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Author Topic: Gambling before provably fair.  (Read 1924 times)
Twipple
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July 09, 2015, 09:27:05 PM
 #21

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If you lose, wouldn't you like to know beyond a doubt that you fairly lost? Know if you were unlucky or fleeced. That's what provably fair allows you to do.




Provably fair does not necessarily mean provably fair.  Roll Eyes

When it comes to anonymous cyrpto currency in an unregulated gambling market, I'd expect numerous operators to pull every trick in the book to screw over people.


For example:

http://www.reddit.com/r/Bitcoin/comments/1frm4x/provably_fair_by_bitzino_not_provable_with/

If something isn't provably fair or if people do manage to figure out problems with the PVF system then once thats out, the site loses on a lot of players . People should always do their research before blindly trying out a new site. I doubt reputed site operators would pull any trick in the book just to cheat people , they would actually be losing a large chunk of their revenue by being fair.


"I doubt reputed site operators would pull any trick in the book to cheap people"

This statement has been proven UNTRUE time and time again over the past decade...from small time operators like BLR technologies to regulated UK gaming companies..."irreglarites" have been FOUND ALWAYS resulting in the house getting an advantage above average.


Do not believe that just because a site publishes a "provably fair" system then that is all there is to it, if they want to cheat they will cheat you. That reddit thread just details a FEW ways a provably fair system can give you VERIFIED fair results and still have cheated you, I'm sure they dozens of more ways.


Point being, I trust software such as Netent or Playtech(both of which are not provably fair) more then any bitcoin casino flashing a provably fair badge...

 Cool

Not that I blindly trust a reputed site, but it is still avoidable to be cheated if you were to know the ways they could cheat . An example of this would be Nitrogensports . Their blackjack is claimed to be rigged by many , even though its provably fair its highly likely that their default seeds make the dealer hit close to 21 more than the player. If you are really worried about provably fair then the best thing to do would be go play live or play on a site which offers live betting.

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July 09, 2015, 10:43:48 PM
 #22

There are lots of not provably fair games around, it is not that hard to find them.

And even provably fair systems are open to abuse. Only way to be sure is go for live casinos or use sportbooks
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July 09, 2015, 10:52:42 PM
 #23

Well I remember the first bitcoin dice was satoshidice wich was the first
blockchain spam in the bitcoin network.(0 conf policy).
It supported provably fair as far as I remember.
So it was one of the first things bitcoin brought there.
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July 10, 2015, 03:21:46 AM
 #24

When I started BTC Gambling the provably fair system was already there and the sites I used to play at that time were PD and JD. Before that the online gambling I did was with Texas Hold'em Poker only (no casino/dice games) and I use to play it at 888's Pacific Poker. So it was only after that I was introduced to BTC and Bitcoin gambling, I learned about provably fair system.

I guess there might have been a few casinos in the start which weren't provably fair but as with all of them the sites which aren't transparent with their ways don't last too long and they must have got replaced with the ones which offer ways for players to verify their bets.

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July 10, 2015, 04:06:27 AM
 #25

Even 'provably fair' came up, if I want to gamble in a large amount, I will choose live dealer i/o play with 'system'

I will play those online casino in ard 0.5BTC max

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July 10, 2015, 07:55:36 AM
 #26

I think provably fair system being modified by certain sites to earn profit.. Why every site have different way to prove its fair? why dont use a particular method..  Huh
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July 10, 2015, 07:58:26 AM
 #27

I think provably fair system being modified by certain sites to earn profit.. Why every site have different way to prove its fair? why dont use a particular method..  Huh

Some site modified it and scam their players. Every site got their own method, not everything is the same but in the end it will be the same if you know about it. Some use sha256 while some site use another hash for that but the purposes is the same.

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July 10, 2015, 08:41:29 AM
 #28

I think provably fair system being modified by certain sites to earn profit.. Why every site have different way to prove its fair? why dont use a particular method..  Huh

Some site modified it and scam their players. Every site got their own method, not everything is the same but in the end it will be the same if you know about it. Some use sha256 while some site use another hash for that but the purposes is the same.
Thats my question.. If the term is same, result is also same so why dont they use a same method. :/
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July 10, 2015, 09:19:11 AM
 #29

There were games before bitcoin also using ecurrencies. There were games played with libertyreserve. And there are games link coin flip etc with perfectmoney also. I had played a couple of times there. Just to see how it works. But I can say some sites have lots of players.

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