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 Author Topic: Doubloon.co 🎁 Minesweeper Game 🎁 Jackpot Chance upto about 7 BTC!  (Read 2383 times)
JackpotRacer
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Racer and Lottery game are Closed

 November 15, 2016, 06:30:38 AM

Will the jackpot % win rate scale to my bet or is it a static % and caps at 20BTC?  Because if it's the latter that means the max bet is 2000 bits which is way too small.  But if it's the former and larger bets have a higher % of hitting the 20BTC jackpot that's way better.

I am very interested in your opinions about the math and chances of this JP cause we also want to add a JP to our sweeper

but we have a bit of headache as user @Bunt said > every click is a new bet so lets try to do the math

one bet the HE is 2%
https://www.moneypot.com/bets/640070101
and the probability is 0.00007997732609510422% translated in chance to hit the JP is 1 in 1 250 354 bets
the payout is wager x 10 000

another one is 0.52% HE
https://www.moneypot.com/bets/640069650
and the probability is 0.0000476837158203125% translated in chance to hit the JP is 1 in 2 097 152 bets
and the payout is wager x 10 000

another one is 0.20% HE
https://www.moneypot.com/bets/640070136
and the probability is 0.00007997732609510422% translated in chance to hit the JP is 1 in 1 250 354 bets
and the payout is wager x 10 000

payout is always wager x 10 000

please help me to understand why the 0.52% HE and 0.20% HE bets are accepted by MP (regarding the JP)

the 2% HE sounds fine to me

but if each click is a new bet then I dont understand that the 0.52% HE and 0.20% HE bets are accepted by MP and MP would pay wager x 10 000

what did I miss here cause I thought only +EV bets are accepted by MP/Investors? and thankful to everyone who can explain

thx

The 0.2% house edge bet is still +ev for MP and the investors. The theoretical return on those rates & percentages yields ~1.205134 bits, and the bet was 1.21 bits. The player still pays a relatively high total house edge, since they are repeatedly gambling the wager and payout if they use the same board.

thank you very much for taking the time to answer with your explanation. would you mind to do the math for the 0.20% HE bet so we can see the +EV? would be very much appreciated

1.21 bits wager x 1 250 354 = turnover of 1 512 928 bits
can we agree here?

......................
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1508287360
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ONM
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Activity: 79

 November 15, 2016, 06:31:06 AM

Will the jackpot % win rate scale to my bet or is it a static % and caps at 20BTC?  Because if it's the latter that means the max bet is 2000 bits which is way too small.  But if it's the former and larger bets have a higher % of hitting the 20BTC jackpot that's way better.

I am very interested in your opinions about the math and chances of this JP cause we also want to add a JP to our sweeper

but we have a bit of headache as user @Bunt said > every click is a new bet so lets try to do the math

one bet the HE is 2%
https://www.moneypot.com/bets/640070101
and the probability is 0.00007997732609510422% translated in chance to hit the JP is 1 in 1 250 354 bets
the payout is wager x 10 000

another one is 0.52% HE
https://www.moneypot.com/bets/640069650
and the probability is 0.0000476837158203125% translated in chance to hit the JP is 1 in 2 097 152 bets
and the payout is wager x 10 000

another one is 0.20% HE
https://www.moneypot.com/bets/640070136
and the probability is 0.00007997732609510422% translated in chance to hit the JP is 1 in 1 250 354 bets
and the payout is wager x 10 000

payout is always wager x 10 000

please help me to understand why the 0.52% HE and 0.20% HE bets are accepted by MP (regarding the JP)

the 2% HE sounds fine to me

but if each click is a new bet then I dont understand that the 0.52% HE and 0.20% HE bets are accepted by MP and MP would pay wager x 10 000

what did I miss here cause I thought only +EV bets are accepted by MP/Investors? and thankful to everyone who can explain

thx

That's a good question.  I haven't looked into it in depth but I'd guess it might have something to do with rounding to two decimal places.

The 0.2% house edge bet is still +ev for MP and the investors. The theoretical return on those rates & percentages yields ~1.205134 bits, and the bet was 1.21 bits. The player still pays a relatively high total house edge, since they are repeatedly gambling the wager and payout if they use the same board.

