Pages:
Author

Topic: SatoshiBet Bitcoin Casino - Provably Fair - Bonuses - Play Roulette, Blackjack - page 32. (Read 85950 times)

legendary
Activity: 3794
Merit: 1030
The Best Tipster on the Forum!!
doV
member
Activity: 109
Merit: 10
Here is a lazy Sunday no deposit bonus code BTALK-150315-SUN
Good luck!
Thanks for the code, I'm not too late this time Smiley
full member
Activity: 146
Merit: 100
hero member
Activity: 626
Merit: 500
https://satoshibet.com
Here is a lazy Sunday no deposit bonus code BTALK-150315-SUN
Good luck!
legendary
Activity: 2562
Merit: 1414

This is just my estimation, because I have only 1 case to calculate, maybe the figure is too high. In general, thousands of tests can estimate the real house edge.

PS: I just find a link which shows all casino games house edge. http://wizardofodds.com/gambling/house-edge/   It shows slots have 2%-15% house edge, even 15% is also very crazy.

I think satoshibet could address this by showing up the house edge of their slot
Reading that and i found that it seems like there is no actual calculation either to the 2- 15 % claim but of all that, the wizardofodds sites is pretty good as it covers most of the game
hero member
Activity: 840
Merit: 1000
How many percentage you have completed?

Once I busted for 2.1X rollover, the other time I busted 30X rollover, used a arbitrage method, but still busted.

Almost impossible to withdraw from them and complete the wager requirement if don't deposit money.

it will be hard to complete the wagering requirement, i got 2 of the free codes before and busted them all in slots, playing at roulete will need you to wager 45 btc before you can withdraw it which will take quite some times since wager contribution for it is 10 %, only completed like 10% before i busted them all out, which was fun to try out i think



yeah, european roulette has 2.7% house edge, and only contributes 10%, it means that casino has confident most people won't hit the wager requirement 35X-50X with this 2.7%*10 = 27% house edge.

Slot has even higher house edge, about 50%. That's why most people busted only 2X rollover if they only play slots.

the wager requirement for my bonuses was 4.5 btc which if you play at roulette onl, you will need alone to wager 45 btc, people could actually hit this but it would take quite a while to reach that with the chance to bust your bankroll halfway, btw where did you get the 50% house edge number?

My friend owns a dice site, he told me there is a formula: house edge * wager amount = casino profit

For example, dice has 1% house edge, the theoretical casino long term profit is: 1% * wager amount. If a site has a 10k wager in total, the theoretical casino profit is: =10k *1% = 100btc.

Therefore I use that formula to estimate the house edge of slot. I have 0.1btc as principal money, I wagered 0.2btc in total and busted, casino profit is 0.1btc. house edge  = casino profit / wager amount = 0.1 / 0.2 =50%.

The lowest game in casino blackjack, house edge is under 0.6%, it means that if you play 1000 hands, casino can win (50%+0.6%) *1000 = 506 hands, you win 494 hans, casino earns  506 - 494 = 8 hands in 10k hands.

your formula is a bit messed up i think, because if you use the same logic for any other game then the house edge will be the same

if you have wagered 1 btc the house edge would be 0.1/1 = 10 %

that is if we use your formula, im not an expert on house edge thing, but i doubt that slots actually reach  50%

This is just my estimation, because I have only 1 case to calculate, maybe the figure is too high. In general, thousands of tests can estimate the real house edge.

PS: I just find a link which shows all casino games house edge. http://wizardofodds.com/gambling/house-edge/   It shows slots have 2%-15% house edge, even 15% is also very crazy.
legendary
Activity: 2562
Merit: 1414
How many percentage you have completed?

Once I busted for 2.1X rollover, the other time I busted 30X rollover, used a arbitrage method, but still busted.

Almost impossible to withdraw from them and complete the wager requirement if don't deposit money.

it will be hard to complete the wagering requirement, i got 2 of the free codes before and busted them all in slots, playing at roulete will need you to wager 45 btc before you can withdraw it which will take quite some times since wager contribution for it is 10 %, only completed like 10% before i busted them all out, which was fun to try out i think



yeah, european roulette has 2.7% house edge, and only contributes 10%, it means that casino has confident most people won't hit the wager requirement 35X-50X with this 2.7%*10 = 27% house edge.

Slot has even higher house edge, about 50%. That's why most people busted only 2X rollover if they only play slots.

the wager requirement for my bonuses was 4.5 btc which if you play at roulette onl, you will need alone to wager 45 btc, people could actually hit this but it would take quite a while to reach that with the chance to bust your bankroll halfway, btw where did you get the 50% house edge number?

My friend owns a dice site, he told me there is a formula: house edge * wager amount = casino profit

For example, dice has 1% house edge, the theoretical casino long term profit is: 1% * wager amount. If a site has a 10k wager in total, the theoretical casino profit is: =10k *1% = 100btc.

