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Topic: bustabit.com -- The Social Gambling Game - page 19. (Read 293931 times)

legendary
Activity: 1463
Merit: 1886
Also 1% skill ? You can't prove that ? Is it probabky fair that it is 1% . What skill exactly?  That's a way to advertise to get people to play and is the only problem I have with bustabit.

The "1% skill" part comes from ~1% of the game is bonus based. For every 100 BTC that is wagered, on average the site gives out 1% in bonuses. The bonus part is skill based in the sense you can compete with other players for it (see: bustabit.com/faq#fair)

Quote
If it was 1% skill bustabit would make no money. I think they mean 1% house edge. Who knows. Maybe there is a crash level you can pull xP

Actually the house edge is quite a bit lower than 1% (see: bustabit.com/faq#odds). The skill based part doesn't really impact the house, as it's actually a purely pvp component (players fight amongst themselves for it)
legendary
Activity: 2772
Merit: 3284
Also 1% skill ? You can't prove that ? Is it probabky fair that it is 1% . What skill exactly? That's a way to advertise to get people to play and is the only problem I have with bustabit. If it was 1% skill bustabit would make no money. I think they mean 1% house edge. Who knows. Maybe there is a crash level you can pull xP

The bonus system allows for skilled play, and there have been +EV bots created that can beat the house edge and make a profit. Those +EV bots make a profit from other people losing more. (which is why bustabit is kinda a PvP game) Bustabit makes money from their house edge, and people being unlucky. They even have a calculator for finding the house edge depending on the multiplier.

Poker is at least 50% skill, but poker houses still make money, so I don't see why 1% skill prevents bustabit from making money.
hero member
Activity: 966
Merit: 535
OMG bustabit . Ryan enjoy my money. Eh I'm not gonna play again it's too addictive and I'm the wrong person who should play I will go broke because it's too much fun. Also I watch a guy lose a lot the other day and don't want to end up like him.

Also 1% skill ? You can't prove that ? Is it probabky fair that it is 1% . What skill exactly? That's a way to advertise to get people to play and is the only problem I have with bustabit. If it was 1% skill bustabit would make no money. I think they mean 1% house edge. Who knows. Maybe there is a crash level you can pull xP
hero member
Activity: 700
Merit: 500
No way you can retire with ~$300,000 today....maybe if you're like 70 already...

It depends on where you live.
You have to be living in a very poor third World country to retire with $300K, I mean here where I live, I consider us either third World or a bad second World country and houses costs close to $300k if you want a good house. Definitely a lot more in USA in some places. If you live in a third World country where $300k is a whole lot of Money than I am sure you won’t be betting that on bustabit as well.
hero member
Activity: 1008
Merit: 1012
I just want a bitcoin based gambling site that I am wanting to join in on and try to be as transparent as possible to the players who want to join there site.

For what it's worth, bustabit is one of the most transparent gambling businesses out there.  You can see bustabit.com/stats with it presented over time by some sites like thebitcoinstrip.com But unfortunately there's nothing like FDIC-insured bitcoin casino accounts
Fair enough. Smiley
I see you have been asked these sort of questions before and have your answers prepared so not to disclose your site's secrets of your sites business model.
I can respect that. Wink
legendary
Activity: 1463
Merit: 1886
I just want a bitcoin based gambling site that I am wanting to join in on and try to be as transparent as possible to the players who want to join there site.

For what it's worth, bustabit is one of the most transparent gambling businesses out there.  You can see bustabit.com/stats with it presented over time by some sites like thebitcoinstrip.com But unfortunately there's nothing like FDIC-insured bitcoin casino accounts
hero member
Activity: 1008
Merit: 1012
No but, i believe the situation that happen and with the screenshots and everything showing you that i couldn't even cancel a bet and it still betted my money....never mind just please check you email.

As I've explained, I've carefully gone over the logs and the server behaved exactly as expected. While I'd love to have the margins to hand out money, bustabit operates on one of (or the?) lowest margins in the business and it simply isn't economically viable for me to refund losing bets. That is unfortunately non-negotiable and final, even if it means I get a bad review here and reddit.
Are you the owner of Bustabit?
Where are they located? It says licensed on the home page but that does not mean they are located there.
Clarify this so I can have confidence when I am placing my btc into the wallet of your site.

