Bitcoin Forum

100 Free credits sent to users:

icedrac
dooglus
ruzka

 ;D

those who signed up mulitiple accounts to get mulitiple 100 points from oldminer, are blacklisted and will not get paid out ;D

Registered with username : Kylie
Would like to try put the casino with free credits pease

Thank you

Hi, Please click my banner below to join my downline

http://www.bitwincasino.com/banners/468x80_01.gif (http://kproxy.com/servlet/redirect.srv/sruj/shhzdcy/p1/servlet/redirect.srv/sruj/shhzdcy/p1/servlet/redirect.srv/sruj/sxxtenqcynlbv/sstu/p1/?reff=4)

Okay, no problem, but does that mean I have to re-register an account to join your downline?

Yes, as I am only an affiliate of the casino, I have no access to the customer database to be able to manage it.

100 free gaming credits sent to users watchmego & sam :)

I signed up, do I get the sign up bonus.

Hi, yes you are right. The game was paying much too high with play money. In fact, I played the game last night after I got your PM's and immediately won several hundred credits with real money as well. Within 5 minutes the owner of the site hit me up on Skype and asked me to jump out of the game as he was uploading some fixes and patches to this game (I forwarded him your PM's to me earlier in the day). I played this game again just now and the win/loss ratio seemed reasonable.

Please do continue to let me or user 'Redcoin' know if you find any more bugs. We do appreciate it. Although I may not reply to all of your PM's I do read them, look into the issue, and pass the information you provide onto the site owner. 'RED' & I can both play these games for hours and still miss a problem. Although the games are developed by another company and have already been tested, we did find a few 'bugs' in beta testing which we alerted the game developer too (and which they fixed promptly). We will however continue to test and report any issues we find & take games offline if necessary while the problems are rectified.

Finally, yes you did PM me re your login issue. Customer login was temporarily disabled while we were enabling email verification for new accounts. Before I could look into your issue, you PM'd me again to say not to worry about refunding your 0.02BTC as you could now login so the issue was obviously sorted.

Not sure why you deleted your post I quoted above...

Did you sign up using my affiliate link in my signature or OP? What name did you register with (I'll check my downline).

thx

Yes, JesusLovesPizza

Ok, I registered by clicking on your banner.

Now with username : ItsKylie

Thanks

credits sent :)

Ok, I still dont see you in my downline? Did you click your activation email?

A bit more information on the Casino's affiliate program:

BitWinCasino Affiliate Program

Anyone can earn a 20% cut of the Casino profits. Once you signup you will see an affiliate link in your account. If you put this in your signature and someone clicks it and signs up for an account, you will earn 0.4 points, for every 100 points bet, for the life of the customer.

These funds can be transferred any time into your gaming account, by pressing the transfer button. You can then use these credits to play for real money or you can just let them accumulate, convert them to Bitcoins and withdraw. :)

I wont be deleting negative feedback provided its justified & constructive - in fact, we welcome it. If somethings not working the way it should, we would like to know about it. On the whole, feedback from people that have tried the Casino has been very positive, but unfortunately the previous thread wasn't moderated and quickly filled with unnecessary & unwarranted spam. Too much money, time & effort has gone into setting up this Casino to see a thread promoting it graffitied by a few self-concerned individuals. A moderated thread fixes that issue.

thx

p.s. 100 free game credits sent to user 'howeth' :)

Can you clarify on what was said in a previous thread that a bank balance is maintained? Does that mean that if the bank balance is low, odds change? will you also have provable fairness in the future?

The only person who can answer this question is user: Redcoin (the casino owner). I've PM'd him to see if he can/wants to provide a response.

In the meantime, anyone can create an account and bet minimal amounts and judge the payout rate for themselves. About 6 weeks ago I was informed of the casino being in beta testing and was given 1BTC (10,000 points) to test the games with. At one stage I had this balance up to 1.9BTC (19,000 pts). This balance is now down to 0.8BTC (after factoring in points I have given away in the affiliate program). Most of my wagering was on slots. I wouldnt want to try and guess how many hours of entertainment I've had on that 1BTC but I can say I played the games for at least 1-12 hours a day (at a guess) for over 6 weeks and still have a reasonable balance.

