The Crypto-Joker Game Version 2 ***Pays 60% of the Total Daily Entries Amount***

boopy265420

legendary

Activity: 1876

Merit: 1005

Quote from: tsoPANos on June 15, 2015, 07:20:33 AM

Quote from: fast2fix on June 14, 2015, 05:44:58 AM

hmm 40% house edge still lots of people play? either the people who are playing are dumb or it's fake lottery wins?(played by owner himself lol)

40% is very big, while the site owner operates the site for pennies with bitcoin.
Anything bigger than 3% is a lot, for a bitcoin gambling site.
Also I din't like the site layout.

You raised a very valid point that on each draw played bets number is over 100 per lottery with 60% distributed amount of total fund it is very suspicious.What I have seen in bitcoin gambling people do much care of house edge and winning funds and usually they don't try anything like this.But here is totally different picture as many people are playing without having any question about house edge and prize.

tsoPANos

hero member

Activity: 602

Merit: 500

In math we trust.

Quote from: fast2fix on June 14, 2015, 05:44:58 AM

hmm 40% house edge still lots of people play? either the people who are playing are dumb or it's fake lottery wins?(played by owner himself lol)

40% is very big, while the site owner operates the site for pennies with bitcoin.
Anything bigger than 3% is a lot, for a bitcoin gambling site.
Also I din't like the site layout.

greek_hephaestus

full member

Activity: 162

Merit: 100

Eloncoin.org - Mars, here we come!

http://www.crypto-joker.net/

The Crypto-Joker Today's Draw

We Paid Today the amount of 0.87BTC to a Lucky Winner!!!

Draw Result
Date      14/06/2015
Deposit Address    12MLRKhSNoAQm7NvYDgbzhddwMrT5LugX1
Game Entries      145
Entries Amount    1.45
Winner      1KMtnxAFfRU8e5Fg8CduFvrWSEgGuGro5d
Winner Paid Amount     0.87
Payout Transaction ID    ae22d2ca8449d6c158eae021fa89eb29fc7c58d945f1ab09e5a7443ecdcc4f1b

http://www.crypto-joker.net/crypto-joker_draw_14062015.htm

fast2fix

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Activity: 1612

Merit: 1001

hmm 40% house edge still lots of people play? either the people who are playing are dumb or it's fake lottery wins?(played by owner himself lol)

greek_hephaestus

full member

Activity: 162

Merit: 100

Eloncoin.org - Mars, here we come!

http://www.crypto-joker.net/

The Crypto-Joker Today's Draw

We Paid Today the amount of 0.84BTC to a Lucky Winner!!!

Draw Result
Date     13/06/2015
Deposit Address    1JwE8e8WAND82yEHtiSZLPxnQhtMWMt2nG
Game Entries     140
Entries Amount    1.4
Winner     13Z4PuuHF6ktvMfPnf7PrgFNVrz6RrPEYe
Winner Paid Amount     0.84
Payout Transaction ID    3c94495c96b446b27fa2fa2ac3d13512604fffcaec4fb4dde73756e974e49910

http://www.crypto-joker.net/crypto-joker_draw_13062015.htm

subSTRATA

legendary

Activity: 1288

Merit: 1043

:^)

40% rake is way too high for running a simple raffle service, and it isnt even that much of an improvement from the previous 50% rake either, something along the lines of 90-95% would make a lot more sense.

newcripto

hero member

Activity: 728

Merit: 500

The percentage of the distribution amount is really very low and admin needs to re-consider the concern of players.The more the prize will be higher the more people will come to play.People care much of house edge percentage.Admin,any specific reason to keep the 40% of the total played amount as house edge/fee ?

Finchy

sr. member

Activity: 315

Merit: 250

Quote from: seoincorporation on June 11, 2015, 04:42:22 PM

If you pay 60% that mean the house edge is 40%... this is a game where you always win.

Is there some fairness in this game? how you chose the winner user?

Yeah, this game doesn't seem fair at all to me. How can we check the way the winners are drawn is fair and uncheatable?

Quote from: newcripto on June 11, 2015, 12:07:54 PM

What I liked most on you site is gorgeous joker by herself.

That's Harley Quinn from Batman https://en.wikipedia.org/wiki/Harley_Quinn

Margot Robbie will be playing her in the upcoming Suicide Squad film.

boopy265420

legendary

Activity: 1876

Merit: 1005

I would say 90% of the total daily entries amount should be distributed for winnings and 10% is very decent house edge.This will encourage and attract more players to participate in this lottery.If you are agreed to decrease the house edge you will see the difference in next lotteries.

greek_hephaestus

full member

Activity: 162

Merit: 100

Eloncoin.org - Mars, here we come!

http://www.crypto-joker.net/

The Crypto-Joker Today's Draw

We Paid Today the amount of 1BTC to a Lucky Winner!!!

Draw Result
Date      12/06/2015
Deposit Address    1SyLqD9EXd8jnBd9p25SkZthoYQhKdSZA
Game Entries      200
Entries Amount    2
Winner      1HQkQ2pcubBPT8sxQcjyvdnyE3fVr6Dymm
Winner Paid Amount     1
Payout Transaction ID    349ea2f5cb8b0f9d29f7d82bfe7f4f542fec47f7ae570bb45bbfdfa21e84742b

http://www.crypto-joker.net/crypto-joker_draw_12062015.htm

greek_hephaestus

full member

Activity: 162

Merit: 100

Eloncoin.org - Mars, here we come!

http://www.crypto-joker.net/

The Crypto-Joker Today's Draw

We Paid Today the amount of 2.16BTC to a Lucky Winner!!!

