A Gambling Project - page 3. | Bitcointalksearch.org

yntro

full member

Activity: 154

Merit: 100

Quote from: 100bitcoin on February 08, 2014, 03:22:03 PM

I am planning to build a gambling site with following features...

1. Everyone will join with a static amount of 0.01 BTC

2. Jackpot amount will rise till it reaches 1 BTC, i.e. 100 joinee

3. Each Tx index will be added to get a number and the 2 rightmost digit will be counted to identify the winning Tx

Can this idea take off ?

intresting idea.. well atleast never saw something like this before i guess Cheesy

give it a shot.

alekfor

newbie

Activity: 23

Merit: 0

Good luck!

serje

legendary

Activity: 1232

Merit: 1002

Quote from: 100bitcoin on February 16, 2014, 04:06:47 PM

Quote from: serje on February 16, 2014, 03:52:11 PM

Quote from: 100bitcoin on February 16, 2014, 03:31:15 PM

Quote from: roslinpl on February 15, 2014, 07:29:04 PM

Yes seems very interesting

we all wait untill it is fiished!

hopefully soon!

Good luck to dev!

Yep. The skeleton of the website that would be run manually at the beginning is ready. I'll be posting in the gambling section soon. You may start playing though...

Here we go => www.100bit.co.in

The rightmost 2 digits will identify the winning transaction.

what this actually means?

Suppose the sum of all the Input tx_index are = 1131001470

Therefore, the address that made the 70th transaction is the winner. 70 is the rightmost 2 digits of the sum.

Ok, I got it now Cheesy

100bitcoin

sr. member

Activity: 860

Merit: 423

Quote from: serje on February 16, 2014, 03:52:11 PM

Quote from: 100bitcoin on February 16, 2014, 03:31:15 PM

Quote from: roslinpl on February 15, 2014, 07:29:04 PM

Yes seems very interesting

we all wait untill it is fiished!

hopefully soon!

Good luck to dev!

Yep. The skeleton of the website that would be run manually at the beginning is ready. I'll be posting in the gambling section soon. You may start playing though...

Here we go => www.100bit.co.in

The rightmost 2 digits will identify the winning transaction.

what this actually means?

Suppose the sum of all the Input tx_index are = 1131001470

Therefore, the address that made the 70th transaction is the winner. 70 is the rightmost 2 digits of the sum.

serje

legendary

Activity: 1232

Merit: 1002

Quote from: 100bitcoin on February 16, 2014, 03:31:15 PM

Quote from: roslinpl on February 15, 2014, 07:29:04 PM

Yes seems very interesting

we all wait untill it is fiished!

hopefully soon!

Good luck to dev!

Yep. The skeleton of the website that would be run manually at the beginning is ready. I'll be posting in the gambling section soon. You may start playing though...

Here we go => www.100bit.co.in

The rightmost 2 digits will identify the winning transaction.

what this actually means?

100bitcoin

sr. member

Activity: 860

Merit: 423

Quote from: roslinpl on February 15, 2014, 07:29:04 PM

Yes seems very interesting

we all wait untill it is fiished!

hopefully soon!

Good luck to dev!

Yep. The skeleton of the website that would be run manually at the beginning is ready. I'll be posting in the gambling section soon. You may start playing though...

Here we go => www.100bit.co.in

serje

legendary

Activity: 1232

Merit: 1002

Quote from: 100bitcoin on February 16, 2014, 04:32:41 AM

Quote from: Rulishix on February 15, 2014, 04:46:15 PM

What kind of site would this be? Dice? Casino? Poker? Seems interesting! I hope it all works out.

The game logic is open. Winner will be found depending on blockchain data. So, I guess, it is neither Dice nor Poker. Can it be categorized as Casino ? I'm NOT sure !!! Can anyone please suggest in which category this game will fall ?

I think it's more like Lotto or Keno without numbers

We all pay to reach a jackpot! And 100% someone will win not like at Lotto or Keno where there is a big chance that everyone will loose!

100bitcoin

sr. member

Activity: 860

Merit: 423

Quote from: Rulishix on February 15, 2014, 04:46:15 PM

What kind of site would this be? Dice? Casino? Poker? Seems interesting! I hope it all works out.

The game logic is open. Winner will be found depending on blockchain data. So, I guess, it is neither Dice nor Poker. Can it be categorized as Casino ? I'm NOT sure !!! Can anyone please suggest in which category this game will fall ?

roslinpl

legendary

Activity: 2212

Merit: 1199

Yes seems very interesting

we all wait untill it is fiished!

hopefully soon!

