actmyname
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Activity: 2562
Merit: 2510
Spear the bees
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September 17, 2016, 01:05:19 AM |
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LOW HOUSE EDGE - 1.0000% That statement is a misleading and possibly false statement. One would think that it would be a 1% edge per game, but in reality, you would be paying a 25% house edge if you clear the board with 1 bit on 1 mine. Change it to LOW HOUSE EDGE - 1.0000% each tile Well, here's the thing: if you are playing with a constant house edge, it's multiplicative. Say you're betting 2x and. You have a 50.50% chance of loss. 1% house edge. Then you double down. You again have a 50.50% chance of loss. 1% house edge. 0.9801 - The total chance of loss is thus 0.754975%, which is 1.99% house edge to get 4x. Where did the .01% go? Oooh... If my calculations are correct, the total house edge for the GAME is 21.43%
Anyway, yes. The house edge is pretty crazy against you. Unless my math is completely wrong. I'm tired, forgive me
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DarkStar_
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Activity: 2772
Merit: 3282
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September 17, 2016, 01:27:38 AM |
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Well, here's the thing: if you are playing with a constant house edge, it's multiplicative.
Say you're betting 2x and. You have a 50.50% chance of loss. 1% house edge. Then you double down. You again have a 50.50% chance of loss. 1% house edge. 0.9801 - The total chance of loss is thus 0.754975%, which is 1.99% house edge to get 4x. Where did the .01% go? Oooh...
If my calculations are correct, the total house edge for the GAME is 21.43%
I meant ~25% vs the original bet, since the bet sequence would be 1 bit, then 1.03 bits, then 1.06 bits, e.t.c. 1% of 1 bit is 1 satoshi, + 1% of 1.03 bit 1.03 satoshi = 2.03 satoshi paid for those 2 bets. (I still could be wrong for this) The total house edge for the game isn't 21.43% though, that is house edge of a 1 mine game and opening 24 tiles. If you play any amount of mines, but only make 1 bet, you pay a 1% edge.
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taking a break - expect delayed responses
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Emerge (OP)
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Activity: 854
Merit: 1000
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September 17, 2016, 03:37:00 AM |
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Well, here's the thing: if you are playing with a constant house edge, it's multiplicative.
Say you're betting 2x and. You have a 50.50% chance of loss. 1% house edge. Then you double down. You again have a 50.50% chance of loss. 1% house edge. 0.9801 - The total chance of loss is thus 0.754975%, which is 1.99% house edge to get 4x. Where did the .01% go? Oooh...
If my calculations are correct, the total house edge for the GAME is 21.43%
I meant ~25% vs the original bet, since the bet sequence would be 1 bit, then 1.03 bits, then 1.06 bits, e.t.c. 1% of 1 bit is 1 satoshi, + 1% of 1.03 bit 1.03 satoshi = 2.03 satoshi paid for those 2 bets. (I still could be wrong for this) The total house edge for the game isn't 21.43% though, that is house edge of a 1 mine game and opening 24 tiles. If you play any amount of mines, but only make 1 bet, you pay a 1% edge. I've changed the info in the front page in accordance to DarkStar's post Apart from that, I've also changed the 'PLAY NOW' link in the splash page to connect you directly to Moneypot rather than to bring you to the site and make you connect to moneypot again. Please send more feedback and suggestions here if possible. Next Week: Wager Contest coming up!
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absy
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Activity: 1414
Merit: 1008
★Bitvest.io★ Play Plinko or Invest!
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September 17, 2016, 07:18:34 AM |
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Congrats to our user BitcoinPot as he is the first one to get listed on BROADSIDE BALLERS . Here is the link , https://www.moneypot.com/bets/492166501 . Its not yet over , lets see who beats it . I've changed the info in the front page in accordance to DarkStar's post Apart from that, I've also changed the 'PLAY NOW' link in the splash page to connect you directly to Moneypot rather than to bring you to the site and make you connect to moneypot again. Please send more feedback and suggestions here if possible. Next Week: Wager Contest coming up! Waiting for the Wager Contest
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Emerge (OP)
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Activity: 854
Merit: 1000
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September 17, 2016, 09:04:52 AM |
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Congrats to our user BitcoinPot as he is the first one to get listed on BROADSIDE BALLERS . Here is the link , https://www.moneypot.com/bets/492166501 . Its not yet over , lets see who beats it . I've changed the info in the front page in accordance to DarkStar's post Apart from that, I've also changed the 'PLAY NOW' link in the splash page to connect you directly to Moneypot rather than to bring you to the site and make you connect to moneypot again. Please send more feedback and suggestions here if possible. Next Week: Wager Contest coming up! Waiting for the Wager Contest Yeah will run the wager contest for next week! It hasn't been a week since Doubloon was up but it's already up at 4,892,754.58 bits Wagered! Let's keep digging and win big!
