There are more cynical benefits too like how it's easier to disappear into the night with people's money, but you don't have to go that far to see why it might be useful.
The same applies to gambling marketing. Do you know if Twitch streamers are using their own money or playing with "house money"? Do you know if the casino is giving Twitch streamers more favourable odds to make the service look better?
Edit:
> Crypto casinos can also be "provably fair" to win trust from people when they have no track record.
Do such casinos currently exist, or is this a hypothetical? AFAIK currently existing crypto casinos are opaque.
Provably fair is standard in the popular casinos. Any casino that lets you give them a "client seed" is doing this. Example: https://stake.com/provably-fair/overview and https://www.bustabit.com/help/provable-fairness
Doesn't this address part of your main argument?
- If you keep track of the wins and losses you'd figure it out fairly quickly - a 30/70 game doesn't play like a 49-51.
- Why would the casino lie? Someone who is going to take a 49/51 bet may as well take a 30/70 bet, if they already understand odds they understand that they're paying the casino money for their time.
"Satoshi Dice" was probably the biggest one, back in the day. Looks like it's still running
Also absolute: you being unable to comprehend OP’s comment about what “provably fair” means.
> Well, it's obvious why. Crypto is much simpler than interacting with dollars, and it's easier to bypass gambling laws, many of which are quite draconian, when you're not interacting with dollars.
It has since been edited with no notice.