You're correct in the bet being +ev for MP/investors, but incorrect as far as how much theoretically.  You're looking at the results (the bet lost) and assuming it's theoretical, but it's not, it's just what happened that specific time.  Theoretically, the player loses .2% of that bet every time he bets.  .2% of 1.21 is .00242.  The player also wouldn't pay a "relatively high total house edge" because every bet is independent of each other.  Yes, if someone keeps clicking boxes they have a higher chance of losing their initial bet, but you can say that about any gambling game ever.
ONM
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Activity: 79

 November 15, 2016, 06:43:59 AM

Ok, so I did a few test bets so see for myself how it works (since, again, there's no clear rules posted anywhere either on the site or on this thread) and I found kind of a good news/bad news.  The good news is that the jackpot % DOES seem to scale for bets that would exceed the 20BTC jackpot.  The bad news is that it seems like the house edge is 2% across the board which is quite high.

100 bit bet: https://www.moneypot.com/bets/640214598

1000 bit bet: https://www.moneypot.com/bets/640213723

10000 bit bet: https://www.moneypot.com/bets/640260805

You'll see the 10,000 bit bet has a higher % chance of hitting the jackpot because the jackpot is less than 10000x.  This is good.  But, the HE seems to be 2% for every bet.  This is bad, especially since it's promoted as having a "~1% House Edge" and also because there's a bitsweep on another MP-backed site that's only 1% HE.

I do like the jackpot aspect and I appreciate that it's applied in a way that makes sense and scales to larger bets, but the house edge being double what it's advertised as is going to be a dealbreaker for me.
absy
Hero Member

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Activity: 798

 November 15, 2016, 06:52:50 AM

Ok, so I did a few test bets so see for myself how it works (since, again, there's no clear rules posted anywhere either on the site or on this thread) and I found kind of a good news/bad news.  The good news is that the jackpot % DOES seem to scale for bets that would exceed the 20BTC jackpot.  The bad news is that it seems like the house edge is 2% across the board which is quite high.

100 bit bet: https://www.moneypot.com/bets/640214598

1000 bit bet: https://www.moneypot.com/bets/640213723

10000 bit bet: https://www.moneypot.com/bets/640213723

You'll see the 10,000 bit bet has a higher % chance of hitting the jackpot because the jackpot is less than 10000x.  This is good.  But, the HE seems to be 2% for every bet.  This is bad, especially since it's promoted as having a "~1% House Edge" and also because there's a bitsweep on another MP-backed site that's only 1% HE.

I do like the jackpot aspect and I appreciate that it's applied in a way that makes sense and scales to larger bets, but the house edge being double what it's advertised as is going to be a dealbreaker for me.
You have shared same id for both 1000 bit bet and 10000 bit bet and both 100 bit and 1000 bit bet have same chance of 0.0000799% to hit the JP , so according to you for bets  where JP > 20BTC ( which will be capped to 20 BTC)  will have chance greater than 0.0000799% ?

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ONM
Member

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Activity: 79

 November 15, 2016, 06:57:42 AM

Ok, so I did a few test bets so see for myself how it works (since, again, there's no clear rules posted anywhere either on the site or on this thread) and I found kind of a good news/bad news.  The good news is that the jackpot % DOES seem to scale for bets that would exceed the 20BTC jackpot.  The bad news is that it seems like the house edge is 2% across the board which is quite high.

100 bit bet: https://www.moneypot.com/bets/640214598

1000 bit bet: https://www.moneypot.com/bets/640213723

10000 bit bet: https://www.moneypot.com/bets/640213723

You'll see the 10,000 bit bet has a higher % chance of hitting the jackpot because the jackpot is less than 10000x.  This is good.  But, the HE seems to be 2% for every bet.  This is bad, especially since it's promoted as having a "~1% House Edge" and also because there's a bitsweep on another MP-backed site that's only 1% HE.

I do like the jackpot aspect and I appreciate that it's applied in a way that makes sense and scales to larger bets, but the house edge being double what it's advertised as is going to be a dealbreaker for me.
You have shared same id for both 1000 bit bet and 10000 bit bet and both 100 bit and 1000 bit bet have same chance of 0.0000799% to hit the JP , so according to you for bets  where JP > 20BTC ( which will be capped to 20 BTC)  will have chance greater than 0.0000799% ?

