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Title: [ANN] CryptoBets.co Coin Flip Post by: williamj2543 on April 29, 2014, 06:04:57 PM Hello,
I am proud to announce my website that I have just completed its first game, and it is a simple coin flip. Play Today! http://www.cryptobets.co/coinflip (http://www.cryptobets.co/coinflip) What is CryptoBets? CryptoBets is a bitcoin gambling website where profits are made not from altering the probabilities, but we take it from winnings. Example: Person A bets 1 BTC, he loses (rolling a 48), and it is a fair game because it is 50/50, and not a house edge Person B bets 100 BTC, and he wins (rolling a 50), and 2.5% is taken away from this. He is still very happy, because he had won 97.5 BTC, and he had a 50/50 chance, and he rolled a 50. If there was a house edge, the probability would be less than 50, and he would have lost that bet. To put it simply, you have a better chance of winning, but you will have a percent of that taken away, meaning overall you will win MORE. Your bets are returned automatically within about 1 minute from it receiving only 1 confirmation. All bets are public shown on the blockchain (anyone can check), and all numbers rolled, and all actions performed by my script are done here http://cryptobets.co/log.txt (http://cryptobets.co/log.txt) This is the first of many games I will launch in the near future, and I would appreciate it if I could get some feedback, and any bug reports. Please post them in this topic, as the public will be able to see this, and I want this to be as transparent as possible. As an added bonus, if you refer someone (and you prove it), I will give BOTH of you 5% of each of your winnings, just please state both of your addresses. PROMOTION IS STILL GOING, BUT BET MUST BE OVER 0.005, THE PROMOTION IS STILL 0.001 The bet address is listed on the site. The address is 1Coin52KHgdBbm7C9DP8eqY1qFFJfdWe8o if you are too lazy to look at my website. Title: Re: [ANN] CryptoBets.co Coin Flip Post by: williamj2543 on April 30, 2014, 02:08:50 AM First 3 bets have been made! Their address is 16MtvTUvqwwKwV87nayxPLHTJJZNGPa9qw.
Title: Re: [ANN] CryptoBets.co Coin Flip Post by: williamj2543 on April 30, 2014, 02:56:28 PM There is a total of 3 bets, and 0.0158 BTC has been paid out. Its working perfectly so far.
Title: Re: [ANN] CryptoBets.co Coin Flip Post by: williamj2543 on May 01, 2014, 02:36:40 AM I have updated some things, and I have received 4 more bets. I am working on a system to make it where as soon as the payment sent, it shows up on the website but says unconfirmed, and as soon as it gets 1 confirm it pays out and shows as confirmed on the website
Title: Re: [ANN] CryptoBets.co Coin Flip Post by: williamj2543 on May 12, 2014, 03:26:15 AM I have created a logging system, and added 2 more layers of security. Website now auto-updates, and confirmation system is pretty much done, just gotta fix some bugs.
Title: Re: [ANN] CryptoBets.co Coin Flip Post by: FFrost on May 13, 2014, 06:37:41 PM Your website stalls in my browser. Is it down?
Title: Re: [ANN] CryptoBets.co Coin Flip Post by: williamj2543 on May 13, 2014, 09:52:39 PM Your website stalls in my browser. Is it down? Hello,I have to fix some bugs, and today I was doing so, but I am having a problem with the https certificate, so https currently does not work right now. Please use just http, or just directly go to it using cryptobets.co/coingame.php Thanks! Please do not bet yet, I am not done fixing the script and your bet might not be processed correctly. Title: Re: [ANN] CryptoBets.co Coin Flip Post by: Crossbow376 on May 13, 2014, 09:52:56 PM CryptoBets is a bitcoin gambling website where profits are made not from altering the probabilities, but we take it from winnings. Example: Person A bets 1 BTC, he loses (rolling a 48), and it is a fair game because it is 50/50, and not a house edge Person B bets 100 BTC, and he wins (rolling a 50), and 2.5% is taken away from this. He is still very happy, because he had won 97.5 BTC, and he had a 50/50 chance, and he rolled a 50. If there was a house edge, the probability would be less than 50, and he would have lost that bet. In fact, there is nothing