The 50/50 Game | Double or Nothing | Min: 0.001 / Max: 0.002 | 200% Payout

Buziss

hero member

Activity: 896

Merit: 1000

Quote from: anbu_haku on March 13, 2014, 12:04:43 PM

Thanks Buziss for highlighting it, I really didn't know about that & yes, I did miss the point about that "broadcasting".

Thanks again!! Grin

You are welcome.

Quote from: anbu_haku on March 13, 2014, 12:04:43 PM

Need to come up with another provably fair method of doing this than.

You may want to take a look how other on-chain gambling sites (such as SatoshiDice or luckyb.it) works.

anbu_haku

newbie

Activity: 6

Merit: 0

Thanks Buziss for highlighting it, I really didn't know about that & yes, I did miss the point about that "broadcasting".

Need to come up with another provably fair method of doing this than.

Thanks again!! Grin

To others:

Please do not make any bets yet!

Buziss

hero member

Activity: 896

Merit: 1000

So there are only 2 possible outcomes IMHO:

1. You run with all the money, and all bettors lose their money.
2. All (or at least most) of the bettors win their bets, and you lose your money.

Buziss

hero member

Activity: 896

Merit: 1000

Quote from: anbu_haku on March 13, 2014, 11:51:19 AM

Quote from: Buziss on March 13, 2014, 11:38:32 AM

So the result is solely based on the Tx ID, right?
And, you know we can check the Tx ID before broadcasting the Tx, right?

True, but in order to have a "valid" bet you would need to have an uneditted post bet in this thread before executing the Tx

Guess you misunderstood my point.

Say I make a reply "High", and I will create a tx to your address.
Before broadcasting the tx, I will check if I will win with it.
If not, I will create another tx with another input so that it will have a different tx id, and check if I will win; and so on.

anbu_haku

newbie

Activity: 6

Merit: 0

Quote from: Buziss on March 13, 2014, 11:38:32 AM

So the result is solely based on the Tx ID, right?
And, you know we can check the Tx ID before broadcasting the Tx, right?

True, but in order to have a "valid" bet you would need to have an uneditted post bet in this thread before executing the Tx

anbu_haku

newbie

Activity: 6

Merit: 0

Quote from: Kyraishi on March 13, 2014, 11:38:15 AM

okay I understand, but are you planning to do more than double? maybe triple ?

Its a possibility. Thanks for the idea Wink

but instead of using the 1st 8 character, the rule would be to use the 1st 16th character of ID to increase the difficulity.

Buziss

hero member

Activity: 896

Merit: 1000

Quote from: Kyraishi on March 13, 2014, 11:39:50 AM

Quote from: Buziss on March 13, 2014, 11:38:32 AM

So the result is solely based on the Tx ID, right?
And, you know we can check the Tx ID before broadcasting the Tx, right?

really?

I guess you are referring to my second line...
And yes, we can easily do that...

Kyraishi

hero member

Activity: 952

Merit: 513

Quote from: Buziss on March 13, 2014, 11:38:32 AM

So the result is solely based on the Tx ID, right?
And, you know we can check the Tx ID before broadcasting the Tx, right?

really?

Buziss

hero member

Activity: 896

Merit: 1000

So the result is solely based on the Tx ID, right?
And, you know we can check the Tx ID before broadcasting the Tx, right?

Kyraishi

hero member

Activity: 952

Merit: 513

Quote from: anbu_haku on March 13, 2014, 11:36:27 AM

Quote from: Kyraishi on March 13, 2014, 11:27:07 AM

24 hours waiting for a such small amount bet?
you must be kidding aren't you?
sorry but me, I can't wait long.

Since I am not able to be in front of the screen constantly, I'm giving myself that much time to check the thread, verify bets & make payouts. I do apologies if its too long.

My long term goal, is to have a proper site with the same rules with a semi-auto or auto-payout feature. So while I'm learning to understand and create the daemon/program for the site, I thought why not get the game started in BT first Wink

okay I understand, but are you planning to do more than double? maybe triple ?

anbu_haku

newbie

Activity: 6

Merit: 0

Quote from: Kyraishi on March 13, 2014, 11:27:07 AM

24 hours waiting for a such small amount bet?
you must be kidding aren't you?
sorry but me, I can't wait long.

