Bitcoin Betting Website - Multiplayer Onchain Gambling on Block Hash Randomness

[Bitcoin Gambling]

Bitcoin Betting Website

www.BitcoinBetting.website is a multiplayer gambling game, standing on a very simple question - What would be the last digit of the block hash that includes your transaction? Players guess last digit of the block hash and bet on that. Sum of all incorrect bets get distributed among correct bets in the same ratio of bet amount. House takes 1% from sum of all bets before distribution.


Frequently Asked Questions :-

1. I have sent bitcoin to the generated address, but it is not showing up. Why?
Do not worry. If it does not show up immediately, it'll be there as soon as it gets a confirmation.

2. My transaction is now confirmed. But, it is still showing as unconfirmed. Why?
We confirm a transaction once it receives 2 confirmations.

3. Can I generate multiple addresses and send bitcoins to them in a single transaction?
Yes. You can.

4. Is there any minimum amount of bitcoin that is to be sent?
Yes. You must send at least 0.0005 BTC. Anything below will be considered as donation.

5. Can I send multiple transactions to a single address?
No. Only the first transaction received by the generated address will be considered as bet and all further transactions will be considered as donation.

6. What happens if everyone has lost in a block?
No one gets anything back.

7. What happens if everyone has won in a block?
Everyone gets back their deposit in that block.


Please try this new game and post your feedback below.

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[shoetrees]

This sounds very much for people who like Pai Gow.

> I know you said if no one guesses then everyone loses, but why not roll it over?
> How many people do you currently have playing?

[amacar2]

Oh man wining odd is just 1/16 which is so low and you also take all money if no one can guess it right and what will happen if only one have placed bet on one guess. He will only get 99% either if he win or lost all if he can't guess it right. Addining time will be nice as round and showing number of participants will be good.

[RocketSingh]

Wow! The idea seems to be absolutely new. Really innovative. But, does anyone know if the last digit of a block hash is really random?

[DarkStar_]

This game is never going to get very popular, because it is too -EV for the gambler with low volume. People will probably be scared to play because of the -EV and therefore not much volume will done at this site. You should add your own bankroll and make is Player vs House to attract more people.

[The_prodigy]

This game is never going to get very popular, because it is too -EV for the gambler with low volume. People will probably be scared to play because of the -EV and therefore not much volume will done at this site. You should add your own bankroll and make is Player vs House to attract more people.

Yeah i think your right because this game is not yet popular so you can not get more people to play. so its better to set as player to  house edge..
After you made lots of players you can start right now your  player to player..

[Bitcoin Gambling]

Thank you everyone for your comments & suggestion. I'll make sure to implement the changes to return all lost rounds back to the gamblers and re-launch the game. Is there any other suggestion for betterment?

[Sir_lagsalot]

The bet volume is just too low ATM. The 1/16 chance does not support this either, people will turn away as it's just too risky.

-EV is real.

Maybe the option to group letters together (2 at a time, 3 at a time) for a less ballsy and less profitable bet?

[Bitcoin Gambling]

Thank you everyone for your comments & suggestion. I'll make sure to implement the changes to return all lost rounds back to the gamblers and re-launch the game. Is there any other suggestion for betterment?

Required changes have been made. I am locking this thread. Please continue discussion in this thread - https://bitcointalk.org/index.php?topic=1484049.0