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Bitcoin Plinko: a new way of enterntainment
What is Plinko?
Let’s get straight to the point, Plinko is like a paintball flipper but vertical. The purpose of this Bitcoin game, but not limited to gambling with cryptocurrencies, is to drop a metal ball from the top of the pyramid and let it go down until it reaches the bottom. If in the paintball game you avoid the metal ball going into the hole, here in Plinko you hope that it ends in the right hole with the highest multiplier (see image below).
Have you ever wondered where the name Plinko comes from? Back in 1983, the host Bob Barker, from the tv show “The Price is Right”, explained that the name comes from the sound “plink” when the chip hits the metal spikes as it goes down the panel.
Plinko was used to be very popular before the advent of social media, as many people were watching tv shows including the one mentioned above, especially in the USA.
Thanks to the advancements of blockchain technology in the casino industry, now Plinko is available on several bitcoin casinos. Offering the opportunity for people not only to watch other people play but to be the protagonist. Higher multipliers are possible in numerous new crypto casinos, meaning higher returns on your bet.
Best Plinko Casinos
Betfury - iGaming Crypto platform with the first BTC Staking pool in the industry
BitDice - 100% extra bonus up to 1 BTC
FortuneJack – Get deposit bonuses up to 6 BTC + 50 Free Spins
BC.GAME – up to 180% Bonus on your 1st deposit
Stake - The Top Experience of Crypto Casinos
Trust Dice – Get Bonuses up to 3BTC + 50 Free Spins
Fairspin - #1 blockchain casino you can trust
Bitsler - The most Popular Crypto Casino
Tower Bet - Get up to 120% on top of your deposit
CryptoGames - Catch the Winning Spirit
Bitvest - Play provably fair games or Invest
The following is a list of crypto casinos where you can find Plinko. The casinos are categorized by our experience and rate by our system.
Pachinko: the Japanese version of Plinko
Simply, as the title of this section… Pachinko is the Japanese version of Plinko. Some of you could object to this sentence but if you look at it from a different point of view, ours, you will see that more or less the same mathematics is applied here too.
The difference between Plinko and Pachinko is the slot game integrated with it. Allowing the player to have a really high multiplier up to 5000x, at the same time the probability of hitting this is very very low.
Plinko Probability of winning
The probability behind Plinko is not that complicated, but still, you will need to go into some formulas and economical theories. We believe this is not the place to go into them, but at the same time, we want to give you something. In fact, below in the Sources and Resources section, you will find some interesting links which will help broader your research behind this matter.
Nevertheless, one main concept you should be aware of is “Binomial Distribution“.
The binomial distribution is a combinatorial calculus tool that allows you to calculate the probability of success P (x) in N repeated trials of an experiment when the following conditions are met:
- each test has only two possible outcomes;
- the tests are independent from each other – See also Gambler’s Fallacy;
- the probability p of each test is constant.
The binomial distribution is a discrete probability distribution. As the number of positive tests (x) and the probability of success (p) vary, the distribution assumes a different curve.
Plinko Case is probability= 0.5 because the ball has a 50% probability of going either right or left, each row.
Similar and alternatives to BTC Plinko
Sometimes we think our luck is over while we aren’t getting much out of a game… so it’s time to change. Here is a list of bitcoin games that we suggest you try as are good luck to be tried, especially when you start a new session:
- Crash Gambling with real money
- Bitcoin Dice
- Bitcoin Roulette
- Bitcoin Slots with provably fair
- Bitcoin Poker
- Bitcoin keno
- Bitcoin blackjack
- bitcoin baccarat
Additional Resources
- https://amstat.tandfonline.com/doi/full/10.1080/10691898.2001.11910535
- https://en.wikipedia.org/wiki/Binomial_distribution
- https://www.investopedia.com/terms/g/gamblersfallacy.asp
- https://theskepticalstatistician.blogspot.com/2012/09/games-of-price-is-right-plinko.html
CO-FOUNDER & CRYPTO ENTHUSIAST
We are born in a chaotic age, all looking for our own space. A space that exists beyond ideas of what’s right and what’s wrong. Space where we can express, and find ourselves. Fred Edwards is on his way to find the best expression possible of what are his passions. Enthusiast about blockchain, tech in general and a close-knit gambler. Contact me at info [@] cryptogamble [dot] tips