Good luck to dev!

Rulishix

sr. member

Activity: 406

Merit: 250

What kind of site would this be? Dice? Casino? Poker? Seems interesting! I hope it all works out.

BitCoinDream

legendary

Activity: 2394

Merit: 1216

The revolution will be digital

Quote from: serje on February 14, 2014, 01:26:47 PM

Quote from: BitCoinDream on February 14, 2014, 11:44:09 AM

Quote from: serje on February 14, 2014, 09:01:49 AM

Put a limit!

Let everyone have a fair chance!

for example limit the number of entries to 10!

Can u please tell me how does it go against someone's fair chance ? If one does 50 entry, he's also susceptible to lose a bigger amount and even if he win, he'll actually win in lesser %. Is not it ? Please correct me if I have misunderstood the game. And yes, launch it fast. This is going to be the 1st game depending on blockchain data to decide the winner. Gonna be interesting.

If you take a look at peerbet.org raffles you will see a lot of people are spaming this thing and make raffles with unlimited entries/person

for example:
pot is 0.1 and one ticket costs 0.0001
this raffle will need 1000 participants
they buy 999 tickets and wait for someone to spend 0.0001 so that they can win it
and they make like thousand of raffles like this
if you make unlimited entries and you let us see how many people sent money to that raffles i doubt someone will just give away 0.01 just because someone spent 0.99

at least i will not play such a game i rather give 6$ to an old man than donate it to someone how is just taking all the chances

i would suggest you to make more raffles after you make the first one
one with 1BTC, one with 0.5BTC, one with 0.1BTC and so on!
by fair chance i wanted to say if the bot is 1BTC and the buy in is 0.01 put a limit of 10 tickets per member this way they all stand equals and if you have more raffles then you are addressing to a larger scale of customers all with different sizes of wallets!

just my opinion!

Thanx for the explanation. I think u r right. But in Bitcoin world, I guess this limitation is not really possible. Because u can limit an address. But one person can create multiple addresses to participate. Rather, as Sony correctly pointed out, if you buy 99% of the tickets, you are guaranteed to lose.

Sonny

hero member

Activity: 868

Merit: 1000

Quote from: serje on February 14, 2014, 01:26:47 PM

Quote from: BitCoinDream on February 14, 2014, 11:44:09 AM

Quote from: serje on February 14, 2014, 09:01:49 AM

Put a limit!

Let everyone have a fair chance!

for example limit the number of entries to 10!

Can u please tell me how does it go against someone's fair chance ? If one does 50 entry, he's also susceptible to lose a bigger amount and even if he win, he'll actually win in lesser %. Is not it ? Please correct me if I have misunderstood the game. And yes, launch it fast. This is going to be the 1st game depending on blockchain data to decide the winner. Gonna be interesting.

If you take a look at peerbet.org raffles you will see a lot of people are spaming this thing and make raffles with unlimited entries/person

for example:
pot is 0.1 and one ticket costs 0.0001
this raffle will need 1000 participants
they buy 999 tickets and wait for someone to spend 0.0001 so that they can win it
and they make like thousand of raffles like this
if you make unlimited entries and you let us see how many people sent money to that raffles i doubt someone will just give away 0.01 just because someone spent 0.99

It is still fair, for both "spending 0.0001 and have a chance of 0.1% to get back 0.1" and "spending 0.0999 and have a chance of 99.9% to get back 0.1".

And don't forget, OP is planning to have a positive house edge.
So, if you buy 99% of the tickets, you are guaranteed to lose lol. Wink

serje

legendary

Activity: 1232

Merit: 1002

Quote from: BitCoinDream on February 14, 2014, 11:44:09 AM

Quote from: serje on February 14, 2014, 09:01:49 AM

Put a limit!

Let everyone have a fair chance!

for example limit the number of entries to 10!

Can u please tell me how does it go against someone's fair chance ? If one does 50 entry, he's also susceptible to lose a bigger amount and even if he win, he'll actually win in lesser %. Is not it ? Please correct me if I have misunderstood the game. And yes, launch it fast. This is going to be the 1st game depending on blockchain data to decide the winner. Gonna be interesting.

