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Ethereum Gambling Guide

In this guide, we will explain all the ins-and-outs of playing Roulette with the world’s 2nd most popular cryptocurrency, Ethereum (ETH). We walk you through the rules, types and strategies of roulette, explain to you how to get a hold of some Ethereum, why gambling with ETH might be better than gambling with Bitcoin (BTC), and how to find the Ethereum Roulette casino that is right for you.

Roulette games explained

Invented in France in the late 18th century, Roulette is one of the most popular and oldest table games still being played today. It basically involves a ball spun around the edge of a revolving wheel that has 37 slots (38 for wheels with both 0 and 00). The ball eventually lands in one of the slots, with the corresponding number being the winner.

The payout for betting on a single number (between 0 and 36) is 35:1, but because there are 37 slots, there is always a house edge of 2.7% involved. In American Roulette, this house edge is increased to 5.26% as there are 38 slots on the wheel.

All numbers 1-36 are assigned a red or black color; with the exception being 0, which is green. In addition to simply betting on a single number, there are several different types of bets that can be made while playing Roulette (note the odds displayed are for European Roulette, which has a single 0):

  • Split. Two vertically or horizontally adjoining numbers (for instance, 1-2 or 1-4) – pays 17:1.
  • Street. Any three horizontal numbers (1-2-3, 4-5-6, etc) – pays 11:1.
  • Corner. Any four numbers adjoined in a block (1-2-4-5, 2-3-5-6, etc) – pays 8:1.
  • Top Line. The top most line of the betting grid (0-1-2-3) – pays 8:1.
  • Six Line. Any six numbers in two horizontal rows (1-2-3-4-5-6, 16-17-18-19-20-21, etc) – pays 5:1.
  • Column. One of three vertical columns (1-4-7-10-13-16-19-22-25-28-31-34) – pays 2:1.
  • Dozen. One of the three sets of a dozen numbers (1 through 12, 13 through 24, 25 through 36) – pays 2:1.
  • Odd. Any odd number – pays 1:1.
  • Even. Any even number – pays 1:1.
  • Red: Any red number – pays 1:1.
  • Black: Any black number – pays 1:1.
  • 1 to 18: Any number 1 through 18 – pays 1:1.
  • 19 to 36: Any number 19 through 36 – pays 1:1.

The most common variations of Roulette include the following:

  • French. Has one 0 and frequently offers a “la partage” or “en prison” rule, meaning half of the best is refunded to the player every time the ball lands on a 0.
  • European. The same as French Roulette (wheel has a single 0) without the “la partage” or “en prison” rule.
  • American. Contains an extra slot (38 slots in all as opposed to 37) for a 00. This renders the house edge almost twice as high as European Roulette.

The other main difference between European/French and American Roulette are the ways in which bets can be grouped. Some of these include Voisins du zero (“neighbors of 0”), Jeu zero (“zero game”), and Le tiers du cylindre (“third of the wheel”).

When it comes to Roulette strategy, there is pretty much nothing that can be done in order to minimize the house edge, as the number the ball lands upon is completely random when playing software-based versions of Roulette. In live Roulette, it is possible that a wheel may have imperfections that favor the ball to land on one particular number or a set of numbers, but this possibility is totally removed with software-based Roulette.

Therefore, bets should be made according to the player’s appetite for risk. For instance, those who enjoy high-risk/high-reward scenarios will enjoy betting on a single number, whereas those who favor a lower level of risk should consider Red/Black or Odd/Even bets.

How can you start playing Roulette with Ethereum?

The first thing you’ll need to do is get a hold of some Ethereum, which today is easier to do than ever before. The quickest way to go about doing this is by opening up an account at a trusted cryptocurrency exchange like Coinbase, Binance, Huobi or OKEx, and depositing either fiat currency or BTC (or another cryptocurrency) to make a trade for ETH. It’s also possible to get ETH quickly by purchasing it via debit/credit card at a site like Paxful, Changelly, or Coinswitch.

The next step is finding a proper crypto casino that accepts ETH as a deposit option and also has a decent selection of Roulette games (we’ll go more into how to do this below). You’ll then want to transfer your funds from the exchange to the ETH deposit address provided by the casino. Keep in mind you will have to pay a withdrawal fee to move your ETH off the exchange and wait for the transaction to be confirmed by the Ethereum network before the funds will be displayed in your casino account balance.

