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Author Topic: Just-Dice.com : Invest in 1% House Edge Dice Game  (Read 433258 times)
Otoh
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July 29, 2013, 11:26:32 PM
 #1261

+1 (%) it's not broken, let's not mess with it.

As the house bankroll, turnover/total bet & outside competition increases then maybe the edge can/will drop, that's all I see as likely/for the best & I'm not even sure about that being a good idea, I feel probably not.

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July 29, 2013, 11:40:34 PM
 #1262

Players are asking for a promotion for the 40 millionth bet.

I made an address (15eUfpGRrwURexYfaLgyBhUuvAdzcKNeiE) to collect donations from investors for the prize money.  We have 3 donations of 0.1 BTC each so far.

Bets of 0.0001 BTC and up qualify.  The one closest to 40m gets the pot.

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July 30, 2013, 02:29:05 AM
 #1263

Players are asking for a promotion for the 40 millionth bet.

I made an address (15eUfpGRrwURexYfaLgyBhUuvAdzcKNeiE) to collect donations from investors for the prize money.  We have 3 donations of 0.1 BTC each so far.

Bets of 0.0001 BTC and up qualify.  The one closest to 40m gets the pot.

Shouldn't the promotions be set up in such a way as to incentivize more betting? 40th million bet is pretty predictable, so players will probably save their bets until it gets close.

What about a promotion that if someone gets 2x wins @ 3% (minimum 0.1BTC bet) odds in a row, they win the "bonus"? Could help raise the house profits back up. Unless we get mega-unlucky again.
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July 30, 2013, 04:06:40 AM
 #1264

I just received an email from someone telling me they bought a new phone and so lost access to google auth, and so can't log in.

They want me to reset their google auth so they can log in again.

This seems wrong to me.  If I reset google auth on demand, what's the point of even offering it?

So please, make sure you have a backup of your google auth secret, in case you ever buy a new phone and so lose access.  If you already have google auth enabled on your account but don't have a backup of the secret, please PM me and I'll temporarily disable it so you can make a backup.

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July 30, 2013, 04:39:39 AM
 #1265

I just received an email from someone telling me they bought a new phone and so lost access to google auth, and so can't log in.

They want me to reset their google auth so they can log in again.

This seems wrong to me.  If I reset google auth on demand, what's the point of even offering it?

So please, make sure you have a backup of your google auth secret, in case you ever buy a new phone and so lose access.  If you already have google auth enabled on your account but don't have a backup of the secret, please PM me and I'll temporarily disable it so you can make a backup.
Seems like a good solution would be to have them send you a verified message from a bitcoin address where they had previous sent a large deposit.  If they have an email registered with the account, sending an email from that account would seem like another good idea to verify identity.
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July 30, 2013, 04:41:19 AM
 #1266

Then people will ask you to temporarily disable 2FA while they "make a backup"  Cheesy
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July 30, 2013, 04:54:54 AM
 #1267

Seems like a good solution would be to have them send you a verified message from a bitcoin address where they had previous sent a large deposit.  If they have an email registered with the account, sending an email from that account would seem like another good idea to verify identity.

Both of those things are things an attacker could fake having installed a keylogger on the victim's machine.  The purpose of 2FA is to be something that the attacker can't fake.

Then people will ask you to temporarily disable 2FA while they "make a backup"  Cheesy

That's fine, so long as they can provide a valid 6 digit code before I do so.

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July 30, 2013, 06:05:08 AM
 #1268

I just received an email from someone telling me they bought a new phone and so lost access to google auth, and so can't log in.

They want me to reset their google auth so they can log in again.

This seems wrong to me.  If I reset google auth on demand, what's the point of even offering it?

So please, make sure you have a backup of your google auth secret, in case you ever buy a new phone and so lose access.  If you already have google auth enabled on your account but don't have a backup of the secret, please PM me and I'll temporarily disable it so you can make a backup.
What about sending the Bitcoins to the emergency address?
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July 30, 2013, 06:35:15 AM
 #1269

What about sending the Bitcoins to the emergency address?

Good idea, except:

* the emergency address isn't currently locked using google-auth, so an attacker would just change it

and

* it's not set on the account in question

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July 30, 2013, 06:52:24 AM
 #1270

Hmm.. I would be pretty pissed off if someone managed to hack my account using social engineering
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July 30, 2013, 06:59:32 AM
 #1271

doog,

does the 5% commission get applied the moment you divest, or the moment you remove your btc from the site completely?
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July 30, 2013, 07:05:46 AM
 #1272

doog,

does the 5% commission get applied the moment you divest, or the moment you remove your btc from the site completely?

