BitArena | Online Bitcoin Arena | 48 Hour 0% House Edge promotion!

[Hfleer]

House rake seems very high on this.  It's a player versus player game so the house takes no real risk kinda like Peerbet.  Peerbet takes no rake.

[1714505489]

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[1714505489]

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[Boelens]

House rake seems very high on this.  It's a player versus player game so the house takes no real risk kinda like Peerbet.  Peerbet takes no rake.

Yeah, I don't like it either. I've played a few times, but I won't continue to play now. 7% is ridicilous, if I win, with say, an axe, I get quite a loss still, and have to win to make profit.

[HollowIP]

House rake seems very high on this.  It's a player versus player game so the house takes no real risk kinda like Peerbet.  Peerbet takes no rake.

Yeah, I don't like it either. I've played a few times, but I won't continue to play now. 7% is ridicilous, if I win, with say, an axe, I get quite a loss still, and have to win to make profit.

Doing simple math with the amount of bets already placed on the site (828) and using the average bet (0.04) it seems the house makes some decent cash off the site.

Also, considering this was a coinchat bot game first, was good credit given to the originator?

[Mooshire]

House rake seems very high on this.  It's a player versus player game so the house takes no real risk kinda like Peerbet.  Peerbet takes no rake.

Yeah, I don't like it either. I've played a few times, but I won't continue to play now. 7% is ridicilous, if I win, with say, an axe, I get quite a loss still, and have to win to make profit.

I second this. The fee was raised to 7% to justify the new prestige system, which from what TF has mentioned to me, with 100 points, I might be able to get 0.02 back. So basically the increased house edge doesn't affect people that spend ridiculous amounts on this game, but instead affects all the new people that want to try the game a few times. They could have easily left the house edge the same and still made almost the same profit, but the greed of the site owner and/or designer has put them off my list for good. It was done without notice except for the change on the side of the site in small text, not reflected anywhere on the forums by the owner or designer, only annoyed players. Your site's model may be "unique", but the original idea didn't even come from you, and you're putting a ridiculous house edge on it. Add that to the already high stakes, and I do not recommend this game to anyone anymore. It went to shit pretty quickly. At this point, it's basically a glorified chain game.

[🏰 TradeFortress 🏰]

I can't help but notice my fame is gone Sad What happened?

It has been changed to prestige which you'll be able to cash in for cashbacks soon.

Regarding the house edge: Games like Minefield (standalone, on bitvegas, whatever) has house edges of 10% of more. None of the house edge changes were retroactive.

With prestige, if you play enough you'll get a house edge lower than 5% (what it was before) - the more prestige you redeem, the more cashback you get.

[Mooshire]

I can't help but notice my fame is gone Sad What happened?

It has been changed to prestige which you'll be able to cash in for cashbacks soon.

Regarding the house edge: Games like Minefield (standalone, on bitvegas, whatever) has house edges of 10% of more. None of the house edge changes were retroactive.

With prestige, if you play enough you'll get a house edge lower than 5% (what it was before) - the more prestige you redeem, the more cashback you get.

You say if you play enough. Which means if you want a lower house edge, you play more, which means more money for the owner. If you play less and never cashout, the higher fee means more money for the owner. This was really just a move of greed.

[Dumbo]

I am just a newbie, but my 2 bitcents here -
Being an aspiring entrepreneur myself, I might come out a little biased. 838 bets with 0.04 BTC average bet and 7% house income is really not all that money. It is infact only $200 ish. Also, from what I have noticed - people tend to bet with less expensive weapons, so 0.04 is probably not the average either. I would say, that at present conditions, I will be impressed if the site makes $500 profit/month. So you guys really shouldn't be saying that TF or the Pikachu dude is making enough.

The site owners are not getting rich off it anytime soon unless the player base increases. That being said, perhaps the house edge ought to be lowered to 5% or less for the early adopters. And a less expensive arena can be introduced for BTC hobo newbs like me?

[Hfleer]

I am just a newbie, but my 2 bitcents here -
Being an aspiring entrepreneur myself, I might come out a little biased. 838 bets with 0.04 BTC average bet and 7% house income is really not all that money. It is infact only $200 ish. Also, from what I have noticed - people tend to bet with less expensive weapons, so 0.04 is probably not the average either. I would say, that at present conditions, I will be impressed if the site makes $500 profit/month. So you guys really shouldn't be saying that TF or the Pikachu dude is making enough.

The site owners are not getting rich off it anytime soon unless the player base increases. That being said, perhaps the house edge ought to be lowered to 5% or less for the early adopters. And a less expensive arena can be introduced for BTC hobo newbs like me?

Well suppose the site only get 84 bets of .04 BTC and the rake is 70%, would that be good also by your logic?

[Dumbo]

Okay I do see your point and  70%  is a bit too extreme  .  If they do make 70% house edge, I doubt they will get 84 bets.

I am just saying that the site is not making a decent amount of money yet and until they do, perhaps a lower house rate should be implemented for the first 100 people or so. I don't think 7% overall is all that bad.  

Sneakily changing from 5% to 7% was bad though.

[str4wm4n]

this is addictive lol

[str4wm4n]

I didn't read through the thread but has anyone else suggested a high stakes version?

[vlees]

I didn't read through the thread but has anyone else suggested a high stakes version?

I would also like to see a version with bets >= 1BTC (or even 0.1)

[vlees]

I didn't read through the thread but has anyone else suggested a high stakes version?

I would also like to see a version with bets >= 1BTC (or even 0.1)

Anyone, feel free to challenge the current champion
Wanted to try this this morning but nobody played since.

EDIT: Now people played. It's a fun game. IMO better than the one in CoinChat because the amounts are bigger here.

[🏰 TradeFortress 🏰]

You are no longer anonymous

[vlees]

You are no longer anonymous

?

[🏰 TradeFortress 🏰]

You are no longer anonymous

?

There was a bug where everyone playing had the name 'Anonymous'.

[vlees]

You are no longer anonymous

?

There was a bug where everyone playing had the name 'Anonymous'.

Ah, time for you to challenge the current Anonymous then to get up on top again. But I thought the site was from pikachujdc even thought the Inputs.io address we send to ends in glados.cc

So who is the owner and how can we be sure the owner does not look up the current secret so he can win?

[monbux]

Wish I could play, but too poor..

[vlees]

Wish I could play, but too poor..

Then go to #arena on coinchat. Lower betting amounts.

Also, someone play today!

[Hfleer]

Wish I could play, but too poor..

Then go to #arena on coinchat. Lower betting amounts.

Also, someone play today!

I'm guessing you're the current champ.  Maybe they can give prizes for top several on the leaderboad.