well after 4 days of profits each night. last night resulted in a slight loss. So, we will see how things go next.
Phil
Topic: How to double your BTC in a week - page 9. (Read 16809 times)
He forgot to mention that you could've lost the whole bankroll. As far as the site compromised, could we hope that the website is more secure than it is reliable.
Don't forget that a website owner can always blame a hack for everything. It has happened before that an admin said they got hacked just to run away with the coins.So when reading "if the website is compromised" I always add "or we just steal them from you" in my mind.
Of course I'm not implying that this could happen here.
Surely you're saying the implication is it COULD happen and not WILL happen.
He forgot to mention that you could've lost the whole bankroll. As far as the site compromised, could we hope that the website is more secure than it is reliable.
Don't forget that a website owner can always blame a hack for everything. It has happened before that an admin said they got hacked just to run away with the coins.So when reading "if the website is compromised" I always add "or we just steal them from you" in my mind.
Of course I'm not implying that this could happen here.
This chart indicates that if a casino wants to have a less than 0.001% risk of ruin, they must have a bankroll of more than 8000x the maximum bet on a single number.
It's probably worth pointing out that bitzino's calculations were based on a fixed max bet. If the house adjusts its max bet dynamically to be a fixed percentage of the current bankroll then it doesn't need nearly as much.
This is why if a casino don't manage the bankroll responsibly you need to do it yourself. Don't go all-in and get ready to reload.
Look at max bet (10.5BTC) on max odds (35:1) vs available bankroll (608BTC) there is your answer.
No it's not risk free. Manage your bankroll accordingly.
EDIT: Good news they lowered the risk of ruin. The site now only risk a maximum of 50% instead of 100%+ yesterday. I've never seen more than 1.5BTC bet on 17:1 and 2BTC on 1:1 so in reality they never risked more than 100%.
No it's not risk free. Manage your bankroll accordingly.
EDIT: Good news they lowered the risk of ruin. The site now only risk a maximum of 50% instead of 100%+ yesterday. I've never seen more than 1.5BTC bet on 17:1 and 2BTC on 1:1 so in reality they never risked more than 100%.
FYI: https://bitcointalksearch.org/topic/m.1145478
Risk of Ruin for Single-0 Roulette (player betting 1 on single number)
This chart indicates that if a casino wants to have a less than 0.001% risk of ruin, they must have a bankroll of more than 8000x the maximum bet on a single number.
| Bankroll | Risk of Ruin |
| 0 | 81.605% |
| 1000 | 17.216% |
| 2000 | 3.547% |
| 3000 | 0.75% |
| 4000 | 0.258% |
| 5000 | 0.083% |
| 6000 | 0.025% |
| 7000 | 0.008% |
| 8000 | 0.001% |
This chart indicates that if a casino wants to have a less than 0.001% risk of ruin, they must have a bankroll of more than 8000x the maximum bet on a single number.
Look at max bet (10.5BTC) on max odds (35:1) vs available bankroll (608BTC) there is your answer.
No it's not risk free. Manage your bankroll accordingly.
EDIT: Good news they lowered the risk of ruin. The site now only risk a maximum of 50% instead of 100%+ yesterday. I've never seen more than 1.5BTC bet on 17:1 and 2BTC on 1:1 so in reality they never risked more than 100%.
No it's not risk free. Manage your bankroll accordingly.
EDIT: Good news they lowered the risk of ruin. The site now only risk a maximum of 50% instead of 100%+ yesterday. I've never seen more than 1.5BTC bet on 17:1 and 2BTC on 1:1 so in reality they never risked more than 100%.
As the owner stated this isn't risk free.
The investment itself is risk free, it is only a matter of time until you've doubled what you've invested, the only risk is (and that should be obvious to everyone) if the website is compromised.
He forgot to mention that you could've lost the whole bankroll. As far as the site compromised, could we hope that the website is more secure than it is reliable.
As the owner stated this isn't risk free.
The investment itself is risk free, it is only a matter of time until you've doubled what you've invested, the only risk is (and that should be obvious to everyone) if the website is compromised.
I will check if I can do the above but it's quite ironic coming from you dooglus, especially since you have denied showing any proof of any bets whatsoever all while claiming that you do not want to sacrifice the privacy of your customers.
I was trying to help you out with my post, not trying to attack you. I provided a way you can prove that your operation is legit. It also happens to be the way that Just-Dice uses but that's not relevant, other than as a demonstration that it's possible.
I was talking about how to demonstrate that you're not running a ponzi scheme. That's nothing to do with "proof of bets".
Incidentally, I'm not sure how to prove whether bets are "real" or not. All 75 million bets on Just-Dice could have been placed by myself I guess. How could I prove otherwise? And who cares anyway, so long as I'm paying out investors their fair share of my losses?
Has anyone lost money yet? If not, then why not?
I have lost a couple.
As the owner stated this isn't risk free.
The investment itself is risk free
(neither of you hyphenate "risk-free"?)
My first investment was up to 1.28 BTC, but someone made a big win shortly after that and I ended up withdrawing 1.1 BTC.
Well you shouldn't be seeing 100% profits if you aren't seeing 100% losses.
The fact that this subject is also "double your BTC in a week" is very suspicious.
It could be that they've set it up so you can risk most of the pool in a single bet, but in that case we should regularly see the entire betting pool disappear - is that happening?
Note: I'm not an investor or user of this or any other gambling website - so my interest here is purely scam detection.
The fact that this subject is also "double your BTC in a week" is very suspicious.
It could be that they've set it up so you can risk most of the pool in a single bet, but in that case we should regularly see the entire betting pool disappear - is that happening?
Note: I'm not an investor or user of this or any other gambling website - so my interest here is purely scam detection.
Has anyone lost money yet? If not, then why not?
Down a little bit today from my high, like 0.02 BTC on 5.33. If the bets are generally small, one shouldn't see downward trends very often, law of large numbers and stuff...
Has anyone lost money yet? If not, then why not?
Lost 1BTC betting on the 0 when trying to figure how to cashout. 
Has anyone lost money yet? If not, then why not?
I have lost a couple.
As the owner stated this isn't risk free.
Has anyone lost money yet? If not, then why not?
I tripled my original investment of 0.42 BTC within the last few days, withdrew it and have re-invested a small sum to hopefully continue profiting! 
This extremely high rate of profit for investors when compared to JustDice is extremely suspicious.
JustDice which should have a lot lower variance due to more volume - even loses money sometimes. This site should be losing money regularly. JustDice rarely returns 5%-10% per month.
In this case house edge is almost 3X JD and the house could get wiped out on 1 winning bet unlike JD that never risk more than 1%.JustDice which should have a lot lower variance due to more volume - even loses money sometimes. This site should be losing money regularly. JustDice rarely returns 5%-10% per month.
Higher risk with less investors = higher reward.
Also of note, profitability is dropping FAST. It's still outpacing JD by quite a bit, but when I first put in coins a couple days ago after seeing this thread the total site bankroll was <100, now it's >700. Partially to be expected as the house returns pile up and grow the roll (though much of these profits have been withdrawn), but there is also clearly a lot of dilution going on.
This extremely high rate of profit for investors when compared to JustDice is extremely suspicious.
JustDice which should have a lot lower variance due to more volume - even loses money sometimes. This site should be losing money regularly. JustDice rarely returns 5%-10% per month.
In this case house edge is almost 3X JD and the house could get wiped out on 1 winning bet unlike JD that never risk more than 1%.JustDice which should have a lot lower variance due to more volume - even loses money sometimes. This site should be losing money regularly. JustDice rarely returns 5%-10% per month.
Higher risk with less investors = higher reward.
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