bustabit – The original crash game - page 96.

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Quote from: MrCrank on February 17, 2019, 11:24:03 AM

Is bustabit first crash game?

Yes, It was called moneypot when it was first announced and launched here back in 2014. Then it was rebranded to bustabit and in latter moment it was, as far as I understood, recoded and modified to bustabit 2.0.

Quote from: MrCrank on February 17, 2019, 11:24:03 AM

and who invented crash game?

As far as I know user espringe invented it; btw it's a pity he is not anymore around here on bitcoitalk.

Here is original announcement thread : https://bitcointalksearch.org/topic/bustabitcom-the-social-gambling-game-709185

Hope I remember things correctly , maybe Devans or Rhavar might correct me.

MrCrank

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I'm interested..
Is bustabit first crash game?
and who invented crash game?
I play in this kind of game if I have extra coin.

Supercrypt

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I doubt a wagering contest needs to be that complicated like silvers and snapshots and back to backs and all that. I think if there was whatever amount collected like jackpot would be enough tbf. I don't care if its 0.25% or 0.05% , even the tiniest amount put aside for something like this would be enough. So, lets assume instead of 21 bitcoin, how about 2 bitcoin, or even 1 bitcoin.

Price is still a lot for many gamblers and would make many small time gamblers come in and play here constantly for a chance of winning the bet. However you can change "how to win" differently by just making not the highest wagered person but a random person as well (altough highest wagered works too). Simply put when you want to do a wagering contest you can do with any reward you want, nobody will say "hey I got less free money than I expected" since its literally free money.

JollyGood

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I would like to know what the single largest winner on a single bet placed was.

Does anybody have that information?

Timetwister

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Quote from: RHavar on February 16, 2019, 04:13:15 PM

I really like Timetwister's idea of a wagering contest, but I think it needs it to be done smartly. The simple "Who ever wagers most between X and Y wins Z" I think is not really effective, as it's only interesting to a tiny amount of whales -- and the smart strategy is to wait till the last moment before wagering. So it's kind of boring in terms of events.

So my proposal is this:

Every ~24 hours you calculate how much people have wagered since last time. For every 200 bit they wagered in that period, they are awarded 1 silver. And at the same time you also snapshot and publish how much silver every player has.

The person who has the most silver for 7 consecutive snapshots in a row wins. The winner is awarded 1 bit for every 1 silver the #2nd highest person has at the time of the final snapshot.

And the interesting part: You can freely transfer and trade your silver. So even if you know you're not going to be able win the wager contest, you can still be involved by selling your silver (or even speculate and market make etc.). I think the mechanics of "needing to be #1 for 7 days in a row" could create a pretty interesting "dollar auction" sort of mechanic.

That could be a good idea, although it seems more complicated to explain to players. Another option could be daily wagering contests, prizes would still be decent and people would have a reason to try to get a prize everyday (I think a top heavy structure would be optimal, as this kind of promotion would be targetting mostly big gamblers anyway).

RHavar

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I really like Timetwister's idea of a wagering contest, but I think it needs it to be done smartly. The simple "Who ever wagers most between X and Y wins Z" I think is not really effective, as it's only interesting to a tiny amount of whales -- and the smart strategy is to wait till the last moment before wagering. So it's kind of boring in terms of events.

So my proposal is this:

Every ~24 hours you calculate how much people have wagered since last time. For every 200 bit they wagered in that period, they are awarded 1 silver. And at the same time you also snapshot and publish how much silver every player has.

The person who has the most silver for 7 consecutive snapshots in a row wins. The winner is awarded 1 bit for every 1 silver the #2nd highest person has at the time of the final snapshot.

And the interesting part: You can freely transfer and trade your silver. So even if you know you're not going to be able win the wager contest, you can still be involved by selling your silver (or even speculate and market make etc.). I think the mechanics of "needing to be #1 for 7 days in a row" could create a pretty interesting "dollar auction" sort of mechanic.

nakamura12

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Bitcoin Casino Est. 2013

I tried accessing the website on my mobile phone's own browser but it says the site may contain potential risk where the firefox browser seems not having this problem and when I click the red sign this is what it say Dangerous websites

As detected by Tencent PC Manager, this website may contain potential risks. It is recommended that you do not continue visiting or perform any operation on the website.