Btw, if anyone decides to take advantage of the 100 points offer, and play Luxuriouslot, make sure you change your total lines bet to start with as it default is 1 point x 50 lines. You could lose the lot in 2 x spins if your unlucky. Some of the other games have a lower default wager (eg: Indian charm default is .10 points x 50 lines.

thanks

Please let us know if you signup via my affiliate link and dont get your free credits. It may be your email address has failed our verification checks and we will need to find out why. Also, please check your spam folder for the verification email.

thanks

I tried registering again using your affiliate link because the first few times there were problems. Not sure why

Username: Bitwin_Kylie

Hopefully it worked this time..Confirmed account email too

Thanks

Credits sent :)

Thank you! Glad it worked ;)

Coins sent :)

You should use the free points oldminer gave you and have a try, you will see its quite easy to win

Not sure how to be "provably fair". Its a different type of game, and only pays out when there are losers, same way as any modern slot machine.

The main difference is the odds payout, Bitwin is 98%, while pub/casino pokies and most online ones are set to less than 90%.

This means Every 100 you bet, regardless whether you win or lose, 98 goes back into the prize pool, with 2.5% of that going into the jackpot pools, if its a jackpot game.

When the game draws a hand, it checks if there is enough funds in the prize pool to cover the win, if there isnt it will make you lose.
 
however what you need to realize is table games like roulete, blackjack, sicbo, etc mathematically have the same odds to win as a live casino game, which is around 80-90% return, which is way less than the prize pool, so it would be rare that the prize pool would not have funds to cover wins on those games. So playing those is just like a live game.
 
To summarize:

If you win 98 points, it means somone has lost 100 points

Is it also appalling that the casino paid out sufficient winnings to players to create this 'negatively-balanced' prize pool?

As I stated previously, I don't run the casino so don't know enough about it, but IMO if this is how it works, it means somebody else won and walked away with more than they started with. Such is the nature of gambling.

Username: ainghia1308.
Thanks!

Coins sent :)

Username: Boelens

coins sent

I think it does, my IGT gameking, Multistar safari, ex casino game,  I can go into the settings and choose which % of return it can be set to. So it obviously determans what to pay out based on what money its collected. right? else how does it calculate a payout rate?

Lets reverse this statement - "Should you be lucky because someone else was 'punished' (lost)?" Is this lucky person then considered to be 'stealing' from the casino because someone else before him lost?

When you walk into a Casino you have no idea whether the 'house' is in front or behind. You put your money in the slot and you hope the players before you lost, and lost big, because you know the odds of that slot paying out are 'likely' to be higher. You also hope that slot hasn't just paid out big for the same reason. You might say well maybe the slot is on a 'payout' streak? Maybe it is, maybe it isnt, but how can you know for sure either way? Its all about probability at the end of the day and no-one can ever know if they are about to win or lose before they gamble - ever. Thats why its called a 'gamble'. No matter what the game or where you play. This casino has a 98% payout and thats as good as you will get anywhere.

Thats how gambling machines work, a machine thats just had a huge payout will not give another big payout  until its been filled up again.

the payout rate is the expected average and doesn't change according to the previous play. for example, if I pay someone 5x their bet if they roll a 6 on a fair 6-sided die and they roll a 6 on the first roll, the die doesn't suddenly start rolling 1,2,3,4s and 5s to make up for it, it's simply what's expected and after an arbitrarily long number of rolls, the result tends to be around 0.833x the total amount wagered. The way real casinos make money is by gambling themselves, except they have a positive expected return (the key word being expected). They can be up a lot of money or down a lot of money, but on average, they make slightly more than what they are wagering. There have been many times where casinos are down a lot due to a high betting baccarat player, jackpot winner or other lucky player, but they don't suddenly start making games pay 50% on average to make their money back since then players won't come. Instead they stick with the same odds as usual and hope to make it back on the long run.

more can be learned here: http://en.wikipedia.org/wiki/Gambler%27s_fallacy

The thing you have to understand is that slot's random number generators have no idea what the last numbers they made are. they are just as likely to pay 3 jackpots in a row as they are to pay 3 jackpots 6 months apart from each other. The thing with slots is that the odds aren't clear when you play them usually, but if your casino does indeed pay 98%, than that means, at all times, it should be the same odds. That means if a slot jackpot is 1000 credits, but the bank only has 950 so it decides to say that you can win the jackpot, even though you can't, and that the odds are 98%, even though removing the jackpot lowers the odds, then you are stealing from players, because you are advertising 98% returns when it is really lower. your games should all be independent and if another player wins 110% that he wagered, that doesn't mean the casino has 110% returns and should short pay the next player to make it average to 98%, it means he got lucky and the odds should remain 98%. If your upset that you lost money running a casino, just understand you are rolling dice too.

