Peerbet Review

Peerbet is a gambling website that offers something I have not seen in another site yet: absolutely zero house edge. They are a site that is based on raffles and earns all of its income via advertisements (or at least that is the assumption). They allow people to create their own raffles with their own rules, giving freedom to make up your own games. You can bet as much or as little as you want, and have it based on as many tickets as you want. The site utilizes its own account system as well, so when you have funds on the site you are not pounding the block chain with a ton of transactions for each game you take part in. Instead, you can play as much as you want and the only time you will ever hit the block chain is when you are ready to withdraw your funds.

Now, what makes the site interesting is that it is the users that create the games. For example, you could set up a raffle that costs 1 BTC per ticket and has 10 tickets. The winner would therefore get 10 BTC. The site gets absolutely nothing from any of the bets, and they do not take any fees from the winners either. This is gaming at its finest, especially when we are dealing with the age of fees and house takes.

Another interesting part about the games is that there are two options: instant and block chain based. This allows you to allow the site to generate the random numbers (keep in mind that they are impartial as to who wins since they do not take anything anyways) or to allow a truly provably fair game. The latter is usually the most popular choice, mostly because we are just used to it in the crypto currency niche, but you could probably get people to join in on the instant games as well. A perfect way to equate the differences is to view the instant one as like a scratch off ticket and the provably fair one as the lottery.

The Peerbet website is pretty basic in what it offers, but it is pretty clear and to the point. You have no problems getting around it and figuring out how everything works, and getting your deposits in is easy enough as well. On top of this, you can find countless games to take part in, so you can find something that is already started and is within the range of what you are going for. And if you do not, just create the perfect game on your own!

Peerbet is an awesome service for gambling and raffles, and if you have not done so already you should definitely check it out. Make a deposit and play some games! Also, if you are not interested in playing with Bitcoins, they offer up some other choices as well, including:

  • Litecoin
  • Peercoin
  • Namecoin
  • Primecoin
  • Feathercoin
  • Anoncoin

With all of these options, you are sure to find something that fits your budget and mining preference!


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