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CryptoGore

full member

Activity: 181

Merit: 100

Bitflipy.com - $$_Flip your lucky coin_$$

Quote from: MafiaCoin on November 09, 2016, 08:05:41 AM

Quote from: CryptoGore on November 09, 2016, 06:59:56 AM

Guys please calm down.

110% win means that you exactly make 2.1x on your bet amount, that IS NOT 90% house edge...

Also max bet is now set to 100 mBTC (0.1 BTC) according to our max bankroll. Max bet is always far away under the bankroll so to avoid extreme bankruptcy.

I know this is a big % of win profit and maybe it could be disadvantage for the house, but this should be an incentive for users to play with. I'm not here to scam anyone (I won't ruin my reputation) and I'm ready to pay every win. If the game will make my bankroll vanish I will accept it as this is a bet also for me.

Hope you have fun and keep posting your feedback (contructive ones preferred please.)

If players win and get 110%, you wrote wrong. It's return 210%.
2.1x for chance 50/50 not really!

Example:

Because if total bets 1000.
Wins 500 and lose 500 bets.
Wins bets 500x2.1=1050..

Your profit total bets - wins=1000-1050=-50

Do you really lost money? Or chance to win not 50/50.

Having a 50% win chance doesn't mean that on 100 bets you win 50 times for sure.

Please read more about indipendent probability math.

Let HnHn be the indexed event of getting a head on the nthnth flip.

Given an unbiased coin, P(H1)=P(H2)=12P(H1)=P(H2)=12

These events are independent so P(H1∩H2)=P(H1)×P(H2)P(H1∩H2)=P(H1)×P(H2). The outcome of one coin toss does not influence then outcome of the other.

You can learn more about statistics probability calculation here https://www.fourmilab.ch/rpkp/experiments/statistics.html or in any math book.

CryptoGore

full member

Activity: 181

Merit: 100

Bitflipy.com - $$_Flip your lucky coin_$$

Quote from: Erza on November 09, 2016, 07:25:59 AM

Quote from: CryptoGore on November 09, 2016, 06:59:56 AM

Guys please calm down.

110% win means that you exactly make 2.1x on your bet amount, that IS NOT 90% house edge...

Also max bet is now set to 100 mBTC (0.1 BTC) according to our max bankroll. Max bet is always far away under the bankroll so to avoid extreme bankruptcy.

I know this is a big % of win profit and maybe it could be disadvantage for the house, but this should be an incentive for users to play with. I'm not here to scam anyone (I won't ruin my reputation) and I'm ready to pay every win. If the game will make my bankroll vanish I will accept it as this is a bet also for me.

Hope you have fun and keep posting your feedback (contructive ones preferred please.)

So how can we know that you wont scam us? Any proof of your bankroll on cold storage that will pay us? 1-2 btc wont be enough as your cold storage as i know because you never know when or how much people will come though.

Btw is there anyway that we can check the provably fair system? 50/50 chance to get 110%? Dont get it on my mind though

Bitflipy is provably fair with seeds verification. Actual bankroll is 50 BTC and max bet is 0.1 BTC .

MafiaCoin

full member

Activity: 182

Merit: 100

Quote from: CryptoGore on November 09, 2016, 06:59:56 AM

Guys please calm down.

110% win means that you exactly make 2.1x on your bet amount, that IS NOT 90% house edge...

Also max bet is now set to 100 mBTC (0.1 BTC) according to our max bankroll. Max bet is always far away under the bankroll so to avoid extreme bankruptcy.

I know this is a big % of win profit and maybe it could be disadvantage for the house, but this should be an incentive for users to play with. I'm not here to scam anyone (I won't ruin my reputation) and I'm ready to pay every win. If the game will make my bankroll vanish I will accept it as this is a bet also for me.

Hope you have fun and keep posting your feedback (contructive ones preferred please.)

If players win and get 110%, you wrote wrong. It's return 210%.
2.1x for chance 50/50 not really!

