bustabit – The original crash game

[devans]

Our web host is experiencing some issues. I've moved to a different provider in the meantime and you should be able to connect normally again.

[1714055571]

1714055571

[1714055571]

1714055571

[1714055571]

1714055571

[BTCevo]

Our web host is experiencing some issues. I've moved to a different provider in the meantime and you should be able to connect normally again.

Actually I still have this problem, because I cant connect it again when it said connecting, at some moment it keeps on disconnecting and keep doing this thing again and again. I can't even checked on the easternunion stats which is walk away with negative 160 btc. I never saw someone is really losing that huge amount before. He is profitting 50 btc before he crashed to -160 btc

[JasonFC]

Our web host is experiencing some issues. I've moved to a different provider in the meantime and you should be able to connect normally again.

Actually I still have this problem, because I cant connect it again when it said connecting, at some moment it keeps on disconnecting and keep doing this thing again and again. I can't even checked on the easternunion stats which is walk away with negative 160 btc. I never saw someone is really losing that huge amount before. He is profitting 50 btc before he crashed to -160 btc

That's probably just your internet connection. The website is working fine for me. Also, FWIW, the user "easternunion" currently holds a net profit of 159,917,517.85 bits, which is close to 160 BTC (profit).

[ahmadakbari]

Our web host is experiencing some issues. I've moved to a different provider in the meantime and you should be able to connect normally again.

Actually I still have this problem, because I cant connect it again when it said connecting, at some moment it keeps on disconnecting and keep doing this thing again and again. I can't even checked on the easternunion stats which is walk away with negative 160 btc. I never saw someone is really losing that huge amount before. He is profitting 50 btc before he crashed to -160 btc

That's probably just your internet connection. The website is working fine for me. Also, FWIW, the user "easternunion" currently holds a net profit of 159,917,517.85 bits, which is close to 160 BTC (profit).

I got confused.
I visited this link: https://www.bustabit.com/user/easternunion . The diagram shows that easternunion has earned nearly 160 BTC.
But the diagram posted in the previous page (https://bitcointalk.org/index.php?topic=2897545.msg52719381#msg52719381) shows that this user has lost 150 BTC.

[RHavar]

I got confused.
I visited this link: https://www.bustabit.com/user/easternunion . The diagram shows that easternunion has earned nearly 160 BTC.
But the diagram posted in the previous page (https://bitcointalk.org/index.php?topic=2897545.msg52719381#msg52719381) shows that this user has lost 150 BTC.

The chart that DarkStar_ posted is from https://dicesites.com/bustabit and showing investor's profit (and not players). So when a player wins X bitcoin, investors lose X bitcoin. If a player wins Y bitcoin, then investors get Y-commissions bitcoin.


BTW with the new commission structure, how does that affect dilution fees? Like say the site is at an ATH profit, and someone pays 1 BTC in dilution fees. Will bustabit take a 50% cut, or is it commission free?

[devans]

BTW with the new commission structure, how does that affect dilution fees? Like say the site is at an ATH profit, and someone pays 1 BTC in dilution fees. Will bustabit take a 50% cut, or is it commission free?

Dilution fees are neutral to the bankroll's overall profit, so they go to bankroll investors in their entirety without bustabit taking a cut.

[devans]

Our web host is experiencing some issues. I've moved to a different provider in the meantime and you should be able to connect normally again.

Actually I still have this problem, because I cant connect it again when it said connecting, at some moment it keeps on disconnecting and keep doing this thing again and again. I can't even checked on the easternunion stats which is walk away with negative 160 btc. I never saw someone is really losing that huge amount before. He is profitting 50 btc before he crashed to -160 btc

If the web site loads for you but you can't connect to the game it's not an issue with the web server. Send me a PM here on the forum with your user name and IP address (you can find it at http://icanhazip.com) and I'll have a look for you.

[thereg1]

months of investing profit rekt by PredictableLegacy

increasing betting limits and so increasing volatility like this isn't a good thing for people like me who wanted a half stable interesting place to put some of their btc. maybe you dont have much sympathy for investors but i have been recommending this site for a long time and I feel a bit sore. max bet doesn't need to be more than a few BTC as we are working with only 0.5% house edge, whales can easily come in like this and ruin it for us. I don't want to be the counterparty for huge bets, i would rather be in a pool against many smaller ones.

[malevolent]

Actually, volatility is lower now with how commissions are now calculated. With a lower max bet, the site would be less attractive to whales. Just how profits have been quite generous in the past, among other reasons due to whales leaving a lot of money behind, it also means that once in a while the pendulum can swing in the other direction. But as long as the site remains similarly popular it shouldn't be a problem, and the whale is still >600 BTC in the red. And he may well continue losing if he doesn't walk away.

