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Topic: bustabit.com -- The Social Gambling Game - page 132. (Read 293938 times)

jaysabi
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Re: bustabit.com -- The Social Gambling Game
October 31, 2014, 06:11:02 PM
#634
Quote from: dooglus on October 31, 2014, 03:45:00 PM
Quote from: Jungian on October 31, 2014, 03:08:14 PM
Will a trusted third party hold the a set of keys? To avoid another running off with the funds.

Here's the problem:

Even if the majority of the investor funds are held by a 100% trustworthy and secure third party, there's no waythat I can think of to stop the site's owner from playing his own game and slowly winning all the coins. Especially for a game like moneypot where the crash point has to be known by the server before the players finish acting.

So is it really worth insisting that the funds are held by a third party when it really doesn't protect the investors anyway?

Edit: one thing that is worth noting: from what I've heard, the plan is to allow investors to only actually deposit a fraction of the amount they want to risk. So you'll be able to say "I have 100 BTC and want to risk 1% of it per game; here's 10 BTC of it for now". So if they do run off, they only get 10 BTC not your full 100, but you'll get profit (or loss) as if you had invested the full 100 BTC.

This is a potential solution to hedge your 'investment' from some of the risk of investing, but at this point, god speed to anyone who wants the risk of trusting any of these sites anymore with loads of your coins. Site operator knows the crash point of how many games in advance? He can run a dozen bot accounts that slowly drain investment by winning without making it obvious he's doing that. I'm starting to wonder why anyone- with how many times this community has been burned- would put themselves at risk anymore. How many times will it take?
Jungian
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Activity: 930
Merit: 1010
Re: bustabit.com -- The Social Gambling Game
October 31, 2014, 04:00:44 PM
#633
Quote from: dooglus on October 31, 2014, 03:45:00 PM
Quote from: Jungian on October 31, 2014, 03:08:14 PM
Will a trusted third party hold the a set of keys? To avoid another running off with the funds.

Here's the problem:

Even if the majority of the investor funds are held by a 100% trustworthy and secure third party, there's no waythat I can think of to stop the site's owner from playing his own game and slowly winning all the coins. Especially for a game like moneypot where the crash point has to be known by the server before the players finish acting.

So is it really worth insisting that the funds are held by a third party when it really doesn't protect the investors anyway?

Edit: one thing that is worth noting: from what I've heard, the plan is to allow investors to only actually deposit a fraction of the amount they want to risk. So you'll be able to say "I have 100 BTC and want to risk 1% of it per game; here's 10 BTC of it for now". So if they do run off, they only get 10 BTC not your full 100, but you'll get profit (or loss) as if you had invested the full 100 BTC.

Slowly winning the coins is less likely to lose 100% of your funds.

Ofc it doesn't offer perfect protection, but I think it's still better than them holding all the coins and doing s "spur of the movement" run or whatever.
dooglus
legendary
Activity: 2940
Merit: 1333
Re: bustabit.com -- The Social Gambling Game
October 31, 2014, 03:45:00 PM
#632
Quote from: Jungian on October 31, 2014, 03:08:14 PM
Will a trusted third party hold the a set of keys? To avoid another running off with the funds.

Here's the problem:

Even if the majority of the investor funds are held by a 100% trustworthy and secure third party, there's no waythat I can think of to stop the site's owner from playing his own game and slowly winning all the coins. Especially for a game like moneypot where the crash point has to be known by the server before the players finish acting.

So is it really worth insisting that the funds are held by a third party when it really doesn't protect the investors anyway?

Edit: one thing that is worth noting: from what I've heard, the plan is to allow investors to only actually deposit a fraction of the amount they want to risk. So you'll be able to say "I have 100 BTC and want to risk 1% of it per game; here's 10 BTC of it for now". So if they do run off, they only get 10 BTC not your full 100, but you'll get profit (or loss) as if you had invested the full 100 BTC.
Jungian
legendary
Activity: 930
Merit: 1010
Re: bustabit.com -- The Social Gambling Game
October 31, 2014, 03:08:14 PM
#631
Quote from: ?? on ??
Large enough. Since the last limits tightening the site profit have grown 20 BTC, so we're sitting in a rather comfortable place. We continually monitor the site bankroll, and are committed to either readjusting the limits (as we did last time) or even pausing game play to ensure we are never insolvent.

Once the investor system is finished, which is developing nicely, the bankroll and breakdown between balances and invested will be publicly shown (and visible in a cold storage address) along with limits that are a function of that.


