Topic: MintDice Bitcoin Casino - SportsBook & Provably Fair Games - page 32. (Read 35066 times)

I think this number is just an example, the current traffic on mintdice wont give that much number of gambled btc daily. Coming up to its current bankroll, as I remember their bankroll is more than 350btc when I checked it few weeks ago. It can be bigger now in case there are some new investors.


Bear in mind that there is no guarantees return on this kind of investment, there is always a risk of losing money once there are some whales who big win on the site. So invest what you can afford to lose only, don't spend too much just because you think there will be a x% of monthly return.

I also think so, instead I think luck-based games are difficult to play because it has a random strategy rather than a skill-based game. When I play and bet in skill-based games, I only rely on statistical abilities and feelings and that is good enough in results if the analysis is good.

What you are saying is true that bots are only able to see statistics and then run algorithms that have been created, but bots don't have feelings and other players can trick those feelings.

Thanks for your replies.

I was referring to this link https://mintdice.com/guide/investing from free guides (investing). Which I cannot click the "Casino Bitcoin Investment".

I haven't tried investing into any casino bankrolls but I do have some ideas since some relatives and friends did it some years ago. Betking bankroll investment then did very well like around 4% rate of returns monthly.

I read that there is an estimated 10,000 bitcoins gambled yearly (around 27.4 btc daily) on Mintdice. With 1% house edge then there will be around 100 btc in a year or 8.33 btc monthly earnings. I am curious on the size of the current bankroll.


 

Come on, skill-based games in online casinos are not hard at all. I would even say that it is pure psychological manipulation and skill that you need, even if you do not understand statistics anymore. Sometimes especially like in poker, you only need to understand the mind of the other players at the table.

Poker bots can never do this. They only do statistics, and never take advantage when another player always calls all in or whatever. Bots do not always win.

Are you sure about that? Aren't the odds still changing based on users bets until final confirmation that is released when bets are closed. Final odds are set in the way that it does not matter who will win. Payout is always set to be equal to (income from losers - expected house profit)/number of winners.


That's amusement park not casino where big money are involved. Casino will never open a game with unknown odds (without statistic advantage) other than PVP where their bankroll is not involved.

There's a free guide you can download without needing to register that you can find in the main navbar. There is also the FAQ.
https://mintdice.com/guide/investing
https://mintdice.com/faq/investing

The expected monthly returns for now are quite low since our bankroll is rather large and gambling volume is low. We are doing our best to raise awareness presently, but ultimately expected returns are tied directly to gambling throughput. So an investment into MintDice is a vote of confidence either presently or into the future that we will be able to attract gamblers.

I'll add that if at any point you are unhappy, withdrawing is always an option, be that 1 hour or 1 year later, it makes no difference.

Are you new to a gambling site that accepts investment on its bankroll? There is no estimation on how much you will earn because you are investing in the bankroll which means that you are against the players. I do not think you need to sign up to read the information about the investment on the casino house bankroll. Visit this link https://mintdice.com/faq/investing/casino-house-bankroll and hopefully it can answers all your questions about the investment.

This is entirely correct. The house bankroll is not affected for two reasons. First off, they are PvP as mentioned, second off, the house bankroll will only apply to the current four games we have anyway, they either won't or can't apply to our future games.

The game of poker is a good example. To an extent, as long as people are playing, the house is happy. It doesn't matter if someone wins a lot of money, because they are winning it from other players, not the house. The house gets commission for each raked hand or tournament buy-in.

The only skill game to my knowledge where the house becomes affected by winning players are sports books. (Aside from something like card counting in blackjack which is technically illegal). And to be clear, as I just stated above, any new games, including the sportsbook implementation will not be part of the house bankroll. A sportsbook/investment bankroll combination would be virtually impossible to implement in a fair manner anyway, and so we won't.

I can see that MintDice is not just purely an online casino but is also sort of an investment company. I visited the site and I need to register so I can read the details with regards to investing. Can someone please do a screenshot or share it here what it is all about? Have you guys invested also? How much is the interest or the estimated monthly returns?

Thanks.

Yes, you are making an assumption that mentioned skill-based games == PvP without enough information, it's different.
https://www.youtube.com/watch?v=UQtltNZ_pjs << a lot of skill games but not PvP

With that in mind, if Pyramid etc. is PvP, then taking away bankroll isn't possible, just like you said.

In skill-based games gamblers plays against other gamblers instead against casino. Thus taking away bankroll is not possible. Am i right or i'm confusing something?

Like on Celer platform. You and your opponent enter the game with x money and the one who gets higher score in game grabs everything. The biggest issue with Celer is that games are easy to master by bots. I love to see that mintdice takes so much effort in implementing games that might be bot resistant.

For me, I think the problem is not the developers really only that they should make the options available. In essence, if I as a player, should be allowed to choose to play with either a bot or an individual and that also pose a challenge for a site coming into to the market and looking to carve a niche for itself in the market because if a player wants to play with human but there is no one available at the time due to several factors such as timing difference or lack of enough customers would definitely be discouraging to such individual but for a site that have huge number of players online at any point in time could successfully implement that option.

