Topic: bustadice – Next Generation Dice - page 52. (Read 37537 times)
With a max profit of Ƀ 22 at launch we're finally live! Come join us at bustadice.com/play!
Just 3 hours to go, and the bankroll is looking pretty healthy!
So at launch it looks like the max-profit is going to be >21.645 bitcoin ($93k USD at current prices). As far as I can tell, this is the largest max-profit[1] of any bitcoin casino at the moment. Or anyone aware of something bigger? Hopefully the whales take note
[1] Sites like bustabit have a bigger max profit, but they constrain the max-bet. So I'm looking at it from the perspective someone trying to do something like a 2x bet
So at launch it looks like the max-profit is going to be >21.645 bitcoin ($93k USD at current prices). As far as I can tell, this is the largest max-profit[1] of any bitcoin casino at the moment. Or anyone aware of something bigger? Hopefully the whales take note
[1] Sites like bustabit have a bigger max profit, but they constrain the max-bet. So I'm looking at it from the perspective someone trying to do something like a 2x bet
As you can see in my casino overview thread, Primedice has a max win of 50 BTC. I couldn't find it on their site, but I've asked around a bit, and it seems that it's 50 BTC. It isn't confirmed by a mod or something, but it looked like everyone agreed on that amount.
Still an impressive result I'd say. I'm looking forward to the launch in a few hours
edit: either way, bustadice BR/max profit indeed looks good
Just 3 hours to go, and the bankroll is looking pretty healthy!
So at launch it looks like the max-profit is going to be >21.645 bitcoin ($93k USD at current prices). As far as I can tell, this is the largest max-profit[1] of any bitcoin casino at the moment. Or anyone aware of something bigger? Hopefully the whales take note
[1] Sites like bustabit have a bigger max profit, but they constrain the max-bet. So I'm looking at it from the perspective someone trying to do something like a 2x bet
So at launch it looks like the max-profit is going to be >21.645 bitcoin ($93k USD at current prices). As far as I can tell, this is the largest max-profit[1] of any bitcoin casino at the moment. Or anyone aware of something bigger? Hopefully the whales take note
[1] Sites like bustabit have a bigger max profit, but they constrain the max-bet. So I'm looking at it from the perspective someone trying to do something like a 2x bet
As you can see in my casino overview thread, Primedice has a max win of 50 BTC. I couldn't find it on their site, but I've asked around a bit, and it seems that it's 50 BTC. It isn't confirmed by a mod or something, but it looked like everyone agreed on that amount.
Still an impressive result I'd say. I'm looking forward to the launch in a few hours
I would like to ask this simple question if there's an affiliate program on your dice site?
I'm too excited for the release hope to see an active players on the chat box. 6 hours and 30 minutes before the release, see you later guys.
I'm too excited for the release hope to see an active players on the chat box. 6 hours and 30 minutes before the release, see you later guys.
We don't offer an affiliate program right now and don't have any plans for one in the immediate future.
I'm looking forward to the full release as well. See you there in a couple of hours!
I would like to ask this simple question if there's an affiliate program on your dice site?
I'm too excited for the release hope to see an active players on the chat box. 6 hours and 30 minutes before the release, see you later guys.
I'm too excited for the release hope to see an active players on the chat box. 6 hours and 30 minutes before the release, see you later guys.
With only eight hours to go until betting starts, investors have contributed a total of Ƀ 1,745 to the bankroll so far.
Quick reminder: Until the countdown on the play page reaches zero, the dilution fee of 10 % is waived. If you plan on investing, be sure to take advantage of that!
Quick reminder: Until the countdown on the play page reaches zero, the dilution fee of 10 % is waived. If you plan on investing, be sure to take advantage of that!
very nice Bank Roll already
are bustadice owners allowed to invest in the Bank Roll
good luck
With only eight hours to go until betting starts, investors have contributed a total of Ƀ 1,745 to the bankroll so far.
Quick reminder: Until the countdown on the play page reaches zero, the dilution fee of 10 % is waived. If you plan on investing, be sure to take advantage of that!
Quick reminder: Until the countdown on the play page reaches zero, the dilution fee of 10 % is waived. If you plan on investing, be sure to take advantage of that!
Congrats on the release devans and Ryan. Very nice looking UI.
Thanks, CrazyCraig!
a breath of fresh air in the pool of the regular dice sites
and the investment system is well worth looking into
pretty confusing for a newbie to be honest with you,took me a couple of re-reading to understand myself
the provably fair with the third party is something totally new
but I could not find the actual HE figures and how do you calculate investor's profit/loss from each separate bet?
and the investment system is well worth looking into
pretty confusing for a newbie to be honest with you,took me a couple of re-reading to understand myself
the provably fair with the third party is something totally new
but I could not find the actual HE figures and how do you calculate investor's profit/loss from each separate bet?
