A decade ago, a new game emerged in the exciting sphere of online gambling. It was fresh, exciting, and quite easy to understand compared to other casino offerings. It began as an experiment before becoming one of the world’s most popular gambling games. We are talking about crash gambling. Since it’s so popular and so many gamers love it, many wonder where it all started, what its current status is, and where it’s heading.
The origins of crash gambling
The origins of crash gambling can be traced back to 2014. That was when a Canadian developer and Bitcoin enthusiast, Eric Springer, introduced the first-ever “social gambling game,” a crash-gambling prototype.
It was called Money Pot and had pretty simple rules – the house has a 1% edge, uses technology named provable fairness, and it’s all completely automated.
Eric’s prototype was inspired by the volatility of the cryptocurrency market, and he used that in this game, in which players could bet on the rising multiplier, which eventually crashes.
Money Pot quickly gained a following due to its innovative concept and the thrill of timing the cash-out perfectly.
Crash gambling timeline
- 2014: Eric Springer creates Money Pot and introduces it to the gambling community.
- 2015: Ryan Havar buys Money Pot and renames it BustaBit.
- 2018: Crash gambling goes mainstream with the introduction of BC Originals and Charbet.
- 2019: Crash gambling explodes on YouTube and streaming platform Twitch (later transferred to Kick after Twitch banned gambling).
- Today: Crash gambling is one of the most popular types of gaming online.
What is crash gambling?
The concept of the game is straightforward: players bet on a multiplier which increases over time, with the aim of cashing out before the multiplier crashes. The main appeal of crash gambling lies in the game's unpredictability, plus its potential for significant winnings.
👉 For instance, the game can crash early with just a couple of multipliers but, equally, it can go on for a long time before it crashes. Players must guess the right time to cash out before their multiplied winnings are gone.
Crash gambling is a high-risk, high-stakes, and high-reward game combining elements of strategy and luck. Its simplicity and excitement have placed it among the most popular types of online casino games.
Types of crash gambling games
There are broadly two types of crash gambling games: traditional and online versions. Traditional crash games are played on physical machines which generate multipliers and can be found in physical casinos.
Meanwhile, online crash games operate similarly to their traditional counterparts, but are entirely digital. With these games, a random number generator determines the multiplier, and the game crashes when the multiplier reaches a set threshold.
Key milestones
One of the most important moments in the evolution of crash gambling was the introduction of Provably Fair technology. This ensures transparency and fairness, allowing players to verify the legitimacy of each game's outcome. Additionally, it built strong trust within the gaming community, attracting even more players.
Factors driving the popularity of crash gambling
Several factors have contributed to the mainstream success of crash gambling:
- Simplicity and accessibility: The game's straightforward mechanics make it easy for new players to understand and enjoy this type of gambling. Unlike traditional casino games, which may require extensive knowledge or strategy, crash gambling offers immediate excitement with a minimal learning curve.
- High stakes and thrills: The adrenaline rush of watching the multiplier climb, coupled with the risk of crashing, creates an exhilarating experience. This high-stakes environment appeals to thrill-seekers and those looking for quick, intense gaming sessions.
- Community and social interaction: Many crash gambling platforms incorporate social features, allowing players to chat, share experiences, and celebrate their wins together. This sense of community enhances the overall gaming experience and fosters a loyal player base.
- Mobile compatibility: With the rise of mobile gaming, crash gambling has become more accessible than ever. Players can enjoy the game on their smartphones or tablets, making it convenient to play any time, anywhere.
The status of crash gambling today
Today, crash gambling is everywhere. The most popular casinos feature it prominently on their main pages, often highlighting bonuses and showcasing previous high-stakes wins.
Furthermore, we’ve seen popular streamers like Trainwreckstv and xQc playing crash gambling on KICK, where they’ve won substantial amounts, further boosting the game's visibility and appeal.
This exposure on streaming platforms has introduced crash gambling to a broader audience, contributing to its rapid growth and popularity.
The genre’s integration into mainstream online casinos, and its presence on social media and streaming platforms, have solidified its status as one of the most popular online casino games.
The community aspect, combined with the thrill of high-stakes betting, continues to attract new players, ensuring that crash gambling remains a staple in the online gambling world.
The future of crash gambling
As crash gambling continues to gain traction, developers are constantly innovating to keep the experience fresh and exciting. We can expect to see more advanced graphics, immersive gameplay features, and enhanced social interactions in future iterations of these games.
To keep up with the best of the best, you need to have some knowledge or an information source to guide you to the right venues. One of those sources is Webopedia’s ranking of casinos offering crash games, in which they offer all the details players need to pick their “home base” for crash gambling. Visit the website and check those details yourself.
Finally, we’ve seen how the integration of blockchain technology and cryptocurrencies has played a significant role in modern crash gambling, and how influential these will be in the future. These technologies offer increased security and transparency plus faster transactions, further enhancing crash gambling’s appeal to a global audience.