Although you have doubt in them, you can put it away just saw their big win there. See their leaderboard and you will be amaze on how much they have win. I do not say that it will guarantee you winning but it still depends on luck when you are doing gambling thing
Not really a doubt factor here. I didn't say anything about how much they are paying out or how much they are taking in. It is not about that.
I just want a bitcoin based gambling site that I am wanting to join in on and try to be as transparent as possible to the players who want to join there site.
Is that not something someone has the right to know when they are putting any of their money, in this case bitcoin which is worth money to them, into before they use a service or making a purchase?
If not, then you might as well be just giving him your money/bitcoin and not even bother playing. Because this is just as good as throwing your money/bitcoin away.
It is in my eyes anyways. Roll Eyes
legendary
Activity: 1834
Merit: 1008
No but, i believe the situation that happen and with the screenshots and everything showing you that i couldn't even cancel a bet and it still betted my money....never mind just please check you email.

As I've explained, I've carefully gone over the logs and the server behaved exactly as expected. While I'd love to have the margins to hand out money, bustabit operates on one of (or the?) lowest margins in the business and it simply isn't economically viable for me to refund losing bets. That is unfortunately non-negotiable and final, even if it means I get a bad review here and reddit.
Are you the owner of Bustabit?
Where are they located? It says licensed on the home page but that does not mean they are located there.
Clarify this so I can have confidence when I am placing my btc into the wallet of your site.

Although you have doubt in them, you can put it away just saw their big win there. See their leaderboard and you will be amaze on how much they have win. I do not say that it will guarantee you winning but it still depends on luck when you are doing gambling thing
legendary
Activity: 3402
Merit: 1227
Top Crypto Casino
No way you can retire with ~$300,000 today....maybe if you're like 70 already...

It depends on where you live.
legendary
Activity: 1680
Merit: 1001
Wow, we have a new #1 by net profit:

-snip-

Yup, that's right: LosDeXibalbaMC has won 286 BTC  Shocked
He only lead in 1 day (Lose 11 btc yesterday) and now gohard get his position back as the number #1 by the highest net profit https://www.bustabit.com/user/gohard with 279 BTC profit



hero member
Activity: 994
Merit: 502
No way you can retire with ~$300,000 today....maybe if you're like 70 already...
sr. member
Activity: 1162
Merit: 268
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Wow, we have a new #1 by net profit:




Yup, that's right: LosDeXibalbaMC has won 286 BTC  Shocked

Omg that win is kinda wicked! You can retire with that kind of money right now. I' ve been playing bustabit last month, Luckily I almost won 20$ and widraw and I left some balance. But recently i'm getting busted again and again. That win is kind of motivation and inspiration for me now, If I'm going to comeback to play this gambling game again.
hero member
Activity: 1008
Merit: 1012
Are you the owner of Bustabit?

Yeah


Quote
Where are they located? It says licensed on the home page but that does not mean they are located there.
Clarify this so I can have confidence when I am placing my btc into the wallet of your site.

There's no real regulatory oversight to bustabit, but if you did have a problem and wanted to take it up through legal channels, it'd be done in Costa Rica.  I'm pretty confident you won't have any problems though, the site does a huge amount of volume (average ~2000 BTC a day?) and has remarkably few complaints (probably less than a dozen cases in the entire history of bustabit that haven't been amicably resolved). Yesterday the site paid out 300 BTC (more than it took in) without holding any withdrawals for even a second.
From what I have read so far it was Moneypot correct?
And you were the owner of that one but sold it. Am I right in this observation or was that another site?
I am trying to get a background on you who are the owner of this site. Before I put any of my bits into it.
That is all.
hero member
Activity: 1008
Merit: 1012
No but, i believe the situation that happen and with the screenshots and everything showing you that i couldn't even cancel a bet and it still betted my money....never mind just please check you email.

