What Is Crash Gambling?

min read
Tiny person standing on a die in front of a chart
BetMGM Dec 05, 2023, 9:34 PM

People who love cryptocurrency seem to have nerves of steel, and the new crypto casino craze of crash gambling plays on that ability to brazen out highly volatile markets to win ‒ or lose ‒ big. But what’s crash gambling, and will it ever become part of mainstream online casino games?

What It Is

Crash gambling games have some similarities with online slots but don’t expect wilds and scatters and all the other bells and whistles that come with today’s sophisticated video slots. Similarities include games having a return to player (RTP) statistic and the house’s edge, which generally sits between 1–3%. To play, simply join a game online, place your bet, and wait for a random outcome to determine whether you win or lose. Like most slots, there’s a bonus ‒ something like a jackpot slot payout ‒ for the last player standing in the game, but more about that later.

What It’s Not

Crash gambling isn’t a game that requires any specific skill or even knowledge of cryptocurrencies. It also isn’t available on regular online gaming sites yet, but who knows? As its popularity grows, there may yet be a variation on a theme available soon, and cryptocurrency may be the future of online gambling.

How Do You Play Crash Gambling?

Crash gambling plays in real-time, and players have to join a game as it begins. But be warned: games can be over quickly, so players need to have their wits about them.

Learning how to play crash gambling is fairly straightforward. The game is set up on a graph or chart, with horizontal and vertical axes and a steep curve punctuated by markers showing multipliers. Players place a bet on the marker they think will be the point at which the game “crashes.” Players then ride the game as the markers rise and hope they will either be the last person standing when the game reaches their marker. Alternatively, they can cash out at any point in the game, anticipating the crash and avoiding the loss of their stake. Wins are paid out according to the value of the marker point at which gamblers cash out, plus their original bet level.

If you’re wondering where to play crash gambling, the answer is that you can currently only play on crypto casino sites. There, you’ll typically find a demo mode option that lets you feel out the speed and rhythm of the game before committing your own money. If a demo isn’t available, players are advised to log on and observe a few rounds before taking the plunge and entering the crash gambling market.

Crash Gambling Features

Unlike online slots, there are no game features in crash gambling games, but there are two devices worth knowing about before starting out. These include the early cash-out option that has already been covered, and gamers being able to refer to “Provably Fair” technology. If players are in any doubt as to the random fairness of the game, a new server seed is generated at regular intervals between rounds. This is a little like “mining” in the crypto trading world ‒ where new units of cryptocurrency are created by validating transactions and adding them to the blockchain or digital ledger. Using Provably Fair tech is unique to cryptocurrency crash gambling games and provides gamers with a seed or hash that allows them to verify the fairness of the game on the blockchain.

Strategies for Crash Gambling

Although this is a game entirely of chance, there is a crash gambling strategy or two that players can employ to mitigate loss and even possibly boost their winnings.

The Auto Cash-Out Strategy

Although fortune favors the brave, sometimes discretion is the better part of valor, and an auto cash-out policy can be a good idea. The auto cash-out mechanism means setting the multiplier at which you will habitually, or for the duration of that gaming session, pull out of the game, hopefully protecting your bankroll and reducing losses from more reckless betting.

The Bonus Strategy

The bonus strategy is not so much a strategy as a game of chicken that can win players big bonuses or lose them everything. The idea is to push further and further up the curve and through the multiplier markers to become the very last player to cash out before the game crashes. In this case, the game pays the player brave enough to have withstood their nerves. If no one wins the bonus, it rolls over to the next game, making winning potential big.

The Martingale Betting Strategy

The Martingale betting method is one commonly used by gamblers in other games. Players place their bet, and if they lose, they increase the stake in the next round of the game. If they win, however, they revert to their original bet level in the next round. This method seems to be gaining popularity with crash gamblers.

Pros and Cons of Crash Gambling

Much like the crypto money markets, crash gambling is not for the faint-hearted and requires nerve and discipline. Crypto is still not available as legal tender everywhere, and how and where you can use cryptocurrency restricts the availability of online crash gambling. However, given the speed of progress and how far casinos have come from old-fashioned bricks and mortar to online casinos and now crypto casinos, it may not be long before crypto is more widely accepted.

As with crypto trading, crash gambling is entirely anonymous, with no digital trace on bank statements or credit cards. Crypto wallets have unique identifiers that don’t include names, so this is an advantage for those who prefer to gamble anonymously.

Today Is the Future at BetMGM

Crypto has spawned a great many trends like non-fungible token (NFT) art and crypto-only casinos. If you’re not quite ready to dip your toe in the crypto water, BetMGM offers a wide range of slots, live dealer casino games, and other traditional casino table games all online using regular currency. Simply register and start your online gambling journey into the future here today.

Actress Vanessa Hudgens flipping casino chips next to the text "The King of Casinos"
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Our BetMGM editors and authors are sports experts with a wealth of knowledge of the sports industry at all levels. Their coverage includes sports news, previews and predictions, fun facts, and betting.

Our BetMGM editors and authors are sports experts with a wealth of knowledge of the sports industry at all levels. Their coverage includes sports news, previews and predictions, fun facts, and betting.