Bitcoin Forum

Economy => Marketplace => Topic started by: Alex Beckenham on April 25, 2011, 09:30:58 PM



Title: Bitcoin Toss - Flip a coin and win double your entry!
Post by: Alex Beckenham on April 25, 2011, 09:30:58 PM
My latest site... please check it out... http://bitcointoss.com

http://bitcointoss.com/images/bitcointoss_banner.gif (http://bitcointoss.com)

Once you make a payment, you can play almost immediately on 0/unconfirmed, then only if you win do you need to wait for the full confirmation before receiving your payout.

Refer and get 1% of your referral's bets.

p.s. I had this site in mind when I did up the 'carrot coin' a couple of days ago... it's the 'losing' side of a bitcoin.


Title: Re: Bitcoin Toss - Flip a coin and win double your entry!
Post by: FreeMoney on April 25, 2011, 09:57:07 PM
Very nice doood


Title: Re: Bitcoin Toss - Flip a coin and win double your entry!
Post by: Insuremeplz on April 25, 2011, 10:47:09 PM
Ah I was going to ask if it was weighted in the house's favor, but it is... ever so slightly. I'll probably do some martingaleing later to check it out ;)


Title: Re: Bitcoin Toss - Flip a coin and win double your entry!
Post by: Insuremeplz on April 25, 2011, 10:48:37 PM
If you're taking a 1% edge, but paying that edge out to referrers, how do referrals benefit you?

Edit: I'm dumb and it's a 2% edge. Still cool.


Title: Re: Bitcoin Toss - Flip a coin and win double your entry!
Post by: sat0pi on April 25, 2011, 11:28:58 PM
Lost 10 times in a row. That's not very likely, so I'm not sure how fair this is.


Title: Re: Bitcoin Toss - Flip a coin and win double your entry!
Post by: FreeMoney on April 25, 2011, 11:32:17 PM
Lost 10 times in a row. That's not very likely, so I'm not sure how fair this is.

That's not good. I'm 3 losses for 3 tries. Have you won at all?


Title: Re: Bitcoin Toss - Flip a coin and win double your entry!
Post by: sat0pi on April 25, 2011, 11:33:16 PM
Nope, never won once but I'm not trying anymore. Lost 250 BTC lol


Title: Re: Bitcoin Toss - Flip a coin and win double your entry!
Post by: FreeMoney on April 25, 2011, 11:35:11 PM
Nope, never won once but I'm not trying anymore. Lost 250 BTC lol

Damn.


Title: Re: Bitcoin Toss - Flip a coin and win double your entry!
Post by: sat0pi on April 25, 2011, 11:36:27 PM
Ugh, that was dumb of me. :(


Title: Re: Bitcoin Toss - Flip a coin and win double your entry!
Post by: FreeMoney on April 25, 2011, 11:38:12 PM
I won on my fifth game. So it isn't 0% at least.


Title: Re: Bitcoin Toss - Flip a coin and win double your entry!
Post by: sat0pi on April 25, 2011, 11:39:49 PM
Must just have been bad luck then I guess. Hooray for wasting all my bitcoins.


Title: Re: Bitcoin Toss - Flip a coin and win double your entry!
Post by: sat0pi on April 25, 2011, 11:51:05 PM
One last game on my final 0.01 BTC... Whoops, lost. Surely this must be much lower than a 48-49% chance to win.


Title: Re: Bitcoin Toss - Flip a coin and win double your entry!
Post by: randomguy7 on April 25, 2011, 11:56:26 PM
0.40^11 0.49^11 (edit: corrected the typo) = about 0.039% chance to lose 11 times in a row.
Did you try to set the doubled amount on every bet?


Title: Re: Bitcoin Toss - Flip a coin and win double your entry!
Post by: sat0pi on April 25, 2011, 11:57:28 PM
Nope, just random values each time. I messed up because I accidentally bet 150 instead of 15 my first try and stupidly try to win some back. :/


Title: Re: Bitcoin Toss - Flip a coin and win double your entry!
Post by: randomguy7 on April 26, 2011, 12:20:52 AM
I also lost lots of times in a row at an other flip-a-coin like game (http://bitcointalk.org/index.php?topic=3862.0), it could even be the some guy with a new forum account (just a thougt of me, don't take this as a fact). Personally, I'm done with gambling at sites which don't give me PROVE that they don't rip me off.

Btw, my calculation was wrong, the chance is 0.51^11 = about 0.06%


Title: Re: Bitcoin Toss - Flip a coin and win double your entry!
Post by: on April 26, 2011, 12:53:24 AM
Lol, gambling. The odds are always in the house's favor.

The psychology is really well known too, and is demonstrated in this thread. I'll just have one more try. I'm going to win sooner or later. And that person won, so it is possible!

But even if you win 48% of the time, that's still less than half, so the more you play, the more you are likely to loose.

Learn poker and go and play that. At least, if you are good, you have more than a 50% chance of winning.


Title: Re: Bitcoin Toss - Flip a coin and win double your entry!
Post by: Beremat on April 26, 2011, 12:56:04 AM
Just bet 1BTC, and won :)


Title: Re: Bitcoin Toss - Flip a coin and win double your entry!
Post by: Alex Beckenham on April 26, 2011, 01:59:40 AM
Lost 250 BTC lol

Ugh, that was dumb of me. :(

Woah there, slow down!

If noone else 'claims' such a loss, I'll send you back 240...

GAMBLE RESPONSIBLY!

For what it's worth, the site uses random.org to get a number between 1 and 100 inclusive:

Code:
$ch = curl_init('http://www.random.org/integers/?num=1&min=1&max=100&col=1&base=10&format=plain&rnd=new');
curl_setopt ($ch, CURLOPT_RETURNTRANSFER, 1) ;
$randnum = trim(curl_exec($ch));

if ($randnum>51) {
add_to_log('Player WINS');
$result='bitcoin';
} else {
add_to_log('Player LOSES');
$result='carrot';
}

Anyway thanks for playing... it was a royal pain getting it all to work.


Title: Re: Bitcoin Toss - Flip a coin and win double your entry!
Post by: Alex Beckenham on April 26, 2011, 02:25:26 AM
Lost 10 times in a row. That's not very likely, so I'm not sure how fair this is.

