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stochastic

hero member

Activity: 532

Merit: 500

Quote from: Koekiemonster on February 11, 2012, 04:55:01 AM

Quote from: stochastic on February 11, 2012, 02:23:55 AM

Quote from: dooglus on February 10, 2012, 05:54:55 PM

Quote from: stochastic on February 10, 2012, 05:00:02 PM

Funny right? A person should not get in the gambling game unless they understand statistics.

Maybe the plan was to put up a 'play money' game with a 400% payout then adjust the odds when it went live.

That would be devious, but since the site has been in beta for months I assume they did not know how to do the slots right. My biggest concern for sites that are associated with bitcoin is security, which is why my potential sites are still on the drawing board.

Isn't it obvious that actually is the case? Why would you think he miscalculated? It's fairly simple to calculate odds and any programmer should be able to do that.
It seems only logical to me to put some random 100%+ payout in beta

If it is simple for them to calculate then why put some random 100%+ payout in beta? If they are just going to adjust the odds later when it goes live, then why not just put the live odds in beta? If it is to trick unsuspecting people that got huge profits with their play money in beta, then they would be called out quickly. If they are just being lazy then no wonder it is still in beta.

I guess it doesn't matter. I won't ever play it if it ever goes live. It is a cool looking slot though.

Koekiemonster

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Activity: 321

Merit: 250

Bitbuy.nl!

Quote from: stochastic on February 11, 2012, 02:23:55 AM

Quote from: dooglus on February 10, 2012, 05:54:55 PM

Quote from: stochastic on February 10, 2012, 05:00:02 PM

Funny right? A person should not get in the gambling game unless they understand statistics.

Maybe the plan was to put up a 'play money' game with a 400% payout then adjust the odds when it went live.

That would be devious, but since the site has been in beta for months I assume they did not know how to do the slots right. My biggest concern for sites that are associated with bitcoin is security, which is why my potential sites are still on the drawing board.

Isn't it obvious that actually is the case? Why would you think he miscalculated? It's fairly simple to calculate odds and any programmer should be able to do that.
It seems only logical to me to put some random 100%+ payout in beta

stochastic

hero member

Activity: 532

Merit: 500

Quote from: dooglus on February 10, 2012, 05:54:55 PM

Quote from: stochastic on February 10, 2012, 05:00:02 PM

Funny right? A person should not get in the gambling game unless they understand statistics.

Maybe the plan was to put up a 'play money' game with a 400% payout then adjust the odds when it went live.

That would be devious, but since the site has been in beta for months I assume they did not know how to do the slots right. My biggest concern for sites that are associated with bitcoin is security, which is why my potential sites are still on the drawing board.

dooglus

legendary

Activity: 2940

Merit: 1333

Quote from: stochastic on February 10, 2012, 05:00:02 PM

Funny right? A person should not get in the gambling game unless they understand statistics.

Maybe the plan was to put up a 'play money' game with a 400% payout then adjust the odds when it went live.

DannyM

sr. member

Activity: 275

Merit: 250

Quote from: wobber on February 10, 2012, 04:47:02 PM

I like the Bitcoinica-like look. How is this made?

http://twitter.github.com/bootstrap/

stochastic

hero member

Activity: 532

Merit: 500

Quote from: dooglus on February 10, 2012, 03:29:13 PM

I just calculated the expected payoff of this game.

It's 416%.

No wonder we're all winning!

Symbol layout:

Code:

wheel 1: 1 1 3 1 5 2 1 6 2 1 4 3 0 1 2 3 4 0 7 1 2 1 3 1 1 3
wheel 2: 1 0 2 1 3 4 0 2 6 0 3 1 4 7 0 5 0 3 2 0 1 0 2 1 0 2
wheel 3: 3 0 1 3 2 5 0 2 1 6 0 3 1 0 1 0 2 4 7 3 0 0 1 3 0 1

Symbol distribution:

Code:

| 1 2 3
--+----------
0 | 2 8 8
1 | 10 5 6
2 | 4 5 3
3 | 5 3 5
4 | 2 2 1
5 | 1 1 1
6 | 1 1 1
7 | 1 1 1

Payouts:

Code:

7 7 7 500
6 6 6 250
5 5 5 150
4 4 4 100
6 5 4 80
3 3 3 80
3 3 . 50
2 2 2 50
2 2 . 40
1 1 1 30
1 1 . 15
0 0 0 10
0 0 . 5
0 . . 2

Calculation:

Code:

>>> (500 + 250 + 150 + 100*4 + 80 + 80*5*3*5 + 50*5*3*(26-5) + 50*4*5*3 + 40*4*5*(26-3) +
30*10*5*6 + 15*10*5*(26-6) + 10*2*8*8 + 5*2*8*(26-8) + 2*2*(26-8)*26) / 26.0 / 26 / 26
4.1603322712790165

It turns out that if the 40 payout was the only winning combination, we would still win with a 104% payout:

Code:

>>> 40*4*5*(26-3) / 26.0 / 26 / 26
1.0468821119708696

Funny right? A person should not get in the gambling game unless they understand statistics.

wobber

legendary

Activity: 1064

Merit: 1001

I like the Bitcoinica-like look. How is this made?

dooglus

legendary

Activity: 2940

Merit: 1333

I just calculated the expected payoff of this game.

It's 416%.

No wonder we're all winning!

