Topic: BetCoin.TM Bitcoin Casino | Poker | Slots | Sports | Live Dealers | And More! - page 43. (Read 49073 times)

Now the service is offline probably because Christmas but I'm not sure for it
because I have not seen them publish the official announcement of the termination of withdrawal
can only wait for the owner online 

Problem on withdrawal again? Just like as before that I cant request a withdrawal, stuck after clicking the cash out button and nothing happened. Is it because there is no online support on Christmas?

I did but still not fixed

he odds dont seem right to me and suppprt ALMOST never answers.

Ive been play their poker alot of time and doesn't find any problem with it.
Won few time on 3rd and 4th place.
But im not sure where to verify it and i dont know if it provably fair or not.

But what do you mean by "what card are coming out and people wins with all of kind?"

I have get this problem too, but it solved. I think you must contact support in that site. It will be resolve your problem

your poker software is so unreal (guess that is same as of nitrogens)
what cards are comming out and people wins with all kind of shits 24/7 its hard to know poker like that.. and that "hash" code where can i verify it?
regards.
-Katerniko1

"Sorry, access to our multiplayer poker room is restricted for VPN users or users who have multiple accounts. Please disable your VPN to access the poker room and contact our support if you have multiple accounts, so we can provide access to poker for you"

i don't use vpn and i don't have any other account in your site.

username : gildarts

take a look thank you !

I was going by this:


Subtracting 3.01 from 2.10 would leave my balance negative, and so unable to withdraw anything.

Are you saying I can do the following?

1) deposit 1 BTC
2) get 3.01 BTC added to my balance, for a total of 4.01 BTC
3) bet the 3.01 BTC bonus until I either lose it or clear the bonus
4) withdraw my initial 1 BTC, which I deliberately never risked.

If so, then we're back to the bonus being slightly +EV, and risk free. Yay!

Sorry it took me so long to understand. I either I'm really slow or the explanation on your site could use some serious improvement.

Right now you're not betting your deposit, as you can withdraw your bonus at anytime. It's still a process that is as risk-free as you want.

The bonus system is:

1. deposit X
2. 301% is added to X
3. rollover requirement is (X+(3.01*X))*388
4. if you don't meet the requirements, OR you choose to withdraw your original deposit, your original deposit is returned to you.

There's really not more to add than that.


Ah, I see where the misunderstanding is. If you cancel your bonus without actually dipping down into your own funds. I.e., if your balance is above 1 BTC - you will always withdraw BTC. Even if you had 2.10 in your balance, you'd walk out with 1.

What is your username?

Why you unlock my account and confiscate all BTC?
I lost 0.1031BTC

Have you asked the customer support or send a pm to OP? I think they have good support while they are online or offline.

still not fixed?

Only if they didn't lose anything at all yet, right? I deposit 1, you make it up to 4.01, I bet and lose 0.01 leaving 4 in my balance then cancel the bonus. What's my balance? It's not my original deposit is it? You take off 3.01 leaving just 0.99.


So I still don't understand it. How can I make 301% without actually betting anything? How can I not "start betting my deposit"?


As I understand it, it's impossible to bet without risking my own funds. When I cancel the bonus, you subtract the whole bonus amount. So I'm not betting that bonus money, I'm betting my deposit from the very first bet.


I still don't understand the current bonus system enough to give my thoughts on your proposed modification to it, sorry.

Exactly.



If the requirements are not met, then the original deposit amount is what's made available, but regardless, you are making a valid assessment provided the bettor wagered a portion of their funds towards the bonus.


Depends on the player - if you're willing to accept the odds of clearing 388x for 301%, and view it as such a prospect and thereby wager your own funds, I think it is fair to say that what you're saying is true. If you're going on the chance to make 301% without actually betting anything - which is what most people will do - then I don't agree. It all depends on whether or not you start betting your deposit.

It's a matter of perspective on the prospect of winning. If you're betting your own funds, the EV is lower. The deposit bonus can be zero risk, though, and in most cases is treated as such.

Off the top of me head, I really can't think of anyone that has bet their initial deposit on it - as you say, it's not really meant to be treated that way.

