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Topic: Flip a coin and win 200% - page 2. (Read 1895 times)

legendary
Activity: 1932
Merit: 2272
November 18, 2016, 03:48:53 PM
#25
I tested sites with free money, and after few minutes i decided not to deposit here.



I think this is very bad way to promote your site. All rolls are bet on tail, and on head i actually had few green hits.
legendary
Activity: 1134
Merit: 1598
November 18, 2016, 01:05:56 PM
#24
Just checked the flip history and I'm a bit shocked/surprised to see many 100.000 bets. I see other bets are only around 0.0001-0.01, those 100.000 makes me think that they are 100btc bets each. Is it true that those bets are real 100btc bets or they were just like a testing bets or it is only a visual bug?
I cant believe if there is someone make so huge bet on a new site with so high house edge and withdrawal fee.

It's not 100BTC. You can only bet in mBTC. Also, you have to remember that when you join the website they'll give you a test user account on which you can bet 100mBTC for free as many times as you wish, but the money is only virtual - it cannot be exchanged in any way because it's just a test. The website looks really cool and fast, I think it's got a pretty big potential.
hero member
Activity: 770
Merit: 500
November 18, 2016, 12:27:23 PM
#23
I have just checked the site. The script is good. The design is also amazing. The way you use colors in your concept is very nice. I find it very interesting and attractive. Overall, your site looks simple, tidy but very good-looking. However, using the coinflip is not a good way to run a gambling site because it takes a lot of time to finish flipping and most of the players would rather play hi-lo dice. Try to make the flipping perform faster.
legendary
Activity: 3500
Merit: 1354
November 18, 2016, 09:55:13 AM
#22
Just checked the flip history and I'm a bit shocked/surprised to see many 100.000 bets. I see other bets are only around 0.0001-0.01, those 100.000 makes me think that they are 100btc bets each. Is it true that those bets are real 100btc bets or they were just like a testing bets or it is only a visual bug?
I cant believe if there is someone make so huge bet on a new site with so high house edge and withdrawal fee.
legendary
Activity: 1078
Merit: 1000
November 18, 2016, 09:38:20 AM
#21
5% house edge? This house edge really kills people though, more over withdrawal fee is 1% , dont you think that is too much for such withdrawal fee?
the highest withdrawal fee that i know for instant withdrawal is 0.001 and then you charge here 1%, that means if 1 btc withdrawal, this will be 0.01 btc? Too high for sure, dont even think that it will attract many people to play here
legendary
Activity: 1288
Merit: 1000
November 18, 2016, 05:03:27 AM
#20
So this game is very similar to Dice in concept. The only difference is that you can't set custom "win range".
Additionally, why anyone would want to play a game where total 6% of your win goes to the House? These fees are overkill.
hero member
Activity: 714
Merit: 501
Real Eyes, Realize, Real Lies.
November 18, 2016, 04:57:01 AM
#19
Quote
House edge
5%
I think this is a really good idea, but between 5% house edge and Provability fair I think it will drive some people away. I would focus on making these better for the player and you could probably increase popularity with your website by doing so. Making it transparent that the player can see its not rigged and lowering house edge and making the gui look nice could be good points in succeeding with your website. Good luck.
Vod
legendary
Activity: 3668
Merit: 3010
Licking my boob since 1970
November 18, 2016, 04:25:02 AM
#18
Overview
Bitcoinflips is a Provably Fair coin flip game

Hello - can you explain your proof please?
hero member
Activity: 672
Merit: 508
November 18, 2016, 04:22:25 AM
#17
how does the house edge works if the pay out is 100% of the bet amount? isn't it like zero house edge or there is something i missed?
legendary
Activity: 1974
Merit: 1014
All Games incl Racer and Lottery game are Closed
November 18, 2016, 03:32:23 AM
#16
Overview
Bitcoinflips is a Provably Fair coin flip game that allows gamblers to win 200% on their bets. The best part about the game is that, you can instantly withdraw your earnings and deposits reflect on the 2nd confirmation.  

How to play:
1. Choose heads or tails.
2. Enter your bet.
3. Flip the coin.


Referral system

The user friendly site has a strong referral system that will allow you to earn 0.50% from the profit of every winning bet!

Fee:
No deposit fee.
No fee to check fairness of flips.
1% withdrawal fee.

House edge
5%


200% definition:
Your bet + 100% = 200%.

http://bitcoinflips.com

what is min and max bet? sorry if it was answered already
member
Activity: 117
Merit: 10
November 17, 2016, 07:25:16 PM
#15
k.
member
Activity: 133
Merit: 10
No way Out!
November 17, 2016, 07:13:40 PM
#14
better games around there ,not challenging atall ,sorry
member
Activity: 117
Merit: 10
November 17, 2016, 07:04:21 PM
#13
I'll forward the message. Thank you.
legendary
Activity: 2002
Merit: 1016
November 17, 2016, 07:03:31 PM
#12
Game looks simple and clear, but when i play in test mode balance didn't change even one time.. after few games come out this message: "Things broke at our end, try another time."

I hope that in real game everything is ok? Wink
member
Activity: 117
Merit: 10
November 17, 2016, 06:54:02 PM
#11
Thanks for the clarification.  I'll let the programmer know about it.
legendary
Activity: 2772
Merit: 3282
November 17, 2016, 06:52:40 PM
#10
site is real simple. There is only a 1% withdrawal fee, no deposit fee. What do you mean by +EV?
Oh, 1% withdraw fee. That makes a lot more sense, and I believe no longer +EV. +EV means a positive expected value, and in my post, I was talking about the player having a positive expected value (expected to profit in the long run). It's kinda dumb that someone operation a gambling site doesn't know what EV is.

House edge has been stated as 5%. No fee needed in order to check the seed. withdrawal is 1%.
5% edge is overkill and won't get you many players - other sites like BitSler, Crypto-Games, PD have a 1% edge. Also, you have an inbalance between the chances of both flips (like Lutpin mentioned.)
member
Activity: 117
Merit: 10
November 17, 2016, 06:40:12 PM
#9
That's been left there for gamblers to read and see it.
copper member
Activity: 1904
Merit: 1874
Goodbye, Z.
November 17, 2016, 06:37:22 PM
#8
House edge has been stated as 5%. No fee needed in order to check the seed. withdrawal is 1%.
This is kinda broken.
There are 4998 possible outcomes for a tail win and only 4649 for a head. Playing on head hence increases your house edge.
member
Activity: 117
Merit: 10
November 17, 2016, 06:33:51 PM
#7
House edge has been stated as 5%. No fee needed in order to check the seed. withdrawal is 1%.
legendary
Activity: 1834
Merit: 1008
November 17, 2016, 06:33:03 PM
#6
How can you afford to offer a +EV game in the long run? Players would be expected to make a profit, so I don't see why your running it like this. No mention that it's a promotion or anything, so I suspect it might be a scam (though they might be doing what bitcoinbetting.website is doing and making you pay a tx fee before you even know if you won or lost.)

This is not as same as bitcoinbetting because it is not based on blockchain which mean we dont need to pay skme fee before we know the result though. But to be precise what you are saying probably true because there is no house edge which mean OP will have a chance to scam us though

For OP is there any house edge there to get 200% payout?
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