Bitcoin Forum

First Post. To be edited as we go along.

This thread is for the funding of Dab's new gambling site and discussion on how some or all parts of the site will operate and what game it will eventually play. However, I reserve the right to do what I believe is best for the overall success of the site.

There will be a pre-funding period, which starts now, and ends some time later, maybe some time 2 to 3 months from now; sort of an ANN or announcement. Then there will be a funding period, similar to many ICOs where you can contribute BTC via a website which will collect all, to be held in escrow by yours truly (no, it's not third party, but you can see my track record for such transactions.) This will last anywhere from 4 weeks to 8 weeks, to be announced later. We don't want it to be too short that it does not get enough exposure, and we don't want it too long that people get impatient. Based on some ICOs I have seen, between 4 to 8 weeks seems to be the sweet spot.

For there to be incentive to early participants, there will be a percentage bonus on your contribution, the earlier you send, the more you get. This will be divided or broken into weekly or daily parts, perhaps the very first will be the first 1 to 3 days. There will be a website made to do this collection automatically and a timer will also be shown. If you send 1 second too late after a particular deadline you will be in the next bonus bracket until the final days of the funding period where you get what you put in.

During the funding period, I reserve the right to use some of the funds in preparation for development (reserving future payments for domain and hosting and SSL and anti-DDoS and all that.)

After that, it will be development phase of the project and website, and any promotions or advertising campaigns (signature or otherwise). Ideally word will get out on its own, but we can help push it a little bit more. I don't have any public social media accounts so maybe someone can do this and get compensated accordingly.

The goal for the funding period is tentatively set at 100 BTC, because around 30% of that will go into development costs, 20% will go into hosting, and roughly 50% will go into a private investment fund to bankroll the site. There will eventually be a public investment feature as one of the possible important points of this new site is that it will be provably fair not just for players, but provably fair for investors as well.

There is also discussion on how the game "engine" will work, or the rules of the game. As stated above, it may be possible for this game to be provably fair for all involved, however that path may not be followed, the game may just be fair for players to keep the rules simple and easy to understand. This is all up for discussion and will depend on how many people view this, and how I finally decide on the matter.

This "ANN" phase will end in 2 to 3 months, but before the "Funding" phase begins there will be at least 2 to 4 weeks notice, so people can prepare. Anyone who is late, sorry.

I will update this first post or opening post as we go along. I will delete disruptive posts (this thread is self-moderated, huh. Because I'm the mod of this section, doh!). But usually I will just leave whatever you say here as long as there is no profanity or personal attacks or insults.

If you don't like gambling, or investments, or ICOs, or if any of this offends you, please do not participate. If you are any regulatory entity or government tax group or corporation, bureau of internal revenue, or revenue agency, I am not in your jurisdiction, this is being done from the planet Saturn (the one with rings). You may have jurisdiction on citizens of your country worldwide, but I am operating somewhere else in the Solar System. If you are a citizen of any country that has laws or regulate your use or play of gambling websites, please comply with your own laws.

Enough with the legal chit chat. I am concerned about the practical and technical analysis of this game I intend to release.

In simple terms, this will be a game where you pick one or two numbers between 1 to 37, inclusive. The game then decides a winning combination of those numbers every few hours using an algorithm and the winner(s) receive up to a thousand times what they bet. How this works is not a secret, but I will not be discussing that yet.

If you have ideas or just want to support this project, let me know. The funding part can and will be anonymous. The playing when the game is launched will be anonymous. All investors will be anonymous. I will not be asking for your email, your phone number or your address. I will probably only ask you for your bitcoin address and assign you your own deposit or funding address, and to create an account on a website that may include a username, password and either a one time code or some two factor authentication.

2 to 3 months before anything happens.

Go!

P.S. English or Tagalog only please. I wrote this in English for the benefit of others who might be interested and don't understand other languages. Eventually we might want to make this international. I did say we're doing this from Saturn. (The one with rings!) Everyone from the planets Mercury, Venus, Earth and Mars are free to participate. All other gas giant dwellers and everyone beyond, please wait.

Reserved this post. Just in case.

