Dice-Bet 🎲 0.7% Edge | Wagering Competition | BTC, LTC, ETH | Play or Invest 🎲

[Dice-Bet]

This is our first wagering competition but we are always open to try another model if players prefer something else

So there is still over 2 weeks left but just the LTC leaderboard has been getting a lot of wagering in the last few days. I think there will be some good payouts if the wagering continues like it is

I have a question about your Monthly Wagering Competition. I saw in other thread that

Total Prize Pool of up to 2.1 BTC, 21 ETH & 115 LTC!

and regarding prizes (let's talk just about BTC because the percentage is the same for other coins):

--------------------->Bitcoin Wagering Contest prize:<---------------------

★  Contest Place - Reward % - Maximum Reward ★

1 - 0.2% of the players total wager - 1 BTC
2 - 0.17% of the players total wager - 0.5 BTC
3 - 0.14% of the players total wager - 0.3 BTC
4 - 0.12% of the players total wager - 0.2 BTC
5 - 0.1% of the players total wager - 0.1 BTC

Don't you think that the prizes are too small to attract players? I mean, if I understand it correctly, someone taking the first place will receive 100k satoshis in case of wagering 0.5 BTC. And if it will be the 5th place then the prize will be just 50k satoshis for the same amount wagered. I'm talking about 0.5 BTC because the most wagered by a player is 0.26 BTC as of now and it's been two weeks since the competition has started.

I mean what's the point of talking about the Total Prize Pool if it's obvious that the first prize will not be even close to 1 BTC? If you are saying about what is your Total Prize Pool then the rewards should be related to that and not to the player's total wager.

Besides, although your House Edge is small, 0.7%, it is most likely what a player will lose wagering any amount. And since your top prize is more than 3 times smaller than that, it doesn't look like a promotion.

P.S. I just reread my post and I think it may appear rude, for which I'm sorry, I didn't mean to offend you. I meant to be helpful and maybe to clarify something for myself.

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[coingamblingreviews]

Fairdapp alone has already wagered 1416LTC

So he will get 2.8LTC based on his rolls already from the competition and It seems like he will wager more.

Plus he is in profit like 10.8LTC.



So I don't think the wager competition was a bad one to start with at all.

[Dice-Bet]

New DiceBet video review up here:

https://www.youtube.com/watch?v=NTRZ93gswtE

[Betwrong]

Fairdapp alone has already wagered 1416LTC

So he will get 2.8LTC based on his rolls already from the competition and It seems like he will wager more.

Plus he is in profit like 10.8LTC.
~
So I don't think the wager competition was a bad one to start with at all.

Fairdapp had been very lucky for the last couple of days. I watched his play yesterday and was amazed by how he was continuously making profits. Basically, he was betting with 25x multiplier (or around 4% win chance) increasing from 4% to 10% on loss, and he was almost always hitting the right number within 30-50 bets. At one point I even started to think that he has invented a winning strategy. Of course I know that there can't be such things, but look at him, the guy won $600 in LTC in a couple of days! Anyway, I'm glad for him and I wish good luck to all of those competing in the Wagering Contest!

[Dice-Bet]

Fairdapp alone has already wagered 1416LTC

So he will get 2.8LTC based on his rolls already from the competition and It seems like he will wager more.

Plus he is in profit like 10.8LTC.
~
So I don't think the wager competition was a bad one to start with at all.

Fairdapp had been very lucky for the last couple of days. I watched his play yesterday and was amazed by how he was continuously making profits. Basically, he was betting with 25x multiplier (or around 4% win chance) increasing from 4% to 10% on loss, and he was almost always hitting the right number within 30-50 bets. At one point I even started to think that he has invented a winning strategy. Of course I know that there can't be such things, but look at him, the guy won $600 in LTC in a couple of days! Anyway, I'm glad for him and I wish good luck to all of those competing in the Wagering Contest!

He is on fire alright! The lower 0.7% house edge is also helping 

[BTCevo]

Fairdapp alone has already wagered 1416LTC

So he will get 2.8LTC based on his rolls already from the competition and It seems like he will wager more.

