♨️🎲 WINDICE.io 🎲 0.3 BTC Wagering Contest 🔰 Progressive Faucet💰 Jackpots 🎁❤ - page 67.

Lakai01

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Quote from: dunfida on October 03, 2019, 07:31:13 AM

Game owners can do as much as they like and also spreading up the word doesnt really cost 10 seconds to someone.So why they should refrain on launching up some contest?

Simply put: To keep it something special. If it happens too often it becomes boring, or would you like to celebrate Christmas every week? Grin

Time will tell, I am sure Windice will lower the frequency if less and lesser people are taking part in the contests.

yoloer808

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I agree that it would be better if hidden player could not participate in races, but it does not trouble me so much.

redsun114

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If the competition is liked that much maybe after this one or at least after the third one we could consider like a weekly one? For example, it starts at midnight when its turning to Friday (Thursday night going into Friday) and than ends at Sunday midnight? That way every week people would know there is a competition here and come here to gamble.

Both the casino and its players would win from this, I mean players who win big rewards would get big rewards and casino would have a ton of people gambling and trying to beat each other in wagered numbers as well. It is just a suggestion, it all depends on how the second one goes, if the second one happens to be huge as well and the team loves the results than I suggest my version of weekend competitions instead of randomly doing it.

Betwrong

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Quote from: livingfree on October 03, 2019, 02:06:50 AM

Two days left and chickendinner is by far sitting the 1st place on this competition with 3.28BTC wagered. And most of the other following candidates are hidden.
~

It's a common practice for gambling sites to not award players who are hidden in wagering contest. What about WinDice? Do players who are hidden receive prizes? Sorry, if it was answered earlier, I guess I missed it then. At least from what I can see about the previous wagering contest on WinDice, hidden players were rewarded.

EDIT:

Quote from: panjul07 on October 03, 2019, 07:32:36 AM

~It is common in most other gambling site such as Stake and Primedice. There are many hidden usernames joining the race every single day, it is allowed because I believe it is a part of the privacy of the gamblers. There is no reasons for the site to ask their players to reveal their usernames while there is a contest running.~

Hm, interesting. I thought PD had this rule, I was talking about. I just check it for Bitsler, and here is their top 5:

Quote from: https://www.bitsler.com/en/dashboard

Maybe it's a coincidence, but there are no hidden players in the top 5 there.

panjul07

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Quote from: mitchr4 on October 03, 2019, 07:07:31 AM

Quote from: livingfree on October 03, 2019, 02:06:50 AM

Two days left and chickendinner is by far sitting the 1st place on this competition with 3.28BTC wagered. And most of the other following candidates are hidden.
Source: https://windice.io/contest

I'm a little uncomfortable with some hidden players in this contest however this is a public contest for the players there, Windice should only allow people who show their account names to show fairness. I also don't know how they hide their names while in the privacy setting we can only hide total wagered and profit Huh

It is common in most other gambling site such as Stake and Primedice. There are many hidden usernames joining the race every single day, it is allowed because I believe it is a part of the privacy of the gamblers. There is no reasons for the site to ask their players to reveal their usernames while there is a contest running. Big players usually wants to be anonymous as much as possible including hiding their usernames from other users. If your main concern is about fairness, I believe windice wont do something like cheating on the contest by creating accounts to compete with real players.
Coming up to the privacy setting, probably once you set your total wager and profit hidden then you will be hidden username automatically.

dunfida

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Quote from: Lakai01 on October 03, 2019, 12:18:47 AM

Quote from: dunfida on October 02, 2019, 03:30:59 PM

Quote from: Betwrong on October 02, 2019, 05:56:59 AM

Quote from: darewaller on October 02, 2019, 02:20:51 AM

~
Jesus Christ, I think windice made a ton of money from this competition, otherwise why would they put a new one right after the most recent one.

It is not necessarily so. With so much given away as prizes, I think it's good if their profit during the contest wasn't negative. It's a promotional contest, and normally gambling sites don't make money with those. It's run for the sake of promotion.

I disagree with this.They wont make things if they werent able to make money out of those promotions/contest.This will give out both (profits and exposure).

I second this. It wouldnt make any sense in terms of promotions to host the same contest right after the last one. There is way too less time in between those contests to get any marketing effect eg. people have no time to spread the word and tell their friends about it.

Game owners can do as much as they like and also spreading up the word doesnt really cost 10 seconds to someone.So why they should refrain on launching up some contest?

Quote from: mitchr4 on October 03, 2019, 07:07:31 AM

I'm a little uncomfortable with some hidden players in this contest however this is a public contest for the players there, Windice should only allow people who show their account names to show fairness. I also don't know how they hide their names while in the privacy setting we can only hide total wagered and profit Huh

We know how other players do give importance their privacy but this is crypto gambling where identity cant be known even if you do showed up your username.
Hidden feature is somewhat senseless on my part.

mitchr4

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Quote from: livingfree on October 03, 2019, 02:06:50 AM

Two days left and chickendinner is by far sitting the 1st place on this competition with 3.28BTC wagered. And most of the other following candidates are hidden.

