Topic: PEERBET 2.0 OUT! *DRK*! Peerbet.org/PeerDice.org INVEST 0.3% Edge! Dice BTC/Alts - page 20. (Read 104188 times)

Whenever you invest, you get % of the house bankroll. If the house wins, you win, if the house loses, you lose. Whenever you divest, there is a 7% commission on your profit from your investment (only on the profit).

Currently the invest includes only Dice & Wheel, but we will include other parts in future too.

The idea is to attract larger investors, in order to support larger bets.

I like the idea as well. just hoping the profits will go up instead of down on btc...
yesterday: -9.27462178
today: -9.35080406

This is exciting news!  Can you explain a little more about how it works?  Are investments pooled across all games other than raffles?  What does offering investments allow you to do that you could not do before?  I'm very excited about the possibilities you have offered now, especially for alt coins.  Thank you.

And now you can Invest in All supported currencies!

House commission 7%.

 

Yes you have a point. I am open to suggestions on how to make it 100% provably fair. Waiting for a new block on the blockchain won't be good enough, since it is taking too long and dice is known to be a fast game.

I don't think Peerdice is actually provably fair. Here's why.

Players have no way of ensuring that other players are actually other players.

Envision a "player" Alice who is actually a front for the house. The house of course knows all client seeds, and has the capability to calculate the result of the bet. Once all other client seeds are finalized, the house runs simulations of the results for various seeds; once one comes up in Alice's favour, it picks that as Alice's client seed.

In fact, I would go so far as to say such a system is nearly impossible to make provably fair. From what I can tell, there is no way to make a trustless three-party or over system as any two colluding parties can cheat the third, in this case Alice and the house. This is why there are two types of raffles, Instant and Provably Fair. Instant raffles are dictatorial, since exactly one party (the House) decides the final outcome, and are obviously not provably fair. Provably Fair raffles introduce trust into it, in this case trust of the blockchain and proof-of-work, so it is provably fair in the sense that the House cannot modify the outcome and miners are economically disincentived to modify it due to losing the block reward.

Someone with more experience than I may clarify. Perhaps Mental Poker algorithms, or simplified versions, may work; perhaps such a profair system can be proven impossible. My point stands though that the current version is not Provably Fair.

Edit: Don't get me wrong. I believe bit777 is a very trustworthy entity and am certainly not accusing it of actually being unfair! Indeed, I often play Peerbet instant raffles which are not even advertised as profair, and I do not even suspect any rigging. I do believe that advertising Peerdice as Provably Fair is a bit misleading, however.

...and there was much rejoicing.

It did crash. We got it running again.

Is PeerDice broken?  It's showing 7 players and like 21 bets for BTC, but nothing is happening...

Last rolll I'm seeing on "Recent Rolls" was at 2014-02-01 21:20:56

Yes. The closest number to the roll wins, and wins everyone else's money.

Think "The Price is Right", the closest to the correct amount wins.

Its hard to understand how Peerdice.org work.

Dear Members,

We are happy to announce the release of PeerDice.org! The 1st in the world Multi-Player Dice game, with the lowest house edge on Earth! Just 0.3%! Win Unlimited amounts!

Q. How do I play PeerDice?
A. Each user can place any amount of bets for each game. Each bet consists of a number (e.g. 66.7978) and bet value (e.g. 0.1 BTC). Users have the option to use random numbers by choosing exact or random from the dropdown menu next to the bet field. By choosing the Random option, each user can select his desired range, out of which the system will draw the random number.

Users can choose if they want to play indefinitely or limit their play by using the minimum/maximum balance limits or the maximum rolls limit.

Every second a new game starts with a new number drawn.

