[WishDice.com] First bitcoin dice with DOUBLE CHANCE to win {NOT LAUNCHED YET} - page 6.

Chemistry1988

legendary

Activity: 1120

Merit: 1000

Quote from: HrN on April 14, 2015, 05:06:01 PM

Without the RECOVER LAST BET, the house edge is 1%.
If you include the second chance, the house edge is between -9% and -49% (minus)

I don't think your calculation is correct.
Out of the 5 "recover last bet" options, the highest EV option is the third one that gives you 30% chance to recover 30% of your last loss.
So for a bet with win chance p, the overall EV is 99% + (1 - p) * 30% * 30%.
The lowest p allowed on your site is 1% which gives a EV of 107.91% and the highest p allowed is 98.02% which gives a EV of 99.1782%.

adaseb

legendary

Activity: 3738

Merit: 1708

Its nice but its really going to mess up anyone trying to Martingale with their gambling.

But at least its a nice feature. Lately there are too many gambling websites which present the same "dice" site without anything new.

So props to the webmaster for this feature.

HrN

sr. member

Activity: 339

Merit: 250

Without the RECOVER LAST BET, the house edge is 1%.
If you include the second chance, the house edge is between -9% and -49% (minus)

Coef

hero member

Activity: 882

Merit: 1000

Exhausted

Quote from: XinXan on April 14, 2015, 04:13:38 PM

Quote from: ticoti on April 14, 2015, 04:01:40 PM

Quote from: HrN on April 14, 2015, 03:08:03 PM

Quote from: ticoti on April 14, 2015, 02:56:37 PM

it is an attractive way to play,but what are the chances to win,I mean the EV,does someone know?

BTW: it is not boot, it is bot (I mean the auto bet)

After you lose a bet, you have a button to receover last bet.
You can recover up to 50% of the amount lost.

I understand it, but I would like to know that in the long term this means a higher profit(or less losses) for gamblers, but I mean mathematically,if there is someone that knows to do the calc.

Well their house edge is 0.5% without the recover thing, with the recover thing obviously the house edge is lower i really dont want to calculate how lower but is a bit lower, i mean 0.5% is already pretty good

Wrong. The house edge without the recovery system is 1% as you are expected to get back 99% of your wagered amount (eg. 49.5% for x2).

XinXan

hero member

Activity: 1064

Merit: 505

Quote from: ticoti on April 14, 2015, 04:01:40 PM

Quote from: HrN on April 14, 2015, 03:08:03 PM

Quote from: ticoti on April 14, 2015, 02:56:37 PM

it is an attractive way to play,but what are the chances to win,I mean the EV,does someone know?

BTW: it is not boot, it is bot (I mean the auto bet)

After you lose a bet, you have a button to receover last bet.
You can recover up to 50% of the amount lost.

I understand it, but I would like to know that in the long term this means a higher profit(or less losses) for gamblers, but I mean mathematically,if there is someone that knows to do the calc.

Well their house edge is 0.5% without the recover thing, with the recover thing obviously the house edge is lower i really dont want to calculate how lower but is a bit lower, i mean 0.5% is already pretty good

Ghris

sr. member

Activity: 356

Merit: 250

Wish this was real money. Got 15.98112560 profit Cheesy

ticoti

hero member

Activity: 854

Merit: 1000

Quote from: HrN on April 14, 2015, 03:08:03 PM

Quote from: ticoti on April 14, 2015, 02:56:37 PM

it is an attractive way to play,but what are the chances to win,I mean the EV,does someone know?

BTW: it is not boot, it is bot (I mean the auto bet)

After you lose a bet, you have a button to receover last bet.
You can recover up to 50% of the amount lost.

I understand it, but I would like to know that in the long term this means a higher profit(or less losses) for gamblers, but I mean mathematically,if there is someone that knows to do the calc.

nikona

hero member

Activity: 574

Merit: 500

Is there even a house edge on this ? Normally the casinos usually have a very low house edge, around 1%. If they implement a get money back system , wouldn't that literally become +EV for the gamblers ?

