bustadice – Next Generation Dice

[JollyGood]

These are astronomical amounts of money, both what you bet and what you won. Congratulations on your winnings and for keeping in surplus rather than be at a loss.

Just summing up profits of all the alt accounts on Bustadice, it's around 159B.
I lost around 50B on Bustabit before. So the net profit is around 100B.

[mersal]

That is an amazing profits, well I wish him all the best in future bets, I guest persistent and smart gaming skills made this huge winning possible. I wish I could learn some of his techniques.

Without wanting to destroy your view of the world, there are no special gambling skills that you have to learn in order to achieve correspondingly high profits. As a player, you have a certain chance of winning that is always lower than that of the casino (the so-called house edge).

If you achieve very high multipliers at bustadice, for example, this has nothing to do with the fact that you are particularly good at the game, but you are simply lucky. The more games you play, the higher the probability that you will get such a lucky punch once. Here, of course, scripting options, such as those offered by Bustadice, help a lot. However, you should not forget that you lose a lot of money on the way.

So in the end it comes down to pure statistical probabilities.

And also Bustadice allows user to win high amount as limit so we can see more whales are playing often than other platforms and you are right though, there is no strategy involved while playing dice, just keep the roll button again and again until you feel you won enough amount of money.

[hopenotlate]

-snip-
And also Bustadice allows user to win high amount as limit so we can see more whales are playing often than other platforms and you are right though, there is no strategy involved while playing dice, just keep the roll button again and again until you feel you won enough amount of money.

Well putting it in this way seems way too easy while most of gamblers are in loss ( and believe I know this very well  )....lets add the final part : " or until you feel you cannot afford to lose more".

[acquafredda]

That is an amazing profits, well I wish him all the best in future bets, I guest persistent and smart gaming skills made this huge winning possible. I wish I could learn some of his techniques.

If you achieve very high multipliers at bustadice, for example, this has nothing to do with the fact that you are particularly good at the game, but you are simply lucky. The more games you play, the higher the probability that you will get such a lucky punch once. Here, of course, scripting options, such as those offered by Bustadice, help a lot. However, you should not forget that you lose a lot of money on the way.
So in the end it comes down to pure statistical probabilities.

Or to put it differently, the more games you play the higher the probability that you will get a single bad streak that ruins an overall good path of winning streaks (where the user tends to believe the strategy works).
In the end, the house wins and the bankroll is the only source of reference for that.

[sana54210]

That is an amazing profits, well I wish him all the best in future bets, I guest persistent and smart gaming skills made this huge winning possible. I wish I could learn some of his techniques.

Without wanting to destroy your view of the world, there are no special gambling skills that you have to learn in order to achieve correspondingly high profits. As a player, you have a certain chance of winning that is always lower than that of the casino (the so-called house edge).

If you achieve very high multipliers at bustadice, for example, this has nothing to do with the fact that you are particularly good at the game, but you are simply lucky. The more games you play, the higher the probability that you will get such a lucky punch once. Here, of course, scripting options, such as those offered by Bustadice, help a lot. However, you should not forget that you lose a lot of money on the way.

So in the end it comes down to pure statistical probabilities.

You are both very right, but tiny bit wrong, mostly right though so this is not a message about how you are wrong, almost everything you said is right. However there are some strategies that can "postpone" that loss, and during that postpone stage you could have a lucky situation better. For example, if you gamble once, all-in, with 50% chance, to double your money that means that you could win and get lucky or you could lose and it's over, that is pure luck right?

Well, there are techniques that would allow you to gamble 1000 times with right bankroll management and so forth, which would mean that you would not go all-in but if you get lucky there are many chances for you to get lucky, that is why there are some small changes that could help you, not all the time but here and there could help you. However even with that it is still based on luck, so you are definitely right.

[Lakai01]

Or to put it differently, the more games you play the higher the probability that you will get a single bad streak that ruins an overall good path of winning streaks (where the user tends to believe the strategy works).
In the end, the house wins and the bankroll is the only source of reference for that.

That's right, of course, it can happen in exactly the same way. In the end, it always boils down to the fact that the casino will win by the amount of the house edge and any "strategy" or "technique", no matter how good, has a chance against it.

Along the way, any deviation from the probability of winning is pure luck - or pure bad luck.

[GamblingSiteFinder]

Just summing up profits of all the alt accounts on Bustadice, it's around 159B.
I lost around 50B on Bustabit before. So the net profit is around 100B.

Absolutely insane winnings, D217! Congrats!

[acquafredda]

Or to put it differently, the more games you play the higher the probability that you will get a single bad streak that ruins an overall good path of winning streaks (where the user tends to believe the strategy works).
In the end, the house wins and the bankroll is the only source of reference for that.