The winner is the person that has a number closest to the number drawn. The winner wins all bets of all other players minus 0.3% house fee. In the rare circcumstances where there might be more than 1 bet with the same number and it wins, the winnings are split.
Q. Can there be more than 1 winner?
A. Yes! There can be as many winners as the actual active players in the game. This happens when a lot of people are playing, and each of them has different bet values. We have designed our game to be similar to poker. Whenever the winner's bet is smaller than other players' bets, these players fight against each other on their own with their respective number selections.
Q. What happens if there is only one player per currency/coin?
A. We need at least 2 players per currency/coin to roll the dice, with at least 1 bet from each player. The dice will not be rolled until a 2nd player comes.
Q. Is it provably fair? How do you draw the number?
A. Yes, of course. When you place your bet, you also input your client seed. When the draw begins, the system uses all client seeds + the bet ids of all players to produce a SHA256 seed. The hash is then used in our RNG as a starting value to determine the Roll outcome. This way everyone is partially involved in determining the outcome and a single player or the house cannot affect it in any way.
Q. Once I start the game, how do I stop or pause it?
A. Click on the 'Active Bets' tab. There you have options to pause or cancel each or all of your ongoing bets.
Q. How can I manage my placed bets?
A. You can manage your placed bets, by clicking on the 'Active Bets' tab and choosing one of the options in the 'Actions' menu.
   > symbol - Clicking on this symbol activates your bet for the following games.
   II symbol - By clicking on this symbol, you will pause the bet.
   X symbol - Deletes the placed bet forever.
Example situations
Users A, B & C have bets for different values: User A = 1btc bet, User B = 0.5btc bet, User C = 0.5btc bet
- Example A: User A wins. User A receives 0.5btc refund + his actual win: 0.5btc (his stake) + 0.5btc from user B + 0.5btc from user C x 0.997% = 1.9955btc
- Example B: User B wins. User A receives 0.5btc refund, since User B's stake is 0.5btc. User B receives 0.5 btc (his stake) + 0.5btc from user A + 0.5btc from User C * 0.997% = 1.4955btc

Situations with more than 1 bet:

User A has 3 bets with different values: Bet 1 = 0.1btc, Bet 2 = 0.5btc, Bet 3 = 0.7btc. User B has 2 bets for 1btc and 0.5btc.
- Example A: User A's Bet 1 wins. User A receives 0.4 + 0.6 refunds from Bet 2 & 3, User B receives 0.9 & 0.4 refunds from his two bets. User A receives 0.1 (his stake) + 0.4 (from the 4 competing bets) * 0.997% = 0.4985btc win
- Example B: User B wins the 0.5btc bet. User A receives 0.2btc refund. User B receives 0.5btc refund. User B receives 0.1btc + 0.5btc + 0.5btc (from User A) + 0.5btc + 0.5btc (from his 2 stakes) * 0.997% = 2.0937btc win

More than 1 winner:

User A has a bet of 0.5btc. User B has a bet of 1btc. User C has a bet of 3btc. User D has a bet of 1.5btc.

- Users A & D win and need to split the profit.

- User A receives: 0.5btc + 0.5btc + 0.5btc + 0.5btc * 0.997% = 1.994btc /2 (2 winners) = 0.997btc
- User B loses his bet
- User C receives a refund of 1.5btc and loses 1.5btc
- User D receives: 0.5btc + 0.5btc + 0.5btc + 0.5btc * 0.997% = 1.994btc /2 (2 winners) = 0.997btc from the initial bet and the user also receives: 0.5btc (the remainder of User B) + 1btc (user C) + 1btc (the remainder of his own bet) * 0.997% = 2.4925btc. His total win is 0.997btc + 2.4925btc 3.4895btc

Q. What do payout color indications mean?
A. We use the following colors to mark the results of each game:
   Green - You won more than your total bet(s) value.
   Red - Your payout is less than your total bet(s) value.
   Silver (default) - You havent played for current roll.

yes go to games and round section and you have 2 threads one for peerbet and other for bit777 you can join both for free give away

Is there any giveaway currently here?.
Thank you...

Peerbet Dice passed 10,000,000 bets today in btc, and a bunch more in the other crypto coins! Woohoo!

They are provably fair...

but still many peoples rumors that these are not fair and all are  fix games

January has been real good to players.

Some interesting charts with what players did.

This is a player who won 11+ btc playing on x3 and x5 wheel.




Major Martingale success, this player has proven his system works over 200k+ wheel spins and is well ahead:




Sometime betting small helps to recognize a future winning pattern and striking it in just a few spins:




A different kind of Martingale, but still ending quite ahead:




A hit and run kind of play: