I like to introduce my website https://dicesites.com

On DiceSites.com there is:
- an overview of dice sites
- statistics of these websites (updated automatically every 15 mins)
- graphs to compare the websites
- provably fair verifiers for most popular dice sites
- more features later

Basically it should give you a way to compare dice sites without reading subjective reviews. And just checking out the activity of several dice sites.

Any feature requests or feedback is welcome. I personally still have a lot of ideas/plans too.

https://dicesites.com

BitDice only allows bigger investors to use leverage, so it wouldn't be possible with BTC1. Default is 1x kelly. But anyway:

With 10x kelly you could lose (10 * house edge) per roll if it was a max profit bet. So with BTC1 it would be 10 * 1% = 10% of BTC1 = BTC0.1  per roll, only if the bet is max. profit (currently BTC43.) Also if the player wins that bet, on the next max profit bet you would only lose 10% of your leftover BTC0.9 so BTC0.09. Etc.

The max profit (BTC43.84) bet is 1% of the "virtual bankroll" (BTC4384) and currently 43.84/971.758348*100 = 4.5% of the real bankroll. If everyone had 10x kelly the max. profit would be 10% of the real bankroll. 20% of the bankroll would be only possible if the house edge was 2% instead of 1% (and everyone was using 10x kelly) or if everyone had 20x kelly.

Yes. I already made that same conclusion before your "attack" at me:

I am not affiliated with PRC in any way, and even though I am a long-time investor there, I have serious interest to invest some at BitDice.

I have explained my reasoning very clear and made clear that I agree it is a great way to prevent the risk of a site admin running off with coins. I just said I think small investors should "enjoy" that same minimum risk. Is that really so crazy to suggest?

I know it's correct by math etc and I am not saying the two 10x investors are not really willing to invest a lot. I am just saying big investors only have to risk 10% of their potential invest funds on your site. And small investors 100% (and are actually forced to put relatively bigger amounts since the "virtual BR" is so big.) IMO that is not exactly fair, but nvm. I guess dooglus was right :X

I am sure your stats will be saved :p

Dump will be interesting, wondering how much GB it will be.

That would be their own decision though, and since you allow gambling too.. I assume you don't mind letting people risk losing their money :p It would be a problem if a big whale comes by and kills the max profit, but that would already happen now too. (probably worse if everyone has 10x though)

Yes, but now it only solves that problem for big investors and make small investors like me consider putting 5x more money than they are comfortable risking on the site. Personally I would probably not do it 10x but 5x btw. And if I would lose a big part of my initial investment I would really add some extra.

367.3924163495+28.6673326139 = 396 (around 394) seems to work out




Actually I am a bit surprised there are not that many investors. I might be the only/first one to bring this up, so perhaps it's not an issue for the other investors. In the end I don't care "that much", so not asking to change it just for me hehe. But I thought I would just bring it up as discussion point

1. Every strategy is losing in the long term.
2. Any sell of "earn quick money now -guide" is fake, since the author could earn much more money by just doing it instead of selling some guide.


So: either EV- or scam (also EV-)

So I invested 1 bitcoin and was wondering how much the "virtual 1x kelly bankroll" was. Since you need at least 100 bitcoins invested for the special 10x kelly and I know there was a guy with 300 on 10x - I kinda assumed he is the only one and the rest on 1x kelly.

So (x=BR of 1x investors, y=10x investor BR) with max profit:

x*0.01+y*0.1=45.120425
makes:
(45.120425-y*0.1)/0.01=x

And also for total BR:

957.952783 = x+y

With this you can solve it:

(45.120425-y*0.1)/0.01=957.952783-y
((45.120425-y*0.1)/0.01)+y=957.952783

y= 394.899
x= 957.952783-394.899 = 563.053783

So the 300 btc whale has 394.899 invested by now. And the "normal 1x kelly" investors 563.053783.

