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Author Topic: bustabit – The original crash game  (Read 54448 times)
Timetwister
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March 05, 2019, 05:45:10 AM
 #481

That makes me think that maybe a promotion in which whoever is the first to multiply per say 100000 gets a prize, could work well. It wouldn't just encourage people to play because of the extra prize (it could be some kind of jackpot that increases very slowly, say 0.01% of wagered), but then it would be good advertising as someone would had won a lot with a small bet. The prize would have to be proportional to how much you are betting, like at Crypto-Games.

The only problem I can imagine is that it may entice people to make lower bets than they would so that they can hit that jackpot before their bet is stopped because of reaching max profit.

Another idea would be the same but hitting some special multipliers, like say 7777.

This kind of promotions are in some way better than wagering ones because you are encouraged to keep playing all the time (in wagering competitions people may lose interest if they see they can't win, while this can be won by anyone at any round).

Although Bustabit is very popular, I think it's worth trying some different promotions with small prizes so that it can keep growing. Just because it's working well it doesn't mean it couldn't work even better. Don't be conformist, devans!

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Kakmakr
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March 05, 2019, 06:36:58 AM
 #482

That makes me think that maybe a promotion in which whoever is the first to multiply per say 100000 gets a prize, could work well. It wouldn't just encourage people to play because of the extra prize (it could be some kind of jackpot that increases very slowly, say 0.01% of wagered), but then it would be good advertising as someone would had won a lot with a small bet. The prize would have to be proportional to how much you are betting, like at Crypto-Games.

The only problem I can imagine is that it may entice people to make lower bets than they would so that they can hit that jackpot before their bet is stopped because of reaching max profit.

Another idea would be the same but hitting some special multipliers, like say 7777.

This kind of promotions are in some way better than wagering ones because you are encouraged to keep playing all the time (in wagering competitions people may lose interest if they see they can't win, while this can be won by anyone at any round).

Although Bustabit is very popular, I think it's worth trying some different promotions with small prizes so that it can keep growing. Just because it's working well it doesn't mean it couldn't work even better. Don't be conformist, devans!



The thing is, this does not happen a lot and for this to be successful, people should hit that kind of jackpot on a regular basis to encourage other people into doing the same thing. I would much rather introduce a bunch of smaller jackpots for people who reached different multipliers. <Example : Extra 10% if you reach say 20 000x and 20% if you reach 50 000x etc.>

They should also introduce a automatic tip bot that distributes 5% of the winnings to everyone that are online, when people hit jackpots like this. <active users, not idle>  Wink

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Timetwister
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March 05, 2019, 07:04:22 AM
 #483

That makes me think that maybe a promotion in which whoever is the first to multiply per say 100000 gets a prize, could work well. It wouldn't just encourage people to play because of the extra prize (it could be some kind of jackpot that increases very slowly, say 0.01% of wagered), but then it would be good advertising as someone would had won a lot with a small bet. The prize would have to be proportional to how much you are betting, like at Crypto-Games.

The only problem I can imagine is that it may entice people to make lower bets than they would so that they can hit that jackpot before their bet is stopped because of reaching max profit.

Another idea would be the same but hitting some special multipliers, like say 7777.

This kind of promotions are in some way better than wagering ones because you are encouraged to keep playing all the time (in wagering competitions people may lose interest if they see they can't win, while this can be won by anyone at any round).

Although Bustabit is very popular, I think it's worth trying some different promotions with small prizes so that it can keep growing. Just because it's working well it doesn't mean it couldn't work even better. Don't be conformist, devans!



The thing is, this does not happen a lot and for this to be successful, people should hit that kind of jackpot on a regular basis to encourage other people into doing the same thing. I would much rather introduce a bunch of smaller jackpots for people who reached different multipliers. <Example : Extra 10% if you reach say 20 000x and 20% if you reach 50 000x etc.>

They should also introduce a automatic tip bot that distributes 5% of the winnings to everyone that are online, when people hit jackpots like this. <active users, not idle>  Wink

Jackpots are generally extremely unlikely to get and players still try to go for them, I don't see the issue. And you are talking about 20000 or 50000, which isn't that different (I even mentioned 7777 as another example, which would be hit once every a few days on average).

About paying out X% over the regular prize, it would have to be an extra amount that still makes it profitable for the casino. Otherwise you encourage "pros" to come and play only in positive expected value scenarios, something that is bad for the casino (removing the previous bonus system made sense because of this).
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March 05, 2019, 05:01:51 PM
 #484

Yeah, if there were suppose to be a jackpot it should be very rare and in case of many winners we can let it do its work over time. Yeah, very high amounts to hit is very unlikely and it would happen maybe once a month maybe once every 3-6 months who knows but in the end this website is not going anywhere anytime soon. So, even if it happened only once every 6 months that is twice a year, that means there would be 4 winners in 2 years, and 8 winners in 4 years.

