♨️🎲 WINDICE.io 🎲 0.3 BTC Wagering Contest 🔰 Progressive Faucet💰 Jackpots 🎁❤ - page 68.

Betwrong

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Quote from: darewaller on October 02, 2019, 01:20:51 AM

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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, 01:20:51 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, 01:20:51 AM

Quote from: Betwrong on October 01, 2019, 05:04:56 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, 05:04:56 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, 08:05:35 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, 01:46:49 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, 08:36:53 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 29, 2019, 11:12:42 PM

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, 05:04:56 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.

ahmadakbari

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Quote from: BTCevo on October 01, 2019, 07:34:58 AM

Quote from: Betwrong on September 30, 2019, 04:58:12 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

bellicose

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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.

panjul07

legendary

Activity: 3500

Merit: 1354

Quote from: Betwrong on October 01, 2019, 05:04:56 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

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.

BTCevo

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Quote from: Betwrong on September 30, 2019, 04:58:12 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?

mitchr4

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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.

Betwrong

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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

Moiyah

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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!

livingfree

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Quote from: Lakai01 on September 30, 2019, 10:41:39 PM

Quote from: livingfree on September 30, 2019, 04:31:48 PM

I've witnessed the growth of windice and no doubt that this will continue.

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.

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.

Lakai01

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Quote from: livingfree on September 30, 2019, 04:31:48 PM

I've witnessed the growth of windice and no doubt that this will continue.

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.

livingfree

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Quote from: ahmadakbari on September 30, 2019, 04:06:09 PM

Do you have plan to conduct contests regularly every week, every 10 days, etc? Or the contests will be conducted on random days?

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.

Quote from: ahmadakbari on September 30, 2019, 04:06:09 PM

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.

ahmadakbari

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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.

windice

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ahmadakbari

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Quote from: Lakai01 on September 29, 2019, 11:12:42 PM

Quote from: ahmadakbari on September 29, 2019, 03:14:14 AM

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.

Topic: ♨️🎲 WINDICE.io 🎲 0.3 BTC Wagering Contest 🔰 Progressive Faucet💰 Jackpots 🎁❤ - page 68. (Read 30120 times)