what does "Provably Fair" mean in online gambling?

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This topic contains 1 reply, has 2 voices, and was last updated by Avatar gamblerock 1 month, 3 weeks ago.

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  • #1531
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    thegambler
    Participant

    i’ve been reading many bitcoin gambling sites claim they are “provably fair”. what does this mean? is provably fair online casino software legit? a lot of crpto casinos seem to be offering this new kind of cyber gambling.

    • This topic was modified 1 month, 4 weeks ago by Avatar thegambler.
  • #1664
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    gamblerock
    Keymaster

    In online gambling the term “provably fair” refers to a tool that players can use ( a computer algorithm ) to verify the outcome of each game’s result.

    Provably fair casino algorithms are used by internet gamblers to analyze and verify the fairness of online gambling games.

    Here’s how it works:

    1. Player chooses a provably fair casino to play
    2. Players makes a wager with their chosen website
    3. The gaming operator will publish a method for verifying each transaction in the game.
    4. The provably fair algorithm use seed generation and hashing to generate a random number (Random Number Generation).
    5. After playing a casino game, the game’s outcome can be verified for true randomness by using methods provided by the gambling operator.

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