BetKing.io - 20% Rakeback Christmas Bonus - Most trusted Bitcoin Dice site - page 119.

LtPaxIV

sr. member

Activity: 400

Merit: 250

Quote from: masterzino on February 07, 2015, 06:07:46 PM

Quote from: PocketRocketsCasino on February 07, 2015, 04:03:33 PM

Today's lottery draw over.
Player pavulon matched 3 numbers and won 0.02 Bitcoin.
Tickets for tomorrows draw available now.
Good luck

I dont think anybody is going to play

Code:

pick 6 at 0.001000 per bet; chances of hitting 3: 1.765040% 4: 0.096862% 5: 0.001845% 6: 0.000007% payout per unit bet: 0.8943 edge 10.569%
pick 7 at 0.002040 per bet; chances of hitting 3: 2.873322% 4: 0.215499% 5: 0.006307% 6: 0.000050% payout per unit bet: 0.8953 edge 10.470%
pick 8 at 0.003730 per bet; chances of hitting 3: 4.268935% 4: 0.410475% 5: 0.016419% 6: 0.000200% payout per unit bet: 0.8945 edge 10.545%
pick 9 at 0.006300 per bet; chances of hitting 3: 5.934861% 4: 0.702812% 5: 0.036042% 6: 0.000601% payout per unit bet: 0.8925 edge 10.754%

u do realize that this is a lottery ,not dice right?
or do u think in real life noone plays lotto with the same odds

PocketRocketsCasino

legendary

Activity: 882

Merit: 1000

Quote from: masterzino on February 07, 2015, 06:07:46 PM

Quote from: PocketRocketsCasino on February 07, 2015, 04:03:33 PM

Today's lottery draw over.
Player pavulon matched 3 numbers and won 0.02 Bitcoin.
Tickets for tomorrows draw available now.
Good luck

I dont think anybody is going to play

Well people are winning so people must be playing.

masterzino

hero member

Activity: 1218

Merit: 513

Quote from: PocketRocketsCasino on February 07, 2015, 04:03:33 PM

Today's lottery draw over.
Player pavulon matched 3 numbers and won 0.02 Bitcoin.
Tickets for tomorrows draw available now.
Good luck

I dont think anybody is going to play

Code:

pick 6 at 0.001000 per bet; chances of hitting 3: 1.765040% 4: 0.096862% 5: 0.001845% 6: 0.000007% payout per unit bet: 0.8943 edge 10.569%
pick 7 at 0.002040 per bet; chances of hitting 3: 2.873322% 4: 0.215499% 5: 0.006307% 6: 0.000050% payout per unit bet: 0.8953 edge 10.470%
pick 8 at 0.003730 per bet; chances of hitting 3: 4.268935% 4: 0.410475% 5: 0.016419% 6: 0.000200% payout per unit bet: 0.8945 edge 10.545%
pick 9 at 0.006300 per bet; chances of hitting 3: 5.934861% 4: 0.702812% 5: 0.036042% 6: 0.000601% payout per unit bet: 0.8925 edge 10.754%

PocketRocketsCasino

legendary

Activity: 882

Merit: 1000

Today's lottery draw over.
Player pavulon matched 3 numbers and won 0.02 Bitcoin.
Tickets for tomorrows draw available now.
Good luck

Jarx

sr. member

Activity: 574

Merit: 253

Quote from: iCECooLSNiPAH on February 07, 2015, 01:23:50 PM

Ok thank you for clearing that up. For how long have you had such a considerable bankroll? I know it might sound naive, but what would you say makes you more trustworthy than the competition?

I don't think owner of PRC is trustworthy or untrustworthy. I know that he didn't scammed no one and I hope he won't.

But another important point when investing PRC is: when you make investment, PRC is not cutting commissions every week or when de-investing. PRC is taking %0.01 of every bet, rest of it to the investors. This can be risky in short term but mathematically same thing like JustDice or BitDice.

iCECooLSNiPAH

newbie

Activity: 7

Merit: 0

Quote from: PocketRocketsCasino on February 07, 2015, 12:28:09 PM

Quote from: iCECooLSNiPAH on February 07, 2015, 12:24:31 PM

I have a little over 100btc in long term holdings. Looking to invest (not necessarily gambling). What is the reputation of this site and owner? How come it has such a significant bankroll but it is only a few months old?

