Is it the only game running with 0% house edge?
is this for real? 0 house edge? just can't say how this things would work or how the house will profits from this site if the house edge where 0% let me see it by myself and check this site. 
Topic: Chain-Bet.com | On Chain | No KYC | 15x Win | Provably Fair | Since 2016 - page 19. (Read 38506 times)
September 29, 2016, 12:15:33 PM
September 28, 2016, 11:38:49 AM
Is it the only game running with 0% house edge?
is this for real? 0 house edge? just can't say how this things would work or how the house will profits from this site if the house edge where 0% let me see it by myself and check this site. September 21, 2016, 04:39:41 PM
Actually this is the first time that I saw your site and after I read some of your game explanation, it is quite good though. You should give more promotion on this so you will get more players.
Nice to know that you liked the game and thank you so much for your suggestion.Anyway after we win, our payout will deduct any fees? Or it is pure 16x payout?
From the FAQ and existing bets placed, it can be said that they deduct 0.0002 BTC from each bet sent to their address as transaction processing fee. Following is taken from their FAQ...
Quote
7. Why is 0.0002 BTC missing from the bet amount I sent?
A transaction processing fee of 0.0002 BTC is deducted from each bet.
A transaction processing fee of 0.0002 BTC is deducted from each bet.
So, if u send 0.1002 BTC, your bet amount will be 0.1 BTC. And if you win, u'll get back 1.6 BTC. I hope, OP may confirm this explanation.
September 20, 2016, 06:06:02 AM
Anyway after we win, our payout will deduct any fees? Or it is pure 16x payout?
From the FAQ and existing bets placed, it can be said that they deduct 0.0002 BTC from each bet sent to their address as transaction processing fee. Following is taken from their FAQ...
Quote
7. Why is 0.0002 BTC missing from the bet amount I sent?
A transaction processing fee of 0.0002 BTC is deducted from each bet.
A transaction processing fee of 0.0002 BTC is deducted from each bet.
So, if u send 0.1002 BTC, your bet amount will be 0.1 BTC. And if you win, u'll get back 1.6 BTC. I hope, OP may confirm this explanation.
September 19, 2016, 08:46:15 PM
Actually this is the first time that I saw your site and after I read some of your game explanation, it is quite good though. You should give more promotion on this so you will get more players. Anyway after we win, our payout will deduct any fees? Or it is pure 16x payout?
September 19, 2016, 06:14:18 PM
Maximum bet amount allowed has been raised from 0.1 BTC to 1 BTC. Anything over this amount will be considered as donation.
September 19, 2016, 04:41:28 PM
September 19, 2016, 11:12:38 AM
nice game, that's a very good way to have a provably fair game but the odds are still not matching the payment...
See my point?
You have referred to a quote which is more than three months old. At that point, return was 4 times. Hence, house edge was 75%. Now, return is 16 times. Hence, house edge is 0%. The current formula for the calculation is as follows...EV= (-15*1/16) + (3*1/16) = -0.75........Translation: expect to lose 75% of your money on average.
Interpretation: don't be stupid enough to play against the house.
Interpretation: don't be stupid enough to play against the house.
We have temporarily quashed the Player vs Player game, as it was creating confusion for new players. Now, every bet is placed directly against house.
See my point?
EV= (-15*1/16) + (15*1/16) = 0
September 19, 2016, 09:34:26 AM
nice game, that's a very good way to have a provably fair game but the odds are still not matching the payment...
See my point?
EV= (-15*1/16) + (3*1/16) = -0.75........Translation: expect to lose 75% of your money on average.
Interpretation: don't be stupid enough to play against the house.
Interpretation: don't be stupid enough to play against the house.
We have temporarily quashed the Player vs Player game, as it was creating confusion for new players. Now, every bet is placed directly against house.
See my point?
September 18, 2016, 11:47:23 PM
We liked the reCAPTCHA !!!
Where can we find the script for it ?
Thanks
Where can we find the script for it ?
Thanks
September 18, 2016, 03:18:49 PM
We have temporarily quashed the Player vs Player game, as it was creating confusion for new players. Now, every bet is placed directly against house.
September 18, 2016, 04:52:34 AM
With this increasing odds
At 0% House Edge, odds are at its lowest.its actually a way to increase users on this platform
What's wrong with that?the rate of losing is high as someone has rightly said that reds signifying losses are on the rise...
That is because, even if a player bet on multiple options at a time, each and every option is shown as individual bet. Hence, the visual impact is showing more red. Actually, now, one green is 16x more powerful than one red. Moreover, if u verify the bet time stamp on blockchain, u'll find most of the bets were placed when House Edge was high, i.e. return was far lower than 16x. September 17, 2016, 12:35:22 PM
We have now experimentally raised the Player vs House multiplying to 16x. This means, the game is now running on 0% house edge. This might be for a little while. Do NOT miss this opportunity to multiplying your bitcoins! Any further changes will be notified here. Thank you everyone for showing interest in this new game.
With this increasing odds, in my own opinion, its either its actually a way to increase users on this platform or two the rate of losing is high as someone has rightly said that reds signifying losses are on the rise...
September 17, 2016, 10:36:59 AM
Is it the only game running with 0% house edge?
is this for real? 0 house edge? just can't say how this things would work or how the house will profits from this site if the house edge where 0% let me see it by myself and check this site. September 17, 2016, 06:14:13 AM
Is it the only game running with 0% house edge?
July 20, 2016, 11:49:36 AM
Nice new site. But i saw so many status is lose in Live Gambling Data. Maybe it's hard game. Good Luck For New Betting Site 
The funny thing is, those who were complaining about the house edge for last 3 pages, are now nowhere around, while the house edge is down to 0%. I'm sure they'll make a comeback if house edge goes up. July 19, 2016, 05:40:58 AM
We have experimentally raised the Player vs House multiplying factor from 4x to 8x. Any further changes will be notified here. Thank you everyone for showing interest in this new game.
Great. Just placed a bet of 0.005 BTC on 7. 
https://blockchain.info/tx/9daf07a1369d33eb080ea6b242f0b61f8472845ab39b22c00361374216944f6b
-cheers-
July 15, 2016, 09:46:23 AM
By my calculation, if I bet against the house, I get 400% return which is really too good but the odds are only 6.25% which is kind of... eh.
I don't know if this is true so please do clarify.
I don't know if this is true so please do clarify.
Those odds would not make sense or add up, the payout is way too low. If you go to another site it will be about 18x or so now a mere 4x .
July 15, 2016, 07:47:03 AM
We have experimentally raised the Player vs House multiplying factor from 4x to 8x. Any further changes will be notified here. Thank you everyone for showing interest in this new game.
Great. Just placed a bet of 0.005 BTC on 7. https://blockchain.info/tx/9daf07a1369d33eb080ea6b242f0b61f8472845ab39b22c00361374216944f6b
-cheers-
July 15, 2016, 07:04:36 AM
Nice new site. But i saw so many status is lose in Live Gambling Data. Maybe it's hard game. Good Luck For New Betting Site
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