bustabit – The original crash game

[RHavar]

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:

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):

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):

calcReturns(100, 1941.9)
Yearly returns of 1 btc:  0.15136350301096296  btc

[xxjumperxx]

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!

[Mydi]

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:

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):

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):

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

[RHavar]

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

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.

[fullhdpixel]

^^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.

[xxjumperxx]

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!

[StackGambler]

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:

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):

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):

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

[qory]

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.

[janggernaut]

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?  

Merry Chrismast for all of us!

[Lakai01]

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?  

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

[xxjumperxx]

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]

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]

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.

[janggernaut]

use original android app

Snip

BUSTABIT DOESN'T HAS ANY APPS!

[xxjumperxx]

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.

[Raflesia]

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.

[jaberwock]

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.

[Lakai01]

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.

Such apps are simply used to steal users' account data. The simplest - and most effective - protection against this is to enable Two Factor Authentication on your accounts wherever possible. This way, the damage that could be caused by such apps is also extremely low.

Unfortunately, 2-FA is still not as widespread as it should be. My bank has just recently introduced a new 2-FA system, the resistance in the customer base against it was enormous, because it was much too cumbersome for them. Such a way of thinking is, of course, a feast for scammers and co.

[sana54210]

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.

Such apps are simply used to steal users' account data. The simplest - and most effective - protection against this is to enable Two Factor Authentication on your accounts wherever possible. This way, the damage that could be caused by such apps is also extremely low.

Unfortunately, 2-FA is still not as widespread as it should be. My bank has just recently introduced a new 2-FA system, the resistance in the customer base against it was enormous, because it was much too cumbersome for them. Such a way of thinking is, of course, a feast for scammers and co.

2FA is not even enough most of the time as well. Obviously speaking if you have 2FA that would mean that you are one step ahead of everyone else in security, and the more you do it, the better it is for you. However if you use their system, and you type in your 2FA at the same time on their system instead of real website, they will have the code for 2FA.

Now obviously they need to login right away in order to make this work, but if someone is developer enough to build a fake version of bustabit, they could very well make an automated bot that will login real time as well, so when you login with your username and password, the bot also logins with your username and password on the real place, and when you write the 2FA code, it writes the 2FA code as well, it does it automatically and gets in and withdraws all, while the real scammer just sleeps. Not common obviously, most phishing is not this developed, but there could be some, so we should always be as careful as we can be.

[mardaed]

I've been planning to stake some of my money to invest in any of this platform bustabit or bustadice but if both of them are profitable then I will definitely try investing to both
of them and check for myself if whom among of them has a good ROI.

I've been visiting dice sites in order to get some useful data about the good platform to invest but what my problem is I cannot seem to fully understand and use the data in dice sites even if they are giving almost all the useful data like total bet,daily bet and etc. For bustabit investors, may I know if how much you have profit so far like for example you can drop your starting capital, length of investment like how many months and your total ROI.