Topic: [Jackpotracer.com] ★★ upped the Prize to 0.15 BTC ★★ Prize for Jackpot hit ★★ - page 2. (Read 1589 times)
August 10, 2015, 11:12:09 AM
if the Jackpot is not yet hit I am in
August 10, 2015, 10:45:17 AM
This promotion makes the site temporarily EV+ !
Assuming you bet 0.00002 BTC (2000 satoshis) every bet:
Expected value from winning the normal game: 0.00002 * 5.88/6 = 0.0000196
Expected value from winning the jackpot: 0.00002 * 2799.36/279936 = 0.0000002
Expected value from jackpot bonus: 0.1/279936 = 0.000000357
Total EV = 0.000020157
Works out to be 100.785% EV.
Not much, but better than EV-
(EDIT: This assumes you bet only one one racer. Betting on two or more simultaneously makes it EV- again)
Assuming you bet 0.00002 BTC (2000 satoshis) every bet:
Expected value from winning the normal game: 0.00002 * 5.88/6 = 0.0000196
Expected value from winning the jackpot: 0.00002 * 2799.36/279936 = 0.0000002
Expected value from jackpot bonus: 0.1/279936 = 0.000000357
Total EV = 0.000020157
Works out to be 100.785% EV.
Not much, but better than EV-
(EDIT: This assumes you bet only one one racer. Betting on two or more simultaneously makes it EV- again)
thank you very much for taking the time to make all the maths to tell our players if it is +EV or -EV
very much appreciated.
but I would like to ask you to present those numbers in ELI5 because we have many users who will not understand your maths this way that you presented it.
for example you wrote >>>Expected value from winning the jackpot: 0.00002 * 2799.36/279936 = 0.0000002<<<
could you please do this explanation in ELI5 so we all can understand this formula and what the result of 0.0000002 means. I know that it means 20 satoshi but what is it for?? I am confused
here and where do you get the number 2799.36 from?
thanks again
August 10, 2015, 10:11:16 AM
This promotion makes the site temporarily EV+ !
Assuming you bet 0.00002 BTC (2000 satoshis) every bet:
Expected value from winning the normal game: 0.00002 * 5.88/6 = 0.0000196
Expected value from winning the jackpot: 0.00002 * 2799.36/279936 = 0.0000002
Expected value from jackpot bonus: 0.1/279936 = 0.000000357
Total EV = 0.000020157
Works out to be 100.785% EV.
Not much, but better than EV-
(EDIT: This assumes you bet only one one racer. Betting on two or more simultaneously makes it EV- again)
Assuming you bet 0.00002 BTC (2000 satoshis) every bet:
Expected value from winning the normal game: 0.00002 * 5.88/6 = 0.0000196
Expected value from winning the jackpot: 0.00002 * 2799.36/279936 = 0.0000002
Expected value from jackpot bonus: 0.1/279936 = 0.000000357
Total EV = 0.000020157
Works out to be 100.785% EV.
Not much, but better than EV-
(EDIT: This assumes you bet only one one racer. Betting on two or more simultaneously makes it EV- again)
August 10, 2015, 09:55:21 AM
i join this,.
username : Cybernick
username : Cybernick
thanks for joining and welcome to the action
August 10, 2015, 09:08:31 AM
my username: horace0812
thanks for participating
good luck
August 10, 2015, 08:00:40 AM
guys we were asked by user bitcoingg to post his username so he will be in the contest
and eligible for the Jackpot
and eligible for the Jackpot
Let me try my luck for this jackpot hunter username : panjul07
just for info to explain why we posted the username for bitcoingg
bitcoingg asked us to post his username because he has right now no multi screen option
and was wagering on 5 racers about 16k sat on each
panjul thank you for participating
August 10, 2015, 07:53:42 AM
guys we were asked by user bitcoingg to post his username so he will be in the contest
and eligible for the Jackpot
and eligible for the Jackpot
Let me try my luck for this jackpot hunter username : panjul07
August 10, 2015, 07:51:29 AM
My username:siwakotisaurav
August 10, 2015, 07:47:58 AM
guys we were asked by user bitcoingg to post his username so he will be in the contest
and eligible for the Jackpot
August 10, 2015, 07:03:31 AM
how to hit the jackpot?
please visit our site and we will be glad to explain it to you.
thank you for the question
August 10, 2015, 06:37:33 AM
how to hit the jackpot?
August 10, 2015, 06:35:48 AM
August 10, 2015, 04:30:08 AM
thanks guys for joining another one of our generous promos
we dont know how long we will have those generous promos
so just do the maths and take advantage of them.
August 10, 2015, 01:44:51 AM
my username: horace0812
August 10, 2015, 12:25:22 AM
i join this,.
username : Cybernick
username : Cybernick
August 09, 2015, 06:05:25 PM
i'll join ^^
August 09, 2015, 04:20:09 PM
Could you please reduce the minimum wager? As I know you had done this before even without minimum wager. And the winner was krunox.
sorry but this was not the same promo and krunox wagered always 2 satoshi. it was a bot promo for bot players only.
please take a good look at the promo text. we started with 50k Sat upped it to 100k Sat
and to 200k Sat then to 500k Sat because there were no takers and then our tired totolino
made a mistake and upped it instead to 0.01 to 0.1 and we always want to be fair
to our users didnt change it and krunox was the lucky winner.
now please do the maths and you will see that the minimum wager we are asking is 2000 Satoshi is a generous wager to win a Prize of 0.1 and the jackpot that would be in case of a 2k Satoshi bet 0.0559872
and as we have also higher wagers then 2k Sat those players would be eligible for the
prize if the post their username in thread
imagine a user will go for the 0.02 promo and would be automatically also in the
Jackpot promo (but needs to post his username in thread) for the same 2k Sat bet
but thanks for the posting because feedback is always welcome
August 09, 2015, 03:55:17 PM
Could you please reduce the minimum wager? As I know you had done this before even without minimum wager. And the winner was krunox.
August 09, 2015, 03:44:56 PM
mate i dont know is it mistake or is it 0.01 but
u wrote :
regards.
-Katerniko1
u wrote :
Quote
Prize 0.01 BTC for the 1st who hits the Jackpot
so is it 0.1 or 0.01 ?regards.
-Katerniko1
thanks mate for the hint
August 09, 2015, 03:43:36 PM
A promotion for 0.1btc seems to be alot. I will try my luck at this.
Membership is free and only need to make initial deposit. I am in thanks for this offer.
Membership is free and only need to make initial deposit. I am in thanks for this offer.
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