To be honest, you will probably never really corner the Ethereum gambling scene, but it is fun to start out with. Much like Ethereum investment, you will need to think about the value of Ether at the time you gamble. Is the value of Ether on the low end and starting to rise up? Is it on the high end with predictions it will go down? Most people do not even know for sure and that is natural when it is a new form of currency with its own rules.
If you have built up some Ethereum and you do want to find ways to build it up, you should consider Ether gambling. Ether is a way to describe each coin of value within the Ethereum system. It will all make sense as you get involved. Since there are other ways of buying and trading Ether, it must be in that form. Though you may use dollars to buy the Ether, most of the time you are using Bitcoin to convert it into the form you want, which is Ether. The long and full name for “Ether” is Ethereum.
When you look at some of the Ethereum gambling sites online, you will need to find one that is reputable. Since Ether is a relatively new form of the cryptocurrencies, many of the services utilizing it are in their infancy. Some of the better gambling sites will present a simple random number drawing rather than cold-out gambling. It is not as if you will be laying cards on the table. Instead, you will be dealing with numbers that are totally random, much like a lottery.
Since these gambling sites are essentially trading sites, you can rely on your winnings being real. If you want to have any proof of your winnings, it is wise to have an external cryptocurrency wallet. Online wallets can have glitches and may be prone to tampering. This never precludes what you can make with Ethereum gambling. Those earnings are yours to use as you see fit. It is still a good idea to place it in your external wallet nonetheless.
Ultimately, it comes down to how smart you play your Ether. Don’t go with too large of an investment. Instead, start out smaller and see where you can go.