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Topic: 🎲EarnBet.io🎲FREE Faucet❗🎲0.5% House Edge🎲100% Decentralized🎲Provably Fair🎲 - page 83. (Read 24681 times)

sr. member
Activity: 994
Merit: 278
LOOK , game-protect started to take interest on eosbet because of dividends Cheesy. The averages are about 20 dollars per week income from having around 10 thousand bet token, which means you need to wager about 125 bitcoins to make 20 bucks a week.

Bet tokens are still insanely overvalued, I don't know what eosbet will do because I can see that dividends are getting less and less both because there are less people gambling but also there are way too many bets available as well. Right now if people could sell their bet tokens we would see the dividends drop to under 5 dollars per 10k token because as of right now that is the only appeal eosbet has, chance to get dividends, without getting any bet tokens people wouldn't play here at all and the dividends would be quite small.

How is it overvalued again? It's not even in any exchange. Yeah it's hard to get any right now, because the tokens are limited and eventually will get harder and harder to obtain by playing.


hero member
Activity: 1344
Merit: 507
LOOK , game-protect started to take interest on eosbet because of dividends Cheesy. The averages are about 20 dollars per week income from having around 10 thousand bet token, which means you need to wager about 125 bitcoins to make 20 bucks a week.

Bet tokens are still insanely overvalued, I don't know what eosbet will do because I can see that dividends are getting less and less both because there are less people gambling but also there are way too many bets available as well. Right now if people could sell their bet tokens we would see the dividends drop to under 5 dollars per 10k token because as of right now that is the only appeal eosbet has, chance to get dividends, without getting any bet tokens people wouldn't play here at all and the dividends would be quite small.
Is anyone able to calculate how much money you get in form of dividends after you wagered 1 Bitcoin?

It is clear that the dividend per BET token is getting lower and lower, because more and more BET tokens will be released and have to share the casino winnings!

There is also a huge misunderstood! You will not get dividens lifetime, you will get dividends only as long as EOSbet will run. If they will shut its doors tomorrow, you will not see a dime again! Cheesy
jr. member
Activity: 288
Merit: 5
LOOK , game-protect started to take interest on eosbet because of dividends Cheesy. The averages are about 20 dollars per week income from having around 10 thousand bet token, which means you need to wager about 125 bitcoins to make 20 bucks a week.

Bet tokens are still insanely overvalued, I don't know what eosbet will do because I can see that dividends are getting less and less both because there are less people gambling but also there are way too many bets available as well. Right now if people could sell their bet tokens we would see the dividends drop to under 5 dollars per 10k token because as of right now that is the only appeal eosbet has, chance to get dividends, without getting any bet tokens people wouldn't play here at all and the dividends would be quite small.

I think you're wrong about that, but everyone can think their own...

I do believe EOSBet still has a long way to go and grow, and you can see them doing that as they release good stuff bit by bit. Considering what they have achieved this far (dividends system, native altcoin betting, provably fair both being on-chain and open sourced the code, getting a license) proves they are on the right track. So I see them continuing this course and therefore BET is really undervalued still if you think about what it will be worth in the long term.

You say it's undervalued because of current dividend amount... that might be true, but the whole trick of investing is being early. If you get BET tokens when the dividends are already big you're too late for any big ROI. SO long term I'm bullish on EOSBet and I don't expect big dividends fast, so I accumulate more now before it gets big. And you can already see an uptrend going on:





Source: http://eospayout.com/app/?module=projects&p=bet
legendary
Activity: 1288
Merit: 1036
LOOK , game-protect started to take interest on eosbet because of dividends Cheesy. The averages are about 20 dollars per week income from having around 10 thousand bet token, which means you need to wager about 125 bitcoins to make 20 bucks a week.

Bet tokens are still insanely overvalued, I don't know what eosbet will do because I can see that dividends are getting less and less both because there are less people gambling but also there are way too many bets available as well. Right now if people could sell their bet tokens we would see the dividends drop to under 5 dollars per 10k token because as of right now that is the only appeal eosbet has, chance to get dividends, without getting any bet tokens people wouldn't play here at all and the dividends would be quite small.
sr. member
Activity: 980
Merit: 260
Promoting in another companies channel screams desperation from bethash. Really a foolish move.

