Primedice.com | Since 2013 | Longest Running Crypto Casino | 113 BTC Jackpot!

[dooglus]

Am I being stupid here....

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

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?

[1714995495]

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[1714995495]

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[1714995495]

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[vlees]

Am I being stupid here....

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

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.

[Dougie]

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

We have several systems in place to prevent double spends  .

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.

[Stunna]

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 thx

-edit- and dice are blistering fast now

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

Stunna did you read my posts? Was I just being a thick head?  

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


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

[Zaih]

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 thx

-edit- and dice are blistering fast now

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

Stunna did you read my posts? Was I just being a thick head?  

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


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?

[BigBitz]

Yeah I guessIwas being a retard! Doh!!

[bitspill]

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
https://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

[toddtervy]

Oh wow, this game is amazing.

[toddtervy]

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

[Zaih]

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?

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

[toddtervy]

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?

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?

[Zaih]

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?

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 And the rolls all use sha512 which makes it pretty much perfectly random

[Stunna]

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
https://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 

[toddtervy]

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
https://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  

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

[toddtervy]

Thinking of calling it a day. Stunna, do you have enough on hand to issue the cashout now? If not, it's alright. I can give you some time to pay. Also would you prefer to manual cashout.



@Zaih, yeh, I used to play Satoshidice a little too much.. I never had as good luck there as here. The house edge here is much better lol

Wow this guy won good amount.

[Zaih]

Thinking of calling it a day. Stunna, do you have enough on hand to issue the cashout now? If not, it's alright. I can give you some time to pay. Also would you prefer to manual cashout.



@Zaih, yeh, I used to play Satoshidice a little too much.. I never had as good luck there as here. The house edge here is much better lol

Wow this guy won good amount.

Yeh that guy won it on the first day (Actually ended up cashing out 200 coins lol) & I haven't seen him since. I'd laugh if he lost all his winnings to SatoshiDice or something lol

[BigBitz]

won a few bitcoin this morning... then lost some...

great game.

Between this and coinroll.it 

[Zaih]

won a few bitcoin this morning... then lost some...

great game.

Between this and coinroll.it 

The trick is to leave moment your up I'm 4 days clean with a profit, heh

And nice job with the SSL certificate. I barely know what it does, but it makes ya look a lot more professional & safe

[toddtervy]

Thinking of calling it a day. Stunna, do you have enough on hand to issue the cashout now? If not, it's alright. I can give you some time to pay. Also would you prefer to manual cashout.



@Zaih, yeh, I used to play Satoshidice a little too much.. I never had as good luck there as here. The house edge here is much better lol

Wow this guy won good amount.

Yeh that guy won it on the first day (Actually ended up cashing out 200 coins lol) & I haven't seen him since. I'd laugh if he lost all his winnings to SatoshiDice or something lol

That would suck.

[toddtervy]

won a few bitcoin this morning... then lost some...

great game.

Between this and coinroll.it  

Sometimes I try to win just a small amount more Bitcoin, which is pretty easy.  Can't triple up every time.