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Author Topic: Flip a coin and win 200%  (Read 1845 times)
Orhan1337 (OP)
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November 17, 2016, 11:24:21 PM
Last edit: November 17, 2016, 11:39:41 PM by Orhan1337
 #1

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_
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November 17, 2016, 11:26:52 PM
 #2

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.)

taking a break - expect delayed responses
Orhan1337 (OP)
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November 17, 2016, 11:28:51 PM
 #3

site is real simple. There is only a 1% withdrawal fee, no deposit fee. What do you mean by +EV?
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November 17, 2016, 11:30:15 PM
 #4

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.

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Orhan1337 (OP)
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November 17, 2016, 11:31:38 PM
 #5

Adjusted.
BTCevo
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November 17, 2016, 11:33:03 PM
 #6

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 (OP)
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November 17, 2016, 11:33:51 PM
 #7

House edge has been stated as 5%. No fee needed in order to check the seed. withdrawal is 1%.
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November 17, 2016, 11:37:22 PM
 #8

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.

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Orhan1337 (OP)
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November 17, 2016, 11:40:12 PM
 #9

That's been left there for gamblers to read and see it.
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November 17, 2016, 11:52:40 PM
 #10

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.)

taking a break - expect delayed responses
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November 17, 2016, 11:54:02 PM
 #11

Thanks for the clarification.  I'll let the programmer know about it.
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November 18, 2016, 12:03:31 AM
 #12

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? Wink

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Orhan1337 (OP)
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November 18, 2016, 12:04:21 AM
 #13

I'll forward the message. Thank you.
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November 18, 2016, 12:13:40 AM
 #14

better games around there ,not challenging atall ,sorry
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November 18, 2016, 12:25:16 AM
 #15

k.
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November 18, 2016, 08:32:23 AM
 #16

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

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November 18, 2016, 09:22:25 AM
 #17

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?

 
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November 18, 2016, 09:25:02 AM
 #18

Overview
Bitcoinflips is a Provably Fair coin flip game

Hello - can you explain your proof please?

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November 18, 2016, 09:57:01 AM
 #19

Quote
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.
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November 18, 2016, 10:03:27 AM
 #20

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.
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