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Topic: MegaDice - Play Instant Bitcoin Dice & Be Part of the Bankroll - page 8. (Read 34684 times)

hero member
Activity: 672
Merit: 500
How many confirmations does this site take for investors ?
and how the heck do I get a password in there ?

http://i.imgur.com/rbeB1Yv.png

That stalls on Firefox and just spins and spins and spins on Chrome... Spinning and spinning
---------------

So I look on the Slots page and there is money there, but I have no idea or way to get it out.
I can't set a password in any browser and only the slots page show me having any money.. Man never ever again
hero member
Activity: 770
Merit: 500
Has anybody here made investments ?
How much did you make and how did it go ? If you can could you put a number on the % returned each day ?
member
Activity: 89
Merit: 10
Guess it just to continue to play now then. Anyone having trouble or lost BTC´s afterwards?
newbie
Activity: 63
Merit: 0
is the DDoS attack over now, is the site safe to use?

Yes it's over, and even if it would start again, we have powerful hardware DDoS protection setup!

Finnaly, well done!
member
Activity: 105
Merit: 10
more than 5000 BTC, I would not have imagined when I started playing on Satoshi Dice.
sr. member
Activity: 392
Merit: 250
SatoshiDice.com
Current bankroll: 5166.86843269 BTC which is about 2,066,000 EUR at 400 EUR/BTC
full member
Activity: 129
Merit: 100
Satoshi Dice Support
CURRENT BANKROLL:
4971.60283588 BTC

We're getting close to 5000 BTC bankroll  Smiley

Congrats on 5102.19913406 BTC Bankroll Smiley

I know this is less than the amount JD had invested before they started using the CLAM altcoin stuff. But perhaps as much in dollar value? Are there sites with bigger amounts invested?

Dooglus probably knows how much JD investments were at the peak. It's possible to see in this JD blog: http://just-dice.blogspot.com/2014/06/investment-amounts-22-june-2014.html

Seems last BTC investment amount on JD before they stopped was when Bitcoin was worth around $600 22 June 2014.

Investor amounts according to that blog mentioned above = 53279.64519176

53279.64519176 * 600 = 31,967,787 USD
member
Activity: 119
Merit: 10
CURRENT BANKROLL:
4971.60283588 BTC

We're getting close to 5000 BTC bankroll  Smiley

Congrats on 5102.19913406 BTC Bankroll Smiley

I know this is less than the amount JD had invested before they started using the CLAM altcoin stuff. But perhaps as much in dollar value? Are there sites with bigger amounts invested?
member
Activity: 98
Merit: 10
CURRENT BANKROLL:
4971.60283588 BTC

We're getting close to 5000 BTC bankroll  Smiley

Congrats on 5102.19913406 BTC Bankroll Smiley
full member
Activity: 129
Merit: 100
Satoshi Dice Support
CURRENT BANKROLL:
4971.60283588 BTC

We're getting close to 5000 BTC bankroll  Smiley
full member
Activity: 129
Merit: 100
Satoshi Dice Support
Having connection issues. The site doesn't load most of the time, but isitdownrightnow says it's up and my investment has been growing the last couple days so it is obviously active.

Can you please PM your IP number and we'll see if it's in the firewall!
legendary
Activity: 1008
Merit: 1010
CryptoTalk.Org - Get Paid for every Post!
thanks for sharing this awesome tips, looks like good one, i will try it soon!
legendary
Activity: 2268
Merit: 1278
Having connection issues. The site doesn't load most of the time, but isitdownrightnow says it's up and my investment has been growing the last couple days so it is obviously active.
full member
Activity: 129
Merit: 100
Satoshi Dice Support
Average bet size doesn't really say much because one highroller betting 20 coins amounts to 20,000,000 minimum size bets,


ah, yes. I see that now.

Profit has actually been higher than expected value and the bigger the biggest bets are, the bigger likelihood of the actual profit differing from the EV. For expected profit just put total bet amount x 0.019... Total wagered is available in the global stats API call.


the total wagered from that dicesites.com is clearly wrong given it is little more then the amount won (they apparently show total won + profit; it ignores the total amount that was bet and lost (except for the profit)) (plus it shows the data available on your site that starts in 5/11/14, yet gives the start date of 18/04/12; which from an investor POV is deceivingly very unflattering; it would make one think that the wagered and profit of the last year and 3 months was actually spread out over the life time of the site; and thus RoI per year would be much less (roughly 1/3)).

 the total wagered can easily be calculated from 2 stats on your site, total won and profit: as I explained before, "total wagered=total won+total loss=total won + (total won + profit)= ~202342" (currently is about 203518);   this is because obviously total wagered is total won + total lost (there are no ties correct?) and total lost is equal to the amount that was won plus the profit cause that's the only way the profit could be what it is. you understand this, yes?

thus: total bet amount x 0.019 is 3866.842. 1586  less then the actual profit of 2280, like I said actual profit is about 60%(59%) of expected.

anyway, maybe this is perfectly reasonable variance IDK; although if I were you as a casino I would like to know what the variance and standard deviation is for the games on my casino.


Where do you get the total loss from? Of the total wagered, some rolls win and some lose. From what has been wagered, 0.019 is expected to be taken off from bet payouts as profit. We provide the total wagered amount and house edge is accomplished by taking a sum off winning rolls' payout.

Payout: ( betAmount * (65535+1) / numberToRollUnder ) * ( 100 - 1.9 )

Total bet amount as seen in the API: 104469.02610966

104469.02610966 * 0.019 = Expected house profit = 1984.911

Actual profit: bets 104469.02610966 - wins 102119.66460453 = 2349.36150513

From the house's perspective, the EV is the same no matter the bet size, but players can place more bets with low probability before running out because profit is taken from payouts and if payouts occur less often, it takes longer for the player to run out of funds (on average).

I also see that the current stats include (or ignore) slot game rounds as session game rounds. EV on those is slightly higher for the house, and they are credited to investors. I will make the global stats API call give more data about this.
full member
Activity: 129
Merit: 100
Satoshi Dice Support
is the DDoS attack over now, is the site safe to use?

Yes it's over, and even if it would start again, we have powerful hardware DDoS protection setup!
newbie
Activity: 35
Merit: 0
is the DDoS attack over now, is the site safe to use?
newbie
Activity: 3
Merit: 0
Average bet size doesn't really say much because one highroller betting 20 coins amounts to 20,000,000 minimum size bets,


ah, yes. I see that now.

Profit has actually been higher than expected value and the bigger the biggest bets are, the bigger likelihood of the actual profit differing from the EV. For expected profit just put total bet amount x 0.019... Total wagered is available in the global stats API call.


the total wagered from that dicesites.com is clearly wrong given it is little more then the amount won (they apparently show total won + profit; it ignores the total amount that was bet and lost (except for the profit)) (plus it shows the data available on your site that starts in 5/11/14, yet gives the start date of 18/04/12; which from an investor POV is deceivingly very unflattering; it would make one think that the wagered and profit of the last year and 3 months was actually spread out over the life time of the site; and thus RoI per year would be much less (roughly 1/3)).

 the total wagered can easily be calculated from 2 stats on your site, total won and profit: as I explained before, "total wagered=total won+total loss=total won + (total won + profit)= ~202342" (currently is about 203518);   this is because obviously total wagered is total won + total lost (there are no ties correct?) and total lost is equal to the amount that was won plus the profit cause that's the only way the profit could be what it is. you understand this, yes?

thus: total bet amount x 0.019 is 3866.842. 1586  less then the actual profit of 2280, like I said actual profit is about 60%(59%) of expected.

anyway, maybe this is perfectly reasonable variance IDK; although if I were you as a casino I would like to know what the variance and standard deviation is for the games on my casino.
full member
Activity: 129
Merit: 100
Satoshi Dice Support
thanks for the updates.

