Bitcoin Forum
April 17, 2014, 06:24:25 PM *
News: Due to the OpenSSL heartbleed bug, changing your forum password is recommended.
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Looking for advices for a slot machine game (btw: I'm nakowa)  (Read 3996 times)
towtoad
Member
**
Offline Offline

Activity: 98



View Profile

Ignore
July 20, 2013, 12:10:40 PM
 #1

It's amazing how satoshidice.com and just-dice.com are revolutionizing online gambling industry.

satoshidice.com just sold out for 12 Million Dollars, and just-dice.com is replacing its leading role.

satoshidice has several advantages that traditional online casinos don't have:

1. no registration
2. proven fairness
3. bitcoin itself as clips

with the same mechanism of proven fairness, just-dice.com goes further:

1. registration needed, at the same time keeps players anonymity.
2. instant feedback (no need to wait for transaction confirmed)
3. clips enabled, but tied to deposited bitcoin directly.

of course, the most revolutionary feature just-dice.com has is that it allows users deposit as investors, share the profit of house edge with the site.

However, one flaw of satoshidice style blew just-dice.com out (at least temporarily): Nakowa (nickname also used as cici, celeste, that is, me) won more than 3k bitcoins within 3 days. (here's the data of my bet history: https://just-dice.com/whale.zip)

What is the flaw? No max and min bet size set. In any tradition casino, max and min best sizes are all set, for example, min: 1, max: 5. In this way, the house controls the variance of outcome in a range. I never won from satoshidice.com that large amount of bitcoin, but did from just-dice.com, because it's just feedback instantly, and less tedious to place bets.

You have a large bankroll, and you bet alternatively with a very small bet size (0.01) as a test, and looking for pattern of (wlwlwlwl) (50% chance of win should be set), then bet large after a small bet loses. It's just looks like a gambler's fallacy, but it's a very simple, effective and safe way to create much larger variance. As long as your bankroll is large enough, and you "big" bet size is relatively small so that you feel comfortable, you can easily win a very large amount. If you could possibly stop after a large positive variance created, you win.

(Warning: DON'T think you can easily understand what stated above, and you can win on just-dice.com. To win, you'd better have the ability to control your emotions, and at the same time some positive luck.)

From the investors point of view, just-dice.com might well be profitable, but two factors need to be considered:
1. As the profit of the house goes up, more investors will be attracted, the percentage of an investor supplies to the house shrinks. Although the wagered may well go up a lot, the expected return of profit for an investor is less than fixed.
2. the investors can't enjoy a multiplied profit from the rise of share price as do satoshidice.com share holders (some of them enjoyed a 32-fold profit!).

Is there any way to create a better online casino than satoshidice.com and just-dice.com?

I myself is designing a slot machine game, would you give me some advices?

 

1397759065
Hero Member
*
Offline Offline

Posts: 1397759065

View Profile Personal Message (Offline)

Ignore
1397759065
Reply with quote  #2

1397759065
Report to moderator
1397759065
Hero Member
*
Offline Offline

Posts: 1397759065

View Profile Personal Message (Offline)

Ignore
1397759065
Reply with quote  #2

1397759065
Report to moderator
1397759065
Hero Member
*
Offline Offline

Posts: 1397759065

View Profile Personal Message (Offline)

Ignore
1397759065
Reply with quote  #2

1397759065
Report to moderator
GAWMiners.com - Buy 4 ASIC Miners get ONE FREE!
Limited 24hr Offer Code: BUY4GET1
Mining Made Easy
For Everyone

Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1397759065
Hero Member
*
Offline Offline

Posts: 1397759065

View Profile Personal Message (Offline)

Ignore
1397759065
Reply with quote  #2

1397759065
Report to moderator
1397759065
Hero Member
*
Offline Offline

Posts: 1397759065

View Profile Personal Message (Offline)

Ignore
1397759065
Reply with quote  #2

1397759065
Report to moderator
1397759065
Hero Member
*
Offline Offline

Posts: 1397759065

View Profile Personal Message (Offline)

Ignore
1397759065
Reply with quote  #2

1397759065
Report to moderator
HollowIP
Full Member
***
Offline Offline

Activity: 126



View Profile

Ignore
July 20, 2013, 12:23:51 PM
 #2

Another 'brag' thread? Oh joy.

22 lines of irrelevance, 1 line on thread topic. GG

luke.watson
Sr. Member
****
Offline Offline

Activity: 392



View Profile WWW

Ignore
July 20, 2013, 12:27:43 PM
 #3

--

towtoad
Member
**
Offline Offline

Activity: 98



View Profile

Ignore
July 20, 2013, 12:28:23 PM
 #4

Another 'brag' thread? Oh joy.

