Online casinos have become quite popular. Largely due to the ease with which they provide gambling opportunities to punters. It is one booming industry that has been valued at over 50 billion dollars in 2023. It’s also estimated to grow at a rate of 12% for the next 8 years.
So, it’s no surprise that crooked casinos have sprung up to scam punters of their hard-earned money. Over 30% of online punters lodge complaints of having their winnings voided illegally.
Punters are often suspicious about online casinos, and they wonder if “random” numbers generated by the RNGs are truly random.
However, with the onset of the provably fair algorithm, many online punters have started to gain trust in online casinos once again. Gambling sites such as Gw casino are seen as elite and trustworthy due to provably fair algorithms. Here’s more about the algorithm and how it works.
Associated terms
Hashing. Hashing is a data encryption technology that is used to conceal server seeds sent to punters. This is done to prevent punters from having an undue advantage over the house. If the unhashed code is sent before the end of the game, punters with technical prowess can predict the outcomes before the end of the game.
Seeds. Seeds are a set of long numbers generated by a blockchain. They are used to provide the outcomes of a casino game. The two types of seed (client and server seed) are combined to derive the outcomes of casino games.
Nonce. This is a random number that increases in value by 1 every time a new hand is played. It is used to keep track of the hand in play. It can also be used to verify unhashed server seeds at the end of the game.
RNGs. RNGs mean random number generators. They are apps or websites that produce numbers at random. Online casino games work using these RNGs. However, a few casinos have been known to tamper with the RNG algorithms to earn an unfair advantage.
The mechanism of provably fair algorithm
Basically, the provably fair algorithm depends on three terms: the client seed, the server seed, and the nonce. Before the game starts, the server gets a hashed version of the server seed. It is hashed so that the punter can’t predict the hand that will be played in the game. Then, the client-server seed is generated either manually by the punter himself or automatically using the punter’s browser IP. The server seed is then altered in a way no one (neither the punter nor the host) can predict.
After the game, the punter is given a hashed server seed to verify the outcomes of the game to ensure the hands have not been tampered with. Apps like Xorbin are often used for this. Another way to cross-check the hands dealt during the game includes the use of the nonce. When the nonce and all the bets are computed into a provable verifier, it should give the original server seed. Every online casino has its own provable verifier.
That’s how the provably fair algorithm works in a nutshell. The algorithm has attracted many punters to online casinos and rightly so. Now, they can prove the transparency of any game they play by themselves.
You should know that the provably fair algorithm is much more complex than what is described above. However, now you know that you’re safe with provably fair algos. Random numbers are indeed random and the house has no unfair advantage over your games and bookings.
Advantages of provably fair casinos over regular casinos
- Provably casinos are much more transparent than regular casinos. You can easily verify the outcome of your games yourself.
- In provably fair casinos, the punter and the casino influence the outcome in a way both parties cannot tamper with or predict. While regular casinos depend on a third party agent to determine the transparency of the game.
How it could change the world of gambling
Many punters are suspicious about the transparency and legitimacy of online casinos. The saying “the house always wins” seems to resonate with many. However, with the use of the provably fair algorithm, casinos can prove their transparency to punters using their site. The seeds generated are all from public ledgers and are practically tamper-proof.
However, punters should be very vigilant when placing bets with online casinos as some still rig the game in their favor even when they claim to operate a provably fair algorithm.
This is why you should use trustworthy casinos. Gw casino is a good example. They are an Australian online casino that has proven their transparency repeatedly. They are your go-to option if you’re looking for an “edgeless house”.
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