bit777 (OP)
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October 24, 2013, 01:09:06 PM |
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Oh and we are not an entity of SBR and have never claimed of being one.
I never claimed you are an entity of SBR, I was merely doing a comparison with a company you claimed that you have been a source of for 10 years. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FcIGv9gU.png&t=665&c=3SqFX_k72Xfp-w)
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elbill
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October 24, 2013, 04:04:08 PM |
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Dude, google variance. Sometimes you win, sometimes you lose, that's how games of chance work. It's not the casino cheating you, it's just bad luck. Get over it.
I worked at spanish BetVictor.com (gibraltar), a casino by cycles is not dishonest, is how works all legal online casinos. The random component is the duration of each cycle. And it ensures a% profit for the owner (short and long term) Saying that the game is -"fair" / Use mersenne twister algorithm- and use cycles is dishonest, and deserves a D+. If you are speaking about us, we don't use payout cycles and never said it. It is entirely random. The cycles you are describing are called Volatility in the gambling industry, and they have nothing to do with ensuring profit for the owner. What was your position in BetVictor? The Volatility (VI) does not apply to the online gaming world, and believe me I know what I'm saying. There are online casinos with a roulette without zero, and still have a 98% payout (instead of 100%) How is it possible? Because the only random component is the duration of each cycle, like any slots machine (which has guaranteed 5% -40% to the owner depending on the country), like your casino or bitwin casino. And this is not dishonest, is how it works the gambling world. But is dishonest deny it.
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tonino
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 24, 2013, 04:30:06 PM |
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There are online casinos with a roulette without zero, and still have a 98% payout (instead of 100%) How is it possible?
Do You mind to explain this statement? how does a roulette without zero has a 98% payout? thanks
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bit777 (OP)
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 24, 2013, 04:48:26 PM |
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Dude, google variance. Sometimes you win, sometimes you lose, that's how games of chance work. It's not the casino cheating you, it's just bad luck. Get over it.
I worked at spanish BetVictor.com (gibraltar), a casino by cycles is not dishonest, is how works all legal online casinos. The random component is the duration of each cycle. And it ensures a% profit for the owner (short and long term) Saying that the game is -"fair" / Use mersenne twister algorithm- and use cycles is dishonest, and deserves a D+. If you are speaking about us, we don't use payout cycles and never said it. It is entirely random. The cycles you are describing are called Volatility in the gambling industry, and they have nothing to do with ensuring profit for the owner. What was your position in BetVictor? The Volatility (VI) does not apply to the online gaming world, and believe me I know what I'm saying. There are online casinos with a roulette without zero, and still have a 98% payout (instead of 100%) How is it possible? Because the only random component is the duration of each cycle, like any slots machine (which has guaranteed 5% -40% to the owner depending on the country), like your casino or bitwin casino. And this is not dishonest, is how it works the gambling world. But is dishonest deny it. We don't have such a withhold % configurator in our casino backoffice, and it can be easily verified. Payouts are entirely based on game rules and math, as in any other real money casino. The Volatility applies to any slot machine either online or land-based. The withhold % in slot machines in almost any online casino is predetermined based on paytable math and not a software configuration as in bitwins case. This is the process of slot machine manufacturing: The company decides how many icons/lines/bonus games should the slot have. They give the job to a mathematician who builds a PAR sheet with a payout table formula and exact distribution of the icons. Then his formula is ran through a simulator, which simulates millions of games, to be able to determine projected return. Based on the paytable different games have different gameplay. This is called Volatility Index. The more Volatile a slot machine is, the more ups and downs it will have throughout time (hot and cold periods, where if a machine hasn't paid in a long time it is likely in a cold period which is about to end), the less volatile - the more balanced play it will have (frequent small wins and no big surprises in terms of player wins). Usually the mathematicians create 3 or 4 payout levels (88%,92%,95%,98%), which are then set as an option in the slot management software for the operator to choose and change whenever he likes. However, the game is entirely random, and payouts are not based on previous losses in any case. Most slot manufacturers (like IGT, Williams, Playtech) guarantee that the machine will have a stable house return within 10,000,000 spins. In the short term, a casino can lose millions, and previous play is not a factor. For a sample slot math including a simulator you can refer to: http://www.slot-design.com/simulator.html . You will find your "cycles" there once you run the simulator for an extended amount of time. Regarding No Zero Roulette, it doesn't have a 98% Return rate. You can refer to your old workplace BetVictor, who introduced the game 2 years ago built by NetEnt. They did it entirely for marketing purposes in my opinion (just an opinion). Afterwards all other casinos followed, and it became a very popular game. Few months later, BetVictor, NetEnt and everyone else stopped offering No Zero, they discontinued it. Simply because it wasn't profitable. Right now you can't find it anywhere online, except for a few small sites, which try to use it as a player magnet (like us). If No Zero had 2%, why would they discontinue it? It makes no sense, when Baccarat has 1% house edge, Video Pokers have 0.6% house edge, Blackjack has less than 1% in most cases, and so on. If it had 2% edge, that game is a keeper. We can talk about online gambling till Christmas, I have a lifetime of experience dating back to 97' and Planetluck, but let's not do it in this thread, as it kind of steers away of its purpose.