Were you ID 2?

That user looks like it's just hit refresh over and over again instead of starting each game from the start, which surely doesn't count as 10 losses in a row.


Title: Re: Bitcoin Toss - Flip a coin and win double your entry!
Post by: bitlotto on April 26, 2011, 02:39:34 AM
Personally, I'm done with gambling at sites which don't give me PROVE that they don't rip me off.


Must mean you entered BitLotto then?  LOL. ;)
(It's pretty much impossible for me to fake anything.)


Title: Re: Bitcoin Toss - Flip a coin and win double your entry!
Post by: FreeMoney on April 26, 2011, 02:59:17 AM
Lost 10 times in a row. That's not very likely, so I'm not sure how fair this is.

Were you ID 2?

That user looks like it's just hit refresh over and over again instead of starting each game from the start.


Wait, does that somehow let you play with the same result over and over?


Title: Re: Bitcoin Toss - Flip a coin and win double your entry!
Post by: Alex Beckenham on April 26, 2011, 03:07:04 AM
Lost 10 times in a row. That's not very likely, so I'm not sure how fair this is.

Were you ID 2?

That user looks like it's just hit refresh over and over again instead of starting each game from the start.


Wait, does that somehow let you play with the same result over and over?

No, it doesn't... refreshing is pointless... I can however see it in the logs.
It's the only thing I can see that even remotely looks like 10 losses in a row.


Title: Re: Bitcoin Toss - Flip a coin and win double your entry!
Post by: FreeMoney on April 26, 2011, 03:10:35 AM
Lost 10 times in a row. That's not very likely, so I'm not sure how fair this is.

Were you ID 2?

That user looks like it's just hit refresh over and over again instead of starting each game from the start.


Wait, does that somehow let you play with the same result over and over?

No, it doesn't... refreshing is pointless... I can however see it in the logs.
It's the only thing I can see that even remotely looks like 10 losses in a row.

Ah, of course he could have gone out for a smoke and someone else played a few in between.


Title: Re: Bitcoin Toss - Flip a coin and win double your entry!
Post by: FreeMoney on April 26, 2011, 03:12:05 AM
Repaying losses seems extremely generous to me, but you should make sure you don't give others the idea that they can freeroll you.


Title: Re: Bitcoin Toss - Flip a coin and win double your entry!
Post by: bitlotto on April 26, 2011, 03:58:13 AM


...I'll send you back 240...



There are few like you doood!! My respect for you went way up!  ;D


Title: Re: Bitcoin Toss - Flip a coin and win double your entry!
Post by: Alex Beckenham on April 26, 2011, 04:05:01 AM
Thanks for the kind words.

There will absolutely be no other refunds from this point.

sat0pi: send me a new address if you like.


Title: Re: Bitcoin Toss - Flip a coin and win double your entry!
Post by: sat0pi on April 26, 2011, 05:50:27 AM
doood, that's very generous of you... I can assure you I did in fact lose 11 times in a row though, I can send you a screenshot of my client if you want. :P

I was wondering if it was because I was using the same address every time and it was counting as the same session or something, but I didn't try a different address to see if that mattered... I am not sure what my id was. If you aren't seeing anything else other than that as 10 losses in a row though, that must be me.

14GjvZk1GqqAjKQNaJdur3jL2PzjdH3crf is a new address if you feel like being so kind as to refund me. I understand if you do not want to, though... it is your business after all. Just seemed strange that I would lose that many times in a row which is a sub 1% chance. Surely I can't be that "lucky", but who knows. :P

On a side note, the site is done really well... would love to see the source code.  ;D

Thanks,
sat0pi


Title: Re: Bitcoin Toss - Flip a coin and win double your entry!
Post by: Alex Beckenham on April 26, 2011, 05:59:49 AM
240 sent...

Deposit addresses are definitely for one-time use. You should be getting a new one each time you play.

I'll write a warning about that on the site...


Title: Re: Bitcoin Toss - Flip a coin and win double your entry!
Post by: sat0pi on April 26, 2011, 06:06:39 AM
240 sent...

Deposit addresses are definitely for one-time use. You should be getting a new one each time you play.

I'll write a warning about that on the site...

Awesome. Very respectable, doood... thanks so much! Not seeing the 240 in my client yet, but I'm sure it will appear soon enough. I'll let you know when I receive it just to confirm. Will definitely try out your site again more responsibly (and correctly) later on.

Thanks,
sat0pi


Title: Re: Bitcoin Toss - Flip a coin and win double your entry!
Post by: Alex Beckenham on April 26, 2011, 06:22:40 AM
Not seeing the 240 in my client yet

The payment is showing in my client as 0/offline? -240.00

It'll get to you eventually.


Title: Re: Bitcoin Toss - Flip a coin and win double your entry!
Post by: sat0pi on April 26, 2011, 06:30:55 AM
The payment is showing in my client as 0/offline? -240.00

It'll get to you eventually.

That's strange... Wonder if that is a problem on my end or yours. I do have an abnormally low number of connections at the moment (only 8, I usually have like 30+). Ah well, it'll make it through as you say. Never seen that message before though. Anyone more knowledgeable than I care to share what it means?

EDIT: Never mind... Did some Googling and figured out what it was. I think it's an issue on your end doood, but it should resolve itself eventually.

EDIT 2: Showing in my client as 0/unconfirmed... All should be well. Thanks again doood. bitcoin = best community ever.


Title: Re: Bitcoin Toss - Flip a coin and win double your entry!
Post by: Alex Beckenham on April 26, 2011, 07:12:04 AM
The payment is showing in my client as 0/offline? -240.00

It'll get to you eventually.

That's strange... Wonder if that is a problem on my end or yours. I do have an abnormally low number of connections at the moment (only 8, I usually have like 30+). Ah well, it'll make it through as you say. Never seen that message before though. Anyone more knowledgeable than I care to share what it means?

EDIT: Never mind... Did some Googling and figured out what it was. I think it's an issue on your end doood, but it should resolve itself eventually.

EDIT 2: Showing in my client as 0/unconfirmed... All should be well. Thanks again doood. bitcoin = best community ever.

Yeah straight after my last post, I restarted my client and it was then listed as 0/unconfirmed... so I guess the 'offline' error was on my end.