My mistake, thanks for pointing that out.  It's now edited with the correct bet (which to prove my point I had to bet again since there doesn't seem to be a way to see my past bets once I close the window).
actmyname
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Activity: 854

trustless trust

 November 15, 2016, 07:01:23 AM

Ok, so I did a few test bets so see for myself how it works (since, again, there's no clear rules posted anywhere either on the site or on this thread) and I found kind of a good news/bad news.  The good news is that the jackpot % DOES seem to scale for bets that would exceed the 20BTC jackpot.  The bad news is that it seems like the house edge is 2% across the board which is quite high.

100 bit bet: https://www.moneypot.com/bets/640214598

1000 bit bet: https://www.moneypot.com/bets/640213723

10000 bit bet: https://www.moneypot.com/bets/640260805

You'll see the 10,000 bit bet has a higher % chance of hitting the jackpot because the jackpot is less than 10000x.  This is good.  But, the HE seems to be 2% for every bet.  This is bad, especially since it's promoted as having a "~1% House Edge" and also because there's a bitsweep on another MP-backed site that's only 1% HE.

I do like the jackpot aspect and I appreciate that it's applied in a way that makes sense and scales to larger bets, but the house edge being double what it's advertised as is going to be a dealbreaker for me.

Example of a 1% house edge bet: https://www.moneypot.com/bets/640264481

It seems that the 1 mine games (at least initially anyway) have a house edge of 2%.

But haven't we already seen <1% house edge games courtesy of JackpotRacer?

one bet the HE is 2%
https://www.moneypot.com/bets/640070101
and the probability is 0.00007997732609510422% translated in chance to hit the JP is 1 in 1 250 354 bets
the payout is wager x 10 000

another one is 0.52% HE
https://www.moneypot.com/bets/640069650
and the probability is 0.0000476837158203125% translated in chance to hit the JP is 1 in 2 097 152 bets
and the payout is wager x 10 000

another one is 0.20% HE
https://www.moneypot.com/bets/640070136
and the probability is 0.00007997732609510422% translated in chance to hit the JP is 1 in 1 250 354 bets
and the payout is wager x 10 000

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zupdawg
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Activity: 462

 November 15, 2016, 07:05:33 AM

Ok, so I did a few test bets so see for myself how it works (since, again, there's no clear rules posted anywhere either on the site or on this thread) and I found kind of a good news/bad news.  The good news is that the jackpot % DOES seem to scale for bets that would exceed the 20BTC jackpot.  The bad news is that it seems like the house edge is 2% across the board which is quite high.

100 bit bet: https://www.moneypot.com/bets/640214598

1000 bit bet: https://www.moneypot.com/bets/640213723

10000 bit bet: https://www.moneypot.com/bets/640213723

You'll see the 10,000 bit bet has a higher % chance of hitting the jackpot because the jackpot is less than 10000x.  This is good.  But, the HE seems to be 2% for every bet.  This is bad, especially since it's promoted as having a "~1% House Edge" and also because there's a bitsweep on another MP-backed site that's only 1% HE.

I do like the jackpot aspect and I appreciate that it's applied in a way that makes sense and scales to larger bets, but the house edge being double what it's advertised as is going to be a dealbreaker for me.

Sorry im kinda lost on your post, where can i see a thing about the jackpot chance on those bet ids? I can't see any jackpot word there

 ▄▄███▄▄     ▄▄███████████▄▄ ▄▄███████████████████▄▄██████████████████████████  ▀▀██████████████████▀▀ ▄▄      ▀▀██████████▀▀ ▄▄████          ▀▀█▀▀ ▄▄█████████             ▄█████████████             ██████████████             ██████████████             ██████████████             ██████████████             █████████████▀             █████████▀▀             █████▀▀             ▀▀▀ .Brickblock.io ║║║║║║║║║║ .THE FUTURE OF STOCK TRADING ON THE BLOCKCHAINREAL ESTATE FUNDS ▬ EXCHANGE TRADED FUNDS ▬ CRYPTO TRADED FUNDS ║║║║║║║║║║ ▄▄██▄              ▄▄█▀▀  ██          ▄▄█▀▀      █▌      ▄▄█▀▀   ▄▀    ██ ▄▄▄█▀▀    ▄█▀     ▐███      ▄██▀       █▌ ▀▀██▄███▀        ██     ██▀▀█▄▄▄     █▌      █▄  ██▀▀▀█▄██       █▄█▀ ▄▄▄▄▄▄    ▄████████    █████▀▀▀▀   ▐████   ▐████████████████████████████   ▐████   ▐████   ▐████   ▐████ ▄████▄▄    ▄██             ████████████▀ ████▄         █████████████▀ ▀████████▄▄   █████████████▄▄███████████████████████████████████████████████████  ▀██████████████████████    █████████████████████     ▀█████████████████▀      ▄█████████████▀▄▄███████████████▀    ▀▀▀▀▀▀▀▀▀▀▀ ▄▄▄                  ▄▄▄█████▄             ▄██████▄█████████▄        ████████████▄██████████▌▄     ████████████████████████▌▐█  ▄█████████████▀▄███████████▌▐██▄▀████████████ █████████████▌▐████▀██████████ ██████████████▌▐█████ ███████▀▄███████████████▌ ▀█████▄▀████ █████████████████▌   ▀▀████ ██▄████████▀█████████▌      ▀▀▀▀ ▄█████████   ▀▀█████▌             ▀▀██████        ▀█▌                  ▀▀█ ║║║║║║║║║║ .Crowd Salestarts 31st of October
ONM
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Activity: 79