4 years from now this website will still exist and we will be talking about those 8 people who won insane amount of money, which in return is great advertisement for the website for basically nothing. Jackpots suppose to be very unlikely events and that is why having it constantly would be going against the purpose of it.

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Kakmakr
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March 06, 2019, 05:57:27 AM
 #485

That makes me think that maybe a promotion in which whoever is the first to multiply per say 100000 gets a prize, could work well. It wouldn't just encourage people to play because of the extra prize (it could be some kind of jackpot that increases very slowly, say 0.01% of wagered), but then it would be good advertising as someone would had won a lot with a small bet. The prize would have to be proportional to how much you are betting, like at Crypto-Games.

The only problem I can imagine is that it may entice people to make lower bets than they would so that they can hit that jackpot before their bet is stopped because of reaching max profit.

Another idea would be the same but hitting some special multipliers, like say 7777.

This kind of promotions are in some way better than wagering ones because you are encouraged to keep playing all the time (in wagering competitions people may lose interest if they see they can't win, while this can be won by anyone at any round).

Although Bustabit is very popular, I think it's worth trying some different promotions with small prizes so that it can keep growing. Just because it's working well it doesn't mean it couldn't work even better. Don't be conformist, devans!



The thing is, this does not happen a lot and for this to be successful, people should hit that kind of jackpot on a regular basis to encourage other people into doing the same thing. I would much rather introduce a bunch of smaller jackpots for people who reached different multipliers. <Example : Extra 10% if you reach say 20 000x and 20% if you reach 50 000x etc.>

They should also introduce a automatic tip bot that distributes 5% of the winnings to everyone that are online, when people hit jackpots like this. <active users, not idle>  Wink

Jackpots are generally extremely unlikely to get and players still try to go for them, I don't see the issue. And you are talking about 20000 or 50000, which isn't that different (I even mentioned 7777 as another example, which would be hit once every a few days on average).

About paying out X% over the regular prize, it would have to be an extra amount that still makes it profitable for the casino. Otherwise you encourage "pros" to come and play only in positive expected value scenarios, something that is bad for the casino (removing the previous bonus system made sense because of this).

The 20 000x and 50 000x are just a number, it can be any high number pre-determined by the casino. So if someone, with a minimum bet of say 1000 Sat hits the 20 000x without a bust, then it adds say 5% more to their winning total. This will encourage people to stay in longer to hit that added bonus percentage.  Tongue 

The Casino will still make a profit, because a lot of people will "bust" more now, because they hold out longer for that "bonus" and Bustabit still manage their house edge.  Wink

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Timetwister
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March 06, 2019, 08:49:13 AM
 #486

The 20 000x and 50 000x are just a number, it can be any high number pre-determined by the casino. So if someone, with a minimum bet of say 1000 Sat hits the 20 000x without a bust, then it adds say 5% more to their winning total. This will encourage people to stay in longer to hit that added bonus percentage.  Tongue 

The Casino will still make a profit, because a lot of people will "bust" more now, because they hold out longer for that "bonus" and Bustabit still manage their house edge.  Wink

If you are giving 5% more than the regular prize (anything over the casino edge), playing becomes profitable for the players and a losing proposition for the casino. That's not a good system.
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March 07, 2019, 09:10:07 PM
 #487

If you give people 5% on top of the win for every time it does make the game favorable for the gambler and not the house however if you make it only for one person and only one x20000 or whatever than its only favorable for the player on one time in maybe months, how many times has the game hit over 20 thousand before ?

I don't know where to check but I am pretty sure it is rare and not common which means house will always make money from all other bets and will continue to reap profits from anything under 20 thousand and only give the house edge to the gambler in one occasion they beat over 20 thousand. It is not really that risky for the house but the better bet I believe is putting something small aside for each lost bet to give it to jackpot winner that way it can increase the longer its not won and can be promoted the bigger it gets.

.
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March 08, 2019, 04:26:36 AM
 #488

In investment how much is the minimum amount to invest?
And how to invest in your website I really like to invest in Bustabit for so long.

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March 08, 2019, 05:57:02 AM
 #489

If you give people 5% on top of the win for every time it does make the game favorable for the gambler and not the house however if you make it only for one person and only one x20000 or whatever than its only favorable for the player on one time in maybe months, how many times has the game hit over 20 thousand before ?

I don't know where to check but I am pretty sure it is rare and not common which means house will always make money from all other bets and will continue to reap profits from anything under 20 thousand and only give the house edge to the gambler in one occasion they beat over 20 thousand. It is not really that risky for the house but the better bet I believe is putting something small aside for each lost bet to give it to jackpot winner that way it can increase the longer its not won and can be promoted the bigger it gets.

It doesn't matter if the casino wins most of the times, as hitting a x20000 is unlikely. What matters is expected value, and in this case it's positive for the player, and therefore negative for the casino. If a promotion like that was implemented I would go from investor to player.
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March 08, 2019, 06:40:54 AM
 #490

Hey everyone,

Some people might already know me from bustadice, which launched last October. A little over a week ago I also acquired bustabit from Ryan and will be running it going forwards. Due to the change in ownership it was necessary to  generate a new hash chain and hold bustabit's second provably fair seed event, which you can find here.

I also took the opportunity to release version 2 of bustabit, a complete rewrite that is more scalable and brings a number of new features and improvements.

Removal of the bonus system
Both instant busts at 0.00x and the bonus have been removed and the house edge is now a flat 1 % (read below). Although the bonus was one of bustabit's most interesting features and I am sad to see it go, our experience has shown that most players didn't consider the bonus an important part of the game. Consequently only a handful of players benefited from the bonus at the expense of all other players that ignored it.

Despite the house edge being increased in v2, the majority of players are likely better off in terms of expected value thanks to the removal of the bonus system.

Investment system
bustabit is no longer privately bankrolled. Instead, anyone can invest in the bankroll to participate in the casino's profits (and losses). To fund further development, marketing and to turn a profit, we charge a 0.25 % commission on all wagers. To ensure that investors' profits remain predictable, the house edge is now a flat 1 %. Therefore, investors can expect to receive 75 % of the house's profits.

Just like in bustadice, the majority of funds are held in a multisignature cold wallet by myself, Ryan and a trusted third party. Investors may also choose to remain in control of some of their investment by making use of our offsite investment system, reducing their counterparty risk and increasing their liquidity.

New investors are charged a fee of 2 %, which is shared among existing investors. This compensates them for being diluted and encourages long-term investments into a stable bankroll.

Higher bet limits
To protect investors, the most a single player can win in one game is 0.75 % of the bankroll, in line with the Kelly criterion. If a player were to win more than that, he will be forced to cash out. In addition, if all players in a game combined would win more than 1.125 % of the bankroll, they are also forced to cash out. The bet limit has been raised from 1 BTC to be the same as the maximum per-player profit, allowing for significantly larger bets than previously.

As a result, high rollers can make larger bets and overall players will be forced to cash out less often.

Deposit precredits
Don't want to wait for your deposit to be confirmed? Precredit it for a small fee and start playing immediately!

Not all deposits are eligible to be precredited and your precredited balance cannot be withdrawn, tipped or invested until your deposit confirms.

Highly optimized withdrawal system
bustabit v2 makes full use Segwit for all of its addresses. In addition, withdrawals are processed using a sophisticated custom-built coin selection algorithm which provides fantastic privacy properties.

Since it also significantly lowers our transaction costs, we are able to pass those savings on to our players. Players that would like to save even more on fees have the option of choosing a non-immediate withdrawal, which is batched with others and even cheaper.

We are confident that no other service can currently provide cheaper Bitcoin withdrawals at cost.

Friend system
You can now add other players to your friend list to see when they are online. Friends are specially highlighted, making them easy to recognize in chat and in the game's player list.

If you want to discuss something in private, you can now do so using direct messages. To prevent spam, both players must add each other before they are able to send and receive each other's private messages.

Script editor
Scripts authors can automatically generate UI for configuration, allowing scripts to be shared and used more comfortable, especially by non-technical players.
We've also sandboxed the script editor, preventing malicious scripts from accessing the rest of the browser.

bustabit has always been one of my favorite. Are there many people who have joined the investment program? It seems alot more steadier now without the bonus program

CodyAlfaridzi
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March 08, 2019, 01:26:37 PM
 #491

In investment how much is the minimum amount to invest?
And how to invest in your website I really like to invest in Bustabit for so long.
The minimum investment amount is BTC0.01 (10,000 bits). Just go to their site, make account, deposit, click on "Bankroll" tab, and there you go.
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March 08, 2019, 03:02:59 PM
Last edit: March 08, 2019, 03:25:38 PM by ralle14
 #492

bustabit has always been one of my favorite. Are there many people who have joined the investment program? It seems alot more steadier now without the bonus program
Don't quote the first post just hit "reply" at the upper right if you want to ask a question.

I don't know how many people have invested in their bankroll but they do have a big bankroll.

Quote
Site's Bankroll:      6,243,842,849.53 bits
Site's Offsite:      3,029,708,246.38 bits
Site's Onsite:      3,214,134,603.15 bits
Site's Profit:      2,194,984,597.81 bits

If you want to see more stats about bustabit (daily/total wager, invested, profit) you can check this page.  

