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

[adaseb]

Certain important changes has been made at https://www.Chain-Bet.com . . .

- Now, the winning is 15x.

- Nothing is deducted from bet amount any more.

- Minimum amount of bet is now 0.005 BTC.

What sparked the decision to lower the multiplier down to 15x? That brings the house edge up to a whopping 6.25%, which is over 6 times the bitcoin gambling industry standard (1%). There is almost 0 point in betting here now (only reason to bet is to wager and try to make a profit block hashes specifically). Taking the fixed fee would probably still be better for the player, since a 0.02BTC bet @ 5% edge is still lower than a 0.02BTC bet @ 6.25% edge. Way better to play on a normal dice site.

Yeah I'm pretty sure people will still gamble even with the higher house edge. Reason being is that most people these days are tired of dice and want something different.

Same way by people go to Casinos and instead of playing Roulette which has a low house edge they play slots which has the highest house edge there is.

This way you get to watch the blocks go by and you got protection that you aren't being cheated simply by Bitcoins huge hashrate

[1714965322]

1714965322

[1714965322]

1714965322

[bruboi]

Certain important changes has been made at https://www.Chain-Bet.com . . .

- Now, the winning is 15x.

- Nothing is deducted from bet amount any more.

- Minimum amount of bet is now 0.005 BTC.

What sparked the decision to lower the multiplier down to 15x? That brings the house edge up to a whopping 6.25%, which is over 6 times the bitcoin gambling industry standard (1%). There is almost 0 point in betting here now (only reason to bet is to wager and try to make a profit block hashes specifically). Taking the fixed fee would probably still be better for the player, since a 0.02BTC bet @ 5% edge is still lower than a 0.02BTC bet @ 6.25% edge. Way better to play on a normal dice site.

Yeah I'm pretty sure people will still gamble even with the higher house edge. Reason being is that most people these days are tired of dice and want something different.

Same way by people go to Casinos and instead of playing Roulette which has a low house edge they play slots which has the highest house edge there is.

This way you get to watch the blocks go by and you got protection that you aren't being cheated simply by Bitcoins huge hashrate

It is not nice that multiplier has been decreased for me as player but I think adaseb is right. I like this game because on the one hand I can choose which number I want to play and on the second hand I can verify the bet is fair without checking complex algorithms. I don't like to play standard dice games because most of them just have like bet high or low crap.

One advantage with new rules is that you can also send small bets without losing a lot for transaction processing.

[DarkStar_]

It is not nice that multiplier has been decreased for me as player but I think adaseb is right. I like this game because on the one hand I can choose which number I want to play and on the second hand I can verify the bet is fair without checking complex algorithms. I don't like to play standard dice games because most of them just have like bet high or low crap.

One advantage with new rules is that you can also send small bets without losing a lot for transaction processing.

That's very rich of you to pay an extra 4% per bet (and probably more, because tx fees and some sites have a lower edge) just because you want easy verification. If you bet very few, it's not that hard to read up on the algorithm (it's not that complex), and verify the bets yourself. Have you read up on how the hash of bitcoin blocks are generated, and verified that it is random? Also, it's worth noting that some dice sites go as low as 0.5% for a house edge, which is a lot better than 5%. There are other provably fair games with a low house edge, that aren't dice, and there are different twists on dice (like choosing the winning range).

I think it would be way better if Chain-Bet went offchain (or offered that as an option), and let you bet on block hashes for specific blocks. I'd probably play if they did that, if the multiplier was raised.

[bruboi]

It is not nice that multiplier has been decreased for me as player but I think adaseb is right. I like this game because on the one hand I can choose which number I want to play and on the second hand I can verify the bet is fair without checking complex algorithms. I don't like to play standard dice games because most of them just have like bet high or low crap.

One advantage with new rules is that you can also send small bets without losing a lot for transaction processing.

That's very rich of you to pay an extra 4% per bet (and probably more, because tx fees and some sites have a lower edge) just because you want easy verification. If you bet very few, it's not that hard to read up on the algorithm (it's not that complex), and verify the bets yourself. Have you read up on how the hash of bitcoin blocks are generated, and verified that it is random? Also, it's worth noting that some dice sites go as low as 0.5% for a house edge, which is a lot better than 5%. There are other provably fair games with a low house edge, that aren't dice, and there are different twists on dice (like choosing the winning range).

I think it would be way better if Chain-Bet went offchain (or offered that as an option), and let you bet on block hashes for specific blocks. I'd probably play if they did that, if the multiplier was raised.

I can tell you from experience, I have thrown away thousands of dollar in sites like SatoshiBones. I play now like one month here at chain-bet and won about 1.2 btc here. All losings are already calculated into that amount. So at the moment the edge is on my side . The only thing is, you need to choose your number wise ;-) If you change your decision to often you gonna lose.

