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Behind the Reels: The Algorithm in Casino Games

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NullTX Casino Games

In life, there is a pattern for everything. In casino games, there is an algorithm for everything. Pure luck is not the only thing between you and that jackpot win. It’s numbers, formulas, and systems coded behind those spinning reels. 

The concept of casino games may seem simple. You pick a slot machine of your taste, maybe a classic fruit-themed slot. You place a bet, then click a button and watch the reels spin. If the odds are in your favour and symbols on the reels match on a payline, you win. There is, however, a whole system that comes in action once you press that button to spin.

Casino Games before the Computer

The classic slot machine before the creation of computers and electronic innovations depended solely on gears and levers. At the pull of the slot handle, different mechanical pieces start to work. Notched discs connected to the reels were pushed by kickers and eventually halted by stoppers inside the machine. After pulling the handle, players will see reels stop one at a time. There was always an element of surprise because players would have to wait and see if the following symbols matched the one on the first reel.

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From Pulling Levers to Pressing Buttons

As technology started to take over and replace physical machinery inside these casino games, so did the process of determining payouts. Pulling levers were no longer necessary as engines started replaced gears, and starting a game became as easy as pressing a button.

Modern slot machines operate on a completely different principle from their mechanic predecessors. Wins do not depend on where notches end up stopping the reels. They depend on codes, numbers, and mathematical algorithms. In a way, the electronic takeover ensured foolproof gameplay. Computers calculating the outcome of a slot ensures that every person and spin has an equal shot at hitting a jackpot.

The Random Number Generator (RNG)

The RNG is a program that operates based on an algorithm. As a part of a casino slot machine, it generates random numbers between 1 and up to several billion for hundreds of times a second. Right after you press the button for a casino game, the RNG will record a bunch of numbers to determine where the reels will stop.

To understand the process of RNGs easier, let’s say you’re playing with a 3-reel slot machine. You place your bet and press a button to spin the reels. The RNG will think of three numbers. The first number will determine where the first reel will land, the second number will determine where the second will land, and so on.

Since the RNG can come up with numbers as low as 1 to as high as several billion, it divides each of the three numbers with a fixed value. These fixed values for slot machines are usually 32, 64, 128, 256 or 512. The remainder of the generated number and the fixed value can determine where the reel stops.

RNG: A Deterministic Flare

The RNG is an algorithm programmed in casino games designed to generate countless sequences of numbers and symbols that can’t be predicted. Contrary to its name, random number generators aren’t really ‘random’. Algorithms are fixed systems. This means that it isn’t possible for them to be truly random in nature. The outcomes of the RNGs are deterministic. The results of where the reels will land are not infinite. This does not mean RNGs can easily be predicted or cheated.

A fixed sequence of numbers already exist in the algorithm, but it is constantly being changed and upgraded by developers. The ‘seed’ or the fixed sequence of numbers are mixed in with hidden, ever-changing inputs. These altered seeds make the outcomes of the press of a button almost impossible to recreate.

Fairness, Validity, and Fate

Even though the nature of the RNG is not random because it is an algorithm, the results are still unpredictable. The point of a good casino game is its randomness. You’ll never know if you’ll get the same win or the same combination on the next spin. You’ll never know whether you’ll win the huge jackpot twice in a row.

Regulated and licensed casinos make sure the RNGs encoded in slots are fair and evaluated. Sometimes, third parties are hired to test RNGs. All formulas and algorithms set for the RNG need to ensure that all outcomes are unbiased.

Thanks to mixing and shifting thousands of sequences and seed numbers, the outcome of a casino game are extremely difficult to track in a pattern. Because of its complexity, the results are still random and uncertain. There will always be exciting for players because the chance of winning is out of anyone’s control and still in the hands of fate.

Source: https://nulltx.com/behind-the-reels-the-algorithm-in-casino-games/

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Fund Manager Bashes Bitcoin: An Extreme Form of Libertarian Anarchism

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As Bitcoin price makes headlines across mainstream and financial media, skeptics of cryptocurrencies have come out of the woodwork in droves.

The latest skepticism comes from Tim Bond, partner and portfolio manager at Odey Asset Management, who claims that Bitcoin has very little benefit to society, and instead is an extreme form of Libertarian anarchism. But could there actually be truth in the bold, blanket statement?

Tim Bond Bashes Bitcoin As Pointless, Vile, And Damaging To The Environment

Bitcoin is a subject that most economists, tech enthusiasts entrepreneurs, and fund managers alike are asked about these days, as the asset has ballooned from under $10,000 to more than $50,000 per » Read more

” href=”https://www.newsbtc.com/dictionary/coin/” data-wpel-link=”internal”>coin in less than one year.

Depending on who you ask, it is the most important technological revolution since the internet, while others might claim it is a bubble wait to burst.

Tim Bond, fund manager at Odey Asset Management, instead calls it “particularly vile,” “pointless,” and “damaging to the environment.”

Related Reading | Summing Up The Case For Crypto As The Future Of Collateral

Bond claims that Bitcoin isn’t only emitting more CO2 than most small economies, but that it is spearheading “a particularly extreme form of libertarian anarchism,” which he says is why the cryptocurrency is so popular amongst Silicon Valley types.

