Topic: ⭐ Crypto.Games ⭐ 0.8% House Edge on Dice ⭐ Largest wagering contest...ever ⭐ - page 72. (Read 346474 times)

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.

It's better to not play solely to win jackpot.
Odds are extremely low 1 in a 10 million excluding winning chance odds It should be over 400BTC to be EV+

If you are hunting the jackpot it is better to use a low multiplier so that both 7.777 and 77.777 are winning rolls.

I think it won't hurt to remind the rules for winning Dice Jackpot.



What I personally like the most about the rules is that "Jackpot is given to you automatically, you don't have to report it anywhere." This is very convenient for those who prefer to use autobet, and although I rarely use autobet myself, it is still convenient for me too, because I shouldn't constantly worry about whether I accidentally  hit it and failed to report.

Today, while hunting the Jackpot, I once succeeded with the bet ID, but never with the roll number.

Monday again, so no speed limit on dice bets today!

Today's Dogecoin lottery (all 3 prizes, 24,200 DOGE) was won by player thenerd314. Congrats

Very nice game. I like your site and your designer are the best.

Check out our MineSweeper with payouts over x5 million:

https://www.youtube.com/watch?v=t2JBG17nvHw

I did test it yesterday with some thousands doge coins but I was unlucky as I lost it all within few minutes. Probably you are right that CG is best known for the dice game, I also think that the plinko game here is not that famous compared to other sites as it is a bit different (the payout).
My opinion about the new update, the auto betting on the plinko game works well although it is just like a manual mode by clicking it continuously because the ball drops one by one unlike the plinko game on other sites where I can see many balls dropped at the same time.

I personally love the button clicking though. It adds suspense to the game!

You should definitely come and check the new updates! I don't think auto-betting was the cause of people not playing as much on the Plinko Game. CG is best known for the dice and a couple of other games so wagged amount of them will always be higher as compared to Plinko.

Correction: 21 days left.. so plenty of time to win some sweet prizes up to 1 Bitcoin

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