bustabit – The original crash game

[darewaller]

-snip-
This guy is definitely a whale and have tons of coins on his stash.

I strongly assume that for this player the 300 BTC is only a fraction of his assets and he sees this stack as play money, just like when we bet $10 worth of BTC
If somebody accumulated thousands of BTC in the early days of Bitcoin, he probably has already afforded everything he ever wanted to afford. With such a large financial cushion, the 300 BTC are bearable should he actually lose them.

On the other hand I imagine the time from clicking the button to the display of the result as really exciting when you know you might have just lost 4 million USD

What you have to realize is money is money and doesn’t matter how much of it you have as long as you have it that is still money that could do the same thing. This dude is betting a luxury villa or maybe even a cheap castle amount of money each bet! That is big money even if you are a super rich person.

Thousands of bitcoins total makes a very big amount and I rather not spend that on gambling even if I was incredibly rich, I would rather spend that money on investment or real estate or something else, that makes more sense. Just because someone is a whale doesn’t mean him spending this much on each bet is easy choice, he could lose a whole lot of money no matter how much money you have losing a whole building worth of money is never easy.

[VanityWallets2015]

It's been a while since I've played in Bustabit it looks like nothing much have changed on it.
It is still the same thing the time I change my type of game which is Sports betting right now I'm planning to go back to Bustabit.
Looks like a whale is popping around from time to time just to get some Bitcoin and goes away.

[malevolent]

4.36 million USD on 1 crash bet

how come there isn't 1000's of bustabit video machines in las vegas. yet.... or 1000's of dice machines

Are there any video gambling machines in use by casinos with a house edge as low as 1%? Also, would enough traditional gamblers be even interested in this type of gambling machines to make it worth it? I imagine there's more red tape involved in the traditional casino business.

This wangtang dude is doing something else, when I checked it out dude had like 8k+ bets wagered so far, and considering the price of bitcoin, I could easily say that this dude is probably the biggest gambler in the whole world, he has also earned much more than I could ever guess during this period as well, the weirdest one came with his 19.51x bet on a huge wager where he won like 600 bitcoins I think, or 60? Whatever it was, dude is straight up balling right now, it is not even remotely close to each other at all.

Max profit is 1% of the total bankroll (online + offline), so 60 BTC is possible (if the bankroll had been a bit smaller), but not 600.

[janggernaut]

This wangtang dude is doing something else, when I checked it out dude had like 8k+ bets wagered so far, and considering the price of bitcoin, I could easily say that this dude is probably the biggest gambler in the whole world, he has also earned much more than I could ever guess during this period as well, the weirdest one came with his 19.51x bet on a huge wager where he won like 600 bitcoins I think, or 60? Whatever it was, dude is straight up balling right now, it is not even remotely close to each other at all.

Max profit is 1% of the total bankroll (online + offline), so 60 BTC is possible (if the bankroll had been a bit smaller), but not 600.

https://www.bustabit.com/user/WangTang_V2

Currently that gambler on 101 btc profit (Yea, it's 100 btc not mbtc).

Atm, max profit on Bustabit is BTC 70.61 in single bet, not BTC60.

But if you look carefully, that guy was even at -BTC25, Glad he can recovered and make some decent profit like that even though he just signed up on bustabit 8 months ago.

[sunsilk]

It's been a while since I've played in Bustabit it looks like nothing much have changed on it.
It is still the same thing the time I change my type of game which is Sports betting right now I'm planning to go back to Bustabit.
Looks like a whale is popping around from time to time just to get some Bitcoin and goes away.

Then go back and just play like the usual thing you did.

Those whales know how to play and they have strategy, they know when to withdraw and take their profits. They are organized and knows what to do exactly with their profits.

In case that you haven't changed your mind, just get back and get on bustabit again. It's free and open all of the time without sacrificing your other niche which is sports betting.

[Karartma1]

Above all, small fish should never look and reproduce the whales' strategy while gambling. There could be a million reason why whales are such high rollers and sometimes that can be washing not-so-clean money. This is an advice for regular players: don't go all in like they do. Have fun at your own pace.

