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Author Topic: Chain-Bet.com | On Chain | No KYC | 15x Win | Provably Fair | Since 2016  (Read 38444 times)
RocketSingh
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June 28, 2018, 05:07:24 PM
 #321

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.

I do feel the same...

adaseb
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July 05, 2018, 08:12:08 PM
 #322

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.

I think the reason why these types of sites close is because these days many other gambling sites started accepting anonymous coins like XMR, DASH and ZEC.

A few years ago the on-chain betting websites had more success for a few reasons. One of the reasons was that the fees were much cheaper and people didn't mind paying 1000 Sats to send a transaction. And back then BTC was in fully domination pretty much so people had no choice but to use it.

So if someone wanted privacy and didn't want to expose their IP address or have to create an account and expose their email address they would use the on-chain bet websites.

However right now with all the viruses and people keeping all their BTC on cold storage or electrum, its alot of work just to send a transaction. Hence most people probably for privacy just use a VPN and use a coin like XMR.

This is the reason why sites like this are slowly dying off.
pocrypto
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July 06, 2018, 08:15:13 AM
 #323

Winning rate 10/16 but payout x10  Grin
runz
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July 20, 2018, 10:26:56 PM
 #324

Winning rate 10/16 but payout x10  Grin

The winning rate is 1/16 and the payout is x10 Cheesy like i said, scam by design

@MarbleBoss aka chain-bet: please don't start another discussion. Your game is scammy crap!
Cavin.Me
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July 21, 2018, 10:38:15 AM
 #325

Winning rate 10/16 but payout x10  Grin

The winning rate is 1/16 and the payout is x10 Cheesy like i said, scam by design

@MarbleBoss aka chain-bet: please don't start another discussion. Your game is scammy crap!

Have u been to any casino at Vegas or Macau? There are many tables where the winning rate is 1/10 and the payout is x2. They're licensed and get audited as well. No one dare to call them scam.

The reason I mention this is because there is nothing scammy in running a game with low winning rate. Gamblers do not gamble only because of the winning rate. There are many other factors that makes them decide where will they throw their money at.
BTCevo
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July 23, 2018, 12:24:05 PM
 #326

Winning rate 10/16 but payout x10  Grin

The winning rate is 1/16 and the payout is x10 Cheesy like i said, scam by design

@MarbleBoss aka chain-bet: please don't start another discussion. Your game is scammy crap!

Have u been to any casino at Vegas or Macau? There are many tables where the winning rate is 1/10 and the payout is x2. They're licensed and get audited as well. No one dare to call them scam.

The reason I mention this is because there is nothing scammy in running a game with low winning rate. Gamblers do not gamble only because of the winning rate. There are many other factors that makes them decide where will they throw their money at.


I believe such site has no player instead of their blackjack or roulette games. I do not think that will work here, because mostly people will count and try it first before do the actual game instead. If people think that it is no chance of winning, they wont even want to test it for sure. And for this site it is 1/16 and the payout is 10x. Not just because of the scammy thing but it is hard for them to get some profit, it is even hard with 1% house edge more over this kind of game
hajimasan
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July 25, 2018, 07:19:53 AM
 #327

Winning rate 10/16 but payout x10  Grin

The winning rate is 1/16 and the payout is x10 Cheesy like i said, scam by design

@MarbleBoss aka chain-bet: please don't start another discussion. Your game is scammy crap!
I saw also the same thing , I  placed my bet two times for 0.001btc but unfortunately lost both the bet .
But when I figured out then I found that there is not equally chances that I will make bet Then there was not equally chances of winning and losing bcz digits and alphabet are resulting into big numbers of combination that will lower down the prediction .
So I don't think it will be better for us , because it is not in our favour.
I would like to suggest to go with the sports betting games like Nitrogensporte.eu where we can found new new game ( https://goo.gl/YfghTY ) of concept to make gambling .
And also we can gambling at another sports betting site where we should have equal chances of the win and loss .
leowonderful
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July 25, 2018, 08:02:04 AM
 #328

Winning rate 10/16 but payout x10  Grin

The winning rate is 1/16 and the payout is x10 Cheesy like i said, scam by design

@MarbleBoss aka chain-bet: please don't start another discussion. Your game is scammy crap!

Have u been to any casino at Vegas or Macau? There are many tables where the winning rate is 1/10 and the payout is x2. They're licensed and get audited as well. No one dare to call them scam.

The reason I mention this is because there is nothing scammy in running a game with low winning rate. Gamblers do not gamble only because of the winning rate. There are many other factors that makes them decide where will they throw their money at.

That is true, but I assume most people here primarily gamble at online Bitcoin casinos where winrates and odds are better than what's offered in real-life casinos and even here. Not exactly an apples-to-apples comparison here.

Low win rates absolutely do affect where people gamble, however. I would gladly spend money on a game that is enjoyable but has low win rates, but in this case this game is nothing special and offers no new features I'd be willing to pay for at the cost of a lower chance of winning compared to another blockchain-based game.
BitcoinNewbie15
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July 25, 2018, 03:36:46 PM
 #329

Winning rate 10/16 but payout x10  Grin

The winning rate is 1/16 and the payout is x10 Cheesy like i said, scam by design

@MarbleBoss aka chain-bet: please don't start another discussion. Your game is scammy crap!

Have u been to any casino at Vegas or Macau? There are many tables where the winning rate is 1/10 and the payout is x2. They're licensed and get audited as well. No one dare to call them scam.

The reason I mention this is because there is nothing scammy in running a game with low winning rate. Gamblers do not gamble only because of the winning rate. There are many other factors that makes them decide where will they throw their money at.