If I calculate my % of the BR that is given on the invest page:
1/0.00022272*1.005008 = 4512.42816092
The bankroll seems 4512 and 10x394.899+563.053783 is exactly 4512.043783. So the math works out fine and at least it looks like I am not being cheated



So basically the 10x whale gets 394.899*10/4512.42816092*100 = 87.5% of the profits (and losses) for having 394.899/957.952783*100 = 41.2% of the bankroll. Isn't that a bit silly?

The thing is AFAIK when the max profit in each bet is below 394.899*0.01+(394.899*0.01/0.875*0.125) = 4.51313142857 - even the 10x whale is not risking more than 1x kelly. Right? So even though he does get a relatively bigger share of the losses (and profits), kelly-wise he is only risking more than 1x when the bet is bigger than 4.5 BTC?

And I have 1.005008/957.952783*100 = 0.1049% of the bankroll, but get 5 times less: 1.005008/4512.42816092*100=0.022272% of the profits.


Just seems strange to me. Right now I am personally very tempted to invest 5 BTC instead of the 1 BTC that I would actually like to risk on this dice invest site. So it seems to me that the "10x solution so you guys know I won't scam" is actually pushing small investors to invest/risk more?

IMO it should:
- Let everyone invest on 0.5 - 10x kelly, instead of a 100 btc minimum limit?
- Share the profits on 1x kelly based share of bankroll, and only give more to 10x kelly investors in case the bet was not covered by 1x kelly max bet. (But this does not really have the advantage of not risking too much on the site, I think? Only advantage of bigger max profit?)

What ya guys think?

Ps, I never read much into the kelly criterion, if I misunderstand something, pls correct me

No. They do not support Doge. His question was specific for Doge.

Personally I would exchange it for BTC and invest it back at PRC but have a look at http://dicesites.com for alternatives.

I created a "2FA modification for SMF 1.1.19" some time ago. And was hoping other people could test it before implementing it to bitcointalk:

https://bitcointalk.org/index.php?topic=364307.msg7733979#msg7733979

Adding the modification to SMF is very easy to do.

I personally only still had to try if the "default SMF multiple login tries method" was sufficient against brute-forcing. But perhaps I can do this any time soon so theymos can really use it for the forum. Theymos did reply quickly to me and already gave me some feedback, but he is also hoping the public can audit my code to make sure it's secure.

Yeh, but even if you start with a few satoshis you can beat the system to double that, and .. double that, and .. double that, before you know it you are rich ?

Yeh, probably can win all the bankrolls of all sites. That must be at least 10K bitcoins. Niiiiiiice.

Never mind the bounty ! You are invited on PRC to win the whole bankroll of 1,718 bitcoins ! Isn't that much better? You gonna be rich mate.

As an investor at PRC I would like to invite you to beat www.prcdice.eu You can do all the pattern-betting you want and win hundreds of bitcoins(!) since you never lose good luck.

Yeh Win88 is already listed and I thought it were specific Dice stats, but it seems like it's not so I will probably slightly adjust that, thanks.

Nope You are right that most "review sites" actually just let casinos pay and make a nice review based on that.

I think that's idiotic, so I wanted to do the opposite of that and don't put any subjective things on my site and just list numbers/statistics and let the visitors check it out.

But to your question: at this moment I add a dice site as soon as it seems relevant enough for the community. So a new site that has 10 BTC wagered is not really relevant for the community just yet. I would add any popular and on-chain (for now) dice site. AFAIK the current list are the most popular websites. There might be a few exemptions like fortunejack.com. I would actually like to add fortunejack.com but they only seem to list "overall casino statistics" and not "specific dice statistics". That's why I didn't add them yet. I am always open for suggestions too.

You can check several dice sites and the activity on my site: www.dicesites.com

Yeh, I also had it on my server with cURL a few weeks ago so I highly doubt its a "user problem". I just changed https to http since I was not sending sensitive information. But obviously as a player that is no solution.

Yeh it's that DD4BC guy - https://bitcointalk.org/index.php?action=trust;u=353891 - attacks "all" bitcoin sites (gambling, exchanges, mining pools, etc.) and there is actually a 100 BTC bounty on his head for his conviction. And I assume PD was down earlier because of the same guy DDoSing.