Therefore I use that formula to estimate the house edge of slot. I have 0.1btc as principal money, I wagered 0.2btc in total and busted, casino profit is 0.1btc. house edge  = casino profit / wager amount = 0.1 / 0.2 =50%.

The lowest game in casino blackjack, house edge is under 0.6%, it means that if you play 1000 hands, casino can win (50%+0.6%) *1000 = 506 hands, you win 494 hans, casino earns  506 - 494 = 8 hands in 10k hands.

your formula is a bit messed up i think, because if you use the same logic for any other game then the house edge will be the same

if you have wagered 1 btc the house edge would be 0.1/1 = 10 %

that is if we use your formula, im not an expert on house edge thing, but i doubt that slots actually reach  50%
hero member
Activity: 840
Merit: 1000
How many percentage you have completed?

Once I busted for 2.1X rollover, the other time I busted 30X rollover, used a arbitrage method, but still busted.

Almost impossible to withdraw from them and complete the wager requirement if don't deposit money.

it will be hard to complete the wagering requirement, i got 2 of the free codes before and busted them all in slots, playing at roulete will need you to wager 45 btc before you can withdraw it which will take quite some times since wager contribution for it is 10 %, only completed like 10% before i busted them all out, which was fun to try out i think



yeah, european roulette has 2.7% house edge, and only contributes 10%, it means that casino has confident most people won't hit the wager requirement 35X-50X with this 2.7%*10 = 27% house edge.

Slot has even higher house edge, about 50%. That's why most people busted only 2X rollover if they only play slots.

the wager requirement for my bonuses was 4.5 btc which if you play at roulette onl, you will need alone to wager 45 btc, people could actually hit this but it would take quite a while to reach that with the chance to bust your bankroll halfway, btw where did you get the 50% house edge number?

My friend owns a dice site, he told me there is a formula: house edge * wager amount = casino profit

For example, dice has 1% house edge, the theoretical casino long term profit is: 1% * wager amount. If a site has a 10k wager in total, the theoretical casino profit is: =10k *1% = 100btc.

Therefore I use that formula to estimate the house edge of slot. I have 0.1btc as principal money, I wagered 0.2btc in total and busted, casino profit is 0.1btc. house edge  = casino profit / wager amount = 0.1 / 0.2 =50%. But this is just my estimation, because I have only 1 case, maybe the figure is too high. In general, thousands of tests can estimate the real house edge.

The lowest game in casino blackjack, house edge is under 0.6%, it means that if you play 1000 hands, casino can win (50%+0.6%) *1000 = 506 hands, you win 494 hans, casino earns  506 - 494 = 8 hands in 10k hands. That's why most casino don't allow us to play blackjack with the bonus money, only higher house edge game can be played using bonus money.  Cheesy

PS: I just find a link which shows all casino games house edge. http://wizardofodds.com/gambling/house-edge/   It shows slots have 2%-15% house edge, even 15% is also very crazy.
legendary
Activity: 2562
Merit: 1414
How many percentage you have completed?

Once I busted for 2.1X rollover, the other time I busted 30X rollover, used a arbitrage method, but still busted.

Almost impossible to withdraw from them and complete the wager requirement if don't deposit money.

it will be hard to complete the wagering requirement, i got 2 of the free codes before and busted them all in slots, playing at roulete will need you to wager 45 btc before you can withdraw it which will take quite some times since wager contribution for it is 10 %, only completed like 10% before i busted them all out, which was fun to try out i think



yeah, european roulette has 2.7% house edge, and only contributes 10%, it means that casino has confident most people won't hit the wager requirement 35X-50X with this 2.7%*10 = 27% house edge.

Slot has even higher house edge, about 50%. That's why most people busted only 2X rollover if they only play slots.

the wager requirement for my bonuses was 4.5 btc which if you play at roulette onl, you will need alone to wager 45 btc, people could actually hit this but it would take quite a while to reach that with the chance to bust your bankroll halfway, btw where did you get the 50% house edge number?
hero member
Activity: 840
Merit: 1000
How many percentage you have completed?

Once I busted for 2.1X rollover, the other time I busted 30X rollover, used a arbitrage method, but still busted.

Almost impossible to withdraw from them and complete the wager requirement if don't deposit money.

it will be hard to complete the wagering requirement, i got 2 of the free codes before and busted them all in slots, playing at roulete will need you to wager 45 btc before you can withdraw it which will take quite some times since wager contribution for it is 10 %, only completed like 10% before i busted them all out, which was fun to try out i think



yeah, european roulette has 2.7% house edge, and only contributes 10%, it means that casino has confident most people won't hit the wager requirement 35X-50X with this 2.7%*10 = 27% house edge.

Slot has even higher house edge, about 50%. That's why most people busted only 2X rollover if they only play slots.
legendary
Activity: 2562
Merit: 1414
How many percentage you have completed?

Once I busted for 2.1X rollover, the other time I busted 30X rollover, used a arbitrage method, but still busted.

