Just-Dice.com : now with added CLAMs : Play or Invest

[Financisto]

(...) All investments received go instantly to the site's bankroll and increase the maximum bet size offered to players. (...)

Hello Dooglus!

Very nice announcement!

The investment feature seems to be a nice deal, just as being an Casino shareholder.  

Nevertheless I'd like to know a bit about security:

1) Is 100% of the amount invested always online (hot)?

2) Is some of the % invested secured in cold storage (away from server(s))?

You know, nowadays hackers do everything in order to steal BTC in hot storage.  

Keep up the good work!

Cheers!

[gillespies]

very nice site

id #86, thanks

[Herbert]

Hah, just found this thread after sending you a PM Hint: The link to the forum thread in the FAQ is still pointing nowhere

I totally love the invest feature. This will be huge!

=> #84

[Vink]

Very unique.

[vlees]

90

[dooglus]

The investment feature seems to be a nice deal, just as being an Casino shareholder.  

It's a little stressful watching the balance go up and down as people bet.  One guy was around 40 BTC up and looking like he just couldn't lose.  Until:

  https://just-dice.com/roll/14297

Nevertheless I'd like to know a bit about security:

1) Is 100% of the amount invested always online (hot)?

2) Is some of the % invested secured in cold storage (away from server(s))?

Most of the coins are safely offline.  It's hard to know how many to keep available for withdrawal, but I'm erring on the side of caution.  Big winners will no doubt be understanding if it takes a while for me to wake up and refill the hot wallet so they can withdraw.

There's an email address at the bottom of the FAQ page which you can use to arrange a withdrawal ahead of time if it's going to be large.

[dooglus]

Hah, just found this thread after sending you a PM Hint: The link to the forum thread in the FAQ is still pointing nowhere

I totally love the invest feature. This will be huge!

=> #84

Credited 84, 86, and 90:

19 2013-06-20 08:41:25 (1) manually crediting user 86 with amount 0.01   gillespies
20 2013-06-20 08:42:23 (1) manually crediting user 84 with amount 0.01   Herbert
21 2013-06-20 08:43:05 (1) manually crediting user 90 with amount 0.01   vlees

The forum thread link is fixed now, thanks.

[Financisto]

It's a little stressful watching the balance go up and down as people bet.  One guy was around 40 BTC up and looking like he just couldn't lose.  Until:

  https://just-dice.com/roll/14297

The short term is ignorable because "The Law of Large Numbers" shall do all the work in the long run...  

Most of the coins are safely offline.  It's hard to know how many to keep available for withdrawal, but I'm erring on the side of caution.  Big winners will no doubt be understanding if it takes a while for me to wake up and refill the hot wallet so they can withdraw.

There's an email address at the bottom of the FAQ page which you can use to arrange a withdrawal ahead of time if it's going to be large.

I'm glad you are a cautious guy! 

BTW, there'd be some equation in order to find the relation of money to be available online.

I guess you will get that relation in the next weeks by calculating some gambler's winning averages.

[medinscot]

ID=117

can't wait to try your site 

[Dougie]

Seems like a great idea dooglus.

User id 118.

P.S. I've always admired your name! 

[vlees]

For people eager to lose their money (and stress-test this site):

Code:

var i = 0;

var initialBet = 0.00000005;
var nextBet = initialBet;
var round = 1;

var table = {};
function bet(round) {
	if (round <= 1)
		return {total:initialBet, bet:initialBet};
	if (table[round])
		return table[round];
	var start = 0;
	var previous = bet(round-1);
	var newBet = initialBet;
	while (-previous.total + 1.97*newBet < initialBet) {
		newBet += initialBet;
	}
	table[round] = {total:previous.total + newBet, bet: newBet};
	return table[round];
}

function startRound() {
	i++;
	if (i <= 5000) {
		console.log(i);
		roll();
	}
}

function roll() {
	var hi_lo = Math.round(Math.random());
	if (hi_lo == 0)
		hi_lo = 'hi';
	else
		hi_lo = 'lo';
	socket.emit("bet", {
		chance: "33.3333",
		bet: nextBet.toFixed(8),
		which: hi_lo
	});
}

socket.on("wins", function (data) {
	nextBet = initialBet;
	round = 1;
	startRound();
});
socket.on("losses", function (data) {
	nextBet = bet(++round);
	nextBet = nextBet.bet;
	roll();
});
socket.on("jderror", function (data) {
	roll();
});

[sootedtho]

user id 121

tyty

good lookin site.

[Welsh]

Going to look at this site.

Here is my id: 122.

[dillpicklechips]

Looks cool! User 29! 

[dooglus]

The short term is ignorable because "The Law of Large Numbers" shall do all the work in the long run...  

True, if the 'random' numbers are random enough.  If someone figures out that you never get more than 3 in a row over 90% then they win...

I ran a simulation, generating a sequence of numbers using the algorithm from the site with random client and server seeds, and counted the number of the different length losing roll sequences:

 346119 1
  34630 2
   3491 3
    368 4
     48 5
      3 6

Each length is 10 times rarer than the previous length, which means each length is 9 times rarer than all longer lengths, which is what we would expect.

[dooglus]

For people eager to lose their money (and stress-test this site):

Code:

socket.on("error", function (data) {

Turns out 'error' is used by the system.  It will change to 'jderror' in the next update.

I'll add an API real soon now so that this kind of brittle Javascript hack won't be necessary.

[dooglus]

Looks cool! User 29! 

22 2013-06-20 10:30:57 (1) manually crediting user 117 with amount 0.01   medinscot
23 2013-06-20 10:31:41 (1) manually crediting user 118 with amount 0.01   Dougie
24 2013-06-20 10:34:56 (1) manually crediting user 121 with amount 0.01   sootedtho
25 2013-06-20 10:35:26 (1) manually crediting user 122 with amount 0.01   Welsh
26 2013-06-20 10:35:57 (1) manually crediting user 29 with amount 0.01   dillpicklechips

[royston]

seems the house is doing well at the moment (up 67+). wish I have the money to invest.

user 127 please

[dillpicklechips]

Looks cool! User 29! 

22 2013-06-20 10:30:57 (1) manually crediting user 117 with amount 0.01   medinscot
23 2013-06-20 10:31:41 (1) manually crediting user 118 with amount 0.01   Dougie
24 2013-06-20 10:34:56 (1) manually crediting user 121 with amount 0.01   sootedtho
25 2013-06-20 10:35:26 (1) manually crediting user 122 with amount 0.01   Welsh
26 2013-06-20 10:35:57 (1) manually crediting user 29 with amount 0.01   dillpicklechips

Thanks. And all money lost and donated back to you! LOL. I suck at gambling.

[dooglus]

seems the house is doing well at the moment (up 67+). wish I have the money to invest.

user 127 please

User 127, free bitcent number 27, and 27 is my favourite number too.

I have a good feeling about this one...

Edit: also my post number 3227.

You can't lose!  Or I can't.  Not sure.