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Topic: ♨️🎲 WINDICE.io 🎲 0.3 BTC Wagering Contest 🔰 Progressive Faucet💰 Jackpots 🎁❤ - page 68. (Read 29951 times)

legendary
Activity: 3374
Merit: 1922
Shuffle.com
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.  

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.

legendary
Activity: 3122
Merit: 1140
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.
hero member
Activity: 2730
Merit: 585
Leading Crypto Sports Betting & Casino Platform
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.
full member
Activity: 288
Merit: 113
Web dev for hire


Wow! Another great wagering contest is happening so soon!

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

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.
full member
Activity: 602
Merit: 116
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
sr. member
Activity: 1120
Merit: 263
Sovryn - 300-500% APY on USDT Deposit
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.
legendary
Activity: 3500
Merit: 1354


Wow! Another great wagering contest is happening so soon!

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

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


Last hour and enough bankroll to overtake other position in few bets only, that's smart move for this kind of wagering contest. The main problem for me and maybe some Asian players is about the last hours which will be after midnight or on the sleeping time so I need to stay awake overnight for this contest.
Would be nice if they have various ending time for the future contest so timezone difference wont be a big problem for some players.
legendary
Activity: 1834
Merit: 1008
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?
legendary
Activity: 2716
Merit: 1017
Join the world-leading crypto sportsbook NOW!
Windice doesn't want to be left behind with several other dice sites that already made this wagering contest. After the success of the first round, I was happy to see another round 2.
At the last time is the most crucial thing because at that time many players who had just joined had many bankrolls. So for players who take part in this contest do not be overtaken by people like them.
legendary
Activity: 3374
Merit: 2198
I stand with Ukraine.


Wow! Another great wagering contest is happening so soon!

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

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
member
Activity: 630
Merit: 20
Kudos to the Windice team, the first Wagering contest has been successful. I have participated in the contest but unfortunately I did not make it on the top 50. The players are really competitive especially the last 3 hours was really worth watching because the pressure is there, lol. I enjoyed it a lot. There's another contest tomorrow? I'm excited about it. Good job, windice!
hero member
Activity: 2884
Merit: 579
Hire Bitcointalk Camp. Manager @ r7promotions.com
I've witnessed the growth of windice and no doubt that this will continue.  Smiley
It will continue, windice posted it 2 posts above yours -> Starts tomorrow, same price pool.
In my opinion the start date is too close to the end date of the last contest. Such contests should be held only once a month or so to keep them "something special" and something players are very looking forward to.
I'm talking about the growth and contests as well bud.  Smiley

We don't know how they would run the contests but as long as they exist, take time to participate and enjoy the competition. Soon there will be more competitors just like what we've been seeing right now. The active users are increasing and the participants too.
legendary
Activity: 2296
Merit: 2721
I've witnessed the growth of windice and no doubt that this will continue.  Smiley
It will continue, windice posted it 2 posts above yours -> Starts tomorrow, same price pool.
In my opinion the start date is too close to the end date of the last contest. Such contests should be held only once a month or so to keep them "something special" and something players are very looking forward to.
hero member
Activity: 2884
Merit: 579
Hire Bitcointalk Camp. Manager @ r7promotions.com
Do you have plan to conduct contests regularly every week, every 10 days, etc? Or the contests will be conducted on random days?
They don't have any plan of conducting that with a specific date, they are announcing it on random guys so enjoy and be ye ready while it lasts. Just after with the wager contest, here we go with another one.

Seems that everything is going very good with your website. The volume is high and I expect the second contest to attract more gamblers.
I've witnessed the growth of windice and no doubt that this will continue.  Smiley
full member
Activity: 602
Merit: 116
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.
copper member
Activity: 424
Merit: 5
🎲 windice.io ❤️
full member
Activity: 602
Merit: 116
The first winner of the contest has wagered 5 Bitcoins and won 0.1 Bitcoin as the prize. As the house edge is 1%, the expected loss amount is 0.05 bitcoin. He has won twice this amount. It shows that how the contest provide gamblers a good opportunity. The profit of the first place winner was guaranteed. He could also win this prize with wagering 3.5 bitcoins and 0.035 expected loss.
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?!
The house edge is equal to 1-Payout*chance.
So based on default inputs, house edge=1-2*0.495=0.01
This number won't change if you change payout or chance. For example if you change the payout to 4, the chance becomes 24/75%. So the house edge is 1-4*0.24750=0.01
In the long term you lose 1% of the amount you bet.
legendary
Activity: 2016
Merit: 1107
veleten
Unfortunately or fortunately, the windice administration did not even put any protection on the IP address, you can simply open a new user in the chrome browser and create an infinite number of accounts and use the faucet (which system is so rigged). Do you think this is a high-end casino? Is it adequate to introduce such a structure of transferring coins to other users with a minimum balance of 0.002 btc at a time when there is a huge hole ignoring user IP verification?  Huh

ethical aspects of such behavior aside ( its a clear attempt to abuse the system )
I'm sure windice has security in place to prevent such "players" to take advantage of them
besides , it is written in their TOS that doing this is against the rules and can and will lead to all of the accounts closure and funds confiscated
love the "rigged" faucet accusations - probably cheating poor you out of their free money , tsk tsk tsk  Grin
legendary
Activity: 2296
Merit: 2721
You see, although I lost two times, my negative profit is almost exactly equal to 1% of the wagered amount.
Ah damn, I didnt count in the won amount during his rolls. Splendid, thanks for your enlightment Wink

So this means at least a total of 30 BTC had to be wagered during the contest to be profitable for Windice (putting the advertising effect aside)?
legendary
Activity: 3374
Merit: 2198
I stand with Ukraine.
The first winner of the contest has wagered 5 Bitcoins and won 0.1 Bitcoin as the prize. As the house edge is 1%, the expected loss amount is 0.05 bitcoin. He has won twice this amount. It shows that how the contest provide gamblers a good opportunity. The profit of the first place winner was guaranteed. He could also win this prize with wagering 3.5 bitcoins and 0.035 expected loss.
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?!

You are forgetting about the amounts won along the way. Yes you are likely to lose 2 times within a hundred rolls playing with 98% win chance, but you should also take into account the cumulative amount of the 98 winning bets.

I just played on WinDice, and, luckily, I got the perfect illustration:



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