Topic: ⭐ Crypto.Games ⭐ 0.8% House Edge on Dice ⭐ Largest wagering contest...ever ⭐ - page 170. (Read 345929 times)
December 12, 2017, 06:19:48 PM
Is there any reason why your mods ban people for stating their opinions and then call them trolls for no reason? Your site sincerely needs to get it together with the ridiculous actions of your mods in the chat room. A user was muted for doing something he asked permission to do and got no response for and I made a simple comment about it and was muted for no reason, the actions of your overly sensitive mods are ruining the friendly atmosphere on your site and I promise you I am not the only one who feels this way. There are a LARGE number of people who are fed up with the insanely rude behavior of the mods on your site.
December 12, 2017, 06:10:00 PM
you're no longer going to distribute any further forks.
They didn't say anything of the sort. They will keep distributing forked coins, provided they're supported by Ledger, which has always been the case in the past. 
December 12, 2017, 05:30:01 PM
Tuesday's Litecoin lottery round 23 draw results:
Bitcoin Lotto round #223 will close in approx 9 hours!
Current prizes:
1st place: 0.01200 BTC
2nd place: 0.00225 BTC
3rd place: 0.00090 BTC
Total tickets bought so far: 150
Price per ticket: 0.00010 BTC
* No house edge on lotto, 1% is added to total prize pool
Catch the winning spirit!
| Place | Nickname | Owned Tickets | Winning Ticket | Chance of winning | Reward in Litecoin |
| 1 | Skyelar | 34 | 31 | 38.202% | 0.712 LTC |
| 2 | roadcrypto | 4 | 62 | 4.494% | 0.134 LTC |
| 3 | Skyelar | 34 | 33 | 38.202% | 0.053 LTC |
Bitcoin Lotto round #223 will close in approx 9 hours!
Current prizes:
1st place: 0.01200 BTC
2nd place: 0.00225 BTC
3rd place: 0.00090 BTC
Total tickets bought so far: 150
Price per ticket: 0.00010 BTC
* No house edge on lotto, 1% is added to total prize pool
Catch the winning spirit!
December 12, 2017, 05:13:33 PM
An important step in bankroll security and announcement about future forks can be read on our blog.
I don't mind that in order to have better security, you're no longer going to distribute any further forks.
Glad that you guys are switching to Ledger Blue hardware wallets, it's probably a step up from your current custom cold wallet set-up
Also, it would get pretty annoying if you'd have to keep distributing forked coins every few weeks...
EDIT: I was wrong, forks will be distributed as long as they're supported by ledger. See my response below.
legendary
Activity: 2901
Merit: 1135
www.Crypto.Games: Multiple Games, Multiple Coins
December 12, 2017, 03:52:26 PM
An important step in bankroll security and announcement about future forks can be read on our blog.
legendary
Activity: 2901
Merit: 1135
www.Crypto.Games: Multiple Games, Multiple Coins
December 12, 2017, 05:06:55 AM
Hi.
What about all the upcoming forks?
Will crypto-games support new coins? At least to withdraw to wallet?
We'll give official announcement about this topic soon.What about all the upcoming forks?
Will crypto-games support new coins? At least to withdraw to wallet?
Important:
The website will be unavailable tomorrow, December 13th, starting at 7:00 UTC for a few hours. Thank you for understanding.
December 12, 2017, 03:05:27 AM
Hi.
What about all the upcoming forks?
Will crypto-games support new coins? At least to withdraw to wallet?
What about all the upcoming forks?
Will crypto-games support new coins? At least to withdraw to wallet?
December 12, 2017, 02:42:30 AM
I got a question about the profit calculation of investments.
Lets say I invested 1btc and I already gained a profit of 0.5btc. Will my new profit/loss be calculated based on my initial 1btc or based on my total 1.5btc?
I saw this line in the FAQ: "Your P/L = (Total P/L) x (Your Bankroll %) x (0.7)"
So I would guess my bankroll of 1.5btc will be used but I would like to ask anyway just to be sure.
Lets say I invested 1btc and I already gained a profit of 0.5btc. Will my new profit/loss be calculated based on my initial 1btc or based on my total 1.5btc?
I saw this line in the FAQ: "Your P/L = (Total P/L) x (Your Bankroll %) x (0.7)"
So I would guess my bankroll of 1.5btc will be used but I would like to ask anyway just to be sure.