Title: Re: Bitcoin Toss - Flip a coin and win double your entry!
Post by: Alex Beckenham on April 26, 2011, 07:20:24 AM
...another flip-a-coin like game (http://bitcointalk.org/index.php?topic=3862.0), it could even be the some guy with a new forum account...

I don't own that one by the way. The reason I decided it'd be worth copying the concept is that I don't like the way they make you wait a million years between paying and playing. I prefer the long wait to be on the other end of the game.


Title: Re: Bitcoin Toss - Flip a coin and win double your entry!
Post by: randomguy7 on April 26, 2011, 11:38:45 AM
Thats basically a good idea, but I think it's possible to cheat:
As far as I know, it's possible (with some effort) to undo the spendings with 0 confirmations (I forgot about the name of that attack and how it's done in detail). You delay the payout of winnings but people could still cheat you by undoing the payments for the games they lost.


Title: Re: Bitcoin Toss - Flip a coin and win double your entry!
Post by: Alex Beckenham on April 26, 2011, 11:48:08 AM
Thats basically a good idea, but I think it's possible to cheat:
As far as I know, it's possible (with some effort) to undo the spendings with 0 confirmations (I forgot about the name of that attack and how it's done in detail). You delay the payout of winnings but people could still cheat you by undoing the payments for the games they lost.

I'd be interested to hear about that type of attack. I think even mybitcoin.com 'accepts' payments on 0/unconfirmed and sends postback data to merchants immediately.


Title: Re: Bitcoin Toss - Flip a coin and win double your entry!
Post by: randomguy7 on April 26, 2011, 12:13:46 PM
I don't find the source (I read about it somewhere here in the forum) but I think it works like this:
The attacker has to mine for a valid block for this. When he found one, he must not yet submit it to the network. He sends you the coins and plays on your site. When he won, he's fine, no need to perform the attack (wouldn't be possible as you delay the payouts). When he lost, he's using the block he already found and adds a transaction to it to send the coins you currently 'have' with 0 confirmations to another address (one controlled by the attacker). He then submits the block to the net. Your coins are gone.

This of course requires that nobody else finds a block while the attack is performed, but there's a very good propability for this to not happen (I assume playing a bet on your site doesn't require much time, maybe not even a minute).


Title: Re: Bitcoin Toss - Flip a coin and win double your entry!
Post by: FreeMoney on April 26, 2011, 02:47:39 PM
I don't find the source (I read about it somewhere here in the forum) but I think it works like this:
The attacker has to mine for a valid block for this. When he found one, he must not yet submit it to the network. He sends you the coins and plays on your site. When he won, he's fine, no need to perform the attack (wouldn't be possible as you delay the payouts). When he lost, he's using the block he already found and adds a transaction to it to send the coins you currently 'have' with 0 confirmations to another address (one controlled by the attacker). He then submits the block to the net. Your coins are gone.

This of course requires that nobody else finds a block while the attack is performed, but there's a very good propability for this to not happen (I assume playing a bet on your site doesn't require much time, maybe not even a minute).

You can't use coins from a generate tx for 120 blocks.


Title: Re: Bitcoin Toss - Flip a coin and win double your entry!
Post by: randomguy7 on April 26, 2011, 03:08:12 PM
You can't use coins from a generate tx for 120 blocks.

I know but thats not necessary, the coins used to play aren't those which are generated by the found block, they're just some coins. The block is only used to undo the transaction used to send coins to the game owner. This works because the bet will be already played before somebody else can calculate the transaction into the blockchain (at least most of the times).

edit: typos removed


Title: Re: Bitcoin Toss - Flip a coin and win double your entry!
Post by: Maged on April 26, 2011, 03:27:29 PM
I don't find the source (I read about it somewhere here in the forum) but I think it works like this:
The attacker has to mine for a valid block for this. When he found one, he must not yet submit it to the network. He sends you the coins and plays on your site. When he won, he's fine, no need to perform the attack (wouldn't be possible as you delay the payouts). When he lost, he's using the block he already found and adds a transaction to it to send the coins you currently 'have' with 0 confirmations to another address (one controlled by the attacker). He then submits the block to the net. Your coins are gone.

This of course requires that nobody else finds a block while the attack is performed, but there's a very good propability for this to not happen (I assume playing a bet on your site doesn't require much time, maybe not even a minute).
That would be the Finney attack. And yes, it's a valid concern.


Title: Re: Bitcoin Toss - Flip a coin and win double your entry!
Post by: lulzplzkthx on April 26, 2011, 07:21:45 PM
Played twice, won twice.
I've played Double Trouble at least 10 times and lost all but once.

Thus, my experiences are Bitcoin Toss is fair, and I will continue to use it..


Title: Re: Bitcoin Toss - Flip a coin and win double your entry!
Post by: FreeMoney on April 26, 2011, 07:26:42 PM
You can't use coins from a generate tx for 120 blocks.

I know but thats not necessary, the coins used to play aren't those which are generated by the found block, they're just some coins. The block is only used to undo the transaction used to send coins to the game owner. This works because the bet will be already played before somebody else can calculate the transaction into the blockchain (at least most of the times).

edit: typos removed

Oh, sorry. That's right I remember now.


Title: Re: Bitcoin Toss - Flip a coin and win double your entry!
Post by: lulzplzkthx on April 26, 2011, 11:12:49 PM
Sent a tx at 18:32 for 20 bitcents, and won, my tx has 4 confirmations, and I haven't received my 40 bitcents.
Sent a tx at 18:41 for 19 bitcents, and won, my tx has 0 confirmations, and the tx to me for 38 bitcents has 0 confirmations, but is listed.

What happened in the first bet?

Also, I suggest changing the form from a POST to a GET, so that if I accidentally close the tab, I can get back to it with the id saved in my history. (Lost some coins this way earlier.)

EDIT: The first one now has 6 transactions. Still none received.


Title: Re: Bitcoin Toss - Flip a coin and win double your entry!
Post by: Alex Beckenham on April 26, 2011, 11:47:26 PM
Sent a tx at 18:32 for 20 bitcents, and won, my tx has 4 confirmations, and I haven't received my 40 bitcents.
Sent a tx at 18:41 for 19 bitcents, and won, my tx has 0 confirmations, and the tx to me for 38 bitcents has 0 confirmations, but is listed.

