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Author Topic: Primedice.com | Creators of Dicing 🎲 | 22 Billion Bets | 112+ BTC Jackpot!  (Read 1879659 times)
hasher87
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May 29, 2013, 02:22:04 PM
 #641

think I just painfully demonstrated to myself that martingale indeed does not work Smiley

all started great when I went from 1 to 3 BTC with 0.002 BTC starting bets... at short over 3 I hit a bad luck streak of 10 <50 rolls and was back to 1.something BTC... went all in 'hail mary' style and lost the rest. then I figured: well, I made it from 1 to 3 BTC without problems, I can do it again. Deposited two extra BTC and shortly after I hit another 11 or 12 <50 rolls and lost all that too.

short journey. lesson learned Smiley
it works only when you aren't losing...but until the number comes to 128/256/512/1024, then you have a reason to be aware of your current situation
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Boelens
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May 29, 2013, 02:24:36 PM
 #642

Well, just tried martingtale, and lost, why did I even do that? Oh well, won it back, am only on a -0.1BTC profit now, hope I can make it up. I want to stay positive.

Also, I just read the FAQ and it said you were working on getting rewards for Prime Points, I'm wondering, what kind of rewards will these be?
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May 29, 2013, 04:20:11 PM
 #643

This is a really enjoyable site! Is it not vulnerable to double spending though?

Lurking since 2011...
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hasher87
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May 29, 2013, 04:30:16 PM
 #644

played a few games with martingale system, luck went on my side as there was never a bet of more than 32, and won a profit of +0.00465btc

Again, not that much...but hey at least i dont lose at all!  Grin
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May 29, 2013, 08:56:03 PM
 #645

This is a really enjoyable site! Is it not vulnerable to double spending though?

We have several systems in place to prevent double spends  Smiley.

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BigBitz
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May 29, 2013, 09:02:13 PM
 #646

This is a really enjoyable site! Is it not vulnerable to double spending though?

We have several systems in place to prevent double spends  Smiley.
Stunna did you read my posts? Was I just being a thick head?  Grin

Tips BTC --> 1BS2sYvy3T1cpNhie6CVFMcUrHa84a8mPa <-- Thanks! || Tips [LTC] --> LaytYJNCha7z7zcws5a2o2GWWjvWfDCGkr <--
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May 29, 2013, 09:44:22 PM
 #647

Am I being stupid here....

We could work on finding a gentler word for it if you like?  Wink

if I bet 0.25BTC and roll 50.50 that's 2x payout, yeah which is 0.5 so how come my balance only increased by 0.25 each time?

You're effectively betting on a coin flip.  Half the time you win, half the time you lose (let's ignore the house edge for the purposes of this - in reality you win slightly less than half the time).

You bet 0.25 each time.  When you lose, you're down 0.25.  When you win, you're up 0.25.  So in the long run it balances out.

If you made 0.5 profit each time you won, and only made a 0.25 loss each time you lost, the site would soon go bust.

In short, the '2x' payout includes your original stake.  You bet 0.25 and get 2 times that back when you win, so you get 0.50 back, which is your 0.25 bet plus your 0.25 profit. When you win, you double (2x) your money from 0.25 to 0.50 - a profit of 1x your money.

Get it?

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vlees
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May 29, 2013, 09:52:25 PM
 #648

Am I being stupid here....

We could work on finding a gentler word for it if you like?  Wink

if I bet 0.25BTC and roll 50.50 that's 2x payout, yeah which is 0.5 so how come my balance only increased by 0.25 each time?

You're effectively betting on a coin flip.  Half the time you win, half the time you lose (let's ignore the house edge for the purposes of this - in reality you win slightly less than half the time).

You bet 0.25 each time.  When you lose, you're down 0.25.  When you win, you're up 0.25.  So in the long run it balances out.

If you made 0.5 profit each time you won, and only made a 0.25 loss each time you lost, the site would soon go bust.

In short, the '2x' payout includes your original stake.  You bet 0.25 and get 2 times that back when you win, so you get 0.50 back, which is your 0.25 bet plus your 0.25 profit. When you win, you double (2x) your money from 0.25 to 0.50 - a profit of 1x your money.

Get it?

Or the short version:

You have 10 BTC. You bet 1 before you flip. Now you have 9 BTC. You win! You get 2 BTC back -> You now have 11 BTC.

BEEP BEP
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May 29, 2013, 10:03:42 PM
 #649

This is a really enjoyable site! Is it not vulnerable to double spending though?

We have several systems in place to prevent double spends  Smiley.
But if I were to put a transaction of 0.3BTC from an address with only 0.35BTC in it and then gambled them away and lost them I could surely send them to myself with a high transaction fee to try and get that confirmed instead of the transaction to you provided the transaction to the PrimeDice wallet hadn't been confirmed once I'd lost my coins. Then I could try again and might have better luck next time.

Hopefully this isn't a problem because I love the way you can send it and they are in your account right away to start rolling! So much better than SD since you have to wait for the blocks to be confirmed.

Great site! Keep up the hard work and I'll keep squandering my money! It's all good fun though.

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Stunna
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May 30, 2013, 12:18:22 AM
 #650

my deposited balance has been paid out shortly after the downtime. Not quite sure but I think it's even been rounded up a bit Smiley thx

-edit- and dice are blistering fast now Smiley

Glad to hear that got sorted and everything is running smoothly!


Quote from: Bigbitz
Stunna did you read my posts? Was I just being a thick head?  Grin

Above posts should solve your question, easy to get confused with this sort of stuff  Smiley


The core updates we're trying to push out today are
-Client seed changer
-Updating tables to refresh automatically


Updates for near future:
-Overhaul of stats page
-Mobile version

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Zaih
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May 30, 2013, 06:02:24 AM
 #651

my deposited balance has been paid out shortly after the downtime. Not quite sure but I think it's even been rounded up a bit Smiley thx

-edit- and dice are blistering fast now Smiley

Glad to hear that got sorted and everything is running smoothly!


Quote from: Bigbitz
Stunna did you read my posts? Was I just being a thick head?  Grin

Above posts should solve your question, easy to get confused with this sort of stuff  Smiley


The core updates we're trying to push out today are
-Client seed changer
-Updating tables to refresh automatically


Updates for near future:
-Overhaul of stats page
-Mobile version


When's affiliate program going to be released?
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May 30, 2013, 07:01:10 AM
 #652

Yeah I guessIwas being a retard! Doh!!

Tips BTC --> 1BS2sYvy3T1cpNhie6CVFMcUrHa84a8mPa <-- Thanks! || Tips [LTC] --> LaytYJNCha7z7zcws5a2o2GWWjvWfDCGkr <--
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May 30, 2013, 08:03:10 AM
 #653

When viewing anyone's bet history the balance is currently ~109BTC coming from this url http://primedice.com/ticker_balance.php?addr= is that the current balance of PrimeDice itself and shouldn't there be an address there to actually see the balance of the user we are viewing?

Additionally my personal history page shows no "Account ID", no bets and with 0 wins - 0.0001 losses, not sure how I can lose but not be a full loss Wink
http://i.imgur.com/PFQzpsM.jpg

Clicking "Your Stats" -> "Logs of all your bets"  leads to the blank page above  at http://primedice.com/bets.php?user=bitspill&limit=200

{ BitSpill }
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May 30, 2013, 08:17:47 AM
 #654

Oh wow, this game is amazing.

Get off my c@ck !
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May 30, 2013, 08:20:09 AM
 #655

I just won so many Bitcoins.  Is this game fair to the casino owner?

Get off my c@ck !
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May 30, 2013, 08:21:51 AM
 #656

I just won so many Bitcoins.  Is this game fair to the casino owner?

I assume your the guy who just cashed out 3 coins? Tongue

The guy who runs this has lost lots more than that haha, and yeh heaps of people ask the same question. But I think it's safe to say Stunna has made heaps of his initial losses back, so I guess it is ;p
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May 30, 2013, 08:28:16 AM
 #657

I just won so many Bitcoins.  Is this game fair to the casino owner?

I assume your the guy who just cashed out 3 coins? Tongue

The guy who runs this has lost lots more than that haha, and yeh heaps of people ask the same question. But I think it's safe to say Stunna has made heaps of his initial losses back, so I guess it is ;p

Did this one have -1% house edge or 1% player edge by mistake maybe?

Get off my c@ck !
Zaih
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May 30, 2013, 08:34:37 AM
 #658

I just won so many Bitcoins.  Is this game fair to the casino owner?

I assume your the guy who just cashed out 3 coins? Tongue

The guy who runs this has lost lots more than that haha, and yeh heaps of people ask the same question. But I think it's safe to say Stunna has made heaps of his initial losses back, so I guess it is ;p

Did this one have -1% house edge or 1% player edge by mistake maybe?

Nop, you can do the math on the payouts Tongue And the rolls all use sha512 which makes it pretty much perfectly random
Stunna
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May 30, 2013, 08:35:52 AM
 #659

When viewing anyone's bet history the balance is currently ~109BTC coming from this url http://primedice.com/ticker_balance.php?addr= is that the current balance of PrimeDice itself and shouldn't there be an address there to actually see the balance of the user we are viewing?

Additionally my personal history page shows no "Account ID", no bets and with 0 wins - 0.0001 losses, not sure how I can lose but not be a full loss Wink
http://i.imgur.com/PFQzpsM.jpg

Clicking "Your Stats" -> "Logs of all your bets"  leads to the blank page above  at http://primedice.com/bets.php?user=bitspill&limit=200

Aware of these issues, we're working to fix them  Smiley

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toddtervy
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May 30, 2013, 08:37:11 AM
 #660

When viewing anyone's bet history the balance is currently ~109BTC coming from this url http://primedice.com/ticker_balance.php?addr= is that the current balance of PrimeDice itself and shouldn't there be an address there to actually see the balance of the user we are viewing?

Additionally my personal history page shows no "Account ID", no bets and with 0 wins - 0.0001 losses, not sure how I can lose but not be a full loss Wink
http://i.imgur.com/PFQzpsM.jpg

Clicking "Your Stats" -> "Logs of all your bets"  leads to the blank page above  at http://primedice.com/bets.php?user=bitspill&limit=200

Aware of these issues, we're working to fix them  Smiley

Keep up the great work.   Smiley  Best gambling site I've seen.

Get off my c@ck !
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