Hence, a casino collects money from players and pays it back in the form of wins, but retaining the overheads.When you see “Bitcoin casino” on a gambling website you can’t be sure whether you’ve encountered a next-generation site that delivers the security, speed, and cost benefits of blockchain technology or a conventional site that has cynically added Bitcoin to its list of accepted currencies in hopes of picking up an extra point of market share.It will vary depending on the individual casino, but these are the main methods we have encountered so far: Registration (Automatic) This is the most common method used by casinos to provide a no deposit bonus to new players.  It's not necessary to create deposits.With over 150 different casino games and betting lines from around the world, Bovada is truly a leader in the Bitcoin gambling space.