(just a note, the text still says 7.7 whereas it should say 7.5)
I just fixed this, thanks.

regarding:

"House profit" is profit taken from bets minus wins (1.9% edge). So the amount being paid to investor's is half of this (can be considered 0.95% edge)

that means the house profit is quite alot lower then I would expect. according to my calculations this means there is only an effective house profit of about 1.13% instead of the expected 1.9% (it's about 60% of 1.9%). I know variance, but after more then 255'000'000 bets this is extremely low! the standard deviation after this many bets with the average bet of 0.0008btc is only 12.669btc; yet the current deviation is of 1556btc; that is 123 deviations! that odds of that are practically zero. so either a lot of people are betting big and when in the positive never betting again thus taking a significant portion of expected profits away, or something more fishy is going like the possibility I mentioned of someone with access to the server seed making sure-winning bets.  it's just because as an investor this means the annual rate of return has been about 18% instead of the expected 33% that would come from a 1.9% (0.95% for the investor) house profit. for such a risky investment as this, 18% doesn't seem all that much, whereas 33% would seem more appropriate.

my calculations were as follows:

total wagered=total won+total loss=total won - (total won + profit)= ~202342
effective house edge=effective profit/total wagered=~1.13%
average bet=total wagered/number of bets=~0.0008
standard deviation=2*averagebet*sqrt(#bets*probability of winning*probability of losing)=~12.669btc
current deviation=expected profit-effective profit=(total wagered*1.9%)-2288=1556btc

care to comment/explain or check my calculations/logic? how does something that a priori has a practically infinitesimal probability of occurring (123 standard deviations) occur? can big players that stop betting altogether after being in the positive really account for such a huge deviation? if so, I would like to understand how, why or some source, cause to me that seems extremely unlikely given what is known of gamblers and casinos.


Average bet size doesn't really say much because one highroller betting 20 coins amounts to 20,000,000 minimum size bets, and those min bets are by far the most common amount. I think you are trying to make a too complicated formula. Profit has actually been higher than expected value and the bigger the biggest bets are, the bigger likelihood of the actual profit differing from the EV. For expected profit just put total bet amount x 0.019... Total wagered is available in the global stats API call. Dicesites.com has great presentation of the stats.

full member
Activity: 129
Merit: 100
Satoshi Dice Support
Could you not automatically ban IPs that are connecting with a secret key that leads to an account with any amount of btc in it? I think is perfectly reasonable to assume that people trying to access their own bitcoins are not the ones behind the ddos.

Yes this makes sense, but I'm not sure we can configure the DDoS protection to do this very easily. We're getting some false positives but are working on it.
newbie
Activity: 3
Merit: 0
thanks for the updates.

(just a note, the text still says 7.7 whereas it should say 7.5)

regarding:

"House profit" is profit taken from bets minus wins (1.9% edge). So the amount being paid to investor's is half of this (can be considered 0.95% edge)

that means the house profit is quite alot lower then I would expect. according to my calculations this means there is only an effective house profit of about 1.13% instead of the expected 1.9% (it's about 60% of 1.9%). I know variance, but after more then 255'000'000 bets this is extremely low! the standard deviation after this many bets with the average bet of 0.0008btc is only 12.669btc; yet the current deviation is of 1556btc; that is 123 deviations! that odds of that are practically zero. so either a lot of people are betting big and when in the positive never betting again thus taking a significant portion of expected profits away, or something more fishy is going like the possibility I mentioned of someone with access to the server seed making sure-winning bets.  it's just because as an investor this means the annual rate of return has been about 18% instead of the expected 33% that would come from a 1.9% (0.95% for the investor) house profit. for such a risky investment as this, 18% doesn't seem all that much, whereas 33% would seem more appropriate.

my calculations were as follows:

total wagered=total won+total loss=total won + (total won + profit)= ~202342
effective house edge=effective profit/total wagered=~1.13%
average bet=total wagered/number of bets=~0.0008
standard deviation=2*averagebet*sqrt(#bets*probability of winning*probability of losing)=~12.669btc
current deviation=expected profit-effective profit=(total wagered*1.9%)-2288=1556btc

care to comment/explain or check my calculations/logic? how does something that a priori has a practically infinitesimal probability of occurring (123 standard deviations) occur? can big players that stop betting altogether after being in the positive really account for such a huge deviation? if so, I would like to understand how, why or some source, cause to me that seems extremely unlikely given what is known of gamblers and casinos.
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