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Author Topic: Quantum Dice - Now Featured on MoneyPot | variable HOUSE EDGE as LOW as 0.01%  (Read 10772 times)
apriyani420
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July 16, 2015, 05:23:55 PM
 #41

Still 0.01% house edge or end?

It is still 0.01% to 0.03%. So bet away Cheesy
yes but i got busted there 70k bits  Lips sealed
8 reds in a row 2x payout
xD its okay for me test the site

Seems that you were so greedy, 8x losses streak and lost 0.07btc (this is not a small amount just for testing the site)
How much was your base bet and how many percent you increase your bet on loss?

it can be big for you but small for him it depends on how much money does he have for spending for such things, also i really like the website

QuantumDice9 (OP)
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July 17, 2015, 04:22:40 AM
Last edit: July 18, 2015, 04:17:52 AM by QuantumDice9
 #42

Hi guys, I'm about 80% done coding the new UI. Keep an eye out. Will finish it up once I get some free time

Done. Do check it out
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July 18, 2015, 04:19:02 AM
 #43

UI have been updated. I'd appreciate some feedback. Thanks
michael23
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July 19, 2015, 12:51:38 AM
 #44

UI have been updated. I'd appreciate some feedback. Thanks

I have tried your new UI, i noticed keyboard betting are disabled now which is not good. But current design looks better now, if you bring back keyboard betting and autobetting soon its gonna be awesome
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July 19, 2015, 12:52:52 AM
 #45

UI have been updated. I'd appreciate some feedback. Thanks

I have tried your new UI, i noticed keyboard betting are disabled now which is not good. But current design looks better now, if you bring back keyboard betting and autobetting soon its gonna be awesome

dont just re enable, it make it an option. not everyone wants to have their bets changed suddenly because they accidentally pressed a button or something.

theres nothing here. message me if you want to put something here.
mammusu
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July 19, 2015, 01:50:08 AM
 #46

UI have been updated. I'd appreciate some feedback. Thanks

good news
I like design looks better now

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QuantumDice9 (OP)
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July 19, 2015, 03:08:20 AM
 #47

UI have been updated. I'd appreciate some feedback. Thanks

good news
I like design looks better now

Thanks. Cheesy

UI have been updated. I'd appreciate some feedback. Thanks

I have tried your new UI, i noticed keyboard betting are disabled now which is not good. But current design looks better now, if you bring back keyboard betting and autobetting soon its gonna be awesome

dont just re enable, it make it an option. not everyone wants to have their bets changed suddenly because they accidentally pressed a button or something.

Gonna find a good way to implement it so users can enable it if they want but keeping it generally safe from keyboard accidents.

UI have been updated. I'd appreciate some feedback. Thanks

I have tried your new UI, i noticed keyboard betting are disabled now which is not good. But current design looks better now, if you bring back keyboard betting and autobetting soon its gonna be awesome


Yeah, I'm still working on the autobet, I'm no expert in coding, so just bear with me a little longer.


At this point, nothing is final and things are subject to changes. So feel free to give your inputs, I appreciate them Cheesy
arallmuus
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July 19, 2015, 06:07:48 AM
 #48

For a limited time only! House edge now varies from 0.01% to 1.0%! Puts the luck back into dice games Cheesy

I seem to be missing things here but does this house varies randomly without base-ing it on anything? Safedice applied a variable house edge as well however it does not varies randomly though as most of the bet stays at 0.5 % house edge(references below). As for your case, I find it totally random even if you wager with the same amount

This is an example from one of your player who is betting with 150 bits flat

https://www.moneypot.com/bets/40279954 = house edge 0.96 %
https://www.moneypot.com/bets/40279951 = house edge 0.6 %
https://www.moneypot.com/bets/40279949 = house edge 0.27 %
https://www.moneypot.com/bets/40279948 = house edge 0.41 %
https://www.moneypot.com/bets/40279945 = house edge 0.74 %

P.S : a thorough explanation is much appreciated

By default, the house edge is 0.5%, which is very low among all the dice sites, only when a player wants to make a bigger winning than 0.25% of the bankroll, a higher house edge will be triggered.

R


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Shogen
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July 19, 2015, 06:27:45 AM
 #49

On https://www.moneypot.com/apps/85-quantum-dice, the stats shown is:

Bets 25,684
Wagered 71,608,928 bits
Bets Profit 819,144.69 bits (1.14%)
Expected Profit 669,453.03 bits (0.93%)

Why is the expected profit 0.93% of the wagered? Doesn't that indicate your current house edge (I guess after taking average of all bets) is 0.93%?

arallmuus
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July 19, 2015, 06:36:24 AM
 #50

Why is the expected profit 0.93% of the wagered? Doesn't that indicate your current house edge (I guess after taking average of all bets) is 0.93%?

Yes that is the average house edge for all the bets that has been taken. The house was on 1 % house edge before for 10k+ rolls or so and has only implemented the random house edge for a short time therefore the average of the bets stays at over 0.9 ~ %. What sorcery would be how "random" exactly is this new random house edge is though ( check my post above )

P.S : the 10k rolls is taken from the number of rolls from the owner's status https://www.moneypot.com/users/bryankek

R


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QuantumDice9 (OP)
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July 19, 2015, 04:43:12 PM
 #51

The stats are heavily influenced by my personal rolls while testing out and playing around with things. It was on a 1.0% house edge then.

Regarding how the random house edge is applied, the base chance is calculated first. Example, betting on a multiplier of 2 gives you a base chance of 50%. A random float number generator generates a number between 0.00-1.00 is generated and multiplied to the house edge of 1%. This gives a purely random house edge between 0.01% and 1.00% every single time you hit the bet button. This random house edge is then multiplied by the base chance, and subtracted from the base chance to give you the final winning chance. For a bet with a multiplier of 2, it is a random chance of 49.50% to 49.99%. Hope this clears up any uncertainties.