Example:

Because if total bets 1000.
Wins 500 and lose 500 bets.
Wins bets 500x2.1=1050..

Your profit total bets - wins=1000-1050=-50

Do you really lost money? Or chance to win not 50/50.

rozee

legendary

Activity: 1736

Merit: 1001

the site looks simple but nice and the way coin flipped is so great
but why email/username and password form is seen blank on my side
is it because i use mobile device? What's the problem?

Erza

legendary

Activity: 1078

Merit: 1000

Quote from: CryptoGore on November 09, 2016, 06:59:56 AM

Guys please calm down.

110% win means that you exactly make 2.1x on your bet amount, that IS NOT 90% house edge...

Also max bet is now set to 100 mBTC (0.1 BTC) according to our max bankroll. Max bet is always far away under the bankroll so to avoid extreme bankruptcy.

I know this is a big % of win profit and maybe it could be disadvantage for the house, but this should be an incentive for users to play with. I'm not here to scam anyone (I won't ruin my reputation) and I'm ready to pay every win. If the game will make my bankroll vanish I will accept it as this is a bet also for me.

Hope you have fun and keep posting your feedback (contructive ones preferred please.)

So how can we know that you wont scam us? Any proof of your bankroll on cold storage that will pay us? 1-2 btc wont be enough as your cold storage as i know because you never know when or how much people will come though.

Btw is there anyway that we can check the provably fair system? 50/50 chance to get 110%? Dont get it on my mind though

CryptoGore

full member

Activity: 181

Merit: 100

Bitflipy.com - $$_Flip your lucky coin_$$

Guys please calm down.

110% win means that you exactly make 2.1x on your bet amount, that IS NOT 90% house edge...

Also max bet is now set to 100 mBTC (0.1 BTC) according to our max bankroll. Max bet is always far away under the bankroll so to avoid extreme bankruptcy.

I know this is a big % of win profit and maybe it could be disadvantage for the house, but this should be an incentive for users to play with. I'm not here to scam anyone (I won't ruin my reputation) and I'm ready to pay every win. If the game will make my bankroll vanish I will accept it as this is a bet also for me.

Hope you have fun and keep posting your feedback (contructive ones preferred please.)

crytoboost

hero member

Activity: 714

Merit: 500

Payout is too high and it saying guaranteed 110% fixed but there is no explanation about that, in case of losing streak how system will calculate the fixed return if balance get empty and we have nothing there, than how we get it back?

MafiaCoin

full member

Activity: 182

Merit: 100

Quote from: Bitinity on November 09, 2016, 01:33:08 AM

Quote from: MafiaCoin on November 09, 2016, 01:23:43 AM

Quote from: Bitinity on November 09, 2016, 12:33:16 AM

Quote from: MafiaCoin on November 08, 2016, 11:29:53 PM

Guess heads or tails to win 110% instantly Grin

110% is very low Shocked

what chance of winnings?

I think is not 50/50

If you think it is not a 50:50 game then what do you think? 110% for a 50:50 game is quite high if you have a good math. Other head and tail game only give less payout, this site gives 110% makes it so strange and suspicious.

usually head-tail game give min 180-195% with 50/50 chanche to win..
110% i not really.. because players use martingale strategy

Where you find a teals and heads game which give you 180-195%? If it is true then it would be the best place for gambler to gain profit.
180-195% means if you bet 0.001btc then you will get 0.00180-0.00195 profit. Too good to be true..but please tell me where I can play heads and tails with 50:50 chance and give 180-195% return. It is so +EV for players, and I believe there is single person in this world to make gambling site with so huge +EV for players.

it is mean that house edge 5-20%.
in bitflipy.com house edge is 90% really good profit for owner

Bitinity

legendary

Activity: 3066

Merit: 1312

Quote from: MafiaCoin on November 09, 2016, 01:23:43 AM

Quote from: Bitinity on November 09, 2016, 12:33:16 AM

Quote from: MafiaCoin on November 08, 2016, 11:29:53 PM

Guess heads or tails to win 110% instantly Grin

110% is very low Shocked

what chance of winnings?