What I am saying is, if you know a game where you can choose the exact numbers by your self and not bet like at SatoshiBones or high low stuff.. then tell me. I like the concept of this game very much.. and if you go to a casino to play roulette the house edge is also about 6.25%.

[BTCevo]

Certain important changes has been made at https://www.Chain-Bet.com . . .

- Now, the winning is 15x.

- Nothing is deducted from bet amount any more.

- Minimum amount of bet is now 0.005 BTC.

What sparked the decision to lower the multiplier down to 15x? That brings the house edge up to a whopping 6.25%, which is over 6 times the bitcoin gambling industry standard (1%). There is almost 0 point in betting here now (only reason to bet is to wager and try to make a profit block hashes specifically). Taking the fixed fee would probably still be better for the player, since a 0.02BTC bet @ 5% edge is still lower than a 0.02BTC bet @ 6.25% edge. Way better to play on a normal dice site.

Yeah I'm pretty sure people will still gamble even with the higher house edge. Reason being is that most people these days are tired of dice and want something different.

Same way by people go to Casinos and instead of playing Roulette which has a low house edge they play slots which has the highest house edge there is.

This way you get to watch the blocks go by and you got protection that you aren't being cheated simply by Bitcoins huge hashrate

On slots case although there ia high house edge, people still can win huge amoun. It gives goos payout, mean while on here that is max payout is only 15x. Compare to other site this is really bad. I can say that 5% on freebitco.in is better than here cause they still give something good like reward point for each wagered and that is really worth of something after you collect it X amount

[actmyname]

I can tell you from experience, I have thrown away thousands of dollar in sites like SatoshiBones. I play now like one month here at chain-bet and won about 1.2 btc here. All losings are already calculated into that amount. So at the moment the edge is on my side . The only thing is, you need to choose your number wise ;-) If you change your decision to often you gonna lose.

What I am saying is, if you know a game where you can choose the exact numbers by your self and not bet like at SatoshiBones or high low stuff.. then tell me. I like the concept of this game very much.. and if you go to a casino to play roulette the house edge is also about 6.25%.

That's American roulette, with the two zeroes.

Moneypot has a roulette game. House edge about 2.5%.

So does crypto-games, and it's provably fair and verifiable. But this one is 2.7%, the same as European roulette.


Be as it may, despite your current winnings, you would still be at an overall disadvantage playing this game.

Why would you pay (possibly) 10 times more to play a game you enjoy a little more? (Especially when you play with high amounts of money) I personally prefer blackjack to dice but that's perfectly fine for me since the house edge there is also usually low (<1%).

[bruboi]

I can tell you from experience, I have thrown away thousands of dollar in sites like SatoshiBones. I play now like one month here at chain-bet and won about 1.2 btc here. All losings are already calculated into that amount. So at the moment the edge is on my side . The only thing is, you need to choose your number wise ;-) If you change your decision to often you gonna lose.

What I am saying is, if you know a game where you can choose the exact numbers by your self and not bet like at SatoshiBones or high low stuff.. then tell me. I like the concept of this game very much.. and if you go to a casino to play roulette the house edge is also about 6.25%.

That's American roulette, with the two zeroes.

Moneypot has a roulette game. House edge about 2.5%.

So does crypto-games, and it's provably fair and verifiable. But this one is 2.7%, the same as European roulette.


Be as it may, despite your current winnings, you would still be at an overall disadvantage playing this game.

Why would you pay (possibly) 10 times more to play a game you enjoy a little more? (Especially when you play with high amounts of money) I personally prefer blackjack to dice but that's perfectly fine for me since the house edge there is also usually low (<1%).

I have tried a couple of those 1% house edge games and lost a lot. I believe most of them are not really 1%.. They tell you that with this hashing algorithm and server seed you have 50% chance of winning. But in reality you have like 30% chance of winning...

Here the house edge is 6,25%. So it is 6 times higher than other games but here I win. So I don't care about how much I potentially pay more if in reality I don't

 

[actmyname]

They tell you that with this hashing algorithm and server seed you have 50% chance of winning. But in reality you have like 30% chance of winning...

This is just flat-out wrong. You can verify each bet and see the algorithm in which they determine results. It is PROVABLY fair, meaning there will be no inconsistencies with the result and what they advertise.

Here the house edge is 6,25%. So it is 6 times higher than other games but here I win. So I don't care about how much I potentially pay more if in reality I don't

Anecdotal evidence is not a reliable source. Suppose we do a coin flip and it's 50-50 odds but I lost every time to you.

Now suppose I do a coin flip against another person with 25-75 odds in their favor but I won two times out of three.

Anecdotally I won more from the 25-75 odds but in reality it's better to bet on better odds.


Your experiences will not have any impact on the mathematics. Don't try to say the house edge is something it's not.

