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Topic: [WEEKEND ROUND WITH JACKPOT] BitCat.ch - automated bitcoin game. - page 16. (Read 34476 times)

full member
Activity: 154
Merit: 100
as an earlier post mentioned, you can make as many .5 BTC bets in a row as you like.

With less risk... if you pay 5 btc in one hit but the pot only ever reaches 5.99 on your turn, you get nothing.

But if instead you had played 0.5 btc 10 times, you'd get 9 of them paid out.

Edit: Where the risk is higher with this strategy is getting all 10 of your plays submitted before other players... at least with one big play it's easier to race.
member
Activity: 108
Merit: 10
RE: getting paid

I see a few people might be unclear on exactly how this works.

You get paid when enough bets have been made by people after you to pay out to you.

So, person 1 bets .5, to get paid .6.  the pot is now .5
person 2 bets .5, the pot is now 1.0 so person1 gets paid .6, the pot is now .4
person 3 bets .5, the pot is now .9, so person 2 gets paid .6.  The pot is now .3
etc...

you can see how it will take longer and longer to get paid.  eventually, someone (or many someones) gets stuck not paid, because no one new is betting.

That's why it's called gambling.  You might lose.

However, if we keep new people coming in, we'll all get paid.

I like the limits, it keeps things moving, but I also wouldn't mind a higher stakes table/round at some point. You know, for the high rollers. Smiley
full member
Activity: 224
Merit: 100
the advantage to "last in gets paid", especially with a minimum bet, is that some more people come in at the end, instead of the round slowly grinding to a halt


But the split idea has merit, also.  better some stop loss than lose it all.

Good point, I'm divided now. They do both have their benefits.
sr. member
Activity: 294
Merit: 250
the advantage to "last in gets paid", especially with a minimum bet, is that some more people come in at the end, instead of the round slowly grinding to a halt


But the split idea has merit, also.  better some stop loss than lose it all.
full member
Activity: 224
Merit: 100
By the way, to keep this game active and growing, you can put a link on your sig and start replying back to other threads/topics. This will attract new faces which will only snowball if they put it on their sig as well. =]
However, if we keep new people coming in, we'll all get paid.

Not really, this will just delay the inevitable. The longer it goes on, the more difficult it will become to keep the game going, and this difficulty will go up exponentially. Unless we have round ends, bitcat.ch will slow to a stop.

An idea I think would be nice is if instead of at the end, all of the current pot going to the last person to put a transaction in, it could all be split among those who had not yet been paid out. Instead of all the last payers losing everything, and having people rushing to get in the last transaction so they'd get the biggest payout of all, everyone who hadn't gotten their payout would at least get something back, even if it wasn't the amount they put in. (FYI, not saying this from a sore loser perspective, so far I've never lost.)
sr. member
Activity: 294
Merit: 250
RE: getting paid

I see a few people might be unclear on exactly how this works.

You get paid when enough bets have been made by people after you to pay out to you.

So, person 1 bets .5, to get paid .6.  the pot is now .5
person 2 bets .5, the pot is now 1.0 so person1 gets paid .6, the pot is now .4
person 3 bets .5, the pot is now .9, so person 2 gets paid .6.  The pot is now .3
etc...

you can see how it will take longer and longer to get paid.  eventually, someone (or many someones) gets stuck not paid, because no one new is betting.

That's why it's called gambling.  You might lose.

However, if we keep new people coming in, we'll all get paid.
edd
donator
Activity: 1414
Merit: 1002
How does one lose coins?

The game ends and whoever hasn't gotten paid yet loses out.
sr. member
Activity: 280
Merit: 250
How does one lose coins?
sr. member
Activity: 448
Merit: 250
By the way, to keep this game active and growing, you can put a link on your sig and start replying back to other threads/topics. This will attract new faces which will only snowball if they put it on their sig as well. =]

Well, guys have fun and good luck, I got to get ready for work, see you guys in a few hours!

You can just buy with different addresses as many times as you want, its the same thing as doing it all at once. The only different is you paying the 0.0005 transaction fee which is so small it doesn't even matter.
GENIUS! lol I didn't think of that. BTW - site owner it says "games" but there is only one game 0.o

Haha, thank you!

Yes, the site owner planned on having multi games running at different rates, but It seems like he been working on day and now went to bed. I'm sure he will have more games running in a day or two.
sr. member
Activity: 280
Merit: 250
You can just buy with different addresses as many times as you want, its the same thing as doing it all at once. The only different is you paying the 0.0005 transaction fee which is so small it doesn't even matter.
GENIUS! lol I didn't think of that. BTW - site owner it says "games" but there is only one game 0.o
sr. member
Activity: 448
Merit: 250
You can just buy with different addresses as many times as you want, its the same thing as doing it all at once. The only different is you paying the 0.0005 transaction fee which is so small it doesn't even matter.
sr. member
Activity: 280
Merit: 250
I would wager more if I could. You should increase the max and make the fee a percent so you still make the same.
sr. member
Activity: 280
Merit: 250
Got mine! That's cool! LOL I guess you give them out at 6 confirmations..
sr. member
Activity: 448
Merit: 250
there really no difference from 1 person betting 1.0 btc then 1 person betting 0.5 btc twice.
full member
Activity: 224
Merit: 100
Shouldn't it have rounds that end? According the website, this current game won't ever end. Maybe not 5 day periods, but this way it'll eventually just shut down.

Within a little while, the gap between the paid and the waiting will become too big as it does with all pyramid schemes and the site will crawl to a standstill, which is kind of a shame considering the work that's been put into it.

Am I missing something?
sr. member
Activity: 280
Merit: 250
when do we get the bits?
sr. member
Activity: 294
Merit: 250
I am making so much freaking money off this game!  Cool
edd
donator
Activity: 1414
Merit: 1002
When will this round end?

I was just about to ask the same thing. It says "and never ends" at the top.
full member
Activity: 126
Merit: 100
When will this round end?
xyu
full member
Activity: 182
Merit: 100
WOw, someone sent 1 BTC and it didn't send it back... need to shutdown again

UPD:
Fixed
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