I think is not 50/50

If you think it is not a 50:50 game then what do you think? 110% for a 50:50 game is quite high if you have a good math. Other head and tail game only give less payout, this site gives 110% makes it so strange and suspicious.

usually head-tail game give min 180-195% with 50/50 chanche to win..
110% i not really.. because players use martingale strategy

Where you find a teals and heads game which give you 180-195%? If it is true then it would be the best place for gambler to gain profit.
180-195% means if you bet 0.001btc then you will get 0.00180-0.00195 profit. Too good to be true..but please tell me where I can play heads and tails with 50:50 chance and give 180-195% return. It is so +EV for players, and I believe there is single person in this world to make gambling site with so huge +EV for players.

MafiaCoin

full member

Activity: 182

Merit: 100

Quote from: Bitinity on November 09, 2016, 12:33:16 AM

Quote from: MafiaCoin on November 08, 2016, 11:29:53 PM

Guess heads or tails to win 110% instantly Grin

110% is very low Shocked

what chance of winnings?

I think is not 50/50

If you think it is not a 50:50 game then what do you think? 110% for a 50:50 game is quite high if you have a good math. Other head and tail game only give less payout, this site gives 110% makes it so strange and suspicious.

usually head-tail game give min 180-195% with 50/50 chanche to win..
110% i not really.. because players use martingale strategy

Bitinity

legendary

Activity: 3066

Merit: 1312

Quote from: MafiaCoin on November 08, 2016, 11:29:53 PM

Guess heads or tails to win 110% instantly Grin

110% is very low Shocked

what chance of winnings?

I think is not 50/50

If you think it is not a 50:50 game then what do you think? 110% for a 50:50 game is quite high if you have a good math. Other head and tail game only give less payout, this site gives 110% makes it so strange and suspicious.

MafiaCoin

full member

Activity: 182

Merit: 100

Guess heads or tails to win 110% instantly Grin

110% is very low Shocked

what chance of winnings?

I think is not 50/50

absy

legendary

Activity: 1414

Merit: 1008

★Bitvest.io★ Play Plinko or Invest!

Quote from: DarkStar_ on November 08, 2016, 09:33:16 PM

Seems scammy.

110% Return, 50/50 Chance to Win: +EV betting for the player, with an expected value of 0.05 units, if 1 unit is bet. (0.5*1.1-0.5*1) No gambling site can afford to run with a -5% EV for a long time, they will probably run when they get a decent amount deposited.

Ref System Giving 0.5% of Winning Bet Profits: EV becomes -5.25% for the site (might have messed up my calculation for this one)

Promotions with Returns up to 200%: -55% EV for the site, if the return becomes 200%. Talk about unsustainable!

TLDR: The site is expected to lose in the long term, by quite a large amount.

Yup exactly what I mentioned but he just ignored and haven't replied to this .

Quote from: absy on November 08, 2016, 01:38:33 PM

Quote from: CryptoGore on November 08, 2016, 01:35:34 PM

Quote from: absy on November 08, 2016, 01:33:43 PM

110 % ? Why should anyone play for 110% payout @ 50/50 odds ? I mean its 90% house edge mate I am not sure what your idea is or am I understanding this in a wrong way ?

Is this just for testing the site ? Will it be made 200% when site is active ? Let us know and good luck .

If you bet 10 you win 11. So if your initial balance is 10 your final balace will be 21.

Cool so its actually 2.1 x right ? So how will the site make profits ? Its +EV and on short or long run user will be on profits . Eventually the Bankroll of your site will vanish , don't you think ?

Mate , 110% according to him is 1:2.1 so if you bet 1 BTC you get 2.1 BTC and that's why it looks fishy.

Quote from: MafiaCoin on November 08, 2016, 11:29:53 PM

Guess heads or tails to win 110% instantly Grin

110% is very low Shocked

what chance of winnings?

