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1  Economy / Gambling / Re: bustabit – The original crash game on: November 10, 2019, 03:15:42 PM
Within a month I’ve been trying to develop a strategy for earning money on BaB, but nothing good has come of it. It turns out to make an algorithm that can work 5 hours bringing a plus, then 5 hours nothing, and then go to minus, this is the best script I have made. If anyone knows the grail, give a hint where to dig.

Invest in the site's bankroll or start your own site if you have the means, i.e. stop gambling, these are your moneymaking grails.
In fact I'm already close to finding the Grail, the answer to how to play lies on the surface, just no one is looking for easy ways and come up with something more complex, such as strategies with averages and medians. You can start the game after the crash below 1.13x. Judging by the history, trains below 1.27x are quite rare; you can earn bits in between this trains. Immediately after the crash 1.13, start the game with a doubling and Cashout at 1.27x.

my god man, what part of random don't you understand? there are no strategies.
2  Economy / Gambling / Re: bustabit – The original crash game on: November 07, 2019, 06:44:32 PM
Everything your asking about is the Terms of Service or can be deduced by perusing it: https://www.bustabit.com/tos



Ah, thanks. Curacao, interesting.
3  Economy / Gambling / Re: bustabit – The original crash game on: November 07, 2019, 04:07:33 PM
So the bustabit bankroll seems like an interesting place to potentially park some BTC. I'd like to understand the regulatory risks, by which I mean the risk that assets invested with bustabit are seized by authorities. No information about this is really provided on the site. What country is bustabit run from and does it have whatever licenses etc are required to run an online gambling enterprise?
4  Economy / Gambling / Re: bustabit – The original crash game on: November 05, 2019, 06:36:12 PM
And just curious...if bots were the problem why not just disable the scripting system?

It'd be a good solution if it worked. But in reality i think it'd be be a nightmare. Disabling the scripting system itself would really do nothing (advanced bot writers can easily hookin without an official API easily). So you'd basically have to constantly be finding bots and banning them. It'd be an arms race that you'd always be on the losing end of, I think.

At least personally, I prefer the idea of games where you say "do what ever you want, there's no such thing as cheating". Although I know poker sites have a cheatable game, and most of the popular ones seem to do a good job at policing it.

I do think there's a big market for a very pvp oriented version of bustabit. At least that way players would no longer be ignoring the bonuses, so bots wouldn't have such an easy time raking it in.

I figured as much. It did end up self-regulating a bit in the end...it became very hard to snipe bonuses once others (bots) were trying to do the same. Agreed that it's best to go all or nothing in terms of what's allowed.
5  Economy / Gambling / Re: bustabit – The original crash game on: November 05, 2019, 01:54:30 PM
Ryan,
Are there any bustabit clones out there still using the original bonus system?

I had a bot or two back a couple years ago that did quite well sniping bonuses, at least until others caught on. Sad to see the current bustabit has dropped the bonus system.

No high volume ones, i don't think. I'd just check out bustabit.com/license.txt and go through sites listed there and see if any of them look interesting.


The bonus system was kind of neat, but the state-of-the-art bonus-bots just became so good, that it was really impossible for a casual player (or coder!) to really compete against.

--

On a side note, it sounds pretty lame -- but one thing I think could be fun for pvp gambling would be large series of rock-paper-scissors against a single opponent. The only non-exploitable strategy in rock-paper-scissors is by playing purely randomly, but that is guaranteed to have no expected profit for either player. (So if someone is being lame and playing randomly, you could detect that and stop playing with them after a while). I think it could potentially be a fun pvp game, where the complexity is such it's be accessible both people and bots.   (Although really hard to know without having built such a thing to try it out)

Did you come up with the bonus system whole cloth? I thought it was pretty damn clever. And because of it, sort of like playing poker in a casino, the house would always win overall but as a single player it was possible to be +EV.

And just curious...if bots were the problem why not just disable the scripting system?
6  Economy / Gambling / Re: bustabit – The original crash game on: November 04, 2019, 11:41:49 PM
I think if given the choice I would rather not be included in bets of say of over 5 btc. Smaller bets spread out the risk, I am not a gambler as such myself and I am relying on the house edge over many bets to slowly net a profit, I wouldn't 'all in' this btc on a bet I had slightly more than 50% chance of winning. I don't think I should be judged so harshly for not wanting my investment here to be so volatile. I have been happy with bustabit and I think daniel has done a great job, I just don't want to wake up rekt by whales if something similar happens again with the max bet so high. I have divested now, good luck with the site.


If your invested funds were only used for lots of low-risk bets, then Daniel would have absolutely no reason to even take your money Tongue Pretty much the only reason that bankroll investing even exists is because the site owner doesn't want to take the risk/variance themselves, so they give it to investors in exchange for some of the EV.

Unfortunately there's no free-lunch, and the sites that promise such (e.g. "bitcoin doublers") tend to be scams. But I think you did the right thing by divesting.

I think the good rule of thumb for bankroll investing, is never put more in than you're comfortable losing. It's been a long time since i've done it, but with a full-kelly of risk, my "angry whale" simulations show that the vast majority (like 80%???) of times an angry whale (someone with a lot more money than the site itself has, and determined to fuck the site) will be able to cause the site to lose >50% of the bankroll (the other 20% of the time, investors do extraordinarily well though Grin).

But yeah, the part that's quite unfortunate is that there's not always so much action. So you kind of get used to (and expect) the low volatility, and then a whale comes and drastically alters everything.

Ryan,
Are there any bustabit clones out there still using the original bonus system?

I had a bot or two back a couple years ago that did quite well sniping bonuses, at least until others caught on. Sad to see the current bustabit has dropped the bonus system.

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