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Author Topic: 10x win on Chain-Bet.com by betting on blockchain  (Read 4783 times)
piebeyb
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November 21, 2016, 05:49:00 PM
 #61

yeah just say how they earn money so easily Smiley This may seem silly but using tx blockchain transaction id you at least I see the right thing, if from my eyesight is quite unique game need to look into

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Karartma1
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November 21, 2016, 06:05:47 PM
 #62

This is a very cool kind of game. I'll give it a try. I like the 16X winning possibilty but what if a whale comes to bet hard and destroys the payroll?
Is this site able to pay 16 btc for a winner (or even more)?
I doubt that
LFC_Bitcoin
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November 21, 2016, 06:17:03 PM
 #63

This is a very cool kind of game. I'll give it a try. I like the 16X winning possibilty but what if a whale comes to bet hard and destroys the payroll?
Is this site able to pay 16 btc for a winner (or even more)?
I doubt that

There will be a limit to what any betting site can accept as a stake but I wouldn't expect a win of 16 bitcoin to be a problem here. Most reputable bitcoin gambling sites have investors with much more than that (combined) in their cold wallets.

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indocafe
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November 21, 2016, 06:29:16 PM
 #64

there are already tried the site, how do other people on this thread, what the site looks safe for a beginner like me, I hope anyone give a little review site
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November 21, 2016, 10:49:31 PM
 #65

This is a very cool kind of game. I'll give it a try. I like the 16X winning possibilty but what if a whale comes to bet hard and destroys the payroll?
Is this site able to pay 16 btc for a winner (or even more)?
I doubt that

There will be a limit to what any betting site can accept as a stake but I wouldn't expect a win of 16 bitcoin to be a problem here. Most reputable bitcoin gambling sites have investors with much more than that (combined) in their cold wallets.

Yeah that is true but at least he needs to prove that he got much money there so people will believe that he wont run away with the money. And for the investment, I dont think that people really attract to put some investment there because of the deaign and the UI which is cant attract more people to play it. Only some prople will tty this site not some solid member that can even stay
ReckLess.6
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November 24, 2016, 02:24:18 PM
 #66

there are already tried the site, how do other people on this thread, what the site looks safe for a beginner like me, I hope anyone give a little review site
www.BitcoinBetting.website is operational since May 30, 2016 (ref: https://bitcointalk.org/index.php?topic=1492457.0) and so far there is no allegation of wrong-doing. Hence, I think, one may try this game without bothering much...
MarbleBoss
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December 02, 2016, 08:17:40 PM
 #67

@OP BitcoinBetting.website seems to have moved to Chain-Bet.com...


Please update the thread title accordingly...
Jimmy Wales (OP)
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December 04, 2016, 12:08:56 AM
 #68

@OP BitcoinBetting.website seems to have moved to Chain-Bet.com...


Please update the thread title accordingly...
Thanks for the heads up. OP updated.
maku
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December 04, 2016, 12:27:30 AM
 #69

@OP BitcoinBetting.website seems to have moved to Chain-Bet.com...


Please update the thread title accordingly...
Thanks for the heads up. OP updated.
Still you need to update the title of this thread - it is still showing: 16x win on BitcoinBetting.website with 0% House Edge!
Jimmy Wales (OP)
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December 04, 2016, 10:55:18 AM
 #70

@OP BitcoinBetting.website seems to have moved to Chain-Bet.com...


Please update the thread title accordingly...
Thanks for the heads up. OP updated.
Still you need to update the title of this thread - it is still showing: 16x win on BitcoinBetting.website with 0% House Edge!

OP title was updated, but last post title was not. Now, I have updated that as well...
Warren Buffet
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December 11, 2016, 04:22:54 PM
 #71

yeah just say how they earn money so easily Smiley This may seem silly but using tx blockchain transaction id you at least I see the right thing, if from my eyesight is quite unique game need to look into

True. Chain-Bet.com is a pretty unique game and probably the only one having 0% house edge.
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December 25, 2016, 11:35:58 AM
 #72

Just noticed Bet ID #843. Someone recently converted BTC 0.0008 to BTC 0.0128 on Chain-Bet.com.
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January 08, 2017, 09:33:58 PM
 #73

Just noticed Bet ID #843. Someone recently converted BTC 0.0008 to BTC 0.0128 on Chain-Bet.com.

That is below the average bet size of Chain-Bet.com.
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January 20, 2017, 08:18:52 PM
 #74

I just check the board of https://www.chain-bet.com.

So, a 0% house edge game has only 2 wins out of 20, i.e 10%! Shocked

HoW?
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January 20, 2017, 08:37:47 PM
 #75

Just noticed another BIG win on www.BitcoinBetting.website. Someone just converted BTC 0.0198 to BTC 0.3168. OP updated with the bet details...

