Topic: bustabit – The original crash game - page 97. (Read 61435 times)

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



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

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).

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.

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.

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

Bustabit currently shows maximum profit as 45.30 BTC

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

may i ask for proof??

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

Which chat software are you using?

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.

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

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

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

I second that! Congrats

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 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.

As VTC said, you do get some of your dilution fee back so it slightly helps your guys chances.


Honestly, I'm not really sure that's a bad thing. I think the larger point is that any public bankroll system is always going to sort of hit an equilibrium of where people leave / don't invest because expected returns / risks are too unattractive for people to invest. There's some advantage in tweaking it such that the equilibrium is a bit higher (e.g. higher max profit) as well as disadvantages (e.g. more liability).

The way it is now, makes it more attractive for previous and long-term investors. I think that's pretty fair and reasonable. Obviously I'm pretty biased as a very early investors and any new investors disadvantage me due to dilution (although slightly compensate me for that with dilution fees).



I've only thought about it for 30 seconds, so forgive me if I'm wrong. But in the current system investors can effectively borrow money against their bankroll investment, and then repay it (interest fee).  Investors who wanted to gamble, could easily do that to gamble.

To borrow X money against your bankroll investment, just go   "Onsite: -X,  Offsite: +X"    and then to repay the loan, do:  "Onsite: +X, Offsite: -X"  and you'll pay 0 fees  (no dilution or interest!)

Maybe Daniel can make a simplified UI for "loans against your bankroll" rofl

It's my understanding that the dilution fee is applied right after NOT right before the investment, therefore a new investor will get part of his own dilution fee back, which is important for a large investor.

Example: whole site bankroll is 1 btc, and you invest 100 btc, you will get around 1.99 of the 2btc dilution fee back right away.

Good luck with the girl.

Actually these numbers would be slightly worse, because the 20 BTC dilution fee
would be part of the total bankroll as well.

I should have used the following calculation:
980 / 5539 + 20 + 980 = ~0.148 %

The dilution fee is way too high in my opinion.

Let´s take the hypothetical example of a guy, who is in love
with a girl, who only dates 6+ ft guys, who have more than 20 million $ in
their bank account and own several properties in exquisite
towns across various continents. In order to at least have a remote
shot at getting a date with this girl, he decides to get his
precious Bitcoins from cold storage with the aim of
investing them all into the Bustabit bankroll - his only
shot at getting the money to get a date with the girl
of his dreams.

1. He deposits and invests the 1000 BTC at Bustabit and his investment
immediately declines to 980 BTC due to the 2 % dilution fee.

2. At the time of writing his investment would represent
a share of ~15 % of the total bankroll (1000 BTC / 5539 BTC (currently invested) + 1000 BTC (his investment)).

3. The investors have an expectation of 0.75 BTC for every 100 BTC that are wagered.

4. Let´s say players lose a combined 100 BTC in the month of February and the house bankroll therefore
increases by 75 BTC. If we assume that no additional investments or divestments have been made, the
hypothetical investor gets 15 % of this amount, which is roughly 11.25 BTC.

5. Even though he was invested for a month and the house made a healthy profit of
100 BTC (which is far from guaranteed) he is still down a whopping 8.75 BTC due
to the dilution fee. With the used numbers players would need to lose at
least a combined ~178 BTC just so he can recoup this daylight robbery
dilution fee.

If players run exceptionally well or a whale puts a dent in the house bankroll, it could
take our guy months just to breakeven due to the dilution fee.

I understand the rationale behind the dilution fee, but I think that it is too heavily
skewed towards protecting existing investors at the cost of attracting new investors.
Now you will probably argue that the site bankroll is already the biggest of all BTC sites
and the max profit is high enough, which is why Bustabit doesn´t really need
additional BTC investments. But this misses the obvious fact that many investors
tend to gamble from time to time and investors going crazy (or simply trying to recoup
investment losses by gambling) has been the fuel for
a big percentage of site profits from time immemorial (the Just-Dice days  ).

A dilution fee is fine, but the breakeven point shouldn´t be reached after several
months for a new investor if we assume that the site makes a profit. Of course
you can´t protect new investors from a downturn due to players running better then
expected.

I´m not sure whether I should be more appalled at the entitlement mentality of
the woman in my example or at the daylight robbery dilution fee that new
investors are currently charged at Bustabit

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And of course Happy Birthday to Bustabit!

Very transparent, very clear and open just like these types of websites should be.

0.882 % as of right now if you combine the investors' profit (0.674 %) and the commission bustabit has charged them (0.208 %). You can always find up to date stats at https://www.bustabit.com/statistics.

Expected profit. 0.75% of wagered.