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

[dooglus]

I also liked the response to the people who assumed that you were nakowa. Basically your defenders said that dooglus isn't that dumb. If he were going to steal, he wouldn't do it by blatantly assaulting the bank.

Right, so at the next level up, it would make sense to be nakowa, because it's so obvious nobody would believe it!

[1713951684]

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[ranlo]

I also liked the response to the people who assumed that you were nakowa. Basically your defenders said that dooglus isn't that dumb. If he were going to steal, he wouldn't do it by blatantly assaulting the bank.

Right, so at the next level up, it would make sense to be nakowa, because it's so obvious nobody would believe it!

Maybe we're ALL satoshi Nakowa!

[drasted]

I also liked the response to the people who assumed that you were nakowa. Basically your defenders said that dooglus isn't that dumb. If he were going to steal, he wouldn't do it by blatantly assaulting the bank.

Right, so at the next level up, it would make sense to be nakowa, because it's so obvious nobody would believe it!

http://www.youtube.com/watch?v=U_eZmEiyTo0&feature=player_detailpage#t=83

[nimda]

I also liked the response to the people who assumed that you were nakowa. Basically your defenders said that dooglus isn't that dumb. If he were going to steal, he wouldn't do it by blatantly assaulting the bank.

Right, so at the next level up, it would make sense to be nakowa, because it's so obvious nobody would believe it!

http://www.youtube.com/watch?v=U_eZmEiyTo0&feature=player_detailpage#t=83

I Google'd "nakowa" to see if it was an Australian name (sounds japanese to me, but you never know) so that I could make a terrible joke.

Instead I found it has made Urban Dictionary as multiple nouns, all based on the just-dice player.

[ranlo]

I also liked the response to the people who assumed that you were nakowa. Basically your defenders said that dooglus isn't that dumb. If he were going to steal, he wouldn't do it by blatantly assaulting the bank.

Right, so at the next level up, it would make sense to be nakowa, because it's so obvious nobody would believe it!

http://www.youtube.com/watch?v=U_eZmEiyTo0&feature=player_detailpage#t=83

I Google'd "nakowa" to see if it was an Australian name (sounds japanese to me, but you never know) so that I could make a terrible joke.

Instead I found it has made Urban Dictionary as multiple nouns, all based on the just-dice player.

I love it! "The fucker went full nakowa and busted." We could also say he nakowa'd the investors.

[organofcorti]

I also liked the response to the people who assumed that you were nakowa. Basically your defenders said that dooglus isn't that dumb. If he were going to steal, he wouldn't do it by blatantly assaulting the bank.

Right, so at the next level up, it would make sense to be nakowa, because it's so obvious nobody would believe it!

http://www.youtube.com/watch?v=U_eZmEiyTo0&feature=player_detailpage#t=83

I Google'd "nakowa" to see if it was an Australian name (sounds japanese to me, but you never know) so that I could make a terrible joke.

Instead I found it has made Urban Dictionary as multiple nouns, all based on the just-dice player.

Go on. Make the joke anyway. Can't be more terrible than half the jokes I regret posting on this forum.

[freedomno1]

I also liked the response to the people who assumed that you were nakowa. Basically your defenders said that dooglus isn't that dumb. If he were going to steal, he wouldn't do it by blatantly assaulting the bank.

Right, so at the next level up, it would make sense to be nakowa, because it's so obvious nobody would believe it!

http://www.youtube.com/watch?v=U_eZmEiyTo0&feature=player_detailpage#t=83

I Google'd "nakowa" to see if it was an Australian name (sounds japanese to me, but you never know) so that I could make a terrible joke.

Instead I found it has made Urban Dictionary as multiple nouns, all based on the just-dice player.

That was a fun one
Sometimes you just read something that makes you smile a little hehe.
Soon I will be afraid of the N-Weapon
The Nakowa Bomb ^_^

[PacoMartin]

http://www.youtube.com/watch?v=U_eZmEiyTo0&feature=player_detailpage#t=83

That movie is hysterical.

I wonder if there is a table with the amount of profit per day (like wagered per day). I would be curious to see how often gamblers lost 10% (even with small amounts).

[SebastianJu]

and and and... and... the list looks endless...

Did you see this list?

The 1300 BTC snafu is the 26th biggest "incident" on the list.

No, interesting list. But i think the snafu shouldnt really be part of it. The coins werent stolen. A roll-back means something different.

* It was an error
* No theft, nobody lost real 1300BTC
* You were honest and spoke with the shareholders
* The shareholders wanted it this way

So i dont see it justified being in this list. I might be wrong though about what happened.

[Lohoris]

No, interesting list. But i think the snafu shouldnt really be part of it. The coins werent stolen. A roll-back means something different.

* It was an error
* No theft, nobody lost real 1300BTC
* You were honest and spoke with the shareholders
* The shareholders wanted it this way

So i dont see it justified being in this list. I might be wrong though about what happened.

