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Topic: MintDice Bitcoin Casino - SportsBook & Provably Fair Games - page 25. (Read 35066 times)

legendary
Activity: 2296
Merit: 2721
When considering the house edge and how the casino is making a profit for both themselves and the investors you need to realize gambling is not to make money but to have fun. That is why I have been gambling for YEARS now and never been disappointed because I have a limit that I put to myself and never break that which means I have fun but never feel sad when I lose.

Are you sure that you are gambling only for the purpose of having fun, because actually the people gambling here have a lot to make money. Well maybe you can say to the public that you are aiming for fun, but your heart is different, that is for money. If it's just for fun in a gambling game, why do we have to bet with risk can't we play without money and have fun?
I am one of those people who play only for the fun, too. I seldomly deposit any money, I usually play with earnings from faucets or free rolls or earnings from signature campaigns. Of course I really enjoy it when I win some money but I also know that only the casino is making real money in the long run.
I would never play games without money because the thrill is completly gone and you just stupidly hit the "roll" button as often as you want to.
full member
Activity: 882
Merit: 126
★777Coin.com★ Fun BTC Casino!
When considering the house edge and how the casino is making a profit for both themselves and the investors you need to realize gambling is not to make money but to have fun. That is why I have been gambling for YEARS now and never been disappointed because I have a limit that I put to myself and never break that which means I have fun but never feel sad when I lose.

Are you sure that you are gambling only for the purpose of having fun, because actually the people gambling here have a lot to make money. Well maybe you can say to the public that you are aiming for fun, but your heart is different, that is for money. If it's just for fun in a gambling game, why do we have to bet with risk can't we play without money and have fun?
Don't confuse with investors and gamblers,investors are here only for money but the ROI is realistic value and alsmost guaranteed when we invest on the reputed gambling site but while gambling even people expect to win they are going to lose more times than their wins this is why house is in profits even if they pay huge amount as rewards.
legendary
Activity: 2212
Merit: 1008
When considering the house edge and how the casino is making a profit for both themselves and the investors you need to realize gambling is not to make money but to have fun. That is why I have been gambling for YEARS now and never been disappointed because I have a limit that I put to myself and never break that which means I have fun but never feel sad when I lose.

Are you sure that you are gambling only for the purpose of having fun, because actually the people gambling here have a lot to make money. Well maybe you can say to the public that you are aiming for fun, but your heart is different, that is for money. If it's just for fun in a gambling game, why do we have to bet with risk can't we play without money and have fun?
legendary
Activity: 2464
Merit: 1102
The ability to control emotion and greediness is the determinant thing to help people don't lose all of their funds because of gambling. It is true for gambling as well as trading. For serious traders who seriously think that trading is their daily lives and bring vital daily income for them and their families, they don't take too high risks that in turn might put them and their funds under potential liquidations.

It is the same for gambling. Serious and wise gamblers identify at the start that how much funds they afford to lose for gambling. Besides that they identify at beginnings that even in worst cases (when they lose control of emotion, greediness and with very bad luck) they will lose all their funds for gambling but they still have most of their assets to live and move forwards.
Knowing limits is not really "emotional" anymore, it is literally mathematical. At the end of the day, there is literally no way you could make a profit in the long term when you are gambling, which means you would have to be an idiot to think you can find a "method" for making money here. There is none, the only thing that can change is whether you can lose all your money very quickly or it may take some time to lose it.

When considering the house edge and how the casino is making a profit for both themselves and the investors you need to realize gambling is not to make money but to have fun. That is why I have been gambling for YEARS now and never been disappointed because I have a limit that I put to myself and never break that which means I have fun but never feel sad when I lose.
legendary
Activity: 1372
Merit: 1027
Dump it!!!
There are different type of gamblers that rest of gamblers can't just understand forever. No real gambler would play to win money, of course if it is poker or any other game where you "gamble" against another person that would be understandable and I get that.

However, if you are gambling against the house that means you will lose your money, it doesn't matter if it is 1% or 10% but you WILL lose your money, that is how casinos work and that is how they make their money, sure there are times you get lucky and hit a big win and you can leave to stay profitable but in the long term house will take your money no matter what the house edge is. So, what you can do is to just enjoy the game, just have fun and get the most entertainment out of the casino as you can which means house edge doesn't matter.
The ability to control emotion and greediness is the determinant thing to help people don't lose all of their funds because of gambling. It is true for gambling as well as trading. For serious traders who seriously think that trading is their daily lives and bring vital daily income for them and their families, they don't take too high risks that in turn might put them and their funds under potential liquidations.