[bruboi]

Your experiences will not have any impact on the mathematics. Don't try to say the house edge is something it's not.

Today I tried safedice and lost it all But I won it back here... So maybe you can use your mathematics to increase your chance of guessing the right number

[adaseb]

Your experiences will not have any impact on the mathematics. Don't try to say the house edge is something it's not.

Today I tried safedice and lost it all But I won it back here... So maybe you can use your mathematics to increase your chance of guessing the right number

Congrats that you won something but it actually doesn't mean anything. You simply had bad luck when playing on Safedice and had good luck when you played on here.

I highly doubt you can find some edge, you can look at the blockchain and see if there are any numbers that appear consecutively and just don't bet on those to increase your chances or bet on the numbers that haven't appeared in a while.

Either way you can do the exact same statics with dice.

[bruboi]

Your experiences will not have any impact on the mathematics. Don't try to say the house edge is something it's not.

Today I tried safedice and lost it all But I won it back here... So maybe you can use your mathematics to increase your chance of guessing the right number

Congrats that you won something but it actually doesn't mean anything. You simply had bad luck when playing on Safedice and had good luck when you played on here.

I highly doubt you can find some edge, you can look at the blockchain and see if there are any numbers that appear consecutively and just don't bet on those to increase your chances or bet on the numbers that haven't appeared in a while.

Either way you can do the exact same statics with dice.

Sure I have luck at the moment.. I just don't see why people try to convince me to stop playing here and move on to some dice site.. Never stop a winning streak

[adaseb]

Your experiences will not have any impact on the mathematics. Don't try to say the house edge is something it's not.

Today I tried safedice and lost it all But I won it back here... So maybe you can use your mathematics to increase your chance of guessing the right number

Congrats that you won something but it actually doesn't mean anything. You simply had bad luck when playing on Safedice and had good luck when you played on here.

I highly doubt you can find some edge, you can look at the blockchain and see if there are any numbers that appear consecutively and just don't bet on those to increase your chances or bet on the numbers that haven't appeared in a while.

Either way you can do the exact same statics with dice.

Sure I have luck at the moment.. I just don't see why people try to convince me to stop playing here and move on to some dice site.. Never stop a winning streak

There is nothing wrong with this gambling site. The people who posted before are spreading FUD. The only thing that makes this site different from dice is that the house edge is a little higher.

Right now there is no way to cheat and withhold blocks to get a certain hex number. Yes its possible but mining farms are not going to give away full blocks of 12.5BTC+Fees just to cheat on this site. And FUDsters just keep complaining saying that its very easy to cheat and the site will lose its capital and become insolvent. Its ridiculous.

[DarkStar_]

Your experiences will not have any impact on the mathematics. Don't try to say the house edge is something it's not.

Today I tried safedice and lost it all But I won it back here... So maybe you can use your mathematics to increase your chance of guessing the right number

Congrats that you won something but it actually doesn't mean anything. You simply had bad luck when playing on Safedice and had good luck when you played on here.

I highly doubt you can find some edge, you can look at the blockchain and see if there are any numbers that appear consecutively and just don't bet on those to increase your chances or bet on the numbers that haven't appeared in a while.

Either way you can do the exact same statics with dice.

Sure I have luck at the moment.. I just don't see why people try to convince me to stop playing here and move on to some dice site.. Never stop a winning streak

There is nothing wrong with this gambling site. The people who posted before are spreading FUD. The only thing that makes this site different from dice is that the house edge is a little higher.

Right now there is no way to cheat and withhold blocks to get a certain hex number. Yes its possible but mining farms are not going to give away full blocks of 12.5BTC+Fees just to cheat on this site. And FUDsters just keep complaining saying that its very easy to cheat and the site will lose its capital and become insolvent. Its ridiculous.

Who said anything about it being easy to cheat?

[bruboi]

Your experiences will not have any impact on the mathematics. Don't try to say the house edge is something it's not.

Today I tried safedice and lost it all But I won it back here... So maybe you can use your mathematics to increase your chance of guessing the right number

I did, but it was sarcastic..

[Albert Hamilton]

Your experiences will not have any impact on the mathematics. Don't try to say the house edge is something it's not.

Today I tried safedice and lost it all But I won it back here... So maybe you can use your mathematics to increase your chance of guessing the right number

Congrats that you won something but it actually doesn't mean anything. You simply had bad luck when playing on Safedice and had good luck when you played on here.

I highly doubt you can find some edge, you can look at the blockchain and see if there are any numbers that appear consecutively and just don't bet on those to increase your chances or bet on the numbers that haven't appeared in a while.

Either way you can do the exact same statics with dice.

Sure I have luck at the moment.. I just don't see why people try to convince me to stop playing here and move on to some dice site.. Never stop a winning streak

There is nothing wrong with this gambling site. The people who posted before are spreading FUD. The only thing that makes this site different from dice is that the house edge is a little higher.

