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[thecoinjournal]

It's anonymous so I don't think there could be any problem in whatever country.

[darthcoin]

Hi, I'm new to both bitcoin and bitcoin gambling (or gambling in general).

I'm wondering, if I bet 1 bitcoin, and the payout is 9.901x, I should get 9.901, right? Then why does the profit calculator say 8.901? Does the house take the rest as a service fee or something?



Thanks, and sorry if it's a dumb question, I really have no idea how this works.

You get 9.901 Payout as a whole and since 1 BTC is your original bet so the pure profit is 8.901

[thecoinjournal]

Hi, I'm new to both bitcoin and bitcoin gambling (or gambling in general).

I'm wondering, if I bet 1 bitcoin, and the payout is 9.901x, I should get 9.901, right? Then why does the profit calculator say 8.901? Does the house take the rest as a service fee or something?



Thanks, and sorry if it's a dumb question, I really have no idea how this works.

You get 9.901 Payout as a whole and since 1 BTC is your original bet so the pure profit is 8.901

If there's no house edge, you'd get 9btc profit, so the 0.099btc gap is the house fee.

[f3tus]

If there's no house edge, you'd get 9btc profit, so the 0.099btc gap is the house fee.

Ah, yes. I guess it doesn't really matter if you call it "house edge" or just a "commission fee," it's the same thing in this case. So a 0.99% fee compared to SatoshiDice's 1.9%. Pretty reasonable. Why is SD still so popular, then?

[boumalo]

On ED you can invest and be the casino roll if it is legal in your country

Aren't "bitcoin casinos" legal pretty much everywhere, except in countries where bitcoin is considered an actual currency? Iceland and Germany come to mind, and the USA where it's not really clear from the legal perspective, but people just don't want potential trouble.

I would say it is illegal in most countries

[howzar]

If there's no house edge, you'd get 9btc profit, so the 0.099btc gap is the house fee.

Ah, yes. I guess it doesn't really matter if you call it "house edge" or just a "commission fee," it's the same thing in this case. So a 0.99% fee compared to SatoshiDice's 1.9%. Pretty reasonable. Why is SD still so popular, then?

Thats the thing its not still popular.

[f3tus]

Thats the thing its not still popular.

Ah, ok then.

I would say it is illegal in most countries

I'd say it's "questionable" rather than illegal, since most countries don't have a legislature surrounding bitcoin yet.

[f3tus]

SatoshiDice claims it has a 1.9% house edge, so why is it that when you bet 1 bitcoin on a 50% chance game, the profit is 1.957x?

2 - 1.957 = 0.043
(0.043/2) * 100 = 2.15%

With an 1.9% edge, the profit should be 1.962x, 0.005 more.

Are they lying, or is my math junk?

[elephantas1]

Maybe some free coins for trying because theres no faucet

username: P-497

[cech4204a]

Maybe some free coins for trying because theres no faucet

username: P-497

There is 10000 satoshi giveaway under games and round section, just ask for it ;-)

[cech4204a]

is there any reward for 500.000th bet ?

[badjacks99]

So you're saying my account has been blocked from manual rolling? If that's the case thank you very much. I know it seems kinda crazy but I'd like to let my investment be for awhile. Maybe in a month or so do I have the option of getting unblocked? Also, I still have my abilities to deposit and withdraw? Thanks Everydice.

[cech4204a]

So you're saying my account has been blocked from manual rolling? If that's the case thank you very much. I know it seems kinda crazy but I'd like to let my investment be for awhile. Maybe in a month or so do I have the option of getting unblocked? Also, I still have my abilities to deposit and withdraw? Thanks Everydice.

you have to learn how to controll yourself in gambling, this is only thing that you need.


EDIT: i have finnished with first round of giveaways, anybody interested in helping out ?

[thecoinjournal]

So you're saying my account has been blocked from manual rolling? If that's the case thank you very much. I know it seems kinda crazy but I'd like to let my investment be for awhile. Maybe in a month or so do I have the option of getting unblocked? Also, I still have my abilities to deposit and withdraw? Thanks Everydice.

Even you cannot be unblocked automatically, I think you can always start a new account if you really want to bet. Well, that seems like a gambling problem again.

[everydice]

is there any reward for 500.000th bet ?

Hi Cech.. Unfortunately no reward on the 500,000th bet, the announcement also will be too sudden. But after discussion with the team, we are agree to use Uptweets idea to reward to the 1,000,000th bet.

maybe 0.1BTC for the first one who wagers more than 0.1BTC after the millionth bet?

The rule will be as follows:

• 0.1 BTC for the first one who wagers 0.1 BTC or more after one million-th bet
• 0.05 BTC for the first and the second one who wagers 0.05 BTC or more after one million-th bet

Will post this to our blog too

So you're saying my account has been blocked from manual rolling? If that's the case thank you very much. I know it seems kinda crazy but I'd like to let my investment be for awhile. Maybe in a month or so do I have the option of getting unblocked? Also, I still have my abilities to deposit and withdraw? Thanks Everydice.

