10x win on Chain-Bet.com by betting on blockchain

[ndnh]

LOL....Some of the math skills of the members we find in these threads are impeccable.

There is no need for math, the subject has 0% house edge on it.

How does the house make money on this project?

I wonder the same. May be they are going to take all the house edge in one go right before they close.


Edit.
Ah sorry, I think they run on donations.

3. Can I generate multiple addresses and send bitcoins to them in a single transaction?
No. Only the amount sent to the first address generated will be considered as bet and all other amounts sent in that transaction will be considered as donation.

4. Can I send multiple transactions to a single address?
No. Only the first transaction received by the generated address will be considered as bet and all further transactions will be considered as donation.

5. Is there any minimum amount of bitcoin that is to be sent?
Yes. You must send at least 0.0005 BTC. Anything below will be considered as donation.

6. Is there any maximum amount of bitcoin that is to be sent?
Maximum amount allowed is 1 BTC. Anything over this amount will be considered as donation.

[DutchDemon]

How does the house make money on this project?

I wonder the same. May be they are going to take all the house edge in one go right before they close.

U guys are discussing something that has been discussed many times before on this forum. Here are a few instances...

Personally, i think a casino game (any game) with a 0 percent house edge will either go bancrupt in the longrun, or will result in cheating...

i don't think so.

because people usually don't use good strategies and they are wasting their money in most of these gambling sites.

for example i have seen new dice sites that start off with a 0% house edge and there aren't that many winners on the site to win and bankrupt the casino.

house edge is like a guarantee in my opinion.

and also add to this, the fact that a lot of the gamblers will continue gambling when they win and if a losing streak hits them they lose all they have won so far.

In general the concept on 0% house edge technically does not exist. The site owners and the affiliates are running a business and the house edge is the method by which they earn profits from the players.

If there was no method to fund the owners then the latter would go bankrupt and then the site/casino would not exist. Hence most sites who claim a 0% house edge are scammers, in general.

Not true and this was discussed many times here before. The casinos don't need 0% house edge to make money. The casinos make money because of human emotion, greed, and fear. Only reason most Casinos don't have 0% house edge is because there would be too many bots, and the bots they couldn't beat since computers don't feel emotion.

[lollolloll]

I don't think if I bet 1 btc and win ,he will pay me 16btc.

But if I bet 1 btc and lose , he will take away my 1 btc , for sure.

LOL

edit:so I think personally , there will be no one playing.

[Angelina Jolie]

I don't think if I bet 1 btc and win ,he will pay me 16btc.

But if I bet 1 btc and lose , he will take away my 1 btc , for sure.

I dont think u have 1 BTC.

LOL

lollolloll

edit:so I think personally , there will be no one playing.

So, I think personally, u r posting garbage just to raise your activity count to sell this account later. Hence, u should be banned from further spamming.

[Erza]

I don't think if I bet 1 btc and win ,he will pay me 16btc.

But if I bet 1 btc and lose , he will take away my 1 btc , for sure.

LOL

edit:so I think personally , there will be no one playing.

I just wondering too how much their max payout? Because if they did not set max payout, and when big whale lucky enough I dont think they can pay them for sure.

For OP, I just want to make make this things clear so can you really tell me this? Although it is 0% house edge you should have this bankroll to pay people

[Bitinity]

I don't think if I bet 1 btc and win ,he will pay me 16btc.

But if I bet 1 btc and lose , he will take away my 1 btc , for sure.

LOL

edit:so I think personally , there will be no one playing.

I just wondering too how much their max payout? Because if they did not set max payout, and when big whale lucky enough I dont think they can pay them for sure.

For OP, I just want to make make this things clear so can you really tell me this? Although it is 0% house edge you should have this bankroll to pay people

It is clear as stated on their FAQ, the maximum bet allowed is 1btc so they should have at least 16btc to cover 1btc bet winning. Indeed, we dont know how many btc on their wallet. Foe sure, they should prove that they can pay such amount. Otherwise, whales will never come to this site.

[BTCevo]

It is clear as stated on their FAQ, the maximum bet allowed is 1btc so they should have at least 16btc to cover 1btc bet winning. Indeed, we dont know how many btc on their wallet. Foe sure, they should prove that they can pay such amount. Otherwise, whales will never come to this site.

Yeah that is true, but until now they dont even have said anything about their bankroll on how much they can pay. But not all site willing to prove this that they have big amount or low amount because it is too risky. But this is needed to make sure that site wont scam us or running away with our profit

[Jimmy Wales]

Pretty BIG winnings are taking place at www.BitcoinBetting.website. Confirming the bet Tx and sending back the winning Tx took place within just 3 block time. Below is the bet details...

BTC 0.01065 to BTC 0.1704
Bet ID: 253
Choice: 4
Bet Amount: BTC 0.01065
Tx Hash: 4c525b1eed39a0a174fcf84f827e06a15e63eb2c08ac0dcab7fd3fed2c8eca8d
Status: won
Confirmation Block Height: 432839
Confirmation Block Hash: 000000000000000003175c2b1ed904d19664640c87c850228e6187a880a0d2a4
Return Amount: BTC 0.1704
Return Address: 15KAjydnfMAhrgQePavBLJxjtoGfk7qv5h
Return Tx: 802947b764453dd39fd66d1855f78767303c69f86ec207fb328f2698ff52283d

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

Is there any other gambling site offering such BIG winning opportunity at 0% house edge?

So far, I am not aware of any other than this one. But, another BIG win took place on this site where someone converted 0.0698 BTC to 1.1168 BTC. I think, that bet details should be included in OP. Related thread - https://bitcointalk.org/index.php?topic=1643063.0

Thanks. OP updated with following bet info and bets have been organized in decreasing order from top to bottom.

