bustabit.com -- The Social Gambling Game - page 36.

Lanzador

full member

Activity: 140

Merit: 100

Quote from: RHavar on October 21, 2016, 08:31:22 PM

Quote from: Lanzador on October 21, 2016, 06:44:27 PM

.01*(200-100)*(100/200) = 0.5 (50%)

You did that correct. The house edge at 2x is indeed 0.5% (see: bustabit.com/faq#odds for a nice chart)

Quote

Factoring in the 1% chance of busting at 0 should give the bettor a total expected return of 0.49 (49%), no? Am I doing this math wrong?

The chance of busing at 0x, is actually 1 in 101 -- but it doesn't impact the house edge at all. (Because in the other 100 out of 101 games, the site gives out 1%). Making the whole bonus/instabust scheme 0 EV

Ah gotcha. Thanks for the clarification.

RHavar

legendary

Activity: 1463

Merit: 1886

Quote from: Lanzador on October 21, 2016, 06:44:27 PM

.01*(200-100)*(100/200) = 0.5 (50%)

You did that correct. The house edge at 2x is indeed 0.5% (see: bustabit.com/faq#odds for a nice chart)

Quote

Factoring in the 1% chance of busting at 0 should give the bettor a total expected return of 0.49 (49%), no? Am I doing this math wrong?

The chance of busing at 0x, is actually 1 in 101 -- but it doesn't impact the house edge at all. (Because in the other 100 out of 101 games, the site gives out 1%). Making the whole bonus/instabust scheme 0 EV

Lanzador

full member

Activity: 140

Merit: 100

Quote from: RHavar on October 21, 2016, 04:58:07 PM

Quote from: Lanzador on October 21, 2016, 04:06:39 PM

Can someone tell me what the roomAmount variable stands for in this house edge calculation?

1 % * (intendedCashOut - roomAmount) * (roomAmount / intendedCashOut)

It means how much you bet. The name is a vestigial leftover from the time you joined a room to bet a certain amount of money. (But now there's only 1 "room" and you can bet how much you like)

Right, so using that formula though, I"m getting different odds than what your calculator is spitting out. That should give you even 50/50 odds of doubling your money, right?

.01*(200-100)*(100/200) = 0.5 (50%)

Factoring in the 1% chance of busting at 0 should give the bettor a total expected return of 0.49 (49%), no? Am I doing this math wrong?

MartinL

full member

Activity: 140

Merit: 100

Quote from: Lanzador on October 21, 2016, 04:06:39 PM

Can someone tell me what the roomAmount variable stands for in this house edge calculation?

1 % * (intendedCashOut - roomAmount) * (roomAmount / intendedCashOut)

It is worth noting that intendedCashOut is an absolute value–not the multiplier–and that the formula will return an absolute value.

If you only want to know the relative house edge for a certain multiplier, you can use the simplified function 0.01 - 0.01/m, where m is the multiplier.

RHavar

legendary

Activity: 1463

Merit: 1886

Quote from: Lanzador on October 21, 2016, 04:06:39 PM

Can someone tell me what the roomAmount variable stands for in this house edge calculation?

1 % * (intendedCashOut - roomAmount) * (roomAmount / intendedCashOut)

It means how much you bet. The name is a vestigial leftover from the time you joined a room to bet a certain amount of money. (But now there's only 1 "room" and you can bet how much you like)

Lanzador

full member

Activity: 140

Merit: 100

Can someone tell me what the roomAmount variable stands for in this house edge calculation?

1 % * (intendedCashOut - roomAmount) * (roomAmount / intendedCashOut)

MartinL

full member

Activity: 140

Merit: 100

Since Ryan posted, gohard has won another 40 BTC!

Lanzador

full member

Activity: 140

Merit: 100

Quote from: RocketSingh on October 21, 2016, 02:12:06 PM

Quote from: RHavar on October 20, 2016, 08:41:51 AM

Another couple of big winners on bustabit:

gohard for 164.3:
https://dl.dropboxusercontent.com/spa/rmczv2tqcr196vz/iy4nc27e.png

and

inside for 127.6 BTC:
https://dl.dropboxusercontent.com/spa/rmczv2tqcr196vz/cui0n-o2.png

(Apologizes for the spam, but it sucks to lose 300 bitcoin and not get at least some marketing material out of it Grin

)

LoLz... that's pretty expensive. Really. But, I like the way u market.

Haha this is the only time he markets, when BaB loses a ton of money. Not a bad strategy....big wins give people hope.

RocketSingh

legendary

Activity: 1662

Merit: 1050

Quote from: RHavar on October 20, 2016, 08:41:51 AM

Another couple of big winners on bustabit:

gohard for 164.3:
https://dl.dropboxusercontent.com/spa/rmczv2tqcr196vz/iy4nc27e.png

and

inside for 127.6 BTC:
https://dl.dropboxusercontent.com/spa/rmczv2tqcr196vz/cui0n-o2.png

(Apologizes for the spam, but it sucks to lose 300 bitcoin and not get at least some marketing material out of it Grin

)

LoLz... that's pretty expensive. Really. But, I like the way u market.

Lanzador

full member

Activity: 140

Merit: 100

Hey Ryan, a while back you explored the idea of creating "shares" for BustaBit - do you have any intentions of ever re-visiting that idea?

hopenotlate

legendary

Activity: 3402

Merit: 1227

Top Crypto Casino

Really expensive marketing, I 'd suggest you to launch a signature campaing and save hundreds of BTC Grin

On a serious note : around $ 105K and $ 81K worth of bitcoin wins here, really impressive and amazing (and a bit anviable as well) .

