ts-monster
Newbie
Activity: 2
Merit: 0
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May 28, 2019, 06:51:23 PM |
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Hello all,
Can someone help me understand how exactly the "Betting on events" functions work?
The "time weight multiplier" is particularly confusing to me in how it relates to the bet amount and the outcome odds. Is there a formula for estimating how much you're going to win given the bet amount, odds and time weight multiplier?
For example, I bet 50 satoshi recently and the final odds were 1.51; also, when I made the bet the time multiplier was at ~25%. I got paid 72 satoshi but don't understand where that figure came from. Shouldn't it have been at least 75? Does the time multiplier subtract somehow from the (odds * bet amount) total?
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WhyFhy
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May 28, 2019, 08:33:19 PM |
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Hello all,
Can someone help me understand how exactly the "Betting on events" functions work?
The "time weight multiplier" is particularly confusing to me in how it relates to the bet amount and the outcome odds. Is there a formula for estimating how much you're going to win given the bet amount, odds and time weight multiplier?
For example, I bet 50 satoshi recently and the final odds were 1.51; also, when I made the bet the time multiplier was at ~25%. I got paid 72 satoshi but don't understand where that figure came from. Shouldn't it have been at least 75? Does the time multiplier subtract somehow from the (odds * bet amount) total?
About 25% is what you indicated, But odds are you just submitted a little later then your page's time stamps while you where crunching numbers so statistics where off a few % but thats just a guess. My question is why did you go through so much trouble over 3 Satoshi? (regarding making a new account just to post here) |
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ts-monster
Newbie
Activity: 2
Merit: 0
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May 28, 2019, 11:06:57 PM |
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Hello all,
Can someone help me understand how exactly the "Betting on events" functions work?
The "time weight multiplier" is particularly confusing to me in how it relates to the bet amount and the outcome odds. Is there a formula for estimating how much you're going to win given the bet amount, odds and time weight multiplier?
For example, I bet 50 satoshi recently and the final odds were 1.51; also, when I made the bet the time multiplier was at ~25%. I got paid 72 satoshi but don't understand where that figure came from. Shouldn't it have been at least 75? Does the time multiplier subtract somehow from the (odds * bet amount) total?
About 25% is what you indicated, But odds are you just submitted a little later then your page's time stamps while you where crunching numbers so statistics where off a few % but thats just a guess. My question is why did you go through so much trouble over 3 Satoshi? (regarding making a new account just to post here) I think you misunderstood; the 25% was the time multiplier, and the odds were 1.51, so 50 * 1.51 ~= 75. What I don't understand is precisely what role this time multiplier plays in the calculation. This 50 satoshi bet was just a test to try to understand how it worked, and since I couldn't figure it out I tried to google it and this was almost the only place in which there were mentions to this "betting on events" system, so I created an account and asked... if you know of any other place where you think I'm more likely to find answers let me know! |
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FinneysTrueVision
Legendary
Activity: 2534
Merit: 1392
AntiSwap.io - NO AML/KYC EXCHANGER MONITORING
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May 30, 2019, 09:35:33 PM |
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I'm pleased to announce that you can now make instant and slow withdrawals to bech32 addresses.
That's great news. It was annoying to use an intermediary wallet to transfer to Wasabi. |
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OkMonday
Jr. Member
Activity: 66
Merit: 1
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May 31, 2019, 07:36:25 AM |
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Who can say me , I found some deleting referals on my account .
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TheQuin
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May 31, 2019, 07:37:20 AM |
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Who can say me , I found some deleting referals on my account .
Yes, we cleared old accounts that have never been used from the database. |
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OkMonday
Jr. Member
Activity: 66
Merit: 1
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May 31, 2019, 07:38:25 AM |
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Who can say me , I found some deleting referals on my account .
Yes, we cleared old accounts that have never been used from the database. Thank for answer ! |
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Edward K.
Newbie
Activity: 12
Merit: 0
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May 31, 2019, 12:35:14 PM |
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Error 522 Ray ID: 4df8fa352bcd8671 • 2019-05-31 12:34:08 UTC
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TheQuin
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June 01, 2019, 05:36:26 AM |
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New Wagering and Referral Contest prizes.
The lower levels prizes have been increased as follows:
Wagering Contest.
1st $10,000
2nd $5,000
3rd $2,500
4th $1,250
5th $1,000
6th $750
7th $500
8th $300
9th $200
10th $100
Referral Contest.
1st $5,000
2nd $2,500
3rd $1,250
4th $600
5th $500
6th $400
7th $300
8th $200
9th $100
10th $50
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Bitcoinsummoner
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June 02, 2019, 07:41:15 PM |
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Is 4% yearly interest still being paid? I don't see anything on their website about that.
If they paid still it cant be a good profit 4% yearly is too poor interest comparing with others it is better investing on good altcoin which may give a lot of profit. Compared to what others? An altcoin may give profit but it may make a huge loss compared to Bitcoin. You can't make a comparison between a fixed interest investment and taking a currency risk. Compared with altcoin for crypto and for fiat bank or mutual fund etc. Altcoin price always go down comparing with bitcoin? It cant be. Altcoin may go down on the same way it can go up. Just need to take proper entry. |
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TheQuin
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June 03, 2019, 02:04:49 AM |
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Is 4% yearly interest still being paid? I don't see anything on their website about that.
If they paid still it cant be a good profit 4% yearly is too poor interest comparing with others it is better investing on good altcoin which may give a lot of profit. Compared to what others? An altcoin may give profit but it may make a huge loss compared to Bitcoin. You can't make a comparison between a fixed interest investment and taking a currency risk. Compared with altcoin for crypto and for fiat bank or mutual fund etc. Altcoin price always go down comparing with bitcoin? It cant be. Altcoin may go down on the same way it can go up. Just need to take proper entry. Yeah, that's the point. You're taking a currency risk, it may go up or it may go down. You can't compare that to getting a fixed interest return because they are completely different things. |
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coinlocket$
Legendary
Activity: 2912
Merit: 1525
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June 03, 2019, 01:08:57 PM |
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Got a decent return in the end from the CL betting, luckily the odds went down a bit but placed a side bet to save founds  . Even if I've earned few bucks at least now I have some tickets for the Lambo |
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enricosilv4
Newbie
Activity: 19
Merit: 0
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June 03, 2019, 09:26:54 PM |
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TheQuin
Is there any 2FA issue with the site at the moment? I keep getting "incorrect code", even though I just turned off (luckily was logged in on my phone) and tried to turn on again.
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TheQuin
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June 04, 2019, 01:08:53 AM |
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TheQuin
Is there any 2FA issue with the site at the moment? I keep getting "incorrect code", even though I just turned off (luckily was logged in on my phone) and tried to turn on again.
It's working fine for everyone else. Have you tried resynching your 2fa device? |
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enricosilv4
Newbie
Activity: 19
Merit: 0
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June 04, 2019, 10:09:16 PM |
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TheQuin
Is there any 2FA issue with the site at the moment? I keep getting "incorrect code", even though I just turned off (luckily was logged in on my phone) and tried to turn on again.
It's working fine for everyone else. Have you tried resynching your 2fa device? That solved it. Thank you so much! |
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TheQuin
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June 05, 2019, 10:37:45 AM |
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Special promotion: Free Golden Ticket for the Lambo draw for every deposit of 0.05 BTC or more in the next 48 Hours.
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Dav7
Full Member
Activity: 298
Merit: 104
Making Money Online since 2006
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June 05, 2019, 03:54:33 PM |
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Special promotion: Free Golden Ticket for the Lambo draw for every deposit of 0.05 BTC or more in the next 48 Hours.
Great, will promote that among my referrals! We are in June already, don't you guys have some extra info to give us about the new version?  |
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LTU_btc
Legendary
Activity: 3934
Merit: 1569
Slava Ukraini!
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June 05, 2019, 08:16:09 PM |
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We are in June already, don't you guys have some extra info to give us about the new version? With Golden ticket contest and Betting added to Freebitco.in, I completely forgot that they planned to launch new version of website crypteer.com with new stuff added to it. But if there would be some news about it, I'm sure that TheQuin would post that information here. |
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TheQuin
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June 05, 2019, 11:56:57 PM |
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We are in June already, don't you guys have some extra info to give us about the new version? With Golden ticket contest and Betting added to Freebitco.in, I completely forgot that they planned to launch new version of website crypteer.com with new stuff added to it. But if there would be some news about it, I'm sure that TheQuin would post that information here. The plans change nearly every day  Today's plan is to add altcoin deposits which we'll automatically convert to Bitcoin and add to your balance. We've got a list of things we want to do that's very long so we're just introducing them one by one at the moment rather than trying to get it all done and a relaunch. |
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Flangler
Member
Activity: 963
Merit: 57
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June 06, 2019, 11:11:14 AM |
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Your finance management is very good. According to your site the money which you collected for Lambo is already 3 times more than actuall lambo's price. Keep it going. 4% annual is great.
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