Peerbet.org - Play without house edge!

[ingrownpocket]

Basically one side of the site would operate similar to satoshidice, after it reached 2/2 it would send back
to its players, and for the customizing part you would create an account, and make your own games
with the stats.

I am just suggesting things that would increase popularity.

That would change the expected return due to transaction fees.
Would make the "Play without house edge!" kinda unreal, not that the house keeps the edge, but the miners.

[1714612749]

1714612749

[1714612749]

1714612749

[1714612749]

1714612749

[lightlord]

I think I see now. But what would happen if two people send to the same address?

Also, optional email notifications would be a nice feature in the future, especially for big lotteries (like the ones I just made...).

Well the same thing would happen as Satoshidice. Satoshidice address is the same always.
And receives multiples of bets from different people.

It should be able to pick the winner, and return to the winner between the two people.
Else Satoshidice wouldn't work?

[lightlord]

Basically one side of the site would operate similar to satoshidice, after it reached 2/2 it would send back
to its players, and for the customizing part you would create an account, and make your own games
with the stats.

I am just suggesting things that would increase popularity.

That would change the expected return due to transaction fees.
Would make the "Play without house edge!" kinda unreal, not that the house keeps the edge, but the miners.

True in a way, but do note, when you make an account you have to send BTC to your account.
And that alone costs 0.0005 BTC. Then it has to send back to you.

So there is still transaction fee. You can't ever have true 0%.

But its like 99.99% Pay-back. And I would have to say that's
the best in the world   Or one of, if there is any better  

[finkleshnorts]

horses don't do that to people just other horses

[lightlord]

Well you were implying if you deposit more BTC, you will get raped.
Wait you didn't clarify your terms. That means by definition,
if you deposit BTC in Anything you will in fact be raped by a horse!
That is if God exists, then your promise will be held in hell
where you will be raped by horses for all of eternity. 

Besides worst comes to worst, throw 5 BTC on 79%
Satoshidice, if you win, you got your 1 BTC back xD

[lightlord]

Btw, we're going offtopic, talking about horses and.

You just ended your sentence abruptly, perhaps a horse got angry, and kicked you in the face
for saying that, and you couldn't finish your sentence 

Btw you started the horse thing first 

[giantdragon]

I have an idea. Create a page, that is red on the right side, and black on the left side.
Each is determined from the outcome of the blocks.

Played live. And bets can be in any order, such as there may be 50 people betting 1 bitcoin on red
and 1 person betting one bitcoin on black.

Bets are made by division.

So if red has 50 Bitcoins, (50 different people)
and black has 1 bitcoin.   (A single person)

When black hits. Black wins 1 bitcoin + (50/50), And every person loses (1/50th, and now has 0.98 BTC each) This brings black up to 2 BTC.
When red hits. Red wins 1 bitcoin, distributed among the 50 people, everyone getting 1.02 BTC.

Very interesting idea! I will definitely implement it.

Perhaps for raffles you can take a 1% cut off that, to generate a little revenue.

The philosophy of Peerbet is to make ALL games truly zero-sum.

This is what I want
...
(about zero-sum roulette and blackjack)

Peerbet is a P2P gaming platform! I have no plans to offer games against the house. Instead I am thinking about offering Texas Holdem, but it will take some time to implement.

Can you show pending deposits in the History list? It's kinda annoying to not know what's happening.

Funds are credited instantly after 1 confirmation (notification being received via Bitcoinmonitor.net). You can enter the address into Blockchain.info and see it's status.

it would be awesome to see a live chat feed! This is too much fun.

Agree, will implement.

That would change the expected return due to transaction fees.
Would make the "Play without house edge!" kinda unreal, not that the house keeps the edge, but the miners.

I am paying transaction fees, so it is 100% free for you. Therefore there are accounts and withdrawals are being sent once a day in a bunch.

P.S. First big cash-out made worth of 4 BTC!
http://blockchain.info/tx-index/36080025/4817159c077b0784df811b61a8d12300a12dbce139e5e24ce0cf5d3a7e08bbb8

[finkleshnorts]

I think this is the only place in the world with a zero-sum lottery of $13,000+ dollars.

[ingrownpocket]

P.S. First big cash-out made worth of 4 BTC!
http://blockchain.info/tx-index/36080025/4817159c077b0784df811b61a8d12300a12dbce139e5e24ce0cf5d3a7e08bbb8

The cash-out was made using my deposit money -> http://blockchain.info/address/1GeHaCbVecx3ZWfYXSRpg7Y2kBz3Mj83qg

[finkleshnorts]

Is peerbet provably discreet as well?

8P

[giantdragon]

The cash-out was made using my deposit money

Why do you wonder?! This is a truly zero-sum game!  Winning of the one player equals to the loss of another one!

[FreeMoney]

Basically one side of the site would operate similar to satoshidice, after it reached 2/2 it would send back
to its players, and for the customizing part you would create an account, and make your own games
with the stats.

I am just suggesting things that would increase popularity.

That would change the expected return due to transaction fees.
Would make the "Play without house edge!" kinda unreal, not that the house keeps the edge, but the miners.

Lol, so if a casino opened that charged nothing and even put an ATM in the lobby would you be like "Whoa whoa, that ATM will charge you $3, no house edge my ass".

[ripper234]

Nice site! I wish you much success.

My balance/overview show show pending bets as well.
I just sunk some money on a provably fair bet (= NOT instant), and my balance just dropped.

You can list the pending bets there and give the expected value of the bets.

[Lurk]

pretty cool...  linked from my site

[lightlord]

I was also thinking on about martingale support.

Every loss pairs you up with another person and a doubling amount.
The amount of levels you want to go is your choice.

So I start off with 0.01 BTC, I lose.
Pair with a person that is at 0.02 BTC, I lose.
Pair with a person that is at 0.04 BTC, I lose.
Etc, etc, etc.

This would work as pairs, as martingale people played
against each other, and swapping.

[ripper234]

Nice site! I wish you much success.

My balance/overview show show pending bets as well.
I just sunk some money on a provably fair bet (= NOT instant), and my balance just dropped.

You can list the pending bets there and give the expected value of the bets.

Or maybe I looked under Overview instead of History.
Do pending bets show under History?

[ripper234]

Can you add links from the History page to past raffles?
(Raffle #123 should be a link)

[ripper234]

Is the site expected to generate a decent amount of profit? (From ads?)
If it's mostly a hobby, how about creating an "unlock bounty" for whatever sum you deem reasonable?

If enough people donate to the unlock address, you release the entire site as open source.

[giantdragon]

Is the site expected to generate a decent amount of profit? (From ads?)

I expect advertising revenue. My another service Daily Bitcoins is 100% ad-sponsored and show good revenue despite large amounts paid out to its users.

[giantdragon]

A chat have been implemented!