To clarify the deposit requirements for the few questions we get on this.
- Minimum deposit is 0.001 btc
- Deposits credited after one confirmation
We have hundreds, sometimes thousands of players daily and it is very rare to have a question about our minimum deposit or the one confirmation requirement. The minimum deposit has been the same since day one in April of 2013 and the one confirmation has been in effect over a year.
Lastly, we don't know your login name therefore cannot address your specific tickets.
Topic: BetcoinPoker.com Betcoin.ag-Big Tourneys-BONUS-Freerolls, Ring Games, Real Poker - page 88. (Read 367790 times)
August 28, 2015, 07:09:30 AM
August 27, 2015, 11:27:10 PM
Right
Thank you for the update. Poker websites have to move to a 1 confirmation model because of the abuse that would take place for instant deposits with zero confirmations. We are working on some innovations along this line as well. Thank you.
I think the issue is more along the lines of having more things on your site that contradict other pages (like our whole "minimum deposit" fiasco earlier). There's so much misinformation being spread by your own pages that it's hard to tell what's true and what isn't. You really need someone to go through things like the FAQs, wipe them all, and start over with the real information. Especially when support will argue with you about how you're "wrong," when your own site says you're right, :p.
That said, it's all water under the bridge at this point. Just something you all really need to deal with so you don't have so much confusion from players.
On that note, can you please also respond to these sometime? One was bumped as requested and still left unresponded (which is why I hadn't bumped the other yet).
August 27, 2015, 02:47:16 PM
Right
Thank you for the update. Poker websites have to move to a 1 confirmation model because of the abuse that would take place for instant deposits with zero confirmations. We are working on some innovations along this line as well. Thank you.
August 26, 2015, 03:51:18 PM
Right
August 26, 2015, 03:44:53 PM
Seems to be working now.
August 26, 2015, 03:09:34 PM
I get this error when I click:
Bonuses: http://www.xolr.com/ss/2015082620085497.png
Notifications: http://www.xolr.com/ss/20150826200959750.png
Inbox: http://www.xolr.com/ss/20150826201038891.png
Settings: http://www.xolr.com/ss/20150826201100664.png
It seems to be anything account related I get these issues. Heh first time on the site and this happens, no worries or anything though.
Bonuses: http://www.xolr.com/ss/2015082620085497.png
Notifications: http://www.xolr.com/ss/20150826200959750.png
Inbox: http://www.xolr.com/ss/20150826201038891.png
Settings: http://www.xolr.com/ss/20150826201100664.png
It seems to be anything account related I get these issues. Heh first time on the site and this happens, no worries or anything though.
August 26, 2015, 03:07:59 PM
I am still having the problem.
August 26, 2015, 03:04:12 PM
There was a quick wallet update for a few accounts but please confirm this is back to normal for you. Thank you as always for playing with us!
August 26, 2015, 02:58:43 PM
August 26, 2015, 02:34:03 PM
The Rakeback Promo is now expired and will resume completely automated in a very short time. We thank everyone for there support with this amazing promotion and we will be providing bonuses for those that continue to assist in starting tables.
August 25, 2015, 12:59:29 PM
and of course all of you know that I wasn't exploiting it
In my opinion, it's really not a big deal that you were doing it. But you were exploiting a mistake that Betcoin made, this is fact. It is a gamblers nature to find a weakness and exploit it, why are we acting as if this is some forbidden thing to do? Do we think the house doesn't exploit players with promotions, gimicks, etc to get as many deposits as possible and build a stable company?
Betcoin should consider that big players who hold their points more should get more money
if we take poker stars as example , their rakeback is based on FPP which is kind of similar to betcoin system but in PS with these points you can convert them to cash or shop and you can play free tourneys with them
I can't remember the numbers exactly but let's say that 100 FPP gives you 1 dollar then 1000 FPP should give you 10 dollars but in PS the more you convert the more your reward will be son in this case 1000 FPP will give you 11 dollars for example
even in there tourneys when you buy in with 2 FPP the prizepoll will be 20$ for example while playing 4FPP tourney will give you 50$ in the prize
if we take poker stars as example , their rakeback is based on FPP which is kind of similar to betcoin system but in PS with these points you can convert them to cash or shop and you can play free tourneys with them
I can't remember the numbers exactly but let's say that 100 FPP gives you 1 dollar then 1000 FPP should give you 10 dollars but in PS the more you convert the more your reward will be son in this case 1000 FPP will give you 11 dollars for example
even in there tourneys when you buy in with 2 FPP the prizepoll will be 20$ for example while playing 4FPP tourney will give you 50$ in the prize
Actually Betcoin VIP structure is very similiar to pokerstars, the way you are describing it is not accurate.