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bit777 (OP)
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 25, 2013, 09:40:44 AM |
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Alan did I lose you here buddy? Oh and we are not an entity of SBR and have never claimed of being one.
I never claimed you are an entity of SBR, I was merely doing a comparison with a company you claimed that you have been a source of for 10 years. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FcIGv9gU.png&t=665&c=3SqFX_k72Xfp-w)
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bit777 (OP)
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 27, 2013, 10:12:51 AM |
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Alan can you shed some light on this please. Both Peerbet & Bit777 are operated by the same owners, use the same wallets (same financial security), same server, same customer support. So how is it possible that one site is an A, and the other one is a D? It just seems there is absolutely no logic in your ratings. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FDDXgHSP.png&t=665&c=gopQjL_7NRinHw)
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alkaz
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October 27, 2013, 12:04:08 PM |
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im a newb in BTC, just knew BTC on april and ive been a small gambler everywhere since then im a scavenger for sathosi dust and btc giveaways ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) i know this bitcoincasinopro, but never red it, just had a glimpsed of it once or twice on some ads this site is unsignificant to these gambling site review from the costumer on forums such on bitcointalk is far more significant i played perbeet wheel before, once and quite short play, and its not interesting to play i know its gambling, but, its hard win anything on here, loose is a certain never gonna play it again and I never tried bit777 though. and i played satoshi circle with small free giveaways, also once i played and had some nice win before i lost it but fun to play on sathosi circle rather than perbeet wheel -sorry-
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aksplace
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 27, 2013, 07:43:28 PM |
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Alan can you shed some light on this please. Both Peerbet & Bit777 are operated by the same owners, use the same wallets (same financial security), same server, same customer support. So how is it possible that one site is an A, and the other one is a D? It just seems there is absolutely no logic in your ratings. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FDDXgHSP.png&t=665&c=gopQjL_7NRinHw) We have a a full detailed rating guideline sheet getting published this week. Yes I am clearly aware of the relationship status between bit777 and Peerbet. Although I personally think A is to high for Peerbet based on the rating guidelines currently in place I didn't have much of a choice on where it landed. Clearly the biggest issue/difference between the two is pretty obvious. One of the websites supposedly provides provable gaming(we have not verified it's legitimate yet) and the other site offers "unfair gaming". Got another player review on file for bit777 last week. Usually we send these in private and in a professional respectful atmosphere but clearly you like the streets I don't mind taking "it outside" either ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) These guys are definitely scam artists. They also don’t provide the “Provably Fair” hashes or whatever, however that works, like other sites do.
They have a No-Martingale rule when it comes to their No-Zero Roulette, so I came up with a good system that was slowly inching me ahead in credits. Suddenly I started getting nothing but pushes for like 10 minutes straight. That’s when I started thinking something was up. I had bet on the 1st and 3rd dozens, and had a doubled bet on the 2nd dozen… for 10 minutes straight, NO number in the 2nd dozen was hit. I started thinking, WTF? I thought, yep, they’re monitoring me or something.
So I started switching up my bets, and sure enough, I did a test bet with higher than usual stakes and kept doing that, and then the roulette wheel hit the same number SIX times in a row! Do you know how astronomical the odds of that happening are? That’s when I knew they were cheats, and I withdrew all my BTC immediately. F*ck them, someone needs to get these guys caught and dealt with, PRONTO!