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JackpotRacer
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Activity: 1974
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All Games incl Racer and Lottery game are Closed
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September 17, 2016, 10:28:24 AM |
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when is it over and what do I need to do to beat him? and what is the prize? I am asking cause I am confused thx
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Emerge (OP)
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Merit: 1000
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September 17, 2016, 10:43:03 AM |
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when is it over and what do I need to do to beat him? and what is the prize? I am asking cause I am confused thx If you wager higher in one bet, you canbeat him. Prize is 2000 bits + 5% of your bet next wednesday
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JackpotRacer
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Activity: 1974
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All Games incl Racer and Lottery game are Closed
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September 17, 2016, 11:04:51 AM |
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when is it over and what do I need to do to beat him? and what is the prize? I am asking cause I am confused thx If you wager higher in one bet, you canbeat him. Prize is 2000 bits + 5% of your bet next wednesday thx for explaining is there a final time or hour on wednesday?
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Emerge (OP)
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Activity: 854
Merit: 1000
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September 17, 2016, 11:34:20 AM |
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when is it over and what do I need to do to beat him? and what is the prize? I am asking cause I am confused thx If you wager higher in one bet, you canbeat him. Prize is 2000 bits + 5% of your bet next wednesday thx for explaining is there a final time or hour on wednesday? 9:00 PM GMT + 8 Wednesday next week
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actmyname
Copper Member
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Activity: 2562
Merit: 2510
Spear the bees
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September 17, 2016, 06:48:29 PM |
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when is it over and what do I need to do to beat him? and what is the prize? I am asking cause I am confused thx If you wager higher in one bet, you canbeat him. Prize is 2000 bits + 5% of your bet next wednesday I've already posted on the other thread: "AND WILL RECEIVE 2000 BITS EACH AND THE TOP 1 WILL RECEIVE +5% ADDITIONAL OF THE AMOUNT AS A REWARD! "
So, is it the person who wagered the most, or the person who got the highest profit? And if it was a loss, is there then 5% cashback?
So, if I want to beat BitcoinPot, all I need to do is bet 59883 bits, yes? (There's no requirement to winning, just wagering, right?)
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DarkStar_
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Activity: 2772
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September 17, 2016, 06:59:35 PM Last edit: September 17, 2016, 07:35:14 PM by DarkStar_ |
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So, if I want to beat BitcoinPot, all I need to do is bet 59883 bits, yes? (There's no requirement to winning, just wagering, right?)
Yeah, but you won't win the extra 5% because my deposit of 60000 bits is pending Edit: Shit, realized I only deposited 0.05 BTC :/After some wagering on my own dice site and going to Bit-Exo since for some reason my bets were too slow, I got to 0.06 BTC and beat BitcoinPot. Sorry!
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taking a break - expect delayed responses
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Emerge (OP)
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Activity: 854
Merit: 1000
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September 18, 2016, 05:29:53 AM |
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So, if I want to beat BitcoinPot, all I need to do is bet 59883 bits, yes? (There's no requirement to winning, just wagering, right?)
Yeah, but you won't win the extra 5% because my deposit of 60000 bits is pending Edit: Shit, realized I only deposited 0.05 BTC :/After some wagering on my own dice site and going to Bit-Exo since for some reason my bets were too slow, I got to 0.06 BTC and beat BitcoinPot. Sorry! Congratulations to our second Broadside Baller and current leader! We've also appointed DarkStar_ to be one of our mods: darkstar on MoneyPot Hope we get this community going well!
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absy
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Activity: 1414
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★Bitvest.io★ Play Plinko or Invest!
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September 18, 2016, 09:38:40 AM |
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when is it over and what do I need to do to beat him? and what is the prize? I am asking cause I am confused thx If you wager higher in one bet, you canbeat him. Prize is 2000 bits + 5% of your bet next wednesday I've already posted on the other thread: "AND WILL RECEIVE 2000 BITS EACH AND THE TOP 1 WILL RECEIVE +5% ADDITIONAL OF THE AMOUNT AS A REWARD! "
So, is it the person who wagered the most, or the person who got the highest profit? And if it was a loss, is there then 5% cashback?
