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Topic: Chain-Bet.com | On Chain | No KYC | 15x Win | Provably Fair | Since 2016 - page 6. (Read 38506 times)

full member
Activity: 169
Merit: 110
I am relatively new to gambling. I have not heard this before, do the online casinos really have higher win rates than physical casinos?
Generally speaking, yes.

But I am cynical, I think a lot of online gambling sites could be fixed...
Ever heard of Provably Fair?
member
Activity: 206
Merit: 10
Why don't you edit the FAQ on this thread as the original one on the site has changed.
Forgot to update the latest Min & Max bet at OP. Its done now. Rest is same.
full member
Activity: 630
Merit: 102
To be frank, this is not an interesting game. Live gambling data looks so sad as there is no single win. I don't think low winning rate and big house edge would be interesting for any gambler. Why don't you edit the FAQ on this thread as the original one on the site has changed.
sr. member
Activity: 574
Merit: 296
Bitcoin isn't a bubble. It's the pin!
Winning rate 10/16 but payout x10  Grin

The winning rate is 1/16 and the payout is x10 Cheesy like i said, scam by design

@MarbleBoss aka chain-bet: please don't start another discussion. Your game is scammy crap!

Have u been to any casino at Vegas or Macau? There are many tables where the winning rate is 1/10 and the payout is x2. They're licensed and get audited as well. No one dare to call them scam.

The reason I mention this is because there is nothing scammy in running a game with low winning rate. Gamblers do not gamble only because of the winning rate. There are many other factors that makes them decide where will they throw their money at.

That is true, but I assume most people here primarily gamble at online Bitcoin casinos where winrates and odds are better than what's offered in real-life casinos and even here. Not exactly an apples-to-apples comparison here.

I am relatively new to gambling. I have not heard this before, do the online casinos really have higher win rates than physical casinos? I always thought people picked online gambling over physical casinos because of convenience. Being able to sit at home in your pajamas and play roulette lol. But I am cynical, I think a lot of online gambling sites could be fixed... That's why I don't even trust those digital slot machines in casinos.
legendary
Activity: 1624
Merit: 1130
Bitcoin FTW!
Winning rate 10/16 but payout x10  Grin

The winning rate is 1/16 and the payout is x10 Cheesy like i said, scam by design

@MarbleBoss aka chain-bet: please don't start another discussion. Your game is scammy crap!

Have u been to any casino at Vegas or Macau? There are many tables where the winning rate is 1/10 and the payout is x2. They're licensed and get audited as well. No one dare to call them scam.

The reason I mention this is because there is nothing scammy in running a game with low winning rate. Gamblers do not gamble only because of the winning rate. There are many other factors that makes them decide where will they throw their money at.

That is true, but I assume most people here primarily gamble at online Bitcoin casinos where winrates and odds are better than what's offered in real-life casinos and even here. Not exactly an apples-to-apples comparison here.

Low win rates absolutely do affect where people gamble, however. I would gladly spend money on a game that is enjoyable but has low win rates, but in this case this game is nothing special and offers no new features I'd be willing to pay for at the cost of a lower chance of winning compared to another blockchain-based game.
hero member
Activity: 882
Merit: 500
Winning rate 10/16 but payout x10  Grin

The winning rate is 1/16 and the payout is x10 Cheesy like i said, scam by design

@MarbleBoss aka chain-bet: please don't start another discussion. Your game is scammy crap!
I saw also the same thing , I  placed my bet two times for 0.001btc but unfortunately lost both the bet .
But when I figured out then I found that there is not equally chances that I will make bet Then there was not equally chances of winning and losing bcz digits and alphabet are resulting into big numbers of combination that will lower down the prediction .
So I don't think it will be better for us , because it is not in our favour.
I would like to suggest to go with the sports betting games like Nitrogensporte.eu where we can found new new game ( https://goo.gl/YfghTY ) of concept to make gambling .
And also we can gambling at another sports betting site where we should have equal chances of the win and loss .
legendary
Activity: 1834
Merit: 1008
Winning rate 10/16 but payout x10  Grin

The winning rate is 1/16 and the payout is x10 Cheesy like i said, scam by design

@MarbleBoss aka chain-bet: please don't start another discussion. Your game is scammy crap!

