♨️🎲 WINDICE.io 🎲 0.3 BTC Wagering Contest 🔰 Progressive Faucet💰 Jackpots 🎁❤ - page 34.

bearexin

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Quote from: Betwrong on May 18, 2020, 05:13:12 AM

Quote from: bearexin on May 17, 2020, 02:44:42 PM

The reason why there is a calculation based on the house edge is that there is really nothing else you can calculate or use the data from. House edge is the only thing we have to make an estimate on what should be the expected loss or win (well there is no win for the house edge except if you are the house).

So, when you are saying stuff like "30 bitcoin should lose 0.3, if you give them 0.2 there is an expected loss". Hence in the long run if you wager 30 bitcoin and win 30 bitcoin, that's unexpected, if you wager 30 bitcoin and lose 30 bitcoin that is unexpected as well. We can't calculate things with unexpected results, we can't calculate it like that is possibility, when you wager 30 bitcoin the worst is losing all of it, but the win has unlimited possibilities, which is why we drop it down to one thing we can calculate; house edge.

That's an interesting observation! I have a feeling that I never gave it a thought(or maybe I forgot, idk). Anyway, indeed, you can't lose more than you have on your balance, but what you can win, theoretically, has no upper limit!

I mean I was just giving my two cents but even I myself could check and find a bit different possibilities to it Cheesy

.

Like maybe you can start with 30 bitcoin, make it 50 bitcoin, and lose it all, which means you still lose your own 30 bitcoin, but you are also losing a potential 50 bitcoin withdrawal instead as well. It means I am both right and wrong, yes you only lose what you deposit and not more, but would you consider potential profits as loss as well when they are gone? That is a question to be asked and I am sure everyone would have a different answers.

And that is gambling's basics, that is why I never really deposit too much, from 10 bucks to 50 bucks and that's it, I rarely ever ever deposit anything more ever because if I do I would lose it and I know it, but if I deposit less, all I can lose is that amount and that's it.

livingfree

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Quote from: Betwrong on May 18, 2020, 05:13:12 AM

And what is the reward for opening 13 tiles successfully?

I haven't successfully opened the whole tiles but basically that's just an additional or increased reward. I haven't seen someone completely did that before or did we missed him?

Anyone?

Betwrong

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🌀 Cosmic Casino

Quote from: bearexin on May 17, 2020, 02:44:42 PM

The reason why there is a calculation based on the house edge is that there is really nothing else you can calculate or use the data from. House edge is the only thing we have to make an estimate on what should be the expected loss or win (well there is no win for the house edge except if you are the house).

So, when you are saying stuff like "30 bitcoin should lose 0.3, if you give them 0.2 there is an expected loss". Hence in the long run if you wager 30 bitcoin and win 30 bitcoin, that's unexpected, if you wager 30 bitcoin and lose 30 bitcoin that is unexpected as well. We can't calculate things with unexpected results, we can't calculate it like that is possibility, when you wager 30 bitcoin the worst is losing all of it, but the win has unlimited possibilities, which is why we drop it down to one thing we can calculate; house edge.

That's an interesting observation! I have a feeling that I never gave it a thought(or maybe I forgot, idk). Anyway, indeed, you can't lose more than you have on your balance, but what you can win, theoretically, has no upper limit!

In the meantime, today I managed to open 10 tiles on the faucet game successfully!

My personal record so far. What is yours, guys? And what is the reward for opening 13 tiles successfully?

bearexin

full member

Activity: 1162

Merit: 168

The reason why there is a calculation based on the house edge is that there is really nothing else you can calculate or use the data from. House edge is the only thing we have to make an estimate on what should be the expected loss or win (well there is no win for the house edge except if you are the house).

So, when you are saying stuff like "30 bitcoin should lose 0.3, if you give them 0.2 there is an expected loss". Hence in the long run if you wager 30 bitcoin and win 30 bitcoin, that's unexpected, if you wager 30 bitcoin and lose 30 bitcoin that is unexpected as well. We can't calculate things with unexpected results, we can't calculate it like that is possibility, when you wager 30 bitcoin the worst is losing all of it, but the win has unlimited possibilities, which is why we drop it down to one thing we can calculate; house edge.

