Topic: ReelDice.com - The Bitcoin Dice Industry meets change (Read 11541 times)

Hello all,

 Again I made 0.009btc with shower, But unfortunately 2nd withdrawals are not allowed here...  Kindly add this term in faq.
 
Shower terms
Showers are provided so players can test the games and also experience the whole process of playing at the site. Currently, Showers are issued under bonus rules. Meaning the player must play a certain amount of hands valued at a total of N times the amount of the shower before the player can withdraw the winnings from a shower. Players may only withdraw Shower winnings once during their player lifetime. They may continue playing using Showers, but not withdraw from Shower bonus. Shower terms may be calibrated, changed or limited by ReelDice without notice.

 

Could you add a demo version of your dice game where people can play with virtual money and see how the game works? I've noticed you don't have that in you website and I don't know if it is because I don't have an account registered there or you don't have it added yet. Anyway, I think most people want to try a website before they deposit any money there because they want to see if it fits them.

fair enough
I respect people who can provide arguments to support their point of view , but my opinion stays the same: you would have been better off not offering deposit bonuses , you will find out why later
you are absolutely right , there are no trusted operators that run deposit bonuses , maybe Rocket run but it is not exactly a dice site and their promotion is time limited
I guess since the site offers no faucet or any other starting bonus , the deposit bonus is your way to get the players onboard
correct me if I'm wrong , your dice is 2% HE only for the bonus rollovers or is it 2% house edge  bonus or no bonus?
forgive me my pessimism but I've seen dozens of dice sites come and go and all of the owners were full of plans and enthusiastic ....
only strong survive in this business , I am all for  variety and competition , good luck!
 

It really great seeing all this promises from the team this will help to attract new users and help keeping the old onces, with the deposits bonus which is not just a one time bonuse but a continues bonus on every deposits it great and with a low house edge and wider coverage on games it really great.

Honestly, I don't know if this kind of bonus is mostly associated with with scam. I can't mention any of them, I thought most of well-known dice sites give no bonus because they already popular and no need to do that kind of marketing. You taught me something new and thanks for that...

Would love to try it with minimum capital, @veleten taught me something I didn't know so I think it's okay to play but always only in what I can afford to lose.

Yes, I've read about what happened to duckdice. And I insist, it's all a matter of not handling things properly. I started working in online casinos in late 1999. You know 888casino today? Well, back then, they were known as CasinoOnline, and they had a scandal related to bonuses worth about $250k. They never paid those players, claiming bonus abuse. The scandal eventually quieted down and they went on to sponsor those famous tattoos in boxing I'm sure you've heard about. They handled it badly and went a couple years with red flags. But eventually made it huge. Duckdice will too if they do it right. Not making the players happy is not the way to go about it. But you can't make everybody happy, impossible. But you can make things just, and right.

I also once saw a casino where a player broke their bank. The owner called him up and they came to a payment arrangement which allowed the casino to continue and the player to collect. This was a $400k win. My point is that every situation can be fixed, it takes the will of both parties to achieve that. But it mostly takes the will of the casino to ensure that the player is tended to. Sometimes, it just takes the player being offered unhindered contact to upper management to make a huge difference in how things play out. After all, we're all just people. It's not hard, communication is always key.

As far as bonuses go, and from the research we've done on dice sites, there are no experienced operators that know the bonus structures that also know how to run the numbers. It's like they are pulling bonus structures out of their asses and no wonder they get bit, the numbers have to match. One of the very first things we built was a game simulator, so we could run millions of spins under different conditions and situations to see how the bonus structure and the actual game behaved. We have run billions of hands on our game, and I can tell you that yes, we may get wiped out by some lucky players, but we have no intention of going away if god forbid that ever happened, we will make every attempt to remain in business, and succeed. At least as long as I'm around.

I should mention also that the owners have been around about the same length of time as me, and we have many years of combined experience. i can't be sure, but to me, personally, this seems like a project that has a real good chance of success. Here's hoping that I'm right.