special about it. I can play on any other dice sites out there with "win chance" set at 50%. Title: Re: [ANN] CryptoBets.co Coin Flip Post by: williamj2543 on May 13, 2014, 11:16:30 PM CryptoBets is a bitcoin gambling website where profits are made not from altering the probabilities, but we take it from winnings. Example: Person A bets 1 BTC, he loses (rolling a 48), and it is a fair game because it is 50/50, and not a house edge Person B bets 100 BTC, and he wins (rolling a 50), and 2.5% is taken away from this. He is still very happy, because he had won 97.5 BTC, and he had a 50/50 chance, and he rolled a 50. If there was a house edge, the probability would be less than 50, and he would have lost that bet. In fact, there is nothing special about it. I can play on any other dice sites out there with "win chance" set at 50%. They still have a house edge. Casinos tell you that it is a normal dice roll, but they know and you know that obviously it is rigged to make more money, and have the casino have a larger chance of winning. Title: Re: [ANN] CryptoBets.co Coin Flip Post by: williamj2543 on May 14, 2014, 03:30:16 PM Hey,
I have successfully fixed the script (got out all the bugs), and tested it multiple times to make sure it fully works, and have introduced new features, like an auto-updating table on the website saying if your bet is confirmed, unconfirmed, or sent back. Also, I've added a layer of security and strengthened them all. Website is also perfect. I think I am done programming the coin flip section, and I will start work on a new section as soon as I get some feedback on the coin flip and make sure it works 100%. Current promotion 0.001 BTC for every bet made. Title: Re: [ANN] CryptoBets.co Coin Flip Post by: williamj2543 on May 18, 2014, 12:18:07 AM Promotion has been raised to 0.002 BTC per bet, as no one has betted yet. Please bet, I would like to see some feedback.
Title: Re: [ANN] CryptoBets.co Coin Flip Post by: williamj2543 on May 23, 2014, 06:14:19 PM Reward has increased to 0.003 BTC because of no interest shown. I would really appreciate any size of bet, because I want to see it work on people that aren't myself. I will refund any lost money because of any bugs or vulnerabilities.
Title: Re: [ANN] CryptoBets.co Coin Flip Post by: mdzedzej on May 23, 2014, 08:53:10 PM total shit site man sucks so bad lol
Title: Re: [ANN] CryptoBets.co Coin Flip Post by: williamj2543 on May 24, 2014, 12:11:21 AM I have received 4 bets, 2 from 1MikeMZcaChUg4We2Mn2g3HZEVdG7KB8GD and 2 from 1SamNZsRh1CqFxR9JyqF6EsQ8iv3QgrRT. If you are one of these people please claim your prize.
Title: Re: [ANN] CryptoBets.co Coin Flip Post by: williamj2543 on May 24, 2014, 12:13:11 AM total shit site man sucks so bad lol How does it suck? Please give feedback so I can make it better. I actually feel that the site is great compared to the other gambling sites, it is clean and has just enough information in my opinion.Title: Re: [ANN] CryptoBets.co Coin Flip Post by: W-M on May 24, 2014, 12:42:05 AM So if I understand this concept correctly, instead of saying:
"You have 49% chance to win 2x your original bet" you say: "You have 50% chance to win 1.98x your original bet" Which results in exactly the same overall. Is this explanation correct? Title: Re: [ANN] CryptoBets.co Coin Flip Post by: williamj2543 on May 24, 2014, 01:32:17 AM So if I understand this concept correctly, instead of saying: If you are betting large amounts of money, you would rather have a slightly bigger chance of winning, and a slightly smaller prize, than having a bigger chance of losing. In fact, I think other gambling sites take a house edge AND a winning fee."You have 49% chance to win 2x your original bet" you say: "You have 50% chance to win 1.98x your original bet" Which results in exactly the same overall. Is this explanation correct? Title: Re: [ANN] CryptoBets.co Coin Flip Post by: W-M on May 24, 2014, 08:27:40 AM It really depends on the type of game. As for rather having a slightly larger chance than gaining more money per win: I think that it is harder to feel that 1/100 bets has a different outcome, than it is to see that you are not doubling your money each time you win.
