Topic: FORTUNEJACK.COM |Deposit 777 play with 1777 mBTC |Live Casino, Slots, Betting - page 541. (Read 465252 times)

Those numbers and tables you are trying to bring up are wrong and has nothing to do with our database, and there is no way you could have access to that kind of information.
However, we approve there was a bug counting it. One of the games (fortune wheel) was excluded from the trigger for a short period of time (when we changed our currency rates provider) and the bets were summed up without multiplying it on an exchange rate. The issue was fixed later, but the wager forgetfully remained untouched. It took some time to analyse the code and history of FortuneJack updates.

We think exaggerating total wager would be a cheap marketing trick and would never distribute wager that high on the landing page on purpose, knowing it would raise a lot of questions in a highly curious community like Bitcointalk.

The data is most certainly wrong.  

Edit: The total wagered amount shown on the site doesn't match with any other data on site. NLNico is right. May be there is some error? like 1 DOGE/REDD = 1 BTC? So, a 10000 DOGE bet would add 10000 BTC to the counter. or it could be dollar/cents for slot games that was equated to a BTC.

Also, it is possible that the error was already fixed. Even if it happened for say a week, it would completely distort the data. and may be FJ didn't bother to reduce it back?

Edit2: I estimated actual wagered amount to be around 100,000BTC to 400,000BTC

Same as you, I just wanted to deposit money here, and i hesitated because of high rollover of bonus, 30/20%(for slots, blackjack)=150X rollover. And now I just find their stats are ridiculously overestimated, I think this is a marketing trick, but not an honest/real advertisement, it is a false one like their bonus terms, which is not modified yet, and I have reminded them many months ago.

I like to emphasize that I am following this thread for a long time and they seem completely legit (only indeed sometimes delay at "bigger" wd's but thats fair enough) and they seem to give a good fun experience to their players. I am also willing to believe that they are popular, just not by these numbers. So I am not trying to hurt them or anything, I would not try to stop anyone from playing here. But I just really think the numbers are wrong and I like to believe that I gave decent arguments for this.

Ideally they would just "fix" it and I personally wouldn't care too much about it anymore (altho it would be hard to trust the numbers ever again, but at least they would admit it's not correct.) In the end I think most players don't really care about wagered amounts and those few that do care, like myself, can easily see it is very likely wrong.

I just notice the stats about promo, 200 BTC deposit bonus redeemed, affiliate program: 147BTC, Loyalty program: 328BTC, how can a casino with 14 million wager with so little promo results? i mean if your real stats are 14 million, shouldn't be over 10k-100k BTC on promo results?

Fortuenjack admin doesn't reply here, it is obvious that they can't explain the weird thing.

PS: Novacoin has totally 1.1 million coin supply, you have higher wager than the supply? Doesn't make sense cause NVC price trend is going down.

I think most players are loss-constrained, so as these games have a higher house edge it would make this an even bigger achievement. If we pick conservative numbers and assume that 50% of the volume is from deposit-bonuses and you have a weighted house edge of 2%, it would still mean you should be netting over 500 BTC per day? That's an insane amount of money for players to be losing to the site every day.

I've personally played at your site (I try give give almost all sites a test) and experienced significant withdrawal delays for a win in the 5-10 BTC range, which is completely understandable as you want to check things over, but for someone making 500 BTC a day this now seems a little strange? I know for my site (which should be making 1/250th of yours) I need to keep the hot-wallet at least 30 BTC for things to just go smoothly on a day to day basis

Just out of interest, I queried the amount of sessions on my sites chat where variations of "prime dice" was mentioned vs "fortune jack" and excluded ref-links, to come up with a ratio of 9:1 although there's probably quite a demographic difference between my players and yours.

Anyway, I don't mean to throw any accusations out there, and I've played on your site and honestly had a great experience doing so, but I really have a hard time believing your numbers (although if they are real, more power to you, I'm insanely jealous ).

If it's the amount wagered I can see these numbers being correct.  I know when I was playing, I cycled threw some stupid amount of BTC but actually came no where close to depositing that amount.

Okay, I will ignore the stats from bitcoinstrip. Still I have 3 data points, that I personally got straight from your website. These numbers are correctly taken from your site.

I know all stats started with 0 on 2014-09-09. I know the stats of 2015-01-10 so I can calculate the daily average between those 2 dates (first 123 days). And I know the stats of today, so I can calculate the average daily between 2015-01-10 and now (257 days.)

This results in:




Do you see how these stats look wrong?



1) I found it odd that NVC, PPC, NMC are all just about a million on the first data point, but I am willing to ignore that as it could be coincidence.
2) For the first 123 days, you had a daily avg of 270 BTC in total. And the 257 days after that, a daily avg of 54,859 BTC. I'm sure your site got more popular, but seems extreme?
3) Note how almost all altcoins aren't popular except DASH and LTC with HUGE amounts. LTC is claimed to have more 5x more wagered than PrimeDice's BTC daily wagered. PD is the most popular dice site BY FAR and AFAIK the most popular BTC gambling site. Even DASH is 2x more than PD BTC. Anyone active in the cryptocurrency gambling community, knows that altcoins do not have that kind of gambling volume in BTC terms. Even JD doesn't have that with their CLAM wagered amounts. The fact that your other altcoins have barely wagered volume, shows this furthermore.
4) I find it odd that it seems like DASH got exactly 100M added (300k would be exactly correct based on daily of first 123 days) and it seems like 200M was added to LTC. But sure, this "could" be a coincidence.
5) Just the fact that you claim to have 54,859 BTC daily wagered should be enough.. That is 27x times more wagered than PD and still 4x more than JD with BTC times. Everyone who was active on JD know how crazy action there was, 100 BTC spam-bets were almost not a big deal.
6) Based on your wagered amounts, you should have an expected profit 141,320 till 565,280 BTC in ~8 months (based on 1% HE - 4% HE.) That is simply impossible.
7) You have a max bet of 1 BTC on your dice game. With these wagered amounts and expected profits, you should be able to afford HUGE max bets.
8) Just because you have a lot of different games, altcoins and some bonus program, doesn't magically make your site more popular by these insane factors.



I find it odd that you try to defend this. I personally assumed you would say there was a silly mistake and it would be fixed. That you really claim that these numbers are correct, is sketchy to me.

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 )