Topic: ⚡MEGA MINER!⚡new CRYPTO SCRATCH CARD⚡Instant wins up to 2 BTC⚡Prov. Fair⚡8BET.io - page 64. (Read 17037 times)

UPDATE:

( Read my previous review HERE. )

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In the end, I managed to play through the 45 mBTC requirement and withdrew the initial investment + 33% profit.

Overall, this was the best casino I have been playing in recently. Thank you for the experience!

Should I not have needed to withdraw from all casinos because of extra pandemic expenses, I would have played more in this one.

Because it is not free money and it is a very common thing to have terms for such promo. You do not even need to risk anything for the promo, do you? So you cant complain if the requirement is hard because once you take the promo means that you should be ready for any terms of the promo.

but, it's hard to withdraw because we have to meet the requirement of the promo term.

UPDATE:

( Read my previous review HERE. )

As a community encouragement I am attaching a picture about my gains so far:

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Thank you very much, 8Bet!

In my previous reply, I was writing about some concerns, which you kindly addressed.
However, since I read your prompt reply and saw how expensive Bitcoin network became, I rather decided to play a bit more instead of withdrawal.

At least, now when I wish long live 8BET, you know that I mean it!  

You're welcome and thank you for the kind feedback. Congratulation on the wins 

Thank you very much, I had received 20 free spins of crypto-cowboys, 20 free spin of Egypt-sands, and 20 free spins of coinopolis. Look very interesting games I had played. and I got the winning 2 mBtc at the moment. thanks for your service.

Congratulations on your wins! 

I will try to answer your questions here.


It is not, actually. 45 mBTC in your case is just 15x playthrough on the deposit+match (total 3 x 15 = 45), as many regular players on this forum will tell you 15x is actually quite a low playthrough for a generous match bonus.

Also consider that with your balance of 4.61, that playthrough on roulette (the game you chose to play) or any other is gone through within minutes of normal play. This is less than 100 spins at 0.5 mBTC per spin for example, or 200 at half that.

Let me also do the calculations for you and show why even this 45 mBTC playthrough puts you as the player at an advantage.
I see you choose roulette as your game of choice, so we can use that as the example. The house edge on roulette is 2.7% as you can find quite easily (eg. on Wikipedia https://en.wikipedia.org/wiki/Roulette#House_edge).

So wagering 45 mBTC on Roulette at a 2.7% house edge means that the expected loss (on average) would be 45 x 2.7% = 1.215 mBTC
Therefore your expected balance (on average) after completing the playthrough should be 4.61 - 1.215 = 3.395 mBTC, which is well more than double what you deposited!

I say "on average" because of cause this can be up or down over a single player or session, but on average over many spins, the expected house edge is 2.7% (and our roulette is of course provably fair so it is enforced by mathematics and cryptography that the game cannot be tampered with by either player or system).

I can also demonstrate that in the general case of every 1.5 mBTC deposited which gets a 100% match of 1.5 mBTC promo, that the expected balance at the end of completing playthrough of 45 mBTC will be 3 - 1.125 = 1.875 (a profit of 0.375 ie. 25% profit on every 1.5 mBTC deposited).

So you see, in fact the 45 mBTC (15x playthough) is not actually that much, and it actually is expected to give a 25% PROFIT overall on average.


As I showed above, this promo is already geared to the player advantage at a 25% profit even with playthrough.

But of course, if you have second thoughts about taking the promotion please speak to our colleagues on the chat system when logged in, and ask them to remove the promo and winnings, and you can withdraw your deposit.

You must understand that it is just unconscionable to just allow players to withdraw the deposit and promo without playing some games, else every person would just deposit, get double their money and withdraw double. That is just a way to kill the site very quick! Ha Ha 
And this is why playthrough exists.


As I say, please mention to our colleagues on chat that you have second thoughts and want to remove the promo, and they will do the needed to make sure you can withdraw your deposit immediately.

UPDATE:

( Read my previous review HERE. )

I confirm that it is possible to win on the website.

In truth, I managed to increase my balance with over 200% including promotion from 1.5 mBTC to 4.61 mBTC now:

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At the withdrawal, to put it straight, I feel a bit uncomfortable with the 45 mBTC playthrough requirement.
I do not say that the system is not fair, the playthrough requirement is surely there with good reason.
Reason also makes me tell my opinion honestly: there is uncomfortable difference in scale between a 1.5mBTC deposit and a 45 mBTC playthrough requirement just to be able to make any withdrawal, at all.



