⭐ Crypto.Games ⭐ 0.8% House Edge on Dice ⭐ Largest wagering contest...ever ⭐ - page 171.

Timetwister

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Quote from: Lutpin on December 09, 2017, 04:48:51 PM

Quote from: Timetwister on December 09, 2017, 04:29:13 PM

In terms of effective bankroll, Safe Dice has a quite higher expected return.

And quite higher limits, which have proven to be fatal for investors in the past.
Referencing DiceSites as you did, SafeDice currently has a historical Profit/EV ratio of 38%

As an investor, you gotta know what you're looking for. Sites taking risks up to 10% of their bankroll for a single bet?
CG has other standards and mainly focuses on bankroll stability and security.

Letting investors risk 10 times Kelly is really stupid. Fortunately they changed that and now the average is "only" about 5.35 (only old accounts can set a kelly higher than 2). It sucks because as an investor you are diluted if you take a more reasonable risk level (2x Kelly is fine considering most of the wagered volume is in small bets).

About profit/EV, that's quite irrelevant, long term it will be 100%. Even though ideally you'd like players to make infinite small bets, and therefore having steady profits, you can't choose that, and it's good for the casino to let players make big bets. It's good as long as the casino can stand losing those bets (which obviously isn't the case for those investors that are leveraged 10:1). 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.

How is the max payout set at Crypto-Games, is it 1 Kelly?

I appreciate that your threads are very active, that's one of the reasons why I have so far invested more in your casino than in Safe Dice, even though the expected returns seems much higher there.

Crypto-Games.net

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Lutpin

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Goodbye, Z.

Quote from: Timetwister on December 09, 2017, 04:29:13 PM

In terms of effective bankroll, Safe Dice has a quite higher expected return.

And quite higher limits, which have proven to be fatal for investors in the past.
Referencing DiceSites as you did, SafeDice currently has a historical Profit/EV ratio of 38%

As an investor, you gotta know what you're looking for. Sites taking risks up to 10% of their bankroll for a single bet?
CG has other standards and mainly focuses on bankroll stability and security.

Quote from: Timetwister on December 09, 2017, 04:48:13 PM

Thank you. I don't really understand the point of charging to divest, but it's fine. I planned to hold those BTC there for some time anyway.

Stability.

Quote from: Timetwister on December 09, 2017, 04:48:13 PM

It could be interesting if CLAM were added, which is already basically a cryptocurrency only used for gambling (at Just Dice, the oldest "crowsourced" casino that is still running).

Unlikely, besides JD, clam has neither a usecase nor a reason for existence.

Quote from: Samarkand on December 09, 2017, 04:41:49 PM

@Lutpin: Are there any plans to remove/add altcoins? Some of the currently used altcoins are barely seeing any betting activity.
Therefore it could potentially be in the interest of Crypto-Games to remove an unpopular altcoin in order to replace it with a more popular one.

One of those coins in question, PPC, was added solely based on user-votes back in 2015.
Replacing it with another "popular" coin might bring similar result eventually.

Don't get me wrong, I do not oppose listing new coins, or removing those that bring more costs than revenue.
But there's a few more things to consider than popularity/wagering volume.

Timetwister

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Quote from: Samarkand on December 09, 2017, 04:41:49 PM

Quote from: Timetwister on December 09, 2017, 04:29:13 PM

...

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)?

...

From the Crypto-Games FAQ:

Quote

We charge additional divest fee for short-term investments. This is to prevent abuse. The fees are as shown below:
For investments younger than 7 days, there is a 0.3% divestment fee
For investments younger than 14 days, there is a 0.2% divestment fee
For investments younger than 21 days, there is a 0.1% divestment fee
For investments older than 21 days, there is no divestment fee
Divestment fee is calculated based on the total investment value, not on the profit/losses.

Basically you don´t have to worry about the divestment fee at all if you intend to invest for more than 3 weeks.
In general I think this system is absolutely fair and I actually prefer it to the "dilution fee" at competitor bustadice.

@Lutpin
Are there any plans to remove/add altcoins? Some of the currently used altcoins are barely seeing any betting activity.
Therefore it could potentially be in the interest of Crypto-Games to remove an unpopular altcoin in order to replace
it with a more popular one.

Thank you. I don't really understand the point of charging to divest, but it's fine. I planned to hold those BTC there for some time anyway.

It could be interesting if CLAM were added, which is already basically a cryptocurrency only used for gambling (at Just Dice, the oldest "crowsourced" casino that is still running).