Does anyone here have a significant investment there? If yes, what made you decide to trust this site with your coins?

Hi
The site isn't actually a few months old. It first launched on April 2013. What you are referring to is the new updated design/site that went live on 31 December 2014.

Ok thank you for clearing that up. For how long have you had such a considerable bankroll? I know it might sound naive, but what would you say makes you more trustworthy than the competition?

PocketRocketsCasino

legendary

Activity: 882

Merit: 1000

Quote from: iCECooLSNiPAH on February 07, 2015, 12:24:31 PM

I have a little over 100btc in long term holdings. Looking to invest (not necessarily gambling). What is the reputation of this site and owner? How come it has such a significant bankroll but it is only a few months old?

Does anyone here have a significant investment there? If yes, what made you decide to trust this site with your coins?

Hi
The site isn't actually a few months old. It first launched on April 2013. What you are referring to is the new updated design/site that went live on 31 December 2014.

iCECooLSNiPAH

newbie

Activity: 7

Merit: 0

I have a little over 100btc in long term holdings. Looking to invest (not necessarily gambling). What is the reputation of this site and owner? How come it has such a significant bankroll but it is only a few months old?

Does anyone here have a significant investment there? If yes, what made you decide to trust this site with your coins?

bigpoppah

newbie

Activity: 43

Merit: 0

give us the algorithm used to calculate the lottery numbers.

ninjaboon

legendary

Activity: 2128

Merit: 1002

Quote from: PocketRocketsCasino on February 05, 2015, 04:14:53 PM

Quote from: ninjaboon on February 05, 2015, 04:05:21 PM

Quote from: PocketRocketsCasino on February 05, 2015, 04:00:30 PM

Today's lottery draw results: 6, 10, 18, 26, 35, 45

Two winners matched 3 numbers. Prize of 0.02 goes to daCoops and seuntjie

New draw open now.

new lottery ? seems interesting. it ends at 5am my time.

https://bitcointalksearch.org/topic/m.10356147

Yeah this is only second day. It's been suggested to show the time the draw ends in your local time zone so will add that in asap.

local time zone will be easier for the ticket holders, thanks.

PocketRocketsCasino

legendary

Activity: 882

Merit: 1000

Quote from: ninjaboon on February 05, 2015, 04:05:21 PM

Quote from: PocketRocketsCasino on February 05, 2015, 04:00:30 PM

Today's lottery draw results: 6, 10, 18, 26, 35, 45

Two winners matched 3 numbers. Prize of 0.02 goes to daCoops and seuntjie

New draw open now.

new lottery ? seems interesting. it ends at 5am my time.

https://bitcointalksearch.org/topic/m.10356147

Yeah this is only second day. It's been suggested to show the time the draw ends in your local time zone so will add that in asap.

ninjaboon

legendary

Activity: 2128

Merit: 1002

Quote from: PocketRocketsCasino on February 05, 2015, 04:00:30 PM

Today's lottery draw results: 6, 10, 18, 26, 35, 45

Two winners matched 3 numbers. Prize of 0.02 goes to daCoops and seuntjie

New draw open now.

new lottery ? seems interesting. it ends at 5am my time.

https://bitcointalksearch.org/topic/m.10356147

PocketRocketsCasino

legendary

Activity: 882

Merit: 1000

Today's lottery draw results: 6, 10, 18, 26, 35, 45

Two winners matched 3 numbers. Prize of 0.02 goes to daCoops and seuntjie

New draw open now.

PocketRocketsCasino

legendary

Activity: 882

Merit: 1000

Quote from: dooglus on February 05, 2015, 02:26:28 AM

Quote from: PocketRocketsCasino on February 04, 2015, 07:58:33 PM

Modified the lottery game.

Prizes are now:
6 numbers = 10 Bitcoin
5 numbers = 2 Bitcoin
4 numbers = 0.52 Bitcoin (increased)
3 numbers = 0.02 Bitcoin (increased)

The ticket prices for 7,8 and 9 ball games are now all much smaller.
6 balls = 0.001 Bitcoin
7 balls = 0.00204 Bitcoin
8 balls = 0.00373 Bitcoin
9 balls = 0.0063 Bitcoin

Now I get a little over 10% house edge for each game, assuming that the 10 BTC prize isn't shared, and even higher if it is shared.

