Topic: FLIPPOKER IS CLOSING! - page 11. (Read 17698 times)

So your assertion is still that your site has a 1% house edge, despite those two real-btc hands that I posted?

If I bet .0001, and the house edge is 1%, I should get back, on average, .000099.  In the first example I posted above, I'm getting back .0000696142.  Wouldn't you say that that means that the house edge, on that bet, is 30.39%?  

0.0003 BTC have been credited to your account.

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TY 

I'm glad that you actually took your time for this post. I will look into these thing that you mentioned and see if there's something I may improve.. like the multiplier or the bet limits and so on.
I really like to get some feedback, both positive and negative. Because the site is still in development, I had many ideas for this in the beginning but you need to start somewhere and implement these features in the progress.

I will try to answer all your questions about the card randomisation and the multiplier calculation (without revealing too much of the code.. for obvious reasons). It may be a good idea to post that information at the site too, you're right that it's really little described about this process.
But not right now at this late hour.

Since my questions were ignored, I've had some time to run some math.  All of these are assuming that the flop/turn/river are completely random.  I have to assume that since it's not explained anywhere on the site.  These are all hands played on the site, for btc:

A9 vs 42 with a 1.07 multiplier.  The player has a 65.06% chance of winning, assuming completely random f/t/r:

Option 1: Fold, lose -.00005
Option 2: Bet .0001  65.06% of the time player wins and profits .000007.  34.94% of the time, player loses or ties (ties lose on this site, another rule that isn't stated anywhere) and loses -.0001.  Total equity: -.0000303858

Option 2:  Bet .0002.  If you do this, your equity is -.00005588.

Option 3:  Bet .0003.  If you do this, your equity is -.00008382.

This means that, in this scenario, every decision will lose you money in the long run.  And folding a hand that's a 65% favorite is a better decision then betting either of the two larger bet options.


Let's look at a hand with a higher multiplier.

J4 vs 95s with a 1.49 multiplier.  The player has a 54.46% chance of winning, assuming completely random f/t/r:

Folding loses you -.00005

Betting .0001 gives you an equity of -.0000188546
Betting .0002 gives you an equity of -.0000377092
Betting .0003 gives you an equity of -.0000565638


Another situation where every decision is going to lose you money overall, and the more money you risk the more you are losing.

I could go on, but a majority of the hands I played seemed to have a multiplier under 1.5x.  I believe I saw only one hand where the multiplier was over 2x, and that was ~2.2x but I admittedly didn't play very long, since even if you win every other hand you are losing a quarter bet per hand. 

I'd love to see the documentation that shows a provably fair 1% house edge as you stated.

0.0003 BTC have been credited to your account.

TY HERE IT IS
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Ok, then there is no way that you only have a 1% house edge.  If that were true, the player would need to win somewhere around 70-80% of their hands.  This clearly isn't the case.  Your site is RIDDLED with misspellings and vagueries and I'd suggest that everyone stay away.

We don't calculate our profit that way, it cost you a bet then you get the "bet * multiplier" in return.
You're completely right about the 0.01 BTC min-withdraw.. I just lowered the limit to 0.001 BTC. Also added the 0.0004 and 0.0005 bet value.


I have explained to you in the previous post why that happend. We don't think it's right to payout to players when a malfunction on the site appears. So we just removed your funds for a minute to calculate your real balance who we're at a negative value. So actually we "refunded" you.

But I completely understand your concern and frustration.

I got to 0.01 but then it got reset I was about to cash out too.

Worst site ever.

Ties get graded as losses.  The multiplier is misleading.  On a 1.19x multiplier, for example, you are risking .0003 in order to win .00005643 (should be .0003 to win .000357).  Max bet is .0003 by the way...but the min cashout is .01.  This is insane, I highly doubt that the house edge is 1%, even if the cards are all dealt randomly (are they?), on most hands you are risking 3-10 times as much as you stand to win.  Glad I only lost small amount checking this horrible site out.

Yes, I had to do that. You actually spend all your funds previously.. and that's not fair. I hope you understand and once again.. I'm sorry for this :/

Best regards.

I see I notice that now in the stats window when better to get rid of all the bugs sooner rather than later hope you get that fixed I thought it was to good to be true how fast I was earning it.


Back down to a smaller amount now then I guess actually now you have reset my balance again I have to low to even continue.

I will explain, I watched your game.. but then I realised that you grow your balance to quickly. It's not possible to go from 0.0003 BTC to 0.01 BTC in just 50-55 games. Then I saw the problem.. you won all the games that you should have been lost and you got credited by it. Because your profit statistics were a negative while your balance were a positive.

I really apologize for that, I hope that you understand and that we got some mayor issues to fix during this process.

You have now cleared my funds for some reason why might I ask? I got up to 0.01 and tried to withdraw and had issues I assumed because you froze everyones balance then you clear it?

I was wondering why I couldn't withdraw at least you are finding the bugs now.

The house-edge is 1%, you can check the "fee" section in the FAQ.

I'm glad that you liked it We're currently monitoring everything so it will run as smooth as possible. Have already found some issues taking care off.

#EDIT: Just found an big malfunction in the system. I just froze your funds, I will return them when the "glitch" is fixed.

Best apologies.

Recieved I've started playing and it seems pretty good so far what's the house edge?

You're welcome!

I have credited your account with 0.0003 BTC, have fun!

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Might as well give it a try to see if I like looks pretty good.