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Topic: ⭐ Crypto.Games ⭐ 0.8% House Edge on Dice ⭐ Largest wagering contest...ever ⭐ - page 153. (Read 346455 times)

legendary
Activity: 2198
Merit: 1150
Freedom&Honor
Quote
roll 1.111 and betID must end with 1,
roll 2.222 and betID must end with 2,
roll 3.333 and betID must end with 3,
roll 4.444 and betID must end with 4,
roll 5.555 and betID must end with 5.
Example of winning roll: 4.444 with BetID 2,154,290,004
Each roll will be awarded once.
Must be a winning bet.
Dice BetID must be 2,154,290,000 or higher.
Rewards:
bet equal or above 0.00001 BTC = 0.0007 BTC reward
bet equal or above 0.0001 BTC = 0.007 BTC reward
bet equal or above 0.001 BTC = 0.07 BTC reward

Some calculations for hunters

Odds of hitting a winning roll & a bet ID
are 1 : 20 000

On average you'll hit a winning reward each 20 000 bets
If you bet a 0.0001BTC, you'll roll 2 BTC in bets
With a 0.8% edge, on average you'd lose 0.016BTC
The reward is 0.007BTC

Which means, if you're hunting the reward, you'll decrease the house edge from 0.8% to 0.45% Smiley

Mm I thought you need a bit more bets:

1/100000 * 1/10 + 1/100000 * 1/10 + 1/100000 * 1/10 + 1/100000 * 1/10 + 1/100000 * 1/10 = 0.000005 so 1 / 0.000005 = 200,000 bets?

Yepp.
I fucked up.
It's 1: 200 000, not 1: 20 000
legendary
Activity: 1876
Merit: 1303
DiceSites.com owner
Quote
roll 1.111 and betID must end with 1,
roll 2.222 and betID must end with 2,
roll 3.333 and betID must end with 3,
roll 4.444 and betID must end with 4,
roll 5.555 and betID must end with 5.
Example of winning roll: 4.444 with BetID 2,154,290,004
Each roll will be awarded once.
Must be a winning bet.
Dice BetID must be 2,154,290,000 or higher.
Rewards:
bet equal or above 0.00001 BTC = 0.0007 BTC reward
bet equal or above 0.0001 BTC = 0.007 BTC reward
bet equal or above 0.001 BTC = 0.07 BTC reward

Some calculations for hunters

Odds of hitting a winning roll & a bet ID
are 1 : 20 000

On average you'll hit a winning reward each 20 000 bets
If you bet a 0.0001BTC, you'll roll 2 BTC in bets
With a 0.8% edge, on average you'd lose 0.016BTC
The reward is 0.007BTC

Which means, if you're hunting the reward, you'll decrease the house edge from 0.8% to 0.45% Smiley

Mm I thought you need a bit more bets:

1/100000 * 1/10 + 1/100000 * 1/10 + 1/100000 * 1/10 + 1/100000 * 1/10 + 1/100000 * 1/10 = 0.000005 so 1 / 0.000005 = 200,000 bets?
newbie
Activity: 7
Merit: 0
sr. member
Activity: 974
Merit: 264
Catch the winning spirit!
Meanwhile Wagering Contest is ongoing and these are current Ethereum top 5 leaders with less than 3 weeks to go:



More info here.




Catch the winning spirit!

legendary
Activity: 2198
Merit: 1150
Freedom&Honor
Which means, if you're hunting the reward, you'll decrease the house edge from 1% to 0.3%
Now the bad news for you is (the good news for people playing at CG): The house edge is never 1% to start with.
Dice has a 0.8% house edge, (almost) always had.

(you might also wanna recheck the remainder of your calculations).

Sorry, edited.
My bad.
I haven't gambled on dice a lot on CG, only bankroll...
0.45% is pretty decent.
copper member
Activity: 1904
Merit: 1874
Goodbye, Z.
Which means, if you're hunting the reward, you'll decrease the house edge from 1% to 0.3%
Now the bad news for you is (the good news for people playing at CG): The house edge is never 1% to start with.
Dice has a 0.8% house edge, (almost) always had.