What happened in the first bet?

Also, I suggest changing the form from a POST to a GET, so that if I accidentally close the tab, I can get back to it with the id saved in my history. (Lost some coins this way earlier.)

EDIT: The first one now has 6 transactions. Still none received.

This is the only bet of 20 bitcents in the entire database, which won... and the 40 bitcents went out:
http://blockexplorer.com/tx/6e485d4fef305f7613936da6448f4363692fe0162710d7ad887430ab4ddc2a03#o1

Can you tell me what address you sent the 20 bitcents to?


Title: Re: Bitcoin Toss - Flip a coin and win double your entry!
Post by: lulzplzkthx on April 27, 2011, 12:00:03 AM
It was either:

12jLuwWWXyv3Ygo6so75iP1PKMHnbP9XfB
-or-
1AuMiqxnEJ7GrWLXsLtGCTbGTRaFTSmgoR

However, if I'm wrong, my apologies.


Title: Re: Bitcoin Toss - Flip a coin and win double your entry!
Post by: Alex Beckenham on April 27, 2011, 12:56:38 AM
It was either:

12jLuwWWXyv3Ygo6so75iP1PKMHnbP9XfB
-or-
1AuMiqxnEJ7GrWLXsLtGCTbGTRaFTSmgoR

However, if I'm wrong, my apologies.


Both of those show in Block Explorer as being for payments of 0.19 btc:

0.19   http://blockexplorer.com/address/12jLuwWWXyv3Ygo6so75iP1PKMHnbP9XfB
0.19   http://blockexplorer.com/address/1AuMiqxnEJ7GrWLXsLtGCTbGTRaFTSmgoR

The first one won 0.38 and it was paid out on schedule:
http://blockexplorer.com/tx/95628ba28ee95cf4bd5dc839c37889ec72f28d0364c4879112bf84f21f5b49fc#o0


Title: Re: Bitcoin Toss - Flip a coin and win double your entry!
Post by: lulzplzkthx on April 27, 2011, 02:44:03 AM
It was either:

12jLuwWWXyv3Ygo6so75iP1PKMHnbP9XfB
-or-
1AuMiqxnEJ7GrWLXsLtGCTbGTRaFTSmgoR

However, if I'm wrong, my apologies.


Both of those show in Block Explorer as being for payments of 0.19 btc:

0.19   http://blockexplorer.com/address/12jLuwWWXyv3Ygo6so75iP1PKMHnbP9XfB
0.19   http://blockexplorer.com/address/1AuMiqxnEJ7GrWLXsLtGCTbGTRaFTSmgoR

The first one won 0.38 and it was paid out on schedule:
http://blockexplorer.com/tx/95628ba28ee95cf4bd5dc839c37889ec72f28d0364c4879112bf84f21f5b49fc#o0


I apologize, must have been transaction fee confusion on my end.

I really enjoy Bitcoin Toss and would vouch for it to anyone, I've had great success.


Title: Re: Bitcoin Toss - Flip a coin and win double your entry!
Post by: Alex Beckenham on April 27, 2011, 02:47:27 AM
I really enjoy Bitcoin Toss and would vouch for it to anyone, I've had great success.

Thanks, good to hear :)


Title: Re: Bitcoin Toss - Flip a coin and win double your entry!
Post by: Tyran on April 30, 2011, 12:59:59 AM
Also, I suggest changing the form from a POST to a GET, so that if I accidentally close the tab, I can get back to it with the id saved in my history. (Lost some coins this way earlier.)
This just happened to me. Is there a reason for requiring user input after payment?
Did anyone win with bets over 2 btc yet? So far I lost 100% of those with about 40 tries. After seeing the 5th post in this thread I'm afraid you can't win with anything but low bids, so be careful with this.


Title: Re: Bitcoin Toss - Flip a coin and win double your entry!
Post by: Chuck on April 30, 2011, 02:18:59 AM
I did not receive my winnings - I sent coins to 189MjkPqX6N89SUTYvPPT12mbyggGmsPL9 and won, but I did not receive the reward yet. There have been 8 confirmations so far on this transaction...

Edit: Nevermind, I got it, although it took about an hour (and 15 confirmations since I placed the bet).

I had bad luck... 6 games, lost 5... :(


Title: Re: Bitcoin Toss - Flip a coin and win double your entry!
Post by: Alex Beckenham on April 30, 2011, 03:17:20 AM
I did not receive my winnings - I sent coins to 189MjkPqX6N89SUTYvPPT12mbyggGmsPL9 and won, but I did not receive the reward yet. There have been 8 confirmations so far on this transaction...

Edit: Nevermind, I got it, although it took about an hour (and 15 confirmations since I placed the bet).

It's just that the wallet daemon was playing up... however it automatically goes back and resends any missed ones as soon as bitcoind is restarted.

Might need to upgrade to 0.3.21... don't know yet.


Title: Re: Bitcoin Toss - Flip a coin and win double your entry!
Post by: Insuremeplz on April 30, 2011, 06:42:23 AM
I ran well and martingaled starting at .1 so I'd have quite a few flips w/out busting a large chunk of money. Ran it up to a few BC's. Very addicting, even though statistically i'll eventually bust my roll.


Title: Re: Bitcoin Toss - Flip a coin and win double your entry!
Post by: tosser on May 01, 2011, 11:43:45 AM
There's a correlation between wager size and win-chance. Looks like a scam to me.

Rounds: 142
Wins: 62 (max consecutive: 5)
Loss: 80 (max consecutive: 10)
Win-rate: 43.7%


Title: Re: Bitcoin Toss - Flip a coin and win double your entry!
Post by: randomguy7 on May 01, 2011, 02:40:28 PM
I ran well and martingaled starting at .1 so I'd have quite a few flips w/out busting a large chunk of money. Ran it up to a few BC's. Very addicting, even though statistically i'll eventually bust my roll.

Lol be careful with that. This also worked well for me (starting with 0.05) till I started losing every bet. I had luck that my last bet won (though it wasn't high enougth to get all my losses back).