Quote

pick 6 at 0.001000 per bet; chances of hitting 3: 1.765040% 4: 0.096862% 5: 0.001845% 6: 0.000007% payout per unit bet: 0.8943 edge 10.569%
pick 7 at 0.002040 per bet; chances of hitting 3: 2.873322% 4: 0.215499% 5: 0.006307% 6: 0.000050% payout per unit bet: 0.8953 edge 10.470%
pick 8 at 0.003730 per bet; chances of hitting 3: 4.268935% 4: 0.410475% 5: 0.016419% 6: 0.000200% payout per unit bet: 0.8945 edge 10.545%
pick 9 at 0.006300 per bet; chances of hitting 3: 5.934861% 4: 0.702812% 5: 0.036042% 6: 0.000601% payout per unit bet: 0.8925 edge 10.754%

Do you get the same?

And is the 10 BTC 'jackpot' shared between winners if multiple people hit it?

Yes same results, around 10% is the intention. The jackpot is split.
The edge will decrease as the prizepool increases.
Depending on the popularity I may allow investment in the lottery prizepool which would allow obviously a higher prize but would decrease the edge further.

blockage

member

Activity: 100

Merit: 10

Vires in numeris.

Quote from: dooglus on February 05, 2015, 02:26:28 AM

Now I get a little over 10% house edge for each game, assuming that the 10 BTC prize isn't shared, and even higher if it is shared.

Quote

pick 6 at 0.001000 per bet; chances of hitting 3: 1.765040% 4: 0.096862% 5: 0.001845% 6: 0.000007% payout per unit bet: 0.8943 edge 10.569%
pick 7 at 0.002040 per bet; chances of hitting 3: 2.873322% 4: 0.215499% 5: 0.006307% 6: 0.000050% payout per unit bet: 0.8953 edge 10.470%
pick 8 at 0.003730 per bet; chances of hitting 3: 4.268935% 4: 0.410475% 5: 0.016419% 6: 0.000200% payout per unit bet: 0.8945 edge 10.545%
pick 9 at 0.006300 per bet; chances of hitting 3: 5.934861% 4: 0.702812% 5: 0.036042% 6: 0.000601% payout per unit bet: 0.8925 edge 10.754%

Do you get the same?

Yes I get the same numbers if the jackpot wasn't split:
10.569475%, 10.470033%, 10.545384%, 10.753974%

dooglus

legendary

Activity: 2940

Merit: 1333

Quote from: PocketRocketsCasino on February 04, 2015, 07:58:33 PM

Modified the lottery game.

Prizes are now:
6 numbers = 10 Bitcoin
5 numbers = 2 Bitcoin
4 numbers = 0.52 Bitcoin (increased)
3 numbers = 0.02 Bitcoin (increased)

The ticket prices for 7,8 and 9 ball games are now all much smaller.
6 balls = 0.001 Bitcoin
7 balls = 0.00204 Bitcoin
8 balls = 0.00373 Bitcoin
9 balls = 0.0063 Bitcoin

Now I get a little over 10% house edge for each game, assuming that the 10 BTC prize isn't shared, and even higher if it is shared.

Quote

pick 6 at 0.001000 per bet; chances of hitting 3: 1.765040% 4: 0.096862% 5: 0.001845% 6: 0.000007% payout per unit bet: 0.8943 edge 10.569%
pick 7 at 0.002040 per bet; chances of hitting 3: 2.873322% 4: 0.215499% 5: 0.006307% 6: 0.000050% payout per unit bet: 0.8953 edge 10.470%
pick 8 at 0.003730 per bet; chances of hitting 3: 4.268935% 4: 0.410475% 5: 0.016419% 6: 0.000200% payout per unit bet: 0.8945 edge 10.545%
pick 9 at 0.006300 per bet; chances of hitting 3: 5.934861% 4: 0.702812% 5: 0.036042% 6: 0.000601% payout per unit bet: 0.8925 edge 10.754%

Do you get the same?