What I do know for sure, is that on SatoshiCarnival, we have a 49% chance of you winning on one of our bet propositions, but the payout is 2.031x your bet. This means we have a ridiculously house edge of 0.481%. But of course, this is a personal preference. Anyway, your statement in your original post that 'Overrall you win more' is bogus. You'll win exactly the same as any other betting game, the house edge is just calculated a little bit differently. In your case, you have an house edge of about 1%. Title: Re: [ANN] CryptoBets.co Coin Flip Post by: williamj2543 on May 24, 2014, 03:15:44 PM It really depends on the type of game. As for rather having a slightly larger chance than gaining more money per win: I think that it is harder to feel that 1/100 bets has a different outcome, than it is to see that you are not doubling your money each time you win. Its a matter of preference for this system I guess. I personally would rather have a slightly bigger chance of winning, cause you dont really care if you take a bit off your win amount if you have a bigger chance of winning.What I do know for sure, is that on SatoshiCarnival, we have a 49% chance of you winning on one of our bet propositions, but the payout is 2.031x your bet. This means we have a ridiculously house edge of 0.481%. But of course, this is a personal preference. Anyway, your statement in your original post that 'Overrall you win more' is bogus. You'll win exactly the same as any other betting game, the house edge is just calculated a little bit differently. In your case, you have an house edge of about 1%. Title: Re: [ANN] CryptoBets.co Coin Flip Post by: FundsMoney on May 24, 2014, 11:03:59 PM Placed a maxbet some mins ago, but its still 'unconfirmed' , although many blocks have been found in the blockchain.
When will I find out the result? EDIT: Heh, lost... Oh well.. Title: Re: [ANN] CryptoBets.co Coin Flip Post by: williamj2543 on May 25, 2014, 05:56:27 PM Placed a maxbet some mins ago, but its still 'unconfirmed' , although many blocks have been found in the blockchain. Hi, sorry you lost. I will send back your bonus when I get back home. The confirming service is a bit delayed some times, but it should say confirmed before 2 confirmationsWhen will I find out the result? EDIT: Heh, lost... Oh well.. Title: Re: [ANN] CryptoBets.co Coin Flip Post by: williamj2543 on May 25, 2014, 06:16:45 PM Placed a maxbet some mins ago, but its still 'unconfirmed' , although many blocks have been found in the blockchain. Also you know instantly if you have won or lost.When will I find out the result? EDIT: Heh, lost... Oh well.. Title: Re: [ANN] CryptoBets.co Coin Flip Post by: mdzedzej on May 25, 2014, 07:11:57 PM My coin flip has alot more options and you can choose what to bet on yours is just send me money and hope you get 2x back.... lol still sucks.
Title: Re: [ANN] CryptoBets.co Coin Flip Post by: sootedtho on May 25, 2014, 07:50:49 PM i agree this site is terrible, basically you have no control and it is definately a gamble but in no way a fun game more similar to a ponzi than anything.
Title: Re: [ANN] CryptoBets.co Coin Flip Post by: williamj2543 on May 25, 2014, 08:15:42 PM My coin flip has alot more options and you can choose what to bet on yours is just send me money and hope you get 2x back.... lol still sucks. It is supposed to be a very simple and transparent coin flip game, with a simple site that is easy to use. I will be adding more features in the future, and I have proved I pay people back. It is supposed to be based on the public blockchain to provide the most transparent way of seeing bets, while most other sites you have to trust the operator to pay out. You know instantly with my site if you don't pay out.Title: Re: [ANN] CryptoBets.co Coin Flip Post by: mdzedzej on May 26, 2014, 01:07:15 AM He plans to open a ponzi on his site too lol screenshotted it
Title: Re: [ANN] CryptoBets.co Coin Flip Post by: williamj2543 on May 26, 2014, 01:16:48 AM He plans to open a ponzi on his site too lol screenshotted it Hello, I would like this thread to be free of flaming, but please stop pointing out things about my website, you own your own gambling website and I guarantee you are just trying to steal some of the (few) visitors from my site. I know a lot of trustworthy ponzi game owners, and I know the definition of ponzi is a scam, but a ponzi can also be a fun gambling game, which has nothing wrong about it. My planned games are publicly available on my site, just check the navbar and you can see a lottery, dice roll, ponzi, and a communitybet idea that I have thought of and started developing,Title: Re: [ANN] CryptoBets.co Coin Flip Post by: williamj2543 on May 29, 2014, 12:43:57 PM I am starting work on a game ID searching system, so you can either search with your game ID, or your transaction ID.
Title: Re: [ANN] CryptoBets.co Coin Flip Post by: Nobitcoin on May 29, 2014, 07:05:35 PM Is the 0.003 bonus still running?
