Welcome to the Greatest Bitcoin Casino on earth!! Exciting Sounds & Graphics!

[Oldminer]

A casino with a self moderated thread? I dislike that. I mean, now you can delete all the negative feedback.

I wont be deleting negative feedback provided its justified & constructive - in fact, we welcome it. If somethings not working the way it should, we would like to know about it. On the whole, feedback from people that have tried the Casino has been very positive, but unfortunately the previous thread wasn't moderated and quickly filled with unnecessary & unwarranted spam. Too much money, time & effort has gone into setting up this Casino to see a thread promoting it graffitied by a few self-concerned individuals. A moderated thread fixes that issue.

thx

p.s. 100 free game credits sent to user 'howeth'

[1713583525]

1713583525

[Oldminer]

Of course, every Casino has Blackjack!  

[Oldminer]

Romantic guys & gals will love playing SWEET LOVE  

[Noitev]

A casino with a self moderated thread? I dislike that. I mean, now you can delete all the negative feedback.

I wont be deleting negative feedback provided its justified & constructive - in fact, we welcome it. If somethings not working the way it should, we would like to know about it. On the whole, feedback from people that have tried the Casino has been very positive, but unfortunately the previous thread wasn't moderated and quickly filled with unnecessary & unwarranted spam. Too much money, time & effort has gone into setting up this Casino to see a thread promoting it graffitied by a few self-concerned individuals. A moderated thread fixes that issue.

thx

p.s. 100 free game credits sent to user 'howeth'

Can you clarify on what was said in a previous thread that a bank balance is maintained? Does that mean that if the bank balance is low, odds change? will you also have provable fairness in the future?

[Oldminer]

A casino with a self moderated thread? I dislike that. I mean, now you can delete all the negative feedback.

I wont be deleting negative feedback provided its justified & constructive - in fact, we welcome it. If somethings not working the way it should, we would like to know about it. On the whole, feedback from people that have tried the Casino has been very positive, but unfortunately the previous thread wasn't moderated and quickly filled with unnecessary & unwarranted spam. Too much money, time & effort has gone into setting up this Casino to see a thread promoting it graffitied by a few self-concerned individuals. A moderated thread fixes that issue.

thx

p.s. 100 free game credits sent to user 'howeth'

Can you clarify on what was said in a previous thread that a bank balance is maintained? Does that mean that if the bank balance is low, odds change? will you also have provable fairness in the future?

The only person who can answer this question is user: Redcoin (the casino owner). I've PM'd him to see if he can/wants to provide a response.

In the meantime, anyone can create an account and bet minimal amounts and judge the payout rate for themselves. About 6 weeks ago I was informed of the casino being in beta testing and was given 1BTC (10,000 points) to test the games with. At one stage I had this balance up to 1.9BTC (19,000 pts). This balance is now down to 0.8BTC (after factoring in points I have given away in the affiliate program). Most of my wagering was on slots. I wouldnt want to try and guess how many hours of entertainment I've had on that 1BTC but I can say I played the games for at least 1-12 hours a day (at a guess) for over 6 weeks and still have a reasonable balance.

Btw, if anyone decides to take advantage of the 100 points offer, and play Luxuriouslot, make sure you change your total lines bet to start with as it default is 1 point x 50 lines. You could lose the lot in 2 x spins if your unlucky. Some of the other games have a lower default wager (eg: Indian charm default is .10 points x 50 lines.

thanks

[Oldminer]

Please let us know if you signup via my affiliate link and dont get your free credits. It may be your email address has failed our verification checks and we will need to find out why. Also, please check your spam folder for the verification email.

thanks

[kylie.v]

I tried registering again using your affiliate link because the first few times there were problems. Not sure why

Username: Bitwin_Kylie

Hopefully it worked this time..Confirmed account email too

Thanks

[Oldminer]

I tried registering again using your affiliate link because the first few times there were problems. Not sure why

Username: Bitwin_Kylie

Hopefully it worked this time..Confirmed account email too

Thanks

Credits sent

[kylie.v]

I tried registering again using your affiliate link because the first few times there were problems. Not sure why

Username: Bitwin_Kylie

Hopefully it worked this time..Confirmed account email too

Thanks

Credits sent

Thank you! Glad it worked

[Oldminer]

name on there is noitev. thanks.

Coins sent

[Oldminer]

Dont play Dracula slots alone at night!  



 

[Redcoin]

Sorry to say that I won't be playing here because it's not provably fair.

You should use the free points oldminer gave you and have a try, you will see its quite easy to win

Not sure how to be "provably fair". Its a different type of game, and only pays out when there are losers, same way as any modern slot machine.

The main difference is the odds payout, Bitwin is 98%, while pub/casino pokies and most online ones are set to less than 90%.

This means Every 100 you bet, regardless whether you win or lose, 98 goes back into the prize pool, with 2.5% of that going into the jackpot pools, if its a jackpot game.

When the game draws a hand, it checks if there is enough funds in the prize pool to cover the win, if there isnt it will make you lose.
 
however what you need to realize is table games like roulete, blackjack, sicbo, etc mathematically have the same odds to win as a live casino game, which is around 80-90% return, which is way less than the prize pool, so it would be rare that the prize pool would not have funds to cover wins on those games. So playing those is just like a live game.
 
To summarize:

If you win 98 points, it means somone has lost 100 points

[Oldminer]

When the game draws a hand, it checks if there is enough funds in the prize pool to cover the win, if there isnt it will make you lose.

Just quoting this line, since it's the most important.

With this casino, your loss may be inevitable if there isn't enough funds in the prize pool. Which seems like an appalling way to run things. If there's not enough money to pay out a certain bet, why not prevent the user from making the bet in the first place? (Which is what most other sites do by setting a 'max profit', which basically sets the maximum the casino is willing/able to pay out)

Is it also appalling that the casino paid out sufficient winnings to players to create this 'negatively-balanced' prize pool?

As I stated previously, I don't run the casino so don't know enough about it, but IMO if this is how it works, it means somebody else won and walked away with more than they started with. Such is the nature of gambling.

[ngocbkcse]

Username: ainghia1308.
Thanks!

[Oldminer]

Username: ainghia1308.
Thanks!

Coins sent

[Boelens]

Username: Boelens

[Oldminer]

Username: Boelens

coins sent

[Redcoin]

This bolded text is entirely wrong. Slots don't check if the bankroll is low, they pay out based on random numbers having nothing to do with what they previously paid out or other games pay out. This is the essence of gambler's fallacy.

I think it does, my IGT gameking, Multistar safari, ex casino game,  I can go into the settings and choose which % of return it can be set to. So it obviously determans what to pay out based on what money its collected. right? else how does it calculate a payout rate?

[Oldminer]

Should you be punished because someone else was lucky? A casino like that is literally stealing money from you.

Lets reverse this statement - "Should you be lucky because someone else was 'punished' (lost)?" Is this lucky person then considered to be 'stealing' from the casino because someone else before him lost?

When you walk into a Casino you have no idea whether the 'house' is in front or behind. You put your money in the slot and you hope the players before you lost, and lost big, because you know the odds of that slot paying out are 'likely' to be higher. You also hope that slot hasn't just paid out big for the same reason. You might say well maybe the slot is on a 'payout' streak? Maybe it is, maybe it isnt, but how can you know for sure either way? Its all about probability at the end of the day and no-one can ever know if they are about to win or lose before they gamble - ever. Thats why its called a 'gamble'. No matter what the game or where you play. This casino has a 98% payout and thats as good as you will get anywhere.

[Redcoin]

Should you be punished because someone else was lucky?

Thats how gambling machines work, a machine thats just had a huge payout will not give another big payout  until its been filled up again.