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861  Economy / Gambling / Re: ★ FastSlots ★ A NEW WAY TO GAMBLE ★ on: March 23, 2015, 12:11:08 AM
Hello Henry, I cant seems to understand how is this chartbet game

It seems like when I didnt buy the "stocks" or whatever it is called, it seems the chart is being stagnan, and when i have buy it, the tendency of falling is greater than rise, it can be falling for almost entire my bankroll ( which is the free balance ) does this means that if i have a btc in my bankroll and the chart keep on falling will my 1 btc be consumed in the end?

That's extremely unlikely. Well, where you playing yellow, red, or purple? If purple was the answer, there's not much to complain about. I once deposited 0.01 and cashed out 0.1, because the chart flew up really high. Sometimes it goes really far down too.

The game is provably fair, it's not rigged at all. But when playing purple, it might feel that way.

I think you misread my post , im just saying it has the tendency of falling and im not saying it was rigged because i knew it wasnt and there is actually a seed hash that can be verify with provably fair system, all I asked is that if i got 1 btc in my bankroll and the tendency of the chart is falling, will it eat up my entire balance?


Hi Shulio,

I have a short answer and a long answer for you. The sort(er) answer: Like in any gambling game, on the long term (talking hours to days of play) you will lose, because there is a house edge that is greater than 0. In the short run it depends on your luck: if you get lucky you will win, if you are unlucky you will use. In respect to your chances of winning Chart Bet is like any other gambling game. Actually your chances of winning on Chart Bet are higher than in almost any other game because the house edge is so low (just 0.2%).


The longer answer: The way the charts move is independent of whether you have bought the stock or not, or whether you have deposited or not. You can check this very easily: When you click on 'verify' in the bottom section of the page you can see the exact code we are using to determine the change of the stock from the server secret or the client secret. Even if you are not a programmer you can see that the code is always the same, not matter if you have bought or not.

The difference between the three charts is only their volatility: the yellow one is relatively stable, the red one is sort of "medium-stable", and the purple one fluctuates the most.

Here is how we compute the change for each chart: from the server secret and the client secret we first compute a positive number the determines the rate of change for a chart. Then, exactly like in a dice game, we compute a second number that determines whether the change will be upwards or downwards. On every update of a chart, the chance that the chart will rise is 0.2% lower than that it will fall. So you are right, each chart has a very small tendency to go downwards, this is how we make money.

I really need to try to write this up in the clearest way possible and add it to the website. Will try to get this done by tomorrow evening. Thanks for asking and please ask for clarification if this was too incomprehensible Smiley




862  Economy / Gambling / Re: ★ FastSlots ★ A NEW WAY TO GAMBLE ★ on: March 22, 2015, 07:23:35 PM
Thanks a lot to the good guys at MyCoinReview for adding us for free. Great selection of sites by the way: bit-x, coinroyal, primedice, luckybit, and FastSlots. :-)




863  Economy / Gambling / Re: ★ FastSlots ★ A NEW WAY TO GAMBLE ★ on: March 22, 2015, 07:03:57 PM
Finally, a chat! FastSlots is moving forward so quickly!

I think tipping would be nice, as well as ignoring spammers. I like simple, not complex Tongue

Hi ansar! Tipping is a great idea. We will not have it at launch but will surely add it at some point...


Wow that chat looks fantastic! I really like the placement of it, it doesn't move away or take any attention away from any other elements of the site and the color coordination and design of it is very nice. Good job

Thanks mate! I think it's important that the chat is quite close to the betting area so that it's easy to chat and play at the same time. Super happy you like how it looks :-)
864  Economy / Gambling / Re: ★ FastSlots ★ A NEW WAY TO GAMBLE ★ on: March 22, 2015, 05:51:37 PM
Hey guys,

Sorry for missing your comments. Spent the day working on the chat. Will now answer you one by one...

Thanks FastSlots i received the 0.02 btc. i played charts for a awhile and withdrew my balance, withdrawal was instant. Grin

Thanks for posting this. And congrats again, well deserved!