 November 15, 2016, 07:15:35 AM

Ok, so I did a few test bets so see for myself how it works (since, again, there's no clear rules posted anywhere either on the site or on this thread) and I found kind of a good news/bad news.  The good news is that the jackpot % DOES seem to scale for bets that would exceed the 20BTC jackpot.  The bad news is that it seems like the house edge is 2% across the board which is quite high.

100 bit bet: https://www.moneypot.com/bets/640214598

1000 bit bet: https://www.moneypot.com/bets/640213723

10000 bit bet: https://www.moneypot.com/bets/640213723

You'll see the 10,000 bit bet has a higher % chance of hitting the jackpot because the jackpot is less than 10000x.  This is good.  But, the HE seems to be 2% for every bet.  This is bad, especially since it's promoted as having a "~1% House Edge" and also because there's a bitsweep on another MP-backed site that's only 1% HE.

I do like the jackpot aspect and I appreciate that it's applied in a way that makes sense and scales to larger bets, but the house edge being double what it's advertised as is going to be a dealbreaker for me.

Sorry im kinda lost on your post, where can i see a thing about the jackpot chance on those bet ids? I can't see any jackpot word there

In the "Advanced" section.  The main payout is a 1.25% profit and the small chance payout is a 10000x profit (on the 100 and 1000 games).
JackpotRacer
Hero Member

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Activity: 854

Racer and Lottery game are Closed

 November 15, 2016, 07:41:38 AM

lets take the 10k bits bet as an example
https://www.moneypot.com/bets/640260805

lets do the math or better you do it

Probability to hit the JP is 0.0003998866304755211% equals to a chance to hit the JP 1 in 250 070 bets

player will hit JP in average once in 250 070 bets

JP is wager (10k bits) x 2 000 = 20 BTC

now the most important part is (IMO) the math 10 000 wager x 250 070 = ? and then please do the math and find the result for 2% HE

I get 2% HE is ~50 BTC  (50014000) expected profit for app owner and MP/Investors.

split is 50% so app owner gets ~ 25 BTC and MP/Investors get 25 BTC

MP/Investors pay out the 20 BTC JP so it is still +EV

from players view it is that he did a nice turnover of  10 000 bits wager x 250 070 = ? with 2% HE and get back in average 20 BTC JP

please correct me if I am wrong

imo a very confusing JP set up and we will try to find another JP for our sweeper

......................
ONM
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Activity: 79

 November 15, 2016, 07:51:52 AM

lets take the 10k bits bet as an example
https://www.moneypot.com/bets/640260805

lets do the math or better you do it

Probability to hit the JP is 0.0003998866304755211% equals to a chance to hit the JP 1 in 250 070 bets

player will hit JP in average once in 250 070 bets

JP is wager (10k bits) x 2 000 = 20 BTC

now the most important part is (IMO) the math 10 000 wager x 250 070 = ? and then please do the math and find the result for 2% HE

I get 2% HE is ~50 BTC  (50014000) expected profit for app owner and MP/Investors.

split is 50% so app owner gets ~ 25 BTC and MP/Investors get 25 BTC

MP/Investors pay out the 20 BTC JP so it is still +EV

from players view it is that he did a nice turnover of  10 000 bits wager x 250 070 = ? with 2% HE and get back in average 20 BTC JP

please correct me if I am wrong

imo a very confusing JP set up and we will try to find another JP for our sweeper