Have u been to any casino at Vegas or Macau? There are many tables where the winning rate is 1/10 and the payout is x2. They're licensed and get audited as well. No one dare to call them scam.

The reason I mention this is because there is nothing scammy in running a game with low winning rate. Gamblers do not gamble only because of the winning rate. There are many other factors that makes them decide where will they throw their money at.


I believe such site has no player instead of their blackjack or roulette games. I do not think that will work here, because mostly people will count and try it first before do the actual game instead. If people think that it is no chance of winning, they wont even want to test it for sure. And for this site it is 1/16 and the payout is 10x. Not just because of the scammy thing but it is hard for them to get some profit, it is even hard with 1% house edge more over this kind of game
newbie
Activity: 44
Merit: 0
Winning rate 10/16 but payout x10  Grin

The winning rate is 1/16 and the payout is x10 Cheesy like i said, scam by design

@MarbleBoss aka chain-bet: please don't start another discussion. Your game is scammy crap!

Have u been to any casino at Vegas or Macau? There are many tables where the winning rate is 1/10 and the payout is x2. They're licensed and get audited as well. No one dare to call them scam.

The reason I mention this is because there is nothing scammy in running a game with low winning rate. Gamblers do not gamble only because of the winning rate. There are many other factors that makes them decide where will they throw their money at.
member
Activity: 103
Merit: 11
Winning rate 10/16 but payout x10  Grin

The winning rate is 1/16 and the payout is x10 Cheesy like i said, scam by design

@MarbleBoss aka chain-bet: please don't start another discussion. Your game is scammy crap!
newbie
Activity: 41
Merit: 0
Winning rate 10/16 but payout x10  Grin
legendary
Activity: 3808
Merit: 1723
Why the board appears to be so dead now?

Because the site is getting close to dead as well IMO, last bet was more than 10 days ago. It seems that after they reduced the winning payout from x16 to x10, people started to leave the site. As long as I remember, the winning payout was x16 which had low house edge, but now it is x10 only which means higher house edge. Other than that, the game itself is not so popular although it is a provably fair game. Gamblers prefers to play on dice  game if they want to get x10 payout, which is simple and does not require fee for every bet they make.

I think the reason why these types of sites close is because these days many other gambling sites started accepting anonymous coins like XMR, DASH and ZEC.

A few years ago the on-chain betting websites had more success for a few reasons. One of the reasons was that the fees were much cheaper and people didn't mind paying 1000 Sats to send a transaction. And back then BTC was in fully domination pretty much so people had no choice but to use it.

So if someone wanted privacy and didn't want to expose their IP address or have to create an account and expose their email address they would use the on-chain bet websites.

However right now with all the viruses and people keeping all their BTC on cold storage or electrum, its alot of work just to send a transaction. Hence most people probably for privacy just use a VPN and use a coin like XMR.

This is the reason why sites like this are slowly dying off.
legendary
Activity: 1662
Merit: 1050
Why the board appears to be so dead now?

Because the site is getting close to dead as well IMO, last bet was more than 10 days ago. It seems that after they reduced the winning payout from x16 to x10, people started to leave the site. As long as I remember, the winning payout was x16 which had low house edge, but now it is x10 only which means higher house edge. Other than that, the game itself is not so popular although it is a provably fair game. Gamblers prefers to play on dice  game if they want to get x10 payout, which is simple and does not require fee for every bet they make.

I do feel the same...
legendary
Activity: 3500
Merit: 1354
Why the board appears to be so dead now?

Because the site is getting close to dead as well IMO, last bet was more than 10 days ago. It seems that after they reduced the winning payout from x16 to x10, people started to leave the site. As long as I remember, the winning payout was x16 which had low house edge, but now it is x10 only which means higher house edge. Other than that, the game itself is not so popular although it is a provably fair game. Gamblers prefers to play on dice  game if they want to get x10 payout, which is simple and does not require fee for every bet they make.
newbie
Activity: 44
Merit: 0
Why the board appears to be so dead now?
member
Activity: 206
Merit: 10

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

- Maximum amount of bet is now 0.025 BTC.