People are probably wearing them signatures because they saw what's happening with Eosbet and they want to back the second horse that could do that miracle again.
Just because they wear them doesn't mean they wouldn't be bullish on Eosbet. Just look at the context of the text, there's no fud what so ever.

So I found this article https://cryptovest.com/news/stellar-xlm-flippens-bitcoin-cash-bch-achieves-a-higher-ranking-to-date/ which talks about EOSBet becoming the first licensed blockchain based online casino and that got me thinking about why haven't the rest of the casinos done the same? What are the main hurdles to become fully licensed since all of the casinos pretty much emphasise their transparency and provably fair platform?

There's literally no mention about Eosbet in that. I googled the right link for interested participants: https://cryptovest.com/news/eosbet-becomes-first-licensed-on-chain-blockchain-casino/

You're right, I must have copied the wrong link  (Oops) but the link I was talking about is the aforementioned one Roll Eyes
jr. member
Activity: 288
Merit: 5
need more promotions for BTC and LTC betting, guys!

In telegram been said they will after refining their website to yield more from marketing and promotions. We should see some changes on the website soon in regard to this. After that the next promotions and marketing wave should come again. Also They said ETH will be coming to EOSBet...  Cheesy

They did however had this new marketing banner released recently: https://bitcoinnews.com (you may have to refresh a couple of times)
jr. member
Activity: 288
Merit: 5
So I found this article https://cryptovest.com/news/stellar-xlm-flippens-bitcoin-cash-bch-achieves-a-higher-ranking-to-date/ which talks about EOSBet becoming the first licensed blockchain based online casino and that got me thinking about why haven't the rest of the casinos done the same? What are the main hurdles to become fully licensed since all of the casinos pretty much emphasise their transparency and provably fair platform?

Well there are some hurdles to get through before you get a license. It's not that they you give one to any company. Just being provably fair is not the only requirement. I don't know them all, but I believe doing some sort of KYC is also a thing which nog all casino teams are willing to go through.

By the way being on a blockchain alone is not "provably fair" I believe you also had to open source your code which EOSBet has.
legendary
Activity: 3234
Merit: 1055
So I found this article https://cryptovest.com/news/stellar-xlm-flippens-bitcoin-cash-bch-achieves-a-higher-ranking-to-date/ which talks about EOSBet becoming the first licensed blockchain based online casino and that got me thinking about why haven't the rest of the casinos done the same? What are the main hurdles to become fully licensed since all of the casinos pretty much emphasise their transparency and provably fair platform?

link to the real article that mentioned EOSBET is the one up posted by o48o. but you're right why didn't most of the btc gambling register to those 4 Caribbean island-based regulatory body? they could be as successful as EOSBET right now if they did before the bullrun.  Curaçao eGaming is just one as the article said. there are other regulatory so some btc gambling sites must have been registered to other regulators. i didn't check them out nor was i interested about these but with EOSbet.
legendary
Activity: 3080
Merit: 1178
Leading Crypto Sports Betting & Casino Platform
Promoting in another companies channel screams desperation from bethash. Really a foolish move.

People are probably wearing them signatures because they saw what's happening with Eosbet and they want to back the second horse that could do that miracle again.
Just because they wear them doesn't mean they wouldn't be bullish on Eosbet. Just look at the context of the text, there's no fud what so ever.

So I found this article https://cryptovest.com/news/stellar-xlm-flippens-bitcoin-cash-bch-achieves-a-higher-ranking-to-date/ which talks about EOSBet becoming the first licensed blockchain based online casino and that got me thinking about why haven't the rest of the casinos done the same? What are the main hurdles to become fully licensed since all of the casinos pretty much emphasise their transparency and provably fair platform?