HrN

sr. member

Activity: 339

Merit: 250

Quote from: ticoti on April 14, 2015, 02:56:37 PM

it is an attractive way to play,but what are the chances to win,I mean the EV,does someone know?

BTW: it is not boot, it is bot (I mean the auto bet)

After you lose a bet, you have a button to receover last bet.
You can recover up to 50% of the amount lost.

ticoti

hero member

Activity: 854

Merit: 1000

it is an attractive way to play,but what are the chances to win,I mean the EV,does someone know?

BTW: it is not boot, it is bot (I mean the auto bet)

HrN

sr. member

Activity: 339

Merit: 250

Quote from: Mewtwo on April 14, 2015, 11:00:31 AM

Your site looks nice. Load rapidly. But I think you should replace Testnet Bitcoin with Actual Bitcoin. It is much more practical.
Furthermore, should prompt additional FAQ.

Officially is not lounched. So i have BTC TESTNET wallet. ( 1 btc testnet = 0$). It's just for test.
Once i'll lounch the site, i'll replace with BITCOIN.

dznuts85

full member

Activity: 140

Merit: 100

★777Coin.com★ Fun BTC Casino!

Quote from: Mewtwo on April 14, 2015, 11:00:31 AM

Your site looks nice. Load rapidly. But I think you should replace Testnet Bitcoin with Actual Bitcoin. It is much more practical.
Furthermore, should prompt additional FAQ.

This site is still in test stage that is why tbtc is the current currency, but it will be bitcoins when this is launched officially

ImFire

newbie

Activity: 56

Merit: 0

But you can pick up, and also what is the minimum withdrawal, thanks in advance for the answers

Mewtwo

full member

Activity: 238

Merit: 100

ROAD TO HEAVEN...

Your site looks nice. Load rapidly. But I think you should replace Testnet Bitcoin with Actual Bitcoin. It is much more practical.
Furthermore, should prompt additional FAQ.

shanem

legendary

Activity: 1344

Merit: 1000

I believe this dice site will be popular when you launch it.
It offers a good advantage of recouping half your capital which can be lifesaver in a losing streak.

HrN

sr. member

Activity: 339

Merit: 250

Quote from: arallmuus on April 14, 2015, 08:17:35 AM

so I found something weird, suppose to be an error with the site ?

I was rolling with autobet for 10 satoshi bet and if lose multiply by 250 % and then since the recover loss doesnt work with autobet, I stopped the autobet and roll another bet for 35 satoshis, but this is what I found, it enable me to recover 0.002 at 50 % chance

Do you happen to have a minimum bet to use the recover loss option there?

YOu must refresh the page and it will show correctly.
I'll add autorefresh there.

XinXan

hero member

Activity: 1064

Merit: 505

Quote from: Stars on April 14, 2015, 08:07:08 AM

I'm a little confused here. So if you can recover your last bet, what is the house edge?

Well at first is 0.5% house edge but since you need luck to recover your lost money it doesnt increase too much but i think if you always get 50% back when you recover the house edge would be 0?

waterpile

hero member

Activity: 602

Merit: 500

Quote from: SyGambler on April 14, 2015, 08:57:54 AM

I visited your site
the design looks good

but I still can't understand
if I lost a bet how can I recover some ??

You can recover your last losing bet by clicking the "Recover last lost bet" and choose from the different options on how much you want to recover but it also has chances..

SyGambler

legendary

Activity: 2436

Merit: 1804

guess who's back

I visited your site
the design looks good

but I still can't understand
if I lost a bet how can I recover some ??

marioantonini

legendary

Activity: 2156

Merit: 1082

The idea is very nice, but if you earn with the lose, and recuct the lose from 10 to 50 %, your sice earn very low (but you can have more players, because is first dice how you can re-win)

Topic: [WishDice.com] First bitcoin dice with DOUBLE CHANCE to win {NOT LAUNCHED YET} - page 6. (Read 4567 times)