Samarkand

sr. member

Activity: 658

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Quote from: Timetwister on December 09, 2017, 04:29:13 PM

...

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)?

...

From the Crypto-Games FAQ:

Quote

We charge additional divest fee for short-term investments. This is to prevent abuse. The fees are as shown below:
For investments younger than 7 days, there is a 0.3% divestment fee
For investments younger than 14 days, there is a 0.2% divestment fee
For investments younger than 21 days, there is a 0.1% divestment fee
For investments older than 21 days, there is no divestment fee
Divestment fee is calculated based on the total investment value, not on the profit/losses.

Basically you don´t have to worry about the divestment fee at all if you intend to invest for more than 3 weeks.
In general I think this system is absolutely fair and I actually prefer it to the "dilution fee" at competitor bustadice.

@Lutpin
Are there any plans to remove/add altcoins? Some of the currently used altcoins are barely seeing any betting activity.
Therefore it could potentially be in the interest of Crypto-Games to remove an unpopular altcoin in order to replace
it with a more popular one.

Timetwister

legendary

Activity: 1199

Merit: 1047

Quote from: Lutpin on December 09, 2017, 09:34:35 AM

Quote from: Timetwister on December 09, 2017, 09:29:02 AM

Safe Dice has very high wagered.

And in other weeks, its the other way around.
Variance strikes in many faces and aspects.
There already are a lot of ongoing promotions and events, I don't think there's a pressing need to have even more.

In comparison, CG has the highest ETH and the highest LTC wagering this week.

In terms of effective bankroll, Safe Dice has a quite higher expected return.

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)?

Also how often does my invested amount get updated? Generally in other places it updates in real time.

Lutpin

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Activity: 1904

Merit: 1874

Goodbye, Z.

Quote from: Timetwister on December 09, 2017, 09:29:02 AM

Safe Dice has very high wagered.

And in other weeks, its the other way around.
Variance strikes in many faces and aspects.
There already are a lot of ongoing promotions and events, I don't think there's a pressing need to have even more.

In comparison, CG has the highest ETH and the highest LTC wagering this week.

Timetwister

legendary

Activity: 1199

Merit: 1047

Quote from: panjul07 on December 09, 2017, 09:20:56 AM

Quote from: Timetwister on December 09, 2017, 08:43:01 AM

Wagered per day is quite low lately, any plans to run more promotions or something? https://dicesites.com/crypto-games

Maybe it is a side effect of the recent bitcoin price and the heavy network at blockchain. As I can see, it is not only happening at crypto-games. Some other site also get similar condition that the wagered amount per day is a bit lower than usual.

Safe Dice has very high wagered.

panjul07

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Quote from: Timetwister on December 09, 2017, 08:43:01 AM

Wagered per day is quite low lately, any plans to run more promotions or something? https://dicesites.com/crypto-games

Maybe it is a side effect of the recent bitcoin price and the heavy network at blockchain. As I can see, it is not only happening at crypto-games. Some other site also get similar condition that the wagered amount per day is a bit lower than usual.

Timetwister

legendary

Activity: 1199

Merit: 1047

Wagered per day is quite low lately, any plans to run more promotions or something? https://dicesites.com/crypto-games

joter85

sr. member

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crypto.games: #1 Gambling Site

Quote from: Josepht on December 09, 2017, 04:53:50 AM

Quote from: BTCevo on December 09, 2017, 12:28:50 AM

Quote from: Josepht on December 08, 2017, 02:16:51 PM

Hey crypto-games,

I just noticed something in your system what shouldn't be there.
I cashed out 0.04 BTC. You sent it to my address, but the inputs are not even confirmed. That's not how you should handle business. Now I need to wait for your incoming transaction to be confirmed first, before my cash out is confirmed.

Basically it means that I am dependent on other on how much fee they sent, because if they send a low fee, the transaction will take a long time before it is confirmed. My cashout has to wait for that, so I have to wait for other transactions to confirm.

IMO, you should send coins to people who cash out only from confirmed inputs.

I believe sometimes blockchain are having some pending activity that so many of them that not getting their money because of pending. And I think that is not some problem at all, in the end you just got your money on your wallet. About the inputs pending, I believe some big site will face this problem too, like crypto games to not paying you must not be possible. Anyway may I know how much fee that you used to withdraw? Fast or just a normal fee?

I used the adviced fee. That doesn't matter though. The point is that they use unconfirmed inputs in a transaction, which they shouldn't do.

