Bitcoin Forum

Economy => Games and rounds => Topic started by: BitDouble.io on December 05, 2016, 04:55:54 PM



Title: BitDouble.io Green Train Contest
Post by: BitDouble.io on December 05, 2016, 04:55:54 PM
We at BitDouble (https://bitdouble.io/) are rolling out another opportunity for you to make some extra BTC. This contest you need to win 3 green(0) bets in a row. The first person to post His 3 consecutive green winners(roll ids) in a row will win 100mbtc



Rules
Min bet 1mbtc
Must be 3 consecutive bets in a row
Must be 3 winning bets
Only roll ids after 208800 count
Post your bet ids in this thread
Post BitDouble name with roll ids
Pm yahoo62278 with your email address registered to your BitDouble acct(or you can post it in the thread but some people like to keep things private)
Email address is needed to verify the bets

How do i get my bet IDs?

To get you bet history all you need to do is go to the top right side of the main page and scroll over your email address. There will be a menu pop up that says bets history. Click there to retrieve roll ids.

This is paying 1 winner only so the 1st person to post a valid streak of roll ids will win.



Title: Re: BitDouble.io Green Train Contest
Post by: xinzark on December 05, 2016, 06:26:13 PM
This contest is Actually contest less and a way to gain profit more from the participants. And with -ev profit
Let's use some maths here. There is 1 in 15 chances for a green to appear and since you have to have 3 consecutive wins, the chances of happening so is (15*15*15) = 3375

Every bet must be a at least 1 mbtc so according to probability one need to bet 1 mbtc 3375 times resulting in total stake of 3375 mbtc. Now here since the house is taking a crazy 6.667% fee, the user will in loss of (3375 * 0.06667) = 225 mbtc before he gets his hands on the 100 mbtc pot
Never seen such promo before where one have to loss more than what reward is


Title: Re: BitDouble.io Green Train Contest
Post by: actmyname on December 05, 2016, 10:12:37 PM
This contest is Actually contest less and a way to gain profit more from the participants. And with -ev profit
Let's use some maths here. There is 1 in 15 chances for a green to appear and since you have to have 3 consecutive wins, the chances of happening so is (15*15*15) = 3375

Every bet must be a at least 1 mbtc so according to probability one need to bet 1 mbtc 3375 times resulting in total stake of 3375 mbtc. Now here since the house is taking a crazy 6.667% fee, the user will in loss of (3375 * 0.06667) = 225 mbtc before he gets his hands on the 100 mbtc pot
Never seen such promo before where one have to loss more than what reward is

It's called gambling, buddy. When did a promotion have to be +ev for the players? After all, everything is at the owner's discretion. They don't /have/ to run any promotion.


Part of the reason why many people gamble is for entertainment - that's why so many people play at slots even though the house edge is massive. It's entertaining. Same with this, really. The whole CS:GO case-style mini-roulette wheel is entertaining.



Plus, if you were to gamble at bitdouble.io regardless, this is just a little extra to decrease the house edge. What regular player wouldn't enjoy that?


Title: Re: BitDouble.io Green Train Contest
Post by: th3nolo on December 05, 2016, 10:48:41 PM
This picture was taken today I attached the Bets ID of all rounds, This happened today a couple hours after the streak of four green exactly 673 rounds after

No one was there betting at that moment

Bets ID [209218,29219,209220]

Bets ID of the green train with a streak of 4 [208545,20855,20856,20857]


Title: Re: BitDouble.io Green Train Contest
Post by: yahoo62278 on December 07, 2016, 09:25:55 AM
This promo is still live everyone. You can gamble on as many options as you wish while trying to win this. Its not really a bad gamble at all


Title: Re: BitDouble.io Green Train Contest
Post by: Bitcoin_Delivery on December 07, 2016, 11:10:56 AM
This contest is Actually contest less and a way to gain profit more from the participants. And with -ev profit
Let's use some maths here. There is 1 in 15 chances for a green to appear and since you have to have 3 consecutive wins, the chances of happening so is (15*15*15) = 3375

Every bet must be a at least 1 mbtc so according to probability one need to bet 1 mbtc 3375 times resulting in total stake of 3375 mbtc. Now here since the house is taking a crazy 6.667% fee, the user will in loss of (3375 * 0.06667) = 225 mbtc before he gets his hands on the 100 mbtc pot
Never seen such promo before where one have to loss more than what reward is

Thanks for helping with maths, obviously this "promo" is only another way for the house to gain money from users otherwise promote betting
 on the site.
For sure around there will be more convenient promos and giveaway contest for Christmas,really profitable for users and that's is what i'm looking for!


Title: Re: BitDouble.io Green Train Contest
Post by: BicolIsarog on December 07, 2016, 11:47:28 AM
Maybe if you reduced this to two consecutive green result.

I will join this BitDouble.io Green Train Contest definitely. I agree that contest will not make for the participants.


Title: Re: BitDouble.io Green Train Contest
Post by: milewilda on December 08, 2016, 05:35:08 AM
This contest is Actually contest less and a way to gain profit more from the participants. And with -ev profit
Let's use some maths here. There is 1 in 15 chances for a green to appear and since you have to have 3 consecutive wins, the chances of happening so is (15*15*15) = 3375

Every bet must be a at least 1 mbtc so according to probability one need to bet 1 mbtc 3375 times resulting in total stake of 3375 mbtc. Now here since the house is taking a crazy 6.667% fee, the user will in loss of (3375 * 0.06667) = 225 mbtc before he gets his hands on the 100 mbtc pot
Never seen such promo before where one have to loss more than what reward is

Thanks for helping with maths, obviously this "promo" is only another way for the house to gain money from users otherwise promote betting
 on the site.
For sure around there will be more convenient promos and giveaway contest for Christmas,really profitable for users and that's is what i'm looking for!
That calculations doesnt only represents on the site itself but all off gambling site will do the same thing too and buddy this is gambling its just for people who would like to risk their money to earn money. Regarding on future promos Admin only knows on what and when, so stay tuned.


Title: Re: BitDouble.io Green Train Contest
Post by: milewilda on December 12, 2016, 07:24:03 AM
Player : Nitro Just hit 3x green (0) in a row
https://s27.postimg.org/71sor1y03/full_bet_ss.png


Title: Re: BitDouble.io Green Train Contest
Post by: BitDouble.io on December 12, 2016, 01:33:46 PM
Congrats to user Nitro for winning the green train promotion. He has been paid 100mbtc. Stay tuned for other exciting promotions from BitDouble.io