Virtual Bitcoins for Beginners
When I first heard about the new virtual currency called “bitcoins”, I was skeptical. However, after a careful inspection of the technology behind bitcoins, I have come to the conclusion that it is probably the best innovation in years. Not only does it allow us to participate in the financial market like we do with traditional currencies, but it also offers us the opportunity to play virtual games against other people who hold bitcoins. If you’re unfamiliar with the workings of bitcoins, they work pretty much the same way a conventional online gaming site does. Anyone can become a member of this network by buying a certain number of bitcoins and registering their personal details.
Like any other game, the market for virtual poker works on the same principles as the real world version. Players place bids either to try to win a game outright or to try to make their bids known so that other players can bid against them. A successful bid goes up the betting tube and if a player wins the game, they make their deposit. The winner’s information is kept secret, so the real world equivalent of the virtual world equivalent of a poker tournament is referred to as the “lottery spin” – in which the outcome is pre-determined before the game starts. The virtual world version of the spin is much more fun because it allows players to be pitted against each other in an equally fair and even playing field.
Like playing a real-world game, it’s important to carefully select your playing partner. Unlike in a casino, it’s perfectly acceptable (even encouraged!) for players to lie about their real identity and location, as well as their real income and credit history. However, players are encouraged to play within their means, and only withdraw their winnings when they reach their limit, otherwise they risk the loss of all their funds and becoming another virtual victim of the game’s brutal market fluctuations.
There are a couple of key advantages to playing virtual poker over the real thing. First, the monetary exchange rate is significantly more stable. Real currencies are traded back and forth constantly between players and casinos as their value fluctuates between the two. Virtual currency never changes in value – it’s just easy to convert it from one US dollar to another, making it easy to hedge your bets in case the market moves against you. Virtual poker is essentially a game of numbers, and the best players in the market will always have a healthy advantage.
And second, it’s fun! The virtual world is a highly competitive environment in which players band together in order to take advantage of each other’s mistakes and weaknesses. It’s also a place where friendships are made and hearts are won. While some players may be interested in turning a profit, most virtual poker rooms offer a free demo that lets you play against fake opponents to see if you like the format of the games and how it feels to win real money. There’s nothing quite like winning a real casino poker tournament, especially when you’ve walked away with the big prize in your virtual pocket.
While it’s true that no real money exchanges hands on the internet, there are plenty of reasons to play virtual poker. You can enjoy the same exciting entertainment that you’d get from an actual casino without having to worry about dealing with the hassle of travel, waiting in line at the casino, and playing by the book. Best of all, many of the benefits offered by the virtual gaming world are offered to players who would otherwise be unable to spend a fraction of the money required to play at a real casino. That’s something to think about the next time you want to play. You might be pleasantly surprised at just how fun virtual poker can be.