[Lakai01]

Yes it might be a fraction of his asset but still if you are going to think of it it's a big amount. With a couple of clicks you would be able to gain or lose big amount of money.

Of course this is a lot of money, yes. But we do not know the motives of the player behind it. It could be pure boredom and he is looking for his kick through such bets or he is doing it on purpose to wash BTCs of uncertain origin and to be able to prove where they came from before the cashout.

Since the player is probably nobody from this forum we will probably never know the real reasons

[Golftech]

Above all, small fish should never look and reproduce the whales' strategy while gambling. There could be a million reason why whales are such high rollers and sometimes that can be washing not-so-clean money. This is an advice for regular players: don't go all in like they do. Have fun at your own pace.

Acting like you can be like them only risk your bankroll, they are whales meaning that they've got money to spend all the day,
while a regular player / gambler is tight and limited with resources, enjoy instead of trying to win huge money that mostly results to lose more.
Keep yourself focus with how you satisfied your stay, those whales are good in directing the tempo so best not to chased them but instead observe them out, and try to ride with them but be wise and enjoy the benefits.

[beerlover]

Wangtang hasn't played in a large bet in 3 days or so, his last big bet was 3 days ago, so maybe he finally realized that he has to stop before he could lose all of his money, and that is a very smart decision.

If he stops gambling with huge numbers and instead focuses on gambling with smaller numbers (can't believe I am talking about few bitcoins and calling it "small") because if he tries to keep gambling with hundreds of bitcoin each time, he is not going to really come up with a big amount of income in the long run, he will end up with losing all of his money. Dude is something else, he is special, I have never seen anyone play millions of dollars on a regular crypto betting this easily before in my life, he must be an insanely rich dude who made this money, he probably has a lot more than this for not-gambling part of his life too.

[janggernaut]

Wangtang hasn't played in a large bet in 3 days or so, his last big bet was 3 days ago, so maybe he finally realized that he has to stop before he could lose all of his money, and that is a very smart decision.

He could lose his money by this way,

https://www.bustabit.com/bet/289954383

That's an example how a guy lose BTC100 just in 1 bet.

It seems Wang Tang V2 realized to cash out his profit with current price, without doing any huge bet like before.

[jaysabi]

i forgot that i could be a bankroll in bustabit do you think it's a good time now to invest to the bustabit's bankroll? i've seen that some whales are showing up in the bustabit and getting some profit then goes away do you think that would cost a lot to bankroll investors?

Only invest if your time horizon is very long, on the order of a year or more. That length of time smooths out any volatility you might experience in shorter time frames when big players gamble. The more bets that are placed, the closer you would expect the profit margin to equal the house edge, and the way to get enough bets to make this mathematically likely is to have a very long investment timeframe.

[SyGambler]

a weird request but could you please remove google captcha when users want to enter their 2FA codes and keep it only for the first log in step ( username and password )
when I have VPN turned on google captcha takes a lot of time to solve and the 2FA code will expire , I spent around 8 minutes today trying to log in   

[xxjumperxx]

a weird request but could you please remove google captcha when users want to enter their 2FA codes and keep it only for the first log in step ( username and password )
when I have VPN turned on google captcha takes a lot of time to solve and the 2FA code will expire , I spent around 8 minutes today trying to log in   

I understand the Pain!
I dont have a VPN activated but the Captcha there is annoying even if there isnt a VPN activated.

[beerlover]

~snipped

I have never said that dude won't lose his money, I just said that he wasn't doing any big betting anymore, never even mentioned anywhere in my post that "he can't" or even "won't" because people could lose their money very very quickly. This dude is over 100+ bitcoins in profit and what I am trying to say that around for the past 4 days dude hasn't wagered that much, and that means he either will come back and lose it all eventually, but I am saying I think he picked the other option, just not to continue with gambling and taking that 100 btc out and not looking back.

