Thank you Financisto! You are invited to place a bet! What do you think about the max limit of 1 btc?

* Now using csv generated version of the list (yay version 2), which has greatly reduced the time taken to update this list. Im still pretty busy atm so reviewing sites my take a while, I accept dooglus's endorsement of provably fair if he reviews your site before I do so.

Hey, we just started a user-driven wiki for Peerbet.org players:

http://peerbetwiki.3owl.com

Help us grow!
King regards
KgBC alias The Brain

Break-even point

In some games such as video poker, it is possible to compute an optimal playing strategy based on the frequency for each payoff versus the odds of hitting that payoff. Since the jackpot of a progressive video poker game is constantly growing, it eventually can reach a break-even point where the machine becomes a positive expectation bet for the player.

When the progressive jackpot is less than the break-even point, there is a negative expected value (house edge) for all players.

In the long run, with optimal strategy, a video poker player can make a profit, although the "long run" is generally longer than most people think. (Several tens of thousands of plays.)

It is worthwhile to note that a break-even point cannot be easily calculated on a slot machine game, because the payback percentage for the game is normally unknown to the player. The break-even point in video poker can be calculated because the payback percentage for the game is a function of the paybacks and odds of the poker hands, which is based on a standard 52 card deck. The return of a slot machine is based on the published paytable, but also on the normally unpublished reels. For a five reel slot machine, the player would need to know each symbol on each of the slot machine's five reels, in order to calculate the odds. For a three reel slot, the reels are normally weighted, and this would not be possible. However, in some circumstances the manufacturer may publish the payout of their machines.

Advantage play

Advantage players who only play when the progressive jackpot provides them with a positive expectation situation still generate revenue for the casino. This is a unique situation where the player has an advantage over the house, yet the casino is still making a profit from the player. This situation occurs because the bulk of the progressive jackpot has been bought and paid for by the other players' contributions to the jackpot.

Savvy gamblers sometimes organize teams of players to play machines where the progressive jackpots generate a positive expectation situation. Such teams often displace ordinary players, making the machines unavailable just when they are at their most interesting. Team members will often have cell phones and work in shifts, calling another teammate to replace them when they're ready for a break. Some casinos have a policy of "no team play", and will eject players suspected of playing in such teams.

Its easy with skill based games to feel like you're always making money, but you always lose eventually

3)  Beating sports - it is done by very few - and I mean very fucking few.  Google Billy Walters.  Google Haralobos Voulgarious Proly gotta spellcheck those.   These 2 kill it.  A handful of others beat it.  Millions claim to know their shit and lose each week.  

Sticky this.

What about a namecoin implementation of bitaddress.org ?
It would be very useful.

Hey guys, I can see this thread has brought up some touchy points.  This is not the martingale method as you 3x on loss not 2x.  Feel free to email me at blobsrs@gmail.com if you have any further questions.

After what happened with first bits, I'm not relying on something like that again.

3. Increase your odds:  Before doing your base bet, bet 1 satoshi unless you lose 3-4 in a row.  This will increase your odds of winning the next set of bets.

4. If you win your base bet, go back to betting 1 satoshi until you are on a losing streak.

5. If you lose your base bet, follow this formula to calculate the next amount to bet: (Previous Loss) * 3 = Next bet

You can buy .1 already. But I understand, you want everyone else to buy that as the minimum as well. I will take note of the suggestion, but I don't think I can implement that just yet. To most people, that's about $10 USD.

What we need is incentive to buy many tickets. Thus so far, we have the worm tickets and the volume tickets, and possible the repeat bettor. I'm still thinking about this one.

I've thought about that as well, financisto. I may add one to the site eventually, especially if the value of BTC drops a bit more. I've been mulling over the idea of adding a weekly 0.1 ticket drawing, but everything is still new and evolving. It's actually become a lottery now. Tomorrow night's jackpot is sitting at BTC8.3057. With tickets being unlimited, someone could still spend 1btc only they would receive 100 tickets instead of 1, while at the same time pretty much dominating the field. But as of right now, I don't think a BTC1 drawing would get much use. Thanks for the feedback, duder.