I am interested to this one since i can't easily withdraw my funds by now so they are all stacking up. I'll be waiting dabs :) just few more question what was the probability of Getting our ROI if it is really possitive then so be it.

Good luck to this project sir Dabs. I wanted to participate on this funding even though I am just going contribute small amount of bitcoins. I just wanted to show my support to our very own moderator here. And if you guys going to read the whole thread, for sure the last part is going to make you laugh haha. :D Good sense of humor sir Dabs.

I'm a newbie in cryptocurrency but I guess i'm learning fast enough. I don't have much but i'm in. By the way may sports betting po ba? Filipinos worldwide cgurado NBA, boxing, etc. Good luck boss.

Hindi sports betting. Meron na gumagawa noon. Ang naisip ko lang is just one simple game. Pick two numbers from 1 to 37. Winner gets 1000 times what he bets. NO LIMITS.

That's for the players. For investors, eh, di, alam mo na. Kayo ang kapitalista, ako ang "operator". Meron mananalo palagi, pero lahat tayo kikita parin. Wala ng kabo o kubrador. Pero meron siguro "signature campaign" o kaya "promotion". Ano na yon, marketing expense na yon. At baka meron referral bonus pag kumalat sa social media.

Siguro I'll have a chat room, and I'll employ admins and mods (and call them kabo and kubrador, LOL.) Ako lang nagpapabola.

I'm also trying to gauge interest in this. I mean, there are plenty of people on all the other dice sites. I don't want to put up yet another dice site.

Of course, the site will be in English, so everyone understands. Maybe I'll put a "translation" so it looks "presentable".

If I collect 500 million in bets, why not give away 400 million in prizes? The winners will be happy. Anyway, up for discussion.

magkano ang minimum na investment ng isang kapitalista? hati-hati rin to kapag natalo tama?

pwede kayang i-tokenize to?

Parang STL ( o yung illegal form nya na jueteng) pala yung style ng project nyo po sir. Mukhang papatok po ito sa mga pinoy. Tanong ko lang din po if how much is the minimum investment and if this is limited only to bitcoin?

Hello sir dabz magkano po minimum dyan sali naman po ako?
Mukhang maganda kasi sisikat po yan .

what do you mean "no limits". certainly there has to be a limit?

also to develop just one game, spending 30 btc seems like a lot to me

Bankroll, development, promotions, marketing, etc.

Sabi nga x1000 ang mapapanlunan nung winner kaya talagang kailanagan ng malaking BR

Also, spending 20 BTC for hosting? (P500,000+ or $10,000+ for hosting?)

Tho, I am interested in joining your project. Either as an investor or industrial partner (I am currently very active online, tho just new here in the forums, and am a graduating Law student, so probably I could help out in the legal side of things).

Just let us know and good luck sir Dabs!  ;D

Am also looking to develop a gambling site in the near future, if you're into co-opts pm me, I can fund my side, though it would be international.

Hdi, ka nman Pilpno eh. Dumyo kpa dto

He pmed me some bullshit in his language which I don't understand and then another reply saying am a scammer lol. Please speak English in this thread

Cos I really think you are a scammer and next time dont hi-jack threads.

I already prompted you to open a scam accusation thread in my reply to your pm, and why do i hi-jack threads while am saying am ready to spend my money?  ::)

Uh... I have not yet created an English only thread, my apologies for that. I would post that in the "marketplace" or "securities" or maybe "altcoin" forums, which ever is most appropriate.

To answer some of the concerns here:

1. most probably bitcoin only for funding or investment. This first batch will all be "private" investors or kapitalistas.
2. hosting will be prepaid for several months, and include possibilities of upgrading capacity if the demand increases. You'll have to pay bandwidth costs if there are hundreds of hits daily with hundreds of bets. If this scales to the equivalent of a small city or town in the Philippines, you'll literally have thousands of bets daily. Your $5 a month VPS just will not work.
3. law = jurisdiction of Saturn (the one with rings!). domain name from another planet too. (or outside the US and outside the PH at least.)
4. possibility of being an .onion site (tor) but maybe just a regular web page so more people can play.
5. not collecting info, not collecting fiat. bitcoin only.
6. no real minimum investment, but it wouldn't make much sense to invest smaller than 0.01 (your share will be diluted to centavos per month or something absurd.)
7. no limits, because the plan is to operate it like a real life STL / jueteng. There will always be a player that wins. Just not the guy that bet 20 BTC. :) it will still be fair, it will still be gambling, and everyone has a chance to win. that's how it is in real life and you have million and millions betting on this game.
8. if that is not desirable, then it will have to be provably fair, which implies limits depending on the bankroll.