I'm curious about these skill-based games, does it implies that users can earn profits by mastering these games?

I'm concerned about some skilled guy able to take away the house bankroll. Furthermore, unlike real casinos that can ban certain individuals, in online casinos, TOR/VPN can bypass the blacklist.

Well, I'll say that the Castle Royale game is actually constructed around an extremely long standing complex math problem that is an ongoing and open question in computer science today. Making a casino game out of it only seemed natural to me. So on that basis alone, computers cannot beat it right now. And although I seriously doubt they ever would, I would love it if a tech school like MIT or a DeepMind or AlphaZero would attempt to beat this game we make. With all of that said, it should be safe environment for humans to enjoy and have fun with for the foreseeable future once released.

Pyramid... I'm not really sure how bots would go about optimizing for this game at all presently due to noise and very obscure game knowledge. Although at the end of the day given enough computational power anything is solvable, it's more a question of resources and technological power. But I'm virtually positive this game is safe as well.

Again, I'd say our #1 single goal with skill game development is to make sure they are fun and easy for humans but difficult for bots. A game like Monopoly does not fit those requirements because a bot could beat that game very easily. So hopefully they work, we'll have to see if there is demand.

Ultimately, whatever ends up generating interest on BitcoinTalk, our website, the news outlets or anything else is the direction we'll start facing more of our company's development towards. So if there's anything you like either now or in the future, support it or let us know

Skill based games are not really that much easy in any case anyway, no skill based game can be mastered under a minute, however there is a huge difference between mastering something like that and also keeping the bots away. I have literally seen poker bots that doesn't even do that much stuff other than commands it's given, like fold when it has a bad hand, check when it has a decent hand, call or raise when it has super hands etc etc.

It means it really doesn't mean much for human players who can't even bluff because it is literally a bot they are playing against. So a developers job becomes to make sure players can't play something as simple as dice but also won't be playing against bots who would destroy them in almost every turn unless they are masters of the game.

If the main problem is about understanding the rules which is on English, simply use online translator to make it more understandable. I do even think that the language in gambling worlds is not that complicated, I believe most gamblers are familiar with the words already so it should not be a big problem.
Unless the game you are referring to is a completely new (no other similar game before) then it would be good to introduce it with a video but if the games are just common games with some different addition/modifications then I'm sure that players wont need a video to understand the game.

Video is good on teaching players how to play but I do not think that it is really needed since there is always rules on every sites which explain how we can play each game. More over this is just lottery game so it will be easy for players to understand it although the method of play is a little bit different. And about the winning and losing system, as long as they can made some leaderboard on it and we are able to check the provably fair system then it will be good enough. So they do not need to use some video to determine the winner because it will be wasting of time

The lottery is in fact, a lottery, but our implementation of it will be extremely different from any lottery product in the world to my knowledge. Especially Bitcoin/crypto lotteries that I personally find to be especially poorly designed and bad products (is there a single crypto lottery that you can point to that you find interesting anywhere?).

I can tell you that your "guesses" are each dead wrong for Pyramid and Castle Royale
But no, I can't go into detail as to what the games are yet. You'll have to wait for their releases.

Castle Royale will probably be the most complicated and strategic game that we ever offer, but it won't be overly complicated by any stretch. If I didn't think that a reasonable person could understand more or less how to play it in under a minute, I wouldn't develop it. Mastering it, on the other hand, might be near impossible (for humans anyway, hopefully bots too for the next few years).

I've mentioned it before on podcasts and interviews, but developing skill games is extraordinarily tough in today's day and age with artificial intelligence. I personally come from a background in skill gaming and really want to allow skill gaming to persist into the future, but it's an uphill battle to win. I want to create, in part, a skill gaming platform ideally that is easy for humans to understand, hard for bots to understand, collusion resistant/proof and not overly subjected to player pool limitations. In regards to that, I can say that if MintDice were to grow a lot in size and that player pool limitations cease to be an issue, the number of unique and interesting games that we could offer would vastly increase over the years.

There was a GIF posted earlier about Pyramid, I'll repost it again here. Mild work has been done on the lottery but it's not worth showing off yet and zero graphical work has been started on Castle Royale as of yet.





There's a lot more interesting images related to Pyramid but they'll simply be saved until our launch date.

Why would anyone need a video to realize when they win and when they lose. The results are literally on your face when you win or lose and even if that is not enough you have your balance you can look at and if your balance goes up then you won and if it goes down then you lost.

It is the simplest part of gambling that requires no help at all, how could someone miss that part of the game. I think if there is a video tutorial for anything it should be about the UX, normally the UX is easy to read and I like mintdice's design, but if there should be for anything it should be for that, show people where is what and how can you reach where etc etc. That way people would not spend too much time on those kinds of stuff and just check the video and find stuff they are looking for.

People who live in non-native English countries often visit and play these platforms. I think the rules and how to play them should be explained thoroughly. This would also be possible with the best video.