This is the process of slot machine manufacturing: The company decides how many icons/lines/bonus games should the slot have. They give the job to a mathematician who builds a PAR sheet with a payout table formula and exact distribution of the icons. Then his formula is ran through a simulator, which simulates millions of games, to be able to determine projected return. Based on the paytable different games have different gameplay. This is called Volatility Index. The more Volatile a slot machine is, the more ups and downs it will have throughout time (hot and cold periods, where if a machine hasn't paid in a long time it is likely in a cold period which is about to end), the less volatile - the more balanced play it will have (frequent small wins and no big surprises in terms of player wins). Usually the mathematicians create 3 or 4 payout levels (88%,92%,95%,98%), which are then set as an option in the slot management software for the operator to choose and change whenever he likes (most likely what you are referring to when saying you can change %s in your IGT game). However, the game is entirely random, and payouts are not based on previous losses in any case. Most slot manufacturers (like IGT, Williams, Playtech) guarantee that the machine will have a stable house return within 10,000,000 spins. In the short term, a casino can lose millions, and previous play is not a factor.

Posting this for educational purposes.

For this scenario to occur, the bank would need to not only have not enough money available to pay the jackpot (which Redcoin said is unlikely to occur in his previous post), but the jackpot would also need to be 'overdue' ie: it has passed its pre-programmed random 1:10,000 payout ratio. RED would need to confirm this but I suspect what would still occur in this instance is once the funds are there, the jackpot is paid, and the next jackpot is paid earlier as well, since the 10,000 count started when the previous 10,000 finished (even though the jackpot wasnt paid until spin 13,000 for example). What you need to realise is we're not talking about balls spinning in a bucket here that fall out randomly...these are computer generated programs that monitor bank balances, jackpots, & payouts. Chance still plays a big part in whether an individual wins or loses, but its determined by a computer, not by the 'random' roll of a dice (though I'm sure lots of random numbers are thrown around as part of the programming). A good thing about a computer managing the 'randomness' however is you are guaranteed a 98% payout. You wont get that assurance from balls dropping out of a bucket. You could get a lot more sure - but you could get a lot less than 98% too.

Is this one fair?  It seems a simple coin toss would be easy enough to program to be fair.

Or does it make sure the player loses if the casino has been unlucky recently?

All the games are fair.

The casino has a 98% payout, so for every 100 credits bet, 98 are put back into the prize pool.

The best way is to prove it for yourself. Claim the 100 free credits and make your own judgement.

Thanks, we are still finding the odd bug with some of the game but are working towards fixing them as they are found.

That's not what Redcoin says.  He said earlier that if there haven't been enough losers recently then it's impossible to win:


I presume that means that if there isn't enough to pay out a winning coin toss, you won't get a winning coin toss.  Is that correct?

If this provably fair 'concept' (& please dont try to claim its anything more than that) is so important to you, perhaps you should go and play somewhere else wheres its in place. I sincerely wish you the best of luck - your probably going to need it with most other forms of gambling/casinos paying out a lot less than 98%.

As is quoted elsewhere in a discussion on the subject of 'provably fair' gambling here: https://bitcointalk.org/index.php?topic=311404.60

"But with any of the dice games, how can you tell if the winning seed was generated before or after your bet and roll? Or how can you tell if the first seed generated (which might have been a win) wasn't discarded and regenerated until your roll would create a loss instead ?  As long as in the long term the payout matches what the house odds claim to be, how would you tell that that the long odd bets were performing as promised? If the stated odds are 1 in 1000, but after 200,000 roles, only 900 wins occurred , how would one know if that was the luck of the house, or a random number generator or other logic wasn't subtly altered to benefit the house?"

