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Wow! Awesome to see all that hard work payoff! I'm a big fan of the idea of luck-forging, and think power-ups such as this will be a huge part of gambling in the future.
See you in game! And look forward to see what you guys build next
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DustDice now supports tips, come and talk to us on the chat and maybe you'll be lucky  |
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Its extremely easy to detect if collusion is happening or not. Its called common sense. if you see the same 3 players all playing together at multiple tables at a time, THEY ARE COLLUDING!
ITS NOT A MATTER OF OPINION.
Frankly I hope he serves time for theft and fraud.
What if you're only 99% sure they are colluding? If you have a big penalty, then you couldn't afford to have false-positive's of 1 in 100. If the penalty is light, then people can afford to keep trying. |
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what do you mean with one doesn't need to worry about getting shut down? thanks
I just mean there's no user-information, bitcoins, or any other sensitive information stored by the filehost. So if they do shut you off from hosting, you can easily reopen somewhere else (as opposed to having a huge database to migrate) |
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if I would use moneypot investors will all my users need to register and deposit through moneypot?
Yeah, they will need to register an account with moneypot (there's a nice workflow, that's not too intrusive). While they don't need to go on moneypot.com to do the deposit (they can deposit directly from your app) the funds are managed by moneypot.com |
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Since the funds don't seem to be separated, depositing/gambling/withdrawing there or in any other spinoff of this site is exactly the same as playing on MoneyPot?
Users have their own balance for your site, it's completely separated from their normal moneypot balances and their balances at other "powered by moneypot.com" sites |
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Those sites are ridiculous! An example review: "You go through a very long process of signing up. It took them 72 hours to verify my account, which is way too long. They weren’t apologetic either and came up with a story saying that my ID was unreadable, which is a complete lie. Then you deposit some Bitcoin into your account and get a sign up bonus..." 1. We have no sign up or verification process whatsoever 2. We never ask for ID 3. We don't give sign up bonuses because our house edge is too low. I guess we should be honored that people are spending time and money on writing fake reviews about Bitcoin Video Casino...?  You were one of a whole bunch of targets of some obvious smear campaign, of which I actually compiled a list of targeted casinos from the campaign and reported it to trustpilot.com Their response: "It is unclear from your message what action you would like us to take". I really can't help but think they are operating in bad-faith, and they leverage this sort of stuff as a part of some upselling package. The smear campaign itself is so laughably off base, and poorly researched I can't help but think it was done by someone totally unfamiliar with the industry. (e.g. as Dooglus pointed out, they think PrimeDice is a poker house) |
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A while ago, Dooglus posted a script he made: https://bitcointalk.org/index.php?topic=709185.msg9379308#msg9379308which seems like it would fit your purposes. Since then there's been a minor API change, so here's the adapted version: var baseBet = 10; // in Bits
var cashout;
var mult;
// set one of mult or cashout, and the other will be calculated for you:
// mult = 1.12;
cashout = 1.5;
// what percentage to increase the net profit by each time we lose a bet; 0 for pure martingale
greed_percent = 5;
if (!mult)
mult = cashout / (cashout - 1) * (1 + greed_percent/100);
else if (!cashout)
cashout = mult / (mult - 1) * (1 + greed_percent/100);
var satoshis = baseBet * 100;
var crash = Math.floor(cashout*100 + 1e-6);
var currentBet = false;
engine.on('game_starting', function () {
if (currentBet && engine.lastGamePlay() === 'LOST')
currentBet *= mult;
else
currentBet = satoshis;
if (currentBet < engine.getBalance()) {
console.log('place bet of', Math.round(currentBet/100), 'at', crash/100);
engine.placeBet(Math.round(currentBet/100)*100, crash, false);
}
else {
engine.stop();
console.log('You ran out of bits :(');
}
});
Give that a go, and let me know if it fits your needs |
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all done only 1 problem faucet not fuction always WAITING_FOR_SERVER?
You'll need to register on: https://www.google.com/recaptcha/intro/index.html your site, and then get the "site_secret" and put it in the moneypot.com app admin page. @Dan, probably should be added to the README |
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All the code is available as non-obfuscated, easy to read javascript, designed for developers to fork; so I wouldn't worry too much about any backdoors. It's really just a static website, that stores no funds or anything.
