bustabit.com -- The Social Gambling Game - page 25.

libertynow

full member

Activity: 145

Merit: 100

Quote from: fiscorcle on February 23, 2017, 01:25:54 PM

Quote from: libertynow on February 23, 2017, 10:42:40 AM

Quote from: RHavar on February 22, 2017, 03:35:43 PM

Quote from: fiscorcle on February 22, 2017, 01:02:08 PM

Still trusting in the EV?

His bot seems to be doing reasonably well. It's wagered wagered 501.34 BTC, but got 8.1453 BTC in bonuses. His average cash out is around 1.28x, so that puts him pretty firmly in +EV territory.

Thanks for that confirmation, Ryan. I was starting to wonder if my EV calculation was wrong.

You calculate it in real-time?

The bet amount has the EV stored in the last 3 digits. For example, right now the bet amount is 17,117. The "1" in the hundreds spot means the EV is positive. The last two digits, "17" means that it's currently running a minimum EV of .17%/bet. According to the stats Ryan provided, EV is actually much higher around .40%. 8.1453 / 501.34 = 1.6247% - 1% (0x bust every 101 games) - .218% (house edge at 128) = .407%/bet

Every once in a while, I start and stop the bot. So that EV stored in the bet amount is for that session. Previous stats are stored at the NXT forum here: https://nxtforum.org/index.php?topic=13275.msg229488#msg229488

Thanks for the question.
LibertyNow

fiscorcle

hero member

Activity: 994

Merit: 502

Quote from: libertynow on February 23, 2017, 10:42:40 AM

Quote from: RHavar on February 22, 2017, 03:35:43 PM

Quote from: fiscorcle on February 22, 2017, 01:02:08 PM

Still trusting in the EV?

His bot seems to be doing reasonably well. It's wagered wagered 501.34 BTC, but got 8.1453 BTC in bonuses. His average cash out is around 1.28x, so that puts him pretty firmly in +EV territory.

Thanks for that confirmation, Ryan. I was starting to wonder if my EV calculation was wrong.

You calculate it in real-time?

Luxo42

member

Activity: 126

Merit: 22

libertynow, is RoberBaron your account? same bets and cashouts.

libertynow

full member

Activity: 145

Merit: 100

Quote from: RHavar on February 22, 2017, 03:35:43 PM

Quote from: fiscorcle on February 22, 2017, 01:02:08 PM

Still trusting in the EV?

His bot seems to be doing reasonably well. It's wagered wagered 501.34 BTC, but got 8.1453 BTC in bonuses. His average cash out is around 1.28x, so that puts him pretty firmly in +EV territory.

Thanks for that confirmation, Ryan. I was starting to wonder if my EV calculation was wrong.

fiscorcle

hero member

Activity: 994

Merit: 502

Quote from: RHavar on February 22, 2017, 03:35:43 PM

Quote from: fiscorcle on February 22, 2017, 01:02:08 PM

Still trusting in the EV?

His bot seems to be doing reasonably well. It's wagered wagered 501.34 BTC, but got 8.1453 BTC in bonuses. His average cash out is around 1.28x, so that puts him pretty firmly in +EV territory.

Very nice! Surprising, but definitely like to hear it

RHavar

legendary

Activity: 2557

Merit: 1886

Quote from: fiscorcle on February 22, 2017, 01:02:08 PM

Still trusting in the EV?

His bot seems to be doing reasonably well. It's wagered wagered 501.34 BTC, but got 8.1453 BTC in bonuses. His average cash out is around 1.28x, so that puts him pretty firmly in +EV territory.

fiscorcle

hero member

Activity: 994

Merit: 502

Quote from: libertynow on February 13, 2017, 12:47:51 PM

Quote from: fiscorcle on February 13, 2017, 03:14:52 AM

Quote from: libertynow on February 12, 2017, 04:01:03 PM

If anybody is looking to gamble vicariously through my bonus bot, check this out:
https://nxtforum.org/index.php?topic=13275.msg229488#msg229488

Bot is EDGE_NXTAE. https://www.bustabit.com/user/EDGE_NXTAE

All questions welcome.

Thanks for your interest,
LibertyNow

https://www.bustabit.com/user/EDGE_NXTAE

Not looking too good right now, is it?

Actually, I'm very pleased. You can see the bet amount right now is 6,132. That means EV is positive and a whopping .32%/bet. The variance swings wildly, but if EV is positive the peaks and troughs will move up. Yesterday, it was over 300k. Just watch and you'll see.

I also take BTC investments directly. Just msg me with your NXT account and how much your sending. I'll reply with the BTC address to send to and what your NXT/BTC price lock is.

Thanks,
LibertyNow

Still trusting in the EV?

devans

sr. member

Activity: 528

Merit: 368

Quote from: Zenzolina on February 22, 2017, 06:59:42 AM

Look. Every single slot game use rng to determine "random" outcome of current spin, yet you can fix it to give, 80 - 70 - 60 or even less % of total pay ins....it will never give more than it is deposited.....same here...why do you think he cannot fix % of payouts on the game he coded by himself

If you meant that bustabit pays out slightly less to its players than it takes in (99.9987 %, historically) you are of course correct. This is true for virtually all casinos since their goal is to make a profit after all. However, your phrasing seemed to imply that bad outcomes are deliberately chosen when specific players are active, which is demonstrably false. Perhaps that just a misunderstanding on my end, in which case I apologize.

In any case, the outcomes of all bustabit games from #1,000,000 through #10,000,000 were determined more than two years ago. They cannot be altered without players noticing. See its provably fair seeding events for technical details.

Zenzolina

sr. member

Activity: 266

Merit: 250

Quote from: devans on February 22, 2017, 05:56:09 AM

Quote from: Zenzolina on February 22, 2017, 04:27:33 AM

Dont be naive. Site is full of bots controlled by owner pretending to win...when actuall player place a bet he is guaranteed to lose.

Even if you assume that every single player but yourself is a bot, the game is still provably fair. It is not possible for bustabit to manipulate the outcome of any game without players noticing.

Why would you believe that, though? bustabit has been operating in good faith for years.

Look. Every single slot game use rng to determine "random" outcome of current spin, yet you can fix it to give, 80 - 70 - 60 or even less % of total pay ins....it will never give more than it is deposited.....same here...why do you think he cannot fix % of payouts on the game he coded by himself

stomachgrowls

hero member

Activity: 2856

Merit: 769

Quote from: JasonXG on February 19, 2017, 08:09:43 PM

Quote from: jaysabi on February 19, 2017, 11:43:12 AM

Quote from: DarkDays on February 18, 2017, 08:21:20 PM

Quote from: jaysabi on February 18, 2017, 07:33:46 PM

Quote from: RHavar on February 17, 2017, 07:30:09 PM

Congratulations to LosDeXibalbaMC for joining the exclusive club of getting 200+ BTC in profit!

Is it accurate that this graph is showing a 7ish btc gain on a single game? If so, what was the stake that game, and what multiplier did he cash out at? No way I have the nerves to ride the timer for however long that took to earn, whether it was a long timer or a huge bet. I felt like a wild man the few times I let the timer get past 2.5x (but I'm also really risk averse). Bets like this intrigue me.

https://www.bustabit.com/game/3680216

Damn man. Basically a $1000 bet and letting it ride that long. Can't really imagine the nerves that would have taken. Told perhaps if he's used to betting that much at a time, you get desensitized to it after awhile, so maybe it's not quite what I imagine it to be. But when you're up that high on the multiplayer, you're basically sitting with a $1000 bet and looking at odds of about, what, 12ish percent success? The thing that always gets me is the opportunity cost of not cashing out. It's one thing to roll dice and say "I know going into this bet that I have a 10% chance of winning but the payout will be 10x if I hit. It's an immediate calculation. With this, you can have he same mindset going in, but then you watch the multiplayer pass 6x, 7x, 8x... and you're already in rare territory, and every second you choose not to cash out, you're re-risking what you could have already locked in as a gain. It's why I rarely make it past 2.5x. I just over think it.

I agree with you. You need balls of steel to hold on for that long. I just can't do that I rarely ever go over 2x I pull out earlier. Even going past 25% tests my nerves. This guys just lays down $1000 like it was nothing. It also amaes me how some people ride for so long and dont cash out lots just silly and greedy. Like at 25x you would think the guy was happy but nope. Imagine riding with $1000 up into the 100s. Damn !

25x thats insane and you would really need titanium balls in order to hold that for that long and same as yours even on 25% gain per run is already enough for me and the max payout or multiplier would be only 2x or 2.5 but for 25x then its impossible and i cant afford to put that amounts on a single run.

devans

sr. member

Activity: 528

Merit: 368

Quote from: Zenzolina on February 22, 2017, 04:27:33 AM

Dont be naive. Site is full of bots controlled by owner pretending to win...when actuall player place a bet he is guaranteed to lose.

Even if you assume that every single player but yourself is a bot, the game is still provably fair. It is not possible for bustabit to manipulate the outcome of any game without players noticing.

Why would you believe that, though? bustabit has been operating in good faith for years.

Zenzolina

sr. member

Activity: 266

Merit: 250

Your donk face says all i think Wink

B_UN1T

sr. member

Activity: 336

Merit: 254

Quote from: Zenzolina on February 22, 2017, 04:27:33 AM

Dont be naive. Site is full of bots controlled by owner pretending to win...when actuall player place a bet he is guaranteed to lose.

Your red trust say all i think

Zenzolina

sr. member

Activity: 266

Merit: 250

Dont be naive. Site is full of bots controlled by owner pretending to win...when actuall player place a bet he is guaranteed to lose.

JasonXG

hero member

Activity: 770

Merit: 500

Quote from: jaysabi on February 19, 2017, 11:43:12 AM

Quote from: DarkDays on February 18, 2017, 08:21:20 PM

Quote from: jaysabi on February 18, 2017, 07:33:46 PM

Quote from: RHavar on February 17, 2017, 07:30:09 PM

Congratulations to LosDeXibalbaMC for joining the exclusive club of getting 200+ BTC in profit!

