Topic: bustabit – The original crash game - page 99. (Read 61435 times)

Actually what you are saying is the same, but easier. You lose everything when the total bankroll (the number you use, 5050, which was 5243 in my example) drops 1/(your leverage). It's the same as when the real, onsite, bankroll drops your leverage/the average leverage.

So the more leveraged other users are, the bigger the drop has to be based on the onsite number. In the extreme case that everybody was 1:3, the onsite bankroll would have to drop 100%, which is equivalent to the total bankroll dropping 1/3.

I think it's like this:

The investor has 1/3rd of his investment onsite, and 2/3rd offsite. Wins and losses are added and subtracted from his onsite investment. If the total bankroll decreases with 1%, his total investment decreases with 1% (fees are not included in this example). Since the offsite investment profits are also added to the onsite investment, the offsite investment decreases with 3%.
We can conclude that if the total bankroll loses 33.3%, the onsite investment would be 'used up', and therefore will be gone. With the current total bankroll that would be (.33333 * 5050BTC =) 1683 BTC

I do not think that it is related to what buatabit right now? How can you said that they are stealing buatabit domain? I do not see anything similar towards this issue right now. And what milewilda said is true though, so there is nothing to be so special to tell everyone. Btw do you even seen tons of similar sites as bustabit? I believe every single sites that similar to bustabit are using their open source v1 and try to make some money there but no one can really beat the real bustabit v2

Another question. Considering the current onsite and offsite bankroll, what percentage of the onsite bankroll would have the casino to lose so that a player with 1:3 leverage (1 onsite, 2 offsite) would lose everything she deposited?

Would it be 1/(investor's leverage/average leverage) ?

So in this example: 1/(3/(5243/2978)=1/(3/1.76)=1/1.7=0.59; 59% drop; 2978*0.59=1757 BTC lost by the casino

The specific scenario Dooglus was using that caused it:


Which is actually a slight simplification (it ignores BaB commissions, which causes the max profit to be a bit smaller than 1% ... but same logic applies with a max-bet). And iirc the BaB max-profit system has a few "soft" limits because of the multiplayer nature (e.g. it allows 2 players to aim for a higher max-profit than it would allow a single player to aim for)

But more generally: The BaB investor system is designed to more or less be "optimal" (in terms of expected bankroll growth, which is actually what you care about) if you are at 1x leverage, assuming a whale is max-profit betting. The higher your "leverage" is > 1x, the worse expected bankroll growth you'll have until the point you hit 2x leverage where you'll have 0 expected bankroll growth. As your leverage is gets higher from there, the lower and lower your expected bankroll gets (e.g. further negative).


But that's all based around the "worst case" of a player targeting the max-profit. If you know for a fact that no one is ever going to target more than half the max-profit, it's actually ideal to have an effective leverage at 2x for instance.

This is interesting... What would the gambler have to do so that investor A has negative bankroll growth?

Doesnt matter because it isnt actually similar to be a crashgame and infact just take a look on all busta-similar sites with other name? Popularity of the original would still remain
and also http://bustabit.us/ is just like a school project. lol

https://bitcointalksearch.org/topic/pokerhostco-poker-poker-flips-free-games-5090610
You guys okay with some halfass made website basically stealing your domain name ?

The offsite system is a bit complex, honestly I'd probably just recommend avoiding it. That way you can't burn yourself.

The most important formula to remember is this:

yourBankroll = onsite + offsite


Where onsite is how much you physically have in the sites bankroll. It's the amount that is literally "onsite" as in, the amount bustabit has control over. When you make a profit, this number will increase (as you have more money onsite in the bankroll. When you lose money, this will decrease).

And "yourBankroll" is just controlling how much you are risking per bet. Bustabit uses the kelly, so you'll be risking something like 0.75% (can't remember exactly...) of the "yourBankroll" value.

Now the "offsite" thing is pretty much just an arbitrary number you can set. As you can see (from the above formula) it is used to tweak the "yourBankroll". The main motivation for supporting this is to allow investors to try expose themselves to more variance from gamblers while keeping the money safe in their own control (to limit counter-party risk for things like exit scams).

Because it's a static number, (and not a leverage multiplier...) the best thing to do is set it to the amount of money you have "offsite" that you want to risk, but don't want to immediately deposit.  But just be careful when doing it, as you expose yourself to a lot of other risks (like getting margin called) so make sure to go over all the FAQs before you do it.


(Not that anyone asked, but in my opinion it's probably best to avoid using offsite. I'm a big fan of a very passive "invest a tiny amount you can afford to lose in the bankroll, then come back and check on it every few months", but offsite doesn't quite allow you to do that, as you always need to be monitoring your investment to top-up the onsite incase you're getting close to margin-called)

Maximum is 1:3 (1 onsite+2 offsite), which is already quite reckless. 1:10 would be stupid..

Can someone explain a little bit better how the onsite and offsite bankroll investing works? what I understand is that if I deposit 1 btc and put it in the bankroll and then say I have another 1 btc offsite then my 1 btc invested onsite becomes 2 by the power of leveraging? so if I would lose 50% of my investment then I would really loose 100% because I am leveraged by 2x by saying I have 1 btc offsite?

If this is like this then it means I can have 1 btc onsite and 9 btc offsite and then I would be leveraged by 10x and so my looses and wins would all move quicker and there is obviously a bigger chance of loosing it all by the high leverage you use

if this is true which is the maximum leverage I can use? 100x? please explain the offsite and onsite bankroll investment thanks

https://github.com/l0rdicon/bustabit-webserver

https://github.com/l0rdicon/bustabit-gameserver

Tis my understanding that we are now in compliance.

Thanks for the bit of time!

Thank you for the information and links.

AFAIK it's Eric, the creator of Moneypot.

Thank you for the clarification, I appreciate it.

Does anybody know who coded the original Crash game?

They were offering only crash games,no other ames on Bustabit.
It looks like some other crash games were created based on Bustabit origial crash game so this means this is the first site which created crash game.

Can somebody kindly explain if the original Bustabit site had the Crash game or was it offering one or several other games?

Regardless of who created or bought Bustabit or its predecessor (and regardless who the subsequent owners are), who was it that coded the original Crash game?

And before Crash was on Bustabit were there any other sites that ran Crash or was Bustabit the first site to offer the Crash game?

Read. (or do basic research)

Was RHavar the author and coder of the Crash game?

Was there a gambling/gaming Crash game in existence before the Bustabit Crash game or was this the first one?

I will always have a soft spot in my heart for this game. It was this game where I really started to gamble in bitcoin along with just-dice at the time which was as far as I can recall the first off-chain dice game we had (could be a wrong info don't quote me on that).

Since that time, I have not played too much but thanks to bustabit I have learned about the moneypot and his "vault" idea and started to use it as my wallet as well and after about 2 years of that I think I finally stopped using it, for a long time even after it was sold to some other people I kept using it, only stopped when they went awol for a while to upgrade to moneypot v2 and only than I moved on.

Bustabit and just-dice was just soooo much better than anything out there on their early days and they literally collected all wagered amounts just between them compared to all other places. I really hope RHavar makes a new thing thats super fun to play once again, the bored people really need it and apparently he is one of the bored people now and he needs to do something too