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

[adaseb]

Is this game still working?

No it's not. I think they closed their doors

Please check https://www.chain-bet.com. Looking at the dashboard, it should be pretty clear to anyone that the game is working as is.

It's incredibly stupid to play on Chain-Bet right now though, with a 37.5% house edge. Even the owners know about this, and the claim that the fees are too high just don't cut it when you use 9 sat/byte.

I think this is no different than the slots you find in casinos or those video poker machines in some bars.

Basically the house edge is clearly a rip-off but people are still playing their game.

All they need is a few gamblers a day and it's goodnprofot for them.

[DutchDemon]

I think this is no different than the slots you find in casinos or those video poker machines in some bars.

Basically the house edge is clearly a rip-off but people are still playing their game.

All they need is a few gamblers a day and it's goodnprofot for them.

I dunno how house edge is calculated. I check winning % in bet history. Right now, there are 5 10x wins out of last 50 bets. Which means, winning ratio is 50:50. Is not it good?

Moreover, dice sites, that require user to sign up, may track betting pattern of a gambler and generate random numbers accordingly. This probability is absolutely non-existent in this game.

[runz]

I think this is no different than the slots you find in casinos or those video poker machines in some bars.

Basically the house edge is clearly a rip-off but people are still playing their game.

All they need is a few gamblers a day and it's goodnprofot for them.

I dunno how house edge is calculated. I check winning % in bet history. Right now, there are 5 10x wins out of last 50 bets. Which means, winning ratio is 50:50. Is not it good?

Moreover, dice sites, that require user to sign up, may track betting pattern of a gambler and generate random numbers accordingly. This probability is absolutely non-existent in this game.

Most of the wins on the bet history are from the site administrator himself. Just look at the history of this site. The site operator tried to lure in some gamblers with his so called 0% house edge. After some people started to play and lost lots of money, he changed to 37% house edge and also reduced maximum betting amount. Chain-bet.com just scams you in a very clever way.. so be careful

HaHa it seems like the operator of this site manipulates the bet history  . This address https://blockchain.info/address/1HymtXgagEJjHQAX2UwpwrD6P1Vr6PAaF1 sends bets only to chain-bet.com and always wins!! With this behavior I don't trust this site

[runz]

So, it should be incredibly clever to invest on Chain-Bet bankroll. If u think so, u may head on to this thread - https://bitcointalk.org/index.php?topic=2239307.0.

Nice try, alt account of "Bitcoin Gambling"

[DarkStar_]

I think this is no different than the slots you find in casinos or those video poker machines in some bars.

Basically the house edge is clearly a rip-off but people are still playing their game.

All they need is a few gamblers a day and it's goodnprofot for them.

I dunno how house edge is calculated. I check winning % in bet history. Right now, there are 5 10x wins out of last 50 bets. Which means, winning ratio is 50:50. Is not it good?

Moreover, dice sites, that require user to sign up, may track betting pattern of a gambler and generate random numbers accordingly. This probability is absolutely non-existent in this game.

Hello, other alt account of Chain-Bet. I'd request that you stop with your many alt accounts, and to just stick to one or two, please. Using alts to defend yourself as well as accuse competitors of creating fraudulent provably fair systems (kinda funny how someone who doesn't know how to calculate house edge somehow knows that provably fair can be broken) doesn't look good on your part. Here's the house edge calculation:

Code:

(1/16)*9+(15/16)*-1

Which gives -0.375, or a 37.5% edge. Can be applied with any game, such as a 1% house edge 2x dice roll:

Code:

(49.5/100)*1+(50.5/100)*-1

A large winning percentage in the past 50 bets can be easily accounted to variance.

[Cavin.Me]

Moreover, dice sites, that require user to sign up, may track betting pattern of a gambler and generate random numbers accordingly.

Is that possible? If yes, how?

[game-protect]

I think this is no different than the slots you find in casinos or those video poker machines in some bars.

Basically the house edge is clearly a rip-off but people are still playing their game.

All they need is a few gamblers a day and it's goodnprofot for them.

I dunno how house edge is calculated. I check winning % in bet history. Right now, there are 5 10x wins out of last 50 bets. Which means, winning ratio is 50:50. Is not it good?

In this case you did not lose anything, but 50 bets are not representative.

Moreover, dice sites, that require user to sign up, may track betting pattern of a gambler and generate random numbers accordingly. This probability is absolutely non-existent in this game.

You can track betting patterns without signing up.

If the games are not provably fair, they can generate whatever they like and this totally independent of your betting pattern!

[runz]

This game is just scam by design

[Bitcoin Gambling]

This game is just scam by design

How?

[DutchDemon]

Moreover, dice sites, that require user to sign up, may track betting pattern of a gambler and generate random numbers accordingly. This probability is absolutely non-existent in this game.

