Bitcoin Forum

Economy => Speculation => Topic started by: N12 on February 08, 2012, 02:11:36 PM


Title: New Bitcoinica Alternative
Post by: N12 on February 08, 2012, 02:11:36 PM
DO NOT MAKE ANY DEPOSITS. IT IS A TEST SITE!

https://ragecoin.appspot.com/

Oh my God. It’s epic. ;D

Title: Re: New Bitcoinica Alternative
Post by: Mushoz on February 08, 2012, 02:16:28 PM
Won 400+ coins with the 5 you get for free. I tried to withdraw, but it wasn't possible. I wouldn't deposit anything until this mess is solved. I did get a Mtgox code, but I couldn't redeem it.

Title: Re: New Bitcoinica Alternative
Post by: Koekiemonster on February 08, 2012, 02:19:13 PM
"The site is under construction. Do not use."

Title: Re: New Bitcoinica Alternative
Post by: Mushoz on February 08, 2012, 02:19:25 PM
15:14:02  Withdrawn 414 coins. Code: MTGOX-BTC-XXXXXXX
15:13:52  Won 400 coins. Balance 414 coins.

15:13:48  Bet: 10. Balance 14 coins.

15:13:43  Won 20 coins. Balance 24 coins.

15:13:40  Bet: 10. Balance 4 coins.

Title: Re: New Bitcoinica Alternative
Post by: Koekiemonster on February 08, 2012, 02:21:25 PM
You can unlimitedly click deposit and you get an additional 5 coins every time. It's just a bèta I guess.

Title: Re: New Bitcoinica Alternative
Post by: Mushoz on February 08, 2012, 02:23:17 PM
Quote from: Koekiemonster on February 08, 2012, 02:21:25 PM
You can unlimitedly click deposit and you get an additional 5 coins every time. It's just a bèta I guess.

Great.... They should have made this more clear from the start. Now I used up my beginners luck...  :(

Title: Re: New Bitcoinica Alternative
Post by: RyNinDaCleM on February 08, 2012, 02:28:34 PM
Quote from: Mushoz on February 08, 2012, 02:19:25 PM
15:14:02  Withdrawn 414 coins. Code: MTGOX-BTC-XXXXXXX
15:13:52  Won 400 coins. Balance 414 coins.

15:13:48  Bet: 10. Balance 14 coins.

15:13:43  Won 20 coins. Balance 24 coins.

15:13:40  Bet: 10. Balance 4 coins.

I just won 200, but it says 1 coin = 0.01BTC  :(

Title: Re: New Bitcoinica Alternative
Post by: Mushoz on February 08, 2012, 02:35:21 PM
15:35:00  Won 1000 coins. Balance 35550 coins.

LOL. Why isn't really money enabled yet? :p

Title: Re: New Bitcoinica Alternative
Post by: notme on February 08, 2012, 02:41:05 PM
Quote from: Blitzboom on February 08, 2012, 02:11:36 PM
DO NOT MAKE ANY DEPOSITS. IT IS A TEST SITE!

Either you really suck at reading, or OP edited his post.

Title: Re: New Bitcoinica Alternative
Post by: Mushoz on February 08, 2012, 02:42:10 PM
Quote from: notme on February 08, 2012, 02:41:05 PM
Quote from: Blitzboom on February 08, 2012, 02:11:36 PM
DO NOT MAKE ANY DEPOSITS. IT IS A TEST SITE!

Either you really suck at reading, or OP edited his post.

Was edited.

Title: Re: New Bitcoinica Alternative
Post by: RyNinDaCleM on February 08, 2012, 02:42:54 PM
Quote from: Mushoz on February 08, 2012, 02:35:21 PM
15:35:00  Won 1000 coins. Balance 35550 coins.

LOL. Why isn't really money enabled yet? :p

That would be cool, IF you could sign up yet.  

Title: Re: New Bitcoinica Alternative
Post by: Mushoz on February 08, 2012, 02:44:03 PM
Why can't I bet 1k per spin? :(

Title: Re: New Bitcoinica Alternative
Post by: Mushoz on February 08, 2012, 02:46:57 PM
15:46:42  Won 5000 coins. Balance 68150 coins.

