Provably Fair vs RNG: Make the best choice for your betting site
Which system is best for you depends on the type of platform you want to run.
The professional in the international iGaming industry provably defines reasonable and random number generators for the business, describes the advantages and disadvantages of each system, and provides valuable insights to help choose which is the very best option in each case.
When setting up an online gambling establishment or gambling site, you need to determine how you will generate numbers and random events within your video games. Not only is this an essential part of how your operation will function, but it must also be defined and frequently certified by your licensing authority.
But what are the options? Well, you have a choice between random number generators and provably fair number generators. What are they, what are the pros and cons of each, and how do you choose which one is best for you?
What is provably fair?
In online betting, the term “provably fair” describes an algorithm used to guarantee that video games and betting activities are conducted fairly. This algorithm can also be used in other activities such as digital contests and freebies, on trading exchanges, and even in a digital treasure hunt! This algorithm is then examined by a third party who verifies that it is demonstrably appropriate within the requirements of the service provider and/or regulator.
This technique, which utilizes encrypted hashes sent to players, likewise offers the player the ability to check if the outcome of any video game or wager is reasonable. The outcomes are held in an immutable record on the blockchain. You can rest assured that they have not been manipulated in any way and that no cheating has taken place.
Provably fair online gambling is mainly used with bitcoin or cryptocurrency betting sites.
Pros
When you use a provably fair system, there is often no third-party authentication or verification required. In addition, you will likely not need to perform any verification.
The provably fair system provides a high level of trust for players as the operator is not able to interfere or manipulate the system.
It allows players to review their bets and actions and compare them to the results, providing full disclosure.
Proven reasonable online betting sites generally have a higher RTP. This is a fantastic selling point when it comes to attracting customers in a competitive market.
Cons
Proven fair software applications and systems are typically open-source and developed by the neighborhood. While this is useful for the operators, it also exposes them to the risk of hackers. Open-source software applications are sometimes at risk of undiscovered loopholes and bugs that can be exploited by dubious actors. Although it is not likely, it is wise to understand this and take precautions.
What is RNG?
RNG stands for random number generator. It is a system that randomly generates a variety of numbers or other elements that cannot be predicted better than by chance. The mathematical system displays randomly selected numbers and is usually used in roulette, lotteries, blackjack, baccarat and similar games.
The idea of RNGs has actually been around for millennia, but in recent years they have been digitized and applied to numerous areas, including online betting. Many, if not all, online casino licensing authorities require the operator to have an RNG. This often has to be certified by a third party and the certificate must be available to the authorities.
The RNG system is typically used by conventional online gambling sites, but it is also used on cryptocurrency casino sites.
Pros
An RNG can be used with cryptocurrency betting sites and fiat currency betting sites. It can also be used with a number of different games, not just betting. There are also a wide number of RNGs available, depending on your specific needs.
RNGs are considered safe and reliable by many regulators. They are frequently audited.
The RNG system offers a high level of randomness that is suitable for online gambling.
Cons
Similar to provably reasonable systems, an RNG can be hacked. Backdoors can be built into the system, which can then be used to manipulate or alter the results. The fairness of an RNG is determined by a third party that the operator should rely on.
What is best?
There is no clear answer to this question. Which system is best for you will depend on the type of platform you want to operate. It will also depend on what payments you accept, who your customers are, and what the regulatory requirements are. When making this decision, it’s wise to consult your business provider. Quick Offshore cannot provide you with RNG or provably fair systems, but we can help you build your online betting business. We can advise you on the requirements of your licensing jurisdiction and help you apply for your gambling license. In addition, we can help you set up your video gaming business, set up your billing accounts and payments, and guarantee that you meet all the necessary requirements. All you have to do is ask!