On your total 1.5 BTC
December 12, 2017, 02:15:35 AM
I got a question about the profit calculation of investments.
Lets say I invested 1btc and I already gained a profit of 0.5btc. Will my new profit/loss be calculated based on my initial 1btc or based on my total 1.5btc?
I saw this line in the FAQ: "Your P/L = (Total P/L) x (Your Bankroll %) x (0.7)"
So I would guess my bankroll of 1.5btc will be used but I would like to ask anyway just to be sure.
Lets say I invested 1btc and I already gained a profit of 0.5btc. Will my new profit/loss be calculated based on my initial 1btc or based on my total 1.5btc?
I saw this line in the FAQ: "Your P/L = (Total P/L) x (Your Bankroll %) x (0.7)"
So I would guess my bankroll of 1.5btc will be used but I would like to ask anyway just to be sure.
December 11, 2017, 06:38:01 PM
Crypto-Games EV+ Lottery
Monday's Dogecoin lottery round 111 draw results:
Litecoin Lotto round #23 will close in approx 8 hours!
Current prizes:
1st place: 0.536 LTC
2nd place: 0.101 LTC
3rd place: 0.040 LTC
Total tickets bought so far: 67
Price per ticket: 0.010 LTC
* No house edge on lotto, 1% is added to total prize pool
Bankroll of all coins combined has reached a total value of 2,801 BTC ($47,000,000)
Catch the winning spirit!
Monday's Dogecoin lottery round 111 draw results:
| Place | Nickname | Owned Tickets | Winning Ticket | Chance of winning | Reward in DOGE |
| 1 | Dram227 | 82 | 356 | 19.340% | 84,800 DOGE |
| 2 | BoXXoB | 141 | 307 | 33.255% | 15,900 DOGE |
| 3 | Dram227 | 82 | 363 | 19.340% | 6,360 DOGE |
Litecoin Lotto round #23 will close in approx 8 hours!
Current prizes:
1st place: 0.536 LTC
2nd place: 0.101 LTC
3rd place: 0.040 LTC
Total tickets bought so far: 67
Price per ticket: 0.010 LTC
* No house edge on lotto, 1% is added to total prize pool
Bankroll of all coins combined has reached a total value of 2,801 BTC ($47,000,000)
Catch the winning spirit!
legendary
Activity: 2901
Merit: 1135
www.Crypto.Games: Multiple Games, Multiple Coins
December 11, 2017, 07:20:30 AM
Do you guys offer binary options and sports? Thanks for letting me know!
Not at the moment, no.With me it's just random numbers and letters, can I just replace it with my username?
December 11, 2017, 07:16:33 AM
Do you guys offer binary options and sports? Thanks for letting me know!
Not at the moment, no.With me it's just random numbers and letters, can I just replace it with my username?
legendary
Activity: 2901
Merit: 1135
www.Crypto.Games: Multiple Games, Multiple Coins
December 11, 2017, 02:39:35 AM
Anyway, I just invested some BTC on Crypto-Games and I see there's a quite substantial divest fee. Why is there a divest fee if I haven't even had any profits (I have just invested)?
It's a 0.3% fee, that goes down over 3 weeks till it's at 0. It's to discourage people 'day trading' their investments, and the reasoning behind it was wanting to have long term term investors I believe.Also how often does my invested amount get updated? Generally in other places it updates in real time.
I think it's real time? Or every hour. Haven't checked my investment in a long time though as I don't really care about the P/L over a few hours.
December 10, 2017, 10:27:32 PM
In terms of effective bankroll, Safe Dice has a quite higher expected return.
They also have had a lot more variance.
Anyway, I just invested some BTC on Crypto-Games and I see there's a quite substantial divest fee. Why is there a divest fee if I haven't even had any profits (I have just invested)?
It's a 0.3% fee, that goes down over 3 weeks till it's at 0. It's to discourage people 'day trading' their investments, and the reasoning behind it was wanting to have long term term investors I believe.
Also how often does my invested amount get updated? Generally in other places it updates in real time.
I think it's real time? Or every hour. Haven't checked my investment in a long time though as I don't really care about the P/L over a few hours.
December 10, 2017, 06:18:40 PM
Do you guys offer binary options and sports? Thanks for letting me know!
Not at the moment, no. December 10, 2017, 05:55:09 PM
Do you guys offer binary options and sports? Thanks for letting me know!