What are the pros and cons of playing Roulette with Ethereum?

Pros: Because of the way the network is designed, sending ETH tends to be a lot cheaper and faster than sending BTC. With Bitcoin, new blocks are mined about once every 10 minutes, meaning it takes roughly 10 minutes for a transaction to get confirmed by the network – and that is only if it has a high enough transaction fee.

With Ethereum, blocks are mined once every 20 seconds at longest, which means ETH transactions confirm at least 30x faster than BTC transactions. ETH transaction fees (otherwise known as “gas”) tend to be much smaller as well. This makes it a cheaper, faster coin to send in and out of casinos.

Cons: Even though Ethereum is the second most popular cryptocurrency after Bitcoin, ETH can still be slightly more difficult to purchase than BTC as it is not as readily available (or at a good price) at some cryptocurrency exchanges. Not as many crypto casinos support ETH as BTC. This can potentially limit the number of different Roulette types available for ETH players.

In addition, the price of ETH tends to be more volatile than that of BTC, meaning its price can change quite a bit during the course of one gambling session between the time of deposit and withdrawal.

What Roulette games are available for Ethereum?

Fortunately for Ethereum users, most crypto casino software providers have made their Roulettes playable in denominations of ETH. This means that pretty much any Roulette type that can be played with BTC can also be played with ETH, so long as the casino supports ETH as a deposit option. A list of some of these different variations of Roulette includes:

  • European
  • French
  • American
  • Live Casino (video stream of real croupier)
  • Live Auto (video stream of automated Roulette table)
  • Roulette Royal
  • VIP & Live VIP (for high rollers)
  • Common Draw
  • Bonus Roulette

How to choose the best ETH Roulette casino

There are a few important qualities that any decent Ethereum casino should possess, and those include:

  • Fast, easy deposit and withdrawal processing.
  • Good customer support is available on a 24/7 basis.
  • Welcome bonuses and promotions specifically available for table games players.
  • A decent selection of different Roulette variations.

Additionally – and perhaps most important – you want to only deposit and play at a casino that has a reputation among the community as being a fair, honest and competent enterprise. Any crypto casino is only as good as its ability and/or willingness to process withdrawals, so it’s not a bad idea to do a bit of research on what others think about a casino before depositing your ETH there.

Ethereum Roulette FAQ

How secure is the Ethereum network?

Very. Ethereum is second only to Bitcoin in terms of total hash rate securing the network. That means more mining power goes toward ETH than any other coin except for BTC. Although projects that are built on top of the Ethereum network are occasionally hacked, Ethereum itself has never actually been hacked, meaning it is a safe and secure cryptocurrency for everyday use.

How is ETH denominated in Roulette games?

Much like how Bitcoin casino games are denominated in milli-BTC (mBTC), Ethereum games are usually denominated in milli-ETH, or mETH. Each mETH is equal to 1/1000th of 1 ETH. This means that at a price of $400 per ETH, 1 mETH is equal to $0.40.

What are some other ways to get a hold of ETH?

If you would rather not undergo the hassle of setting up an account at an exchange, ETH can readily be purchased through using a peer-to-peer exchange service, such as Paxful, LocalBitcoins, or CryptoLocally. These services allow ETH to be purchased using a wide variety of payment options, even allowing for the arrangement of parties to conduct an exchange in person.

Are there any Roulette games that aren’t available to ETH players?

The answer is “not really,” as almost every piece of crypto casino software that has been made for Bitcoin players has also been made available for Ethereum players. There are only a couple different software providers that service specifically Bitcoin-only casinos. Most of the time, Roulette at online casinos will only be unavailable for ETH players if they are fiat-only games (also unavailable for BTC players).

Why is Ethereum more volatile than Bitcoin?

There are a couple of major reasons why the price of ETH tends to change much more rapidly than the price of BTC. The first is that it is not as heavily traded as BTC, which means it doesn’t take as much money to move the market in one direction or the other. The second is that Ethereum is more speculative than Bitcoin. ETH is considered to be a riskier asset to hold than BTC, and more subject to sudden buying or selling impulses.

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