22 lines of irrelevance, 1 line on thread topic. GG

I haven't updated enough. Smiley

juhakall
Sr. Member
****
Offline Offline

Activity: 422



View Profile

Ignore
July 20, 2013, 12:29:58 PM
 #5

What is the flaw? No max and min bet size set.

Max profit is currently 246.33 BTC
Rannasha
Sr. Member
****
Online Online

Activity: 364


View Profile

Ignore
July 20, 2013, 12:30:20 PM
 #6

You have a large bankroll, and you bet alternatively with a very small bet size (0.01) as a test, and looking for pattern of (wlwlwlwl) (50% chance of win should be set), then bet large after a small bet loses. It's just looks like a gambler's fallacy, but it's a very simple, effective and safe way to create much larger variance.

This is the very definition of gambler's fallacy, to believe that the previous rolls affect the next one. "Test bets" are pointless. In the Just-Dice thread someone performed a statistical analysis on your (if you are nakowa/celeste/etc, no proof was given) bets and while the set of bets was overall more wins than losses, it was well within reasonable limits around the mean (less than 2 standard deviations).

Someone with a big enough bankroll (compared to bet-size) to survive loss streaks has an extremely high chance to hit a winning streak given enough time. And that's simply what happened.

001sonkit
Hero Member
*****
Offline Offline

Activity: 588


Casper - A failed entrepenuer who looks like Zhou


View Profile WWW

Ignore
July 20, 2013, 12:33:47 PM
 #7

http://www.777coin.com/suits7.php
https://bitzino.com/slots

here you go bro, enjoy, they are both provably fair. Dont forget to check back JD and toss a few coins there ><

luke.watson
Sr. Member
****
Offline Offline

Activity: 392



View Profile WWW

Ignore
July 20, 2013, 01:14:40 PM
 #8

My slot game : http://cdkey-hut.com/casino.php?page=slots/freeplay-slots  Grin

bit777
Sr. Member
****
Offline Offline

Activity: 336


50+ Casino Games | http://www.bit777.com


View Profile WWW

Ignore
July 20, 2013, 02:41:50 PM
 #9

You should try out our 3-Reelers

Bugpowder
Sr. Member
****
Offline Offline

Activity: 394


View Profile

Ignore
July 20, 2013, 06:18:44 PM
 #10

This guy is a gambling genius.


Bugpowder
Sr. Member
****
Offline Offline

Activity: 394


View Profile

Ignore
July 20, 2013, 06:20:06 PM
 #11


2. the investors can't enjoy a multiplied profit from the rise of share price as do satoshidice.com share holders (some of them enjoyed a 32-fold profit!).
 

Cheapest IPO shares were .0032, highest sale was .0075.

Boelens
Sr. Member
****
Online Online

Activity: 364


View Profile

Ignore
July 20, 2013, 09:17:32 PM
 #12

This guy is a gambling genius.




He went from 0 to 5000 BTC? How the hell?
Frogcoin
Member
**
Offline Offline

Activity: 79


View Profile

Ignore
July 21, 2013, 02:54:26 AM
 #13

Probably something like 3000btc to 8000btc, but yes.
bernard75
Sr. Member
****
Offline Offline

Activity: 392



View Profile

Ignore
September 25, 2013, 07:21:09 PM
 #14

Looks like there is something to it. Cheesy

Anonymous reloadable VISAs with own bank account: https://bitcointalk.org/index.php?topic=216629
addi
Sr. Member
****
Offline Offline

Activity: 378


https://satoshibet.com


View Profile WWW

Ignore
September 25, 2013, 08:54:57 PM
 #15

something like satoshibet.com/lucky7 ? 99.6% return to player

bernard75
Sr. Member
****
Offline Offline

Activity: 392



View Profile

Ignore
September 25, 2013, 08:59:19 PM
 #16

He just made 11000BTC in a few days on Just-Dice.com
And he aint stopping.

Anonymous reloadable VISAs with own bank account: https://bitcointalk.org/index.php?topic=216629
Carlos L.
Hero Member
*****
Offline Offline

Activity: 798

If there is nothing wrong with it then fix it


View Profile

Ignore
September 25, 2013, 09:04:39 PM
 #17

Looks like there is something to it. Cheesy
GigaDice
Full Member
***
Offline Offline

Activity: 224



View Profile

Ignore
September 25, 2013, 09:08:18 PM
 #18

Your English has improved tremendously, congratulations.
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!