Plus he is in profit like 10.8LTC.
~
So I don't think the wager competition was a bad one to start with at all.

Fairdapp had been very lucky for the last couple of days. I watched his play yesterday and was amazed by how he was continuously making profits. Basically, he was betting with 25x multiplier (or around 4% win chance) increasing from 4% to 10% on loss, and he was almost always hitting the right number within 30-50 bets. At one point I even started to think that he has invented a winning strategy. Of course I know that there can't be such things, but look at him, the guy won $600 in LTC in a couple of days! Anyway, I'm glad for him and I wish good luck to all of those competing in the Wagering Contest!

Unless he got enough bankroll to support on what his strategy, if not this can't be happened. And btw i did 100 ltc wagered with only 0.1 ltc, of course this can't be compared because I do not aim for profit mean while he can get profit and wagering 1st rank there. But to think a new site offer this kind of promotion is indeed good. May be if you give higher prize, many big whale will come and do their wagering here

[Dice-Bet]

Fairdapp alone has already wagered 1416LTC

So he will get 2.8LTC based on his rolls already from the competition and It seems like he will wager more.

Plus he is in profit like 10.8LTC.
~
So I don't think the wager competition was a bad one to start with at all.

Fairdapp had been very lucky for the last couple of days. I watched his play yesterday and was amazed by how he was continuously making profits. Basically, he was betting with 25x multiplier (or around 4% win chance) increasing from 4% to 10% on loss, and he was almost always hitting the right number within 30-50 bets. At one point I even started to think that he has invented a winning strategy. Of course I know that there can't be such things, but look at him, the guy won $600 in LTC in a couple of days! Anyway, I'm glad for him and I wish good luck to all of those competing in the Wagering Contest!

Unless he got enough bankroll to support on what his strategy, if not this can't be happened. And btw i did 100 ltc wagered with only 0.1 ltc, of course this can't be compared because I do not aim for profit mean while he can get profit and wagering 1st rank there. But to think a new site offer this kind of promotion is indeed good. May be if you give higher prize, many big whale will come and do their wagering here

haha yeah some great action, and maybe next time we will change the way the wagering competition works to get some more action!

Right now a Hidden player has wagered over 732LTC. I think the wagering competition in LTC is heating up

[BTCevo]

Fairdapp alone has already wagered 1416LTC

So he will get 2.8LTC based on his rolls already from the competition and It seems like he will wager more.

Plus he is in profit like 10.8LTC.
~
So I don't think the wager competition was a bad one to start with at all.

Fairdapp had been very lucky for the last couple of days. I watched his play yesterday and was amazed by how he was continuously making profits. Basically, he was betting with 25x multiplier (or around 4% win chance) increasing from 4% to 10% on loss, and he was almost always hitting the right number within 30-50 bets. At one point I even started to think that he has invented a winning strategy. Of course I know that there can't be such things, but look at him, the guy won $600 in LTC in a couple of days! Anyway, I'm glad for him and I wish good luck to all of those competing in the Wagering Contest!

Unless he got enough bankroll to support on what his strategy, if not this can't be happened. And btw i did 100 ltc wagered with only 0.1 ltc, of course this can't be compared because I do not aim for profit mean while he can get profit and wagering 1st rank there. But to think a new site offer this kind of promotion is indeed good. May be if you give higher prize, many big whale will come and do their wagering here

haha yeah some great action, and maybe next time we will change the way the wagering competition works to get some more action!

Right now a Hidden player has wagered over 732LTC. I think the wagering competition in LTC is heating up

Yes, you must change it to be better one. Your investment is already good enough to drag any investors, what you need is more bankroll to increase the max bet so big player will come and get more wager here. Anyway I do not see any leaderboard on the wagering competition or may be I missed it somewhere, is there any chance that you could add the leaderboard so everyone will know how much they already wagered

[Dice-Bet]

Leaderboard for the wagering competition is here: https://dice-bet.com/leaderboard 

Fairdapp alone has already wagered 1416LTC

So he will get 2.8LTC based on his rolls already from the competition and It seems like he will wager more.

