Chain-Bet.com | On Chain | No KYC | 15x Win | Provably Fair | Since 2016 - page 12.

adaseb

legendary

Activity: 3808

Merit: 1723

Quote from: bruboi on June 22, 2017, 03:07:04 PM

Quote from: adaseb on June 22, 2017, 02:45:30 PM

Quote from: bruboi on June 22, 2017, 02:02:40 PM

Quote

Your experiences will not have any impact on the mathematics. Don't try to say the house edge is something it's not.

Today I tried safedice and lost it all

But I won it back here... So maybe you can use your mathematics to increase your chance of guessing the right number

Congrats that you won something but it actually doesn't mean anything. You simply had bad luck when playing on Safedice and had good luck when you played on here.

I highly doubt you can find some edge, you can look at the blockchain and see if there are any numbers that appear consecutively and just don't bet on those to increase your chances or bet on the numbers that haven't appeared in a while.

Either way you can do the exact same statics with dice.

Sure I have luck at the moment.. I just don't see why people try to convince me to stop playing here and move on to some dice site.. Never stop a winning streak Cheesy

There is nothing wrong with this gambling site. The people who posted before are spreading FUD. The only thing that makes this site different from dice is that the house edge is a little higher.

Right now there is no way to cheat and withhold blocks to get a certain hex number. Yes its possible but mining farms are not going to give away full blocks of 12.5BTC+Fees just to cheat on this site. And FUDsters just keep complaining saying that its very easy to cheat and the site will lose its capital and become insolvent. Its ridiculous.

bruboi

member

Activity: 73

Merit: 13

Quote from: adaseb on June 22, 2017, 02:45:30 PM

Quote from: bruboi on June 22, 2017, 02:02:40 PM

Quote

Your experiences will not have any impact on the mathematics. Don't try to say the house edge is something it's not.

Today I tried safedice and lost it all

But I won it back here... So maybe you can use your mathematics to increase your chance of guessing the right number

Congrats that you won something but it actually doesn't mean anything. You simply had bad luck when playing on Safedice and had good luck when you played on here.

I highly doubt you can find some edge, you can look at the blockchain and see if there are any numbers that appear consecutively and just don't bet on those to increase your chances or bet on the numbers that haven't appeared in a while.

Either way you can do the exact same statics with dice.

Sure I have luck at the moment.. I just don't see why people try to convince me to stop playing here and move on to some dice site.. Never stop a winning streak Cheesy

adaseb

legendary

Activity: 3808

Merit: 1723

Quote from: bruboi on June 22, 2017, 02:02:40 PM

Quote

Your experiences will not have any impact on the mathematics. Don't try to say the house edge is something it's not.

Today I tried safedice and lost it all

But I won it back here... So maybe you can use your mathematics to increase your chance of guessing the right number

Congrats that you won something but it actually doesn't mean anything. You simply had bad luck when playing on Safedice and had good luck when you played on here.

I highly doubt you can find some edge, you can look at the blockchain and see if there are any numbers that appear consecutively and just don't bet on those to increase your chances or bet on the numbers that haven't appeared in a while.

Either way you can do the exact same statics with dice.

bruboi

member

Activity: 73

Merit: 13

Quote

Your experiences will not have any impact on the mathematics. Don't try to say the house edge is something it's not.

Today I tried safedice and lost it all

But I won it back here... So maybe you can use your mathematics to increase your chance of guessing the right number

actmyname

copper member

Activity: 2562

Merit: 2510

Spear the bees

Quote from: bruboi on June 21, 2017, 12:28:45 PM

They tell you that with this hashing algorithm and server seed you have 50% chance of winning. But in reality you have like 30% chance of winning...

This is just flat-out wrong. You can verify each bet and see the algorithm in which they determine results. It is PROVABLY fair, meaning there will be no inconsistencies with the result and what they advertise.

Quote from: bruboi on June 21, 2017, 12:28:45 PM

Here the house edge is 6,25%. So it is 6 times higher than other games but here I win. So I don't care about how much I potentially pay more if in reality I don't

Anecdotal evidence is not a reliable source. Suppose we do a coin flip and it's 50-50 odds but I lost every time to you.

Now suppose I do a coin flip against another person with 25-75 odds in their favor but I won two times out of three.

Anecdotally I won more from the 25-75 odds but in reality it's better to bet on better odds.

Your experiences will not have any impact on the mathematics. Don't try to say the house edge is something it's not.

bruboi

member

Activity: 73

Merit: 13

Quote from: actmyname on June 21, 2017, 12:15:53 PM

Quote from: bruboi on June 21, 2017, 06:59:06 AM

I can tell you from experience, I have thrown away thousands of dollar in sites like SatoshiBones. I play now like one month here at chain-bet and won about 1.2 btc here. All losings are already calculated into that amount. So at the moment the edge is on my side Cheesy

. The only thing is, you need to choose your number wise ;-) If you change your decision to often you gonna lose.

