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Author Topic: bustabit – The original crash game  (Read 56043 times)
xxjumperxx
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December 22, 2020, 09:47:43 AM
Merited by malevolent (2)
 #1801

Investing in bustadice is an insanely good deal right now. Wouldn't be surprised to see the bankroll at 3K+ BTC within a few weeks.

That is the question, is it worth it investing in Bustadice over Bustabit?
Yes the Bankroll might be smaller und +EV, but the Wager Volume is just so much higher on Bustabit...

Wager Volume Bustadice
https://dicesites.com/bustadice

Wager Volume Bustabit
https://dicesites.com/bustabit


It is interesting to see the decrease in volume because of the Bitcoin Pump... Cheesy
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December 22, 2020, 11:35:54 AM
 #1802

Whether it's under or over EV doesn't really matter in terms of investing. That's just gambler's fallacy. The EV from any point onwards will always be the same (1%). But yeah, bustabit's volume is definitely way better. I think the massive change in EV is certainly a factor to consider though despite the differing site activity levels.

Also, the wagered amount in absolute purchasing power (USD) has increased despite BTC wagers decreasing. The former is probably a more relevant metric.

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December 22, 2020, 03:22:00 PM
 #1803

Did the Bankroll really jump up this high, that fast between these 2 posts?  Shocked

I think the bankroll hasn't changed too much. It's just the bustabit has used the terminology "bankroll" to mean "onsite + offsite", and on the 15th of December everyones offsite was set to 0 (and they were given dilution fee credits for that amount). So the bankroll dropped a lot, but the amount "onsite" stayed the same.

It'd be nice if the /stats page showed the commission directly, but currently the bankroll is 4956 BTC, which means the commission is 49.56% (or slightly less than before the change). On bustadice, the bankroll is considerably smaller (1977 BTC) which means commissions massively dropped to 19.77%.

Investing in bustadice is an insanely good deal right now. Wouldn't be surprised to see the bankroll at 3K+ BTC within a few weeks.
It is really awesome that people do not stop putting money into bustabit because they like it and they trust it, however it is also a way of showing that bustabit is a profitable thing to put your money into. Think about it this way, it is so profitable that bustabit itself had to tell people to stop investing, I understand that it is not "stop investing" that they are saying, they are doing other stuff but basically that's what it comes down to, why? Because it is sooo profitable that people literally kept investing and investing and investing reaching to a point where it wasn't really that profitable anymore, since there were 10k+ bitcoins invested at one point, which is why they had to put a stop on it, they couldn't handle more. So, I would say keep investing if you can, because you are not going to find much better returns anywhere else.

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RHavar
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December 22, 2020, 04:59:04 PM
Merited by DarkStar_ (5), malevolent (3)
 #1804

Investing in bustadice is an insanely good deal right now. Wouldn't be surprised to see the bankroll at 3K+ BTC within a few weeks.

Interesting. Let me try roughly calculate it:

Quote
function calcReturns(dailyWagered, siteBankroll) {
  const commission = Math.min((1 + siteBankroll) / 10e3, 1);
  const stake = 1 / (1 + siteBankroll);
  let ev = dailyWagered*365 * 0.01 * stake

  ev -= ev * commission


  console.log("Yearly returns of 1 btc: ", ev, " btc");
}

It's not a perfect formula, but i think it's correct enough (?!).

So trying for Bustabit (i'm just guestimating 400 btc a day volume, not sure how accurate that is):
Quote
calcReturns(400, 5021)
Yearly returns of 1 btc:  0.14472082835523695  btc

and trying for Bustadice (i'm just guestimating 100 btc a day volume, not sure how accurate that is):
Quote
calcReturns(100, 1941.9)
Yearly returns of 1 btc:  0.15136350301096296  btc

Check out gamblingsitefinder.com for a decent list/rankings of crypto casinos. Note: I have no affiliation or interest in it, and don't even agree with all the rankings ... but it's the only uncorrupted review site I'm aware of.
xxjumperxx
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December 22, 2020, 06:23:39 PM
 #1805

Thanks RHavar for explaining and calculating it with numbers! Sure looks like a great investment in both of the sites. Didnt expect the profit to be a bit higher on Bustadice!

Thanks, will be sure to check out investing on Bustadice!
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December 22, 2020, 07:40:13 PM
 #1806

Investing in bustadice is an insanely good deal right now. Wouldn't be surprised to see the bankroll at 3K+ BTC within a few weeks.

Interesting. Let me try roughly calculate it:

Quote
function calcReturns(dailyWagered, siteBankroll) {
  const commission = Math.min((1 + siteBankroll) / 10e3, 1);
  const stake = 1 / (1 + siteBankroll);
  let ev = dailyWagered*365 * 0.01 * stake

  ev -= ev * commission


  console.log("Yearly returns of 1 btc: ", ev, " btc");
}

It's not a perfect formula, but i think it's correct enough (?!).