You're forgetting about the ~96% of the time that the player wins 125 bits.
Karat
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Activity: 158

 November 15, 2016, 08:00:54 AM

lets take the 10k bits bet as an example
https://www.moneypot.com/bets/640260805

lets do the math or better you do it

Probability to hit the JP is 0.0003998866304755211% equals to a chance to hit the JP 1 in 250 070 bets

player will hit JP in average once in 250 070 bets

JP is wager (10k bits) x 2 000 = 20 BTC

now the most important part is (IMO) the math 10 000 wager x 250 070 = ? and then please do the math and find the result for 2% HE

I get 2% HE is ~50 BTC  (50014000) expected profit for app owner and MP/Investors.

split is 50% so app owner gets ~ 25 BTC and MP/Investors get 25 BTC

MP/Investors pay out the 20 BTC JP so it is still +EV

from players view it is that he did a nice turnover of  10 000 bits wager x 250 070 = ? with 2% HE and get back in average 20 BTC JP

please correct me if I am wrong

imo a very confusing JP set up and we will try to find another JP for our sweeper

You're forgetting about the ~96% of the time that the player wins 125 bits.
ya so actually it takes less amount to hit the jackpot . Owner should take care of all this and end this confusion , he should mention the probability of hitting the jackpot and how many bets once the jackpot is hit . although the HE keeps on changing , idk why . yesterday i bet on doubloon , it was 1.7% HE  , today its 2% .

JackpotRacer
Hero Member

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Activity: 854

Racer and Lottery game are Closed

 November 15, 2016, 08:05:42 AM

lets take the 10k bits bet as an example
https://www.moneypot.com/bets/640260805

lets do the math or better you do it

Probability to hit the JP is 0.0003998866304755211% equals to a chance to hit the JP 1 in 250 070 bets

player will hit JP in average once in 250 070 bets

JP is wager (10k bits) x 2 000 = 20 BTC

now the most important part is (IMO) the math 10 000 wager x 250 070 = ? and then please do the math and find the result for 2% HE

I get 2% HE is ~50 BTC  (50014000) expected profit for app owner and MP/Investors.

split is 50% so app owner gets ~ 25 BTC and MP/Investors get 25 BTC

MP/Investors pay out the 20 BTC JP so it is still +EV

from players view it is that he did a nice turnover of  10 000 bits wager x 250 070 = ? with 2% HE and get back in average 20 BTC JP

please correct me if I am wrong

imo a very confusing JP set up and we will try to find another JP for our sweeper

You're forgetting about the ~96% of the time that the player wins 125 bits.

imo it is not the question if a player win or lose a bet. it is the 2% HE tha counts. lets take a simple example and a player wagers 1000 x 100 bits with a 2% HE

player wagered 100k bits and a la longue each 100k turnover he loses the 2% HE = 2000 bits

......................
ONM
Member

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Activity: 79

 November 15, 2016, 08:26:15 AM

lets take the 10k bits bet as an example
https://www.moneypot.com/bets/640260805

lets do the math or better you do it

Probability to hit the JP is 0.0003998866304755211% equals to a chance to hit the JP 1 in 250 070 bets

player will hit JP in average once in 250 070 bets

JP is wager (10k bits) x 2 000 = 20 BTC

now the most important part is (IMO) the math 10 000 wager x 250 070 = ? and then please do the math and find the result for 2% HE

I get 2% HE is ~50 BTC  (50014000) expected profit for app owner and MP/Investors.

split is 50% so app owner gets ~ 25 BTC and MP/Investors get 25 BTC

MP/Investors pay out the 20 BTC JP so it is still +EV

from players view it is that he did a nice turnover of  10 000 bits wager x 250 070 = ? with 2% HE and get back in average 20 BTC JP

please correct me if I am wrong

imo a very confusing JP set up and we will try to find another JP for our sweeper

You're forgetting about the ~96% of the time that the player wins 125 bits.

imo it is not the question if a player win or lose a bet. it is the 2% HE tha counts. lets take a simple example and a player wagers 1000 x 100 bits with a 2% HE

player wagered 100k bits and a la longue each 100k turnover he loses the 2% HE = 2000 bits

I'm trying to understand your confusion.  It seems like you don't understand how house edge works?  In the bitsweeper, there are three different outcomes: either the player wins a small amount, the player wins an extremely large amount, or the player loses his wager.  To adjust the house edge, you just change the frequency/likelihood of those events.