It is the same for gambling. Serious and wise gamblers identify at the start that how much funds they afford to lose for gambling. Besides that they identify at beginnings that even in worst cases (when they lose control of emotion, greediness and with very bad luck) they will lose all their funds for gambling but they still have most of their assets to live and move forwards.
Its always been the case that if you don't know your limits and how to gamble or control yourself then maybe these people in this situation should re-evaluate their actions and reflect on their true situation. And in simple terms, if you can't afford to lose then stay away.
legendary
Activity: 2310
Merit: 4085
Farewell o_e_l_e_o
There are different type of gamblers that rest of gamblers can't just understand forever. No real gambler would play to win money, of course if it is poker or any other game where you "gamble" against another person that would be understandable and I get that.

However, if you are gambling against the house that means you will lose your money, it doesn't matter if it is 1% or 10% but you WILL lose your money, that is how casinos work and that is how they make their money, sure there are times you get lucky and hit a big win and you can leave to stay profitable but in the long term house will take your money no matter what the house edge is. So, what you can do is to just enjoy the game, just have fun and get the most entertainment out of the casino as you can which means house edge doesn't matter.
The ability to control emotion and greediness is the determinant thing to help people don't lose all of their funds because of gambling. It is true for gambling as well as trading. For serious traders who seriously think that trading is their daily lives and bring vital daily income for them and their families, they don't take too high risks that in turn might put them and their funds under potential liquidations.

It is the same for gambling. Serious and wise gamblers identify at the start that how much funds they afford to lose for gambling. Besides that they identify at beginnings that even in worst cases (when they lose control of emotion, greediness and with very bad luck) they will lose all their funds for gambling but they still have most of their assets to live and move forwards.
full member
Activity: 882
Merit: 126
★777Coin.com★ Fun BTC Casino!
Agrees that number of games is not really important,the best example could be bustadice they are literally new compared to other rival casino sites but still managed to pick top spot on dice gambling sites on the other hand people may interested if there is multiple games available at single game so they no need to register new site for every games.

I remember that mintdice team is developing a game which is not available on any gambling sites yet so this could be a game changing point for mintdice.

That is strange,,, I thought bustadice was an old name. I myself play at yolodice and there is a different look and feel there, based a lot on simplicity of dice and straightforwardness of play.

And you have sites like freebitcoin that only do dice also, but they have other interesting mutual sports. So yes,,, you do not need a lot of games if you are good at some.

Mintdice is another who understands this. All the competition is good for us!
AFAIK,bustadice was created in 2017's later part correct me if I am wrong,now it is one of most reputed site and I feel mintdice also will be one among the top casino in the next year if they keep on doing good things with no issues.

Yes more competition means better gambling experience for the players.
legendary
Activity: 3654
Merit: 1165
www.Crypto.Games: Multiple coins, multiple games
House edge has never been really an important issue for anyone who gambles, a real gambler knows that it doesn't matter if the house edge is 1% or 10% because in the end you are going to lose the money to casino if you gamble long enough. The only possible way of making money gambling is either gambling on skill based games like poker or you could play dice type of house edge games but bet all-in and hope you will win and get out if you win without betting again.

If you keep gambling the house edge (doesn't matter if 1 or 10 or 50) will eat it up, the number only changes the speed you are losing the money. Sure, a sector average 1% would be a lot better and I would support that as well but it wouldn't change THAT much on the website, just a small part.

I wonder what kind of "real gambler" who does not care about house edge? Indeed, the longer you play the higher chance you'll lose your money but if there is a gambler who do not care between 1% or 10% house edge especially for the same type of game then I can say that he/she is not a real gambler but dumb gambler. House edge will always be one of the most important things to consider by gamblers imho.
There are different type of gamblers that rest of gamblers can't just understand forever. No real gambler would play to win money, of course if it is poker or any other game where you "gamble" against another person that would be understandable and I get that.