December 10, 2017, 05:47:40 PM
DOGE Lotto Round #110 will close in approx 9 hours!
Current prizes:
1st place: 84,400 DOGE
2nd place: 15,825 DOGE
3rd place: 6,330 DOGE
Total tickets bought so far: 422
Price per ticket: 250 DOGE
EV+ Lotto, 1% is added to total prize pool.
Leaders of our Wagering Contest after 10 days are listed in this post: https://bitcointalksearch.org/topic/m.26105594.
Catch the winning spirit!
Current prizes:
1st place: 84,400 DOGE
2nd place: 15,825 DOGE
3rd place: 6,330 DOGE
Total tickets bought so far: 422
Price per ticket: 250 DOGE
EV+ Lotto, 1% is added to total prize pool.
Leaders of our Wagering Contest after 10 days are listed in this post: https://bitcointalksearch.org/topic/m.26105594.
Catch the winning spirit!
December 10, 2017, 07:56:39 AM
As in practice most bets "target" small payouts, it's actually optimal to set a max payout bigger than 1 Kelly.
I'm sorry, I made a mistake in my earlier post.I wrote "the max bet" is set at 0.5%, when it should have been "the max profit per bet".
The max bet is fixed at 10x the max profit, allowing eg a 60BTC bet at x1.1 payout as we had it the last month.
I see you really value stability, but you are being a bit too conservative. Anyway, 1 Kelly would already be something completely safe and could attract more high rollers. So it would mean extra profits with no extra risk.
I didn't set that number (it's not my decision to make), and I personally wouldn't mind taking a little higher risk with my (personal) investment.That being said, we see maybe 1 bet a month that comes close to the maximum limits, higher limits wouldn't net more profit if there are no bets being placed at that size.
Something I don't understand is why you look at aged investments to calculate the max payout, instead of the current bankroll (unless it's because you can't constantly update the maximum payout for technical reasons).
It provides a more stable max bet/max profit, which imo leads to a better user experience. December 10, 2017, 07:03:08 AM
How is the max payout set at Crypto-Games, is it 1 Kelly?
There's no Kelly criterion involved, the effective bankroll is the one available and every BTC in the bankroll is backed by 1 BTC in the cold wallets.(I guess you could see that as 1x Kelly factor)
The max bet on dice is set based on aged investments (those older than 7 days), and is 0.5% of the stable bankroll (only considering aged investments).
Those limits are lower than on most other sites (compared to their bankroll), but due to the amount of bankroll funds available, they still allow to offer very reasonable maxbet limits,
currently that's 7.88BTC profit per single bet.
I see you really value stability, but you are being a bit too conservative.
Setting max payout to 1 Kelly (the house edge, 0.8%) would be optimal in the case that every bet was trying to get that payout (which would be the case of maximum possible variance for the casino). As in practice most bets "target" small payouts, it's actually optimal to set a max payout bigger than 1 Kelly. Anyway, 1 Kelly would already be something completely safe and could attract more high rollers. So it would mean extra profits with no extra risk (just some more variance if bets against the max payout become a big part of the total wagered amount, which is very unlikely; but even in that case that extra variance would come with bigger expected returns for the casino, so long term it's something positive).
Something I don't understand is why you look at aged investments to calculate the max payout, instead of the current bankroll (unless it's because you can't constantly update the maximum payout for technical reasons). No matter when it has been invested it's still part of the bankroll. If people for some reason start withdrawing, the maximum payout would automatically be adjusted to 1 Kelly, so the casino would always be safe.
December 10, 2017, 06:20:10 AM
How is the max payout set at Crypto-Games, is it 1 Kelly?
There's no Kelly criterion involved, the effective bankroll is the one available and every BTC in the bankroll is backed by 1 BTC in the cold wallets.(I guess you could see that as 1x Kelly factor)
The max
Those limits are lower than on most other sites (compared to their bankroll), but due to the amount of bankroll funds available, they still allow to offer very reasonable maxbet limits,
currently that's 7.88BTC profit per single bet (the max bet is fixed at 10x that number).
The variable edge feature there is quite interesting, as it lets players make very big bets (in relation to the bankroll) but by charging a very high edge, which makes it still sustainable for the casino.
In theory, that's true.The practical example currently tells another story though.
Variance stays a b*tch.
Taking huge risks that might (are expected to) pay off still involves taking huge risks.
And nobody can guarantee that they pay off.
Edited to correct small mistakes (noted with
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