Symbol layout:

Code:

wheel 1: 1 1 3 1 5 2 1 6 2 1 4 3 0 1 2 3 4 0 7 1 2 1 3 1 1 3
wheel 2: 1 0 2 1 3 4 0 2 6 0 3 1 4 7 0 5 0 3 2 0 1 0 2 1 0 2
wheel 3: 3 0 1 3 2 5 0 2 1 6 0 3 1 0 1 0 2 4 7 3 0 0 1 3 0 1

Symbol distribution:

Code:

| 1 2 3
--+----------
0 | 2 8 8
1 | 10 5 6
2 | 4 5 3
3 | 5 3 5
4 | 2 2 1
5 | 1 1 1
6 | 1 1 1
7 | 1 1 1

Payouts:

Code:

7 7 7 500
6 6 6 250
5 5 5 150
4 4 4 100
6 5 4 80
3 3 3 80
3 3 . 50
2 2 2 50
2 2 . 40
1 1 1 30
1 1 . 15
0 0 0 10
0 0 . 5
0 . . 2

Calculation:

Code:

>>> (500 + 250 + 150 + 100*4 + 80 + 80*5*3*5 + 50*5*3*(26-5) + 50*4*5*3 + 40*4*5*(26-3) +
30*10*5*6 + 15*10*5*(26-6) + 10*2*8*8 + 5*2*8*(26-8) + 2*2*(26-8)*26) / 26.0 / 26 / 26
4.1603322712790165

It turns out that if the 40 payout was the only winning combination, we would still win with a 104% payout:

Code:

>>> 40*4*5*(26-3) / 26.0 / 26 / 26
1.0468821119708696

gewure

sr. member

Activity: 364

Merit: 250

[#][#][#]

ROFLMFAO genius!! Cheesy

where can i donate?!

dooglus

legendary

Activity: 2940

Merit: 1333

Quote from: cloon on February 09, 2012, 10:57:18 AM

you all know, that it needs a wining chance lower than 50% to finance the site

if this site would be alredy up, (playble with money) they would never be able to pay all the winnings...
myself played few times with free 5 coins, but won everytime 100+
-> system would collaps

You would think that a 98% payout should mean a 2% profit on turnover, but it seems the variance is massive. The first few times I played I lost the 5 BTC I 'deposited'. Then I got on a lucky streak:

Code:

14:38:05 Won 4000 coins. Balance 51651 coins.
14:38:02 Bet: 100. Balance 47651 coins.

So I lost about 15 and won 47k - and it seems from this thread that plenty of others are also winning big.

How can that be?

Maybe rather than setting the payout to around 50% the answer to achieving an affordable variance is not to allow bets of 50 or 100 times the minimum.

cloon

sr. member

Activity: 387

Merit: 250

you all know, that it needs a wining chance lower than 50% to finance the site

if this site would be alredy up, (playble with money) they would never be able to pay all the winnings...
myself played few times with free 5 coins, but won everytime 100+
-> system would collaps

old_engineer

sr. member

Activity: 387

Merit: 250

Quote from: ineededausername on February 08, 2012, 10:03:00 PM

Wow, people are already wasting time and the site won't even pay out yet! Grin

This site is fucking great.

It's the new farmville.

ineededausername

hero member

Activity: 784

Merit: 1000

bitcoin hundred-aire

Sadly, the creator of this great site has moved on to better things. It's been up in beta for months.

http://bitcoinstats.com/irc/bitcoin/logs/2011/11/14/15

adamstgBit

legendary

Activity: 1904

Merit: 1037

Trusted Bitcoiner

Quote from: ineededausername on February 08, 2012, 10:03:00 PM

Wow, people are already wasting time and the site won't even pay out yet! Grin

This site is fucking great.

22:10:52 Game over.

22:10:49 Bet: 1. Balance 0 coins.

22:10:26 Bet: 1. Balance 1 coins.

22:10:09 Bet: 1. Balance 2 coins.

22:09:52 Bet: 1. Balance 3 coins

I need to deposit more btc!

ineededausername

hero member

Activity: 784

Merit: 1000

bitcoin hundred-aire

Wow, people are already wasting time and the site won't even pay out yet! Grin

This site is fucking great.

legitnick

hero member

Activity: 532

Merit: 500

Koekiemonster

sr. member

Activity: 321

Merit: 250

Bitbuy.nl!

Quote from: Mushoz on February 08, 2012, 09:51:33 AM

15:51:12 Won 4000 coins. Balance 102955 coins.

15:51:08 Bet: 100. Balance 98955 coins.

Over 100k! What do I win? Grin

Nothing.

I win:

01:16:36 Bet: 100. Balance 222222 coins.

01:16:32 Bet: 10. Balance 222322 coins.

01:16:26 Won 100 coins. Balance 222332 coins.

01:16:23 Bet: 50. Balance 222232 coins.

01:16:17 Won 500 coins. Balance 222282 coins.

epetroel

sr. member

Activity: 431

Merit: 251

Wow, this has real potential.

Mushoz

hero member

Activity: 686

Merit: 500

Bitbuy

15:51:12 Won 4000 coins. Balance 102955 coins.

15:51:08 Bet: 100. Balance 98955 coins.

Over 100k! What do I win? Grin

s1mngg

newbie

Activity: 28

Merit: 0

ahaha, I thought this was legit.
nearly jizz'd my pants !

03:48:35 Withdrawn 1540 coins. Code: xxxx-BTC-xx-xxx-xx-xx

03:48:24 Won 1500 coins. Balance 1540 coins.

03:48:21 Bet: 50. Balance 40 coins.

Topic: New Bitcoinica Alternative (Read 3230 times)