Just-Dice.com : Invest in 1% House Edge Dice Game

[boumalo]

June 20th marks the 1st birthday for Just-Dice.

To celebrate we're having a 2 BTC poker freeroll at SealsWithClubs for Just-Dice regulars old and new.

Log in to your regular account, and type /poker in the chat box to see if you qualify for a free ticket.

There's also a 0.5 bounty on the head of both doog and Deb - knock either of them out to claim your 0.5 BTC prize.

6pm PST | 9pm EST | 2am GMT | 3am CET

For chat moderators of both DD and JD there's a 2nd freeroll an hour later, with another 2 BTC prize pool and two more 0.5 BTC bounties.

See you there! 

so, there'll be poker tourney at 3am CET? That's too early for me. So, if anyone wants my code for 0.005 pm me.

297players registered so far and a prizepool of 2BTC so the equivalent of 0.0067/player and probably 10% of the players will not be here to play it and some will not play it seriously so the value of each ticket is probably closer or higher than 0.01

[1714912756]

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[1714912756]

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[MilkyLep]

Ive got a code i may not have the chance to use because of my work schedule if anyone is interested.

[dooglus]

297players registered so far and a prizepool of 2BTC so the equivalent of 0.0067/player and probably 10% of the players will not be here to play it and some will not play it seriously so the value of each ticket is probably closer or higher than 0.01

297 is the number of seats.  The number registered is less than half that at the moment I think.

Of the >2000 accounts that qualify for a seat, many are idle and forgotten.

It's quite likely that the game will kick off with less than 200 people playing.

Note also that there is a 0.5 BTC bounty on both my head and Deb's, making the total prize pool effectively 3 BTC.

Doesn't that make the value of a ticket around 0.015 BTC?

[dooglus]

Great job this week guys.  Your coins worked hard for us and somehow managed to retain over 5% of the amount wagered!

Apr 14 2014     0.90%   133.93%
Apr 21 2014     1.01%   135.28%
Apr 28 2014     0.85%   136.43%
May  5 2014     0.56%   137.20%
May 12 2014     0.32%   137.63%
May 19 2014     1.05%   139.07%
May 26 2014     0.35%   139.56%
Jun  2 2014     0.22%   139.87%
Jun  9 2014     2.06%   142.75%
Jun 16 2014     0.22%   143.06%

[PacoMartin]

 

Douglas. You are a genius. Just dice is gambling on crack, so super addictive. You have managed to blend a winning formula perfectly.

Have you considered going mainstream and accepting $.
I foresee every major online gaming company having a just dice look alike.
I foresee brick and mortar casinos having just dice type machines.
I wonder if you can patent just dice? If you can, I would highly recommend that you do. And quickly before someone else does.

I had an old time casino floor operator describe operations from the late 1980's before the mega casinos were built in Vegas. He said gambling is inherently stupid activity. A good gambling operation is inherently "high touch". He defined that as a place where you can go where there is a buzz of human activity, and people pay attention to you if you are a flea or a whale. The practice of ignoring fleas in present day gambling means that there are no future. You shouldn't feel like you are being gouged by the house edge, so that Lady Luck has a chance with you. Also the owners should be an every day force, not someone you never see.

So "dirty dog's" enthusiasm is because he thinks he has discovered something new and innovative. I actually think he has found a "high touch" operation, which is something classic. It's interesting that it would be online and not brick and mortar.

Kudos to dooglus and deb.

[dooglus]

A good gambling operation is inherently "high touch". He defined that as a place where you can go where there is a buzz of human activity, and people pay attention to you if you are a flea or a whale.

I try to treat everyone the same, no matter what their bankroll, to the point of making a point not to look at people's balances most of the time.

That can lead to problems, with high rollers feeling snubbed because I don't go the extra mile to cater to them.  One guy was upset that it took over an hour for me to manually process a large withdrawal that he requested on a Sunday afternoon.  Another seems upset that I don't buy him steak dinners when he loses, though I think that is mostly tongue in cheek.

I'm sure most whales recognise that all the "free stuff" they get at the big casinos is paid for by the large house edge on the games they play.

[boumalo]

A good gambling operation is inherently "high touch". He defined that as a place where you can go where there is a buzz of human activity, and people pay attention to you if you are a flea or a whale.

I try to treat everyone the same, no matter what their bankroll, to the point of making a point not to look at people's balances most of the time.

That can lead to problems, with high rollers feeling snubbed because I don't go the extra mile to cater to them.  One guy was upset that it took over an hour for me to manually process a large withdrawal that he requested on a Sunday afternoon.  Another seems upset that I don't buy him steak dinners when he loses, though I think that is mostly tongue in cheek.

I'm sure most whales recognise that all the "free stuff" they get at the big casinos is paid for by the large house edge on the games they play.

JD is pretty different than brick and mortars casinos even if some small aspects of the businesses may be the same

297players registered so far and a prizepool of 2BTC so the equivalent of 0.0067/player and probably 10% of the players will not be here to play it and some will not play it seriously so the value of each ticket is probably closer or higher than 0.01

297 is the number of seats.  The number registered is less than half that at the moment I think.

Of the >2000 accounts that qualify for a seat, many are idle and forgotten.

It's quite likely that the game will kick off with less than 200 people playing.

Note also that there is a 0.5 BTC bounty on both my head and Deb's, making the total prize pool effectively 3 BTC.

Doesn't that make the value of a ticket around 0.015 BTC?

Correct

[001sonkit]

A good gambling operation is inherently "high touch". He defined that as a place where you can go where there is a buzz of human activity, and people pay attention to you if you are a flea or a whale.