In my opinion, 'provably fair' is just a scam run by some gambling sites to instil confidence in the customer - nothing more (but people can do their own research on the topic & discuss it further in other threads in this forum if their interested). Lets rest the discussion on the subject in this thread here :)

Click my link below & create an account, & I'll be happy to send you some :)

http://www.bitwincasino.com/banners/468x80_01.gif (http://www.bitwincasino.com/?reff=4)

Quoted for those few individuals that seem to have missed it. :)

Registered with username : nthoangga

Will try this out when I get my bonus  :)

Coins sent :)

You misunderstood the game, there is no 99% odds. if you fill 50% of the area, it pays 20x the bet, so you have a 1 in 20 chance to win, or 95% chance to lose. 75% of the area pays 10x the bet, 90% chance to lose. the maximum area pays 1.3x the bet, so you have a 70% chance to win. so that why you lose 1/3 of the time. So to find the odds of winning just look at what the payout is.

So i did. Still the backend is horrible.

Surprising why you keep the url on click at ?reff=4.

You should set a referral cookie.

(can't register, damn that over 18 rule.)

Free credits sent to users gannicus & x4zers :)

Every gambling site has an over 18 rule. You can lie about it, it's in their TOS so it's your repsonsiblity, not their responsibility.

Free 100 credits sent to user btcmadness :)

IMO that is not a fair comment neither is a player getting 26 snake eyes in a row.

Its a very fair comment.

Regards the issue with the game, this occurred some days ago when an attempt was made to rob the casino. Someone managed to 'win' 150,000 credits by hacking one of the games which caused issues with the software. However, the attempted theft was discovered within the hour & thieves were blocked from withdrawing. The casino was then taken offline while logs were checked & additional security measures implemented. The issue with the software was rectified, and the casino was back online within a few hours.

thanks

p.s 100 free credits sent to new signee robertl13 :)

What exactly di this player do to "hack the casino?"

Coins sent  :)

Username: Cruel6

Cant wait to try it :) looks awesome

True, that. I don't register on Bitcoin gambling sites that explicitly state that under 18's can't register, though.

Credits on their way!  ;D

registered as golikcoin

thank you  ;D

username: berrycorp

lets see how it goes!

coins sent

Good suggestion, it has been implemented.

To check your referral code is working, log out, click your link, hit register, and view source of the form, you will see referred by: 4

username : winalunt

thanks

Coins sent

username Dot99lr

 thanks

credits sent to you & eddyubachs :)

Thank you, can't wait to try the games :)

my id is Daijess

ty

Coins sent to you & user leancuisine :)

Username - Ditto

ty.

Uhmmm... i try to register but i received a blank mail

:(

coins sent

hmm..You using Outlook & AVG? http://support.microsoft.com/kb/2854787

No

I received in my mail, not Outlook.

Hmm..PM user Redcoin..he owns the casino & will be able to help.

username wayneyoyo

thanks

Just registered , id : Inkvor

thank you

coins sent to 3 posters above :)

Username: Beckers

thanks

Credits sent :)

Got it.
Thanks

Ok... now i can enter in :) Thanks

My username: Hura

username: dalston5000 :)

username Beymond

thanks for free tryout

Username : chaospeter

username sosulon

thanks !

Free credits sent to:

1. sosulon
2. chaospeter
3. beymond
4. samrobertson
5. golikbux
6. dalston5000

 :)

And me??? :(

Sorry, just found your name in my downline..Ive sent you 200 credits (100 bonus) due to the issues you had with signup :)

Great! Thank you :)

What a pity! Unlucky lost all :( at Indian slot

Tip: Bet small (at least to start with) & build up a 'bank' before you bet big. At least thats whats worked for me best ;)

LOL

I played some shot at BJ playing MINIMUM 1
Then i played MINIMUM 0.5 for 50 lines

I think there is no minimum

Lost :(

According to our logs you played about 100 hands of BJ after which you still had a balance of 201 credits, then you lost it all on Indian Charm slots?

