Topic: BETwitter - Bet & Win Bitcoins - Data source is Twitter - Promo coins (Read 7336 times)

I deposited a little bit today to give it another shot and had to just turn around and w/d since it took three confirms to get the funds in my account (which, combined with the "5 minutes of no bets before the contest starts" made me too late to wager) and it seemed like every game on the site is now a "total followers" or "max followers" game.  Those games are pure crapshoots because of the nature of what you are wagering on (one person with a 1mm+ follower count can win it for either side). 

I see that you added more "bot bets", but because they are balanced it is still a horrible deal for the players.  With .02 on one side and .02 on the other, if I wager .02 I'd have to be correct >67% of the time just to break even.  Since most of the games are now much much harder to predict, the game now has a pretty massive house edge, since the house is the only person I'm competing against.

As it is now, it's wildly unprofitable for the first person to start playing on the site, and without one person you can't get two people, four people, ect.  My suggestion would be to not have "bot bets", but instead add funds to the prize pools, much like a pick 6 carryover in horse racing.  If you are unwilling to do this, you should at least pile the "bot bets" up on one selection or the other. 

Will you start a signature campaign on Bitcointalk? I am interested!

Giveup just because none is playing? lol you actually got a great sites which none other have, honestly this kind of unique gameplay will be hard to compete here as people tend more to play on a simple dice, consider to bombard the sites with some promotions see how things goes, gambling section is actually hard for newcomer sites


Yes it can, I can use some bots to actually tweet the word which I bet, but I doubt it will have severe effect on the calculation, but still it can be manipulated if someone own huge amount of twitter account

The betting concept of this site is one of the best and in my opinion it is as fair as possible. All this I am saying because the result of the game can not be influenced by any player with increasing amount of bet or searching information from somewhere. This is purely prediction/gambling game which with better marketing must bring huge traffic and investors to this site.

Insightful comment, appreciated as always.

You may be right about how it will never work, but after much work invested in this it would be foolish to not even try. So I'm still doing some promos & ads, Reddit post, and most importantly increasing the number of bots, which is similar to a large userbase, only better (for the player) because it's easier to win against bots.

If there isn't a bunch of people using it in a month on a regular basis, I'll give up.

CryForMeSky has nailed it with his comments.

I've played on the site, I've won on the site, and i liked the site for a brief period - but it loses its interesting factor quickly. This would  change if there was a larger (much larger) user base. So ive been thinking of how you could attract and KEEP players.

Attracting is easy - you're doing it right - free promos and advertising .

Keeping seems impossible to me. My thoughts:

- btc is used mainly by males - betting on twitter is not exactly 'manly' - not like you'd  be bragging a win over some beers down the pub.
- 2 types of gambling - quick fix/instant gratification (dice, slots, blackjack) or longer skilled based (poker, sports betting) - you're trying to cater to both, but no games are as instant as dice, and most guys I'm sure would rather research sports than tweets/followers - more social interaction in a sporting community.
- and so on...

So with all the other options available to a gambler - i think youll be unable to keep them no matter what you do/offer.
i think you had a good and unique idea - but i dont think it will ever generate the user base needed to make it work. Save the coin you have for your next project.

Just my thoughts. Trying to be helpful.
Good luck.

You added this as I was making my reply, so I'm sorry for the multiple posts responding:


Entertainment.  Leisure time has value.  That's why casinos are so large and nice.  Because people are willing to lose money in order to have fun, be excited, and have the potential to win big.  It's also why beatable games (poker, sportsbetting) are afterthoughts and add nearly nothing to the bottom line. 

Also, as I mentioned, the way you bet on your own game drops the equity that any bets by the real players would have, making a bunch -ev.

Odds =/= chance to win

Let's take the next game, "cats average follower count is higher than number of tweeters".

There is .005 bet on "true" and .005 bet on "false".  Let's assume that there will be no more bets if I make a bet (a fair assumption).

If I bet .005 on "true", I am risking .005 to win .0025.  And then of course the 1% gets taken out of everything.  So I am really risking .005 to win .002425.
I, of course, would have those same odds if I bet on "false". 

So on a pure 50-50 shot, half the time I win .002425 and half the time I lose .005.  That is certainly not better than any dice site.

Of course the equity drops if I want to bet more than the bare minimum, because of the nature of parimutuel betting.  This is where the 1:3 comes from, as I have no interest in betting .005.  Betting any sort of decent amount would give odds of 1:3 or worse, because of the low volume and the fact that you've seeded the pools on both sides.






It would be more attractive if you stopped the bot voting altogether and just seeded the prize pools.  When you place bets on your own game, you are reducing the amount the players can win by ensuring that you always get a cut of the pool.  Instead of betting .1 on one side and .1 on the other, just add .1 to the prize pool (like a pick 6 carryover, or the cherry bonus on bettingblocks)

Thanks for the feedback, it's appreciated.

I would only argue with the 1:3 odds, which I'm not sure how you ended up with.

The worst case scenario would be a game with an unpredictable (50-50%) outcome - and that would still make it better than any dice sites with a house edge.

Odds are basically created by people who place bets, and you know they haven't all done their scientific research, so plenty of times you'll see games where the less likely outcome has the more bets (especially now, with bots posting bets).