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DiamondCardz
Legendary
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Merit: 1118
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October 27, 2013, 07:48:03 PM |
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These guys are definitely scam artists. They also don’t provide the “Provably Fair” hashes or whatever, however that works, like other sites do.
They have a No-Martingale rule when it comes to their No-Zero Roulette, so I came up with a good system that was slowly inching me ahead in credits. Suddenly I started getting nothing but pushes for like 10 minutes straight. That’s when I started thinking something was up. I had bet on the 1st and 3rd dozens, and had a doubled bet on the 2nd dozen… for 10 minutes straight, NO number in the 2nd dozen was hit. I started thinking, WTF? I thought, yep, they’re monitoring me or something.
So I started switching up my bets, and sure enough, I did a test bet with higher than usual stakes and kept doing that, and then the roulette wheel hit the same number SIX times in a row! Do you know how astronomical the odds of that happening are? That’s when I knew they were cheats, and I withdrew all my BTC immediately. F*ck them, someone needs to get these guys caught and dealt with, PRONTO!
You're dumb. A site not being PROVABLY fair does not mean that it's unfair. Bad luck does not mean that a site is unfair. Also, is there actually any proof of that claim? -.-
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BA Computer Science, University of Oxford Dissertation was about threat modelling on distributed ledgers.
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Oldminer
Legendary
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Activity: 1022
Merit: 1001
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October 27, 2013, 08:28:35 PM |
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im a newb in BTC, just knew BTC on april
i know this bitcoincasinopro, but never red it, just had a glimpsed of it once or twice on some ads this site is unsignificant to these gambling site review from the costumer on forums such on bitcointalk is far more significant
i played perbeet wheel before, once and quite short play, and its not interesting to play i know its gambling, but, its hard win anything on here, loose is a certain
Yea well its 99% likely peerbet paid BTC to bitcoincasinopro for their 'A' rating, which is why the reviews on this site cannot be trusted. You dont pay, you get a bad review..sites a joke & anyone that's been around long enough to know better ignores it lol
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00null
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 27, 2013, 08:34:42 PM |
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These guys are definitely scam artists. They also don’t provide the “Provably Fair” hashes or whatever, however that works, like other sites do.
They have a No-Martingale rule when it comes to their No-Zero Roulette, so I came up with a good system that was slowly inching me ahead in credits. Suddenly I started getting nothing but pushes for like 10 minutes straight. That’s when I started thinking something was up. I had bet on the 1st and 3rd dozens, and had a doubled bet on the 2nd dozen… for 10 minutes straight, NO number in the 2nd dozen was hit. I started thinking, WTF? I thought, yep, they’re monitoring me or something.
So I started switching up my bets, and sure enough, I did a test bet with higher than usual stakes and kept doing that, and then the roulette wheel hit the same number SIX times in a row! Do you know how astronomical the odds of that happening are? That’s when I knew they were cheats, and I withdrew all my BTC immediately. F*ck them, someone needs to get these guys caught and dealt with, PRONTO!
You're dumb. A site not being PROVABLY fair does not mean that it's unfair. Bad luck does not mean that a site is unfair. Also, is there actually any proof of that claim? -.- Not taking any sides, but the same number 6 times in a row? At least very very unlikely.
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DiamondCardz
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Merit: 1118
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October 27, 2013, 08:47:32 PM |
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Could be bad luck or a scam, but either way it's not really valid without proof.
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BA Computer Science, University of Oxford Dissertation was about threat modelling on distributed ledgers.
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00null
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 27, 2013, 09:00:11 PM |
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Could be bad luck or a scam, but either way it's not really valid without proof.
To some extent I agree. And that is why we should get rid of casinos that are not provably fair. You never know if it is luck or manipulation. Still, what would be your threshold for calling it a scam? 7 times in a row? 8? 10? 20? Do you even know how unlikely those are?
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aksplace
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 27, 2013, 11:25:24 PM |
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Could be bad luck or a scam, but either way it's not really valid without proof.
To some extent I agree. And that is why we should get rid of casinos that are not provably fair. You never know if it is luck or manipulation. Still, what would be your threshold for calling it a scam? 7 times in a row? 8? 10? 20? Do you even know how unlikely those are? Agree, and with just a little common sense many are finally waking up to the reality of the flat out theft getting dished everyday by none provable games. This does not mean they all none legitimate but I would bet the house most are.