1. You could say those coins were basically stolen, but have been subsequently lost: while the net difference was ~0, since they had been wagered the thief would "owe" the casino those coins.
2. This would only apply if "assuming the thief won instead of losing, he would have been able to withdraw".
3. But if he won he likely wouldn't have been able to withdraw more than the hot-wallet, since doog would have noticed something wrong before processing the withdrawal request.
4. But if (3) happened, this would have caused an even greater scandal for the casino, causing fear not to the investors (like it happened) but to the players, which is much worse.
5. So you could say that the actual amount stolen was "the hot wallet + the missed fees + the hipotetical damage caused in (4)".
6. Since the hipotetical damage is near-impossible to calculate, I'd go the easy route and just assume he stole the involved (1300 BTC) amount and be done with it.

[infested999]

Let us take a look into the past of Just-Dice!

I'm torn.  I want people to understand about probability and not be dumb about things, but I also want the site to be profitable.

I guess the traditional casino operator does everything he can to trick the player into playing.  I don't want to be that guy.

Johnqat93 winning the design contest for a new logo: http://99designs.ch/logo-design/contests/logo-wanted-dice-240815

Here is the current China-site: http://www.btc-dice.com/

New site design by TempleRunAI: https://i.imgur.com/BrfTdIi.png

Source code found here: https://bitcointalk.org/index.php?topic=238613.msg2840579#msg2840579

[dooglus]

I wonder if there is a table with the amount of profit per day (like wagered per day). I would be curious to see how often gamblers lost 10% (even with small amounts).

There is now - I added 'site profit' to the 'wagered per day' report.

[infested999]

2014-06-16 - 2014-06-23

[dooglus]

A pretty good week this week, returning 0.83% to anyone who was with us all week, and somehow holding on to 2.5% of the total amount wagered:

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%
Jun 23 2014     0.83%   144.25%

[dooglus]

There is now - I added 'site profit' to the 'wagered per day' report.

The "biggest bets" report now lists the individual biggest bets over various time periods too.

[PacoMartin]

There is now - I added 'site profit' to the 'wagered per day' report.

That is certainly an eye-opener, and puts a lot of doubt on the reliance of casinos on whales. You profitability is much higher in the latter part of the year, with much lower wagering.

115 days 40 BTC profit per day 36,088 wagered per day
221 days 58 BTC profit per day 4,668 wagered per day 

Your return on any given day ranges from 18.73% to -12.60%

[dooglus]

That is certainly an eye-opener, and puts a lot of doubt on the reliance of casinos on whales. You profitability is much higher in the latter part of the year, with much lower wagering.

That's because we had one huge whale and he kicked our asses... 

We did better once he stopped playing, it's true.

Your return on any given day ranges from 18.73% to -12.60%

That's profit as a percentage of the amount wagered?

I try to use "return" to mean the profit as a percentage of the bankroll, because that's the return the people bankrolling the site get.  If only 1 BTC is bet one day and the bet loses, that's a 100% profit in terms of the amount wagered, but approximately 0% return to the bankrollers. (100 * 1/50000 ~= 0)

[PacoMartin]

That's because we had one huge whale and he kicked our asses...  
We did better once he stopped playing, it's true.

I am trying to guess how much you make on big bets from gamers other than nakowa,

Convention always say that casinos need whales to make a good profit. But that's not always true in B&M. Sometimes very homely little casinos with very loyal customers make superb profits.

That's profit as a percentage of the amount wagered?

I will use Profit/Wagered (P/W). In the first year there were 22 days with P/W over 7%, and only 9 with P/W under 7%.

The big money gaming days are prevalent, but not dominant. The date: Fri, Oct 4, 13 is when 'mechs' lost his 7000 BTC. None of them obviously seem like days Nakowa was playing.

Yet those 22 days add up to 18,515 BTC profit, which is almost as high as the total profit of the year at 18,940 BTC.

Date	Profit/Wagered	Profit	Wagered
07/07/2013	18.73%	750	4,004
04/03/2014	16.65%	445	2,674
01/08/2014	12.99%	1,849	14,229
06/06/2014	12.92%	744	5,756
07/04/2013	12.42%	380	3,062
12/30/2013	9.57%	872	9,116
11/28/2013	9.50%	270	2,847
12/14/2013	9.34%	2,308	24,720
04/19/2014	9.15%	208	2,269
01/22/2014	9.10%	512	5,628
01/26/2014	8.80%	2,226	25,306
10/04/2013	8.79%	5,608	63,819
02/04/2014	8.11%	205	2,524
04/25/2014	8.08%	181	2,239
09/08/2013	8.08%	416	5,151
12/28/2013	8.06%	240	2,975
12/08/2013	7.91%	405	5,121
12/22/2013	7.69%	224	2,915
03/18/2014	7.45%	108	1,446
07/09/2013	7.31%	259	3,538
05/17/2014	7.18%	234	3,266
06/23/2013	7.03%	71	1,003
06/22/2013	-7.31%	-58	796
01/23/2014	-7.38%	-415	5,628
12/26/2013	-7.77%	-174	2,242
08/24/2013	-8.73%	-224	2,563
12/06/2013	-8.90%	-295	3,310
12/15/2013	-10.43%	-299	2,871
01/12/2014	-11.71%	-197	1,685
01/14/2014	-12.32%	-194	1,571
12/29/2013	-12.60%	-339	2,691

                              

Your 11 days with profit over 1000 BTC add up to 23,600 BTC.