Source: https://windice.io/contest

I'm a little uncomfortable with some hidden players in this contest however this is a public contest for the players there, Windice should only allow people who show their account names to show fairness. I also don't know how they hide their names while in the privacy setting we can only hide total wagered and profit Huh

livingfree

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Two days left and chickendinner is by far sitting the 1st place on this competition with 3.28BTC wagered. And most of the other following candidates are hidden.

Source: https://windice.io/contest

Lakai01

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Quote from: dunfida on October 02, 2019, 03:30:59 PM

Quote from: Betwrong on October 02, 2019, 05:56:59 AM

Quote from: darewaller on October 02, 2019, 02:20:51 AM

~
Jesus Christ, I think windice made a ton of money from this competition, otherwise why would they put a new one right after the most recent one.

It is not necessarily so. With so much given away as prizes, I think it's good if their profit during the contest wasn't negative. It's a promotional contest, and normally gambling sites don't make money with those. It's run for the sake of promotion.

I disagree with this.They wont make things if they werent able to make money out of those promotions/contest.This will give out both (profits and exposure).

I second this. It wouldnt make any sense in terms of promotions to host the same contest right after the last one. There is way too less time in between those contests to get any marketing effect eg. people have no time to spread the word and tell their friends about it.

ahmadakbari

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Quote from: BTCevo on October 02, 2019, 12:16:07 PM

About the long term 1% house edge I do completely understand because it approximately match to what we usually know. It will be 1% from the wagered amount. But in his case for the 2 loses is a little bit weird, I just want to know if it is also affecting their numbers of bets or not, because as I know there will bo not much different on the bet as well. Is it true that he is using the 98% of winning probability?

According to what he himself said, yes. The chance of win was set to 98%.
Generally, when you set the chance of win to 98%, it is expected to lose 2 times in every 100 rolls, but there is no guarantee that this happens.
If the house edge is 0, in a game with 98% chance, the odds is 1/0.98 = 1.02
Existence of house edge causes the odds to be lower.
If the house edge is 1%. The odds is 0.99/0.98= 1.01

dunfida

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Quote from: Betwrong on October 02, 2019, 05:56:59 AM

Quote from: darewaller on October 02, 2019, 02:20:51 AM

~
Jesus Christ, I think windice made a ton of money from this competition, otherwise why would they put a new one right after the most recent one.

It is not necessarily so. With so much given away as prizes, I think it's good if their profit during the contest wasn't negative. It's a promotional contest, and normally gambling sites don't make money with those. It's run for the sake of promotion.

I disagree with this.They wont make things if they werent able to make money out of those promotions/contest.This will give out both (profits and exposure).

BTCevo

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Quote from: ahmadakbari on October 01, 2019, 09:14:46 AM

Quote from: BTCevo on October 01, 2019, 08:34:58 AM

Quote from: Betwrong on September 30, 2019, 05:58:12 AM

You see, although I lost two times, my negative profit is almost exactly equal to 1% of the wagered amount.

So you are saying that with 100 games which is 1% house edge you are suppose to lose 0.3 at one time but instead of losing once you are losing twice so that means it is lower than 1% of the house edge. 0.5% per lost? Because in my perception when you are doing 100 games with 1% house edge you tend to lose only 1 times right? 1% of 100 games should be 1 but you have 2 loses although the amount that you wagered is almost 1% of the wagering. Is this what you meant?

When the house edge is 1%, you don't lose 1% of the games you play. The number of games you lose depends on odds too, When the house edge is 1%, in long term. you lose 1% of the amount you bet not 1% of the games you play.
Int the game Betwrong has played, the probability of winning is 98%. So, he lost 2/100 games. The house is 1%, so he lost 1% of the amount he wagered

About the long term 1% house edge I do completely understand because it approximately match to what we usually know. It will be 1% from the wagered amount. But in his case for the 2 loses is a little bit weird, I just want to know if it is also affecting their numbers of bets or not, because as I know there will bo not much different on the bet as well. Is it true that he is using the 98% of winning probability?

bellicose

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Quote from: ahmadakbari on September 30, 2019, 05:06:09 PM

Do you have plan to conduct contests regularly every week, every 10 days, etc? Or the contests will be conducted on random days?
Seems that everything is going very good with your website. The volume is high and I expect the second contest to attract more gamblers.

If you are about wager contests, then I don’t know, and if you mean other weekly contests, they are published on the forum weekly, and also do not forget about contests in vk. In general, I like this approach from the administration, here you can earn a few bucks with virtually no risk of losing your deposit.

Betwrong

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Quote from: darewaller on October 02, 2019, 02:20:51 AM

~
Jesus Christ, I think windice made a ton of money from this competition, otherwise why would they put a new one right after the most recent one.

It is not necessarily so. With so much given away as prizes, I think it's good if their profit during the contest wasn't negative. It's a promotional contest, and normally gambling sites don't make money with those. It's run for the sake of promotion.

Quote from: darewaller on October 02, 2019, 02:20:51 AM

Let's see after the first one how much money will be gambled this time, will there be some people who got tired on the first one or will there be even more.