Add as a trusted site

Add as a trusted site, and it will not be reported as a dangerous website in the future.

Application website:https://www.bustabit.com/.

I know adding the site as trusted site the the problem won't show again but what are your reason for this matter?

jademaxsuy

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Quote from: Timetwister on February 16, 2019, 02:00:26 AM

I wonder how do users find the website, considering there's almost no activity in this thread.

Watching on the date of replies in which the last activity of this thread is january 30 until there's an activity in this thread now.

Quote from: Timetwister on February 16, 2019, 02:00:26 AM

I wonder how do users find the website, considering there's almost no activity in this thread.

I think people are searching for websites in bitcointalk and other sites and then they find this thread. Some may search a website base on the country their in for example I search a casino website only.

JollyGood

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Quote from: devans on February 16, 2019, 11:46:33 AM

Quote from: JollyGood on February 16, 2019, 05:28:20 AM

The fact your customers found their way to Bustabit via word of mouth speaks volumes.

Which chat software are you using?

I'm not sure if that's what you mean, but bustabit doesn't use any external chat software.

I thought you used external chat software. The chat box on your website is it custom coded specifically for your Bustabit website?

Quote from: devans on February 16, 2019, 11:48:32 AM

According to the leaderboard, the largest net profit achieved with any single account so far was 706.84592000 BTC. Keep in mind that the maximum profit only refers to what one player can win in a single round. It's possible to win more than that across multiple bets.

Do you know what the single largest win on a single Bustabit was rather than an accumulation of a winners account total?

Timetwister

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Quote from: devans on February 16, 2019, 11:46:33 AM

Unfortunately the math is not quite as favorable. bustabit's EV is 0.25% of the wager volume, not 0.75%. So for a wager contest to pay for itself, the wager volume would have to increase by about 66% rather than ~13% during that time frame. That's not to say that a wager contest couldn't be a success, of course. Wink

Why 0.25%? The casino's edge is 1% while you charge 0.25% for running it, so 0.75%. I'm not asking you to pay for the prizes, but us investors. I bet other investors think it's worth trying it too, it's very likely to be profitable even in the same month the promotion is run (and add to that longer term benefits like creating new players and encouraging people to stay, as that kind of promotion could be run continously if it's succesful).

devans

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Quote from: JollyGood on February 16, 2019, 11:42:52 AM

Bustabit currently shows maximum profit as 45.30 BTC

What is the single largest amount any player has won on Crash at Bustabit?

According to the leaderboard, the largest net profit achieved with any single account so far was 706.84592000 BTC. Keep in mind that the maximum profit only refers to what one player can win in a single round. It's possible to win more than that across multiple bets.

devans

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Quote from: Timetwister on February 16, 2019, 02:26:39 AM

Wagering contests are something that I think would be worth trying, as they are self financed while players are competing for it. Giving away something like 0.1% of the wagered monthly amount would create quite big prizes, while wagered BTC would probably be quite bigger than with no promotion. For example, from January 15 to February 15, 21293 BTC were wagered, so there would be 21.293 BTC in prizes. I doubt wagered wouldn't increase by more than 21.293/0.0075=2839.07 during that time. Also consider that there would probably be a positive effect after the promotion that wouldn't occur otherwise. Some new players would join who would continue playing, and contest prizes are likely to be gambled again, so they are unlikely to end up being a complete loss for the casino.

Also wagering contests encourage low multiplier bets, which are preferrable for the casino as they cause less volatility than high multiplier ones.

Unfortunately the math is not quite as favorable. bustabit's EV is 0.25% of the wager volume, not 0.75%. So for a wager contest to pay for itself, the wager volume would have to increase by about 66% rather than ~13% during that time frame. That's not to say that a wager contest couldn't be a success, of course. Wink

Quote from: JollyGood on February 16, 2019, 05:28:20 AM

The fact your customers found their way to Bustabit via word of mouth speaks volumes.