Title: Re: Bitcoin Toss - Flip a coin and win double your entry!
Post by: Alex Beckenham on May 02, 2011, 06:30:19 PM
i lost 3 times in a row wtf 49% my ass

Wow 3 times! Possible outcomes 0%, 33%, 66%, 100%. Send your complaint to random.org.


Title: Re: Bitcoin Toss - Flip a coin and win double your entry!
Post by: lulzplzkthx on May 06, 2011, 01:33:59 AM
I've had nothing but GOOD luck with this, wayyy better than Double Trouble.

My one issue however is that recently payments have been taking exceedingly long times to get accepted in a block (like 24 hours.) Anything you can do about this?

~lulz


Title: Re: Bitcoin Toss - Flip a coin and win double your entry!
Post by: Alex Beckenham on May 06, 2011, 01:37:34 AM
I've had nothing but GOOD luck with this, wayyy better than Double Trouble.

My one issue however is that recently payments have been taking exceedingly long times to get accepted in a block (like 24 hours.) Anything you can do about this?

~lulz

I just posted about some of my own personal transactions taking 5 hours to get confirmed, so I wouldn't be surprised to hear it's happening between that server and other people too.

I found this list, which shows all the transactions that are waiting to be included in a block: http://bitcoincharts.com/bitcoin/

I could set it to pay a 0.01 transaction fee, which would be inevitable at some point in the future anyway.


Title: Re: Bitcoin Toss - Flip a coin and win double your entry!
Post by: lulzplzkthx on May 06, 2011, 01:39:08 AM
I've had nothing but GOOD luck with this, wayyy better than Double Trouble.

My one issue however is that recently payments have been taking exceedingly long times to get accepted in a block (like 24 hours.) Anything you can do about this?

~lulz

I just posted about some of my own personal transactions taking 5 hours to get confirmed, so I wouldn't be surprised to hear it's happening between that server and other people too.

I found this list, which shows all the transactions that are waiting to be included in a block: http://bitcoincharts.com/bitcoin/

I could set it to pay a 0.01 transaction fee, which would be inevitable at some point in the future anyway.


It'd be nice if you had it set to pay the .01 transaction fee. :)


Title: Re: Bitcoin Toss - Flip a coin and win double your entry!
Post by: Convery on May 06, 2011, 01:44:49 AM
*yey* I won 0.01 BTC on the first try, I'm rich :3

Though, is there any limit to the bid?


Title: Re: Bitcoin Toss - Flip a coin and win double your entry!
Post by: lulzplzkthx on May 06, 2011, 01:56:16 AM
One other thing I might suggest, doood, would be reducing the number of confirmations required before payment is sent out. I haven't seen any double spending, and it's becoming less and less viable by the day (it really isn't viable at all anymore,) by the amount of miners. It's just annoying when I win a bunch of bitcoins, want to bet with them, and can't because I'm waiting for my payment.

Thanks,
lulz


Title: Re: Bitcoin Toss - Flip a coin and win double your entry!
Post by: Alex Beckenham on May 06, 2011, 01:59:56 AM
One other thing I might suggest, doood, would be reducing the number of confirmations required before payment is sent out. I haven't seen any double spending, and it's becoming less and less viable by the day (it really isn't viable at all anymore,) by the amount of miners. It's just annoying when I win a bunch of bitcoins, want to bet with them, and can't because I'm waiting for my payment.

Thanks,
lulz

It only requires 1 confirmation of entry, then the next run of the updater script will send out the payment. The updater script runs every 10 minutes, so after your entry fee has 1 confirmation, you might have to wait up to an extra 9:59 after that.

Perhaps to get around your issue I could just give you a balance on site, which you could then continue playing with, and then when you're done allow you to withdraw them.


Title: Re: Bitcoin Toss - Flip a coin and win double your entry!
Post by: lulzplzkthx on May 06, 2011, 02:04:05 AM
One other thing I might suggest, doood, would be reducing the number of confirmations required before payment is sent out. I haven't seen any double spending, and it's becoming less and less viable by the day (it really isn't viable at all anymore,) by the amount of miners. It's just annoying when I win a bunch of bitcoins, want to bet with them, and can't because I'm waiting for my payment.

Thanks,
lulz

It only requires 1 confirmation of entry, then the next run of the updater script will send out the payment. The updater script runs every 10 minutes, so after your entry fee has 1 confirmation, you might have to wait up to an extra 9:59 after that.

Perhaps to get around your issue I could just give you a balance on site, which you could then continue playing with, and then when you're done allow you to withdraw them.


Ah, that makes sense.

And if you do take the route of having a balance on the site, you should make it optional to have an account. One beautiful thing about it is just having to enter a Bitcoin address and be able to play.

I guess the deciding factor for me and whether I would create an account or not would be based on how long it's taking to receive the bitcoins I won.

Again, thanks for Bitcoin Toss, it's very enjoyable.


Title: Re: Bitcoin Toss - Flip a coin and win double your entry!
Post by: Alex Beckenham on May 06, 2011, 02:06:46 AM
And if you do take the route of having a balance on the site, you should make it optional to have an account. One beautiful thing about it is just having to enter a Bitcoin address and be able to play.

I have a few other domains, so it's more likely that I will just leave this one as is, then implement an additional login-style one which is almost the same, but with a deposit/withdrawal-type set up.


Title: Re: Bitcoin Toss - Flip a coin and win double your entry!
Post by: Convery on May 06, 2011, 12:55:13 PM
I think something is very wrong here..
http://gyazo.com/d75b7c28b8a689265d26e60f23e845af.png

Red = Bit toss (11 hours old)
Blue = From my other wallet. (30 min old)

So as you see they refuse to be confirmed so I can't get access to what I've won.. (over 0.8)


Title: Re: Bitcoin Toss - Flip a coin and win double your entry!
Post by: Alex Beckenham on May 06, 2011, 12:59:50 PM
I think something is very wrong here..
http://gyazo.com/d75b7c28b8a689265d26e60f23e845af.png

Red = Bit toss (11 hours old)
Blue = From my other wallet. (30 min old)

So as you see they refuse to be confirmed so I can't get access to what I've won.. (over 0.8)

I agree, however the 'something wrong' isn't related to the site.

Search the forum; there are several threads at the moment talking about the huge list of unconfirmed transactions at the moment.

