Chain-Bet.com | On Chain | No KYC | 15x Win | Provably Fair | Since 2016

[olubams]

We have now experimentally raised the Player vs House multiplying to 16x. This means, the game is now running on 0% house edge. This might be for a little while. Do NOT miss this opportunity to multiplying your bitcoins! Any further changes will be notified here. Thank you everyone for showing interest in this new game.

With this increasing odds, in my own opinion, its either its actually a way to increase users on this platform or two the rate of losing is high as someone has rightly said that reds signifying losses are on the rise...

[DutchDemon]

With this increasing odds

At 0% House Edge, odds are at its lowest.

its actually a way to increase users on this platform

What's wrong with that?

the rate of losing is high as someone has rightly said that reds signifying losses are on the rise...

That is because, even if a player bet on multiple options at a time, each and every option is shown as individual bet. Hence, the visual impact is showing more red. Actually, now, one green is 16x more powerful than one red. Moreover, if u verify the bet time stamp on blockchain, u'll find most of the bets were placed when House Edge was high, i.e. return was far lower than 16x.

[Bitcoin Gambling]

We have temporarily quashed the Player vs Player game, as it was creating confusion for new players. Now, every bet is placed directly against house.

[Bitcoin Marketing]

We liked the reCAPTCHA !!!

Where can we find the script for it ?


Thanks
 

[raphma]

nice game, that's a very good way to have a provably fair game but the odds are still not matching the payment...

EV= (-15*1/16) + (3*1/16) = -0.75........Translation: expect to lose 75% of your money on average.
                                                        Interpretation: don't be stupid enough to play against the house.

We have temporarily quashed the Player vs Player game, as it was creating confusion for new players. Now, every bet is placed directly against house.

See my point? 

[Victor Beckham]

nice game, that's a very good way to have a provably fair game but the odds are still not matching the payment...

EV= (-15*1/16) + (3*1/16) = -0.75........Translation: expect to lose 75% of your money on average.
                                                        Interpretation: don't be stupid enough to play against the house.

We have temporarily quashed the Player vs Player game, as it was creating confusion for new players. Now, every bet is placed directly against house.

See my point? 

You have referred to a quote which is more than three months old. At that point, return was 4 times. Hence, house edge was 75%. Now, return is 16 times. Hence, house edge is 0%. The current formula for the calculation is as follows...

EV= (-15*1/16) + (15*1/16) = 0

[Rupert Murdoch]

We liked the reCAPTCHA !!!

Where can we find the script for it ?


Thanks
 

Check this.

[Bitcoin Gambling]

Maximum bet amount allowed has been raised from 0.1 BTC to 1 BTC. Anything over this amount will be considered as donation.

[Erza]

Actually this is the first time that I saw your site and after I read some of your game explanation, it is quite good though. You should give more promotion on this so you will get more players. Anyway after we win, our payout will deduct any fees? Or it is pure 16x payout?

[Angelina Jolie]

Anyway after we win, our payout will deduct any fees? Or it is pure 16x payout?

From the FAQ and existing bets placed, it can be said that they deduct 0.0002 BTC from each bet sent to their address as transaction processing fee. Following is taken from their FAQ...

7. Why is 0.0002 BTC missing from the bet amount I sent?

A transaction processing fee of 0.0002 BTC is deducted from each bet.

So, if u send 0.1002 BTC, your bet amount will be 0.1 BTC. And if you win, u'll get back 1.6 BTC. I hope, OP may confirm this explanation.

[Bitcoin Gambling]

Actually this is the first time that I saw your site and after I read some of your game explanation, it is quite good though. You should give more promotion on this so you will get more players.

Nice to know that you liked the game and thank you so much for your suggestion.

Anyway after we win, our payout will deduct any fees? Or it is pure 16x payout?

From the FAQ and existing bets placed, it can be said that they deduct 0.0002 BTC from each bet sent to their address as transaction processing fee. Following is taken from their FAQ...

7. Why is 0.0002 BTC missing from the bet amount I sent?

A transaction processing fee of 0.0002 BTC is deducted from each bet.

So, if u send 0.1002 BTC, your bet amount will be 0.1 BTC. And if you win, u'll get back 1.6 BTC. I hope, OP may confirm this explanation.

Yes. Correct explanation.

[CrazyJoker]

Is it the only game running with 0% house edge?

is this for real? 0 house edge? just can't say how this things would work or how the house will profits from this site if the house edge where 0% let me see it by myself and check this site.

Seems like the no. of winning bets have significantly increased since the game turned into 0% house edge.

[DutchDemon]

Is it the only game running with 0% house edge?

is this for real? 0 house edge? just can't say how this things would work or how the house will profits from this site if the house edge where 0% let me see it by myself and check this site.

Seems like the no. of winning bets have significantly increased since the game turned into 0% house edge.

That's pretty normal. But, I wonder how long they can continue with 0%.

[Aurum]

Can you proof you have 16 btc or more if someone play 1 btc and win?

[AOL]

Can you proof you have 16 btc or more if someone play 1 btc and win?

AFAIK, gambling games dont show proof of fund unless they are taking investment in bankroll.

[Victor Beckham]

Actually this is the first time that I saw your site and after I read some of your game explanation, it is quite good though. You should give more promotion on this so you will get more players.

Cant agree more. This game brings in a very original idea which requires more promotion.

[RocketSingh]

We liked the reCAPTCHA !!!

Where can we find the script for it ?


Thanks
 

Check this.

WoW! I like how u replied to his question.

[TigerMart]

Is it possible for miners to team up and wash the bankroll of this site?

[Jimmy Wales]

Is it possible for miners to team up and wash the bankroll of this site?

Nopes. Here is why...

I think the "threshold" for risking losing 99.99% of earning 12.5 BTC is a gamble of how many percent of their hashpower is to the total network of about double or triple. Or 25 BTC. Or more.

No miner in his right mind will give up the current block reward for anything less than double or triple that. I think no miner would give up 12.5 BTC unless the gamble has a higher than 50% chance of earning 25 BTC, or a higher than 75% of earning 50 BTC (if the bet or prize gets that big).

Now if the last digit of a block hash is used in conjunction with a secret, then the website owner would have to collude with a large or strong miner or a pool.

Currently, there is no known single pool or sufficiently large solo miner that has the hashpower to even consider this kind of attack, plus it is a gamble, so why would they do it?

So, the winning amount, i.e. 16 BTC, is more than a block reward, i.e. 12.5 BTC. Do u think, miners may hold a block now if they place 1 BTC bet with a wrong choice? Appears impossible to me...

Nope. Too risky for a winning amount that small. I'd rather take the 12.5 BTC because I have that now. (not even guaranteed).

[CrazyJoker]

Anyone tried this so far?

Odds are very strange and really high as compared with winning chance so that players are not interested to place bet there, i think some kind of attractive payout ratio can make this site more better to get attention from players.

After 4 months of operation, this game probably has the most attractive payout ratio among known bitcoin gambling games.