If you take a look at peerbet.org raffles you will see a lot of people are spaming this thing and make raffles with unlimited entries/person

for example:
pot is 0.1 and one ticket costs 0.0001
this raffle will need 1000 participants
they buy 999 tickets and wait for someone to spend 0.0001 so that they can win it
and they make like thousand of raffles like this
if you make unlimited entries and you let us see how many people sent money to that raffles i doubt someone will just give away 0.01 just because someone spent 0.99

at least i will not play such a game i rather give 6$ to an old man than donate it to someone how is just taking all the chances

i would suggest you to make more raffles after you make the first one
one with 1BTC, one with 0.5BTC, one with 0.1BTC and so on!
by fair chance i wanted to say if the bot is 1BTC and the buy in is 0.01 put a limit of 10 tickets per member this way they all stand equals and if you have more raffles then you are addressing to a larger scale of customers all with different sizes of wallets!

just my opinion!

BitCoinDream

legendary

Activity: 2394

Merit: 1216

The revolution will be digital

Quote from: serje on February 14, 2014, 09:01:49 AM

Put a limit!

Let everyone have a fair chance!

for example limit the number of entries to 10!

Can u please tell me how does it go against someone's fair chance ? If one does 50 entry, he's also susceptible to lose a bigger amount and even if he win, he'll actually win in lesser %. Is not it ? Please correct me if I have misunderstood the game. And yes, launch it fast. This is going to be the 1st game depending on blockchain data to decide the winner. Gonna be interesting.

serje

legendary

Activity: 1232

Merit: 1002

Put a limit!

Let everyone have a fair chance!

for example limit the number of entries to 10!

100bitcoin

sr. member

Activity: 860

Merit: 423

Quote from: roslinpl on February 13, 2014, 02:47:41 PM

Quote from: 100bitcoin on February 13, 2014, 01:43:58 PM

Quote from: roslinpl on February 13, 2014, 11:47:29 AM

And how is your project?

Going good?

Yes... I am gonna rent a domain to run the first show and I have got a suitable domain of my choice. The first game will be mostly operated manually and run in a thread posted in the gambling section of this forum. Initially I need to see people's participation in the game... whether they want to spend 0.01 BTC for a jackpot of 0.95 BTC. Once the first show run successfully, I'll go for automation. Will be posting the thread soon along with the domain name...

good to hear.

So just waiting for a link!

asap!

will promote your site if it is going to be good!

Thank you for a supporting hand. Going to update soon... Any other suggestion in the mean time is highly welcome

roslinpl

legendary

Activity: 2212

Merit: 1199

Quote from: 100bitcoin on February 13, 2014, 01:43:58 PM

Quote from: roslinpl on February 13, 2014, 11:47:29 AM

And how is your project?

Going good?

Yes... I am gonna rent a domain to run the first show and I have got a suitable domain of my choice. The first game will be mostly operated manually and run in a thread posted in the gambling section of this forum. Initially I need to see people's participation in the game... whether they want to spend 0.01 BTC for a jackpot of 0.95 BTC. Once the first show run successfully, I'll go for automation. Will be posting the thread soon along with the domain name...

good to hear.

So just waiting for a link!

asap!

will promote your site if it is going to be good!

100bitcoin

sr. member

Activity: 860

Merit: 423

Quote from: roslinpl on February 13, 2014, 11:47:29 AM

And how is your project?

Going good?

Yes... I am gonna rent a domain to run the first show and I have got a suitable domain of my choice. The first game will be mostly operated manually and run in a thread posted in the gambling section of this forum. Initially I need to see people's participation in the game... whether they want to spend 0.01 BTC for a jackpot of 0.95 BTC. Once the first show run successfully, I'll go for automation. Will be posting the thread soon along with the domain name...

roslinpl

legendary

Activity: 2212

Merit: 1199

And how is your project?

Going good?

Sonny

hero member

Activity: 868

Merit: 1000

Quote from: BitCoinDream on February 13, 2014, 09:39:15 AM

How does peerbet operate with 0% edge ?

Quote from: kreeften on February 13, 2014, 09:51:31 AM

Peerbet: 0% Huh

My bad, I sure make it more clearly.
The original peerbet has only 1 game (raffles), and it is 0% edge.
Later on, the site owner sold the site to bit777, and more games (with edge) were added on it.

Quote

Play Raffles, Wheel and Dice!
0% House edge on Raffles, 0.3% on PeerDice, 1% on Dice and 3.2% on Wheel!

Topic: A Gambling Project - page 3. (Read 3279 times)