Not to mention with some games, the outcome depends not just on the result, but other players' bets. I'm talking about the 'estimate' type of games (where you bet a number) and the 'sorter' type of games where even if you only get one word right in the sorting, you win everyone else's bitcoins if they scored zero.

I'm thinking I will use part of my budget to add more bot votes. I suspect most visitors are like you - it's not worth their time to play just to win small amounts (and you would definitely win considering most bets are posted randomly, by bots).

The only thing I don't get is, how is it worth anyone's time to play anything, when with most typical gambling establishments (dice, blackjack, whatever) the house wins in the long run by definition.

Personally I would much prefer to play on sites where the outcome isn't completely random and I have at least a small chance to play smart, and it's not mathematically predicted that I will be losing in the long run. Sure, maybe I make less per game, but at least I have a chance to stop playing with more money than what I started with.

Not sure if I mentioned this or just alluded to it when I was giving my feedback last month, but giving away the house to random people is a bad idea (as you found out).  People just want free shit, they don't want to play a game.  If you have a budget for promos, the better use of it is to use it to fund promos that encourage participation.  For example, fund a "most wagered" leader-board for a week.

The idea is still great, but as it is now it holds no interest to me.  The bets are so tiny and because of the parimutuel aspect of the site and the low userbase, any bet is basically going to be laying 1:3 or so which is horrible odds.  If there were more people playing, leading to bigger pools it would be great.  Good luck.

instead of building a wager system that actually takes some time, you could do a manual withdrawal which allow you to check on a user before you initiate their withdrawal , you can easily check the amoun that they have wager


The lack of interest could be due to that some user found this to be much more complicated than a usual casino sites which provide dice and the other card games, although the new video describe most of how the system work but since this is new and genuine with none other before, some people are actually having trouble to know how this works, and it happened to me before

Alternatively, you could give a code, which the code wont be withdrawable but instead it will give a points if you win the bet, whoever collects the most points ( some kind of leaderboards ) throughout the week , they will get some prize, this will create some traffic throughout the week, consider this like somekind of freerolls in a poker sites to attract players throughout the weeks

They already have the chance to try out some games before cashing out, they just choose not to. You're right though, it would probably help, but it'd be too complicated and probably not worth the time to build a wager system to enforce a ratio (but still make sure the users are allowed to spend and withdraw their own coins) just to counteract greedy users.


Decent idea. I'll try something like that eventually. Currently I'm giving out higher value codes to ID verified users on my marketplace and will post the link on Reddit (with detailed info) in a few days. We'll see where it goes. For now it's mostly just people saying it's a good idea and not playing. I don't take it to heart though. When I created BitBargain, I was the only seller for months, I had to beg sellers to log online and accept trades. Now it's one of the biggest marketplaces in the UK. I'm not saying BETwitter will definitely become successful, I'm just saying the lack of interest in the beginning doesn't mean much.

I've been collecting two codes from you , tried them on the game and I can say the idea is genuine where there are none other sites like BETwitter, whats makes me amazed was the actually the live calculation page from the twitter's feed, so you can actually see a live status of your bet

Problem with your codes is that you allow a withdrawal for every winning using the bonus code, you should apply a wager requirement like atleast 30x so that people could spend some time trying some games before cashing it out

Alternatively , you can try to do some better promotions in games and rounds sections apart from the bonus code, like top wager of the week will get some bonus BTC, or etc, this could actuaclly give your sites some traffic and more user to try it out

I've been observing the use of these codes I posted (gave out ~1.5 BTC on the site so far). Pretty much every single time all the coins are spent on the next upcoming game, and the users never even log in, they just get the automatic withdrawal for whatever they win. Some people just claim the promo coins and don't even use them.

I'd be happy to give out some free coins again if it meant some extra players, but realistically my experience after the last ~2 weeks is that people here just want free coins and don't really care about the game itself. I have a 10-20 BTC budget for this. I'll give out a few coins on Reddit. If there's genuine interest there, I'll just share the remaining budget with them. If not, I'll find some other way to spend it on promotion.

The sad part is (and I've mentioned this a bunch of times) that if someone took even 5 seconds to think about how the site works, they would quickly realise that there's much more coins to be gained by playing smart than sweeping any promo codes posted here.

I mean, there's bots posting COMPLETELY RANDOM bets, and the games are never 50-50% chance...

Any update regarding the free no deposit bonus code? it has been a while since you posted them up? it will be great if there is another no deposit bonus code to try out the new game, although i might lose it all in first try lol

New game type added: "SORTER".

Instead of betting on a word or more words, you are betting on the order of words.

For example: https://betwitter.com/game/579/sorter/which-are-the-most-popular-colors

The more words that are in the right position after the game has finished, the higher score you get and the more coins you win.

This is just a quick summary. I guess a separate presentation video explaining the numbers only belongs on the todo list.

Personally I think the concept is easy to understand (we count tweets and followers and bet on stuff) and the there's a /help/game page to explain the very details.

It's difficult to understand.

Thanks for video I like this presentation 

The video is ready. I hope this helps to explain.

https://www.youtube.com/watch?v=um4FZP78DfQ