15:46:38  Bet: 100. Balance 63150 coins.


Going strong...

Title: Re: New Bitcoinica Alternative
Post by: Mushoz on February 08, 2012, 02:47:23 PM
15:47:06  Won 8000 coins. Balance 75950 coins.

15:47:03  Bet: 100. Balance 67950 coins.


Wow! Nice one!

Title: Re: New Bitcoinica Alternative
Post by: s1mngg on February 08, 2012, 02:48:21 PM
ahaha, I thought this was legit.
nearly jizz'd my pants !


03:48:35  Withdrawn 1540 coins. Code: xxxx-BTC-xx-xxx-xx-xx

03:48:24  Won 1500 coins. Balance 1540 coins.

03:48:21  Bet: 50. Balance 40 coins.

Title: Re: New Bitcoinica Alternative
Post by: Mushoz on February 08, 2012, 02:51:33 PM
15:51:12  Won 4000 coins. Balance 102955 coins.

15:51:08  Bet: 100. Balance 98955 coins.


Over 100k! What do I win?  ;D ;D ;D

Title: Re: New Bitcoinica Alternative
Post by: epetroel on February 08, 2012, 02:58:20 PM
Wow, this has real potential.

Title: Re: New Bitcoinica Alternative
Post by: Koekiemonster on February 09, 2012, 12:18:02 AM
Quote from: Mushoz on February 08, 2012, 02:51:33 PM
15:51:12  Won 4000 coins. Balance 102955 coins.

15:51:08  Bet: 100. Balance 98955 coins.


Over 100k! What do I win?  ;D ;D ;D

Nothing.

I win:

01:16:36  Bet: 100. Balance 222222 coins.

01:16:32  Bet: 10. Balance 222322 coins.

01:16:26  Won 100 coins. Balance 222332 coins.

01:16:23  Bet: 50. Balance 222232 coins.

01:16:17  Won 500 coins. Balance 222282 coins.

Title: Re: New Bitcoinica Alternative
Post by: legitnick on February 09, 2012, 12:58:04 AM
http://i0.kym-cdn.com/photos/images/newsfeed/000/181/813/1726009-shut_up_and_take_my_money_super.jpg?1317708806

Title: Re: New Bitcoinica Alternative
Post by: ineededausername on February 09, 2012, 03:03:00 AM
Wow, people are already wasting time and the site won't even pay out yet!  ;D

This site is fucking great.

Title: Re: New Bitcoinica Alternative
Post by: adamstgBit on February 09, 2012, 03:12:40 AM
Quote from: ineededausername on February 09, 2012, 03:03:00 AM
Wow, people are already wasting time and the site won't even pay out yet!  ;D

This site is fucking great.
22:10:52  Game over.

22:10:49  Bet: 1. Balance 0 coins.

22:10:26  Bet: 1. Balance 1 coins.

22:10:09  Bet: 1. Balance 2 coins.

22:09:52  Bet: 1. Balance 3 coins

I need to deposit more btc!

Title: Re: New Bitcoinica Alternative
Post by: ineededausername on February 09, 2012, 03:26:15 AM
Sadly, the creator of this great site has moved on to better things.  It's been up in beta for months.

http://bitcoinstats.com/irc/bitcoin/logs/2011/11/14/15

Title: Re: New Bitcoinica Alternative
Post by: old_engineer on February 09, 2012, 08:26:27 AM
Quote from: ineededausername on February 09, 2012, 03:03:00 AM
Wow, people are already wasting time and the site won't even pay out yet!  ;D

This site is fucking great.

It's the new farmville.

Title: Re: New Bitcoinica Alternative
Post by: cloon on February 09, 2012, 03:57:18 PM
you all know, that it needs a wining chance lower than 50%  to finance the site

if this site would be alredy up, (playble with money) they would never be able to pay all the winnings...
myself played few times with free 5 coins, but won everytime 100+
-> system would collaps

Title: Re: New Bitcoinica Alternative
Post by: dooglus on February 09, 2012, 10:42:02 PM
Quote from: cloon on February 09, 2012, 03:57:18 PM
you all know, that it needs a wining chance lower than 50%  to finance the site

if this site would be alredy up, (playble with money) they would never be able to pay all the winnings...
myself played few times with free 5 coins, but won everytime 100+
-> system would collaps

You would think that a 98% payout should mean a 2% profit on turnover, but it seems the variance is massive.  The first few times I played I lost the 5 BTC I 'deposited'.  Then I got on a lucky streak:

Code:
14:38:05  Won 4000 coins. Balance 51651 coins.
14:38:02  Bet: 100. Balance 47651 coins.