Sure he could play small by small to get the fun out of his system with few bitcoins but he collected that 100 btc and withdrew it if you ask me. Obviously we will never know, what he will do, only time will tell.

[janggernaut]

snip

You sure in the past 4 days he didn't wager that much?

Look at his account stats, he was made few huge bets with BTC100 and made total BTC17 btc profit.

[BTCappu]

bustabit is one of the best implementation of any provable fair game I have seen in years. And is one of is the most copied in other platforms. RHavar made a great discovery with this game. I am personally playing this game recently and find it very addictive. 

I agree, one of the best provable fair games around. I normally dont play games, I just use the sportsbook on most casinos, but Bustabit has already taken a few bits from me but its just fun to play.

Honestly provably fair is not for any "game" per se, it is not a game itself but more like how the results are decided for any game at any time. It could be dice, crash, plinko or anything of that sorts, when you are doing it based on blockchain and seeding, you are showing the gambler that you can prove the game wasn't rigged and that's it.

Literally Rhavar used this to make a different game, while everyone was dealing with a ton of dice games everywhere, RHavar showed the world that you can use provably fair on other games as well, Crash was already a thing before any of this, not implemented this way but he took it, changed a bit, added provably fair. After that it was all chaos for a while because everyone made ton of many different games using provably fair when RHavar proved it was possible.

[nsirishcoffee]

It is not weird dude, those google captcha after the 2FA codes are really annoying as they expire too soon. Me too, I spend like 8 or more minutes to log in.

a weird request but could you please remove google captcha when users want to enter their 2FA codes and keep it only for the first log in step ( username and password )
when I have VPN turned on google captcha takes a lot of time to solve and the 2FA code will expire , I spent around 8 minutes today trying to log in   

[beerlover]

snip

You sure in the past 4 days he didn't wager that much?

Look at his account stats, he was made few huge bets with BTC100 and made total BTC17 btc profit.

Yeah, when I checked he had something like that, it was mostly 10 bitcoins or under but checking it again dude gambled a lot after that too. However I still think he is not going to gamble as much as he did for a while, not saying he won't gamble at all but not as much as he used to. This dude made over 120 bitcoins in profit and that is just something else, I do not remember all that many people who have managed to gamble for this long and still come up with this much profit, it really looks like it is going to be something special if he keeps this up.

What do you guys think, will he lose all of his money the way he continues to gamble it away? Or will he just be smart about it and just try to recover the small losses and add tiny ones on top for a good long period to peak over hundreds of btc profit?

[perla]

What do you guys think, will he lose all of his money the way he continues to gamble it away? Or will he just be smart about it and just try to recover the small losses and add tiny ones on top for a good long period to peak over hundreds of btc profit?

Let's hope not but there's a chance in the future that he might get unlucky and lose a really huge amount of his money though I think he could still hit some few bets but if that's me I wouldn't let that huge amount be at risk.

[Darkelf11]

snip

You sure in the past 4 days he didn't wager that much?

Look at his account stats, he was made few huge bets with BTC100 and made total BTC17 btc profit.

Yeah, when I checked he had something like that, it was mostly 10 bitcoins or under but checking it again dude gambled a lot after that too. However I still think he is not going to gamble as much as he did for a while, not saying he won't gamble at all but not as much as he used to. This dude made over 120 bitcoins in profit and that is just something else, I do not remember all that many people who have managed to gamble for this long and still come up with this much profit, it really looks like it is going to be something special if he keeps this up.

What do you guys think, will he lose all of his money the way he continues to gamble it away? Or will he just be smart about it and just try to recover the small losses and add tiny ones on top for a good long period to peak over hundreds of btc profit?

Anything can happen, he might lose it if he will not properly manage his wagers. Sometimes, frustrations might eat the gambler's discipline and his ability to think for the best. But I think this guy is just good at gambling. I think he is used on frustrations and can handle his emotions very well, otherwise he won't be winning big profits.  If he is really good, probably he will win even more, is he a professional gambler? XD