Direct Dice - 10 BTC Jackpot ! Bitcoin, Litecoin, Dogecoin & Darkcoin ! - page 18.

dooglus

legendary

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Quote from: DirectBet on August 30, 2014, 04:59:50 AM

In the long run, all we're going to lose is the 10 BTC Jackpot, which is offered "on the house".

Players have no edge over the game itself and DirectBet is well funded to overcome any kind of short term variance.

But I also read:

Quote from: DirectBet on August 18, 2014, 03:50:42 AM

For a limited time, to celebrate the launch of Direct Dice, you the players have an edge on Direct Dice and can profit from it.

What is this "limited time"? And what happens after that time? Is this 0% edge a limited promotion or the way things will stay?

Lots of people on the PrimeDice thread are upset with Stunna because they bet "too much" to build up their faucet payments, with a view to using the increased faucet payments to recover their losses. Now he's cutting the faucet payments and people feel like they've been deceived.

What's the story here? On the one hand it sounds like you're offering this "VIP reward" forever, giving an effective +EV deal to big players but then I find a comment from you on a separate thread saying it is "for a limited time".

Clarity please.

I also found these three statements:

(on http://www.directbet.eu/VIP.cshtml):

Quote from: DirectBet on August 17, 2014, 04:55:58 PM

To ensure that we don't know in advance the outcome of the dice roll, we add another random value which is not in our control, and that is the transaction ID of your bet transfer, as it appears in the block chain.

(on http://www.directbet.eu/VIP.cshtml):

Quote

The rewards are awarded in the form of free bets. To claim your reward :

Order any single bet or Toto ~ Parlay that you like using your Bitcoin payout address and the 'Flexible Odds' betting option.

Email the bet ID to [email protected] and we will fund it with the reward amount.

So:

1) if I bet 1000 BTC you will give me a free 10 BTC bet
2) the bets are provably fair because the transaction ID is used as a client seed
3) for the 10 BTC bet you get to pick the transaction ID, and hence the client seed, and hence the bet result

Those 3 together seem to mean the free 10 BTC bet *isn't* provably fair, since you pick all the inputs including the client seed.

Did I get that right?

DirectBet

legendary

Activity: 1288

Merit: 1010

We encourage you to use Direct Dice to earn some extra loyalty points in order to reach the next VIP reward milestone before the month ends.

This will be profitable for you because Direct Dice features extremely low house edge to no house edge, depending on your VIP level.

For example, lets say that you have 80,000 loyalty points and you need 20,000 more to get 0.75 BTC reward.

You can bet with the Direct Dice with virtually no house edge to get those 20,000 loyalty points and unlock the 0.75 BTC reward, plus during the process you will be freerolling on the 10 BTC Jackpot !

Any Direct Dice bet qualifies for loyalty points.

If you roll 101, your bet will always win, no matter what you selected.

In addition, if your bet stake is at least 0.01 BTC, 1 LTC or 50,000 DOGE, and is not part of a losing Toto ~ Parlay slip, you will also win the 10 BTC Jackpot.

The chance to hit 101 is approx. once every 1 million rolls.

Good Luck !

DirectBet

legendary

Activity: 1288

Merit: 1010

DirectBet

legendary

Activity: 1288

Merit: 1010

Check out our Basketball Prediction Game for your chance to win 220 mBTC free bet !

It's free to enter.

https://bitcointalksearch.org/topic/directbet-basketball-prediction-game-win-free-bets-free-to-enter-721578

DirectBet

legendary

Activity: 1288

Merit: 1010

Hey guys,

Any feedback on our new Direct Dice ?

Comments ? Suggestions ?

What would you like to see next ?

DirectBet

legendary

Activity: 1288

Merit: 1010

Tip :

You need to earn at least 10,000 loyalty points during the month to earn a VIP reward.

If you see that you are short of some points toward the end of the month, you can use our new provably fair Direct Dice to pump up your points and get the reward.

This will be profitable for you because Direct Dice features extremely low house edge to no house edge, depends on your VIP level.

For example, lets say that you have 80,000 loyalty points and you need 20,000 more to get 0.75 BTC reward.

You can bet with the Direct Dice with virtually no house edge to get those 20,000 loyalty points and unlock the 0.75 BTC reward, plus during the process you will be freerolling on the 10 BTC Jackpot !

Good Luck Rolling !

DirectBet

legendary

Activity: 1288

Merit: 1010

200 mBTC Free Bet is up for grabs !

Check out https://bitcointalksearch.org/topic/m.8498510 for more details.

It's free to enter.

Good Luck !

DirectBet

legendary

Activity: 1288

Merit: 1010

Want to win a free 190 mBTC Direct Dice bet ?

Check out https://bitcointalksearch.org/topic/directbet-basketball-prediction-game-win-free-bets-free-to-enter-721578

It's free to enter !

DirectBet

legendary

Activity: 1288

Merit: 1010

Quote from: jjc326 on August 20, 2014, 10:17:50 AM

Looks nice. Why no house edge though? only short term?

I'll be honest, I'm intrigued but I wouldn't try without some sort of faucet or something to try it out first. and I bet a lot of others feel the same way

Direct Dice features no house edge for a limited time.