(you might also wanna recheck the remainder of your calculations).
legendary
Activity: 2198
Merit: 1150
Freedom&Honor
Quote
roll 1.111 and betID must end with 1,
roll 2.222 and betID must end with 2,
roll 3.333 and betID must end with 3,
roll 4.444 and betID must end with 4,
roll 5.555 and betID must end with 5.
Example of winning roll: 4.444 with BetID 2,154,290,004
Each roll will be awarded once.
Must be a winning bet.
Dice BetID must be 2,154,290,000 or higher.
Rewards:
bet equal or above 0.00001 BTC = 0.0007 BTC reward
bet equal or above 0.0001 BTC = 0.007 BTC reward
bet equal or above 0.001 BTC = 0.07 BTC reward

Some calculations for hunters

Odds of hitting a winning roll & a bet ID
are 1 : 20 000

On average you'll hit a winning reward each 20 000 bets
If you bet a 0.0001BTC, you'll roll 2 BTC in bets
With a 0.8% edge, on average you'd lose 0.016BTC
The reward is 0.007BTC

Which means, if you're hunting the reward, you'll decrease the house edge from 0.8% to 0.45% Smiley
legendary
Activity: 2908
Merit: 1135
www.Crypto.Games: Multiple Games, Multiple Coins
New Crypto-Games Challenge!


Accept our challenge on Video Poker, Blackjack, Slots, Roulette, Dice, Plinko and win from 0.0001 to 0.07 BTC for each bet fulfilling requirements in this thread.
sr. member
Activity: 974
Merit: 264
Catch the winning spirit!
Bitcoin Lotto round #257 will close in approx 9 hours!

Current prizes:
1st place: 0.00816 BTC
2nd place: 0.00153 BTC
3rd place: 0.00051 BTC

Total tickets bought so far: 102
Price per ticket: 0.00010 BTC


Current leaders of this month's wagering contest can be found in this post.


Gridcoin will be delisted tomorrow, April 11th at 12:00 UTC. Please withdraw your coins before deadline, thanks!




Catch the winning spirit!
legendary
Activity: 1792
Merit: 1283
edit: We're removing Gridcoin from website on April 11th 2018. All users with balance higher than minimum withdraw were notified on their email

Oh dang still going through with that? So I take it that there are still problems with the wallet?
Well at least there are two new coins to replace it, so it doesn't sting too bad.
Gridcoin team had wallet issues for over a month, so we and exchanges were waiting for GRC team to fix it. We already replaced grc with bcash and soon we'll add stellar lumens  Cheesy

Stellar will be a great addition, it's the most interesting coin from that entire poll IMO.
Also, since it's got a pretty low value, I reckon that it would be great to play roulette with. If the minimum bets aren't too high Smiley 

sr. member
Activity: 974
Merit: 264
Catch the winning spirit!
Monday's Dogecoin lottery round 128 draw results:

Place   Nickname       Owned Tickets   Winning Ticket   Chance of winning   Reward in DOGE
1Afknow92520.930%8,600 DOGE
2lenro19182.326%1,613 DOGE
3Sinjin268121227.907%538 DOGE

Congrats winners!


LiteCoin Lotto round  #40 will be drawn tomorrow. 10 hours left to buy tickets!

Congrats to user Panos for hitting dice jackpot of 0.03273582 BTC with a bet of only 50 satoshi!