I think there will be more contestants next time, one can't get tired of getting prizes.

panjul07

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Quote from: darewaller on October 02, 2019, 02:20:51 AM

Quote from: Betwrong on October 01, 2019, 06:04:56 AM

Wow! Another great wagering contest is happening so soon!

Hope I won't miss the last hour of this one.

One tip for the potential contestants: the last hour is the most decisive one, but also try to wager something before that to have an advantage over those who joined in the very last hour. Auto-betting speed has its limits, you know. Wink

Jesus Christ, I think windice made a ton of money from this competition, otherwise why would they put a new one right after the most recent one.

They probably made a ton of house edge profits in total and what they gave away as 0.3 was nothing compared to the money they made, think about it, if they did only a slightly more than usual then there was no need to make a new one right afterwards, they could have waited or even try a new one that might have resulted with more profits, if they lost money then they wouldn't even try to make a new one, it is so obvious that they made a ton of money because they are doing one right away.

Let's see after the first one how much money will be gambled this time, will there be some people who got tired on the first one or will there be even more.

Mathematically they made profit but I do not think that the profit is that much. Continuing the contest is not about the profit only but it is also a part of the promotion that they need to do to compete with other gambling sites. Even if they lost a lot of money on the first contest, I believe they will still continue the contest to be a regular contest. It is how business work in general, any business needs to be ready to lose some money at the beginning stage to get great profit afterwards.

darewaller

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Quote from: Betwrong on October 01, 2019, 06:04:56 AM

Wow! Another great wagering contest is happening so soon!

Hope I won't miss the last hour of this one.

One tip for the potential contestants: the last hour is the most decisive one, but also try to wager something before that to have an advantage over those who joined in the very last hour. Auto-betting speed has its limits, you know. Wink

Jesus Christ, I think windice made a ton of money from this competition, otherwise why would they put a new one right after the most recent one.

They probably made a ton of house edge profits in total and what they gave away as 0.3 was nothing compared to the money they made, think about it, if they did only a slightly more than usual then there was no need to make a new one right afterwards, they could have waited or even try a new one that might have resulted with more profits, if they lost money then they wouldn't even try to make a new one, it is so obvious that they made a ton of money because they are doing one right away.

Let's see after the first one how much money will be gambled this time, will there be some people who got tired on the first one or will there be even more.

ralle14

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Quote from: bellicose on October 01, 2019, 09:05:35 AM

I want to talk about contests in vk Roll Eyes

. Admin, why such small prizes at the moment in such difficult competitions? You give only 0.01 LTC for winning the competition, which translates into 55 cents in dollars. I understand that complaining is stupid, because it’s free and still has at least some prize, but you need to either make the challenge easier or increase the award.

The competition doesn't seem difficult there's not a lot of rules to follow other than posting the betid with your username. If you check their forum's challenges it's much harder since the rules are more specific than the ones on vk. There's no reason to increase the reward since any bet amount is eligible it's only difficult for those who don't have enough bankroll or haven't made any deposit recently.

Quote from: dunfida on October 01, 2019, 02:46:49 PM

What dice site you do saw in the market these days that do ask out KYC? You can answer out your own question via visiting the site.

When it comes to marketing aspect they have long time running signature campaign on this forum atm.Even had wagering contest and more.

His post was made few days before they launched their signature campaign and windice's admin also answered his KYC question right after he made that post.

dunfida

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Quote from: Haunebu on March 05, 2019, 09:36:53 AM

Just checked out the website and the design is quite appealing. Other sites need to learn from your registration process which is clearly simple and effortless.

Is KYC required here since I could not find any information regarding it?

I would focus on the marketing aspect due to the stiff competition these days.

What dice site you do saw in the market these days that do ask out KYC? You can answer out your own question via visiting the site.

When it comes to marketing aspect they have long time running signature campaign on this forum atm.Even had wagering contest and more.

redsun114

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Quote from: Lakai01 on September 30, 2019, 12:12:42 AM

The highest win chance you can set is 98%, so you have to calculate with 2% loss or I am wrong? If that is the case he has lost almost the same amount he has won?!

Win chance and house edge are different things. You can have 98% win chance and win most of the games but when it comes to calculating the average loss expectation you will still lose 1% house edge as always. It is easily misunderstandable because you think the win rate is like that but the thing we are talking about here is the house edge.

If you lose on average 1% of all your wagered amounts it doesn't matter what your winrate is, you can bet on 5% chance to win or 98% chance to win and in the end you should have an average of 1% loss because of the house edge, one person can get lucky or unlucky and change that but the house average should always be at 1% because of the edge. This is why the calculation shows that the winner should doubled his money unless he got super unlucky.

yoloer808

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Quote from: Betwrong on October 01, 2019, 06:04:56 AM

Wow! Another great wagering contest is happening so soon!

Hope I won't miss the last hour of this one.

One tip for the potential contestants: the last hour is the most decisive one, but also try to wager something before that to have an advantage over those who joined in the very last hour. Auto-betting speed has its limits, you know. Wink

Awesome, looking forward to this.

Topic: ♨️🎲 WINDICE.io 🎲 0.3 BTC Wagering Contest 🔰 Progressive Faucet💰 Jackpots 🎁❤ - page 67. (Read 29757 times)