Betwrong

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Quote from: Bitinity on May 13, 2020, 04:34:25 AM

Quote from: fullhdpixel on May 12, 2020, 02:51:33 PM

Quote from: Betwrong on May 10, 2020, 06:27:08 AM

I don't know exactly how big the current prize pool for the wagering contest is, but it's definitely bigger than 0.02 BTC. It is 0.03 minimum by my estimations, but the initial prize pool was also bigger than what you said. When the contest started, back in September-October 2019, there were 50 paid places with 0.3 BTC in the prize pool, if I'm not mistaken. Ahh, those were the days!

But, yeah, I totally agree with you, it's up to the owners to decide how big the prize pool should be.

The current prize pool for individual competition is 0.03 and the prize pool for tourney one was a bit bigger I think but it was given away to a lot more people and depending on wagering against each other so I think some people probably wagered and got nothing instead. Which is why I can understand why there is a disappointment.

It certainly was 0.2 and there was a lot of people here trying to gamble and race each other because that was actually still great to make profit if you are lucky. In the end it was profitable for the website as well on average, maybe some people got lucky and I can't say that is not possible, but with house edge when someone wagers 30 btc, they should lose 0.3 btc and if you are giving 0.2 btc to them casino should profit in the long run.

No someone should not lose that, it is just a calculation based on the house edge. We can call it "should lose" as it is just a probability or possibility when someone wagering on 1% house edge game. In the reality, no one knows the exact lose or win based on the wagered amount. Someone can even lose more than the possible calculation based on the HE, can lose less, or can even win.

It's true, everything is possible. But to bring a bit of order in otherwise such a chaosish situation we can take the house edge into account and calculate, very roughly, of course, what to expect.

Indeed, it almost doesn't make sense if we are talking about just one contest. But the more contests you play in, the more you realize that participating in those with small prizes(much smaller than what is expected to lose because of the house edge) is unprofitable.

Now to be clear, all those calculations are for entertainment purposes only. You shouldn't build an economy based on gambling. That's ridiculous.

TheGreatPython

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Quote from: Negotiation on May 14, 2020, 12:36:11 AM

I think the demand for gambling increases when there is more competition People pay more attention to playing casinos than playing at home. People win a lot more if they win here and are more likely to get a bonus. However, the reason for its decline is the fall in the value of the currency and the effects of the virus But every team from the past is now coming back and adding new things It will be much more interesting than before and the number of prizes will be increased Gambling will become more popular if the price of the currency increases in the crypto market.

There is also a reality that bitcoin price has increased as well, I know it is not 10x increase but it increased like 2x so I could understand the drop a bit because right now the house is paying a lot more compared to what they used to give to people. However one thing is for sure, people do care about how much they win, you see that some people gamble as much as they can and when it starts to become too useless to gamble because they are gambling way more than what they are going to earn they start to stop.

So, people do care about what they gamble and how much they gamble, just a bit loose and not so strictly. I think it would take a bit time to actually make a person to stop, like you should be giving out 0.03 and they should be over 0.1 loss, even more in order for them to stop, there is a limit when they will stop, but it is not really strict and changes from person to person, but we still can't say there is really no limit and they would play forever until they can win.

windice

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🎲 windice.io ❤️

400 million bets!

Negotiation

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Hire Bitcointalk Camp. Manager @ r7promotions.com

I think the demand for gambling increases when there is more competition People pay more attention to playing casinos than playing at home. People win a lot more if they win here and are more likely to get a bonus. However, the reason for its decline is the fall in the value of the currency and the effects of the virus But every team from the past is now coming back and adding new things It will be much more interesting than before and the number of prizes will be increased Gambling will become more popular if the price of the currency increases in the crypto market.

davinchi

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Quote from: fullhdpixel on May 12, 2020, 02:51:33 PM

The current prize pool for individual competition is 0.03 and the prize pool for tourney one was a bit bigger I think but it was given away to a lot more people and depending on wagering against each other so I think some people probably wagered and got nothing instead. Which is why I can understand why there is a disappointment.

What they are giving away is not really the important part here if you ask me. They are doing something to make people go against each other and make it more fun and that is the thing with the competitions. Winning one is more important for some people than the money because they have enough money anyway. So instead of gambling the good old way where you are just simply gambling against the house gets boring after a while. However when you put some fix into it and make it interesting, you see people actually gambling with more attention because it makes things interesting.

Nevertheless it is still not enough I agree with that, they have been doing the same thing over and over again and making it reward less as well. This new team thing might be the one that change things.

livingfree

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Quote from: SquallLeonhart on May 07, 2020, 01:57:12 PM

Quote from: livingfree on May 05, 2020, 01:46:06 PM

Quote from: windice on May 04, 2020, 01:18:36 PM

390 million bets!

Congratulations windice.io for this milestone again. It's been such a quick journey for you and we have never noticed the time and how far that you're going.

Next stop, 500 million then to 1 billion bets.

By the looks of it they usually get like 10 million bets on 10 days, so usually around 1 million bets per day. Which means from the looks of it may take about 610 days, about 1.5 years, which is about 2021 November or so. With some growth and all that, some promotions that increases and many stuff like that along the way, I can say maybe 2021 summer would be a great timing to hit a billion.

Not saying they can't hit it, but Q3 of the year is around right now, it ends with June, so a place that has come to 390 million literally all its life, will probably not be another 610 million in a month, that would be insane and requires like all gamblers of all crypto to suddenly come here and start gambling like crazy, I don't see it. However next summer is probably is right, late Q3 or early Q4 of 2021 is definitely a realistic expectation.

I'm just looking at their next milestone and those timeframes that you have estimated can still change overtime.

They don't have deadlines to meet those milestones and they're just enjoying. The influx of dicers is also changing and I've seen the growth of windice overtime.

jostorres

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Quote from: Juggy777 on May 12, 2020, 12:19:06 PM

Quote from: bitgolden on May 12, 2020, 05:26:50 AM

Quote from: ?? on ??

windice one very good gambling might later be able to become the best and fair gambling place for all lovers of gambling dice

Yes, I think windice should probably work on getting new games asap, a lot of places nowadays offering a lot of money and that is what the thing that makes the casinos more and more famous because there are more games that some other people may want to play, so you get the dice people and you get lets say blackjack people and also plinko people and hi/lo people and many other games and increase the wagering of the website all around.

If you keep the website basically the same and even drop the competition prize and just all around do nothing about the website aside from keeping it running properly, you are not going to grow. Sure it is good right now and you might say "hey its good enough like this" as a casino owner since you are already making profit (probably) but there is a bigger potential.

@bitgolden I do believe that they’ll add new games as and when more users make a demand for a particular game, or if you have any specific games in mind that you feel should be on the site, then you should post those game names out here and who knows they might just add it. Furthermore the site keeps crossing on milestones after milestones so I don’t think the owner would be in a hurry to change a lot of things, as his strategies are working very well for him.

When you are doing something decent, there is really not a reason to change it. If windice is making profits right now and doing well, why would they want to change the way they are doing the work? If they change something and do it differently, they might actually get it wrong and instead of helping them it might actually hurt them as well. So, I think that is one of the reasons why they would be hesitant on changing something, right now they are doing quite well and changing anything might hurt it so they are afraid.

Definitely, I would say windice could get better, there are tons of stuff they could do to improve their website, but that is not easy, you can't just "go ahead and improve the website" that is a lot of work and a lot of risks to take so I get why they wouldn't want to do it right now.

Bitinity

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Quote from: fullhdpixel on May 12, 2020, 02:51:33 PM

Quote from: Betwrong on May 10, 2020, 06:27:08 AM

I don't know exactly how big the current prize pool for the wagering contest is, but it's definitely bigger than 0.02 BTC. It is 0.03 minimum by my estimations, but the initial prize pool was also bigger than what you said. When the contest started, back in September-October 2019, there were 50 paid places with 0.3 BTC in the prize pool, if I'm not mistaken. Ahh, those were the days!

But, yeah, I totally agree with you, it's up to the owners to decide how big the prize pool should be.

The current prize pool for individual competition is 0.03 and the prize pool for tourney one was a bit bigger I think but it was given away to a lot more people and depending on wagering against each other so I think some people probably wagered and got nothing instead. Which is why I can understand why there is a disappointment.

It certainly was 0.2 and there was a lot of people here trying to gamble and race each other because that was actually still great to make profit if you are lucky. In the end it was profitable for the website as well on average, maybe some people got lucky and I can't say that is not possible, but with house edge when someone wagers 30 btc, they should lose 0.3 btc and if you are giving 0.2 btc to them casino should profit in the long run.

No someone should not lose that, it is just a calculation based on the house edge. We can call it "should lose" as it is just a probability or possibility when someone wagering on 1% house edge game. In the reality, no one knows the exact lose or win based on the wagered amount. Someone can even lose more than the possible calculation based on the HE, can lose less, or can even win.

fullhdpixel

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Quote from: Betwrong on May 10, 2020, 06:27:08 AM

I don't know exactly how big the current prize pool for the wagering contest is, but it's definitely bigger than 0.02 BTC. It is 0.03 minimum by my estimations, but the initial prize pool was also bigger than what you said. When the contest started, back in September-October 2019, there were 50 paid places with 0.3 BTC in the prize pool, if I'm not mistaken. Ahh, those were the days!

But, yeah, I totally agree with you, it's up to the owners to decide how big the prize pool should be.

The current prize pool for individual competition is 0.03 and the prize pool for tourney one was a bit bigger I think but it was given away to a lot more people and depending on wagering against each other so I think some people probably wagered and got nothing instead. Which is why I can understand why there is a disappointment.

It certainly was 0.2 and there was a lot of people here trying to gamble and race each other because that was actually still great to make profit if you are lucky. In the end it was profitable for the website as well on average, maybe some people got lucky and I can't say that is not possible, but with house edge when someone wagers 30 btc, they should lose 0.3 btc and if you are giving 0.2 btc to them casino should profit in the long run.

Lakai01

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Enjoy 500% bonus + 70 FS

Quote from: bitgolden on May 12, 2020, 05:26:50 AM

If you keep the website basically the same and even drop the competition prize and just all around do nothing about the website aside from keeping it running properly, you are not going to grow.

It is the combination of all that I find quite questionable. In principle, new games and the competitions attract players (and thus deposits). If you move on to this and don't develop any new games and now set the prize pools so low, that will quickly end in a downward spiral.

Quote from: ?? on ??

Sure it is good right now and you might say "hey its good enough like this" as a casino owner since you are already making profit (probably) but there is a bigger potential.

Windice is definitely good as it is. A lot of players dont need features after features and simply play because they like the style/gameplay/community/... of a specific site - including myself. But I am with you, Windice has the potential to grow way more then it did already

Juggy777

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Quote from: bitgolden on May 12, 2020, 05:26:50 AM

Quote from: ?? on ??

windice one very good gambling might later be able to become the best and fair gambling place for all lovers of gambling dice

Yes, I think windice should probably work on getting new games asap, a lot of places nowadays offering a lot of money and that is what the thing that makes the casinos more and more famous because there are more games that some other people may want to play, so you get the dice people and you get lets say blackjack people and also plinko people and hi/lo people and many other games and increase the wagering of the website all around.

If you keep the website basically the same and even drop the competition prize and just all around do nothing about the website aside from keeping it running properly, you are not going to grow. Sure it is good right now and you might say "hey its good enough like this" as a casino owner since you are already making profit (probably) but there is a bigger potential.

@bitgolden I do believe that they’ll add new games as and when more users make a demand for a particular game, or if you have any specific games in mind that you feel should be on the site, then you should post those game names out here and who knows they might just add it. Furthermore the site keeps crossing on milestones after milestones so I don’t think the owner would be in a hurry to change a lot of things, as his strategies are working very well for him.

Quote from: windice on May 04, 2020, 01:18:36 PM

390 million bets!

bitgolden

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Leading Crypto Sports Betting & Casino Platform

Quote from: ?? on ??

windice one very good gambling might later be able to become the best and fair gambling place for all lovers of gambling dice

Yes, I think windice should probably work on getting new games asap, a lot of places nowadays offering a lot of money and that is what the thing that makes the casinos more and more famous because there are more games that some other people may want to play, so you get the dice people and you get lets say blackjack people and also plinko people and hi/lo people and many other games and increase the wagering of the website all around.

If you keep the website basically the same and even drop the competition prize and just all around do nothing about the website aside from keeping it running properly, you are not going to grow. Sure it is good right now and you might say "hey its good enough like this" as a casino owner since you are already making profit (probably) but there is a bigger potential.

darewaller

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Activity: 2968

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I hope they go back to higher levels with these "team up" type of stuff, there is really not much competition going on if you are making tens of bitcoins in gambling yet do not even get 0.1 bitcoin as a reward, how does that even make sense?

Well, we all know that windice stopped writing here months ago, they only come here once in a while and they just say they reached another 10 million and/or they will share if they have any "competition" that pays %1 of what it should pay and leave, not like they are going to talk. This is exactly the reason why they are doing 1 million per day and not more, they are not going to become like 2 million, 3 million or more in the future if they just keep ignoring what people are telling them, how could they improve without feedback.

Betwrong

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Quote from: coinfinger on May 08, 2020, 02:48:48 PM

Quote from: Betwrong on May 03, 2020, 05:52:11 AM

in order to win 0.012 BTC as a prize, because you are likely to lose 0.47 BTC along the way. So, I'm inclined to believe that they are not doing it for the contest, but rather high rollers doing it on a regular basis.

Yeah, it wasn't really a nice situation, however I understand that windice may not be making profit so they just decided to lower it because of that. I mean if you are a casino and you are bleeding cash when you do a competition, you would drop the prize as well.

It is just sad that they dropped it so much, from 0.2 to 0.02 is really a huge fall, I would have liked to see 0.1 first, and if that didn't profited them maybe 0.05 later, until they start to make a profit, going from 0.2 to 0.02 directly wasn't really a likeable decision by them. However they still have pretty decent whales so they didn't really got hurt and if they are profiting who are we to tell them not to do something when they know what they are doing better than we do since we are not the owners.

I don't know exactly how big the current prize pool for the wagering contest is, but it's definitely bigger than 0.02 BTC. It is 0.03 minimum by my estimations, but the initial prize pool was also bigger than what you said. When the contest started, back in September-October 2019, there were 50 paid places with 0.3 BTC in the prize pool, if I'm not mistaken. Ahh, those were the days!

But, yeah, I totally agree with you, it's up to the owners to decide how big the prize pool should be.

fullhdpixel

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Activity: 2828

Merit: 611

Quote from: SquallLeonhart on May 07, 2020, 01:57:12 PM

Quote from: livingfree on May 05, 2020, 01:46:06 PM

Quote from: windice on May 04, 2020, 01:18:36 PM

390 million bets!

Congratulations windice.io for this milestone again. It's been such a quick journey for you and we have never noticed the time and how far that you're going.

Next stop, 500 million then to 1 billion bets.

By the looks of it they usually get like 10 million bets on 10 days, so usually around 1 million bets per day. Which means from the looks of it may take about 610 days, about 1.5 years, which is about 2021 November or so. With some growth and all that, some promotions that increases and many stuff like that along the way, I can say maybe 2021 summer would be a great timing to hit a billion.

Not saying they can't hit it, but Q3 of the year is around right now, it ends with June, so a place that has come to 390 million literally all its life, will probably not be another 610 million in a month, that would be insane and requires like all gamblers of all crypto to suddenly come here and start gambling like crazy, I don't see it. However next summer is probably is right, late Q3 or early Q4 of 2021 is definitely a realistic expectation.

Let me put it this way on how consistent the windice betting has been because they have been basically making 1 million bets per day so much that, the last time they shared the total one has been 390 million and that was on 4th of may, right now we are on 9th of May, 5 days later, and they are already at 395 million, just 5 million more, which shows you how they are getting 1 million per day for sure.

It means they really need some more increase, I mean I get that 1 million bet per day is not bad at all, but when you are like that for MONTHS that shows that maybe there could be something that could increase the price in general. Maybe marketing, maybe some more competition like back in the days, maybe something else I can't think but this place looks like it did amazing for a while and then stopped.

coinfinger

sr. member

Activity: 1638

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Quote from: Betwrong on May 03, 2020, 05:52:11 AM

in order to win 0.012 BTC as a prize, because you are likely to lose 0.47 BTC along the way. So, I'm inclined to believe that they are not doing it for the contest, but rather high rollers doing it on a regular basis.

Yeah, it wasn't really a nice situation, however I understand that windice may not be making profit so they just decided to lower it because of that. I mean if you are a casino and you are bleeding cash when you do a competition, you would drop the prize as well.

It is just sad that they dropped it so much, from 0.2 to 0.02 is really a huge fall, I would have liked to see 0.1 first, and if that didn't profited them maybe 0.05 later, until they start to make a profit, going from 0.2 to 0.02 directly wasn't really a likeable decision by them. However they still have pretty decent whales so they didn't really got hurt and if they are profiting who are we to tell them not to do something when they know what they are doing better than we do since we are not the owners.

Topic: ♨️🎲 WINDICE.io 🎲 0.3 BTC Wagering Contest 🔰 Progressive Faucet💰 Jackpots 🎁❤ - page 34. (Read 30091 times)