Thanks mate, I'll be waiting for the english thread, also note that using a provable fair script prevents you from going bankrupt in case of big bets.

I'm not going to go bankrupt the way it was originally intended to operate, no matter how much people bet. I'm not sure you get the implication here. Filipinos are quite familiar with the real life version of this game I'm trying to bring online. It's been the cause of at least one President's downfall from power.

Must be some serious shit then  ;D
Good luck with your project

It is some real serious shit. Truly. Honestly. Lives have been transformed. You may think it's just a simple game. Pick a number from 1 to 37. Or pick 2 numbers from the same range.

But the impact it has on a nation and on society. It's something that many find difficult to comprehend. (It's illegal in the Philippines, but people still play it.)

Thank you for the luck. We're going to need it. But mostly marketing and promotion. If we can just capture a tiny market (and of course award prizes to winners quickly so word spreads out) then it will be a success for all the initial investors.

The concern (for me) for now is how to operate it. Can I just have a "bola" where numbers are randomly picked? Or would I have to make use of hashes and math and all that? Either way, the rules will be laid out for all the players, whether explicitly stated or implied. The point I was trying to make, the numbers are not exactly random. Think of it as "lowest unique bid auction" or something along those lines.

none of that is part of the 30btc to develop. there is a mention of 50btc for br which is understandable.

I don't know if you've tried, but you can't really develop a good or decent bitcoin game site for less than 20 to 30 BTC (fiat equivalent).

That's about how much I spent for 64blocks.com and it took about 6 months working with him. The concept is simple. All the problems with running the site ... not so simple.

"the numbers are not exactly random".
"lowest unique bid auction"

This may not work especially if we're aiming to operate and compete with the other casinos.(international)(you know how paranoid people are here)
Or is this mainly aimed at Filipinos? Another thing is the "No Limits", that's quite risky for the investors so there should always be a set max bet amount or maybe a certain percentage of the bankroll. The one I'm currently working with has 2.5% of the bankroll as the max bet amount (even though their bankroll isn't small @ 600+BTC,it's a good way to reassure investors and as well as protection against whales/bankruptcy).


Yep. 20 BTC isn't gonna work, especially with the recent spate of DDoS attacks. Cloudfare for casinos could get really pricey. (around $1k-4k)

*On a side note, have you thought about adding a game like "e-bingo"? It's a popular game among Filipinos. Plus, it's got a pretty high House Edge at around 11 - 30% I think. Take a look at this https://www.betmotion.com/en/video-bingo.aspx .  

I know this game called hweteng  in our country right.Im interested to join and invest some bitcoin.

ayun I want to be part of it sir Dabs hehe kaso pag ipunan ko muna yung pang invest ko kahit konti lang tulong narin ako sa ibang gawain  ;D goodluck po pala. Ay wait sir Dabs ask ko lang kasi diba bawal/binawalan yung mga online gambling dito satin or mali lang talaga ako ng nabasa? parang inutos ni mr. president dba? ano po bang balak niyo dun?

good luck on your project sir Dabs, im sure the people here will have your back. im willing to invest aswell. Keep it up sir.

Correct me if I'm wrong ah. I think yung online gambling na pinagbabawalan ni Duterte is the ones Pagcor accredited na mga computer gambling establishment. Di siya actually online like mga websites but establishments with computers where you can gamble.

Wala rin kasing jurisdiction ang Philippine Government regarding websites offering gambling. So they can't really touch these onlien gambling websites, unless it violates any laws of the Philippines and within the country.

I think I want to be part of this project, I'll keep an eye on this one. Purely a filipin concept.

Navette Capital Group will be watching the developments of this.
Please provide more details on PM?

Regards

I am not really familiar with the game jueteng but I have been hearing this all over the place.
And I don't know how it works.