Right now there is no way to cheat and withhold blocks to get a certain hex number. Yes its possible but mining farms are not going to give away full blocks of 12.5BTC+Fees just to cheat on this site. And FUDsters just keep complaining saying that its very easy to cheat and the site will lose its capital and become insolvent. Its ridiculous.

Who said anything about it being easy to cheat?

You. Here...

Although personally I'd be too skeptical to play here. The site is trivial for a miner to profitably (and undetectably) cheat...   (and even more so for a mining pool, which can cheat it's miners at the same time if they have to discard a block)

The very concept of miners can cheat profitably this game was debunked long ago. Check this thread for further info - https://bitcointalk.org/index.php?topic=1493510.0.

That thread didn't debunk anything - it just said that miners can't pick the block hash. However, they can still no broadcast blocks that contain a losing hash, and hope to get a winning hash. A bad actor pool might make a large bet on every character except one with a very low (possibly 0) fee. They can than use bitcoind to treat their tx as a 100 BTC fee transaction, so it would be added into the next block the pool finds. They can set it so the pool owner needs to check the block before it's broadcast to the network, and if it is a losing hash, they can chose to withhold the block (screwing the miners, but letting them be more likely to win).

[BTCevo]

Your experiences will not have any impact on the mathematics. Don't try to say the house edge is something it's not.

Today I tried safedice and lost it all But I won it back here... So maybe you can use your mathematics to increase your chance of guessing the right number

This is just a math problem here that we face when we gambling. This is matter of luck when it comes to gambling more over if you profit enough because, if there is an house edge this is pretty easy to calculated the chances but I do not think that will pretty much easy if you not in a luck mode. Although if you bet 15 times doesnt mean you will win once. Sometimes you will suffer more too. And btw congrats for your winning here

[DarkStar_]

Your experiences will not have any impact on the mathematics. Don't try to say the house edge is something it's not.

Today I tried safedice and lost it all But I won it back here... So maybe you can use your mathematics to increase your chance of guessing the right number

Congrats that you won something but it actually doesn't mean anything. You simply had bad luck when playing on Safedice and had good luck when you played on here.

I highly doubt you can find some edge, you can look at the blockchain and see if there are any numbers that appear consecutively and just don't bet on those to increase your chances or bet on the numbers that haven't appeared in a while.

Either way you can do the exact same statics with dice.

Sure I have luck at the moment.. I just don't see why people try to convince me to stop playing here and move on to some dice site.. Never stop a winning streak

There is nothing wrong with this gambling site. The people who posted before are spreading FUD. The only thing that makes this site different from dice is that the house edge is a little higher.

Right now there is no way to cheat and withhold blocks to get a certain hex number. Yes its possible but mining farms are not going to give away full blocks of 12.5BTC+Fees just to cheat on this site. And FUDsters just keep complaining saying that its very easy to cheat and the site will lose its capital and become insolvent. Its ridiculous.

Who said anything about it being easy to cheat?

You. Here...

Although personally I'd be too skeptical to play here. The site is trivial for a miner to profitably (and undetectably) cheat...   (and even more so for a mining pool, which can cheat it's miners at the same time if they have to discard a block)

The very concept of miners can cheat profitably this game was debunked long ago. Check this thread for further info - https://bitcointalk.org/index.php?topic=1493510.0.

That thread didn't debunk anything - it just said that miners can't pick the block hash. However, they can still no broadcast blocks that contain a losing hash, and hope to get a winning hash. A bad actor pool might make a large bet on every character except one with a very low (possibly 0) fee. They can than use bitcoind to treat their tx as a 100 BTC fee transaction, so it would be added into the next block the pool finds. They can set it so the pool owner needs to check the block before it's broadcast to the network, and if it is a losing hash, they can chose to withhold the block (screwing the miners, but letting them be more likely to win).

I never said it was easy to do, and it's way more profitable to just earn off the pool fees than to try to win with Chain-Bet. Miners also get a "block found" notification if they are running cgminer on their local miner, so the pool that is trying to do that would have a lot to explain. The pool would also have bad "luck", driving people away and reducing the profits of the pool owner.

I stated that it was possible - never have I said that it was easy.

[Rupert Murdoch]

@OP Do u accept investment in the bankroll?

[RocketSingh]

@OP Do u accept investment in the bankroll?

Check this - https://bitcointalk.org/index.php?topic=1643248.0

[bruboi]

Here's some feedback from my side,
as I already stated, I like your game very much. One thing that is very annoying is the captcha which you have to solve every time you bet. Is there a possibility to change that?

What I also miss is the possibility to bet on the number next to the last of confirmation hash. Would be nice if you can implement that too.. I would enjoy to place one bet on the last number and one bet on the number next to the last

Would be nice if admin could comment on that