You can track betting patterns without signing up.

How?

If the games are not provably fair, they can generate whatever they like and this totally independent of your betting pattern!

I made the statement for chain-bet and other provably fair games. Games, that are not provably fair, are out of question.

[runz]

This game is just scam by design

How?

By design

[Bitcoin Gambling]

This game is just scam by design

How?

By design

Please explain.

[MarbleBoss]

This game is just scam by design

How?

By design

Please explain.

Why r u even wasting time by arguing with this scammer? I guess, he has not yet returned the 0.57 that was sent to him twice by mistake. Better design a dashboard to monitor our investments in the bankroll.

[Hatcher]

This game is just scam by design

How?

By design

Please explain.

Because of the extreme house edge as explained above. Playing your state lottery is probably better than this.

I can offer to 15x your bet, and I would still feel comfortable with my position.

[runz]

This game is just scam by design

How?

By design

Please explain.

Why r u even wasting time by arguing with this scammer? I guess, he has not yet returned the 0.57 that was sent to him twice by mistake. Better design a dashboard to monitor our investments in the bankroll.

first of all, I don't have to return 0.57 btc because, as you know chain-bet refused to pay my winnings. Its more like chain-bet owes me some btc

second, this game is scam because of a almost 40% house edge.. here you can only loose

[MarbleBoss]

first of all, I don't have to return 0.57 btc because, as you know chain-bet refused to pay my winnings. Its more like chain-bet owes me some btc

WTF? U seem to be a compulsive liar, who is now trying to distort the fact. Your winning was 0.57 BTC, which was sent to you twice, i.e. a total of 1.14 BTC. So, u were already owing 0.57 BTC to the house. Next chain-bet blocked a winning of 0.285 BTC of yours. So, you still owe (0.57-0.285) BTC, i.e. 0.285 BTC to the house. Below is the quote where u are admitting the fact yourself...

All u have stated here are correct. You won a bet which was pending because the hot wallet did not have enough balance to pay u off. But, before we refill the hot wallet, we checked our previous payments and found something strange. In a previous winning of 0.57 BTC, the amount was sent to you twice! Yes U. Because, IP address from where that bet was placed and this one is same. That has made us to withheld your latest winning bet of 0.285 BTC.

You received 0.57 BTC twice at this address - https://blockchain.info/address/1NYbyQ44JLnZPK9uugF7rGSbVfRsqcP42y.

That may be true. But it is not my fault if your system is failing. I consider this double luck

If u do not return the rest of (0.57-0.285) BTC = 0.285 BTC to our hot wallet address https://blockchain.info/address/3BsadqM15YQFkoX8LUV7d8Kg8UUXNteiLi, we may open a scam accusation against u.

Because I was continuing playing your game I have already lost that amount. But anyway, I took big risk playing that game and I could have also lost all my coins. I think now it's time to just stop playing your game and move on to a bigger and more reliable gambling site like a lot of people mentioned in this thread.

I wonder, why chain-bet has not opened a scam accusation against you as of yet. I think, they should do it at the earliest.

second, this game is scam because of a almost 40% house edge.. here you can only loose

This allegation has already been rebutted multiple times. It is up to the game owner and the investors to decide at what house edge they'll run a game. If the game is provably fair, you have no right to object. No one is forced to play the game. U have absolutely no authority to decide what house edge a game should have. Calling it a scam is actually scammy itself.

[runz]

first of all, I don't have to return 0.57 btc because, as you know chain-bet refused to pay my winnings. Its more like chain-bet owes me some btc

WTF? U seem to be a compulsive liar, who is now trying to distort the fact. Your winning was 0.57 BTC, which was sent to you twice, i.e. a total of 1.14 BTC. So, u were already owing 0.57 BTC to the house. Next chain-bet blocked a winning of 0.285 BTC of yours. So, you still owe (0.57-0.285) BTC, i.e. 0.285 BTC to the house. Below is the quote where u are admitting the fact yourself...

I'm tired of discussing that with you. If you don't get it, just be quiet

[Bitcoin Gambling]

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

- Maximum amount of bet is now 0.025 BTC.

- Minimum amount of bet is now 0.00025 BTC.


Related Tweet: https://twitter.com/Chain_Bet_/status/1003218726785708032

[Rupert Murdoch]

Why the board appears to be so dead now?

[panjul07]

Why the board appears to be so dead now?

Because the site is getting close to dead as well IMO, last bet was more than 10 days ago. It seems that after they reduced the winning payout from x16 to x10, people started to leave the site. As long as I remember, the winning payout was x16 which had low house edge, but now it is x10 only which means higher house edge. Other than that, the game itself is not so popular although it is a provably fair game. Gamblers prefers to play on dice  game if they want to get x10 payout, which is simple and does not require fee for every bet they make.