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Author Topic: PEERBET 2.0 OUT! *DRK*! Peerbet.org/PeerDice.org INVEST 0.3% Edge! Dice BTC/Alts  (Read 92249 times)
bit777
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August 24, 2013, 01:40:38 PM
 #1

Welcome to the PeerBet.org OFFICIAL THREAD!



Most Trusted Bitcoin Dice Casino! - Since 2012


Visit our other properties:

Bit777.com Official Thread:
https://bitcointalk.org/index.php?topic=183798.msg1914915#msg1914915




Most Trusted Bitcoin Casino! - Since 2012 - Bit777.com


CasinoBitco.in Official Thread:

https://bitcointalk.org/index.php?topic=228243.0




2015 Update:
Congrats to Peerbet.org investors! PeerBet is now the TOP Ranked BankRoll on Bitcoin-Dice-Guide.com!

The folks tracking this data started their investment with just 1 BTC and now have a balance of 1.421 BTC. They also predict a 27.59% annualized return. Not a bad rate of return, if you ask us! In this news - PeerBet is officially profitable and out of the early hole from many months ago. Join us now for a ride up that will be bigger than Just-Dice as we roll out some interface and graphical improvements in April, allowing for additional toggles, filters, and searches on our leaderboard and betting feed.




PeerBet.org adds 2-Factor - Now, more safely play & invest!!



At the request of our users, we've beefed up PeerBet security settings by adding 2FA options to PeerBet (with CasinoBitco.in already offering such settings).

Players have responded by already increasing the house bankroll by over 10% since the annoucement. As many players look for Casino's with a large house bankroll - and thus, higher bets allowed - we encourage as much investment in the house bankroll as possile to bring these players in to Peerbet.

Out with the old - In with the new Altcoins at PeerBet
We are revamping our coin selection at PeerBet.org. Please post any suggestions in our official thread at Bitcointalk.

Older, less popular coins will be removed in April. Our shortlist of coins to be added has not yet been formed - send your suggestions now for the best chance for your favorite coin to be added. We will also run a buy it now, or auction for 1-2 new coins to be included.



UPDATE 7/22/2014
-Darkcoin added

UPDATE 4/30/2014
-PeerBet Vouchers are currently suspended pending further investigation into security flaws.
-VOTE FOR A NEW COIN!
We're currently researching options for a new coins.
See thread here:
https://bitcointalk.org/index.php?topic=590477.msg6476217#msg6476217




--------------------------------------------------
--------------------------------------------------
Dear Members,

We are happy to announce the release of PeerDice.org! The 1st in the world Multi-Player Dice game, with the lowest house edge on Earth! Just 0.3%! Win Unlimited amounts!

Q. How do I play PeerDice?
A. Each user can place any amount of bets for each game. Each bet consists of a number (e.g. 66.7978) and bet value (e.g. 0.1 BTC). Users have the option to use random numbers by choosing exact or random from the dropdown menu next to the bet field. By choosing the Random option, each user can select his desired range, out of which the system will draw the random number.

Users can choose if they want to play indefinitely or limit their play by using the minimum/maximum balance limits or the maximum rolls limit.

Every second a new game starts with a new number drawn.

