Topic: bustadice – Dilution fee lowered to 1% - page 50. (Read 37133 times)

For perspective, bustadice is taking up to 20 BTC bets. Losing 90 BTC isn't really all that strange, especially considering the (unfortunately) low volume it's doing. I've been able to audit the games, and I feel very confident that all wins are totally legitimate. (Unless I've been hacked or something, but it would be a strange hacker that leaves the ~200 bitcoin I have on my computer untouched )

On bustabit for instance, I've lost 270+ bitcoins from a player who was betting a max of 1 bitcoin at a time. No foul play involved, just variance.

As Daniel alluded to, the whole point of having a huge bankroll is because players really can actually win up that. If winning 100 BTC was some wtf-blackswan event, there would really be no point having such a big bankroll.

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Also on both other casinos I've been involved in, they both started off getting run pretty deep into the red before they eventually permanently recovered. I think bustabit for instance in the early day lost like 90 bitcoin in a single day, due to two whales having fun (betting 1 bitcoin at a time, each). I over-reacted to the situation and dropped the max bet to 0.1 bitcoin, which only served to drove the whales off (making them take their profits, and never return) and made that recovery take quite a long time.

I'm pretty confident in the future of bustabit. Daniel's now sitting on a pretty nice commission (instead of being in financial straits), and I'm sure the players are no doubt very happy. As long as there is volume, things will work out. 

Ever heard of variance? That's what is happening now.
Yeah, bustabit is down and players are up, but when you gamble now, you're still expected to lose 1% of your wagers over time.

not the only one,there was one story our gameprotect loved to harp on
where the site's bankroll suffered unexpected loss in a few huge winning bets,he cried foul play but nothing can be proven
here it must be variance or the pundits found some winning strategy
its luck-nothing more nothing less, 3% of the bankroll lost is not critical,but if the trend contimues to,say > 150 bitcoins lost
then yeah,selling houses and cars and playing on bustabit is a good idea 

-88btc now for investors.


i'm selling my car and buying BTc and gonna play at bustadice 24/7


only dice site on net where gamblers win

This is really huge bet ever, 20 btc with 2.25 multiplier is a daring thing to do. This is so big whale playing right here, but there is no result on their roll right there, I just wondering how much that he roll. 20 btc in a single bet is really huge amount to bet due to the current price. I believe this is the biggest bet ever currently compare to every site

Our provably fair system provides us with strong guarantees, so I am very confident that all wins have been legitimate. Regarding the correctness of our code, it might reassure you to learn that using simulations both Ryan and myself have independently confirmed that the house edge is as expected. In addition, blockage has analytically verified that the house edge is 1 %. That being said, anybody that wants to is very welcome to inspect the code responsible for calculating game results and the high-level description of our provably fair scheme themselves.

It's important to view the loss in the context of bustadice's bankroll size: Not to say that Ƀ 75 isn't a lot of money, but it only represents a drawdown of about 2.6 %. While that might be unlucky, it's hardly uncommon for a casino. After all, the point of having such a large bankroll is that we might need it to pay out a lucky player.

Though seriously, there might be something wrong with the code here. Since the investments are down by -73btc. I haven't seen this much losses in any gambling site I've been. Let's also take into account that there aren't much gamblers yet but losses are quite high. Also, there are multiple gamblers that won a lot of bitcoins from this site. That is somehow suspicious since there suddenly are a lot of high rollers that bet that much on the new site and most of the high rollers are winning. I'm not concluding anything, it might be just coincidence.

Maybe I can't argue that this is not provably fair, but maybe there is something in the code that makes chances of winning a lot more higher than the stated chances of winning. I'm just concerned, since I used to invest here and pulled out when I found better opportunities for my money (partly glad I did, since the investors lost 73btc). I'm no expert at coding anything, but maybe some neutral expert on this could check the code for everybody's sake.

just insane!
risk 20 bitcoins on a double chance,this guy ought to have some balls (or if this was a lady... something else)
wonder what was the total resulting multiplier for this round?
exact 2x means he just simply set autostop at 2x and prayed he would win
150.000$ in one fell swoop,wonder how many real life casinos accept bets that high

It finally happened: For the first time someone made use of bustadice's max profit by winning Ƀ 20 in a single bet. Congratulations!

Love this site and the simplicity of scripts

Fortunately our unique provably fair system gives us very strong assurances that all wins have been legitimate.

In order to be able to predict his rolls, an attacker would have to compromise not only the game server, but also the audit server. The audit server is independently operated and has a tiny attack surface, so I consider that highly unlikely.

As bustadice continues to gain traction we can expect investors' actual profit to converge to their expected value.

It seems like investors are quite steadily losing. The site has been operating for a month now and Profit/EV is -349.6% according to https://dicesites.com/bustadice. I hope the admins are closely watching and considering the possibility of the existence of exploits/bugs.

The site is cool, my gamble server (BGT) on discord just partnered up with them. 

In the future scripts will be able to create their own GUI for configuration, which will make them much more accessible and user-friendly. That's already possible in the upcoming bustabit v2 if you'd like to see what I mean.

Giving players perks based on experience points or something similar sounds nice, but that's more of a mid-term goal. I don't have any promotions planned for the immediate future, but that doesn't mean there will never be any, of course.



Correct, 1 bit is just another way of saying 100 satoshis. So 1,000,000 bits are equal to 1 bitcoin.

Wow, nice working. And one question more, 1 bits of our system equal 100 satoshies, right?. I hunt 100x and win 1 time after 30 roll.

I have registered on this site. This dice game is unique. By the way sir dev? Is there any upcoming features that you will add like auto bet not the script one and some Level faucet increasing if you are an active member there or any future promotions?

Great game, i just registered there, very excited to play this game.

This is insane! I didn't notice that you are running dice variant of bustabit. Looks very interesting and I will try it tonight.

If Dice site will be popular, investors can get good profit with time. In real life some Dice sites earn more than 1000 Bitcoins, so right now the most important question is to get players for some win via new site. And in this the site investors can need good promotion, which also need some Bitcoins. So all this will not be so easy. 

Right, the faucet amount starts at 10 bits and decreases the more you've claimed from it in recent history. Since it never goes below 1 bit you will always be able to play, though. And if you don't use the faucet in a while it will fill up again.