So in summary, every bet regardless of the wager has a random house edge between 0.01% to 1.0%
QuantumDice9 (OP)
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July 21, 2015, 03:23:44 AM
 #52

I finally fixed the all bets issue. Its rendering smoothly now. Also, I'm quite please with the new design. Any inputs from the community? Regarding autobet, that is gonna have to wait until after my finals :/ sorry guys
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July 21, 2015, 04:11:54 AM
 #53

i like this house edge its alot easier to win with it.
how long will this house edge be on?
regards.
-Katerniko1
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July 21, 2015, 05:34:20 AM
 #54

i like how the website looks. it is simple and fast and all the buttons you need are in the middle easy access.

but i am still looking forward to autobet Smiley

best of luck ~~

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QuantumDice9 (OP)
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July 21, 2015, 07:40:18 AM
 #55

i like this house edge its alot easier to win with it.
how long will this house edge be on?
regards.
-Katerniko1

Hi Katerniko1, for now, the house edge is to stay. If there are any changes, I'll inform a few days in advance before any changes are made. Cheesy

i like how the website looks. it is simple and fast and all the buttons you need are in the middle easy access.

but i am still looking forward to autobet Smiley

best of luck ~~

Thanks pooya87!! I'll work on the auto bet as soon as I have the time, I don't wanna just code a careless bot and put it on. Look forward to it Cheesy
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July 21, 2015, 08:10:56 AM
 #56

Any explanation for what arallmuus asked above?Huh?

QuantumDice9 (OP)
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July 21, 2015, 09:31:56 AM
 #57

Any explanation for what arallmuus asked above?Huh?

I did explain. Refer to the quote below

The stats are heavily influenced by my personal rolls while testing out and playing around with things. It was on a 1.0% house edge then.

Regarding how the random house edge is applied, the base chance is calculated first. Example, betting on a multiplier of 2 gives you a base chance of 50%. A random float number generator generates a number between 0.00-1.00 is generated and multiplied to the house edge of 1%. This gives a purely random house edge between 0.01% and 1.00% every single time you hit the bet button. This random house edge is then multiplied by the base chance, and subtracted from the base chance to give you the final winning chance. For a bet with a multiplier of 2, it is a random chance of 49.50% to 49.99%. Hope this clears up any uncertainties.

So in summary, every bet regardless of the wager has a random house edge between 0.01% to 1.0%

So to sum it up, first 10k bets were placed by me on a 1.0% house edge, hence, the stats on MoneyPot does not reflect the current house edge.

As to how the house edge is calculated. Every single bet, regardless of wager or multiplier has a random house edge between 0.01 to 1.0%.

Are there any other issues that should be addressed?
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July 21, 2015, 11:21:34 AM
 #58

Any explanation for what arallmuus asked above?Huh?

I did explain. Refer to the quote below

The stats are heavily influenced by my personal rolls while testing out and playing around with things. It was on a 1.0% house edge then.

Regarding how the random house edge is applied, the base chance is calculated first. Example, betting on a multiplier of 2 gives you a base chance of 50%. A random float number generator generates a number between 0.00-1.00 is generated and multiplied to the house edge of 1%. This gives a purely random house edge between 0.01% and 1.00% every single time you hit the bet button. This random house edge is then multiplied by the base chance, and subtracted from the base chance to give you the final winning chance. For a bet with a multiplier of 2, it is a random chance of 49.50% to 49.99%. Hope this clears up any uncertainties.

So in summary, every bet regardless of the wager has a random house edge between 0.01% to 1.0%

So to sum it up, first 10k bets were placed by me on a 1.0% house edge, hence, the stats on MoneyPot does not reflect the current house edge.

As to how the house edge is calculated. Every single bet, regardless of wager or multiplier has a random house edge between 0.01 to 1.0%.

Are there any other issues that should be addressed?


Ahh that explains. Good luck for you site. Smiley

Herbert2020
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July 21, 2015, 01:27:40 PM
 #59

i like the website although it started as a copy clone , it looks good to me.

also it is always good to see someone always trying to improve their service.

keep up the good work bro.

Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip.
Whales are those who keep buying the dip.
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July 21, 2015, 03:22:27 PM
 #60

i like the website although it started as a copy clone , it looks good to me.

also it is always good to see someone always trying to improve their service.

keep up the good work bro.

Thanks mate Wink

Any explanation for what arallmuus asked above?Huh?

I did explain. Refer to the quote below

The stats are heavily influenced by my personal rolls while testing out and playing around with things. It was on a 1.0% house edge then.

Regarding how the random house edge is applied, the base chance is calculated first. Example, betting on a multiplier of 2 gives you a base chance of 50%. A random float number generator generates a number between 0.00-1.00 is generated and multiplied to the house edge of 1%. This gives a purely random house edge between 0.01% and 1.00% every single time you hit the bet button. This random house edge is then multiplied by the base chance, and subtracted from the base chance to give you the final winning chance. For a bet with a multiplier of 2, it is a random chance of 49.50% to 49.99%. Hope this clears up any uncertainties.

So in summary, every bet regardless of the wager has a random house edge between 0.01% to 1.0%

So to sum it up, first 10k bets were placed by me on a 1.0% house edge, hence, the stats on MoneyPot does not reflect the current house edge.

As to how the house edge is calculated. Every single bet, regardless of wager or multiplier has a random house edge between 0.01 to 1.0%.

Are there any other issues that should be addressed?


Ahh that explains. Good luck for you site. Smiley

 Thanks Smiley
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