Also check here: http://bitcoincharts.com/bitcoin/

They'll all get confirmed eventually, and when they do, my site's updater script will see them, see their 'winning' status, and pay you for them.


Title: Re: Bitcoin Toss - Flip a coin and win double your entry!
Post by: lulzplzkthx on May 06, 2011, 05:35:25 PM
Please add the txfee of .01 as I don't trust Double Trouble and would prefer to use Bitcoin Toss, but it takes so long to receive funds that I have to resort to using Double Trouble.


Title: Re: Bitcoin Toss - Flip a coin and win double your entry!
Post by: thephfactor on May 06, 2011, 07:16:33 PM
i won once but lost other times


Title: Re: Bitcoin Toss - Flip a coin and win double your entry!
Post by: Convery on May 07, 2011, 03:27:49 PM
27 hours.. still waiting or getting what I won..


Title: Re: Bitcoin Toss - Flip a coin and win double your entry!
Post by: The Script on May 08, 2011, 10:40:43 AM
Dood, that refund was incredibly generous and great customer service.  I'm giving you a +1 rating because I want to support good businessmen like you.


Title: Re: Bitcoin Toss - Flip a coin and win double your entry!
Post by: Alex Beckenham on May 08, 2011, 11:24:53 AM
Dood, that refund was incredibly generous and great customer service.  I'm giving you a +1 rating because I want to support good businessmen like you.

Thanks TS, it's appreciated.


Title: Re: Bitcoin Toss - Flip a coin and win double your entry!
Post by: The Script on May 08, 2011, 11:36:20 AM
Dood, that refund was incredibly generous and great customer service.  I'm giving you a +1 rating because I want to support good businessmen like you.

Thanks TS, it's appreciated.


Also, I played your game twice.  Spent 0.5 BTC each time and won the second time.  :P  I think I'll stop there....


Title: Re: Bitcoin Toss - Flip a coin and win double your entry!
Post by: Alex Beckenham on May 11, 2011, 04:05:37 AM
Here's a little PM conversation I thought I'd like to share (emphasis mine)...

Hello doood,

        I have been using your site, bitcointoss.com, for a short while and would like to make a request.  I feel a little backstory is in order so please bare with me.
   Recently I have dropped out of my 3rd year university engineering program due do to a dramatic worsening of my problems with anxiety and depression. I have moved back home and am now attending outpatient programs at my local hospital. While I have improved since returning home I still find myself unable to function properly. This has left me with a lot of free time. Recently I discovered bitcoin and found myself seeing promise in this novel form of currency. Due to my belief in its future succuss I made the decision to invest some of my money in it in the hopes that the value would rise over time.  Originally my plan was to simply let the money sit and accumuulate value. However recently I found your site, researched some basic betting stratagies and decided that your site was the ticket to easy money. Prior to recently I doubted the existance of psychological addiction and questioned the intellagance of those who claimed to be afflicted. Over the past week however I have seen how sorely wrong I was. I am truely amazed how quickly I surcome to compulsive gambling habits. In total I think I have lost around 80btc, nearly the entirety of my investment and have gone so far as to take out a btc loan in order to attempt to win my money back, most of which is lost.  I am terriably embarrased by my behavior and can hardly believe how far I have travelled down this road in such a small amount of time. I have now vowed to myself to never consider gambling as a way of earning money ever again.
   The reason I have written to you is to ask you to return some percentage of my losses. I in no way blame you or your website for what was purely my own stupidity and can see how it can be a lot of fun when used responsably and in moderation. Even if you don't return a single bitcent I'm sure that the value of the lesson I've learned far outweighs the value of my losses. If you do approve my request my address is 1DSGihdQyu9geRrm8ZDcZAnaVJS2d3CWdg and I have been mostly playing with the referal numbers 1655, 1755, 1927 and 2370.
   Thank-you for taking the time to read this letter.

Sincerly,
hackysackwizard

Even if you don't return a single bitcent I'm sure that the value of the lesson I've learned far outweighs the value of my losses.

Hi there,

I do truly believe your above statement and hence would be doing you an injustice if I were to refund any money.

I'm sure it's an experience you won't easily forget.

Keep safe and try to see the bright side of life.

Cheers.


Hello doood,

  While I respect your decision I really wish you would reconsider. Seeing your generosity towards sat0pi on the forums by returning most of his lost 250btc I was optimistic that you would be sympathetic to my situation. As an unemployed student I don't have much to spend on ventures such as bitcoin and I am now forced to invest more in order to repay my loan. I am well aware that this burden is entirely self inflicted. Having some of my investment refunded would save from the crippling anxiety of having this new burden in addition to my existing mental health issues.  As it is I am already horribly embarrassed to be making this plea. I sincerely wish you would reconsider my request. Either way, thanks for your time.

hackysackwizard

Hi h,

If you have read that thread then you would have seen this post:

https://www.bitcoin.org/smf/index.php?topic=6526.msg95638#msg95638

There will absolutely be no other refunds from this point.

It would be extremely foolish of me to go back on my word.

I do hope you can put this experience behind you.

d


My dearest doood,

I do truly believe your above statement and hence would be doing you an injustice if I were to refund any money.

Thanks man, so glad I have you to look out for me.  Glad you saved me from the horrible injustice of being shown a little compassion.

Keep safe and try to see the bright side of life.

...says the guy whose 70btc richer.  I'm sure I'd be seeing the bright side of life if that dropped into my lap too.

You are truly without the slightest bit of sympathy you greedy bastard.

Get fucked,
hackysackwizard


Title: Re: Bitcoin Toss - Flip a coin and win double your entry!
Post by: error on May 11, 2011, 04:07:39 AM
What a nice guy.


Title: Re: Bitcoin Toss - Flip a coin and win double your entry!
Post by: The Script on May 11, 2011, 04:13:08 AM
The part that cracked me up was that he "researched basic betting strategies".  The hell?  It's a COIN TOSS, with just under a 50% chance of getting the right answer.  What kind of strategies can you possibly have? 

I have no sympathy for mr. hackeysack.  If you can't afford to gamble, don't.



Title: Re: Bitcoin Toss - Flip a coin and win double your entry!
Post by: Alex Beckenham on May 11, 2011, 04:21:31 AM
The part that cracked me up was that he "researched basic betting strategies". 