Username 'Hfleer1', would like to try. 
thanks

Hi, signup using my affiliate banner or link in my signature & I'll send u 100 credits once I see you in my downline :)

Casino back online after some maintenance

Credits sent to psy2013 & ddrchen :)

100 hundred hands? So much? Probably :)

But the Indian slot destroyed me in a few time like a flash :( ...playing minimum

Notice:

Cheaters signing up multiple accounts will not be paid out, and their accounts cancelled. We are not accusing anyone of doing this right now though we are looking into what seems attempted abuse of the free credit give-away.

thanks

Well those are some nice looking slots, but the games don't seem to be working for me. I'm using chrome so maybe that's the reason why.

Whats the issue you are having  ???

Free credits sent to:

dawama
hbhbhh
goldprinzz

justdave3996

just signed up with your referral link, username datguyian

Hey pimps,

Ive lowered the minimum credits on the slot machines, Now you can play for as little as 0.1 points per bet, also lowered the bet and prized on Rich Rick from 75 to 5 points, and holygrail from 10 points to 1 point.

Suggestions to further improve your gaming experience greatly appreciated.

What a pity! Just when i lost all the bonus you lowered the minimum :(

Coins sent to photoa6155 & einsteinsbros

I signed up with your link.

name: drpepper

credits sent

i got the credits, and won a huge win on indian slots during bonus round, up to 1000 chips now.  gonna blackjack for awhile to see how that goes.

Testing withdraws now, said takes up to 24hrs?  Does it seriously take that long?

Withdrawals are currently performed manually (usually within 7 hours but can take up to 24).

Signed up using your referral link.

Username: DragonStar

Coins sent to you & deborah242602 - good luck :)

Free 100 points to play offer still available to all new accounts that signup using the link in my sig :)

Coins sent to users satoshiwarrior & stevenmhenry

Hello Oldminer, my id for Bitwin Casino is ajax3592
Btw what's the value of 100 points in BTCs ?

1/100th of 1 bitcoin (1 BTC buys 10000 points)

Username: everythingbitcoin

Thanks

Coins sent :)

Thanks again.

Great graphics mate ! Never seen such 3d realism on an online casino. Good luck !

thanks :)

coins sent to urz4 & romulous

hi, just signed up. username descarte.

Username: merdzo
Thank you for free credits

Coins sent to:

1. bradcpv35
2. merdzo
3. daweller
4. brochacho

I would really suggest checking out this casino.  Not only have I won quite a bit there (and they have consistently sent payment for withdrawals), but the games have very good graphics, sounds, and background music, some in particular like Viking Story.  BTW, especially if you don't have many credits, I would suggest considering betting small, at least at first, bearing in mind that you don't for instance need all of the win lines activated on the slots in order to potentially win.  Also, many of the games have minimum bets as low as 0.10 credits.  And even if you don't have any or enough real credits, they offer plenty of free fun credits that can be used to just have fun playing the games.

thank you for the chips great games illl be back take care

Glad you enjoyed :)

We are constantly making minor upgrades to the site & games & welcome constructive feedback. Any issues with funds please PM user 'redcoin' (the owner of the casino) and as usual he will prompt in his response.

Free 100 credits sent to users bebe50 & kooycat :)

Free signup credits sent to:

madmanbits
gehsblazers05
talbot49

Anyone not received their free credits please let me know! :)

Due to the increased value of BTC, 1 BTC is now worth 1,000,000 game credits.

10,000 credits sent to user hellhex :)

10,000 credits sent to new accounts tampatoker & wasim

Would love 10,000 credits :)

username: everythingbitcoin

Username: zeus28

Click the referral link in my sig and sign up and I'll send them :)

10,000 play credits sent to zeus28

Ok, signed up under your referral link.

Username is LA2BTC

Thank you

Credits on their way!  :)

Would love free credits please

User: btcbonanza

[Bug Report]

I found a bug in your dice game by which I almost doubled the account balance in 10 minutes.
It can be used by anyone to compromise your website.
The thing is if you bet on a sum of "2" with a bet of anything <0.005 credit, the account balance never goes in negative, however if you win the balance is credited with the winning amount.

https://i.imgur.com/nPPRpP9.jpg?1

10 minutes later
https://i.imgur.com/DD7bLAM.jpg?1

_________________________________________________________
Tip Jar - 14gk5yM5ttKo2UxQ7WvEXEYAcfgdtgbnhY

Coins sent :)

i would like some credits pls

user: lttim07

coins sent :)