That's right, of course, it can happen in exactly the same way. In the end, it always boils down to the fact that the casino will win by the amount of the house edge and any "strategy" or "technique", no matter how good, has a chance against it.

Along the way, any deviation from the probability of winning is pure luck - or pure bad luck.

There is a reason why a platform like bustadice has a massive bankroll and quite good profits for their investors and that specific reason is bound to what you just said above. If one looks at the leader-board there are quite a few names who were able to beat the house but zooming out and look for the site profit the story changes.
I have always claimed that this platform has by far the most interesting implementations for a gambling platform (dilution fees to protect investors, max profit bet exactly calculated...) even though I quite do not like the fact that is not a proper dice game.

[Lakai01]

I have always claimed that this platform has by far the most interesting implementations for a gambling platform (dilution fees to protect investors, max profit bet exactly calculated...) even though I quite do not like the fact that is not a proper dice game.

Bustadice, in my opinion, has focused quite heavily on players who want to play thousands of games in as short a time as possible. That's why, for example, there is native script support, which is hard to find at other casinos.
Someone who only wants to play for 5 minutes for entertainment is more likely to look for a casino with slots etc. where a lot of emphasis is placed on the presentation (graphics, sounds, ...). But that is certainly not the target group here
Especially for the heavy players Bustadice is certainly the most interesting platform and has the most interesting implementations featuring these type of players, that is true.

[Karartma1]

I wanted to share my latest experience with bustadice with everyone here. I played for about a week and I liked it; I got a small but decent profit and tested a withdrawal that was sent, like advertised, within 24 hours. I wasn't able to do any scripting but betting manually with hotkeys is fast.
I may come back as an investor as I trust RHavar a lot. The guy doubled a donation to a charity I made long ago.
 

[rdbase]

I wanted to share my latest experience with bustadice with everyone here. I played for about a week and I liked it; I got a small but decent profit and tested a withdrawal that was sent, like advertised, within 24 hours. I wasn't able to do any scripting but betting manually with hotkeys is fast.
I may come back as an investor as I trust RHavar a lot. The guy doubled a donation to a charity I made long ago.
 

It is no longer rhavar who runs the site as he sold it quite a while ago to devans if I am not mistaken.
I was still using their previous site bustabit when rhavar was still the owner and talked to him on his chat room several times. A very down to earth and good guy to have a conversation with and remember his rock-paper-scissors game he had for 5btc one time with someone who busted that much in a matter of seconds using the site.
The bustadice site doesn't have this much activity as bustabit did in this area but has a few active people on there last time I was on.

[sunsilk]

I wanted to share my latest experience with bustadice with everyone here. I played for about a week and I liked it; I got a small but decent profit and tested a withdrawal that was sent, like advertised, within 24 hours. I wasn't able to do any scripting but betting manually with hotkeys is fast.
I may come back as an investor as I trust RHavar a lot. The guy doubled a donation to a charity I made long ago.
 

I am glad that you had a good experience playing at bustadice for a week and enjoyed it.

Good luck and keep on dicing as you become an investor soon.

[Karartma1]

RHavar should be one of the site's co-owners so that is fine by me. Daniel, who is the one that runs it now, is also somebody that can be trusted.
I wanted to give it a go as I saw their bankroll is nice.
One question popped to my mind: they talk about a special withdrawal system to enhance privacy:

We use a sophisticated coin selection algorithm tailored to bustadice when handling payments in order to offer our players and investors industry-leading privacy. Not everyone needs to know you're gambling!

Can somebody explain?

[mersal]

One question popped to my mind: they talk about a special withdrawal system to enhance privacy:

We use a sophisticated coin selection algorithm tailored to bustadice when handling payments in order to offer our players and investors industry-leading privacy. Not everyone needs to know you're gambling!

Can somebody explain?

I don't find much details about this in the FAQ section but as far as I know Bustadice is not paying the users from the same wallet all the time, they keep multiple cold storage wallets so each time you request for a withdrawal the transaction comes from different addresses which is what the quote is mentioning.

[Beparanf]

One question popped to my mind: they talk about a special withdrawal system to enhance privacy:

We use a sophisticated coin selection algorithm tailored to bustadice when handling payments in order to offer our players and investors industry-leading privacy. Not everyone needs to know you're gambling!

Can somebody explain?

I don't find much details about this in the FAQ section but as far as I know Bustadice is not paying the users from the same wallet all the time, they keep multiple cold storage wallets so each time you request for a withdrawal the transaction comes from different addresses which is what the quote is mentioning.

Most of the casino do have multiple hot wallet but only single cold storage wallet. They refill the hot wallet once it was depleted. They do this to limit the risk of losing tons of money once hacker breach there security and successfully withdraw there funds. As per the faqs statement, I'm sure that they use some kind of mixer algorithm on there wallet for privacy purposes of user.

