Despite its name, Betking is not a betting site. Currently, it offers only one dice game. Opened in April 2013, Betking has presented one of the first Bitcoin dice games on the internet and it has managed to accumulate interest with both high payout ratios and provably fair feature. Betking reached a wagering volume of 400,000 BTC in just 2 years and suddenly closed in December 2016. The site was recently reopened and started to re-present the same dice game. However, as we shall see below, it has several plans for the future.
Betking accepts members from all over the world and does not apply any geographical restrictions. This is a true anonymous Bitcoin casino: You do not even have to give your email address to become a member. There is only an age restriction and people under the age of 18 cannot register and play on the site.
User Experience and Design
Betking uses a design that weighs in black color. A large part of the home page is devoted to Betking's past and the features it has. Because there are not many pages and only one game, there is no navigation problem too. The game has its own page, which is located at the top of the main page. Betking also has “blogs” and “stats” pages. You can get the latest news about crypto-currencies on the blog page, and see statistics & wager amounts on the stats page. At the time this review was written, Betking had reached a wagering volume of 1,105 BTC.
In general, we can say that it has a very simple design. Both the website and the game are developed with HTML5, so there is no problem on mobile devices. Likewise, page loading speeds are also quite satisfactory. Even at low connection speeds, there are no problems. Betking also has a faucet, and as long as your balance is 0, you can win 500 satoshi every 30 minutes. However, you need to provide an email address to use faucet.
Bonuses & Promotions
Betfair only offers a rakeback bonus. Rake is a very interesting type of bonus: All bets placed for a game are collected in a pot and then returned to players at certain rates. The Betking rakeback bonus rate is 25% but the actual rates depend on the amount you bet. You can see rakeback rates on the table below:
Bet Amount (Monthly)
Rakeback payments are made on the last day of every month. It's nice to see this kind of bonus, but to tell the truth, if you have a budget that can afford 5,000 BTC, then you do not need a bonus.
Apart from this bonus, there is also an affiliate program. You can earn 10% of the wager amounts of those who became members by using your referral link. However, the person who uses your link needs to place a bet – depositing money is not enough.
Games on Offer
There's only one game in Betking, and it's a dice game. But don’t think of a craps game: Your goal is to guess about a randomly generated number. There are two betting options, Hi and Lo, and you are betting that the roll result will be higher or lower than a certain number. This particular number is based on the amount of jackpot. For example, when this review was written, the jackpot amount reached 50.40 BTC. Hence, the players could make a bet that the result of the roll would be higher than 50.4000 or lower than 49.4000. If the randomly generated number remains within this range, you lose the bet.
You can decide the payout multiplier while placing a bet and you can choose between 2x and 5x. Statistics and wager amounts of other players can be seen in a table just below the game. The dice game is provably fair and can be used without a widget. In other words, you can use this feature easily from mobile devices too. Speaking of mobile, the game works on all operating systems and devices.
There are no limitations on betting limits: You can bet even 10,000 BTC if you wish. Note that the house edge rate of the game is quite low but you can only see the effects of this in the long run. Betking is preparing to offer roulette and poker games and sports betting service in the near future.
Betking uses 128-bit SSL encryption provided by AddTrust. The site does not have any licenses, but this is not a problem in terms of security and fairness. Because of the provably fair feature, fairness control is performed by players. Betking is a site verified by the Crypto Gambling Foundation and meets the basic standards for security.
The crypto-currencies supported by Betking are Bitcoin, Litecoin, Ethereum, and BKB Coin. The latter is Betking's own exclusive coin and it uses Ethereum infrastructure. Currently supported by one exchange site, BKB Coin can only be used in Betking. You can choose any of these currencies to make a withdrawal. There is no minimum/maximum withdrawal limit. The only rule is that the currency you use for the deposit must be the same as the withdrawal currency. So for example, you cannot deposit BTC and withdraw ETH.
You can also use the currencies listed above for deposit transactions. To find Betking's Bitcoin wallet address, you can press the red "deposit" button on the game page. Minimum deposit amount is 0.00001 BTC and there is no maximum limit.
To reach Betking support team, you can send an email to [email protected] or use its Twitter, Telegram, Reddit, and Bitcointalk accounts. Sending a message to the Telegram group usually gives you the fastest results. Live chat and telephone support are not available.
As of now, Betking is just a game of dice with provably fair feature. We are no longer in 2013 and a Bitcoin casino needs to offer much more nowadays. Betking does not have a specific problem, but it is extremely inadequate in terms of content. This may change when it starts offering sports betting service and other types of games in the future, but it is hard to recommend at this time. Multiple crypto-currency support is the only advantage that Betking can offer, but this alone is not enough. Betking is on our watch list and while we do not recommend it at this time, we reserve the right to change our opinion in the future.