SatoshiDices success reason. | Bitcointalksearch.org

bit777

sr. member

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Quote from: Professor James Moriarty on May 01, 2013, 11:34:04 AM

Is there a chart that shows how much of their income is from blockchain? I am looking at some charts of satoshidice and it looks fairly regular like a regular casino I mean . I think the bitcoin affect doesnt effect the casino world , if its dollars fine , if its euro fine , if its yen still fine , if bitcoin still same.

SatoshiDice is nothing more than a regular casino game with a high house edge. In all honesty you might be better off playing Baccarat (1.06% house edge on Banker bet) or Video Poker (Jacks or Better - 0.46% house edge) or Spanish BJ (0.76% house edge).

As a comparison:
https://en.bitcoin.it/wiki/SatoshiDice
Each wager address has different odds, and each gives the house an edge of 1.90% (i.e., payouts are 98.1% when including the payout to the losing bets). The website shows the full list of wager addresses and odds.

If anyone thinks it is different he is clearly in the wrong.

MPOE-PR

hero member

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Quote from: bit777 on May 01, 2013, 09:21:26 AM

Being the 1st always matters. Copycats never survive.

Tell GLBSE that.

Professor James Moriarty

sr. member

Activity: 434

Merit: 250

Is there a chart that shows how much of their income is from blockchain? I am looking at some charts of satoshidice and it looks fairly regular like a regular casino I mean . I think the bitcoin affect doesnt effect the casino world , if its dollars fine , if its euro fine , if its yen still fine , if bitcoin still same.

talnted

full member

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Merit: 100

www.bitcoingem.com

The blockchain.info form. Without that no way do they make anywhere close to as much.

Professor James Moriarty

sr. member

Activity: 434

Merit: 250

Maybe if someone has enough money and builds a trust with a decent roi game until everyone starts to trust them and gets involved with a lot of other trustworthy websites like blockchain and/or some faucets and even probably get known bitcoin bloggers to write about them in either return of mutual deal or for some money , maybe with that kind of publicity such a thing could be possible.

puffpuffpass

member

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I'm nobody.

they have a lot of history/trustworthy? who cares. I don't like satoshidice, or any game where the house exploits peoples desire to better their lives.

bit777

sr. member

Activity: 420

Merit: 250

Being the 1st always matters. Copycats never survive.

Professor James Moriarty

sr. member

Activity: 434

Merit: 250

I do not believe they are any different comparing to many alikes when it comes to the system. They have bunch of copies just as same as they are , why do you think they are so succesful (making 3000+ btc a month I think) . Is it because they were one of the first? Is it because they are on the blockchain? Is it because people know who they are dealing with and contact the people at satoshidice? Is it because the owners are trustworthy people on the community?

Any reasons you may have that you can add or contribute would be welcome. I think making similar system would cost about 1-2 hours and not a single dime if anyone wants to make one so I wonder why would anyone fail to be take their market share . I wonder if someone making a similar system and put it on blockchain would make decent of money like them.

Topic: SatoshiDices success reason. (Read 1133 times)