Flip a coin and win 200%

[Orhan1337]

Overview
Bitcoinflips is a Provably Fair coin flip game that allows gamblers to win 200% on their bets. The best part about the game is that, you can instantly withdraw your earnings and deposits reflect on the 2nd confirmation.  

How to play:
1. Choose heads or tails.
2. Enter your bet.
3. Flip the coin.


Referral system
The user friendly site has a strong referral system that will allow you to earn 0.50% from the profit of every winning bet!

Fee:
No deposit fee.
No fee to check fairness of flips.
1% withdrawal fee.

House edge
5%


200% definition:
Your bet + 100% = 200%.

http://bitcoinflips.com

[DarkStar_]

How can you afford to offer a +EV game in the long run? Players would be expected to make a profit, so I don't see why your running it like this. No mention that it's a promotion or anything, so I suspect it might be a scam (though they might be doing what bitcoinbetting.website is doing and making you pay a tx fee before you even know if you won or lost.)

[Orhan1337]

site is real simple. There is only a 1% withdrawal fee, no deposit fee. What do you mean by +EV?

[Lutpin]

Bitcoinflips is a Provably Fair coin flip game that allows gamblers to win 200% on their bets.

If you say "win 200%", I expect to get my bet back, plus 200% profit. This is not the case, it's a simple double or nothing game (I win exactly what I have wagered, hence 100%).
You should adjust your advertising there to avoid misunderstandings, because I can guarantee those will happen.

[Orhan1337]

Adjusted.

[BTCevo]

How can you afford to offer a +EV game in the long run? Players would be expected to make a profit, so I don't see why your running it like this. No mention that it's a promotion or anything, so I suspect it might be a scam (though they might be doing what bitcoinbetting.website is doing and making you pay a tx fee before you even know if you won or lost.)

This is not as same as bitcoinbetting because it is not based on blockchain which mean we dont need to pay skme fee before we know the result though. But to be precise what you are saying probably true because there is no house edge which mean OP will have a chance to scam us though

For OP is there any house edge there to get 200% payout?

[Orhan1337]

House edge has been stated as 5%. No fee needed in order to check the seed. withdrawal is 1%.

[Lutpin]

House edge has been stated as 5%. No fee needed in order to check the seed. withdrawal is 1%.

This is kinda broken.
There are 4998 possible outcomes for a tail win and only 4649 for a head. Playing on head hence increases your house edge.

[Orhan1337]

That's been left there for gamblers to read and see it.

[DarkStar_]

site is real simple. There is only a 1% withdrawal fee, no deposit fee. What do you mean by +EV?

Oh, 1% withdraw fee. That makes a lot more sense, and I believe no longer +EV. +EV means a positive expected value, and in my post, I was talking about the player having a positive expected value (expected to profit in the long run). It's kinda dumb that someone operation a gambling site doesn't know what EV is.

House edge has been stated as 5%. No fee needed in order to check the seed. withdrawal is 1%.

5% edge is overkill and won't get you many players - other sites like BitSler, Crypto-Games, PD have a 1% edge. Also, you have an inbalance between the chances of both flips (like Lutpin mentioned.)

[Orhan1337]

Thanks for the clarification.  I'll let the programmer know about it.

[keyscore44]

Game looks simple and clear, but when i play in test mode balance didn't change even one time.. after few games come out this message: "Things broke at our end, try another time."

I hope that in real game everything is ok?

[Orhan1337]

I'll forward the message. Thank you.

[TheMaze]

better games around there ,not challenging atall ,sorry

[Orhan1337]

k.

[JackpotRacer]

Overview
Bitcoinflips is a Provably Fair coin flip game that allows gamblers to win 200% on their bets. The best part about the game is that, you can instantly withdraw your earnings and deposits reflect on the 2nd confirmation.  

How to play:
1. Choose heads or tails.
2. Enter your bet.
3. Flip the coin.


Referral system
The user friendly site has a strong referral system that will allow you to earn 0.50% from the profit of every winning bet!

Fee:
No deposit fee.
No fee to check fairness of flips.
1% withdrawal fee.

House edge
5%


200% definition:
Your bet + 100% = 200%.

http://bitcoinflips.com

what is min and max bet? sorry if it was answered already

[zupdawg]

how does the house edge works if the pay out is 100% of the bet amount? isn't it like zero house edge or there is something i missed?

[Vod]

Overview
Bitcoinflips is a Provably Fair coin flip game

Hello - can you explain your proof please?

[Sweeet]

House edge
5%

I think this is a really good idea, but between 5% house edge and Provability fair I think it will drive some people away. I would focus on making these better for the player and you could probably increase popularity with your website by doing so. Making it transparent that the player can see its not rigged and lowering house edge and making the gui look nice could be good points in succeeding with your website. Good luck.

[maku]

So this game is very similar to Dice in concept. The only difference is that you can't set custom "win range".
Additionally, why anyone would want to play a game where total 6% of your win goes to the House? These fees are overkill.