The winner is the person that has a number closest to the number drawn. The winner wins all bets of all other players minus 0.3% house fee. In the rare circcumstances where there might be more than 1 bet with the same number and it wins, the winnings are split.
Q. Can there be more than 1 winner?
A. Yes! There can be as many winners as the actual active players in the game. This happens when a lot of people are playing, and each of them has different bet values. We have designed our game to be similar to poker. Whenever the winner's bet is smaller than other players' bets, these players fight against each other on their own with their respective number selections.
Q. What happens if there is only one player per currency/coin?
A. We need at least 2 players per currency/coin to roll the dice, with at least 1 bet from each player. The dice will not be rolled until a 2nd player comes.
Q. Is it provably fair? How do you draw the number?
A. Yes, of course. When you place your bet, you also input your client seed. When the draw begins, the system uses all client seeds + the bet ids of all players to produce a SHA256 seed. The hash is then used in our RNG as a starting value to determine the Roll outcome. This way everyone is partially involved in determining the outcome and a single player or the house cannot affect it in any way.
Q. Once I start the game, how do I stop or pause it?
A. Click on the 'Active Bets' tab. There you have options to pause or cancel each or all of your ongoing bets.
Q. How can I manage my placed bets?
A. You can manage your placed bets, by clicking on the 'Active Bets' tab and choosing one of the options in the 'Actions' menu.
   > symbol - Clicking on this symbol activates your bet for the following games.
   II symbol - By clicking on this symbol, you will pause the bet.
   X symbol - Deletes the placed bet forever.
Example situations
Users A, B & C have bets for different values: User A = 1btc bet, User B = 0.5btc bet, User C = 0.5btc bet
- Example A: User A wins. User A receives 0.5btc refund + his actual win: 0.5btc (his stake) + 0.5btc from user B + 0.5btc from user C x 0.997% = 1.9955btc
- Example B: User B wins. User A receives 0.5btc refund, since User B's stake is 0.5btc. User B receives 0.5 btc (his stake) + 0.5btc from user A + 0.5btc from User C * 0.997% = 1.4955btc

Situations with more than 1 bet:

User A has 3 bets with different values: Bet 1 = 0.1btc, Bet 2 = 0.5btc, Bet 3 = 0.7btc. User B has 2 bets for 1btc and 0.5btc.
- Example A: User A's Bet 1 wins. User A receives 0.4 + 0.6 refunds from Bet 2 & 3, User B receives 0.9 & 0.4 refunds from his two bets. User A receives 0.1 (his stake) + 0.4 (from the 4 competing bets) * 0.997% = 0.4985btc win
- Example B: User B wins the 0.5btc bet. User A receives 0.2btc refund. User B receives 0.5btc refund. User B receives 0.1btc + 0.5btc + 0.5btc (from User A) + 0.5btc + 0.5btc (from his 2 stakes) * 0.997% = 2.0937btc win

More than 1 winner:

User A has a bet of 0.5btc. User B has a bet of 1btc. User C has a bet of 3btc. User D has a bet of 1.5btc.

- Users A & D win and need to split the profit.

- User A receives: 0.5btc + 0.5btc + 0.5btc + 0.5btc * 0.997% = 1.994btc /2 (2 winners) = 0.997btc
- User B loses his bet
- User C receives a refund of 1.5btc and loses 1.5btc
- User D receives: 0.5btc + 0.5btc + 0.5btc + 0.5btc * 0.997% = 1.994btc /2 (2 winners) = 0.997btc from the initial bet and the user also receives: 0.5btc (the remainder of User B) + 1btc (user C) + 1btc (the remainder of his own bet) * 0.997% = 2.4925btc. His total win is 0.997btc + 2.4925btc 3.4895btc

Q. What do payout color indications mean?
A. We use the following colors to mark the results of each game:
   Green - You won more than your total bet(s) value.
   Red - Your payout is less than your total bet(s) value.
   Silver (default) - You havent played for current roll.


-------------------------------------------------------------------------------------------


Dear Members,

We are releasing Robo - Your Advanced Dice Auto-Roll buddy!
 
To Play with Robo go to Peerbet Dice and click on Robo:




Robo options:



--------------------------------------------------------------------------------------------




Dear members,

We are happy to release Peerbet Dice!

Peerbet Dice can be played with bitcoins and altcoins! Litecoins, Namecoins, Peercoins, Primecoins, Anoncoins & Feathercoins!

We will soon add other alt coins.

We welcome everyone to play.

So far it is still a bit rough, so if you see something, say something Smiley





------------------------------------------------------------------------------------------


Dear members,

We are happy to inform you about the release of Peerbet 2.0! The much anticipated release includes a few key features!