Please send me transaction ID you have this issue with, as we didn't experience this issue before.

EDIT: Have changed one configuration setting and I think it should fix this issue. We will test it out. Thanks for noticing this.

Josepht

hero member

Activity: 1008

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Quote from: BTCevo on December 09, 2017, 12:28:50 AM

Quote from: Josepht on December 08, 2017, 02:16:51 PM

Hey crypto-games,

I just noticed something in your system what shouldn't be there.
I cashed out 0.04 BTC. You sent it to my address, but the inputs are not even confirmed. That's not how you should handle business. Now I need to wait for your incoming transaction to be confirmed first, before my cash out is confirmed.

Basically it means that I am dependent on other on how much fee they sent, because if they send a low fee, the transaction will take a long time before it is confirmed. My cashout has to wait for that, so I have to wait for other transactions to confirm.

IMO, you should send coins to people who cash out only from confirmed inputs.

I believe sometimes blockchain are having some pending activity that so many of them that not getting their money because of pending. And I think that is not some problem at all, in the end you just got your money on your wallet. About the inputs pending, I believe some big site will face this problem too, like crypto games to not paying you must not be possible. Anyway may I know how much fee that you used to withdraw? Fast or just a normal fee?

I used the adviced fee. That doesn't matter though. The point is that they use unconfirmed inputs in a transaction, which they shouldn't do.

Patatas

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Providing AI/ChatGpt Services - PM!

Quote from: NewBet on December 09, 2017, 02:10:51 AM

I always see these advertisements and signature for "crypto-games" and "crypto-news". Huh, seems to be making its way around the block. Well, good luck!

Making a way around the block ? We have been around the 'block' since forever now Wink

Anyway,it is not just the signatures or advertisements that has kept us popular on the block but also Crypto-games .net have been voted as community's favourite casino a lot of times.

NewBet

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I always see these advertisements and signature for "crypto-games" and "crypto-news". Huh, seems to be making its way around the block. Well, good luck!

BTCevo

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Merit: 1008

Quote from: Josepht on December 08, 2017, 02:16:51 PM

Hey crypto-games,

I just noticed something in your system what shouldn't be there.
I cashed out 0.04 BTC. You sent it to my address, but the inputs are not even confirmed. That's not how you should handle business. Now I need to wait for your incoming transaction to be confirmed first, before my cash out is confirmed.

Basically it means that I am dependent on other on how much fee they sent, because if they send a low fee, the transaction will take a long time before it is confirmed. My cashout has to wait for that, so I have to wait for other transactions to confirm.

IMO, you should send coins to people who cash out only from confirmed inputs.

I believe sometimes blockchain are having some pending activity that so many of them that not getting their money because of pending. And I think that is not some problem at all, in the end you just got your money on your wallet. About the inputs pending, I believe some big site will face this problem too, like crypto games to not paying you must not be possible. Anyway may I know how much fee that you used to withdraw? Fast or just a normal fee?

Don Pedro Dinero

legendary

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The first decentralized crypto betting platform

Quote from: Nivir on December 08, 2017, 10:04:02 PM

Hello. I assume Crypto.Games will distribute BTG its Bitcoin holders too? I just cannot find any articles mentioning about it.

I don’t know where you tried to find the info but their policy was on their blog: http://blog.crypto-games.net/2017/11/update-btg-network-launched.html
There have been announcements and discussion about it on this thread on previous pages as well, and yes, as Lutpin says, you have missed the deadline.

Lutpin

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Goodbye, Z.

Youre a week too late for that.

Nivir

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Hello. I assume Crypto.Games will distribute BTG its Bitcoin holders too? I just cannot find any articles mentioning about it.

Crypto-Games.net

sr. member

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Catch the winning spirit!

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Josepht

hero member

Activity: 1008

Merit: 515

Hey crypto-games,

I just noticed something in your system what shouldn't be there.
I cashed out 0.04 BTC. You sent it to my address, but the inputs are not even confirmed. That's not how you should handle business. Now I need to wait for your incoming transaction to be confirmed first, before my cash out is confirmed.

Basically it means that I am dependent on other on how much fee they sent, because if they send a low fee, the transaction will take a long time before it is confirmed. My cashout has to wait for that, so I have to wait for other transactions to confirm.

IMO, you should send coins to people who cash out only from confirmed inputs.

Topic: ⭐ Crypto.Games ⭐ 0.8% House Edge on Dice ⭐ Largest wagering contest...ever ⭐ - page 171. (Read 345939 times)