btw. total betting volume is now over 10BTC! Yay!
Topic: new blockchain gambling site satoshiseleven.com (Read 936 times)
i added more explanations about EV to the FAQ
btw. total betting volume is now over 10BTC! Yay!
btw. total betting volume is now over 10BTC! Yay!
an additional 0.5% goes into a progressive bonus jackpot game called "satoshis111" which has 111 players instead of 11 and you can achieve positive expected value because of the bonus!!!
This is an obviously false statement. The jackpot is paid by a 0.5% reduction in the "normal" payout. The game is negative expectation. Then again all gambling games with house advantage are negative expectation. You don't need to lie or mislead customers, people using the site are expecting to gamble not invest.
no its not if you play only Satoshis111
the bonus bets play with only 25% winning chance compared to normal bets
its possible to achieve (small) positive EV if the bonus is big enough
the first game (Satoshis11) has always a small negative EV, that is true
i should have mentioned this, will add this to the FAQ
an additional 0.5% goes into a progressive bonus jackpot game called "satoshis111" which has 111 players instead of 11 and you can achieve positive expected value because of the bonus!!!
This is an obviously false statement. The jackpot is paid by a 0.5% reduction in the "normal" payout. The game is negative expectation. Then again all gambling games with house advantage are negative expectation. You don't need to lie or mislead customers, people using the site are expecting to gamble not invest.
Took a look at the site today, looks very nice, congats. 
thanks
Took a look at the site today, looks very nice, congats.
Great website, what's the secret keys about?
these keys make it impossible to cheat, i explained it in the faq
So the secret key id shown on the front page is the reference to the precomputed random characters used to seleect the winner. which is shown 24 hours after the draw?
yes
the published keys are at http://satoshiseleven.com/?lang=en&goto=hashkeys
i published the hashes of the precomputed keys (for the next 10 Years) here: https://raw.github.com/sat11/sat11_keyhashes/master/README.md
first number is the id, then the sha512 hash of the secret key and then the time interval of the particular key
Great website, what's the secret keys about?
these keys make it impossible to cheat, i explained it in the faq
So the secret key id shown on the front page is the reference to the precomputed random characters used to seleect the winner. which is shown 24 hours after the draw?
Great website, what's the secret keys about?
these keys make it impossible to cheat, i explained it in the faq
Great website, what's the secret keys about?
Looks good, although I am not lucky enough to verify payouts!
thank you
it's my first non-trivial site and i'm soo excited
it's my first non-trivial site and i'm soo excited
Wishing you the best of luck in your endeavor.
I like the idea of games that can only be done with Bitcoin's protocol in terms of verifiability.
I like the idea of games that can only be done with Bitcoin's protocol in terms of verifiability.
site is online again
should have taken more time for server configuration :/
should have taken more time for server configuration :/
everything worked in local mode and after deployment
but suddenly the server stopped talking to the bitcoin client
i'm debugging now and i feel so embarassed
yeah probably not the best start in the history of bitcoins
but suddenly the server stopped talking to the bitcoin client
i'm debugging now and i feel so embarassed
yeah probably not the best start in the history of bitcoins
popcorn.gif
You site now shows 404 before it was not reachable at all.
I suggest you sort your stuff out before launching the site
Wish you all he best.
I suggest you sort your stuff out before launching the site
Wish you all he best.
Server Status: ONLINE
we proudly present our new gambling site satoshiseleven.com
http://www.satoshiseleven.com
the game is simple: 11 players throw money into the pot and one of them wins!
Your chance to win equals your pot equity, the more you bet the bigger your chances!
no account needed - we send the prize money to the bitcoin address you made your bet from
it is transparent and verifiable (like satoshidice which we are really huge fans of
we take 1% rake from each pot and an additional 0.5% goes into a progressive bonus jackpot game called "satoshis111" which has 111 players instead of 11 and you can achieve positive expected value because of the bonus!!!
please check out the faq if you have any questions or ask us directly
we are very interested in your opinion
have fun!
Satoshiseleven
http://www.satoshiseleven.com
the game is simple: 11 players throw money into the pot and one of them wins!
Your chance to win equals your pot equity, the more you bet the bigger your chances!
no account needed - we send the prize money to the bitcoin address you made your bet from
it is transparent and verifiable (like satoshidice which we are really huge fans of
we take 1% rake from each pot and an additional 0.5% goes into a progressive bonus jackpot game called "satoshis111" which has 111 players instead of 11 and you can achieve positive expected value because of the bonus!!!
please check out the faq if you have any questions or ask us directly
we are very interested in your opinion
have fun!
Satoshiseleven
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