So, if I want to beat BitcoinPot, all I need to do is bet 59883 bits, yes? (There's no requirement to winning, just wagering, right?) There is no need to win the bet . Just bet the greatest amount and you will be on top . Currently its 60400 bits from Darkstar so 59883 wont help you . Good luck beating that . So, if I want to beat BitcoinPot, all I need to do is bet 59883 bits, yes? (There's no requirement to winning, just wagering, right?)
Yeah, but you won't win the extra 5% because my deposit of 60000 bits is pending Edit: Shit, realized I only deposited 0.05 BTC :/After some wagering on my own dice site and going to Bit-Exo since for some reason my bets were too slow, I got to 0.06 BTC and beat BitcoinPot. Sorry! Congrats on that Darkstar and also welcome to the family of Doubloon
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Emerge (OP)
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Activity: 854
Merit: 1000
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September 18, 2016, 03:02:02 PM |
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Hey guys, just a little question for the community:
Should we make a Twitter and FB page for Doubloon? Send your suggestions here or through PM!
Thanks and Regards, JM Erestain
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shintosai
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September 18, 2016, 03:24:44 PM |
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Hey guys, just a little question for the community:
Should we make a Twitter and FB page for Doubloon? Send your suggestions here or through PM!
Thanks and Regards, JM Erestain
if you can create mate its much better for good promotion if you have developing funds you can give some bounty rewards to make more members here to get attracted and help you in promoting this site, good luck mate hope to see if you will going to create a bounty for this will check back later here.
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absy
Legendary
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Activity: 1414
Merit: 1008
★Bitvest.io★ Play Plinko or Invest!
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September 19, 2016, 08:36:01 AM |
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Hey guys, just a little question for the community:
Should we make a Twitter and FB page for Doubloon? Send your suggestions here or through PM!
Thanks and Regards, JM Erestain
if you can create mate its much better for good promotion if you have developing funds you can give some bounty rewards to make more members here to get attracted and help you in promoting this site, good luck mate hope to see if you will going to create a bounty for this will check back later here. I agree with Shintosai , social media is the best promotion . I think we must have an official twitter account . Also If you guys checked , BitcoinPot is back on top .
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Emerge (OP)
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Activity: 854
Merit: 1000
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September 19, 2016, 12:10:26 PM |
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Hey guys, just a little question for the community:
Should we make a Twitter and FB page for Doubloon? Send your suggestions here or through PM!
Thanks and Regards, JM Erestain
if you can create mate its much better for good promotion if you have developing funds you can give some bounty rewards to make more members here to get attracted and help you in promoting this site, good luck mate hope to see if you will going to create a bounty for this will check back later here. I agree with Shintosai , social media is the best promotion . I think we must have an official twitter account . Also If you guys checked , BitcoinPot is back on top . After much discussion, it's been decided that BitcoinPot will be the last appointed mod for this month! He's been very active in the community and also active in playing in Doubloon! A true pirate he is We'd like to call upon the community to congratulate our final list of moderators: - Absy107
- DarkStar
- BitcoinPot (hopenotlate on BitcoinTalk)
APART FROM THAT, FOR THE NEXT 2 HOURS, I'LL BE TIPPING RANDOM PEOPLE ONLINE IN DOUBLOON !!!!Good luck and happy diggin! Regards, JM Erestain
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DarkStar_
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Activity: 2772
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September 19, 2016, 01:31:00 PM |
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Dammit, now I have to deposit again. Can one person win more than one prize? If the competition ends now, will BitcoinPot win 4k bits +5% of the first bet?
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taking a break - expect delayed responses
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MANCRYPTOS
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September 19, 2016, 01:49:49 PM |
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Hi congrats OP game is cool) i just registered on it. i will deposit some bits and will try my luck.. any promotions or Twitter campaign ?
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hopenotlate
Legendary
Online
Activity: 3444
Merit: 1228
Top Crypto Casino
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September 19, 2016, 02:21:55 PM |
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Glad to be part of Doubloon family, thanks for that Emerge.
A little suggestion: the vast majority of gambling sites around has a feature to display online users: would be cool if you may add it as well.
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