* New API - The new API now includes more functions for Raffles, and it also includes the Wheel!
* 4 More Wheels - Now you can play a total of 5 Wheels, all of which have different chance and different payouts!
* Internal transfers to Bit777.com - Now you can transfer your bitcoins to the casino without having to withdraw!
* Auto-update on Raffles list - So you don't have to refresh the page all the time!
* Better Raffle Creator - New options include:
- Public Creator and Players info options - If you want everyone to see who plays your raffles.
- Maximum tickets per player in a raffle - If you would like to create a raffle with a pool of players, instead of just playing against 1 as it was before.
- Multiple Raffles - Create up to 10 raffles at once!
* Auto-Spin option on the Wheel - Now you can just let it spin and watch (or chat) and let the Wheel do it's magic!
* Wheel Levels and Rewards:
The Wheels are unlocked after achieving the following requirements:
- x2 Wheel - The player must make 200 spins on the x3 Wheel to unlock the x2 Wheel. Reward: 200 Satoshi.
- x5 Wheel - The player must make 500 spins on unlocked wheels to unlock the x5 Wheel. Reward: 500 Satoshi.
- x10 Wheel - The player must make 1000 spins on unlocked wheels to unlock the x10 Wheel. Reward: 1000 Satoshi.
- x15 Wheel - The player must make 1500 spins on unlocked wheels to unlock the x15 Wheel. Reward: 1500 Satoshi.

-----------------------------------------------------------------------------------------------------------------------------------------

Peerbet.org - the first online gambling platform with zero house edge and without negative profit expected value for the players! It is really free: players compete against each other, not against the gambling site and there are no hidden costs or commissions. 100% of the revenue comes through ads.

In any casino or online gambling site like Just-Dice with non-zero house edge players will always lose playing long term, but in the truely zero-sum game (i.e. where no house edge or any other commission fees applied) players will NOT lose anything playing infinite long.

We offer raffle-style game in which users can create rounds with an arbitrary number of tickets (from 2 tickets to 10 million) and the price for a single one (from 1 Satoshi). This allows to choose any winning odds and profit expectation. When a game is created, players can start buying tickets and the game will be complete when all tickets sold and next Bitcoin block generated.

Peerbet is provably fair. When a game is created, we generate a random nonce and publish its SHA-1 hash. When this game is complete (all bets are made), we wait for the next Bitcoin block, and then concatenate its hash with the nonce's plaintext and use this value to determine the winner. This approach lets you to ensure that the Peerbet operator cannot possibly change the outcome of the game before it completes, or even to know its results ahead of time.

We store wallet with all funds off-site on the encrypted HDD and have its backup copy. Every 24 hours we perform backup of the database. Even if the server will be hacked, no funds will be lost. White hat hackers are welcome to check security of the server and report any vulnerabilities to me.

Good luck playing!
https://peerbet.org

Peerbet is being owned and operated by Bit777!
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marcovaldo
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August 24, 2013, 01:45:48 PM
 #2

And how do you generate money then?
No paid advertising on the website except for bit777



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bit777
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August 24, 2013, 01:48:01 PM
 #3

And how do you generate money then?
No paid advertising on the website except for bit777


Our casino is profitable enough to support both sites, if that answers the question. Other than that, We have a lot of ideas how to monetize the site, but give us some time to learn the system first as it is still very new to us Wink
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August 24, 2013, 01:49:23 PM
 #4

Ok, thanks for the answer Smiley



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August 27, 2013, 09:52:02 AM
 #5

I am using Chrome to visit Peerbet, there is now a black bar (one that shows username and balance) that spans the width of the page which covers the green "create" button. I can't create raffles anymore...

It wasn't there a couple of days ago. Anyone else have the same problem?
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August 27, 2013, 11:22:31 AM
 #6

I am using Chrome to visit Peerbet, there is now a black bar (one that shows username and balance) that spans the width of the page which covers the green "create" button. I can't create raffles anymore...

It wasn't there a couple of days ago. Anyone else have the same problem?

You should hard refresh and retry. It must be fixed.
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August 27, 2013, 01:41:22 PM
 #7

In any casino or online gambling site like Satoshidice with non-zero house edge players will always lose playing long term, but in the truely zero-sum game (i.e. where no house edge or any other commission fees applied) players will NOT lose anything playing infinite long.

This section may need to be reworded. Unless your bankroll is infinite, you will eventually go bust if you play infinitely long. Even though the expectation value of each bet is 0, play long enough and you will eventually encounter a losing streak long enough to deplete your bankroll.
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August 27, 2013, 01:53:07 PM
 #8

In any casino or online gambling site like Satoshidice with non-zero house edge players will always lose playing long term, but in the truely zero-sum game (i.e. where no house edge or any other commission fees applied) players will NOT lose anything playing infinite long.