BTC 0.0698 to BTC 1.1168
Bet ID: 322
Choice: 4
Bet Amount: BTC 0.0698
Tx Hash: 5de218e4f956ece04b23cfaac9471365285415597c2ceaa10dbd283161048a1f
Status: won
Confirmation Block Height: 433692
Confirmation Block Hash: 0000000000000000037fe5a1b797b226ba24f3f882fd9cbc627f44a95d20acf4
Return Amount: BTC 1.1168
Return Address: 1BLockKo8FLApX2Wx7rJXv9C3bk9FJPzJj
Return Tx: de726e982b98993a1e97dd86b4ceb0211f03892047ed2a74443a9d8e2042c484

[CrazyJoker]

I don't think if I bet 1 btc and win ,he will pay me 16btc.

But if I bet 1 btc and lose , he will take away my 1 btc , for sure.

LOL

edit:so I think personally , there will be no one playing.

I just wondering too how much their max payout? Because if they did not set max payout, and when big whale lucky enough I dont think they can pay them for sure.

For OP, I just want to make make this things clear so can you really tell me this? Although it is 0% house edge you should have this bankroll to pay people

It is clear as stated on their FAQ, the maximum bet allowed is 1btc so they should have at least 16btc to cover 1btc bet winning. Indeed, we dont know how many btc on their wallet. Foe sure, they should prove that they can pay such amount. Otherwise, whales will never come to this site.

Does other sites that does not take investment in bankroll show their cold storage?

[RocketSingh]

Thanks. OP updated with following bet info and bets have been organized in decreasing order from top to bottom.

BTC 0.0698 to BTC 1.1168
Bet ID: 322
Choice: 4
Bet Amount: BTC 0.0698
Tx Hash: 5de218e4f956ece04b23cfaac9471365285415597c2ceaa10dbd283161048a1f
Status: won
Confirmation Block Height: 433692
Confirmation Block Hash: 0000000000000000037fe5a1b797b226ba24f3f882fd9cbc627f44a95d20acf4
Return Amount: BTC 1.1168
Return Address: 1BLockKo8FLApX2Wx7rJXv9C3bk9FJPzJj
Return Tx: de726e982b98993a1e97dd86b4ceb0211f03892047ed2a74443a9d8e2042c484

+1

Please add this one too - https://bitcointalk.org/index.php?topic=1673328.0. This is the biggest one so far...

[Jimmy Wales]

Please add this one too - https://bitcointalk.org/index.php?topic=1673328.0. This is the biggest one so far...

OP updated with the following bet info...


BTC 0.0998 to BTC 1.5968
Bet ID: 685
Choice: 2
Bet Amount: BTC 0.0998
Tx Hash: 7d7a65100e600d7b535687adaf0e26efa8dcf1a5291be3f5587ed54f438e8702
Status: won
Confirmation Block Height: 437693
Confirmation Block Hash: 000000000000000000fafc2ec0ccf2df5ce6ba6aa7c68a1c1fe035ed778b3ee2
Return Amount: BTC 1.5968
Return Address: 1CoinBcK1kA9uK8vpkUncEwLHjEm5Wbkph
Return Tx: 80023ca0cf1a34d865389118c4bb1247dd8cbe9a3719a5741e9deb82ec8db58e

[CasinoKiller]

I see transaction and amount..
But who is winner?
Winner where are you?
Please post here..
We wait.

[numanoid]

~snip~

You can't be sure if the winner will come on here (he might be never known about this forum). Maybe the winner just anonymous person who know about bitcoinbetting from his friend, googling, or other else source.

[Jimmy Wales]

I see transaction and amount..

That's all required to verify a bet on a blockchain based gambling game.

But who is winner?

One who received the winning Tx.

Winner where are you?
Please post here..
We wait.

How on earth the winner will know that u r waiting for him?

[Daffadile]

Nice winning but how can it be 0 house edge ? They might go broke. Or are you just trying to advertise for them showing us the wins and the ease to play ? Seems a way to advertise to me. Wonder what the rest of the members on this thread think.

[MafiaCoin]

I see transaction and amount..

That's all required to verify a bet on a blockchain based gambling game.

But who is winner?

One who received the winning Tx.

Winner where are you?
Please post here..
We wait.

How on earth the winner will know that u r waiting for him?

Because i think winners from bitcointalk.

[trytrytryx3]

they are stuck on only the 720th bet?  is this some sort of SCAM?
720

Bet ID   Choice   Bet Amount   Bet Details   Block (Last Digit)   Status
720   f    0.00035   Click Here   439072 (f)   won ( 0.0056)

[Angelina Jolie]

they are stuck on only the 720th bet?  is this some sort of SCAM?
720

Bet ID   Choice   Bet Amount   Bet Details   Block (Last Digit)   Status
720   f    0.00035   Click Here   439072 (f)   won ( 0.0056)

Are you serious? What is the co-relation between being stuck at 720^th bet and being a scam?

[CasinoKiller]

Who really received winnings here?

[RocketSingh]

Who really received winnings here?

From the information provided in OP, all we can say is owner of the following addresses are the 4 biggest winner so far...

i. 1CoinBcK1kA9uK8vpkUncEwLHjEm5Wbkph - 1.5968 BTC

ii. 1BLockKo8FLApX2Wx7rJXv9C3bk9FJPzJj - 1.1168 BTC

iii. 17YTi5T5pGhsu3XJsRdMAiUwfsRLtsQEkJ - 0.3168 BTC

iv. 15KAjydnfMAhrgQePavBLJxjtoGfk7qv5h - 0.1704 BTC

To know more, u need to follow the trail left by these addresses and out the winners to ask them...