[ANN] CoinsFlip.com Multicoin Flipping site with referrals!!!

[kalgecin]

house edge brought down to ~0.5% !! 

[jrbuddy2]

Looks like the house keeps losing not that I am complaining.

[kalgecin]

Looks like the house keeps losing not that I am complaining.

so keep playing :-)

[jasinlee]

When do you plan to add other coins you mentioned?

[dr_yan_yan]

Be very careful of this site.

I just put through 7 transactions, and every one of them came up as LOST

13 seconds ago   0.005 coins   Lost    b9a152…
2 minutes ago   0.032 coins   Lost    11ca51…
2 minutes ago   0.016 coins   Lost    dcd5bd…
3 minutes ago   0.008 coins   Lost    343b6c…
4 minutes ago   0.004 coins   Lost    a31d32…
5 minutes ago   0.002 coins   Lost    372cf4…
7 minutes ago   0.001 coins   Lost    431eb4…

Then after returning to the site 5 minutes later...
1 of the transactions has been changed to WON and a payment sent.

8 minutes ago   0.005 coins   Lost    b9a152…
9 minutes ago   0.032 coins   Won    11ca51…
10 minutes ago   0.016 coins   Lost    dcd5bd…
10 minutes ago   0.008 coins   Lost    343b6c…
11 minutes ago   0.004 coins   Lost    a31d32…
12 minutes ago   0.002 coins   Lost    372cf4…
14 minutes ago   0.001 coins   Lost    431eb4…

However... as expected... the total amount that was bet = 0.068
the amount that was WON after it was changed from LOST = 0.064
Thus still ensuring that they kept some.

But the Biggest concern with all of the above is... TRUST

The mathematical chance of 7 LOST occurring in a row is VERY VERY low  0.78%
THEN for the LOST to suddenly change to WON after 5 minutes means that the system is inaccurate OR edited after.

[kalgecin]

Be very careful of this site.

I just put through 7 transactions, and every one of them came up as LOST

13 seconds ago   0.005 coins   Lost    b9a152…
2 minutes ago   0.032 coins   Lost    11ca51…
2 minutes ago   0.016 coins   Lost    dcd5bd…
3 minutes ago   0.008 coins   Lost    343b6c…
4 minutes ago   0.004 coins   Lost    a31d32…
5 minutes ago   0.002 coins   Lost    372cf4…
7 minutes ago   0.001 coins   Lost    431eb4…

Then after returning to the site 5 minutes later...
1 of the transactions has been changed to WON and a payment sent.

8 minutes ago   0.005 coins   Lost    b9a152…
9 minutes ago   0.032 coins   Won    11ca51…
10 minutes ago   0.016 coins   Lost    dcd5bd…
10 minutes ago   0.008 coins   Lost    343b6c…
11 minutes ago   0.004 coins   Lost    a31d32…
12 minutes ago   0.002 coins   Lost    372cf4…
14 minutes ago   0.001 coins   Lost    431eb4…

However... as expected... the total amount that was bet = 0.068
the amount that was WON after it was changed from LOST = 0.064
Thus still ensuring that they kept some.

But the Biggest concern with all of the above is... TRUST

The mathematical chance of 7 LOST occurring in a row is VERY VERY low  0.78%
THEN for the LOST to suddenly change to WON after 5 minutes means that the system is inaccurate OR edited after.

The bets are processed in stages, first added to the db (marked as lost as default value) then processed and changed to won if it won. you speak of 7 lost in a row is very low posibility.... yes, low, but there was a time where 8 wins occured in a row. Statistics collected over ~10 values are not qualified for probability fairness qualification. According to our statistics, over the last 100 bets, 48 won and 52  lost. and still yet 100 values isn't quite enough to see the real probability.

[kalgecin]

and as jrbuddy2 tipped that the house is loosing, i had to contact the admins to ask what's going on. they did confirm that there was a wave of wins in a row. But the scripts were tested with 10000 tx on testnet with house edge 0 to ensure fairness. And according to the coders, it alligned almost perfectly 50-50 as expected. So our script functions as it should. Try going to other betting sites where the show bet logs, i once witnessed well over 10 losses in a row. Probabilities are low, but doesn't mean impossible

[jasinlee]

http://en.wikipedia.org/wiki/Gambler's_fallacy

Might want to give that a read.

[milly6]

So by coin flipping do you mean this is a dice game?

[kalgecin]

So by coin flipping do you mean this is a dice game?

yes in a sort of way....

[kalgecin]

BTW, all bets below minimum are "lost" above maximum are returned.

edit:
Database was cleaned of these "invalid bets"

[reecelander]

Add Applecoin

[kalgecin]

minimum btc reduced to 0.002 btc :-D

[kalgecin]

Added Pennies :-D min bet is 1 and max is 5 for now ;-) Betting will be processed after the sync has completed in an hr or so ;-) currently placed bets will be processed then :-)

[jasinlee]

Nice setup, when will you be adding namecoin or others?

[kalgecin]

Nice setup, when will you be adding namecoin or others?

Soon, as we get more resources :-)

[kalgecin]

And we have added a new coin :-) NMC. min bet 0.5 max 2 for now ;-)

[jasinlee]

And we have added a new coin :-) NMC. min bet 0.5 max 2 for now ;-)

Nice! Ok you should probably add xpm and I think quarks have gotten popular.

[kalgecin]

Pennies and nmc are disabled until their wallets are fixed. sorry for any inconvenience that may arise

[kalgecin]

CacheCoin added to the flip site :-D  http://coinsflip.com/index.php?coin=20
https://bitcointalk.org/index.php?topic=400389