Plus he is in profit like 10.8LTC.
~
So I don't think the wager competition was a bad one to start with at all.

Fairdapp had been very lucky for the last couple of days. I watched his play yesterday and was amazed by how he was continuously making profits. Basically, he was betting with 25x multiplier (or around 4% win chance) increasing from 4% to 10% on loss, and he was almost always hitting the right number within 30-50 bets. At one point I even started to think that he has invented a winning strategy. Of course I know that there can't be such things, but look at him, the guy won $600 in LTC in a couple of days! Anyway, I'm glad for him and I wish good luck to all of those competing in the Wagering Contest!

Unless he got enough bankroll to support on what his strategy, if not this can't be happened. And btw i did 100 ltc wagered with only 0.1 ltc, of course this can't be compared because I do not aim for profit mean while he can get profit and wagering 1st rank there. But to think a new site offer this kind of promotion is indeed good. May be if you give higher prize, many big whale will come and do their wagering here

haha yeah some great action, and maybe next time we will change the way the wagering competition works to get some more action!

Right now a Hidden player has wagered over 732LTC. I think the wagering competition in LTC is heating up

Yes, you must change it to be better one. Your investment is already good enough to drag any investors, what you need is more bankroll to increase the max bet so big player will come and get more wager here. Anyway I do not see any leaderboard on the wagering competition or may be I missed it somewhere, is there any chance that you could add the leaderboard so everyone will know how much they already wagered

[Betwrong]

Fairdapp alone has already wagered 1416LTC

So he will get 2.8LTC based on his rolls already from the competition and It seems like he will wager more.

Plus he is in profit like 10.8LTC.
~
So I don't think the wager competition was a bad one to start with at all.

Fairdapp had been very lucky for the last couple of days. I watched his play yesterday and was amazed by how he was continuously making profits. Basically, he was betting with 25x multiplier (or around 4% win chance) increasing from 4% to 10% on loss, and he was almost always hitting the right number within 30-50 bets. At one point I even started to think that he has invented a winning strategy. Of course I know that there can't be such things, but look at him, the guy won $600 in LTC in a couple of days! Anyway, I'm glad for him and I wish good luck to all of those competing in the Wagering Contest!

He is on fire alright! The lower 0.7% house edge is also helping  

The situation has changed today. Fairdapp lost all his LTC profit plus he additionally lost 13.5 LTC. Here's the graph for his bets:



So, it looks like his strategy failed at some point, as all of them do.

On the bright side, though, his profit in Ethereum is almost +6.5:



which is even more, if converted to USD, than that what he had in LTC. Good for him! It never fails to amaze me how lucky he is. Now I'm really interested in discovering what follows next.

[Dice-Bet]

Whatever happens it will be interesting and I think a lot of people are watching

Fairdapp alone has already wagered 1416LTC

So he will get 2.8LTC based on his rolls already from the competition and It seems like he will wager more.

Plus he is in profit like 10.8LTC.
~
So I don't think the wager competition was a bad one to start with at all.

Fairdapp had been very lucky for the last couple of days. I watched his play yesterday and was amazed by how he was continuously making profits. Basically, he was betting with 25x multiplier (or around 4% win chance) increasing from 4% to 10% on loss, and he was almost always hitting the right number within 30-50 bets. At one point I even started to think that he has invented a winning strategy. Of course I know that there can't be such things, but look at him, the guy won $600 in LTC in a couple of days! Anyway, I'm glad for him and I wish good luck to all of those competing in the Wagering Contest!

He is on fire alright! The lower 0.7% house edge is also helping  

The situation has changed today. Fairdapp lost all his LTC profit plus he additionally lost 13.5 LTC. Here's the graph for his bets:



So, it looks like his strategy failed at some point, as all of them do.

On the bright side, though, his profit in Ethereum is almost +6.5:



which is even more, if converted to USD, than that what he had in LTC. Good for him! It never fails to amaze me how lucky he is. Now I'm really interested in discovering what follows next.

