new blockchain gambling site satoshiseleven.com

[Sat0shiseleven]

we proudly present our new gambling site satoshiseleven.com

http://www.satoshiseleven.com

the game is simple: 11 players throw money into the pot and one of them wins!

Your chance to win equals your pot equity, the more you bet the bigger your chances!

no account needed - we send the prize money to the bitcoin address you made your bet from

it is transparent and verifiable (like satoshidice which we are really huge fans of

we take 1% rake from each pot and an additional 0.5% goes into a progressive bonus jackpot game called "satoshis111" which has 111 players instead of 11 and you can achieve positive expected value because of the bonus!!!

please check out the faq if you have any questions or ask us directly

we are very interested in your opinion

have fun!
Satoshiseleven

[Sat0shiseleven]

Server Status: ONLINE

[MegaCoin.co]

You site now shows 404 before it was not reachable at all.

I suggest you sort your stuff out before launching the site  

Wish you all he best.

[thebaron]

popcorn.gif

[Sat0shiseleven]

everything worked in local mode and after deployment

but suddenly the server stopped talking to the bitcoin client
i'm debugging now and i feel so embarassed

yeah probably not the best start in the history of bitcoins

[Sat0shiseleven]

site is online again

should have taken more time for server configuration :/

[shamoons]

Wishing you the best of luck in your endeavor.

I like the idea of games that can only be done with Bitcoin's protocol in terms of verifiability.

[Sat0shiseleven]

thank you

it's my first non-trivial site and i'm soo excited

[Monkey1]

Looks good, although I am not lucky enough to verify payouts!

[klestor]

Great website, what's the secret keys about?

[Sat0shiseleven]

Great website, what's the secret keys about?

these keys make it impossible to cheat, i explained it in the faq

[klestor]

Great website, what's the secret keys about?

these keys make it impossible to cheat, i explained it in the faq

So the secret key id shown on the front page is the reference to the precomputed random characters used to seleect the winner. which is shown 24 hours after the draw?

[Sat0shiseleven]

Great website, what's the secret keys about?

these keys make it impossible to cheat, i explained it in the faq

So the secret key id shown on the front page is the reference to the precomputed random characters used to seleect the winner. which is shown 24 hours after the draw?

yes

the published keys are at http://satoshiseleven.com/?lang=en&goto=hashkeys
i published the hashes of the precomputed keys (for the next 10 Years) here: https://raw.github.com/sat11/sat11_keyhashes/master/README.md
first number is the id, then the sha512 hash of the secret key and then the time interval of the particular key

[MegaCoin.co]

Took a look at the site today, looks very nice, congats. 

[Sat0shiseleven]

Took a look at the site today, looks very nice, congats. 

thanks

[DeathAndTaxes]

an additional 0.5% goes into a progressive bonus jackpot game called "satoshis111" which has 111 players instead of 11 and you can achieve positive expected value because of the bonus!!!

This is an obviously false statement.  The jackpot is paid by a 0.5% reduction in the "normal" payout.  The game is negative expectation.  Then again all gambling games with house advantage are negative expectation.  You don't need to lie or mislead customers, people using the site are expecting to gamble not invest.

[Sat0shiseleven]

an additional 0.5% goes into a progressive bonus jackpot game called "satoshis111" which has 111 players instead of 11 and you can achieve positive expected value because of the bonus!!!

This is an obviously false statement.  The jackpot is paid by a 0.5% reduction in the "normal" payout.  The game is negative expectation.  Then again all gambling games with house advantage are negative expectation.  You don't need to lie or mislead customers, people using the site are expecting to gamble not invest.

no its not if you play only Satoshis111

the bonus bets play with only 25% winning chance compared to normal bets
its possible to achieve (small) positive EV if the bonus is big enough

the first game (Satoshis11) has always a small negative EV, that is true

i should have mentioned this, will add this to the FAQ

[Sat0shiseleven]

i added more explanations about EV to the FAQ

btw. total betting volume is now over 10BTC! Yay!