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Topic: BetterBets.io presents - The game Changing, Wager WARZ Competition ! - page 3. (Read 3808 times)

hero member
Activity: 728
Merit: 500
Betterbets.io Casino
Five days left to place your bets, this whole game is simpler than betting on sports teams, and is another aspect to this industry to add value and entertainment.

TAKE ADVANTAGE OF THIS! Unless you want to keep seeing the same boring marketing that has existed in this industry since 2010 then participation in this event is crucial to bringing out a change.


Lets get this battle of teams started players Smiley
legendary
Activity: 1302
Merit: 1005
New Decentralized Nuclear Hobbit
We will post in this thread before chanhing any odds sir. Its in the OP. Yes betterbets is taking all the risk owner and us moderators. The bets are capped to allow as many ppl as we can to bet but at the same time we cant risk 100btc so we are keeping it reasonable. If someone wants to make 15 max bets and fill the .750 quota on an addy Its allowed per the rules. Anyone has the ability to check a betting addy and see how close to full it is.


Sure. Smiley
I got a bit confused and I was taking the "addy" as the player address (meaning 0.75 max per player's address) instead of the bet address, lol. Now it makes sense.
legendary
Activity: 2520
Merit: 1403
Anyway, just what I think. I am not affiliated with this. Actually they didn't told me in advance

Hahaha yeah this is more of a test run because this has never been done before  Cheesy

and I think they didn't even tell Rollin... how rebellious! Lol.

Bjorn told rollin and asked them to participate in it and reward their player incase they win, guess this healthy competition would benefit both site's player and definitely a game changer but Rollin replied that they are not gonna participating in it as they have some other promotions as well though so still this healthy competition still can be run even if they are not in it  Cheesy
legendary
Activity: 3626
Merit: 4439
Great competition, but sorry I should have brought up some stuff earlier:

As escrow, I'm only in control of the gambling addresses, and not going to personally guarantee that every winner gets paid (as it's not parimutuel betting, there's book maker (?) risk) which I don't want to be on the hook for.


Also, just to clarify when ever you change the odds ... everyones previous bets have the old odds locked in? Because presumably when people make a bet, they get their odds locked in (otherwise it wouldn't make sense, as the winning partys odds always trend towards one). So you'll keep a history of that?


And also, there's considerable risk in offering fixed odds. If someone puts 10s of bitcoins on one of the addresses, is this something you're prepared for?

LOL, that is precisely why I wasn't sure what exactly the rules are. Smiley

Yeah, someone has to keep track of which bets come at which odds (not much of a problem unless odds change frequently).

I am assuming betterbets is taking the well.. book maker's risk?



Okay, if the cap per address is 0.75BTC,
why is the max bet 0.05BTC?
can't I still bet a lot using different addresses? isn't that a bit risky? If the bets end up being too risky, would this competition be cancelled (if it is that is negative EV)?

And finally, what are the things that could result in the competition being cancelled? Is the size of total bets one of them?

We will post in this thread before chanhing any odds sir. Its in the OP. Yes betterbets is taking all the risk owner and us moderators. The bets are capped to allow as many ppl as we can to bet but at the same time we cant risk 100btc so we are keeping it reasonable. If someone wants to make 15 max bets and fill the .750 quota on an addy Its allowed per the rules. Anyone has the ability to check a betting addy and see how close to full it is.

legendary
Activity: 3626
Merit: 4439
This is just a test run to see how the event goes. If the results are favorable(meaning players enjoyed the friendly competition) then we will consider doing this more often.
legendary
Activity: 1876
Merit: 1289
DiceSites.com owner
I assume that they would simply hope people don't go betting multiple times 0.05BTC. Obviously technically you could anonymously use different addresses :p But it's just for fun, so personally hope people won't do that.

I would also assume that it's not "too risky" in any way because of the cap. The max they could lose is a couple coins and I assume they can afford that. If the cap is reached, they could consider different odds for future bets to still allow more bets.



Anyway, just what I think. I am not affiliated with this. Actually they didn't told me in advance and I think they didn't even tell Rollin... how rebellious! Lol. I think it's a fun thing within the gambling community though, which is why I support it with that extra page Smiley
legendary
Activity: 1302
Merit: 1005
New Decentralized Nuclear Hobbit
Great competition, but sorry I should have brought up some stuff earlier:

As escrow, I'm only in control of the gambling addresses, and not going to personally guarantee that every winner gets paid (as it's not parimutuel betting, there's book maker (?) risk) which I don't want to be on the hook for.