Betcoin has Status Points and Betcoin Points.
Stars has VPPs and FPPs
Everyone earns VPPs/Status points at the same rate, but they are not spent - only accumulated.
As you accumulate more and more VPPs/StatusPoints, you will earn FPPs/Betcoin points at a higher rate according to your VIP level.
One big difference is that pokerstars VPPs(VIP level) resets every year on Jan 1st.
Betcoins doesn't.
Thank you cryptosmoker for your analysis. The VIP structure is modeled very closely after Pokerstars and includes a variety of other innovations developed from some successful freemium models. We will continue to improve this system as we move forward and give people the opportunity to really create value with their profiles. Thank you for playing with us.
August 25, 2015, 11:43:07 AM
and of course all of you know that I wasn't exploiting it
In my opinion, it's really not a big deal that you were doing it. But you were exploiting a mistake that Betcoin made, this is fact. It is a gamblers nature to find a weakness and exploit it, why are we acting as if this is some forbidden thing to do? Do we think the house doesn't exploit players with promotions, gimicks, etc to get as many deposits as possible and build a stable company?
Betcoin should consider that big players who hold their points more should get more money
if we take poker stars as example , their rakeback is based on FPP which is kind of similar to betcoin system but in PS with these points you can convert them to cash or shop and you can play free tourneys with them
I can't remember the numbers exactly but let's say that 100 FPP gives you 1 dollar then 1000 FPP should give you 10 dollars but in PS the more you convert the more your reward will be son in this case 1000 FPP will give you 11 dollars for example
even in there tourneys when you buy in with 2 FPP the prizepoll will be 20$ for example while playing 4FPP tourney will give you 50$ in the prize
if we take poker stars as example , their rakeback is based on FPP which is kind of similar to betcoin system but in PS with these points you can convert them to cash or shop and you can play free tourneys with them
I can't remember the numbers exactly but let's say that 100 FPP gives you 1 dollar then 1000 FPP should give you 10 dollars but in PS the more you convert the more your reward will be son in this case 1000 FPP will give you 11 dollars for example
even in there tourneys when you buy in with 2 FPP the prizepoll will be 20$ for example while playing 4FPP tourney will give you 50$ in the prize
Actually Betcoin VIP structure is very similiar to pokerstars, the way you are describing it is not accurate.
Betcoin has Status Points and Betcoin Points.
Stars has VPPs and FPPs
Everyone earns VPPs/Status points at the same rate, but they are not spent - only accumulated.
As you accumulate more and more VPPs/StatusPoints, you will earn FPPs/Betcoin points at a higher rate according to your VIP level.
One big difference is that pokerstars VPPs(VIP level) resets every year on Jan 1st.
Betcoins doesn't.
Edit: I may be mixing up FPP and VPP
August 24, 2015, 11:04:31 PM
Any news on the Freebuys Series II that starts Friday?
August 24, 2015, 10:23:20 PM
thanks Betcoin and thank ranlo and wwin for the discussion
glad to see betcoin will respond to this , cause in any cases this should be fixed
and of course all of you know that I wasn't exploiting it otherwise I wouldn't publish that but since we opened the discussion let's hope that will develop Betcoin a little
Betcoin should consider that big players who hold their points more should get more money
if we take poker stars as example , their rakeback is based on FPP which is kind of similar to betcoin system but in PS with these points you can convert them to cash or shop and you can play free tourneys with them
I can't remember the numbers exactly but let's say that 100 FPP gives you 1 dollar then 1000 FPP should give you 10 dollars but in PS the more you convert the more your reward will be son in this case 1000 FPP will give you 11 dollars for example
even in there tourneys when you buy in with 2 FPP the prizepoll will be 20$ for example while playing 4FPP tourney will give you 50$ in the prize
glad to see betcoin will respond to this , cause in any cases this should be fixed
and of course all of you know that I wasn't exploiting it otherwise I wouldn't publish that but since we opened the discussion let's hope that will develop Betcoin a little
Betcoin should consider that big players who hold their points more should get more money
if we take poker stars as example , their rakeback is based on FPP which is kind of similar to betcoin system but in PS with these points you can convert them to cash or shop and you can play free tourneys with them
I can't remember the numbers exactly but let's say that 100 FPP gives you 1 dollar then 1000 FPP should give you 10 dollars but in PS the more you convert the more your reward will be son in this case 1000 FPP will give you 11 dollars for example
even in there tourneys when you buy in with 2 FPP the prizepoll will be 20$ for example while playing 4FPP tourney will give you 50$ in the prize
August 24, 2015, 06:03:43 PM
The conversion rate is 66points = 1 chip.