So trying for Bustabit (i'm just guestimating 400 btc a day volume, not sure how accurate that is):
Quote
calcReturns(400, 5021)
Yearly returns of 1 btc:  0.14472082835523695  btc

and trying for Bustadice (i'm just guestimating 100 btc a day volume, not sure how accurate that is):
Quote
calcReturns(100, 1941.9)
Yearly returns of 1 btc:  0.15136350301096296  btc


From these 2
https://dicesites.com/bustadice
https://dicesites.com/bustabit

It gives, for 2020 : around 750 btc / day for bab and 208 for bustadice (I took the total wagered today and subtracted the total in Jan 1st and divided by 365).

This should gives you better results Smiley
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December 23, 2020, 12:51:28 AM
 #1807

From these 2
https://dicesites.com/bustadice
https://dicesites.com/bustabit

It gives, for 2020 : around 750 btc / day for bab and 208 for bustadice (I took the total wagered today and subtracted the total in Jan 1st and divided by 365).

This should gives you better results Smiley

If you did that, you'd get:
Code:
Yearly returns of 1 btc:  0.27135155316606935  btc
for bustabit, and:

Code:
Yearly returns of 1 btc:  0.314836086262803  btc
for bustadice.


However considering how much bitcoin has gone up recently, I don't think people will continue wagering nearly the same amount (when measured in btc). FWIW earlier today in the chat Daniel said he guesses yearly p.a. yields are going to be around 13%. I'm not sure how he calculated it, but it's reasonably close to my first estimate.


But seems like no matter how you cut it, bustadice is offering better yields than bustabit.

Check out gamblingsitefinder.com for a decent list/rankings of crypto casinos. Note: I have no affiliation or interest in it, and don't even agree with all the rankings ... but it's the only uncorrupted review site I'm aware of.
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December 24, 2020, 09:29:34 AM
 #1808

^^Jesus Christ and everything holy, those returns are insane. The "low" version is 15% return on bitcoin, and also lets remember bitcoin is something that increases meanwhile as well, the one that happened is nearly 30% returns, and it is still in bitcoin. Bitcoin went from 7k to as high as 24k this year, obviously we can't calculate 30% from 24k but we can't do that from 7k neither, lets take out about average 15-16k levels and say that you could have made another 5k per bitcoin from the investment, plus another 14k or so from the increase as well.

Basically if you invested into bitcoin at the start of the year, put it all on bustabit or bustadice at the first day, you would have nearly 30k money right now. That is really not something anyone would even guess, that is way too much money. This is the reason why bustabit and bustadice has endless amount of money constantly invested into them.

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December 24, 2020, 10:30:34 AM
 #1809

Those are optimal conditions and whats makes Bustabit, Bustabit.
I have seen my small investment take a couple of hits when whales came out to play so there is always the risk that a whale comes to play, wins and leaves the site and takes them bitcoin with him...
Bustabit has been good to us, thats true!
But, it can also change when someone wins short term and leaves!
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December 25, 2020, 01:41:02 AM
Last edit: December 25, 2020, 02:29:54 AM by StackGambler
 #1810

Investing in bustadice is an insanely good deal right now. Wouldn't be surprised to see the bankroll at 3K+ BTC within a few weeks.

Interesting. Let me try roughly calculate it:

Quote
function calcReturns(dailyWagered, siteBankroll) {
  const commission = Math.min((1 + siteBankroll) / 10e3, 1);
  const stake = 1 / (1 + siteBankroll);
  let ev = dailyWagered*365 * 0.01 * stake

  ev -= ev * commission


  console.log("Yearly returns of 1 btc: ", ev, " btc");
}

It's not a perfect formula, but i think it's correct enough (?!).

So trying for Bustabit (i'm just guestimating 400 btc a day volume, not sure how accurate that is):
Quote
calcReturns(400, 5021)
Yearly returns of 1 btc:  0.14472082835523695  btc

and trying for Bustadice (i'm just guestimating 100 btc a day volume, not sure how accurate that is):
Quote
calcReturns(100, 1941.9)
Yearly returns of 1 btc:  0.15136350301096296  btc


Thanks for running the numbers, interesting stuff!

Edit: also wanted to note, on behalf of someone in chat, that bustabit has been "Paused" for about the last 30 minutes

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December 25, 2020, 02:19:39 AM
 #1811

If you did that, you'd get:
Code:
Yearly returns of 1 btc:  0.27135155316606935  btc
for bustabit, and:

Code:
Yearly returns of 1 btc:  0.314836086262803  btc
for bustadice.

Wow, that was really a good income from both bustabit and bustadice. I was planning to invest on it but doesn't know how to calculate possible return this was really helpful for me.

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December 25, 2020, 05:38:51 AM
 #1812

Visited bustabit for a while, and i saw this on chat box


Whatever it was true or not, but it seems daniel has rained a lot on bustabit few hours ago. Did anyone also got the rain?  Grin

Merry Chrismast for all of us!

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December 25, 2020, 06:06:40 AM
 #1813

Whatever it was true or not, but it seems daniel has rained a lot on bustabit few hours ago. Did anyone also got the rain?  Grin
Wow, that's what I call a great Christmas surprise. 5000 bits are really valuable at the current rate, I think it's a great donation from Daniel.

I was unfortunately not online at the time, but the rain drop has not missed its effect, people are still talking about it Smiley

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xxjumperxx
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December 25, 2020, 11:43:19 PM
 #1814

I wasnt online but Daniel raining bits is an awesome thing to do! The reason why people love the site and keep coming back or well just stay there.
Its the small random things that he does and how he runs the site.

Congrats to everyone that won and dont lose it all at once!

Merry Christmas!
malevolent
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December 25, 2020, 11:56:30 PM
 #1815

I think he rained because the site was partially down for a while (all rounds were paused), unfortunately I missed the rain but congrats to those that stayed long enough.

TheGreatPython
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December 26, 2020, 06:55:38 PM
 #1816

If you did that, you'd get:
Code:
Yearly returns of 1 btc:  0.27135155316606935  btc
for bustabit, and:

Code:
Yearly returns of 1 btc:  0.314836086262803  btc
for bustadice.

Wow, that was really a good income from both bustabit and bustadice. I was planning to invest on it but doesn't know how to calculate possible return this was really helpful for me.
Think about it this way, if you invested 7 thousand dollars into bitcoin at the start of the year and got 1 bitcoin. You would have 1.3 bitcoins right now and that would worth ~$33k right now. That is why investing into bustabit is great and it will always be great, plus it gives you hedge against the drop as well. Let's assume the price dropped right?

I would only have to make that back from here or I could at least make some of it back. So, if there is some increase in my profit here, but the bitcoin price drops a bit more, I would still be down but I would be down less than other people. I haven't invested into bustabit all that much, but from now on I am going to start, and with the off-site now being not available I believe it is time for the onsite to get a lot more famous as well, no matter how much bustabit charges, it is still going to be profitable.

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December 27, 2020, 12:38:08 AM
Merited by GamblingSiteFinder (2)
 #1817

use original android app

Snip
BUSTABIT DOESN'T HAS ANY APPS!

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December 28, 2020, 01:35:30 PM
 #1818

Exactly!
Dont use any apps there are no apps and I dont think Daniel plans on developing one. There is no need since the site is so simple and the layout on mobile is already good enough.
Google just lets anyone make an app and have it published in App Store. So much Scam.
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December 28, 2020, 01:52:34 PM
 #1819

Exactly!
Dont use any apps there are no apps and I dont think Daniel plans on developing one. There is no need since the site is so simple and the layout on mobile is already good enough.
Google just lets anyone make an app and have it published in App Store. So much Scam.

We need to understand this and if there is a bustabit application in the playstore or appstore then it can be said to be fake, the developer does not intend to launch it and it is true, with the layout in the android version it is good so what are the applications for again, and this is rare now gambling sites crypto has a special application.

Remember that there are always ways to scamers, so you have to follow the discussion here to know more about how and what happened, as conveyed by @jaggernaut, which has warned us that there are phishing sites scattered on Google.

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December 29, 2020, 04:27:24 PM
 #1820

We need to understand this and if there is a bustabit application in the playstore or appstore then it can be said to be fake, the developer does not intend to launch it and it is true, with the layout in the android version it is good so what are the applications for again, and this is rare now gambling sites crypto has a special application.

Remember that there are always ways to scamers, so you have to follow the discussion here to know more about how and what happened, as conveyed by @jaggernaut, which has warned us that there are phishing sites scattered on Google.
Especially in app store because that is usually not allowed, as far as I know casinos are not allowed on IOS which means we can never have bustabit on our iphones for sure. Androids are a different breed, even if it is not allowed you could download the apk and have anything you want, without any store, but that is even riskier than usual.  At the end of the day as long as the website itself doesn't promote an app, there is really no reason to use one you found online as the original and legit one. This is not even just for bustabit neither, this works for everything else as well.

I have seen plenty of fake exchange apps where they get everything the regular website asks and they use that to login into your real account and steal everything from you. Which is why all around crypto world, all around online world actually, do not use anything that is not officially published.

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