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BoneDice (OP)
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January 02, 2014, 06:07:51 AM
Last edit: January 02, 2014, 07:52:21 AM by BoneDice
 #1

Very honored to be a member of this community.
I want to develop a new bitcoin dice game, and the mathematical expectation of the prize will could be positive.
So I must get some research on bitcoin and the client through this forum before. Grin





SouthernTiger
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January 02, 2014, 06:14:04 AM
 #2

hello Smiley
BoneDice (OP)
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January 02, 2014, 06:18:25 AM
 #3

hello Smiley

 Smiley  hello
JoshYouArent
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January 02, 2014, 06:20:41 AM
 #4

I want to develop a new bitcoin dice game, and the mathematical expectation of the prize will be positive.
So you want to lose money?  Huh
BoneDice (OP)
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January 02, 2014, 06:39:00 AM
 #5

I want to develop a new bitcoin dice game, and the mathematical expectation of the prize will be positive.
So you want to lose money?  Huh

no, no one want to lose money .
many gambling games have positive expectation  :
Texas Hold'em  
slot machine
and some Lottery tickets

positive expectation not means the makers will lose money , but the player easier to win.
JoshYouArent
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January 02, 2014, 06:48:44 AM
 #6

Please correct me if i'm wrong but if the players have a positive "expectation" You will have a negative "expectation"
Take PrimeDice for example, at x2 they give the player 49.5% chance to win which means in the long run the odds are against the player by just .5%
If it were to be the other way around you would be the one with the negative profit.
BoneDice (OP)
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January 02, 2014, 07:23:23 AM
Last edit: January 02, 2014, 07:46:45 AM by BoneDice
 #7

Please correct me if i'm wrong but if the players have a positive "expectation" You will have a negative "expectation"
Take PrimeDice for example, at x2 they give the player 49.5% chance to win which means in the long run the odds are against the player by just .5%
If it were to be the other way around you would be the one with the negative profit.

I'm sorry ,maybe I didn't explain clearly  because my mother tongue isn't English

The payout must associate with the prize pool in a positive "expectation" game. and the payout must be limited
for example:

dice from 1-100

your bet = 1BTC  
the prize pool = 100BTC
the payout no more than the pool
Prize: #1  chance   1%       dice =1                payout:   20+(pool/10) x   = 30 BTC     expectation=0.3
Prize: #2  chance  25%    1<dice<=25            payout:   2x                    =  2  BTC    expectation=0.5
Prize: #3  chance  74%   25<dice<=100          payout:   0x                    =  0  BTC    expectation=0     total expectation=0.3+0.5+0 - 1 = -0.2
have a negative "expectation"
but  when the prize pool grow   the  "expectation" will be positive
your bet = 1BTC  
the prize pool > 300BTC
Prize: #1  chance   1%           dice =1           payout:   20+(pool/10) x   > 50 BTC     expectation>0.5
Prize: #2  chance  25%      1<dice<=25         payout:   2x                    =  2  BTC    expectation=0.5
Prize: #3  chance  74%     25<dice<=100       payout:   0x                    =  0  BTC    expectation=0     total expectation>0.5+0.5+0 - 1 > 0

so the prize pool will float near 300BTC  

this is just a simple example

DeathCoins
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January 02, 2014, 07:58:02 AM
 #8

Hello  Grin
Tantrum
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January 02, 2014, 08:37:54 AM
 #9

Welcome. I am also new. Enjoy your stay!
JoshYouArent
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January 02, 2014, 09:39:01 AM
 #10

Please correct me if i'm wrong but if the players have a positive "expectation" You will have a negative "expectation"
Take PrimeDice for example, at x2 they give the player 49.5% chance to win which means in the long run the odds are against the player by just .5%
If it were to be the other way around you would be the one with the negative profit.

I'm sorry ,maybe I didn't explain clearly  because my mother tongue isn't English

The payout must associate with the prize pool in a positive "expectation" game. and the payout must be limited
for example:

dice from 1-100

your bet = 1BTC  
the prize pool = 100BTC
the payout no more than the pool
Prize: #1  chance   1%       dice =1                payout:   20+(pool/10) x   = 30 BTC     expectation=0.3
Prize: #2  chance  25%    1<dice<=25            payout:   2x                    =  2  BTC    expectation=0.5
Prize: #3  chance  74%   25<dice<=100          payout:   0x                    =  0  BTC    expectation=0     total expectation=0.3+0.5+0 - 1 = -0.2
have a negative "expectation"
but  when the prize pool grow   the  "expectation" will be positive
your bet = 1BTC  
the prize pool > 300BTC
Prize: #1  chance   1%           dice =1           payout:   20+(pool/10) x   > 50 BTC     expectation>0.5
Prize: #2  chance  25%      1<dice<=25         payout:   2x                    =  2  BTC    expectation=0.5
Prize: #3  chance  74%     25<dice<=100       payout:   0x                    =  0  BTC    expectation=0     total expectation>0.5+0.5+0 - 1 > 0

so the prize pool will float near 300BTC  

this is just a simple example


No problem, your english was perfectly understandable.
I didn't think you had thought it through but it seems good.
I'm far from a mathematician lol but that makes sense to me, nice work.
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January 02, 2014, 09:42:06 AM
 #11

Welcome to the forum! I hope it works out for your Dice Game! Let us know when it's done.
edutBTC
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January 02, 2014, 08:14:20 PM
 #12

Bonedice how much are you paying for ?

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Dianetix
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January 02, 2014, 08:26:53 PM
 #13

Another new member here. Longtime reader, first time poster. Welcome to the boards!
BoneDice (OP)
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January 03, 2014, 02:18:58 AM
 #14

Bonedice how much are you paying for ?

pay for what?  the game is under construction
BoneDice (OP)
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January 03, 2014, 02:21:07 AM
Last edit: January 03, 2014, 02:33:14 AM by BoneDice
 #15

Welcome to the forum! I hope it works out for your Dice Game! Let us know when it's done.
thank you
 when it's done I will post it on the forum
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