When you convert 66points you should get 1 chip.
When you convert 7 points you should get .106 chips.
Since they only use two decimal points, it gets rounded up to .11.
When you convert 7 points, you are getting more chips than you should.
Players shouldn't be punished for finding this error, but it is obviously an error.
When you convert 66points you should get 1 chip.
When you convert 7 points you should get .106 chips.
Since they only use two decimal points, it gets rounded up to .11.
When you convert 7 points, you are getting more chips than you should.
Players shouldn't be punished for finding this error, but it is obviously an error.
Read the last page and a half. This is what I've been saying. wwwin, for whatever reason, wants to claim you only get 0.10 chips for 7 points, pushing this idea that I'm the one that's never converted before. It took me posting a screenshot to make him realize he has no idea what he's talking about. I'm not sure if he was just trying to pad his post count or what the hell is going on, but he clearly fails at interpretation, math, and critical thinking.
Actually I restested twice now and it's rounding up and down correctly after the upgrade and you are never going to get fractional chips beyond 2 decimal points. So for 7 chips according to my tests you should get .11 so you gain and for other amounts you may lose some fractional chips. So this balances out. There is nothing wrong with the current system.
I don't think the other player was exploiting anything sometimes you win and sometime you lose and it looks as if he had already discussed this with Betcoin. He was smart about it and you were not, even when you excel at interpretation, math, and critical thinking. The system is working the way is supposed to be working because if they change it to always round it down then you are going to get short changed approximately half of the time if you randomly convert betcoins amounts.
August 24, 2015, 05:39:41 PM
The conversion rate is 66points = 1 chip.
When you convert 66points you should get 1 chip.
When you convert 7 points you should get .106 chips.
Since they only use two decimal points, it gets rounded up to .11.
When you convert 7 points, you are getting more chips than you should.
Players shouldn't be punished for finding this error, but it is obviously an error.
When you convert 66points you should get 1 chip.
When you convert 7 points you should get .106 chips.
Since they only use two decimal points, it gets rounded up to .11.
When you convert 7 points, you are getting more chips than you should.
Players shouldn't be punished for finding this error, but it is obviously an error.
Read the last page and a half. This is what I've been saying. wwwin, for whatever reason, wants to claim you only get 0.10 chips for 7 points, pushing this idea that I'm the one that's never converted before. It took me posting a screenshot to make him realize he has no idea what he's talking about. I'm not sure if he was just trying to pad his post count or what the hell is going on, but he clearly fails at interpretation, math, and critical thinking.
August 24, 2015, 05:35:11 PM
The conversion rate is 66points = 1 chip.
When you convert 66points you should get 1 chip.
When you convert 7 points you should get .106 chips.
Since they only use two decimal points, it gets rounded up to .11.
When you convert 7 points, you are getting more chips than you should.
Players shouldn't be punished for finding this error, but it is obviously an error.
When you convert 66points you should get 1 chip.
When you convert 7 points you should get .106 chips.
Since they only use two decimal points, it gets rounded up to .11.
When you convert 7 points, you are getting more chips than you should.
Players shouldn't be punished for finding this error, but it is obviously an error.
August 24, 2015, 05:08:34 PM
, when you convert your points without putting big amounts each 7 points will give you 0.11 chips
that means 63 points will give you 0.99 chips , while when you conver big amonts every 66 points will give you 1 chip
that means 63 points will give you 0.99 chips , while when you conver big amonts every 66 points will give you 1 chip
He is not exploiting anything. You are supposed to get .11 for 7 betcoins.
This is what I see when i go to convert...
This equals 0.106 chips per 7 Betcoin Points. What they're doing is essentially exploiting the rounding error from 0.106 to 0.11 (as Betcoin doesn't convert in fractions) to get a ~9% bonus.
Betcoin said they round down...so next time you convert..do the math based on how many chips or fraction of chips you got...and you will see that it is less than 1 chip for 66 betcoins. SyGambler has not done anything wrong.
What he said was literally "Typically, the correction is a round down scenario." In other words, that's what's likely going to happen when they fix the issue. Not what happens now. Aka, it is NOT working as intended, and they are going to be fixing it soon. Basic English, my friend.
They are not going to fix anything as the way it is now you never get the full amount they always round it down no matter what...I have done the math, SyGambler has done the math...and you are naïve in taking at face value that you get 1 chip per 66 betcoins without confirming it.