However, if you are gambling against the house that means you will lose your money, it doesn't matter if it is 1% or 10% but you WILL lose your money, that is how casinos work and that is how they make their money, sure there are times you get lucky and hit a big win and you can leave to stay profitable but in the long term house will take your money no matter what the house edge is. So, what you can do is to just enjoy the game, just have fun and get the most entertainment out of the casino as you can which means house edge doesn't matter.
hero member
Activity: 2338
Merit: 953
Temporary forum vacation
Agrees that number of games is not really important,the best example could be bustadice they are literally new compared to other rival casino sites but still managed to pick top spot on dice gambling sites on the other hand people may interested if there is multiple games available at single game so they no need to register new site for every games.

I remember that mintdice team is developing a game which is not available on any gambling sites yet so this could be a game changing point for mintdice.

That is strange,,, I thought bustadice was an old name. I myself play at yolodice and there is a different look and feel there, based a lot on simplicity of dice and straightforwardness of play.

And you have sites like freebitcoin that only do dice also, but they have other interesting mutual sports. So yes,,, you do not need a lot of games if you are good at some.

Mintdice is another who understands this. All the competition is good for us!
legendary
Activity: 3066
Merit: 1312
House edge has never been really an important issue for anyone who gambles, a real gambler knows that it doesn't matter if the house edge is 1% or 10% because in the end you are going to lose the money to casino if you gamble long enough. The only possible way of making money gambling is either gambling on skill based games like poker or you could play dice type of house edge games but bet all-in and hope you will win and get out if you win without betting again.

If you keep gambling the house edge (doesn't matter if 1 or 10 or 50) will eat it up, the number only changes the speed you are losing the money. Sure, a sector average 1% would be a lot better and I would support that as well but it wouldn't change THAT much on the website, just a small part.

I wonder what kind of "real gambler" who does not care about house edge? Indeed, the longer you play the higher chance you'll lose your money but if there is a gambler who do not care between 1% or 10% house edge especially for the same type of game then I can say that he/she is not a real gambler but dumb gambler. House edge will always be one of the most important things to consider by gamblers imho.
legendary
Activity: 2898
Merit: 1006
Leading Crypto Sports Betting & Casino Platform
House edge has never been really an important issue for anyone who gambles, a real gambler knows that it doesn't matter if the house edge is 1% or 10% because in the end you are going to lose the money to casino if you gamble long enough. The only possible way of making money gambling is either gambling on skill based games like poker or you could play dice type of house edge games but bet all-in and hope you will win and get out if you win without betting again.

If you keep gambling the house edge (doesn't matter if 1 or 10 or 50) will eat it up, the number only changes the speed you are losing the money. Sure, a sector average 1% would be a lot better and I would support that as well but it wouldn't change THAT much on the website, just a small part.
You says might be true that the gamblers can usually accept the house edge for each casinos and they seems not too complaining about this because as long they can gamble regularly and maybe won then it will be enough for them but nothing wrong if someone asking about house edge and it could be more good if the gamblers playing at the casinos which have low of house edge but mintdice have normal house edge from 1% - 3% for each games so i think it should not too bothering
legendary
Activity: 2464
Merit: 1102
House edge has never been really an important issue for anyone who gambles, a real gambler knows that it doesn't matter if the house edge is 1% or 10% because in the end you are going to lose the money to casino if you gamble long enough. The only possible way of making money gambling is either gambling on skill based games like poker or you could play dice type of house edge games but bet all-in and hope you will win and get out if you win without betting again.

If you keep gambling the house edge (doesn't matter if 1 or 10 or 50) will eat it up, the number only changes the speed you are losing the money. Sure, a sector average 1% would be a lot better and I would support that as well but it wouldn't change THAT much on the website, just a small part.
legendary
Activity: 1372
Merit: 1027
Dump it!!!
You don't really need to have a sportsbook to be competitive.

You can add multiple casino games instead of sportsbook until it comes to that, however eventually that is the big difference so even if you add like 10 casino games on mintdice, eventually you will have to add sportsbook so why not add it at first instead of trying to add it later on.

When mintdice first started I wasn't expecting this much attention, it wasn't anything special, sure it was a good website and a casino but I thought "well they are running a legit business without scamming anyone, that is at least something" and didn't realized how much important that is, people are really looking for decent websites that won't scam them so anything mintdice adds (casino, sportsbook, library, television shows, medical examination, usual stuff) all will be liked because we all trust the owner.

Thanks a lot Bitgolden, nice thing to say Smiley
And yes, our only goal is to provide a very high quality, fair and trustworthy platform, nothing short of this.


So far only 4 popular games available but are there Any news on when the next game in line, Pyramid is going to be launched and become available to play?

There was a very big internal set back with the game earlier which delayed the launch but it's being worked on rather diligently and should be ready for backend testing soon enough. For any update we have for this game, this Bitcointalk thread will be the first to know.

So far only 4 popular games available but are there Any news on when the next game in line, Pyramid is going to be launched and become available to play?
Stay tune, no announcement yet from them but I think they're working on it right now.

You don't really need to have a sportsbook to be competitive.

You can add multiple casino games instead of sportsbook until it comes to that, however eventually that is the big difference so even if you add like 10 casino games on mintdice, eventually you will have to add sportsbook so why not add it at first instead of trying to add it later on.
They doesn't have to compete with other sportsbook. As much as they see the market for bookies is big, they want to try it and check if it will click since most of the bettors are also looking for a better place to bet like in sports betting.

they do have to compete , same as they compete with other casinos
you don't open a business just to try it out , you want to make profit and to do that you must know the market
the sportsbook market is stacked same as the bitcoin casinos market , but there are much fewer really good no KYC crypto sportsbooks with decent odds


It's very difficult to run a no-KYC sportsbook because this can lead to many difficult outcomes for the house. How exactly we are going to approach the sportsbook has yet to be determined. For the most part, for the time being, we are mostly working on getting situated with the proper provider and working on early development. We'll have better information about this product in 2020.


Adding any game would increase your revenue, it is simply marketing in disguise of a new game, there is a house edge and that house edge is mostly same everywhere and you get to play that with different games to have more fun.

Let's say you make a dice game, it is 1% house edge and you found people that gambles 10 btc a day on that dice, you then add slots and it has 1% house edge too (all depends on what you make house edge) and suddenly you have 15 btc, to you it is both just machines with 1% house edge for the casino but for the gamblers it is different game that could somehow give different results which is not true but gamblers like to change games when it gets too hot.

Finally, sportsbook is just another marketing where casino is destined to win but gives a different method of losing to gamblers.

That's not entirely true, it is possible to win money from a sportsbook in the long term if you are skilled enough. But you are right that having more games/offerings gives us more visibility and is a form of marketing. And of course we'll do everything we can to be a high quality website Smiley
Having said that you'd do everything within your power to maintain the quality of the website it might be worth reducing the house edge - just a useful suggestion which in my opinion will help increase traffic and lead to more loyal customers
hero member
Activity: 1328
Merit: 563
MintDice.com | TG: t.me/MintDice
You don't really need to have a sportsbook to be competitive.

You can add multiple casino games instead of sportsbook until it comes to that, however eventually that is the big difference so even if you add like 10 casino games on mintdice, eventually you will have to add sportsbook so why not add it at first instead of trying to add it later on.

When mintdice first started I wasn't expecting this much attention, it wasn't anything special, sure it was a good website and a casino but I thought "well they are running a legit business without scamming anyone, that is at least something" and didn't realized how much important that is, people are really looking for decent websites that won't scam them so anything mintdice adds (casino, sportsbook, library, television shows, medical examination, usual stuff) all will be liked because we all trust the owner.

Thanks a lot Bitgolden, nice thing to say Smiley
And yes, our only goal is to provide a very high quality, fair and trustworthy platform, nothing short of this.


So far only 4 popular games available but are there Any news on when the next game in line, Pyramid is going to be launched and become available to play?

There was a very big internal set back with the game earlier which delayed the launch but it's being worked on rather diligently and should be ready for backend testing soon enough. For any update we have for this game, this Bitcointalk thread will be the first to know.

So far only 4 popular games available but are there Any news on when the next game in line, Pyramid is going to be launched and become available to play?
Stay tune, no announcement yet from them but I think they're working on it right now.

You don't really need to have a sportsbook to be competitive.

You can add multiple casino games instead of sportsbook until it comes to that, however eventually that is the big difference so even if you add like 10 casino games on mintdice, eventually you will have to add sportsbook so why not add it at first instead of trying to add it later on.
They doesn't have to compete with other sportsbook. As much as they see the market for bookies is big, they want to try it and check if it will click since most of the bettors are also looking for a better place to bet like in sports betting.

they do have to compete , same as they compete with other casinos
you don't open a business just to try it out , you want to make profit and to do that you must know the market
the sportsbook market is stacked same as the bitcoin casinos market , but there are much fewer really good no KYC crypto sportsbooks with decent odds


It's very difficult to run a no-KYC sportsbook because this can lead to many difficult outcomes for the house. How exactly we are going to approach the sportsbook has yet to be determined. For the most part, for the time being, we are mostly working on getting situated with the proper provider and working on early development. We'll have better information about this product in 2020.


Adding any game would increase your revenue, it is simply marketing in disguise of a new game, there is a house edge and that house edge is mostly same everywhere and you get to play that with different games to have more fun.

Let's say you make a dice game, it is 1% house edge and you found people that gambles 10 btc a day on that dice, you then add slots and it has 1% house edge too (all depends on what you make house edge) and suddenly you have 15 btc, to you it is both just machines with 1% house edge for the casino but for the gamblers it is different game that could somehow give different results which is not true but gamblers like to change games when it gets too hot.

Finally, sportsbook is just another marketing where casino is destined to win but gives a different method of losing to gamblers.

That's not entirely true, it is possible to win money from a sportsbook in the long term if you are skilled enough. But you are right that having more games/offerings gives us more visibility and is a form of marketing. And of course we'll do everything we can to be a high quality website Smiley
hero member
Activity: 2702
Merit: 585
Leading Crypto Sports Betting & Casino Platform
Adding any game would increase your revenue, it is simply marketing in disguise of a new game, there is a house edge and that house edge is mostly same everywhere and you get to play that with different games to have more fun.

Let's say you make a dice game, it is 1% house edge and you found people that gambles 10 btc a day on that dice, you then add slots and it has 1% house edge too (all depends on what you make house edge) and suddenly you have 15 btc, to you it is both just machines with 1% house edge for the casino but for the gamblers it is different game that could somehow give different results which is not true but gamblers like to change games when it gets too hot.

Finally, sportsbook is just another marketing where casino is destined to win but gives a different method of losing to gamblers.
full member
Activity: 882
Merit: 126
★777Coin.com★ Fun BTC Casino!
You don't really need to have a sportsbook to be competitive.

You can add multiple casino games instead of sportsbook until it comes to that, however eventually that is the big difference so even if you add like 10 casino games on mintdice, eventually you will have to add sportsbook so why not add it at first instead of trying to add it later on.

When mintdice first started I wasn't expecting this much attention, it wasn't anything special, sure it was a good website and a casino but I thought "well they are running a legit business without scamming anyone, that is at least something" and didn't realized how much important that is, people are really looking for decent websites that won't scam them so anything mintdice adds (casino, sportsbook, library, television shows, medical examination, usual stuff) all will be liked because we all trust the owner.

I sort of agree and disagree.

You do not need a sportsbook just to have the feel of a complete casino, that is for sure,,, if you do what you do very well, that alone can be what makes you different, and I can say that dice is what is done very well at the places I promote.

But on the other hand, if you are not willing to be the best at 1 thing (dice), then you can be 2nd best at a lot of things;)
Agrees that number of games is not really important,the best example could be bustadice they are literally new compared to other rival casino sites but still managed to pick top spot on dice gambling sites on the other hand people may interested if there is multiple games available at single game so they no need to register new site for every games.

I remember that mintdice team is developing a game which is not available on any gambling sites yet so this could be a game changing point for mintdice.
hero member
Activity: 2338
Merit: 953
Temporary forum vacation
You don't really need to have a sportsbook to be competitive.

You can add multiple casino games instead of sportsbook until it comes to that, however eventually that is the big difference so even if you add like 10 casino games on mintdice, eventually you will have to add sportsbook so why not add it at first instead of trying to add it later on.