Even you cannot be unblocked automatically, I think you can always start a new account if you really want to bet. Well, that seems like a gambling problem again.

@badjacks
Your welcome badjacks, thank you for investing in ED too!
You can check by trying to roll 0 bet. Sure, you can PM me whenever you are sure you want to unblock the roll feature again. And of course, all features including deposit and withdraw are still fully functional

@thecoinjournal
Yes it is always possible But I think it is more like a practice of separating your bank account for savings and monthly use, intentional inconvenience

[everydice]

SatoshiDice claims it has a 1.9% house edge, so why is it that when you bet 1 bitcoin on a 50% chance game, the profit is 1.957x?

2 - 1.957 = 0.043
(0.043/2) * 100 = 2.15%

With an 1.9% edge, the profit should be 1.962x, 0.005 more.

Are they lying, or is my math junk?

He f3tus, none of the above, this case is well explained in an old thread:

SatoshiDice is not lying, you just made a simple mistake in your calculations. Specifically, you forgot that SatoshiDice pays you a small amount (0.5% of your wager) if you lose, that way you always get something back whether you win or not (unless something's gone wrong), allowing you to easily tell the difference between a loss and a failure to pay out a win due to technical problems.

In the case of lessthan 32768, you will win 1.957x your wager 50% of the time, and 0.005x your wager the other 50%, giving an expected return of (1.957x0.5 + 0.005x0.5) = 0.981 for a house edge of 1.9%.

[howzar]

I don't recommend SatoshiDice because it brings a lot of pollution to the blockchain.

It's the main reason we have a massive block chain

[shitaifan2013]

a few monday gains 

update 27.03.2014  invested 0.50274831BTC, ~0.5730%. someone invested around 10BTC site bankroll 87.729964 & site profit 7.5761368
update 29.03.2014  invested 0.50119015BTC, ~0.5799%.        --                               site bankroll 86.413821 & site profit 7.3096741
update 31.03.2014  invested 0.50105838BTC, ~0.5818%.        --                               site bankroll 86.111018 & site profit 7.2879652
update 01.04.2014  invested 0.49928940BTC, ~0.6559%. someone divested around 10BTC site bankroll 76.112282 & site profit 7.0671325
update 03.04.2014  invested 0.49568540BTC, ~0.6559%.        --                               site bankroll 75.570088 & site profit 6.5321816
update 05.04.2014  invested 0.50258219BTC, ~0.6748%.        --                               site bankroll 74.468509 & site profit 7.5569766
update 06.04.2014  invested 0.51373044BTC, ~0.6751%. someone lost a good bunch    site bankroll 76.089872 & site profit 9.2192624
update 08.04.2014  invested 0.51381687BTC, ~0.6748%.                                          site bankroll 76.142872 & site profit 9.2322916
update 10.04.2014  invested 0.51486498BTC, ~0.6749%.                                          site bankroll 76.278760 & site profit 9.3902180
update 11.04.2014  invested 0.51932647BTC, ~0.6750%. dan&diceclay on a roll            site bankroll 76.925722 & site profit 10.061522 wooohooo two digits!  
update 13.04.2014  invested 0.52600862BTC, ~0.6710%.                                          site bankroll 78.382643 & site profit 11.099135
update 15.04.2014  invested 0.55111937BTC, ~0.6695%. someone lost big (thresher?)   site bankroll 82.317594 & site profit 14.909130
update 17.04.2014  invested 0.54708222BTC, ~0.5726%. lots of gambling, more invest   site bankroll 95.540405 & site profit 15.189882
update 19.04.2014  invested 0.56231407BTC, ~0.5714%.                                          site bankroll 98.221269 & site profit 17.802014
update 21.04.2014  invested 0.56342385BTC, ~0.5683%.                                          site bankroll 99.127337 & site profit 18.009710
update 23.04.2014  invested 0.57325047BTC, ~0.5670%.                                          site bankroll 101.08858 & site profit 19.857015
update 25.04.2014  invested 0.61408114BTC, ~0.5368%.                                          site bankroll 114.39544 & site profit 27.106403 wow!
update 27.04.2014  invested 0.61630111BTC, ~0.5209%. my % of the br is shrinking     site bankroll 118.31066 & site profit 27.534323
update 29.04.2014  invested 0.60495744BTC, ~0.3986%. br exploding, profit down        site bankroll 151.74589 & site profit 25.610557
update 30.04.2014  invested 0.76835993BTC, ~0.5144%. 1Dice1 got hit by variance      site bankroll 149.35559 & site profit 58.255281
update 02.05.2014  invested 0.76819967BTC, ~0.4450%. br is still growing                   site bankroll 172.60037 & site profit 58.209752
update 05.05.2014  invested 0.77000787BTC, ~0.4557%.                                          site bankroll 168.95184 & site profit 58.656614

