SATOSHINONCE.COM ~ REAL TRANSPARENT BETS ON THE BLOCKCHAIN - page 3.

Yuki1988

hero member

Activity: 614

Merit: 500

Quote from: satnonce on November 21, 2014, 11:05:46 AM

Quote from: elephantas1 on November 21, 2014, 08:10:28 AM

Its 1/100 chance to hit 50x and 1/10 chance for 3x. Isnt that a huge house edge?

The chance of matching the full number is of course 1/100. The chance of matching just one of the 2 digits (the first or the second) is 1/10 x 2=1/5 (there are 2 chance of 1/10 as the are 2 digits). When you place a bet on the Lucky Number (an integer between 00 and 99), with a single bet you have 3 different ways of winning and as total winning and as total winning odds the sum of the 3 possibilities: 21/100 (1/10+1/10+1/100).
In simple words when you place a unique bet on a single number you have 21 chance on 100 to win something.

It seems you have calculated the probabilities wrong.
The chance of matching only 1 digit should be 9/100 but not 1/10, as you should excluded the case of matching both digits.

elephantas1

sr. member

Activity: 378

Merit: 250

Quote from: satnonce on November 21, 2014, 11:05:46 AM

Quote from: elephantas1 on November 21, 2014, 08:10:28 AM

Its 1/100 chance to hit 50x and 1/10 chance for 3x. Isnt that a huge house edge?

The chance of matching the full number is of course 1/100. The chance of matching just one of the 2 digits (the first or the second) is 1/10 x 2=1/5 (there are 2 chance of 1/10 as the are 2 digits). When you place a bet on the Lucky Number (an integer between 00 and 99), with a single bet you have 3 different ways of winning and as total winning and as total winning odds the sum of the 3 possibilities: 21/100 (1/10+1/10+1/100).
In simple words when you place a unique bet on a single number you have 21 chance on 100 to win something.

But the real innovation we think we are bringing is the level of transparency and easiness of bets results verification. Nothing is decided o extracted by us.. It's the Bitcoin Blockchain that "produce" the lucky numbers whenever a new block is found by the miners community.

Hope this clarified a bit our policy. We are always very happy to hear your feedback on this game and we are open and very pleased to get suggestions from you

Thanks!!

Arghhhh can you just write the house edge and ill believe in you

rz20

legendary

Activity: 1330

Merit: 1001

I went back to 1999 after visiting your site.

Shogen

legendary

Activity: 966

Merit: 1001

The chance is hit 3x is 18/100.
The chance is hit 50x is 1/100.

So your site is paying back 104% on average to the players? Huh

satnonce

full member

Activity: 193

Merit: 100

www.blockchainlotteries.com

Quote from: goose20 on November 21, 2014, 10:25:18 PM

Cant see this taking off.

Blocks can take quite a while at times to come through. Be a bit boring placing a bet only to wait 30mins+ for the result. At least with sport you can watch the game etc.

Gambling is about the quick thrill/fix (dice) or putting skill/knowledge to use (poker). This has neither.

Thank you for your feedback.
We think Satoshinonce is more comparable to a lottery than a dice game or poker.
We know that having to wait few seconds up to 20+ minutes can be considered by someone as a downside of our game but the mission we are trying to accomplish is to set up a game that is 100% fair and this can be achieved through the amazing Blockchain.
We hope in fact that people will appreciate the high level of transparency we have by relying on the Blockchain results, but we are open to any feedback that could improve the way satoshinonce game is made!

Thanks!

goose20

legendary

Activity: 1173

Merit: 1000

Cant see this taking off.

Blocks can take quite a while at times to come through. Be a bit boring placing a bet only to wait 30mins+ for the result. At least with sport you can watch the game etc.

Gambling is about the quick thrill/fix (dice) or putting skill/knowledge to use (poker). This has neither.

erre

legendary

Activity: 1666

Merit: 1205

How is the house edge?

unamis76

legendary

Activity: 1512

Merit: 1012

Looks good, will try it out soon!

Erza

legendary

Activity: 1078

Merit: 1000

And the house edge?