Yes that bit's good too.

The part that cracked me up is how he equates 30 hours of non-stop photoshop work and php/ajax coding with 'dropped into my lap'.

Not to mention the forethought to buy the domain, get it hosted, blah blah blah.

It's a business venture, not free money.


Title: Re: Bitcoin Toss - Flip a coin and win double your entry!
Post by: Noitev on May 11, 2011, 05:07:25 AM
The part that cracked me up was that he "researched basic betting strategies". 

Yes that bit's good too.

The part that cracked me up is how he equates 30 hours of non-stop photoshop work and php/ajax coding with 'dropped into my lap'.

Not to mention the forethought to buy the domain, get it hosted, blah blah blah.

It's a business venture, not free money.


considering the whole "coin flip" thing, I feel he wouldn't be asking for a small bit of generosity if he won 75 btc considering it has the same odds. :P

additionally, i'm pretty sure your referrals pay before any confirmations, just keep that in mind.


Title: Re: Bitcoin Toss - Flip a coin and win double your entry!
Post by: Alex Beckenham on May 11, 2011, 05:37:30 AM
i'm pretty sure your referrals pay before any confirmations, just keep that in mind.

Hi, that's incorrect, but thank you. The referral fee gets paid after 1 confirmation of the entry, in the same code block that pays out winnings.

*looks into code to make sure*   ...yep


Title: Re: Bitcoin Toss - Flip a coin and win double your entry!
Post by: Noitev on May 11, 2011, 06:04:12 AM
Well, I guess you guys have shown me what's what.  Now that my personal laundry is being aired maybe I should post my address so you can all come and kick me in the nuts too.

A phone number would be fine too :P


Title: Re: Bitcoin Toss - Flip a coin and win double your entry!
Post by: Noitev on May 11, 2011, 06:05:49 AM
i'm pretty sure your referrals pay before any confirmations, just keep that in mind.

Hi, that's incorrect, but thank you. The referral fee gets paid after 1 confirmation of the entry, in the same code block that pays out winnings.

*looks into code to make sure*   ...yep


ok cool, just happened to get a referral of equivalent value right after a bet, lol coincidental


Title: Re: Bitcoin Toss - Flip a coin and win double your entry!
Post by: proudhon on May 11, 2011, 08:34:24 AM
Bet 0.8BTC and won on the first flip.  And, that's actually as much as I'm willing to gamble.  Not worth the risk to me.  I'll take my 1.6BTCs and walk away.


Title: Re: Bitcoin Toss - Flip a coin and win double your entry!
Post by: Dayofswords on May 12, 2011, 03:26:05 AM
So I bet 3, tried to flip and it hasn't loaded yet....


Title: Re: Bitcoin Toss - Flip a coin and win double your entry!
Post by: Alex Beckenham on May 12, 2011, 03:49:20 AM
So I bet 3, tried to flip and it hasn't loaded yet....

Hi DS, I've restarted bitcoin and will refund those 3 coins to your payment address, as soon as the entry payment is confirmed.


Title: Re: Bitcoin Toss - Flip a coin and win double your entry!
Post by: BitcoinsWallet on May 14, 2011, 10:53:27 AM
doood, thank you for this game.


Title: Re: Bitcoin Toss - Flip a coin and win double your entry!
Post by: Alex Beckenham on May 15, 2011, 05:20:19 AM
2 Bets which I was told won, but I never received my payment. I have already messaged you the details dood.

Sent and sent.


Title: Re: Bitcoin Toss - Flip a coin and win double your entry!
Post by: Aphelion27 on May 15, 2011, 06:01:50 AM
Sent BTC but never got the coin flip.  Just sitting there waiting for confirmation.


Title: Re: Bitcoin Toss - Flip a coin and win double your entry!
Post by: Aphelion27 on May 15, 2011, 06:15:31 AM
Sent more info in PM..


Title: Re: Bitcoin Toss - Flip a coin and win double your entry!
Post by: davux on May 20, 2011, 09:38:41 PM
Copy-paste machine or human bug: I sent a bet with the same address as the previous one: http://blockexplorer.com/address/1PzhrDmpeogSNnnr7HZLxTo8s6x9MVnXmX

The first payment was 55 BTC (and I lost), the second one was 100 BTC, which was never taken into account because the program was expecting the coins to arrive on another address.

It's quite a lot of money. If I had lost I wouldn't ask for anything, but in this case I just sent the bet to the previous address. Can you please return me the coins so that I can send them to the right address, or just accept them as a valid bet so that I can play? I think that's a honest request – if you allow me to play and I happen to lose, it will be fair (I'm only hoping that you won't program my next game to be a losing one ;) ).

Thanks in advance, sorry for the confusion.

(I first sent the request by PM but go no answer so far.)


Title: Re: Bitcoin Toss - Flip a coin and win double your entry!
Post by: BitcoinsWallet on May 21, 2011, 12:40:11 AM
100BTC! Big bet....


Title: Re: Bitcoin Toss - Flip a coin and win double your entry!
Post by: randomguy7 on May 25, 2011, 05:36:28 PM
I've sent 0.55 BTC to 1PD1mi5qjvjpYZXekKXhikG8xHf8GMvZVY but my browser crashed before I was able to play the bet. Can you plz return the coins? Thx


Title: Re: Bitcoin Toss - Flip a coin and win double your entry!
Post by: Alex Beckenham on May 25, 2011, 05:51:45 PM
I've sent 0.55 BTC to 1PD1mi5qjvjpYZXekKXhikG8xHf8GMvZVY but my browser crashed before I was able to play the bet. Can you plz return the coins? Thx

Done. Sent to 1J5C7kWezUak7RH6iDXrEZbinFC8m6nPzy :)



Title: Re: Bitcoin Toss - Flip a coin and win double your entry!
Post by: hoahoa on May 26, 2011, 11:15:38 AM
played this for the last few hours with some spare change.

started with 0.4btc and now at 1.35btc. going to see how far i can take the winnings  ;D


Title: Re: Bitcoin Toss - Flip a coin and win double your entry!
Post by: Tukotih on May 26, 2011, 05:11:48 PM
Lost 0.1
Lost 0.05
Won 0.01 (+0.02)
Lost 0.02
Won 0.05 (+0.1)

So in total I went -0.05 BTC
Nice design on the site and congrats! :)


Title: Re: Bitcoin Toss - Flip a coin and win double your entry!
Post by: kseistrup on May 26, 2011, 06:22:48 PM

The part that cracked me up was that he "researched basic betting strategies".  The hell?  It's a COIN TOSS, with just under a 50% chance of getting the right answer.  What kind of strategies can you possibly have? 