“If bitcoin starts to displace fiat currencies [government-issued currency that is not backed by a commodity], governments’ ability to tax, spend and redistribute will be severely impaired,” Bond continued.

bitcoin btcusd

As Bitcoin grows in value, the more disruptive power it wields | Source: BTCUSD on TradingView.com

Crypto Anarchist Future Prefers Consensus Over Forced Taxation

Bond, however, is absolutely right about at least one thing: Bitcoin could severely impact a “governments’ ability to tax, spend and redistribute” – a system that is arguably broken already.

Governments like the United States establish control over society through their money, and without that leverage, society won’t be as compelled to comply with taxation and other forms of control.

While much of this infrastructure was designed for the benefit of civilized society, governments have abused this control and how they redistribute wealth is a major ongoing economic problem that only Bitcoin has the potential to fix.

Related Reading | Why March Is The Bloodiest Month In Bitcoin History

By removing the government from the equation, it will require community consensus – something the crypto industry does well – to handle redistribution in the future.

Bitcoin has several key benefits that give the unique cryptocurrency its underlying value. It cannot be counterfeited, there are only 21 million BTC available ever, and much more. However, the greatest benefit of all could be the fact that governments can control it – something that Bond clearly can’t comprehend.

Featured image from Deposit Photos, Charts from TradingView.com

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Source: https://www.newsbtc.com/news/bitcoin/bitcoin-libertarian-anarchism/

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Chiliz (CHZ) rallies 60% to a $1B market cap as fan token offerings expand

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Nonfungible tokens (NFTs) and decentralized finance (DeFi) are two of the hottest concepts in the crypto sector, and each is altering the way projects and companies interact with the public on a wide scale. 

One project that is looking to apply these concepts into a framework for sports fan engagement is Chiliz, a blockchain platform created by the Socios fan engagement platform. The project is designed to allow fans to purchase branded Fan Tokens that let them influence their teams through the popular vote.

According to the project website, all Fan Tokens are minted on the Chiliz blockchain with on-platform voting being executed through a series of smart contracts.

Data from Cointelegraph Markets and TradingView shows that over the past month, the price of Chiliz (CHZ) has increased 760%, going from $0.022 on Feb. 8 to a new all-time high of $0.189 on March 8. CHZ trading volume also hit a 24-hour record at $1.92 billion.

CHZ/USDT 4-hour chart. Source: TradingView

The platform currently offers Fan Tokens for some of the most popular sports teams in the world, including FC Barcelona, Juventus, Paris Saint-Germain, AS Roma, Galatasaray and Atletico de Madrid.

Token launch sparked a strong rally

Momentum for Chiliz began to gather steam at the end of 2020 when the platform partnered with Binance to launch the ACM Fan Token for AC Milan on Feb. 24. The launch generated $6 million in revenue for the CHZ ecosystem.

ACM is part of a network of 23 major sporting and esports organizations that also have plans to work with Chiliz on launching Fan Tokens.

CHZ price received an added boost on March 2 when CEO Alexandre Dreyfus announced that the project would allocate $50 million to expand operations to the United States, and there are already plans to start working with local leagues and sports franchises.

VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for CHZ on March 1, prior to the recent price rise.

The VORTECS™ score, exclusive to Cointelegraph, is an algorithmic comparison of historic and current market conditions derived from a combination of data points including market sentiment, trading volume, recent price movements and Twitter activity.

VORTECS™ Score (green) vs. CHZ price. Source: Cointelegraph Markets Pro

As seen in the chart above, the VORTECS™ score hit a high of 66 on March 1, less than 5 hours before the price of CHZ began to break out above $0.06. Following the price rise and consolidation above $0.11, the VORTECS™ score climbed to 69 on March 6, two days before the price surged to a new all-time high.

Currently, Chiliz is in ongoing talks with Formula One, and if the team is able to onboard popular U.S. sporting teams, the project could be well positioned to see further growth as blockchain technology and NFTs become more ingrained into the sports industry.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

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Source: https://cointelegraph.com/news/chiliz-chz-rallies-60-to-a-1b-market-cap-as-fan-token-offerings-expand

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Decentralized esports tournament series looks to bring traditional gamers to crypto

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Non-fungible token-focused investment firm Polyient Games is launching a new online tournament to introduce mainstream gamers to the crypto space.

In an announcement today, Polyient Games said it would be partnering with esports tournament platform Community Gaming for a $100,000 series featuring games using non-fungible tokens, or NFTs. The esports games will reportedly “function as a method of introducing mainstream gamers to the world of cryptocurrency and blockchain assets” by allowing players to acquire digital collectibles and use NFTs as in-game items.

“The marriage between decentralized technology and gaming will be one of the most significant themes of the coming decade,” said Craig Russo, co-founder of Polyient Games. “Our work with Community Gaming on this brand new decentralized tournament series serves as a major step towards bringing mainstream adoption to this new industry.”

In addition to esports games, the tournament will reportedly feature blockchain games including trading and battling game Axie Infinity and Ethereum-based digital trading card game SkyWeaver. All games will reportedly utilize Polyient Games’ decentralized exchange for in-game currencies.

The first event of the $100,000 tournament will begin on March 29, with prizes paid out in U.S. dollars and Polyient Games’ native token, PGU. 

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Source: https://cointelegraph.com/news/decentralized-esports-tournament-series-looks-to-bring-traditional-gamers-to-crypto

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