There's literally no mention about Eosbet in that. I googled the right link for interested participants: https://cryptovest.com/news/eosbet-becomes-first-licensed-on-chain-blockchain-casino/
sr. member
Activity: 980
Merit: 260
So I found this article https://cryptovest.com/news/stellar-xlm-flippens-bitcoin-cash-bch-achieves-a-higher-ranking-to-date/ which talks about EOSBet becoming the first licensed blockchain based online casino and that got me thinking about why haven't the rest of the casinos done the same? What are the main hurdles to become fully licensed since all of the casinos pretty much emphasise their transparency and provably fair platform?
hero member
Activity: 1344
Merit: 507
need more promotions for BTC and LTC betting, guys!

I don't think so. Betting with EOS bringing way more bet token compared to btc and ltc. So even people know there are btc and ltc available they simply don't choose them. Because betting with eos is more profitable.
Why is betting with EOS more profitable?

Is the house edge lower when you bet with EOS compared to BTC or LTC?

How is it profitable to bet against a house edge?

Definition profit: A financial gain, especially the difference between the amount earned and the amount spent in buying, operating, or producing something.

Actually i am wrong:

"Earn Free BET by Playing
Currently, we are airdropping BET tokens to our bettors. These tokens grant you dividends for life, and BET holders receive 100% of profits generated by EOSBet. For every 20 EOS you wager, you will receive 1 BET token. And for every 1 BTC you wager, you will receive 80 BET tokens!"


I thought 1 btc you wager you got 20 bet tokens which is making eos better but no it was 80 bet. So i have no idea why people is not using bitcoin. Maybe it takes higher fees and longer time to transfer compared to eos.
If someone wagers 1 BTC with 1% house edge he will statistically lose 0.01 BTC and gets 80 BET tokens.

How much rendite is currently paid to each BET token?
legendary
Activity: 3234
Merit: 1055
need more promotions for BTC and LTC betting, guys!

I don't think so. Betting with EOS bringing way more bet token compared to btc and ltc. So even people know there are btc and ltc available they simply don't choose them. Because betting with eos is more profitable.
Why is betting with EOS more profitable?

Is the house edge lower when you bet with EOS compared to BTC or LTC?

How is it profitable to bet against a house edge?

Definition profit: A financial gain, especially the difference between the amount earned and the amount spent in buying, operating, or producing something.

Actually i am wrong:

"Earn Free BET by Playing
Currently, we are airdropping BET tokens to our bettors. These tokens grant you dividends for life, and BET holders receive 100% of profits generated by EOSBet. For every 20 EOS you wager, you will receive 1 BET token. And for every 1 BTC you wager, you will receive 80 BET tokens!"


I thought 1 btc you wager you got 20 bet tokens which is making eos better but no it was 80 bet. So i have no idea why people is not using bitcoin. Maybe it takes higher fees and longer time to transfer compared to eos.

btc is a lot profitable than EOS as one would though though so i would understand why they are not using btc.

Promoting in another companies channel screams desperation from bethash. Really a foolish move.

I'd say the sliver lining in this if anything is promoting EOS platform suitability for the gambling community (and many more crypto spaces) which major casinos like Bithash and the rest few have already recognised and incorporated in their project each providing their unique user experience. In essence these are all unifying acts of crypto rather than a divide like other people seem to interpret.

well this is why eosbet also allows btc and ltc and god know which token to be wagered in the next months. btc is what matters the most and there it goes, they add more  to please the rest.

sr. member
Activity: 980
Merit: 260
Promoting in another companies channel screams desperation from bethash. Really a foolish move.

I'd say the sliver lining in this if anything is promoting EOS platform suitability for the gambling community (and many more crypto spaces) which major casinos like Bithash and the rest few have already recognised and incorporated in their project each providing their unique user experience. In essence these are all unifying acts of crypto rather than a divide like other people seem to interpret.
newbie
Activity: 19
Merit: 0
Promoting in another companies channel screams desperation from bethash. Really a foolish move.
sr. member
Activity: 980
Merit: 276
$CYBERCASH METAVERSE
That is what I wanted to know about, how it affects the shareholders (bet token holders). I know its a side bet but if you do not hit the jackpot that money goes directly to jackpot amount and not count as a "win" for dividends as I understand. If that is true than there is a certain sum of money (right now above 20 thousand dollars from what we understand) that is basically unused until a jackpot is won, which could be used for something but I don't know how "ponzi" it would become.

