Topic: Quantum Dice - Now Featured on MoneyPot | variable HOUSE EDGE as LOW as 0.01% - page 7. (Read 10821 times)

I've sent 0.1 BTC and I will start betting after 1 confirmation, I hope the house edge thing is legit so it's better than for example Primedice.
Good that you chose to use Moneypot api, instead of your own service.

// Ok, I already did 0.1 BTC profit and I'm happy!

QBot updated to 0.2. Fixed several critical issues.

Alright thanks for the suggestion. I'm viewing this on my phone, forgive me if I miss any post. I will figure out the best way to implement the contest first then post. My mistake for half-assing it. Sorry guys

You left this out btw, typed it after you quote my post. A simple script to calculate the BTC wagered should be an easy task for you. For the prize calculation you should take samples of all bets after the variable edge is implemented, take an average of all that edge and divide it by half to get the best option for your contest's prize

P.S : ignore all my typos and such (lots of things having my attention atm so yeah )

Yup, sorry. Mistaken the previous post as yours. Also thanks for raising this issue. I forgot that I only get half the house edge in my calculations. You just saved me a lot of btc. Thanks.

Yup, my bad. A simple wording issue solved that btw everyone starts at 0 BTC wagered to make it clearer and your wording is pretty much unclear. A simple script will be able to calculate how many BTC has someone wagered in X period of time


Now you are the one that read properly.  I didntt write anything about 0.9 % , yes I know that you changed it to 0.5 % and this is totally wrong again because I have given you some math that assuming if your edge is staying at 1 % ( which is not in your case) then you will get 0.5 % of it and allowed yourself to pay the winner however your site is not a 1 % edge which means that you will end up paying the winner at the expenses of your own pocket again . Now if there is a whale to wager 1k BTC and that would be a lot of amount to pay from your own pocket

Sorry, I'm aware that there are a lot of questions with the rules and conditions. Will rework everything properly and repost again

Yeah, OP just reduced the the prize. But 0.5% is still a great deal especially for whales


Read above post, the house edge is random. So it is not only 0.01%, but varies for each bet.


P.S : waiting OP to reply the post by arallmuus and regarding how to join the contest, IMO it will be more fair if OP accept the participants who post their username on the thread (not by PM)

Hi. Please read carefully. The amount considered will be the final wagered amount minus total wagered amiunt at the start of the contest. Hence he is starting the contest like everyone else, with 0 total wagered amount since the start of the competition.

And no, I'm not him, I'm bryankek. He is a friend.

Yes, as panjul mentioned. I redid the maths, its not feasible to pay 0.9% to the first winner, hence I'm offering to pay the full amount of the house edge earned from the user.  Anyway I'm suspending all entries now. Will officially post a start time and end time with a final unchangeable rules and prize list. Contest is canceled(to be reposted)

i like new (AutoBet) and house edge 0.01% 
I love this sites

Decided to post it here to get your attention ( posted in the games and rounds thread, deleted btw )

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Few things to ask here

#1  When was this contest officially start? I see the thread is posted approximately 7 hours ago and judging from here https://www.moneypot.com/apps/85-qdicenet-quantum-dice ( by the time I posted this, the last 9 hours bet in the site never listed any wager from keknicholas. Care to explain how he got 6+BTC wager right from the start of this contest because you posted the contest 7 hours ago

That account registered 7 days ago and I have followed your site quite a bit and I know he had wagered over 6+ not today but since last week and yet you posted approximately 7 hours ago for the contest



#2  I have a suspicion that you are keknicholas. The suspicion strengthen with almost the same name of your account and keknicholas . Preventing the player to get the first rank therefore you dont need to pay the crazy high amount

owner : Bryankek

Of course this is assumption and suspicion

#3  Assuming the house edge is 1 % ( I know it is variable edge ) you will get like 50 % of the edge as commision which mean that you ended up paying all that you earned to the 1st rank player IF keknicholas is not you ( for now )

Also since that is the best scenario which is not in your case because the edge is variable that means that you are paying the first rank at the expenses of your own pocket ! pretty much not feasible if there is a whale that get into your site

Hmm since the house edge varies randomly between 0.01% - 1% for each bet, and the one with highest wagered will get 0.9% back. The contest would make the EV positive for that whale and so you should be able to attractive lots of high rollers.

EDIT: Damn. It seems you edit that post to lower the prize from 0.9% to 0.5%.

Hi all, we are currently running a contest. Get more details at the contest thread.

https://bitcointalksearch.org/topic/canceled-1134496

Fixed several critical issues with the autobet. Should be quite stable for now. Have fun

Bump

Auto bet has been added. Just click on "QBot 0.1" just above the chat box on the site. If you still don't see it, please clear your browser cache and refresh.

Be careful though, the bot have not been tested extensively yet and there might be some flawed logic or code. I'd be grateful if you could report here if you find any issues.

So, only put into the app what you are willing to lose if you wish to test out the bot

Have fun

To clarify. I'm only hosting a client. All the bets, deposits and payout are processed by MoneyPot and the team behind MoneyPot is a reputable one.
So to answer your question, no, I can't possibly scam your coins.

Also, as you are wagering against the MoneyPot bankroll, I just get paid a small commission depending on the house edge and your wager size regardless of your profit or loss.

If you manage to stay afloat much longer, that means more wagers from you. More wagers means I get paid more. So I do hope you keep on winning.

Regarding the title. I'm not misleading anyone. I have clarified at the top of the first post that it is a variable house edge.

I have also explained the mechanism as to how the house edge is calculated in this thread.

If details are your thing, all the information is provided here on this thread. If I miss out anything, feel free to ask

@OP do you have any plan to add auto bet feature there because it get tired to roll dice manually in long time gambling, i hope in next update we will see betting bot there.

True, it is more of a problem with a bad wordings actually. If you take a glance to read it then you will have the impression that the house edge stays the same for every rolls at 0.01 % while in fact it is a variable house edge ranging as low as 0.01 % to 1 %. Therefore the title should be made as clear as possible ( no harm done anyway in changing it )

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I seriously dont know why someone repeated what I've posted...

it says that its as low as 0.01 so it might be bigger also, i believe that there is no missleading on the title of the thread, also its nice to see such low house edge