[boumalo]

a few monday gains 

update 27.03.2014  invested 0.50274831BTC, ~0.5730%. someone invested around 10BTC site bankroll 87.729964 & site profit 7.5761368
update 29.03.2014  invested 0.50119015BTC, ~0.5799%.        --                               site bankroll 86.413821 & site profit 7.3096741
update 31.03.2014  invested 0.50105838BTC, ~0.5818%.        --                               site bankroll 86.111018 & site profit 7.2879652
update 01.04.2014  invested 0.49928940BTC, ~0.6559%. someone divested around 10BTC site bankroll 76.112282 & site profit 7.0671325
update 03.04.2014  invested 0.49568540BTC, ~0.6559%.        --                               site bankroll 75.570088 & site profit 6.5321816
update 05.04.2014  invested 0.50258219BTC, ~0.6748%.        --                               site bankroll 74.468509 & site profit 7.5569766
update 06.04.2014  invested 0.51373044BTC, ~0.6751%. someone lost a good bunch    site bankroll 76.089872 & site profit 9.2192624
update 08.04.2014  invested 0.51381687BTC, ~0.6748%.                                          site bankroll 76.142872 & site profit 9.2322916
update 10.04.2014  invested 0.51486498BTC, ~0.6749%.                                          site bankroll 76.278760 & site profit 9.3902180
update 11.04.2014  invested 0.51932647BTC, ~0.6750%. dan&diceclay on a roll            site bankroll 76.925722 & site profit 10.061522 wooohooo two digits!  
update 13.04.2014  invested 0.52600862BTC, ~0.6710%.                                          site bankroll 78.382643 & site profit 11.099135
update 15.04.2014  invested 0.55111937BTC, ~0.6695%. someone lost big (thresher?)   site bankroll 82.317594 & site profit 14.909130
update 17.04.2014  invested 0.54708222BTC, ~0.5726%. lots of gambling, more invest   site bankroll 95.540405 & site profit 15.189882
update 19.04.2014  invested 0.56231407BTC, ~0.5714%.                                          site bankroll 98.221269 & site profit 17.802014
update 21.04.2014  invested 0.56342385BTC, ~0.5683%.                                          site bankroll 99.127337 & site profit 18.009710
update 23.04.2014  invested 0.57325047BTC, ~0.5670%.                                          site bankroll 101.08858 & site profit 19.857015
update 25.04.2014  invested 0.61408114BTC, ~0.5368%.                                          site bankroll 114.39544 & site profit 27.106403 wow!
update 27.04.2014  invested 0.61630111BTC, ~0.5209%. my % of the br is shrinking     site bankroll 118.31066 & site profit 27.534323
update 29.04.2014  invested 0.60495744BTC, ~0.3986%. br exploding, profit down        site bankroll 151.74589 & site profit 25.610557
update 30.04.2014  invested 0.76835993BTC, ~0.5144%. 1Dice1 got hit by variance      site bankroll 149.35559 & site profit 58.255281
update 02.05.2014  invested 0.76819967BTC, ~0.4450%. br is still growing                   site bankroll 172.60037 & site profit 58.209752
update 05.05.2014  invested 0.77000787BTC, ~0.4557%.                                          site bankroll 168.95184 & site profit 58.656614

Not too much profit for a week but 54% profit for 5weeks is pretty sweet

is there any reward for 500.000th bet ?

Hi Cech.. Unfortunately no reward on the 500,000th bet, the announcement also will be too sudden. But after discussion with the team, we are agree to use Uptweets idea to reward to the 1,000,000th bet.

maybe 0.1BTC for the first one who wagers more than 0.1BTC after the millionth bet?

The rule will be as follows:

• 0.1 BTC for the first one who wagers 0.1 BTC or more after one million-th bet
• 0.05 BTC for the first and the second one who wagers 0.05 BTC or more after one million-th bet

Will post this to our blog too

So you're saying my account has been blocked from manual rolling? If that's the case thank you very much. I know it seems kinda crazy but I'd like to let my investment be for awhile. Maybe in a month or so do I have the option of getting unblocked? Also, I still have my abilities to deposit and withdraw? Thanks Everydice.

Even you cannot be unblocked automatically, I think you can always start a new account if you really want to bet. Well, that seems like a gambling problem again.

@badjacks
Your welcome badjacks, thank you for investing in ED too!
You can check by trying to roll 0 bet. Sure, you can PM me whenever you are sure you want to unblock the roll feature again. And of course, all features including deposit and withdraw are still fully functional

@thecoinjournal
Yes it is always possible But I think it is more like a practice of separating your bank account for savings and monthly use, intentional inconvenience

You will get that 0.15 bonus back pretty fast because there will tens of 0.1+bets and hundreds of 0.05 when we get really close to the threshold, it will be very exciting. PD3 will have a promotion as well

[howzar]

GET PAID TO SIGN UP UNDER MY REFERRAL

https://bitcointalk.org/index.php?topic=569483.0