What is a Provably Fair Gambling?


what-is-a-provably-fair-gamblingPlayers are increasingly starting to demand more transparency from their gambling, and the best way to give it to them is through provably fair games. Thanks to Bitcoin SV, you can give it to them while improving your bottom line.

What does provably fair mean?

Something is provably fair if all parties can independently verify the fairness of the game. So while casino games have been traditionally certified by a third party, and a player can visit that certification to understand the game is fair, with a provably fair game, they can verify the game’s algorithm for themselves.

How does Bitcoin SV make provably fair gaming work?

This is made possible by recording game data on the Bitcoin SV blockchain. By writing slot spins or hand histories to the public ledger, recording the random seed that created them, players can then access these seeds and use the game’s algorithm, either provided on the operators site or a third party providers, to recreate the results for themselves.

For the newer player who wants to be sure that the game is fair, this is a great way to prove it for themselves. For the returning player who wants to know the game works just as well as it did the first time they played, their play history is saved forever on the blockchain, and they can verify if their first spin worked just the same as their latest.

The benefits of provably fair gaming

Players immediately benefit by having the option to verify the fairness of the game for themselves. While a majority of players may never question that a game is fair, the small minority that do will have their concerns quickly addressed by putting in the random seed into the algorithm for themselves.

For operators, the first benefit is an increased player demand. But there is a knock on effect by using the BSV blockchain to record data and process payments. Players’ spins can be recorded in the very transactions they pay them out. That reduces your data storage costs, while also providing a provably fair experience.

How can we offer provably fair games?

We’ve already covered the benefits of offering provably fair games with Bitcoin SV, and the good news is that content developers have already started developing offerings you can implement today. Check out our list of Bitcoin SV Game Developers who have already implemented provably fair gaming into their products.