But I'm on your back Sir Dabs. I want to invest as well.

good luck on this sir dabs.
still gonna follow this thread for updates

Im also interested. Mahaba pa yung Panahon kaya pwede pa ako nakaipon ng pandagdag pa pero pag matatabi na ako ng pang start kung magsisimula na to good luck sir dabs.

parang yun nga hehe sana hindi sakop yung magiging gambling site ni sir dabs nakalagay naman sa post niya na hindi sakop ng jurisdiction yung soon gambling site niya , go tayo mga guys :)

Yes, this is a concern in this bitcoin-centric gambling world. Yet there are hundreds or thousands of "traditional" fiat-only gambling websites. Poker. BlackJack. Live Dealers. Slots. Other casino games. None of them are Provably Fair. They do have a certificate from some government agency, or some group that audited them. But there is no way for a player to verify anything.

It's a website operating from Saturn, so it's open to everyone in the Solar System where it is legal for players, but I won't bother checking.

I'm gambling on my reputation. It's how all traditional 1-37 operators worked. They paid out winners. Everyone knows the games are "rigged", but if you played the right strategy, you could be a winner too. It's simple: you bet on the numbers that no one else bets on.

I don't want to spell it out for you, as that's part of the fun and mystique and mystery and allure of the game. Everyone thinks they all have a chance. They do. It's essentially a raffle. I just need to find a way to make it look nice.

I could always go and make it "Provably Fair", that won't be a problem, but I'm trying to gauge interest from private investors if they want to try the "traditional" way.


Again, I'm not sure you get what is implied by "No Limits". The house will NEVER lose. A winner will ALWAYS be declared. And prizes will ALWAYS be given to the winners every draw. In this case, all I need are private investors, there won't be any "public" investors like other dice sites where you can create an account, deposit bitcoins, and click "invest".


That's essentially what 64blocks already is. It's a mix of bingo, sic bo, and dice but at a house edge of 1.56%. Any kind of "traditional" lottery or bingo will indeed have a high house edge, and unless backed by a large corporation or government legally, won't attract players.


everyone else. Saturn! (The one with rings!) :) All legal advice welcome, but I can safely "discard" it. I don't know of any Saturnians that will attempt to sue me.

A lowest unique bid auction operates under the following three main rules:

1. Whoever bids the lowest unique positive amount wins.
2. If there is no unique bid then no one wins.
3. No participant can see bids placed by other participants.

In my game, we modify the rules so #2 becomes: the lowest most unique (less participants) bid wins. So there is always a winner. And we make the game a little bit more exciting by revealing a little bit (but not enough) about the bids of other participants.

It has some semblance to Guess 2/3 of the average.

You can do an online search for these terms and you'll see some material about it.

In any case, this is the reality of actual jueteng games in the Philippines. But in this website, we are, at least open about it. OR we infer or imply that that is how we operate. As far as players are concerned, it's random for all practical intents and purposes. The "RNG" becomes all the bettors for every draw.

Maybe when it launches, the first game available would be a simpler version. Pick one number from 1 to 37. Winner gets 40 times what he bet. Draw is once a day, then increases to twice a day later on. Adding more draws when there are more players.

Or, as much as I like a jueteng / small town lottery type of game, maybe I can just put up a dice site which focuses on and accepts only one particular altcoin. At least we would have a more predictable future.

Nice project good luck brother!

Good luck to this project and I'm just keeping my eye on this thread on what is going to happen in the future and quite interested for investing also.

This is going to be a good project because the game is related to a well-known gambling game in our country.

I thought this project didn't materialize. Great to hear that plan goes ahead.

I need more people interested in this before I push through with it. And by interest, I mean those who can and will contribute to the crowdfunding effort. I'm trying to estimate that before I actually do the "ICO" equivalent.

Nice im interested to join and invest to this particular gambling site by contributing with my bitcoin.

count me in sir Dabs. pwede ba malaman estimate cost kung sakali na 3-5 games ang ilalagay sa gagawin na gambling site? matagal ko na kasi gusto magkaroon ng share sa mga gambling site e pero ayoko naman yung mga site na tanggap lng ng investor, gsto ko yung part ako mismo nung site :)

Depends. The plan is to just have 1 game.

