bustadice – Next Generation Dice - page 49.

devans

sr. member

Activity: 528

Merit: 368

Quote from: ?? on ??

Hey guys. Congrats on the site. It looks really nice.

I have a question about investing. It is said in the faq that the dilution fee is 10% for all investments. But offsite investments fees are paid with the onsite balance, that is a bit confusing to me. To get onsite balance, you are already paying a 10% fee. So aren't offsite investments charged twice? Or you get fee credit when you pay offsite fees with onsite balance, to compensate?

In an example: imagine i want to end up with 1btc onsite + 24 offsite. Total investment 25 btc. Fee should be a bit less than 2.5 btc (because i should get back a tiny part of the fee). How should i proceed, and how are onsite and offsite fees going to be charged in this case?

Thanks and sorry if i made dumb questions =)

You've got the right idea: Dilution fees are charged on the entire investment (onsite change plus offsite change), so to invest Ƀ 25 the fee would be (slightly less than) Ƀ 2.5. In your example the onsite investment wouldn't be able to cover that, so you'd either have to invest more onsite or reduce your offsite investment.

By the way: Moving coins from offsite to onsite and vice versa is free, so you can always increase or decrease your onsite to offsite ratio later on.

Josepht

hero member

Activity: 1008

Merit: 515

Quote from: jpcfan on November 08, 2017, 01:59:26 AM

-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

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.

veleten

legendary

Activity: 2016

Merit: 1107

Quote from: jpcfan on November 08, 2017, 01:59:26 AM

-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

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 Grin

jpcfan

hero member

Activity: 905

Merit: 502

I miss dooglus

-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

BTCevo

legendary

Activity: 1834

Merit: 1008

Quote from: devans on November 05, 2017, 07:11:38 PM

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

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

devans

sr. member

Activity: 528

Merit: 368

Quote from: Lone Shark on November 06, 2017, 02:03:07 PM

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.

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.

Lone Shark

sr. member

Activity: 588

Merit: 250

Quote from: devans on November 05, 2017, 07:11:38 PM

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

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.

veleten

legendary

Activity: 2016

Merit: 1107

Quote from: devans on November 05, 2017, 07:11:38 PM

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

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

devans

sr. member

Activity: 528

Merit: 368

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

UFFFPUFFF

newbie

Activity: 13

Merit: 0

Love this site and the simplicity of scripts

devans

sr. member

Activity: 528

Merit: 368

Quote from: trepxtz on November 02, 2017, 09:11:03 PM

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.

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.

trepxtz

newbie

Activity: 29

Merit: 6

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.

Pali

member

Activity: 221

Merit: 13

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

devans

sr. member

Activity: 528

Merit: 368

Quote from: steampunkz on October 28, 2017, 10:54:37 PM

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?

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.

Quote from: PDAngel on October 28, 2017, 11:31:09 PM

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. Roll Eyes

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

PDAngel

full member

Activity: 574

Merit: 100

Quote from: devans on October 28, 2017, 05:42:38 AM

Quote from: PDAngel on October 27, 2017, 09:32:55 PM

Amazing. I creat an account at bustadice. I like this animation and how to win(like bustabit). One question only, first time faucetis 10 bits, next time is only 5 bits?

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.

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. Roll Eyes

steampunkz

sr. member

Activity: 1162

Merit: 268

50% bonus on your First Topup

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?

MrKapoor

jr. member

Activity: 57

Merit: 10

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

kolesozw

legendary

Activity: 1316

Merit: 1004

FRX: Ferocious Alpha

Quote from: devans on October 27, 2017, 05:09:57 PM

Another big winner tonight! Congrats to btcking on his Ƀ 35 win!

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

Red Fish

sr. member

Activity: 435

Merit: 251

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. Grin

devans

sr. member

Activity: 528

Merit: 368

Quote from: PDAngel on October 27, 2017, 09:32:55 PM

Amazing. I creat an account at bustadice. I like this animation and how to win(like bustabit). One question only, first time faucetis 10 bits, next time is only 5 bits?

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.

Topic: bustadice – Next Generation Dice - page 49. (Read 37585 times)