Is it accurate that this graph is showing a 7ish btc gain on a single game? If so, what was the stake that game, and what multiplier did he cash out at? No way I have the nerves to ride the timer for however long that took to earn, whether it was a long timer or a huge bet. I felt like a wild man the few times I let the timer get past 2.5x (but I'm also really risk averse). Bets like this intrigue me.

https://www.bustabit.com/game/3680216

Damn man. Basically a $1000 bet and letting it ride that long. Can't really imagine the nerves that would have taken. Told perhaps if he's used to betting that much at a time, you get desensitized to it after awhile, so maybe it's not quite what I imagine it to be. But when you're up that high on the multiplayer, you're basically sitting with a $1000 bet and looking at odds of about, what, 12ish percent success? The thing that always gets me is the opportunity cost of not cashing out. It's one thing to roll dice and say "I know going into this bet that I have a 10% chance of winning but the payout will be 10x if I hit. It's an immediate calculation. With this, you can have he same mindset going in, but then you watch the multiplayer pass 6x, 7x, 8x... and you're already in rare territory, and every second you choose not to cash out, you're re-risking what you could have already locked in as a gain. It's why I rarely make it past 2.5x. I just over think it.

I agree with you. You need balls of steel to hold on for that long. I just can't do that I rarely ever go over 2x I pull out earlier. Even going past 25% tests my nerves. This guys just lays down $1000 like it was nothing. It also amaes me how some people ride for so long and dont cash out lots just silly and greedy. Like at 25x you would think the guy was happy but nope. Imagine riding with $1000 up into the 100s. Damn !

jaysabi

legendary

Activity: 2044

Merit: 1115

★777Coin.com★ Fun BTC Casino!

Quote from: DarkDays on February 18, 2017, 08:21:20 PM

Quote from: jaysabi on February 18, 2017, 07:33:46 PM

Quote from: RHavar on February 17, 2017, 07:30:09 PM

Congratulations to LosDeXibalbaMC for joining the exclusive club of getting 200+ BTC in profit!

Is it accurate that this graph is showing a 7ish btc gain on a single game? If so, what was the stake that game, and what multiplier did he cash out at? No way I have the nerves to ride the timer for however long that took to earn, whether it was a long timer or a huge bet. I felt like a wild man the few times I let the timer get past 2.5x (but I'm also really risk averse). Bets like this intrigue me.

https://www.bustabit.com/game/3680216

Damn man. Basically a $1000 bet and letting it ride that long. Can't really imagine the nerves that would have taken. Told perhaps if he's used to betting that much at a time, you get desensitized to it after awhile, so maybe it's not quite what I imagine it to be. But when you're up that high on the multiplayer, you're basically sitting with a $1000 bet and looking at odds of about, what, 12ish percent success? The thing that always gets me is the opportunity cost of not cashing out. It's one thing to roll dice and say "I know going into this bet that I have a 10% chance of winning but the payout will be 10x if I hit. It's an immediate calculation. With this, you can have he same mindset going in, but then you watch the multiplayer pass 6x, 7x, 8x... and you're already in rare territory, and every second you choose not to cash out, you're re-risking what you could have already locked in as a gain. It's why I rarely make it past 2.5x. I just over think it.

kryptqnick

legendary

Activity: 3150

Merit: 1392

Join the world-leading crypto sportsbook NOW!

Did I get it right that the game is sort of imitating what happens on the bourse with different papers growing in price and than costing nothing? Then I think this game is significantly useful. It's not just gambling, it's also some practice for people who do such work every day like in the film " A Good Year". I wanted to try playing but found out there is no faucet here. When I first entered the site I think I saw the 'play for fun' mode but I didn't find it after registration...

kolloh

legendary

Activity: 1736

Merit: 1023

Quite an impressive profit he has there and that 8 btc win in a single game was quite the hit as well.

J Gambler

hero member

Activity: 910

Merit: 500

Quote from: RHavar on February 17, 2017, 07:30:09 PM

Congratulations to LosDeXibalbaMC for joining the exclusive club of getting 200+ BTC in profit!

This is big winnings :O i remembred one player who already did this kind of profit i wish i could bet 1 bitcoin per round there but im always afraid lmao congratulation to him best of luck , will try to follow his step.

DarkDays

legendary

Activity: 2030

Merit: 1189

Quote from: jaysabi on February 18, 2017, 07:33:46 PM

Quote from: RHavar on February 17, 2017, 07:30:09 PM

Congratulations to LosDeXibalbaMC for joining the exclusive club of getting 200+ BTC in profit!

Is it accurate that this graph is showing a 7ish btc gain on a single game? If so, what was the stake that game, and what multiplier did he cash out at? No way I have the nerves to ride the timer for however long that took to earn, whether it was a long timer or a huge bet. I felt like a wild man the few times I let the timer get past 2.5x (but I'm also really risk averse). Bets like this intrigue me.

https://www.bustabit.com/game/3680216

Topic: bustabit.com -- The Social Gambling Game - page 25. (Read 293500 times)