The fact is there is absolutely some certain amount that is unused and it could be not touched until someone wins the jackpot or it could be used for something without spending the capital (like interest from banks for example) that could increase that even faster if you ask me.

No, there is a part of jackpot giving out as dividends but not while playing it seems. When jackpot wins, it gives %10 as a dividend.

"Please note, 100% of the jackpot ticket price will go into the pool. You will not receive BET tokens for this purchase. 90% of the jackpot prize will be awarded to the winner, with 10% being distributed proportionately to all BET token holders."

https://eosbet.io/jackpot
sr. member
Activity: 980
Merit: 260
That is what I wanted to know about, how it affects the shareholders (bet token holders). I know its a side bet but if you do not hit the jackpot that money goes directly to jackpot amount and not count as a "win" for dividends as I understand. If that is true than there is a certain sum of money (right now above 20 thousand dollars from what we understand) that is basically unused until a jackpot is won, which could be used for something but I don't know how "ponzi" it would become.

The fact is there is absolutely some certain amount that is unused and it could be not touched until someone wins the jackpot or it could be used for something without spending the capital (like interest from banks for example) that could increase that even faster if you ask me.

If this is the case then this would be pretty bad since there is overall more loss more like physical casinos. There are crypto casinos such as BetHash which deals with this by providing its users with passive income via dividends. Check this out here https://bitcointalksearch.org/topic/free-cpubethashio-free-4000-giftbox-offer-lottery-dice-slots-5129963
copper member
Activity: 89
Merit: 0
Wouldn't make sense to use the jackpot amount since someone could win it every second.
legendary
Activity: 1512
Merit: 1041
That is what I wanted to know about, how it affects the shareholders (bet token holders). I know its a side bet but if you do not hit the jackpot that money goes directly to jackpot amount and not count as a "win" for dividends as I understand. If that is true than there is a certain sum of money (right now above 20 thousand dollars from what we understand) that is basically unused until a jackpot is won, which could be used for something but I don't know how "ponzi" it would become.

The fact is there is absolutely some certain amount that is unused and it could be not touched until someone wins the jackpot or it could be used for something without spending the capital (like interest from banks for example) that could increase that even faster if you ask me.
sr. member
Activity: 980
Merit: 276
$CYBERCASH METAVERSE
need more promotions for BTC and LTC betting, guys!

I don't think so. Betting with EOS bringing way more bet token compared to btc and ltc. So even people know there are btc and ltc available they simply don't choose them. Because betting with eos is more profitable.
Why is betting with EOS more profitable?

Is the house edge lower when you bet with EOS compared to BTC or LTC?

How is it profitable to bet against a house edge?

Definition profit: A financial gain, especially the difference between the amount earned and the amount spent in buying, operating, or producing something.

Actually i am wrong:

"Earn Free BET by Playing
Currently, we are airdropping BET tokens to our bettors. These tokens grant you dividends for life, and BET holders receive 100% of profits generated by EOSBet. For every 20 EOS you wager, you will receive 1 BET token. And for every 1 BTC you wager, you will receive 80 BET tokens!"


I thought 1 btc you wager you got 20 bet tokens which is making eos better but no it was 80 bet. So i have no idea why people is not using bitcoin. Maybe it takes higher fees and longer time to transfer compared to eos.
hero member
Activity: 1344
Merit: 507
need more promotions for BTC and LTC betting, guys!

I don't think so. Betting with EOS bringing way more bet token compared to btc and ltc. So even people know there are btc and ltc available they simply don't choose them. Because betting with eos is more profitable.
Why is betting with EOS more profitable?

Is the house edge lower when you bet with EOS compared to BTC or LTC?

How is it profitable to bet against a house edge?

Definition profit: A financial gain, especially the difference between the amount earned and the amount spent in buying, operating, or producing something.
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