When mintdice first started I wasn't expecting this much attention, it wasn't anything special, sure it was a good website and a casino but I thought "well they are running a legit business without scamming anyone, that is at least something" and didn't realized how much important that is, people are really looking for decent websites that won't scam them so anything mintdice adds (casino, sportsbook, library, television shows, medical examination, usual stuff) all will be liked because we all trust the owner.

I sort of agree and disagree.

You do not need a sportsbook just to have the feel of a complete casino, that is for sure,,, if you do what you do very well, that alone can be what makes you different, and I can say that dice is what is done very well at the places I promote.

But on the other hand, if you are not willing to be the best at 1 thing (dice), then you can be 2nd best at a lot of things;)
legendary
Activity: 2016
Merit: 1107
So far only 4 popular games available but are there Any news on when the next game in line, Pyramid is going to be launched and become available to play?
Stay tune, no announcement yet from them but I think they're working on it right now.

You don't really need to have a sportsbook to be competitive.

You can add multiple casino games instead of sportsbook until it comes to that, however eventually that is the big difference so even if you add like 10 casino games on mintdice, eventually you will have to add sportsbook so why not add it at first instead of trying to add it later on.
They doesn't have to compete with other sportsbook. As much as they see the market for bookies is big, they want to try it and check if it will click since most of the bettors are also looking for a better place to bet like in sports betting.

they do have to compete , same as they compete with other casinos
you don't open a business just to try it out , you want to make profit and to do that you must know the market
the sportsbook market is stacked same as the bitcoin casinos market , but there are much fewer really good no KYC crypto sportsbooks with decent odds
hero member
Activity: 3080
Merit: 603
So far only 4 popular games available but are there Any news on when the next game in line, Pyramid is going to be launched and become available to play?
Stay tune, no announcement yet from them but I think they're working on it right now.

You don't really need to have a sportsbook to be competitive.

You can add multiple casino games instead of sportsbook until it comes to that, however eventually that is the big difference so even if you add like 10 casino games on mintdice, eventually you will have to add sportsbook so why not add it at first instead of trying to add it later on.
They doesn't have to compete with other sportsbook. As much as they see the market for bookies is big, they want to try it and check if it will click since most of the bettors are also looking for a better place to bet like in sports betting.
legendary
Activity: 2016
Merit: 1107

So MintDice is looking to launch a sportsbook Q1-Q2 of 2020, and the provider we are most seriously looking at right now offers a suite of gaming instruments. Most are non-provably fair games that we are not interested in since we are only going to use custom built games for our provably fair systems.

However, Poker is nearly impossible to build and therefore make Provably Fair. We could adopt the platform that our sportsbook provider has for virtually free. The question is more whether or not that is a good idea, which is high debatable, but certainly possible.

Our largest focus for skill gaming will be on the new innovative games that we are bringing to the market. They will all be Provably Fair and use other sources of fairness/randomness when possible since we are constructing them entirely in house.

With Poker, I'd say the biggest consideration with us will be player base. The more people we have playing on MintDice, potentially the more likely we would be to add in the poker client as well at some point after the sportsbook is released with that licensor. But realistically, we'll just have to wait and see, and either way, poker won't be coming for some time if it ever does so don't hold your breath Smiley

Wow,,, now this would be huge news for me and for most of us in this forum. The way I see it, anyone who gambles on dice, probably gambled on sports first, at least when I see the status of my fellow friends in real life. Most of us bet on sports long before we ever tried casino games, long before BTC dice.

So that is a wise move since there is a lot of demand, and not enough competition in my opinion.

Hard to see provably fair for sportsbook so if you manage that, it would be awesome.

A "provably fair" sportsbook is not a thing, that doesn't exist and can't exist.

The provably fair conversation only related to the games the operator offers, of which we'd only consider their poker client if we picked something at all.

We'll obviously try to make our sportsbook competitive. There's a few things that we have plans for but at the end of the day in this industry there are so many things that you can ultimately do relative to competitors.

well said , will definitely keep an eye on the progress
very interested in good crypto no KYC/no gimmicks sportsbook , really hope yours deliver
and yes , check what the competitors offer and do and try to do it better ( or not worse at the very least )
try to automate your withdrawals , I know it is easier and safer to do it manually , but it deters many gamblers from the site
I know for sure that if I'm given the choice between two sites I'd pick the one with auto withdrawals ten times out of ten
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