And is the 10 BTC 'jackpot' shared between winners if multiple people hit it?

theskillzdatklls

hero member

Activity: 1328

Merit: 563

MintDice.com | TG: t.me/MintDice

glad to see innovations dean. keep up the honesty/integrity and hard work and you'll have the best site out there sooner or later.

PocketRocketsCasino

legendary

Activity: 882

Merit: 1000

Modified the lottery game.

Prizes are now:
6 numbers = 10 Bitcoin
5 numbers = 2 Bitcoin
4 numbers = 0.52 Bitcoin (increased)
3 numbers = 0.02 Bitcoin (increased)

The ticket prices for 7,8 and 9 ball games are now all much smaller.
6 balls = 0.001 Bitcoin
7 balls = 0.00204 Bitcoin
8 balls = 0.00373 Bitcoin
9 balls = 0.0063 Bitcoin

PocketRocketsCasino

legendary

Activity: 882

Merit: 1000

Quote from: dooglus on February 04, 2015, 04:43:01 PM

Quote from: PocketRocketsCasino on February 04, 2015, 03:54:47 PM

Quote from: ?? on ??

Quote from: PocketRocketsCasino on February 04, 2015, 03:47:40 PM

I assumed that anyone playing the 7,8,9 ball game would only do so to try and have more chance of hitting jackpot.

They do, but you charge 30x as much for someone to have a 7x chance of winning it. The numbers don't really make any sense Tongue

Removed the 7,8,9 ball options and come up with a better price/prize.

It was not meant for or expected any seasoned gamblers to try and play. It was a little fun since people kept asking for a lotto in chat.
I'll change it tonight.

First draw had one winner though

I checked the math, and it seems fine. Here are my numbers, along with the price per ticket you need to charge to have a 1% edge:

Quote

pick 6 at 0.001000 per bet; chances of hitting 3: 1.765040% 4: 0.096862% 5: 0.001845% 6: 0.000007% payout: 0.4078 edge 59.216%
pick 6 at 0.000412 per bet; chances of hitting 3: 1.765040% 4: 0.096862% 5: 0.001845% 6: 0.000007% payout: 0.9899 edge 1.009%
pick 6 at 0.000411 per bet; chances of hitting 3: 1.765040% 4: 0.096862% 5: 0.001845% 6: 0.000007% payout: 0.9923 edge 0.768%

pick 7 at 0.030000 per bet; chances of hitting 3: 2.873322% 4: 0.215499% 5: 0.006307% 6: 0.000050% payout: 0.0283 edge 97.168%
pick 7 at 0.000859 per bet; chances of hitting 3: 2.873322% 4: 0.215499% 5: 0.006307% 6: 0.000050% payout: 0.9889 edge 1.108%
pick 7 at 0.000858 per bet; chances of hitting 3: 2.873322% 4: 0.215499% 5: 0.006307% 6: 0.000050% payout: 0.9901 edge 0.993%

pick 8 at 0.100000 per bet; chances of hitting 3: 4.268935% 4: 0.410475% 5: 0.016419% 6: 0.000200% payout: 0.0160 edge 98.404%
pick 8 at 0.001613 per bet; chances of hitting 3: 4.268935% 4: 0.410475% 5: 0.016419% 6: 0.000200% payout: 0.9896 edge 1.039%
pick 8 at 0.001612 per bet; chances of hitting 3: 4.268935% 4: 0.410475% 5: 0.016419% 6: 0.000200% payout: 0.9902 edge 0.977%

pick 9 at 0.300000 per bet; chances of hitting 3: 5.934861% 4: 0.702812% 5: 0.036042% 6: 0.000601% payout: 0.0093 edge 99.073%
pick 9 at 0.002809 per bet; chances of hitting 3: 5.934861% 4: 0.702812% 5: 0.036042% 6: 0.000601% payout: 0.9897 edge 1.032%
pick 9 at 0.002808 per bet; chances of hitting 3: 5.934861% 4: 0.702812% 5: 0.036042% 6: 0.000601% payout: 0.9900 edge 0.997%

It's good of you to remove the 97%, 98%, and 99% house edge games, but you're still running the 59% edge 6-pick game. 59% is really excessive for a house edge. Players would be better of playing the state lottery.

