Topic: bitZino - Bitcoin Casino - Blackjack, Roulette, 3 Card Poker, Slots and more! - page 14. (Read 82361 times)

We have just launched a new game, 3 Card Poker!





Three Card Poker is a twist on classic poker, where you and the dealer are each dealt three cards, and your goal is to beat the dealer. There's also an exciting secondary Pairplus game, which you can play at the same time. If you'd like more details on how to play, we've written up detailed instructions, which you can access by clicking on the "Rules" dropdown on the upper-left of the table, and clicking the "How to play >" link.

We decided to build this game purely because our users requested it. If you have any more suggestions about what to build next, or any other feedback, please let us know. We listen!

Funny you mention all that, Dooglus, because I was running very similar calculations in my head when I re-read Libertaad's "bankroll" post.


I really can't see someone putting that much money into a Bitcoin startup that early in the BTC revolution. My guess is that Libertaad is one of Bitcoin's very early adopters who mined or bought a bunch of coins when they were a few cents per piece, or that he's partnered with such a person. Anyone want to bet? 

I think it is.  Here's what he said, followed by some probably very inaccurate guesses. 


The max bet on a single number in roulette is 5 BTC.  To have less than a 0.001% risk of ruin the house would need to have 8000 times that, ie. 40k BTC.

They aim for "very low risk of ruin".  And "0.001% is small".  Does that mean they have more than 8000x, since they want very small, but 0.0001% is only small?

Either way, 40k BTC seems a reasonable ballpark figure.

I'm not sure if you would need 40k for each game you offer.  I don't think so though.  If you ran a roulette game where everyone had to bet on '1' all the time, you'd still need 40k BTC to achieve the same risk of ruin.  Then you could run another game where everyone bet on '2', and not need an extra 40k BTC to be safe.  So let's say they have a 40k float.

libertaad registered at the forums in December 2011 when BTC were trading below $4 each.  Even in June 2012 when bitZino launched they were still only around $5 each.  40k BTC then would have cost around $200k, but it's likely the casino has built up its bankroll over the time it has been running.  The max bets have grown over time, so they probably started with a lot less than that.

Like I said, I'm just guessing based roughly on what the risk-of-ruin post said.

Indeed.  I just dug it out myself and was about to post it.  I should have checked this end of the thread first!  Funny how I was telling IveBeenBit about the post when it was a reply to him the first time around too...

I don't know of anyone that actually offers unlimited bet sizes. If they do this, they're basically guaranteeing that the house will eventually go broke.

I wrote a post up earlier in this thread which details how we calculate what we set our maximum bet size to, based on the risk-of-ruin: https://bitcointalksearch.org/topic/m.1145478


See the above link - I think that's what you're referring to!

There's a post somewhere in this thread about bitZino's analysis of what max bet they can safely offer.  I don't think it talks about their bankroll specifically but it may be possible to infer a ballpark amount based on their current maximum bets.  I'll link to the post if I find it.

I notice the post that Ignas linked to has the max bets wrong for bitZino - at least for blackjack, which it says has a 10 BTC max.  I'd suggest alerting him so he can fix it.

Well, if you look here: https://bitcointalk.org/index.php?PHPSESSID=63jvb7jar34mtdefttso41v715&topic=75883.0 you can see that some gambling games offer unlimited max bet )

It boggles my mind to think about the bankroll required to offer limits that high.

We've definitely seen a fair share of big hands! Our max bet in Roulette is 100 BTC, so we see some large wagers there as well.

That's the nice thing about keeping everything in BTC As the purchasing power of bitcoin rises, so do our effective limits.

That's pretty amazing.  That's around $3000.  With splits and doubles I expect you've seen some huge hands.

It's on our roadmap! For the immediate future, we're focusing on getting 3 Card Poker out the door. Look for that to launch later this week.

Still any plans for Spanish 21?

You can always view the max bet of any game by clicking on the "Rules" dropdown on the upper-left side of any table.

Currently the max bet in blackjack is 25 BTC.

Hope that helps!

Hello, i would like to ask what max bet is in bitzino blackjack?

... because the constant flood of cash doesn't? 

I think you're doing a great job on the site too, btw.  As evidenced by my lack of criticism recently...

Thanks! It's always nice to hear kind words... helps keep us going

Hey libertaad just wanted to say nice job on the site, I played a few games and had a good time.

Oh good, I'm glad it's working. Thanks!

Ah, but if I flush bitzino.com from my DNS cache I can.

Sorry for the false alarm.

Is it next time already?


In case I'm not being clear, I currently can't get to bitzino.com.