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Which cryptocurrencies are most commonly used for betting?

– Answer: Bitcoin, Ethereum, and Litecoin are the most commonly used cryptocurrencies for betting. These digital currencies offer fast transactions, low fees, and increased privacy compared to traditional payment methods, making them popular choices among online gamblers and betting platforms. – Detailed answer: Cryptocurrencies have gained significant popularity in the online betting world due to...

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What is the house edge in crypto betting?

– Answer: The house edge in crypto betting is the built-in advantage casinos have over players, typically ranging from 1% to 5%. It ensures the casino’s long-term profitability and represents the average amount a player loses relative to their initial bet over time. – Detailed answer: The house edge in crypto betting works just like...