Loved this game just one thing i didn't find good is the colour combination otherwise site is awesome,fast as its name defines, addictive
i was lost in playing the chart.
nice site registered on the site to play in future username kepo07
  ~KP

Hey kepo07. I'm happy you like the site! Sorry to hear you lost though. At least you can rest assured that we are investing every satoshi you lose into better design, sound, new games, etc... Haven't started saving for that private jet yet Wink

Yea I haven't had luck with the chart thing as well. I played 5 times and I got the bad one every single time, I think I am missing something. Color combination I find is very pretty and nice to be on

Hi funtotry, I don't think you are missing something. To be honest, it's just a game of luck. Chart Bet is really just a dice game with a different user interface...

Yea good idea, the reasoning is that lets say theres 15 users online. Likely not all of them will be chatting, and there is multiple different games, splitting the users to chatboxes for each game and therefore each chatbox would be very empty and only 1 or 2 people max on each one.

I absolutely agree. From my experience only a single digit percentage of visitors on a website are active in some way or another. So you really need some sizable traffic to get a chat going. Your suggestion of having a single chat for all pages combined is really important.

Also wanted to give you guys a first look at the upcoming chat (see screenshot below). If you have any feedback, would be great to hear it, cause it's easiest to change stuff while I'm working on it...





 
865  Economy / Games and rounds / Re: ★ FastSlots ★ A NEW WAY TO GAMBLE ★ on: March 21, 2015, 09:32:30 PM
this should honestly just be in the gambling section and not games and round

Hey Steveds, I'm not sure what the right thing to do is to be honest, forum etiquette seems to be a complex topic. I had reached out to a mod before I started this thread and he said that it would be ok, so I was planning to go with that...
866  Economy / Games and rounds / Re: ★ FastSlots Giveaway ★ 0.0005 BTC to members and above ★ on: March 21, 2015, 09:20:00 PM
username steveds

Hi steveds, just updated your account. Good luck!
867  Economy / Gambling / Re: ★ FastSlots ★ JUST 2 HOURS LEFT IN WINNING STREAK COMPETITION ★ WIN 0.1 BTC ★ on: March 21, 2015, 09:18:28 PM
thx admin , received the winning for the competition  Wink
Congrats, are you gonna withdraw it or gamble it and try to earn even more Wink
Good luck if you do!
thx funtotry  Wink . im gonna tryout other games in there . waiting for admin , any competition on going . good luck to you too .
I recommend bonusdice, its a lot of fun, you play dice regularely but theres a chance of getting a much bigger payout. Thats my favorite game on the site and I think its the most unique and original game there. Provably fair slots is also very good because of its attractive house edge.
thx for ur recommendation . all games seems good in there . hope u gain some profit from it  Wink

Hey funtotry and somuchee! It's always great to hear which games you like and which you do not cause this gives us guidance as to which games to build next. Our next game will be a completely new category :-). But before we launch that, we'll finally have a chat, hopefully very soon.

Just for the record, I have been in touch with Lite and payed out his win. I'm really happy with how this competition went, but I think there are still many things to improve. I'll all of you for advice before we launch the next competition in order to make it more fun for you :-)


Chat should be global, not per game, because if you seperate each users to per game chat it would get very empty since we are all split up. I am excited to see the new game

Ok, note taken, the chat will be global :-)
868  Economy / Gambling / Re: ★ FastSlots ★ JUST 2 HOURS LEFT IN WINNING STREAK COMPETITION ★ WIN 0.1 BTC ★ on: March 21, 2015, 01:50:21 PM
thx admin , received the winning for the competition  Wink
Congrats, are you gonna withdraw it or gamble it and try to earn even more Wink
Good luck if you do!
thx funtotry  Wink . im gonna tryout other games in there . waiting for admin , any competition on going . good luck to you too .
I recommend bonusdice, its a lot of fun, you play dice regularely but theres a chance of getting a much bigger payout. Thats my favorite game on the site and I think its the most unique and original game there. Provably fair slots is also very good because of its attractive house edge.
thx for ur recommendation . all games seems good in there . hope u gain some profit from it  Wink

Hey funtotry and somuchee! It's always great to hear which games you like and which you do not cause this gives us guidance as to which games to build next. Our next game will be a completely new category :-). But before we launch that, we'll finally have a chat, hopefully very soon.