As I've explained, I've carefully gone over the logs and the server behaved exactly as expected. While I'd love to have the margins to hand out money, bustabit operates on one of (or the?) lowest margins in the business and it simply isn't economically viable for me to refund losing bets. That is unfortunately non-negotiable and final, even if it means I get a bad review here and reddit.
Are you the owner of Bustabit?
Where are they located? It says licensed on the home page but that does not mean they are located there.
Clarify this so I can have confidence when I am placing my btc into the wallet of your site.
hero member
Activity: 994
Merit: 502
That was a copy pasting problem and I lost the money. After copy and while I paste the last digits changed and I didn't recognized. I use Coinbase, Do you know any way for refunds?

It's almost certain you have malware on your computer (possibly a malicious browser extension?). Bitcoin addresses have a checksum so no copy-and-paste error can cause that.

I can't offer refunds (the money never even went to me), I doubt coinbase does either -- but you could check with them. I'd make sure to check your computer pretty throughly as fortunately this was just a very small amount of money, it could be a lot worse

Yeah! I had tried in the notepad / word. While I copy your deposit address it change to other address when I paste. But it doesn't happens when I drag & drop. That means there's something which is doing this and changing the address. I had copied and pasted with full confidance because I had never ever faced this kind of problem before and a virus can change BTC address  Embarrassed

Sounds like you have an infected computer. There are a bunch of fairly common viruses and trojans that replace BTC addresses whenever you copy/paste
sr. member
Activity: 293
Merit: 250
https://tinyurl.com/cheapVPS200
That was a copy pasting problem and I lost the money. After copy and while I paste the last digits changed and I didn't recognized. I use Coinbase, Do you know any way for refunds?

It's almost certain you have malware on your computer (possibly a malicious browser extension?). Bitcoin addresses have a checksum so no copy-and-paste error can cause that.

I can't offer refunds (the money never even went to me), I doubt coinbase does either -- but you could check with them. I'd make sure to check your computer pretty throughly as fortunately this was just a very small amount of money, it could be a lot worse

Yeah! I had tried in the notepad / word. While I copy your deposit address it change to other address when I paste. But it doesn't happens when I drag & drop. That means there's something which is doing this and changing the address. I had copied and pasted with full confidance because I had never ever faced this kind of problem before and a virus can change BTC address  Embarrassed
legendary
Activity: 1463
Merit: 1886
That was a copy pasting problem and I lost the money. After copy and while I paste the last digits changed and I didn't recognized. I use Coinbase, Do you know any way for refunds?

It's almost certain you have malware on your computer (possibly a malicious browser extension?). Bitcoin addresses have a checksum so no copy-and-paste error can cause that.

I can't offer refunds (the money never even went to me), I doubt coinbase does either -- but you could check with them. I'd make sure to check your computer pretty throughly as fortunately this was just a very small amount of money, it could be a lot worse
sr. member
Activity: 356
Merit: 250

That transaction isn't sending money to a deposit address (neither 1AG1Tww6N3WS2AB2RWzDJ8EdqS4Y4QgNXw  or 1P6Di7brhBRvqywGcjQnA6hUC9ibc3UCJS is from bustabit).

If you're having issues, please use bustabit.com/support and i'll be happy to help

That was a copy pasting problem and I lost the money. After copy and while I paste the last digits changed and I didn't recognized. I use Coinbase, Do you know any way for refunds?

All transactions are permanent. And you didn't send them to bustabit so he can't refund it either. I think it's just gone Sad
sr. member
Activity: 293
Merit: 250
https://tinyurl.com/cheapVPS200

That transaction isn't sending money to a deposit address (neither 1AG1Tww6N3WS2AB2RWzDJ8EdqS4Y4QgNXw  or 1P6Di7brhBRvqywGcjQnA6hUC9ibc3UCJS is from bustabit).

If you're having issues, please use bustabit.com/support and i'll be happy to help

That was a copy pasting problem and I lost the money. After copy and while I paste the last digits changed and I didn't recognized. I use Coinbase, Do you know any way for refunds?
legendary
Activity: 1463
Merit: 1886

That transaction isn't sending money to a deposit address (neither 1AG1Tww6N3WS2AB2RWzDJ8EdqS4Y4QgNXw  or 1P6Di7brhBRvqywGcjQnA6hUC9ibc3UCJS is from bustabit).

If you're having issues, please use bustabit.com/support and i'll be happy to help
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