What I take away from this is that there needs to be an option - the no-risk deposit bonus vs. one that has a rollover well worth taking a risk on. 50x, perhaps. If we go with that... let's see:

200.5 * 0.0188 = 3.77

So considering that you'd need to bet 4.01 BTC - and taking 3.01 off the top right away - you'd stand to make about 0.24 BTC. This seems more fair to me, but of course the limit would have to be much lower for the actual deposit bonus than what we have now.

Thoughts?

OK, so I think I understand what you are saying now. It goes like this - correct me if I'm wrong:

----
I have two choices:

a) I can deposit 1 BTC, reject the bonus, play as much or as little as I like, and withdraw my whole balance.

b) I can deposit 1 BTC, accept the bonus, and have 4.01 in my balance. If I happen to wager enough to unlock the bonus I can withdraw whatever is in my balance up to 4.01 but no more. But at any time I can opt to cancel the bonus, which subtracts 3.01 from my balance and then I am free to withdraw whatever is left.
----

Is that correct? Does "cancel the bonus" mean "subtract 3.01 from my balance" in this case?

If I have all this right, then the bonus does seem to be +EV compared to not accepting it. The worst that can happen is that I lose 1 BTC in both cases, but having accepted the bonus there's a chance I lose more than 1 BTC but then recover it, using the bonus money.

So what happens in this hypothetical situation:

I depost 1 BTC, you give me 3.01 extra, so I have 4.01. I wager 387 times the bonus amount, and end up with 1000 BTC in my balance. I haven't unlocked the bonus yet because I need to wager 388 times to unlock it. I cancel the bonus. You take 3.01 off my balance. I have 996.99 left. I withdraw it.

Is that allowed? If not, why not? According to my new understanding of your bonus it seems like it should be allowed.

Edit: none of the above can be right. It's easily abused. And I see in the terms:

  "If you do not meet the requirements you will not be able to withdraw your winnings, but you will always be able to withdraw your own deposit amount"

and so "cancel the bonus" in this case means "if my balance is greater than 4.01, set it to 1, else subtract 3.01 from it". Is that right?

If so, then the deposit bonus *is* -EV, and should never be accepted - because it's very unlikely you will be able to make any profit at all. You have to wager a massive amount before it is possible to keep any profit you might happen to make, and even then you can only keep up to 3.01 of whatever you are lucky enough to make after wagering over 1500 BTC.

You see, the EV when you reject the bonus is close to zero (it's only around -0.0188 per BTC wagered) because wins cancel out losses. But if you accept the bonus the EV is much lower, because there's almost no possibility of winning, and a decent chance of losing.

You wrote:


Not a single one of these players who cancel their bonus before unlocking it are profiting from the bonus are they? They are ending up with the same or less than they deposited. That's why it's a bad deal to take the deposit bonus.

You compare it to the lottery, but that's not really valid.

In the lottery you pay $1 for a 1 in 2 million chance of winning $1 million. Crappy odds, the payout is only half of what it "should" be. The house take is 50%. You're unlikely to win, but when you do you get a good multiplier. 1 in 2 million to win, with a million times multiplier. Bad, but not horrible.

With your bonus, you say you have a 1 in 500 chance of 'winning' (ie. clearing the bonus) but when you do win, you only get a 4.1x payout. 1 in 500 chance of 4.1x is horrible odds. And so I'm back at my original position that nobody should take the deposit bonus, and that it is actually harmful to their expected value to do so.

Yeah, I was using VPN before and now I can access the poker game again after sent a message to support while they were offline. I have asked about it before while they were online but I got nothing..a bit funny but its OK because I can play poker again

Seems mostly member got this message in poker room. Maybe just need wait OP to solve the problem?
Well if really dont use vpn maybe just send message to support. They might help you with this.

 
 hi admin_betcoin.tm,

Can u please look into my account? i don't use vpn and im not sure if i already have an accnt, because if i already did sign up before i don't intend to multi-accnt. I havent visited your site until a few days ago and i signed up. please take a look into my accnt.
username: d_unknown4
thank you