Also, just to clarify when ever you change the odds ... everyones previous bets have the old odds locked in? Because presumably when people make a bet, they get their odds locked in (otherwise it wouldn't make sense, as the winning partys odds always trend towards one). So you'll keep a history of that?


And also, there's considerable risk in offering fixed odds. If someone puts 10s of bitcoins on one of the addresses, is this something you're prepared for?

LOL, that is precisely why I wasn't sure what exactly the rules are. Smiley

Yeah, someone has to keep track of which bets come at which odds (not much of a problem unless odds change frequently).

I am assuming betterbets is taking the well.. book maker's risk?



Okay, if the cap per address is 0.75BTC,
why is the max bet 0.05BTC?
can't I still bet a lot using different addresses? isn't that a bit risky? If the bets end up being too risky, would this competition be cancelled (if it is that is negative EV)?

And finally, what are the things that could result in the competition being cancelled? Is the size of total bets one of them?
legendary
Activity: 2557
Merit: 1886
great post and there is a cap per each address of .750 we mustve forgot to add to the OP. good thing you caught this, coulda been a bad day Smiley i will have arallmuus fix this as soon as he is online.

Ah, this makes sense. With that cap, I can personally guarantee payments =)
legendary
Activity: 3626
Merit: 4439
Great competition, but sorry I should have brought up some stuff earlier:

As escrow, I'm only in control of the gambling addresses, and not going to personally guarantee that every winner gets paid (as it's not parimutuel betting, there's book maker (?) risk) which I don't want to be on the hook for.


Also, just to clarify when ever you change the odds ... everyones previous bets have the old odds locked in? Because presumably when people make a bet, they get their odds locked in (otherwise it wouldn't make sense, as the winning partys odds always trend towards one). So you'll keep a history of that.


And also, there's considerable risk in offering fixed odds. If someone puts 10s of bitcoins on one of the addresses, is this something you're prepared for?



great post and there is a cap per each address of .750 we mustve forgot to add to the OP. good thing you caught this, coulda been a bad day Smiley i will have arallmuus fix this as soon as he is online.
legendary
Activity: 2557
Merit: 1886
Great competition, but sorry I should have brought up some stuff earlier:

As escrow, I'm only in control of the gambling addresses, and not going to personally guarantee that every winner gets paid (as it's not parimutuel betting, there's book maker (?) risk) which I don't want to be on the hook for.


Also, just to clarify when ever you change the odds ... everyones previous bets have the old odds locked in? Because presumably when people make a bet, they get their odds locked in (otherwise it wouldn't make sense, as the winning partys odds always trend towards one). So you'll keep a history of that?


And also, there's considerable risk in offering fixed odds. If someone puts 10s of bitcoins on one of the addresses, is this something you're prepared for?


hero member
Activity: 728
Merit: 500
Betterbets.io Casino
Sounds fun to me Smiley Good luck all.


Will personally not join since my site is being used for comparing the wagered amounts. Note: the "graph points" (and weekly top) on my site uses ET time (so that is New York time, currently EDT because of DST.) So if you gonna use that, it would be between 1 Oct 00:00 ET and 14 Oct 23:59 ET. Made some extra page for it (should work automatically few minutes after 1 Oct):


http://dicesites.com/wager-warz

Excellent Nico, thank you very much if this becomes popular among players hopefully we will have many more Smiley
legendary
Activity: 1274
Merit: 1006
Sounds fun to me Smiley Good luck all.

Will personally not join since my site is being used for comparing the wagered amounts. Note: the "graph points" (and weekly top) on my site uses ET time (so that is New York time, currently EDT because of DST.) So if you gonna use that, it would be between 1 Oct 00:00 ET and 14 Oct 23:59 ET. Made some extra page for it (should work automatically few minutes after 1 Oct):

http://dicesites.com/wager-warz

Thanks NLNico, 4 your availability.!!

Cheers!!! ●‿●


legendary
Activity: 1876
Merit: 1289
DiceSites.com owner
Sounds fun to me Smiley Good luck all.


Will personally not join since my site is being used for comparing the wagered amounts. Note: the "graph points" (and weekly top) on my site uses ET time (so that is New York time, currently EDT because of DST.) So if you gonna use that, it would be between 1 Oct 00:00 ET and 14 Oct 23:59 ET. Made some extra page for it (should work automatically few minutes after 1 Oct):


http://dicesites.com/wager-warz
legendary
Activity: 1302
Merit: 1005
New Decentralized Nuclear Hobbit

Thanks Smiley

Only one bet per option per player?

Each player can do several bets, no strings attached. If it were the case, they would be referred by us in the condition/rules section.