What I am saying is, if you know a game where you can choose the exact numbers by your self and not bet like at SatoshiBones or high low stuff.. then tell me. I like the concept of this game very much.. and if you go to a casino to play roulette the house edge is also about 6.25%.

That's American roulette, with the two zeroes.

Moneypot has a roulette game. House edge about 2.5%.

So does crypto-games, and it's provably fair and verifiable. But this one is 2.7%, the same as European roulette.

Be as it may, despite your current winnings, you would still be at an overall disadvantage playing this game.

Why would you pay (possibly) 10 times more to play a game you enjoy a little more? (Especially when you play with high amounts of money) I personally prefer blackjack to dice but that's perfectly fine for me since the house edge there is also usually low (<1%).

I have tried a couple of those 1% house edge games and lost a lot. I believe most of them are not really 1%.. They tell you that with this hashing algorithm and server seed you have 50% chance of winning. But in reality you have like 30% chance of winning...

Here the house edge is 6,25%. So it is 6 times higher than other games but here I win. So I don't care about how much I potentially pay more if in reality I don't

actmyname

copper member

Activity: 2562

Merit: 2510

Spear the bees

Quote from: bruboi on June 21, 2017, 06:59:06 AM

I can tell you from experience, I have thrown away thousands of dollar in sites like SatoshiBones. I play now like one month here at chain-bet and won about 1.2 btc here. All losings are already calculated into that amount. So at the moment the edge is on my side Cheesy

. The only thing is, you need to choose your number wise ;-) If you change your decision to often you gonna lose.

What I am saying is, if you know a game where you can choose the exact numbers by your self and not bet like at SatoshiBones or high low stuff.. then tell me. I like the concept of this game very much.. and if you go to a casino to play roulette the house edge is also about 6.25%.

That's American roulette, with the two zeroes.

Moneypot has a roulette game. House edge about 2.5%.

So does crypto-games, and it's provably fair and verifiable. But this one is 2.7%, the same as European roulette.

Be as it may, despite your current winnings, you would still be at an overall disadvantage playing this game.

Why would you pay (possibly) 10 times more to play a game you enjoy a little more? (Especially when you play with high amounts of money) I personally prefer blackjack to dice but that's perfectly fine for me since the house edge there is also usually low (<1%).

BTCevo

legendary

Activity: 1834

Merit: 1008

Quote from: adaseb on June 20, 2017, 03:31:24 AM

Quote from: DarkStar_ on June 19, 2017, 04:37:24 PM

Quote from: Bitcoin Gambling on June 19, 2017, 03:39:00 PM

Certain important changes has been made at https://www.Chain-Bet.com . . .

- Now, the winning is 15x.

- Nothing is deducted from bet amount any more.

- Minimum amount of bet is now 0.005 BTC.

What sparked the decision to lower the multiplier down to 15x? That brings the house edge up to a whopping 6.25%, which is over 6 times the bitcoin gambling industry standard (1%). There is almost 0 point in betting here now (only reason to bet is to wager and try to make a profit block hashes specifically). Taking the fixed fee would probably still be better for the player, since a 0.02BTC bet @ 5% edge is still lower than a 0.02BTC bet @ 6.25% edge. Way better to play on a normal dice site.

Yeah I'm pretty sure people will still gamble even with the higher house edge. Reason being is that most people these days are tired of dice and want something different.

Same way by people go to Casinos and instead of playing Roulette which has a low house edge they play slots which has the highest house edge there is.

This way you get to watch the blocks go by and you got protection that you aren't being cheated simply by Bitcoins huge hashrate

On slots case although there ia high house edge, people still can win huge amoun. It gives goos payout, mean while on here that is max payout is only 15x. Compare to other site this is really bad. I can say that 5% on freebitco.in is better than here cause they still give something good like reward point for each wagered and that is really worth of something after you collect it X amount

bruboi

member

Activity: 73

Merit: 13

Quote from: DarkStar_ on June 20, 2017, 08:23:46 PM

Quote from: bruboi on June 20, 2017, 12:39:20 PM

It is not nice that multiplier has been decreased for me as player but I think adaseb is right. I like this game because on the one hand I can choose which number I want to play and on the second hand I can verify the bet is fair without checking complex algorithms. I don't like to play standard dice games because most of them just have like bet high or low crap.

One advantage with new rules is that you can also send small bets without losing a lot for transaction processing.