Such an experience can make the user feel "trapped".

- Isn't 45 mBTC playthrough a bit too much compared to a 1.5mBTC deposit?
- Isn't it possible to disclaim some of the gains, e.g.: pay back the promotion amount and withdraw earlier?
- How else can the user move his / her deposit out of the website as soon as possible?

Best of luck! 

PM me your account name at 8BET and I'll see if we can get some Free Spins and promos sent to your account - you can give the slots and roulette a try, scratch cards too.

So far, I got 1 correct lotto ball at the moment. and today I got my second claimed. Seem the user can claiming 1 free ticket every 8 hours.

there is a very very lucky guy who got 1 BTC by playing a free lotto ticket.

Yes, you can play the free lotto daily as well as any other bonus. You don't have to make a deposit in order to get free lotto tickets (free forever).


There have been some big wins, over 1 BTC and some even won many BTC in a single day (not just lotto, playing slots and roulette too).

Yes, we've had hundreds of winners hitting 4+ balls in the lotto. Maybe we will ask any winners who hit 4+ balls to post on here, or we can get permission from them to post their results plus the blockchain transaction of their cashout payment 

you will cancel anything, Does such a bonus win?

with 0 confirmation indirectly you inviting abuse come to your site.

good to see you had to monitor all transactions.

are there Free lotto can playing free daily or it just my registers bonus?

so far, had anyone got the winning more than 4 balls-6 balls or 1 BTC?

The gambling licence question is a very interesting one, quite a discussion.

In fact, it is something of a philosophical debate in our particular case, as our strategy has been from the start to only provide games which are provably fair, that is they can be 100% proved that the result is fair and not possible to be tampered with by either the player or the server in any way. In this way, we use cryptography, mathematics and the blockchain (the Bitcoin blockchain in the case of our provably fair lottery games) to provide absolute trust in the fairness of the game.

A gambling licence is needed for "custodial" type games, where some casino provider has full control of the outcome of the game (so the games aren't provable with maths/crypto) - so to trust that casino provider, a gambling licence test center tests the games and reviews system (to the degree possible) and then a licence is issued to say "yes, in our opinion these games are fair".

Now, is such an opinion necessary in the case of provably fair games, when any and every person on the internet is able to verify the fair outcome of each game using the tools and explanation provided?

So the questions is something more like the debate of fiat vs crypto in fact  - one is centralized and corporate/government controlled, while the other is decentralized and the trust is in the mathematics of cryptography ("vires in numeris").

License has nothing to do with trust if you ask me, there are some trusted casinos in this forum while they have no licenses.
Trust is given by customers not earned by the casinos by having licenses.
I can even say that most crypto casinos were not licensed in the past and the fact is that they can build their trust without licenses.

A gambling license is very important. For carrying out the gambling activities, but also for the trust and safety of the customers. Customers are more likely to sign up on a site that has a recognized gambling license than a site without a license. It may take some time and money, but in the long run it will certainly pay off.

great to see that you are active again in your thread here. such abuse will always be there and there will be users that will try to take advantage of such feature. this is the reason why sometimes you will see complaints from users who thought they were screwed by the site but it is the other way around.
by the way, with almost 3 years that you launched your casino in this forum, by any chance are you working on your gambling license? because with tough competition, this will be your one edge for players to trust the site. at least for those new players.

Yes, they still have both the bonus and the deposit amount (even cancelled) to play with.

Yes, we are aware of the potential of a transaction never confirming (as you describe, and also with double-spend "exploits"). And yes, we have had some unscrupulous users attempting to take advantage of this.

The way we avoid loss is to make a check at the time of withdrawal to ensure that all that user's deposits have had 4 or more confirmations before the withdrawal funds are sent back to their wallet. This we have found (and had positive feedback) is the best balance between giving access to the user's deposit immediately, and preventing dishonest individuals from stealing from the system.

Thank you for your feedback!!

If the user cancels the transaction using RFB and promo had credited, are they still available playing the bonus?. are you have time for monitoring all transactions?. you must to know Electrum wallet had a feature for canceling transaction (0 confirmation)

Welcome to 8BET 

Yes, deposits are credited immediately (0 confirms) and the promo/bonus is also added automatically (together with the deposit).

Have fun, and reach out to us here or through the in-site chat if you have any questions. Best of luck!