Topic: Peerbet.org - Play without house edge! - page 28. (Read 106648 times)
That's sounds awesome.
Watching! 
being able to make a wide range of bets instantly is a highly desired feature.
When Peerbet will gain momentum and have enough number of the users, most of the games will complete almost instantly. Also I have plans to add "express mode" feature, in which game rounds will complete without waiting ~10 minutes for the next Bitcoin block (it will be optionally because make impossible proof of the game fairness, but I think some users whatever will select it to get faster completion time).
I think that is true, most will complete fast if there are many games happening. But there will always be games at the margin where only one person per hour, day, month wants the other side and imo the way to get them to fill is with the market mechanism of price. It happens that in the beginning a lot of wagers fall in this area (at most one person wants them at the price of zero).
Thank you for the suggestion, I will consider.
cunicula, I have set 2 tickets / 0.005 BTC each as default values.
Good. I'd suggest giving a title and highlighting the default game to make it more prominent. Perhaps 'Flip a Coin'. People intuitively understand what this means.
My concern is that Satoshi's Dice will seem 'simpler' to people and that therefore they will opt for Satoshi's Dice. You should make your own product seem simple too.
If I was running Satoshi's Dice, I would eliminate the less popular bet options, or shuttle them of into an 'advanced options' menu.
There is a lot of marketing research suggesting that complex decisions make people hesitate and decide not to purchase.
cunicula, I have set 2 tickets / 0.005 BTC each as default values.
Nice. I suggest not asking people to make lots of choices. i.e. encourage them to choose a default lottery.
Perhaps the default choice should be a 50-50 lottery, where you are matched with one other person.
People do not like too much choice. Choices are confusing and stressful. You can allow choices, but you should not encourage them.
Perhaps the default choice should be a 50-50 lottery, where you are matched with one other person.
People do not like too much choice. Choices are confusing and stressful. You can allow choices, but you should not encourage them.
being able to make a wide range of bets instantly is a highly desired feature.
When Peerbet will gain momentum and have enough number of the users, most of the games will complete almost instantly. Also I have plans to add "express mode" feature, in which game rounds will complete without waiting ~10 minutes for the next Bitcoin block (it will be optionally because make impossible proof of the game fairness, but I think some users whatever will select it to get faster completion time).
This is very interesting.
I think part of why a casino can get away with charging so much is that being able to make a wide range of bets instantly is a highly desired feature.
Allowing anyone to offer any wager, even -EV ones might lead to a very large selection of wagers at very low fees as competition does it's thing. I don't have any interest in making wagers, but if I stood to profit a little bit on average I might load some in an set some up.
Everyone would be on equal footing, able to make or decline any wager, but I suspect you'd get two sorts of customers, those with a lot of money who want to profit by 'being the house' without setting up a 'house' and those who want instant gratification and don't mind paying .1% or 1.5% or whatever the market demands for instant gratification of their desired wager.
I think part of why a casino can get away with charging so much is that being able to make a wide range of bets instantly is a highly desired feature.
Allowing anyone to offer any wager, even -EV ones might lead to a very large selection of wagers at very low fees as competition does it's thing. I don't have any interest in making wagers, but if I stood to profit a little bit on average I might load some in an set some up.
Everyone would be on equal footing, able to make or decline any wager, but I suspect you'd get two sorts of customers, those with a lot of money who want to profit by 'being the house' without setting up a 'house' and those who want instant gratification and don't mind paying .1% or 1.5% or whatever the market demands for instant gratification of their desired wager.
I am happy to announce Peerbet.org - the first online gambling platform with zero house edge and without negative profit expected value for the players! It is really free: players compete against each other, not against the gambling site and there are no hidden costs or commissions. 100% of the revenue comes through ads.
In any casino or online gambling site like Satoshidice with non-zero house edge players will always lose playing long term, but in the truely zero-sum game (i.e. where no house edge or any other commission fees applied) players will NOT lose anything playing infinite long.
We offer raffle-style game in which users can create rounds with an arbitrary number of tickets (from 2 tickets to 10 million) and the price for a single one (from 1 Satoshi). This allows to choose any winning odds and profit expectation. When a game is created, players can start buying tickets and the game will be complete when all tickets sold and next Bitcoin block generated.
Peerbet is provably fair. When a game is created, we generate a random nonce and publish its SHA-1 hash. When this game is complete (all bets are made), we wait for the next Bitcoin block, and then concatenate its hash with the nonce's plaintext and use this value to determine the winner. This approach lets you to ensure that the Peerbet operator cannot possibly change the outcome of the game before it completes, or even to know its results ahead of time.
A code to determine the number of winning ticket:
We store wallet with all funds off-site on the encrypted HDD and have its backup copy. Every 24 hours we perform backup of the database. Even if the server will be hacked, no funds will be lost. White hat hackers are welcome to check security of the server and report any vulnerabilities to me.
Good luck playing!
https://peerbet.org
Peerbet is being owned and operated by Bit777 now!
In any casino or online gambling site like Satoshidice with non-zero house edge players will always lose playing long term, but in the truely zero-sum game (i.e. where no house edge or any other commission fees applied) players will NOT lose anything playing infinite long.
We offer raffle-style game in which users can create rounds with an arbitrary number of tickets (from 2 tickets to 10 million) and the price for a single one (from 1 Satoshi). This allows to choose any winning odds and profit expectation. When a game is created, players can start buying tickets and the game will be complete when all tickets sold and next Bitcoin block generated.
Peerbet is provably fair. When a game is created, we generate a random nonce and publish its SHA-1 hash. When this game is complete (all bets are made), we wait for the next Bitcoin block, and then concatenate its hash with the nonce's plaintext and use this value to determine the winner. This approach lets you to ensure that the Peerbet operator cannot possibly change the outcome of the game before it completes, or even to know its results ahead of time.
A code to determine the number of winning ticket:
Code:
function getWinningTicket($nonce, $blockHash, $ticketsTotal)
{
$randMax = 268435455;
$remainder = $randMax % $ticketsTotal;
$output = -1;
do {
$hash = hash('sha256', $nonce . $blockHash);
$randHex = substr($hash, strlen($hash) - 7, 7);
$x = base_convert($randHex, 16, 10);
$output = $x % $ticketsTotal;
$nonce .= '0';
}
while($x >= ($randMax - $remainder));
return $output + 1;
}
We store wallet with all funds off-site on the encrypted HDD and have its backup copy. Every 24 hours we perform backup of the database. Even if the server will be hacked, no funds will be lost. White hat hackers are welcome to check security of the server and report any vulnerabilities to me.
Good luck playing!
https://peerbet.org
Peerbet is being owned and operated by Bit777 now!
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