crazy how close the prediction was.  is there an updated chart?

is this site even being updated?  who can we contact to get stuff updated here?

Exactly.  Wikipedia has a good gif demonstration of this.  I edited my previous answer a little bit.  but same thinking.

Actually, Both options are the same.  JD for BTC and JD for Clams both have a 1% edge.  Just because one is underperforming, and one is overperforming has no impact on future performance.  One can't say that because it is at 0.3%, that the site will have a >1.0% in the future.  It still has 1% in the future.

yes, it might rise up to get to the 1% total in the long run,

But that doenst mean that you as an investor will earn MORE than 1% of wagered in the long run.

Just because it is underperforming, doesnt mean that it'll quickly catch up..  wow this is really hard to explain.

These two are theoretically the same if you look at this from an infinite time range. (super long term)   In the short term, there will definitely be differences between these two methods.

Another way to look at it is that Dean currently taking 25% of profit.  (but he's taking it risk-free on wagered, which is way better than only taking it on house profits)

I understand Dean's move as he was interested in selling the site all together if the bid/buyer was right.  I hope this bodes well for new entrants into the crowdfunded casino space.  I'm actually working on a new casino with a brand new game that will be crowdfunded.  Details coming soon.  Hope there are still lots of interested investors looking for a new game and trusted place to store their coins.

a bitcoin casino, like any business can go bankrupt.  it'll be up to the operator to manage its risks and to make sure that it has enough revenue/profit to cover costs.

were you ever able to do anything about the 2nd user that had stolen from you?  It seems like you had even more specific information about the user and was going to open up legal recourse.

Would love to hear if there are any updates there.

Not only do you have to make sure that the site is provably fair, you have to make sure that the site is fairly random.  How is this site coming up with the results?  Are you sure the results are 100% unbiased?

Not sure if you're talking about the 2nd method here (nonceless), but i would find this system provably, but not fair.  As, it could be possible that the user does not update his client seed while the serverseed will update after every bet.  If the operator is unscrupulous, he could take advantage of the users that don't change their client seed as often, and find a serverseed pair that will have an advantage, assuming that the user does not change his betting % or hi/lo option.

of course this would require some work on the operator's part as well as some added technical knowhow, but i could see something like this being done.

lets hope this doesn't turn into another shitshow like dicebitcoin and dice.ninja

54 at 49.5% is quite a lot.  you probably hold a world record or something special for that streak.


If the site has 1btc bankroll, they they probably only allow max profits of 0.01 per bet (1%)  Thats at a maximum.  At just-dice, you would only be allowed 0.005 max profit (0.5%).  Also, the max bet would also depend on the bankroll size, as the % stays the same.  This would make it more difficult that you will eat away at the sites bankroll too much, even by playing martingale.  But it is still possible to eat a lot of it. (maybe 25-50%?)

Lol, thats actually a good point.  A lot of available bots out there, and you'll never know if you're playing against one.  I would assume sites like this would get their userbase burned out unless the site had a really good way of matching opponents together (but i dont really see that as a viable option as most users want to remain anonymous)

good luck with your venture.  more information would be helpful as you progress!

ah i totally misremembered the win streak.  the spread is a lot closer than i had originally thought.

interesting to see someone do this. would love to see if traffic jumped up and if the house was on the right side of lucky.


i dont think bitcoin casino's or online casinos will ever go to 0%.  Its just a bad business practice.  Zynga gaming and real-gaming are completely different experiences, and they work with very different markets.  We'll see other innovations in the market, but a race to 0% is not feasible.

Assuming that you have lots of players that each bet at variable sizes, then with 0% house edge, the house should expect to make nothing.

if you have players betting at max limit, over the long run, you still expect to be even.

If you have players that use martingale, over the long run, you'll expect to have players that win streaks that last until max bet, and you'll have players that lose streaks until max bet.

As the house, you might even get unlucky as some people do reverse martingale on you and win until the max bet.

In the end, as the house, you still expect to make 0 profits at 0% house edge.  NO MATTER HOW THE PLAYERS BET.

PD has or used to have PvP dice. not sure what state it's in now.  didnt seem very fun.  i would assume that sooner or later, the house would invoke a "rake" on it to monetize it somehow.  Unless it was a real source of traffic for the site (then you just cover the cost as marketing)

so i assume you guys aren't making any money off the PvP bets?  where does your rake come into play then?

before JD shut down the first time, Doog did some stats on longest losing and winning streak at 49.5%.

I believe loses was as big as 32 in a row, and wins was 19 or 20..  i'm not 100% sure of the stats. its in the old JD thread somewhere.

Remember that this isnt simple 50/50.  at 49.5/50.5, the max loss streaks will be longer than the max win streaks.  (thus you can see the house edge in action, sortof)

Fees and house edge are quite different things all together.