I don't think this is a very fair game Sad

crazy-pilot

sr. member

Activity: 860

Merit: 253

SmartFi - EARN, LEND & TRADE

Quote from: Nerazzura on November 21, 2014, 12:27:30 AM

This is not good I think. you should provide a page for a personal account so that I can make a deposit before playing. and I do not need to make a deposit repeatedly

This is pretty much exactly how the original satoshi dice worked. They would have dedicated addresses that corresponded to various bets (based on theoretical win percentage rate), people would send btc to the address and after one confirmation you would either receive a very small amount to show that you lost or the win amount would be returned to you minus the TX fee.

It was so popular that most of the satoshi dice addresses are in the top 100 addresses with the most unique output addresses

satnonce

full member

Activity: 193

Merit: 100

www.blockchainlotteries.com

Quote from: Erza on November 21, 2014, 11:14:43 AM

So this is a 50/50 game?

21/100 game

satnonce

full member

Activity: 193

Merit: 100

www.blockchainlotteries.com

Quote from: SF-Man on November 21, 2014, 02:20:57 AM

Quote from: coingamblingreviews on November 21, 2014, 01:34:29 AM

I like what the graphic designer has done! Cool looking site

Hey man, I noticed your username, do you have any site about coin gambling reviews?

Is there any chance we could get a review from your site?

Erza

legendary

Activity: 1078

Merit: 1000

So this is a 50/50 game?

satnonce

full member

Activity: 193

Merit: 100

www.blockchainlotteries.com

Quote from: elephantas1 on November 21, 2014, 08:10:28 AM

Its 1/100 chance to hit 50x and 1/10 chance for 3x. Isnt that a huge house edge?

The chance of matching the full number is of course 1/100. The chance of matching just one of the 2 digits (the first or the second) is 1/10 x 2=1/5 (there are 2 chance of 1/10 as the are 2 digits). When you place a bet on the Lucky Number (an integer between 00 and 99), with a single bet you have 3 different ways of winning and as total winning and as total winning odds the sum of the 3 possibilities: 21/100 (1/10+1/10+1/100).
In simple words when you place a unique bet on a single number you have 21 chance on 100 to win something.

But the real innovation we think we are bringing is the level of transparency and easiness of bets results verification. Nothing is decided o extracted by us.. It's the Bitcoin Blockchain that "produce" the lucky numbers whenever a new block is found by the miners community.

Hope this clarified a bit our policy. We are always very happy to hear your feedback on this game and we are open and very pleased to get suggestions from you

Thanks!!

elephantas1

sr. member

Activity: 378

Merit: 250

Its 1/100 chance to hit 50x and 1/10 chance for 3x. Isnt that a huge house edge?

SF-Man

member

Activity: 98

Merit: 10

Quote from: coingamblingreviews on November 21, 2014, 01:34:29 AM

I like what the graphic designer has done! Cool looking site

Hey man, I noticed your username, do you have any site about coin gambling reviews?

coingamblingreviews

legendary

Activity: 1043

Merit: 1032

★Bitcoin Gambling Reviews★

I like what the graphic designer has done! Cool looking site

bajing

legendary

Activity: 1176

Merit: 1001

The most Professional Cryptocurrency Casino

for match 2 digit number, it's too hard for win.. maybe looks like lotto this game

Nerazzura

sr. member

Activity: 378

Merit: 250

This is not good I think. you should provide a page for a personal account so that I can make a deposit before playing. and I do not need to make a deposit repeatedly

satnonce

full member

Activity: 193

Merit: 100

www.blockchainlotteries.com

a NEW WEBSITE is coming on the gambling scene: http://www.satoshinonce.com

THE MISSION:

ONLY TRANSPARENT BETS ON THE BLOCKCHAIN
NO INTERNAL SOFTWARE TO ROLL DICE OR SPIN WHEELS BEHIND YOUR BACK!!!!

THE PRIZE:

WIN 35X YOUR BET IF YOU MATCH YOUR NONCE LAST 2 DIGITS (LUCKY NUMBER)

WIN 3.5X YOUR BET IF YOU MATCH ONLY 1 DIGIT OF THE LUCKY NUMBER

come and have a look: http://www.satoshinonce.com

Topic: SATOSHINONCE.COM ~ REAL TRANSPARENT BETS ON THE BLOCKCHAIN - page 3. (Read 3632 times)