BTC 0.0198 to BTC 0.3168
Bet ID: 598
Choice: 3
Bet Amount: BTC 0.0198
Tx Hash: 90f498a2a0f06839eb62eaff89fc1072aec7a322a3f288957a911804f3ffc0c0
Status: won
Confirmation Block Height: 435283
Confirmation Block Hash: 0000000000000000001fdfa9afc5c98cdbc7e2cf81dabc038b4f062ded1d2e73
Return Amount: BTC 0.3168
Return Address: 17YTi5T5pGhsu3XJsRdMAiUwfsRLtsQEkJ
Return Tx: 60017b53b1153714d1138c16b82a13238e98287d68fea3b1f0261a362e3a61e1

Are you really saying you're not just advertising the site? lol. Sure looks like it to me. Seem pretty active in showing
the winning rolls.
Besides, that win doesn't really say much. The 'guy' could have a lost $100's if not $1000's before that 'winning' bet.
Same as after.

And yep, would probably need a sizable bankroll to increase win chance. 

What does it matter how much they lost before winning? OP isn't saying that player as a postive bankroll, they are just saying that they won big there. What is the problem with that?

Are the odds just so bad that the house doesnt need an edge? What is the sites total bankroll, and at what amount if a withdrawal manual?
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January 20, 2017, 08:54:30 PM
 #76

Wrong section, should be in gambling section, very nice winnings, lucky guy.

I'm not that guy. I have lost on their game. I'm asking whether there are other gambling sites offering 0% house edge where I wont have to fight with the site owner to get my winnings out?

What do you mean with "fighting site owner to get winnings out?" I am little confused how can 0% house edge help you with that. House edge has nothing to do with withdrawals. And to your first post, someone won 0.17, but are you sure that guy didn't lose before or after he won this?

Lately, many gambling sites, where deposit to site wallet is required, are denying BIG wins. www.bitcoinbetting.website is pretty safe from this issue as players do not require to keep anything deposited to the site wallet. We can play and forget. Either we lose or win back directly to an address that we control. I prefer this kinda games...
How can you play on a casino if they don't have access to the money you are depositing? an address that you control as to having the private key?
Show me a casino where I can play with my own address Cheesy it's not site's wallet but a new wallet for each deposit.
If house edge is 0% then how exactly the house can sustain and not going bankrupt?
Winning big then try to withdraw small amounts and do a few withdraws, of course any casino doesn't like to let people take out their big wins as soon as they win Cheesy.

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January 20, 2017, 11:55:51 PM
 #77

I just check the board of https://www.chain-bet.com.

So, a 0% house edge game has only 2 wins out of 20, i.e 10%! Shocked

HoW?

Lol,

Random?
0% HE means they don't earn on it.
Doesn't mean you won't lose...

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January 21, 2017, 12:18:20 AM
 #78

I just check the board of https://www.chain-bet.com.

So, a 0% house edge game has only 2 wins out of 20, i.e 10%! Shocked

HoW?

Fun Fact: Not every game has the same multiplier/a fixed multiplier. chain-bet bets are playing with a 1/16 chance to win. 2/20 is pretty good for a 1/16 chance to win, but it's a very very low sample size and cannot accurately reflect the house edge/chance of winning.

Also, they do have an house edge, since they take BTC from your original bet. Send 0.01BTC? It's a 0.0098BTC bet to them, which adds up to a house edge. The house edge varies based on bet size, but there definitely is a house edge.

taking a break - expect delayed responses
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January 22, 2017, 01:22:06 PM
 #79

I just check the board of https://www.chain-bet.com.

So, a 0% house edge game has only 2 wins out of 20, i.e 10%! Shocked

HoW?

Lol,

Random?
0% HE means they don't earn on it.
Doesn't mean you won't lose...

0% HE DOES NOT mean they don't earn on it. House Edge is NOT House Commission. Just like 1% HE sites do not earn exact 1% of the total wagered amount, 0% HE sites does not earn 0 either.

Right now, there are 4 wins out of 20, i.e. 20%.
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January 22, 2017, 05:26:32 PM
 #80

Are the odds just so bad that the house doesnt need an edge?
The odds are high if u place a single bet. There are 16 options to bet on. If u place bet on multiple options in a single block, u'd eventually decrease your odds.

What is the sites total bankroll, and at what amount if a withdrawal manual?
Generally, sites that do not take investment in bankroll, do not publish their bankroll either. But, as the highest bet amount it 1 BTC, highest withdrawal is 16 BTC. As per OP, the highest win so far is 1.5968 BTC, which was automatically withdrawn.

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