So I lost about 15 and won 47k - and it seems from this thread that plenty of others are also winning big.

How can that be?

Maybe rather than setting the payout to around 50% the answer to achieving an affordable variance is not to allow bets of 50 or 100 times the minimum.

Title: Re: New Bitcoinica Alternative
Post by: gewure on February 09, 2012, 10:46:16 PM
ROFLMFAO genius!! :D

where can i donate?!

Title: Re: New Bitcoinica Alternative
Post by: dooglus on February 10, 2012, 08:29:13 PM
I just calculated the expected payoff of this game.

It's 416%.

No wonder we're all winning!

Symbol layout:

Code:
wheel 1: 1 1 3 1 5 2 1 6 2 1 4 3 0 1 2 3 4 0 7 1 2 1 3 1 1 3
wheel 2: 1 0 2 1 3 4 0 2 6 0 3 1 4 7 0 5 0 3 2 0 1 0 2 1 0 2
wheel 3: 3 0 1 3 2 5 0 2 1 6 0 3 1 0 1 0 2 4 7 3 0 0 1 3 0 1

Symbol distribution:
Code:
  |  1  2  3
--+----------
0 |  2  8  8
1 | 10  5  6
2 |  4  5  3
3 |  5  3  5
4 |  2  2  1
5 |  1  1  1
6 |  1  1  1
7 |  1  1  1

Payouts:
Code:
7 7 7   500
6 6 6   250
5 5 5   150
4 4 4   100
6 5 4    80
3 3 3    80
3 3 .    50
2 2 2    50
2 2 .    40
1 1 1    30
1 1 .    15
0 0 0    10
0 0 .     5
0 . .     2

Calculation:
Code:
>>> (500 + 250 + 150 + 100*4 + 80 + 80*5*3*5 + 50*5*3*(26-5) + 50*4*5*3 + 40*4*5*(26-3) +
     30*10*5*6 + 15*10*5*(26-6) + 10*2*8*8 + 5*2*8*(26-8) + 2*2*(26-8)*26) / 26.0 / 26 / 26
4.1603322712790165

It turns out that if the 40 payout was the only winning combination, we would still win with a 104% payout:

Code:
>>> 40*4*5*(26-3) / 26.0 / 26 / 26
1.0468821119708696

Title: Re: New Bitcoinica Alternative
Post by: wobber on February 10, 2012, 09:47:02 PM
I like the Bitcoinica-like look. How is this made?

Title: Re: New Bitcoinica Alternative
Post by: stochastic on February 10, 2012, 10:00:02 PM
Quote from: dooglus on February 10, 2012, 08:29:13 PM
I just calculated the expected payoff of this game.

It's 416%.

No wonder we're all winning!

Symbol layout:

Code:
wheel 1: 1 1 3 1 5 2 1 6 2 1 4 3 0 1 2 3 4 0 7 1 2 1 3 1 1 3
wheel 2: 1 0 2 1 3 4 0 2 6 0 3 1 4 7 0 5 0 3 2 0 1 0 2 1 0 2
wheel 3: 3 0 1 3 2 5 0 2 1 6 0 3 1 0 1 0 2 4 7 3 0 0 1 3 0 1

Symbol distribution:
Code:
  |  1  2  3
--+----------
0 |  2  8  8
1 | 10  5  6
2 |  4  5  3
3 |  5  3  5
4 |  2  2  1
5 |  1  1  1
6 |  1  1  1
7 |  1  1  1

Payouts:
Code:
7 7 7   500
6 6 6   250
5 5 5   150
4 4 4   100
6 5 4    80
3 3 3    80
3 3 .    50
2 2 2    50
2 2 .    40
1 1 1    30
1 1 .    15
0 0 0    10
0 0 .     5
0 . .     2