Catch the winning spirit!
legendary
Activity: 2908
Merit: 1135
www.Crypto.Games: Multiple Games, Multiple Coins
edit: We're removing Gridcoin from website on April 11th 2018. All users with balance higher than minimum withdraw were notified on their email

Oh dang still going through with that? So I take it that there are still problems with the wallet?
Well at least there are two new coins to replace it, so it doesn't sting too bad.
Gridcoin team had wallet issues for over a month, so we and exchanges were waiting for GRC team to fix it. We already replaced grc with bcash and soon we'll add stellar lumens  Cheesy
legendary
Activity: 1792
Merit: 1283
edit: We're removing Gridcoin from website on April 11th 2018. All users with balance higher than minimum withdraw were notified on their email

Oh dang still going through with that? So I take it that there are still problems with the wallet?
Well at least there are two new coins to replace it, so it doesn't sting too bad.
legendary
Activity: 2908
Merit: 1135
www.Crypto.Games: Multiple Games, Multiple Coins
Hi there,
This one is to notify yoy that i have not received my bonus from your Facebook campaign and it is going to be more than two days after being posted there. Please see problem
Regards

Rules:
3.) Members and above only
newbie
Activity: 19
Merit: 0
Hi there,
This one is to notify yoy that i have not received my bonus from your Facebook campaign and it is going to be more than two days after being posted there. Please see problem
Regards
legendary
Activity: 2908
Merit: 1135
www.Crypto.Games: Multiple Games, Multiple Coins
I haven't visited crypto-games in a while, but today I wanted to make a deposit to make an investment, but it seems that IP addresses from The Netherlands are blocked from making deposits? Why is that?
I have been offline from bitcointalk, so I have missed the reason why.
In short: regulations  Smiley
hero member
Activity: 1008
Merit: 515
I haven't visited crypto-games in a while, but today I wanted to make a deposit to make an investment, but it seems that IP addresses from The Netherlands are blocked from making deposits? Why is that?
I have been offline from bitcointalk, so I have missed the reason why.
sr. member
Activity: 974
Merit: 264
Catch the winning spirit!
Saturday's Bitcoin lottery (round 256) draw results:

Place   Nickname       Owned Tickets   Winning Ticket   Chance of winning   Reward in Bitcoin
1ToTaLMineR111337.333%0.01200 BTC
2Stok81410206.667%0.00225 BTC
3Hanlee434425828.000%0.00075 BTC


Congrats!

Wagering Contest ongoing!! These are current BTC top 5 players:

More info on our blog.



Catch the winning spirit!
sr. member
Activity: 974
Merit: 264
Catch the winning spirit!
Bitcoin Lotto round #256 will close in approx 10 hours!

Current prizes:
1st place: 0.01000 BTC
2nd place: 0.00187 BTC
3rd place: 0.00063 BTC

Total tickets bought so far: 125
Price per ticket: 0.00010 BTC


There were another 4 SLOT Jackpots today.



Catch the winning spirit!
legendary
Activity: 2908
Merit: 1135
www.Crypto.Games: Multiple Games, Multiple Coins
By popular demand, Crypto-Games is proud to announce the addition of Bitcoin Cash to our coin family. Users can now use Bitcoin Cash to play all our games available (excluding Lotto), invest in our bankroll, tip players, and exchange coins.

This, along with our upcoming coin Stellar Lumens (XLM), were chosen by our users via a Strawpoll vote. Originally, the plan was to pick only one, but, due to the overwhelming support for both BCH and XLM, we opted to add the two in order to please the majority of our users. Back in August of last year, we paid out our users when the BTC/BCH hard-fork occurred, and we stated that we were not going to list or support the coin. We changed our minds because of you, and we hope you enjoy our new selection of coins!



We're using the new CashAddr Address format. Here's an example of such address: qpm2qsznhks23z7629mms6s4cwef74vcwvy22gdx6a
Players can still withdraw to old "legacy" addresses, using the converter tools (https://cashaddr.bitcoincash.org or https://cashaddress.github.io) if service/wallet is not yet supporting new address format.

As stated few weeks ago, we'll now finally remove Gridcoin from the site. After April 11th, 12:00 UTC it will no longer be possible to place bets with Gridcoin or request withdrawals of any leftover balances.

Catch the winning spirit!
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