Since I am not able to be in front of the screen constantly, I'm giving myself that much time to check the thread, verify bets & make payouts. I do apologies if its too long.

My long term goal, is to have a proper site with the same rules with a semi-auto or auto-payout feature. So while I'm learning to understand and create the daemon/program for the site, I thought why not get the game started in BT first Wink

anbu_haku

newbie

Activity: 6

Merit: 0

I'm doing this in hopes to build trust & make profit in the long run. Hence having a very low bet amount.

Hope it is cool with you all Wink

Kyraishi

hero member

Activity: 952

Merit: 513

24 hours waiting for a such small amount bet?
you must be kidding aren't you?
sorry but me, I can't wait long.

anbu_haku

newbie

Activity: 6

Merit: 0

The 50/50 Game
Double or Nothing

Hi BTC Lovers,

Please DO NOT trust me! Shocked

.. but I wish to start a game that doubles your bet with a 50/50 chance Grin

So let's start small & if it turns out OK, I'll create a proper site for it once I've established trust within the forum & have a sizeable pot. Here we go!

Steps to Participate:

Reply this thread with your bet in this format: BTC0.001 LOW or BTC0.001 HIGH
Send your bet amount to 1NZqVuzVkUGUk6wcdnk7QX8ZwRK93WzART (The 50/50 Game Pot)
Copy your Transaction ID ("TID")
Quote your bet post earlier & reply with your TID
I will manually make confirmations & do a simple calculation on the first 8 characters of the TID based on the calculation rules below
If you bet BTC0.001 HIGH & calculation result > 60, you win & I will send BTC0.002 either from Pot or Reserve
If you bet BTC0.001 LOW & calculation result > 60, you lose & get nothing

The Rules

The 50/50 Game Reserve: ~ BTC0.014 (as of 13/04/14)
Minimum Bet: BTC0.001
Maximum Bet: BTC0.002 (will increase when Reserve increases)
Editted bet post are not accepted. If you wish to change a bet, delete original post & make a new bet post
Bets will be verified against transaction's timestamp & confirmation
Ensure that the timestamp for your bet post in BT is before transaction's timestamp
Give me at least 24-48 hours for verification & payout (will give notice in thread if otherwise)
No Refunds
Transaction ID Conversion Table:

TID Character Convert To
0 - 9 0 - 9
A 10
B 11
C 12
D 13
E 14
F 15

TID Result Calculation

TID's 1st 8 characters lowest possible result: 00000000
TID's 1st 8 characters highest possible Result: FFFFFFFF
Convert TID's 1st 8 characters as per table above & calculate the total sum from each value
Minimum Calculation Result: 0
Maximum Calculation Result: 120
Low Bid Result: 0 - 60
High Bid Result: 61 - 120

Calculation Example

TID Result: D7A50CBF
TID Conversion: (13)D 7 (10)A 5 0 (12)C (11)B (15)F
TID Calculate: 13+7+10+5+0+12+11+15
TID Calculation Result (Bet Result): 73
Win if bet HIGH, Lose if bet LOW

Funds Allocation

Winning bets are DOUBLED (e.g. Bet BTC0.001, Get BTC0.002)
Winnings are given from the Pot or Reserve
Lossing bets will split 50/50 (i.e. 50% Pot, 50% Reserve)
The 50/50 Game Pot is public -- used for the game's continuation & growth
The 50/50 Game Reserve is private -- my personal gains or used for payout if Pot has BTC0

Good Luck! Grin

ANBU Haku

P/s: Senior or Trusted BTC member, please quote OP. I will only make minor changes & regular updates for the Reserve amount & maximum bets. Thank you.

TID Character	Convert To
0 - 9	0 - 9
A	10
B	11
C	12
D	13
E	14
F	15

Topic: The 50/50 Game | Double or Nothing | Min: 0.001 / Max: 0.002 | 200% Payout (Read 948 times)