I have a very good grasp of what provably fair is I've been betting since 2013 and played on the vast majority of the dice sites that exist
and I never called your site scam ,I said dice sites that offer deposit bonuses are strongly associated with scam (and it is my personal opinion ,not a generally known fact)
simply because  there were several dice sites that offered bonuses and all of them are offline , many gone rogue
example:duckdice got lot of flak for it and the owner is wearing red tag still and stopped offering bonuses , you can search the forum yourself for the full story if you want to
oh and 2% house edge is what makes all the difference , with 1% house edge and 50x wagering requirement it is too easy for a good dicer to achieve the rollover and withdraw

Nice to see! Is this a roll dice kind of casino? I want also to register on their site but I do not have enough bitcoin right now. Well, I will just wait for the bounce back of bitcoin before I buy some of it. Did you have a minimum fee for withdrawal or deposit? I want to play poker but I cannot see anyone in this forum. Hm. But I think reeldice is also good. However, there are no promotion or advertisement about this in this forum.

Hi rijaljun, the mobile site is available, please have a look and give us your opinions. We'd love some feedback!

You provide no mathematical basis for this statement. Not even generally. Not even anecdotal. I'm going to assume that what you're talking about is some sites who have tried giving out bonuses have failed miserably and then reneged on paying out the bonuses once their asses are handed to them because they failed to properly do the math. Players will naturally call it a scam and they would be correct in assuming that the site should bear those losses with class. Instead, they look for ways to blame the player for their losses instead of admitting they didn't do math.

I don't think you really understand the phrase "Provably Fair". This just means that the spins or the choosing of the numbers can be proven to be fair through an independent means because the method of obtaining these numbers is transparent, and that players don't have to rely on the site being honest. It has no other bearing on any game as the probabilities for rolling one set of numbers is the same as rolling any other set of numbers. If a site does not offer bonuses and gives the excuse that being "Provably Fair" is the reason, I offer that the real reason is, they have no idea how to run the numbers.

To make some very simple math here. Say a 1000 satoshi deposit. Times 50 times requirement = 50000 satoshis worth of total bets. The game has a 2% and not a 1% house edge. So 50000 times 2% = 1000 satoshis, which gives the house an expected total win of 1000 satoshis. A 50% bonus returns 500 satoshis to the player. So yeah, we saw no reason to make the requirements higher than what is mathematically possible considering the odds of a player reaching it are 50% in the long run of course. I should also mention that these figures apply to millions of spins and not the few hundred you might be thinking about. Meaning a house gambles on the long game whilst a player is gambling on the short one.

Will there be variations on this math? Of course there will. The percentage between wins and losses in short runs can cause deviations that some people may see as huge. An example is that a player has a run of wins and accumulates a bigger bankroll and is able to reach the requirement with much more than he deposited, collect his bonus and withdraw. Casinos deal with this all the time. And if the casino only had one client and this one client got lucky and hit a lucky run, and lucky again to know when to quit, then yeah, it's a win for the player and what may be considered a huge loss for the casino. What many people don't take into account is that for every player that runs into such a lucky streak, you have ten that don't, just a random number to indicate that winners account for a very small percentage of the overall action on any casino floor. Hell, there is very little mathematical deviation from a dice game and any online slot machine.

A new site is very vulnerable during it's initial opening because a few players can exact huge winnings in a very short time. This is the reason why funding is important in the beginning for any gaming endeavor. The 50% bonus is not a gimmick, or a scam, it just means that the house is actually operating on half of the expected deposits. It also simply means it will need to attract twice the players in order to have the same profits that it would have if there were no bonus.

And actually, limiting the bonus to about the equivalent of €50 is a very conservative bonus plan, as it is meant to limit losses in the initial opening stages of the project. It also encourages maximum €100 deposits as past that amount, you don't get a bonus. Not limiting the bonuses is in reality a very risky move that might put a house in dangerous territory were a few players to hit lucky streaks which are very likely in the short term. The scam is usually never in the game, it is always based on the house's inability to come up with the funds to pay the outliers who can come in at the wrong time and bankrupt the house.

Reeldice is well funded. But we're still taking a conservative approach to the launch. Which is also why we reserve the right, as any house, to limit the deposit amounts and may or may not accept larger deposits. No, we won't be looking for whales for the time being. We encourage players to gamble responsibly, and we also take our own advice.

