Topic: 🌟 🌟 🌟 Satoshiround.com | ODD or EVEN game on-chain | Payout BET X 3! 🌟 🌟 🌟 - page 2. (Read 582 times)

this is some huge milestone,congratulations 
hope you reach another 100 bets by the end of this year!
and yeah, to add to darkstar's and loycev's comments: lower the house edge,it is simply ridiculously high and not competetive
however you put it, 21% HE is one of the worst I've seen in gambling,make it 5% or less or risk counting bets made at your site in dozens

Big time to try the new Satoshiround.com ODD or EVEN game with Bitcoin or Bitcoin Cash!
Low transaction fees and value at the lows of the period, enjoy!

Near the first 100 bets!
Thanks to all the players for the trust and good luck!
We will improve our game more and more.

Hi BTCevo, now our house edge is about 21.8, not 30. At the top of our list of things to do there is just the lower house edge 

There is odds and even options which mean if there is a b c d e f house will win right? And how much is the payout then? If I coun it right then it must be like x3 on dice games, you should have at least this payout of you want to attract people here. Because 30% house edge is pretty huge and if do not give the exact payout then people will choose dice for sure since it is easier by playing dice

Hi JL421, our HE is lower than 25%, but we will try to do better and better!

Just a little heads up currently most sites have house edge of max 25% and yours is a lot i hope you consider to reduce your house edge

Everyone can choose how to try to win their coins in the way they prefer and in the way that they think best/fun. But believe me, the concept of "house edge" and the mathematics behind gambling is as clear to me as to all professional players, as to all owners of betting websites.
Anyway!
Judging from the first 24 hours of betting (without having purchased paid advertising), I would say that many users have decided to have fun with us
Some players have won, others do not, others will win but evidently some users prefer to play "10" bets and try their luck and enjoying the wait for the block generation and the charm of the blockchain rather than consume the mouse button playing "1000" rounds of usual and boring dice games.
If the trend continues to be positive we will repay our players with lower house margins, higher multipliers and other goodies! 
Enjoy!

I think you are the one who isn't clear of the concept of house edge. With a 21% edge, I'm expected to lose 21% of my bet, every time I make a bet. The player is expected to (and should expect to) go bankrupt in 5 bets. Why do I care? Because I prefer to play an expected 100 bets, compared to 5 bets. I would say more bets = more excitement.

It is a different game, but would 5 bets here provide more entertainment than 100 bets elsewhere? (this is assuming each bet is a static amount)


With a 0.1% house edge (lets assume we play on the totally not a scam 999dice^[1], with a 0.1% edge), I'm expected to go bankrupt after 1000 bets of an even amount. I would not become rich, but I would lose money slower.

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^[1] In case my sarcasm isn't obvious, to anyone reading this post, please avoid 999dice; they are a scam.

Yes I understand some people are bored of dice.

However I don't think they will switch over to a different type of game if there is a house edge that's majority against them.

Most people that play these types of high house edge games is usually because they are illinformed of the odds against them.

Take the lottery or the slots in a real casino. Everybody gambles those ways only because they have no idea that it's very difficult to win.

Oh! thanks for the correction! Ive been calculating basing on the winning chance all summed then percentage left was i mentioned which is incorrect. I didnt notice house do have that House: a b c d e f which based on the formula above you would really result to 21.875% which is really high.

But you do need to agree that the player is betting the same as this dice sites like what he mentioned for lesser winnings, which on the player's perspective is not good. The concept and the provably fair system is great but if the winnings are not that great or in anywhere competitive like what others are giving you might have trouble finding loyal members to your game. Boosting the multiplier up to 3.00x won't also hurt your house edge but at the same time will match what other gambling sites are offering.

Games like this (I'm talking about on-chain based games not casino dice) have higher house edges, we've done a similar game but with a lower house edge and in the future we will work to lower it more.

A winning of 2.5x is low for winning percentage the player has. Other gambling sites particularly the ones who have dice sites have their 31.25% chance of winning make their winnings multiplied by 3.168x which is 66.8% more than what you are offering. Also you have the edge here with every bet you have more than 60% chance of getting the players bet is big. You should make the winning multiplier bigger than what you are offering now, you can even change the rules and make the 60% edge to the player but with a lesser multiplier.