Just for the record, I have been in touch with Lite and payed out his win. I'm really happy with how this competition went, but I think there are still many things to improve. I'll all of you for advice before we launch the next competition in order to make it more fun for you :-)

869  Economy / Games and rounds / Re: ★ FastSlots ★ A NEW WAY TO GAMBLE ★ on: March 21, 2015, 01:36:07 PM




The "LONGEST DOUBLE OR NOTHING WINNING STREAK IN HISTORY" competition has come to an end. Congratulations to the winners (see above). We will have a new competition soon. If you have any wishes or ideas for a competition, just let us know.

870  Economy / Games and rounds / Re: ★ FastSlots Giveaway ★ 0.0005 BTC to members and above ★ on: March 21, 2015, 01:28:43 PM
Hello
User : moisaid
Thank you
Good luck

Hey Moisaid, welcome to FastSlots! Your account has been updated :-)
871  Economy / Gambling / Re: ★ FastSlots ★ JUST 2 HOURS LEFT IN WINNING STREAK COMPETITION ★ WIN 0.1 BTC ★ on: March 21, 2015, 02:42:13 AM




thx admin , received the winning for the competition  Wink

Congratulations Somuchee! You are both our number 1 and number 2 winner! You win is well deserved :-)

More congratulations go out to user Lite who has made a very respectable 3. position. Please send me your FastSlots username by pm so that I can book your winnings.
872  Economy / Gambling / Re: ★ FastSlots ★ JUST 2 HOURS LEFT IN WINNING STREAK COMPETITION ★ WIN 0.1 BTC ★ on: March 20, 2015, 10:11:51 PM

Our very first competition is about to come to an end. In exactly (well almost) 2 hours we will announce the winners. So far Somuchee and Lite are in a very good position, but if you get in a streak now, they'll have very little time to react!

Will be posting the final leaderboard in two hours and will update the winners accounts immediately after. Good luck everybody!
I think I am going to have to pass, keep trying and could not hit a streak higher than 5. Not very lucky... Congrats to the winners

I'm not gonna lye, it is quite hard at this point. The chances of hitting such a streak in the next hand are at about 1 to 2^10 so thats under 1 to 1000. If you're feeling lucky you might want to give it a try but the only realistic option at this point is to use a very small bet size (min bet size to qualify is 0.00001btc).
873  Economy / Gambling / Re: ★ FastSlots ★ JUST 2 HOURS LEFT IN WINNING STREAK COMPETITION ★ WIN 0.1 BTC ★ on: March 20, 2015, 10:04:49 PM

Our very first competition is about to come to an end. In exactly (well almost) 2 hours we will announce the winners. So far Somuchee and Lite are in a very good position, but if you get in a streak now, they'll have very little time to react!

Will be posting the final leaderboard in two hours and will update the winners accounts immediately after. Good luck everybody!
874  Economy / Games and rounds / Re: ★ FastSlots Giveaway ★ 0.0005 BTC to members and above ★ on: March 20, 2015, 09:42:05 PM
Hey, how about me?

Hey cryptocrypt! Of course. Just send me your FastSlots username and I can get you sorted.
875  Economy / Gambling / Re: ★ FastSlots ★ JUST 3 DAYS LEFT IN WINNING STREAK COMPETITION ★ WIN 0.1 BTC ★ on: March 20, 2015, 07:34:52 PM
Ok, have now read all the comments, and luckily almost everything relevant has been said already, so I'm not going to repeat it. Still I want to answer some of the posts.

save your time, I think he finally understand it and it was his mistakes that he lost and he wanted to share his experience, he doesnt even know about provably fair, but it seems like now he do and he will stop posting about this

This might be the best comment made so far. Thank you also for defending my position while I was away. I basically support everything you said.


