bustabit – The original crash game

[devans]

Hey RHavar

I just visited a site named https://www.cryptobust.in/. They are letting users play with litecoins on their site. Seems a copy of your site bustabit.
On their faq page I found a link of  the topic posted by you many years ago https://bitcointalk.org/index.php?topic=922898.0.

So is it somehow connected to you or they are false claiming it?

cryptobust.in is not affiliated with bustabit and has not purchased a license to use our code. There is also a very credible scam accusation against them here.

If you're ever wondering whether or not a site has purchased a license, you can check if they are listed in the file at https://www.bustabit.com/license.txt.

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[Dutchyyy]

Why did you removed the bonus system?!

This was the only huge difference than other 'dice' type platforms and the only way to become a winner in long run! And the only reason to play bustabit... to try being a winner over others.

[BTCevo]

Why did you removed the bonus system?!

This was the only huge difference than other 'dice' type platforms and the only way to become a winner in long run! And the only reason to play bustabit... to try being a winner over others.

With current high price of bitcoin, bonus will be really unaffective to their site, because they need to give an extra percentage for every single bet that you make which is really wasting their bankroll if it continues like this. This bonus is almost the same like faucet, the only difference is it can't be abused

[DarkDays]

Why did you removed the bonus system?!

This was the only huge difference than other 'dice' type platforms and the only way to become a winner in long run! And the only reason to play bustabit... to try being a winner over others.

With current high price of bitcoin, bonus will be really unaffective to their site, because they need to give an extra percentage for every single bet that you make which is really wasting their bankroll if it continues like this. This bonus is almost the same like faucet, the only difference is it can't be abused

That's not even close to what the bonus is.

[Dutchyyy]

Why did you removed the bonus system?!

This was the only huge difference than other 'dice' type platforms and the only way to become a winner in long run! And the only reason to play bustabit... to try being a winner over others.

With current high price of bitcoin, bonus will be really unaffective to their site, because they need to give an extra percentage for every single bet that you make which is really wasting their bankroll if it continues like this. This bonus is almost the same like faucet, the only difference is it can't be abused

That's not even close to what the bonus is.

What do you mean that wasn't even closet to that? The bonus was the only chance of players to beat the house edge on long run and it was pretty interesting competing with other players for higher multiplier after every round (guessing what they will set on next).

[oHnK]

What do you mean that wasn't even closet to that? The bonus was the only chance of players to beat the house edge on long run and it was pretty interesting competing with other players for higher multiplier after every round (guessing what they will set on next).

Yet I doubt most player even try to 'win' by taking advantage of the bonus. It was the only chance and now it is gone but that doesnt mean you are going to lose every single time you play in the site. Enjoy the new bustabit anyway 

[btcinvesttt3]

At one point, I remember seeing the bankroll be minus 280 bitcoin and over minus 35% of the bankroll!



Does this mean that anyone who had offsite investment of 2 or 3 leverage lost all of their original investment?

[DarkDays]

Why did you removed the bonus system?!

This was the only huge difference than other 'dice' type platforms and the only way to become a winner in long run! And the only reason to play bustabit... to try being a winner over others.

With current high price of bitcoin, bonus will be really unaffective to their site, because they need to give an extra percentage for every single bet that you make which is really wasting their bankroll if it continues like this. This bonus is almost the same like faucet, the only difference is it can't be abused

That's not even close to what the bonus is.

What do you mean that wasn't even closet to that? The bonus was the only chance of players to beat the house edge on long run and it was pretty interesting competing with other players for higher multiplier after every round (guessing what they will set on next).

He was insinuating that it was a bonus, like a deposit bonus.  The bonus on BaB was a neutral-ev (for the site) component.

[RHavar]

Does this mean that anyone who had offsite investment of 2 or 3 leverage lost all of their original investment?

Not quite sure, but there's been some pretty insane volume and variance happening. I think the site profit swung between -350 and 0 and back to -80 in a day. (or something like that?). Would be nice to see some public stats appearing and that, as I think BaB has been doing like >4000 BTC a day for the last few days

I did notice that my stake % in the bankroll did jump a little, so I'm guessing that at least someone got margin-called.

[btcinvesttt3]

Does this mean that anyone who had offsite investment of 2 or 3 leverage lost all of their original investment?