RHavar

legendary

Activity: 1463

Merit: 1886

Another couple of big winners on bustabit:

gohard for 164.3:

and

inside for 127.6 BTC:

(Apologizes for the spam, but it sucks to lose 300 bitcoin and not get at least some marketing material out of it Grin

)

TwitchySeal

legendary

Activity: 2716

Merit: 2093

Join the world-leading crypto sportsbook NOW!

Quote from: katerniko1 on October 13, 2016, 05:01:33 PM

Quote from: MartinL on October 13, 2016, 05:00:09 PM

Quote from: katerniko1 on October 13, 2016, 04:56:29 PM

3223303
https://www.bustabit.com/stats from there
regards.
-Katerniko1

3223303 is the (somewhat incorrect) number of games in total. Only roughly one in a thousand games are Nyan games, though.

im not sure what nyan games means Cheesy

regards.
-Katerniko1

"NyaNyaNyaNya"

regards.
-Twitchyseal

katerniko1

legendary

Activity: 966

Merit: 1000

Quote from: BEstBitcoin.casino on October 13, 2016, 05:12:13 PM

Quote from: RHavar on October 13, 2016, 04:41:35 PM

Wow, we've finally hit 500k bitcoin wagered!!

As a fun prize, first person who can tell me how many nyan games there has been, since we've been provably fair will get 0.1 btc. (Please don't guess, show exactly how you figured it out)

The answer is exactly: 2213 nyans!
I got all the gamehashes using "node gamecrashes 4ab7c5905cf87f80211de3c48cc09b4a82652e4e96f8b5bd6da7489cdc3392c5 > all.txt" with a recent hash. Then i opened the file and counted the number os instances over 1000 (using regex). It is 2213.

145Xmfzn9v3qAHMcJ9DXyVUEHG2PDwVEEk

Thanks my bustabit acct.

Thanks! Fluxxy!

nice, but job like this would be impossible for me i dont get a thing you did there xD well done

regards.
-Katerniko1

RHavar

legendary

Activity: 1463

Merit: 1886

Quote from: BEstBitcoin.casino on October 13, 2016, 05:12:13 PM

The answer is exactly: 2213 nyans!
I got all the gamehashes using "node gamecrashes 4ab7c5905cf87f80211de3c48cc09b4a82652e4e96f8b5bd6da7489cdc3392c5 > all.txt" with a recent hash. Then i opened the file and counted the number os instances over 1000 (using regex). It is 2213.

145Xmfzn9v3qAHMcJ9DXyVUEHG2PDwVEEk

Thanks my bustabit acct.

Thanks! Fluxxy!

Nice work, that's correct. I've sent it ( e81784831e1ccedcd8c31bcb1cc7711d84c157c59dc4bfbb0a56884d99fecc8b )

BEstBitcoin.casino

newbie

Activity: 1

Merit: 0

Quote from: RHavar on October 13, 2016, 04:41:35 PM

Wow, we've finally hit 500k bitcoin wagered!!

As a fun prize, first person who can tell me how many nyan games there has been, since we've been provably fair will get 0.1 btc. (Please don't guess, show exactly how you figured it out)

The answer is exactly: 2213 nyans!
I got all the gamehashes using "node gamecrashes 4ab7c5905cf87f80211de3c48cc09b4a82652e4e96f8b5bd6da7489cdc3392c5 > all.txt" with a recent hash. Then i opened the file and counted the number os instances over 1000 (using regex). It is 2213.

145Xmfzn9v3qAHMcJ9DXyVUEHG2PDwVEEk

Thanks my bustabit acct.

Thanks! Fluxxy!

MartinL

full member

Activity: 140

Merit: 100

Quote from: katerniko1 on October 13, 2016, 05:01:33 PM

im not sure what nyan games means Cheesy

regards.
-Katerniko1

If the multiplier reaches 1000.00x, a Nyan cat is shown. That is where the name comes from.

katerniko1

legendary

Activity: 966

Merit: 1000

Quote from: MartinL on October 13, 2016, 05:00:09 PM

Quote from: katerniko1 on October 13, 2016, 04:56:29 PM

3223303
https://www.bustabit.com/stats from there
regards.
-Katerniko1

3223303 is the (somewhat incorrect) number of games in total. Only roughly one in a thousand games are Nyan games, though.

im not sure what nyan games means Cheesy

regards.
-Katerniko1

MartinL

full member

Activity: 140

Merit: 100

Quote from: katerniko1 on October 13, 2016, 04:56:29 PM

3223303
https://www.bustabit.com/stats from there
regards.
-Katerniko1

3223303 is the (somewhat incorrect) number of games in total. Only roughly one in a thousand games are Nyan games, though.

katerniko1

legendary

Activity: 966

Merit: 1000

Quote from: RHavar on October 13, 2016, 04:41:35 PM

Wow, we've finally hit 500k bitcoin wagered!!

As a fun prize, first person who can tell me how many nyan games there has been, since we've been provably fair will get 0.1 btc. (Please don't guess, show exactly how you figured it out)

3223303
https://www.bustabit.com/stats from there
regards.
-Katerniko1

Topic: bustabit.com -- The Social Gambling Game - page 36. (Read 293959 times)