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1  Economy / Gambling / Re: satoshiseleven.com - new gambling site on: October 06, 2012, 12:40:03 PM

that's strange :/
you can circumvent the dns by going directly to http://193.107.19.87

concerning a question i got by mail (from "Arturo"):
no, the last player does not have an unfair advantage since he can't manipulate his EV
he can (and that's the nerve-stretching part Wink ) manipulate his deviation from the expected value by increasing his chances by riskng more than the others
the ev is always the same!

but i see your point that players do not have much of an incentive to bet early!
to solve this i will make a script that bets every hour or so 0,1BTC to keep the games going


2  Economy / Gambling / Re: satoshiseleven.com - new gambling site on: September 30, 2012, 07:43:13 PM
only 3 tickets remain, go go go Smiley
3  Economy / Gambling / Re: satoshiseleven.com - new gambling site on: September 30, 2012, 07:03:17 PM
the first game Satoshis11 has an EV of -1.5% (1% rake and 0.5% go into the bonus jackpot)

the second game Satoshis111 has an EV that is between  -1% (no bonus bets) and +X% (because the bonus bets from satoshis11 play with only 25% of normal winning chance)
4  Economy / Gambling / satoshiseleven.com - new gambling site on: September 30, 2012, 06:12:27 PM
Hello

I launched a new BitCoin gambling site and here are the key facts:

http://www.satoshiseleven.com

- players play against each other
- players throw money into the pot and one of them wins
- chance of winning the pot = pot equity
- two game modes (11 players and 111 players)
- huge pots (i hope Smiley ) and attractive bonuses
- verifiable and fair (blockchain, secret keys and stuff)
- very small rake

please check it out and tell me what you think

regards
Sat0shiseleven
5  Other / Off-topic / Re: Let's Count to 21 Million with Images on: September 30, 2012, 02:50:35 PM
6  Other / Beginners & Help / Re: new blockchain gambling site satoshiseleven.com on: September 30, 2012, 02:46:14 PM
i added more explanations about EV to the FAQ

btw. total betting volume is now over 10BTC! Yay! Smiley
7  Other / Beginners & Help / Re: new blockchain gambling site satoshiseleven.com on: September 30, 2012, 02:02:39 PM
an additional 0.5% goes into a progressive bonus jackpot game called "satoshis111" which has 111 players instead of 11 and you can achieve positive expected value because of the bonus!!!

This is an obviously false statement.  The jackpot is paid by a 0.5% reduction in the "normal" payout.  The game is negative expectation.  Then again all gambling games with house advantage are negative expectation.  You don't need to lie or mislead customers, people using the site are expecting to gamble not invest. Wink



no its not if you play only Satoshis111

the bonus bets play with only 25% winning chance compared to normal bets
its possible to achieve (small) positive EV if the bonus is big enough

the first game (Satoshis11) has always a small negative EV, that is true

i should have mentioned this, will add this to the FAQ
8  Other / Beginners & Help / Re: our new gambling site satoshiseleven.com on: September 30, 2012, 01:44:55 PM
Took a look at the site today, looks very nice, congats.  Grin

thanks
9  Other / Beginners & Help / Re: our new gambling site satoshiseleven.com on: September 30, 2012, 12:47:49 AM
Great website, what's the secret keys about?

these keys make it impossible to cheat, i explained it in the faq

So the secret key id shown on the front page is the reference to the precomputed random characters used to seleect the winner. which is shown 24 hours after the draw?

yes Smiley

the published keys are at http://satoshiseleven.com/?lang=en&goto=hashkeys
i published the hashes of the precomputed keys (for the next 10 Years) here: https://raw.github.com/sat11/sat11_keyhashes/master/README.md
first number is the id, then the sha512 hash of the secret key and then the time interval of the particular key
10  Other / Beginners & Help / Re: our new gambling site satoshiseleven.com on: September 29, 2012, 11:50:14 PM
Great website, what's the secret keys about?

these keys make it impossible to cheat, i explained it in the faq
11  Other / Beginners & Help / Re: our new gambling site satoshiseleven.com on: September 29, 2012, 03:27:41 PM
thank you

it's my first non-trivial site and i'm soo excited Grin Grin Grin
12  Other / Beginners & Help / Re: our new gambling site satoshiseleven.com on: September 29, 2012, 01:16:33 PM
site is online again

should have taken more time for server configuration :/
13  Other / Beginners & Help / Re: our new gambling site satoshiseleven.com on: September 29, 2012, 11:22:34 AM
everything worked in local mode and after deployment

but suddenly the server stopped talking to the bitcoin client
i'm debugging now and i feel so embarassed

yeah probably not the best start in the history of bitcoins Tongue
14  Other / Beginners & Help / Re: our new gambling site satoshiseleven.com on: September 29, 2012, 12:20:24 AM
Server Status: ONLINE
15  Other / Beginners & Help / Re: [POLL] Barack Obama Vs. Mitt Romney 2012 US presidential elections on: September 28, 2012, 11:32:46 PM
obama because its the lesser evil
16  Other / Beginners & Help / new blockchain gambling site satoshiseleven.com on: September 28, 2012, 11:24:45 PM
we proudly present our new gambling site satoshiseleven.com

http://www.satoshiseleven.com

the game is simple: 11 players throw money into the pot and one of them wins!

Your chance to win equals your pot equity, the more you bet the bigger your chances!

no account needed - we send the prize money to the bitcoin address you made your bet from

it is transparent and verifiable (like satoshidice which we are really huge fans of Smiley

we take 1% rake from each pot and an additional 0.5% goes into a progressive bonus jackpot game called "satoshis111" which has 111 players instead of 11 and you can achieve positive expected value because of the bonus!!!

please check out the faq if you have any questions or ask us directly

we are very interested in your opinion

have fun!
Satoshiseleven
17  Other / Beginners & Help / Re: Why did you get into bitcoin? on: September 27, 2012, 09:29:21 PM
i am a nerd
i like money
i love freedom

18  Other / Beginners & Help / Re: Nightmare! SatoshiDice = bad. on: September 27, 2012, 09:19:41 PM
gambling is not evil, it is just a hobby for most people and its fun!!!

you just need to know your limit and when to quit Smiley
19  Other / Beginners & Help / Re: Newbie restrictions on: September 25, 2012, 04:05:36 PM
i am a passive user in this forum for months
and what do i get as reward for not barking rubbish all day long?

newbie status and posting restrictions

nice policy, thumbs up Smiley
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