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[vladh]

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[Birdy]

Another one of those...

House edge is (first number is number of buys of the bounty):
1st   80%
2st   34%
3st   19,47%
4st   12,77%
5st   9,15%
6st   7,02%
7st   5,72%
8st   4,89%
9st   4,36%
10st   4,01%
11st   3,78%
12st   3,63%
13st   3,53%
14st   3,47%
15st   3,42%
16st   3,39%
17st   3,37%

[arahb]

how to play ?

[jezzyjensen]

I did a couple of low "bets" on the BTC Bounty which paid off (less than 1 BTC) - money was transferred straight away, so I'm happy.

But looking at the LTC Bounty - currently 169 LTC - I fear that the current owner will be lucky to get rid.

Can we not have FTC included? I have a few thousand that are looking to be frittered away! 

[Alexander The Great]

cool idea I wish you the best of luck

[jezzyjensen]

I did a couple of low "bets" on the BTC Bounty which paid off (less than 1 BTC) - money was transferred straight away, so I'm happy.

But looking at the LTC Bounty - currently 169 LTC - I fear that the current owner will be lucky to get rid.

Can we not have FTC included? I have a few thousand that are looking to be frittered away! 

Glad you like the site!

No FTC just yet, we're waiting for the network to stabilise.

Well I lost a bit on BTC today, but have had a couple of small wins previously and another small win just now.

So I can't complain! :-)

[bongwater]

I dont believe its 90% chance because I LOST ON THE FIRST TRY.

[exogan]

cool idea I wish you the best of luck

You're awesome! Thanks!

[acne]

Hi guys,

I'm here to tell you about CryptoBounty, a brand new gambling service. It's similar to the popular King of the Hill game in casinos. Basically, you buy the bounty, wait for someone to buy it back from you, and win the profit plus your initial deposit.

FAQs

Is CryptoBounty profitable?
Yes! Over 90% of the people who have played on the site have won!

What if nobody buys my bounty?
CryptoBounty is getting increasingly popular, so profitability rates are soaring. However, the best way to make sure that your bounty is bought and you make money is to tell everyone that you bought the bounty! Worst case scenario: you get a consolation prize of 20%.

Is this a pyramid scheme?
No. CryptoBounty does have a pyramidal structure, but is no more a pyramid scheme than any regular casino game.

Our support team welcomes any questions you may have. Thanks, hope to see you on the site!

profitable for you? maybe. profitable for the gambler?  No way.

[CryptoBadger]

FAQs

Is CryptoBounty profitable?
Yes! Over 90% of the people who have played on the site have won!

What if nobody buys my bounty?
CryptoBounty is getting increasingly popular, so profitability rates are soaring. However, the best way to make sure that your bounty is bought and you make money is to tell everyone that you bought the bounty! Worst case scenario: you get a consolation prize of 20%.

Is this a pyramid scheme?
No. CryptoBounty does have a pyramidal structure, but is no more a pyramid scheme than any regular casino game.

Our support team welcomes any questions you may have. Thanks, hope to see you on the site!

Interesting idea, but you should really be a little bit more careful in your FAQ. Just because you put an answer in there does not make it true.

Your answer to the first question obviously can't be true. Everyone who plays over the long term will lose. Claiming that it's "profitable" is like saying that because you might win any particular pull of a slot machine, that gambling is profitable. Or claiming that the Martingale strategy in gambling is profitable because you win the majority of your sessions (it's just that the times you lose are huge in comparison to your much smaller winners).

And the site fits the definition of a pyramid scheme pretty much exactly: it's not sustainable, and the people at the bottom are essentially feeding money to those at the top in the hopes of collecting money from future participants below them. Casino games do not operate under this model and are simple games of chance (albeit with a house edge, obviously).

[acne]

Can you publish source code so we can know its 90% odds to win

[bitcoin carpenter]

.... bitcoin a world of card games

[Birdy]

Can you publish source code so we can know its 90% odds to win

90% win is obviously false, the chance to win depends on how many people play this gamble (and are paying high sums).
Why did I bother to calculate house edge, if everbody seems to ignore it :/
Even if it's bought 17 times, the house edge is still over 3%, while Satoshi Dice is always 2%.
If it's bought 5 times or less, the house edge is terrible high.

Or let me translate my house edge calculations: It's a bad idea to play this game.

[Ron Paul]

Hi guys,

I'm here to tell you about CryptoBounty, a brand new gambling service. It's similar to the popular King of the Hill game in casinos. Basically, you buy the bounty, wait for someone to buy it back from you, and win the profit plus your initial deposit.

FAQs

Is CryptoBounty profitable?
Yes! Over 90% of the people who have played on the site have won!

What if nobody buys my bounty?
CryptoBounty is getting increasingly popular, so profitability rates are soaring. However, the best way to make sure that your bounty is bought and you make money is to tell everyone that you bought the bounty! Worst case scenario: you get a consolation prize of 20%.

Is this a pyramid scheme?
No. CryptoBounty does have a pyramidal structure, but is no more a pyramid scheme than any regular casino game.

Our support team welcomes any questions you may have. Thanks, hope to see you on the site!

i tried it and I lost first try WTF??

[jezzyjensen]

The odds have suddenly changed from 20% consolation

today - it says a consolation prize of UP TO 10%

Kinda just chucked in there

No warning, no explanation or what "UP TO" means

So, 1%, 2%, 3%, 4% ....?

[jezzyjensen]

Firefox is so crap -

I checked in Chrome and when you hover over the "consolation prize up to 10%" it says:

"consolation is equal to the increase rate minus the interest rate"

I don't quite understand what that means in real terms - can it broken down for people like me?

I did a Google Cache and it shows the consolation prize as 20% this morning!

 

[godkas]

Dunno what you guys are talking about but I've been playing a few weeks and have made about 5 BTC so obviously you are doing it wrong. Stop trolling people away from the site just because you lost a round. Boohoo my puppy cries ultimate tears of sadness for your lost coin.

On a side note, I used my winnings to buy myself a Xoom so suck it.


BTW it's called "gambling" for a reason. Sometimes you lose.

[towtoad]

The fact that this is posted in the newbie section makes me immediately not trust it. Why not spend some time building a reputation and then post it in one of the regular forums? Anytime a new user comes in and says, "hey, give me money", it's hard not to assume that it's a scam.

[towtoad]

Dunno what you guys are talking about but I've been playing a few weeks and have made about 5 BTC so obviously you are doing it wrong. Stop trolling people away from the site just because you lost a round. Boohoo my puppy cries ultimate tears of sadness for your lost coin.

On a side note, I used my winnings to buy myself a Xoom so suck it.


BTW it's called "gambling" for a reason. Sometimes you lose.

Sockpuppet of OP?

[godkas]

I'll sock your puppet.... Of course not nerd. Whys everything gotta be a conspiracy with you people. grow up.. you probably arent old enough to gamble anyway..