The two main reasons why we are offering it without an edge are :

1) We want you to try. We realize there are many dice games out there. To stand out from the rest we allow the most frequent bettors to enjoy a no house edge while at the same time freeroll on the Jackpot.

2) We want to give something extra to our most loyal clients who frequently bet with us on sports and horse racing.

We are able to offer a dice game that is favorable to you, the players, thanks to the fact that we profit from sports betting, our main business. We do not relay on dice income for our daily operations.

We do not currently have a faucet, however, we give out many free bets every day through various promotions here.

For the current promotions, check out http://directbet.eu/Contest.cshtml

I see that you are already participating in our Basketball Prediction Game. Good luck there !

Next prize is 180 mBTC free bet and it's free to enter ! If you win, we can split it for you into multiple dice rolls.

Enjoy & Good Luck !

jjc326

hero member

Activity: 700

Merit: 500

Looks nice. Why no house edge though? only short term?

I'll be honest, I'm intrigued but I wouldn't try without some sort of faucet or something to try it out first. and I bet a lot of others feel the same way

DirectBet

legendary

Activity: 1288

Merit: 1010

DirectBet

legendary

Activity: 1288

Merit: 1010

Quote from: jjc326 on August 19, 2014, 01:14:13 PM

That seems like more than 1 in a million doesn't it though?

The exact number is once every 1,048,576 rolls.

jjc326

hero member

Activity: 700

Merit: 500

Quote from: Farmer17 on August 19, 2014, 07:45:20 AM

Quote from: Joca97 on August 18, 2014, 10:24:02 AM

101 number?

is that possible

The only way to get 101, is to get "FFFFF" in the first 5 characters of the sha512 result, and the chance for that is 1 in 2^20.

That seems like more than 1 in a million doesn't it though?

DirectBet

legendary

Activity: 1288

Merit: 1010

Do you know ?

DirectBet offers a unique feature where you can parlay a provably fair dice roll along with horse racing bets and a wide range of sport bets !

Farmer17

hero member

Activity: 674

Merit: 500

Quote from: Joca97 on August 18, 2014, 10:24:02 AM

101 number?

is that possible

The only way to get 101, is to get "FFFFF" in the first 5 characters of the sha512 result, and the chance for that is 1 in 2^20.

DirectBet

legendary

Activity: 1288

Merit: 1010

Quote from: Josepht on August 19, 2014, 06:32:44 AM

I still don't get the 'no house edge' part.
If I bet 10 BTC, I will get 0.05 BTC in return. This is 0.5%
The house edge under 10BTC is 0.99%. This leaves a 0.49% house edge.
I don't see the 'no house edge'.

Direct Dice built-in house edge is 0.99%. Once you factor in the Jackpots the house edge is essentially 0.9%. Now if you reach 10,000 loyalty points during the month, you get 0.5% back, so the house edge is 0.4%. If you reach 100,000 loyalty points during the month, you get 0.8% back for a total house edge of 0.1%. Finally, if you reach any of the higher VIP Reward milestones, you actually have a small edge on the house.

To summary, the house edge depends on how much you bet during the month and for a limited time the most frequent bettors enjoy a small edge over the house.

Josepht

hero member

Activity: 1008

Merit: 515

I still don't get the 'no house edge' part.
If I bet 10 BTC, I will get 0.05 BTC in return. This is 0.5%
The house edge under 10BTC is 0.99%. This leaves a 0.49% house edge.
I don't see the 'no house edge'.

DirectBet

legendary

Activity: 1288

Merit: 1010

Quote from: Joca97 on August 18, 2014, 10:24:02 AM

101 number?

is that possible

The probability to roll 101 is approx. once every 1 million rolls.

If your Lucky Number is 101 with a bet stake of at least 0.01 BTC, 1 LTC or 50,000 DOGE and the bet is not part of a losing Toto ~ Parlay slip, it will be eligible for the 10 BTC Jackpot.

We will have a list of all Jackpot winners in the opening post of this thread.

Please feel free to contact us for any further information.

We look forward to the first Jackpot winner !

superSTAR777

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★777Coin.com★ Fun BTC Casino!

Quote from: Josepht on August 18, 2014, 04:50:24 PM

Quote from: superSTAR777 on August 18, 2014, 04:44:23 PM

ANY PROBLEMS REGARDING DIRECTDICE , YOU GUYS MAY ASK ME BY PM ME , IF THE OWNER ISNT ONLINE AND YOU PLEASE .

Seriously, why would anyone ask you for advice? You aren't the owner.
By the way, stop using the caps.

No problem and sorry for caps , also i said this because i have read all rules and terms , so it would be good to have less burden on owner , anyways as you please

Josepht

hero member

Activity: 1008

Merit: 515

Quote from: superSTAR777 on August 18, 2014, 04:44:23 PM

ANY PROBLEMS REGARDING DIRECTDICE , YOU GUYS MAY ASK ME BY PM ME , IF THE OWNER ISNT ONLINE AND YOU PLEASE .

Seriously, why would anyone ask you for advice? You aren't the owner.
By the way, stop using the caps.

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