This is a fair statement. What is unfair is calling it a scam without providing any reason for doing so. BTW, of course it's empty now, it just launched. But I don't ever remember seeing a gambling site launch full of players. That takes time.

because deposit bonuses in a provably fair dice site is strongly associated with scam
name one legit provably fair dice site offering deposit bonuses?
this is due to the nature of provably fair dicing , since 50x wager is easily achieved
and it is either the site is giving the money away or it is a scam
either way I would never ever deposit to such a dice

You are right, nothing is new there but it's okay if they want to start this business.
Website is still in beta, I guess, and they are working on desktop website optimization to ensure users would be comfortable to play, so it can be the reason why mobile version is not ready or not available yet.

50% deposit bonuses? why not? that's pretty good to generate more users to join the platform.

the concept  is not new , bitvest had 6 digit dice for ages
it does allow for larger multipliers so its a good thing
other than that I do not see many pros there , its a new site , there is no mobile version as far as a I can see
the site looks deserted , the chat is empty and as much as I love good sense of humour , deposit bonuses are nothing to be joking about
still didn't get it - if it is real or a joke?
you cannot be offering 50% deposit bonuses with 50x wager on dice with a 1% house edge and provably fair rolls , it doesn't work this way

Thank you Luck,
Everyone on this project is pretty much on the same page. We all know that we're going to have problems to solve. We're also aware that how we go about solving them is what is going to make or break the business. Admitting to a mistake can be brutal. But we pretty much all think that admitting to one, and then making an honest effort to fix it is worth more in the long run than to try and evade the responsibility. A site can recover from pretty much anything if it handles it properly.

Will we make mistakes? Of course we will. But we'll also own them and work on fixing it rather than playing the blame game.

I like the approach taken on the site, also, I think it's a very good way to see that criticism is taken into account, because that is what makes a business grow. I know they have received good and bad reviews, but the bad ones are difficult to see, but they help to build, I think they have a very good way in which they manage from the management and that happens in very few projects and especially in games, I like the trust they give when depositing and when withdrawing, this speaks very well of the site.

Thank you. Pretty much all our guys are very aware that we're building this product so that people actually enjoy it. Management has consistently been drilling this into everyone's head since the first day of hiring. This is the main reason why we brought the site to you in what some may consider to be terrible shape. We all know that even though it's tough to listen to criticism, the only way to actually get it right is to listen to criticism. Even bad criticism is helpful if you take a step back and analyze it objectively. Maybe your FAQ needs rewording, maybe the message you're trying to get across is not understandable. There many reasons that prevent people from liking a site.
My experience has shown that taking it on the chin early will help you avoid problems later.

Thank you!

The gambling industry in general does not need to concern themselves with competition, or being huge.
Most times, it is enough to attract a certain number of players and this is usually enough to keep a site earning healthy profits.
Some past famous sites, as an example, UltimateBet, the poker site closed in 2012, were making in excess of 40 million per month on
deposits alone.

I'm going to answer this personally and based on my own experience. You would be surprised by how many gambling sites make huge amounts of money.
In the past, I have seen small niche casino sites for example, make hundreds of thousands of dollars per month with very few registered players. As well,
some of the bigger sites are raking in 10 figures each month. 100 bitcoins at today's prices is about $800,000 US, not a big float for a well travelled site.

I do high hopes from this Bitcoin Dice site but I doubt it stays in form of big casinos like primed mice and other old fruits. and by the way, how to hell these casinos get bankrolls of 100 Btc I do not think I can make such huge balance by myself. (At least not by alone :p)

^^
Having quick and accurate responses are always a good sign you are using a website the owner actually cares about their customers who come and play on there.
And for those who decide to deposit onto the site they have a better sense of trust when it comes to requesting a withdrawal as well. And to most who are playing on these gambling sites this is the most important thing they actually care about at the end of the day.

Listening from the community and acting on it is really a big plus to improve the services of a specific platform. It also indicates that they care for what is posted on their thread. If they will continue to do this, they will gain more loyal supporters. Prompt response from client's issues is also an important factor in gaining potential customers.