Good luck , with your bets.

cheers!! 〷◠‿◠〷

I am not really sure. Actually most of the things (important ones got clarified above) that usually should come up in that section aren't there, so it is a bit too difficult to guess. I don't want my further bets to be considered donations, lol. Wink
legendary
Activity: 1274
Merit: 1006

Thanks Smiley

Only one bet per option per player?

Each player can do several bets, no strings attached. If it were the case, they would be referred by us in the condition/rules section.

Good luck , with your bets.

cheers!! 〷◠‿◠〷
legendary
Activity: 1302
Merit: 1005
New Decentralized Nuclear Hobbit
hmm, need clarification on these parts:

Which two weeks? And the week starts from Sunday or Monday?
Is the wagered amount taken from dicesites.com or from other sources, like say the rollin.io's weekly promotions?

Would the odds be the one at the time I bet or when it ends? (I hope it is the former, but need to be sure)

Would bets that does not meet the minimum or maximum bet criteria be refunded?



Q. Which two weeks?

Answer: Starting October 1st the volume will begin tallying up between the two sites it will last 14 days. This part of the promo (Wager WARZ) will be open to place bets on the site you want until 4th of October 23.59.59 GMT+0. So get your bets in before then!

Q. Is the wagered amount taken from dicesites.com or from other sources?

Answer: NLNico is a great and trusted 3rd party for stats, only this site will be used to judge the volumes of both sites. www.dicesites.com

Q. Would the odds be the one at the time I bet or when it ends?

Answer: Yes they are fixed based on the odds you place bets at.

Q. Would bets that do not meet the minimum or maximum bet criteria be refunded?

Answer: No, bets that are over or under the min/max will be treated as a donation, keep bets between "Minimum bet is 0.001BTC and the maximum bet is 0.05BTC"



The main promo that goes with Wager WARZ is this for reference:  https://bitcointalksearch.org/topic/m.12537193

Thanks Smiley

Only one bet per option per player?
hero member
Activity: 728
Merit: 500
Betterbets.io Casino
hmm, need clarification on these parts:

Which two weeks? And the week starts from Sunday or Monday?
Is the wagered amount taken from dicesites.com or from other sources, like say the rollin.io's weekly promotions?

Would the odds be the one at the time I bet or when it ends? (I hope it is the former, but need to be sure)

Would bets that does not meet the minimum or maximum bet criteria be refunded?



Q. Which two weeks?

Answer: Starting October 1st the volume will begin tallying up between the two sites it will last 14 days. This part of the promo (Wager WARZ) will be open to place bets on the site you want until 4th of October 23.59.59 GMT+0. So get your bets in before then!

Q. Is the wagered amount taken from dicesites.com or from other sources?

Answer: NLNico is a great and trusted 3rd party for stats, only this site will be used to judge the volumes of both sites. www.dicesites.com

Q. Would the odds be the one at the time I bet or when it ends?

Answer: Yes they are fixed based on the odds you place bets at.

Q. Would bets that do not meet the minimum or maximum bet criteria be refunded?

Answer: No, bets that are over or under the min/max will be treated as a donation, keep bets between "Minimum bet is 0.001BTC and the maximum bet is 0.05BTC"



The main promo that goes with Wager WARZ is this for reference:  https://bitcointalksearch.org/topic/m.12537193
legendary
Activity: 1302
Merit: 1005
New Decentralized Nuclear Hobbit
hmm, need clarification on these parts:

Which two weeks? And the week starts from Sunday or Monday?
Is the wagered amount taken from dicesites.com or from other sources, like say the rollin.io's weekly promotions?

Would the odds be the one at the time I bet or when it ends? (I hope it is the former, but need to be sure)

Would bets that does do not meet the minimum or maximum bet criteria be refunded?
hero member
Activity: 728
Merit: 500
Betterbets.io Casino
TXID: 74f6569baf791ebe2aaf3eaff59ff6d07d6e0bfcdef6371254d737c0a6fed01b

TXID: 73ec7517e394d5bf80658d6ed68fb87f725a8a0f10fad28dcbc4f4b015eda683

Team Betterbets all day every day

This is just like betting on sports teams great promo

Thanks for your support!

Yes this is basically the same thing as sports betting except a friendly competition between casinos and sites in the gambling realm, if this proves to be popular we can hold many events regularly. The payouts and everything can grow in time as well.
legendary
Activity: 3626
Merit: 4439
remember guys this is a friendly competition. some will win money and some will lose but at the end of the day we still respect rollin. we just thought this would be a different type of promotion the community might enjoy.

gamble on your favorite casino to win or gamble where you think you have the best chance. have fun and good luck to everyone
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