[GamblingSiteFinder]

months of investing profit rekt by PredictableLegacy

increasing betting limits and so increasing volatility like this isn't a good thing for people like me who wanted a half stable interesting place to put some of their btc. maybe you dont have much sympathy for investors but i have been recommending this site for a long time and I feel a bit sore. max bet doesn't need to be more than a few BTC as we are working with only 0.5% house edge, whales can easily come in like this and ruin it for us. I don't want to be the counterparty for huge bets, i would rather be in a pool against many smaller ones.

Looking at my Bustabit bankroll investment certainly hurts right now, but let's be honest, if PredictableLegacy lost another ~550 BTC today, this would not be an issue. In fact, you'd probably be refreshing the page every two minutes jumping for joy. We all knew the risks when we joined the bankroll, I say bring on the variance!

But in the meantime, congrats PredictableLegacy on the massive win!

[DarkStar_]

months of investing profit rekt by PredictableLegacy

increasing betting limits and so increasing volatility like this isn't a good thing for people like me who wanted a half stable interesting place to put some of their btc. maybe you dont have much sympathy for investors but i have been recommending this site for a long time and I feel a bit sore. max bet doesn't need to be more than a few BTC as we are working with only 0.5% house edge, whales can easily come in like this and ruin it for us. I don't want to be the counterparty for huge bets, i would rather be in a pool against many smaller ones.

He did build up a lot of the investing profit though, he's still in a 600 BTC hole. Your best bet for very low volatility casino investments is probably Crypto-Games.net; there's a 0.5% max profit and low volume so you can have much slower but more stable growth.

[darewaller]

I don't understand how people can like the fact that they got 500+ btc in profits as a whole and then lost 100 and then suddenly decide volatility is bad. Its the same people who said bitcoin is a worthless useless made up thing when it went from 20k to 3k but never really seen them talk about how awesome it is then when it went to 20k to begin with.

Same logic, these people like to collect their profits, make a decent return but then the moment they start to lose money "the volatility bla bla bla", well I am sorry but when you are investing in a casino and a casino that has even profited you before, then you are taking the risk that sometimes people will win, it is gambling there are ups and downs, on the long run house will always win but there will be short bursts of wins like this.

[thereg1]

I don't understand how people can like the fact that they got 500+ btc in profits as a whole and then lost 100 and then suddenly decide volatility is bad. Its the same people who said bitcoin is a worthless useless made up thing when it went from 20k to 3k but never really seen them talk about how awesome it is then when it went to 20k to begin with.

Same logic, these people like to collect their profits, make a decent return but then the moment they start to lose money "the volatility bla bla bla", well I am sorry but when you are investing in a casino and a casino that has even profited you before, then you are taking the risk that sometimes people will win, it is gambling there are ups and downs, on the long run house will always win but there will be short bursts of wins like this.

I think if given the choice I would rather not be included in bets of say of over 5 btc. Smaller bets spread out the risk, I am not a gambler as such myself and I am relying on the house edge over many bets to slowly net a profit, I wouldn't 'all in' this btc on a bet I had slightly more than 50% chance of winning. I don't think I should be judged so harshly for not wanting my investment here to be so volatile. I have been happy with bustabit and I think daniel has done a great job, I just don't want to wake up rekt by whales if something similar happens again with the max bet so high. I have divested now, good luck with the site.

[RHavar]

I think if given the choice I would rather not be included in bets of say of over 5 btc. Smaller bets spread out the risk, I am not a gambler as such myself and I am relying on the house edge over many bets to slowly net a profit, I wouldn't 'all in' this btc on a bet I had slightly more than 50% chance of winning. I don't think I should be judged so harshly for not wanting my investment here to be so volatile. I have been happy with bustabit and I think daniel has done a great job, I just don't want to wake up rekt by whales if something similar happens again with the max bet so high. I have divested now, good luck with the site.

If your invested funds were only used for lots of low-risk bets, then Daniel would have absolutely no reason to even take your money Pretty much the only reason that bankroll investing even exists is because the site owner doesn't want to take the risk/variance themselves, so they give it to investors in exchange for some of the EV.

Unfortunately there's no free-lunch, and the sites that promise such (e.g. "bitcoin doublers") tend to be scams. But I think you did the right thing by divesting.

I think the good rule of thumb for bankroll investing, is never put more in than you're comfortable losing. It's been a long time since i've done it, but with a full-kelly of risk, my "angry whale" simulations show that the vast majority (like 80%???) of times an angry whale (someone with a lot more money than the site itself has, and determined to fuck the site) will be able to cause the site to lose >50% of the bankroll (the other 20% of the time, investors do extraordinarily well though ).

But yeah, the part that's quite unfortunate is that there's not always so much action. So you kind of get used to (and expect) the low volatility, and then a whale comes and drastically alters everything.