Almost impossible to withdraw from them and complete the wager requirement if don't deposit money.

it will be hard to complete the wagering requirement, i got 2 of the free codes before and busted them all in slots, playing at roulete will need you to wager 45 btc before you can withdraw it which will take quite some times since wager contribution for it is 10 %, only completed like 10% before i busted them all out, which was fun to try out i think

hero member
Activity: 840
Merit: 1000
Here is a new review about us http://bitcoinist.net/satoshi-bet-exclusive-interview/ . Feel free to share!
And the best part is that it comes with a new no deposit bonus code BTALK-130315-FR-3-SB !
Good luck and have a nice weekend!

thanks for the 100mbtc bnus, but i cant play any game like dice or so, only roullete Sad

Not only roulette, dude.

https://satoshibet.com/bonuses_terms

Casino games count differently towards the bonus wagering requirements. Slots compared to Table Games have a different contribution towards releasing the bonus. Please find the full list below:

Slots: 100% contribution to wagering requirements
Roulette: 10% contribution to wagering requirements
Video Poker: 10% contribution to wagering requirements
Other games: No contribution to wagering requirements (yet!)

you can play video poker, roulette and slots.

lol i bust in the way to get wager requirements Tongue

How many percentage you have completed?

Once I busted for 2.1X rollover, the other time I busted 30X rollover, used a arbitrage method, but still busted.

Almost impossible to withdraw from them and complete the wager requirement if don't deposit money.
sr. member
Activity: 252
Merit: 250
★777Coin.com★ Fun BTC Casino!
Here is a new review about us http://bitcoinist.net/satoshi-bet-exclusive-interview/ . Feel free to share!
And the best part is that it comes with a new no deposit bonus code BTALK-130315-FR-3-SB !
Good luck and have a nice weekend!

thanks for the 100mbtc bnus, but i cant play any game like dice or so, only roullete Sad

Not only roulette, dude.

https://satoshibet.com/bonuses_terms

Casino games count differently towards the bonus wagering requirements. Slots compared to Table Games have a different contribution towards releasing the bonus. Please find the full list below:

Slots: 100% contribution to wagering requirements
Roulette: 10% contribution to wagering requirements
Video Poker: 10% contribution to wagering requirements
Other games: No contribution to wagering requirements (yet!)

you can play video poker, roulette and slots.

lol i bust in the way to get wager requirements Tongue
hero member
Activity: 626
Merit: 500
https://satoshibet.com
Anyone enjoying the spring break as I do? Are you drunk, high or stuck in a threesome? Here is a bonus to make it perfect BTALK-SPRING-BREAK
Enjoy!
hero member
Activity: 840
Merit: 1000
Here is a new review about us http://bitcoinist.net/satoshi-bet-exclusive-interview/ . Feel free to share!
And the best part is that it comes with a new no deposit bonus code BTALK-130315-FR-3-SB !
Good luck and have a nice weekend!

thanks for the 100mbtc bnus, but i cant play any game like dice or so, only roullete Sad

Not only roulette, dude.

https://satoshibet.com/bonuses_terms

Casino games count differently towards the bonus wagering requirements. Slots compared to Table Games have a different contribution towards releasing the bonus. Please find the full list below:

Slots: 100% contribution to wagering requirements
Roulette: 10% contribution to wagering requirements
Video Poker: 10% contribution to wagering requirements
Other games: No contribution to wagering requirements (yet!)

you can play video poker, roulette and slots.
sr. member
Activity: 252
Merit: 250
★777Coin.com★ Fun BTC Casino!
Here is a new review about us http://bitcoinist.net/satoshi-bet-exclusive-interview/ . Feel free to share!
And the best part is that it comes with a new no deposit bonus code BTALK-130315-FR-3-SB !
Good luck and have a nice weekend!

thanks for the 100mbtc bnus, but i cant play any game like dice or so, only roullete Sad
hero member
Activity: 626
Merit: 500
https://satoshibet.com
Here is a new review about us http://bitcoinist.net/satoshi-bet-exclusive-interview/ . Feel free to share!
And the best part is that it comes with a new no deposit bonus code BTALK-130315-FR-3-SB !
Good luck and have a nice weekend!
legendary
Activity: 1540
Merit: 1016
Here is a Friday bonus BTALK-130315-FR
Good luck!

LOL, i am late again, just late for 1 hour.  Cry

how many times can this code be redeemed?



Here is another one BTALK-130315-FR2

may I ask how often do you give up free code everyday? since there was already 2 codes given for today, i doubt there gonna be a 3rd one for today, hoping to grab one but it seems like some people are always watching this thread and grab them whenever the code is posted
sr. member
Activity: 406
Merit: 250
Sorry for the late reply. All is good now. I love this site! Pure awesome!
legendary
Activity: 1050
Merit: 1000
Here is a Friday bonus BTALK-130315-FR
Good luck!

LOL, i am late again, just late for 1 hour.  Cry

how many times can this code be redeemed?



Here is another one BTALK-130315-FR2

late to claim there, already claimed players too fast to claim waiting for next promo code,
that was second code in a day and i missed both.
Pages:
Jump to: