Betbit.co| Dice game | 0.1% house edge | Referral program | Bonuses that shock!

[shulio]

hehe... You are right. In our beta period, there was no delay between rolls and we had a bad experience because of it:))) Also I know a lot of awesome dice games that also have delays (and most of them has longer delay)

Having no delays for the bet rolls will only eat up your database as it is not important to store all of those dust bets however you should have put no delays at all if possible if someone is wagering for higher amount of bitcoin, this will encourage people to bet more if they cant really stand out for those delays

[1714768779]

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[betbit.co]

hehe... You are right. In our beta period, there was no delay between rolls and we had a bad experience because of it:))) Also I know a lot of awesome dice games that also have delays (and most of them has longer delay)

Having no delays for the bet rolls will only eat up your database as it is not important to store all of those dust bets however you should have put no delays at all if possible if someone is wagering for higher amount of bitcoin, this will encourage people to bet more if they cant really stand out for those delays

And that is a good idea! Now it is in our to-do list

[betbit.co]

Max payout is only 24.98? Any plans to maximize it to 9900x or even 99000x? Some people like to hunt high multiplier, because it is a fun thing to do. People like they way to get big profit with small amount even though it is rarely happened.

I found with my testing that Moneypot rejects bets of 9900x with a 0.1% house edge, for not being -EV for the player. That is probably why Betbit.co doesn't offer it - simply because it is too much of a risk. Betbit, you should consider allowing that, but forcing the player to use a 1% house edge for those types of bets (put a warning notice if they pick a multiplier over 24.98), to support more playing styles.

Bonuses are interesting, especially the 5k satoshi for every 5 million satoshi wagered. Seems like it would make bets at a neutral EV, and even +EV with refs. Might play a bit here soon.

Interesting point of view... I think we should post a poll to understand, how many people like to play with so high payouts. How often do you play with so high payout?

[betbit.co]

Betbit.co is a provably fair dice game with house edge of 0.1%, x9999 payout, hierarchical referral program and awesome bonuses!

We redesign our game and now ready to present it to You!

We have registration bonus - 1000 satoshi
We have faucet that gives 350 satoshis every 5 minutes

Updated (23 July 2016)
We have bonus for returning players
Every time player wager 0.05btc he receives 5000 satoshis
For every 0.05btc deposit we add 1 referral to player's referral tree

Updated (24 July 2016)
Now you can play with x9999 payout or 99% win chance

Visit Betbit.co!

After today's update, now our users can play with high payouts. Enjoy playing!

[DarkStar_]

Today's update comes with a mistake, I believe. I tried betting at 99% chance to win, and was shocked to see that it is at a 1.01x multiplier

That means it is a 0 house edge for the player, and with the free 5000 satoshi every 0.05BTC wagered promotion, it becomes positive EV for the player, which you should almost never have in a gambling game. I'm guessing that it is because of a rounding error in your script.

Another question - How is the "Random" selected for auto betting? You could easily rig it to make it more likely to pick the losing one, creating a higher house edge for the player.

[RHavar]

Today's update comes with a mistake, I believe. I tried betting at 99% chance to win, and was shocked to see that it is at a 1.01x multiplier

That means it is a 0 house edge for the player, and with the free 5000 satoshi every 0.05BTC wagered promotion, it becomes positive EV for the player, which you should almost never have in a gambling game. I'm guessing that it is because of a rounding error in your script.

Another question - How is the "Random" selected for auto betting? You could easily rig it to make it more likely to pick the losing one, creating a higher house edge for the player.

Nice observations DarkStar_.

I can confirm what you said, and they're definitely running the casino at -EV (assuming it's not rigged). Their house edge is -0.1%. Add to it the affiliate program (where they can lose up to another 0.09%), and they're going to be bleeding money.

And you're also spot-on about their provably fair. It's not really provably fair, but rather "provably predetermined" and a bitch to check (making sure no one will ever). At the very least they should be using a client-seed which they don't control, but even better would to use the just-dice style nonce scheme (which seems to be a standard now)

[B4RF]

Today's update comes with a mistake, I believe. I tried betting at 99% chance to win, and was shocked to see that it is at a 1.01x multiplier

That means it is a 0 house edge for the player, and with the free 5000 satoshi every 0.05BTC wagered promotion, it becomes positive EV for the player, which you should almost never have in a gambling game. I'm guessing that it is because of a rounding error in your script.