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March 08, 2019, 05:12:11 PM
Last edit: March 11, 2019, 07:47:07 PM by coinplus
 #493

-snip-
bustabit has always been one of my favorite. Are there many people who have joined the investment program? It seems alot more steadier now without the bonus program
Why would you copy ALL of the message and just write like a single message under it, it doesn't make sense, yeah if you were answering to someone that would work but you are literally taking the announcement and than writing a totally unrelated thing there.

I had investments time to time here and to answer your highly weirdly put question I can say that it changes day to day, some days you make a lot of money as investors which I assume because people lost a ton of money, some days you do not make so much, thankfully I never had a day where my investment got hit a lot by someone winning big but that could of course happen as well. The way the game is designed helps out people a lot so you could make profit from investing since the game is inclined to make money for the investors.
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March 09, 2019, 01:22:39 AM
 #494

I have been on bustabit for a several months. I am the admin of the biggest bustabit Discord server and would consider myself friends with Daniel as well as multiple other high rollers on the site.

I believe that Daniel is the most trusted person in the crypto space so far. I, personally, would trust him with my life. He has helped me out many times with tech problems. More on-topic, I have made deposits exceeding over 100 BTC total on bustabit. All of my withdrawals have been processed instantly. I can verify that bustabit is provably fair (I check games frequently myself), and I have never encountered anything shady whilst playing on the site.

I've also personally witnessed a frenemy of mine win over 1000 BTC, and he was able to withdraw without an issue. Other people have also won several hundred coins with no problems whatsoever. I've recently been scammed 4M Dogecoins from a different casino, and casino owners tend to leave a bitter taste in my mouth, but Daniel is trustworthy, funny and friendly. I can say without a doubt that bustabit is the best gambling site out there right now, and if you want a gambling experience that you can trust, then go for bustabit. I cannot stress enough how much I love this man and his site.

Keep up the good work, buddy. I hope you flourish as you have been doing. You're a genius and you deserve it.

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March 10, 2019, 10:50:50 AM
 #495

In investment how much is the minimum amount to invest?
And how to invest in your website I really like to invest in Bustabit for so long.
The minimum investment amount is BTC0.01 (10,000 bits). Just go to their site, make account, deposit, click on "Bankroll" tab, and there you go.
Thanks would definitely do this ,
I think this would be a great investment since I started playing in their site I always wanted to invest,
But back then I didn't know how and what is the minimum amount to invest.

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March 11, 2019, 07:48:32 PM
 #496

It is always great to hear good things about a casino out of nowhere. You see a lot of bad complaints about casinos and people do not hold back while they are complaining about a website, sometimes they even complain about something when its their own fault and casino did nothing wrong and the casino is forced to defend themselves for something they did not commit at all.

It is easy to spread rumor about how horrible a casino is and just leave, as long as you leave that stain it will be there no matter how much you wash it off. People who love a casino doesn't usually come in and just say "yeah this website is doing exactly what it suppose to do" because lets be honest being a good casino means not doing anything out of what you promise to do, nothing shady, no scamming, no withdraw issues, no bet cancelling, no stealing of funds, these are all things you would expect from a casino anyway so they do not come in and talk about it but at this day and age when all other casinos have issues and there are only few decent ones left we really need this type of good reviews as well.

I personally love playing here as well and NEVER had any issue, not just big, never had small tiny issues neither, always been perfect.
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March 11, 2019, 11:05:42 PM
 #497

Nice to read so many positive views about a website. Well done.

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March 12, 2019, 07:30:15 PM
 #498

It is to notify that CrashDoge, CrashingBitcoin, CrashingCrypto have misusing bustavit name to attract investors. Proper action should get against those scam projects.

Please take a look on this link to know details:
https://bitcointalk.org/index.php?topic=5119886.msg50134684#msg50134684


.

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March 13, 2019, 01:40:03 PM
 #499

Obviously a crash game but you must add all cryptocurrency for better service .if you udate those,i believe  its reach most popular game as soon as possible.
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March 13, 2019, 05:54:39 PM
 #500

It is to notify that CrashDoge, CrashingBitcoin, CrashingCrypto have misusing bustavit name to attract investors. Proper action should get against those scam projects.

Please take a look on this link to know details:
https://bitcointalk.org/index.php?topic=5119886.msg50134684#msg50134684


If you are paying attention to what this crash game about then you will find there are still more than what you just know. Bustabit is the first crash game ever and they made it open source last time and then suddenly many of similar sites coming up and made bustabit not into a good position as far as I know. But they create so many big winners already by then
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