[Jackpotracer.com] ★★ upped the Prize to 0.15 BTC ★★ Prize for Jackpot hit ★★

[JackpotRacer]

This promotion makes the site temporarily EV+ !
Assuming you bet 0.00002 BTC (2000 satoshis) every bet:

Expected value from winning the normal game: 0.00002 * 5.88/6 = 0.0000196
Expected value from winning the jackpot: 0.00002 * 2799.36/279936 = 0.0000002
Expected value from jackpot bonus: 0.1/279936 = 0.000000357

Total EV = 0.000020157
Works out to be 100.785% EV.

Not much, but better than EV-

(EDIT: This assumes you bet only one one racer. Betting on two or more simultaneously makes it EV- again)

thank you very much for taking the time to make all the maths to tell our players if it is +EV or -EV
very much appreciated.

but I would like to ask you to present those numbers in ELI5 because we have many users who will not understand your maths this way that you presented it.

for example you wrote >>>Expected value from winning the jackpot: 0.00002 * 2799.36/279936 = 0.0000002<<<
could you please do this explanation in ELI5 so we all can understand this formula and what the result of 0.0000002 means. I know that it means 20 satoshi but what is it for?? I am confused
here and where do you get the number 2799.36 from?

thanks again

[PvP]

if the Jackpot is not yet hit I am in 

[JackpotRacer]

if the Jackpot is not yet hit I am in 

hey

not yet hit

[jambola2]

thank you very much for taking the time to make all the maths to tell our players if it is +EV or -EV
very much appreciated.

but I would like to ask you to present those numbers in ELI5 because we have many users who will not understand your maths this way that you presented it.

for example you wrote >>>Expected value from winning the jackpot: 0.00002 * 2799.36/279936 = 0.0000002<<<
could you please do this explanation in ELI5 so we all can understand this formula and what the result of 0.0000002 means. I know that it means 20 satoshi but what is it for?? I am confused
here and where do you get the number 2799.36 from?

thanks again

Alright, let me rephrase it

How do we find expected value?
(Value of outcome/Total number of outcomes)
This can also be written as (Multiplier * Amount bet/Total number of outcomes)
Since the only outcome which returns any Bitcoin is winning with your racer, we only consider that.

5.88 multiplier (from site) * 2000 satoshis/6 total racers that can win
Hence:
Expected value from winning the normal game: 0.00002 * 5.88/6 = 0.0000196

How do we find the expected value of the jackpot?
(Multiplier of jackpot * Bet amount/Total number of outcomes)
Now, we know that the jackpot odds are 1/279936
Hence:
Multiplier * Bet amount/279936
I used some test funds provided by you to check the jackpot amount. Tried it for 4-5 different bet sizes, and found it to be 2799.36x
That becomes (2799.36x * 2000 satoshis/279936)
Expected value from winning the jackpot: 0.00002 * 2799.36/279936 = 0.0000002

Finally, for the expected value of the jackpot bonus, you can quite easily multiply the bonus prize amount (0.1) with the odds (1/279936)
Expected value from jackpot bonus: 0.1/279936 = 0.000000357

[JackpotRacer]

Alright, let me rephrase it

How do we find expected value?
(Value of outcome/Total number of outcomes)
This can also be written as (Multiplier * Amount bet/Total number of outcomes)
Since the only outcome which returns any Bitcoin is winning with your racer, we only consider that.

5.88 multiplier (from site) * 2000 satoshis/6 total racers that can win
Hence:
Expected value from winning the normal game: 0.00002 * 5.88/6 = 0.0000196

How do we find the expected value of the jackpot?
(Multiplier of jackpot * Bet amount/Total number of outcomes)
Now, we know that the jackpot odds are 1/279936
Hence:
Multiplier * Bet amount/279936
I used some test funds provided by you to check the jackpot amount. Tried it for 4-5 different bet sizes, and found it to be 2799.36x
That becomes (2799.36x * 2000 satoshis/279936)
Expected value from winning the jackpot: 0.00002 * 2799.36/279936 = 0.0000002

Finally, for the expected value of the jackpot bonus, you can quite easily multiply the bonus prize amount (0.1) with the odds (1/279936)
Expected value from jackpot bonus: 0.1/279936 = 0.000000357

Thank you very much again for taking the time to try ELI5 very much appreciated.

you are saying >>>I used some test funds provided by you to check the jackpot amount. Tried it for 4-5 different bet sizes, and found it to be 2799.36x<<<

it will be very important to visit our site again and check the jackpot adjusting to the wagered amount. it just cant be that you wagered different amounts and always had the same jackpot amount. because the maths regarding jackpot can't be correct if the jackpot adjusts to wager amount.
if I understood you right the jackpot was always 2799.36 no matter what amount you wagered?
btw would you please tell us what the number 2799.36 is? I mean is it 0.00279936? or why the dot36? with dot36 I would say it is 2799.36 satoshi but it would be nice if you could explain those numbers.

[JackpotRacer]

hey Jambola2

I understood you are checking for promos and their EV + or - for player. nice hobby

we have a promo (right now locked  because of the Jackpot promo) called
" no chance to lose promo" but we had not many takers and I was wondering why?
it would be nice if would look it over just to sure we didn't do any mistake and the promo is -EV for players though I am sure that it is one of the best promos ever. the link is

https://bitcointalk.org/index.php?topic=1122527.msg11880147#msg11880147

thanks

[jambola2]

hey Jambola2

I understood you are checking for promos and their EV + or - for player. nice hobby

we have a promo (right now locked  because of the Jackpot promo) called
" no chance to lose promo" but we had not many takers and I was wondering why?
it would be nice if would look it over just to sure we didn't do any mistake and the promo is -EV for players though I am sure that it is one of the best promos ever. the link is

https://bitcointalk.org/index.php?topic=1122527.msg11880147#msg11880147

thanks

The thread is locked.
If this was done earlier, it is likely that the players don't check the thread because it was locked.
And if it is done now, well I guess the promo is over?

Thank you very much again for taking the time to try ELI5 very much appreciated.

you are saying >>>I used some test funds provided by you to check the jackpot amount. Tried it for 4-5 different bet sizes, and found it to be 2799.36x<<<

it will be very important to visit our site again and check the jackpot adjusting to the wagered amount. it just cant be that you wagered different amounts and always had the same jackpot amount. because the maths regarding jackpot can't be correct if the jackpot adjusts to wager amount.
if I understood you right the jackpot was always 2799.36 no matter what amount you wagered?
btw would you please tell us what the number 2799.36 is? I mean is it 0.00279936? or why the dot36? with dot36 I would say it is 2799.36 satoshi but it would be nice if you could explain those numbers.

Sorry, didn't explain optimally.
By x I mean times.
2799.36x means 2799.36 * Bet amount

That becomes (2799.36x * 2000 satoshis/279936)

I made a mistake there, the x doesn't mean anything.

So, if you win the jackpot, you get 2799.36 times whatever you had bet.

[JackpotRacer]

hey Jambola2

I understood you are checking for promos and their EV + or - for player. nice hobby

we have a promo (right now locked  because of the Jackpot promo) called
" no chance to lose promo" but we had not many takers and I was wondering why?
it would be nice if would look it over just to sure we didn't do any mistake and the promo is -EV for players though I am sure that it is one of the best promos ever. the link is

https://bitcointalk.org/index.php?topic=1122527.msg11880147#msg11880147

thanks

The thread is locked.
If this was done earlier, it is likely that the players don't check the thread because it was locked.
And if it is done now, well I guess the promo is over?

sorry again but I asked you for your opinion regarding the promo offer if it is + or - EV for the player? I wrote there why it is closed right now and it will be opened again. it was long enough open that I know that not many user took this promo.

Sorry, didn't explain optimally.
By x I mean times.
2799.36x means 2799.36 * Bet amount

That becomes (2799.36x * 2000 satoshis/279936)

I made a mistake there, the x doesn't mean anything.

So, if you win the jackpot, you get 2799.36 times whatever you had bet.

so can we agree that the JP amount is adjusting with your wager amount
and to give an easy example that

if a user bets  1 Satoshi that the Jackpot amount is 2799 Satoshi

and if a user bets 40k Satoshi the the Jackpot amount is 1.119744

thank you very much for the help

[JackpotRacer]

join in and try your luck to hit the Jackpot

[JackpotRacer]

we upped the Prize to 0.1 0.15 BTC for the 1st who hits the Jackpot

come in and join the hunt

https://bitcointalk.org/index.php?topic=1148637.msg12098045#msg12098045

[nickaizoku]

we upped the Prize to 0.1 0.15 BTC for the 1st who hits the Jackpot

come in and join the hunt

https://bitcointalk.org/index.php?topic=1148637.msg12098045#msg12098045

would love to try again, running out of btc now
good luck to all player out there, 0.15 nice price! and if strike jackpot with min wager 2000, have nice payout too

[JackpotRacer]

we upped the Prize to 0.1 0.15 BTC for the 1st who hits the Jackpot

come in and join the hunt

https://bitcointalk.org/index.php?topic=1148637.msg12098045#msg12098045

would love to try again, running out of btc now
good luck to all player out there, 0.15 nice price! and if strike jackpot with min wager 2000, have nice payout too

thank you for the kind words and really sorry that you ran out of BTC because
we hoped that you will show up and try your luck to hit the Jackpot.
you are still in our Jackpot winners hall of fame holding the highest Jackpot win

good luck

[JackpotRacer]

guys don't miss the next Jackpot 

nice action but no hit of contest Jackpot with upped prize of 0.15 BTC if hit

[JackpotRacer]

And the Winner is...............huggy

Congratulations to huggy who hit the Jackpot (0.0560448) and the Prize
of 0.15 BTC

latest Jackpot winner now in our Hall of Fame

[Alvin Fahriza]

And the Winner is...............huggy

Congratulations to huggy who hit the Jackpot (0.0560448) and the Prize
of 0.15 BTC

latest Jackpot winner now in our Hall of Fame

congratulations huggy you always hunting for jackpot
cheers

[PvP]

@Alvin Fahriza and @Jackpotracer

thank you very much and I really can say it was really tough and I am very happy now
that I hit the Jackpot and won some Satoshi 

waiting for the next promo lol

[JackpotRacer]

@Alvin Fahriza and @Jackpotracer

thank you very much and I really can say it was really tough and I am very happy now
that I hit the Jackpot and won some Satoshi 

waiting for the next promo lol

next promo will be out later today

[PvP]

@Alvin Fahriza and @Jackpotracer

thank you very much and I really can say it was really tough and I am very happy now
that I hit the Jackpot and won some Satoshi 

waiting for the next promo lol

next promo will be out later today

sounds good but could it be that you didn't send the prize? I don't see it on my MP
account

[JackpotRacer]

@Alvin Fahriza and @Jackpotracer

thank you very much and I really can say it was really tough and I am very happy now
that I hit the Jackpot and won some Satoshi 

waiting for the next promo lol

next promo will be out later today

sounds good but could it be that you didn't send the prize? I don't see it on my MP
account

please let me check it

[JackpotRacer]

@Alvin Fahriza and @Jackpotracer

thank you very much and I really can say it was really tough and I am very happy now
that I hit the Jackpot and won some Satoshi 

waiting for the next promo lol

next promo will be out later today

sounds good but could it be that you didn't send the prize? I don't see it on my MP
account

it was not send to your MP account, it was send to your Jackpotracer app account

please check it and confirm if you received it

thanks