Another question - How is the "Random" selected for auto betting? You could easily rig it to make it more likely to pick the losing one, creating a higher house edge for the player.

Nice observations DarkStar_.

I can confirm what you said, and they're definitely running the casino at -EV (assuming it's not rigged). Their house edge is -0.1%. Add to it the affiliate program (where they can lose up to another 0.09%), and they're going to be bleeding money.

And you're also spot-on about their provably fair. It's not really provably fair, but rather "provably predetermined" and a bitch to check (making sure no one will ever). At the very least they should be using a client-seed which they don't control, but even better would to use the just-dice style nonce scheme (which seems to be a standard now)

I call rigged on this one.
Tried running autobet on 99% chance and did about 50 bets. I got 2xloss, win, 4xloss, win, 2xloss, win, 3xloss...
Might be possible ... but after only this amount of bets

[maku]

Actually how many competing Dice sites have also 0.1% house edge? Because I know only 999dice and they are widely regarded as a scam site.
Despite having provably fair checker available on their site as well. Is this possible to make profit from 0.1% HE if you are a house?

[RHavar]

I call rigged on this one.
Tried running autobet on 99% chance and did about 50 bets. I got 2xloss, win, 4xloss, win, 2xloss, win, 3xloss...
Might be possible ... but after only this amount of bets

I noticed the same from my toying around, and if I was a superstitious man I'd suspect foul play.  If I had the energy (which I don't), I'd write a bot that checks the provably predetermined for comital and randomize between a ~98% chance of doing a 99% chance low bet, and a ~2% chance of a 1% chance high. That way if they try cheat, they'll end up getting raped. And since it's +EV you're guaranteed to make a profit over enough time, although I highly doubt they'd cash you out

[betbit.co]

Dear players!

Yesterday we announced an experimental update with high and low payout options as our players suggested. Unfortunately today we noticed a bug at the system: our game core is based on theory of probability, but yesterday the impact of probability was calculated for all online players, but not individuals and because of this bug some players start winning more than it is possible and some of them lost their funds. We had users with 200 wins in a row and users who was losing again and again. So in this case the theory of probability doesn't work.

We beg our pardon to all our players! We want you to know, that our system already made yesterday's games analysis and refund appropriate bitcoins.

High and low payouts are removed.

---

P.S. We offer a new type of provably fair system. Here is how it works:

1. Before every bet, game generates number in a range 0 - 9.999.999 and random 12 symbols
2. After it encrypts them by following formula hash('sha512',(number+'-'+symbols))
3. Player can find the next game hash under win/lose section
4. As player makes a bet, rolled number appear in Betbit's eyes section and the random symbols - in "Plays" tab in left menu.
5. To check the hash, the player need to google any sha512 encryptor and place "random number" + "-" + "random symbols" there and encrypt them.

After all this steps, player can compare the hash of his game and hash that has been provided from the sha512 encryptor are same.

P.P.S. Random symbols and numbers are generating with programming standard randomize function - number=rand(0,9999999)

[salsa321]

Dear players!

Yesterday we announced an experimental update with high and low payout options as our players suggested. Unfortunately today we noticed a bug at the system: our game core is based on theory of probability, but yesterday the impact of probability was calculated for all online players, but not individuals and because of this bug some players start winning more than it is possible and some of them lost their funds. We had users with 200 wins in a row and users who was losing again and again. So in this case the theory of probability doesn't work.

We beg our pardon to all our players! We want you to know, that our system already made yesterday's games analysis and refund appropriate bitcoins.

High and low payouts are removed.

Thanks admin add tab chat,2fa,tip feature

[betbit.co]

Dear players!

Yesterday we announced an experimental update with high and low payout options as our players suggested. Unfortunately today we noticed a bug at the system: our game core is based on theory of probability, but yesterday the impact of probability was calculated for all online players, but not individuals and because of this bug some players start winning more than it is possible and some of them lost their funds. We had users with 200 wins in a row and users who was losing again and again. So in this case the theory of probability doesn't work.

We beg our pardon to all our players! We want you to know, that our system already made yesterday's games analysis and refund appropriate bitcoins.

High and low payouts are removed.

Thanks admin add tab chat,2fa,tip feature

Yes! We working on that... Soon it will be added

[B4RF]

Dear players!

Yesterday we announced an experimental update with high and low payout options as our players suggested. Unfortunately today we noticed a bug at the system: our game core is based on theory of probability, but yesterday the impact of probability was calculated for all online players, but not individuals and because of this bug some players start winning more than it is possible and some of them lost their funds. We had users with 200 wins in a row and users who was losing again and again. So in this case the theory of probability doesn't work.

We beg our pardon to all our players! We want you to know, that our system already made yesterday's games analysis and refund appropriate bitcoins.

High and low payouts are removed.

---

P.S. We offer a new type of provably fair system. Here is how it works:

1. Before every bet, game generates number in a range 0 - 9.999.999 and random 12 symbols
2. After it encrypts them by following formula hash('sha512',(number+'-'+symbols))
3. Player can find the next game hash under win/lose section
4. As player makes a bet, rolled number appear in Betbit's eyes section and the random symbols - in "Plays" tab in left menu.
5. To check the hash, the player need to google any sha512 encryptor and place "random number" + "-" + "random symbols" there and encrypt them.

After all this steps, player can compare the hash of his game and hash that has been provided from the sha512 encryptor are same.

P.P.S. Random symbols and numbers are generating with programming standard randomize function - number=rand(0,9999999)

What kind of theory of probability? There shouldn't be a difference in betting no matter what because the generated numbers are random right?
Or does your core actively change the outcome of the bets to achieve the "feeling" of a random game with losers and winners?

[betbit.co]

Dear players!

Yesterday we announced an experimental update with high and low payout options as our players suggested. Unfortunately today we noticed a bug at the system: our game core is based on theory of probability, but yesterday the impact of probability was calculated for all online players, but not individuals and because of this bug some players start winning more than it is possible and some of them lost their funds. We had users with 200 wins in a row and users who was losing again and again. So in this case the theory of probability doesn't work.

We beg our pardon to all our players! We want you to know, that our system already made yesterday's games analysis and refund appropriate bitcoins.

High and low payouts are removed.

---

P.S. We offer a new type of provably fair system. Here is how it works:

1. Before every bet, game generates number in a range 0 - 9.999.999 and random 12 symbols
2. After it encrypts them by following formula hash('sha512',(number+'-'+symbols))
3. Player can find the next game hash under win/lose section
4. As player makes a bet, rolled number appear in Betbit's eyes section and the random symbols - in "Plays" tab in left menu.
5. To check the hash, the player need to google any sha512 encryptor and place "random number" + "-" + "random symbols" there and encrypt them.

After all this steps, player can compare the hash of his game and hash that has been provided from the sha512 encryptor are same.

P.P.S. Random symbols and numbers are generating with programming standard randomize function - number=rand(0,9999999)

What kind of theory of probability? There shouldn't be a difference in betting no matter what because the generated numbers are random right?
Or does your core actively change the outcome of the bets to achieve the "feeling" of a random game with losers and winners?

Yes there is no difference no difference in betting and the generated number are random. Our core doesn't changes.... I’ll try to explain on example. If you play with 99% win chance, that means that in about 100 games you may lose ~1 time. So because of the bug in the system, this started to work not for 1 player, but all the online players (about 200). So there were players who didn’t lose during 200 bets and players who lost more then they suppose to lose

[B4RF]

-snip-

Yes there is no difference no difference in betting and the generated number are random. Our core doesn't changes.... I’ll try to explain on example. If you play with 99% win chance, that means that in about 100 games you may lose ~1 time. So because of the bug in the system, this started to work not for 1 player, but all the online players (about 200). So there were players who didn’t lose during 200 bets and players who lost more then they suppose to lose

But this should always work for all the online players.
The numbers are generated at random which causes a win/loss rate close to the payout/win-percentage you are betting on.
The system can't effect any winning/losing because it shouldn't consider the betting parameters of the user but only provide a random number no matter if it is a losing or winning number for the next bet.

[betbit.co]

-snip-

Yes there is no difference no difference in betting and the generated number are random. Our core doesn't changes.... I’ll try to explain on example. If you play with 99% win chance, that means that in about 100 games you may lose ~1 time. So because of the bug in the system, this started to work not for 1 player, but all the online players (about 200). So there were players who didn’t lose during 200 bets and players who lost more then they suppose to lose

But this should always work for all the online players.
The numbers are generated at random which causes a win/loss rate close to the payout/win-percentage you are betting on.
The system can't effect any winning/losing because it shouldn't consider the betting parameters of the user but only provide a random number no matter if it is a losing or winning number for the next bet.