[dunfida]

I don't understand how people can like the fact that they got 500+ btc in profits as a whole and then lost 100 and then suddenly decide volatility is bad. Its the same people who said bitcoin is a worthless useless made up thing when it went from 20k to 3k but never really seen them talk about how awesome it is then when it went to 20k to begin with.

Same logic, these people like to collect their profits, make a decent return but then the moment they start to lose money "the volatility bla bla bla", well I am sorry but when you are investing in a casino and a casino that has even profited you before, then you are taking the risk that sometimes people will win, it is gambling there are ups and downs, on the long run house will always win but there will be short bursts of wins like this.

Get used to it.People doesnt really have that compliment when they are benefited but when the time comes that the situation turns up side down then
they do already starts to complain and saying up things negatively.House always wins but these big wins from players is inevitable which would mainly affect
investors side.So nothing surprises here!

[Timetwister]

I wish there were more whales, they make investing really profitable.

[JeromeTash]

I don't understand how people can like the fact that they got 500+ btc in profits as a whole and then lost 100 and then suddenly decide volatility is bad. Its the same people who said bitcoin is a worthless useless made up thing when it went from 20k to 3k but never really seen them talk about how awesome it is then when it went to 20k to begin with.

Same logic, these people like to collect their profits, make a decent return but then the moment they start to lose money "the volatility bla bla bla", well I am sorry but when you are investing in a casino and a casino that has even profited you before, then you are taking the risk that sometimes people will win, it is gambling there are ups and downs, on the long run house will always win but there will be short bursts of wins like this.

Those are people who don't understand the word "Risk" at all.
In the investment or Business world. Once you put out your money on something expecting some profit out it. It doesn't matter what kind of business it is, there is always a risk involved.

Naive People always want to focus on profits forgetting that losses can also happen at certain points.

[virasog]

I don't understand how people can like the fact that they got 500+ btc in profits as a whole and then lost 100 and then suddenly decide volatility is bad. Its the same people who said bitcoin is a worthless useless made up thing when it went from 20k to 3k but never really seen them talk about how awesome it is then when it went to 20k to begin with.

Same logic, these people like to collect their profits, make a decent return but then the moment they start to lose money "the volatility bla bla bla", well I am sorry but when you are investing in a casino and a casino that has even profited you before, then you are taking the risk that sometimes people will win, it is gambling there are ups and downs, on the long run house will always win but there will be short bursts of wins like this.

Those are people who don't understand the word "Risk" at all.
In the investment or Business world. Once you put out your money on something expecting some profit out it. It doesn't matter what kind of business it is, there is always a risk involved.

Naive People always want to focus on profits forgetting that losses can also happen at certain points.

All business involve the risk but the crash games are more risker than ever. Anyone who comes to play the crash games should understand that it can make him big loss too.  However incipite of all the risk, I like to play bustabit  crash games as it has a lot of fun playing the game.
Finally its our money and we can spent/risk in what ever way we want.

[redsun114]

All business involve the risk but the crash games are more risker than ever. Anyone who comes to play the crash games should understand that it can make him big loss too.  However incipite of all the risk, I like to play bustabit  crash games as it has a lot of fun playing the game.
Finally its our money and we can spent/risk in what ever way we want.

Yeah and considering there is a house edge in this game it means you will profit no matter what, there is absolutely no way you will lose money investing into this casino, sure you can lose if you get in and someone wins big and you get out, but as long as you stay as long as required you will always make money for sure.

That is the trick, you have to wait and if you wait enough eventually you will make money however some people get too afraid and leave too early and they may end up with some loss but the logic here is to have house edge on your favor (which we do) and wait, sure there could be times when profit goes down but in general there is literally no technical way that we don't make a profit, maybe there will be a huge loss one day but wait it out and you will be in profit for sure.

[malevolent]

Yeah and considering there is a house edge in this game it means you will profit no matter what, there is absolutely no way you will lose money investing into this casino, sure you can lose if you get in and someone wins big and you get out, but as long as you stay as long as required you will always make money for sure.

That is the trick, you have to wait and if you wait enough eventually you will make money however some people get too afraid and leave too early and they may end up with some loss but the logic here is to have house edge on your favor (which we do) and wait, sure there could be times when profit goes down but in general there is literally no technical way that we don't make a profit, maybe there will be a huge loss one day but wait it out and you will be in profit for sure.

It's not guaranteed, a very rich gambler with a lucky streak can still wipe out the bankroll, even if it's unlikely at current max profit per bet to bankroll ratios. Or it may take very long time for the investors to recover their losses if for some reason the site loses popularity after a whale leaves with a lot of bitcoins. People who have offsite bankroll should be especially careful; 400 BTC left the offsite bankroll yesteday or so.
But as things stand, PredictableLegacy just lost 200 BTC.