So if you convert 66 points at once, you get 1.04 chips instead of 1.00? I don't have 66 to test that with at the moment.
Simple English....I said you get less then 1 for 66. And you don't need 66 chips to test it. It is always rounded down no matter what.
I'm not seeing how you don't see the issue, then. Let's assume you get MORE for 66 chips (at 1.00). You get 0.11 chips for 7 points, which is equivalent to getting (.11/7 = 0.01571 * 66 =) 1.0371 chips when turning in 66.
In other words, you are getting MORE when you convert 7 at a time, by a factor of at least 3.714% (and that's assuming 66 points gave 1.00 chips. If it gives less, the difference is even larger).
This is seriously basic math.
You are too dense...its not theory, it is what is actually happening when you convert...they round down 2 places in decimal in chips when converting... If you convert and the formula should give you 10.109 chips you only get credited 10.10.
Same thing when you deposit except you don't get any credit for partial chips.
Instead of bringing all these theories why don't you try it and see what you get and post the results. Post the number of betcoins you converted and post how many chips you got.
Just converted 7 points. New balance: 0.11 chips.
So 66 points should give (0.11/7=0.01571*66=1.0371). If we round that down, as you say, that's 1.03 chips. But you said it gives less. So converting 7 at a time results in more earnings than doing a block of 66.
August 24, 2015, 04:42:56 PM
, when you convert your points without putting big amounts each 7 points will give you 0.11 chips
that means 63 points will give you 0.99 chips , while when you conver big amonts every 66 points will give you 1 chip
that means 63 points will give you 0.99 chips , while when you conver big amonts every 66 points will give you 1 chip
He is not exploiting anything. You are supposed to get .11 for 7 betcoins.
This is what I see when i go to convert...
This equals 0.106 chips per 7 Betcoin Points. What they're doing is essentially exploiting the rounding error from 0.106 to 0.11 (as Betcoin doesn't convert in fractions) to get a ~9% bonus.
Betcoin said they round down...so next time you convert..do the math based on how many chips or fraction of chips you got...and you will see that it is less than 1 chip for 66 betcoins. SyGambler has not done anything wrong.
What he said was literally "Typically, the correction is a round down scenario." In other words, that's what's likely going to happen when they fix the issue. Not what happens now. Aka, it is NOT working as intended, and they are going to be fixing it soon. Basic English, my friend.
They are not going to fix anything as the way it is now you never get the full amount they always round it down no matter what...I have done the math, SyGambler has done the math...and you are naïve in taking at face value that you get 1 chip per 66 betcoins without confirming it.
So if you convert 66 points at once, you get 1.04 chips instead of 1.00? I don't have 66 to test that with at the moment.
Simple English....I said you get less then 1 for 66. And you don't need 66 chips to test it. It is always rounded down no matter what.
I'm not seeing how you don't see the issue, then. Let's assume you get MORE for 66 chips (at 1.00). You get 0.11 chips for 7 points, which is equivalent to getting (.11/7 = 0.01571 * 66 =) 1.0371 chips when turning in 66.
In other words, you are getting MORE when you convert 7 at a time, by a factor of at least 3.714% (and that's assuming 66 points gave 1.00 chips. If it gives less, the difference is even larger).
This is seriously basic math.
August 24, 2015, 04:34:53 PM
, when you convert your points without putting big amounts each 7 points will give you 0.11 chips
that means 63 points will give you 0.99 chips , while when you conver big amonts every 66 points will give you 1 chip
that means 63 points will give you 0.99 chips , while when you conver big amonts every 66 points will give you 1 chip
He is not exploiting anything. You are supposed to get .11 for 7 betcoins.
This is what I see when i go to convert...
This equals 0.106 chips per 7 Betcoin Points. What they're doing is essentially exploiting the rounding error from 0.106 to 0.11 (as Betcoin doesn't convert in fractions) to get a ~9% bonus.
Betcoin said they round down...so next time you convert..do the math based on how many chips or fraction of chips you got...and you will see that it is less than 1 chip for 66 betcoins. SyGambler has not done anything wrong.
What he said was literally "Typically, the correction is a round down scenario." In other words, that's what's likely going to happen when they fix the issue. Not what happens now. Aka, it is NOT working as intended, and they are going to be fixing it soon. Basic English, my friend.
They are not going to fix anything as the way it is now you never get the full amount they always round it down no matter what...I have done the math, SyGambler has done the math...and you are naïve in taking at face value that you get 1 chip per 66 betcoins without confirming it.
So if you convert 66 points at once, you get 1.04 chips instead of 1.00? I don't have 66 to test that with at the moment.
Jump to: