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Topic: Just-Dice.com : now with added CLAMs : Play or Invest - page 234. (Read 454540 times)

full member
Activity: 182
Merit: 100
Swiss Money all around me!
I found your site very cool! Great features and a simple UI.

Your idea behind the "invest" part will be set by other gambling site in less than 2weeks, pretty sure!

But, it does nothing when I hit "H" or "L". Must I have more than the minimum bet in my balance?
legendary
Activity: 2940
Merit: 1330
Awesome job Dooglus! I played a bit while you were testing the site out, but since it's live now I've established my account. I'm not much for this kind of gambling, but I'm quite drawn to the investing aspect.

Side note - Are you going to maintain statistics on your own site (like SD)? Tongue

Heh, of course!  I want to have live charts on-site so you can see at a glance how your investment is doing, etc.

Not a priority though.  Currently if the site's hot wallet doesn't have enough coins for your withdrawal, it tells you to come back later - that's no good - it should set up a pending withdrawal request.  That seems more pressing to fix first.  Smiley
legendary
Activity: 2940
Merit: 1330
if you've set a password, have an option:  "Require password on withdraw"

I've added it to the (ever-growing) list of suggestions.  Thanks.  And thanks everyone for all the suggestions.  I'll get to them all eventually.
legendary
Activity: 2940
Merit: 1330
I got a question. I am not great at math, and I also don't understand everything about the house edge.

Since all bets return either 0% or 100% of the player's bet, how is there a house edge?
Or do they only make money from players' losses? That wouldn't be a house edge would it?

Take the 2x payout game for instance.  You have a 49.5% chance of winning.

If you play it 1000 times, you can expect to win 495 times and lose 505 times (on average, of course).

Each time you win, you profit 1 unit, and each time you lose, you lose 1 unit.

Over your 1000 plays you risk 1000 units and lose 505-495 = 10 units.

You've bet 1000 and lost 10.  That's 1%.  That's the house edge.

All the different chances to win work out the same way.  In the long run you lose 1% of everything you risk.  But in the short term you tend to do much better or much worse than that.

Just another example:  the 1-in-a-million game pays out 990,000x.

Play it a million times, win once.

You bet a million units, lost 1 unit 999,999 times and profited by 989,999 units once, for a net loss of 10,000 units.

10,000 is 1% of a million.  House edge: 1% again.
legendary
Activity: 1578
Merit: 1000
May the coin be with you..
1,000,000 bets reached!
legendary
Activity: 2940
Merit: 1330
Good game at your site. Your merging SDICE share and the SDICE site into one place and make it your product is a genius move Smiley Invested some and hope i have some profit on your site

lordsonkit (just if you want to tip me a bit Tongue )

Thanks!  Smiley

What's your userid?
legendary
Activity: 2940
Merit: 1330
Shit just got to work to log on to play a bit and it does not allow let the site run.  Its just grey no green or red.   Angry 

Well just have to invest during the day.

Lucky numbers show up as:
  * green when a bet is won,
  * red when you would have won if only you had picked the opposite bet (hi/lo)
  * grey when you couldn't win the game you played whatever you picked

Overnight almost all bets were trying for the 0.0001% game, and so almost all bets were showing up grey.  Could that be what you saw?
legendary
Activity: 2940
Merit: 1330
Actually this is pretty cool.

I know, right?  Smiley

Overnight a few players raced to see who could win the one-in-a-million bet first.  After hundreds of thousands of 1-satoshi bets vlees finally hit it, multiplying his satoshi by 990,000, winning slightly over a whole US dollar in the process!  Wink

https://just-dice.com/roll/708311
legendary
Activity: 1064
Merit: 1001
Awesome job Dooglus! I played a bit while you were testing the site out, but since it's live now I've established my account. I'm not much for this kind of gambling, but I'm quite drawn to the investing aspect.

Side note - Are you going to maintain statistics on your own site (like SD)? Tongue
full member
Activity: 196
Merit: 100
member
Activity: 92
Merit: 10
yet another suggestion:

if you've set a password, have an option:  "Require password on withdraw"

(have it be on by default, but users can disable it if they find it annoying)

I don't like the idea that someone could walk up to my computer while I'm away, and withdraw my coins to their own address. Or, if there was some cross-site scripting thingie that could steal my cookie.

Again, I know about google auth, but it is not an option for some people.
sr. member
Activity: 256
Merit: 250
CSGOBetGuide.com - Esports Gambling List
Ahh. Now I see. If I play at 50% I would have seen that. But I have been playing at 49.5% chance, which is less than 100% payout.

Clever.

at 50%, you get a payout of 1.98

at 49.5%, you get a payout of 2

see the difference?

That's correct, 1% house edge.
newbie
Activity: 46
Merit: 0
Ahh. Now I see. If I play at 50% I would have seen that. But I have been playing at 49.5% chance, which is less than 100% payout.

Clever.

at 50%, you get a payout of 1.98

at 49.5%, you get a payout of 2

see the difference?
newbie
Activity: 46
Merit: 0
Oh, so "house edge" is defined as:

THE CASINO WILL ALWAYS WIN


Now, just keep on betting. Who knows, you might strike it lucky  Grin (or lose it all over and over again)
sr. member
Activity: 256
Merit: 250
CSGOBetGuide.com - Esports Gambling List
I got a question. I am not great at math, and I also don't understand everything about the house edge.

Since all bets return either 0% or 100% of the player's bet, how is there a house edge?
Or do they only make money from players' losses? That wouldn't be a house edge would it?

It doesn't return 100% of the players bet, a small amount less.
vip
Activity: 756
Merit: 503
Oh, so "house edge" is defined as:

THE CASINO WILL ALWAYS WIN


If we flip a coin either side have the same odds to land = 1/2 or 1 time on 2.

If you pay me $1 when it land on face and I pay you $1 when it land on tail then there is no edge for both of us. After a large sample ~1000000+ play we should both be break-even.

Now if you pay me $1 when it land on face and I pay you $0.98 it land on tail then I have the advantage.

Over a large sample you will win $0.98 1 time on 2 and lose $1 1 time on 2.

Expected loss on your $1 bet is: ($0.98)(1/2) + (−$1)(1/2)= $0.01 or 1%

Over a large sample I will win 1% of the amount you bet against me.
newbie
Activity: 45
Merit: 0
I got a question. I am not great at math, and I also don't understand everything about the house edge.

Since all bets return either 0% or 100% of the player's bet, how is there a house edge?
Or do they only make money from players' losses? That wouldn't be a house edge would it?

wikipedia always gives us the answer: http://en.wikipedia.org/wiki/Casino_game
sr. member
Activity: 256
Merit: 250
CSGOBetGuide.com - Esports Gambling List
Good game at your site. Your merging SDICE share and the SDICE site into one place and make it your product is a genius move Smiley Invested some and hope i have some profit on your site

lordsonkit (just if you want to tip me a bit Tongue )

This site is a real big difference from satoshi dice, its more similar to some of the newer dice games.
hero member
Activity: 784
Merit: 1000
Casper - A failed entrepenuer who looks like Zhou
Good game at your site. Your merging SDICE share and the SDICE site into one place and make it your product is a genius move Smiley Invested some and hope i have some profit on your site

lordsonkit (just if you want to tip me a bit Tongue )
legendary
Activity: 2618
Merit: 1006
Why do you need admin rights to run Firefox Portable? Huh
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