Title: Re: [ANN] CryptoBets.co Coin Flip Post by: mdzedzej on May 29, 2014, 07:10:36 PM He plans to open a ponzi on his site too lol screenshotted it Hello, I would like this thread to be free of flaming, but please stop pointing out things about my website, you own your own gambling website and I guarantee you are just trying to steal some of the (few) visitors from my site. I know a lot of trustworthy ponzi game owners, and I know the definition of ponzi is a scam, but a ponzi can also be a fun gambling game, which has nothing wrong about it. My planned games are publicly available on my site, just check the navbar and you can see a lottery, dice roll, ponzi, and a communitybet idea that I have thought of and started developing,My gambling site is still in progress and mostly a private community, we dont need your users. if you want this to be flame free you can remove all your garbage posts on my threads and i will do the same, simple as that Title: Re: [ANN] CryptoBets.co Coin Flip Post by: williamj2543 on May 29, 2014, 10:23:39 PM Is the 0.003 bonus still running? Yes it is still runningTitle: Re: [ANN] CryptoBets.co Coin Flip Post by: williamj2543 on June 02, 2014, 12:01:16 AM Just a little check, is there anyone who has an unclaimed reward?
Title: Re: [ANN] CryptoBets.co Coin Flip Post by: williamj2543 on June 02, 2014, 03:57:59 PM The reward will end some day, so you should cash in your rewards now. I am also offering a larger amount for signatures
Title: Re: [ANN] CryptoBets.co Coin Flip Post by: williamj2543 on June 06, 2014, 03:40:28 PM Someone new has bet with the address of 16KbAhUw3Ub5PuUcLQFCXBqbGxLfgx1UnF. The have won. If you are the owner of this address please post here to claim your prize
Title: Re: [ANN] CryptoBets.co Coin Flip Post by: mdzedzej on June 06, 2014, 03:53:18 PM not provably fair, at all.... warning to anyone who uses this site had a big lol but if you use it you better pray your lucky cause ultimately its williamj2543 who decides if you win or lose :P
Title: Re: [ANN] CryptoBets.co Coin Flip Post by: williamj2543 on June 06, 2014, 03:56:38 PM not provably fair, at all.... warning to anyone who uses this site had a big lol but if you use it you better pray your lucky cause ultimately its williamj2543 who decides if you win or lose :P Hi, are you mike. I see your bets, and I am using php's rand() function to generate these numbers. I see that you lost like 5 times in a row, I will gladly refund your money, and will work on this system. Here is the log for your bets, I have to go to lunch but I will fix the random system later. I guarantee that I have not modified this system in any way.Code: Time: 06/06/2014 11:42:22Action: Game ID has been determined. ID is 49 Title: Re: [ANN] CryptoBets.co Coin Flip Post by: williamj2543 on June 06, 2014, 03:58:24 PM I think I will try to use another method for generating random numbers. I have to look into that. I cant have these losing or winning streaks, it has to be COMPLETELY random, even though losing 5 times in a row is still possible, albeit unlucky.
Title: Re: [ANN] CryptoBets.co Coin Flip Post by: mdzedzej on June 06, 2014, 04:01:20 PM good then refund it ;D and while your at it MAKE YOUR SITE PROVABLY FAIR
I am not in the business of trying to ruin sites, however sites who cannot comply with the community expectations will ultimately fail. you have acted childish towards me before and bashed on my site, which is alot more complex than yours, and there was no reason for it, now once you make your site provably fair, and maybe add an option for betting on heads or tails, can be the same system you have now, just two addresses, then it will be fine. BUT IT MUST BE PROVABLY FAIR if you need help with that there are alot of members who can help you implement this Title: Re: [ANN] CryptoBets.co Coin Flip Post by: mdzedzej on June 06, 2014, 04:16:27 PM CURRENT PROMOTION FOR EARLY USERS: 0.001 BTC FOR EVERY BET MADE Plus i believe you owe me 0.001 per bet i made ;D Title: Re: [ANN] CryptoBets.co Coin Flip Post by: williamj2543 on June 17, 2014, 02:41:40 PM The coin flip game has been changed from cryptobets.co/coingame.php to cryptobets.co/coinflip. I am working on the provably fair numbers as we speak. Anyone have tips?
Title: Re: [ANN] CryptoBets.co Coin Flip Post by: williamj2543 on June 27, 2014, 02:10:18 AM I'm almost done implementing the provably fair number system, please don't bet, as your bet may be lost. I am also developing a signature system, where users can earn money placing a link to my website in their signature, and paid depending on their activity and post amount. I will probably put that system in place when more games are developed, and the website is almost finished.
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