That is true, but I assume most people here primarily gamble at online Bitcoin casinos where winrates and odds are better than what's offered in real-life casinos and even here. Not exactly an apples-to-apples comparison here.

I am relatively new to gambling. I have not heard this before, do the online casinos really have higher win rates than physical casinos? I always thought people picked online gambling over physical casinos because of convenience. Being able to sit at home in your pajamas and play roulette lol. But I am cynical, I think a lot of online gambling sites could be fixed... That's why I don't even trust those digital slot machines in casinos.
kurian
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July 25, 2018, 06:10:00 PM
 #330

To be frank, this is not an interesting game. Live gambling data looks so sad as there is no single win. I don't think low winning rate and big house edge would be interesting for any gambler. Why don't you edit the FAQ on this thread as the original one on the site has changed.

Bitcoin Gambling (OP)
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July 25, 2018, 07:58:23 PM
 #331

Why don't you edit the FAQ on this thread as the original one on the site has changed.
Forgot to update the latest Min & Max bet at OP. Its done now. Rest is same.

MarbleBoss
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August 03, 2018, 07:48:50 PM
 #332

I am relatively new to gambling. I have not heard this before, do the online casinos really have higher win rates than physical casinos?
Generally speaking, yes.

But I am cynical, I think a lot of online gambling sites could be fixed...
Ever heard of Provably Fair?
DutchDemon
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September 16, 2018, 05:27:02 PM
 #333

Back to BitcoinTalk after a long time. Nice to see that this project is still rolling...
synomy
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September 18, 2018, 01:47:13 AM
 #334

Is this project still paying?, I haven't been able to read a current reference
MarbleBoss
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September 20, 2018, 01:19:30 PM
 #335

Is this project still paying?, I haven't been able to read a current reference

Just looking at the current status of the board @ Chain-Bet.com, it is evident that the date of last winning is on September 16, 2018.

Here is the bet details...

Bet ID: 4835
Choice: 4
Bet Amount: BTC 0.001
Tx Hash: 88154e000c0fa9e1568a78abc71a4637be188b0a618f2170ae5f42c58b172c3f
Status: won
Confirmation Block Height: 541642
Confirmation Block Hash: 000000000000000000163f2ce57cad9b7398283a90af34ae35c5a1cda30a78a4
Return Amount: BTC 0.01
Return Address: 14BkBfziGCP1nKAaAuz2rQQPZDaxDEvsUd
Return Tx: 4bb14f60b4e0342da5022df7b077c86939be4166c4bcf49d9740058f2e91edac

sipylka99
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October 25, 2018, 05:37:02 PM
 #336

How can I contact to admin about the ads on the website? Grin
Bitcoin Gambling (OP)
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October 31, 2018, 12:45:48 AM
 #337

How can I contact to admin about the ads on the website? Grin
What do you mean? We do not have any ad on our website!

Cavin.Me
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November 12, 2018, 11:15:30 AM
 #338

Winning rate 10/16 but payout x10  Grin

The winning rate is 1/16 and the payout is x10 Cheesy like i said, scam by design

@MarbleBoss aka chain-bet: please don't start another discussion. Your game is scammy crap!

Have u been to any casino at Vegas or Macau? There are many tables where the winning rate is 1/10 and the payout is x2. They're licensed and get audited as well. No one dare to call them scam.

The reason I mention this is because there is nothing scammy in running a game with low winning rate. Gamblers do not gamble only because of the winning rate. There are many other factors that makes them decide where will they throw their money at.

That is true, but I assume most people here primarily gamble at online Bitcoin casinos where winrates and odds are better than what's offered in real-life casinos and even here. Not exactly an apples-to-apples comparison here.

Low win rates absolutely do affect where people gamble, however. I would gladly spend money on a game that is enjoyable but has low win rates, but in this case this game is nothing special and offers no new features I'd be willing to pay for at the cost of a lower chance of winning compared to another blockchain-based game.

Is there really any other proper blockchain based game? If yes, what are those?
runz
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November 12, 2018, 11:49:52 PM
 #339

Winning rate 10/16 but payout x10  Grin

The winning rate is 1/16 and the payout is x10 Cheesy like i said, scam by design

@MarbleBoss aka chain-bet: please don't start another discussion. Your game is scammy crap!

Have u been to any casino at Vegas or Macau? There are many tables where the winning rate is 1/10 and the payout is x2. They're licensed and get audited as well. No one dare to call them scam.

The reason I mention this is because there is nothing scammy in running a game with low winning rate. Gamblers do not gamble only because of the winning rate. There are many other factors that makes them decide where will they throw their money at.

That is true, but I assume most people here primarily gamble at online Bitcoin casinos where winrates and odds are better than what's offered in real-life casinos and even here. Not exactly an apples-to-apples comparison here.

Low win rates absolutely do affect where people gamble, however. I would gladly spend money on a game that is enjoyable but has low win rates, but in this case this game is nothing special and offers no new features I'd be willing to pay for at the cost of a lower chance of winning compared to another blockchain-based game.

Is there really any other proper blockchain based game? If yes, what are those?

No! This is the only one and you should spend all your money in it! If you want to get rich.. this is the way to go!
DutchDemon
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November 19, 2018, 11:35:27 AM
 #340

Right now, there is an interesting stat on dashboard. From Bet ID 4846 to 4949, 50 bets have been placed. Within this range, BTC 0.26076945 has been wagered and BTC 0.2511744 has been won through 6 distinct win. This is more than 96%.
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