Draw Result
Date     11/06/2015
Deposit Address    172U6BihBsmgccuzDYGZX2H4oSBFSS4Dij
Game Entries     360
Entries Amount    3.6
Winner     1Q5a7jiCvwsL4PQpfvnWbwEJYat1ftSxU5
Winner Paid Amount     2.16
Payout Transaction ID    9484233d5a6c52d902282ab50ea39fc9858acef937261fe7395b638af9aa35cf

http://www.crypto-joker.net/crypto-joker_draw_11062015.htm

Coef

hero member

Activity: 882

Merit: 1000

Exhausted

Using a PRNG to generate the winner isn't really a good idea to me as it is not provably fair. You could be doing it fairly or you could be not, and the gamblers have no way to tell.
You may want to check how Peerbet raffles use the next block hash to make the process provably fair. https://www.peerbet.org/support/faq.aspx

greek_hephaestus

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Eloncoin.org - Mars, here we come!

Quote from: ComboChris on June 12, 2015, 03:28:51 AM

Quote from: greek_hephaestus on June 12, 2015, 02:51:47 AM

Quote from: seoincorporation on June 11, 2015, 04:42:22 PM

If you pay 60% that mean the house edge is 40%... this is a game where you always win.

Is there some fairness in this game? how you chose the winner user?

And do you prefer a game that house does not win?
Or you prefer a honest and clear game?
In all gambling games the house wins.
The winner chosen by pseudo-random generator.

The house does always win but 40% house edge is outrageous. It's as much of a ripoff as government lotteries are.
The most interesting thing about this game is tha, if only one person plays, that person will simply lose 40% of their money without any chance of winning more.
In order to make this game playable you should lower the house edge a lot more and implement a provably fair algorithm.

Have you any suggestions about the house edge and what algorithm do you think as fair?

ComboChris

full member

Activity: 189

Merit: 100

Quote from: greek_hephaestus on June 12, 2015, 02:51:47 AM

Quote from: seoincorporation on June 11, 2015, 04:42:22 PM

If you pay 60% that mean the house edge is 40%... this is a game where you always win.

Is there some fairness in this game? how you chose the winner user?

And do you prefer a game that house does not win?
Or you prefer a honest and clear game?
In all gambling games the house wins.
The winner chosen by pseudo-random generator.

The house does always win but 40% house edge is outrageous. It's as much of a ripoff as government lotteries are.
The most interesting thing about this game is tha, if only one person plays, that person will simply lose 40% of their money without any chance of winning more.
In order to make this game playable you should lower the house edge a lot more and implement a provably fair algorithm.

lottoitaliano

legendary

Activity: 1176

Merit: 1000

Yes, in all gambling the house win, but the % of winning house is very low (more dice have 1%) and not 40 or 50 % Grin

One question, the pseudo-random generator, is provably fair? Thanks

greek_hephaestus

full member

Activity: 162

Merit: 100

Eloncoin.org - Mars, here we come!

Quote from: seoincorporation on June 11, 2015, 04:42:22 PM

If you pay 60% that mean the house edge is 40%... this is a game where you always win.

Is there some fairness in this game? how you chose the winner user?

And do you prefer a game that house does not win?
Or you prefer a honest and clear game?
In all gambling games the house wins.
The winner chosen by pseudo-random generator.

seoincorporation

legendary

Activity: 3304

Merit: 3096

If you pay 60% that mean the house edge is 40%... this is a game where you always win.

Is there some fairness in this game? how you chose the winner user?

greek_hephaestus

full member

Activity: 162

Merit: 100

Eloncoin.org - Mars, here we come!

Quote from: newcripto on June 11, 2015, 12:07:54 PM

What I liked most on you site is gorgeous joker by herself.But there is some problem with internal calendar and date calculator.For you to be easy I just uploaded this image from the main page your site.Have a look and fix it for everything to be normal.

Date fixed. Thank you!!!

newcripto

hero member

Activity: 728

Merit: 500

What I liked most on you site is gorgeous joker by herself.But there is some problem with internal calendar and date calculator.For you to be easy I just uploaded this image from the main page your site.Have a look and fix it for everything to be normal.

greek_hephaestus

full member

Activity: 162

Merit: 100

Eloncoin.org - Mars, here we come!

Quote from: xiionqz on June 11, 2015, 09:22:18 AM

What the difference between version 1 and 2?

Thank you very much for your question.
In Version 1 Profits are 50% of the Total Daily Entries Amount, to a Lucky Winner.
Also each participant has one entry for each deposit.
In Version 2 we have make changes based on suggestions from our participants and friends.
In Version 2, Profits are 60% of of the Total Daily Entries Amount, to a Lucky Winner.
Each Entry to the Game costs 0,01BTC.
So the total entries per deposit depends from the deposit amount. i.e. Entries = Deposit/0.01BTC
More profitable, Fair enough.

Topic: The Crypto-Joker Game Version 2 ***Pays 60% of the Total Daily Entries Amount*** (Read 2345 times)

Topic: The Crypto-Joker Game Version 2 Pays 60% of the Total Daily Entries Amount (Read 2345 times)