Calculation:
Code:
>>> (500 + 250 + 150 + 100*4 + 80 + 80*5*3*5 + 50*5*3*(26-5) + 50*4*5*3 + 40*4*5*(26-3) +
     30*10*5*6 + 15*10*5*(26-6) + 10*2*8*8 + 5*2*8*(26-8) + 2*2*(26-8)*26) / 26.0 / 26 / 26
4.1603322712790165

It turns out that if the 40 payout was the only winning combination, we would still win with a 104% payout:

Code:
>>> 40*4*5*(26-3) / 26.0 / 26 / 26
1.0468821119708696

Funny right?  A person should not get in the gambling game unless they understand statistics.

Title: Re: New Bitcoinica Alternative
Post by: DannyM on February 10, 2012, 10:06:11 PM
Quote from: wobber on February 10, 2012, 09:47:02 PM
I like the Bitcoinica-like look. How is this made?

http://twitter.github.com/bootstrap/ (http://twitter.github.com/bootstrap/)

Title: Re: New Bitcoinica Alternative
Post by: dooglus on February 10, 2012, 10:54:55 PM
Quote from: dropoutbox on February 10, 2012, 10:00:02 PM
Funny right?  A person should not get in the gambling game unless they understand statistics.

Maybe the plan was to put up a 'play money' game with a 400% payout then adjust the odds when it went live.

Title: Re: New Bitcoinica Alternative
Post by: stochastic on February 11, 2012, 07:23:55 AM
Quote from: dooglus on February 10, 2012, 10:54:55 PM
Quote from: dropoutbox on February 10, 2012, 10:00:02 PM
Funny right?  A person should not get in the gambling game unless they understand statistics.

Maybe the plan was to put up a 'play money' game with a 400% payout then adjust the odds when it went live.

That would be devious, but since the site has been in beta for months I assume they did not know how to do the slots right.  My biggest concern for sites that are associated with bitcoin is security, which is why my potential sites are still on the drawing board.

Title: Re: New Bitcoinica Alternative
Post by: Koekiemonster on February 11, 2012, 09:55:01 AM
Quote from: dropoutbox on February 11, 2012, 07:23:55 AM
Quote from: dooglus on February 10, 2012, 10:54:55 PM
Quote from: dropoutbox on February 10, 2012, 10:00:02 PM
Funny right?  A person should not get in the gambling game unless they understand statistics.

Maybe the plan was to put up a 'play money' game with a 400% payout then adjust the odds when it went live.

That would be devious, but since the site has been in beta for months I assume they did not know how to do the slots right.  My biggest concern for sites that are associated with bitcoin is security, which is why my potential sites are still on the drawing board.

Isn't it obvious that actually is the case? Why would you think he miscalculated? It's fairly simple to calculate odds and any programmer should be able to do that.
It seems only logical to me to put some random 100%+ payout in beta

Title: Re: New Bitcoinica Alternative
Post by: stochastic on February 11, 2012, 10:07:07 AM
Quote from: Koekiemonster on February 11, 2012, 09:55:01 AM
Quote from: dropoutbox on February 11, 2012, 07:23:55 AM
Quote from: dooglus on February 10, 2012, 10:54:55 PM
Quote from: dropoutbox on February 10, 2012, 10:00:02 PM
Funny right?  A person should not get in the gambling game unless they understand statistics.

Maybe the plan was to put up a 'play money' game with a 400% payout then adjust the odds when it went live.

That would be devious, but since the site has been in beta for months I assume they did not know how to do the slots right.  My biggest concern for sites that are associated with bitcoin is security, which is why my potential sites are still on the drawing board.

Isn't it obvious that actually is the case? Why would you think he miscalculated? It's fairly simple to calculate odds and any programmer should be able to do that.
It seems only logical to me to put some random 100%+ payout in beta

If it is simple for them to calculate then why put some random 100%+ payout in beta?  If they are just going to adjust the odds later when it goes live, then why not just put the live odds in beta?  If it is to trick unsuspecting people that got huge profits with their play money in beta, then they would be called out quickly.  If they are just being lazy then no wonder it is still in beta.

I guess it doesn't matter.  I won't ever play it if it ever goes live.  It is a cool looking slot though.


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