This section may need to be reworded. Unless your bankroll is infinite, you will eventually go bust if you play infinitely long. Even though the expectation value of each bet is 0, play long enough and you will eventually encounter a losing streak long enough to deplete your bankroll.

Nah, that's worded perfectly.

By playing infinitely (Which it's stating), one also assumes infinite access to money. With that they will, in the long run, always end up at square 1.
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August 28, 2013, 08:04:06 AM
 #9

I am using Chrome to visit Peerbet, there is now a black bar (one that shows username and balance) that spans the width of the page which covers the green "create" button. I can't create raffles anymore...

It wasn't there a couple of days ago. Anyone else have the same problem?

You should hard refresh and retry. It must be fixed.

I cleared the browser cache and rebooted. Same thing...

Then I realised it may be the resolution of my monitor (1024x768) which caused the webpage to be shifted around...
So I zoomed down to 90% (using Chrome) and "Create New Game" button is back!

Thanks!
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August 28, 2013, 06:04:34 PM
 #10

Peerbet is effectively down right now.
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August 28, 2013, 06:25:15 PM
 #11

Peerbet is effectively down right now.

Yes, we will move it to a stronger server shortly. Hopefully it will resolve the resource problems.
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August 30, 2013, 09:56:24 PM
 #12

Are you on-blockchain withdraws a bit fucked up right now or something?
According to my transactions list at Peerbet, I made a BTC0.9 withdraw from my account to 1NJUSTv7ikwJ33J6D8HLfAv1jz325BfnF9 on August 30, 2013 at 09:34. The amount disappeared from my balance, as usual.
After a while, I checked my Peerbet again. My withdraw listed in my Peerbet transactions was shown as processed, but there was no such transaction to my address on the blockchain. And for some reason, my balance increased by a lot, presumably by BTC0.9.

If anybody wants to check my transactions, I put the raw data at http://pastebin.com/G96FpbZu.
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August 30, 2013, 11:10:20 PM
 #13

Wait why are you posting this now - did peerbet change owners or something?

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August 31, 2013, 01:11:44 AM
 #14

Wait why are you posting this now - did peerbet change owners or something?

Why am I posting my issue now? Tongue I just realized that my withdraw didn't process Tongue
Did I do something wrong?
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August 31, 2013, 06:11:59 AM
 #15

Wait why are you posting this now - did peerbet change owners or something?

Why am I posting my issue now? Tongue I just realized that my withdraw didn't process Tongue
Did I do something wrong?


It will be processed shortly. Last night we left some transactions for the morning.
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August 31, 2013, 08:47:27 AM
 #16

Wait why are you posting this now - did peerbet change owners or something?

Why am I posting my issue now? Tongue I just realized that my withdraw didn't process Tongue
Did I do something wrong?

I think I'm missing one also.

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bit777
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August 31, 2013, 08:50:24 AM
 #17

https://blockchain.info/tx/d4b1e5e581ea85fcec6d712df1f95e0751c99ece4c989f4f52506d3cae736277
https://blockchain.info/tx/3d051d2962615d8d7b506814bbdc87dc95a63eaf2b83476d1c9922ff69cbac76

This is the latest payout from minutes ago.

If someone is missing something now, let me know.
Injust
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August 31, 2013, 10:33:29 AM
 #18


Yeah, lol. After my BTC0.9 withdraw didn't process, I made another withdraw of BTC0.5. Both of these are concerning my PB account Injust. The BTC0.5 withdraw also says processed Tongue But again, it's not in my wallet.
Ima gonna be emailing you.
bit777
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August 31, 2013, 10:40:56 AM
 #19


Yeah, lol. After my BTC0.9 withdraw didn't process, I made another withdraw of BTC0.5. Both of these are concerning my PB account Injust. The BTC0.5 withdraw also says processed Tongue But again, it's not in my wallet.
Ima gonna be emailing you.

I'll send it right now.
giantdragon
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August 31, 2013, 03:46:41 PM
 #20

Wait why are you posting this now - did peerbet change owners or something?
You are right, I sold Peerbet to Bit777.
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