Date	Profit/Wagered	Profit	Wagered
10/04/13	8.79%	5,608	63,819
09/25/13	1.70%	3,006	176,993
10/11/13	2.70%	2,722	100,678
12/14/13	9.34%	2,308	24,720
01/26/14	8.80%	2,226	25,306
01/08/14	12.99%	1,849	14,229
09/27/13	4.29%	1,418	33,064
07/24/13	5.31%	1,284	24,167
07/20/13	5.56%	1,092	19,642
09/26/13	3.81%	1,078	28,255
02/14/14	4.06%	1,048	25,835
01/25/14	-6.58%	-1,023	15,531
10/03/13	-3.00%	-1,419	47,313
09/29/13	-0.15%	-2,264	1,553,358
09/22/13	-5.59%	-2,345	41,941
07/13/13	-2.90%	-2,485	85,587
09/21/13	-1.82%	-2,566	140,897
09/23/13	-1.20%	-4,607	384,966

Some sort of moving average might be helpful. You've had that below .40% up for over 6 months, and it is always influenced by events last fall. You may want to indicate P/W for the last 30 days.

Date	P/W 30 day moving average
4/30/14	1.864%
5/1/14	2.024%
5/2/14	2.125%
5/3/14	1.629%
5/4/14	1.660%
5/5/14	1.747%
5/6/14	1.706%
5/7/14	1.472%
5/8/14	1.700%
5/9/14	1.774%
5/10/14	1.832%
5/11/14	1.840%
5/12/14	1.938%
5/13/14	1.882%
5/14/14	2.066%
5/15/14	1.767%
5/16/14	2.109%
5/17/14	2.485%
5/18/14	2.454%
5/19/14	1.995%
5/20/14	1.847%
5/21/14	1.885%
5/22/14	1.755%
5/23/14	1.652%
5/24/14	1.705%
5/25/14	1.676%
5/26/14	1.670%
5/27/14	1.620%
5/28/14	1.531%
5/29/14	1.657%
5/30/14	1.549%
5/31/14	1.427%
6/1/14	1.433%
6/2/14	1.420%
6/3/14	1.480%
6/4/14	1.509%
6/5/14	1.506%
6/6/14	2.560%
6/7/14	2.608%
6/8/14	2.654%
6/9/14	2.639%
6/10/14	2.555%
6/11/14	2.664%
6/12/14	2.479%
6/13/14	2.628%
6/14/14	2.557%
6/15/14	2.482%
6/16/14	2.275%
6/17/14	2.130%
6/18/14	2.220%
6/19/14	2.601%

                  

[SebastianJu]

No, interesting list. But i think the snafu shouldnt really be part of it. The coins werent stolen. A roll-back means something different.

* It was an error
* No theft, nobody lost real 1300BTC
* You were honest and spoke with the shareholders
* The shareholders wanted it this way

So i dont see it justified being in this list. I might be wrong though about what happened.

1. You could say those coins were basically stolen, but have been subsequently lost: while the net difference was ~0, since they had been wagered the thief would "owe" the casino those coins.
2. This would only apply if "assuming the thief won instead of losing, he would have been able to withdraw".
3. But if he won he likely wouldn't have been able to withdraw more than the hot-wallet, since doog would have noticed something wrong before processing the withdrawal request.
4. But if (3) happened, this would have caused an even greater scandal for the casino, causing fear not to the investors (like it happened) but to the players, which is much worse.
5. So you could say that the actual amount stolen was "the hot wallet + the missed fees + the hipotetical damage caused in (4)".
6. Since the hipotetical damage is near-impossible to calculate, I'd go the easy route and just assume he stole the involved (1300 BTC) amount and be done with it.

One might think so but it runs under the premise Just-Dice scammed while in fact just-dice didnt do it. I lets JD look worse than it is. Its very different to "Labcoin scammed some thousand Bitcoins". But it looks the same in the list. One needs to learn the real things behind to justify it. But even then its a hypothetical loss only.

I only want to say that it looks like putting small timmy into jail to the murderers and thieves only because he forgot to do his homework in school.

[twentyseventy]

Just received news that J-D is closing down, can someone else confirm?

If so, this is truly the end of an era.