Notice that most dice sites are actually just 1 game. My existing site is just 1 game.

The issue now is if I can gather at least 30~50 BTC or more, and the other thing is if the game will be regular or provably fair. As a game with a single "board" for all players, it's fair either way.

Sir dabz parang gusto ko pong mag invest kaso medyo maliit po puhunan ko .pwede po ba magjoin kahit maliit lang puhunan kaya kung pwede maliit lang baka sakaling makasali ako.  Di ko rin po maintindihan kung paano po ako kikita dyan . paano po bako kikita kapag nag invest po ako Sir dabz.?

Just like any other gambling site, kikita ka pag maraming naglalaro. Syempre, the house always wins long term, so you simply have a share of the earnings. Pwede naman makisali, pero wag naman piso piso. Ang transaction fee ngayon aabutin ng tatlong piso na. So sa opinyon ko, hindi sulit kung 30 pesos lang ang contribution mo. Dapat siguro minimum 1000 peso equivalent or more.

I mean, kung magtatayo ko ng isaw-isaw o squid balls / fish balls sidewalk vendor, you need minimum 10k diba, bibilin mo lahat ng equipment at food ingredients, etc. at ikaw magluluto. O yung mga taho vendors, gising maaga, bili ng taho wholesale, then benta benta bawat cup ...

Ang target ko sana is at least 50 BTC, at ang maximum number of individual contributors ko sana is only 100 to 200. So the average "buy-in" would be at least 0.25 BTC. Depending on how much we can actually raise, is what may determine the nature of the game, kasi if it's too little then we might have to open up the site to regular investors as well, to crowdfund the bankroll. Kung lumampas ng 100 BTC, pwede wala ng outside investors at kung sino lang sumali, and then let the site grow.

Anyway, sinabi ko naman yung conditions sa first post. So waiting waiting tayo, feel ko lang muna kung marami talaga interested dito. Sayang naman kung mag ICO ako, tapos after 2 months medyo mababa, then re-refund ko pa kayo lahat kung hindi matuloy. Ayoko ituloy kung less than 30 BTC ang ma collecta, kasi yun pa lang ang bayad ko sa developer, wala pa yung ibang gastusin for promotions and operations. 50 or more is the sweet spot, 100 is ideal. Any more is bonus.

Of course, all contributors will share proportional to what they send divided by the total.

ahh ganun po pala yun sir dabz . gusto ko magjoin kaso kulang pa pera ko sa minimum requirement pero sasali talaga ako at mag iipon ako para makajoin kaagad ako. hindi na ko naglalaro ng gambling kaya iinvest ko na lang dito ang kikitain ko sa trading at signature campaign.

Sir mukhang lugi abutin mo kung tutuloy mo to. Imagine, pick a number from 1-37, if you win *40(bet). kung may 37btc ako, tatayaan lahat number eh di sure win ako ng 3 btc? B-) B-)

Oo nga no. Buti na lang na sabi mo. Siguro dapat meron limitation kung mga ganyan klaseng bets. If the winning number is 37, you lose 37, but win 40.

Actually, alam ko na, kaya dapat talaga meron house edge, or in other words hindi pwede yung *40. Dapat ang pinaka mataas is 36, or less than 37 times. (Medyo wierd tingnan ang 36.63 kung 1% house edge) But then marami din mag bet ng ibang amounts sa ibang numbers, lahat yun talo. Hindi naman lahat ng players mag bet ng lahat ng numbers.

Mas maganda yung bet two numbers and win one thousand (1000) times what you bet ... (mas mataas ang house edge, medyo weird sabihin na win 1300 times diba...)

Mabuti at may nakakita ng pwedeng gawing trick ng mga ibang "professional" gambler . Sir Dabs pwede po ba namin malaman kung ilan na po ang nakolekta mo po?

Mukhang malaki laking project nga po ito talaga. Mag iinvest po ako pero hindi naman po ganun kalakihan siguro.

