see. Most bitcoin websites don’t require anything beyond a username and password – not even an email. Some even allow you to access your funds via a simple unique URL web address alone!


Have you ever found yourself on the wrong side of a bad online casino run, and wondered if you were just taken advantage of by an unfair random number generator? With provably-fair, a betting logic pioneered by bitcoin operators, you can verify mathematically you’re always getting a fair deal.

Also, since all transactions and balances are public on the blockchain bitcoin ledger, you can verify the house actually has the funds to back your bets, and is paying out other players.


Ever been charged $100 to withdraw your own money from an online sportsbook? I have. With bitcoin, transaction fees range from free to roughly a dime. This includes transfers in and out of your betting balance to your personal stash. For this reason, most players keep their funds in a secure personal wallet when they’re not playing – thus eliminating most risk of a site shutting down and running with their bankroll.

“Why not?”

So, should there be anything holding you back?

For most, the concept of bitcoin is pretty overwhelming at first. The best way to help someone start is by giving them a small amount of currency for free, and walking them through the process.

The main fear most new to bitcoin have is that the virtual currency will lose a significant part of its value before they have a chance to react. The user base and demand for the currency grows with each passing day, a reduction in trading price is always a possibility. The best advice I can give is to keep a watchful eye on the daily price and its movements, and if holding holding your balance in bitcoin (or “BTC”) makes you uncomfortable, simple sell your them into “Fiat”, or traditional currency, to be held on one of the variety of popular exchanges.. that is, until another bet calls your name!



CasinoBitcoin IVPO on Havelock Investments – Record Sell-Out! underwent it’s IVPO (“Initial Virtual Public Offering”) Tuesday on Havelock Investments, and sold out in less than 3 minutes – a record broken for Havelock.

We listed 3,000,000 units, a 10% float of our company’s total. 

57 buyers successfully got units at IPO. Within a few hours, the # of unit holders had increased to over 150, as lucky early buyers took gains on their purchase. We’re very excited about this, as even the most popular assets in the bitcoin world only have a few hundred holders, at most (example: AsicMiner on Bitfunder currently has 400 holders).

As our liquidity grows, we hope more will be able to share in’s success. Future potential for public units include a possible 5% IPO within 90 days (December 10th), plus the public release of pre-IPO investor shares on the following schedule:

a.   September 16, 2013: 1,125,000 units
b.   December 17, 2013: 750,000 units
c.   March 17, 2014: 2,625,000 units

All told, as many as 9,000,000 public units may exist on Havelock by next March – an exciting prospect for any trader.