That's very rich of you to pay an extra 4% per bet (and probably more, because tx fees and some sites have a lower edge) just because you want easy verification. If you bet very few, it's not that hard to read up on the algorithm (it's not that complex), and verify the bets yourself. Have you read up on how the hash of bitcoin blocks are generated, and verified that it is random? Also, it's worth noting that some dice sites go as low as 0.5% for a house edge, which is a lot better than 5%. There are other provably fair games with a low house edge, that aren't dice, and there are different twists on dice (like choosing the winning range).

I think it would be way better if Chain-Bet went offchain (or offered that as an option), and let you bet on block hashes for specific blocks. I'd probably play if they did that, if the multiplier was raised.

I can tell you from experience, I have thrown away thousands of dollar in sites like SatoshiBones. I play now like one month here at chain-bet and won about 1.2 btc here. All losings are already calculated into that amount. So at the moment the edge is on my side Cheesy

. The only thing is, you need to choose your number wise ;-) If you change your decision to often you gonna lose.

What I am saying is, if you know a game where you can choose the exact numbers by your self and not bet like at SatoshiBones or high low stuff.. then tell me. I like the concept of this game very much.. and if you go to a casino to play roulette the house edge is also about 6.25%.

DarkStar_

legendary

Activity: 2772

Merit: 3284

Quote from: bruboi on June 20, 2017, 12:39:20 PM

It is not nice that multiplier has been decreased for me as player but I think adaseb is right. I like this game because on the one hand I can choose which number I want to play and on the second hand I can verify the bet is fair without checking complex algorithms. I don't like to play standard dice games because most of them just have like bet high or low crap.

One advantage with new rules is that you can also send small bets without losing a lot for transaction processing.

That's very rich of you to pay an extra 4% per bet (and probably more, because tx fees and some sites have a lower edge) just because you want easy verification. If you bet very few, it's not that hard to read up on the algorithm (it's not that complex), and verify the bets yourself. Have you read up on how the hash of bitcoin blocks are generated, and verified that it is random? Also, it's worth noting that some dice sites go as low as 0.5% for a house edge, which is a lot better than 5%. There are other provably fair games with a low house edge, that aren't dice, and there are different twists on dice (like choosing the winning range).

I think it would be way better if Chain-Bet went offchain (or offered that as an option), and let you bet on block hashes for specific blocks. I'd probably play if they did that, if the multiplier was raised.

bruboi

member

Activity: 73

Merit: 13

Quote from: adaseb on June 20, 2017, 03:31:24 AM

Quote from: DarkStar_ on June 19, 2017, 04:37:24 PM

Quote from: Bitcoin Gambling on June 19, 2017, 03:39:00 PM

Certain important changes has been made at https://www.Chain-Bet.com . . .

- Now, the winning is 15x.

- Nothing is deducted from bet amount any more.

- Minimum amount of bet is now 0.005 BTC.

What sparked the decision to lower the multiplier down to 15x? That brings the house edge up to a whopping 6.25%, which is over 6 times the bitcoin gambling industry standard (1%). There is almost 0 point in betting here now (only reason to bet is to wager and try to make a profit block hashes specifically). Taking the fixed fee would probably still be better for the player, since a 0.02BTC bet @ 5% edge is still lower than a 0.02BTC bet @ 6.25% edge. Way better to play on a normal dice site.

Yeah I'm pretty sure people will still gamble even with the higher house edge. Reason being is that most people these days are tired of dice and want something different.

Same way by people go to Casinos and instead of playing Roulette which has a low house edge they play slots which has the highest house edge there is.

This way you get to watch the blocks go by and you got protection that you aren't being cheated simply by Bitcoins huge hashrate

It is not nice that multiplier has been decreased for me as player but I think adaseb is right. I like this game because on the one hand I can choose which number I want to play and on the second hand I can verify the bet is fair without checking complex algorithms. I don't like to play standard dice games because most of them just have like bet high or low crap.

One advantage with new rules is that you can also send small bets without losing a lot for transaction processing.

adaseb

legendary

Activity: 3808

Merit: 1723

Quote from: DarkStar_ on June 19, 2017, 04:37:24 PM

Quote from: Bitcoin Gambling on June 19, 2017, 03:39:00 PM

Certain important changes has been made at https://www.Chain-Bet.com . . .

- Now, the winning is 15x.

- Nothing is deducted from bet amount any more.

- Minimum amount of bet is now 0.005 BTC.

What sparked the decision to lower the multiplier down to 15x? That brings the house edge up to a whopping 6.25%, which is over 6 times the bitcoin gambling industry standard (1%). There is almost 0 point in betting here now (only reason to bet is to wager and try to make a profit block hashes specifically). Taking the fixed fee would probably still be better for the player, since a 0.02BTC bet @ 5% edge is still lower than a 0.02BTC bet @ 6.25% edge. Way better to play on a normal dice site.