If a player wagers 1000 bits 100 times, he will theoretically end up with 2000 less bits than he started with (assuming the house edge is 2%).
JackpotRacer
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Activity: 854

Racer and Lottery game are Closed

 November 15, 2016, 08:42:05 AM

lets take the 10k bits bet as an example
https://www.moneypot.com/bets/640260805

lets do the math or better you do it

Probability to hit the JP is 0.0003998866304755211% equals to a chance to hit the JP 1 in 250 070 bets

player will hit JP in average once in 250 070 bets

JP is wager (10k bits) x 2 000 = 20 BTC

now the most important part is (IMO) the math 10 000 wager x 250 070 = ? and then please do the math and find the result for 2% HE

I get 2% HE is ~50 BTC  (50014000) expected profit for app owner and MP/Investors.

split is 50% so app owner gets ~ 25 BTC and MP/Investors get 25 BTC

MP/Investors pay out the 20 BTC JP so it is still +EV

from players view it is that he did a nice turnover of  10 000 bits wager x 250 070 = ? with 2% HE and get back in average 20 BTC JP

please correct me if I am wrong

imo a very confusing JP set up and we will try to find another JP for our sweeper

You're forgetting about the ~96% of the time that the player wins 125 bits.

imo it is not the question if a player win or lose a bet. it is the 2% HE tha counts. lets take a simple example and a player wagers 1000 x 100 bits with a 2% HE

player wagered 100k bits and a la longue each 100k turnover he loses the 2% HE = 2000 bits

I'm trying to understand your confusion.  It seems like you don't understand how house edge works?  In the bitsweeper, there are three different outcomes: either the player wins a small amount, the player wins an extremely large amount, or the player loses his wager.  To adjust the house edge, you just change the frequency/likelihood of those events.

If a player wagers 1000 bits 100 times, he will theoretically end up with 2000 less bits than he started with (assuming the house edge is 2%).

I understand how HE works and you are confirming it with
If a player wagers 1000 bits 100 times, he will theoretically end up with 2000 less bits than he started with (assuming the house edge is 2%).

maybe  I dont understand the sweeper HE implementation

user @Bunt said that each click is a new bet and if he is right and IMO he is right
then each bet with 2% HE has its own math and each bet with 0.2% HE has its own math namely according to the sample you agreed on

If a player wagers 1000 bits 100 times, he will theoretically end up with 2000 less bits than he started with (assuming the house edge is 2%).

what is your opinion regarding this JP set up? is it a good one? as I mentioned before we are looking for a good JP set up for our sweeper

thx for bearing wth me

......................
ONM
Member

Offline

Activity: 79

 November 15, 2016, 09:03:02 AM

lets take the 10k bits bet as an example
https://www.moneypot.com/bets/640260805

lets do the math or better you do it

Probability to hit the JP is 0.0003998866304755211% equals to a chance to hit the JP 1 in 250 070 bets

player will hit JP in average once in 250 070 bets

JP is wager (10k bits) x 2 000 = 20 BTC

now the most important part is (IMO) the math 10 000 wager x 250 070 = ? and then please do the math and find the result for 2% HE

I get 2% HE is ~50 BTC  (50014000) expected profit for app owner and MP/Investors.

split is 50% so app owner gets ~ 25 BTC and MP/Investors get 25 BTC

MP/Investors pay out the 20 BTC JP so it is still +EV

from players view it is that he did a nice turnover of  10 000 bits wager x 250 070 = ? with 2% HE and get back in average 20 BTC JP

please correct me if I am wrong

imo a very confusing JP set up and we will try to find another JP for our sweeper

You're forgetting about the ~96% of the time that the player wins 125 bits.

imo it is not the question if a player win or lose a bet. it is the 2% HE tha counts. lets take a simple example and a player wagers 1000 x 100 bits with a 2% HE

player wagered 100k bits and a la longue each 100k turnover he loses the 2% HE = 2000 bits

I'm trying to understand your confusion.  It seems like you don't understand how house edge works?  In the bitsweeper, there are three different outcomes: either the player wins a small amount, the player wins an extremely large amount, or the player loses his wager.  To adjust the house edge, you just change the frequency/likelihood of those events.

