Bitcoin Forum
May 06, 2024, 04:26:09 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: 🔥🔥💥 ZSG, the first "ZeroSum" Game on the Ethereum blockchain. 🔥🔥💥  (Read 145 times)
RealZeroSumGame (OP)
Copper Member
Newbie
*
Offline Offline

Activity: 12
Merit: 0


View Profile WWW
April 03, 2018, 01:36:42 PM
Last edit: April 03, 2018, 03:36:37 PM by RealZeroSumGame
 #1

  INTRODUCING :  THE ZEROSUM GAME    

WHAT IS THE ZERO SUM GAME  Roll Eyes
▄▄▄

This game is a zerosum game, that is you do not play against the house (like at the casino) but you compete against other players.
Each team owns a contract.
Bet on a team, the HEADS team or the TAILS team, and send the amount you want to stake in ethers.
At the end of the round, the winning team is randomly drawn.
The total sum * of the bets made during the round is proportionally distributed among the bettors of the winning team, according to everyone’s initial bet percentage.

EXAMPLE OF A GAME ROUND
▄▄▄

Bob bets 1 ether on the HEADS team, Luc bets 2 ethers on the HEADS team.
Alice bets 2 ethers on TAILS, John bets 4 ethers on the TAILS team.
The total pool is 9 ethers (minus a 1% service fee)
At the end of the round, the winning team is the TAILS team The 9 ethers of the pool are divided between Alice and John.
Alice contributed 33% to TAILS team bets so she won about 3 ethers *, John contributed 66% to the TAILS team bets so he won about 6 ethers *, Bob and Luc lost their bet.

DURATION
▄▄▄
Each round lasts 24 hours. Winners in each round receive their winnings a few minutes after the end of the round.
You have to send your bet from a local wallet, do not send funds from an exchange wallet, we won't be able to send your payout.

WINNERS
▄▄▄

We combine WolframAlpha (via Oraclize) with precalculated numbers in a reliable, secure and impartial way.

Technical details for tech-savvy readers : https://gist.github.com/yoann-losbar/fc31d65a747f6e9dc9808c82dd335888

Note : The verification page (providing pub hashes, salts and sha256 calculator will be available in the next days)


COMMISSIONS
▄▄▄

You pay no commission to bet on a team. A 1% commission on the overall prize pool is applied before the pay-out to the winning team.

 
 
Screenshots
▄▄▄




1714969569
Hero Member
*
Offline Offline

Posts: 1714969569

View Profile Personal Message (Offline)

Ignore
1714969569
Reply with quote  #2

1714969569
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
marlboroza
Legendary
*
Offline Offline

Activity: 1932
Merit: 2270


View Profile
April 03, 2018, 02:31:39 PM
Last edit: April 03, 2018, 02:53:14 PM by marlboroza
 #2

If team A bet 0.01ETH, team B bet 20 ETH and team A wins, team A will win 20ETH, but if team B wins they will win only 0.01ETH.

This is actually tricky part, both team's bets should be equally placed, otherwise if one team has big bet other team could simple place minimum bet, making the game EV+ for one team and huge EV- for other team.

Unless this isn't head or tails game, and winner is team with more funds in pot  Undecided --> Never mind, I've read [ann].
RealZeroSumGame (OP)
Copper Member
Newbie
*
Offline Offline

Activity: 12
Merit: 0


View Profile WWW
April 03, 2018, 03:33:33 PM
 #3

If team A bet 0.01ETH, team B bet 20 ETH and team A wins, team A will win 20ETH, but if team B wins they will win only 0.01ETH.

This is actually tricky part, both team's bets should be equally placed, otherwise if one team has big bet other team could simple place minimum bet, making the game EV+ for one team and huge EV- for other team.

Unless this isn't head or tails game, and winner is team with more funds in pot  Undecided --> Never mind, I've read [ann].

Hi marlboroza, thank your for your feedback  Smiley

In fact, if such an imbalance exists between the two teams, it can only be temporary. Many strategists (like you  Tongue) will try to exploit this inefficiency by betting on Team A at the same time, thus reducing the imbalance.
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!