Yeah I'm pretty sure people will still gamble even with the higher house edge. Reason being is that most people these days are tired of dice and want something different.

Same way by people go to Casinos and instead of playing Roulette which has a low house edge they play slots which has the highest house edge there is.

This way you get to watch the blocks go by and you got protection that you aren't being cheated simply by Bitcoins huge hashrate

DarkStar_

legendary

Activity: 2772

Merit: 3284

Quote from: Bitcoin Gambling on June 19, 2017, 03:39:00 PM

Certain important changes has been made at https://www.Chain-Bet.com . . .

- Now, the winning is 15x.

- Nothing is deducted from bet amount any more.

- Minimum amount of bet is now 0.005 BTC.

What sparked the decision to lower the multiplier down to 15x? That brings the house edge up to a whopping 6.25%, which is over 6 times the bitcoin gambling industry standard (1%). There is almost 0 point in betting here now (only reason to bet is to wager and try to make a profit block hashes specifically). Taking the fixed fee would probably still be better for the player, since a 0.02BTC bet @ 5% edge is still lower than a 0.02BTC bet @ 6.25% edge. Way better to play on a normal dice site.

Bitcoin Gambling

member

Activity: 206

Merit: 10

Certain important changes has been made at https://www.Chain-Bet.com . . .

- Now, the winning is 15x.

- Nothing is deducted from bet amount any more.

- Minimum amount of bet is now 0.005 BTC.

Bitcoin Gambling

member

Activity: 206

Merit: 10

Quote from: Bitcoin Gambling on June 05, 2017, 07:08:03 AM

Chain-Bet.com is Offering 50% Rakeback on Total Wager Amount to the highest wagerer in this difficulty period, i.e. 469728 to 471744.

Details here: https://bitcointalksearch.org/topic/chain-betcom-offering-50-rakeback-on-your-total-wager-amount-1948695

For now, this giveaway is over. Winner has received 50% rakeback. Details here - https://bitcointalksearch.org/topic/chain-betcom-offering-50-rakeback-on-your-total-wager-amount-1948695

Bitcoin Gambling

member

Activity: 206

Merit: 10

Quote from: bruboi on June 15, 2017, 06:27:47 PM

problem has been resolved right now.. got the payment

@admin,
you should put more funds on the hot wallet. it is not good if customers have to wait until your wallet has enough funds to pay them out.

Still, I have updated my signature to promote your site.

Quote from: bruboi on June 19, 2017, 10:39:29 AM

Quote from: bruboi on June 18, 2017, 06:23:50 PM

another transaction is hanging

Bet ID: 2385
Choice: 6
Bet Amount: 0.0185
Tx Hash: 40c4263dd1b73d297117660bc930647cd2299f38bafdabcea8427820a979fcfa
Status: won
Confirmation Block Height: 471883
Confirmation Block Hash: 0000000000000000017c845426add77490842db4176bb942d3e3fc374cf1caa6

please check

got the payment

thanks

Extremely sorry for the inconvenience caused. Due to frequent winnings, the hot wallet dried up. We keep monitoring the hot wallet every 24 hour. As it was filled in before, your winnings ware sent out by the system automatically.

bruboi

member

Activity: 73

Merit: 13

Quote from: bruboi on June 18, 2017, 06:23:50 PM

another transaction is hanging

Bet ID: 2385
Choice: 6
Bet Amount: 0.0185
Tx Hash: 40c4263dd1b73d297117660bc930647cd2299f38bafdabcea8427820a979fcfa
Status: won
Confirmation Block Height: 471883
Confirmation Block Hash: 0000000000000000017c845426add77490842db4176bb942d3e3fc374cf1caa6

please check

got the payment

thanks

tsaroz

legendary

Activity: 3150

Merit: 1069

Users can win some gamble but the gambling is won by the owner. I have an experience of holding dice with fiat. Though a user took about 300 thousand, in the end of the day I was still in profit with 10s and 100s people lose. You just have to keep your purse big for any bet.

bruboi

member

Activity: 73

Merit: 13

another transaction is hanging

Bet ID: 2385
Choice: 6
Bet Amount: 0.0185
Tx Hash: 40c4263dd1b73d297117660bc930647cd2299f38bafdabcea8427820a979fcfa
Status: won
Confirmation Block Height: 471883
Confirmation Block Hash: 0000000000000000017c845426add77490842db4176bb942d3e3fc374cf1caa6

please check

bruboi

member

Activity: 73

Merit: 13

problem has been resolved right now.. got the payment

@admin,
you should put more funds on the hot wallet. it is not good if customers have to wait until your wallet has enough funds to pay them out.

Still, I have updated my signature to promote your site.

Topic: Chain-Bet.com | On Chain | No KYC | 15x Win | Provably Fair | Since 2016 - page 12. (Read 38524 times)