Topic: Casinobit - LIVE ROULETTE - [INVEST] - BEST CASINO OF 2013 - page 60. (Read 82396 times)

Just wanted to update everyone, we're going through some maintenance, you can get a peek through the video feed 

We're still accepting all the bets sent to us without the feed.

Someone has just won "Straight-Up" he is currently the luckiest person to date.

Video services are currently affected by transient DDOS attacks hitting our hosting services, and their upstream service providers.

No the question is legit, the answer is yes, I can payout and that I was just kidding about going out of business.

Thank you for your time and your criticism, it is appreciated.

I don't really know what you're saying here.

I was really just looking for reassurance that you've done the required analysis to be able to pay out if you get unlucky.  You'll accepting bets up to 2 BTC and paying out 35-1, so it's possible you can lose 70 BTC per player per spin.  That's a lot more than the 1 BTC you lost on the 'dozen' bet you reported about.

I'm not trying to troll or to offend.  Sorry if my post came across as insulting.

With the average game lasting 30 seconds I wonder by how many games exactly could we potentially delay the placement of the bets purposefully? Because the player can compare the time we've received the transaction and the time other nodes in the network have received it, the difference in time between us and the earliest node could be potentially used to get an answer (assuming it isn't sabotaged of course) according to my understanding, we could then establish a "global index" of the average number of games we could delay the placement of the bets by as means of proving that we're trustworthy, of course a superior approach would be for the high betting player to press a button confirming the exact moment the bet is placed. As of the moment there is virtually no risk for low betting players assuming the server doesn't crash or go offline.

I approach life in a very light manner, I consider myself to have a sense of humor and every time I chat with business colleagues across the world that I consider friends a couple of jokes at each other expenses are mandatory, that still doesn't interfere with my professional life and me being respectful when talking to individuals that don't know me. I am an avid bodybuilder that has used to do stand-up for fun, I can pretty much joke about anything. Normally I will address serious posts in a serious manner and pisstakes with trolling.

I myself have a pretty good stack of coins and can also get investors in order to pay out debts that arise as a part of this project so I really see no reason for us to steal from our customers, that's a stupid mans illusion.

Should we worry that if we have a big win you'll be unable to pay out?  Or do you have a big enough bankroll that your risk of ruin is minimal?  Joking about bankruptcy is probably somewhat off-putting given the history of Bitcoin casinos defaulting in the past.


Things to bear in mind:

1) transactions don't contain any kind of timestamp
2) block timestamps can be "in the past" by some non-trivial amount and still be valid

So time of receipt is probably a good way of doing it.  That means the players have to trust you though of course, since they can't be sure (other than believing you) as to when you first saw any given transaction.

Thanks, I will check out yours too.

Someone has bet 0.5 btc on dozen and won 1.5 btc in game 13713, people are getting lucky, I might be out of a business soon  

I believe I have not stressed this enough: This is still a beta, we are still perfecting the system.

Feeling much better now and we're going to rewrite the whole server, using the timestamp of when the transaction was received as means of determining in which game it belongs is the first step I believe, maybe I'm not that familiar with bitcoin on a technical level though so I will let our programmers handle it.

We're liking this site. Good concept and decent UI.

Sent, sorry for any inconveniences, you have been set an abnormally low tx fee by the server for some reason.

Not to be rude but this still has not yet been paid.
I sent casinobit a 0.002 bet and won 0.006.
http://www.casinobit.net/historyext.php?json=1&trans=3878bb5b62201b40cad30e510694643275323eeb2fd497b5b664a52276b168f3
the "outtran" which should have been the transaction of the winnings has not been received. and it looks like the bitcoin network hasn't seen it either
http://blockchain.info/tx/d0d9d234774ecdb14242665664b60aff627625e543ca599abd37804088c5a86a

you did however send me 0.003 which I thank you for. but it's only half of what is owed.

Lol,

Me too to be honest, I don't like to mention this because it seems like I am desperately trying to plug something but betting on a feed is different on the scale of excitement for me.

Still feel like crap with a 38.1 fever, so excuse me if I do not reply as promptly in a couple days.

I find it fascinating watching your roulette video feed.  I think there might be something wrong with me.  I'm like some kind of voyeur, only with gambling instead of sex.

I think we will have the option for players to deposit coins into their wallet with the needed info stored as a cookie on the players PC and close and send back the coins of inactive "accounts", we will always have our games work as "minigames" though, at the current moment we are looking to perfect this system first and look if there is room to expand.

We will also add some more info such as the dealers name and signals such as LAST BETS and NO MORE BETS which we receive server side. We will have to introduce outside players which are not familiar with the bitcoin economy to bitcoin in order to have everything working.

Maybe it would make more sense to allow players to keep a balance "on site" so they can play in real time.  If I was playing with large amounts of money I'd for sure want to know which spin my bet was riding on before the spin happened.

At the moment any bet which is more than 50USD will take 1 confirmation, then 2 confirmations for 200USD+ and an additional confirmation for every 300 from there, up to a maximum of 4 confirmations.

You could argue that we can theoretically cheat the high betting players but you can check the number of confirmations for the transaction and make sure it is included right away as soon as the proper number of confirmations is shown, also at the current moment winnings is higher than the total sum of bets.

The settings are still WIP as we experiment to achieve the perfect ones.

That's confusing me.  What confirmations are instantaneous?  When people talk about confirmations around here they're usually talking about getting transactions into the Bitcoin blockchain, and that's never instantaneous.  Are you talking about something else?

Also, do you have a clearly stated policy about which bets you process as soon as you receive them, and which you wait for some blockchain confirmations on?  It strikes me that otherwise you could cheat by looking at which number comes up, and then deciding whether a particular bet was just placed or whether you need to wait a while.


Thanks!  So it's a bunch of bets related to the layout of the numbers on the wheel.  Interesting.

We have one lucky winner today 13691  S(28...29)  0.01  0.18  16:44:36

I have also sent out 0.5 btc to a random stranger that placed a bet and an extra 0.18 to the lucky guy.

I don't know if the help you received from others has already cleared this up for you or not, but I'll try anyway.


I think you received 0.002 to 18YY, not from it.


This is normal, due to how bitcoin works.  You wanted to send 0.001 but didn't have any outputs in your wallet of exactly that amount.  So it used a bigger output, sent 0.001 of it to the casino site and sent the rest back to another of your addresses.

The casino site is a little unusual in that it sends your winnings to your change address, rather than back to the address the bet came from.  They mention this in their 'warning' section, and it's mostly fine.  The only problem is if you made two bets in a single transaction - suppose you bet on roulette and satoshidice in a single transaction.  The roulette site would see the satoshidice bet and think it was your change address.  They'd send the winnings to satoshidice, and if the bet won, they'd get the winnings...  So just never bet at more than one place in a single transaction and you'll be OK.


Yes, but it's your account.  It's a "change address" in your wallet.  bitcoin-qt doesn't show you the address, but does include the coins at that address in your balance, and lets you spend them.

As far as I know there is a chance that we will sell stock of "Casinobit - Roulette", meaning that you will only be able to invest in roulette and investing in other games would be separate, the reason for this is because profit sharing is a bit more complex when using live streams and an RNG like ours, in the future you will be able to bet on horse races and other various casino games so you would be getting a different % off the total amount received by the house since the prices of "generating" the numbers would be different across different games.

Hope you understand.