Will a trusted third party hold the a set of keys? To avoid another running off with the funds.
omahapoker
hero member
Activity: 868
Merit: 1000
Re: bustabit.com -- The Social Gambling Game
October 31, 2014, 10:22:42 AM
#630
someones gonna beat this game now.


whats the bankroll at now?
dooglus
legendary
Activity: 2940
Merit: 1333
Re: bustabit.com -- The Social Gambling Game
October 30, 2014, 03:43:25 AM
#629
Quote from: hopenotlate on October 30, 2014, 03:16:19 AM
thx again for your help

You're welcome.

I made some changes to my strategy code:

Code:
var baseBet = 10; // in Bits

var cashout;
var mult;

// set one of mult or cashout, and the other will be calculated for you:

// mult = 1.12;
cashout = 1.5;

// what percentage to increase the net profit by each time we lose a bet; 0 for pure martingale
greed_percent = 5;

if (!mult)
    mult = cashout / (cashout - 1) * (1 + greed_percent/100);
else if (!cashout)
    cashout = mult / (mult - 1) * (1 + greed_percent/100);

var satoshis = baseBet * 100;
var crash = Math.floor(cashout*100 + 1e-6);

var currentBet = false;

engine.onGameStarting = function () {
    if (currentBet && engine.lastGameWasLost())
        currentBet *= mult;
    else
        currentBet = satoshis;

    if (currentBet < engine.getBalance()) {
        console.log('place bet of', Math.round(currentBet/100), 'at', crash/100);
        engine.placeBet(Math.round(currentBet/100)*100, crash, false);
    }
    else {
        engine.stop();
        console.log('You ran out of bits :(');
    }
};

Now you can tell it what multiplier to cashout at, or how much to multiply the stake by each time, and it will calculate the other accordingly. There's also a greed percentage, which you can set to make it increase your net winnings by a percentage each time you lose.

None of this is very well tested; use at your own risk; etc.

Here (on the left) is a 5x martingale sequence:



and here are a couple of 20x martingale sequences:

hopenotlate
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Re: bustabit.com -- The Social Gambling Game
October 30, 2014, 03:16:19 AM
#628
Quote from: dooglus on October 30, 2014, 02:59:47 AM
Quote from: hopenotlate on October 30, 2014, 02:49:42 AM
I am a computer illiterate and don't know how to code: being that said I would like to know if I can use the strategy you coded on Windows OS and how to do it in case it is possible.

What is in your opinion a minimum starting bankroll that could fit this strategy?

You can copy the code exactly how I posted it, go to the 'strategy' tab on moneypot, click in the text area, hit control-a to select all, then paste in my script. Then click 'RUN!' to run it. It will bet 1 bit at 2x and double until you win, then reset to 1 bit and repeat, forever. Click 'STOP' or reload the page to stop it.

It's not a winning strategy - eventually you'll run into a long enough run of low crashes to bust you. So no bankroll is enough, really. I wrote it for fun and to test out the new strategy engine.

Also note that in general it's dangerous to copy/paste people's strategy code because it could do nasty stuff like steal your account and/or bitcoins. But my code doesn't do that.


Thx for you reply and wnaty to make clear that:
 - being a gambler I know martingale isprovably a losing method in the long run
 - only asked to use YOUR code as you are one, if not the, most trusted members here

thx again for your help
dooglus
legendary
Activity: 2940
Merit: 1333
Re: bustabit.com -- The Social Gambling Game
October 30, 2014, 02:59:47 AM
#627
Quote from: hopenotlate on October 30, 2014, 02:49:42 AM
I am a computer illiterate and don't know how to code: being that said I would like to know if I can use the strategy you coded on Windows OS and how to do it in case it is possible.

What is in your opinion a minimum starting bankroll that could fit this strategy?

You can copy the code exactly how I posted it, go to the 'strategy' tab on moneypot, click in the text area, hit control-a to select all, then paste in my script. Then click 'RUN!' to run it. It will bet 1 bit at 2x and double until you win, then reset to 1 bit and repeat, forever. Click 'STOP' or reload the page to stop it.

It's not a winning strategy - eventually you'll run into a long enough run of low crashes to bust you. So no bankroll is enough, really. I wrote it for fun and to test out the new strategy engine.