I try to treat everyone the same, no matter what their bankroll, to the point of making a point not to look at people's balances most of the time.

That can lead to problems, with high rollers feeling snubbed because I don't go the extra mile to cater to them.  One guy was upset that it took over an hour for me to manually process a large withdrawal that he requested on a Sunday afternoon.  Another seems upset that I don't buy him steak dinners when he loses, though I think that is mostly tongue in cheek.

I'm sure most whales recognise that all the "free stuff" they get at the big casinos is paid for by the large house edge on the games they play.

doog: "big chunk of coins! Incoming"
*few minutes of blockchain-ing*
Oh.... This address... such easy. very tainted (address), thanks for the alert
 
PS: consider having some mechanism CoinJoin whtevr to let users to not taint their deposit address with the pool of reserve you guys had?

[ovdsm]

one more poker ticket for sale. BTC 0.01, pm if interested.

[001sonkit]

one more poker ticket for sale. BTC 0.01, pm if interested.

Last Price: 0.005BTC
With already 300 people joined, you wont have a good rate of the ticket

[itod]

297 is the number of seats.  The number registered is less than half that at the moment I think.

Of the >2000 accounts that qualify for a seat, many are idle and forgotten.

It's quite likely that the game will kick off with less than 200 people playing.

Note also that there is a 0.5 BTC bounty on both my head and Deb's, making the total prize pool effectively 3 BTC.

Doesn't that make the value of a ticket around 0.015 BTC?

Created an account at SealsWithClubs and redeemed the code, but it turns out I have no time to play. If anyone wants user/pass I'll send it for 0.005 BTC.

[🏰 TradeFortress 🏰]

Lovely idea for a promo! I haven't played on sealswithclubs for a long while, wonder what's changed.

[ovdsm]

well, here's a ticket JD-72M91G6B.

1P1ntibW5PxpysVNekrVnYcpnwDTMzWiWh

[oppahdoggystyle]

is there a JD poker tourne?

[PacoMartin]

I was looking back on Sunday 29 September 2013 (when 1.5 million BTC were gambled in one day). I saw the following three comments made.

I heard in chat that Nakowa once claimed his bankroll was six figures.
100,000 bitcoin.

That's still "only" twice as much as j-d's current bankroll. I'll leave it up to better mathematicians to calculate exactly how low the chance is that he'll break the bank before he is bankrupt.

He trying to break the bank.

Let's assume "break the bank" is hyperbole. Did anyone calculate what the possibility is that a player who is risking 1% of amount wagered to date 53,027BTC has of winning the total profit 18,695BTC before going bankrupt?

[boumalo]

I was looking back on Sunday 29 September 2013 (when 1.5 million BTC were gambled in one day). I saw the following three comments made.

I heard in chat that Nakowa once claimed his bankroll was six figures.
100,000 bitcoin.

That's still "only" twice as much as j-d's current bankroll. I'll leave it up to better mathematicians to calculate exactly how low the chance is that he'll break the bank before he is bankrupt.

He trying to break the bank.

Let's assume "break the bank" is hyperbole. Did anyone calculate what the possibility is that a player who is risking 1% of amount wagered to date 53,027BTC has of winning the total profit 18,695BTC before going bankrupt?

Max bet is now 0.5%

Nakowa didn't have 100,000BTC

[PacoMartin]

Max bet is now 0.5%

Nakowa didn't have 100,000BTC

I said the player had 1% 5.3 million wagered or 53K coins.

For the record, was their any estimate made how much Nakowa bought in? Did he buy in with 10K, 20K, 30K?

[boumalo]

Max bet is now 0.5%

Nakowa didn't have 100,000BTC

I said the player had 1% 5.3 million wagered or 53K coins.

For the record, was their any estimate made how much Nakowa bought in? Did he buy in with 10K, 20K, 30K?

He had many accounts and made many deposits

Dooglus could give more info on this but I think he always bought in for less than 1k

Nakowa said :

PS: About the bankroll I have, I started "gambling" on JD with 3000BTC (apart from another 4000 for investment), and never down more than 700.

https://bitcointalk.org/index.php?topic=301412.0

[PacoMartin]

Nakowa said :

PS: About the bankroll I have, I started "gambling" on JD with 3000BTC (apart from another 4000 for investment), and never down more than 700.

So as of 25 Sep 2013 he won 7,423 BTC with 904,978 wagered on six accounts.

But he must have been willing to try it again at 0.5% max profit, because four days later on 29 Sep roughly 1.5 million coins was wagered (much of it his).

Nakowa has a curious sense of personal attack. He seems to think that big losses should be blamed on variance, and it was a personal attack on him to lower the max profit per bet. I think dooglus lowered the max to reduce variance, and I don't think he cared if it was Tinkerbell winning.

The Bureau of Engraving and Printing has something called a cash-pack, which is 16,000 bills all wrapped in plastic and stamped. If you don't break it up it can be thought of as a single unit of currency worth $1.6 million if c-notes and weighing 35.2 pounds. Gamblers sometimes show up with them in pillow cases in brick and mortar casinos.

[dooglus]

Lovely idea for a promo! I haven't played on sealswithclubs for a long while, wonder what's changed.

Very little that I can notice.  Other than:

The site's busier than it used to be.  Generally 300-400 people logged in at any time.

You can play for fractions of a chip now, since 1 chip = 0.001 BTC ~= 60 cents is too big for microstakes play.

There are binary executables available for Windows, Mac, and Linux, but I'm not brave enough to download them.  There's also a .apk file for an Android client.  But if you don't trust those you're stuck with the same clunky flash client they always had.