Not quite sure, but there's been some pretty insane volume and variance happening. I think the site profit swung between -350 and 0 and back to -80 in a day. (or something like that?). Would be nice to see some public stats appearing and that, as I think BaB has been doing like >4000 BTC a day for the last few days

I did notice that my stake % in the bankroll did jump a little, so I'm guessing that at least someone got margin-called.

How has a site that is only 1 week old lost 35% and allow for people to get margin called at 2+ leverage when you preach safe bankroll measures?

[RHavar]

How has a site that is only 1 week old lost 35% and allow for people to get margin called at 2+ leverage when you preach safe bankroll measures?

Bustabit is a site with ~4 years of history and a huge player base. I think without a doubt it is the bitcoin casino with the most volume, at the moment. Allowing bets bigger than 1 BTC was very frequently requested by the whales, and now it has been done for the first time -- there is a lot of action. So honestly there's no surprise there's been huge swings. I saw dozens of rounds that had more than 20 BTC in play.

I mean, when I ran the site there was at least one month with swings significantly over 400 bitcoin. As an investor, I would brace for swings much bigger than that now as the volume and bet sizes right now seems to be dwarfing what we previously had


I'd honestly be extremely cautious about using offsite unless you're prepared to watch your investment a lot, and top up your investment as needed. There's nothing really safe about investing in a casino bankroll (that's why the casino offers it: it pays you in in EV to eat the variance) so using offsite for anything other than lower your counter-party risk is something I'd strongly advise against.


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There were some excellent simulations created by another investor (which was sent to me privately, so I'm not sure if I can share). But there's really a non-negligible chance that you can easily lose the majority of your investment due to the swings. If you can afford that risk, it's a pretty good deal (imo) as there is some great expected bankroll growth and expected profit prospects. But it's certainly not a charity, the entire reason that the site is willing to give up 75% of it's expected profit is because it can't (or doesn't want to) take that risk itself.

[NLNico]

Would be nice to see some public stats appearing and that, as I think BaB has been doing like >4000 BTC a day for the last few days

My site tracks the stats again since a few days: https://dicesites.com/bustabit Wagered is indeed massive, 8135 BTC on just last Friday. Note: profit on my site is not yet in sync with on-site profit (not sure why, probably need to do some commission recalculation.)

[RHavar]

Would be nice to see some public stats appearing and that, as I think BaB has been doing like >4000 BTC a day for the last few days

My site tracks the stats again since a few days: https://dicesites.com/bustabit Wagered is indeed massive, 8135 BTC on just last Friday. Note: profit on my site is not yet in sync with on-site profit (not sure why, probably need to do some commission recalculation.)

Oh very cool! Didn't know stats were (yet) exposed. 

[xxjumperxx]

I dont know if this has been asked before, but will we be getting Shiba back?

I miss Shiba!

[devans]

I dont know if this has been asked before, but will we be getting Shiba back?

I miss Shiba!

Yes!

I have ported Shiba to v2 and submitted a pull request to its maintainer, so it shouldn't be much longer until Shiba returns.

[xxjumperxx]

Awesomeness! 

Thanks! 

[dragonmaster2]

Site just dropped another 500 btc. It dropped over 700 at one point (over 35% of the bankroll)!

[RHavar]

It's now up a net of 50 BTC. I think that makes for like an 850 BTC swing. New record?

[rockorangebear]

I'm selling my account which has 172.5 btc of dilution fee credit (you can invest up to 172.5 without paying the 10% dilution fee).

We can use a trusted 3rd party for the exchange.

If anyone is looking to invest a significant amount into the bankroll, contact me: rockorangebear@gmail.com

[NLNico]

Fun fact: last Tuesday my site recorded 25,160 BTC wagered on bustabit.. that is the highest wagered I ever recorded on my site for any site. It is just before Betking's 24,711 BTC wagered back in 2015 (and with exchange rate it's a massive $215M vs $6M in 2015.) All in 1 chart (blue spike = betking, brown spike = primedice, last purple spike is bustabit):



I believe the highest daily BTC wager ever was an insane 1,553,357 BTC on Just-Dice at 29 Sep 2013. However, with an exchange rate of $127, that's $197M. So in dollar-terms Bustabit, with $215M, actually had more wagered last Tuesday than that day on Just-Dice (and therefor most likely most wagered ever on any bitcoin gambling site in dollar value.)

Congrats