- Minimum amount of bet is now 0.00025 BTC.


Related Tweet: https://twitter.com/Chain_Bet_/status/1003218726785708032
member
Activity: 103
Merit: 11
first of all, I don't have to return 0.57 btc because, as you know chain-bet refused to pay my winnings. Its more like chain-bet owes me some btc
WTF? U seem to be a compulsive liar, who is now trying to distort the fact. Your winning was 0.57 BTC, which was sent to you twice, i.e. a total of 1.14 BTC. So, u were already owing 0.57 BTC to the house. Next chain-bet blocked a winning of 0.285 BTC of yours. So, you still owe (0.57-0.285) BTC, i.e. 0.285 BTC to the house. Below is the quote where u are admitting the fact yourself...

I'm tired of discussing that with you. If you don't get it, just be quiet
full member
Activity: 169
Merit: 110
first of all, I don't have to return 0.57 btc because, as you know chain-bet refused to pay my winnings. Its more like chain-bet owes me some btc
WTF? U seem to be a compulsive liar, who is now trying to distort the fact. Your winning was 0.57 BTC, which was sent to you twice, i.e. a total of 1.14 BTC. So, u were already owing 0.57 BTC to the house. Next chain-bet blocked a winning of 0.285 BTC of yours. So, you still owe (0.57-0.285) BTC, i.e. 0.285 BTC to the house. Below is the quote where u are admitting the fact yourself...

All u have stated here are correct. You won a bet which was pending because the hot wallet did not have enough balance to pay u off. But, before we refill the hot wallet, we checked our previous payments and found something strange. In a previous winning of 0.57 BTC, the amount was sent to you twice! Yes U. Because, IP address from where that bet was placed and this one is same. That has made us to withheld your latest winning bet of 0.285 BTC.

You received 0.57 BTC twice at this address - https://blockchain.info/address/1NYbyQ44JLnZPK9uugF7rGSbVfRsqcP42y.

That may be true. But it is not my fault if your system is failing. I consider this double luck

If u do not return the rest of (0.57-0.285) BTC = 0.285 BTC to our hot wallet address https://blockchain.info/address/3BsadqM15YQFkoX8LUV7d8Kg8UUXNteiLi, we may open a scam accusation against u.

Because I was continuing playing your game I have already lost that amount. But anyway, I took big risk playing that game and I could have also lost all my coins. I think now it's time to just stop playing your game and move on to a bigger and more reliable gambling site like a lot of people mentioned in this thread.

I wonder, why chain-bet has not opened a scam accusation against you as of yet. I think, they should do it at the earliest.

second, this game is scam because of a almost 40% house edge.. here you can only loose
This allegation has already been rebutted multiple times. It is up to the game owner and the investors to decide at what house edge they'll run a game. If the game is provably fair, you have no right to object. No one is forced to play the game. U have absolutely no authority to decide what house edge a game should have. Calling it a scam is actually scammy itself.
member
Activity: 103
Merit: 11
Why r u even wasting time by arguing with this scammer? I guess, he has not yet returned the 0.57 that was sent to him twice by mistake. Better design a dashboard to monitor our investments in the bankroll.

first of all, I don't have to return 0.57 btc because, as you know chain-bet refused to pay my winnings. Its more like chain-bet owes me some btc

second, this game is scam because of a almost 40% house edge.. here you can only loose
full member
Activity: 369
Merit: 111

Because of the extreme house edge as explained above. Playing your state lottery is probably better than this.

I can offer to 15x your bet, and I would still feel comfortable with my position.
full member
Activity: 169
Merit: 110
Why r u even wasting time by arguing with this scammer? I guess, he has not yet returned the 0.57 that was sent to him twice by mistake. Better design a dashboard to monitor our investments in the bankroll.
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