Also note that in general it's dangerous to copy/paste people's strategy code because it could do nasty stuff like steal your account and/or bitcoins. But my code doesn't do that.
hopenotlate
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Activity: 3402
Merit: 1227
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Re: bustabit.com -- The Social Gambling Game
October 30, 2014, 02:49:42 AM
#626
Quote from: dooglus on October 29, 2014, 12:03:33 PM

I took the martingale strategy and slightly modified it, to make sure it starts at my base bet, and to allow me to bet with my choice of payout multiplier:

Code:
var baseBet = 1; // in Bits
var mult = 2.01;

var satoshis = baseBet * 100;
var crash = Math.floor(mult*100 + 1e-6);
var currentBet = false;

engine.onGameStarting = function () {
    if (currentBet && engine.lastGameWasLost()) {
        currentBet *= 2;
        console.log('double bet to', currentBet/100);
    } else {
        currentBet = satoshis;
        console.log('reset bet to', currentBet/100);
    }
    if (currentBet < engine.getBalance()) {
        console.log('place bet of', currentBet/100, 'at', crash/100);
        engine.placeBet(currentBet, crash, false);
    }
    else {
        engine.stop();
        console.log('You ran out of bits :(');
    }
};

It seems to be working:





I am a computer illiterate and don't know how to code: being that said I would like to know if I can use the strategy you coded on Windows OS and how to do it in case it is possible.

What is in your opinion a minimum starting bankroll that could fit this strategy?
dooglus
legendary
Activity: 2940
Merit: 1333
Re: bustabit.com -- The Social Gambling Game
October 30, 2014, 02:43:33 AM
#625
Quote from: blockage on October 29, 2014, 07:55:33 PM
In the meantime, here is your profit chart and I also included the bottom 98% of your cashout distribution:



Thanks! Smiley
blockage
member
Activity: 100
Merit: 10
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Re: bustabit.com -- The Social Gambling Game
October 29, 2014, 07:55:33 PM
#624
Quote from: dooglus on October 29, 2014, 04:08:17 PM
Quote from: jaysabi on October 29, 2014, 04:01:50 PM
It would be nice to see a graph of your entire history in one shot. I don't know how practical it is, but the automatic scaling of your last X bets is obviously more useful. Perhaps just for the novelty of seeing your entire history on one graph it would be interesting.

Yes, and that's something I'm sure I've asked for before.

Now I opened a github issue asking for it:

https://github.com/moneypot/webserver/issues/77

Let's see what happens. Since it's open source, the response will probably be "patches are welcome"... Smiley

In the meantime, here is your profit chart and I also included the bottom 98% of your cashout distribution:


dooglus
legendary
Activity: 2940
Merit: 1333
Re: bustabit.com -- The Social Gambling Game
October 29, 2014, 04:08:17 PM
#623
Quote from: jaysabi on October 29, 2014, 04:01:50 PM
It would be nice to see a graph of your entire history in one shot. I don't know how practical it is, but the automatic scaling of your last X bets is obviously more useful. Perhaps just for the novelty of seeing your entire history on one graph it would be interesting.

Yes, and that's something I'm sure I've asked for before.

Now I opened a github issue asking for it:

https://github.com/moneypot/webserver/issues/77

Let's see what happens. Since it's open source, the response will probably be "patches are welcome"... Smiley
jaysabi
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Activity: 2044
Merit: 1115
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Re: bustabit.com -- The Social Gambling Game
October 29, 2014, 04:01:50 PM
#622
Quote from: dooglus on October 29, 2014, 01:15:24 PM
Quote from: jaysabi on October 29, 2014, 12:12:33 PM
Quote from: dooglus on October 29, 2014, 12:03:33 PM


It's kinda funny to see what looks like a big dip and recovery in your graph, only to note that it's only a matter of 500 bits out of a profit of 2.8 million.

Yes. The y-axis scales automatically based on the range of profits you've had over the last 100 or so bets.

I made some bigger bets. What used to look like a dramatic martingale sequence now looks like a flat line:



It would be nice to see a graph of your entire history in one shot. I don't know how practical it is, but the automatic scaling of your last X bets is obviously more useful. Perhaps just for the novelty of seeing your entire history on one graph it would be interesting.
dooglus
legendary
Activity: 2940
Merit: 1333
Re: bustabit.com -- The Social Gambling Game
October 29, 2014, 01:15:24 PM
#621
Quote from: jaysabi on October 29, 2014, 12:12:33 PM
Quote from: dooglus on October 29, 2014, 12:03:33 PM


It's kinda funny to see what looks like a big dip and recovery in your graph, only to note that it's only a matter of 500 bits out of a profit of 2.8 million.

Yes. The y-axis scales automatically based on the range of profits you've had over the last 100 or so bets.

I made some bigger bets. What used to look like a dramatic martingale sequence now looks like a flat line:

jaysabi
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Activity: 2044
Merit: 1115
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Re: bustabit.com -- The Social Gambling Game
October 29, 2014, 12:12:33 PM
#620
Quote from: dooglus on October 29, 2014, 12:03:33 PM
Quote from: ?? on ??
The long awaited strategy editor now makes it's debut in pre-alpha quality. Lots of people have been wanting to play around with an early release, so now you have it. As one of the few gambling games that make it possible for +EV style game play, allowing bots is quite interesting. If you want to share or request strategies: http://www.reddit.com/r/moneypot is a good place to collect them.

