Bitcoin Forum

Economy => Gambling => Topic started by: towtoad on July 20, 2013, 12:10:40 PM



Title: Looking for advices for a slot machine game (btw: I'm nakowa)
Post by: towtoad on July 20, 2013, 12:10:40 PM
It's amazing how satoshidice.com and just-dice.com are revolutionizing online gambling industry.

satoshidice.com just sold out for 12 Million Dollars, and just-dice.com is replacing its leading role.

satoshidice has several advantages that traditional online casinos don't have:

1. no registration
2. proven fairness
3. bitcoin itself as clips

with the same mechanism of proven fairness, just-dice.com goes further:

1. registration needed, at the same time keeps players anonymity.
2. instant feedback (no need to wait for transaction confirmed)
3. clips enabled, but tied to deposited bitcoin directly.

of course, the most revolutionary feature just-dice.com has is that it allows users deposit as investors, share the profit of house edge with the site.

However, one flaw of satoshidice style blew just-dice.com out (at least temporarily): Nakowa (nickname also used as cici, celeste, that is, me) won more than 3k bitcoins within 3 days. (here's the data of my bet history: https://just-dice.com/whale.zip)

What is the flaw? No max and min bet size set. In any tradition casino, max and min best sizes are all set, for example, min: 1, max: 5. In this way, the house controls the variance of outcome in a range. I never won from satoshidice.com that large amount of bitcoin, but did from just-dice.com, because it's just feedback instantly, and less tedious to place bets.

You have a large bankroll, and you bet alternatively with a very small bet size (0.01) as a test, and looking for pattern of (wlwlwlwl) (50% chance of win should be set), then bet large after a small bet loses. It's just looks like a gambler's fallacy, but it's a very simple, effective and safe way to create much larger variance. As long as your bankroll is large enough, and you "big" bet size is relatively small so that you feel comfortable, you can easily win a very large amount. If you could possibly stop after a large positive variance created, you win.

(Warning: DON'T think you can easily understand what stated above, and you can win on just-dice.com. To win, you'd better have the ability to control your emotions, and at the same time some positive luck.)

From the investors point of view, just-dice.com might well be profitable, but two factors need to be considered:
1. As the profit of the house goes up, more investors will be attracted, the percentage of an investor supplies to the house shrinks. Although the wagered may well go up a lot, the expected return of profit for an investor is less than fixed.
2. the investors can't enjoy a multiplied profit from the rise of share price as do satoshidice.com share holders (some of them enjoyed a 32-fold profit!).

Is there any way to create a better online casino than satoshidice.com and just-dice.com?

I myself is designing a slot machine game, would you give me some advices?

 


Title: Re: Looking for advices for a slot machine game (btw: I'm nakowa)
Post by: HollowIP on July 20, 2013, 12:23:51 PM
Another 'brag' thread? Oh joy.

22 lines of irrelevance, 1 line on thread topic. GG


Title: Re: Looking for advices for a slot machine game (btw: I'm nakowa)
Post by: luke.watson on July 20, 2013, 12:27:43 PM
--


Title: Re: Looking for advices for a slot machine game (btw: I'm nakowa)
Post by: towtoad on July 20, 2013, 12:28:23 PM
Another 'brag' thread? Oh joy.

22 lines of irrelevance, 1 line on thread topic. GG

I haven't updated enough. :)


Title: Re: Looking for advices for a slot machine game (btw: I'm nakowa)
Post by: juhakall on July 20, 2013, 12:29:58 PM
What is the flaw? No max and min bet size set.

Max profit is currently 246.33 BTC


Title: Re: Looking for advices for a slot machine game (btw: I'm nakowa)
Post by: Rannasha on July 20, 2013, 12:30:20 PM
You have a large bankroll, and you bet alternatively with a very small bet size (0.01) as a test, and looking for pattern of (wlwlwlwl) (50% chance of win should be set), then bet large after a small bet loses. It's just looks like a gambler's fallacy, but it's a very simple, effective and safe way to create much larger variance.

This is the very definition of gambler's fallacy, to believe that the previous rolls affect the next one. "Test bets" are pointless. In the Just-Dice thread someone performed a statistical analysis on your (if you are nakowa/celeste/etc, no proof was given) bets and while the set of bets was overall more wins than losses, it was well within reasonable limits around the mean (less than 2 standard deviations).

Someone with a big enough bankroll (compared to bet-size) to survive loss streaks has an extremely high chance to hit a winning streak given enough time. And that's simply what happened.


Title: Re: Looking for advices for a slot machine game (btw: I'm nakowa)
Post by: 001sonkit on July 20, 2013, 12:33:47 PM
http://www.777coin.com/suits7.php
https://bitzino.com/slots

here you go bro, enjoy, they are both provably fair. Dont forget to check back JD and toss a few coins there ><


Title: Re: Looking for advices for a slot machine game (btw: I'm nakowa)
Post by: luke.watson on July 20, 2013, 01:14:40 PM
My slot game : http://cdkey-hut.com/casino.php?page=slots/freeplay-slots  ;D


Title: Re: Looking for advices for a slot machine game (btw: I'm nakowa)
Post by: bit777 on July 20, 2013, 02:41:50 PM
You should try out our 3-Reelers


Title: Re: Looking for advices for a slot machine game (btw: I'm nakowa)
Post by: Bugpowder on July 20, 2013, 06:18:44 PM
This guy is a gambling genius.

http://i.imgur.com/2Pv4S5p.png


Title: Re: Looking for advices for a slot machine game (btw: I'm nakowa)
Post by: Bugpowder on July 20, 2013, 06:20:06 PM

2. the investors can't enjoy a multiplied profit from the rise of share price as do satoshidice.com share holders (some of them enjoyed a 32-fold profit!).
 

Cheapest IPO shares were .0032, highest sale was .0075.



Title: Re: Looking for advices for a slot machine game (btw: I'm nakowa)
Post by: Boelens on July 20, 2013, 09:17:32 PM
This guy is a gambling genius.

http://i.imgur.com/2Pv4S5p.png


He went from 0 to 5000 BTC? How the hell?


Title: Re: Looking for advices for a slot machine game (btw: I'm nakowa)
Post by: Frogcoin on July 21, 2013, 02:54:26 AM
Probably something like 3000btc to 8000btc, but yes.


Title: Re: Looking for advices for a slot machine game (btw: I'm nakowa)
Post by: bernard75 on September 25, 2013, 07:21:09 PM
Looks like there is something to it. :D


Title: Re: Looking for advices for a slot machine game (btw: I'm nakowa)
Post by: addi on September 25, 2013, 08:54:57 PM
something like satoshibet.com/lucky7 (http://satoshibet.com/lucky7) ? 99.6% return to player


Title: Re: Looking for advices for a slot machine game (btw: I'm nakowa)
Post by: bernard75 on September 25, 2013, 08:59:19 PM
He just made 11000BTC in a few days on Just-Dice.com
And he aint stopping.


Title: Re: Looking for advices for a slot machine game (btw: I'm nakowa)
Post by: ingrownpocket on September 25, 2013, 09:04:39 PM
Looks like there is something to it. :D
http://i.imgur.com/DvDyshs.jpg


Title: Re: Looking for advices for a slot machine game (btw: I'm nakowa)
Post by: GigaDice on September 25, 2013, 09:08:18 PM
Your English has improved tremendously, congratulations.