I think is not 50/50

DarkStar_

legendary

Activity: 2772

Merit: 3284

Seems scammy.

110% Return, 50/50 Chance to Win: +EV betting for the player, with an expected value of 0.05 units, if 1 unit is bet. (0.5*1.1-0.5*1) No gambling site can afford to run with a -5% EV for a long time, they will probably run when they get a decent amount deposited.

Ref System Giving 0.5% of Winning Bet Profits: EV becomes -5.25% for the site (might have messed up my calculation for this one)

Promotions with Returns up to 200%: -55% EV for the site, if the return becomes 200%. Talk about unsustainable!

TLDR: The site is expected to lose in the long term, by quite a large amount.

ikydesu

hero member

Activity: 686

Merit: 500

fb.com/Bitky.shop | Bitcoin Merch!Premium Quality!

Quote from: CryptoGore on November 08, 2016, 02:15:43 PM

Quote from: ikydesu on November 08, 2016, 02:13:37 PM

I have a problem when i want to sign up there, register form is not clear when i want to fill my email, username and password, its make me confused Huh

(even log in form)

Can you explain further which is your issue?

In the signup folder the first field is Name, second one is email, third is password.

No email confirmation needed, so just signup and login

(remember to check captcha too)

Ah i see, maybe my java should be update, because the form name is not show. i also use other site to fill register form too and not showing a form name.
keep it work, i will try ASAP

CryptoGore

full member

Activity: 181

Merit: 100

Bitflipy.com - $$_Flip your lucky coin_$$

Quote from: ikydesu on November 08, 2016, 02:13:37 PM

I have a problem when i want to sign up there, register form is not clear when i want to fill my email, username and password, its make me confused Huh

(even log in form)

Can you explain further which is your issue?

In the signup folder the first field is Name, second one is email, third is password.

No email confirmation needed, so just signup and login

(remember to check captcha too)

ikydesu

hero member

Activity: 686

Merit: 500

fb.com/Bitky.shop | Bitcoin Merch!Premium Quality!

I have a problem when i want to sign up there, register form is not clear when i want to fill my email, username and password, its make me confused Huh

(even log in form)

absy

legendary

Activity: 1414

Merit: 1008

★Bitvest.io★ Play Plinko or Invest!

Quote from: CryptoGore on November 08, 2016, 01:35:34 PM

Quote from: absy on November 08, 2016, 01:33:43 PM

110 % ? Why should anyone play for 110% payout @ 50/50 odds ? I mean its 90% house edge mate I am not sure what your idea is or am I understanding this in a wrong way ?

Is this just for testing the site ? Will it be made 200% when site is active ? Let us know and good luck .

If you bet 10 you win 11. So if your initial balance is 10 your final balace will be 21.

Cool so its actually 2.1 x right ? So how will the site make profits ? Its +EV and on short or long run user will be on profits . Eventually the Bankroll of your site will vanish , don't you think ?

CryptoGore

full member

Activity: 181

Merit: 100

Bitflipy.com - $$_Flip your lucky coin_$$

Quote from: absy on November 08, 2016, 01:33:43 PM

110 % ? Why should anyone play for 110% payout @ 50/50 odds ? I mean its 90% house edge mate I am not sure what your idea is or am I understanding this in a wrong way ?

Is this just for testing the site ? Will it be made 200% when site is active ? Let us know and good luck .

If you bet 10 you win 11. So if your initial balance is 10 your final balace will be 21.

absy

legendary

Activity: 1414

Merit: 1008

★Bitvest.io★ Play Plinko or Invest!

110 % ? Why should anyone play for 110% payout @ 50/50 odds ? I mean its 90% house edge mate I am not sure what your idea is or am I understanding this in a wrong way ?

Is this just for testing the site ? Will it be made 200% when site is active ? Let us know and good luck .

Topic: WEBSITE SOLD - page 3. (Read 2570 times)