Yes you are absolutely right... We are speaking about same thing I just trying to explain what kind of bug did we have yesterday.Now everything is fixed..

[DarkStar_]

P.S. We offer a new type of provably fair system. Here is how it works:

1. Before every bet, game generates number in a range 0 - 9.999.999 and random 12 symbols
2. After it encrypts them by following formula hash('sha512',(number+'-'+symbols))
3. Player can find the next game hash under win/lose section
4. As player makes a bet, rolled number appear in Betbit's eyes section and the random symbols - in "Plays" tab in left menu.
5. To check the hash, the player need to google any sha512 encryptor and place "random number" + "-" + "random symbols" there and encrypt them.

The new provably fair system is very flawed. It isn't actually provably fair, only provably determined. As the house, if you see someone running a martingale bot and betting high, you can purposely give that player hashes that are low numbers and cause them to bust. Most people also don't switch between Hi/Lo, or do it in a pattern, so it isn't hard to write a script to predict what they will use next, and send a "random" number to make them lose. I suggest you look into the nonce system + client seed system Primedice/Justdice/Most dice sites use, or use the system moneypot does.

[Solidic]

Dear players!

Yesterday we announced an experimental update with high and low payout options as our players suggested. Unfortunately today we noticed a bug at the system: our game core is based on theory of probability, but yesterday the impact of probability was calculated for all online players, but not individuals and because of this bug some players start winning more than it is possible and some of them lost their funds. We had users with 200 wins in a row and users who was losing again and again. So in this case the theory of probability doesn't work.

We beg our pardon to all our players! We want you to know, that our system already made yesterday's games analysis and refund appropriate bitcoins.

Thank you, I appreciate  honesty in admitting the bug. No matter what I did yesterday I kept losing, with what must have been 1 in a million bad luck. Here's an example of some of my losses, this one for example playing with "99%" win chance:

https://i.imgur.com/rlKqfkx.png

Obviously as you say, that was a bug in the system. However I was only refunded 0.2 BTC while my total losses are: -3.39258981 BTC.  I do not think anything but a full refund in this case is fair. My username is "player", if you could refund the remaining 3.19 BTC to my account I will be happy to continue playing

[betbit.co]

Dear players!

Yesterday we announced an experimental update with high and low payout options as our players suggested. Unfortunately today we noticed a bug at the system: our game core is based on theory of probability, but yesterday the impact of probability was calculated for all online players, but not individuals and because of this bug some players start winning more than it is possible and some of them lost their funds. We had users with 200 wins in a row and users who was losing again and again. So in this case the theory of probability doesn't work.

We beg our pardon to all our players! We want you to know, that our system already made yesterday's games analysis and refund appropriate bitcoins.

Thank you, I appreciate  honesty in admitting the bug. No matter what I did yesterday I kept losing, with what must have been 1 in a million bad luck. Here's an example of some of my losses, this one for example playing with "99%" win chance:

https://i.imgur.com/rlKqfkx.png

Obviously as you say, that was a bug in the system. However I was only refunded 0.2 BTC while my total losses are: -3.39258981 BTC.  I do not think anything but a full refund in this case is fair. My username is "player", if you could refund the remaining 3.19 BTC to my account I will be happy to continue playing

Hello dear player.

We beg our pardon that you affected from that terrible bug. Our technical team looked at your betting history and noticed that You made 29 bets not in a "buggy" range. Also I want you to know that yesterday's "buggy" bet analysis and calculation has been done by robot. It determined how much was the actual lost and based on that analysis we refund bitcoins, that players lost because of that bug.

[Solidic]

Hello dear player.

We beg our pardon that you affected from that terrible bug. Our technical team looked at your betting history and noticed that You made 29 bets not in a "buggy" range. Also I want you to know that yesterday's "buggy" bet analysis and calculation has been done by robot. It determined how much was the actual lost and based on that analysis we refund bitcoins, that players lost because of that bug.

This doesn't make sense. I made hundreds or perhaps thousands of bets and if only 29 were not buggy I don't know how you can say I only get a 0.2 refund. If I did win by take advantage of your system like if it thought I was going to bet low, and instead bet high. You would refuse to cash out the money. So anything less than a full refund is unfair.

When I made like 10 bets with 99% win chance, I lose like 8 of them. The undeniable truth is I was cheated, I am willing to accept it was an accident and try your site more, but to keep my money from it is a scam. A refund of only 0.2 is an insult