If a player wagers 1000 bits 100 times, he will theoretically end up with 2000 less bits than he started with (assuming the house edge is 2%).

I understand how HE works and you are confirming it with
If a player wagers 1000 bits 100 times, he will theoretically end up with 2000 less bits than he started with (assuming the house edge is 2%).

maybe  I dont understand the sweeper HE implementation

user @Bunt said that each click is a new bet and if he is right and IMO he is right
then each bet with 2% HE has its own math and each bet with 0.2% HE has its own math namely according to the sample you agreed on

If a player wagers 1000 bits 100 times, he will theoretically end up with 2000 less bits than he started with (assuming the house edge is 2%).

what is your opinion regarding this JP set up? is it a good one? as I mentioned before we are looking for a good JP set up for our sweeper

thx for bearing wth me

Each click is a new bet, yes.  If I bet 1000 and win 12.5 and click on another square, I'm now betting 1012.5 on that next click.

My opinion is that a 2% house edge is way too high and I personally don't like the 1-in-250k jackpot structure.  It's so infrequent that it'll realistically never hit (for any individual) and because of that drives the effective house edge up even more.  I'd much prefer a jackpot that hits in the 1-in-1000 to 1-in-10000 range.
JackpotRacer
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Activity: 854

Racer and Lottery game are Closed

 November 15, 2016, 09:17:46 AM

lets take the 10k bits bet as an example
https://www.moneypot.com/bets/640260805

lets do the math or better you do it

Probability to hit the JP is 0.0003998866304755211% equals to a chance to hit the JP 1 in 250 070 bets

player will hit JP in average once in 250 070 bets

JP is wager (10k bits) x 2 000 = 20 BTC

now the most important part is (IMO) the math 10 000 wager x 250 070 = ? and then please do the math and find the result for 2% HE

I get 2% HE is ~50 BTC  (50014000) expected profit for app owner and MP/Investors.

split is 50% so app owner gets ~ 25 BTC and MP/Investors get 25 BTC

MP/Investors pay out the 20 BTC JP so it is still +EV

from players view it is that he did a nice turnover of  10 000 bits wager x 250 070 = ? with 2% HE and get back in average 20 BTC JP

please correct me if I am wrong

imo a very confusing JP set up and we will try to find another JP for our sweeper

You're forgetting about the ~96% of the time that the player wins 125 bits.

imo it is not the question if a player win or lose a bet. it is the 2% HE tha counts. lets take a simple example and a player wagers 1000 x 100 bits with a 2% HE

player wagered 100k bits and a la longue each 100k turnover he loses the 2% HE = 2000 bits

I'm trying to understand your confusion.  It seems like you don't understand how house edge works?  In the bitsweeper, there are three different outcomes: either the player wins a small amount, the player wins an extremely large amount, or the player loses his wager.  To adjust the house edge, you just change the frequency/likelihood of those events.

If a player wagers 1000 bits 100 times, he will theoretically end up with 2000 less bits than he started with (assuming the house edge is 2%).

I understand how HE works and you are confirming it with
If a player wagers 1000 bits 100 times, he will theoretically end up with 2000 less bits than he started with (assuming the house edge is 2%).

maybe  I dont understand the sweeper HE implementation

user @Bunt said that each click is a new bet and if he is right and IMO he is right
then each bet with 2% HE has its own math and each bet with 0.2% HE has its own math namely according to the sample you agreed on

If a player wagers 1000 bits 100 times, he will theoretically end up with 2000 less bits than he started with (assuming the house edge is 2%).

what is your opinion regarding this JP set up? is it a good one? as I mentioned before we are looking for a good JP set up for our sweeper

thx for bearing wth me

Each click is a new bet, yes.  If I bet 1000 and win 12.5 and click on another square, I'm now betting 1012.5 on that next click.