Also, what do you do if multiple people match 6 numbers? If you share the 10 BTC prize between them then the house edge is even higher than 59%.

Edit: also note that if you are sharing the 10 BTC jackpot between winning players then the game isn't provably fair either. The house knows which numbers will win and can play them to reduce the amount it has to pay out to real winners.

Yeah just chatting on site about this and it's still far too high for even the normal 6 numbers game. So I have taken that off too for now.

It was intended as a little side game for fun as people mentioned it in chat (though using dice rolls to pick numbers etc) but there was an error in my edge calculation making it not too fair.

I'll modify it tonight to have less edge.

dooglus

legendary

Activity: 2940

Merit: 1333

Quote from: PocketRocketsCasino on February 04, 2015, 03:54:47 PM

Quote from: ?? on ??

Quote from: PocketRocketsCasino on February 04, 2015, 03:47:40 PM

I assumed that anyone playing the 7,8,9 ball game would only do so to try and have more chance of hitting jackpot.

They do, but you charge 30x as much for someone to have a 7x chance of winning it. The numbers don't really make any sense Tongue

Removed the 7,8,9 ball options and come up with a better price/prize.

It was not meant for or expected any seasoned gamblers to try and play. It was a little fun since people kept asking for a lotto in chat.
I'll change it tonight.

First draw had one winner though

I checked the math, and it seems fine. Here are my numbers, along with the price per ticket you need to charge to have a 1% edge:

Quote

pick 6 at 0.001000 per bet; chances of hitting 3: 1.765040% 4: 0.096862% 5: 0.001845% 6: 0.000007% payout: 0.4078 edge 59.216%
pick 6 at 0.000412 per bet; chances of hitting 3: 1.765040% 4: 0.096862% 5: 0.001845% 6: 0.000007% payout: 0.9899 edge 1.009%
pick 6 at 0.000411 per bet; chances of hitting 3: 1.765040% 4: 0.096862% 5: 0.001845% 6: 0.000007% payout: 0.9923 edge 0.768%

pick 7 at 0.030000 per bet; chances of hitting 3: 2.873322% 4: 0.215499% 5: 0.006307% 6: 0.000050% payout: 0.0283 edge 97.168%
pick 7 at 0.000859 per bet; chances of hitting 3: 2.873322% 4: 0.215499% 5: 0.006307% 6: 0.000050% payout: 0.9889 edge 1.108%
pick 7 at 0.000858 per bet; chances of hitting 3: 2.873322% 4: 0.215499% 5: 0.006307% 6: 0.000050% payout: 0.9901 edge 0.993%

pick 8 at 0.100000 per bet; chances of hitting 3: 4.268935% 4: 0.410475% 5: 0.016419% 6: 0.000200% payout: 0.0160 edge 98.404%
pick 8 at 0.001613 per bet; chances of hitting 3: 4.268935% 4: 0.410475% 5: 0.016419% 6: 0.000200% payout: 0.9896 edge 1.039%
pick 8 at 0.001612 per bet; chances of hitting 3: 4.268935% 4: 0.410475% 5: 0.016419% 6: 0.000200% payout: 0.9902 edge 0.977%

pick 9 at 0.300000 per bet; chances of hitting 3: 5.934861% 4: 0.702812% 5: 0.036042% 6: 0.000601% payout: 0.0093 edge 99.073%
pick 9 at 0.002809 per bet; chances of hitting 3: 5.934861% 4: 0.702812% 5: 0.036042% 6: 0.000601% payout: 0.9897 edge 1.032%
pick 9 at 0.002808 per bet; chances of hitting 3: 5.934861% 4: 0.702812% 5: 0.036042% 6: 0.000601% payout: 0.9900 edge 0.997%

It's good of you to remove the 97%, 98%, and 99% house edge games, but you're still running the 59% edge 6-pick game. 59% is really excessive for a house edge. Players would be better of playing the state lottery.

Also, what do you do if multiple people match 6 numbers? If you share the 10 BTC prize between them then the house edge is even higher than 59%.

Edit: also note that if you are sharing the 10 BTC jackpot between winning players then the game isn't provably fair either. The house knows which numbers will win and can play them to reduce the amount it has to pay out to real winners.

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