LoyceV, no, I don't expect everyone agree, I expect that we are talking about real facts and that information is not misrepresented.
That blessed "101%" it's just a way of saying that we have no way to manipulate the result, if 100% means to generate keys safely (the standard method of casinos) we are even more fair than that. We assumed that "101%" is just a saying, I hope it is clear now.
If a player wants casinos to earn nothing, then he should simply not play.
We were honest writing in main post that the first of our goals is to lower the house edge and increase the win multiplier.
Try to play, give a chance if you like this kind of games. We are here to clarify any doubt and provide technical support, not for arguing 

Only quoting the relevant part is normal forum etiquette, I did snip (~) to make a point.

Now who's decontextualizing things? My point is: you can't ignore the house edge and pretend it's all luck only.

Please don't say 1 in 6^1000 isn't a limit.

As a programmer, you should know "101%" doesn't make sense at all. 100% fair is the maximum, pretending to be more than that is impossible and can only be used to convince naive users.

That's just semantics, it's all connected.

Imagine the opposite: you play only once, and lose. Of course I'm interested in the house edge!

A low house edge doesn't make a game EV+. But it does give you a better chance than a high edge.

Well, you can't expect everyone to just agree.

You have decontextualized everything that I wrote to your advantage and you have used only some parts. This should not be done. The reality is that you're talking about things you do not know, and it's easy to understand it.
1. The "spirit" is just a fancy way of saying: choose odd or even based on what you feel.
2. If you know how statistics work, you know you can win many times consecutively or lose many consecutively. Without statistic limits.
3. I NEVER WROTE: "I'm a programmer ~, our system is 101%." I WROTE: "I'm a programmer, there are a thousand ways to make dishonest a system that would
be fair". Seriously, who do you think you're talking to?
4. Odds is not the same as house edge. If you do not understand this, avoid talking badly about what you do not know.
5. Imagine this situation: You play only once at our game and win. Are you still interested in the house edge?
6. If the house edge is so important at the end of the odds then I challenge you: go to the casino with the lowest existing house edge and play. You will surely become rich! But please!
I'm willing to talk about everything, but throwing mud on something without any motivation is not good for me.

Saying the house edge is not related to a good or bad game doesn't make any sense. That's like saying chances, odds and coincidence have nothing to do with a game being either good or bad, but it's all up to "the spirits".

This simply doesn't make any sense.

Are you seriously asking why players care about the odds they're given?

Although that's true, it's also all the more reason to warn people against games with a high edge.

Dear adaseb, there are people who love dice, others who prefer roulette, others slot machines, etc. This is a different game, some love on-chain games and the fact that they are based exclusively on the blockchain with its charm.
Why do you care so much as the house wins if you have 1 chance in 3 to win your bet multiplied by 2.5?
If you like the game, play. If you do not like it, you can do something else. I believe that the concept of "house edge" to date is not yet clear to many.

Dear friend, the "nonce: server_seed: client_seed" system is safe in itself...BUT...the problem is that sometimes the way it is applied is not sure.
Seed hidden until clicking a button, autobetting with resetting the seed when you return to manual play, "copy" ad-hoc managed function, modification of some seed characters (which at first sight seem the same), etc.
I'm a programmer, there are a thousand ways to make dishonest a system that would be fair, if these are systems considered 100% fair, our system is 101%.
But I do not want to talk bad about casinos, most of them are honest and their HE is enough to keep them healthy;)

Returning to talk about our game: a (totally crazy) miner, could virtually discard the block that included his transaction which would have been non-winning, in this way he will modify the entire result, it is true but for all other bets/players the next block would still offer a random result.
It does not change anything for anyone except for the miner (which has lost the intere reward for which it worked, without the certainty of winning the next block  ), do you understand?
Ask me to think of a number from 1 to 16, I know perfectly what number I will tell you, but you do not know, so for you the result is still random.
There is nothing misleading, so I ask you the courtesy to return to the topic, we are launching a new game here and I believe that we have dwelt enough on the "101%"