Moment you divest.

EDIT: Check the invest history, it will show the amount of commission charged.
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July 30, 2013, 07:12:06 AM
 #1273

doog,

does the 5% commission get applied the moment you divest, or the moment you remove your btc from the site completely?

Moment you divest.

EDIT: Check the invest history, it will show the amount of commission charged.

Yes, it's when you divest, and only if you divest all your principal and some new profit.  So if you invest 100, gain 10 in profit, then divest the original 100 or less, you pay no commission until the weekly run on Sunday.

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July 30, 2013, 02:37:16 PM
 #1274

what about offering insurance on your bets like in black jack?

it would help mitigate the effects of variance, right?

it could even be really specific, like, 'if i lose 9 in a row insurance pays out X btc'.

or perhaps it could be a choose your own adventure and anyone can write their own contract through fill in the blanks....  if (fill in the blank) happens, insurance pays (fill in the blank) and will cost (fill in the blank).

the buyer fills in any 2 blanks and the 3rd blank would fill itself in order to maintain a positive ev for the site...
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July 30, 2013, 02:39:37 PM
 #1275

what about offering insurance on your bets like in black jack?

it would help mitigate the effects of variance, right?

it could even be really specific, like, 'if i lose 9 in a row insurance pays out X btc'.

or perhaps it could be a choose your own adventure and anyone can write their own contract through fill in the blanks....  if (fill in the blank) happens, insurance pays (fill in the blank) and will cost (fill in the blank).

the buyer fills in any 2 blanks and the 3rd blank would fill itself in order to maintain a positive ev for the site...
seems like needlessly complicated.
after all, if you know your math, you know that just betting less it as effective as doing that.

remember we are here to service the users, not to con them.

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July 30, 2013, 02:41:28 PM
 #1276

I will make a 1 BTC bet at 49.5%

Looking for someone to insure my bet for 0.5 BTC

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GeoRW
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July 30, 2013, 02:45:20 PM
 #1277

I just received an email from someone telling me they bought a new phone and so lost access to google auth, and so can't log in.

They want me to reset their google auth so they can log in again.

This seems wrong to me.  If I reset google auth on demand, what's the point of even offering it?

So please, make sure you have a backup of your google auth secret, in case you ever buy a new phone and so lose access.  If you already have google auth enabled on your account but don't have a backup of the secret, please PM me and I'll temporarily disable it so you can make a backup.
Seems like a good solution would be to have them send you a verified message from a bitcoin address where they had previous sent a large deposit.  If they have an email registered with the account, sending an email from that account would seem like another good idea to verify identity.

I once lost GA code to my account at MtGox. They have reset it without any problem. Just an e-mail was sent to my e-mail address (stored in their DB) mentioning that the GA will be reset in 3 weeks time and if I didn't requested this I should contact their support team. Another e-mail was sent again like 3 days before reset date. Something similar could be done for JD.
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July 30, 2013, 02:46:05 PM
 #1278

seems like needlessly complicated.
after all, if you know your math, you know that just betting less it as effective as doing that.

remember we are here to service the users, not to con them.

if JD is completely open about the math, and there is still a demand..... it seems no different than the current implementation of JD. doog is completely open about the math, and there is still a demand for the site.

let the user determine what is best for them.

additionally, insurance could be another revenue stream for doog, and reduce the variance in his income as well.
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July 30, 2013, 02:50:00 PM
 #1279

also, i think a side benefit would be to encourage people to YOLO more often if they could be sure that they arent going to lose their shirts doing it.

it would create a good show if nothing else.
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July 30, 2013, 02:53:58 PM
 #1280

if JD is completely open about the math, and there is still a demand..... it seems no different than the current implementation of JD. doog is completely open about the math, and there is still a demand for the site.

let the user determine what is best for them.

additionally, insurance could be another revenue stream for doog, and reduce the variance in his income as well.
nope:

1) if insuring was free, then implementing it would be a waste

2) if it had a cost, it would be a disservice to users: a way to con them into giving us more money without real benefits

3) if we did it anyway, we might end up into a paradox where if a user loses (x-1) times in a row, it's better for him to lose his next bet than to win it

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DefaultTrust is very BAD.
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