My opinion is that a 2% house edge is way too high and I personally don't like the 1-in-250k jackpot structure.  It's so infrequent that it'll realistically never hit (for any individual) and because of that drives the effective house edge up even more.  I'd much prefer a jackpot that hits in the 1-in-1000 to 1-in-10000 range.

thx for your JP set up feedback.

lets take your proposal of a JP that hits 1 in 1000 bets. to me this JP would hit much to often and would not allow an attractive JP Prize

lets say player wagers 1000 x 1000 bits with a 1% HE= wager is 1 000 000 bits =  app owner and MP/Investors split 1% = 10 000 bits is 5000 bits each side

what should app owner give as a JP prize in case he pays JP like bit exo is doing?
what JP Prize should MP/Investors give?

if each side gives 5000 bits JP Prize they did not earn 1 satoshi

what would be an acceptable JP Prize for this scenario in your opinion?

sure we could do the same for 1 in 10 000 bets chance to hit JP as your 2nd example and we get all numbers x 10

thx again

......................
zupdawg
Sr. Member

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Activity: 462

 November 15, 2016, 09:44:52 AM

Can anyone confirm, it is not possible now to bet more than 2000bits? I tried to make a bet more than 2000bits but it keeps loading and when i tried to refresh and made small bet it goes through and i tried betting again 2500 bits and it cant

 ▄▄███▄▄     ▄▄███████████▄▄ ▄▄███████████████████▄▄██████████████████████████  ▀▀██████████████████▀▀ ▄▄      ▀▀██████████▀▀ ▄▄████          ▀▀█▀▀ ▄▄█████████             ▄█████████████             ██████████████             ██████████████             ██████████████             ██████████████             █████████████▀             █████████▀▀             █████▀▀             ▀▀▀ .Brickblock.io ║║║║║║║║║║ .THE FUTURE OF STOCK TRADING ON THE BLOCKCHAINREAL ESTATE FUNDS ▬ EXCHANGE TRADED FUNDS ▬ CRYPTO TRADED FUNDS ║║║║║║║║║║ ▄▄██▄              ▄▄█▀▀  ██          ▄▄█▀▀      █▌      ▄▄█▀▀   ▄▀    ██ ▄▄▄█▀▀    ▄█▀     ▐███      ▄██▀       █▌ ▀▀██▄███▀        ██     ██▀▀█▄▄▄     █▌      █▄  ██▀▀▀█▄██       █▄█▀ ▄▄▄▄▄▄    ▄████████    █████▀▀▀▀   ▐████   ▐████████████████████████████   ▐████   ▐████   ▐████   ▐████ ▄████▄▄    ▄██             ████████████▀ ████▄         █████████████▀ ▀████████▄▄   █████████████▄▄███████████████████████████████████████████████████  ▀██████████████████████    █████████████████████     ▀█████████████████▀      ▄█████████████▀▄▄███████████████▀    ▀▀▀▀▀▀▀▀▀▀▀ ▄▄▄                  ▄▄▄█████▄             ▄██████▄█████████▄        ████████████▄██████████▌▄     ████████████████████████▌▐█  ▄█████████████▀▄███████████▌▐██▄▀████████████ █████████████▌▐████▀██████████ ██████████████▌▐█████ ███████▀▄███████████████▌ ▀█████▄▀████ █████████████████▌   ▀▀████ ██▄████████▀█████████▌      ▀▀▀▀ ▄█████████   ▀▀█████▌             ▀▀██████        ▀█▌                  ▀▀█ ║║║║║║║║║║ .Crowd Salestarts 31st of October
JackpotRacer
Hero Member

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Activity: 854

Racer and Lottery game are Closed

 November 15, 2016, 09:50:42 AM

Can anyone confirm, it is not possible now to bet more than 2000bits? I tried to make a bet more than 2000bits but it keeps loading and when i tried to refresh and made small bet it goes through and i tried betting again 2500 bits and it cant

but user ONM did a bet with 10 000 bits

......................
Naoko
Hero Member

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Activity: 728

 November 15, 2016, 09:57:29 AM

Can anyone confirm, it is not possible now to bet more than 2000bits? I tried to make a bet more than 2000bits but it keeps loading and when i tried to refresh and made small bet it goes through and i tried betting again 2500 bits and it cant

but user ONM did a bet with 10 000 bits

that's probably made few minutes before MP team changes some codes in the system not to accept bets more than 2000bits on minesweepers games with JP like that (i guess)

can anyone try to bet more than 2000 bits now and verify this?

tried it with 2001bits bet and confirmed MP not accepting anymore, 2000bits bet goes through

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Emerge
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 November 15, 2016, 10:05:49 AM

Glad to see movement and development of Doubloon.
Hope you continue to maintain and improve it.

Regards
Jm

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