Topic: ⭐ Crypto.Games ⭐ 0.8% House Edge on Dice ⭐ Largest wagering contest...ever ⭐ - page 71. (Read 345929 times)

I just checked the list of all the jackpot wins on Crypto-Games, and although the vast majority of users were winning only 1% of it, there were several of those who won bigger percentage, and there was one guy who won 80%



earning over 2.5 BTC with that, back in the 2017.

Also, it's interesting to note that there was an option of winning 0.1% of the jackpot back in the 2015:



I'm wondering, why there is no such option today? It would be hardly a big deal for the site, but surely more fun for the users.

It's Monday, so another day with no speed limit for all dice bets.

We still haven't had a dice jackpot yet since August, let's hope it hits today!

I agree, a good old screenshot is always nice to see, especially when it's from Slots:



(I'm kidding, all screenshots are nice, I'm just obsessed with the Slot game currently )

As for the Jackpot discussion, I personally play it for the 1% of the jackpot share, and I think most of the CG users do the same.

An accompanying screenshot maybe beneficial as a thread gets older though as the database gets pruned every now and again when it grows too large and the older bets are no longer accessible (for dice bets).

Thanks, Lutpin! That should have been intuitive to me being a developer! Definitely way better than taking screen-shots of the individual bets.

https://www.crypto-games.net/bet/dice/4356318025
The syntax is quite easy to understand, /bet/game/#id
You can also just use mouse 3 on the link to a betslip to open it in a new tab (or if you have a browser that previews the destination of a link, you can see it when hovering over the betid).
There's no distinct link called "share", but imo it's easy enough to extract the link and share your bet this way.

The more tickets are bought by players, the higher the prize pool. And just to be clear, this lottery has no house edge, which means that 100% of funds go to winners.

An example of one of the "bigger" pools:




There were 968 tickets involved and a total of 0.0968 BTC went to the three winning tickets (first place 80%, second place 15%, third place 5%). First guy was so lucky he won with only 1.343% chance (13 tickets).

But everyone should play the games they prefer, of course. That's why we have plenty of choices on Crypto-Games.

Is it really worth playing for getting into the 1st place when the prize as of this moment is literally just above $25? In my opinion, it isn't even worth my time but hey this is just me thinking out loud. Unlike me, many people prefer to go for low risk-low reward games which is totally fine, its just not for me.
Still, it would be interesting to see how many people enter the race actually.

Am I the only one that thinks there should be a way to share bets using a link? As far as I'm aware, the bet details are now only shown in the modal and there is no way to share it except taking the screenshots. Would be nice if they opened in a new tab/link so we could share them easily.

What an incredible performance by this anonymous player. Almost 7.4 ether (ETH) (more than $1,000) won in a single bet.

What do you guys think is more satisfying, winning a huge amount in a single bet, or racking up a series of successive wins to end up with the same huge amount?

Your statement implied that's true for the jackpot in all cases. It is not. Your statement only applies to those players playing for a full jackpot hit.
The majority of players however do not do that, they play at sizes lower than that and qualify only for a percent of the jackpot balance.
The jackpot becomes +EV at the point one way to win it becomes +EV, not at the point all ways to win it become +EV.
That number is 8, not 400.

Minimum bet for maximum jackpot win 0.005
Odds one in ten million (10000000*0.005=50000 BTC wagered) , expected loss (50000*0.008=400)
Playing for small part of jackpot will give you better ev.
You mentioned 5000% = 50*8 = 400

That number seemed way out there, so I checked. Let's take a few seconds to go over the calculation together, instead of just throwing around made-up thresholds:

The house edge on dice is 0.8%.
If we assume you wager at a x2 payout (most common, probably, easy for an estimation), that would mean you have to wager 0.00000100 per bet to qualify for a dice jackpot.
If it takes you on average 10 million tries to win a jackpot (the expected value), then you would wager 0.00000100*10000000 = 10 BTC in that process.
Of course betting at this size will only award you 1% of the jackpot share. That 1% would have to match your expected losses while wagering 10 BTC to bring you to +EV.

So how much are you expected to lose when wagering 10 BTC? Well, easy enough 10*0.008 = 0.08 BTC.
So if you are playing in an area that gives you 1% jackpot hits, you would need to recoup 0.08 BTC from the Jackpot for it to become +EV.
Since the 1% is easy to calculate, we can quickly see from which jackpot balance up this is the case, 0.08*100 = 8 BTC.
The threshold for 1% jackpot hits to become +EV is not 400, it is way less than that, 8 (or roughly 2 times the current balance, raising as we speak, since the jackpot is progressive).

Now you might claim that the difference of roughly 5000% does not matter, because the situation is the same, the balance for the jackpot to become +EV is higher than the current jackpot balance.
But I'd say it makes a big difference, not just for people playing right now that can shave a big portion off their house edge with the jackpots (and even more if they participate and place in the wagering contests), but also for the future.
I can see the jackpot growing to 8 BTC or higher, that seems like a reasonable number, I however cannot see the jackpot growing to 400 BTC anytime soon, if ever (which is probably why you threw around such a stupidly high number).

I haven't noticed that. Thank you! I'd kill myself on the spot, if I rolled 77.777 with the appropriate BetID, and it wasn't a winning roll!

I think, with your help, I've figured out the optimal settings for hunting the jackpot on Crypto-Games.net:



Only don't forget that not only your bet amount, but aslo your profit should be at least 0.000001 BTC. So, with 1.25x your bet size must be at least 400 sats.

Again succeeded with the BetID



but the roll number was lacking of four 7s.

You can't play solely for a jackpot as you have to make a dice roll. The jackpot does not have any extra cost to enter. I was just pointing out that if you play dice on a low multiplier so that both outcomes are winning rolls you have double the chance of getting a jackpot.