I took the martingale strategy and slightly modified it, to make sure it starts at my base bet, and to allow me to bet with my choice of payout multiplier:

Code:
var baseBet = 1; // in Bits
var mult = 2.01;

var satoshis = baseBet * 100;
var crash = Math.floor(mult*100 + 1e-6);
var currentBet = false;

engine.onGameStarting = function () {
    if (currentBet && engine.lastGameWasLost()) {
        currentBet *= 2;
        console.log('double bet to', currentBet/100);
    } else {
        currentBet = satoshis;
        console.log('reset bet to', currentBet/100);
    }
    if (currentBet < engine.getBalance()) {
        console.log('place bet of', currentBet/100, 'at', crash/100);
        engine.placeBet(currentBet, crash, false);
    }
    else {
        engine.stop();
        console.log('You ran out of bits :(');
    }
};

It seems to be working:





It's kinda funny to see what looks like a big dip and recovery in your graph, only to note that it's only a matter of 500 bits out of a profit of 2.8 million.
dooglus
legendary
Activity: 2940
Merit: 1333
Re: bustabit.com -- The Social Gambling Game
October 29, 2014, 12:03:33 PM
#619
Quote from: ?? on ??
The long awaited strategy editor now makes it's debut in pre-alpha quality. Lots of people have been wanting to play around with an early release, so now you have it. As one of the few gambling games that make it possible for +EV style game play, allowing bots is quite interesting. If you want to share or request strategies: http://www.reddit.com/r/moneypot is a good place to collect them.

I took the martingale strategy and slightly modified it, to make sure it starts at my base bet, and to allow me to bet with my choice of payout multiplier:

Code:
var baseBet = 1; // in Bits
var mult = 2.01;

var satoshis = baseBet * 100;
var crash = Math.floor(mult*100 + 1e-6);
var currentBet = false;

engine.onGameStarting = function () {
    if (currentBet && engine.lastGameWasLost()) {
        currentBet *= 2;
        console.log('double bet to', currentBet/100);
    } else {
        currentBet = satoshis;
        console.log('reset bet to', currentBet/100);
    }
    if (currentBet < engine.getBalance()) {
        console.log('place bet of', currentBet/100, 'at', crash/100);
        engine.placeBet(currentBet, crash, false);
    }
    else {
        engine.stop();
        console.log('You ran out of bits :(');
    }
};

It seems to be working:



imp0ster
newbie
Activity: 50
Merit: 0
Re: bustabit.com -- The Social Gambling Game
October 29, 2014, 10:48:28 AM
#618
Quote from: Minnlo on October 29, 2014, 06:52:34 AM
Quote from: imp0ster on October 29, 2014, 03:58:28 AM
edit: http://www.reddit.com/r/Bitcoin/comments/2klmlf/we_got_sick_of_dice_so_we_created_a_new_mmo_twist/clmjdx1

Revealed AFTER the geame, so much for provably fair..

What do you mean by that?
The sha256 is published before the game, and the secret is published after the game. I don't see any problem there.

The problem is that I'm an idiot.
LuckyDot
newbie
Activity: 13
Merit: 0
Re: bustabit.com -- The Social Gambling Game
October 29, 2014, 06:56:27 AM
#617
I like the concept, will be playing here Smiley
m19
full member
Activity: 186
Merit: 100
Re: bustabit.com -- The Social Gambling Game
October 29, 2014, 06:55:58 AM
#616
Quote from: enryk on October 29, 2014, 06:38:30 AM
Quote from: shitaifan2013 on October 29, 2014, 03:31:57 AM
i found the following site on reddit: https://battlebase.co/ (http://www.reddit.com/r/Bitcoin/comments/2klmlf/we_got_sick_of_dice_so_we_created_a_new_mmo_twist/)

ist it another moneypot clone? it really looks like one with just another GUI, but i couldnt find any reference to mp, so I thought asking here might help.

yeah, its based on the same code, just a different front end.

Uhh, I really doubt that. It follows a similar concept but is totally different.
Minnlo
hero member
Activity: 868
Merit: 1000
Re: bustabit.com -- The Social Gambling Game
October 29, 2014, 06:52:34 AM
#615
Quote from: imp0ster on October 29, 2014, 03:58:28 AM
edit: http://www.reddit.com/r/Bitcoin/comments/2klmlf/we_got_sick_of_dice_so_we_created_a_new_mmo_twist/clmjdx1

Revealed AFTER the geame, so much for provably fair..

What do you mean by that?
The sha256 is published before the game, and the secret is published after the game. I don't see any problem there.
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