[malevolent]

RHavar should be one of the site's co-owners so that is fine by me. Daniel, who is the one that runs it now, is also somebody that can be trusted.
I wanted to give it a go as I saw their bankroll is nice.

Both sites are owned and ran by devans exlusively.

One question popped to my mind: they talk about a special withdrawal system to enhance privacy:

We use a sophisticated coin selection algorithm tailored to bustadice when handling payments in order to offer our players and investors industry-leading privacy. Not everyone needs to know you're gambling!

Can somebody explain?

It may have changed but I'm guessing it's something similar to this (I assume bustadice uses the same coin selection algorithm because why not, or at least one slightly modified to account for a smaller user base):

I don't recommend violating anyones terms of use -- but speaking purely about bustabit privacy features:  Bustabit's uses a custom coin selection for deposits/withdrawals that makes it considerably harder for anyone to know if you're using bustaibit or not. It's not fantastic, but it's decent.

In the next release though, it's going to get pretty damn good.   Our new algorithm (that has like >1 month of development time put into it, and uses a full on cutting edge constraint optimizer) will make it very hard for anyone to distinguish a bustabit address from any other. (although there's still a bit of things I need to figure out, like sending transactions over tor incase there's a spy node recording that I'm the probable origin of the transaction)

[TheThoughts]

Yes, anyone who played Bustadice can see that it is a screenshot of tipping history.
You can see the ID (TTPOL) on the top right and also it shows how I manage bankroll.
I regularly tip the earnings to the account STOREPOL.
At the moment, I am playing with two accounts: jspol and gmpol.

Be careful not to dox yourself, D217!

I'd suggest regularly moving funds off Bustadice from your alt accounts and into a secure wallet.

Realistically though, what's someone gonna do with his Dox. I doubt he much cares/has to worry about people finding out who he is, or am I wrong?

[Karartma1]

RHavar should be one of the site's co-owners so that is fine by me. Daniel, who is the one that runs it now, is also somebody that can be trusted.
I wanted to give it a go as I saw their bankroll is nice.

Both sites are owned and ran by devans exlusively.

One question popped to my mind: they talk about a special withdrawal system to enhance privacy:

We use a sophisticated coin selection algorithm tailored to bustadice when handling payments in order to offer our players and investors industry-leading privacy. Not everyone needs to know you're gambling!

Can somebody explain?

It may have changed but I'm guessing it's something similar to this (I assume bustadice uses the same coin selection algorithm because why not, or at least one slightly modified to account for a smaller user base):

I don't recommend violating anyones terms of use -- but speaking purely about bustabit privacy features:  Bustabit's uses a custom coin selection for deposits/withdrawals that makes it considerably harder for anyone to know if you're using bustaibit or not. It's not fantastic, but it's decent.

In the next release though, it's going to get pretty damn good.   Our new algorithm (that has like >1 month of development time put into it, and uses a full on cutting edge constraint optimizer) will make it very hard for anyone to distinguish a bustabit address from any other. (although there's still a bit of things I need to figure out, like sending transactions over tor incase there's a spy node recording that I'm the probable origin of the transaction)

Great, thanks for the clarifications you gave me. Regarding the privacy subject I wonder whether something has changed since 2017 or not, hopefully yes. As a player I like the fact that I can deposit on several addresses. It makes my experience there much easier.

[hopenotlate]

Yes, anyone who played Bustadice can see that it is a screenshot of tipping history.
You can see the ID (TTPOL) on the top right and also it shows how I manage bankroll.
I regularly tip the earnings to the account STOREPOL.
At the moment, I am playing with two accounts: jspol and gmpol.

Be careful not to dox yourself, D217!

I'd suggest regularly moving funds off Bustadice from your alt accounts and into a secure wallet.

Realistically though, what's someone gonna do with his Dox. I doubt he much cares/has to worry about people finding out who he is, or am I wrong?

You are really wrong imo : random stranger on the internet knowing you own a s**load of BTC worth millions of dollar is not going to end well.
The least it can happens is you will be targeted by hackers trying to get into your devices and steal your Btc; worst scenario will be face-to-face approach and physical security threats, if not life, in exchange for revealing your private keys. And in the middle between these two extremes...well just unleash your imagination.

[sunsilk]

But its not possible to find the details of that user from bitcointalk as well as bustadice, probably he may receive PMs from the people who want to target them but it can be ignored as shit as well if the user know how to deal the privacy related things.

Points are valid but yeah, just ignore any of those if it happen that they'll follow you in other of your social media or forum accounts. But anyway, as I look at the high rollers, there's this guy jspol that's doing it.

You may check his wins at the high rollers tab, congrats man if ever you're here.