Topic: bustabit.com -- The Social Gambling Game - page 113. (Read 293938 times)

Yeah, patience helps ....my bad I never had enough to cash out some profit from moneypot 

https://www.moneypot.com/user/asura10x

Play Save, need a little patience to make a save profit 

Yeah, you ran into a really bad streak. But you had a 2.75x on the second roll. Why didn't you take it?

2.2x but all the draws came below in a whole lot.
 

2.2x but all the draws came below in a whole lot.
 

ouchies what was the payout you were trying to hit if you don't me asking

bad day. 8 losses, 500k bits each....
total 4 btc poof...

Aw sorry mate. Only lost around 200 bits so far.

bad day. 8 losses, 500k bits each....
total 4 btc poof...

It's also a homonym, predating your definition as a unit of money and now rapidly replacing common usage of 'bitcoin' as a millionth of bitcoin.

need to get some of my free bits in here that I got around and play see if can win some big bits and make a small proft maybe luck is on me side as had a good start to the month and has been good though out it.

It comes from the kelly criterion which in the case of a casino, is super simple. A "full kelly" really just means, that the house accepts a bet where the profit is X% of it's bankroll when the house edge is X%. Most dice sites with a 1% house edge, refuse any bets that would put them above a half-kelly (0.5% of their bankroll).

i made a short video of me playing this:

https://www.youtube.com/watch?v=uNb_o4tt-1s&feature=youtu.be

came ahead with a 0.001 profit

blockage and csmcanarney are right, but let me expand a little on what we're building with vault (which is coming together, but still 1-2 months from production quality).


Vault Value proposition for users:
* A highly usable web-wallet, suitable for day-to-day use with all the features you'd expect for that
* We don't ask who you are, or why you're using vault
* Good (external) privacy, your coins are mixed with everyones coins
* Offchain transfers: Transfer money to people/accounts instantly off-chain.
* Unified login system for gambling sites. Vault is an OAuth2 provider, and you can authorize apps to login and have access up to a specified  amount of money. Not only do you get the unified identity across sites, but you can "Add funds" instantly by just authorizing the app to gamble/spend more (no more waiting for confirmations)

Vault Value proposition for investors:
* Invest your money in a single bankroll, that is used by multiple websites. You only need to trust Vault, and not other gambling operators.


Vault Value proposition for devs/casinos:
* Focus only on building an engaging gambling game. You can even build a gambling game without running your own server!
* Leverage the dirt simple "Login With Vault", no screwing around with creating your own user system, security system, 2FA, forgot password, support requests to reset passwords/emails/2FA, etc., handling withdrawals, deposits and reduce friction for people who already have a vault account
* You can use the flexible provably fair betting API to make bets on behalf of your user. You can verify them in real time, to make sure Vault isn't ripping you off. The provably fair betting API is flexible enough to support games like: dice, roulette, plinko and slots from day one.
* Have users gamble directly against Vault's bankroll. This means on *day 1* you can offer high limits, and have absolutely no worries about variance or solvency, vault takes care of that for you.
* Offload security to Vault. All users balances are kept in vault as is the site bankroll.
* Have a steady source of income. From investors perspective, we always give them a 1/2 kelly for every bet (with a minimum of a 0.1% house edge). When ever you send Vault a bet with a house-edge greater than a 1/2 kelly, vault and your app will a 50-50 profit share. [1].  The core principle here, you get a steady stream of income based on your volume and the odds you offer your users.





[1] Details of the investor/vault/app profit sharing subject to change