Gusto ko rin kasing matawag na may 'shares' ako sa isang site. Hehe

Hindi pa ako nag uumpisa mag kolekta. So wala pa. Gusto ko makita muna na talagang mataas ang interest dito. At least kasing dami ng mga nag invest sa ibang ICO like yung PSB, ... parang ganun. Maraming mas malaki pa.

Hindi naman talaga trick yon, it just slipped my mind, when I was trying to find ways to promote the site. Syempre, lalabas at lalabas din yun. Ako pa, naka pag 1 million bets ako sa JD dati. hehehe. (not to mention sa PD at SD.)

sir ang alam ko nyan, dapat 49.40 ang percentage to win, kasi kung 37 numbers, 30 tatayaan, sobrang laki ng change manalo ng x36.
Sir, ang mairerekomenda ko eh ung parang sa ending(gambling concerning pba) game lang. o di kaya, 2 number combination na kaagad kasi talung talo kung 1 number lang kelangang makuha. Iyon po ang sa palagay ko.

Maraming salamat.

uh... 30 / 37 = 81% chance to win. That's fair.

As long as the prize has the house edge deducted. Kung 37 numbers, 36 times the bet is the prize, tama lang yon. May manalo, okey lang, 36 naman ang talo.

The perfect bet for every round is equally distributed among all the bets. Or that's the ideal. When it scales up to two numbers, ok din ang 1000 times, kasi the odds are actually a bit smaller.

kumusta namn sir dabs etong project mo natuloy ba mukhang maganda kailangan lng talaga ng malaking capital, interested sana ako mag invest pero di namn kalakihan, sana my project po kayo para sa mga kababayan natin dto.

Mukang wala naman nag register ng interest dito (in terms of actual funding)... anyway, I don't have the time right now, unless meron mga maraming tao dyan that can combine all their BTC and actually reach 100.

One can prove this by sending, for example, 1 BTC to a single address, then sign a bitcoin message using that address that "I'm interested in New Gambling Site." or something to that effect. Kung 100 kayo gumawa nyan, then pwede ako mag umpisa ng crowdfunding campaign.

Mukhang alanganin boss matuloy ang project kulang kasi ata sa mga mag-invest . Ako din nga eh nagagandahan sa project na ito kaso pano mag-uumpisa kung wala pang funds. Noong last year pa ito maliit pa lang sana invest ko sa gambling site na yan pero ngayon medyo malaki laki Dahil naka-ipon na ako ng Bitcoin pero hindi pa 1 Bitcoin ang laman ng wallet ko pero kapag natuloy gusto ko talagang mag-invest sa gambling site na ginawa ni sir dabs.

 i will join in this project ..,,

ayosin nyo nalang at seryosohin ito lalaki din ang funds nyo jan then btc money..,,

are coming :).,, GOod luck

Nako puro na lang gulo dito sa pilipinas , puro na lang away dito way doon wala na talagang katahimikan dito sa pin as. Hindu ko alam kung totoo ang ibinibintang ni bongbong Marcos Kay leni robredo na aya lang siya nung nakaraang eleksyon at dapat siya ang nanalo nun. pansin ko lagi liberal party ngayon ang pinagdidiskitahan

Sir Dabs looks like 100btc or even 1btc for pilipinos are too high to be requested/invested since from what I've observed only a few pinoys invest fiat money on bitcoin. Maybe even if you make a crowdfunding campaign, only few pinoys will invest more than 1 btc into it and most likely that other country may invest more than us. By the way, I thought Online Gambling is illegal on our country.

Yeah, that's a pity.


Maybe, but I'll operate it from the South Pole. Nothing is illegal there. (It might be illegal to kill penguins.) Servers will also not be hosted in the country.

Illegal lang daw pero pag legal online gambling pwede siguro haha

Hindi naman illegal pag crypto currencies ang gamit, tsaka alam ni sir dabs kung paano lusotan yan. Ano bang magandang update dito sir?
Dami naman sigurong pinoy dito, lakihan natin ang volum ng investors para ma realize ito, kahit 1/2 btc kada isa.

Baka meron mga investor dyan interesado parin dito. Kung wala, ganun talaga. Na isip ko rin bumili ng mga ping pong balls para meron actual video of the draw. Hindi lang nga live, at alam mo na.