Topic: FORTUNEJACK.COM |Deposit 777 play with 1777 mBTC |Live Casino, Slots, Betting - page 531. (Read 460935 times)

We do not know how the bitcoin strip counts the numbers, but they are absolutely incorrect. None of those numbers provided on the website is valid. Even if that data is based on truth as you say, they distribute 10 mi BTC wagered that highly contradicts your arguments.

Nevertheless, it is totally unfair to compare Fortunejack with JD, PD or any other website that offers only dice in their portfolio. Here at fortunejack we provide 400+ Slot Games and 11 different game categories, together with 10 crypto currencies in total, just think about that. Actually, FJ is the  only casino in the industry offering these features combined with unbeatable loyalty program, and that is exactly what makes us unique.  

Info since 8th of September 2014:
Total bets placed: 2,300,000,000 (still counting)
Average bet size: 0.007BTC

In addition, what you got wrong is average of 230 online players on the website per minute, not 230 players per day, that number is way higher.
With all the respect to the bitcoin community, we think that distributing 'amount wagered per game category' is a sensitive data for the company and we prefer not to discose it.

Unfortunately a lot of casinos that use software used on typical fiat casinos all have that ability.

I was at a gaming conference a few months back and a few of the providers trying to sell me their software were bragging about this feature.

It depends on the gambling license the operator has though. They would not be allowed to set the edge so high with say a UK gambling license.

Also when I tried to explain that I was providing provably fair games they were shocked and confused.

I have one more question regarding Novomatic slot games. What is the difference between 'Book of Ra' and 'Book of Ra BTD' except gamble feature?

Abosulutely, you are right. However, most of the casinos operate on 90% - 95% RTP, while FortuneJack offers 4% house edge on Slots Games + up to 20% rakeback with loyalty points credited while playing.
We also provide 21 Provably Fair Slot games to satisfy players with different needs and standards.

So there is a possibility to set house edge to 70% and there is no way for us to calculate house edge. We must trust operator.

It is up to casino (operator) to decide the house edge of the games integrated, they can even be set on 200% RTP (Return to Player) if needed, I remember writing you about this. But it was a 2 month period to promote the newly integrated games. As for today, Slot games operate on 4% House Edge.

Regarding the amount wagered, we have requested detailed explanation of 14 mi from our dev. department and we will be glad to share it with you as soon as they prepare it.

@NLNico they apply 0.00001% Kelly risk.  

I never get response how they offer 2% house edge, while same game from same provider at different casino has 5%-10% house edge.

Do not trust their stats on 14 million, I am working on a fiat casino(biggest in my country, have over 500k members, we have larger wagers per day of course, but i don't think ANY btc casino has this kind of huge wagering per day - 62k btc wagering per day), i know how big casinos can have 62K btc wager in one day, 62K btc = 62000*230 USD =14000000 USD per day, that's the third-class fiat casinos have. AFIAK, daily online players on FJ is 200 people(not every online player bet), let's count they have 200 daily active gamblers, how can a person wager 300 btc per day?? 

Thanks. But, tbh, I personally don't see how it can be that much. I only got stats per currency on 10 jan 2015, so I could make the following calculations:

2014-09-09   0
2015-01-10   23,565 BTC + 1,008,077 NVC (4365 BTC) + 1,005,193 PPC (1658 BTC) + 1,002,993 NMC (1655 BTC) + 105,758 DASH (1108 BTC) + 685,105,819 DOGE (356 BTC) + 8,572,105,491 RDD (343 BTC) + 8,343 LTC (104 BTC) + 8,105 CLAM (48 BTC) = 33202 BTC
2015-08-25   14123010 BTC (According to thebitcoinstrip you had 9003 BTC wagered in last 30 days)
2015-09-24   14132013 BTC


So this makes the following daily average bets:

Between 2014-09-09 and 2015-01-10 (123 days): 270 BTC per day
Between 2015-01-10 and 2015-08-25 (227 days): 62.069 BTC per day
Between 2015-08-25 and 2015-09-24 (30 days): 300 BTC per day

As you can see 300 BTC per day seems realistic, but 62.069 BTC per day is pretty impossible.


These are daily average of other sites (BTC only and only stats from my site so not since start of sites which actually results in relatively higher amounts for most sites):


As you can see,  62.069 BTC per day is quite unrealistic.



Are you sure you don't have some calculation error with the alt coins? Would you mind sharing per currency stats like you did before? (see edit)


Either way I do not think anything bad (as in scam etc) about FortuneJack at all(!) I just think there is a mistake in the wagered amount calculation. (see edit, it actually does look like intentional lying)




edit: ah I was editing my post by deleting and adding new, but fox already quoted me lol. Will just edit I guess...

Reason why I edit, is because I can see you have wagered amounts per currency already.

I noticed BTC wagered is 10,570,963 BTC. So there is no alt-coin miscalculation. Still I do not believe the 62.069 BTC per day wagered.

That makes the expected profit of only BTC: 105,709.6 BTC. This would have made you one of the most richest BTC owners in just 227 days. I do not believe that.

And you are still only able to provide a max bet of only 1 BTC at dice? Lol..

Wagered per currency

Seems only LTC and DASH are really popular alt-coins compared to the other alt-coins heh? I mean on a level of 138 till 2.782 times more popular than the other alt coins. Lol.

good stats, 60K BTC per day is impossible for an infamous casino in fiat world, or famous btc casino, it is possible for a famous fiat casino, it is an obvious exaggeration of marketing.

Hello, we accept 10 crypto currencies in total and the amount distributed on the main page (14mi), is the sum of all crypto currencies wagered in all games, converted into BTC. The number is absolutely correct.

Yesss! Now I see it! Thanks mate!

Looks like everything's working pretty nice )

Actually there is a faucet. On the far left of your screen, there should be a yellow "FREE BTC" box and you should be able to get 523 satoshi after solving the captcha.

The site looks awesome. Registration is quick and easy. I found without a problem my favorite game - DICE, and only then I noticed one thing that I didn't like - the lack of faucet.
Maybe it was my mistake and there IS a faucet but I didn't found it.

I read the #bets figure wrong so my average bet size was wrong. However I'm still sure the wagered amount is likely an error and is too high.

I think so, there are so many high rollers there. the high rollers used to gamble(to be top on leaderboard) a lot while ago, now i don't see much action at FJ.(the weekly losses used to be around 100+ bitcoins)

I don't think they can profit so much money, I doubt the stats of total wagering 14 millions BTC are 100% fake(i remember several months ago I saw that figure was 50k-100k btc, can't be increase so FAST), and their other games have much higher house edges.

They have video poker and blackjack variants, they changed the house rule so the house edges of their new video poker(4% house edge) and blackjack(over 2%) are higher than standard ones, like the rule 21 VS 21 is lost here, unless you get BJ and delear gets 21(non-BJ) but it is push in other casinos.

This stat is obviously wrong. It could be a simple error though.

If it were correct, assuming a very rough average of 1% edge, that would mean they have an expected profit of £21 million/ $32 million which I think would be safe to assume is not accurate.

According to the stats it would also mean an average bet of 6.1 Bitcoin but most of the bets showing on the site are actually only a few k satoshis.

EDIT: I read the #bets figure wrong so my average bet size was wrong. However I'm still sure the wagered amount is likely an error and is too high.

The 14 mil number can't be correct. PD opened ~1.5 years earlier than FJ and is far more popular, but still only has a total wagered of 1.2 mil.

I did not pay attention to the full number. I thought it is 14,100BTC. It is too much!