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b!z
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October 28, 2013, 04:57:53 AM Last edit: October 28, 2013, 09:27:56 AM by b!z |
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These guys are definitely scam artists. They also don’t provide the “Provably Fair” hashes or whatever, however that works, like other sites do.
They have a No-Martingale rule when it comes to their No-Zero Roulette, so I came up with a good system that was slowly inching me ahead in credits. Suddenly I started getting nothing but pushes for like 10 minutes straight. That’s when I started thinking something was up. I had bet on the 1st and 3rd dozens, and had a doubled bet on the 2nd dozen… for 10 minutes straight, NO number in the 2nd dozen was hit. I started thinking, WTF? I thought, yep, they’re monitoring me or something.
So I started switching up my bets, and sure enough, I did a test bet with higher than usual stakes and kept doing that, and then the roulette wheel hit the same number SIX times in a row! Do you know how astronomical the odds of that happening are? That’s when I knew they were cheats, and I withdrew all my BTC immediately. F*ck them, someone needs to get these guys caught and dealt with, PRONTO!
You're dumb. A site not being PROVABLY fair does not mean that it's unfair. Bad luck does not mean that a site is unfair. Also, is there actually any proof of that claim? -.- Not taking any sides, but the same number 6 times in a row? At least very very unlikely. (1/37)^6 or ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FmQFskas.gif&t=665&c=sM_ZQL4kBF95mA) to be exact. Still waiting for the answer to this: Alan did I lose you here buddy? Oh and we are not an entity of SBR and have never claimed of being one.
I never claimed you are an entity of SBR, I was merely doing a comparison with a company you claimed that you have been a source of for 10 years. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FcIGv9gU.png&t=665&c=3SqFX_k72Xfp-w)
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icedicedavid
Full Member
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Ice-Dice.com | Massive Referral Bonus!
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October 28, 2013, 06:01:45 AM |
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Just here to say that Ice-Dice.com just got a "A" review from BitcoinCasinoPro and we didn't pay them anything.
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bit777 (OP)
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 28, 2013, 07:09:13 AM |
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These guys are definitely scam artists. They also don’t provide the “Provably Fair” hashes or whatever, however that works, like other sites do.
They have a No-Martingale rule when it comes to their No-Zero Roulette, so I came up with a good system that was slowly inching me ahead in credits. Suddenly I started getting nothing but pushes for like 10 minutes straight. That’s when I started thinking something was up. I had bet on the 1st and 3rd dozens, and had a doubled bet on the 2nd dozen… for 10 minutes straight, NO number in the 2nd dozen was hit. I started thinking, WTF? I thought, yep, they’re monitoring me or something.
So I started switching up my bets, and sure enough, I did a test bet with higher than usual stakes and kept doing that, and then the roulette wheel hit the same number SIX times in a row! Do you know how astronomical the odds of that happening are? That’s when I knew they were cheats, and I withdrew all my BTC immediately. F*ck them, someone needs to get these guys caught and dealt with, PRONTO!
You're dumb. A site not being PROVABLY fair does not mean that it's unfair. Bad luck does not mean that a site is unfair. Also, is there actually any proof of that claim? -.- Not taking any sides, but the same number 6 times in a row? At least very very unlikely. Could anyone at least refer us to the player who said it? I don't see any actual account behind Alan's quoted text, so how do we even know that is a real comment/complaint? Alan did you just come up with it?
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bit777 (OP)
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 28, 2013, 07:25:37 AM |
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Oh and we are not an entity of SBR and have never claimed of being one.
I never claimed you are an entity of SBR, I was merely doing a comparison with a company you claimed that you have been a source of for 10 years. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FcIGv9gU.png&t=665&c=3SqFX_k72Xfp-w) Any explanation on this?
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bit777 (OP)
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 06, 2013, 04:28:00 PM |
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It seems like he wants to promote particular brands on his site to look more popular than others by paying people to post comments for these brands, who of course go through moderation. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FW7BIkmu.png&t=665&c=AwDVSTqzjqwhGA)
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Oldminer
Legendary
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November 07, 2013, 08:00:32 PM |
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It seems like he wants to promote particular brands on his site to look more popular than others by paying people to post comments for these brands, who of course go through moderation. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FW7BIkmu.png&t=665&c=AwDVSTqzjqwhGA) No surprises here.
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