The house edge is 1 %. I'll add an example to the FAQ's section on offsite investing with the next update to (hopefully) explain it a little better.
Investors are collectively charged 0.25 % (25 % of the house edge) of each wager as a commission. After that the investors receive the entire profit or loss of every wager. How much an individual investor gains or loses is proportional to his share in the bankroll. For example if your onsite plus offsite makes up 1 % of the bankroll, you'll receive 1 % of the profit/loss.
a breath of fresh air in the pool of the regular dice sites
and the investment system is well worth looking into
pretty confusing for a newbie to be honest with you,took me a couple of re-reading to understand myself
the provably fair with the third party is something totally new
but I could not find the actual HE figures and how do you calculate investor's profit/loss from each separate bet?
and the investment system is well worth looking into
pretty confusing for a newbie to be honest with you,took me a couple of re-reading to understand myself
the provably fair with the third party is something totally new
but I could not find the actual HE figures and how do you calculate investor's profit/loss from each separate bet?
Congrats on the release devans and Ryan. Very nice looking UI.
Awesome project you have here guys, something refreshing to see. Great that you didn't go the old and tiring dice again route.
Although, I would like to know the difference with how bustabit works here. Since from the sample game you have on the site
it seems like it's the same as bustabit without the graph and that each player can play their own bustabit game by themselves.
Any more differences we should know off?
Although, I would like to know the difference with how bustabit works here. Since from the sample game you have on the site
it seems like it's the same as bustabit without the graph and that each player can play their own bustabit game by themselves.
Any more differences we should know off?
I think that's a fair comparison. bustadice is close to what I imagine a single-player bustabit might look like.
The most important gameplay differences to bustabit are that all bets are instantaneous and players don't share the same rolls. This means that games are faster and the max bet–though not necessarily the max profit–is much higher, which should be interesting for whales.
Also, because players don't share the same rolls, bustadice has less variance for the house than bustabit, which is nice for investors.
Thought as much. It's nice especially for the people that love bustabit, since this is the bustabit on fast forward mode. Indeed the name suits the game mechanics.
Well, I am looking forward playing here and hope to hit that 1,000,000 multiplier. Good luck and I hope more investors come in so that max win goes up some more.
Nice job here, as I can see this is a nother new dice game which offer really simple design but of course with huge bankroll in it. But if I can ask here, is the method of getting the multiplier exactly the same as bustabit? From what I see here, there is no actual number that become our result, there is only multiplier which give the result of our profit
Each bet's multiplier is calculated from its hash, just like in bustabit. The way we come up with the hash is different, though. You can read about how it works in this high-level technical overview from Ryan.
But from the player's perspective, verifying bets is virtually identical to how it's done in other provably fair dice casinos: The server generates a server seed and you pick a client seed. Then, after you've finished playing, you reveal the server seed and check your rolls. Take a look at the open-source verifier or look at its source code for details.
And one more question here. Do you intend to give out the max bet that we can bet here or may be max profit that we can take so people do not confuse when it comes to martingale strategy
The max bet is only limited by the max profit, which in turn is 0.75 % of the bankroll. Any bet whose potential profit doesn't exceed the max profit is allowed. For example, at the current max profit of approximately Ƀ 6 you could bet Ƀ 6 at 2.00x or Ƀ 600 at 1.01x because both have a potential profit of of Ƀ 6.
Of course you don't need to calculate this yourself. The current max profit will always be shown next to the game controls.
Nice job here, as I can see this is a nother new dice game which offer really simple design but of course with huge bankroll in it. But if I can ask here, is the method of getting the multiplier exactly the same as bustabit? From what I see here, there is no actual number that become our result, there is only multiplier which give the result of our profit
And one more question here. Do you intend to give out the max bet that we can bet here or may be max profit that we can take so people do not confuse when it comes to martingale strategy
And one more question here. Do you intend to give out the max bet that we can bet here or may be max profit that we can take so people do not confuse when it comes to martingale strategy
Awesome project you have here guys, something refreshing to see. Great that you didn't go the old and tiring dice again route.
Although, I would like to know the difference with how bustabit works here. Since from the sample game you have on the site
it seems like it's the same as bustabit without the graph and that each player can play their own bustabit game by themselves.
Any more differences we should know off?