Should not have given him anything. You are a reputable enough casino and people were standing up for you. All you had to do was stand up for yourself as well, but now you've shown that all people have to do is bitch after they lose and call you scam and you'll give their money back. This is gambling. The site is provably fair. They don't get a penny back!

Hey Droganson, thanks for your comment. Sorry to have missed it previously (thanks to MarkMJ for pointing that out). I guess you are right, I was trying to be too nice. I can say for the future that nobody will ever get a refund for accusing us. The reason I gave MarkMJ a refund was not because of the accusations, but because his first loosing streak (the one before the refund) was really quite brutal. To be clear: it was 100% fair, every single bet can be verified. But sometimes a loosing streak can just be very bad. We really try to treat all players well, evne if they get a bit emotional.

MarkMJ, I think we are both ready to let go of this topic. I think you had no bad intentions and can understand your anger after the loosing streak.


As Shulio has pointed out, I think the underlying issue might have to do with some misconceptions about the notions of provable fairness and house edge (had noticed that many people have issues with these concepts when reading a related discussion on Reddit). Will see if I can write up some blog posts to try to clarify.

One last point: So far I have been amazed by the people in this forum. The amount of support and high quality actionable advice I have received here is just amazing. Droganson's and Shulio's comments are great examples for this. I really appreciate the support and feedback and would really like to thank everybody for that.

876  Economy / Gambling / Re: ★ FastSlots ★ JUST 3 DAYS LEFT IN WINNING STREAK COMPETITION ★ WIN 0.1 BTC ★ on: March 20, 2015, 06:54:45 PM
Ok, turns out all is well. I'm guessing the increase in traffic is due to this discussion here. Server is back up (with some design updates in fact). Will now reply to the discussion below.

Sorry for the interruption in service, I really try to be on the safe side in all things security related.
877  Economy / Gambling / Re: ★ FastSlots ★ JUST 3 DAYS LEFT IN WINNING STREAK COMPETITION ★ WIN 0.1 BTC ★ on: March 20, 2015, 05:51:11 PM
We might currently be under some sort of ddos attack (traffic at 20x the normal rate). I'm going to take the site offline until the issue is resolved.

Nothing bad has happened, but as a precaution I'm gonna take the site offline for now. Anyone willing to withdraw can do so by posting to this thread, or emailing me at henry@fastslots.co.

I'm really sorry for the interruption of service.
878  Economy / Gambling / Re: ★ FastSlots ★ JUST 3 DAYS LEFT IN WINNING STREAK COMPETITION ★ WIN 0.1 BTC ★ on: March 20, 2015, 05:20:23 PM
Hi guys. I've been away from my desk for a bit and just found your comments. Will now read them carefully and post a reply as soon as I have ordered my thoughts on the matter.
879  Economy / Games and rounds / Re: ★ FastSlots ★ ONLY 3 DAYS LEFT IN THE WINNIG COMPETITION ★ WIN 0.1 BTC ★ on: March 20, 2015, 03:17:42 PM


Just a quick reminder that our Double or Nothing competition ends in less than 9 hours (today, 23.55pm GMT). Get your winning streak in to qualify for a prize.


1. Prize: 0.1 bitcoin
2. Prize: 0.04 bitcoin
3. Prize: 0.02 bitcoin


We also have 0.3 bitcoin up for grabs in the high roller competition. If you get a streak in now you are very likely to walk away with the money so get going now.
880  Economy / Gambling / Re: ★ FastSlots ★ JUST 3 DAYS LEFT IN WINNING STREAK COMPETITION ★ WIN 0.1 BTC ★ on: March 20, 2015, 03:16:55 PM


Just a quick reminder that our Double or Nothing competition ends in less than 9 hours (today, 23.55pm GMT). Get your winning streak in to qualify for a prize.


1. Prize: 0.1 bitcoin
2. Prize: 0.04 bitcoin
3. Prize: 0.02 bitcoin


We also have 0.3 bitcoin up for grabs in the high roller competition. If you get a streak in now you are very likely to walk away with the money so get going now.
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