yeah, I'm wondering that as well, since I bet some larger bets that all lost, whereas my small bets all seemed about 50/50 more or less...
Then again I could just be unlucky (/stupid)
Topic: Flip For Bits... 50/50 betting game. (Read 4088 times)
In another thread ( http://forum.bitcoin.org/index.php?topic=6526.msg147464#msg147464 ) about your other website bitcointoss.com you are quoted as saying:
Could you please elaborate on this? It sounds to me like the chances of winning are affected by the payout pool. If this is really the case, it's dishonest to claim a chance of 49% or whatever, if it really is "49% unless the payout pool can't pay the winnings". Does flipforbits.com work in the same way?
In other words: If I bet 100 BTC on flipforbits.com, do I have an actual 50/50 chance of winning? or is there some check in the code that says the chance of winning is zero if the prize can't actually be paid?
Quote from: Alex Beckenham
when 100 BTC was added, this *increased* the possible payout pool, which in turn made *more* btc available to winners, which have subsequently won those coins.
Could you please elaborate on this? It sounds to me like the chances of winning are affected by the payout pool. If this is really the case, it's dishonest to claim a chance of 49% or whatever, if it really is "49% unless the payout pool can't pay the winnings". Does flipforbits.com work in the same way?
In other words: If I bet 100 BTC on flipforbits.com, do I have an actual 50/50 chance of winning? or is there some check in the code that says the chance of winning is zero if the prize can't actually be paid?
yeah I lost a lot of money to this 
Nevermind. It found it (and I lost 
)
) My payment is 6 blocks confirmed, but still not located. Tried refreshing, which didn't help.
Okay, let me know what address you paid to, and I'll send it back.
Thanks.
Edit: Or, wait 15 minutes and try again... It was sitting on 0 connections for a while after I restarted it, but it's gone back up to 100+ connections now so it should catch up on the block chain shortly.
My payment is 6 blocks confirmed, but still not located. Tried refreshing, which didn't help.
hmmm I was playing fine for a while and now its just hanging on "please wait while we locate your payment"
pay address was 1N6CmaCXGnGp6gDr7WitZtdutWGMpgXFST
pay address was 1N6CmaCXGnGp6gDr7WitZtdutWGMpgXFST
It's safe to refresh that page... I can't see your transaction on http://bitcoincharts.com/bitcoin yet.
it worked now, just took a while, thanks though
hmmm I was playing fine for a while and now its just hanging on "please wait while we locate your payment"
pay address was 1N6CmaCXGnGp6gDr7WitZtdutWGMpgXFST
pay address was 1N6CmaCXGnGp6gDr7WitZtdutWGMpgXFST
It's safe to refresh that page... I can't see your transaction on http://bitcoincharts.com/bitcoin yet.
hmmm I was playing fine for a while and now its just hanging on "please wait while we locate your payment"
pay address was 1N6CmaCXGnGp6gDr7WitZtdutWGMpgXFST
pay address was 1N6CmaCXGnGp6gDr7WitZtdutWGMpgXFST
LOL> Please wait while we load your payment... HAHA! Don't think so!
Nah, I've played Alex's games before. He's legit and he's been a part of the community for a while. The reason for the wait is because he has to receive confirmation of the payment (which can take a while.) Then, if you win, he applies the payment to your payment address. This could, therefore, take time as well.
LOL> Please wait while we load your payment... HAHA! Don't think so!
What if their bet is .01? Doesn't the bitcoind charge a .01 bitcoin transaction fee for values less than .01?
Everything is rounded to the nearest 0.01.
What if their bet is .01? Doesn't the bitcoind charge a .01 bitcoin transaction fee for values less than .01?
How does the referral system work? If someone plays the game through my referral link, am I immediately sent my cut? Or do I have to go back to the site, enter in my payment address and cash out in some way?
Your cut is sent out at the same time as their payment is confirmed... i.e. during a cron which runs every ten minutes. No need to specifically come back and withdraw.
How does the referral system work? If someone plays the game through my referral link, am I immediately sent my cut? Or do I have to go back to the site, enter in my payment address and cash out in some way?
Is this normal?
I still have no confirmations on what I sent so I guess I have to wait?
Got it after four confirmations. Thank you.
Cool program.
are the changing numbers actually any indication, or just for distraction?
I found some patterns but it's fixed now =P
But ye, you can predict where it's going to be..
are the changing numbers actually any indication, or just for distraction?
Also, just to make you aware, the site goes down regularly. Not sure if that is because you have run out, or something, but it goes down none the less.
It's stupid bitcoind freezing up. I don't know yet how to make it more reliable.
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