CSGO Skin Gambling is the king when it comes to skin gambling. It all started with the Counter-Strike: Global Offensive update in August 2013 when Valve introduced “skins” as new cosmetics to the in-game weapons. These skins didn’t have any impact on the gameplay but paved the way for a new underground economy for the gambling world.
Back in the early days, the only way to earn CSGO skins was by playing the game. But owing to the popularity, the exchange markets were launched which enabled players to buy skins with real money. This increased the worth of the virtual items since players carried out trades. At the time of this writing, the skin economy is worth hundreds of thousands of dollars if not millions.
It took no time for skin trading to become a liquid asset. As plenty of sites emerged which allowed players the opportunity to win more valuable skins by gambling CSGO skins.
In those days, the most successful and popular site in the CSGO skin gambling world was the CSGOLounge, where players wagered on the in-game matches. Some sources claim that CSGOLounge processed over 85 million skins in 12 months, and had an extensive collection with skin valued between 50 cents to over $15,000. But this rise had a terrible fall.
The game developer Valve proved to be the demise of the CSGOLounge. The company was reluctant to stop this entire system since in the U.S there was illegal gambling case against them pertaining to CSGO skins. In no time Valve issued a cease and desist notification to over 95% of the skin gambling platforms and also introduced a 7-day trade lock which did the perfect job of killing all the liquidity of the market.
In no time the gamblers packed up their bags and aside from CSGO Lounge, big trading sites like OPSKins also went out of business. But we have to say that the owner of the latter platform paved the way for modern-day CSGO skin gambling. Since he found a loop to the trade ban by allowing exchanges without physical ownership. The players were able to exchange skins freely and only had to deal with the hold when they withdrew the items. Valve was not impressed and banned every single trade bot in the market.
Despite the ban of trade bots, CSGO casino sites emerged with legit profiles and many players returned to the gambling world since the trade ban was not a big issue anymore.
Despite all these controversies and problems, CSGO skin gambling is a big business now. Other titles are impressed by this and have also introduced tradeable virtual items. There are plenty of CSGO websites these days that have their own skin businesses, some of them are:
- CSGO Earning Sites (where the players can earn CSGO skins by completing different tasks)
- CSGO Betting Sites
- CSGO Trading Sites
- CSGO Cashout Sites
- CSGO Case Opening Sites
- And many more
To satisfy the demands of their customer, CSGO skin gambling platforms have introduced some new forms of gambling. Most of them are quite popular in the classic Casino world, Roulette, Jackpot, Blackjack but some are new with CSGO Crash, Coinflip, and many more. These games are easy but you need to play smartly to make a name for yourself.
Best CSGO Casino Games
The best CSGO Casinos and Gambling sites offer plenty of ways to entertain their audience. They offer engaging CSGO Casino games that fall into two categories:
- PVE (where the players wager against the platform)
- PVP (Where the players compete against other players)
It is no surprise that one of the most cherished titles in the classic gambling industry has made its way to CSGO skin gambling. All the rules of the game are similar to the original one. But, here instead of chips or money players gamble with CSGO Skins. It comes in plenty of types, with colors ranging from 3 to 5, and sometimes even more. But the popular gambling sites stick to the classic version of 3 colors, green, black, and red. The black and red grant 2x the betting returns while Green offers X14m however the probability of landing on the green is quite slim. In other forms of roulette, you can also find colors that reach as high as 45x the bet. Playing CSGO Roulette is really easy. All you have to do is pick the amount you want to wager and pick your color. If the round ends in your color, congratulations you are the winner.
The best example of PVP games is the CSGO Coinflip, where the wagers are placed against other players. It is quite simple to play since you pick a side of a coin and start a game. Your opponent will have skins that are similar in worth to the ones you have. The site will then virtually flip a coin and the winning side will take the whole pot. This is a pretty fair game since all the parties involved have a 50-50 chance of winning. The winner will have to give some cut to the site which is usually around 5% of the entire pot.
This is a new hot title in the world of CSGO skin gambling that is making a name for itself. If you are not familiar with it, then no worries we have got you covered. The idea behind CSGO Upgrade is to exchange your regular skin with a more prestigious one. When you play it, you will wager your skin and pick a multiplier (x2, x3, x5, x50, etc.) The bigger multiplier you pick, the fewer odds you will have of winning. Lastly, if you don’t get the upgrade, you will lose your skin.
These and many more fun titles have played a vital role in the development of Skin Gambling. We hope that this article has cleared your concept of skin gambling. If you still have any queries, feel free to contact us. We will love to assist you in the gambling world.