If you keep gambling until you win — and you're bound to win sooner or later — and double your bet for each time you lose, the moment you win you will have a net gain equal to your first bet.  E.g., you bet BTC 1, and you lose. Next you bet BTC 2, and you win BTC 4 — but since you have spent BTC 3, you net gain is BTC 1.

Well, this is an ideal situation where the probability of winning and losing is the same.  In the case of win:lose = 49:51 you should probably multiply by 1/.49 (slightly more than 2.04).

If you set the multiplication factor to e.g. 3, you should be able to win more than your initial bet.  If we set the initial bet to 1 bitcent:

Code:

round      bet      sum   profit   p(lose)

 1:     0.01     0.01     0.01    51.00%
 2:     0.03     0.04     0.02    26.01%
 3:     0.09     0.13     0.05    13.27%
 4:     0.27     0.40     0.14     6.77%
 5:     0.81     1.21     0.41     3.45%
 6:     2.43     3.64     1.22     1.76%
 7:     7.29    10.93     3.65     0.90%
 8:    21.87    32.80    10.94     0.46%
 9:    65.61    98.41    32.81     0.23%
10:   196.83   295.24    98.42     0.12%
11:   590.49   885.73   295.25     0.06%


The ‘bet’ column is what you have to bet in each round if you lose in the previous round (except the first, of course).  The ‘sum’ column is your cumulative investment.  The ‘profit’ column is your net gain (twice your bet, less your cumulative investment).  The ‘p(lose)’ column is the probability of losing all rounds up to — and including — the given round.

So the strategy is:

  • Choose a multiplication factor > 2
  • Keep playing until you win (this implies: have lots of money before you start playing)
  • Keep you head cool and your heart calm

Have I overlooked something?

Cheers,


Title: Re: Bitcoin Toss - Flip a coin and win double your entry!
Post by: Alex Beckenham on May 26, 2011, 11:31:49 PM
Have I overlooked something?

You've over-looked the fact that past results do not change the probabilities on the next turn.

So if you're betting 590.49 BTC on a single coin toss, don't be fooled into thinking that's any different to someone who just came along and put 590.49 BTC down on their FIRST turn. The only difference is that you have an 'investment' from the past but I'd say that investment is mostly emotional.


Title: Re: Bitcoin Toss - Flip a coin and win double your entry!
Post by: hoahoa on May 27, 2011, 12:43:25 AM
Lost 5 times in a row  >:(
no more change to play with.


Title: Re: Bitcoin Toss - Flip a coin and win double your entry!
Post by: kseistrup on May 27, 2011, 05:53:44 AM

You've over-looked the fact that past results do not change the probabilities on the next turn.

I'm aware that the probabilities don't change.  What I'm betting on is that I'm unlikely to lose many times in a row.  E.g., if I play this game until the end of time I will find that on the average I will only lose 5 times in a row in 3.45% of the cases.  But of course that also means that I'm even more unlikely to lose 6 times in a row and win the 7th roll.

Quote

The only difference is that you have an 'investment' from the past but I'd say that investment is mostly emotional.

Past is past and cannot be undone.  I do not have an investment from the past, not even an emotional one.  What I do have, is a strategy to try and win back — in the present — an amount equal to my losses, and then some.

However, since the dice aren't fair (in the sense that the chances of losing and winning are ≠ .5) the house will be the winner in the long run.  Even more so because there's an upper limit to each bet, which means I'm not free to play until I win.  Still I'd say that my best strategy — if I were to play this game — would be to bet at least twice as much as I bet on previous roll and lost.

Cheers,


Title: Re: Bitcoin Toss - Flip a coin and win double your entry!
Post by: Alex Beckenham on May 27, 2011, 06:44:20 AM
I do not have an investment from the past, not even an emotional one.  What I do have, is a strategy to try and win back — in the present — an amount equal to my losses, and then some.

If someone uses the term 'win back', that indicates to me that they have an emotional investment in it.

If someone is simply playing to win money in the *present* with no emotional attachment, total losses from the past should be completely irrelevant.

I've found that doesn't reflect reality however as almost everyone who plays 7 rounds will likely have the first 6 on their mind as they play the 7th.


Title: [Alert] Bitcoin Toss is a scam and/or the owner is a thief
Post by: davux on May 28, 2011, 01:42:21 AM
(I first sent the request by PM but go no answer so far.)

Alex Beckenham (formerly known as doood) won't send back the 100 BTC I mistakenly sent to the same address. The reason he gave me:

Quote from: Alex Beckenham
when 100 BTC was added, this *increased* the possible payout pool, which in turn made *more* btc available to winners, which have subsequently won those coins. I don't know how to make it any clearer, I don't physically have your extra 100 BTC.

So I answered that if he has less than 100 BTC in Bitcoin Toss's wallet, nobody will be able to bet 100 BTC and win, which means he's either lying to me, or Bitcoin Toss is a scam.

He never answered that message.

So we have 2 problems here:

  • I know I shouldn't have sent those 100 BTC to the wrong address (of the same wallet) in the first place, but if you see someone dropping a banknote in the street and you don't call them and give the money back, it's still theft (and even more if they come to you and you still refuse to give it back!).
  • Alex Beckenham needs to explain what "I don't physically have 100 BTC" means, and how this is compatible with Bitcoin Toss's promises.


Title: Re: Bitcoin Toss - Flip a coin and win double your entry!
Post by: Alex Beckenham on May 28, 2011, 04:25:43 AM
As of now, I am no longer supporting this site.

The number of people that try to scam me for refunds (+ more) is starting to outweigh the small % I've been taking. It's not worth my time to argue the point again and again to people who either are too stupid to understand or who are purposely trolling and fabricating in order to relieve me of my coins.

I'll be adding md5 verification to "Bitcoin Double" soon, if you want to keep playing, play there.