[SyGambler]

so fairdapp was the reason my investment went down a lot then recovered after
BTW is there any way that I can see how much total was wagered in the site ? i'm not sure if I can see that and would love to know how much total was wagered by all the users since the site launched just to estimate a little how things are going 

[Dice-Bet]

so fairdapp was the reason my investment went down a lot then recovered after
BTW is there any way that I can see how much total was wagered in the site ? i'm not sure if I can see that and would love to know how much total was wagered by all the users since the site launched just to estimate a little how things are going  

Hi SyGambler total wagered amounts are here since launch: https://dice-bet.com/site-stats

Snapshot taken now:

[SyGambler]

Hi SyGambler total wagered amounts are here since launch: https://dice-bet.com/site-stats

Snapshot taken now:

oh thanks a lot , good to know cause at first I thought that investors are having a winning streak these days but now after looking at the numbers it seems the profit is still less than expected so hopefully this means that the hot run for investors is coming soon 

[BTCevo]

I just make a withdrawal last night and it seems that I get it on the morning, I do not know why it takes so long here. Is it because that I am using slow processed? And I want to ask about the fee as well, it said that the process fee is around 2k satoshi but in the end I used only 1 satoshi fee. Yes, I get my money but with really slow process, is this possible?

[SyGambler]

I just make a withdrawal last night and it seems that I get it on the morning, I do not know why it takes so long here.

I was told by Mike that withdrawals are instant unless the hot wallet is empty , so once you don't immediately receive the withdrawal I guess you should notify Mike in the chat
that's what happened with me few days ago since it was my first withdrawal and the hot wallet was empty , but Mike processed the withdrawal few minutes later

so maybe sometimes they don't notice if the hot wallet has funds or not and mentioning that in chat may be helpful

[BTCevo]

I just make a withdrawal last night and it seems that I get it on the morning, I do not know why it takes so long here.

I was told by Mike that withdrawals are instant unless the hot wallet is empty , so once you don't immediately receive the withdrawal I guess you should notify Mike in the chat
that's what happened with me few days ago since it was my first withdrawal and the hot wallet was empty , but Mike processed the withdrawal few minutes later

so maybe sometimes they don't notice if the hot wallet has funds or not and mentioning that in chat may be helpful

It is not about the hot wallet thing, I know if it is about hot wallet then it is like pending until they refill it back but the problem here is about the fee which is really low. Like I said before it only uses 1 satoshi meanwhile on the site it is said the regular withdrawal fee is around 2.3k satoshi and higher on faster processed so I do not think it is about the hot wallet problem

And it does not really matter since when it cost 2k satohsi, I only use 1 sat per transaction which is really great deduction to have

[Barcode_]

I think the admin of the site might need to add more information about deposits on the site FAQ page, it would be better to show some information about the numbers of confirmations needed on the network before the players deposit would arrive on their account in dice-bet.com, this would allow the players to notify the admin about site deposit issues if their deposit are not showing up in their account even after the required numbers of confirmations on the network.

[panjul07]

I think the admin of the site might need to add more information about deposits on the site FAQ page, it would be better to show some information about the numbers of confirmations needed on the network before the players deposit would arrive on their account in dice-bet.com, this would allow the players to notify the admin about site deposit issues if their deposit are not showing up in their account even after the required numbers of confirmations on the network.

The infornation about what you are asking for is located under the deposit menu. Once you click the deposit button then you'll see how many confirmation needed before the deposit is credited to the account. I think it is more effective than if the info is located on the FAQ page because players are not really often to read that page. Of course, adding the same info on the FAQ page would be better. 

[Dice-Bet]

I just make a withdrawal last night and it seems that I get it on the morning, I do not know why it takes so long here. Is it because that I am using slow processed? And I want to ask about the fee as well, it said that the process fee is around 2k satoshi but in the end I used only 1 satoshi fee. Yes, I get my money but with really slow process, is this possible?

Hi BTCevo,

When the hot wallet has enough funds withdraws are instant and when I am awake I always watch the hot wallet and refill if need be. I fill it before I go to bed but when big withdraws (larger than the hot wallet happen), they don't get filled until I wake up at the moment.

I am now making the hot wallet larger so hopefully this helps.

The transaction fee I need to look into further.