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no interest in promo so stopped before it started.
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Looking for feedback on a new feature.
As some of you may know the new version of BetKing is in the works and one of the things we allow is users to setup their own casino apps that use BetKing accounts and bankroll.
I've also been working on a leveling/bonus/achievement system for the new site and wondered:
Would it be better to allow app owners to setup their own achievements/bonuses for their own site instead of just having one global system on BetKing?
I think it's a yes but the code is more complicated to write and so really depends if theirs interest in potential app creators wanting this feature to see if I should prioritise it or not.
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Casinos that are taking in investments these days should have proof of liabilities its a way for you to track all the funds in the site. Something that looks similar to this. https://bitvest.io/liabilities if it don't have it you don't know if they have what they say they have. Agreed, it has to be the new standard. It's not a new thing at all. Just Dice was proving it years ago and BetKing used to. We don't now because: 1) We don't need to now. I spent > 3.5 years building trust here. If you don't trust me don't invest, we already have 6300 invested. 2) The reason we don't have all funds in one address is actually because players would have accounts closed on Coinbase and exchange sites because they could track the withdrawals from gambling sites that prove funds. I think any new site asking for investment that has not proven to be trustworthy, like bitvest, they should show proof of funds. I wouldn't invest in small sites that didn't. But a site like BetKing or say Just Dice I don't see the need. I agree but some new people who want to invest in casinos would rather to have atleast proof of the sites trustworthy and not only hearsay from others.. it's common thing for new investors now.. since a lot of scam sites are multiplying. This is something I hear all the time but no one gives any proof. Where are these so called scam casino sites that people are investing in and losing money? If you mean obvious HYIP sites in the investor based games section then yes, you will lose money and all of them should be avoided. But point out one scam casino in the past year? There's not been any for a very long time. Also the trust for BetKing isn't hearsay, do a very small amount of research and you will see that. |
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Casinos that are taking in investments these days should have proof of liabilities its a way for you to track all the funds in the site. Something that looks similar to this. https://bitvest.io/liabilities if it don't have it you don't know if they have what they say they have. Agreed, it has to be the new standard. It's not a new thing at all. Just Dice was proving it years ago and BetKing used to. We don't now because: 1) We don't need to now. I spent > 3.5 years building trust here. If you don't trust me don't invest, we already have 6300 invested. 2) The reason we don't have all funds in one address is actually because players would have accounts closed on Coinbase and exchange sites because they could track the withdrawals from gambling sites that prove funds. I think any new site asking for investment that has not proven to be trustworthy, like bitvest, they should show proof of funds. I wouldn't invest in small sites that didn't. But a site like BetKing or say Just Dice I don't see the need. |
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Deposits/withdrawals will be down temp. Betking is updating bitcoin wallet.
Finished upgrade Deposits and withdrawals all back to normal. Upgraded to Bitcoin 0.13.1 Also the issue with slow withdrawals (1-10 minutes) should be fixed now. Good luck |
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BetKing seems to have shown biggest returns. Bitvestb,bitdice and moneypoy would also be great options. There might be other options but those are what I'd choose.
My second week with Betking, nothing but loss. Where s that big return? Still waiting for it. Bad timing if you have a loss. You can see on dicesites.com that BetKing has made more profit than all other investment sites. You can see another users experience investing in 5 different casinos over the past 3 months here  |
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Hi! Want to try betking  What is the max profit per bet? 249.7 Bitcoin  good luck |
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Our bankroll is now over 6200 Bitcoin with a max profit in a single roll 246 Bitcoin!
Why was the decision made to limit investments to 4x Kelly? I guess they dont limit it to 4x kelly but they lower it to 4x kelly but still you can invest on 5x kelly or more if they have this thing. Usually people tend to play at 5x kelly to get more in return I don't understand? or you don't understand? You don't have an account? 6200*4*.01= 248 But imagine if everyone was at 25x.............. BTC1550 That's where the fun starts.... $1mil What is the biggest bet ever on dice? You can win up to 4% of the house bankroll, and after you factor in the commissions taken, it ends up being much more than 4x kelly. It's an interesting situation. The highest wagers can be made at BetKing because of how it's setup and because Dean has been trustworthy with the funds. It allows Betking to have an amazing amount of volume (despite a small amount of total bets) and attracts the largest whales, but the variance for investors is incredibly high. Luckily it has performed extremely well above its expectation. Over-leveraging and a bit of a lucky streak from a whale could obliterate the site, so imo it's fine enough where it's currently set. I actually will probably reduce it again soon. We want to maintain the largest max bet in the business but there's no need for larger risk. The leverage system was great to give people the option of only putting a small amount of Bitcoin on the site and so not need to trust me with all their coins but no one used it for that, they want the largest share of bankroll so put all their money on 10x anyway! |
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Updated investor amounts/profit stats
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We already have a replayable log (that's the point of the MySQL log after all), but we couldn't rewind the entire system. Consider, for instance, a new user that created an account and deposited funds. If we roll the system state back we would have to manually allocate all of those and manually recreate the users. And, too, consider the exact issue we've got above, where a user divested and withdrew - how do you roll that back? You can't, so you have to move forward with the system in the current state.
::sigh:: That's not what a replayable log is, at all. A replayable log is logging all the individual events (e.g. bets, investments and divestments), in such a way that if you found a mistake had occurred (or in this case, fraud) you could fix the mistake (in this case, delete the bets) then replay everything so the investors balance is exactly is if the fraud never occurred in the first place. It's actually just a good practice to be in, when ever I mutate state I *always* store the cause of it. (e.g. if someone transfers money, I log an event of the transfer. If someone claims the faucet, I store the details of that, if someone invests I store a record of it (and things like how much the bankroll was before they invested) etc). And probably the other mistake people make, is over-constraining their database to not allow negative values. e.g. While a user balance never should be negative, the system should support it as cases like this might cause some accounts to legitimately be negative (them withdrawing gains they shouldn't have) or even deposits reverting after a blockchain reorg etc. It's great for a disaster recovery situation like this, and it's great from an audibility perspective Exactly, see http://martinfowler.com/eaaDev/EventSourcing.html Note that even if you don't follow strict event sourcing best practices you should still have a log of everything anyway so that you can replay, just takes more effort. Surely each bet/invest/divest actoin must have a timestamp on his MySql rows? |
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Crypto-Games accepting Monero now. Maybe I will just transfer my few Moneros there instead of waiting forever on its value to soar again. Gaining some few bucks while waiting it's value to move up should be a win/win situation.  Good news from Crypto-Games - those guys really listen to what people want and deliver! Yeah, indeed for now crypto-games is the best place to use as an investment. because crypto-games have been standing for a long time and they do not commit fraud against all existing investors. They are also very unusual in serving all the investors who come and give the best thing for all existing member Or you could read the thread instead of shill posting? You can see in OP's chart that BetKing has the biggest return so far, and he's not even posted an updated chart yet. Read my post above for stats as to why BetKing is in fact the best place to invest. |
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Hello JackpotRacer,
I went to your website as you advised us. And I understand the betking's words.
I think that they have such a high ranking not because they have high wagered amounts, but because of how much BTC they give for free. If you don't normally gamble, but saw a site giving you 2k chances a day to win 0.8 BTC, you'd probably really like that and vote for them in the poll. Others might have just joined and got some free BTC rain, so they decided that they liked JackpotRacer the best as they got free BTC. If you see their free 1k bets thread, there are over one thousand posts, from at least 50 different people. and I think you gave only half of the truth or are you also saying those are all shills? yes we are giving free promos like all casinos do and should do! we have many players who are attracted by our great promos some stay and some not but many are staying and wagering. you forgot to mention that we had some nice winners at our Dust Lottery and not fake ones  we are popular because we respect Dust Players and they love us and our games. do you guys really think that Whales will vote here or post on BCT? if you think so you have no clue or you are naive to think so. therefore Betking has not many votes and they should be 1st IMO but it looks that Dean does not understand how things work if he jumps in here (this poll) and accuses us that all votes are shill accounts LEL. not long ago he wanted to be a partner with MP now he is shooting at a fine MP app that cant reach his volume and Profit. he should Congrats us for such a nice outcome here. but he has no style and if he has style it is a bad one. if I would run/own a casino like Betking I would sit quiet and enjoy the profit and the great turnover and would not care if I am in this poll even listed saying all this maybe something is wrong at Betking if he needs to attack a small MP app/casino and sadly I have to say that we dont get any backup by MP all apps/casinos ambassador or owners. they are always jumping in other threads and taking side of some apps but not all apps (very sad) guys visit us and you just need to clcik my signature I'm not attacking you. There's a lot of sites on that list that have shills. I know that "dust" players and faucet players or people who look to claim small amounts of free Bitcoin from sites are the majority of people (and multi accounts) in the forums and are most vocal. Also the most frequent posters due to sig campaign payouts. I would never expect a whale to be in the forum voting or even looking for a prize or faucet. Also btw, it's not only whales that play at BetKing, we have a lot of players who bet huge compared to dust bettors yeah but at end of day they are betting $20-$100, that's not a whale. That's a normal casino player. You bring up that I wanted to partner with MoneyPot. What happened there was I didn't see the original auction until it was too late. I then thought it might be a good idea to partner anyway. We spoke and I was going to own 50% of Moneypot without putting any Bitcoin in because of the value and bankroll I could bring. After chatting with the team and realising it would be lots more work for me with little return I then pulled out, it's documented on the forum so don't claim they said no to me. They have asked 2-3 times since to partner with me. |
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Answers are different in the pool! Yeah but we don't pay shills either. Look at the results in the poll and then compare with the sites wagered amounts. |
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So remember a few months ago when Primedice lost thousands of accounts and then found most of them again? Did some players lose money in that fiasco? I think I did ...
I got my account recovered with all my btc intact with a bonus, why do you think you lost your btc? i'm sure you'll be able to recover it too, just open up a support ticket and micro will help you out. We got my account back but the funds I had in my affiliate balance have disappeared and I am getting no response about that. With Nitrogen being what they are Primedice can no longer claim to be the most trusted dice site. I have had to adjust my review accordingly https://www.bitroll.co/bitcoin-dice-reviews/primedice-review/ Nitrogen the most trusted dice site? I can certainly think of much better candidates. |
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The way this guy was betting, was clearly to show that he could cheat. IMO this could have 2 reasons:
If the attack was super simple (e.g. the server was blindly giving the user the server seed) it's also possible it was a non-sophisticated attacker that got hold it of it, and was just dumb enough to not even try to cover his tracks better. I actually believe this recently happened to PrimeDice in their latest upgrade, with something along the lines of the beta server was a fork of the production server and someone realized this and revealed their server seed and abused the crap out of it to the point it was super obvious. I also heard about another bitcoin site where someone social engineered their way into getting root credentials to the server, but was sufficiently unsophisticated he couldn't figure out how to withdraw the bitcoins. That said, this is basically a nightmare situation for an investment site. Let's say they suspect or find out that the attacker actually had been abusing this before, who should be on the hook? The investors or the site? Kind of strange how no site ever clarifies that I've said it to the investors before (noticed FAQ used to say it but not now after re-enabling investments a long time ago) that if this happens (or any big mess up) the investors lose/pay for it. That's the risk they take investing in the site/me. Fortunately this hasn't ever happened at BetKing anyway. |
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Our bankroll is now over 6200 Bitcoin with a max profit in a single roll 246 Bitcoin!
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I am also very keen to invest in moneypot but I see the feedback from users that they are getting a loss of 1% ~ of investment for 1 week. how opinions. Investors from here ?
I didn't pick moneypot to invest in for my 3 site investment test, but a loss of 1% doesn't mean it will continue like that. People might have been luckier (and a Dust Lottery win as well) lately, and though the profits have been in a slump lately, it doesn't mean it will continue.  Chart of Moneypot profitsAnother site I invested in had a 1.5% loss in the first week or so, but soon after became positive with a 10% ROI already. Moneypot definitely has good feedback though, but investment profits isn't something they can "fix" (unless they rig bets). There will be up and down. The house edge does not promise that you will be profit all the time. Many other sites also experience the same thing. There is also a period of time when betking lose like 10-50btc every single day and the profit was down by 10-15%. But when the time comes, they suddenly profit back 1000btc. Although it is still not enough to cover back but subsequently it did come back to the green. Every time I see a comment from you you talk about a short period of time when we had a losing week. In the past 15 days BetKing has made 269 profit. More than any other dice site. In the past 22 days BetKing has made 1245 profit. More than all other sites have made in the past 9 months. In the past year we have made 3623 profit. More than the total profit of all other sites have ever made. Yet you keep spreading this false information about how we lose all the time and you can't recover. |
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Are you sure that betking is having a 7% profit after one week? So far, i have keep a daily look at the betking and they have a very unlucky run this week. Almost every single day is a lose for them. And moneypot is at a lost for this week too.
i also do not know that how happen that as i also studying it regularly but never notice such increase in these days. I am monitoring my 15 days Betking investment and it is staying positively although not that great. In the last 7 days I think I gained around 1.5%. In the past 15 days BetKing has made 269 profit. More than any other dice site on this list. In the past 22 days BetKing has made 1245 profit. More than all other sites have made in the past 9 months. In the past year we have made 3623 profit. More than the total profit of all other sites have ever made. https://betking.io is clearly the best dice site by far to invest in. |
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