Author

Topic: Just-Dice.com : Invest in 1% House Edge Dice Game - page 178. (Read 435353 times)

legendary
Activity: 2940
Merit: 1333
In some ways you're the worst casino operator I've ever seen. Stop tapping the tank!!

It's pretty funny, but I like it.  Smiley

I'm torn.  I want people to understand about probability and not be dumb about things, but I also want the site to be profitable.

I guess the traditional casino operator does everything he can to trick the player into playing.  I don't want to be that guy.
hero member
Activity: 700
Merit: 500
Lots of people use martingale betting on the site.  ...

Add a whole bunch of similar looking charts together and you get something like the site profit chart...

In some ways you're the worst casino operator I've ever seen. Stop tapping the tank!!

It's pretty funny, but I like it.  Smiley
sr. member
Activity: 294
Merit: 250
BTC --> ??? --> PROFIT
Martingale is probably popular with Bitcoin because (as a guess) those who use Bitcoin are probably more likely to be interested in following techniques etc (Showing the inner geek?) with the idea of reducing losses/turning a profit?.

Another reason may be that people can bet in very small amounts of money with Bitcoin, allowing those with smaller bankrolls to martingale.

The reality of Martingale is, if you do it enough - eventually you will deplete your bankroll BEFORE you win, as illustrated in the above chart.
legendary
Activity: 2940
Merit: 1333
What is that vertical jump in the profit line that occurred on the 12th, 15th, and 16th?

Someone losing a lot of bitcoins with just a few rolls of the dice.

Lots of people use martingale betting on the site.  They start by betting a very small amount relative to the bankroll they have available, and double their bet until they win.  So long as they win one roll before the doubling gets out of hand, they are guaranteed a small profit.  This happens over and over, with the player taking a small profit from the site very reliably, and the siite profits gradually go down.  This is balanced by players not using martingale betting, who gradually lose due to the house edge.

Eventually the martingale players hit 10 or 15 or whatever losses in a row, and lose their entire bankroll.  This shows up as a vertical jump in the profit chart.

Apparently this style of betting is particularly common when people play with Bitcoin, and I'm not sure why.

Here's a typical profit/loss chart of a single martingale player.  Thousands of small wins followed by a catastrophic loss that wipes out all previous wins:



Add a whole bunch of similar looking charts together and you get something like the site profit chart...
member
Activity: 74
Merit: 10
meanwhile in China. lol
Yay, free localization Smiley
hero member
Activity: 784
Merit: 1000
Casper - A failed entrepenuer who looks like Zhou
they have 10 Customer Service manager

doog plz
And they all sucks. doog and Deb are more friendly and efficient Smiley

I like how on the Chinese site the site profit is so low it's obvious the owners are cheating.

Is it still up? I get an error: http://i.imgur.com/f66hxSU.png
http://www.btc-dice.com/
 still up

They are limited max profit of 15BTC (1500BTC invested, and idk why lol)
hero member
Activity: 854
Merit: 500
they have 10 Customer Service manager

doog plz
And they all sucks. doog and Deb are more friendly and efficient Smiley

I like how on the Chinese site the site profit is so low it's obvious the owners are cheating.

Is it still up? I get an error: http://i.imgur.com/f66hxSU.png
hero member
Activity: 784
Merit: 1000
Casper - A failed entrepenuer who looks like Zhou
they have 10 Customer Service manager

doog plz
And they all sucks. doog and Deb are more friendly and efficient Smiley
hero member
Activity: 854
Merit: 500
they have 10 Customer Service manager

doog plz
hero member
Activity: 784
Merit: 1000
Casper - A failed entrepenuer who looks like Zhou
meanwhile in China. lol
Told you guys to beware of them. China guys copies everything Tongue

How much work did they have to do? It looks like they can just copy/paste the site design CSS, but they would have to remake the backend of the site.
They did the back end and much of them are buggy (I've bumped into a GAuth bug during some testing). And they have 10 Customer Service manager
hero member
Activity: 854
Merit: 500
meanwhile in China. lol
Told you guys to beware of them. China guys copies everything Tongue

How much work did they have to do? It looks like they can just copy/paste the site design CSS, but they would have to remake the backend of the site.
hero member
Activity: 656
Merit: 500
haha, that is ballsy
hero member
Activity: 784
Merit: 1000
Casper - A failed entrepenuer who looks like Zhou
meanwhile in China. lol
Told you guys to beware of them. China guys copies everything Tongue
legendary
Activity: 1764
Merit: 1000
meanwhile in China. lol
member
Activity: 77
Merit: 10

Didn't take long for a JD ripoff to pop up, copied in detail down to the cheerful and uplifting color scheme.
hero member
Activity: 784
Merit: 1000
0xFB0D8D1534241423
Man, most of those designs are horrible at low resolutions. You'd really want something that you could strip away the text and use as your favicon.ico.
hero member
Activity: 854
Merit: 1000
Bitcoin: The People's Bailout
What is that vertical jump in the profit line that occurred on the 12th, 15th, and 16th?

Someone losing a lot of bitcoins with just a few rolls of the dice.
member
Activity: 98
Merit: 10
Updated site profit charts:



What is that vertical jump in the profit line that occurred on the 12th, 15th, and 16th?
member
Activity: 102
Merit: 10
I posted this on the gamblers thread and was asked to post it here as well.

Just-Dice is having a logo contest. Feel free to check it out, offer your opinions, and create a logo if you like!

These are the polls I created for the new logo contest.

https://99designs.ca/logo-design/vote-5kzf93   First Poll

https://99designs.ca/logo-design/vote-m9ljcq   Second Poll

I can't add new designs to the polls, so will probably just make a new poll every day.


Here is the link to the page with all the designs.
https://99designs.ca/logo-design/contests/logo-wanted-dice-240815


Deb
legendary
Activity: 2940
Merit: 1333
Updated site profit charts:





Jump to: