♨️🎲 WINDICE.io 🎲 0.3 BTC Wagering Contest 🔰 Progressive Faucet💰 Jackpots 🎁❤ - page 57.

leea-1334

hero member

Activity: 2338

Merit: 953

Temporary forum vacation

Quote from: Lakai01 on October 29, 2019, 11:21:39 PM

Statistically speaking the prize you may win lowers the house edge. So you can wager more than you normally should, this can be perfectly seen in the last contests where the #1-spot was taken with way more than 10 BTC which looks odd at first glance (10 BTC * 1% house edge is 0.1 -> exactly the prize for the first place).

It is I think not to do with statistics (statistics show how chance translates into likelihood) here and even so,,, you are wrong. It does not lower the house edge. It makes up for it.

So in your example, the prize of 0.1 BTC will make up for the house edge, so the guy is break even, not positive.

If he has a referrer then the house is in negative.

Lakai01

legendary

Activity: 2296

Merit: 2721

Quote from: leea-1334 on October 29, 2019, 03:36:00 AM

Quote from: ahmadakbari on October 28, 2019, 05:49:47 AM

Quote from: livingfree on October 27, 2019, 06:46:18 PM

Another contest we've got there and the length is within approximately 4 days. 1st - 10th place sure got a nice allocation for the pool.

But aim for 1st - 7th place.

There is no guarantee that you can make more profit if you are in higher rank. Many times a gambler who wins the 10th place profits more than the first winner.
Shouldn't be greedy for bigger prizes. It can cost the gambler much more than the prize.

Of course there is no profit guarantee in gambling, but if there is a competition, you can always guarantee the prize adds to your rewards. As long as, to me, you see that there is positive expected return in the top 10 in any competition (minus house edge and plus prize money), it is mathematically worth it to try,,, that is not counting variance of course.

Statistically speaking the prize you may win lowers the house edge. So you can wager more than you normally should, this can be perfectly seen in the last contests where the #1-spot was taken with way more than 10 BTC which looks odd at first glance (10 BTC * 1% house edge is 0.1 -> exactly the prize for the first place).

livingfree

hero member

Activity: 2884

Merit: 579

Hire Bitcointalk Camp. Manager @ r7promotions.com

Quote from: ahmadakbari on October 28, 2019, 05:49:47 AM

There is no guarantee that you can make more profit if you are in higher rank. Many times a gambler who wins the 10th place profits more than the first winner.
Shouldn't be greedy for bigger prizes. It can cost the gambler much more than the prize.

Quote from: panjul07 on October 28, 2019, 02:16:03 AM

It would be better if you do not aim for the prize of the competition. Focusing too much to compete for the prize of the competition may lead you to something bad, so you need to be realistic as well.

I understand you guys but you don't know what's on the mind of other participants. They wouldn't join a contest if they don't have any intention of winning and aiming for a nicer prize potential but as the prizes stated, they have an idea on how much they would get if they will put the most from them.

19 hours left for the contest, good luck everybody.

SquallLeonhart

legendary

Activity: 2464

Merit: 1102

I guess giving out the biggest prizes to the top 3 makes sense, its not an adjusting prize its actually a set prize so if (won't happen but giving an example) the top wagerer ends with 0.5 then they are losing a ton of money right? Now, we all know there will be at least 5+ and probably even 10+ but that doesn't mean windice could risk that.

They could make some sort of adjusting one where the top person makes 0.1% or whatever back and what not and that means they are still getting profit from the house edge and the gambler has a lower house edge so both parts win, then it doesn't matter if top wagerer is 1 btc or 100 btc. However, the risk is this way if top wagerer wagers a lot then they would earn a lot more than they give out so the top 3 is the most important in this system.

DoublerHunter

hero member

Activity: 2590

Merit: 644

Quote from: Betwrong on October 29, 2019, 06:03:10 AM

~snip~
Good luck to all the participants of the Halloween Contest!

^ That is good you are near, just a little more to rolling dice you almost there. I had received an email yesterday while I am on travel about this contest. Good to see the prize and quite high and it was very tempted to join. So sad I don't have enough time in competing with those previous winners and I know it's them to defeat. Sharing my thought and have a nice day Windice team and staff and also wanna say, Good luck participants.

Betwrong

legendary

Activity: 3374

Merit: 2198

I stand with Ukraine.

Quote from: Zicadis on October 28, 2019, 03:53:28 PM

~
Is this prize shared with the top players or the top player gets it all?
~

Go to windice.io, and click CONTEST here:

They have a really great live chart there which is updated every second. Even if you are not among the top 50, you can see your current position, like mine here, for example:

which is very convenient and adds more fun to the game.

Good luck to all the participants of the Halloween Contest!

leea-1334

hero member

Activity: 2338

Merit: 953

Temporary forum vacation

Quote from: ahmadakbari on October 28, 2019, 05:49:47 AM

Quote from: livingfree on October 27, 2019, 06:46:18 PM

Another contest we've got there and the length is within approximately 4 days. 1st - 10th place sure got a nice allocation for the pool.

But aim for 1st - 7th place.

There is no guarantee that you can make more profit if you are in higher rank. Many times a gambler who wins the 10th place profits more than the first winner.
Shouldn't be greedy for bigger prizes. It can cost the gambler much more than the prize.

Of course there is no profit guarantee in gambling, but if there is a competition, you can always guarantee the prize adds to your rewards. As long as, to me, you see that there is positive expected return in the top 10 in any competition (minus house edge and plus prize money), it is mathematically worth it to try,,, that is not counting variance of course.

Bitinity

legendary

Activity: 3066

Merit: 1312

Quote from: ahmadakbari on October 28, 2019, 11:34:17 AM

Quote from: veleten on October 28, 2019, 09:07:42 AM

50 places give a chance for everyone to win a share of the prize pool , but the fight for the 0.14 btc prize is going to be an epic one
pretty sure it is one of the highest prizes for this kind of contests I have seen
maybe I will deposit 0.04 and try to wager enough to get into the top 3 this time , will depend on how crazy the local whales go Grin

In the third contest ( The latest 3-day contest) 12 BTC were needed to be wagered to win one of first three prizes. As the prize for this contest is bigger, I expect higher amounts is needed to be wagered for the top 3 prizes. With 0.04 BTC you can wager about 4 BTC.
Anyway, what I said is only based on latest 3-day contest and 1% house edge. I know it's gambling and everything is possible. Wish you good luck.

There is no exact math formula to calculate how much we can wager based on our starting bankroll. It will always depend on his strategy and obviously depend on his luck. He may not even wager more than 4btc if he is unlucky but he may wager more than 10 or even 20btc if he is lucky enough while wagering.
The main challenge will be on the last hour or even minutes as usual when whales come and wager big amount to overtake our position who are wagering every single day. Grin

dunfida

legendary

Activity: 3122

Merit: 1140

Quote from: Lakai01 on October 28, 2019, 11:41:08 PM

Quote from: Zicadis on October 28, 2019, 03:53:28 PM

Quote from: windice on October 28, 2019, 02:56:07 PM

🎃 THE HALLOWEEN CONTEST has started! 🎃
Prize Pool -⚡️0.4 BTC⚡️

➡️ https://windice.io/contest

Is this prize shared with the top players or the top player gets it all? I was going to comment how generous this is but I suppose if the prize is to be shared among the top 10 players then the excitement isn't as high. Interesting to see the winners from all of the casinos contests Tongue

Scroll up 5 posts, there is a list where you can see how many BTC you get per place. Of course it is shared amongst all 50 participants, but the vast majority of the coins are split between the top 3 players. Don't expect it to be an easy task to win the contest, I am sure you will need to wager > 10 BTC to win.

It wont really be that compelling if they would just give out top 3 players on the said prize.They do know the effect between top 3 and a top 50 prize allocations. Wink

justdimin

hero member

Activity: 3164

Merit: 675

www.Crypto.Games: Multiple coins, multiple games

I think it all depends on how you gamble and how much money you have. Even a small timer like me could get into top 10 if we are talking about the 1 day one, the 3 day one looks a bit more difficult obviously but does it really worth it? That is the real question.

Yes, I can find like 50k satoshi somewhere and try to play with 10k satoshi on 99% win chance and what not and even if I lose what are the odds of me losing 5 times in a row without making at least 10k profit and then losing that as well, I would probably reach to top 10 before that happens, maybe I won't but at least it does worth a try if you ask me. However does it really worth it? I feel like it wouldn't really worth the hassle, if you are a whale that has at least 0.1 or more than you can try but if not then it is better to leave it to them.

Lakai01

legendary

Activity: 2296

Merit: 2721

Quote from: Zicadis on October 28, 2019, 03:53:28 PM

Quote from: windice on October 28, 2019, 02:56:07 PM

🎃 THE HALLOWEEN CONTEST has started! 🎃
Prize Pool -⚡️0.4 BTC⚡️

➡️ https://windice.io/contest

Is this prize shared with the top players or the top player gets it all? I was going to comment how generous this is but I suppose if the prize is to be shared among the top 10 players then the excitement isn't as high. Interesting to see the winners from all of the casinos contests Tongue

Scroll up 5 posts, there is a list where you can see how many BTC you get per place. Of course it is shared amongst all 50 participants, but the vast majority of the coins are split between the top 3 players. Don't expect it to be an easy task to win the contest, I am sure you will need to wager > 10 BTC to win.

Zicadis

legendary

Activity: 1372

Merit: 1027

Dump it!!!

Quote from: windice on October 28, 2019, 02:56:07 PM

🎃 THE HALLOWEEN CONTEST has started! 🎃
Prize Pool -⚡️0.4 BTC⚡️

➡️ https://windice.io/contest

Is this prize shared with the top players or the top player gets it all? I was going to comment how generous this is but I suppose if the prize is to be shared among the top 10 players then the excitement isn't as high. Interesting to see the winners from all of the casinos contests Tongue

windice

copper member

Activity: 424

Merit: 5

🎲 windice.io ❤️

🎃 THE HALLOWEEN CONTEST has started! 🎃
Prize Pool -⚡️0.4 BTC⚡️

➡️ https://windice.io/contest

ahmadakbari

full member

Activity: 602

Merit: 116

Quote from: veleten on October 28, 2019, 09:07:42 AM

50 places give a chance for everyone to win a share of the prize pool , but the fight for the 0.14 btc prize is going to be an epic one
pretty sure it is one of the highest prizes for this kind of contests I have seen
maybe I will deposit 0.04 and try to wager enough to get into the top 3 this time , will depend on how crazy the local whales go Grin

In the third contest ( The latest 3-day contest) 12 BTC were needed to be wagered to win one of first three prizes. As the prize for this contest is bigger, I expect higher amounts is needed to be wagered for the top 3 prizes. With 0.04 BTC you can wager about 4 BTC.
Anyway, what I said is only based on latest 3-day contest and 1% house edge. I know it's gambling and everything is possible. Wish you good luck.

veleten

legendary

Activity: 2016

Merit: 1107

five hours left before the start of the wagering contest
crazy prizes , will definitely be participating:

50 places give a chance for everyone to win a share of the prize pool , but the fight for the 0.14 btc prize is going to be an epic one
pretty sure it is one of the highest prizes for this kind of contests I have seen
maybe I will deposit 0.04 and try to wager enough to get into the top 3 this time , will depend on how crazy the local whales go Grin

ahmadakbari

full member

Activity: 602

Merit: 116

Quote from: livingfree on October 27, 2019, 06:46:18 PM

Another contest we've got there and the length is within approximately 4 days. 1st - 10th place sure got a nice allocation for the pool.

But aim for 1st - 7th place.

There is no guarantee that you can make more profit if you are in higher rank. Many times a gambler who wins the 10th place profits more than the first winner.
Shouldn't be greedy for bigger prizes. It can cost the gambler much more than the prize.

Bitkoyns

sr. member

Activity: 1078

Merit: 262

Quote from: panjul07 on October 28, 2019, 02:16:03 AM

Quote from: livingfree on October 27, 2019, 06:46:18 PM

Another contest we've got there and the length is within approximately 4 days. 1st - 10th place sure got a nice allocation for the pool.

But aim for 1st - 7th place.

It would be better if you do not aim for the prize of the competition. Focusing too much to compete for the prize of the competition may lead you to something bad, so you need to be realistic as well.
Just an example, lets say you are starting wagering and you win nice amount already but you are not even on the top 50 place. In this case, it will be better if you stop wagering and enjoy the winning instead of trying to wager more for your aim as you may lose what you have just won as well as you may lose all what you have.

I agree with you here, in the past I always chase the prizes and I end up busting my wallet. Sometimes you will lose more than the prize you can get when trying to reach the top prizes and sometimes you wouldn't get anything if you got busted early in the competition. Its really best to save all the money won as it is already yours unlike the prizes which is not yet sure you would get it

panjul07

legendary

Activity: 3500

Merit: 1354

Quote from: livingfree on October 27, 2019, 06:46:18 PM

Another contest we've got there and the length is within approximately 4 days. 1st - 10th place sure got a nice allocation for the pool.

But aim for 1st - 7th place.

It would be better if you do not aim for the prize of the competition. Focusing too much to compete for the prize of the competition may lead you to something bad, so you need to be realistic as well.
Just an example, lets say you are starting wagering and you win nice amount already but you are not even on the top 50 place. In this case, it will be better if you stop wagering and enjoy the winning instead of trying to wager more for your aim as you may lose what you have just won as well as you may lose all what you have.

livingfree

hero member

Activity: 2884

Merit: 579

Hire Bitcointalk Camp. Manager @ r7promotions.com

Another contest we've got there and the length is within approximately 4 days. 1st - 10th place sure got a nice allocation for the pool.

But aim for 1st - 7th place.

FanEagle

legendary

Activity: 2884

Merit: 1117

Yeah looking at the winner for example, he spent 3.1 bitcoins which has an expected loss of 0.03 and he won 0.04, of course that doesn't mean that he lost or won money in this sense because with one bad luck you can lose more than expected or with one good luck you can win instead of lose, that is why I doubt it was exactly 0.03 loss. It is really not something we can calculate normally (specially for something as small as 3 btc, maybe would have been easier with 300 btc).

However, all in all the "possibility" of having positive house edge is a lot better than having negative one. Rodolman literally played with positive house edge which very very rare people can say when they are gambling on a casino. Dude had a expected win of 0.01 btc when gambling this contest.

Topic: ♨️🎲 WINDICE.io 🎲 0.3 BTC Wagering Contest 🔰 Progressive Faucet💰 Jackpots 🎁❤ - page 57. (Read 29951 times)