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Ethereum Gambling Guide

Live games, such as Live Baccarat, have become increasingly popular at online casinos — including those which accept Ethereum (ETH) as a deposit option. Today’s Live dealer baccarat games are extremely well-produced and make the most out of modern technology, similar to what cryptocurrency and Ethereum are doing for money and finance.

In this article, we explain how Baccarat works and give you some pointers on how to get started playing it live. While it definitely helps to have some previous experience with Ethereum before getting started, we explain just about everything else you need to know in order to have a successful Live Baccarat gambling experience.

Baccarat explained

As played at online casinos, Live games attempt to recreate the experience of playing Baccarat at an actual, physical casino. They accomplish this by providing players with a live video feed of an actual dealer dealing cards in a studio that is arranged a bit like a real casino. The players use their keyboard or mouse controls to indicate the type of bet they would like to make, which is acknowledged by the dealer who then deals the cards.

Although there are several different variations of Live dealer baccarat that are playable with Ethereum, the basic rules of most games are as follows:

  • One player plays against a banker (dealer) in a contest to see who can score closest to 9 across 2 or 3 cards, with the “9” representing the last digit of the total value count across the cards.
  • For example, a 2 and 6 would equal a score of “8” whereas a 6 and 7 would equal a score of “3”. A 10 and King equals “0”, and an Ace and King equals “1”.
  • Each card is worth its numerical value, with Aces being 1 and face cards being 10.
  • If either player or banker gets an 8 or a 9, they win and the hand is over.
  • If a player has 0 through 5 (with 10 counting as 0), they draw another card. The banker has certain rules they must follow before drawing a third card, including standing on 7.
  • Bets can be placed on Player, Banker or Tie.

Because there is no action required on the part of the player, Baccarat games are predetermined from the start, and there is no possible strategy that can be employed in order to reduce the house edge. Betting on the player yields a house edge of 1.24%, whereas betting on the banker only has a house edge of 1.06% Wins for either pay 1:1 and ties pay 8:1. The relative simplicity and low house edge make Baccarat one of the most popular Live Casino games currently playable with Ethereum.

While most Live Baccarat tables will operate according to the rules and payout listed above, there are a few variants of the game available to Live Casino players. Most tables operated according to “Punto Banco” rules but occasionally Mini Baccarat (smaller table with direct deals, one-on-one play with banker), Speed Baccarat (shorter betting cycles), and VIP Baccarat (high stakes games for high rollers) can be found.

How can you start playing Live dealer baccarat games with Ethereum?

The first thing you’ll need to do to get started is to get a hold of some Ethereum (ETH). The easiest and safest way to do this is to sign up at a trusted cryptocurrency exchange where ETH can be purchased using a bank deposit, debit card or other cryptocurrency (such as BTC).

For those who would rather not go through the hassle of setting up an account at an exchange, peer-to-peer crypto purchasing sites like Paxful and CryptoLocally will act as escrow so you can purchase ETH directly from another person. Here, all sorts of payment options are available, such as PayPal, Western Union, and even gift cards.

The next step is to transfer your ETH from your exchange account or personal wallet to an online casino that offers Live games and accepts ETH as a deposit option. To do this, go to the Deposit page at the casino, open the Ethereum (or ETH) option, copy the deposit address, and paste it into your account or personal wallet as the recipient (destination). After being broadcast to the network, the transaction will likely take less than 20 seconds to confirm, and your casino account balance should be updated in a manner of minutes.

What are the pros and cons of playing Live Baccarat with Ethereum?

Pros:

  • Lightning-fast to send (confirms and is available in seconds or minutes, as opposed to BTC’s 10 minutes or the lengthy processing times for fiat deposits).
  • Cheap transaction costs (even though the Ethereum network is busier these days, ETH transactions are still usually under $1).
  • As the second most popular cryptocurrency, ETH is now carried by several crypto casinos and is relatively easy to purchase from crypto exchanges.

Cons:

  • Casino and game selection is somewhat limited.
  • It is difficult to purchase Ethereum (or other cryptocurrencies) in some parts of the world.
  • It is highly volatile as a currency and its price can be highly unpredictable.

What are the most popular Live game providers for Ethereum Baccarat?

Today there are several different software companies that create Live games for ETH Baccarat players, all producing their own Live Casino game studios, complete with Baccarat tables. Some of the most popular of these companies include:

  • Ezugi
  • Vivo Gaming
  • Playtech
  • NetEnt
  • Evolution Gaming
  • Microgaming

Depending on your country of residence (where your IP address is located), you may or may not have access to any or all of these providers, according to their individual terms and conditions when it comes to enforcement of jurisdiction-related rules.

How to choose the best Ethereum Live Baccarat

There are a number of important factors to consider when choosing an online casino at which to play Baccarat. In addition to having a decent selection of Live game options, they should have a fast, easy-to-use deposit and withdrawal system, good customer support that be contacted 24/7, decent welcome bonuses for live games players, as well as regular promotions for all players. Of course it’s also helpful if they have an intuitive graphical interface and make site navigation easy. They must obviously also accept ETH as a deposit option.

Perhaps the most important part of any online casino is its reputation. Ultimately, a casino is only as good as its ability to provide an honest gameplay experience and to process withdrawals in a timely fashion. A casino can have a great selection of games and bonuses but at the end of the day, if they won’t honor cashout requests then playing there will have been a complete waste of time. This is why it’s important to make sure you are depositing your coins at a reputable casino before getting started.

Ethereum Live Baccarat FAQ

Is Ethereum safe to gamble with?

Yes. As the second most popular cryptocurrency after Bitcoin (BTC), the Ethereum network is backed and secured by a tremendous amount of hash power. Ethereum itself has never been hacked; however, programs written on top of Ethereum (wallets, DApps, etc.) do occasionally get hacked if they were written in an insecure fashion. So long as you use a trustworthy casino and reliable wallet and know how to make a transaction on your own, gambling with Ethereum is entirely safe.

What are the risks of gambling with ETH?

Once you are generally familiar with how Ethereum works (how to make transactions and securely store it), the biggest risk of using ETH as a coin for gambling is the volatility of the price of ETH itself. The price of ETH can change quite a bit even over a short period of time, which means that casino gains are exponentially larger during a bull market and losses are exponentially larger during a bear market. The price of ETH can shift dramatically even during a single gambling session.

What are some of the safest exchanges from which ETH can be purchased?

Some of the biggest and most reputable cryptocurrency exchanges that carry ETH include Binance, Coinbase, OKEx, Bitfinex, Huobi, and Bittrex. These exchanges all have longstanding reputations as making the crypto purchasing process easy and safe. Most of these exchanges also offer a credit card purchasing option for those looking to purchase ETH in a hurry but safely.

Are there any Live dealer baccarat games that aren’t playable using ETH?

Not really. The only online Baccarat games not offered to Ethereum players are produced for fiat-only games, meaning they are not available to Bitcoin players either. For the most part, you should be able to find the type of Live game that you wish to play that is playable with ETH.

Is it possible to interact with the croupier (dealer)?

In some games, yes. In such games, it is possible to chat with the croupier and even give them a tip to express your appreciation for their job. This is just one of the many ways in which Live Baccarat game providers attempt to mirror the experience of gambling at a real casino.

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