Which chat software are you using?

I'm not sure if that's what you mean, but bustabit doesn't use any external chat software.

JollyGood

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Bustabit currently shows maximum profit as 45.30 BTC

What is the single largest amount any player has won on Crash at Bustabit?

niceboy999

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Quote from: offthepercs on February 09, 2018, 10:01:37 PM

Just wanted to post here to say that I've had over 300 bitcoin in this site at one time and they have paid me out.

may i ask for proof??

JollyGood

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Quote from: devans on February 16, 2019, 02:20:36 AM

Historically bustabit has done virtually no advertising, so players mostly find their way to bustabit through word of mouth and discussions in various forums.

The fact your customers found their way to Bustabit via word of mouth speaks volumes.

Which chat software are you using?

Timetwister

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Quote from: devans on February 16, 2019, 02:20:36 AM

Historically bustabit has done virtually no advertising, so players mostly find their way to bustabit through word of mouth and discussions in various forums.

Wagering contests are something that I think would be worth trying, as they are self financed while players are competing for it. Giving away something like 0.1% of the wagered monthly amount would create quite big prizes, while wagered BTC would probably be quite bigger than with no promotion. For example, from January 15 to February 15, 21293 BTC were wagered, so there would be 21.293 BTC in prizes. I doubt wagered wouldn't increase by more than 21.293/0.0075=2839.07 during that time. Also consider that there would probably be a positive effect after the promotion that wouldn't occur otherwise. Some new players would join who would continue playing, and contest prizes are likely to be gambled again, so they are unlikely to end up being a complete loss for the casino.

Also wagering contests encourage low multiplier bets, which are preferrable for the casino as they cause less volatility than high multiplier ones.

devans

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Historically bustabit has done virtually no advertising, so players mostly find their way to bustabit through word of mouth and discussions in various forums.

Timetwister

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I wonder how do users find the website, considering there's almost no activity in this thread.

BTCevo

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Quote from: raven7886 on January 29, 2019, 11:00:00 AM

Jesus Christ, both of those numbers look insane, kudos to you guys mate. 3500 BITCOINS literally means you guys have over 12 million dollars in bankroll, I kinda thought 3500 would be more but that is seriously insane to think about, that doesn't just mean you posses more than 12 million dollars so people would gamble, that also represents how much people trust and love this website, people are fine with keeping their 12+ million dollars here, they trust it that much.

On top of that OVER A BILLION DOLLARS gambled in this website, that is not a normal number, its over a god damn billion dollars Cheesy

lol even thinking about it makes me question life. Seriously congratz man, you definitely deserve it and I wish you much more bankrolls and much more wagered amounts in your bright future.

It is really possible to have this huge amount of winning through crash game because we are the one who control when to end this game either you are going to win small or win big, losing or not depends on your hand to hit and thats all I can say, it is as simply as dice game but crash game rushing your adrenaline more. Anyway I do ever win huge amount also here but unluckily already cashed out when bitcoin price is really low. I need to be back again to get my fortune back

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Quote from: raven7886 on January 29, 2019, 11:00:00 AM

Jesus Christ, both of those numbers look insane, kudos to you guys mate. 3500 BITCOINS literally means you guys have over 12 million dollars in bankroll, I kinda thought 3500 would be more but that is seriously insane to think about, that doesn't just mean you posses more than 12 million dollars so people would gamble, that also represents how much people trust and love this website, people are fine with keeping their 12+ million dollars here, they trust it that much.

On top of that OVER A BILLION DOLLARS gambled in this website, that is not a normal number, its over a god damn billion dollars Cheesy

lol even thinking about it makes me question life. Seriously congratz man, you definitely deserve it and I wish you much more bankrolls and much more wagered amounts in your bright future.

I second that! Congrats

Topic: bustabit – The original crash game - page 96. (Read 61162 times)