Although, I would like to know the difference with how bustabit works here. Since from the sample game you have on the site
it seems like it's the same as bustabit without the graph and that each player can play their own bustabit game by themselves.
Any more differences we should know off?
I think that's a fair comparison. bustadice is close to what I imagine a single-player bustabit might look like.
The most important gameplay differences to bustabit are that all bets are instantaneous and players don't share the same rolls. This means that games are faster and the max bet–though not necessarily the max profit–is much higher, which should be interesting for whales.
Also, because players don't share the same rolls, bustadice has less variance for the house than bustabit, which is nice for investors.
Awesome project you have here guys, something refreshing to see. Great that you didn't go the old and tiring dice again route.
Although, I would like to know the difference with how bustabit works here. Since from the sample game you have on the site
it seems like it's the same as bustabit without the graph and that each player can play their own bustabit game by themselves.
Any more differences we should know off?
Although, I would like to know the difference with how bustabit works here. Since from the sample game you have on the site
it seems like it's the same as bustabit without the graph and that each player can play their own bustabit game by themselves.
Any more differences we should know off?
Looks good Some questions:
Who is the "neutral third party" of the cold storage?
Can you still adjust investment amounts without being charged the dilution fee (eg to lower the onsite amount or increase/lower the offsite amount of your investment - I obviously don't mean increasing onsite which is of course charged.)
The audit system sounds a bit like the idea I had 3 years ago, so cool to see that I am just confused to not see the audit hash anywhere and not mentioned in the verifier either. If audit seed is used in game calculation, wouldn't it be needed in verifier too?
Some questions:Who is the "neutral third party" of the cold storage?
Can you still adjust investment amounts without being charged the dilution fee (eg to lower the onsite amount or increase/lower the offsite amount of your investment - I obviously don't mean increasing onsite which is of course charged.)
The audit system sounds a bit like the idea I had 3 years ago, so cool to see that
I am just confused to not see the audit hash anywhere and not mentioned in the verifier either. If audit seed is used in game calculation, wouldn't it be needed in verifier too? 
So, if I see everything correctly, you are both (partial) owner of bustabit and bustadice? Or is bustadice just the site that 'evolved' from bustabit?
I am the exclusive owner of bustabit, and a partial owner of bustadice. Bustadice is it's own project separate from bustabit. I would describe it as "a bustabit inspired dice site".
Daniel is the guy who will be running it on a day-to-day basis (and in fact, for security I do not and will never have access to the servers). I helped a bit with the development, and going forward my primary role is just running the "seed server" and auditing the game results and co-signed of the cold-storage.
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Another question: what is the model that should make profit behind this? Is there a commission on profits for the investors?
The site charges investors 25% of the house edge on each bet (regardless if win's or not). Other than that, everything goes directly to the bankroll (and thus investors).
Site looks very promising, excited to try it out. Not sure how I feel about 25% of the house edge regardless of win or loss, would suck to lose money on the investment and then have to pay fees but profit wise it still should work out in long run. The dilution aspect would make me a bit apprehensive to invest but it's pretty unique and seems good for longterm investors.
its good to see the new generation dice game. really excited to play it, also thinking to invest some. good luck with the team
Site design looks nice and interested to invest some money here but one thing wants to ask.
"Usually there is a fee of 10 % on investments to protect existing investors against dilution, but this fee is waived until betting begins."
This means that if I invest now and dilute anyone in future there won't be 10% dilution fee for me?
"Usually there is a fee of 10 % on investments to protect existing investors against dilution, but this fee is waived until betting begins."
This means that if I invest now and dilute anyone in future there won't be 10% dilution fee for me?
In the future, investors will have to pay 10 % of their investment to all existing investors. That doesn't apply to any investment you make during the prerelease period over the next few days.
If you decide to invest more in the future (after the prerelease period), the fee will apply to that investment regardless of whether or not you invest now.
Thanks for the quick reply. I will consider investing some money in this site.
Another thing I notice is I can't change the password which I can remember for this site right? It always generates a new password which I can't memorise. If I can remember then it is good because any way you guys already providing 2fa function to protect accounts.
Congratulations on the launch!
I'm obviously pretty biased (as a partial owner), but I am really excited about this site and it's future.
I'm obviously pretty biased (as a partial owner), but I am really excited about this site and it's future.
So, if I see everything correctly, you are both (partial) owner of bustabit and bustadice? Or is bustadice just the site that 'evolved' from bustabit?
Anyways, good to know that you're involved here as well. That gives me enough trust to invest here
Another question: what is the model that should make profit behind this? Is there a commission on profits for the investors?
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