Bitcoin Forum

Economy => Gambling => Topic started by: massguru on February 13, 2014, 06:30:08 PM



Title: ★★★ BitForBet.com - Sweepstakes Game - 80% Winning Odds - Instant Betting ★★★
Post by: massguru on February 13, 2014, 06:30:08 PM
Hello Bitcoiners :)

We have built a super awesome Bitcoin Sweepstakes Game where you can gamble and make good money!

www.BitForBet.com (http://www.BitForBet.com)

FAQs
Quote
  • 5% of the total bet amount is BitforBet's fee.
  • Instant Bet Confirmations
  • Auto Payout System
  • Bets are detected automatically. Send only the "fixed bet amount" to the wallet ID mentioned under lottery details.
  • Bets above or below the fixed bet amount are counted as donations.
  • Each sweepstake ends at 23:59 GMT everyday.
  • Results are declared within the next 1hr after lottery ends.
  • BTC's won will be sent to the wallet which initiated the bet.

Please Note: The website is in BETA stage. If you find any bug or error or dont see your bet in the system, please email us at bitforbet@gmail.com

Suggestions are welcome :)

Thanks and Regards


Title: Re: ★★★ BitForBet.com - Sweepstakes Game - 80% Winning Odds - Instant Betting ★★★
Post by: massguru on February 13, 2014, 06:32:38 PM
RESERVED


Title: Re: ★★★ BitForBet.com - Sweepstakes Game - 80% Winning Odds - Instant Betting ★★★
Post by: massguru on February 13, 2014, 07:19:45 PM
RESERVED #2


Title: Re: ★★★ BitForBet.com - Sweepstakes Game - 80% Winning Odds - Instant Betting ★★★
Post by: Kyraishi on February 13, 2014, 10:57:58 PM
fairness?


Title: Re: ★★★ BitForBet.com - Sweepstakes Game - 80% Winning Odds - Instant Betting ★★★
Post by: massguru on February 14, 2014, 02:42:40 AM
fairness?

Every transaction can be publicly viewed on blockchain.info and you can see that we are paying out fairly :)

Thanks and Regards


Title: Re: ★★★ BitForBet.com - Sweepstakes Game - 80% Winning Odds - Instant Betting ★★★
Post by: joksim299 on February 14, 2014, 03:07:13 PM
Total amount paid 0 BTC  :(


Title: Re: ★★★ BitForBet.com - Sweepstakes Game - 80% Winning Odds - Instant Betting ★★★
Post by: massguru on February 14, 2014, 03:34:09 PM
Total amount paid 0 BTC  :(

It says 0 BTC because the site is new and just launch Stats has not updated yet. :)

Thanks and Regards


Title: Re: ★★★ BitForBet.com - Sweepstakes Game - 80% Winning Odds - Instant Betting ★★★
Post by: Authentic on February 14, 2014, 03:35:10 PM
How is the winner chosen?


Title: Re: ★★★ BitForBet.com - Sweepstakes Game - 80% Winning Odds - Instant Betting ★★★
Post by: Kyraishi on February 14, 2014, 03:37:59 PM
How is the winner chosen?

like a dice game?
if 200 players and 80% winners it choose randomly 160 persons from number1 to 200?
Just a guess.


Title: Re: ★★★ BitForBet.com - Sweepstakes Game - 80% Winning Odds - Instant Betting ★★★
Post by: Authentic on February 14, 2014, 03:38:53 PM
How is the winner chosen?

like a dice game?
if 200 players and 80% winners it choose randomly 160 persons from number1 to 200?
Just a guess.
Maybe, but it's not disclosed, so he could easily choose his own bets and win all the money. That's why I'm asking how it's chosen.


Title: Re: ★★★ BitForBet.com - Sweepstakes Game - 80% Winning Odds - Instant Betting ★★★
Post by: massguru on February 14, 2014, 04:44:16 PM
How is the winner chosen?

Our system randomly chooses 80% winners(if you chose 80% winning odds).

Basically the prize money is generated by the betting and is split into a specified percentage of betters.

Thanks and Regards


Title: Re: ★★★ BitForBet.com - Sweepstakes Game - 80% Winning Odds - Instant Betting ★★★
Post by: massguru on February 14, 2014, 05:10:23 PM
How is the winner chosen?

Our system randomly chooses 80% winners(if you chose 80% winning odds).

Basically the prize money is generated by the betting and is split into a specified percentage of betters.

Thanks and Regards

It is completely random :)


Title: Re: ★★★ BitForBet.com - Sweepstakes Game - 80% Winning Odds - Instant Betting ★★★
Post by: StinkyS4L on February 15, 2014, 04:19:10 AM
How is the winner chosen?

Our system randomly chooses 80% winners(if you chose 80% winning odds).

Basically the prize money is generated by the betting and is split into a specified percentage of betters.

Thanks and Regards

It is completely random :)

Please explain how it is random. Is it provably fair? If so, how is it provably fair?


Title: Re: ★★★ BitForBet.com - Sweepstakes Game - 80% Winning Odds - Instant Betting ★★★
Post by: massguru on February 15, 2014, 09:22:40 AM
How is the winner chosen?

Our system randomly chooses 80% winners(if you chose 80% winning odds).

Basically the prize money is generated by the betting and is split into a specified percentage of betters.

Thanks and Regards

It is completely random :)

Please explain how it is random. Is it provably fair? If so, how is it provably fair?

Our system is written in python, and uses python's random (http://docs.python.org/2/library/random.html) library. This library uses the MersenneTwister algorithm to the select the winners. The following steps are taken to select the winners.

1) Transactions count for previous day is computed.
2) 80% of the transaction count is computed. The resultant number is the targeted number of winners = N.
3) The transactions are fetched from the database and shuffled using the random.shuffle() function.
4) The shuffled transactions are then selected randomly using random.choice() function and added to the winners list = W. To ensure that duplicacy is avoided, we remove the winning transaction from the shuffled list.
5) Step 4 is repeated until we get the "targeted number of winners" = N.
6) Winners list = W, is added to database.


Title: Re: ★★★ BitForBet.com - Sweepstakes Game - 80% Winning Odds - Instant Betting ★★★
Post by: massguru on February 18, 2014, 08:00:57 AM
bump