Which is actually a really neat thing. You don't need to worry about getting shut down (just reopen on a different file host) or think too much about security =)
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I like the site but is there any special things than others dice site? The one i know and i like from urs site is mobile friendly now It's the same shit, with a different skin. It's a bit of a labor of love, adding things I think are personally important: * A nice UI that as you note, works well on a phone (and is very careful about network traffic) * Shows your history graphically (god, can't stand reading list views) * Has instant deposit/withdrawal from a decent web wallet (moneypot.com) * Open source* Has nice round number (outcomes 0 to 100), payouts with only 2 decimals while having a house edge of <= 1% On the last point, sometimes the house edge is considerably less than 1% in pursuit of those sweet round numbers. For instance, last night our mini-whale was playing at < 81, which has a payout of 1.24x Interestingly the house edge for this is only 0.554%, because if the payout was any worse (1.23x, the house edge would be too high (1.356%). So maybe it's more than just a pretty face but ultimately DustDice is a gimmick and bullshit free realization of everything I want in a dice site =) |
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I entered so skeptic to end a bit amazed, i like the idea.
Also , could it be implemented to bustaclam? It would be nice to be able to gamble with some clams.
Thanks! Glad you were impressed =) DustDice uses the MoneyPot API, which is a bitcoin only service .. but there's no overarching reason why DustDice couldn't be hooked up to something like JD (although many of the best made by DustDice have a house edge significantly below 1% (to have nice clean numbers) which might be a bit of a pain point integrating). On a side note, last night we had a bit of a winner taking 2 BTC:  |
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We've rebuilt the chat from the ground up for a better social experience. You can now see your own stats, and the stats of other users in the chat. Tipping to come very shortly..
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Even with negative house edge is difficult to make profit,because you have to know to have a strategy
moneypot has a way to have negative edge,but even that way,it is really difficult to make profit
Actually, bustabit doesn't have a negative house edge but rather makes it possible (through PvP) for players to be +EV. In many ways it's like poker, you can play poker profitably at the expense of another players, but the house isn't -EV No one should expect a casino to offer a no-house edge any time soon (other than PvP games), as the risk is simply astronomical. Games like bustabit with a small house edge (0 to 1%) at times has been financially challenging to run, we've had a 24 hour period of time that's wiped away 3 month of profit. (Imagine a greedy player: 99.9% of the time he's going to lose, but the time he wins ... you're going to be hurt). My intuition tells me a casino could be profitable on a 0.1% house edge, but it would require a huge bankroll to be able to support whales which often make a significant portion of a casinos profit. |
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Moneypot is a good system can we still invest in the bankroll? Will new casinos on MP have tip bots and stuff?
Yup! It's an open bankroll, you can invest and divest at will. We provide the APIs to allow casinos to have tip bots on the chat server, but since we don't run the casinos it's not up to us But I do hope there are some interesting chat bots running soon ) |
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Adding those links to the top of the website is actually a good idea.
Agree! It's a nice touch. Sorry about the lack of updates on this sort of thing, been so busy with MoneyPot I've been neglecting some of the more basic design things. On the positive note, I did have the time to add some much-requested features to MP API (hash invalidation, partial satoshi wins, and a fully functioning tipping system!). |
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If anyone is into NXT (the altcoin) have a look at: https://nxtbubble.com ... looks very well done! (Disclaimer: I have no affiliation with the site but they are based on the bustabit source code) |
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I've never said that I take commission on profits, I've said that I take comm on NET INVESTMENT PROFITS.
In the given case, the net investment profit is 10 BTC, not 1. Which means the commissions due is 1 BTC, not 0.1 |
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Let's break the maths down a bit: (-10BTC)(0.495)+(10BTC)(0.505)= 0.1*0.9 = +0.09 BTC
So let's first look at the left hand of the equation, which we both agree on: (-10BTC)(0.495)+(10BTC)(0.505)
This says investors have 49.5% chance of losing 10 BTC, and 50.5% of making 10 BTC. And thus, they have a total EV of 0.1 BTC. I'm not sure how your commissions work, so let's use JD's. In the 49.5% chance that the investors lose 10 BTC, they owe 0 commissions. But there's a 50.5% chance that they just made 10 BTC. Since their net profit for that week was 10 BTC, they need to pay 10% of it in commissions. So let's plug that back in the equation: (-10BTC)(0.495)+((10BTC)(0.505) * 0.9) which gives: -0.405 BTC The same number the OP gave. In effect, the investors have an expected loss of 0.405 BTC. JD makes up for this, by using a high-water mark on commissions, so that if you've taken an investing loss you get pure +EV until you're eventually back in the profit I guess what's not clear is how bitdice.me works. If investors lose 1 BTC the first week, and then make it back the 2nd week, how much commissions do they owe? |
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